Leaving and giving value to other traders

"The experienced trader uses a self-injury scheme to enhance the probability of successfully entering and exiting the trade. He buys a little higher than the bottom, but not too much, and sells at a slightly lower price than the absolute top of the trend.

This self-injury entry and exit discipline puts a limit in our greed." - Daryl Guppy

Avoiding the Greed trap

"Always remember that the primary trading objective is to capture as much of the trend as possible - not all of it.

Collecting the very bottom and the very top of a trend or a rally is an almost impossible task, but this beauty trap encourages us to try."

"Greed delays the exit for hope of higher prices, and when the trend collapses, it takes the position with it. The trader falls into the beauty trap."

- Daryl Guppy