you need to overcome your fear of losing money - page 66.

maydna

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Quote from: Bestwishes745 on December 14, 2016, 04:22:35 AM

Yeah that is right that expert traders do not care if they lose and they continue further as they have trust on their skills and they know that they can easily recover their lose at any other place at any other asset. But the newbies have the problem that they often leave trade when they see some loss.

i think is not right, even expert traders is really concern with their loss but they don't show to every one but they consider that their loss is good for their experience so they can learn many things from that and then they will do the best thing that they can. and its really good for every people that we should not fear of losing money while we doing trading because its normal, sometimes we get profit and the other time we can get loss, its like wheel of fortune.

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You can't totaly overcome the fear of losing money. Even if you are rich you have that fear and you don't want to lose the money. The truth is also that without risk you can get profit but it seems to me that is crucial to find some kind of balance and make the smart risk in the way this is possible.

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The reason this sounds similar to gambling philosophy is simply because a lot of the "trading" really is gambling, and your brokers are the house. The house edge is the spread. At least crypto-based gambling attempt provably fair transparency. Do you even know for sure your trades are triggered or closed fairly?

icecube45

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Yes you're right, it's lost in the trade normal because prices are always fluctuating and full of surprises. Very difficult to be always profitable in the trade without losing. If you have good money management is certainly the loss will not exceed profits. The most important thing is always to learn the trade and be patient in order to find the best strategy. Need lot of experience to be a professional trader can always profit.

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Quote from: Bestwishes745 on December 14, 2016, 04:22:35 AM

Yeah that is right that expert traders do not care if they lose and they continue further as they have trust on their skills and they know that they can easily recover their lose at any other place at any other asset. But the newbies have the problem that they often leave trade when they see some loss.

Thats common since they dont have enough knowledge and exposure the more we experience loses the more we understand how to prevent things to happen again and we will look for more idea on how to improve our self for sure if you have this principles you will able to survive.

Bestwishes745

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Yeah that is right that expert traders do not care if they lose and they continue further as they have trust on their skills and they know that they can easily recover their lose at any other place at any other asset. But the newbies have the problem that they often leave trade when they see some loss.

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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.

Since every Bitcoiner will suggest to newbie to do for two things that trading and campaign advertisement .
But most of the Bitcoiner made much loss in the starting and results into the loss of Bitcoin or money due to less knowledge and less patience .
My story is similar to this where I made a big loss in starting but got a huge profit after a long knowledge .
So we can say find and loss are part of every job .

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Quote from: Victorycoin on December 12, 2016, 06:57:35 PM

Quote from: Zadicar on December 12, 2016, 09:28:56 AM

Quote from: jvc12 on December 12, 2016, 04:52:11 AM

life is full of fear and for one to make it in life you have to overcome fear and for any one to get involved in any business you have to know the in and out of the business before you can start it up because that will give you the confident to overcome your fear of losing your money in any business you do because the main aim of any business is for making profit.

Fear is really a normal thing or emotion that will come out when we are talking about investments because we are talking about money and we all know that money is valuable for us and we are really afraid to lose it thats why we should really prepare ourselves on this matter and we should really take risk to earn money because if you let your emotions overcome you then theres no development into your plans.

We are humans and fear is one of those attributes that makes us humane. No matter how hard we try, we can never eradicate it all and best a trader can do is to bring their emotions in check. The other side of the coin is that fear is often the reason we did not take a step that went on to become a disaster. Fear often puts us on alert to be cautious,to evaluate and re-evaluate one's stand before taking a side.

that's true if fear sometimes help us to be more careful and thinking more than twice before taking a step that make us could avoid disaster and money losing. we don't need to overcome the fear of losing money but control it and always being cautious of everything because fear is the only thing that sometimes make many people really cautious about the current circumstances

hajimasan

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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.

Yes I Agree with you Losing Money I'm Trading is possible Sometimes but not every time and if you are losing money every time you buy a coin then you need to gain some knowledge in trading and then start with a small amount to get experience because experience always comes from bad experiences.

sevendust777

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When we aim to reach our goal we need to overcome our fear of losing money...
If we have not overcome our fears in life we cannot reach success...
Thus, we need is determination, overcome fears so we can avoid losing money...

Victorycoin

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Quote from: Zadicar on December 12, 2016, 09:28:56 AM

Quote from: jvc12 on December 12, 2016, 04:52:11 AM

life is full of fear and for one to make it in life you have to overcome fear and for any one to get involved in any business you have to know the in and out of the business before you can start it up because that will give you the confident to overcome your fear of losing your money in any business you do because the main aim of any business is for making profit.

Fear is really a normal thing or emotion that will come out when we are talking about investments because we are talking about money and we all know that money is valuable for us and we are really afraid to lose it thats why we should really prepare ourselves on this matter and we should really take risk to earn money because if you let your emotions overcome you then theres no development into your plans.

We are humans and fear is one of those attributes that makes us humane. No matter how hard we try, we can never eradicate it all and best a trader can do is to bring their emotions in check. The other side of the coin is that fear is often the reason we did not take a step that went on to become a disaster. Fear often puts us on alert to be cautious,to evaluate and re-evaluate one's stand before taking a side.

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Quote from: Fatanut on December 12, 2016, 09:11:34 AM

Quote from: Omura on December 11, 2016, 09:47:25 AM

You need to trade with money that you are comfortable losing, then the fear is eliminated. For example if you traded with 100 satoshis, you will not have a fear of losing your money.

You just need to find that amount for yourself, it's different for everyone.

Well, a total beginner would be too scared to even put a dollar invest a dollar in altcoin trading. I think that you don't have to actually force yourself to overcome your fear of losing money. After the long process, it would come to the point that you have already overcome your fear. You might not even notice it. When risking money becomes a normal thing to you, then that surely is the time that you've overcome your fear.

Yes we should avoid the fear so that you will have a firm decision of investing profitable trading site because nothing will happen beyond your fear if you always let fear to dominate you most of the time. That fear is your negative energy which resist good insights that will prevent you in deciding positive things, so in order to avoid it read the trading site reviews of its reputation and always believe in yourself and ask guidance from old traders that can help you specially if you are a newbie in trading.

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Quote from: jvc12 on December 12, 2016, 04:52:11 AM

life is full of fear and for one to make it in life you have to overcome fear and for any one to get involved in any business you have to know the in and out of the business before you can start it up because that will give you the confident to overcome your fear of losing your money in any business you do because the main aim of any business is for making profit.

Fear is really a normal thing or emotion that will come out when we are talking about investments because we are talking about money and we all know that money is valuable for us and we are really afraid to lose it thats why we should really prepare ourselves on this matter and we should really take risk to earn money because if you let your emotions overcome you then theres no development into your plans.

Fatanut

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Quote from: Omura on December 11, 2016, 09:47:25 AM

You need to trade with money that you are comfortable losing, then the fear is eliminated. For example if you traded with 100 satoshis, you will not have a fear of losing your money.

You just need to find that amount for yourself, it's different for everyone.

Well, a total beginner would be too scared to even put a dollar invest a dollar in altcoin trading. I think that you don't have to actually force yourself to overcome your fear of losing money. After the long process, it would come to the point that you have already overcome your fear. You might not even notice it. When risking money becomes a normal thing to you, then that surely is the time that you've overcome your fear.

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Quote from: ethereumhunter on December 12, 2016, 07:03:52 AM

Quote from: Potato Chips on December 12, 2016, 06:58:16 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.

This quote is so great that every trader or people who wants to trade must remember this because it speaks the reality that all traders has lost a one or two in trading.

That's why it is important to know that losing is a part of trading and those who won't take its risks will not succeed.

This thing called fear are also often experienced by traders and to lessen this, Why not just trade with small amounts?

because every traders want to make big profit so they can risk for the big amounts but with limit of experienced, it is not good for the traders and we should learn step by step before we make trading with big amount. losing money is a good experience for us so we can learn more in trading and we can learn to make a good prediction in the price so we can avoid losing money in future.

Right when we lose we gain experience and we avoid losing again. We got fear on losing that we will not allow yourself to do it again. We need to focus and make more effort in investing or trading. We need to go far from gambling.

ethereumhunter

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Quote from: Potato Chips on December 12, 2016, 06:58:16 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.

This quote is so great that every trader or people who wants to trade must remember this because it speaks the reality that all traders has lost a one or two in trading.

That's why it is important to know that losing is a part of trading and those who won't take its risks will not succeed.

This thing called fear are also often experienced by traders and to lessen this, Why not just trade with small amounts?

because every traders want to make big profit so they can risk for the big amounts but with limit of experienced, it is not good for the traders and we should learn step by step before we make trading with big amount. losing money is a good experience for us so we can learn more in trading and we can learn to make a good prediction in the price so we can avoid losing money in future.

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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.

This quote is so great that every trader or people who wants to trade must remember this because it speaks the reality that all traders has lost a one or two in trading.

That's why it is important to know that losing is a part of trading and those who won't take its risks will not succeed.

This thing called fear are also often experienced by traders and to lessen this, Why not just trade with small amounts?

iram3130

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It's about the balancing. The end result should be Winning > Losing. That's all that matters. But yes the topic is perfectly true. I too was much afraid of losing at first. But after sometimes I have understood that it is the perfect philosophy to learn and grow in the trading and gambling. So now I just try to win more rather than being afraid in losing.

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Quote from: capoeira on December 12, 2016, 06:08:52 AM

you heartbeat frequency should not rise when you enter a trade, and you should cut losses before it rises Grin

There is nothing to get worried of being into the trading. Price movement happens often, one needs to try with his experiences to get the profit possible. Most of the time traders loss when they place big profit margins. To have continued trading minimal profit with increased trust helps.

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you heartbeat frequency should not rise when you enter a trade, and you should cut losses before it rises Grin

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