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Author Topic: you need to overcome your fear of losing money  (Read 52909 times)
FlightyPouch
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December 07, 2016, 07:26:10 PM
 #61

Hmm..well, you trade because you wanted that that thing and you know it has the same value right?? Then why I think of losing something when it has of the same value? For example, you buy a food in a supermarket, well buying is trading too right? It is not a loss for me because you got something that you needed. I think that is the importance of trading. You exchange something that you have for what you need and want.

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December 07, 2016, 08:05:52 PM
 #62

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You mean to say only with the experience we can ignore losses ? I do not think so because in practical if a trader worries about future losses or already incurred losses then you will not able to concentrate on current trades.

As long as we are tension-free and having full mindset on technical analysis, we will get chances to sustain successfully in trading. Some people are quitting trading due to this reason as they are unable to manage it properly.
Yes, for trading we need proper emotion control. Getting fear on losses will not let a trader to focus on his other responsibilities. To have an effective management in all aspects of trading we need strong emotion control. Failing in this will not get us preferred results from our trading.
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December 07, 2016, 11:56:12 PM
 #63

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You mean to say only with the experience we can ignore losses ? I do not think so because in practical if a trader worries about future losses or already incurred losses then you will not able to concentrate on current trades.

As long as we are tension-free and having full mindset on technical analysis, we will get chances to sustain successfully in trading. Some people are quitting trading due to this reason as they are unable to manage it properly.
Trading and investment is always about risk , and there always a fear
It's normal i think to have it , but the problem is how we have to handle it right?
If you are a risk taker you may have know about it already , bigger fear you get bigger potential profit you will get.
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December 08, 2016, 03:00:07 AM
 #64

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Everyone is entitled to their own opinion but if you lack fear then to me that means you have stopped caring about losing money, which is never a good sign, because when you trade you must care about every single dollar or mBTC you have.
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December 08, 2016, 05:40:25 AM
 #65

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Everyone is entitled to their own opinion but if you lack fear then to me that means you have stopped caring about losing money, which is never a good sign, because when you trade you must care about every single dollar or mBTC you have.

I do not think we need to fear to have trade, just need to be careful while we have a trade with the people, they might cheat us. So while we have trade with them just need to check the trust and feedback while have the trade.
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December 08, 2016, 06:37:25 AM
 #66

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.

You are correct, Its a big yes to me that losses is a normal part of trading being a trader. But sometimes some of the traders are so afraid to loss their money, but we had a lots of member here who can assist you or give an advice of how you are going to start here as trader. no. 1 rule is we need to be a risk taker we should think always a positive way that we are going to win.
Idrisu (OP)
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December 08, 2016, 07:31:59 AM
 #67

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You mean to say only with the experience we can ignore losses ? I do not think so because in practical if a trader worries about future losses or already incurred losses then you will not able to concentrate on current trades.

As long as we are tension-free and having full mindset on technical analysis, we will get chances to sustain successfully in trading. Some people are quitting trading due to this reason as they are unable to manage it properly.
I think you get me wrong or I don't understand what you are really saying. Experience trader do remove their minds not to continue dwell in lose but treat loss as part of trade.there is no known strategy that work perfectly in forex, bitcoin or other altcoin trading and because of this reason trader must loss and because trader must loss he or she most treat loss as part of trade.
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December 08, 2016, 08:27:39 AM
 #68

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
You mean to say only with the experience we can ignore losses ? I do not think so because in practical if a trader worries about future losses or already incurred losses then you will not able to concentrate on current trades.

As long as we are tension-free and having full mindset on technical analysis, we will get chances to sustain successfully in trading. Some people are quitting trading due to this reason as they are unable to manage it properly.
I think you get me wrong or I don't understand what you are really saying. Experience trader do remove their minds not to continue dwell in lose but treat loss as part of trade.there is no known strategy that work perfectly in forex, bitcoin or other altcoin trading and because of this reason trader must loss and because trader must loss he or she most treat loss as part of trade.

in my opinion you shouldn't really look for "strategies" when you are trading. every single trade should be its own strategy and has its own reasons why you do it.

for example when you decide to trade bitcoin you have to ask yourself if buying it right now is the right decisions or the same with selling. and the come up with the prices that you want to buy/ or sell it based on the knowledge and analysis that you do on the market (charts) and the news also.

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December 10, 2016, 12:32:54 PM
 #69

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yes losing is part of trading but keep in mind that even in gambling or some other are profitable there are some fear. You have just to control your emotion and you know how to deal with it.

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December 10, 2016, 02:03:35 PM
 #70

Right, but in this point of view, when we learn from our mistakes, and our experience tell us the achievement and also i know that especially in trading we mustily need experience, than we start earning from trading.
Also you are right, we never feel fear, without fear, it is easy to do trading, and always be a patient man, because trading need time.

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December 11, 2016, 02:43:33 PM
 #71

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

This really stops me from investing and trading.I totally agree with that.

The fear of failure is a big problem every time you start something new.It`s a huge problem for me.

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December 11, 2016, 02:47:25 PM
 #72

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

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

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December 11, 2016, 04:54:55 PM
 #73

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

Easier said than done I lost a lot when I just starting out,that was the time I need to slow down and find a way to recover all my losses,so lucky that I finally learn it all fast and recover some of my loses,you cannot avoid losing,you can only minimize it and yes when you overcome the fear of losing,you will have a good insight.


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December 11, 2016, 06:13:34 PM
 #74

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yes losing is part of trading but keep in mind that even in gambling
or some other are profitable there are some fear. You have just to control your emotion and you know how to deal with it.

True, it is part of trading to be lose especially when you are beginner yet do not lose hope because maybe you just in a wrong timing, and
mostly is in gambling never expect that you will win. Just always keep your moves safe.

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December 11, 2016, 07:19:32 PM
 #75

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yes losing is part of trading but keep in mind that even in gambling
or some other are profitable there are some fear. You have just to control your emotion and you know how to deal with it.

True, it is part of trading to be lose especially when you are beginner yet do not lose hope because maybe you just in a wrong timing, and
mostly is in gambling never expect that you will win. Just always keep your moves safe.



Fear shows a person that he is in a situation where he does not feel comfortable.
When fear comes up with trading, the reason for that will probably be a combination of having too much money involved, and too few experience in trading.
I would say it's best to start small. Small money, not too much tradings. And always keep in mined that not everything in trading can be predictet.
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December 12, 2016, 06:08:40 AM
 #76

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

In that case of a matter you are correct dude! Since this is a world of business in bitcoin community, all members are wiling to lost their investment because they are risk taker in an online matter. Therefore, doubting and fear of losing money is connected to become a successful business minded one.
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December 12, 2016, 06:50:25 AM
 #77

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

Yes that's true, just like the saying that everything is needed to go to the bottom before you are going to reach the peak of your success.

Ups and downs are just normal especially in trading and because of that losing, you will learn something new about it.

That's why every time I lose money, I'm just telling to myself that there is a lesson learned.

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December 12, 2016, 08:56:53 AM
 #78

Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and  made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
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December 12, 2016, 09:16:17 AM
 #79

Yes it is very true because to become successful trader definitely you will loose some money in starting. Because forex is completely different from bitcoin trading, here we have many option of trading so people should be very careful and they need to take some measures how to become successful trader with bitcoin.


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jvc12
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December 12, 2016, 09:52:11 AM
 #80

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