Topic: Fear : The Debacle of a Trader - page 2. (Read 710 times)
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.
It is possible to reduce fear if you learn trading techniques and then move forward. It is never possible to reduce losses by trading without knowing anything being able to overcome the fear is able to realize the validity of any problem to be successful in any business you need to have the ability to make the right decisions at the right time. And for this it is important to be a person of right thinking in addition to having knowledge about the business it is essential for the money management business to have knowledge on all these issues to solve any complex and difficult problem.
SOLUTIONS TO FEAR IN TRADE
1. Be stable and determine to take your chance based on your strategy. Stable and determined in sense you don't just trigger when you are not suppose to do and to trigger when you are to do so.
2 Don't depend on luck: Trading is different from gambling. Trading has all the guidelines you need in fundamental and technical analysis
3. How to get in and out: You need to understand your trading strategy, know if and follow it, that small voice that guides you and your pattern needs to be followed
4. Don't forget your money management and stop loss: This point is important, I have seen a trade in profit without analysis but you are not scared because you have applied this point and have put exactly how many percent of your capital you want to risk in the trade.
I have to obey my trading rules based on my tested strategy thus avoiding trading blindly. I also bear in mind and calculate my profit taking zones on my chart these are support and resistance zones thus getting out of a trade once I earn some profits.
Some people are having an opinion that trading is gambling which is absolutely untrue while others says trading is a calculated guessing whatever be case knowledge in both TA and fundamental analysis has always favors a trader to have an edge over the market.
Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions. It is actually hard to avoid being thrown away by FUD though because positive news can be avoided but when you hold a coin and negative vibes are coming about it from the social media and blogs, it is hard to contain yourself and hold.
be needing to stood off on your own analysis rather than on following into someones calls which i dont see for it to be worth but you can somehow get some small details which you can make use of your own.
Doubts and anxiety is part of the process because of the behavior and being unpredictable of the market then its just normal to have these kind of emotions or impressions.
You should really make prepared on things like these where it do mainly involved with emotion.
Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions. It is actually hard to avoid being thrown away by FUD though because positive news can be avoided but when you hold a coin and negative vibes are coming about it from the social media and blogs, it is hard to contain yourself and hold.
Fear is something been always a part since we are just humans and we do value that much when it comes to our money which its normal that we would really be mindful on our actions.
Even it is a basic characteristics of every human, when it is not helpful in decision making then we should not consider light as it may lead to complete collapse of our trading plans in the end. Hence, even fear factor is something we do come across everyday, its consequences are really terrible as once a trader emotionally not good then may start failing to take timely decisions due to market pressure.i'm a trader and most of the time, it's fear of the dump getting even lower that makes me hesitant to make logically good decision.
You must work on controlling yourself for not to be panic for any reason while trading and for consistently sticking within your pre-determined trading plans. Decision making must be the prime factor on finalizing our outcome of trading hence anything disturbing it, should be addressed with all attention immediately. 
Fear is an emotion that tend to control your mind and action for self preservation- in this case, capital presevation! I do not think an individual will be able to break free from fear as it is natural for you to express fear in the face of danger! However, fear can be used to achieve your goal! For example; fear of losing your money on shitcoin investing can puch you to invest in bitcoin and buy more bitcoin when opportunity of low price occur!
when it comes to crypto investing, most of people are most afraid of volatility and bitcoin also has it, the reality is,most of people are gonna hesitant to buy the dip when bitcoin gets dumped even though it's bitcoin we are talking about and I doubt this kind of capital preservation mechanism gonna make people buy more and more bitcoin.
Instead people are compensating their fear with good portfolio management, that way it reduce the risk while at the same time keeping people's fear at bay,
i'm a trader and most of the time, it's fear of the dump getting even lower that makes me hesitant to make logically good decision.
is really there anytime because it cant really avoided when you are really in fear or in hesitance to do so because the price could really go down even more which is a common reaction.
Fear is something been always a part since we are just humans and we do value that much when it comes to our money which its normal that we would really be mindful on our actions.
So this do actually talks about risk taking of a certain individual because it wont really be the same on each of everyone.
Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions. It is actually hard to avoid being thrown away by FUD though because positive news can be avoided but when you hold a coin and negative vibes are coming about it from the social media and blogs, it is hard to contain yourself and hold.
Fear is an emotion that tend to control your mind and action for self preservation- in this case, capital presevation! I do not think an individual will be able to break free from fear as it is natural for you to express fear in the face of danger! However, fear can be used to achieve your goal! For example; fear of losing your money on shitcoin investing can puch you to invest in bitcoin and buy more bitcoin when opportunity of low price occur!
when it comes to crypto investing, most of people are most afraid of volatility and bitcoin also has it, the reality is,most of people are gonna hesitant to buy the dip when bitcoin gets dumped even though it's bitcoin we are talking about and I doubt this kind of capital preservation mechanism gonna make people buy more and more bitcoin.
Instead people are compensating their fear with good portfolio management, that way it reduce the risk while at the same time keeping people's fear at bay,
i'm a trader and most of the time, it's fear of the dump getting even lower that makes me hesitant to make logically good decision.
Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions. legendary
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Very good point mate, a very good advice for serious traders, funny enough, I stopped day trading cus of fear, maybe I allowed that fear take the better part of me, and each time I read a post like this, I get this feel and zeal to go into day trading again, but then, this things are easier said than done 😂😂.
Though in my days of day trading, I didn't really take it seriously like a professional would, so cus of this, I dont have much a trading strategy, and I can also link this to some percentage of laziness but fear of loosing money takes the most part, one thing I understand about fear in trading is that it's gonna take a lot of work and time to finally get rid of it, and this is when can comfortably and confidently enter the market without any fear of loosing even when he or she eventually looses, he or she sees it as a money that has sworn to be lost and simply move on to the next trade, I think until one get to this stage, trading won't be much fun as it ought to.
Though in my days of day trading, I didn't really take it seriously like a professional would, so cus of this, I dont have much a trading strategy, and I can also link this to some percentage of laziness but fear of loosing money takes the most part, one thing I understand about fear in trading is that it's gonna take a lot of work and time to finally get rid of it, and this is when can comfortably and confidently enter the market without any fear of loosing even when he or she eventually looses, he or she sees it as a money that has sworn to be lost and simply move on to the next trade, I think until one get to this stage, trading won't be much fun as it ought to.
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but then, this things are easier said than done 😂😂.
This is not true friend. Looking through your post too I can see you still know that you have not done a lot of work on it or given your time to trading. Until you have made time to build your self which will give yo you adequate experience from your rise and fall from losses then you can still be having the notion of easier said than done. It is your experience that will help you to understand the market, the spikes (that usually take traders out on stop loss lol) candlestick and the whole of technical analysis and sentiment of the market.
Trading is passion and if you don't have passion for any endeavour, you can likely fail or managing yourself on it and it is better not to manage trading but to give time to it. Challenges will come but you can go over it with experience. Fear can be worked on by reducing risk.
Only those traders who are not good in experience and in technical analysis might be getting panic when they are having open trade.
Yeah, when we are good at trading skills then we will never get any fear on uncertainty of market conditions. But, when I am entering a position after strong technical analysis but market breach my levels then I will get fear about hitting stop loss. I mean even we are good at analytics, there must be something else needed to stay calm because market may not move as per our speculations all the times.But being a trader in crypto markets, 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; we could not do anything about that.
SOLUTIONS TO FEAR IN TRADE
1. Be stable and determine to take your chance based on your strategy. Stable and determined in sense you don't just trigger when you are not suppose to do and to trigger when you are to do so.
2 Don't depend on luck: Trading is different from gambling. Trading has all the guidelines you need in fundamental and technical analysis
3. How to get in and out: You need to understand your trading strategy, know if and follow it, that small voice that guides you and your pattern needs to be followed
4. Don't forget your money management and stop loss: This point is important, I have seen a trade in profit without analysis but you are not scared because you have applied this point and have put exactly how many percent of your capital you want to risk in the trade.
All these four different solutions could be summarized into like this: gain experience to get rid of fear factor while trading. I mean when you are good at technical analysis along with sufficient experience on different market condition then you can easily tackle the fear while trading crypto. Only those traders who are not good in experience and in technical analysis might be getting panic when they are having open trade.1. Be stable and determine to take your chance based on your strategy. Stable and determined in sense you don't just trigger when you are not suppose to do and to trigger when you are to do so.
2 Don't depend on luck: Trading is different from gambling. Trading has all the guidelines you need in fundamental and technical analysis
3. How to get in and out: You need to understand your trading strategy, know if and follow it, that small voice that guides you and your pattern needs to be followed
4. Don't forget your money management and stop loss: This point is important, I have seen a trade in profit without analysis but you are not scared because you have applied this point and have put exactly how many percent of your capital you want to risk in the trade.
Fear must be one of the vital emotional failure, all the traders are experiencing more frequently. But we can easily tackle this by experience on different market conditions and having good analytical skills. Hence, just improving ourselves is the key to handle fear factor in trading.
Fear is an emotion that tend to control your mind and action for self preservation- in this case, capital presevation! I do not think an individual will be able to break free from fear as it is natural for you to express fear in the face of danger! However, fear can be used to achieve your goal! For example; fear of losing your money on shitcoin investing can puch you to invest in bitcoin and buy more bitcoin when opportunity of low price occur!
legendary
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Still can't control my fear until now. I am not active trader because i keep getting fear when price keep down, sometimes i know how to minimize risk, but my fear when price down in trading altcoin and holding bitcoin only sometimes really different to feel. Maybe about control emotion is different each other between people.
I tried something that worked for me in the last when I was actively trading, when I encounter the downtimes of the market simply withdrawing from trading at the moment helps alot. You can try something similar and watch out for the outcome.
You just have to ignore you trading platform (website or app) totally and try as much as you can to avoid reading the fuds causing the decline of the market. To make this strategy more effective, you have to be using funds you're ok with losing (that's your spare funds).
Everyone has their own way of approaching the market, but maybe when the market goes up quickly everyone gets excited, but once the market drops dramatically, not everyone has it they are confident enough to overcome their fear, they will usually cut their losses to minimize the amount of money lost, so they are extremely scared.
Well honestly if you can't be assed to actually manage your fear, you might as well stop trading. Or, your filthy rich, hence why you don't really need to manage it at all since you can afford your losses. Though tbh, fear of losing money shouldn't be a fear at all. In the market, it's a fact at this point. Never expect to NOT lose money when trading. You'd always lose some. The goal of trading isn't to profit 100%, it's to have a higher ratio of profits compared to your losses imo.
And fear of taking a risk.
With so much fear associated while trading, fear of taking a risk is one of those emotions that cant be prevented. Especially when you are at profits but you are afraid to take the risk and doesnt believe on your own instinct and turn against the risk. Remember that a risk taker succeeds in trading.
Not every risk-taker survives in this highly volatile and untrusted market. I called it untrusted not because I think bitcoin will die but because any coin can be listed at any exchange and it might or might not have a good future so due diligence is crucial in the crypto market and taking calculated risks is the right way of approaching and investing/trading new and unknown coins.With so much fear associated while trading, fear of taking a risk is one of those emotions that cant be prevented. Especially when you are at profits but you are afraid to take the risk and doesnt believe on your own instinct and turn against the risk. Remember that a risk taker succeeds in trading.
I would even say that having fear can sometimes benefit you because it prevents you from taking unwanted risks. As a trader risks must be based on analyses and not luck or feelings and once you have analyzed a particular coin in depth, you will either have full confidence investing in it or you will just know that the money is not coming back ever if I invest in this coin.
I can relate to most of the fears you have mentioned but if you look at the bigger picture, it all happens because we are trading without knowledge and without proper capital and its management.
You mentioned the fear of not taking chance but it only happens when you are not sure how much you want to invest in such risky prospects. If you manage your capital properly and know which part of the capital or what percentage can be allocated towards risky projects and what amounts needs to be traded within solid pairs, then you will almost never have the same fear again. There should be a backup plan as well about how to recover the funds lost in risky investments because it will at times bother your decision making if you don't have a solid plan of recovery.
Some good points and I think planning is the most important part of trading, most of us started trading without certain planning and goals in our mind.
You mentioned the fear of not taking chance but it only happens when you are not sure how much you want to invest in such risky prospects. If you manage your capital properly and know which part of the capital or what percentage can be allocated towards risky projects and what amounts needs to be traded within solid pairs, then you will almost never have the same fear again. There should be a backup plan as well about how to recover the funds lost in risky investments because it will at times bother your decision making if you don't have a solid plan of recovery.
Some good points and I think planning is the most important part of trading, most of us started trading without certain planning and goals in our mind.
It is very easy to get manipulated, and the most common is the news, many people buy or sell because of the news, these are the tools used by the whales to achieve manipulation.
But also that is the right way to trade, because manipulation or not, the market does move, and the key for traders is not to be swayed, but to identify where the sway is going,,, and move in that direction. We have to be aware of our capabilities, and certainly we are not whales, so we have no choice but to follow. Getting the emotions right is exactly as you say they crucial part so we act according to analysis of where this sway is happening and not merely THINKING but arriving at conclusions:)
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