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Author Topic: you need to overcome your fear of losing money  (Read 50958 times)
Idrisu
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December 03, 2016, 07:33:11 PM
 #1

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

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December 03, 2016, 08:02:39 PM
 #2

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Sounds like a gambling philosophy, still could not ignore its meaning. One of the basic thumb rule of trading is we cannot prevent losses but we will be able to cut the losses early when it will be very small. Yes, losses also a part of trading.



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December 03, 2016, 08:35:05 PM
 #3

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

Losing happens with all sort of trade, though you were experienced or have good knowledge about it. In my view one can be considered successful in trading when he has the ability to minimize loss or avoid loss even during times of hard financial crisis. With bitcoin it is very hard because price fluctuation occurs without any notification.

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Victorycoin
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December 03, 2016, 08:43:33 PM
 #4

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Sounds like a gambling philosophy, still could not ignore its meaning. One of the basic thumb rule of trading is we cannot prevent losses but we will be able to cut the losses early when it will be very small. Yes, losses also a part of trading.
I don't think it is much of a gambler's philosophy than it is trader's way up the ladder of profitable trading. Losing is inevitable in a financial market, because there are countless factors at work at any point in time in the market. Understanding just that, puts a trader in the right position to research and develop ways out of such losing proposition since the market have proven to be cyclic in nature.

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December 03, 2016, 09:03:12 PM
 #5

You have said it all. Forex trading has two approaches, because you can decide to  trading it as a gambling or as a business. If you want to trade it as a business then you need to remove fears and bad emotions from it and the only way you can do that is by treat losing as part of trading.

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December 03, 2016, 09:31:40 PM
 #6

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

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December 03, 2016, 10:04:22 PM
 #7

Of course trading is like any other way of earning has its risks, it could be wining fast and the next thing you know you lose everything but you need to learn and get experience from your mistakes start by a small amount and work your way up until you get better and then you can start trading with a large amount of money.

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December 03, 2016, 10:08:40 PM
 #8

My advice is to deal with money you can afford to lose, then your decisions won't be affected by the fear of losing it.
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December 03, 2016, 10:37:53 PM
 #9

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Sounds like a gambling philosophy, still could not ignore its meaning. One of the basic thumb rule of trading is we cannot prevent losses but we will be able to cut the losses early when it will be very small. Yes, losses also a part of trading.
It isn't necessarily a "gambling ", and I agree with OP.  In his annual reports, Warren Buffet always says Berkshire Hathaway can and probably will lose money.  You always have to expect it, because no one knows what asset prices (stocks, bitcoin, anything) are going to do.  Everyone might hate taking losses but they're definitely to be expected.  I've taken plenty.  Sad
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December 03, 2016, 10:55:24 PM
 #10

All or nothing isn't good way to trade
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December 03, 2016, 11:24:12 PM
 #11

If you understand what the risks of trading are, then you'll also realize that profits aren't guaranteed. It will require skills and experience that may cost you years to build up. And even then you aren't guaranteed any profits. What you are saying has more to do with a yolo trading style. And this trading style isn't any different from ordinary gambling.

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December 03, 2016, 11:51:31 PM
 #12

Well you will not be a professional trader if you will not experience to be lose in trading because people who are experience of losing is one of the kind of study that you will learn that if you lose and then you will not do it again and learn to stop your own method and do other method to be successful in some ways., trading is not the same risk in gambling depends if you can choose what altcoin is safe..

=Bitcoin is going to crash? base on other analysis so expect for huge drop=
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December 04, 2016, 12:38:59 AM
 #13

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
The sounds like lose were becoming an obligation. And I will never win if I never lose.

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December 04, 2016, 12:55:31 AM
 #14

Trading commodities, Bitcoins, etc. is a lot like gambling because you never know when the market will take a turn and you're left holding the bag.

Might as well just buy and hold Bitcoin if you believe in it.

That being said, there is definitely money to be made in trading every day. It's important to hedge your investments to minimize your risk.



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December 04, 2016, 12:58:12 AM
 #15

Its one of those lines a get rich guys tell people in their seminars. My neighbor is constantly listening to get rich garbage. He is always tapped financially because he thinks he is smarter than every one else and is going to be rich. Always on some get rich scheme. These guys talk a good game but its just to part people from their money.
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December 04, 2016, 02:25:43 AM
 #16

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

So, it's not 100% surely profit... There are a lot of risks here, same with gambling. I would say trading has something similar as sports betting. You have a cue based in facts and observation, so you use your money to make an action based in your prediction. It can be successful or not. Higher chance of profit than Dice game, but not certain...

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December 04, 2016, 02:32:42 AM
 #17

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

i think we need to treat our losing for our best lesson so we can avoid to make the same mistake in future but its so difficult because the price is going up and down as often we can see and maybe we need to make more practice in trading so we can make good profit.

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December 04, 2016, 02:35:50 AM
 #18

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I think losing will teach us a lots of things when we are inside trading since its a money matter things we should plan well so just in case in certain trade we lose our assessment we will learn from it and we will try harder to research and study in order for us to earn in returned.

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December 04, 2016, 02:41:36 AM
 #19

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

My first lost was $20 and it's really a heart breaker for me but I learn a lot of lesson,you should so a lot of reason and always get first when there are pumps going on and dumps when you hit profit level,now I treat losing part of trading but you need to be comfortable at what you are trading it will take a toil in your health if you do not have this motivation..



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December 04, 2016, 03:32:08 AM
 #20

Losing is fine as long you're not always losing. considering losing as part of trading can be good to motivate you but try to not get lost. sometimes the depression of losing will pump your emotion and effort so you're going to do the best to get what you lose back.

Just keep in mind that you have remaining money after losing or all will be finished

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