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Topic: you need to overcome your fear of losing money - page 7. (Read 52926 times)

MV7
full member
Activity: 322
Merit: 107
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Honestly I think it's better to think of crypto money as "chips" like when you play poker. If you start thinking in terms of how crypto is just straight money that you can use to buy dinner or something, it will probably make you too scared to pull off any trades that may be very profitable in the long run.

Obviously, don't invest more than what you can lose. But with the money you do invest, don't be so scared of losing money. Everyone loses money trading at one time or another.
member
Activity: 109
Merit: 10
Investment is for risk takers, you should take the risk to earned money; in order to obtain the good life in future that you are dreaming for.
full member
Activity: 308
Merit: 119
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I think that's false . A trader will do his best to not lose and study and do everything in his power to minimize his losses if there are any. Not just sit there and take a beating while saying losing is part of trading . Yes losing is part of trading but that dosn't necesserly mean you can't do anything about it . Losing is still losing and it sucks ,even if you might learn from it . It's better to learn how to act when you start losing and be fearful of it , If you are fealess of losing you will never see gains . Fear could be a motivation if you learn how to use it in a positive way and in your best intresst.
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I think the psychology of trade is a very important thing. If you can not plan, define your path, you will easily lose. You will again have problems with financial matters and capital allocation. You should learn and participate in psychological classes when dealing to always be psychologically ready to face market fluctuations, not afraid of fear.
You do not need to learn this knowledge from anyone, it is the basic skill for the life. You can not understand your emotion, you will be loss. It is very simple. You just need to find the reason make you worry, feel bad about which coin you invested ..., then, find the solution to solve that issue.
full member
Activity: 476
Merit: 108
Even how experienced and good trader you are you will eventually loss in some of your investment because we cannot predict what and how market reacts though chart and other trading signals are very useful in determining market trend but sometimes it fails also. losing in some of your investment help you to become a more better trader overtime.
member
Activity: 270
Merit: 10
It is necessary to trade only on those money which it is not a pity to lose.If the money that you have deposited on your deposit is too expensive for you, the fear of losing them will never go away. It is better to start with the lowest possible amount, which means nothing to you (or at least its loss is not critical for you). And gradually increase the deposit taking into account your psychological resistance to the number of zeros on the account.
member
Activity: 294
Merit: 10
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I think the psychology of trade is a very important thing. If you can not plan, define your path, you will easily lose. You will again have problems with financial matters and capital allocation. You should learn and participate in psychological classes when dealing to always be psychologically ready to face market fluctuations, not afraid of fear.
sr. member
Activity: 958
Merit: 265
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
That's true losing is a part of successfully trading even professional traders loses money in trading they're not always winninng, Bitcoin trading is like gambling you need to take the risk before entering this game it is normal to traders to lose sometimes but not always it's good that you see your portfolio that you have more wins than loses and that is very inspirational.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
Well you will not be a professional trader if you will not experience to be lose in trading because people who are experience of losing is one of the kind of study that you will learn that if you lose and then you will not do it again and learn to stop your own method and do other method to be successful in some ways., trading is not the same risk in gambling depends if you can choose what altcoin is safe..
We could always think that experience is the best teacher that could teach us to deal with the right and better decision as a whole. And if we always have tear and would hesitate on the opportunity Bitcoin give us , we may also wasted this opportunity. It could be better to learn and to step by step educate ourselves with the information about the system of Bitcoin on tranaactions that in the future could give us a chance to earn and to gain profit.
member
Activity: 294
Merit: 11
The trader does not just trade, he manages the risks. If you have correctly drawn up a trading plan, decided when to buy and sell, conducted a technical analysis, trade on large stock exchanges, then losses will be rare and minimal
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Just like our nature fear, the fear keeps us away from the threats and so they keep us safe. But the fear in trading is not good, you need to believe in yourself and continue to trade. Only buy trading a lot can you earn experiences in trading so that you can be a good trader. By the way, there's one thing that's similar to the nature fear that is the fear keeps you far away from losing and you will do anything needed to cover your balance.
hero member
Activity: 2814
Merit: 576
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
All of successful traders and investors have the characteristic of risk taker. They are always positive so they don't have fear to lose their money. We should become a risk taker for us to overcome our fear of losing money.

Risk taking is a ability which is compensated by the reward. Higher the risk chances are better would be reward though it is not compulsory. Yes you need to have a risk taking ability when you are trading, investing etc and in bitcoin and other currencies chances of losing is higher due to its volatility and the country banning this currencies.

But you need to really calculate the risk in order to make a good decision, there is a higher risk when you do not study what you are doing.
Trading is profitable if you are good in trading because anytime you can trade and you can make money, but if you are not, of course you can easily lose money.
sr. member
Activity: 1512
Merit: 316
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
All of successful traders and investors have the characteristic of risk taker. They are always positive so they don't have fear to lose their money. We should become a risk taker for us to overcome our fear of losing money.

Risk taking is a ability which is compensated by the reward. Higher the risk chances are better would be reward though it is not compulsory. Yes you need to have a risk taking ability when you are trading, investing etc and in bitcoin and other currencies chances of losing is higher due to its volatility and the country banning this currencies.
hero member
Activity: 3010
Merit: 666
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
All of successful traders and investors have the characteristic of risk taker. They are always positive so they don't have fear to lose their money. We should become a risk taker for us to overcome our fear of losing money.
That's right, if we won't risk we will not see our money grow.
I think it's normal as an investor or a trader and if you are afraid of taking risk then you just have to play safe and never
be in the crypto world as there is no room for no risk takers here. You want to make money or even make a fortune, then you need to have the balls to take this high risk venture.
sr. member
Activity: 952
Merit: 274
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
All of successful traders and investors have the characteristic of risk taker. They are always positive so they don't have fear to lose their money. We should become a risk taker for us to overcome our fear of losing money.
full member
Activity: 406
Merit: 174
An important thing many investors in crypto don't realize is that they haven't actualized any losses until they cash out. The tokens or BTC you have in your portfolio are the same whatever the price is, and this price changes drastically month to month as we all know. Therefore, don't think each day that you've "lost" or "gained" money, since neither have happened until you cash out. And if you're afraid to cash out at a loss, then don't sell at a loss. Simple.
member
Activity: 140
Merit: 16
You are absolutely right
But the general majority of the people investing in bitcoin do not have problems with this
They chose bitcoin which is already a risky investment and are not afraid of risk.
They should learn the importance of not losing money

full member
Activity: 196
Merit: 100
I think that trading costs a lot in terms of nerves and mental power. I'm a day-trader for almost a year, and this started to take a toll on me. I learned to accept the losses easily, even if we're talking about thousands of dollars. I don't stress about that anymore. And I think that it is really important to accept the losses as a part of the game and not lose your spirit. I lost almost 70% a few months ago in a crash (I was on margin, so that made things way worse). A few days ago I drew a line and not did I made my money back I even made a huge profit.
full member
Activity: 476
Merit: 100
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You should be brave here in this cryptocurrency world because there is a time that you will experience loss. Losing is part of becoming a expert trader, I think you should overcome your fear of losing money.
hero member
Activity: 1302
Merit: 503
If you want to be successful trader must be psychologically strong,ups and down are part of the trade so never panic yourself.If you feel that you are loosing just hold and make it long term investment and focus another portfolio this strategy will work and you will earn beyond the expectations.
- Yeah, trading is always a risky game, anyone can not avoid the loss, and a successful trader needs to pass this stage, a stage that I think is the most important if we want to grow and go further in our careers. The fear of losing money is very normal, it is not too scary or too terrible, the most important thing is that we need to keep our psychology stable, calm, should not let it oscillate too much, the key to this is the experience and clear understanding of the market, it is the foundation for building a strong psychology that helps us overcome fear
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