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.