Topic: you need to overcome your fear of losing money - page 24. (Read 52919 times)
yes therefore we must set the strategy so we do not lose money.
There are quite a few Investors in Forbes 100 list but almost no day traders, or at least no one who exclusively day trades. In a budding market such as crypto currencies, buying and holding long term coins you believe would very likely be a much more profitable strategy rather than trying to squeeze 1-2 % profits every day by high frequency trading. Look for outsized gains in highly volatile markets.
Indeed. Suggest setting a target before you go into the market. Execute your plan regardless of what really happens. If price hits your target , buy or sell according to what you have previously planned.
Being a crypto addict is definitely like riding a rollercoaster everyday 
But then after a few time you get used to it and you take it more easily.
But then after a few time you get used to it and you take it more easily.
Failure or losing is part of trading, in all aspect you can't avoid that kind of matter, you only have to do is move forward and start for something brand new, and also losing experience makes you a better person, it help you to make all things become more easier if you face the same situation for the second time around.
of course you need to do it.
Because you won't take a stand through "the storm" ever again.
But we need to deal with it as minimum as possible.
Even though, sometimes it been jumping down too hard.
But, that's the risk if we play in trading, moreover cryptocurrency.
Suddenly up too high and down too low.
Because you won't take a stand through "the storm" ever again.
But we need to deal with it as minimum as possible.
Even though, sometimes it been jumping down too hard.
But, that's the risk if we play in trading, moreover cryptocurrency.
Suddenly up too high and down too low.
Overcoming the fear of losing money will surely help us a lot because this will give a comfortable thinking that everything will be alright and you need to set this kind of mind set especially to the people who want to start trading so if they get into situation that they need to cut loss then they will not think of it anymore.
When you invest in something, you need to be ready to face to the risks of your investment. Nothing are safety when it in the market. This investment can make owner become millionaire or broke. Therefore, overcoming the fear is the most important in business, if you really want to invest, this is thing you must to do.
i think losing or gaining considered part of the game. Just don't get frustrated and its really hard specially for beginners and you might to give up already. But you also have to spend time and ponder because even the greatest of investors experienced loses. Its how you battle the worst market that throw at you. You have to lost some money on the way to earning tons of it.and you also need to play with you mind I think it only hurts extremely bad for your first few losses. Then you'll realize what we're all talking about here about learning to live with gains and losses. Experiences really is the best thing you can have to become successful and losses teach you a lot more than gains.
When you invest in something, you need to be ready to face to the risks of your investment. Nothing are safety when it in the market. This investment can make owner become millionaire or broke. Therefore, overcoming the fear is the most important in business, if you really want to invest, this is thing you must to do.
i think losing or gaining considered part of the game. Just don't get frustrated and its really hard specially for beginners and you might to give up already. But you also have to spend time and ponder because even the greatest of investors experienced loses. Its how you battle the worst market that throw at you. You have to lost some money on the way to earning tons of it.and you also need to play with you mind start with money you can afford to lose, even if it's only 5-10 dollars, which is the lower limit on most crypto exchanges. Increase size as you see your winning accumulate.
Invest only with that money which you can afford to lose, and lose that much only which will not change your decision going forwards based on your this investment.
Of course, if you don't you can easily quit trading again and don't come back especially if you loose big time, so make that a priority if you really want to be a trader.
well risk is a companion of investment and trading is a form of investing and entrusting our money so if we cant work with risk better to stay away fromthis activity find other sources of income generating system unless you can eat that emotions then you can proceed and trade with a high risk at the back of your money just always be ready.
Of course, if you don't you can easily quit trading again and don't come back especially if you loose big time, so make that a priority if you really want to be a trader.
If you’ve ever made a bad business decision that has resulted in failure, congrats! Failure is a good thing. Don’t let your ego tell you differently.If you invested time and money into something that didn’t work, look at what you learned from the process. Use that knowledge as fuel to propel you forward. I always say that the more you learn, the more you earn.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
thats true. you need to level up your risk tolerance in order for you to make huge gain. the higher the risk the higher the return..
This is only possible for people who are used to money.
This is why only rich people will become more rich and normal people will gain at best some 10k
This is why only rich people will become more rich and normal people will gain at best some 10k
I agree. If you decided to trade, it already implies that you are willing to lose something. That is why you have to be careful on your investments.
We really need to overcome our fear of losing money ,because sometimes we must take risk in every decision in trading. If we failed that's a part of our success because no one has been successful without experiencing failure.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
That’s the thing about business or any other earning activities. It takes money to make money. So, when one is afraid of losing money then he or she will most likely fail to earn a good price. In order to earn big, we need to gamble.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
That’s the thing about business or any other earning activities. It takes money to make money. So, when one is afraid of losing money then he or she will most likely fail to earn a good price. In order to earn big, we need to gamble.
start with money you can afford to lose, even if it's only 5-10 dollars, which is the lower limit on most crypto exchanges. Increase size as you see your winning accumulate.
Yes it is important to start from such amount of money that we can easily afford to lose, In fact in very beginning we should start trading with a small amount of money because there are more chances of losing money while we do not have much experience in trading and investment. But when you get a good experience then you can in fact increase the amount of your investment. Jump to: