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Topic: Those that hate risks! - page 10. (Read 1505 times)

legendary
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May 26, 2020, 05:18:38 PM
#10
You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.

I think that this has to be rephrased a little. Nobody loves to lose money. The tricks are: to trade only money one affords to lose and to gain more than he loses overall (else sooner or later he'll have to find better ways to make money).

But you seem to be missing the big picture. There are plenty of ads telling how easy crypto trading is and how easy will one get rich almost overnight. Many people don't understand that an ad is not necessarily true, especially on the internet and many just get their money from referrals. And many trade or invest their lunch money (if they are "lucky") or the money that should "feed" their entire family for a month, or their retirement money, and the list can continue.
legendary
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May 26, 2020, 05:09:42 PM
#9
You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

That's the reality and I agree on that point.

Trading might be a money generator to others but that's also a money-losing method if a trader does it the wrong way. But losing is part of trading so that's usual. As long as traders can maintain their good winning compare to losing, everything is fine.

But how to maintain that winning? Remove doubt, fears, and take the risks. There is no easy money so challenge yourself to reach the top.
legendary
Activity: 2912
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May 26, 2020, 05:00:36 PM
#8
I don't fully agree with what's been said.
Everyone hates to lose the money, even the most successful traders, but what it's important is how you handle the loss and if you are prepared for it.
That is why risk assesment is very important and you should never invest more than you can afford to lose.
As long as you are aware that loss is inevitable part of trading and that you always need to.have recovery and back up strategy that works, you are all fine.
legendary
Activity: 2548
Merit: 1873
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May 26, 2020, 04:42:33 PM
#7
~snip~

The best way to see the trade is as a business, similar to any traditional business, with the difference that the ROI in this case is much faster, some businesses calculate to obtain 20% to start the profits from the 3rd year, in the trade you can get 30% almost that in a single movement, the important thing is to see it as a business with profits in the medium or long term but that is safe.
legendary
Activity: 3094
Merit: 1127
May 26, 2020, 04:34:34 PM
#6
You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

Easy to say but actually a hard thing to get rid of, im also a forex and stock trader for how many years and due to experience you will surely mold up that kind of mindset or discipline on making yourself fearless or emotionless when it comes to scenario but somehow there are really situations that you cant really avoid not to react even how pro or veteran you are.Why? we are just human and do have emotions even though you've been here on this market for too long you cant still guarantee that you wont make any mistakes. Investment do always matter on how much you do risk on and if you dont like to risk or losing money then its just normal for you to stay away but to think, what would be the only way for you to make profits? by risking of course, you will
still end up on the same path.
sr. member
Activity: 1988
Merit: 322
May 26, 2020, 04:25:20 PM
#5
Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
It seems too hard to access your points; but I cannot ignore the facts you are trying to convey. I can understand your 9 years of experience from your statements still I believe trading is all about making more profits than the losses. I can get you this way only. What is the point of trading if we keep losing and making profits at same level.

You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
So far, my understanding about the fear factor is not something different from your view as I treated fear as one of emotion failure and I do believe only courageous traders are able to risk more to get more rewards. Yes, I agree only when we remove fear then we can find more opportunities. People who are afraid of losing capital should not trade at all.
full member
Activity: 573
Merit: 102
May 26, 2020, 03:36:45 PM
#4
You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

In as much as being able to take risk contributes to being successful in any form of trading, i'd say taking calculated risk or risking the cash you can afford to lose is the proper go-to strategy. I've seen a lot of people burn up their portfolio all in the name of following the cliché "THE BIGGER THE RISK, THE BIGGER THE RETURN". I always trade by, as well advise people to take calculated risk because once you burn your entire portfolio, you won't get the chance to try again another day.
hero member
Activity: 2072
Merit: 656
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May 26, 2020, 12:37:49 PM
#3
You are right. If we want to be successful in trading, we shouldn't be so afraid and even hate the risks. We must know that the risks are always there, they are something unavoidable. The right way isn't being afraid but knows it well how to handle or deal with the risks. We can minimize the chance of getting the risks if we know how to prevent it.
Ucy
sr. member
Activity: 2576
Merit: 402
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May 26, 2020, 12:19:57 PM
#2
I agree.
People could however minimize risk  by learning to trade and trading with little amount, or what they can afford to lose until they have mastered the business.
Fear will be reduced if you don't take too much risk with money and you will be more relaxed in the the course of learning.
In the end good traders would be making more and losing less.
newbie
Activity: 6
Merit: 1
May 26, 2020, 10:05:15 AM
#1
You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
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