you need to overcome your fear of losing money - page 45.

richardsNY

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Quote from: blackhawkeye1912 on April 04, 2017, 02:53:28 PM

Quote from: Idrisu on December 03, 2016, 02:33:11 PM

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

You can never be success in trading if you will avoid to experience the feelings of being loss in the gambling. Because true trader face a lot problems of being lost most of the time in doing trade in the platform exchanges.

Solid traders don't face a lot problems. If they would, then they aren't solid traders (or true traders in your own words). Difference between those solid traders and traders that haven't got any real experience is that they make more winning than losing trades. As trader you can't avoid going wrong with certain trades, but the thing is that they make enough profits with their winning trades, that they catch up losing trades without any problems. For them it's nothing more than collateral damage.

pinkpanther03

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Quote from: grandy on February 17, 2017, 09:36:59 AM

Quote from: romero121 on February 11, 2017, 10:40:48 AM

With bitcoin nothing is assured or predictable. So every user has a small fear of losing money due to the price varying often. Personally I never thought of the varying price and fear for it. I fear of losing money while gambling, because I have felt myself unlucky due to the losses taking place often.

in fact in every king of trading and investment we have the same situation. but i think we can overcome the fear after getting good experience in trading. knowledge and skill is also important factor of overcoming fear in bitcoin.

You are correct pal! everything in this industry, need an experience first before you become good player in this business. Due to if we have that we can share something about our experience which we knew it is really a process of learning to overcome our fears. because if not our emotion would be the number one reason for us to go down.

blackhawkeye1912

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Quote from: Idrisu on December 03, 2016, 02:33:11 PM

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

You can never be success in trading if you will avoid to experience the feelings of being loss in the gambling. Because true trader face a lot problems of being lost most of the time in doing trade in the platform exchanges.

Salazarian

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Quote from: stadus on April 01, 2017, 12:27:44 AM

Quote from: Kevin77 on March 31, 2017, 04:22:07 PM

Quote from: (altair) on March 31, 2017, 11:46:03 AM

of course you should overcome the fear of losing money specially in trading,
You could never gain some profit if you are so scared to bet some.

There are traders who are sharing like being scared saved them from unexpected fluctuations. So, getting fear of loss may work to warn you also. But instead of depending on these inner thoughts, just depending on our skills on analysis will help us in much better way.

Less emotion and more skills is what you need in trading, you are playing with the number here and all you need to do is make your mind work not your heart. You cannot be emotionally as your mind will be affected, just decide based on the facts that you read so you can come up with and reasonable judgement.

yes it is one of the most difficult job to control our emotions in trading but i think those people who have good control over their emotions then they can really show good result in trading.

Labumi

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Quote from: alexsandria on April 01, 2017, 08:12:59 AM

Quote from: shasta09 on April 01, 2017, 05:54:53 AM

When i started gambling online i was always like at the dark of so scared to lose the money that which i want to use to gamble. There and there at first what they called beginners luck was by my side. The longer run, comes the losess the busts the frustrations . Then it just came to me, said to myself this is gambling and if i wanna win big then i should bet big. Same as goes with TRADING, its just that trading requires a lot more than self awareness. : In short overcome the fear of losing money and make it to a point that, no matter h9ow sure you are gonna profit from a trade or something never ever forget the 1% that could change everything . = big lose

Intitiating gambling and trading isn't too easy for someone specially when there is no one guides you. This is the most difficult and painful stages of learning. However, once you have experience that, expect that ot can be lessen and you can earn more rather than you lose. It ks upon on person in how he would applied what he had learned.

Yup, indeed gambling and trade have a high level of risk so it can give a negative impact when users do a bad thing or not in accordance with what is usually done by those who succeed when doing trade or gambling. But keep in mind the key of success is all we do (gambling or trade) is patience and self control, if that's all you can get then everything will allow to make you win

dothebeats

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Learning how to play with your risks to gain maximum profit is one of the best things in trading. You got to get that brain really working when trading and to have your feelings idle since it can really trigger bad trades most of the time. If you are still afraid of losing money you wouldn't go anywhere aside from doing the same shit over and over again just to have some money in the end.

pecson134

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In dealing with trades you should not fear losing money because that is how trade works. If you fear investing money on those and always avoiding risk you have nothing to gain also. Learn gow to take risk but with your analysis included.

delliaerd

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Quote from: OrangeII on April 01, 2017, 12:27:12 PM

right, sometimes people are very hesitant and afraid to move for fear of losing the money they have. but, they do not realize that when they lose money they have in trading, the experience they get older, and maybe they will realize that what they should not do. so they will become a professional trader

there are several stages to become a professional trader. if someone still make trades without increasing the knowledge about this then he/she will be difficult and take longer to be professional trader. we can increase knowledge by attending a seminar or read a book from a successful trader. if we have a lot of knowledge about trading then fear when trading becomes smaller because we would have had a good strategy and confidence before trading.

Supercrypt

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Quote from: OrangeII on April 01, 2017, 12:27:12 PM

right, sometimes people are very hesitant and afraid to move for fear of losing the money they have. but, they do not realize that when they lose money they have in trading, the experience they get older, and maybe they will realize that what they should not do. so they will become a professional trader

Trading is something that is not for everyone, to some people the idea of spending money to earn experience even though they know it is the only way to get good in trading is hard considering the fact that they don’t have that big of a cap to start with.

If you are one of those people the only way that you can overcome your fear is by first trying to get a good cap, if you are going to start with a small cap you are going to run out fast, and think of it as paying money to private school where you learn trading and when you finish you will be able to make some good profit from it.

OrangeII

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right, sometimes people are very hesitant and afraid to move for fear of losing the money they have. but, they do not realize that when they lose money they have in trading, the experience they get older, and maybe they will realize that what they should not do. so they will become a professional trader

dearbesz1219

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Quote from: Idrisu on December 03, 2016, 02:33:11 PM

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

If your not ready to overcome your fear, I think your not suited in this place for you to do some trading in the market. Because all traders are became successful through deciding to take part of losing that their losing money was only tail of it.

ilovefeetsmell

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You need to overcome your fear losing money because it will help you to think or decide what you gonna do next to keep your money safe. It's hurt losing money especially if you earned it by your hard work and dedication. It is the same of losing your love ones Wink

I hope it will not happen to me because I know the feeling of losing money. I felt horrible on that time, I don't know what I am going to do but the life must go on and it is just a money. You can earn it again.

Sidas_Crew669

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Quote from: germanybtc on April 01, 2017, 02:47:03 AM

Don't double-down if you lose. Many traders make that mistake and dig themselves deeper into a hole. Keep following your trading strategy and if it's a good one you will come out ahead even with losses.

It was very reasonable if experienced to those just learning to become a professional trader. Because they still feel being a dealer, but if it is sustainable, it will give a bad performance for the life of them. Because it is a person who does not hold it against the losses they experienced will not be strong enough to become a great trader or get a big advantage. Because trade is a very dangerous place for a person with the thought of wanting to profit as quickly as possible

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Quote from: shasta09 on April 01, 2017, 05:54:53 AM

When i started gambling online i was always like at the dark of so scared to lose the money that which i want to use to gamble. There and there at first what they called beginners luck was by my side. The longer run, comes the losess the busts the frustrations . Then it just came to me, said to myself this is gambling and if i wanna win big then i should bet big. Same as goes with TRADING, its just that trading requires a lot more than self awareness. : In short overcome the fear of losing money and make it to a point that, no matter h9ow sure you are gonna profit from a trade or something never ever forget the 1% that could change everything . = big lose

Intitiating gambling and trading isn't too easy for someone specially when there is no one guides you. This is the most difficult and painful stages of learning. However, once you have experience that, expect that ot can be lessen and you can earn more rather than you lose. It ks upon on person in how he would applied what he had learned.

shasta09

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When i started gambling online i was always like at the dark of so scared to lose the money that which i want to use to gamble. There and there at first what they called beginners luck was by my side. The longer run, comes the losess the busts the frustrations . Then it just came to me, said to myself this is gambling and if i wanna win big then i should bet big. Same as goes with TRADING, its just that trading requires a lot more than self awareness. : In short overcome the fear of losing money and make it to a point that, no matter h9ow sure you are gonna profit from a trade or something never ever forget the 1% that could change everything . = big lose

yrreg ger

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Quote from: Idrisu on December 03, 2016, 02:33:11 PM

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

Bitcoin is an unpredictable when it increase or decrease. When we make more profit we need to face hindrances for the succes. Always think positive then face the challenges for result a succesful. Earning money is not easy but losing money will be possible results, enough knowledge and learning about bitcoin is our sword to make a good result. Then experience will help to give confidence and to know what can we do if they have a problems.

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Quote from: KennyR on March 31, 2017, 06:08:28 AM

Quote from: jossiel on March 31, 2017, 05:26:53 AM

-snip-

Losing is part of trading as well gambling, how professional you might be the loss always accompanies with it. To overcome the loss only way is to be active with the market moves. Without expecting big trying to make profit out of the small price variation makes trare avoid losses.

You don't have to overcome losing, what a trader needs to do is that he should overcome the fear of losing money as stated at the title.

And if you will for small amount of profit it's the best way to overcome the fear losing of money because you will expect not that high.

But once you earn and learn from it, that is a good indicator that you are starting to overcome the fear of losing.

And you are fine with earning not that high amount.

germanybtc

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Don't double-down if you lose. Many traders make that mistake and dig themselves deeper into a hole. Keep following your trading strategy and if it's a good one you will come out ahead even with losses.

Sled

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Quote from: stadus on April 01, 2017, 12:27:44 AM

Quote from: Kevin77 on March 31, 2017, 04:22:07 PM

Quote from: (altair) on March 31, 2017, 11:46:03 AM

of course you should overcome the fear of losing money specially in trading,
You could never gain some profit if you are so scared to bet some.

There are traders who are sharing like being scared saved them from unexpected fluctuations. So, getting fear of loss may work to warn you also. But instead of depending on these inner thoughts, just depending on our skills on analysis will help us in much better way.

Less emotion and more skills is what you need in trading, you are playing with the number here and all you need to do is make your mind work not your heart. You cannot be emotionally as your mind will be affected, just decide based on the facts that you read so you can come up with and reasonable judgement.

That is true. Emotion is not required in trading because it will always lead us into losing our money and the game that we are playing on. If we are more concerned in learning and enhancing our skills then it will be very helpful to us to earn money and just let go those craps like emotions and fears that we are carrying since we start trading, if that happens then it will be very easy for us to focus on trading and just earn money with a higher chance.

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Quote from: Kevin77 on March 31, 2017, 04:22:07 PM

Quote from: (altair) on March 31, 2017, 11:46:03 AM

of course you should overcome the fear of losing money specially in trading,
You could never gain some profit if you are so scared to bet some.

There are traders who are sharing like being scared saved them from unexpected fluctuations. So, getting fear of loss may work to warn you also. But instead of depending on these inner thoughts, just depending on our skills on analysis will help us in much better way.

Less emotion and more skills is what you need in trading, you are playing with the number here and all you need to do is make your mind work not your heart. You cannot be emotionally as your mind will be affected, just decide based on the facts that you read so you can come up with and reasonable judgement.

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