you need to overcome your fear of losing money - page 61.

virasog

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Quote from: thisappointed on December 22, 2016, 08:54:50 AM

Very true, because how would you know that you are going to be successful if you are not going to try to be one?,
how would you earn money if you are afraid of being scam? Risking is the key for us to know what would happen,
maybe we have been scammed but it doesn't mean that it will always happen. Just always take the risk to know everything that you wanted to know, don't be afraid.

For being scammed by people are normal especially if you trust to much and easy to people just to earn money. Sometime people will just get your money and scrammed but then from that way you learned, so on that situation you will always remember that you do not need to trust fast so you will not lose money that fast too.

arseaboy

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Quote from: hurain on December 30, 2016, 06:58:51 PM

Quote from: el kaka22 on December 29, 2016, 04:02:30 PM

Quote from: daringdiscovered on December 28, 2016, 09:40:33 AM

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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

The one thing that is best about bitcoin is that it is forgiving , don’t be afraid to lose some because bitcoin has a rising value so the amount that you spend comes back whenever the price goes up , and losing is a part of earning the ropes , not just in the bitcoin but also in the real world , so never be afraid to try .

yes that is a fact and having the fear of loosing money you can not be succeeded in trading nor in gambling, because in trading you need to invest your money some time have no such good prediction about the market therefore it is necessary to be bold while taking decision.

Indeed mate. Big corporations also experienced on losing money but they got a their way away from it and they succeeded before they know how to lose money and didn't take it too negatively it's part of their business and it's a learning step for them. Just like here in crypto world you've got to learn how to lose money and accept it without taking it negatively just keep working your way up to make a profit.

hurain

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Quote from: el kaka22 on December 29, 2016, 04:02:30 PM

Quote from: daringdiscovered on December 28, 2016, 09:40:33 AM

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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

The one thing that is best about bitcoin is that it is forgiving , don’t be afraid to lose some because bitcoin has a rising value so the amount that you spend comes back whenever the price goes up , and losing is a part of earning the ropes , not just in the bitcoin but also in the real world , so never be afraid to try .

yes that is a fact and having the fear of loosing money you can not be succeeded in trading nor in gambling, because in trading you need to invest your money some time have no such good prediction about the market therefore it is necessary to be bold while taking decision.

angaper

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There is no doubt that losses are not the most pleasurable experience in a trader's career, but they are indispensable for the construction and acquisition of the most valuable knowledge that can be acquired: that of own experience. However it will never be financially or emotionally convenient to get accustomed to just learning from trial and error.

wildworld

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You must learn from your mistakes!
Why have you lost?
Check your charts!
Do you have enough self-confidence?
Did you buy at the right time?
Do you have enough knowledge to trade?
That is all very important!
A good trader has no fear, the fear he won by always learning ...
Everyone learns from his mistakes!
A good trader is confident, instructive
And has a lot of patience ...

Kevin77

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Quote from: tabas on December 29, 2016, 05:03:03 PM

Quote from: Gameroid on December 28, 2016, 09:01:13 AM

Quote from: DApptothefuture on December 27, 2016, 04:12:23 PM

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.

yes if you are loosing money in trading then you need to change your strategy about trading, you also need to make have good planing for your trading and one then you can convert your trading into profitable trading.

Yes, you should be an observant also as a trader and if you think that your strategy is making you lose all the time, just change it. You don't have to be a hero to keep on losing and trying hard with your strategy just because you are not scared of losing your money. But you are a trader, you need to look for some other way to make your trading habit profitable.

Losing is just a part of learning and for a trader you may face a situations to lose money but you can earn money in another attempt, trying different strategies is always a good thing and learning from other people’s experience can help you avoid it in the future.

But trading is not always experience and predicting, it has a little luck in it so don’t get frustrated if lose.

deisik

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Quote from: talkbitcoin on December 30, 2016, 05:20:38 AM

Quote from: CraigWrightBTC on December 29, 2016, 11:31:37 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.

Losing is part of successful trading if ini trading amount of lose less than amount of profit, actually losing on trading is part of risk in trading, it is not about fear or not but it is more about how we manage losing on trading.
That is why on trading we must doing cut lost, it is way for managing losing money.

i do not agree.
it is obvious that losing is a part of trading since we can neither control nor predict the price. but how you lose money is important and what you do about it.

some people are making random trades and some are profitable and some are not, then they consider themselves traders.

Once I heard some really strange story quite in line with that

I don't know how true it is, so take it for what it's worth. This story hinges around two guys who hired random dudes from the street to trade for them, but since they were expecting that all these folks were set to lose everything eventually, they reversed all their orders (e.g. changed sell orders into buy orders and vice versa) and thus hoped to earn profits. At first, these wannabe traders were losing (so the owners profited) until one dude made a hefty profit as he innocently thought, which in fact resulted in a heavy loss for the whole shebang, and when he asked for a raise, they instead had to fire him and close the business

sunsilk

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Quote from: el kaka22 on December 29, 2016, 04:02:30 PM

Quote from: daringdiscovered on December 28, 2016, 09:40:33 AM

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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

The one thing that is best about bitcoin is that it is forgiving , don’t be afraid to lose some because bitcoin has a rising value so the amount that you spend comes back whenever the price goes up , and losing is a part of earning the ropes , not just in the bitcoin but also in the real world , so never be afraid to try .

That's true but I don't think that forgiving is the right term for it but recovering. So if ever you will lose some of your money in the first place as a trader.

Don't worry that is just normal even you are a newbie or professional enough we are all experiencing the same thing as losing.

It is also a good thing to experience losing because that is making you tough enough to face your upcoming ups and downs with your trading career.

A lot of lessons you will also learn from those upsets.

talkbitcoin

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Quote from: CraigWrightBTC on December 29, 2016, 11:31:37 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.

Losing is part of successful trading if ini trading amount of lose less than amount of profit, actually losing on trading is part of risk in trading, it is not about fear or not but it is more about how we manage losing on trading.
That is why on trading we must doing cut lost, it is way for managing losing money.

i do not agree.
it is obvious that losing is a part of trading since we can neither control nor predict the price. but how you lose money is important and what you do about it.

some people are making random trades and some are profitable and some are not, then they consider themselves traders.

but a real trader makes each trade count and out of many successful trades one of them turns out bad and then in that one bad trade they pull out and then even turn that one into a profitable trade too by buying at the bottom again.

chaser15

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Quote from: CraigWrightBTC on December 29, 2016, 11:31:37 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.

Losing is part of successful trading if ini trading amount of lose less than amount of profit, actually losing on trading is part of risk in trading, it is not about fear or not but it is more about how we manage losing on trading.
That is why on trading we must doing cut lost, it is way for managing losing money.

That trading loss exprience is one of the important factor why there are succesful traders today. Without those loss, traders are just comfortably placing orders without thinking if that right or wise.

There's no such thing as succesful trader that didn't experience any loss. So take those loss as lesson to improve your trading skills and not as a regret.

CraigWrightBTC

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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.

Losing is part of successful trading if ini trading amount of lose less than amount of profit, actually losing on trading is part of risk in trading, it is not about fear or not but it is more about how we manage losing on trading.
That is why on trading we must doing cut lost, it is way for managing losing money.

burner2014

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Quote from: tabas on December 29, 2016, 05:03:03 PM

Quote from: Gameroid on December 28, 2016, 09:01:13 AM

Quote from: DApptothefuture on December 27, 2016, 04:12:23 PM

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.

yes if you are loosing money in trading then you need to change your strategy about trading, you also need to make have good planing for your trading and one then you can convert your trading into profitable trading.

Yes, you should be an observant also as a trader and if you think that your strategy is making you lose all the time, just change it. You don't have to be a hero to keep on losing and trying hard with your strategy just because you are not scared of losing your money. But you are a trader, you need to look for some other way to make your trading habit profitable.

Investing in the trading market may be-will always entail risk. If you really would like to do trading you must know the product what you are buying, the ground rules under which you buy and sell and the level of risk you are undertaking.

tabas

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Quote from: Gameroid on December 28, 2016, 09:01:13 AM

Quote from: DApptothefuture on December 27, 2016, 04:12:23 PM

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.

yes if you are loosing money in trading then you need to change your strategy about trading, you also need to make have good planing for your trading and one then you can convert your trading into profitable trading.

Yes, you should be an observant also as a trader and if you think that your strategy is making you lose all the time, just change it. You don't have to be a hero to keep on losing and trying hard with your strategy just because you are not scared of losing your money. But you are a trader, you need to look for some other way to make your trading habit profitable.

el kaka22

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Quote from: daringdiscovered on December 28, 2016, 09:40:33 AM

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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

The one thing that is best about bitcoin is that it is forgiving , don’t be afraid to lose some because bitcoin has a rising value so the amount that you spend comes back whenever the price goes up , and losing is a part of earning the ropes , not just in the bitcoin but also in the real world , so never be afraid to try .

deisik

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Quote from: daringdiscovered on December 28, 2016, 09:40:33 AM

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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

In fact, failure is not a required step for learning

In the wild, smaller animals learn their young how to hide from predators, and any failure would mean inevitable death for them. Indeed, some don't survive and got eaten in the end, but those which do survive obviously learn without going through any failures. Trading is not hunting or preying, and you can get off pretty cheap when you fail, but you shouldn't think that mistakes are totally unavoidable (even if they can't really be avoided). In other words, you should think more about success and not failure, how to avoid failure and not how to accept it

daringdiscovered

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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.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

Gameroid

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Quote from: DApptothefuture on December 27, 2016, 04:12:23 PM

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.

yes if you are loosing money in trading then you need to change your strategy about trading, you also need to make have good planing for your trading and one then you can convert your trading into profitable trading.

Sled

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Yes we need to overcome our fear of losing money because if we did that then it would be easy for us to stop worrying on our losses and just focus in recover those loss. If you overcome your fear then you will be more comfortable on doing a certain kind of things. Don't be afraid of losses because losses are same as lessons which can help you to be a stronger and wiser person.

LegendaryMiner

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Quote from: Supercrypt on December 22, 2016, 10:35:09 AM

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.

Trading is like any other way of earning has its own risks, it could be wining fast and the next thing you know you lose everything but you need to learn and get experience from your mistakes start by a small amount and work your way up until you get better and then you can start trading with a large amount of money.

Trading with small capital may help to eliminate the fear of losing money.

It seems to be the right thing to do, if the trader is performing the early trades. Investing small amounts can avoid big losses and disappointments in the future. Then, since there is more knowledge and experience in the market, there is lower risk of losses, so there would be better conditions to invest larger amounts. In any case, what really matters is not the amount invested, but the place where you are investing.

deisik

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Quote from: DApptothefuture on December 27, 2016, 04:12:23 PM

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.

What you say (namely, averaging down) can be fatal and cause devastating losses in respect to assets that might go down straight to zero, for example, garbage stocks or junk currencies (like Zimbabwean dollars). On the other hand though, with such assets as gold, oil and similar goods this approach can yield pretty good results provided you thoroughly calculate your financial capacities...

Personally, I think Bitcoin is borderline in this regard

Topic: you need to overcome your fear of losing money - page 61. (Read 52926 times)