The 4 trading fears and how to overcome them

[sulendra12]

4. Stay focused on the long term
Trading is a long-term game, so focus on long-term goals to stay disciplined. Every losing day can be a step closer to the long-term goal if analysed and learned from.

Kinda disagree with this. Day trading does exist and people who are really enthusiast and confident with their skill might interested to do day trading for profit. Sure it's not for everyone due to high risks but limiting yourself to long term is somewhat similar to holding, although you have to clarify what is "long term" in your opinion.

All the points are really good, but it takes time to actually learn and master those points. This is why people learn from their mistakes to make them stronger in the future, you can't do it in just a day and master it. Just don't be afraid if you lose as long as you can learn to not fall into same hole again.

[1715337005]

1715337005

[ShowOff]

Manage your fears, that way you will never be at loss. I believe there are always fears in trading but if you keep on settling with that without even finding ways to overcome it, you will always endure losses everytime you trade. That maybe the reason why most of traders end up quitting because they can never overcome the fears and just keep on trading while losing. But if we always do trading with caution, and continue to learn from our mistakes and losses, then we can overcome fears in the long run and be successful traders instead.

Of course that fear needs to be overcome, but the success or failure of a trader in making profits is not only because he is able to control fear. That's why trader is required to be able to understand many things including analysis and decision making, and in fact they are interrelated with one another. Sometimes all of this is easy enough to say, but out there people are really having hard time overcoming their fears about trading risks.

Overcoming the fear of risk by understanding many things is great way to minimize risk. It is not completely risk free although they can overcome any fears about risk because volatility is real thing.

[Fondarchand]

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

So the best thing is that just start from minimum amount of money after that just focus on price prediction, but keep in mind that if you does not win and loss your money then its not the end of trading but you initiate from this point. Another point is try to trade for lengthy period of time and do not involve in day trading but if you desires for the day trading then surely you have to pay attention, and enhance your knowledge for that.

[Pandu Geddon]

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.

[xSkylarx]

One of the fear which you describe as fear of losing money is that fear due to which people loss large part of their money and if once they loss their money they does not learn but instead they leave trading, this is the big mistakes which most of the traders do.

it shows that novice traders started their trading without prior knowledge and learning. just following their instincts, or from a friend's suggestion to place a trade. It is a big risk, and when they do lose money, of course, more of the beginners will abandon trading and the market. they are afraid to return because of their own mistakes.

A newbie that is using instincts in trading is like gambling; he is just guessing the trade and expecting that luck will hit him so that the trade will be good and he will gain profit, which is not profitable in the long run. Let's say that you get lucky on your trade since you win, but for sure in the long run if you don't have knowledge, you'll be losing all of your money. It is not just in trading; in real life, without knowledge, you are risking yourself or your money on things you don't know, so it is very useless. That is why you need to learn first before going into those kinds of things, as they are very risky.

[traderethereum]

We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.

[virasisog]

Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.

[lixer]

We must avoid FOMO because we will rush into analyzing, which can result in mistakes in analyzing and making decisions.
But unfortunately, there are still many traders who don't care about it and instead, they decide to follow the price which has started to move.
They don't think that price manipulation can cause them to suffer losses because they only think that they can quickly act according to the market.
Emotions will not allow us to gain profits but will cause us to suffer losses.

Those who FOMO don't take time to analyse but they just rush on buying on what is currently hot in the market. If we will rush analysing then it's better if we can't just analyse because that will still be useless. There are so many things which can go wrong if you will rush things. In trading, emotions is one of our enemies so we must learn on how to eliminate them.

There are bots which doesn't have an emotion but we can't jump on them immediately if we still don't know if what are the best coins that will work in trading. Not only bots are immune to manipulations and fuds but they can also help us to be free, I mean we can now trade automatically while enjoying our life outside.

[lionheart78]

Aside from those four fears, we should also consider the other fear factor in trading.  They are:

1, Market Volatility
2. Competition
3. Economic and political events.

In order to combat these fears, it is obvious that the right education is needed.  Fears only happen to people who don't have enough knowledge about the stuff they are dealing with so we should always learn and study everything that has something to do with our trading asset and the possible trading strategies.

We can also look for mentorship, often times people who have more experience and knowledge than us often give the best advice that is suited for every situation.  Just like what happen in our every day life, we should make a record of every activity of our trading experience. That includes success, emotion, thoughts, and any process done in our trading activities.  Furthermore, the need for emotional control is also essential.

[Kasabus]

Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.

No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills  and working strategies in trading, you will make your trade end up more positively.

[carlfebz2]

Let me add some fear that everyone can relate to.

It's the unpredictability of what could happen when you are trading. It's like a combination of your fears and making sure they are being feared as a collection and not just a single fear. It sums up this, and it's one of the things that you are always going to consider. If you add the concern, it equates to not knowing what will happen in the future, hence the unpredictability and things not going your way.

It's best to protect yourself by risk management all the way. That's the best way always.

No one can predict what would be the outcome of one’s trading so it’s natural to fear on it especially if you are still a newbie in trading. However, if you are already a trader for how many years, even if you don’t know what will be the result of your trading, but the fact that you’re a pro now and you are more now aware on how to minimize losses, then mostly you will end up a successful trading. The market is unpredictable, but with good skills  and working strategies in trading, you will make your trade end up more positively.

Newbie or not, we are all really that having the feeling of fear towards our investment or on the time that we do make out some decisions because we are always having those doubts specially we know that it could

potentially a reason for us to lose up some money and this is why you cant really able to tell that you are the ones that could easily get rid of it.The main difference on here is that people does have different approach on things if we do compare to those people who do have experience and to those who are completely newbie.

Once you do have the experience then you do really know on what you should gonna do even you had been bothered up with emotions.

[crzy]

Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.

Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.

[Rengga Jati]

1.Fear of being wrong:

The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.

Actually, if we are able to manage this fear to be wrong, we can be more careful, wise, and selective in every consideration and decision to take. It is not really wrong at all to think like that because moreover the newbies or all of us will probably need certain analysis and ensure that our decision is not wrong. This is needed and much better than doing it in hurry with less carefulness. I know that being too afraid and too long to make any decision will probably make us lose our chance, but doing it without any consideration and even in still doubt will also not be good for us. So, it is better to be more careful.

[palle11]

3. Fear of leaving money on the table:

The fear of leaving money on the table is a tricky one, as it often arises when we’re in a winning trade. It’s tempting to hold on, hoping to squeeze out even more profits. But this can be a dangerous mindset that can lead to ignoring stop-losses and exposing to unnecessary risk. After all, you don’t have a crystal ball (and aren’t an FOMC member), so you should not expect to buy the exact bottom and sell the exact top.

By having a predetermined exit plan, we can lock in profits, manage risk, and avoid emotional decision-making.

Embrace discipline by having a clear exit strategy that balances the desire for profits with the need for risk management. Trust your strategy and stick to your plan to be in a better position to capitalize on future opportunities.

Fear of losing money I think it is possible to pass that stage with experience because an experience trader understand that any order can turn out to be wrong even with the clear positive signal, so on this I don't regret if I'm outside and I understand that there will be more clearer signal and opportunity to make profit.

The aspect here is early exit. This is what I could regret sometimes but on a second thought I get excited if I'm actually running off with some profit because being satisfied is better than being greedy.

[samcoin]

The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

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.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.

[AmoreJaz]

The four main fears that traders face can have a significant impact on our success in the markets. However, with the right approach and mindset, these fears can be overcome and transformed into positive drivers for our trading.

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.

I believe fear is something we can overcome by learning and enhancing our experience about the thing we fear of. There is a wisdom in our culture that says: "man is an enemy to what he's ignorant of". That means the more you learn, the more you can control your emotions and overcome the baddest of them. In trading, the more you trade (or the longer you stay in the market for investors), the more you can control your fears, because in that case, you have experienced all types of feelings and connected it with an event, which will help you later to deal better with the same event, and as we know every market follows a repeated path of bull and bear phases.

what more can i say. you will only feel fear if you have no certainty on what you are doing. the more knowledge you have in this market, the less fear you will feel, instead you will feel you are ready to face any battle you will encounter of. fear is only for the weak, but all of us can feel such emotion at one point in our life. if we feel such emotion, contemplate on why we are feeling that way. face it and you will understand the reasons. if you know the reasons, that's when you will start addressing your situation.

[GreatArkansas]

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

[jokers10]

...
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

And that's why we should share information about crypto and how is wrong trading in crypto. Because many even in this forum consider crypto as only a magic trading asset with which they will get as much income as they'd probably not earn for a whole life. Staying calm and self-collected and having all info we need is a real value in any investing or tradind and in case of highly volatile assets it is even more important.

As for me I'm not still enough for active trading and it is good that I know that. So I lose much less then could.

[BitcoinPanther]

Trading is always accompanied by fear but we should know how to deal with them. It's fine to feel afraid at times because we know that the possibility of losing will always exist in trading. What we should avoid as much as possible is the fear of missing out because it might only lead us to wrong decisions which can result in regrets later on. Those who fear being missed out are those who usually listen to what the majority say or do without even doing research first.

Being too emotional in trading might be more risky, you have to set-aside this and focus on the goal that you’ve set. Fears are normal but treat that one positively so you can know what to do and how to overcome the pressure of the market. FOMO is not good, it looks like you are being hyped without even analyzing the market, as a trader its your job to analyze so don’t get tired of it.

True, emotion cloud a person's mind and reasoning.  Emotion also triggers greed, FOMO when the market is moving too well, and panic selling due to fear of lossing when the market collapse.  Fear and excitement are the factor that always affect the situation if a trader is poor in handling his emotion.  We must learn how to control them if we can't shut them off.

4. Stay focused on the long term

This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.

There are successful short term trader.  I think deciding for a long term or short term are all depends on the situation.  A tradee must learn to be flexible, single focus is good but what if it isn't working as expected?  We must learn to adjust and retarget our goals.

[blockman]

It's human nature that we don't want to lose especially in money. That's why many are being stopped by that fear and they don't want to proceed because they're scared out by the risk that they've seen. But those that are wanting to pursue and are okay to look at themselves with failure and losses, they're the ones that are likely to succeed. It's a trial and error and they can learn from those failures that they'll meet along their trading journey, we understand that it's important to experience it or else we'll just stay where we are right now.