The 4 trading fears and how to overcome them

[AicecreaME]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

[Russlenat]

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.

If you are a newbie in trading, you cannot expect to overcome all these fears because you are still on your own way of accumulating more knowledge and experience which will make you a good trader in the making. So just take it slowly and let yourself lose in trading, commit mistakes and be frustrated, because that’s the reality in trading. You will not learn to overcome those fears unless you never experience it. Eventually, when you have been trading for years and you have gained enough experiences already, then you would be able to slowly overcome them because you are now confident in your trading activities.

[Bushdark]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

The fear if losing money is one of the fear that people had been running from which supposed not to be so. We need to overcome the fear of losing for us to be a good and experienced trader. If we keep running from our fears, then how can we manage to move to the next level when there is something that is eating us up.

As a trader I do keep my mind set on if I lose now I will get it back later. The truth about trading is that, you can be a trader without having a bad day. You must have time when things are not going well in your life which is where the true experience comes. At least you will be able to tell the young one coming about you bad days which had been part of you and had make you to reach the current level that you are now.

[jokers10]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it!

[wxa7115]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it!

This, the goal should not be to somehow not feel any emotion while we trade, an impossibility as no matter what kind of training you undergo as a trader your emotions will always be there, but to control them and to make the most out of them.

If the price crashes and you feel some fear out of this downward movement then you can be sure there are many other traders feeling way more fear, once you realize this is easy to take the correct decision as instead of selling you will realize the right movement to make will be to buy instead.

[palle11]

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it!

When it comes to trading and fear, I think the experienced traders know better how to handle it. They are more equipped in the trading strategy that can help them reduce or not to have fear in trading. What about if you have a limit to what you can lose, would you still have the fear? No I don't think so because you have already gone for the risk and staking out what you can lose. You can use stop loss in your trade and this is a way that you can take care of fear that is associated with losing of your money. Low risk also is another factor, take a lower risk then you are a little away from fear

[death69]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it!

Fear is a normal and expected feeling for any trader, and I agree that it can have a negative impact on performance. As a professional trader, I can say without a doubt that I have felt terrified on numerous occasions. But the secret to profitable trading is not to stop being afraid, but to master our fears and use them to our benefit. As a first step, we might remind ourselves that the feelings we're experiencing are shared by many other market participants. Anxiety can prompt some investors to sell during a market slump, which can further drive down prices. Knowing that other traders are nervous for the same reasons can help us make better selections and perhaps take advantage of the situation by purchasing assets at a bargain. Find a happy medium between worry and assurance, and be ready to limit your exposure to loss at any time. The ability to harness and direct one's emotions is a key trading skill 

[Oneandpure]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

I think new comer in cryptocurrency trading have applied with this mindset about huge profit will have huge risk, but many people make differences about trading mindset want to earn much profit but fear with how facing risk when Bitcoin or altcoin assets trading price dropped. Seems easy when gambler back to trading because their soul have been ready how to face risk with cryptocurrency trading without fear when bad thing happen later.

Fear losing money in cryptocurrency I think some of them not ready how to earn huge profit later in cryptocurrency, take care profit only without think risk waiting for later is fault mindset in trading.

[justdimin]

Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it!

This, the goal should not be to somehow not feel any emotion while we trade, an impossibility as no matter what kind of training you undergo as a trader your emotions will always be there, but to control them and to make the most out of them.

If the price crashes and you feel some fear out of this downward movement then you can be sure there are many other traders feeling way more fear, once you realize this is easy to take the correct decision as instead of selling you will realize the right movement to make will be to buy instead.

I agree that it is not really about having zero emotions, it is about not to care about your emotions and ignore them when you are trading. Are you afraid? Will you trade based on your fear or will you ignore the fear? That is all that matters, if you can do that then emotions you feel do not matter at all, they are not part of the calculation.

However, if you let your emotions run through you and you end up working hard for it, then I would say it could ruin everything you have worked for and you would make a big loss, I would suggest highly against that as much as possible and it would be a lot better if you could completely ignore them.

[Mahanton]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

I think new comer in cryptocurrency trading have applied with this mindset about huge profit will have huge risk, but many people make differences about trading mindset want to earn much profit but fear with how facing risk when Bitcoin or altcoin assets trading price dropped. Seems easy when gambler back to trading because their soul have been ready how to face risk with cryptocurrency trading without fear when bad thing happen later.

Fear losing money in cryptocurrency I think some of them not ready how to earn huge profit later in cryptocurrency, take care profit only without think risk waiting for later is fault mindset in trading.

When you are just new on which it would be that very common to have that bullish or positive impression that you could really deal up with the market easily on which you do even think that you are already that getting rich easily but on the time that you do have the taste on how this market behaves or works then this is where you do realize that its never been simple.Fear and anxiety and stress would be them main things that you would be experience out of this market.Overcoming them would really be depending on your personal experience and awareness.You would definitely be getting these things on the time that you do make out actual
engagement and able to attain skills and methods on how you do handle yourself on this very volatile market.

[jokers10]

When it comes to trading and fear, I think the experienced traders know better how to handle it. They are more equipped in the trading strategy that can help them reduce or not to have fear in trading. What about if you have a limit to what you can lose, would you still have the fear? No I don't think so because you have already gone for the risk and staking out what you can lose. You can use stop loss in your trade and this is a way that you can take care of fear that is associated with losing of your money. Low risk also is another factor, take a lower risk then you are a little away from fear

Probability theory teaches us that any impossible thing is possible, it's just about its chance: universe can disappear tomorrow, but the chance is so small that we don't really consider it. Lowering risk in a high risky fields is not the same as lowering risks in everyday life, they still stay bigger than we got used to in routine. We know lots of stories of professionals who failed exactly because they were too experienced and didn't expect some situation with low probability, but not low enough not to happen like universe disappearance. And trading is one of a fields where mistake probability is always high.

[bitgolden]

Probability theory teaches us that any impossible thing is possible, it's just about its chance: universe can disappear tomorrow, but the chance is so small that we don't really consider it. Lowering risk in a high risky fields is not the same as lowering risks in everyday life, they still stay bigger than we got used to in routine. We know lots of stories of professionals who failed exactly because they were too experienced and didn't expect some situation with low probability, but not low enough not to happen like universe disappearance. And trading is one of a fields where mistake probability is always high.

That type of experience that makes you underestimate the risks is not as common as the people who do not know the risks of trading end up taking. If you are highly experienced and you take risks in routine, yes there will be situations where you will underestimate the risks and not really care about it and that could make you lose some money.

However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.

[Kelvinid]

FEARS are a hindrance to our success, not only in trading but also in other areas. The best thing to do this is to deal with them with courage and motivation and think that we can really do it. Because the more we think negatively, the more it weakens us. It can be changed as long as we know how to handle our emotions and of having someone that could help us. But if we let our fears and emotions control us, I guess we need not step out from trading and better look for another opportunity.

[stomachgrowls]

.Fear of being wrong:

When im just starting on my trading career then i do have this kind of fear on which im really that hesitant on trying out to apply my own analysis because im afraid that it would turn out to be a mistake
or error which would case up loss of money.Sooner or later you would be able to realize that you cant really be able to succeed if you wont really be risking something and this should really be the mindset you do have.
It is really that normal that you would be having doubts and hesitation specially when you are just starting up and its something that cant really be avoided.
Overcoming them is via those real experience that you would really be able to gain up along the way.

[boyptc]

However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.

I also don't sell when it goes down.

I am patient in terms of waiting at the right time and having experience in the past that when I sold not at the right moment. It's helpful to me now and that fear of losing money is still there.

FOMO, I don't get it this time as being patient and learning from it is making me calm now.

[jokers10]

That type of experience that makes you underestimate the risks is not as common as the people who do not know the risks of trading end up taking. If you are highly experienced and you take risks in routine, yes there will be situations where you will underestimate the risks and not really care about it and that could make you lose some money.

However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.

Well, I can only confirm that poor understanding of an economy is more common for majority and mistakes based on being too experienced happen much more rare. So of course mostly all of us should learn more and more but IMO we still should keep in mind that we never can be experienced enough to not to be worried about the result even a bit. Bigger experience usually goes hand in hand with much bigger mistakes. Hopefully I'm not enough experienced in trading or investing to make really huge mistakes. Of course all mistakes are painful, and some were very painful, but as a result they were they were not too painful, at summary.

[lienfaye]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

Indeed. Who don't fear losing money? Even an experienced traders don't want it to happen but sometimes it's inevitable, even we're careful to prevent it from happening. That's why we need to be knowledgeable on what we're doing to avoid mistakes resulting to losses.

On the other side, FOMO usually influenced the newbies because they tend to go with the flow without deep understanding, most of them are a fan of influencers spreading unreliable information. Trading is not easy so it's a must to fill our minds with knowledge first before deciding to try it. Don't have high expectation and always prepare ourselves incase something didn't go as planned.

[Strongkored]

Fear of losing money and fear of missing out are the common fears I believe that most of the new traders have.

They want to earn a lot of profits but they don't want to risk their money at the same time, which contradicts everything. While fear of missing out is that they are being jealous to a friend trader who just made a lot of profits in a single trade of a certain coin so he will instantly put his money on that certain coin and expecting to make a lot of profit as well even know he doesn't even know its current situation.

Losing money is not fun but sometimes it is necessary in our trading, an example of allowing to lose money is to cut losses or when traders set stop losses, experienced traders know that when to cut losses is to avoid bigger losses and so they can start new trades to return to target profits, so losing money is scary but impossible for traders to never experience losing money at all.

[mvdheuvel1983]

Every trader has and definitely would have felt these fears in them which often hinders their business minds. The fear of being wrong has made many traders to not follow their intuition to invest. In addition, if one allows the fear of being wrong to overtake them, they will play it too safe or stay in their comfort zone which will result in a delay in achieving one's goal. I say, make mistakes, be wrong, learn from your mistakes and make it right.

As a trader, to overcome these trading fears, practice good trading habits and have a fail-proof strategy(ies). Ensure thar you stick to the trading rules you set for yourself. Adopt a mindset of focusing on the long-term, it may not be easy but with determination and self-motivation, you will reach your goals.

[AbuBhakar]

.Fear of being wrong:

When im just starting on my trading career then i do have this kind of fear on which im really that hesitant on trying out to apply my own analysis because im afraid that it would turn out to be a mistake
or error which would case up loss of money.Sooner or later you would be able to realize that you cant really be able to succeed if you wont really be risking something and this should really be the mindset you do have.
It is really that normal that you would be having doubts and hesitation specially when you are just starting up and its something that cant really be avoided.
Overcoming them is via those real experience that you would really be able to gain up along the way.

It will take a lot of courage to be able to succeed in trading, the first try and year will be full of doubts and we need to overcome it if we want to pursue trading, I try different methods of different users that upload their ways in YouTube even in books but didn't works on me, but help me to identify what method can help me by trying them, we will need to seek some advice from expert but it's truly in experience that we will be able to discover what method suits best on us and what startaegy will give us profit.