Fear : The Debacle of a Trader | Bitcointalksearch.org

Fredomago

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Quote from: Kelvinid on July 07, 2021, 10:51:16 PM

Trading is somewhat pressured and you need to decide quickly as the time moving and as well as the price. Having in FEAR, I'm not sure how a trader could survive as this will lead to nowhere and mostly wrong decisions.

The reason why we should have and must think to control our emotions because this is a big factor that could affect our mindset. The majority of the traders had lost because they also lose their minds and uncontrollable emotions. But to be honest, it is really hard to do this, it takes time and commitment.

It takes time and focus, if you really wanted to succeed from this field taking baby step one at a time gives you more confidence in determining the possible next market movements.

Not easy but very possible as long as you have the right mindsets, planning ahead of time and making sure to adjust if there's a need doing so.

You can't control the market but you can deal with your emotions, practice and never to stop chasing the right system to use while you are working inside this business.

carlfebz2

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Quote from: andriarto on July 07, 2021, 09:36:59 PM

Quote from: Cherylstar86 on July 06, 2021, 07:03:01 AM

I admit had fallen on coins which I thought to be having huge potentials despite of bitcoin's downturn. Though we're having fears and struggles, that doesn't stop us from growing continuously. Don't let our circumstances become a resistance of every goals that we're about to finish, think about your failures and make it as your strength because knowledge in trading will definitely give you strong foundation.

if we have chosen a coin to invest in and have gone through research, I think there is no hesitation in waiting for the coin to pump. but we also should not be greedy in taking profit, must know the right time to let it go. on the other hand we will be prepared for the worst risks, for example the coin will turn to ashes, so we are relaxed in living life

Anything in life would really be having that risk even with simple decisions in life do accompanied with it so once you do step in yourself in cryptocurrency investment then you should be prepared

about on losing it because not all that looks good for you does guaranteed future pumps or increase in price because there are lots of factors that will affect price increase on a certain coin.

Fear is normal because we are just humans but once you do really get experience then you would really be somehow getting some confidence about your investment.

Kelvinid

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Trading is somewhat pressured and you need to decide quickly as the time moving and as well as the price. Having in FEAR, I'm not sure how a trader could survive as this will lead to nowhere and mostly wrong decisions.

The reason why we should have and must think to control our emotions because this is a big factor that could affect our mindset. The majority of the traders had lost because they also lose their minds and uncontrollable emotions. But to be honest, it is really hard to do this, it takes time and commitment.

andriarto

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Quote from: Cherylstar86 on July 06, 2021, 07:03:01 AM

I admit had fallen on coins which I thought to be having huge potentials despite of bitcoin's downturn. Though we're having fears and struggles, that doesn't stop us from growing continuously. Don't let our circumstances become a resistance of every goals that we're about to finish, think about your failures and make it as your strength because knowledge in trading will definitely give you strong foundation.

if we have chosen a coin to invest in and have gone through research, I think there is no hesitation in waiting for the coin to pump. but we also should not be greedy in taking profit, must know the right time to let it go. on the other hand we will be prepared for the worst risks, for example the coin will turn to ashes, so we are relaxed in living life

Yatsan

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There are different ways on how a trader copes up on dealing with his fear when it comes to trading because he needed to adjust into the working environment that he is up to since there is a threat of losing money if you will be doing a wrong move or decision with your trade. It is just normal to feel fear when doing trading because you feel the pressure of your money being involve in a risk where you are aiming to make it grow upon investing it into a worthy asset you have believed that will make it grow. Every trader is always facing into the real deal of fear and risk that is why we are developing different strategies that will be effective on us to cope up with those fears and make the best decisions possible for that certain situation in trading.

Cherylstar86

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I admit had fallen on coins which I thought to be having huge potentials despite of bitcoin's downturn. Though we're having fears and struggles, that doesn't stop us from growing continuously. Don't let our circumstances become a resistance of every goals that we're about to finish, think about your failures and make it as your strength because knowledge in trading will definitely give you strong foundation.

Fredomago

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Quote from: Lanatsa on July 05, 2021, 01:53:38 PM

Experience does really matter the most because if you are fully aware on what are the things you've been doing and the things that might happen on what you are engaging then you can really react and
make out efficient decisions that others wont or simple to those inexperienced ones.

Not just being said but totally being done, experienced really play that big role while you are inside this market, your anticipation will lead you to a much better position,

Reacting to any market directions can be done appropriately, chances of making good calls still relies with how you undersand the marke flows.

Quote

Fear is something normal since we are just humans and it would be just typical for you to make reactions like that specially if its your first time.As you do go ahead or getting experience you would be definitely getting rid of it.

Slowly but it would happened along the way, fear will removed from your system when you already comfortable with each decisions that you make.

Quote

Just don't let yourself being controlled your emotions because if you do then you would be finding yourself in a big problem.

Emotions is your worse enemy, taking care of it should be the first thing in your list before moving forward.

Lanatsa

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Quote from: wxa7115 on July 05, 2021, 12:47:57 PM

Quote from: perfect999 on July 05, 2021, 05:56:18 AM

Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

The only solution for fear? Knowledge, surely!

If you have good knowledge about the investments you make and the trades you do then there is virtually nothing that can wobble your confidence even during the worst market crashes and situations.

Fear is basically the opposite of confidence, if you have confidence in your trades you won't fear them. Period. And the only way of getting more confidence in your trading is by learning as much as you can about every trade, coin, tool and anything that exist in trading.

To this I will add experience, knowledge without a doubt is a must if you want to avoid making mistakes by letting your emotions take control of your actions but experience also plays a factor.

After all you could have all the knowledge of the world but if the market crashes just a little bit after you began your career as a trader then it is highly likely that you will make a mistake, but if you can trade for some time and you get enough experience under your belt then even when the market crashes you will be able to avoid to panic like everyone else and take the right decision for you at that particular moment in time.

Experience does really matter the most because if you are fully aware on what are the things you've been doing and the things that might happen on what you are engaging then you can really react and
make out efficient decisions that others wont or simple to those inexperienced ones.

Fear is something normal since we are just humans and it would be just typical for you to make reactions like that specially if its your first time.As you do go ahead or getting experience you would be definitely getting rid of it.

Just don't let yourself being controlled your emotions because if you do then you would be finding yourself in a big problem.

SquallLeonhart

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Quote from: perfect999 on July 05, 2021, 05:56:18 AM

The only solution for fear? Knowledge, surely!

If you have good knowledge about the investments you make and the trades you do then there is virtually nothing that can wobble your confidence even during the worst market crashes and situations.

Fear is basically the opposite of confidence, if you have confidence in your trades you won't fear them. Period. And the only way of getting more confidence in your trading is by learning as much as you can about every trade, coin, tool and anything that exist in trading.

Doubt and fear are the two things people will have when they do not know well enough about a subject. However wrong knowledge could be very hurtful as well, ignorant people thinking they know more about something than the real professionals of that job became a big problem in the world in the past decade.

Anti-vaxxers who think that they know what is good for you and what is not good for you end up saying you should not get any vaccination because it can lead to your death are people who ignore the fact that they just read some blogs while doctors spend decades learning how to develop that vaccination and somehow think that they are more well versed about vaccinations then those doctors. Long story short if you learn about crypto and trading in a wrong way, you are going to end up keep losing money and blame it on others and not take any responsibility.

wxa7115

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Quote from: perfect999 on July 05, 2021, 05:56:18 AM

Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

The only solution for fear? Knowledge, surely!

If you have good knowledge about the investments you make and the trades you do then there is virtually nothing that can wobble your confidence even during the worst market crashes and situations.

Fear is basically the opposite of confidence, if you have confidence in your trades you won't fear them. Period. And the only way of getting more confidence in your trading is by learning as much as you can about every trade, coin, tool and anything that exist in trading.

To this I will add experience, knowledge without a doubt is a must if you want to avoid making mistakes by letting your emotions take control of your actions but experience also plays a factor.

After all you could have all the knowledge of the world but if the market crashes just a little bit after you began your career as a trader then it is highly likely that you will make a mistake, but if you can trade for some time and you get enough experience under your belt then even when the market crashes you will be able to avoid to panic like everyone else and take the right decision for you at that particular moment in time.

perfect999

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Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

The only solution for fear? Knowledge, surely!

If you have good knowledge about the investments you make and the trades you do then there is virtually nothing that can wobble your confidence even during the worst market crashes and situations.

Fear is basically the opposite of confidence, if you have confidence in your trades you won't fear them. Period. And the only way of getting more confidence in your trading is by learning as much as you can about every trade, coin, tool and anything that exist in trading.

fullhdpixel

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Quote from: so98nn on July 04, 2021, 02:23:05 PM

I have seen people go crazy while trading and they have done nerve wrecking things. Putting a too much trust in the trading instrument can be harmful in the long run. Fear is obviously bad motion, but no one can control it as long as they are stubborn. But when it comes to the money, everyone has the weak point. Even the big players in the huge brokerage firm are always shaky while making bold moves. They know very well they are playing with the stuff for which people fight everyday. They know that's what we are working for every minute of life.
So trading with the fear or any other motions is completely natural. The only one thing we can do is, have "limits" to everything.

You are right, people who put too much money into trading are always prone to panic selling. If someone is trading with the amount of funds he doesn't mind or doesn't regret too much if they lose, then there will never be any panic settling into them. Putting too much money on the line is usually the problem and the more the money, the bigger is the fear of losing them.

Although gambling is very distinct from gambling the same rules follow in both, don't put more than you can afford to lose. It might sound amusing to some but trading can be addictive too because I have seen guys trading all day and buying just any coin and waiting for it to increase. If you are trading just any coin without knowledge and analysis, it's basically gambling.

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Quote from: so98nn on July 04, 2021, 02:23:05 PM

I have seen people go crazy while trading and they have done nerve wrecking things. Putting a too much trust in the trading instrument can be harmful in the long run. Fear is obviously bad motion, but no one can control it as long as they are stubborn. But when it comes to the money, everyone has the weak point. Even the big players in the huge brokerage firm are always shaky while making bold moves. They know very well they are playing with the stuff for which people fight everyday. They know that's what we are working for every minute of life.
So trading with the fear or any other motions is completely natural. The only one thing we can do is, have "limits" to everything.

Because we are human beings, not a bot that they feel nothing.
We will certainly be broke once suffering losses and sometimes we feel discouraged to continue trading. Our heart and mind had fully controlled us and if we think that was easy to change this and keeping on the positive side, I don't know as it was impossible.

The reality is that not all the time we are strong and we can decide the right thing. It is normal as nobody is perfect and you are right, we have some limitations.

so98nn

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I have seen people go crazy while trading and they have done nerve wrecking things. Putting a too much trust in the trading instrument can be harmful in the long run. Fear is obviously bad motion, but no one can control it as long as they are stubborn. But when it comes to the money, everyone has the weak point. Even the big players in the huge brokerage firm are always shaky while making bold moves. They know very well they are playing with the stuff for which people fight everyday. They know that's what we are working for every minute of life.
So trading with the fear or any other motions is completely natural. The only one thing we can do is, have "limits" to everything.

stomachgrowls

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Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

Being greedy sometimes is fine but too much is not good. To let go of that fear, have the right knowledge always because if you have this you’ll know what to do and you’ll not feel any fear because you are trading based on your analysis. In trading you should set aside your emotion and must focus only to what is important, good trader will never feel any fear because he understand the risk.

Too much of everything would really turn out to be bad or really a disadvantage for you because it would just simply mess up your entire trading or investment decisions.So dont let greed do overcome you no matter what the cost.

Fear is normal because we are just humans and we do value much of our money and even experienced ones do still able to feel fear with their investment specially on unexpected events that do happen within this market.

Once you do gain experience then these things would be gradually in good control compared when you are still a noob where you do easily freak out and panic which do in result on making mistakes
towards your trading decisions.

iv4n

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Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

Being greedy sometimes is fine but too much is not good. To let go of that fear, have the right knowledge always because if you have this you’ll know what to do and you’ll not feel any fear because you are trading based on your analysis. In trading you should set aside your emotion and must focus only to what is important, good trader will never feel any fear because he understand the risk.

I guess greediness and fear are two different characteristics! What more, one denies another! You can't be greedy and feel fear at the same time!

I think fear deepened on how how much someone risk! $100 is a fortune for someone, monthly paycheck, and when that someone trades with $100 he will feel fear because losing that money can hurt him a lot! While some people can feel relaxed with that amount, they can even be greedy and try to make a lot more!

We can't generalize this, we are all unique... different positions and different goals in the start... so we make different decisions! There's no only solution that works for everyone, it's about trying to find your own way with what you have! Looking at others can help, but it can be a trouble at the same time, to believe that you can do what others did already, that can be a trap!

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Quote from: Obito on July 02, 2021, 12:07:44 AM

The only solution that I think works best to dispel these fears in the market is to not be greedy because if you aren't greedy then there's no likely chance that you will end up with getting nothing out of it. Plus, you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

That is hard to maintain. Usually, traders that have greed, they'll be ending losing a lot. And to have themselves no greed.

It may take time. But it's also easy to see those disciplined traders because they know how to take profits, it may not be that much but they're all profitable.

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Quote from: jaberwock on July 02, 2021, 07:04:01 AM

Quote from: SquallLeonhart on June 25, 2021, 12:14:23 PM

no one should get into fear for exiting at stoploss because if we trade continuously with strong technical analysis then one trade out of ten, may get into stoploss as market volatility may breach our analysis time to time

Yeah, exiting at stoploss may happen commonly even we are a professional traders and/or trading very selectively. But the problems is, naive traders may not prefer to exit at stoploss because they are not ready to accept losses which may turn to lose all their capital rather than losing some 5% or 10% of capital. If they fully understand the purpose of stoploss then they will never get panic to exit.

Quote from: Obito on July 02, 2021, 12:07:44 AM

you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

Not just greed, all kind of emotions should be avoided to trade stree-free. Simply, when you are following all your trading plans then you will never get dominated by your emotions then you can trade stress-free which will definitely help you in right decision making.

Besides that, we should know when we must quit trading to stop trading at the right time. That can help us to prevent the loss and we can handle the emotion not to feel stress. The current situation still not good to continue to trade and it is better we have more patience to wait for what will happen with the market. Maybe we can prepare our money to buy bitcoin at a low price if the next moment will be down.

leea-1334

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I like to say this often and I will say it again,,, and OP mentions it in the post: nothing is more important than knowing when to get in and get out.

And this to me is not something that happens DURING the trade or after you enter a trade position. It is something you decide even before you get in.

When to get in is the price you want to buy/short. When to get out is your Stop Loss AND Take Profit.

So easy yet so carelessly ignored by even veteran traders.

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Quote from: SquallLeonhart on June 25, 2021, 12:14:23 PM

no one should get into fear for exiting at stoploss because if we trade continuously with strong technical analysis then one trade out of ten, may get into stoploss as market volatility may breach our analysis time to time

Yeah, exiting at stoploss may happen commonly even we are a professional traders and/or trading very selectively. But the problems is, naive traders may not prefer to exit at stoploss because they are not ready to accept losses which may turn to lose all their capital rather than losing some 5% or 10% of capital. If they fully understand the purpose of stoploss then they will never get panic to exit.

Quote from: Obito on July 02, 2021, 12:07:44 AM

you are stress free when you are not greedy since you don't have any fear and fear leads to anxiety.

Not just greed, all kind of emotions should be avoided to trade stree-free. Simply, when you are following all your trading plans then you will never get dominated by your emotions then you can trade stress-free which will definitely help you in right decision making.

Topic: Fear : The Debacle of a Trader (Read 710 times)