How does the pip limiter works for greedy people?

Question

Derrick · Accepted Answer

By enforcing a pip limit, traders can ensure that their emotions, particularly greed, don't lead them to make impulsive decisions that might result in bigger losses. The pip limiter acts as a safety net and encourages disciplined trading by sticking to predefined risk and reward levels.For example, if a trader sets a pip limiter of 50 pips, it means that once the trade gains 50 pips, the trade will automatically close, locking in the profit. Similarly, if the trade starts losing 50 pips, it will automatically close to limit the potential loss. This tool helps prevent traders from holding onto trades for too long in the hope of making even larger profits, which can be fueled by greed.

How does the pip limiter works for greedy people?

1 Answer

1 Answer

How does the pip limiter works for greedy people?

1 Answer

1 Answer

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