you need to overcome your fear of losing money - page 50.

Japinat

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Quote from: gracia0023 on March 14, 2017, 02:39:53 AM

We have those experience of losing money in trading transaction or any business. But the things is how do we deal in such loss.

It is a great thing if after experiencing those things, we learn how to deal with it again. We will be more wiser and we will be more aware and what to do. Making us more wise in our decisions.

Exactly, you learn from your mistakes and you continue your journey, there is nothing to fear because if you do, you will not be a successful trader. Trading offers great opportunity if you believe you can do it, never doubt yourself if you do hard work because if people can do it, you can do it as well.
We all start from the beginning and our knowledge that we learn and experience along the way is vital for a long term journey to succeed.

gracia0023

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We have those experience of losing money in trading transaction or any business. But the things is how do we deal in such loss.

It is a great thing if after experiencing those things, we learn how to deal with it again. We will be more wiser and we will be more aware and what to do. Making us more wise in our decisions.

gabbie2010

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One of the greatest challenge of a newbie trader is how to overcome emotion psychologically but for an experienced trader it is not. But it is generally stated " trade with the amount of money you can afford to lose"
Every trading involve taking a risk without you cannot be a good trader.

FlightyPouch

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Quote from: Lecam on March 13, 2017, 09:48:22 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.

But how can i overcome my loses if i have still fear. If i think when i trade again then i lose again so i am still fear because everytime i think my lose fear to lose again my capital that why ots so hard to overcome once you experienced it.

Then that is your challenge, making good trades without loses. Take that loses a lesson, make your trade smooth, watch videos and read articles on making good trades. If you cant overcome these challenge better stop trading.

Lecam

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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.

But how can i overcome my loses if i have still fear. If i think when i trade again then i lose again so i am still fear because everytime i think my lose fear to lose again my capital that why ots so hard to overcome once you experienced it.

virasisog

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Quote from: marketone on March 13, 2017, 07:34:48 AM

Quote from: barnes13 on March 12, 2017, 10:32:11 AM

One barrier to success is the fear, fear of losing the most haunting thing traders, traders should be able to eliminate the fear of losing but traders should still be good at taking the decision to buy or sell.

Success will come to those who faces failures, without failures, we cannot learn from the mistakes. Each trader should identify their role and they should take care of themselves in choosing the right one to gain profit from it. Sometimes you may fail to choose to good one, but don't look back and find the best one which will cover your previous loss also.

In times of Failures or mistakes taken there is always a lesson there but, sometimes instead of learning from failures it becomes negativity and create a fear to try again especially the on trading activity not your move is not always depends on what you like ,it mostly depends on market movement . Failures is the key to the success and taking risk is the step to bring us opportunity that will eliminate our fear if we learn in our previous mistakes.

marketone

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Quote from: barnes13 on March 12, 2017, 10:32:11 AM

One barrier to success is the fear, fear of losing the most haunting thing traders, traders should be able to eliminate the fear of losing but traders should still be good at taking the decision to buy or sell.

Success will come to those who faces failures, without failures, we cannot learn from the mistakes. Each trader should identify their role and they should take care of themselves in choosing the right one to gain profit from it. Sometimes you may fail to choose to good one, but don't look back and find the best one which will cover your previous loss also.

BitcoinPC

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Quote from: iv4n on March 13, 2017, 06:29:43 AM

If we wish to be successful in life we need to overcame our fears. In trading we have fear of losing money, and it's good to have fear, fear is making us more careful, and stops us from losing all the money we have. On other side if we wish to make profit then we need to be brave and to risk money, with higher risk reward is higher and fear is proportional to risk we make.
I'm afraid to trade with more then 10 dollars, I know that, but I'm not afraid to risk 10 times that amount in gambling.

I am surprised, as you said, you have a fear to do trading more than $10, but you have no fear in gambling to take risk. You know gambling is more risky and many time gambling can't return our money. But in trading, it is possible sometime, we could earn from it, and if we get lose in trading, than we have a chance to recover our lose, So you should have fear in gambling not in trading.

iv4n

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If we wish to be successful in life we need to overcame our fears. In trading we have fear of losing money, and it's good to have fear, fear is making us more careful, and stops us from losing all the money we have. On other side if we wish to make profit then we need to be brave and to risk money, with higher risk reward is higher and fear is proportional to risk we make.
I'm afraid to trade with more then 10 dollars, I know that, but I'm not afraid to risk 10 times that amount in gambling.

lienfaye

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Quote from: barnes13 on March 12, 2017, 10:32:11 AM

One barrier to success is the fear, fear of losing the most haunting thing traders, traders should be able to eliminate the fear of losing but traders should still be good at taking the decision to buy or sell.

That's part of trading but what important is how you handle the situation, we all have fears of losing our money or not gaining in what we do but taking the risk means you have guts to face the outcome. if there were scenario that your expectation didnt happen its fine to be in denial until you are ready to deal with it and accept that it really happened. remember that if you trade or invest it has always risk and cant guarantee good return a good attitude is be prepared.

MMA

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Quote from: Botnake on March 11, 2017, 11:10:25 PM

Quote from: agamasrori on March 11, 2017, 08:55:26 PM

Quote from: nicolecan13 on March 04, 2017, 07:51:07 PM

You must need to overcome that kind of fear because when you gumble, trade, invest, etc. There is always a risk. You can always loose your money or have profit. Thats how money works in the business. Thats why if you want to succeed take the risk and have no fear in loosing your money.

I am sure that we can minimize our fear if we make good strategy before trading. I believe and really confident about bitcoin price so I do not scare when it's price drop because the price will rise again. I am talking about the price of bitcoin against fiat.

Of course, that means you are confident with what you are doing, if you are only doing it based on your luck probably fear every time you trade is always inside of you and we know when you have that fear you cannot fully apply your strategy in trading. In addition, even how good you are always think that putting only what you can afford to lose is heavily considered since you are just trading with a chances and therefore not certain.

most of the time it is God gifted that you have some skills. some people even after a lot of experience they do not remain confident while trading. they always have fear in their mind for losing money, i thin for such people they should try to find a good job, and if still they cannot do a job then they should start a business with shares or partnership of someone else who are strong decision power and confident so that they can take a right decision in right time.

barnes13

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One barrier to success is the fear, fear of losing the most haunting thing traders, traders should be able to eliminate the fear of losing but traders should still be good at taking the decision to buy or sell.

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Quote from: Zadicar on March 12, 2017, 06:11:24 AM

Emotions is one of the hardest part on doing trading and losing off money is part of it and we should really need to overcome it because we cant make any good decisions and ideas if we are always think off on the money we could lose then we do really limit ourselves on the thing we must supposed to do.

Emotions are very hard to control especially if money is on the line. I've been there a lot of times, and it's really hard to make a decision when your emotions take over your mind to do decisions. In order to be successful financially you must be cold-hearted so that little to no fuck ups would be made because of you being impatient or because of your emotional impulses.

iqlimasyadiqa

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fear it will always exist. but it can be done several ways, one of which is to regulate our emotional. I urge that you leave about 50% of your total wealth. because it will be very helpful when you lose 50% more parts. you can still build a business currently has 50% of the money you have. believe me, because I've been there.

Zadicar

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Emotions is one of the hardest part on doing trading and losing off money is part of it and we should really need to overcome it because we cant make any good decisions and ideas if we are always think off on the money we could lose then we do really limit ourselves on the thing we must supposed to do.

tooley

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Trading has to be approached like a business, sometimes you lose but that is the nature of it.

hawkins

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Well, I always thought of it. I always thought that the income I get, must exceed what I lose. but it is very difficult to realize such a thing, because it requires immense hard work, and a lot more time.

darthmaul

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I feel bitcoin trading is not that risky. In the world of cryptocurrency BTC stands like a king in the trade market. It's price is increasing day by day like anything. Look on the brighter and longer terms of bitcoin, i feel no fear at all in investing and trading it. The ups and downs are always there. But it is for good, if we observe carefully when bitcoin go down it again reverts to top position after sometime!

Just checkout one week's chart. When it was down on the start it gained profit in mid week and again went down on second last day but came up at the end. These ups and downs are always be there but look how much profit one can grab!

So i believe there should not be any fear in trading. :-)

electronicash

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when you realize all the money you got are from the bounties you have joined, i think you will not mind losing it all so just trade them all to coins you think can easily manipulated by your fud. its going to be worth the time watching the charts when all your efforts are put into use.

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Quote from: agamasrori on March 11, 2017, 08:55:26 PM

Quote from: nicolecan13 on March 04, 2017, 07:51:07 PM

You must need to overcome that kind of fear because when you gumble, trade, invest, etc. There is always a risk. You can always loose your money or have profit. Thats how money works in the business. Thats why if you want to succeed take the risk and have no fear in loosing your money.

I am sure that we can minimize our fear if we make good strategy before trading. I believe and really confident about bitcoin price so I do not scare when it's price drop because the price will rise again. I am talking about the price of bitcoin against fiat.

Minimizing fear is possible when you are good in predicting the price move in a much better way. Users who make living with bitcoin trading panic at those instances of fall. The whales who hold large number of bitcoins use those chances and get the best profit. This is because whales don't fear of losing but with small scale traders the fear is high which gives them loss.

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