you need to overcome your fear of losing money

[kidoseagle0312]

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

This is also one of the facts, why some of the investors losing big amount of money. Why? It is because of fear in something that we don't like to be happen to us. But in reality we cannot  escape from it, instead of running way from it, lets face it and think about the solution that can resolve it. Probably, lets take it like a vitamins and  food supplement that can prevents our failures which can possibly to be happen. If this things will implement while we do trade in exchange sites everything for sure will be fine and smooth in progress.

[millgates]

In investing, whether you like or not, you can lose or you can earn money. Just like your fear, we must all face our fear, we must fight it. We all know that  fear sometimes lead us to lose some of the chances. Like in trading, sometime, we must gamble our money to earn.

Sorry, I dissagree with you. I think the right trader is not do their job such as gambling. Lose money in trading is normal we have to know when we have to stop lose. Trading could be the best source of bitcoin but it still have risk.

[traderethereum]

In investing, whether you like or not, you can lose or you can earn money. Just like your fear, we must all face our fear, we must fight it. We all know that  fear sometimes lead us to lose some of the chances. Like in trading, sometime, we must gamble our money to earn.

Sorry, I dissagree with you. I think the right trader is not do their job such as gambling. Lose money in trading is normal we have to know when we have to stop lose. Trading could be the best source of bitcoin but it still have risk.

i agree with you, the trader will use analysis before they do trade and only make a buy that have a chance to make profit. its true that sometimes we need to control our fear of losing money and we should do this otherwise, we can not increase our skills in trading.

[coinplus]

In investing, whether you like or not, you can lose or you can earn money. Just like your fear, we must all face our fear, we must fight it. We all know that  fear sometimes lead us to lose some of the chances. Like in trading, sometime, we must gamble our money to earn.

Sorry, I dissagree with you. I think the right trader is not do their job such as gambling. Lose money in trading is normal we have to know when we have to stop lose. Trading could be the best source of bitcoin but it still have risk.

i agree with you, the trader will use analysis before they do trade and only make a buy that have a chance to make profit. its true that sometimes we need to control our fear of losing money and we should do this otherwise, we can not increase our skills in trading.

Yes without peace of mind, we will never able to learn the trading aspects. To flourish in trading, we must learn continuously. If we fail on this, at some point of time we will turn as an unfit for perfect trading. To learn the in-depth secrets of trading we must overcome all our emotions. Control emotions, learn and then make profits easily.

[Mometaskers]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

[deisik]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

[Mometaskers]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

I'm talking about those who sell out of fear when they see price fall in hopes of at least getting some of their money back. IMHO you shouldn't be risking money you can't afford to lose in the first place.

[Botnake]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

Certainly agree with your statement, with lack of knowledge, you are just guessing and most likely you are just gambling. On the other hand, if you feed yourself with relevant information, you have the confidence to make an outright decision, what you did was all calculated and regardless of the outcome, you are still happy with what you did. Normally, when you did a good research, success will most likely to happen.

[Zadicar]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

Certainly agree with your statement, with lack of knowledge, you are just guessing and most likely you are just gambling. On the other hand, if you feed yourself with relevant information, you have the confidence to make an outright decision, what you did was all calculated and regardless of the outcome, you are still happy with what you did. Normally, when you did a good research, success will most likely to happen.

This is true we should really be confident in our trades and before that good knowledge will be the key so that we would really lost the pressure which really generates fear on our minds. We cant really avoid this thing since we do really afraid on lossing money and its really hard to overcome it on a short period of time.

[btcdiggingmaster]

Every one should follow some rules before entering into trading, you should agree and move forward with your losses, you should agree and move forward with your gains. Trading is completely depends on analysis and market strategies, some time you analysis will not work but you need to control your emotion because you will find different place where you will make money through trading.

[xIIImaL]

Every one should follow some rules before entering into trading, you should agree and move forward with your losses, you should agree and move forward with your gains. Trading is completely depends on analysis and market strategies, some time you analysis will not work but you need to control your emotion because you will find different place where you will make money through trading.

You can see the present value of bitcoins and how its stable in the market. Since the value is volatile. Trading can initially perform with low investment because we do not able to who is right buyer or seller. Then we have move our trading with escrow system to have safe trade.

[carlerha]

In investing, whether you like or not, you can lose or you can earn money. Just like your fear, we must all face our fear, we must fight it. We all know that  fear sometimes lead us to lose some of the chances. Like in trading, sometime, we must gamble our money to earn.

Sorry, I dissagree with you. I think the right trader is not do their job such as gambling. Lose money in trading is normal we have to know when we have to stop lose. Trading could be the best source of bitcoin but it still have risk.

i agree with you, the trader will use analysis before they do trade and only make a buy that have a chance to make profit. its true that sometimes we need to control our fear of losing money and we should do this otherwise, we can not increase our skills in trading.

Yes without peace of mind, we will never able to learn the trading aspects. To flourish in trading, we must learn continuously. If we fail on this, at some point of time we will turn as an unfit for perfect trading. To learn the in-depth secrets of trading we must overcome all our emotions. Control emotions, learn and then make profits easily.

in fact if a pperson want to become a successful trader he need to overcome all his fear of losing money in trading and only then he can be succeeded. i think for avoiding fear one need to have spend time in trading so as to get experience and some skill of trading.

[dhampir-D]

Sometimes the fear of losing money can be a sign that the investor is not doing things right, in which case what would make a difference would be the elimination of flaws that exist in planning, or to seek safer investments. However, if the fear of losing money is related to not wanting to take risks, this can be a problem, because all investments have risks, and generally the higher the potential, the greater the risk.

It is important to look for little explored fields with great possibilities, but be aware that if you are investing more than you can afford to lose, you should listen to your instincts.

[markyminer]

Sometimes the fear of losing money can be a sign that the investor is not doing things right, in which case what would make a difference would be the elimination of flaws that exist in planning, or to seek safer investments. However, if the fear of losing money is related to not wanting to take risks, this can be a problem, because all investments have risks, and generally the higher the potential, the greater the risk.

It is important to look for little explored fields with great possibilities, but be aware that if you are investing more than you can afford to lose, you should listen to your instincts.

yes it is right, and i think this weakness can be overcome if some one have good experience and  knowledge about trading. i think if some one have good money for investment even then he can over come the fear of losing money because he has more money to invest therefore he do not care for a little money to lose. but i think the best way to overcome fear is to get some good experience and knowledge of trading.

[deisik]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

I'm talking about those who sell out of fear when they see price fall in hopes of at least getting some of their money back. IMHO you shouldn't be risking money you can't afford to lose in the first place

Stop-orders are used exactly for that

It is basically the same fear out of which traders are placing these orders. If they didn't have this fear (i.e. they were sure that the price wouldn't go any lower), they wouldn't be placing them. This is the lesser of two evils, losing small or losing big. In this way, if you just happen not to feel any fear at all (for whatever reason) and remain emotionless (no matter what), that will eventually lead you to greater losses

[anonbit992]

I think students should be taught in schools and colleges about overcoming fears in life. They should be shown examples of great individual who have conquered fears and came out in flying colours. Let it be fear of losing money, job or anything. What matters is we create individuals who are bold, risk taking and are ready to face anything in life. Fear of losing money or fear in general will only make you a loser in life.

[wildan88]

I am really afraid of losing, when I don't have a lot of money and have a limited capital. because I was afraid of not having any more money to make money. However different when I have a lot of money, I'm willing to lose and at least have a backup when I lose. and you are right, when I'm not afraid to lose, I've always make a profit and not like when I was afraid of losing. It's hard to make choices in the end I always miss the opportunity on trading.

[Kevin77]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

I took the same risks and got dumped.
I invested a bit too much in ICOBID and then finally I had to sell them cheap and almost dirt prices, people still say they will rise but man I cannot wait 10 years.

Moreover Icobid has been one nightmare projects in my view, they don't have time to devote to the project after taking away 1000+ btc from users and maybe they just wanted to earn and dump. Tons of coins get listed on exchange while ICB didn't even tried to get listed on any.

[batang_bitcoin]

I think students should be taught in schools and colleges about overcoming fears in life.

Yes they should be thought but in a different perspective because it can be also a source of their strength for trying out things that we don't want them to do.

They should be shown examples of great individual who have conquered fears and came out in flying colours.

It is a good example for them and this is applicable for their future dreams.

Let it be fear of losing money, job or anything.

NO, they shouldn't be taught on losing a job or anything. Instead they need to value things out.

What matters is we create individuals who are bold, risk taking and are ready to face anything in life. Fear of losing money or fear in general will only make you a loser in life.

Not really will make you are loser, it depends on how you are going to understand a person's situation if he has fear of losing.

[Victorycoin]

True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

I'm talking about those who sell out of fear when they see price fall in hopes of at least getting some of their money back. IMHO you shouldn't be risking money you can't afford to lose in the first place

Stop-orders are used exactly for that

It is basically the same fear out of which traders are placing these orders. If they didn't have this fear (i.e. they were sure that the price wouldn't go any lower), they wouldn't be placing them. This is the lesser of two evils, losing small or losing big. In this way, if you just happen not to feel any fear at all (for whatever reason) and remain emotionless (no matter what), that will eventually lead you to greater losses

In any of the financial markets, there are a million and one factors that influences price, thus making it impossible for anyone to hold the answer to where or what the market is up to the next minute. I think those people that claims to see the future, should have been wealthy now if they really do.