you need to overcome your fear of losing money

[Indrawan77]

I think to become a professional trader you need to know how to control your emotion and need to defeat the fear of losing, usually a professional trader already prepare and speculate everything before they make their decision, sometime because of fear we can make a wrong decision and it can affect our judgement in trading, so to become successful trader we need to overcome our fear and think clearly

[mxhwr]

No fear trading

[pooya87]

The reason this sounds similar to gambling philosophy is simply because a lot of the "trading" really is gambling, and your brokers are the house. The house edge is the spread. At least crypto-based gambling attempt provably fair transparency. Do you even know for sure your trades are triggered or closed fairly?

i do not agree with this at all.
first of all you can analyze the market and speculate how the outcome would be eventually. for example you can speculate bitcoin price will go up because of xyz adoption or will drop because of xyz exchange hack and act accordingly and all the unexpected cases are rare and like anything else there is nothing anyone can do about it.

and i don't get what you mean by the last statement about "trades being triggered and closed fairly!" that doesn't make sense to me. you set a price and order is filled on that price what is not fair about it?

[Zadicar]

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

Agree, this kind of thing is quiet simple to tell to someone or into yourself but when you are already on the middle of a trade it is very difficult since our aims are usually on making profits and we think always that we should not lose money and we dont like to lose a particular trade. When that happens,emotions will come out and decisions might be change and you wont already follow your trading style thats why lossing money is just a normal thing.

[BitcoinPC]

You said a very big sentence, I am absolutely agree with you. Because the fear is a main part of any business, than if we are talking about trading or gambling, than definitely this sentence will be suit us.
I really want to control my fear, whenever i am using my money in trading. Because the fear of losing ,we have it, and that's why we are not using a big amount in trading, and in this way we discourage our skills.

[Invulner]

You said a very big sentence, I am absolutely agree with you. Because the fear is a main part of any business, than if we are talking about trading or gambling, than definitely this sentence will be suit us.
I really want to control my fear, whenever i am using my money in trading. Because the fear of losing ,we have it, and that's why we are not using a big amount in trading, and in this way we discourage our skills.

I think that fear is actually a good thing in some cases - for example, gambling. If you are gambling, or taking a trade that is an absolute gamble, then you should probably keep in mind that it is not as safe as you would like it to be, and cash out if things aren't turning out well.

If you are doing a proven system, and you're down 5k with 25k bankroll, i'd say go for it.

[deisik]

Yeah that is right that expert traders do not care if they lose and they continue further as they have trust on their skills and they know that they can easily recover their lose at any other place at any other asset. But the newbies have the problem that they often leave trade when they see some loss.

i think is not right, even expert traders is really concern with their loss but they don't show to every one but they consider that their loss is good for their experience so they can learn many things from that and then they will do the best thing that they can. and its really good for every people that we should not fear of losing money while we doing trading because its normal, sometimes we get profit and the other time we can get loss, its like wheel of fortune.

Losses themselves are neither good nor bad for trading experience

If you can pinpoint your mistake that caused a loss, you will obviously try not to make it in the future. In this case, the loss will probably teach you something, though people usually tend to make the same mistakes all over again even if they clearly understand and see the actions that lead to them. Otherwise, the loss will just remain a loss and could only add negative emotions to your sentiment and a dent to your account

[Factmine]

Yeah that is right that expert traders do not care if they lose and they continue further as they have trust on their skills and they know that they can easily recover their lose at any other place at any other asset. But the newbies have the problem that they often leave trade when they see some loss.

i think is not right, even expert traders is really concern with their loss but they don't show to every one but they consider that their loss is good for their experience so they can learn many things from that and then they will do the best thing that they can. and its really good for every people that we should not fear of losing money while we doing trading because its normal, sometimes we get profit and the other time we can get loss, its like wheel of fortune.

Losses themselves are neither good nor bad for trading experience

If you can pinpoint your mistake that caused a loss, you will obviously try not to make it in the future. In this case, the loss will probably teach you something, though people usually tend to make the same mistakes all over again even if they clearly understand and see the actions that lead to them. Otherwise, the loss will just remain a loss and could only add negative emotions to your sentiment

In short, "charge it to experience."

I would say too, that in trading you sometimes lose but that doesn't mean you should just stop and never come back. The main point is to stand back up again and try again. Study where you made a mistake and do better next time. It's just like basketball you train to be the best at you game.

[iamTom123]

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

Sounds like something a scammer would say after a successful scam. 

You just made me laugh. Yes, quite true this is what all scammers would say to their victims after the victims lost money in the process. As for trading, losing is always a probability that is we have to follow some proven strategies to minimize this possibility and to increase the likelihood of winning.

[X-ray]

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

Sounds like something a scammer would say after a successful scam. 

You just made me laugh. Yes, quite true this is what all scammers would say to their victims after the victims lost money in the process. As for trading, losing is always a probability that is we have to follow some proven strategies to minimize this possibility and to increase the likelihood of winning.

I'd agree that saying losing is part of succesfull a bit silly. when some traders out there always keeping them from losing by saying this thing is like " i don't care if i lose because i will eventually success" that's really nuts. whether they will success or not is uncertain and we can't predict the fortune. losing could be part of success and also could be part of bankrupt

[Potato Chips]

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

Sounds like something a scammer would say after a successful scam.  

Losing money because of an unsuccessful trade and because of investing it to a scam coin is different . If you lose money due to an

unsuccessful trade then you should not be ashamed for it instead just lear from it and iclude it to your trading strategies. But losing your

money to a scammer really not feels good because your hard earned will like go to waste.

[serjent05]

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

Agree, this kind of thing is quiet simple to tell to someone or into yourself but when you are already on the middle of a trade it is very difficult since our aims are usually on making profits and we think always that we should not lose money and we dont like to lose a particular trade. When that happens,emotions will come out and decisions might be change and you wont already follow your trading style thats why lossing money is just a normal thing.

First of all, trading is not gambling(where you are aware that losing is normal since you are relying on chance/luck), to those who do not do their research and study about stocks, losing money when trading is normal but for those who do deligent research, indepth study and yet they lost money, it is not normal and there is something wrong.  

Second.  Losing money is not part of a successful trading.  How can you say you are successful when you lost an amount of money.  If you are learning and studying on how to be successful trader, then losing is part of learning curve on how to be a successful trader.  If you still  can't get it, why not  try to understand  the traders definition of a successful trade.

[Taki]

I have never tried to trade. And yes, you are right, I have a fear to loose all of my money. Maybe I should try with some little amount for the beginning? Bitcoin show good itself today, but it cost so much per 1 btc, which another crypto currency that costs not so expansive can I try? Can someone recommend me? Thanks.

[Idrisu]

I have never tried to trade. And yes, you are right, I have a fear to loose all of my money. Maybe I should try with some little amount for the beginning? Bitcoin show good itself today, but it cost so much per 1 btc, which another crypto currency that costs not so expansive can I try? Can someone recommend me? Thanks.

you didn't need mush to start trading bitcoin, in fact I recommend you start with very little amount from beginning.Trading site like yobit minimum amount for trading is not up to $10. During your little fund trade try learn all the trading rule and market analysis, such as fundamental analysis, technical analysis and money management. I will also advice you to focus on developing your trading skills more than profit making.

[deisik]

I have never tried to trade. And yes, you are right, I have a fear to loose all of my money. Maybe I should try with some little amount for the beginning? Bitcoin show good itself today, but it cost so much per 1 btc, which another crypto currency that costs not so expansive can I try? Can someone recommend me? Thanks.

The fear is not what you should be afraid of

A more dangerous thing is greed. In fact, these two emotions are always coupled but the balance between them is never kept as it should be, while greed is more fatal to your account overall. If greed is stronger than fear, it wouldn't let you earn decent profits when you are in the green territory (you would exit a winning trade too early), and it wouldn't let you close your losing positions when you are in the red (you would keep a loosing trade for too long)

[cramcram21]

you should really need to overcome your fear of losing money specially in this cyber world where you earn some you will definitely lose some of your earning and maybe some of your real money there was a player in bustabit who always says you should go high or go home

[Barbut]

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

Losing is a part of life, its how we acquire experience. Without losing we wouldn't learn nothing in our lives. Life reflect itself on trading and gambling , we need to try over and over again, no matter how many times we lose, its why persistent people have more chances to be successful in their life and work, then others who are constantly afraid of losing.

[BitHodler]

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

Losing is a part of life, its how we acquire experience. Without losing we wouldn't learn nothing in our lives. Life reflect itself on trading and gambling , we need to try over and over again, no matter how many times we lose, its why persistent people have more chances to be successful in their life and work, then others who are constantly afraid of losing.

Learning from mistakes brings us forward in life as we gain experience, but you have to keep in mind that there are a lot people not learning from their mistakes.

They desperately try and try to trade where they only put themselves deeper into losses. In this case these people should accept the fact that they can't trade or invest.

Those who are early/wise enough to realize that what they do is wrong without any improvements, then they will simply quit everything just for their own safety.

It takes courage to admit your own wrongdoings and to accept that it's better to stop everything. But eventually they will look back happily at the decision they made.

[Strongkored]

You said a very big sentence, I am absolutely agree with you. Because the fear is a main part of any business, than if we are talking about trading or gambling, than definitely this sentence will be suit us.
I really want to control my fear, whenever i am using my money in trading. Because the fear of losing ,we have it, and that's why we are not using a big amount in trading, and in this way we discourage our skills.

I agree with you fear is main part of any business, all businessman have a fear, but the important thing for this is how to control my fear, cause if i can't control my fear i can't reach the succesfull and also for trader if their fear to loss their money they can't gain profit, loss and profit is like a part for trading, the important with trading is manage the money with wise, when get loss, stop for a while and learn why get loss, when get profit save the profit don't spend to all trading

[andrei56]

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."

Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.