Topic: you need to overcome your fear of losing money - page 18. (Read 52919 times)
Yes right thats one of my fear thats why i dont invest too much on trading.. we all knew trading involves risk so winning and losing are the 2 options you will face so need to be more confident first before making decisions on trading.. For me ill just risk my extra money on trading not my personal in my pocket... As many says invest only what you can afford to lose
Yeah emotions must be thrown away while trading and the fear of losing is among those emotions. In theory everything is ok but when you trade is hard to keep it, so because it is hard it makes you a professional.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Losing happens with all sort of trade, though you were experienced or have good knowledge about it. In my view one can be considered successful in trading when he has the ability to minimize loss or avoid loss even during times of hard financial crisis. With bitcoin it is very hard because price fluctuation occurs without any notification.
That's right. Losing is always a part of trade. No one is perfect, and no one has all the knowledge that would help them actually decide on which trades would actually work best. Losing, I think, can be seen as a good thing because it has a lot of potential to teach someone and give him or her good experience, which can help that person with his/her future dealings. As they say, "experience is the best teacher", and if you consider losing as an experience, then you could probably get a lot of good things from it even at the expense of some of your assets at times.
I agree. The first consideration is to accept the fact that losing money is part of the game. No success is purely success along the way. Surely there are rough roads that will help mold you to become a better businessperson than you were yesterday. Hence, you should not be afraid of risking losses. Be brave in adversity because it is through it that you improve your trading prowess. No one is born an expert for everyone is a work in progress.
Best of luck to all your trading endeavors!
Trading is a proper job and profession. You need to work hard in order to understand it in a right way. There are so many strategies that are used by expert traders time to time for gaining good profit with fluctuating crypto market. Losses are part of life, you can never ever appreciate profits until and unless you don’t go through losses. Indeed, never ever take losses on heart, rather learn from them and move on. Best of luck to all your trading endeavors!
Sometimes, in order to gain big things and better we should feel like loser sometimes and experiencing it is such a big hurt for us knowing that its all wasted in just once. But in order to win more we must also lose and found a better one.
Very well said, that is really true we need to overcome our fear of losing money to be more good enough in trading, because losing our money is part on doing trading, so we need to overcome it and make it a motivation to became more expert and to became more great.
if you want to become a good trader then you need to over come fear of losing because if you have worry about losing then you will never be able to do trading and be remember that for a good trader you should have a quality of risk taker. if you are a good risk taker then you will never fear of losing money and if you have no fear then you can become big trader.
I remember my professor saying that those people who have succeed in their life are those who decided to take a huge change and risk, and I humbly agree with him. I think that it can also be applied in trading because I also took risk when I decided to start trading. I have no knowledge nor any idea about so I try to learn the basic things about it until I tried and learn from my own experiences. Honestly, not all trading and traders are always successful so there is a big challenge if you will continue trading after losing and taking the step to try again is a risk already. Moving on and learning from your own trading experiences will help you become a good trader and a successful one so don't be afraid of losing money. 
if you want to become a good trader then you need to over come fear of losing because if you have worry about losing then you will never be able to do trading and be remember that for a good trader you should have a quality of risk taker. if you are a good risk taker then you will never fear of losing money and if you have no fear then you can become big trader.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I agree to the fact that losing is a part of successfully trading. Failure is part of our life and through those failures made us strong enough to face the different consequences of our actions. If a newbie is planning to deal with trading process then it would be better to spend a small amount of money for the first trial and just for the experience. If the newbie win in the game then he/she must be lucky enough to deal with trading process. Having enough knowledge will help you a lot.
I agree with you about these philosophy. When we can learn from our mistage that can make up, but if we still the same we will be most stupid creation. never forget to make that failure to cultivate our spirit to keep learning and thinking.
There are different types of bitcoiners here. Not all are willing to lose money and I am one of them which is why I never tried trading because loss is juxtaposed to trading already. Fear of losing money is not so bad at all, in fact it made me look for other alternatives of earning which just requires some of my time and no money out. But if you are an aspiring trader then this definitely must be one of your favorite motto, somewhat a gambler' motto but this is real.
The basic rule for me is " worry more about your los than profit"....and it works for me, it may not work for you. Whatever that works for you in trading, stick tight to it
No risk no gain. When you start trading set aside a portion of your fund, so that even if you loss while trading it wouldn't affect you much.
I think there is not a single person on this planet who never made any wrong decision. But it doesn’t mean that we should loose our faith and forget about winning. It is not some 100 m race where there will be only one winner and that’s it. It’s a long marathon in which everyone who is just standing, will get some points in the end and will be a winner. If you are away from trading for last few month, then you can imagine yourself about how much you have lost in these months.
When you can not afford to lose, then trade is not your land. As long as you learn from your past experience and lose too much, and then move to each body, you lose your awareness of trading again after you learn, and then start making money on it.
That is true,because sometimes business doesn't have to do with gaining anyway.
there are risk worth taking which may warrant you loosing your cash
there are risk worth taking which may warrant you loosing your cash
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You are correct! We should not afraid when we are investing our money in trading, I am sure that we are aware that trading is not an easy job so it is really necessary that we have many knowledge before we engage in trading. Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You are correct! We should not afraid when we are investing our money in trading, I am sure that we are aware that trading is not an easy job so it is really necessary that we have many knowledge before we engage in trading. Losing is part of successfully trading. If you treat losing as part of trading then you are an experience trader.
[quote ]
Yes in betting you need to overcome to lose your money so that you will win on that game. As well as in trading also you have to bet your capital with confidence that you can make it so that you will succeed and make profit. You need to be brave and strong with strategic thinking.
[quote ]
Yes in betting you need to overcome to lose your money so that you will win on that game. As well as in trading also you have to bet your capital with confidence that you can make it so that you will succeed and make profit. You need to be brave and strong with strategic thinking.
Totally agree. You can have the feeling of fear, because that also helps to not get crazy, but at the same time you need to overcome it. Means that you need to be cautious but step forward.
But at the same time, once you are holding bitcoins is also very important to know how to store them proper, be responsible with what you are holding. And another important thing I believe it is to have registered annotations (in paper and pen and keep it in a safe place) informing your loved ones with all the information about your crypto coins. For example if you are using exchanges, wallets and the specifications about your devices. Just in case, if something happens to you, you can be sure that this value will not be lost and the people you care can count on it.
But at the same time, once you are holding bitcoins is also very important to know how to store them proper, be responsible with what you are holding. And another important thing I believe it is to have registered annotations (in paper and pen and keep it in a safe place) informing your loved ones with all the information about your crypto coins. For example if you are using exchanges, wallets and the specifications about your devices. Just in case, if something happens to you, you can be sure that this value will not be lost and the people you care can count on it.
It's a hurt lesson. I used to win a lot on my first time trading. That make me conceited them when the market went down, I trade in blind and loss all my money.
Jump to: