The 4 trading fears and how to overcome them

[Alisha-k]

It is a natural phenomenon for a trader to have that fear of not wanting to lose money because it builds their consciousness to stick to their plans and strategy. But when this fear is done in excess it will definitely result in losses because at that point the mind is clouded with fear and it is the beginning of losses.

[1714643146]

1714643146

[1714643146]

1714643146

[AnonBitCoiner]

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

[ningrum]

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.

Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.

[bitgolden]

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.

[Fatunad]

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.

Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.

Even experienced ones do really suffer out with that kind of fear on which when the market is plumetting then it cant really be avoided for you to be in fear that this market would be going to the floor and you would be losing on your investments.Come to think that as long you arent selling then it cant really be considered out as a total loss.Overcoming your fears is a must but this is the thing you would be able to control it out
on the time that you do gain up sufficient experience here on the market.You cant really make yourself directly able to learn on whats around specially when you are a noob but on the time
that you are gaining sufficient experience then you do know the diffence.

[EdenHazard]

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.

Pretty simple , just manage all of those fears...

And convert it to profit , step by step .. you might find yourself in the right direction , just face every obstacle and find a way , being incorrect predicting is just normal .. the one that not normal is when you do incorrect predicted multiple times and you learn nothing , that's the start of the problem.

[Silberman]

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

[Bushdark]

There are some many fears in the market and I still don't know which one we have to fear the most.
Trading is just like a career and making if the good and pro traders in the market are passed through what it takes for them to get to that level.

 fear of losing is one of the major problem that all especially newbie traders are facing and if it continues a trader might not be confident in the analysis they make. They will also stumble on unnecessary decision that will make things to fall apart.
When I was a newbie trader, I do imagine how many traders are so confident in the trades they make.

[Oilacris]

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.

[Xampeuu]

Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
 
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous.

Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could

really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then

this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into
these kind of times which makes you have back up plans.

taking lessons from our mistakes is a top priority as long as we process in the world of trading. if necessary we always record each of our transactions so that later we will always remember the mistakes that have been made, that way we can try to fix them, and if things like this go on continuously then we will have trading intuition by itself so that we can feel the characteristics of the market that is being happens, it's all obtained not in an instant way

[jokers10]

...
some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses
...

It's not only about correlation between the amount of money with which you come to the market with the possible losses, it is also about that different funds mean different strategies in trading and investing. If you come with 10 dollars you usually have very few options to where to go with them, but if you come with 100 billions it is the same: most small assets are too small to play with. So traders of different size should have different strategies and they make own mistakes not all of which can be didactic for others.

[Jatiluhung]

but we need to know that to be completely free from FOMO (Fear of missing out) is very difficult for some people. I was in the initial phase of knowing Crypto, always trying to be better able to keep my emotions stable and so that I would avoid FOMO. However, sometimes I still get tempted. but then I realized that we become FOMO because of the lack of analysis we do. because if we spend more time doing analysis then it is indeed quite effective to avoid FOMO.

[Sanitough]

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.

That shows that these traders have developed wrong mindset about trading. Because if they want to succeed in trading, they should never be discouraged losing their money because of consistent mistakes in trading. Instead, they should be more motivated to learn more knowledge in trading and gather a lot of experiences so they can eventually correct their previous mistakes and lessen the risk of losing in trading. Trading should be learned the hard way that’s why trading itself requires extensive knowledge, skills and working strategies so that trading will never end at a loss.

[Adbitco]

2. Fear of losing money.
I think it's common to everyone and all beginners always encounter this phase while trading, it's unavoidable including me while I was putting more efforts on trading I realised that I am very much occupied and could not manage that aspect of it. Although I was using Demo account and I never made lost but getting to real account I noticed i couldn't control that part of lost so have restrategise and work on myself.

[wxa7115]

That shows that these traders have developed wrong mindset about trading. Because if they want to succeed in trading, they should never be discouraged losing their money because of consistent mistakes in trading. Instead, they should be more motivated to learn more knowledge in trading and gather a lot of experiences so they can eventually correct their previous mistakes and lessen the risk of losing in trading. Trading should be learned the hard way that’s why trading itself requires extensive knowledge, skills and working strategies so that trading will never end at a loss.

The expectations they have are simply out of place, this is as if a boxer was afraid of being hit once the fight starts, anyone can tell that it does not matter if you are the best boxer that has ever lived, if you get inside a ring you are going to get hit.

And the same principle applies here, it does not matter if you are a skilled trader, once you make some trades losses are unavoidable and anyone that thinks differently is simply not being realistic about what they can achieve.

[irhact]

Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.

Anyone who doesn't have control over their emotions shouldn't be trading in the first place. Emotions are among the greatest enemies of a trader. Because of emotions you could exit a trade very early than you initially planned which will reduced your profits or enter a trade without confirmation been made by the charts. As a newbie picking interest in trading, make sure you have undergone some training before you start practicing with real money.

When you don't learn before you start trading then your emotions will be making the decision for you. Trading should be totally dependent on the charts which is the movement of the market. And when you're having difficulties handling your emotions then fall back to trading in advance form with the use of automation like stop loss or automatic buy options instead of relying on manual.

[Botnake]

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.

It’s always certain that if you start trading the wrong way, you can never expect for an outcome to turn the way how you imagine it. Of course, there will be possible mistakes and losses but they come as natural scenarios in trading so there’s nothing to fear with it. But if you continue to keep on doing the same mistakes again and not learning from them, then you will never be able to trade successfully. Success will only be achieved if you start correcting your mistakes and eventually change your mindset towards a successful trading.

[Distinctin]

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.

I guess there’s no exception from committing wrong decisions especially that the trading market is always unpredictable, regardless if you are a newbie or veteran in trading. But the good thing about it, the more you become exposed to wrong decision making, the more you learned because of its consequences you experienced. And some even use these wrong decisions to become their challenges in trading, and they even become more motivated to learn for a successful and profitable trading experience in the future. So never fear of being wrong, because from there you can build your own character and strengths in trading.

[jaberwock]

but we need to know that to be completely free from FOMO (Fear of missing out) is very difficult for some people. I was in the initial phase of knowing Crypto, always trying to be better able to keep my emotions stable and so that I would avoid FOMO. However, sometimes I still get tempted. but then I realized that we become FOMO because of the lack of analysis we do. because if we spend more time doing analysis then it is indeed quite effective to avoid FOMO.

I think that FOMO isn't really a fear because FOMO means people are rushing to be involved on what is currently hot in the market. A true fear is when you are scared to do some things because you think it was too hard and it will cause you to fail, lose money or lose your life but some times we need to take risk to be able to grow as person and then we shouldn't be afraid if we fail as it was only part of the game or the process on improving our selves.

Analysing can't totally stop FOMO because what if your analysis is the same to what others are FOMOing that this brand x coin is does truly have a potential but that wasn't wrong. FOMO only becomes wrong if you just do it blindly.

[taufik123]

I think that FOMO isn't really a fear because FOMO means people are rushing to be involved on what is currently hot in the market. A true fear is when you are scared to do some things because you think it was too hard and it will cause you to fail, lose money or lose your life but some times we need to take risk to be able to grow as person and then we shouldn't be afraid if we fail as it was only part of the game or the process on improving our selves.

Taking risks is necessary because investments always come with risks and unexpected consequences. FOMO is one of the phenomena that often occur when novice investors are too confident and pressured by the continually rising trend. There is nothing to be feared about failing, but when FOMO happens, we also need to learn how to overcome it so as not to be trapped in a disadvantageous situation.

Analysing can't totally stop FOMO because what if your analysis is the same to what others are FOMOing that this brand x coin is does truly have a potential but that wasn't wrong. FOMO only becomes wrong if you just do it blindly.

Blind FOMO is a situation where someone makes a decision based on FOMO without conducting thorough research and thinking, resulting in a disadvantageous decision.
In the context of investment, blind FOMO can cause someone to buy an asset at a high price out of fear of missing the trend, even if it may be a false trend or an overvalued asset.

Moreover, FOMO is also influenced by psychological factors such as the desire to be part of a group, fear of disappointment, and the desire to maximize profits.
The pressure to keep up with the market trend and not miss out on potential profits can drive individuals to make impulsive investment decisions, which can sometimes lead to losses.