In theory, everyone agrees that we must master emotions and make rational and logical decisions.
Unfortunately, in the moment of the action, the emotions take the upper hand, and... bye bye logic!
Topic: you need to overcome your fear of losing money - page 5. (Read 52919 times)
Actually let us consider an example where we buy alt coins and during the pump we are too relaxed to sell and them dump comes, this would lead to loss everytime while if we have fear in mind that dump is coming, then we will make a wise sell at its peak. It is unlikely that you will be able to sell at the peak. You will either sell too late (read not sell at all) or too early, and then you will be watching the price grow and calculate with disappointment how much you could have earned if you didn't sell
Hmm..well, you trade because you wanted that that thing and you know it has the same value right?? Then why I think of losing something when it has of the same value? For example, you buy a food in a supermarket, well buying is trading too right? It is not a loss for me because you got something that you needed. I think that is the importance of trading. You exchange something that you have for what you need and want.
Learning from mistakes is what makes a trader be more matured, but if you one is afraid of taking losing then there is no chance to be successful as no one started and automatically get the best results. When we are just starting up, there will be plenty of trials and be have to accept it and make it as our inspiration to improve more to stay in trading.
- Exactly, no failure will not succeed, this may be the rule in the trading world because trading is a job that can only be predicted, there is no guarantee, if we dare not risk and accept loss, we will not be profitable. Money is too common, but we should know that it will soon return if we know patience and understand the reason that we lose money, here will be no place for the weak, our mentality that is too weak, we fail is certain, get acquainted with the fear and overcome it, it is all up to us, that is the advice that I feel is the most reasonable. 
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
professional traders actually lose money in trading but one thing they keep on doing and believe is that: No matter how much they loss, they believe that they will make it back. Professional traders also look at setback time as time to reshaping they trading plan and also opportunity to learn how to be patient.
We have those experience of losing money in trading transaction or any business. But the things is how do we deal in such loss. The best way is to imagine that we buy experience for money we lost...
Trading is a very hard field witch needs intelligence and mistrust. Not only this, but also boldness. If we will still in the fear of losing our money we will never be a financial power in the market and win the big deals. We have to believe in our selves and in our future.
Learning from mistakes is what makes a trader be more matured, but if you one is afraid of taking losing then there is no chance to be successful as no one started and automatically get the best results. When we are just starting up, there will be plenty of trials and be have to accept it and make it as our inspiration to improve more to stay in trading.
When i started trading. I'm afraid at first and i might lose my money. When i start i always think twice to buy altcoin or bitcoin because i know how volatile is the market. You can lose or win in just a matter of seconds or hours. When i fear about losing my money, It's hard for me to earn because i can't do trading because i'm scared to lose. Then i realized that it's not good and how can i earn if i don't overcome my fear. Losing is always there but if i can keep track of my investment then i might lose only a portion of my money. Right now, i don't fear anymore. If i lose then it's ok as long as i earn back the losses then i'm good.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You need to overcome the fear of losing money to earn. If you trading is good may earned and because of the fear inside your heart, you can't earn so much and you can earn bigger if we trade much. But the golden rule of investing is, risk the amount you are WILLING to lose. You should use money that you don't need.
Losses are a great experience for a trader. when I started, I was losing a lot of money because of my mistakes. The losses helped me to understand my mistakes in practice and improve my level.
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.
It sounds easy to do, but I wonder how many traders are in over their heads here and have too much money at risk. The reason I wonder this is because, if it is a substantial number perhaps this is why a lot of traders FOMO or make bad decisions. I know I would feel a bit uneasy knowing I had most of my net worth tied up online.
Yes I think that we have to overcome our fear for good. It was just like if we don't try we don't get what we wanted. And traders really wanted to get a huge amount of profit on the trading feild. So then if we wanted to earn a huge amount of profit we need to overcome our fear and maybe we don't have to be afraid of lossing, because lossing is really a part of our life. We only have to charge everything on our experience for preparation of the upcoming situation that need a good decision to make everything fine. 
It sounds easy to do, but I wonder how many traders are in over their heads here and have too much money at risk. The reason I wonder this is because, if it is a substantial number perhaps this is why a lot of traders FOMO or make bad decisions. I know I would feel a bit uneasy knowing I had most of my net worth tied up online.
Yes if we want to become a good trader then we have to overcome this fear of losing money otherwise trading is meaningless.
The risk is everywhere both in life and in investments. All know and remember about it. I very much worried when have bought the first coin) It is necessary to try, all do it. If the fear big needs to be begun with very small sum and reliable coins
I remember my professor saying that an entrepreneur is a risks-taker. Many people are afraid to take risks because they want to guarantee that whatever they will be doing will be giving them profit but we know that in business it is not always like that. Not being afraid to lose money is a big challenge because no people will ever want that but in reality those successful people have overcome that fear and push them selves to their limit with the same goal of to earn money. Our mind should be like that because if we do want to succeed we will do whatever it takes to win. 
As much as that cliche is true to a very large extent I would say managing and reducing loss to a very great extent is more better approach to trading. Loss should be prevented by any means possible.
That is right, we need to prevent this loses since our main intention is to make money in trading. However, there are time that we do not do well and that cannot be prevented but with proper money management we will be able to be back in the
game and we can be a winner in the long run.
As much as that cliche is true to a very large extent I would say managing and reducing loss to a very great extent is more better approach to trading. Loss should be prevented by any means possible.
The risk is everywhere both in life and in investments. All know and remember about it. I very much worried when have bought the first coin) It is necessary to try, all do it. If the fear big needs to be begun with very small sum and reliable coins
I remember my professor saying that an entrepreneur is a risks-taker. Many people are afraid to take risks because they want to guarantee that whatever they will be doing will be giving them profit but we know that in business it is not always like that. Not being afraid to lose money is a big challenge because no people will ever want that but in reality those successful people have overcome that fear and push them selves to their limit with the same goal of to earn money. Our mind should be like that because if we do want to succeed we will do whatever it takes to win. 
The risk is everywhere both in life and in investments. All know and remember about it. I very much worried when have bought the first coin) It is necessary to try, all do it. If the fear big needs to be begun with very small sum and reliable coins
I remember my professor saying that an entrepreneur is a risks-taker. Many people are afraid to take risks because they want to guarantee that whatever they will be doing will be giving them profit but we know that in business it is not always like that. Not being afraid to lose money is a big challenge because no people will ever want that but in reality those successful people have overcome that fear and push them selves to their limit with the same goal of to earn money. Our mind should be like that because if we do want to succeed we will do whatever it takes to win. Jump to: