you need to overcome your fear of losing money - page 63.

Zadicar

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Quote from: Potato Chips on December 22, 2016, 08:20:52 AM

Quote from: sunsilk on December 22, 2016, 07:18:53 AM

Quote from: ilovefeetsmell on December 22, 2016, 12:49:53 AM

to overcome is to learn from your past experienced. It is easy to us to act or to move for the better. Loser was also a good trader, maybe you're pointing out was slightly true but we can considered it as our failure. Learning from the past is to prevent to have a failure or to lose again. My classmate lose his bitcoin, and now he knows what to do in his next step.

Well we aren't going to be a good trader if we will not experience and suffer lose. And yes, because of our experiences that is teaching us on how to be better.

I've been trading for a longer time already but at first I was thinking and I am very afraid to lose.

But when I realize on how the market moves and lose is just normal. So if you are good enough you just need to face it and do better for the next trade.

We are all afraid of losing and sometimes it hinders us to take on new opportunities so it is better to get rid of it?

Now how? In any kind of situations not just trading but like public speaking or taking exams we don't feel scared if

we are confident enough. So just build your confidence in yourself and it will be useful not just in trading but from

anything you do. The best way is to not praise yourself but to take effort. For example when taking test, we feel

confident that we will pass the test when we review and study enough. The same also applies to trading if we

analyze and make a well thought plan then we will feel confident about it.

Taking an exam and doing trading is a different thing since we know that taking exams is quiet bit easy since we could able to study the possible answers that would be putted on the test paper unlike on doing forex which everyday prices are random and move in different ways which we could not make any studies out of it but there are really ways that we could able to overcome it.

Potato Chips

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Quote from: sunsilk on December 22, 2016, 07:18:53 AM

Quote from: ilovefeetsmell on December 22, 2016, 12:49:53 AM

to overcome is to learn from your past experienced. It is easy to us to act or to move for the better. Loser was also a good trader, maybe you're pointing out was slightly true but we can considered it as our failure. Learning from the past is to prevent to have a failure or to lose again. My classmate lose his bitcoin, and now he knows what to do in his next step.

Well we aren't going to be a good trader if we will not experience and suffer lose. And yes, because of our experiences that is teaching us on how to be better.

I've been trading for a longer time already but at first I was thinking and I am very afraid to lose.

But when I realize on how the market moves and lose is just normal. So if you are good enough you just need to face it and do better for the next trade.

We are all afraid of losing and sometimes it hinders us to take on new opportunities so it is better to get rid of it?

Now how? In any kind of situations not just trading but like public speaking or taking exams we don't feel scared if

we are confident enough. So just build your confidence in yourself and it will be useful not just in trading but from

anything you do. The best way is to not praise yourself but to take effort. For example when taking test, we feel

confident that we will pass the test when we review and study enough. The same also applies to trading if we

analyze and make a well thought plan then we will feel confident about it.

sunsilk

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Quote from: ilovefeetsmell on December 22, 2016, 12:49:53 AM

to overcome is to learn from your past experienced. It is easy to us to act or to move for the better. Loser was also a good trader, maybe you're pointing out was slightly true but we can considered it as our failure. Learning from the past is to prevent to have a failure or to lose again. My classmate lose his bitcoin, and now he knows what to do in his next step.

Well we aren't going to be a good trader if we will not experience and suffer lose. And yes, because of our experiences that is teaching us on how to be better.

I've been trading for a longer time already but at first I was thinking and I am very afraid to lose.

But when I realize on how the market moves and lose is just normal. So if you are good enough you just need to face it and do better for the next trade.

btcdiggingmaster

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Quote from: xIIImaL on December 21, 2016, 11:13:07 PM

Quote from: dihari on December 21, 2016, 08:12:12 PM

If you want to be a simple trader, with no worries about loosing money. Well just keep your money in btc at some exchangers. Then you'll see how your money growth.

When we do huge amount in trade also we need not be in fear. Just we need to be skilled and you need to use escrow while having the trade with the people. That would be the best option for lose in money.

I don't think so because big exchanges like polo, bittrex they don't have any escrow for trading. Trading will be done individually are else you need to find one who is good at trading. The best part you need to overcome your fear of losing money before giving that money to third party for trade. Try to learn by yourself, it may take some time but you will reach there for sure.

bravehearth0319

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Quote from: virtualkeybuyer on December 03, 2016, 04:31:40 PM

I think we have to keep in mind that yes there are chances to lose in trading but if a person is losing without any bad conditions occur to him or to the market then he is not considered as an expert trader but there will be some inabilities in his skills which will need to be polished after that we can say that he will be an expert trader.

I just want to correct something regarding about in trading, Losing into it is really a part of playing in trading. And I do believe that the more we lose while we do trade in the platform exchange, we became more sharpen and aggressively continue to do it again.

ilovefeetsmell

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to overcome is to learn from your past experienced. It is easy to us to act or to move for the better. Loser was also a good trader, maybe you're pointing out was slightly true but we can considered it as our failure. Learning from the past is to prevent to have a failure or to lose again. My classmate lose his bitcoin, and now he knows what to do in his next step.

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Quote from: xIIImaL on December 21, 2016, 11:13:07 PM

Quote from: dihari on December 21, 2016, 08:12:12 PM

If you want to be a simple trader, with no worries about loosing money. Well just keep your money in btc at some exchangers. Then you'll see how your money growth.

When we do huge amount in trade also we need not be in fear. Just we need to be skilled and you need to use escrow while having the trade with the people. That would be the best option for lose in money.

yeah , The probability of loss money in trading is same whether you are going to small trade or big trade .
The main factor is here to take patience . Because if you will made buy and sell speedly before increase the price then you will loss about 30% your initial money invested in particular altcoin .
So once you purchase the altcoin then wait until t price goes up .

xIIImaL

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Quote from: dihari on December 21, 2016, 08:12:12 PM

If you want to be a simple trader, with no worries about loosing money. Well just keep your money in btc at some exchangers. Then you'll see how your money growth.

When we do huge amount in trade also we need not be in fear. Just we need to be skilled and you need to use escrow while having the trade with the people. That would be the best option for lose in money.

Caladonian

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Quote from: dihari on December 21, 2016, 08:12:12 PM

If you want to be a simple trader, with no worries about loosing money. Well just keep your money in btc at some exchangers. Then you'll see how your money growth.

simple as that and you will enjoy your ride as btc hype still on going we pass 800 $ mark and we are nearing to 900$ i guess before the end of this year or first quarter of 2017 we will be able to reach 1k$ just like other said if you are not familiar with any alt trade don't force yourself because you will just waste your money as we seen more and more price rise from btc.

dihari

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If you want to be a simple trader, with no worries about loosing money. Well just keep your money in btc at some exchangers. Then you'll see how your money growth.

freemanjackal

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bitcoin investments are could be considered as trading, i am considering this site
https://mybitcome.com/?ref=freeman
to invest some coins, because i do not know how to trade with bitcoins, it really cost me reach this amount, for losing it so easy

http://mybitcome.com/728x90.gif" border="0">

EvolveMarkets

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It's not only the fear of losing money; successful traders must also NOT have a subconscious fear of success and making profits. Most people that try trading find themselves willing to sit in losses for lengthy amounts of time but quickly take profits that are never proportionate to the risk taken. This is due to a natural subconscious fear of success that most people have. If you go into a trade believing the odds are against you then the odds will be against you!

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Quote from: BitcoinHodler on December 21, 2016, 09:45:47 AM

Quote from: tradesup on December 20, 2016, 02:36:17 PM

Of course losing money is all part of the game, but it helps to mitigate those losses as much as possible, especially if you enjoy trading, and want to continue trading well into the future.

losing money alone is not a problem at all, what you do after losing money is the important part.
some people get depressed and leave, some call it gambling but some instead of all that start thinking about their mistakes and how they can fix those mistakes and that is what matters most.

When a trader is capable of correcting and not repeating his mistakes then there would be no need of getting fear of losing his capital in trading.

I do see it is similar to an emotion failure but due to lack of knowledge also it may happen. Rectifying mistakes also needs skill and experience, so becoming a perfect trader needs lot of dedication to learn many things.

BitcoinPanther

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Quote from: buwaytress on December 21, 2016, 03:07:17 PM

Quote from: BitcoinPanther on December 19, 2016, 10:32:27 AM

Quote from: bitcoinisbest on December 19, 2016, 09:46:29 AM

I liked this thread because this is very important statement especially if you want to make money with money. Be it whatever field you may be without risk nothing much is there and with risk you got lots of options to explore. It should always be based on research and not on rumor while investing in it. You should be risk taker and not risk averse to make money.

Actually those who invest smartly are no risk takers. Why? They can see risk and study it. When the risk factor can't be minimized smart investors will not join on that risky ventures. Smart investor don't just charge whenever there are opportunity laid in front of them. They always study stuff and weigh the risk and check if it can be mitigated. They are not afraid to lose money but they are not dumb to just go on a venture without securing that the investment will yield a profit.

Not to say no risk takers, but just only have an appetite for the tiniest risk. I mean, even depositing money into a bank for tiny amounts of interest is still a risk. Look what happens to a country when it goes bankrupt... how many Greeks lost (part of) their savings when their government just couldn't honour their deposits?

Even if you are telling about another story, I got to accept your point of view, because even eating has risk Cheesy

.
Government and banks being bankrupt is one of the uncontrolled event because they will never tell you that they are bankrupt until they really are bankrupt. As for the smart investors, they study risk and plan ahead on how to counter the risk making the risk to nothing at all. If they cannot remove the risk, this smart investor will not venture in it.

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Quote from: BitcoinPanther on December 19, 2016, 10:32:27 AM

Quote from: bitcoinisbest on December 19, 2016, 09:46:29 AM

I liked this thread because this is very important statement especially if you want to make money with money. Be it whatever field you may be without risk nothing much is there and with risk you got lots of options to explore. It should always be based on research and not on rumor while investing in it. You should be risk taker and not risk averse to make money.

Actually those who invest smartly are no risk takers. Why? They can see risk and study it. When the risk factor can't be minimized smart investors will not join on that risky ventures. Smart investor don't just charge whenever there are opportunity laid in front of them. They always study stuff and weigh the risk and check if it can be mitigated. They are not afraid to lose money but they are not dumb to just go on a venture without securing that the investment will yield a profit.

Not to say no risk takers, but just only have an appetite for the tiniest risk. I mean, even depositing money into a bank for tiny amounts of interest is still a risk. Look what happens to a country when it goes bankrupt... how many Greeks lost (part of) their savings when their government just couldn't honour their deposits?

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Quote from: tradesup on December 20, 2016, 02:36:17 PM

Of course losing money is all part of the game, but it helps to mitigate those losses as much as possible, especially if you enjoy trading, and want to continue trading well into the future.

losing money alone is not a problem at all, what you do after losing money is the important part.
some people get depressed and leave, some call it gambling but some instead of all that start thinking about their mistakes and how they can fix those mistakes and that is what matters most.

Quote

If so, there are a few things you can do to mitigate risks, including trading on reputable and safe exchanges like Alcurex.com - where you have a large variety of altcoins to choose from, dividend stocks, and many more trading options that allow for fast withdrawals and deposits.

It is easier to make money on exchanges that are active, and offer greater trading options.

alcurex is not as reputable as other exchanges that were around for a long time. and you are the first one who is calling them like this. advertising?
anyways, i personally prefer places that have been around for a while to invest my money.

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Of course losing money is all part of the game, but it helps to mitigate those losses as much as possible, especially if you enjoy trading, and want to continue trading well into the future.
If so, there are a few things you can do to mitigate risks, including trading on reputable and safe exchanges like Alcurex.com - where you have a large variety of altcoins to choose from, dividend stocks, and many more trading options that allow for fast withdrawals and deposits.

It is easier to make money on exchanges that are active, and offer greater trading options.

BitcoinPanther

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Quote from: bitcoinisbest on December 19, 2016, 09:46:29 AM

I liked this thread because this is very important statement especially if you want to make money with money. Be it whatever field you may be without risk nothing much is there and with risk you got lots of options to explore. It should always be based on research and not on rumor while investing in it. You should be risk taker and not risk averse to make money.

Actually those who invest smartly are no risk takers. Why? They can see risk and study it. When the risk factor can't be minimized smart investors will not join on that risky ventures. Smart investor don't just charge whenever there are opportunity laid in front of them. They always study stuff and weigh the risk and check if it can be mitigated. They are not afraid to lose money but they are not dumb to just go on a venture without securing that the investment will yield a profit.

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Quote from: Yutikas_11920 on December 19, 2016, 10:07:32 AM

Quote from: bitcoinisbest on December 19, 2016, 09:46:29 AM

I liked this thread because this is very important statement especially if you want to make money with money. Be it whatever field you may be without risk nothing much is there and with risk you got lots of options to explore. It should always be based on research and not on rumor while investing in it. You should be risk taker and not risk averse to make money.

Yeah it's true. If we have an awful lot of risks that are located in the world of work or a place to make money, because all things about finding money surely has to do with how to remove all of the power that we have. good thoughts, muscle, power and energy. so all this has risks of its own. so, we can not eliminate the risk, but we can minimize the risk with projected the correct job. Do the right thing and certain other investment or jobs that will benefit you

The thing is, you need to take calculated risks when making a serious move. Be it regarding your money or taking decisions with other matters in life. Try to see it in all possible angles. What will happen if it backfires on you? Will you be able to handle it? Get answers to these questions and decide to make a move.

Yutikas_11920

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Quote from: bitcoinisbest on December 19, 2016, 09:46:29 AM

I liked this thread because this is very important statement especially if you want to make money with money. Be it whatever field you may be without risk nothing much is there and with risk you got lots of options to explore. It should always be based on research and not on rumor while investing in it. You should be risk taker and not risk averse to make money.

Yeah it's true. If we have an awful lot of risks that are located in the world of work or a place to make money, because all things about finding money surely has to do with how to remove all of the power that we have. good thoughts, muscle, power and energy. so all this has risks of its own. so, we can not eliminate the risk, but we can minimize the risk with projected the correct job. Do the right thing and certain other investment or jobs that will benefit you

Topic: you need to overcome your fear of losing money - page 63. (Read 52926 times)