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Author Topic: you need to overcome your fear of losing money  (Read 52924 times)
deisik
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January 04, 2017, 08:51:43 PM
 #221

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

You already answered your question dude, But let me give my answer's too. To overcome your fear its not just a part of our lives but it is a tail or twin of the life of the individuals. Meaning losing is like a grinding machine for us to be sharpen more in trading to become a successful trader.

Exactly. We always learn more with mistakes we made along the way. As someone said: "What does not kill you can make you a stronger person." Though losing can indeed be a heart-breaker, we can not afford not to move on and then gain what we lost.

Nietzsche said that

Though I don't think that if you chop your hand off, you will come off any stronger after that (provided you survive in the first place). I'm not Nietzsche but I also said just yesterday that people overall don't learn even from their own mistakes and trading is the field where it is felt in most acute way. For example, the majority of people are well aware that they should cut their losses short (it is the basics of altcoin trading, the question of life and death, figuratively speaking), but they continue to hold on to their now useless and worthless shitcoins till their price eventually hits 1 satoshi

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January 05, 2017, 01:20:05 AM
 #222

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
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January 05, 2017, 02:36:04 AM
 #223

Without any risks there is no glory right ? You have to sometimes take risks to be successful, I really believe in that.
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January 05, 2017, 09:16:08 AM
 #224

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

You already answered your question dude, But let me give my answer's too. To overcome your fear its not just a part of our lives but it is a tail or twin of the life of the individuals. Meaning losing is like a grinding machine for us to be sharpen more in trading to become a successful trader.

Exactly. We always learn more with mistakes we made along the way. As someone said: "What does not kill you can make you a stronger person." Though losing can indeed be a heart-breaker, we can not afford not to move on and then gain what we lost.
Yes. Losing is part of trading I just wannaa share that in trading it's not about who will earn a lot first it's all about earning what you can bit by bit. So to became a successful trader you shoul fcus on yur self firat if you will loss inveat again until you reach the success. The lasring I want in trading is to earn while I am sleeping like other big time in trading so goodluck to all of us
For you to become a good trader and an experienced one you have to learn not to be afraid of losing money, you have to lose in order to make profit and learn from you mistakes so that you can develop you own strategy, and become an experienced trader, start by trading with a small amount so you want to lose a lot and when you think you learnt the way start by increasing the amount you trade with.
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January 05, 2017, 08:34:59 PM
 #225

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

You already answered your question dude, But let me give my answer's too. To overcome your fear its not just a part of our lives but it is a tail or twin of the life of the individuals. Meaning losing is like a grinding machine for us to be sharpen more in trading to become a successful trader.

Exactly. We always learn more with mistakes we made along the way. As someone said: "What does not kill you can make you a stronger person." Though losing can indeed be a heart-breaker, we can not afford not to move on and then gain what we lost.
Yes. Losing is part of trading I just wannaa share that in trading it's not about who will earn a lot first it's all about earning what you can bit by bit. So to became a successful trader you shoul fcus on yur self firat if you will loss inveat again until you reach the success. The lasring I want in trading is to earn while I am sleeping like other big time in trading so goodluck to all of us
For you to become a good trader and an experienced one you have to learn not to be afraid of losing money, you have to lose in order to make profit and learn from you mistakes so that you can develop you own strategy, and become an experienced trader, start by trading with a small amount so you want to lose a lot and when you think you learnt the way start by increasing the amount you trade with.
if you have fear in trading then you will not be able to invest your money intrading, and suppose you invest your money you will be very upset and not too much confident, and there are then more chances that you will even lose your money.
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January 05, 2017, 09:47:53 PM
 #226

when you are going to trade you should know that you must have two bags, one for losses and the other one  for winnings, but with the time you may become an experienced trader and the losses should be minimized, if time runs and you keep losing more than what you win, the you shloud quit, trading is not for you
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January 08, 2017, 11:51:40 PM
 #227

You are right. It is hard but it helps.
How about losing just a little for starters. Create a wallet to where it limits to what number you could just spend. The gambling wallet as how I look it. It's main purpose is just for gambling.
Such measures may even work for some people, but most people would have to take more decisive measures not to exceed the limits. In addition, it is necessary to change the way of thinking about money and about spending, knowing well the limitations and avoiding spending on unnecessary things.
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January 09, 2017, 03:08:29 AM
 #228

when you are going to trade you should know that you must have two bags, one for losses and the other one  for winnings, but with the time you may become an experienced trader and the losses should be minimized, if time runs and you keep losing more than what you win, the you shloud quit, trading is not for you
Yup, every loss will teach you one new idea to overcome your loss in next bet. And it will help you how to trade safely, and this is the real experience for you in trading. If you not your money, you will not learn anything in trading. But once you become a pro in trading this is the best method to make money through Bitcoin.
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January 09, 2017, 02:42:59 PM
 #229

when you are going to trade you should know that you must have two bags, one for losses and the other one  for winnings, but with the time you may become an experienced trader and the losses should be minimized, if time runs and you keep losing more than what you win, the you shloud quit, trading is not for you
Yup, every loss will teach you one new idea to overcome your loss in next bet. And it will help you how to trade safely, and this is the real experience for you in trading. If you not your money, you will not learn anything in trading. But once you become a pro in trading this is the best method to make money through Bitcoin.
Yes continuous learning will get us the possibility to get rid the fear of loss while trading. New traders usually fail to overcome this emotional behaviors but once they learn that the losses are also part of trading, it would be possible for them to trade without any fear.

The big catch here must be, your losses should be in minimum number of occurrences and also in minimum value compared to profits.
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January 09, 2017, 02:47:20 PM
 #230

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.
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January 09, 2017, 02:53:23 PM
 #231

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
Risking is big part of earning money if you really want to earn money or to grow your money not only taking the risj is all about in how to grow it safe don't think about risking too much money being a good thinker can help your self out to find another way of growing money.

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January 09, 2017, 03:12:50 PM
 #232

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
Risking is big part of earning money if you really want to earn money or to grow your money not only taking the risj is all about in how to grow it safe don't think about risking too much money being a good thinker can help your self out to find another way of growing money.

This is also true that without risk no earning high but if you risk the full investment that is foolishness because we should only risk that much which we can afford and it is always not that without risk no gain, their are gain but they are small so if you are thinking of high odd winning that is then comes to luck based.

So in my sense only risk that much you can afford and if you are getting low odd then go for it because something is better then nothing because when you go for ROI then you will see that you are in profit in long term 
Dwetha
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January 09, 2017, 03:57:06 PM
 #233

Indeed losing money with risks is normal and you have to take risks to get good money without any doubts so I think that is normal in these situations.
Potato Chips
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January 09, 2017, 05:58:06 PM
 #234

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
Risking is big part of earning money if you really want to earn money or to grow your money not only taking the risj is all about in how to grow it safe don't think about risking too much money being a good thinker can help your self out to find another way of growing money.

This is also true that without risk no earning high but if you risk the full investment that is foolishness because we should only risk that much which we can afford and it is always not that without risk no gain, their are gain but they are small so if you are thinking of high odd winning that is then comes to luck based.

So in my sense only risk that much you can afford and if you are getting low odd then go for it because something is better then nothing because when you go for ROI then you will see that you are in profit in long term  

In short even if it is inevitable to earn witout risking something, We can still manage or to be more precise, To

minimize the risks which increases our chance to success. It is true that a person should only risk money that he

can afford to lose, The only person who are acceptable to risk huge amounts of money are the ones who have

lots. For us who don't if we lose a huge amount of money it can greatly affect our lives.  And relying on luck in

earning money will not do anything good we should rely on our hard work

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January 10, 2017, 04:39:38 PM
 #235

Indeed losing money with risks is normal and you have to take risks to get good money without any doubts so I think that is normal in these situations.
actually the new traders who have never trade before do not know much about the rules and nature of trading. while investing money they do not confident to have to invest boldly but after getting some experience they can overcome their fear in trading and investing their money.

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January 12, 2017, 06:15:34 AM
 #236

Indeed losing money with risks is normal and you have to take risks to get good money without any doubts so I think that is normal in these situations.
but the problem is that most of the people do not have any experience in trading therefor they have no experience even in losing money. therefore i will suggest them only to use invest a small amount in start and increase their investment slowly.
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January 12, 2017, 03:39:51 PM
 #237

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
You're right if you really want to earn in trading you must overcome all of your fear. It's normal you have fear of losing all of your funds but just like what OP say you will need to face your fear just like in gambling bet what you can afford to lose. You will also need some strategies in trading

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January 12, 2017, 03:55:35 PM
 #238

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
You're right if you really want to earn in trading you must overcome all of your fear. It's normal you have fear of losing all of your funds but just like what OP say you will need to face your fear just like in gambling bet what you can afford to lose. You will also need some strategies in trading
You will not only need strategies on trading but a knowledge and skills in able to be profitable and yes fear of lossing money is everywhere anytime you get or pick money on your pocket or wallet and most people do really feel this kind of emotion and its really normal because money is valuable for us thats why we are afraid to lose it but we should really face that fear in able to earn money.

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January 13, 2017, 10:26:22 PM
 #239

Yes, without any risks you also will not make any money, its as simple as that, you need to take some risks sometimes to get that money.
You're right if you really want to earn in trading you must overcome all of your fear. It's normal you have fear of losing all of your funds but just like what OP say you will need to face your fear just like in gambling bet what you can afford to lose. You will also need some strategies in trading
You will not only need strategies on trading but a knowledge and skills in able to be profitable and yes fear of lossing money is everywhere anytime you get or pick money on your pocket or wallet and most people do really feel this kind of emotion and its really normal because money is valuable for us thats why we are afraid to lose it but we should really face that fear in able to earn money.
There are many factors in scene, and it is difficult to understand all of them in theory. There are things that the individual will only learn through experience. It is not advisable to invest large amounts too early, of course, but as experience is gained, it becomes more advisable to make bolder investments.
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January 13, 2017, 11:31:48 PM
 #240

I do not despise the fear of losing, because in my personal case that is what drives me to prioritize a strong risk and money management as the main part of my trading style. 

To think that caution is something negative that must be overcome is what usually leads the losers to end up their trading attempts without a penny in their pockets.
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