Topic: you need to overcome your fear of losing money - page 48. (Read 52919 times)
If we overcomed that fear we will lose our money, fear is a big force that stops you when you gamble.. Just remember that every single emotion is important
Yeah failure is part of trading, it is part of the experiences. The important you can get is the learnings and additional knowledge that you can use on next trades. If you are a good trader, you can accept whatever be the result is and you will continue on what you have been started and continue the process.
Trading will never give you same results each and every time so you should be mentally prepared for the worst possible scenario and if you have fear of losing money then it would be better to stay away from trading and find safer ways to earn profits.
Yeah failure is part of trading, it is part of the experiences. The important you can get is the learnings and additional knowledge that you can use on next trades. If you are a good trader, you can accept whatever be the result is and you will continue on what you have been started and continue the process.
It is true that failure is part of experience we gain of what mistakes we have done and not to repeat that mistakes in future, but main thing is where are you trading and what are you trading, if you are trading Bitcoin then you can hold your position if you have bought in high price and buy more on lower odds so that on another boom rise you can be in position to come out with profit but same thing you cannot apply on altcoins as most of the altcoins when comes downwards then check their potential and then only go for more position or close that deal as loss and go for another coin forgetting that loss and not to catch the dead cat.
In order to succeed we need to overcome the fear of losing money. In trading its a part of success that we lose sometimes and we earn profit. But the best of this we can overcome the fear of losing the money, ofcourse by using our skills and knowledge.
Yes overcoming fear of loss is good but becoming too careless or freestyle can be risky as hell. Risk should be taken I agree but in a proper manner.I mean you see the price of bitcoins around 800-900$ and you immediately buy the good since you know the price will rise at least 1100-1200 in coming time while if you see the price at 1200 and you buy them then it's a bit of risk and though it should pay off but not worth it.
Yeah failure is part of trading, it is part of the experiences. The important you can get is the learnings and additional knowledge that you can use on next trades. If you are a good trader, you can accept whatever be the result is and you will continue on what you have been started and continue the process.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
It true that it's okay to make some mistakes as long as you learn from them. On the other hand, we do need to use caution when trading because the goal is to make money.
Yes, it's not good to lose money if we are doing this because we need money. If you have much money to afford your losses, no problem, but many traders apprendice don't have much money and they need fast profit to don't lose everything.
And in many cases they lose the amount they took so much time to get in a small time period.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
It true that it's okay to make some mistakes as long as you learn from them. On the other hand, we do need to use caution when trading because the goal is to make money.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear in the trading platform has no space for the true traders. Because if you have fear better not for you to do some trade in the exchange sites, or if you continue but doubtful your just gonna loss your money.
I totally agree with you mate, this will stand for what other stated that no pain no gain. Earning more money will always take some risk and it totally requires it, and if you got the right way you gonna earn a lot and make some profit into it. If you have fear, you will end up with nowhere and will never gain any profit or money in life.
There is no way there won't be that fear when the money is not cheap or given especaully when its funds generated as a result of hard work there will definitely be the fear what matters is that one should not allow that fear becloud judgement thereby making judgements based on subjectivity instead of objectivity and also when the money is eventually lost one should just move on as fast as possible...
And the fear should actually be there also, like you said hard earned money always feels and moreover if we don't just have the fear of loosing we would never be able to sell altcoins at their peak value since we wont worry at all and the best time would just pass out and hence selling at the dump. Fear is something that we MUST have while that fear should not make us panic at all.
Good trader or investor can overcome lose of money easily especially when it not that big
You mean traders do not need to worry about loss of their capital when their capital is relatively small ? But people go for capital amount depending upon their potential, so lose of small capital also will make them worried.
Only when you are confident about your trading strategy you can overcome fear of loss because your trading strategy is the key for your success in trading.
No fear would mean that you will say let the 0.1 bitcoins worth altcoins turn into 100 bitcoins then I will sell.
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear in the trading platform has no space for the true traders. Because if you have fear better not for you to do some trade in the exchange sites, or if you continue but doubtful your just gonna loss your money.
I totally agree with you mate, this will stand for what other stated that no pain no gain. Earning more money will always take some risk and it totally requires it, and if you got the right way you gonna earn a lot and make some profit into it. If you have fear, you will end up with nowhere and will never gain any profit or money in life.
You cant overcome your fear of losing money 100%. You can only incorporate different coping strategies to limit the hurt of losing money when it happens. Thats something i learnt over many many years.
money is the most important thing in this world so it is human nature that if everybody fear to losing their money everytime they risking it but indeed sometimes we must brave to decide and risking our money to expect huge profit and if we got the right decission the profit also will come and just like most people says that no pain no gain
I don't get it, how can you expect to earn a profit if you are not willing to risk your money? however in the world that we live in if you could for instance earn 10% pure profit just by risking $500 you are not going to be so lucky when you want to risk $500M. I believe people would've better chances if they stick to small amounts in trading.
On the other hand if you pay enough attention to the bitcoin industry you'll be shocked to see that bitcoin was intentionally designed for the increase of value over time, I doubt if you could find something similar.
Yes I agree with you, will only profit we can get if we are willing to take risks, risk and profit are things that can not be separated if we want to become a successful trader and fear will only hinder our success. On the other hand if you pay enough attention to the bitcoin industry you'll be shocked to see that bitcoin was intentionally designed for the increase of value over time, I doubt if you could find something similar.
In order to succeed we need to overcome the fear of losing money. In trading its a part of success that we lose sometimes and we earn profit. But the best of this we can overcome the fear of losing the money, ofcourse by using our skills and knowledge.
I don't get it, how can you expect to earn a profit if you are not willing to risk your money? however in the world that we live in if you could for instance earn 10% pure profit just by risking $500 you are not going to be so lucky when you want to risk $500M. I believe people would've better chances if they stick to small amounts in trading.
On the other hand if you pay enough attention to the bitcoin industry you'll be shocked to see that bitcoin was intentionally designed for the increase of value over time, I doubt if you could find something similar.
On the other hand if you pay enough attention to the bitcoin industry you'll be shocked to see that bitcoin was intentionally designed for the increase of value over time, I doubt if you could find something similar.
There is no way there won't be that fear when the money is not cheap or given especaully when its funds generated as a result of hard work there will definitely be the fear what matters is that one should not allow that fear becloud judgement thereby making judgements based on subjectivity instead of objectivity and also when the money is eventually lost one should just move on as fast as possible...
The loss is indeed something that harms us. but of the loss we can figure out how not to lose like that was already hers. It is indeed to be able to get the money back we need to work hard, but the hard work we do after getting a loss was a bit easy and specify more generate profits.Someone who benefit are those who can study the experience acquired and also be themselves the subject of an experiment
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear in the trading platform has no space for the true traders. Because if you have fear better not for you to do some trade in the exchange sites, or if you continue but doubtful your just gonna loss your money.
I totally agree with you mate, this will stand for what other stated that no pain no gain. Earning more money will always take some risk and it totally requires it, and if you got the right way you gonna earn a lot and make some profit into it. If you have fear, you will end up with nowhere and will never gain any profit or money in life.
The risk levels of trading makes traders to get fear on losing. When they are gaining knowledge on how to tackle price movements with their technical analysis capability, they can easily overcome fear of losing.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Fear in the trading platform has no space for the true traders. Because if you have fear better not for you to do some trade in the exchange sites, or if you continue but doubtful your just gonna loss your money.
I totally agree with you mate, this will stand for what other stated that no pain no gain. Earning more money will always take some risk and it totally requires it, and if you got the right way you gonna earn a lot and make some profit into it. If you have fear, you will end up with nowhere and will never gain any profit or money in life.
Good trader or investor can overcome lose of money easily especially when it not that big
You mean traders do not need to worry about loss of their capital when their capital is relatively small ? But people go for capital amount depending upon their potential, so lose of small capital also will make them worried.
Only when you are confident about your trading strategy you can overcome fear of loss because your trading strategy is the key for your success in trading.
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