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jcojci
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October 08, 2018, 05:18:22 AM |
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do long-term trading, and forget your trade.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
It can only work well with the profitable coin, but we know that we have too many coins in our wallet and it's waiting for the price to go up again. I think to overcome his fear; he can try to not watching the price movement because this will makes him become panic especially if he sees the price jumps to the lower price. He can try to do another thing to avoid thinking about the market in every day and only take a look in the market at once in a day. Besides that, he can try to reduce his time trading so he can have his balance to get the lower price. |
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secondbtc
Member
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Activity: 180
Merit: 12
SecondBTC - Trade and Earn
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October 08, 2018, 06:03:28 AM |
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Don't involve in any coin/token emotionally , if you control your emotion you will never face such situation
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coffigayo
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Activity: 322
Merit: 12
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October 08, 2018, 06:32:23 AM |
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In my opinion, understanding that the market cannot be used to meet your daily needs. Because the market is very uncertain and noisy. Start with a small amount and if you already have a lot of experience then you will get a large amount in trading.
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Kira_lapa
Jr. Member
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Activity: 126
Merit: 1
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October 10, 2018, 09:54:18 AM |
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You have to study all the time. At the beginning of my work with cryptocurrencies, I had a huge fear, but as I gained knowledge about cryptocurrencies and understood how this market works, my fear went away. Now I do not experience it at all, I come to work with a cold calculation.
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Japinat
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October 10, 2018, 10:52:01 AM |
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You have to study all the time. At the beginning of my work with cryptocurrencies, I had a huge fear, but as I gained knowledge about cryptocurrencies and understood how this market works, my fear went away. Now I do not experience it at all, I come to work with a cold calculation.
That's good to hear, I hope everyone will not take crypto as an easy way to make money so they will not regret in the end. It's still very risky although there is a chance to be rich here but it should always depend on how we are strong to hold and survive in this bearish situations. |
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bitbunnny
Legendary
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Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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October 10, 2018, 11:13:39 AM |
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I would say that is good that you have some fear because for that reason you probably will not make some foolish decisions and take more risk that you can bear.
My advice to overcome the fear would be that you start trading with small amounts to get the feeling of the market and to learn how it's functioning. Also diversify funds on different exchanges and don't push your luck.
But before all that try to learn at least some basics about trading and cryptocurrencies.
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Omega Weapon
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October 16, 2018, 10:23:14 PM |
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If you are afraid, start with a small amount, allocate some of the funds you have then see how your performance is and how much you can double your capital. This is a step to get used to, if you feel that you are s ure of what you are doing then add the amount you will use for trading. This is critical, I see a lot of people starting their trading career with all their capital and day trading and that is a huge mistake, you need to start your career with a small percentage of your capital and trading a longer time frame so you can get the experience and the ability to read the markets and to react to them in a more efficient way, only then you can trade with all your capital. |
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Pattart
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October 17, 2018, 01:54:55 AM |
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your main fear is losing your money. To avoid this kind of fear, you need to invest the amount that you do not mind losing.
Thats right, dont invest more than you cant afford to lose, this strategy is simple but works. not only because you are fear of losing then you are afraid to take certain steps and decisions. therefore adjust capital to your financial ability so that you are not afraid of the risks there and your calculations can be made carefully.. |
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InvestICO2L
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October 18, 2018, 09:47:29 AM |
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Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
You will never overcome your fear if you are afraid for money. This psychology will force you, lose your money. Find the amount that you do not mind losing. The start is always hard for many among us. It is not just understanding the technology but also taking steps to ensure its practical implications. That is why it is often advised to invest a small amount of money initially and as you gain experience with the passage of time, you will be able to expand the volume of your business. So be a risk taker and you will never fear the trade. Even if you loose money, the experience will help you ahead prior to making strategies. Exactly. With anyone who just enters this field for first time, definitely he get many troubles. Anyway, nothing is really easy for newbie. As I can see you had a clear goal(just to earn daily for your daily needs), so now you should make a plan for trading, but first and foremost let manage your time to get a proper knowledge and take some research for what you are wonder or something like that. I don’t know what you are worried, but if you have a fear of losing for the first, let start trading with a small capital. While you’re trading, remember to build skills and experience because those factors is brutally necessary for your trading. If you want to reach a large fruits from crypto market, you better face with risk. Honestly you have many opportunities in order to get a big benefit, thus you should take its advantages and foremost let remove the fear. |
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anitaraymonds
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October 18, 2018, 10:48:43 AM |
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You have to learn how to trade from an experience trader or read through online teachers. During the training on how to trade you will learn the basic skills and how to prepare for your daily trade. After the training you need to trade simulation (demo) trading for some reasonable time to increase your confidence in trading and fine tune your strategy. This is very important because it will help to reduce the fear and increase the confidence you need to trade well.
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Sanitough
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October 19, 2018, 02:04:46 AM |
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You have to learn how to trade from an experience trader or read through online teachers. During the training on how to trade you will learn the basic skills and how to prepare for your daily trade. After the training you need to trade simulation (demo) trading for some reasonable time to increase your confidence in trading and fine tune your strategy. This is very important because it will help to reduce the fear and increase the confidence you need to trade well.
You do not need a teacher if you cannot afford to pay, you can educate yourself with lots of online stuffs, and you can be successful if you are devoted on what you are doing. We keep trying to improve and until we become consistent that will be the time where we will experience to be profitable. |
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Pattart
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October 19, 2018, 05:03:51 AM |
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do long-term trading, and forget your trade.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
even people who do long-term investment experience a lot of panic because they see the market too often and are affected by fud, I think the key is your intention and your mentality. how do you discipline with your intentions that you want to hold for the long term, and withstand all the conditions that attack.. |
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otundebis
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October 19, 2018, 08:39:47 AM |
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I will advice you use one foot to test the trading waters first do you could see what your capacity are! Trading is risky moreso for the new trade. Get all the materials that will help you to understand trading cryptocurrency and start trading small till you capable of trading big!
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wozzek23
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October 24, 2018, 06:05:14 AM |
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your main fear is losing your money. To avoid this kind of fear, you need to invest the amount that you do not mind losing.
Investing money in good coins and to make more money with the invested capital sounds very sweet but that is not that easy. We need to act practically as well. The power or courage of taking initiative is very important and without it, you might never be able to start at all. This is the reason why one must observe the market thoroughly because it shows how much one could earn at an extended period of time. The lust to make money pushes you in to the market to start actually. |
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Omega Weapon
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October 24, 2018, 09:11:00 PM |
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your main fear is losing your money. To avoid this kind of fear, you need to invest the amount that you do not mind losing.
Thats right, dont invest more than you cant afford to lose, this strategy is simple but works. not only because you are fear of losing then you are afraid to take certain steps and decisions. therefore adjust capital to your financial ability so that you are not afraid of the risks there and your calculations can be made carefully.. It is one of the most basic lessons about trading and yet people always get that lesson wrong, it seems they think they are above the most basic principles of trading not understanding that are precisely those principles the ones that are going to save you when you make a mistake, I say this because I have seeing it, I knew of a few people that lost almost all their money in a single trade and they refused to sell because the price was too low and they kept holding their coins until its value was zero. |
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dunfida
Legendary
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Activity: 3080
Merit: 1131
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October 24, 2018, 09:23:02 PM |
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your main fear is losing your money. To avoid this kind of fear, you need to invest the amount that you do not mind losing.
Thats right, dont invest more than you cant afford to lose, this strategy is simple but works. not only because you are fear of losing then you are afraid to take certain steps and decisions. therefore adjust capital to your financial ability so that you are not afraid of the risks there and your calculations can be made carefully.. It is one of the most basic lessons about trading and yet people always get that lesson wrong, it seems they think they are above the most basic principles of trading not understanding that are precisely those principles the ones that are going to save you when you make a mistake, I say this because I have seeing it, I knew of a few people that lost almost all their money in a single trade and they refused to sell because the price was too low and they kept holding their coins until its value was zero. Sometimes panic sell do really have some advantages even most people do talk about the effects of it.I have experienced lots of situations on where you should really need to sell up to cut loss and that's effective because such decisions leads for me to save my entire capital on burning gradually.Not all coins will recover so you would need to get out before its too late.Fear on trading does simply signify that you are afraid to lose money which is indeed part of investment. |
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Asawakobana2017
Member
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Activity: 322
Merit: 20
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October 25, 2018, 02:03:53 AM |
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Fear is always a part of a human and we have a different ways on how to overcome our fear. I think the best thing to do is to invest or maybe used a capital money that we can afford to loss in short never invest more than enoughf or above your limit, because in crypto feild there is no assurance to earn an amount of profit we can also loss on it if we don't take good care on doing such gaining process.
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kikoy999
Member
Offline
Activity: 429
Merit: 10
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October 25, 2018, 04:34:34 PM |
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The only thing you can do is to take the risk of trading if you want to earm some money but now maybe you can start investing in bitcoin and wait for years to earn a big profit.
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lavara
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October 25, 2018, 06:20:14 PM |
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Here on the forum, I think there are enough people who know how to trade, and I think that the majority started the same way. Just start. Buy coins, sell when the price is higher. Your first experience. Then follow the news, read, study, watch. Then trade, learn the best strategies. About this is written a lot. You will eventually have your own unique experience. I am currently working on xxx projects, participating in the best of them.
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avarnet
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October 25, 2018, 07:09:11 PM |
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The only thing you can do is to take the risk of trading if you want to earm some money but now maybe you can start investing in bitcoin and wait for years to earn a big profit.
it is true and not only that traders or investors need it, of course there are lots of experience and knowledge about the crypto world so that the investment can run smoothly and can also know the risks that will be obtained |
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