The 4 trading fears and how to overcome them - page 5.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Kasabus on February 03, 2023, 03:40:55 PM

Quote from: crwth on February 03, 2023, 01:50:35 AM

Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.

No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills and working strategies in trading, you will make your trade end up more positively.

Newbie or not, we are all really that having the feeling of fear towards our investment or on the time that we do make out some decisions because we are always having those doubts specially we know that it could

potentially a reason for us to lose up some money and this is why you cant really able to tell that you are the ones that could easily get rid of it.The main difference on here is that people does have different approach on things if we do compare to those people who do have experience and to those who are completely newbie.

Once you do have the experience then you do really know on what you should gonna do even you had been bothered up with emotions.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: crwth on February 03, 2023, 01:50:35 AM

Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.

No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills and working strategies in trading, you will make your trade end up more positively.

lionheart78

legendary

Activity: 2954

Merit: 1153

Aside from those four fears, we should also consider the other fear factor in trading. They are:

1, Market Volatility
2. Competition
3. Economic and political events.

In order to combat these fears, it is obvious that the right education is needed. Fears only happen to people who don't have enough knowledge about the stuff they are dealing with so we should always learn and study everything that has something to do with our trading asset and the possible trading strategies.

We can also look for mentorship, often times people who have more experience and knowledge than us often give the best advice that is suited for every situation. Just like what happen in our every day life, we should make a record of every activity of our trading experience. That includes success, emotion, thoughts, and any process done in our trading activities. Furthermore, the need for emotional control is also essential.

lixer

hero member

Activity: 2646

Merit: 586

Quote from: traderethereum on February 03, 2023, 01:03:24 PM

We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.

Those who FOMO don't take time to analyse but they just rush on buying on what is currently hot in the market. If we will rush analysing then it's better if we can't just analyse because that will still be useless. There are so many things which can go wrong if you will rush things. In trading, emotions is one of our enemies so we must learn on how to eliminate them.

There are bots which doesn't have an emotion but we can't jump on them immediately if we still don't know if what are the best coins that will work in trading. Not only bots are immune to manipulations and fuds but they can also help us to be free, I mean we can now trade automatically while enjoying our life outside.

virasisog

hero member

Activity: 1820

Merit: 537

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.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.

xSkylarx

hero member

Activity: 2352

Merit: 594

Quote from: Pandu Geddon on February 03, 2023, 09:12:46 AM

Quote from: Fondarchand on February 03, 2023, 09:01:52 AM

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.

A newbie that is using instincts in trading is like gambling; he is just guessing the trade and expecting that luck will hit him so that the trade will be good and he will gain profit, which is not profitable in the long run. Let's say that you get lucky on your trade since you win, but for sure in the long run if you don't have knowledge, you'll be losing all of your money. It is not just in trading; in real life, without knowledge, you are risking yourself or your money on things you don't know, so it is very useless. That is why you need to learn first before going into those kinds of things, as they are very risky.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: Fondarchand on February 03, 2023, 09:01:52 AM

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.

Fondarchand

jr. member

Activity: 259

Merit: 1

[center][font=ARIAL BLACK]═══

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

So the best thing is that just start from minimum amount of money after that just focus on price prediction, but keep in mind that if you does not win and loss your money then its not the end of trading but you initiate from this point. Another point is try to trade for lengthy period of time and do not involve in day trading but if you desires for the day trading then surely you have to pay attention, and enhance your knowledge for that.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: Viscore on February 02, 2023, 04:59:39 PM

Manage your fears, that way you will never be at loss. I believe there are always fears in trading but if you keep on settling with that without even finding ways to overcome it, you will always endure losses everytime you trade. That maybe the reason why most of traders end up quitting because they can never overcome the fears and just keep on trading while losing. But if we always do trading with caution, and continue to learn from our mistakes and losses, then we can overcome fears in the long run and be successful traders instead.

Of course that fear needs to be overcome, but the success or failure of a trader in making profits is not only because he is able to control fear. That's why trader is required to be able to understand many things including analysis and decision making, and in fact they are interrelated with one another. Sometimes all of this is easy enough to say, but out there people are really having hard time overcoming their fears about trading risks.

Overcoming the fear of risk by understanding many things is great way to minimize risk. It is not completely risk free although they can overcome any fears about risk because volatility is real thing.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: thecryptogandalf on February 02, 2023, 08:55:26 AM

4. Stay focused on the long term
Trading is a long-term game, so focus on long-term goals to stay disciplined. Every losing day can be a step closer to the long-term goal if analysed and learned from.

Kinda disagree with this. Day trading does exist and people who are really enthusiast and confident with their skill might interested to do day trading for profit. Sure it's not for everyone due to high risks but limiting yourself to long term is somewhat similar to holding, although you have to clarify what is "long term" in your opinion.

All the points are really good, but it takes time to actually learn and master those points. This is why people learn from their mistakes to make them stronger in the future, you can't do it in just a day and master it. Just don't be afraid if you lose as long as you can learn to not fall into same hole again.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: nidacoinlove on February 03, 2023, 04:06:40 AM

Fear is natural and in any case you have to face it. Before jumping in a trade it is essential to be prepared for the unsystematic risk, which is always there.
The important thing is time management one should focus on the entry and exit time. Only get into a trade when you see blood in the streets and it will work for you.

Fear is human nature and I agree it is very natural. But don't let that fear overwhelm us, that's actually the real problem. As you said that we must be able to control the fear that we feel. How to overcome our fears, namely by increasing knowledge about trade or investment. The more we have a lot of knowledge about what we are doing, the more we can control our fears. That's what I've experienced so far and made me a better trader or investor.

nidacoinlove

sr. member

Activity: 588

Merit: 254

Fear is natural and in any case you have to face it. Before jumping in a trade it is essential to be prepared for the unsystematic risk, which is always there.
The important thing is time management one should focus on the entry and exit time. Only get into a trade when you see blood in the streets and it will work for you.

cryptoaddictchie

legendary

Activity: 2100

Merit: 1321

Fully Regulated Crypto Casino

Fomo is the least I should do among it. Its like being lured in a trap that later on youll convince yourself that you shouldnt rush in something like this. We should learn to be discipline enough to buy only when we see a red on the market and some level hitting up a solid signal to buy and not just swayed by people on socials that it will be the bottom already cause no one really knew that. Its either do a decent dca.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: dunfida on February 02, 2023, 04:35:16 PM

2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.

All of those fears are connected but depending on which one is the most dominant the decisions taken by traders will be affected in different ways.

Those which more than anything fear being wrong will adopt strategies with a high degree of accuracy, this may sound like a good move on their part but the success of a trader is measured with dollars and not with their win rate, and they sacrifice profits as a way to increase their chances to win a trade, and this is a mistaken decision no matter how I look at it.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I have noticed that the fear of losing money is one of the things traders always want to avoid and they have experienced it many times but still don't learn from their previous mistakes. When the market price decreases and continues to decrease, they are worried that their money will decrease, making them unable to stand it and sell their coins at a declining price. That makes them suffer losses because they have lost their money. But if they don't sell the coin and keep holding it, they can get their profit back when the market price goes back up and sometimes, it can be several times the price they bought it for. They must be patient, waiting for the price to rise again and not sell their coins in a hurry.

Obari

sr. member

Activity: 602

Merit: 442

I buy all valid country Gift cards swiftly.

This is really a great issue of concern and your article really looks great because you took your time to talk more on these fears but I thought you were summarizing the original topic from the author but your post really looks very long maybe to me.
Traders should also know how to use their stop loss rather then letting bride make them loss money they would have had and I always agree that a good risk management is what actually makes a good trader and not over leveraging.
Traders should know when to pull out of a trade and when to stay in the trade, it is how much money you make and not how long you stay in a trade.

crwth

copper member

Activity: 2870

Merit: 1279

Try Gunbot for a month go to -> https://gunbot.ph

Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

Back when I started trading over a decade ago I read two books. One was called “Reminisience of a stock operator” and the other “trading in the zone”.

The first book was more for entertainment rather than learning trading strategies. It was crazy how stuff 100 years ago still works today.

The second book called “trading in the zone” was amazing because it was about trading psychology. If you read the first chapter you will get hooked and it will explain a lot about the errors we make in trading. It doesn’t teach technical analysis or anything it mostly about how to deal with fear and greed.

Smack That Ace

legendary

Activity: 1890

Merit: 1102

Free Free Palestine

Quote from: Finestream on February 02, 2023, 04:48:21 PM

Quote from: dunfida on February 02, 2023, 04:35:16 PM

2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.

If you have the fears on losing your capital, losing your expected profits, then you should not be trading in the first place knowing losing is inevitable in trading regardless if you are a veteran on this field. The fear of losing your money will lead you to be more greedy, and create dumb decisions that will eventually ruin everything you have started in trading. So learn to accept losses, as it’s also a part of the process to make you a successful trader in the future.

Although before trading or investing, all of us are aware that loss is inevitable, but once we really participate, no one wants to lose money, even though we have prepared in advance. Honestly, we will never control the fear of losing money, even for top traders, but experienced ones will quickly regain their sanity and find a way to make their money back lost. While the newbies will fall into despair or seek revenge in panic, thereby making the loss even bigger.

Topic: The 4 trading fears and how to overcome them - page 5. (Read 649 times)