1. **Lust (Overtrade)**
– **Description:** The overwhelming desire to engage in multiple trades, often more than necessary. Traders driven by lust might chase the thrill of the trade rather than focusing on quality opportunities.

2. **Wrath (Revenge Trade)**
– **Description:** The anger that comes after a loss can lead to impulsive revenge trading. Instead of sticking to a plan, a trader might make irrational trades in an attempt to recover losses quickly.

3. **Sloth (Hold on to Losses)**
– **Description:** Sloth represents laziness or complacency, leading to holding onto losing trades for too long. The trader avoids making the tough decision to cut losses, hoping that the trade will turn around.

4. **Pride (Hide/Ignore Losses)**
– **Description:** Pride can cause a trader to ignore or hide their losses, refusing to admit mistakes. This can lead to a lack of accountability and learning from those losses.

5. **Gluttony (Chase Bigger Positions)**
– **Description:** Gluttony in trading is the urge to take on larger positions than necessary, driven by greed. This often leads to overexposure and increased risk.

6. **Greed (Chase Trades and Profits)**
– **Description:** Greed drives a trader to continuously chase trades and profits, often ignoring the risks involved. This mindset can lead to reckless trading and significant losses.

7. **Envy (Covet Other People’s Trades)**
– **Description:** Envy occurs when traders compare themselves to others, desiring the success or trades that others have made. This can lead to following trades without proper analysis or conviction.

### Key Takeaway:
To be a successful trader, it’s crucial to recognize and control these emotions. Self-awareness and discipline can help in managing these impulses, leading to more rational and profitable trading decisions.

Losses in trading aren’t the real issue; the challenge lies in how much you allow yourself to give back to the market. To truly succeed, you need to learn how to keep more than you give away. Here are ten key points to help you master this balance:

1. **Understand Your Risk Tolerance**
– Know how much you can afford to lose on a single trade without compromising your overall portfolio.

2. **Implement Strict Risk Management**
– Set clear stop-loss levels and adhere to them strictly, ensuring that losses are minimal and controlled.

3. **Diversify Your Trades**
– Spread your investments across different assets or sectors to minimize the impact of a loss in any single trade.

4. **Focus on Consistency, Not Big Wins**
– Aim for consistent, smaller profits rather than trying to hit a home run with every trade. This approach helps preserve capital.

5. **Review and Adjust Your Strategy Regularly**
– Continuously analyze your trading strategy and make adjustments based on what is and isn’t working.

6. **Avoid Emotional Trading**
– Keep emotions in check. Fear and greed can lead to poor decisions and increase the likelihood of giving back profits to the market.

7. **Take Profits Early and Often**
– Don’t wait too long to take profits. Regularly locking in gains prevents them from turning into losses.

8. **Learn From Your Losses**
– Treat every loss as a learning opportunity. Analyze what went wrong and how to avoid similar mistakes in the future.

9. **Stay Disciplined**
– Discipline is key in trading. Stick to your plan and avoid impulsive trades that could lead to unnecessary losses.

10. **Prioritize Capital Preservation**
– The primary goal should always be to protect your capital. Profits are important, but preserving what you have is crucial for long-term success.

By focusing on these strategies, you’ll be better equipped to keep more of your gains and minimize the amount you give back to the market.