The 4 trading fears and how to overcome them - page 4.

jokers10

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Quote from: Silberman on February 06, 2023, 11:00:46 PM

...
some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses
...

It's not only about correlation between the amount of money with which you come to the market with the possible losses, it is also about that different funds mean different strategies in trading and investing. If you come with 10 dollars you usually have very few options to where to go with them, but if you come with 100 billions it is the same: most small assets are too small to play with. So traders of different size should have different strategies and they make own mistakes not all of which can be didactic for others.

Xampeuu

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Quote from: Oilacris on February 07, 2023, 06:55:51 PM

Quote from: Silberman on February 06, 2023, 11:00:46 PM

Quote from: AnonBitCoiner on February 06, 2023, 07:59:40 AM

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.

Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.

taking lessons from our mistakes is a top priority as long as we process in the world of trading. if necessary we always record each of our transactions so that later we will always remember the mistakes that have been made, that way we can try to fix them, and if things like this go on continuously then we will have trading intuition by itself so that we can feel the characteristics of the market that is being happens, it's all obtained not in an instant way

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Quote from: Silberman on February 06, 2023, 11:00:46 PM

Quote from: AnonBitCoiner on February 06, 2023, 07:59:40 AM

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.

Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.

Bushdark

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There are some many fears in the market and I still don't know which one we have to fear the most.
Trading is just like a career and making if the good and pro traders in the market are passed through what it takes for them to get to that level.

fear of losing is one of the major problem that all especially newbie traders are facing and if it continues a trader might not be confident in the analysis they make. They will also stumble on unnecessary decision that will make things to fall apart.
When I was a newbie trader, I do imagine how many traders are so confident in the trades they make.

Silberman

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Quote from: AnonBitCoiner on February 06, 2023, 07:59:40 AM

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.

Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

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Quote from: bitgolden on February 06, 2023, 11:48:03 AM

Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.

Pretty simple , just manage all of those fears...

And convert it to profit , step by step .. you might find yourself in the right direction , just face every obstacle and find a way , being incorrect predicting is just normal .. the one that not normal is when you do incorrect predicted multiple times and you learn nothing , that's the start of the problem.

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Quote from: ningrum on February 06, 2023, 10:04:28 AM

Quote from: GreatArkansas on February 05, 2023, 08:18:45 PM

Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.

Even experienced ones do really suffer out with that kind of fear on which when the market is plumetting then it cant really be avoided for you to be in fear that this market would be going to the floor and you would be losing on your investments.Come to think that as long you arent selling then it cant really be considered out as a total loss.Overcoming your fears is a must but this is the thing you would be able to control it out
on the time that you do gain up sufficient experience here on the market.You cant really make yourself directly able to learn on whats around specially when you are a noob but on the time
that you are gaining sufficient experience then you do know the diffence.

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Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.

ningrum

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Quote from: GreatArkansas on February 05, 2023, 08:18:45 PM

Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.

AnonBitCoiner

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Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.

Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Alisha-k

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It is a natural phenomenon for a trader to have that fear of not wanting to lose money because it builds their consciousness to stick to their plans and strategy. But when this fear is done in excess it will definitely result in losses because at that point the mind is clouded with fear and it is the beginning of losses.

blockman

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It's human nature that we don't want to lose especially in money. That's why many are being stopped by that fear and they don't want to proceed because they're scared out by the risk that they've seen. But those that are wanting to pursue and are okay to look at themselves with failure and losses, they're the ones that are likely to succeed. It's a trial and error and they can learn from those failures that they'll meet along their trading journey, we understand that it's important to experience it or else we'll just stay where we are right now.

BitcoinPanther

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Quote from: crzy on February 03, 2023, 04:23:51 PM

Quote from: virasisog on February 03, 2023, 12:51:26 PM

Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.

Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.

True, emotion cloud a person's mind and reasoning. Emotion also triggers greed, FOMO when the market is moving too well, and panic selling due to fear of lossing when the market collapse. Fear and excitement are the factor that always affect the situation if a trader is poor in handling his emotion. We must learn how to control them if we can't shut them off.

Quote from: GreatArkansas on February 05, 2023, 08:18:45 PM

Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

There are successful short term trader. I think deciding for a long term or short term are all depends on the situation. A tradee must learn to be flexible, single focus is good but what if it isn't working as expected? We must learn to adjust and retarget our goals.

jokers10

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Quote from: GreatArkansas on February 05, 2023, 08:18:45 PM

...
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

And that's why we should share information about crypto and how is wrong trading in crypto. Because many even in this forum consider crypto as only a magic trading asset with which they will get as much income as they'd probably not earn for a whole life. Staying calm and self-collected and having all info we need is a real value in any investing or tradind and in case of highly volatile assets it is even more important.

As for me I'm not still enough for active trading and it is good that I know that. So I lose much less then could. Grin

GreatArkansas

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Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

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Quote from: samcoin on February 05, 2023, 06:00:40 PM

Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.

what more can i say. you will only feel fear if you have no certainty on what you are doing. the more knowledge you have in this market, the less fear you will feel, instead you will feel you are ready to face any battle you will encounter of. fear is only for the weak, but all of us can feel such emotion at one point in our life. if we feel such emotion, contemplate on why we are feeling that way. face it and you will understand the reasons. if you know the reasons, that's when you will start addressing your situation.

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Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.

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Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

3. Fear of leaving money on the table:

The fear of leaving money on the table is a tricky one, as it often arises when we’re in a winning trade. It’s tempting to hold on, hoping to squeeze out even more profits. But this can be a dangerous mindset that can lead to ignoring stop-losses and exposing to unnecessary risk. After all, you don’t have a crystal ball (and aren’t an FOMC member), so you should not expect to buy the exact bottom and sell the exact top.

By having a predetermined exit plan, we can lock in profits, manage risk, and avoid emotional decision-making.

Embrace discipline by having a clear exit strategy that balances the desire for profits with the need for risk management. Trust your strategy and stick to your plan to be in a better position to capitalize on future opportunities.

Fear of losing money I think it is possible to pass that stage with experience because an experience trader understand that any order can turn out to be wrong even with the clear positive signal, so on this I don't regret if I'm outside and I understand that there will be more clearer signal and opportunity to make profit.

The aspect here is early exit. This is what I could regret sometimes but on a second thought I get excited if I'm actually running off with some profit because being satisfied is better than being greedy.

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Quote from: thecryptogandalf on February 02, 2023, 07:55:26 AM

1.Fear of being wrong:

The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.

Actually, if we are able to manage this fear to be wrong, we can be more careful, wise, and selective in every consideration and decision to take. It is not really wrong at all to think like that because moreover the newbies or all of us will probably need certain analysis and ensure that our decision is not wrong. This is needed and much better than doing it in hurry with less carefulness. I know that being too afraid and too long to make any decision will probably make us lose our chance, but doing it without any consideration and even in still doubt will also not be good for us. So, it is better to be more careful.

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Quote from: virasisog on February 03, 2023, 12:51:26 PM

Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.

Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.

Topic: The 4 trading fears and how to overcome them - page 4. (Read 672 times)