Fear : The Debacle of a Trader - page 3.

Lakai01

legendary

Activity: 2282

Merit: 2717

Top Crypto Casino

Quote from: ebinoosha on June 20, 2021, 03:36:03 PM

in trading terms you should always trade till you have a stable strategy and a good winning percentage
-snip-

However, even professional traders do not have a "good winning percentage", they are also usually 49% wrong. But this one percent difference makes the profit.
To advise a trader to continue trading until he has reached a "good winning percentage" will not work, if then only with an extreme stroke of luck, but the probability of this is rather in the range of a lottery win.

Ziskinberg

hero member

Activity: 2926

Merit: 636

For campaign management look for Little Mouse!

Quote from: henmark on June 19, 2021, 12:03:02 PM

I think the first step in defeating fear is determination. First of all you have to be determined, because that’s what keeps you going all the time. Then you have to know your level of resources (how much you have) and cut your coat according to your cloth. That’s very important , because some people tend to go above the level of risk they are supposed to take, and if they happens to lose, it renders them useless for a long time.

So, it is best to do things in the right, have your plans, in case things should go the wrong way, you can always pick up from there and keep moving.

If you have limited resources and you just only depend on the profit result of your trades, extreme fear could be possible to show up. It becomes uncertain to control such emotion, I know that kind of feeling when you are desperate enough because you are not able to reach your goal. That it makes sense to know first our capabilities and to know such limitations.

ebinoosha

jr. member

Activity: 34

Merit: 1

the thing about fear is that always do what brings the fear repeatedly, in trading terms you should always trade till you have a stable strategy and a good winning percentage. you dont run from what you fear else it will continue to be your nightmare.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

All by nature before being traders, we are human, and there are certain things and feelings that make us human beings and relatively very imperfect, and those imperfections are what are punished in the market.

One of those are:
1.- Panic.
2.- Emotions.
3.- Be manipulated.

Panic is one of the most difficult feelings for the human being to control, sometimes such feelings cannot be suppressed, however there are ways to be able to decrease it, such as having confidence and believing in one's own analysis.

Emotions are the other feelings that can betray us, many traders when they see that their currency rises, what they do is buy without seeing the price, hoping that it will rise more, that is, they enter so as not to lose the movement, and what can happen can happen. On the contrary, that is, the market goes against you, it is very common, bullish traps and bearish traps, over time you gain more experience and become more veteran, and you can learn to try to control those emotions.

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.

henmark

sr. member

Activity: 783

Merit: 270

I think the first step in defeating fear is determination. First of all you have to be determined, because that’s what keeps you going all the time. Then you have to know your level of resources (how much you have) and cut your coat according to your cloth. That’s very important , because some people tend to go above the level of risk they are supposed to take, and if they happens to lose, it renders them useless for a long time.

So, it is best to do things in the right, have your plans, in case things should go the wrong way, you can always pick up from there and keep moving.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: palle11 on June 19, 2021, 05:23:15 AM

Quote from: 1l1l11ll1l on June 19, 2021, 02:23:59 AM

Quote

Fear from not taking your chance

This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.

No... An experienced trader would have seen almost or same occurrence repeating itself, so taking the good chance for profit shouldn't be a fear for such trader.

Here are some of the qualities of an experienced trader:

He understands that when making a trade order, he is calling for profit or losses

He is able to read the chart and to recognise a repeated happening and goes for the kill.

Such trader uses money management and stop loss.

Yes, FEAR is just for those who are new to trading, it is for those who are afraid to lose.

He becomes a pro trader because he understands the risk and able to manage it so well. He takes everything of what will be the consequences he faces, either be a loose end or in profit. And aside from that, he knows already his capabilities, he can do trading without any complaint about losing as he already aware of that.

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: 1l1l11ll1l on June 19, 2021, 02:23:59 AM

Quote

Fear from not taking your chance

This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.

No... An experienced trader would have seen almost or same occurrence repeating itself, so taking the good chance for profit shouldn't be a fear for such trader.

Here are some of the qualities of an experienced trader:

He understands that when making a trade order, he is calling for profit or losses

He is able to read the chart and to recognise a repeated happening and goes for the kill.

Such trader uses money management and stop loss.

Coin_trader

copper member

Activity: 2758

Merit: 1163

Leading Crypto Sports Betting & Casino Platform

Quote from: ipanks on June 18, 2021, 04:46:21 AM

Quote from: irsykes on June 17, 2021, 02:11:01 PM

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.

You do not need to worry because you can learn more about controlling your fear when you trade. Sometimes I also have that feeling when I trade, but I am trying to minimize the risk so I do not lose much money when I lose in trading. Of course, controlling the fear will not be easy, but people who trade in the market need to solve that before the fear becomes bigger.

Maybe you can try to learn to calm down, especially if the market move in the opposite direction from what you predict and try to set cut loss so you can prevent the big risk.

The reason why traders experience fear on trading is because of lack of confidence. If you are confident on your trading especially on token thta you buy, You will not fear in case the price go on opposite direction since you know that it will recover soon. You should just determine first the time frame of your trading before you start buying because some coin is fit for long term and short term investment.

1l1l11ll1l

legendary

Activity: 1274

Merit: 1000

Quote

Fear from not taking your chance

This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: Fivestar4everMVP on June 17, 2021, 09:38:32 AM

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.

Quote

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.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: irsykes on June 17, 2021, 02:11:01 PM

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.

You do not need to worry because you can learn more about controlling your fear when you trade. Sometimes I also have that feeling when I trade, but I am trying to minimize the risk so I do not lose much money when I lose in trading. Of course, controlling the fear will not be easy, but people who trade in the market need to solve that before the fear becomes bigger.

Maybe you can try to learn to calm down, especially if the market move in the opposite direction from what you predict and try to set cut loss so you can prevent the big risk.

leea-1334

hero member

Activity: 2240

Merit: 953

Temporary forum vacation

Quote from: el kaka22 on June 17, 2021, 10:30:21 AM

A simple technique to overcome the fear factor is, just gaining experience on every trading scenario. When you are getting practice to different market conditions then you will slowly become brave against market which may help to get rid of all the fears of trading. Demo accounts must be playing vital role in gaining experience but most people never consider it and directly get into live markets.

That does not sound like technique,,, it just sounds like gaining experience;) And experience in crypto definitely needs to have the full cycle. From the early days of rally to the super bull run, and then the following two or three years of extreme crypto winter.

And it needs to be active in all those phases of the cycle.

maxreish

sr. member

Activity: 1330

Merit: 326

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.

irsykes

sr. member

Activity: 1444

Merit: 273

Vave.com - Crypto Casino

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.

conected

hero member

Activity: 1302

Merit: 503

Quote from: el kaka22 on June 17, 2021, 10:30:21 AM

All emotional out breaks are leading to debacle and not just the fear factor.

Trading is a test for both emotion and analytical skills and if you are not good in either one then you may not get consistent results.

A simple technique to overcome the fear factor is, just gaining experience on every trading scenario. When you are getting practice to different market conditions then you will slowly become brave against market which may help to get rid of all the fears of trading. Demo accounts must be playing vital role in gaining experience but most people never consider it and directly get into live markets.

- The demo account only represents a very small side of this trading market, instead of saying that it will give us experience, we should say that it is just a basic exercise in understanding the feeling and opportunities in trading, this emotion really can't be compared with fear of real loss and facing real fluctuations. The experience to overcome emotions and close emotional rifts is something that can only be learned through long-term exposure to the market, need destruction to recover, not passing the test will be the end

el kaka22

legendary

Activity: 3500

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

All emotional out breaks are leading to debacle and not just the fear factor.

Trading is a test for both emotion and analytical skills and if you are not good in either one then you may not get consistent results.

A simple technique to overcome the fear factor is, just gaining experience on every trading scenario. When you are getting practice to different market conditions then you will slowly become brave against market which may help to get rid of all the fears of trading. Demo accounts must be playing vital role in gaining experience but most people never consider it and directly get into live markets.

Fivestar4everMVP

legendary

Activity: 2226

Merit: 1049

Leading Crypto Sports Betting & Casino Platform

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.

Questat

hero member

Activity: 2800

Merit: 603

Quote from: palle11 on June 12, 2021, 08:21:49 AM

...

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.

This is a common problem for most traders. They just forget everything in just a single mistake and become hopeless.
Perhaps, many were saying it was easy to manage losses but deep inside, it was the hardest thing to follow.

I can remember my old days in trading and I can still remember I lose a big chunk of my capital for a single trade because I underestimate the market. No, we can't and this it is how to apply the risk-management and must have to put this seriously.

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: seleme on June 14, 2021, 04:21:49 PM

Well explained, the main difference is mental control between gamblers and traders. Some traders ignore the main plan and go for risky leveraged trades due to greed or fear of missing out potential opportunities. Having a trading plan and avoiding accepting risky trades will not guarantee high returns on investments but it also avoids the deep losses in long term. Experienced traders can manage the emotions and they know there will be other opportunities if they miss one.

Your response is cool but where you talk on fear of missing potential opportunities is where I could hit on.

Quote

fear of missing out potential opportunities.

If we talk of potential opportunities, then I don't think fear of missing out comes in. Fear of missing out is when you see an opening that you may not be sure of but yet you want to go in so that you are a partaker of such profit if turns out to be profit. Is like example you are not sure of the depth of a river, yet you are joining others in the swim. Again or whether a river is hot, warm or cold water but because others are swimming in it (with their strategy), you also joining without having good plan for it.

dunfida

legendary

Activity: 3052

Merit: 1129

Quote from: ?? on ??

That's investing in general but the fear could be significantly decreased by real planning and not setting the expectation too high.
I was one of those weak hand that gonna dump at the slightest of fud and market dumping but I've grown out of that with planning by setting the buy order and sell order at certain target and also knowing that I could lose anytime.
The problem with newbie that easily afraid are they expect their investment to grow from thousand dollars to hundred thousand of dollars within short time and when the dumping occurs they afraid of losing their money which doubles their fear.

That is indeed a newbies most common fault that's why they won't recover from their investment because they think they will be rich if they stay for too long and that's the greed is holding them to sell when it is the right time. Newbies should have to practice trading with a reasonable amount of money and don't let their emotions control what they already have planning to do. If newbies don't have plans when trading then it is more likely going to fail but they should expect loses already when trading and learn from the other or their own mistakes.

Topic: Fear : The Debacle of a Trader - page 3. (Read 641 times)