you need to overcome your fear of losing money - page 52.

Snorek

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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.

There is nothing you can do to deal with with.

Week ago I sold portion of my BTC, because I thought that price was at its peak at that time.
I based my judgement on previous dumps history, and was sure that it is time for market to correct this bubble.
Now I want to repeat my selling pattern, but I am scared to death that we will see $1500 next week and I lose money again.

markyminer

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Quote from: PokerFace3 on February 19, 2017, 04:27:10 AM

Quote from: DoublerHunter on February 18, 2017, 09:29:44 AM

There is no bad experience because the right term for bad experiences is LESSON. So make your bad experiences as a teacher and not just bad exp. If's question and consequences are just for weak and afraid people who don't want to embrace new things.

Yes, without doubts to overcome the fear of lose, we must gain our own experiences and should learn what were the root cause for mistakes and what are the requirements for avoiding such mistakes. These process of continuous learning from experience will help to overcome the fear of losing money while trading. When are using small capital till that learning phase, then we can easily achieve success.

i also agree with you. that this is one of the most important job and specially if you want to become succeeded in trading and make good money from trading. i think most of the people have the same problem i also do not have full confident yet and hoe hat i am hopeful that getting some good experiience tradin

Soul Reaper

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You being a bit doubtful is quiet obvious.
If you are new to this you will definitely have this question in your mind.
I used to get advised by many that,
dont worry about it and just try it once,
you can only grow and learn by trying.
Still I used be a bit doubtful that and used to think that they are just doing it as a formal gesture,
And there would be very less truth behind it.
But now I have realised that they were right,
You will learn from your own mistakes only.
And doing something wrong at the start is quiet human.
So don't worry and just go for it.
Even I have grown in the bitcoin community by the same method.

justdimin

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Quote from: btcdiggingmaster on February 21, 2017, 06:04:15 AM

Not only confident you need to boost your experience in order to over come of loosing. It is very common in all human being in any aspects of their investment. But once you are experienced and well analyser, you will make decent in making money. Spending more time by analyzing the market will also make you money because some your prediction will give tons of money through trading.

It is true, but in order to develop a good experience and progress and make profit in trading you have to try it for yourself.

It is okay to fail at first because failing is a part of learning so don’t be afraid to try, just start with a ow amount there are sites that allow you to trade with virtual money just to train and when you feel you got the hang of it you can start trading like a pro.

densuj

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Quote from: googlebtc on February 21, 2017, 08:21:40 AM

I think the same thing with you, I learned from the experience and bought every defeat me to be better and sharpen my analysis to trade

I agree with you sharpen our analysis to trade ( usually analysis technical at least for me)
actually the way to overcome my fear of losing money in trading always learn for be ready
doing cut lost if I am wrong prediction, it is must be calculated between profit and losing money
and fixing my system trading up to getting profit constant from trading.

Ziskinberg

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Quote from: Idrisu on February 21, 2017, 04:01:48 PM

Quote from: upsidedown75 on February 21, 2017, 08:49:17 AM

Quote from: googlebtc on February 21, 2017, 08:21:40 AM

I think the same thing with you, I learned from the experience and bought every defeat me to be better and sharpen my analysis to trade

When you are minding to learn from your experience, I guess sooner you will become a professional trader.

I mean only those pro traders will not bother about fear of losing money because they might be having strong technical analysis which will support them consistent profit making. When you are confident about your trading performances, I guess there would be no fear of losses.

Experience is the best teacher! Loses always slow your mind for a deeper thought analysis on the market. One thing many amateurs traders has refused to leaned is that 'they can place a trade without even thinking that their hard earned income will be weeps away that Sigler decision. Never enter into a trade without a pre exists plans.

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.

Idrisu

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Quote from: upsidedown75 on February 21, 2017, 08:49:17 AM

Quote from: googlebtc on February 21, 2017, 08:21:40 AM

I think the same thing with you, I learned from the experience and bought every defeat me to be better and sharpen my analysis to trade

When you are minding to learn from your experience, I guess sooner you will become a professional trader.

I mean only those pro traders will not bother about fear of losing money because they might be having strong technical analysis which will support them consistent profit making. When you are confident about your trading performances, I guess there would be no fear of losses.

Experience is the best teacher! Loses always slow your mind for a deeper thought analysis on the market. One thing many amateurs traders has refused to leaned is that 'they can place a trade without even thinking that their hard earned income will be weeps away that Sigler decision. Never enter into a trade without a pre exists plans.

upsidedown75

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Quote from: googlebtc on February 21, 2017, 08:21:40 AM

I think the same thing with you, I learned from the experience and bought every defeat me to be better and sharpen my analysis to trade

When you are minding to learn from your experience, I guess sooner you will become a professional trader.

I mean only those pro traders will not bother about fear of losing money because they might be having strong technical analysis which will support them consistent profit making. When you are confident about your trading performances, I guess there would be no fear of losses.

googlebtc

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I think the same thing with you, I learned from the experience and bought every defeat me to be better and sharpen my analysis to trade

btcdiggingmaster

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Quote from: Gameroid on February 20, 2017, 03:35:36 PM

Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

yes that is a fat that in trading the most important factor of making money is to be confident. if you do not have confident in trading and felling hesitation the there are more chances that you will even lose your own money in trading an done can get confident by spending more and more time.

Not only confident you need to boost your experience in order to over come of loosing. It is very common in all human being in any aspects of their investment. But once you are experienced and well analyser, you will make decent in making money. Spending more time by analyzing the market will also make you money because some your prediction will give tons of money through trading.

Kasabus

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Quote from: richardsNY on February 20, 2017, 03:46:14 PM

Quote from: Gameroid on February 20, 2017, 03:35:36 PM

Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

yes that is a fat that in trading the most important factor of making money is to be confident. if you do not have confident in trading and felling hesitation the there are more chances that you will even lose your own money in trading an done can get confident by spending more and more time.

If you know how to trade due to the years of experience that you have been building up, then confidence is nothing more than something as result of you knowing what to do in order to benefit from the market. If you are confident as person but lack any experience when it comes to trading, then you won't come anywhere. Experience pays off, being just confident doesn't. I hope you understand that.

Your experience and your knowledge will make you confident, they should go together as with confidence you will be able to execute your game plan very well. Yeah, it's a game plan because we are trading and we are just predicting what will be the price movement of assets we are trading and it's necessary that our decisions has a reasonable or relevant basis.

richardsNY

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Quote from: Gameroid on February 20, 2017, 03:35:36 PM

Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

yes that is a fat that in trading the most important factor of making money is to be confident. if you do not have confident in trading and felling hesitation the there are more chances that you will even lose your own money in trading an done can get confident by spending more and more time.

If you know how to trade due to the years of experience that you have been building up, then confidence is nothing more than something as result of you knowing what to do in order to benefit from the market. If you are confident as person but lack any experience when it comes to trading, then you won't come anywhere. Experience pays off, being just confident doesn't. I hope you understand that.

Gameroid

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Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

yes that is a fat that in trading the most important factor of making money is to be confident. if you do not have confident in trading and felling hesitation the there are more chances that you will even lose your own money in trading an done can get confident by spending more and more time.

Zadicar

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Quote from: TastyChillySauce00 on February 19, 2017, 04:44:52 AM

Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

As long as you still thinking and use your logic then it's fine to overcome the fear of losing money. In another hand, if you just investing your money everywhere without thinking and just pretending you will lost nothing but have a good return then you will be eventually doomed.
Sometimes you need the fear of losing money to protect you, though.

Fear of lossing money does have an advantage and disadvantage this depends on the situation you are engage too. Speaking of investment and if you do know that theres a potential good profits on long term fear of lossing money is not a good thing since you will need to risk as long you do know on what you are doing.It would come to disadvantage when you decide without thinking such action which causes for you to throw up your money.

TastyChillySauce00

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Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

As long as you still thinking and use your logic then it's fine to overcome the fear of losing money. In another hand, if you just investing your money everywhere without thinking and just pretending you will lost nothing but have a good return then you will be eventually doomed.
Sometimes you need the fear of losing money to protect you, though.

PokerFace3

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Quote from: DoublerHunter on February 18, 2017, 09:29:44 AM

There is no bad experience because the right term for bad experiences is LESSON. So make your bad experiences as a teacher and not just bad exp. If's question and consequences are just for weak and afraid people who don't want to embrace new things.

Yes, without doubts to overcome the fear of lose, we must gain our own experiences and should learn what were the root cause for mistakes and what are the requirements for avoiding such mistakes. These process of continuous learning from experience will help to overcome the fear of losing money while trading. When are using small capital till that learning phase, then we can easily achieve success.

DoublerHunter

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Quote from: gabmen on February 18, 2017, 08:54:48 AM

Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

That is true if we remove being hesitant and just focus on the saying of "Just Do It" then it will gives us different experiences whether it is good or bad, if it is bad then it is a lesson then if it is good then it is good. lol, There is no bad experience because the right term for bad experiences is LESSON. So make your bad experiences as a teacher and not just bad exp. If's question and consequences are just for weak and afraid people who don't want to embrace new things.

gabmen

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Quote from: DoublerHunter on February 18, 2017, 08:05:03 AM

The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

You're right. Fear of losing money would make us hesitant and that i think should be avoided if we want to earn in btc. When you're hesitating, you tend to think more about what if's and consequences instead of coming up with a good plan or strategy.

DoublerHunter

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The title of this thread is the whole thing. "You or WE need to overcome our fears of losing money" because if we do that then we can be sure of giving all the 100% of our best in doing different things like trading and investing. If we overcome our fears like losing money then we will become risk takers and it will give us a lot of results that can lead to be a successful person.

bitbob82

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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.

to i think those people who do not have any experience in trading will really fell it very hard to overcome their fear in trading. i think if they want to become good traders then they need to get good experience in trading and only then they can overcome fear in trading.

Topic: you need to overcome your fear of losing money - page 52. (Read 52932 times)