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Topic: How to overcome my fear and how to start trading? - page 12. (Read 34724 times)

member
Activity: 490
Merit: 12
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
To have a headway as a trader I would recommend you to search for articles or ebooks about psychology of trading, its not about starting a trial with a small about of investment its more of  how prepared are you psychologically? in a situation of having consecutive losses how are going to deal with that? its a known fact that a working trading strategy do fail a times.I will advice you to do your homework  properly before embarking on a trading journey.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
to be able to overcome the fears that you have when starting trading I think it's very difficult if you yourself are not confident and cannot control the patience you have because in fact it all requires very high confidence and patience.
member
Activity: 546
Merit: 10
💲 EMIREX EXCHANGE 💲
In short, avoid allowing fear to make decisions for you. Define your investment or trading strategy. Learn about it. Know what you plan to do and why. Write it down to remind yourself. Consider how you can flip the situation and see it from a different perspective. The key to overcoming loss aversion and other predictably irrational tendencies is to identify them, understand them, and create a system for dealing with them that works for you.

but even so, the panic of prices that will fall to a lower level often makes us very eager to cut-loss, and thinks later can take another opportunity in another coin / token, and the incident can happen repeatedly, especially if at that time it happened to be bearish on bitcoin which would certainly affect the altcoin
hero member
Activity: 1190
Merit: 500
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.


You should be brave and willing enough to take the risk in trading and investing. Better learn about all the basics of trading by eagerly learning all the fundamentals of it. Trading need a lot of braveness and patience so you better learn how to handle your emotions.
Is nonsense starting without any ideas or knowledge regarding to the risk that you will going to face in, be aware that the more risk you take inside
this business the more gains also that you will acquired, what matters here is how you can deal with it with full confidence, knowing your advantage
and allowing yourself to explore and learn can motivate you more facing your fears.
of course you need knowledge and skills first before starting, without that of course the risk will be very large. You're right if you are more expert then when you take greater risks such as a larger allocation of funds, of course your profits will also be greater then, need patience and courage for it..
full member
Activity: 420
Merit: 100
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

do not rush to start trading, do research about coins that you want to trade and do not be greedy in trading because usually greed can bring bad luck. for daily trading it's good you only take 5-10% profit.
full member
Activity: 518
Merit: 100
I think to be able to overcome the fear you have, you can do other useful activities for example, you can do activities with your wife or family.
If the loss can make your life worse, then your fear can be explained. Maybe, it is better not to risk - stay away from trading. In case that you are eager to try this activity, find the other traders and have a talk with them.
newbie
Activity: 28
Merit: 0
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

The best way to overcome fear and anxiety is practise. Try demo trading to get a hang of it.
Then when you feel you have sharpened your skills enough, you can now go live, bht start small, risk little capital, and only increase when you're registering consistent gains.

And there must be losses. Even the pros lose at trading, just try as much as possible to minimize your losses.

Short-term is the only form of trading, long-term is called investing.
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
If you are afraid you should start testing and refining your skills with paper trading. Once you are consistent enough with your trades and feel comfortable placing trades you should slowly start on a real money account. Start small and as you gain more traction you can increase your bankroll. Keep in mind: risk management is king! Always set your stop loss and profit taking levels through your analysis.  Wink
hero member
Activity: 1092
Merit: 501
You can avoid your fear in trading by investing very small amount or the amount which is completely affordable for you to lose,then just do trading just like the gambling if you don't have any knowledge but you will learn from your mistakes once you started but long term trading is good to start initially for the beginners.
But do not you think that trading that way is a completely waste of time? In order to make any kind of significant profits out of this market then this means that you need to put at risk an amount money that is important for you, if you do not do that the chances of losing all your money are zero but the chances of making a lot of money are zero as well.
sr. member
Activity: 672
Merit: 250
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.


You should be brave and willing enough to take the risk in trading and investing. Better learn about all the basics of trading by eagerly learning all the fundamentals of it. Trading need a lot of braveness and patience so you better learn how to handle your emotions.
Is nonsense starting without any ideas or knowledge regarding to the risk that you will going to face in, be aware that the more risk you take inside
this business the more gains also that you will acquired, what matters here is how you can deal with it with full confidence, knowing your advantage
and allowing yourself to explore and learn can motivate you more facing your fears.

Exploring lot of ideas cannot be done all alone, but you need to lean on other experienced traders who could teach you out everything. And as you're going to learn from time to time, don't just rely being spoon feed most of the time. Absorb what's the best knowledge, because if you don't acquire it nothing will happen but a failure. If you have full skills and knowledge it's easy for you to overcome fear at any certain scenario.
sr. member
Activity: 518
Merit: 251
In short, avoid allowing fear to make decisions for you. Define your investment or trading strategy. Learn about it. Know what you plan to do and why. Write it down to remind yourself. Consider how you can flip the situation and see it from a different perspective. The key to overcoming loss aversion and other predictably irrational tendencies is to identify them, understand them, and create a system for dealing with them that works for you.
hero member
Activity: 1302
Merit: 540
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.


You should be brave and willing enough to take the risk in trading and investing. Better learn about all the basics of trading by eagerly learning all the fundamentals of it. Trading need a lot of braveness and patience so you better learn how to handle your emotions.
Is nonsense starting without any ideas or knowledge regarding to the risk that you will going to face in, be aware that the more risk you take inside
this business the more gains also that you will acquired, what matters here is how you can deal with it with full confidence, knowing your advantage
and allowing yourself to explore and learn can motivate you more facing your fears.
member
Activity: 308
Merit: 10
AMA BCT
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
I think you should start investing now in small amounts. Take the $ 400-500 range to start investing in something you like. You can spend 2 days analyzing the market, after you understand how the market works, you will know what you should do with your money.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.


You should be brave and willing enough to take the risk in trading and investing. Better learn about all the basics of trading by eagerly learning all the fundamentals of it. Trading need a lot of braveness and patience so you better learn how to handle your emotions.
full member
Activity: 406
Merit: 100
Fear can be to die with experience, you just need to understand that some of your reactions dont give a result. Next it is  work on self control on the practice.
legendary
Activity: 1106
Merit: 1000
Start with small amount and learn about trading first before you try it. Indeed trading have the risk but it's not mean you will always fail if you do that, you should try to know your skill in trading and learn how to control your emotion especially in red market. Don't be affraid of something that you've never done, just try it.
Take risks.You will never learn lessons in trading if you never try it by yourself and are afraid of taking risks.Since day trading is more risky than long term holding,i suggest that you should be more patient and more focused on the different movements of the coins in the market so you will know the right timing to start day trade.
legendary
Activity: 966
Merit: 1000
This is a rhetorical question, you actually already know the answer because you should be the one who knows yourself better than others. Okay I will share my own way, if I am afraid then I’ll count one to three while breathing air and release it quickly so I won’t think of anything.
hero member
Activity: 2968
Merit: 640
In my opinion, I want to overcome my own fear of no other way than to face it daily. At some time you feel tired tired, the fear does not stop you anymore. Of course, confronting fear is not something that we will not fear but will only make us braver in certain cases. In short-term investment, if you want to succeed as I must know take a loss. It is one of the most important skills of venture capitalists
Like most professionals here always say, the only way to overcome your fear is to face your fear.
However, there is no way you will face your fear and not fail if you are not well equipped for it.

A lot of people always think they really do not have much to learn when it comes to trading, but this is something that is highly technical, and the technicalities within this space is even more complex than others.

Hence, in this regard, I believe anyone who is really ready will need to learn very well and practice with at least fake funds or little money so as to build the confidence and learn from mistakes made during this process before even entering the real trading world.
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
Only allocate a very small amount for your trading as you're quite new, and as you're still in the learning stage. Just so it wouldn't affect you that much if you lose your trades.  You're very unlikely to make money while still starting out anyway.
to start trading on crypto or bitcoin, my advice is your first get to know what it is bitcoin and how the market bitcoin work, from the start increase and decrease in the price, strategy, you should be able to read more or looking for how to trade for newbies so that you don't get a loss of

Yes you are right, being knowledgeable is very important in this industry in order to avoid losing a huge amount of investments due to panicking in the market.
full member
Activity: 490
Merit: 100
Start with small amount and learn about trading first before you try it. Indeed trading have the risk but it's not mean you will always fail if you do that, you should try to know your skill in trading and learn how to control your emotion especially in red market. Don't be affraid of something that you've never done, just try it.
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