Topic: you need to overcome your fear of losing money - page 64. (Read 52926 times)
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.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yes but one should only lose as much as one can afford to lose.Do not put your all earnings,holdings or all money in trading.
That said,I would like to share that I have made %200 times profit in just 3 days with trading. I played it safe and invested just .03 btc on two different platform,bought two different crypto and sold them
Buy remember not to trade in any coin.Choose wisely
That is the basic rule in trading and gambling that play with what you can lose should not affect you. In Trading the main key is patience because impatience can lead you to loss. impatience is also a type of fear and should have faith first on your trade. But you cannot apply same rules in other Altcoins as they dont have long term valuation just like bitcoin so in altcoin you should book profit very soon or according to the analyse
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yes but one should only lose as much as one can afford to lose.Do not put your all earnings,holdings or all money in trading.
That said,I would like to share that I have made %200 times profit in just 3 days with trading. I played it safe and invested just .03 btc on two different platform,bought two different crypto and sold them
Buy remember not to trade in any coin.Choose wisely
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.
Yes, because once you have accepted that there is a chance of losing that will not hurt you once you lost. And if you have the fear of losing money then you are not worthy to accept some risks in investments for all types of investments has risks. Even though you are just into holding of bitcoins still there is a possibility that instead of getting profit, you will have losing chance.
I don't think that by just simply holding your bitcoins will make you lose the value of your bitcoin. Because many are believing that the more bitcoin we will be holding the more chance of making our bitcoins to have higher value because of its price increase but still we must not be confident with that. As there is a also a chance of losing its value.
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
There is really no assurance in life all has to take risk. Trading is just also like taking a board exam if you are afraid of failing the exam then you are really a failure. But if you took the board exam and accepts whatever the results is then you are a risk taker and can do even better . 
Loosing money is the process of learning and leads to be more strong and lets you earn money safely later. There are two process of learning, Simple/direct way and Hard/indirect way. Loosing money is the hard way, but you learn something you never gonna forget and won't repeat the mistake by any chance.
I agree. Overcome your fear of losing money is a very important thing you need to have while trading. There were many times when I was to fear to convert my capital into some potential coin and I decided not to buy any of them. Then, I realized I had just missed the biggest chance to earn more money.
Losing isn't always the end, sometimes it becomes the beginning... When we lose, we become more wiser...
Through trading, experience is the best so can minimize our lose... Research Read Reduce your lose.....
Through trading, experience is the best so can minimize our lose... Research Read Reduce your lose.....
Well, it's logical what you say, but it doesn't suit to all people. I know myself and if I would see that the price is going down I surely would start to panic about my finances. Maybe that's why I don't trade, but I know that bitcoin is the best way for reading this days, but the high risk of bitcoin stops me.
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I take trading same as Gambling. In fact, I take Life as a gamble, and as far as I know I gamble with what I can bear to lose
Yes, as a trader you should be ready to lose money especially when you are just a newbie and still learning to trade. But an experienced trader will try to minimize his/her loses using different ways.
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.The main difference is the level of risk that people are willing to take, and what kind of returns are enough for you to be happy with.
Some people just want to save money where the generated interest will cover all sorts of tax expenses, and the other is looking for gains of +50% annually.
In the latter example you obviously need to understand and accept the risks as you depend on the markets everywhere in the world. Today's profits can turn into heavy losses the next day.
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.
Yes, because once you have accepted that there is a chance of losing that will not hurt you once you lost. And if you have the fear of losing money then you are not worthy to accept some risks in investments for all types of investments has risks. Even though you are just into holding of bitcoins still there is a possibility that instead of getting profit, you will have losing chance.
Well, no person loves to lose anything because it is a natural condition in the human nature. But it is undoubted that all financial investments with high yields involve the possibility of losing money, especially when we use high leverage or trade very volatile instruments.
So controlling our emotions and setting up a strong strategy and a solid money management is a must for all traders, and this involves a mental preparation to cut losses in the right time.
So controlling our emotions and setting up a strong strategy and a solid money management is a must for all traders, and this involves a mental preparation to cut losses in the right time.
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.
Yes, because once you have accepted that there is a chance of losing that will not hurt you once you lost. And if you have the fear of losing money then you are not worthy to accept some risks in investments for all types of investments has risks. Even though you are just into holding of bitcoins still there is a possibility that instead of getting profit, you will have losing chance.
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.
Losing money is a part of making it grow. If you are always afraid to take risks for bigger rewards then trading and being successful is not for you. Most successful investors and traders first experienced losing a significant portion of their investments before making it big. I am not saying that you should always lose money to gain more. What I'm saying is, through experience, you learn to calculate your risks and lessen the mistakes you are to make in your future endeavors.
I agree that by experience things first hand we can learn things. And learning things there are errors or mistakes we can make that can result to loses especially when we are in trading. But there is another way of learning where we can avoid losing thru observation and studying the failure of other people. Yes, we can make other peoples experience teach us and avoid the previous mistakes they have. By getting a sample case, we can then create strategy to minimize risk factor which eventually save us from losing a huge amount of money.
Losing money is a part of making it grow. If you are always afraid to take risks for bigger rewards then trading and being successful is not for you. Most successful investors and traders first experienced losing a significant portion of their investments before making it big. I am not saying that you should always lose money to gain more. What I'm saying is, through experience, you learn to calculate your risks and lessen the mistakes you are to make in your future endeavors.
I agree that by experience things first hand we can learn things. And learning things there are errors or mistakes we can make that can result to loses especially when we are in trading. But there is another way of learning where we can avoid losing thru observation and studying the failure of other people. Yes, we can make other peoples experience teach us and avoid the previous mistakes they have. By getting a sample case, we can then create strategy to minimize risk factor which eventually save us from losing a huge amount of money.
Losing money is a part of making it grow. If you are always afraid to take risks for bigger rewards then trading and being successful is not for you. Most successful investors and traders first experienced losing a significant portion of their investments before making it big. I am not saying that you should always lose money to gain more. What I'm saying is, through experience, you learn to calculate your risks and lessen the mistakes you are to make in your future endeavors.
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