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Author Topic: you need to overcome your fear of losing money  (Read 52317 times)
geopolisch
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January 17, 2017, 07:37:50 AM
 #261

The fear of losing is normal but you will not be comfortable when you are taking risk when you cannot afford the amount you use.
Not just in gambling, in trading too we must use only the affordable capitals. When we are not bothering about our capital then the fear of losses will be very less so we can fully concentrate on our technical analysis to get better results from trading.

Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.
Continuous learning is very important for trading. When we are getting stronger with our analysis, we will be less bothering about fear of losses. When we are consistent with our predictions, the fear of loss will get fade away over time.
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January 17, 2017, 08:16:42 AM
 #262

This is the most difficult part of trading and that is what is keeping a lot of people out of trading including myself because losing money is not something cool at all. But the real part of trading that I will want is that I don't want to start with losing, if I can start with winning then I can manage any loss that will arise afterwards. The right crypto to go with is now the problem even the bitcoin itself now deserves more attention.
I think most users who try to venture into this market, do this because they need a way to make money on a daily basis. The problem is that, it is not possible to make a profit in this market every day. Sometimes it takes weeks to appear the opportunity of a good trade, because there will not always be opportunities where the level of risk is acceptable for the reward potential. I think the hard part is to identify such opportunities when they appear, and avoid taking unnecessary risks.
The fear of losing is normal but you will not be comfortable when you are taking risk when you cannot afford the amount you use. Our chance to be profitable is when we make the right decision that coincides with the outcome of what we are venturing. Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.

Indeed with studying and research we lessen our chances of losing. It's normal to lose money and there would be times when we'll get a bit careless and greedy which may result in us missing the right timing, but it's all part of it. All this would add to our experiences so we could do a lot better next time. So i think instead of fear, we should take these losses as valuable lessons for next time

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January 17, 2017, 08:18:37 AM
 #263

This is the most difficult part of trading and that is what is keeping a lot of people out of trading including myself because losing money is not something cool at all. But the real part of trading that I will want is that I don't want to start with losing, if I can start with winning then I can manage any loss that will arise afterwards. The right crypto to go with is now the problem even the bitcoin itself now deserves more attention.
I think most users who try to venture into this market, do this because they need a way to make money on a daily basis. The problem is that, it is not possible to make a profit in this market every day. Sometimes it takes weeks to appear the opportunity of a good trade, because there will not always be opportunities where the level of risk is acceptable for the reward potential. I think the hard part is to identify such opportunities when they appear, and avoid taking unnecessary risks.
The fear of losing is normal but you will not be comfortable when you are taking risk when you cannot afford the amount you use. Our chance to be profitable is when we make the right decision that coincides with the outcome of what we are venturing. Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.

That is exactly right. We dont control so we wont know. I have made my own errors forcing my way thinking bitcoin will go back down after just the 850 dollar mark. But then it went up more. I lose a lot of money there but I dont feel I really lose because I know the risk that I am taking and it is part of trading so better luck next time.

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January 17, 2017, 12:56:50 PM
 #264

Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.
Continuous learning is very important for trading. When we are getting stronger with our analysis, we will be less bothering about fear of losses. When we are consistent with our predictions, the fear of loss will get fade away over time.
The basic nature of unpredictability of trading, will make anyone to get fear while trading about possible losses of their capital. Even skilled people will be having this fear because of trading always remains highly unpredictable.

Perhaps if you have already earned very big profits from your trading and you are not worrying about your current capital amount, you may not finding yourself in fear about losses.
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January 17, 2017, 07:45:17 PM
 #265

This is the most difficult part of trading and that is what is keeping a lot of people out of trading including myself because losing money is not something cool at all. But the real part of trading that I will want is that I don't want to start with losing, if I can start with winning then I can manage any loss that will arise afterwards. The right crypto to go with is now the problem even the bitcoin itself now deserves more attention.
I think most users who try to venture into this market, do this because they need a way to make money on a daily basis. The problem is that, it is not possible to make a profit in this market every day. Sometimes it takes weeks to appear the opportunity of a good trade, because there will not always be opportunities where the level of risk is acceptable for the reward potential. I think the hard part is to identify such opportunities when they appear, and avoid taking unnecessary risks.
The fear of losing is normal but you will not be comfortable when you are taking risk when you cannot afford the amount you use. Our chance to be profitable is when we make the right decision that coincides with the outcome of what we are venturing. Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.

That is exactly right. We dont control so we wont know. I have made my own errors forcing my way thinking bitcoin will go back down after just the 850 dollar mark. But then it went up more. I lose a lot of money there but I dont feel I really lose because I know the risk that I am taking and it is part of trading so better luck next time.
we cannot consider it as fear, it is misunderstanding, if some one is not putting money in trading, then it can be call as fear, and if the price of bitcoin taking correction and we consider it as market crash and start panic selling. i think we should take any stop after good information. and conformation.
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January 17, 2017, 08:16:33 PM
 #266

We dont control so we wont know. I have made my own errors forcing my way thinking bitcoin will go back down after just the 850 dollar mark. But then it went up more. I lose a lot of money there but I dont feel I really lose because I know the risk that I am taking and it is part of trading so better luck next time.
I agree with you on that point knowing the risks is a part of becoming an experienced trader, and going for it makes you even more better, in the field of bitcoin trading the risk is as high as the reward and if you put your hopes high on the price you could eventually lose a lot, you have to have a certain point when you are satisfied with the price.
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January 19, 2017, 08:29:37 AM
 #267

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.

Actually dude, that is not sounds gambling philosophy. It is really a philosophy of a gambler. In my assessment too there are no gamblers who play in casino's, or binary trading etc. that have fear of losing money all of them are willing to lose their money. Meaning, if you are in this industry having a fear of this things are no space in aspects of business.

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January 19, 2017, 08:39:16 AM
 #268

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.

Actually dude, that is not sounds gambling philosophy. It is really a philosophy of a gambler. In my assessment too there are no gamblers who play in casino's, or binary trading etc. that have fear of losing money all of them are willing to lose their money. Meaning, if you are in this industry having a fear of this things are no space in aspects of business.
your answer belongs to your name mate, yeah i agree with you those who have fear of losing money will be eaten alive in this industry as we knew that losing it in a short period of time is very possible to happen, but if you have a strong heart and dedication to learn those failures and loses will be your advantage to short things out and wins in the long run.

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January 19, 2017, 09:00:21 AM
 #269

This is the most difficult part of trading and that is what is keeping a lot of people out of trading including myself because losing money is not something cool at all. But the real part of trading that I will want is that I don't want to start with losing, if I can start with winning then I can manage any loss that will arise afterwards. The right crypto to go with is now the problem even the bitcoin itself now deserves more attention.
I think most users who try to venture into this market, do this because they need a way to make money on a daily basis. The problem is that, it is not possible to make a profit in this market every day. Sometimes it takes weeks to appear the opportunity of a good trade, because there will not always be opportunities where the level of risk is acceptable for the reward potential. I think the hard part is to identify such opportunities when they appear, and avoid taking unnecessary risks.
The fear of losing is normal but you will not be comfortable when you are taking risk when you cannot afford the amount you use. Our chance to be profitable is when we make the right decision that coincides with the outcome of what we are venturing. Most of us are traders here and we understand that not all time we can predict the right price movement, but with continues study we will surely improve.

Fear of losing money is not easy to overcome especially in the cases where one has already lost before. I once lost big amount in gambling and now i dont feel comfortable taking another such big chance. What it means is that i have a fear and it con only be overcome if i again take the chance and win.  I will not be able to take chance again as i cant afford to lose again.

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January 19, 2017, 09:22:31 AM
 #270

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yeah , your are right . In starting of my trading I made much loss , only due to my blindness at the market of altcoins .
In the first I made buy of BLRY and got about 90% of profit but after got the profit I made buy of some other altcoins and waited for two-three days and then I think I am.speedly going in the loss and then suddenly I sold my all altcoin .
When I shared this experience with my friend , then he said instead to wait for 2-3 days you need to wait 2-3 years , by showing his all transaction of deals he explained me how to take patience .
Finally I understand loss is a part of trading but we can change it into the profit using our patience .

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January 19, 2017, 11:56:41 AM
 #271

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.
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January 19, 2017, 12:46:56 PM
 #272

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.

Sticking to the initial trading strategy won't be successful for a long term. Depending upon the variation happening trader needs to make a change in the strategy. Only then it is possible to earn the best profit possible at the moment as well can overcome the losses if something worse happens too.

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January 19, 2017, 01:32:14 PM
 #273

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.
Yeah there are plenty of traders out there who lost first and make their profit afterwards but really you don't need to lose first before going to success or to be success, you're making up your mind with useless thing if you think that losing is an obligation and such a sacrifice in order to success, that's silly. and about strategy, traders often use the neccessary and adapt to the currenct circumstances

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Zadicar
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January 19, 2017, 04:09:35 PM
 #274

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.
Yeah there are plenty of traders out there who lost first and make their profit afterwards but really you don't need to lose first before going to success or to be success, you're making up your mind with useless thing if you think that losing is an obligation and such a sacrifice in order to success, that's silly. and about strategy, traders often use the neccessary and adapt to the currenct circumstances
Even if you said that lossing would be really part on trading and you cant really avoid it no matter how professional you are on this career.You cant make perfect trades anytime but you could possibly increase the chance on winning trades as your experience build up.Fear of lossing money does really contribute pressure on a trader thats why they often make mistakes because of that.

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richardsNY
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January 19, 2017, 06:46:52 PM
 #275

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.
Yeah there are plenty of traders out there who lost first and make their profit afterwards but really you don't need to lose first before going to success or to be success, you're making up your mind with useless thing if you think that losing is an obligation and such a sacrifice in order to success, that's silly. and about strategy, traders often use the neccessary and adapt to the currenct circumstances
Even if you said that lossing would be really part on trading and you cant really avoid it no matter how professional you are on this career.You cant make perfect trades anytime but you could possibly increase the chance on winning trades as your experience build up.Fear of lossing money does really contribute pressure on a trader thats why they often make mistakes because of that.

Experiend traders indeed don't always make profits with all their trades, but the thing is that they make far more profitable trades than losing ones. That's why if they happen to make a wrong trade that causes them to lose money, that the profits they made before that are more than enough to cover any losses. That's the main point of importance here.
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January 20, 2017, 07:48:40 AM
 #276

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

I do agree with you, most  successful trader out there  have  lost  one significant amount of money before but what they do is that the learn and become a better trader. One thing I notice is common to  most traders is indiscipline, they don't stick to their initial strategy and this act leads to over trading.

Sticking to the initial trading strategy won't be successful for a long term. Depending upon the variation happening trader needs to make a change in the strategy. Only then it is possible to earn the best profit possible at the moment as well can overcome the losses if something worse happens too

That's the point many novice traders don't fully comprehend

They don't understand that the only way to profitably trade is to find their own approach and constantly improve it. Many of wannabe traders find some strategy on the Internet only to be disappointed with the results it provides. Even if that strategy had actually been useful and profitable in the past (which is still disputable), most likely it was already used up so much that it became virtually useless. You may want to read this story if you want to get more insight into that kind of thing
agamasrori
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January 20, 2017, 07:54:46 AM
 #277

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
That's why only less than 10% of trader is the real trader. Income of trader can be more than manager in companies. Trading is good to grow our bitcoin, so keep learn how to trading in the right why. We can not avoid stop loss.


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GreenBits
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January 20, 2017, 08:23:46 AM
 #278

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Thats true it make you successful person if you think like that learns from your mistake.If you want to make more experienced trader just learn and use your knowledge that you learned to predict prices.
Vorth
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January 20, 2017, 09:00:53 AM
 #279

Yes I agree, once you experienced losing in trading then you are in titled to be a Experienced Trader.
But we do not want that to happen but experience matter Smiley
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January 20, 2017, 09:26:48 AM
 #280

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Thats true it make you successful person if you think like that learns from your mistake.If you want to make more experienced trader just learn and use your knowledge that you learned to predict prices.
yeaaa that is normal thing actually to have a feeling insecure do trading.
risk is something that should be familiar for every business maker including a trader.
people usually is too greedy , don't want to experiencing something bad first , they just want a good result only.
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