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Economy => Trading Discussion => Topic started by: thecryptogandalf on February 02, 2023, 12:55:26 PM



Title: The 4 trading fears and how to overcome them
Post by: thecryptogandalf on February 02, 2023, 12:55:26 PM
Hey guys, I have summarized an article about the 4 main fears and how to overcome those fears. Source to full article:blog.cleo.finance (https://blog.cleo.finance/the-4-trading-fears-and-how-to-overcome-them/[/url) - Source to Tradingview:  (https://www.tradingview.com/u/CleoFinance/#published-charts)

We all face those fears as traders and it can cloud our judgment and hinder our success in the market.

Hope you find it useful.

Trading in the financial markets, whether it be forex or cryptocurrency, can be a thrilling yet challenging experience. As traders, we are often faced with fears that can cloud our judgment and hinder our success in the market.

The 4 fears of every traders:

1.Fear of being wrong:


The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.

Every misstep is a chance to analyze what went wrong and improve our strategy for the next trade. Embrace the possibility of being wrong and use it as fuel to become a better trader. Remember, even the most successful traders make mistakes and face losses all the time. The key is to learn from those mistakes and come back stronger.

2. Fear of losing money:

The fear of losing money is natural for traders, but it can control their decisions, leading to hesitancy in taking risks, missing opportunities, or premature exit of positions. So instead of letting the fear of losing money paralyze you, turn it into a strength. Use it as motivation to develop a comprehensive trading plan that incorporates effective risk management strategies. Accepting that losses are a natural part of trading, and using them to improve strategies and approach.

3. Fear of leaving money on the table:

The fear of leaving money on the table is a tricky one, as it often arises when we’re in a winning trade. It’s tempting to hold on, hoping to squeeze out even more profits. But this can be a dangerous mindset that can lead to ignoring stop-losses and exposing to unnecessary risk. After all, you don’t have a crystal ball (and aren’t an FOMC member), so you should not expect to buy the exact bottom and sell the exact top.

By having a predetermined exit plan, we can lock in profits, manage risk, and avoid emotional decision-making.

Embrace discipline by having a clear exit strategy that balances the desire for profits with the need for risk management. Trust your strategy and stick to your plan to be in a better position to capitalize on future opportunities.

4. Fear of missing out (FOMO):

The fear of missing out (FOMO) is a feeling that all traders have faced at some point especially prevalent in a volatile market. It can be tempting to jump in without fully analyzing the situation. But succumbing to FOMO can lead to hasty decisions based on emotions, rather than logic, which can result in costly mistakes (emotions causing mistakes…do you see a pattern?).

Traders should resist the temptation of FOMO by sticking to their trading plan, making informed decisions based on logic and analysis, and taking time to thoroughly analyze each opportunity. Trust in your strategy and stick to your plan, even when it feels like the market is passing you by.

https://i.ibb.co/9ymJKHf/BR1ROH47.png (https://ibb.co/h2xkQFn)

How to overcome our fears?

1. Develop a solid trading plan

Having a well-defined trading plan can help manage risks and make informed decisions. The plan should include goals, risk management rules, and entry/exit strategies. Following the plan can ensure discipline and avoid emotional decisions.

2. Practice risk management

By setting clear stop-loss levels and position sizes, we can minimize our losses and protect our capital. This can give us the confidence to take on appropriate levels of risk and pursue potential trading opportunities.

3. Realize that your ego is the enemy

How many times have you held a losing position past your stop loss and literally prayed for the break-even? Did anything fundamentally change about your position? No, you just didn’t want to take the loss, am I right? See, even though we know that losses are part of the process it is still very hard for us to accept that any trade can go against us. And sometimes you do everything right, and still lose.

Every trading system works with probabilities. Losses are normal. Let your ego go and stop trying to force a win out of every single position you take. (Add this to your daily affirmation ritual if you must)

4. Stay focused on the long term

Trading is a long-term game, so focus on long-term goals to stay disciplined. Every losing day can be a step closer to the long-term goal if analysed and learned from.

5. Take regular breaks

Trading can be mentally and emotionally draining, so it's important to take breaks to recharge and refocus. This helps avoid rash decisions.

6. Learn from mistakes


This is the big one. Nobody is perfect, and everyone makes mistakes in their trading careers. Analyze past mistakes and use them as growth opportunities.

7. Automate your trading process:

Leveraging technology in your favor can yield a tremendous difference in your trading results and keeping your emotions out of trading.

Cleo.finance lets you do this with minimal effort. You can set multiple take profits and stop losses, understand your risk-to-reward ratio, the trade’s impact on your portfolio and much more before you even place the trade. You can backtest your strategies, trade them live automatically, and more.

Conclusion

The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.


Title: Re: The 4 trading fears and how to overcome them
Post by: jostorres on February 02, 2023, 08:28:10 PM
4. Stay focused on the long term

Trading is a long-term game, so focus on long-term goals to stay disciplined. Every losing day can be a step closer to the long-term goal if analysed and learned from.
Well, trading is not only a long term game. You can also be a mid or short term trader, and have different plans and strategies to earn profits and prevent yourself from excessive losses. We all know that we can't always be in profit, but we can plan our trades based on the form of trading we are doing and focusing a bit on the risk management.

If you refer that learning and practice must need enough days then I agree that to be successful in crypto trading that we need to remain patient for longer period of time; this way it can be referred as a long-term game but actual trading process can be short-term like scalping.


Title: Re: The 4 trading fears and how to overcome them
Post by: dunfida on February 02, 2023, 08:35:16 PM
2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.


Title: Re: The 4 trading fears and how to overcome them
Post by: Finestream on February 02, 2023, 08:48:21 PM
2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.
If you have the fears on losing your capital, losing your expected profits, then you should not be trading in the first place knowing losing is inevitable in trading regardless if you are a veteran on this field. The fear of losing your money will lead you to be more greedy, and create dumb decisions that will eventually ruin everything you have started in trading. So learn to accept losses, as it’s also a part of the process to make you a successful trader in the future.


Title: Re: The 4 trading fears and how to overcome them
Post by: ShowOff on February 02, 2023, 08:58:13 PM
Anything a trader fears in trading means there is risk involved. Trading is an activity that involves real money and it is only natural for traders to be afraid and to be careful with it. I don't see a big problem with that fear, but at least there has to be a solution to overcome that fear and that is knowledge.

Know how the market works, know what the risks are, know how to do analysis, know when to buy, know when to hold, know when to take profits and know how to control yourself from excuses. All of them are useful and they must be related to each other in order to be a profitable trader.


Title: Re: The 4 trading fears and how to overcome them
Post by: Viscore on February 02, 2023, 08:59:39 PM
Anything a trader fears in trading means there is risk involved. Trading is an activity that involves real money and it is only natural for traders to be afraid and to be careful with it. I don't see a big problem with that fear, but at least there has to be a solution to overcome that fear and that is knowledge.

Know how the market works, know what the risks are, know how to do analysis, know when to buy, know when to hold, know when to take profits and know how to control yourself from excuses. All of them are useful and they must be related to each other in order to be a profitable trader.
Manage your fears, that way you will never be at loss. I believe there are always fears in trading but if you keep on settling with that without even finding ways to overcome it, you will always endure losses everytime you trade. That maybe the reason why most of traders end up quitting because they can never overcome the fears and just keep on trading while losing. But if we always do trading with caution, and continue to learn from our mistakes and losses, then we can overcome fears in the long run and be successful traders instead.


Title: Re: The 4 trading fears and how to overcome them
Post by: goaldigger on February 02, 2023, 09:09:08 PM
Those fears are pretty normal for a beginners, they tend to be more emotional as they are still learning the market trend and with that, expect more losses during those time. You’ll just need to overcome this stage by being consistent on learning how trading works and doing your own strategy to analyze the market.

I don’t know if this is just a kind of promoting a site, though automating your trade is quiet ok but I still suggest to have your own timeline for trading and don’t ever trade if you don’t have time to analyze because trading requires time.


Title: Re: The 4 trading fears and how to overcome them
Post by: martyns on February 02, 2023, 10:24:30 PM
2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.
You are right mate,fear of loosing money is the main fear that makes people avoid trading,and when this type of fear comes inside you,it tends to limit your financial growth because in life everything involves risk,and it is very risky to be scared of risk and not taking risk,because the risk you avoid to take today will be detrimental to you tomorrow.Therefore,it is better to take the risk and face whatever thing that becomes the outcome,whether you loose or gain.But in risk management,good strategy is the key.


Title: Re: The 4 trading fears and how to overcome them
Post by: DoublerHunter on February 02, 2023, 10:30:48 PM
2. Practice risk management

By setting clear stop-loss levels and position sizes, we can minimize our losses and protect our capital. This can give us the confidence to take on appropriate levels of risk and pursue potential trading opportunities.
^In trading, this is the most important thing that you must handle first because all fears are expected in trading, the possible outcome could happen anytime soon, so the best thing to do is manage them, and managing risk is the best important among them all. From the start, before you decided to be a trader, you know already those fears and those negative results but if you are knowledgeable enough you are confident doing things because you know you are on the right path could those fears may be overcome and avoided.
Nevertheless, if you have these fears and don't have self-confidence, stop trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: Smartvirus on February 02, 2023, 11:52:19 PM
In all that is mentioned or listed above, only one stands out and that is, the fear of loosing money.
You know, if you don't make the profits in the market, it might bother you but, not as much as loosing your money would be. In loosing your money, you develop the zeal to win it back and what you want mots of all is to make profit and no losing so, the concern drives your every thought and moves towards accurate analysis.

The vest way to avoid this is by building confidence in your tasting patterns and that comes from testing the market with several trading strategies until your certified with one to work just okay. Other than that, its just trier and error or more of gambling.


Title: Re: The 4 trading fears and how to overcome them
Post by: Sebas.tian on February 03, 2023, 03:45:32 AM
Many traders are still finding it difficult to remove the attitude of fear of loosing money in their crypto trading, which is leading many traders to continue experiencing losses in their investments. If you can overcome the fear of loosing money, I think you are capable to achieve what you want in the market when the price increase higher. Through your personal research, I think you can overcome fear in the community and it will really help you to know many things in the market which will help you to be stable in profits making in the community.


Title: Re: The 4 trading fears and how to overcome them
Post by: Smack That Ace on February 03, 2023, 05:06:57 AM
2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.
If you have the fears on losing your capital, losing your expected profits, then you should not be trading in the first place knowing losing is inevitable in trading regardless if you are a veteran on this field. The fear of losing your money will lead you to be more greedy, and create dumb decisions that will eventually ruin everything you have started in trading. So learn to accept losses, as it’s also a part of the process to make you a successful trader in the future.

Although before trading or investing, all of us are aware that loss is inevitable, but once we really participate, no one wants to lose money, even though we have prepared in advance. Honestly, we will never control the fear of losing money, even for top traders, but experienced ones will quickly regain their sanity and find a way to make their money back lost. While the newbies will fall into despair or seek revenge in panic, thereby making the loss even bigger.


Title: Re: The 4 trading fears and how to overcome them
Post by: adaseb on February 03, 2023, 05:41:00 AM
Back when I started trading over a decade ago I read two books. One was called “Reminisience of a stock operator” and the other “trading in the zone”.

The first book was more for entertainment rather than learning trading strategies. It was crazy how stuff 100 years ago still works today.

The second book called “trading in the zone” was amazing because it was about trading psychology. If you read the first chapter you will get hooked and it will explain a lot about the errors we make in trading. It doesn’t teach technical analysis or anything it mostly about how to deal with fear and greed.


Title: Re: The 4 trading fears and how to overcome them
Post by: crwth on February 03, 2023, 05:50:35 AM
Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.


Title: Re: The 4 trading fears and how to overcome them
Post by: Obari on February 03, 2023, 05:59:37 AM
This is really a great issue of concern and your article really looks great because you took your time to talk more on these fears but I thought you were summarizing the original topic from the author but your post really looks very long maybe to me.
Traders should also know how to use their stop loss rather then letting bride make them loss money they would have had and I always agree that a good risk management is what actually makes a good trader and not over leveraging.
Traders should know when to pull out of a trade and when to stay in the trade, it is how much money you make and not how long you stay in a trade.


Title: Re: The 4 trading fears and how to overcome them
Post by: michellee on February 03, 2023, 06:12:27 AM
I have noticed that the fear of losing money is one of the things traders always want to avoid and they have experienced it many times but still don't learn from their previous mistakes. When the market price decreases and continues to decrease, they are worried that their money will decrease, making them unable to stand it and sell their coins at a declining price. That makes them suffer losses because they have lost their money. But if they don't sell the coin and keep holding it, they can get their profit back when the market price goes back up and sometimes, it can be several times the price they bought it for. They must be patient, waiting for the price to rise again and not sell their coins in a hurry.


Title: Re: The 4 trading fears and how to overcome them
Post by: wxa7115 on February 03, 2023, 06:16:30 AM
2. Fear of losing money:

This is the main fear of all on which it would really be resulting in fear of being wrong and fear on leaving money on the table.It is all interconnected which is really that needs to be overcome
if you do want to succeed on this kind of career on which facing up volatile prices is never been an easy thing to deal with because the fear of losing money and the fear of taking up
risk on which this had been always the common approach.
All of those fears are connected but depending on which one is the most dominant the decisions taken by traders will be affected in different ways.

Those which more than anything fear being wrong will adopt strategies with a high degree of accuracy, this may sound like a good move on their part but the success of a trader is measured with dollars and not with their win rate, and they sacrifice profits as a way to increase their chances to win a trade, and this is a mistaken decision no matter how I look at it.


Title: Re: The 4 trading fears and how to overcome them
Post by: cryptoaddictchie on February 03, 2023, 06:50:20 AM
Fomo is the least I should do among it. Its like being lured in a trap that later on youll convince yourself that you shouldnt rush in something like this. We should learn to be discipline enough to buy only when we see a red on the market and some level hitting up a solid signal to buy and not just swayed by people on socials that it will be the bottom already cause no one really knew that. Its either do a decent dca.


Title: Re: The 4 trading fears and how to overcome them
Post by: nidacoinlove on February 03, 2023, 08:06:40 AM
Fear is natural and in any case you have to face it. Before jumping in a trade it is essential to be prepared for the unsystematic risk, which is always there.
The important thing is time management one should focus on the entry and exit time. Only get into a trade when you see blood in the streets and it will work for you.


Title: Re: The 4 trading fears and how to overcome them
Post by: Sterbens on February 03, 2023, 10:42:14 AM
Fear is natural and in any case you have to face it. Before jumping in a trade it is essential to be prepared for the unsystematic risk, which is always there.
The important thing is time management one should focus on the entry and exit time. Only get into a trade when you see blood in the streets and it will work for you.
Fear is human nature and I agree it is very natural. But don't let that fear overwhelm us, that's actually the real problem. As you said that we must be able to control the fear that we feel. How to overcome our fears, namely by increasing knowledge about trade or investment. The more we have a lot of knowledge about what we are doing, the more we can control our fears. That's what I've experienced so far and made me a better trader or investor.


Title: Re: The 4 trading fears and how to overcome them
Post by: sulendra12 on February 03, 2023, 11:28:28 AM
4. Stay focused on the long term
Trading is a long-term game, so focus on long-term goals to stay disciplined. Every losing day can be a step closer to the long-term goal if analysed and learned from.
Kinda disagree with this. Day trading does exist and people who are really enthusiast and confident with their skill might interested to do day trading for profit. Sure it's not for everyone due to high risks but limiting yourself to long term is somewhat similar to holding, although you have to clarify what is "long term" in your opinion.

All the points are really good, but it takes time to actually learn and master those points. This is why people learn from their mistakes to make them stronger in the future, you can't do it in just a day and master it. Just don't be afraid if you lose as long as you can learn to not fall into same hole again.


Title: Re: The 4 trading fears and how to overcome them
Post by: ShowOff on February 03, 2023, 11:32:57 AM
Manage your fears, that way you will never be at loss. I believe there are always fears in trading but if you keep on settling with that without even finding ways to overcome it, you will always endure losses everytime you trade. That maybe the reason why most of traders end up quitting because they can never overcome the fears and just keep on trading while losing. But if we always do trading with caution, and continue to learn from our mistakes and losses, then we can overcome fears in the long run and be successful traders instead.
Of course that fear needs to be overcome, but the success or failure of a trader in making profits is not only because he is able to control fear. That's why trader is required to be able to understand many things including analysis and decision making, and in fact they are interrelated with one another. Sometimes all of this is easy enough to say, but out there people are really having hard time overcoming their fears about trading risks.

Overcoming the fear of risk by understanding many things is great way to minimize risk. It is not completely risk free although they can overcome any fears about risk because volatility is real thing.


Title: Re: The 4 trading fears and how to overcome them
Post by: Fondarchand on February 03, 2023, 01:01:52 PM
One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

So the best thing is that just start from minimum amount of money after that just focus on price prediction, but keep in mind that if you does not win and loss your money then its not the end of trading but you initiate from this point. Another point is try to trade for lengthy period of time and do not involve in day trading but if you desires for the day trading then surely you have to pay attention, and enhance your knowledge for that.


Title: Re: The 4 trading fears and how to overcome them
Post by: Pandu Geddon on February 03, 2023, 01:12:46 PM
One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.


Title: Re: The 4 trading fears and how to overcome them
Post by: xSkylarx on February 03, 2023, 01:53:23 PM
One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.

A newbie that is using instincts in trading is like gambling; he is just guessing the trade and expecting that luck will hit him so that the trade will be good and he will gain profit, which is not profitable in the long run. Let's say that you get lucky on your trade since you win, but for sure in the long run if you don't have knowledge, you'll be losing all of your money. It is not just in trading; in real life, without knowledge, you are risking yourself or your money on things you don't know, so it is very useless. That is why you need to learn first before going into those kinds of things, as they are very risky.


Title: Re: The 4 trading fears and how to overcome them
Post by: traderethereum on February 03, 2023, 05:03:24 PM
We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.


Title: Re: The 4 trading fears and how to overcome them
Post by: virasisog on February 03, 2023, 05:51:26 PM
Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.


Title: Re: The 4 trading fears and how to overcome them
Post by: lixer on February 03, 2023, 06:21:32 PM
We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.
Those who FOMO don't take time to analyse but they just rush on buying on what is currently hot in the market. If we will rush analysing then it's better if we can't just analyse because that will still be useless. There are so many things which can go wrong if you will rush things. In trading, emotions is one of our enemies so we must learn on how to eliminate them.

There are bots which doesn't have an emotion but we can't jump on them immediately if we still don't know if what are the best coins that will work in trading. Not only bots are immune to manipulations and fuds but they can also help us to be free, I mean we can now trade automatically while enjoying our life outside.


Title: Re: The 4 trading fears and how to overcome them
Post by: lionheart78 on February 03, 2023, 07:16:11 PM
Aside from those four fears, we should also consider the other fear factor in trading.  They are:

1, Market Volatility
2. Competition
3. Economic and political events.

In order to combat these fears, it is obvious that the right education is needed.  Fears only happen to people who don't have enough knowledge about the stuff they are dealing with so we should always learn and study everything that has something to do with our trading asset and the possible trading strategies.

We can also look for mentorship, often times people who have more experience and knowledge than us often give the best advice that is suited for every situation.  Just like what happen in our every day life, we should make a record of every activity of our trading experience. That includes success, emotion, thoughts, and any process done in our trading activities.  Furthermore, the need for emotional control is also essential.


Title: Re: The 4 trading fears and how to overcome them
Post by: Kasabus on February 03, 2023, 07:40:55 PM
Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.
No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills  and working strategies in trading, you will make your trade end up more positively.


Title: Re: The 4 trading fears and how to overcome them
Post by: carlfebz2 on February 03, 2023, 08:28:33 PM
Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.
No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills  and working strategies in trading, you will make your trade end up more positively.
Newbie or not, we are all really that having the feeling of fear towards our investment or on the time that we do make out some decisions because we are always having those doubts specially we know that it could

potentially a reason for us to lose up some money and this is why you cant really able to tell that you are the ones that could easily get rid of it.The main difference on here is that people does have different approach on things if we do compare to those people who do have experience and to those who are completely newbie.

Once you do have the experience then you do really know on what you should gonna do even you had been bothered up with emotions.


Title: Re: The 4 trading fears and how to overcome them
Post by: crzy on February 03, 2023, 09:23:51 PM
Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.
Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.


Title: Re: The 4 trading fears and how to overcome them
Post by: Rengga Jati on February 03, 2023, 09:58:16 PM

1.Fear of being wrong:


The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.
Actually, if we are able to manage this fear to be wrong, we can be more careful, wise, and selective in every consideration and decision to take. It is not really wrong at all to think like that because moreover the newbies or all of us will probably need certain analysis and ensure that our decision is not wrong. This is needed and much better than doing it in hurry with less carefulness. I know that being too afraid and too long to make any decision will probably make us lose our chance, but doing it without any consideration and even in still doubt will also not be good for us. So, it is better to be more careful.


Title: Re: The 4 trading fears and how to overcome them
Post by: palle11 on February 04, 2023, 01:11:59 PM

3. Fear of leaving money on the table:

The fear of leaving money on the table is a tricky one, as it often arises when we’re in a winning trade. It’s tempting to hold on, hoping to squeeze out even more profits. But this can be a dangerous mindset that can lead to ignoring stop-losses and exposing to unnecessary risk. After all, you don’t have a crystal ball (and aren’t an FOMC member), so you should not expect to buy the exact bottom and sell the exact top.

By having a predetermined exit plan, we can lock in profits, manage risk, and avoid emotional decision-making.

Embrace discipline by having a clear exit strategy that balances the desire for profits with the need for risk management. Trust your strategy and stick to your plan to be in a better position to capitalize on future opportunities.


Fear of losing money I think it is possible to pass that stage with experience because an experience trader understand that any order can turn out to be wrong even with the clear positive signal, so on this I don't regret if I'm outside and I understand that there will be more clearer signal and opportunity to make profit.

The aspect here is early exit. This is what I could regret sometimes but on a second thought I get excited if I'm actually running off with some profit because being satisfied is better than being greedy.


Title: Re: The 4 trading fears and how to overcome them
Post by: samcoin on February 05, 2023, 11:00:40 PM
The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.


Title: Re: The 4 trading fears and how to overcome them
Post by: AmoreJaz on February 05, 2023, 11:07:21 PM
The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.

what more can i say. you will only feel fear if you have no certainty on what you are doing. the more knowledge you have in this market, the less fear you will feel, instead you will feel you are ready to face any battle you will encounter of. fear is only for the weak, but all of us can feel such emotion at one point in our life. if we feel such emotion, contemplate on why we are feeling that way. face it and you will understand the reasons. if you know the reasons, that's when you will start addressing your situation.


Title: Re: The 4 trading fears and how to overcome them
Post by: GreatArkansas on February 06, 2023, 01:18:45 AM
4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 06, 2023, 04:41:29 AM
...
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

And that's why we should share information about crypto and how is wrong trading in crypto. Because many even in this forum consider crypto as only a magic trading asset with which they will get as much income as they'd probably not earn for a whole life. Staying calm and self-collected and having all info we need is a real value in any investing or tradind and in case of highly volatile assets it is even more important.

As for me I'm not still enough for active trading and it is good that I know that. So I lose much less then could. ;D


Title: Re: The 4 trading fears and how to overcome them
Post by: BitcoinPanther on February 06, 2023, 06:13:57 AM
Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.
Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.

True, emotion cloud a person's mind and reasoning.  Emotion also triggers greed, FOMO when the market is moving too well, and panic selling due to fear of lossing when the market collapse.  Fear and excitement are the factor that always affect the situation if a trader is poor in handling his emotion.  We must learn how to control them if we can't shut them off.

4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

There are successful short term trader.  I think deciding for a long term or short term are all depends on the situation.  A tradee must learn to be flexible, single focus is good but what if it isn't working as expected?  We must learn to adjust and retarget our goals.


Title: Re: The 4 trading fears and how to overcome them
Post by: blockman on February 06, 2023, 08:31:38 AM
It's human nature that we don't want to lose especially in money. That's why many are being stopped by that fear and they don't want to proceed because they're scared out by the risk that they've seen. But those that are wanting to pursue and are okay to look at themselves with failure and losses, they're the ones that are likely to succeed. It's a trial and error and they can learn from those failures that they'll meet along their trading journey, we understand that it's important to experience it or else we'll just stay where we are right now.


Title: Re: The 4 trading fears and how to overcome them
Post by: Alisha-k on February 06, 2023, 12:51:18 PM
It is a natural phenomenon for a trader to have that fear of not wanting to lose money because it builds their consciousness to stick to their plans and strategy. But when this fear is done in excess it will definitely result in losses because at that point the mind is clouded with fear and it is the beginning of losses.


Title: Re: The 4 trading fears and how to overcome them
Post by: AnonBitCoiner on February 06, 2023, 12:59:40 PM
Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: ningrum on February 06, 2023, 03:04:28 PM
4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.
Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.


Title: Re: The 4 trading fears and how to overcome them
Post by: bitgolden on February 06, 2023, 04:48:03 PM
By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.
Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.


Title: Re: The 4 trading fears and how to overcome them
Post by: Fatunad on February 06, 2023, 09:25:30 PM
4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.
Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.
Even experienced ones do really suffer out with that kind of fear on which when the market is plumetting then it cant really be avoided for you to be in fear that this market would be going to the floor and you would be losing on your investments.Come to think that as long you arent selling then it cant really be considered out as a total loss.Overcoming your fears is a must but this is the thing you would be able to control it out
on the time that you do gain up sufficient experience here on the market.You cant really make yourself directly able to learn on whats around specially when you are a noob but on the time
that you are gaining sufficient experience then you do know the diffence.


Title: Re: The 4 trading fears and how to overcome them
Post by: EdenHazard on February 06, 2023, 11:11:56 PM
By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.
Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.
Pretty simple , just manage all of those fears...

And convert it to profit , step by step .. you might find yourself in the right direction , just face every obstacle and find a way , being incorrect predicting is just normal .. the one that not normal is when you do incorrect predicted multiple times and you learn nothing , that's the start of the problem.


Title: Re: The 4 trading fears and how to overcome them
Post by: Silberman on February 07, 2023, 04:00:46 AM
Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.
Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.


Title: Re: The 4 trading fears and how to overcome them
Post by: Bushdark on February 07, 2023, 11:51:36 PM
There are some many fears in the market and I still don't know which one we have to fear the most.
Trading is just like a career and making if the good and pro traders in the market are passed through what it takes for them to get to that level.

 fear of losing is one of the major problem that all especially newbie traders are facing and if it continues a trader might not be confident in the analysis they make. They will also stumble on unnecessary decision that will make things to fall apart.
When I was a newbie trader, I do imagine how many traders are so confident in the trades they make.


Title: Re: The 4 trading fears and how to overcome them
Post by: Oilacris on February 07, 2023, 11:55:51 PM
Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.
Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.
Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.


Title: Re: The 4 trading fears and how to overcome them
Post by: Xampeuu on February 08, 2023, 04:18:31 AM
Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.
Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.
Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.
taking lessons from our mistakes is a top priority as long as we process in the world of trading. if necessary we always record each of our transactions so that later we will always remember the mistakes that have been made, that way we can try to fix them, and if things like this go on continuously then we will have trading intuition by itself so that we can feel the characteristics of the market that is being happens, it's all obtained not in an instant way


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 08, 2023, 05:07:57 AM
...
some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses
...

It's not only about correlation between the amount of money with which you come to the market with the possible losses, it is also about that different funds mean different strategies in trading and investing. If you come with 10 dollars you usually have very few options to where to go with them, but if you come with 100 billions it is the same: most small assets are too small to play with. So traders of different size should have different strategies and they make own mistakes not all of which can be didactic for others.


Title: Re: The 4 trading fears and how to overcome them
Post by: Jatiluhung on February 08, 2023, 01:44:26 PM
but we need to know that to be completely free from FOMO (Fear of missing out) is very difficult for some people. I was in the initial phase of knowing Crypto, always trying to be better able to keep my emotions stable and so that I would avoid FOMO. However, sometimes I still get tempted. but then I realized that we become FOMO because of the lack of analysis we do. because if we spend more time doing analysis then it is indeed quite effective to avoid FOMO.


Title: Re: The 4 trading fears and how to overcome them
Post by: Sanitough on February 08, 2023, 03:48:58 PM
One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.
That shows that these traders have developed wrong mindset about trading. Because if they want to succeed in trading, they should never be discouraged losing their money because of consistent mistakes in trading. Instead, they should be more motivated to learn more knowledge in trading and gather a lot of experiences so they can eventually correct their previous mistakes and lessen the risk of losing in trading. Trading should be learned the hard way that’s why trading itself requires extensive knowledge, skills and working strategies so that trading will never end at a loss.


Title: Re: The 4 trading fears and how to overcome them
Post by: Adbitco on February 08, 2023, 04:21:12 PM
2. Fear of losing money.
I think it's common to everyone and all beginners always encounter this phase while trading, it's unavoidable including me while I was putting more efforts on trading I realised that I am very much occupied and could not manage that aspect of it. Although I was using Demo account and I never made lost but getting to real account I noticed i couldn't control that part of lost so have restrategise and work on myself.


Title: Re: The 4 trading fears and how to overcome them
Post by: wxa7115 on February 09, 2023, 05:33:02 AM
That shows that these traders have developed wrong mindset about trading. Because if they want to succeed in trading, they should never be discouraged losing their money because of consistent mistakes in trading. Instead, they should be more motivated to learn more knowledge in trading and gather a lot of experiences so they can eventually correct their previous mistakes and lessen the risk of losing in trading. Trading should be learned the hard way that’s why trading itself requires extensive knowledge, skills and working strategies so that trading will never end at a loss.
The expectations they have are simply out of place, this is as if a boxer was afraid of being hit once the fight starts, anyone can tell that it does not matter if you are the best boxer that has ever lived, if you get inside a ring you are going to get hit.

And the same principle applies here, it does not matter if you are a skilled trader, once you make some trades losses are unavoidable and anyone that thinks differently is simply not being realistic about what they can achieve.


Title: Re: The 4 trading fears and how to overcome them
Post by: irhact on February 09, 2023, 06:19:32 AM
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Anyone who doesn't have control over their emotions shouldn't be trading in the first place. Emotions are among the greatest enemies of a trader. Because of emotions you could exit a trade very early than you initially planned which will reduced your profits or enter a trade without confirmation been made by the charts. As a newbie picking interest in trading, make sure you have undergone some training before you start practicing with real money.

When you don't learn before you start trading then your emotions will be making the decision for you. Trading should be totally dependent on the charts which is the movement of the market. And when you're having difficulties handling your emotions then fall back to trading in advance form with the use of automation like stop loss or automatic buy options instead of relying on manual.


Title: Re: The 4 trading fears and how to overcome them
Post by: Botnake on February 09, 2023, 09:07:47 AM
One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.
It’s always certain that if you start trading the wrong way, you can never expect for an outcome to turn the way how you imagine it. Of course, there will be possible mistakes and losses but they come as natural scenarios in trading so there’s nothing to fear with it. But if you continue to keep on doing the same mistakes again and not learning from them, then you will never be able to trade successfully. Success will only be achieved if you start correcting your mistakes and eventually change your mindset towards a successful trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: Distinctin on February 09, 2023, 11:01:06 AM

1.Fear of being wrong:


The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.
Actually, if we are able to manage this fear to be wrong, we can be more careful, wise, and selective in every consideration and decision to take. It is not really wrong at all to think like that because moreover the newbies or all of us will probably need certain analysis and ensure that our decision is not wrong. This is needed and much better than doing it in hurry with less carefulness. I know that being too afraid and too long to make any decision will probably make us lose our chance, but doing it without any consideration and even in still doubt will also not be good for us. So, it is better to be more careful.
I guess there’s no exception from committing wrong decisions especially that the trading market is always unpredictable, regardless if you are a newbie or veteran in trading. But the good thing about it, the more you become exposed to wrong decision making, the more you learned because of its consequences you experienced. And some even use these wrong decisions to become their challenges in trading, and they even become more motivated to learn for a successful and profitable trading experience in the future. So never fear of being wrong, because from there you can build your own character and strengths in trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: jaberwock on February 09, 2023, 11:33:01 AM
but we need to know that to be completely free from FOMO (Fear of missing out) is very difficult for some people. I was in the initial phase of knowing Crypto, always trying to be better able to keep my emotions stable and so that I would avoid FOMO. However, sometimes I still get tempted. but then I realized that we become FOMO because of the lack of analysis we do. because if we spend more time doing analysis then it is indeed quite effective to avoid FOMO.
I think that FOMO isn't really a fear because FOMO means people are rushing to be involved on what is currently hot in the market. A true fear is when you are scared to do some things because you think it was too hard and it will cause you to fail, lose money or lose your life but some times we need to take risk to be able to grow as person and then we shouldn't be afraid if we fail as it was only part of the game or the process on improving our selves.

Analysing can't totally stop FOMO because what if your analysis is the same to what others are FOMOing that this brand x coin is does truly have a potential but that wasn't wrong. FOMO only becomes wrong if you just do it blindly.


Title: Re: The 4 trading fears and how to overcome them
Post by: taufik123 on February 09, 2023, 12:43:59 PM
I think that FOMO isn't really a fear because FOMO means people are rushing to be involved on what is currently hot in the market. A true fear is when you are scared to do some things because you think it was too hard and it will cause you to fail, lose money or lose your life but some times we need to take risk to be able to grow as person and then we shouldn't be afraid if we fail as it was only part of the game or the process on improving our selves.
Taking risks is necessary because investments always come with risks and unexpected consequences. FOMO is one of the phenomena that often occur when novice investors are too confident and pressured by the continually rising trend. There is nothing to be feared about failing, but when FOMO happens, we also need to learn how to overcome it so as not to be trapped in a disadvantageous situation.

Analysing can't totally stop FOMO because what if your analysis is the same to what others are FOMOing that this brand x coin is does truly have a potential but that wasn't wrong. FOMO only becomes wrong if you just do it blindly.
Blind FOMO is a situation where someone makes a decision based on FOMO without conducting thorough research and thinking, resulting in a disadvantageous decision.
In the context of investment, blind FOMO can cause someone to buy an asset at a high price out of fear of missing the trend, even if it may be a false trend or an overvalued asset.

Moreover, FOMO is also influenced by psychological factors such as the desire to be part of a group, fear of disappointment, and the desire to maximize profits.
The pressure to keep up with the market trend and not miss out on potential profits can drive individuals to make impulsive investment decisions, which can sometimes lead to losses.


Title: Re: The 4 trading fears and how to overcome them
Post by: AicecreaME on February 10, 2023, 01:58:25 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.


Title: Re: The 4 trading fears and how to overcome them
Post by: Russlenat on February 10, 2023, 07:57:34 PM
By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.
Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.
If you are a newbie in trading, you cannot expect to overcome all these fears because you are still on your own way of accumulating more knowledge and experience which will make you a good trader in the making. So just take it slowly and let yourself lose in trading, commit mistakes and be frustrated, because that’s the reality in trading. You will not learn to overcome those fears unless you never experience it. Eventually, when you have been trading for years and you have gained enough experiences already, then you would be able to slowly overcome them because you are now confident in your trading activities.


Title: Re: The 4 trading fears and how to overcome them
Post by: Bushdark on February 10, 2023, 07:57:58 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
The fear if losing money is one of the fear that people had been running from which supposed not to be so. We need to overcome the fear of losing for us to be a good and experienced trader. If we keep running from our fears, then how can we manage to move to the next level when there is something that is eating us up.

As a trader I do keep my mind set on if I lose now I will get it back later. The truth about trading is that, you can be a trader without having a bad day. You must have time when things are not going well in your life which is where the true experience comes. At least you will be able to tell the young one coming about you bad days which had been part of you and had make you to reach the current level that you are now.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 11, 2023, 12:38:34 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! ;D


Title: Re: The 4 trading fears and how to overcome them
Post by: wxa7115 on February 15, 2023, 05:52:34 AM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! ;D
This, the goal should not be to somehow not feel any emotion while we trade, an impossibility as no matter what kind of training you undergo as a trader your emotions will always be there, but to control them and to make the most out of them.

If the price crashes and you feel some fear out of this downward movement then you can be sure there are many other traders feeling way more fear, once you realize this is easy to take the correct decision as instead of selling you will realize the right movement to make will be to buy instead.


Title: Re: The 4 trading fears and how to overcome them
Post by: palle11 on February 15, 2023, 03:43:55 PM

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! ;D

When it comes to trading and fear, I think the experienced traders know better how to handle it. They are more equipped in the trading strategy that can help them reduce or not to have fear in trading. What about if you have a limit to what you can lose, would you still have the fear? No I don't think so because you have already gone for the risk and staking out what you can lose. You can use stop loss in your trade and this is a way that you can take care of fear that is associated with losing of your money. Low risk also is another factor, take a lower risk then you are a little away from fear


Title: Re: The 4 trading fears and how to overcome them
Post by: death69 on February 15, 2023, 05:23:08 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! ;D
Fear is a normal and expected feeling for any trader, and I agree that it can have a negative impact on performance. As a professional trader, I can say without a doubt that I have felt terrified on numerous occasions. But the secret to profitable trading is not to stop being afraid, but to master our fears and use them to our benefit. As a first step, we might remind ourselves that the feelings we're experiencing are shared by many other market participants. Anxiety can prompt some investors to sell during a market slump, which can further drive down prices. Knowing that other traders are nervous for the same reasons can help us make better selections and perhaps take advantage of the situation by purchasing assets at a bargain. Find a happy medium between worry and assurance, and be ready to limit your exposure to loss at any time. The ability to harness and direct one's emotions is a key trading skill  ::)


Title: Re: The 4 trading fears and how to overcome them
Post by: Oneandpure on February 15, 2023, 05:56:14 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
I think new comer in cryptocurrency trading have applied with this mindset about huge profit will have huge risk, but many people make differences about trading mindset want to earn much profit but fear with how facing risk when Bitcoin or altcoin assets trading price dropped. Seems easy when gambler back to trading because their soul have been ready how to face risk with cryptocurrency trading without fear when bad thing happen later.

Fear losing money in cryptocurrency I think some of them not ready how to earn huge profit later in cryptocurrency, take care profit only without think risk waiting for later is fault mindset in trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: justdimin on February 15, 2023, 06:29:20 PM
Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! ;D
This, the goal should not be to somehow not feel any emotion while we trade, an impossibility as no matter what kind of training you undergo as a trader your emotions will always be there, but to control them and to make the most out of them.

If the price crashes and you feel some fear out of this downward movement then you can be sure there are many other traders feeling way more fear, once you realize this is easy to take the correct decision as instead of selling you will realize the right movement to make will be to buy instead.
I agree that it is not really about having zero emotions, it is about not to care about your emotions and ignore them when you are trading. Are you afraid? Will you trade based on your fear or will you ignore the fear? That is all that matters, if you can do that then emotions you feel do not matter at all, they are not part of the calculation.

However, if you let your emotions run through you and you end up working hard for it, then I would say it could ruin everything you have worked for and you would make a big loss, I would suggest highly against that as much as possible and it would be a lot better if you could completely ignore them.


Title: Re: The 4 trading fears and how to overcome them
Post by: Mahanton on February 15, 2023, 10:34:10 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
I think new comer in cryptocurrency trading have applied with this mindset about huge profit will have huge risk, but many people make differences about trading mindset want to earn much profit but fear with how facing risk when Bitcoin or altcoin assets trading price dropped. Seems easy when gambler back to trading because their soul have been ready how to face risk with cryptocurrency trading without fear when bad thing happen later.

Fear losing money in cryptocurrency I think some of them not ready how to earn huge profit later in cryptocurrency, take care profit only without think risk waiting for later is fault mindset in trading.
When you are just new on which it would be that very common to have that bullish or positive impression that you could really deal up with the market easily on which you do even think that you are already that getting rich easily but on the time that you do have the taste on how this market behaves or works then this is where you do realize that its never been simple.Fear and anxiety and stress would be them main things that you would be experience out of this market.Overcoming them would really be depending on your personal experience and awareness.You would definitely be getting these things on the time that you do make out actual
engagement and able to attain skills and methods on how you do handle yourself on this very volatile market.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 16, 2023, 01:25:29 AM
When it comes to trading and fear, I think the experienced traders know better how to handle it. They are more equipped in the trading strategy that can help them reduce or not to have fear in trading. What about if you have a limit to what you can lose, would you still have the fear? No I don't think so because you have already gone for the risk and staking out what you can lose. You can use stop loss in your trade and this is a way that you can take care of fear that is associated with losing of your money. Low risk also is another factor, take a lower risk then you are a little away from fear

Probability theory teaches us that any impossible thing is possible, it's just about its chance: universe can disappear tomorrow, but the chance is so small that we don't really consider it. Lowering risk in a high risky fields is not the same as lowering risks in everyday life, they still stay bigger than we got used to in routine. We know lots of stories of professionals who failed exactly because they were too experienced and didn't expect some situation with low probability, but not low enough not to happen like universe disappearance. And trading is one of a fields where mistake probability is always high.


Title: Re: The 4 trading fears and how to overcome them
Post by: bitgolden on February 16, 2023, 08:46:01 PM
Probability theory teaches us that any impossible thing is possible, it's just about its chance: universe can disappear tomorrow, but the chance is so small that we don't really consider it. Lowering risk in a high risky fields is not the same as lowering risks in everyday life, they still stay bigger than we got used to in routine. We know lots of stories of professionals who failed exactly because they were too experienced and didn't expect some situation with low probability, but not low enough not to happen like universe disappearance. And trading is one of a fields where mistake probability is always high.
That type of experience that makes you underestimate the risks is not as common as the people who do not know the risks of trading end up taking. If you are highly experienced and you take risks in routine, yes there will be situations where you will underestimate the risks and not really care about it and that could make you lose some money.

However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.


Title: Re: The 4 trading fears and how to overcome them
Post by: Kelvinid on February 16, 2023, 09:56:53 PM
FEARS are a hindrance to our success, not only in trading but also in other areas. The best thing to do this is to deal with them with courage and motivation and think that we can really do it. Because the more we think negatively, the more it weakens us. It can be changed as long as we know how to handle our emotions and of having someone that could help us. But if we let our fears and emotions control us, I guess we need not step out from trading and better look for another opportunity.


Title: Re: The 4 trading fears and how to overcome them
Post by: stomachgrowls on February 16, 2023, 10:14:27 PM
.Fear of being wrong:

When im just starting on my trading career then i do have this kind of fear on which im really that hesitant on trying out to apply my own analysis because im afraid that it would turn out to be a mistake
or error which would case up loss of money.Sooner or later you would be able to realize that you cant really be able to succeed if you wont really be risking something and this should really be the mindset you do have.
It is really that normal that you would be having doubts and hesitation specially when you are just starting up and its something that cant really be avoided.
Overcoming them is via those real experience that you would really be able to gain up along the way.


Title: Re: The 4 trading fears and how to overcome them
Post by: boyptc on February 16, 2023, 10:26:09 PM
However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.
I also don't sell when it goes down.

I am patient in terms of waiting at the right time and having experience in the past that when I sold not at the right moment. It's helpful to me now and that fear of losing money is still there.

FOMO, I don't get it this time as being patient and learning from it is making me calm now.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 17, 2023, 02:12:00 AM
That type of experience that makes you underestimate the risks is not as common as the people who do not know the risks of trading end up taking. If you are highly experienced and you take risks in routine, yes there will be situations where you will underestimate the risks and not really care about it and that could make you lose some money.

However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.

Well, I can only confirm that poor understanding of an economy is more common for majority and mistakes based on being too experienced happen much more rare. So of course mostly all of us should learn more and more but IMO we still should keep in mind that we never can be experienced enough to not to be worried about the result even a bit. Bigger experience usually goes hand in hand with much bigger mistakes. Hopefully I'm not enough experienced in trading or investing to make really huge mistakes. Of course all mistakes are painful, and some were very painful, but as a result they were they were not too painful, at summary.


Title: Re: The 4 trading fears and how to overcome them
Post by: lienfaye on February 17, 2023, 05:15:47 AM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.
Indeed. Who don't fear losing money? Even an experienced traders don't want it to happen but sometimes it's inevitable, even we're careful to prevent it from happening. That's why we need to be knowledgeable on what we're doing to avoid mistakes resulting to losses.

On the other side, FOMO usually influenced the newbies because they tend to go with the flow without deep understanding, most of them are a fan of influencers spreading unreliable information. Trading is not easy so it's a must to fill our minds with knowledge first before deciding to try it. Don't have high expectation and always prepare ourselves incase something didn't go as planned.


Title: Re: The 4 trading fears and how to overcome them
Post by: Strongkored on February 17, 2023, 05:17:32 AM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
Losing money is not fun but sometimes it is necessary in our trading, an example of allowing to lose money is to cut losses or when traders set stop losses, experienced traders know that when to cut losses is to avoid bigger losses and so they can start new trades to return to target profits, so losing money is scary but impossible for traders to never experience losing money at all.


Title: Re: The 4 trading fears and how to overcome them
Post by: mvdheuvel1983 on February 17, 2023, 01:17:04 PM
Every trader has and definitely would have felt these fears in them which often hinders their business minds. The fear of being wrong has made many traders to not follow their intuition to invest. In addition, if one allows the fear of being wrong to overtake them, they will play it too safe or stay in their comfort zone which will result in a delay in achieving one's goal. I say, make mistakes, be wrong, learn from your mistakes and make it right.

As a trader, to overcome (http://www.thestrategywatch.com/fears-traders-should-overcome-trading/) these trading fears, practice good trading habits and have a fail-proof strategy(ies). Ensure thar you stick to the trading rules you set for yourself. Adopt a mindset of focusing on the long-term, it may not be easy but with determination and self-motivation, you will reach your goals.


Title: Re: The 4 trading fears and how to overcome them
Post by: AbuBhakar on February 17, 2023, 02:01:20 PM
.Fear of being wrong:

When im just starting on my trading career then i do have this kind of fear on which im really that hesitant on trying out to apply my own analysis because im afraid that it would turn out to be a mistake
or error which would case up loss of money.Sooner or later you would be able to realize that you cant really be able to succeed if you wont really be risking something and this should really be the mindset you do have.
It is really that normal that you would be having doubts and hesitation specially when you are just starting up and its something that cant really be avoided.
Overcoming them is via those real experience that you would really be able to gain up along the way.
It will take a lot of courage to be able to succeed in trading, the first try and year will be full of doubts and we need to overcome it if we want to pursue trading, I try different methods of different users that upload their ways in YouTube even in books but didn't works on me, but help me to identify what method can help me by trying them, we will need to seek some advice from expert but it's truly in experience that we will be able to discover what method suits best on us and what startaegy will give us profit.


Title: Re: The 4 trading fears and how to overcome them
Post by: YOSHIE on February 17, 2023, 03:16:51 PM
The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.
What did you mention the four fears that everything is 'theory' in practice crypto trading will overcome and answer all things, I have been trading in the crypto market almost every day with the Futures method, Margin and Sport, trading must have proper knowledge of the market, analysis, strategies, predictions, volumes and so on, if you want to be successful in trading in the crypto market.

Talking is easy, doing is the hardest, all the theories you mentioned are felt by everyone who trades crypto, whether it's risk, loss of money, focus, FOMO, fear and so on, you can't overcome all that, if you do not have experience and knowledge in trading, trading on your own crypto market determines the clockwise direction and movement, based on the knowledge and experience you have, if you don't have all of that, the theory doesn't work as your trading time goes by.


Title: Re: The 4 trading fears and how to overcome them
Post by: MFahad on February 17, 2023, 03:57:37 PM
fear is the major obstacle in someone's successful way because if a person think that he cannot do it then becoming a successful man sometimes become difficult as all the activities are related to thoughts. Anybody who wants a fruitful future should avoid all of the hazards and should overcome the difficulties comes in the way.

Do according to the trading strategies and work laboriously will be helpful, also sure about your determination and traders should not think about fear. focusing on major goal will overcome all of your worries if you just don't care about your emotions, fear and worries.


Title: Re: The 4 trading fears and how to overcome them
Post by: Nrcewker on February 17, 2023, 04:24:19 PM
Trading is almost similar to gambling, but here the risk involved is comparatively less. Now when you invest anywhere your hard earned money, then there is risk surrounding you. Now all the fears that OP have mentioned is about money only. So one can only overcome this, if you are rich or you have plenty of money to spend. But if you can’t afford to lose, then trading is not the right option for you. Invest your money in FDs or SIPs. Moreover you can minimise the risk in trading, if you choose the coin wisely and invest on stable coins.


Title: Re: The 4 trading fears and how to overcome them
Post by: justdimin on February 17, 2023, 04:49:20 PM
Losing money is not fun but sometimes it is necessary in our trading, an example of allowing to lose money is to cut losses or when traders set stop losses, experienced traders know that when to cut losses is to avoid bigger losses and so they can start new trades to return to target profits, so losing money is scary but impossible for traders to never experience losing money at all.
I wouldn't say it's a "must" but it is a tool that you could use that's true. There are people who use stop loss to make sure they don't lose too much, but there are people who do DCA to make sure they lose nothing and willing to wait longer.

I know that DCA is not a trading method and it's a bit more of a long term thing, but if it recovers quickly then it becomes a trading method. I feel like any trader who worths their salt would tell you that losses are unavoidable and you will make some along the way, it is however everyone's goal to make more profit then they make a loss, if you made 1k but lost 500, that's fine, you are still in the green.


Title: Re: The 4 trading fears and how to overcome them
Post by: Cling18 on February 17, 2023, 05:33:41 PM
Trading is almost similar to gambling, but here the risk involved is comparatively less. Now when you invest anywhere your hard earned money, then there is risk surrounding you. Now all the fears that OP have mentioned is about money only. So one can only overcome this, if you are rich or you have plenty of money to spend. But if you can’t afford to lose, then trading is not the right option for you. Invest your money in FDs or SIPs. Moreover you can minimise the risk in trading, if you choose the coin wisely and invest on stable coins.

Trading has risks but unlike gambling, its risk is managable especially if we are fully equipped with knowledge and understanding of its fundamentals. Fear is normal but we have to deal with the volatility of the market wisely. We shouldn't let our fear overtake or rule over our emotions or else we will end up making messy decisions which can lead to losses.


Title: Re: The 4 trading fears and how to overcome them
Post by: indah rezqi on February 17, 2023, 06:25:11 PM
Trading has risks but unlike gambling, its risk is managable especially if we are fully equipped with knowledge and understanding of its fundamentals. Fear is normal but we have to deal with the volatility of the market wisely. We shouldn't let our fear overtake or rule over our emotions or else we will end up making messy decisions which can lead to losses.
How to deal with trading problems or rather the fear of risk will be very different from one user to another. You could say having sufficient knowledge is the best way to avoid risks, but it seems clear to me that this is a theory that not everyone can have.

There is no solution that will truly help all traders to gain the same experience in trading whereas when traders understand that only doing for what they can afford to lose and being responsible for anything then it will only make them better. Fear of loss is normal, but if they are afraid of volatility then they are clearly not suitable for crypto investing.


Title: Re: The 4 trading fears and how to overcome them
Post by: Vaculin on February 17, 2023, 06:30:40 PM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
You won’t be profitable in the end if you are unlikely to spend some of your money because you are afraid to lose them all. Of course, you will lose them especially if you trade without good preparation. But if you are a responsible trader and has equipped knowledge and skills to trade, then why fear of losing? However, this FOMO is eventually not a good practice whether it’s trading or investing. Everything should follow a good plan, that’s why you have to set your own timeline and goal before you start to put it into action.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 18, 2023, 01:13:41 PM
...
But if you are a responsible trader and has equipped knowledge and skills to trade, then why fear of losing?
...

I guess that those ones who are already responsible, experienced and skillful has overcome their basic trading fears long ago, otherwise they wouldn't be so professional. May be I'm wrong but I think we talk about challenges for majority in this topic and I guess most of us are not so outstanding in trading or investing and that's why we want to learn harder and to know which underwater stones can be on our further way. And true professionals can read such topics for fun I guess, hardly to learn about their fears. ;D


Title: Re: The 4 trading fears and how to overcome them
Post by: Alisha-k on February 18, 2023, 04:42:16 PM
Be ready and open to risk, I doubt there's any trader who hasn't at one time in their trading journey experienced lose or taken unavoidable risk.

If you must be a trader, please be open to risk, trade with caution no doubt but let your consciousness not not blind you to the point that you avoid risk that may turn out to your favour


Title: Re: The 4 trading fears and how to overcome them
Post by: abel1337 on February 18, 2023, 06:05:34 PM
Be ready and open to risk, I doubt there's any trader who hasn't at one time in their trading journey experienced lose or taken unavoidable risk.

If you must be a trader, please be open to risk, trade with caution no doubt but let your consciousness not not blind you to the point that you avoid risk that may turn out to your favour
Yep, Risk is unavoidable and risk always exist in doing financial moves like trading. There are no successful trader that haven't experienced risky things or even risky trades, those fears are conquered before successful trader make a sustainable profits.  The fears that we experienced as a trader is building up as a strong path toward being successful. This is why we have trading psychology. Not over coming those fears and risk will only turn you into a temporary, a losing trader or no future on trading. Playing it safe sometimes gives us regrets and those regrets can turn into being aggressive which makes traders do wrong decisions.


Title: Re: The 4 trading fears and how to overcome them
Post by: Lanatsa on February 18, 2023, 09:06:00 PM
Be ready and open to risk, I doubt there's any trader who hasn't at one time in their trading journey experienced lose or taken unavoidable risk.

If you must be a trader, please be open to risk, trade with caution no doubt but let your consciousness not not blind you to the point that you avoid risk that may turn out to your favour
Plus you should learn up from those mistakes and errors that you had committed along the way on which it would really be that crucial on your learning curve and make yourself to be a better trader.
Fear and hesitance is really that very common on which you would really be needing to overcome it because we do know that it would really be resulting into more mistakes
if you cant able to handle it out.

On first tries or when you are just starting then it would be that normal but as time goes by then you would really be having the idea on how to deal up with things
and this is where you do gradually remove out that fear but dont expect that it would be 100%. Even professional and veterans do experience fear
on certain market conditions.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on February 19, 2023, 01:39:23 AM
Be ready and open to risk, I doubt there's any trader who hasn't at one time in their trading journey experienced lose or taken unavoidable risk.

If you must be a trader, please be open to risk, trade with caution no doubt but let your consciousness not not blind you to the point that you avoid risk that may turn out to your favour

Aha, and the main question is where that golden mean when you are already not too panicked about possible risks but still is cautious enough not to lose too much. If it was too easy everyone'd become successful traders, but we know that majority doesn't. So we know that we should find a balance between courage in trading and staying cautious about risks, but we usually don't know how to do that. ;D


Title: Re: The 4 trading fears and how to overcome them
Post by: tjtonmoy on February 20, 2023, 09:29:23 PM
Not only just fear but greed could do the same to you. You(OP) have pointed out the important facts and ways to deal with it, but when it comes to reality, most people don't think it through. They just let their fear take over their judgements. Emotion control is the first step and without this there's no point learning all the advance knowledge if you are going to make mistake anyway. I have found this article very helpful and hope others will feel the same way. And the newbies should learn from this too.


Title: Re: The 4 trading fears and how to overcome them
Post by: dunfida on February 20, 2023, 09:37:46 PM
Not only just fear but greed could do the same to you. You(OP) have pointed out the important facts and ways to deal with it, but when it comes to reality, most people don't think it through. They just let their fear take over their judgements. Emotion control is the first step and without this there's no point learning all the advance knowledge if you are going to make mistake anyway. I have found this article very helpful and hope others will feel the same way. And the newbies should learn from this too.
If you do make yourself that wont be able to control between fear and greed then you would really be putting yourself into big problem.We are just humans though which emotions could really play out into yourself which

could cause up mistakes.Overcoming would really be depending on your awareness that you do gain from real experience.Sooner or later you would really be able to realize on how to deal with the market.

Those first impressions you do have on seeing it to be simple would really changed up on the time you do experience losses.You would really be realizing these things for sure.


Title: Re: The 4 trading fears and how to overcome them
Post by: kamvreto on February 20, 2023, 10:36:08 PM
Not only just fear but greed could do the same to you. You(OP) have pointed out the important facts and ways to deal with it, but when it comes to reality, most people don't think it through. They just let their fear take over their judgements. Emotion control is the first step and without this there's no point learning all the advance knowledge if you are going to make mistake anyway. I have found this article very helpful and hope others will feel the same way. And the newbies should learn from this too.
If you do make yourself that wont be able to control between fear and greed then you would really be putting yourself into big problem.We are just humans though which emotions could really play out into yourself which

could cause up mistakes.Overcoming would really be depending on your awareness that you do gain from real experience.Sooner or later you would really be able to realize on how to deal with the market.

Those first impressions you do have on seeing it to be simple would really changed up on the time you do experience losses.You would really be realizing these things for sure.

Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.


Title: Re: The 4 trading fears and how to overcome them
Post by: wxa7115 on February 21, 2023, 03:10:05 AM
Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
The investor that has learned to control the main emotions which move the markets, fear and greed, has a decisive advantage over other investors even if their strategy was as effective as the strategy of other traders.

And this is because just when they need to take a critical decision their thought process is not clouded by those emotions, and it is way more likely they will take the right decision, this is an aspect which is not touched a lot on the books about trading and yet it is one of the most important as it makes a huge difference on the results traders get.


Title: Re: The 4 trading fears and how to overcome them
Post by: Tespata on February 21, 2023, 01:55:17 PM
Trading for a long time Just faced the loss It always seems as if this time I trade will be successful but every time it reverses i.e. loss What if there is a cap on the amount you can lose Would you still feel fear I don't think so because you previously took the risk and calculated your potential losses. You may manage your fear of losing money by using stop losses in your trades. At last I think I am successful at some point will be identified as a trader


Title: Re: The 4 trading fears and how to overcome them
Post by: Altryist on February 21, 2023, 02:44:50 PM
Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
The case when you sell on a fall and start buying back when the price goes up is a lack of experience, because if a trader repeats this mistake again and again, then it is clear that he will not last long in trading. In trading, you need to be patient and be able to track trend changes, both locally and globally. If a trader makes deliberate trades without haste, then everything will be fine.


Title: Re: The 4 trading fears and how to overcome them
Post by: _BlackStar on February 21, 2023, 03:18:06 PM
Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
However I must admit that what you describe is true. I agree with most of the facts that fear and greed only hurt traders in the long term- especially if they panic. Some of the things above must be avoided by traders in order to minimize losses caused by market behavior. This is an important part for every trader so that what they expect from trading actually fits in the end.

Changes in trader behavior are often caused by high market volatility, so I think it is important to know how to minimize the risk of loss and also know how to have a good psychology as a trader.


Title: Re: The 4 trading fears and how to overcome them
Post by: milewilda on February 21, 2023, 03:22:24 PM
Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
The case when you sell on a fall and start buying back when the price goes up is a lack of experience, because if a trader repeats this mistake again and again, then it is clear that he will not last long in trading. In trading, you need to be patient and be able to track trend changes, both locally and globally. If a trader makes deliberate trades without haste, then everything will be fine.
Buy high Sell low in short on which this had been the first encounter when im still a noob or even into those mid-times when doing up trading which there are really indeed situations which you would be making yourself on having those fail decisions neither because you might had been fomo'ed which is really that very common.Fear on trading is really that very normal on which you would really be trying to avoid as much as you could
or would hinder you out on making trades just because you dont really like to lose money.If you wont risks then you wont really be gaining something and this is why people should really be that risk taker
if they are really that tending to get some possible potential source of income.


Title: Re: The 4 trading fears and how to overcome them
Post by: AmoreJaz on February 21, 2023, 06:48:32 PM
Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
However I must admit that what you describe is true. I agree with most of the facts that fear and greed only hurt traders in the long term- especially if they panic. Some of the things above must be avoided by traders in order to minimize losses caused by market behavior. This is an important part for every trader so that what they expect from trading actually fits in the end.

Changes in trader behavior are often caused by high market volatility, so I think it is important to know how to minimize the risk of loss and also know how to have a good psychology as a trader.

you can only avoid the panic behaviour if you are knowledgeable with what is happening with your coins. otherwise, panic is always your enemy here. you will feel such emotion if you have no idea what's going on with your investments. the reason why it is best to keep up with the progress of the coins you are holding. don't believe what you are reading, do your own validation if necessary. most of the time, the media is exaggerating their articles.


Title: Re: The 4 trading fears and how to overcome them
Post by: Jody.Drummer on March 04, 2023, 05:46:47 PM
Not only just fear but greed could do the same to you. You(OP) have pointed out the important facts and ways to deal with it, but when it comes to reality, most people don't think it through. They just let their fear take over their judgements. Emotion control is the first step and without this there's no point learning all the advance knowledge if you are going to make mistake anyway. I have found this article very helpful and hope others will feel the same way. And the newbies should learn from this too.
Fear, greed and emotions must be controlled, because we cannot control one of them, there will not be good continuity. Many beginners start trading with it, and in the end losers come their way. But someone who is now a good trader doesn't mean they don't experience it, they have the same process. I can say that good traders start from a trader who has a bad experience, that's what encourages them to want and try to be able to change their bad experience for the better.


Title: Re: The 4 trading fears and how to overcome them
Post by: LUCKMCFLY on March 05, 2023, 01:41:35 AM
Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.
You won’t be profitable in the end if you are unlikely to spend some of your money because you are afraid to lose them all. Of course, you will lose them especially if you trade without good preparation. But if you are a responsible trader and has equipped knowledge and skills to trade, then why fear of losing? However, this FOMO is eventually not a good practice whether it’s trading or investing. Everything should follow a good plan, that’s why you have to set your own timeline and goal before you start to put it into action.
It is very difficult not to be afraid of losing it, because sometimes there are people who get into trading with the intention of multiplying it, and sometimes they gather it with a great sacrifice, and the fact that they can lose it is something that you have to know how to understand. For people who have enough money, it is normal if they lose it because they simply look for more and that's it, sometimes they even do it for mere fun, however, to reduce this fear it is necessary to strengthen yourself by reading books, tutorials , learning more and more, is the easiest way to shield yourself from this, it provides the security to operate and reduces all fear.



Title: Re: The 4 trading fears and how to overcome them
Post by: alastantiger on March 05, 2023, 10:22:32 AM
Every trader's intention is for profit making. As a trader, the fear of being wrong and doing wrong will cross your mind. But you should understand that being wrong is a way of being right because you will lean from your wrongs and mistakes and do better in your trading. You will never learn if you keep the fear of being wrong in mind. Every mistake comes with its own lesson. When i started trading newly, i was so scared, i wanted to be perfect in my business, i fear mistakes and wrong moves. A friend told me that if i want to do better in my business, i have to accept wrongs and mistakes so i can learn from them and do better. Mistakes helps you grow in every aspect of life most especially in business.


Title: Re: The 4 trading fears and how to overcome them
Post by: jokers10 on March 05, 2023, 10:42:48 AM
Fear, greed and emotions must be controlled
...

Obviously, but there's at least one more question: how? We all should live in peace, majority will agree with that, but we don't see any working system on making it real as wars are unfortunately still happening. The same about positive control over emotions: maybe we'll all get wonderful benefits if we could control our emotions but as far as I know nowadays techniques change not one exact emotion we want to control, but our entire emotional character. Changing entirely just for trading... thanks, no! Of course we should control fear and greed, but the question how is still on the table.


Title: Re: The 4 trading fears and how to overcome them
Post by: borovichok on March 06, 2023, 01:28:53 AM
Fear, greed and emotions must be controlled
...
For traders, being familiar with the suggested trading tools is definitely a smart place to start. During my time as a newbie, FUD and FOMO prevented me from securing good positions on the market, but I've since learned to permanently eradicate those qualities from my mind. Although they still occasionally surface, I believe I've reached the stage where we tend to fight our emotions and practice proper risk management in all of our trades. Instead of continually focusing on the money and profits in trades, as has happened in many instances, we should be able to regulate our emotions. We should allow for growth, and now that we have more time, we can focus on what it takes to be a good trader.


Title: Re: The 4 trading fears and how to overcome them
Post by: Jatiluhung on March 06, 2023, 05:36:47 AM
Every trader's intention is for profit making. As a trader, the fear of being wrong and doing wrong will cross your mind. But you should understand that being wrong is a way of being right because you will lean from your wrongs and mistakes and do better in your trading. You will never learn if you keep the fear of being wrong in mind. Every mistake comes with its own lesson. When i started trading newly, i was so scared, i wanted to be perfect in my business, i fear mistakes and wrong moves. A friend told me that if i want to do better in my business, i have to accept wrongs and mistakes so i can learn from them and do better. Mistakes helps you grow in every aspect of life most especially in business.
That is why an experience will be the most valuable lesson rather than just theory.
experiencing defeat in trading as a result of a mistake that we made as a result of too much FOMO or the like, of course we have to make this bitter experience a lesson so we don't repeat the same mistakes.

sometimes we know about things to avoid mistakes like how to overcome fear in trading. but in reality directly applying what we know is not as easy as imagined. sometimes we know FOMO is wrong. but we still can't stop ourselves from doing it.
and only from an experience that will make us more careful.


Title: Re: The 4 trading fears and how to overcome them
Post by: Bhig Daddy on March 06, 2023, 07:37:22 AM
These worries are very typical for new traders; they tend to be more emotional because they are still getting to know the market trends and should thus anticipate bigger losses at first. Simply keep working to understand how trading operates and develop your own method of market analysis to get through this stage.
I'm not sure if this is just a way of promoting a website, but automating your trades is perfectly acceptable. Nevertheless, I still advise having your own trading schedule and never trading if you don't have time to analyze because trading takes time.


Title: Re: The 4 trading fears and how to overcome them
Post by: justdimin on March 06, 2023, 05:09:15 PM
Every trader's intention is for profit making. As a trader, the fear of being wrong and doing wrong will cross your mind. But you should understand that being wrong is a way of being right because you will lean from your wrongs and mistakes and do better in your trading. You will never learn if you keep the fear of being wrong in mind. Every mistake comes with its own lesson. When i started trading newly, i was so scared, i wanted to be perfect in my business, i fear mistakes and wrong moves. A friend told me that if i want to do better in my business, i have to accept wrongs and mistakes so i can learn from them and do better. Mistakes helps you grow in every aspect of life most especially in business.
That is why an experience will be the most valuable lesson rather than just theory.
experiencing defeat in trading as a result of a mistake that we made as a result of too much FOMO or the like, of course we have to make this bitter experience a lesson so we don't repeat the same mistakes.

sometimes we know about things to avoid mistakes like how to overcome fear in trading. but in reality directly applying what we know is not as easy as imagined. sometimes we know FOMO is wrong. but we still can't stop ourselves from doing it.
and only from an experience that will make us more careful.
I think experiencing loss is something that could help you grow as a trader and could make more money, but it is also something you need to limit eventually as well. If it has been 3 years since you started trading and you are still not making any profit, then it means you are doing something wrong and that is not acceptable.

The phase where you could be making a loss and you learn from each of them stops after 6 months to a year, lets say 2 years to make sure we include everyone, but after 2 years you are still not even breaking even? That means you are doing something wrong and you need to relearn everything you learned to check what is wrong with your trading.


Title: Re: The 4 trading fears and how to overcome them
Post by: Falconer on March 06, 2023, 05:18:03 PM
That is why an experience will be the most valuable lesson rather than just theory.
experiencing defeat in trading as a result of a mistake that we made as a result of too much FOMO or the like, of course we have to make this bitter experience a lesson so we don't repeat the same mistakes.

sometimes we know about things to avoid mistakes like how to overcome fear in trading. but in reality directly applying what we know is not as easy as imagined. sometimes we know FOMO is wrong. but we still can't stop ourselves from doing it.
and only from an experience that will make us more careful.
Theory and practice sometimes don't work in trading, but most of them are also useful although they can go wrong sometimes.
The most important thing about trading is management, including capital management, risk management and behavior management. Having lot of capital does not always guarantee profit, then when traders don't know the risks due to their ignorance it will only be very easy to lose, and without understanding how to set strategies and control emotions also makes traders panic easily.

Everything is intertwined and traders need it. Success sometimes comes after failure, but only if the trader is able to bounce back because of his optimism and desire to learn.


Title: Re: The 4 trading fears and how to overcome them
Post by: Lanatsa on March 06, 2023, 11:11:06 PM
That is why an experience will be the most valuable lesson rather than just theory.
experiencing defeat in trading as a result of a mistake that we made as a result of too much FOMO or the like, of course we have to make this bitter experience a lesson so we don't repeat the same mistakes.

sometimes we know about things to avoid mistakes like how to overcome fear in trading. but in reality directly applying what we know is not as easy as imagined. sometimes we know FOMO is wrong. but we still can't stop ourselves from doing it.
and only from an experience that will make us more careful.
Theory and practice sometimes don't work in trading, but most of them are also useful although they can go wrong sometimes.
The most important thing about trading is management, including capital management, risk management and behavior management. Having lot of capital does not always guarantee profit, then when traders don't know the risks due to their ignorance it will only be very easy to lose, and without understanding how to set strategies and control emotions also makes traders panic easily.

Everything is intertwined and traders need it. Success sometimes comes after failure, but only if the trader is able to bounce back because of his optimism and desire to learn.
When it comes on learning the basics which is crucial and speaking about those terms and other correlated things which would really be that helpful when it comes to start up and the rest of learning would really

falls down into actual experience and dealing up with the market.It is really just normal that emotions specially fear would really be experienced along the way which it isnt really that shocking to have
with considering that the market is really that unpredictable and there's no way that we could be able to avoid it out.Thing here is that you do really know on how to handle yourself on times like these.
Dont rush up because learning and awareness could really be gained along the way.