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

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.

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.

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.

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

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

I followed point 1 very strictly with my own strategy I don't entertain any fear of losing once I pulled the trigger and I am always conscious of placing my Stop Loss at the appropriate place. 
 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.

Even though they do really make some big effect but it cant really be just for you to skip those news and sentiments since this could neither be helpful or not on your own analysis and of course you would really
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.

News is very influential, it could really change your mind if you read and feel it seriously, that is why I skip them but have to focus on a thing that I can be more on the positive vibes. FUD and FOMO had surrounded us, but if we trust crypto and ourselves, it can't affect you for sure. It is a matter of how we respond to them if we know what we are doing and understand the nature of trading, FUD, and FOMO had made no sense. This is all about our mindset and we must have to control our emotions.

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.

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.

There are people whom do really say things like it was just really easy specially on the time where the market is really very bearish on where they do keep telling that they should buy on the dip but actually the hesitance
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.

It is relatively easy to avoid FOMO if you take some time and do research whether what's been said about a particular project is right or not. There was so much FOMO about Shiba Inu and out of nowhere, everyone was talking about it. I felt so excited and feared that I might be missing out on a potentially profitable coin but once I visited their website, no mention of their team, no ready to use product, and telegram group filled with people talking moon but without logic, I quickly realized that this is just hype created by supporters and admins.

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.

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.

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.

one thing you said which I perfectly understand and agree on is that trading is a passion, and if one doesn't have the passion, then it will be very difficult to do, this is true because I know that before one becomes a pro in trading, he or she has to have to passion to learn to trade first, without passion, how can one learn except forced, which isn't the best ideal way to become a pro in something, so lets just say i personally lack the passion and patience required to lean and become a very good trader.

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.

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.

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!

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.

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.

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.

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:)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

- 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

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.

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.

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.

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


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.

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.

When it comes to investing in trading strategies to get good returns from traders you must wait patiently. If you can't control your emotions you will be at risk and lose everything therefore you have to invest and hold on until the price goes up even if the price of cryptocurrencies goes down it will go up again we have to move forward with faith. The bull run is slowly taking place in the market and the prices of the currencies are going up so long term investment is needed if there is a possibility of more damage it is better to keep it closed for now.

Fear of looking out to your coin going to zero. This has been one of the greatest FUD in my opinion years ago. When people talking about bitcoin going to zero and applied it as well for the other good coins.

But for the traders, they can do something to solve this as they're always watching out to the market. Luck isn't a big thing in the market and I agree to you that traders and investors shouldn't depend on it.

If you are referring to opening post, I don't think I can see the abbreviations used there. Meanwhile, FOMO is not new to traders and for the other abbreviations you pointed, they are not found on the open post, do where did you find FFNYT or FONMTM as abbreviations?
If you mean"Fear of not milking the market
" as FONMTM, well you decided to abbreviate it as such, I wasn't looking at abbreviating though.

Please lets not confuse begginers more rather to help and guide.

Not into some motivational quotes but we can all say that the summary of being a trader whether you are losing or winning is subjective depending on the tools, strategy, personality, and schedule you currently have. These "debacles" and the solution for these problems may be simple but in reality, applying these tricks would take a lot of courage and experiences to master.

Just want to share this post in twitter that I found a few days ago. Hope this helps and inspires you for another long day of trading.



Source: https://twitter.com/CJT2013/status/1390728136808009729/photo/1

After reading this, I realized that there are a lot of things that are evolving for us. A lot of terms are now popping up. The most common one is FOMO, and now you have (number #1 in your list) FOLO or FOLOIAT. You are renaming FOMO into FFNYT. FONMTM is just taking the terms broader. It's getting funnier and funnier with the different abbreviations.

Everyone has different ways of dealing with these so-called fears and learning how to deal with your own while learning how others cope up is a great way to solve those issues.

1. Did it happen to me? Yep back in the days. Day trading days. It was hella rough because I was keeping on buying a lot of coins to trade at. One I notably remember was ADA and you know the top 2. I bought a lot and turned on my indicator. Just watched as my trades go down miserably.

2. Could apply to me when I was misinterpreting Bitcoin back in the days.

3. I am kind of long term trader so this kind of not applying to me, but it could be at some point that I take the opportunity to sell a little bit from my portfolio whenever the opportunity comes up to sell. Although most of the time I hodl.

One of the most important thing that you should know is to handle out ones emotion because this factor could really affect your trades in any angle not only
with the decisions that you would make but also into the ways on how you would execute your trades.

When you do gain experience this is the primary thing that you would really able to develop or enhance as you do engage with the market on where you would really get used to engage with moving prices and its normal that you would really be that emotional.

When fear is starting to creep out specially on dumping or seeing your portfolio in reds then thats the time you would surely panic but if you do have some experience then you would able to handle it out.

Managing one's emotion is a very vital skill in trading that a lot of people overlook when trading cryptocurrencies. But it doesn't have to be that way. Having a trading plan is one way to manage one's emotion since you always want to stick to the plan regardless of what happens. Which is a very hard thing to do. Most situations make it difficult to stick to our trading plan. If we are able to take care of our emotions and follow trading rules, trading should  would be a lot more profitable but like I said, it's a difficult skill to learn.

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.

Some people actually gamble on trades! It might shock or surprise you as to how can this be, where does it happen but yes, it does happen. Even if you don't seem to observe it.

Gambling in trades is when you actually jump in a tradeable take a position without some obvious analysis. Most people who fail in trades are victims of this sort of strategy, they just jump on and start hoping for the best without any prior knowledge of that markets condition for the day. Its really wrong.

You can never over come fear with that sort of trading pattern. Each step along the line, it builds up because, nothing is ever sure to you. Its just a trier and error, hoping you get lucky.

I feel this you said as your challenge. I suggest to you to reduce your risk to profit, try little trades to build your confidence level and keep studying your strategy with time your FOMO will go away.

Always remember in trade that you either lose or profit, you have this in mind always and allow your trade to run as you have analyzed. Price won't start going your way most times.

Avoid multiple trading and entering same trade multiple times because you don't need to "fight" the market. Good luck to us all as we keep learning from each other.

Now that's exactly what's happening to me in these days. I am always in a FOMO. I plan my strategy and I wait for my entry point.
But as soon as the price goes a little down after buying I exit the trade. This happened almost 4-5 times now and I have exited the trade sucking up losses.
Yeah I know it's completely my mistake but I am trying to control my fear. I know I will overcome the fear soon and start sticking to my strategies.
Thanks for making this post and motivating traders like me.

Experience is the best teacher. This applies to traders too. Indeed, some people have different abilities but whoever it is if he wants to know and is willing to learn he will succeed. Likewise with trading, if all this time you depend on other people's signals then that's bad. You need to learn to be independent, understand what you are doing and not depend on others.

I think that it is even better to be self taught than depending on someone for copy trade or call groups that are not realistic. Most successful traders have been those that are self taught and that can be because of the rise and fall witnessed in trying to master the market with that you gain more and better experience in analysis and reading market movement also. Learning by ourselves is better and good but we need to do that gradually with little capital or demo trade like in Forex trading.

Did you know that as long as we are engaged in crypto trading, we are not only looking for trading strategies, as stated in the thread, we also often look for videos, articles with examples of keywords "how to become a reliable trader and can control emotions when trading so as not to panic" . how nostalgic we were on this day and it can't be forgotten until now.

it's true, how many tips, ways to forgive and all methods to feel safe in trading are done. but to be honest it was not easy for us who were only self-taught at that time. it is experience that has given valuable lessons that there is no right method unless you have to go through a long experience to get to this point.

I would not limit this to (Forex) trading only, but this applies everywhere where you want to win something and hope to gain an advantage (increase of money, defeat an opponent, ...). You can see this very well in sports, for example, as soon as a tennis player throws away his nerves and lets his emotions get control over him, he will most likely lose.

It is no different in trading and a total control of one's own emotions (fear, euphoria, ...) is extremely important to avoid short-circuit actions and to end up with a loss.

And don't forget why you are there for. Profits.
Falling in love with coins that keeps on rising that looks like it has no end could also be a risk.
I have made that kind of error because of sweet words from following their telegram group.
I didn't realize I was already holding the coin for a long time and forgot that I should be selling and buying it.
Most of the errors come from that case, and I think staying away from it could also help to keep the plan in a straight path.

The scenarios OP described here can easily be likened to what happens in forex trading and it's apt. When that fear mixes with excitement (of winning in a trade), it becomes emotion. Emotion is the greatest problem traders have, not even faulty trading plans. When active trades don't hit the spot traders want them to (even when they will eventually do) it causes most emotional traders to abandon their trading plans. Number one on the quoted list is called FOMO in crypto parlance. The first thing every trader has to get rid of should be fear at all levels before risking that capital.

For a trader in this business, fear is a big treat to your winning or losing a trade and whether you like it or not, it is there in our daily trading but it is in different degrees.
Sometimes fear helps you to be happy at the end of the close of trade by the time it pushes you not to click the trigger of sell or buy which later turned that it would have been a lost trade and likewise while you didn't trigger the buttons and it turned out to be a profit trade and you go regretting, that is what fear can do both ways.

FEAR IN DIFFERENT LEVELS

1. Fear of losing out in a trade: This kind of fear is the type that makes your fingers nostalgic or feeble until you trigger the order. The reason you eventually trigger it is because you feel you don't want to stay outside the trade while it "builds profit" but the funny thing about this is that most times when you rush in into such trigger, the market direction immediately changes against you 
Lol, does it happen to you? And the next minutes you are out in loss. Fear factor right ? It pushes you here and there, not good for trade.

2  Fear from not taking your chance: This is another level of fear for me as a learning trader. This level, you see glaring chance to make good trade on a short time but you are not sure whether to go in .

3. Fear of not milking the market: See as a trader, there are times that the market present you an opportunity to take back if not all your losses for the week but a reasonable amount of it but that fear of reversal of direction won't allow you to stay longer and fill up your profit adequately. You rather choose to run out and you watch like a cat outside while price keep filling your existed direction. That's fear, unfortunately you regret outside.

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.