Topic: you need to overcome your fear of losing money - page 20. (Read 52929 times)
Yes, second that. I mean, the first rule when putting money into crypto should be anyways to only put in the money that one is willing to loose - completely, if everything would go south. But also when having money in, its very important to know in what we invested here: a very small, volatile market, building on cutting edge technology, that is still in its infancy. Within this market, we will only make money if we dont panic and learn to control out emotions. Its totally normal to loose money on swings, dips, corrections or even crashes, but we should invest in the long term here anyways!
Trading is very risky and the experienced traders know this fact already, so they overcome their fear of losing money, because they invest only what they afford to lose, and they study carefully the coins to trade or buy before investing, so they minimize the risks.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear and losing a trade is part of a trader's life. Having fear is also useful when it comes to trading.
Personally fear has made me loose so many opportunities, but taking too much risk can get you out of the market faster which is even worse than not making any profit. Best to calculate your trades, take the profits when you can, and be defensive.
Yup, this makes me realize that this type of business is like gambling, You deal money which you can afford to lose, it means there is no 100% assurance that our money will increase smoothly. I can't accept my hard earned money will become a bubble in an instant. May be we should think and understand deeply how to become a successful trader.
Couldn't agree more, the way of fear losing money make you hesitate every time you wanna buy something
Losing is definitely part of trading and it’s all about having the resiliency to shake it off and try again. Don’t get me wrong, it’s definitely not okay to have losses but you’d encounter it from time to time. For each loss you should learn something of value and avoid having the mistake on your next attempt. In order to have resiliency, you should only trade what you can afford to lose, cause if you lose everything, what else are you going to work with?
So you are saying that committing mistakes are normal and we can learn lesson from it. Well, I agree to you somehow because it is a part of our life but this doesn't mean that it's okay to make mistakes over and over again. I believed that we can also learn without having an encounter of mistakes.
Every step must be accurate for you to earn and avoid losses in trading, if you fail and become careless then that's alright, forget what you lost and just focus on recovering. Though it's very upsetting to lose money, at least you already learned a lesson and all you can do is to make sure that it won't happen again next time.
I also make some mistakes while trading, I once forgot the "Buy low, Sell high" rule because of panic after a big drop on btc's price. Luckily, I only lost small amount and now I already learned my lesson and never happened again.
Every step must be accurate for you to earn and avoid losses in trading, if you fail and become careless then that's alright, forget what you lost and just focus on recovering. Though it's very upsetting to lose money, at least you already learned a lesson and all you can do is to make sure that it won't happen again next time.
I also make some mistakes while trading, I once forgot the "Buy low, Sell high" rule because of panic after a big drop on btc's price. Luckily, I only lost small amount and now I already learned my lesson and never happened again.
In My online trading history I’m lose around $10000 then I’m stop my trading and just analysis my fault , why I’m lose money so I’m found what is my fault then I’m analysis coin market and got a best place to learn trading that is babypips.com and I’m learn how to trading here then I’m overcome my all lose.
I agree, and - as I said in another thread - part of the secret of success in trading is to have a money reserve to stay in the game.
Most of the traders put all they have on the table, and if they lose it...bye bye!
Most of the traders put all they have on the table, and if they lose it...bye bye!
In theory I can understand, but... what can you do if you don't have family money, or some kind of reserve?
I think that risk is a part of the game, and if I lose all... well, at least I tried :-)
I agree, and - as I said in another thread - part of the secret of success in trading is to have a money reserve to stay in the game.
Most of the traders put all they have on the table, and if they lose it...bye bye!
Most of the traders put all they have on the table, and if they lose it...bye bye!
You're right. Loss is a part of success. From 2016 to the present I lose a lot. But then I made a double or triple the amount lost. Right now the loss of a transaction is too normal for me. It gave me a lot of experience and made me wise 
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.
This is really true and a must in order to have a great investment in different investment vehicles because if you already overcome your fear of losing money then you will have a peace of mind and a comfortable feeling and you can go long term without having a doubt or any fear because you already know and overcome it very well.
I totally agree with that, fear most of the times lead you to make wrong decisions, and to be honest, i'm a little away from trade these last months exactly because of that.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear and losing a trade is part of a trader's life. Having fear is also useful when it comes to trading.
When i first experience trading i was afraid to lose even if it small that's why sometimes i don't success in trading because i panic because i might lose my balance. When i always trading that's the time i learn new things that don't rush things. I have overcome my fear in losing money because if i did do it i will not be able to trade with confidence. If we fear of losing money then trading is not meant to us.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I agree that loosing is part of successful trading if we did not experience loosing we will not be a good trader and loosing is the best teacher. With loosing we can manage our emotions in the next investments we are going to invest.
Losses and failures are generally useful not only in trading. They help to learn those who treat them with dignity. You can not avoid losses in trading. But you should always try to limit them and understand what leads to them.
If you are strong enough and smart in the present time then you will take wise decision for investment and trading as well so it is not a problem for you you can put all your funds in several coins and some amount in the top ranking bitcoins. if you lose the value of one coin there will be the profit from other side and you will not fear of loosing money.
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