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Author Topic: Let fear to lose be motivation to learn  (Read 1298 times)
Chilwell
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October 02, 2023, 05:42:21 PM
 #61

Fear of the unknown has made lots of people remain in their comfort zones.

Yes, the majority of our youth today are experiencing this; they are simply afraid to leave their familiar surroundings and continue to strive for positive outcomes in life. Staying in your comfort zone prevents you from making any progress and causes your life to become stagnant. The majority of us don't succeed in our comfort zones; this particular problem is unknown because every advancement occurs unexpectedly, but you still need to be brave and face your fear.

Actually in reality most of people who fear to lose will not learn because they're scared to take a risk.

The process of learning never ends. In order to learn and understand something quickly, one must put it into practice. Failure to take risks will make one a poor person in life because success comes from taking risks, so if you are afraid of doing so, you will never succeed in life. Staying inside will not bring about any progress. Therefore, it is crucial to understand the risk you wish to take on.

If you are afraid of trading, just don't do it. I'll give you another reason, well over 90% of traders lose money, this in the stock market, and I'm sure that with cryptocurrency trading is even closer to 100%. So if you are afraid of losing money with trading, you are right. So don't do it.

Your assertion is accurate, yet the majority of those who lose money so easily do so because they lack information and only consider the profitable aspect of trading while ignoring the costly aspect, loss. Everything required information in order for us to avoid being on the wrong side of it. You cannot invest in anything if you decide not to trade because you are afraid of losing everything, then you will never be independent.

R


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October 02, 2023, 06:41:01 PM
 #62

-snip-

Your assertion is accurate, yet the majority of those who lose money so easily do so because they lack information and only consider the profitable aspect of trading while ignoring the costly aspect, loss. Everything required information in order for us to avoid being on the wrong side of it. You cannot invest in anything if you decide not to trade because you are afraid of losing everything, then you will never be independent.
Not necessarily - some of them are experienced traders or at least know how the market works. Don't assume that the 90% of traders who lose money from trading lack information about what they are trading - but you have to admit that crypto price volatility is very volatile.

Of course I agree that some of them bet on luck - like just buying hype coins and then being abandoned by their investors. We have seen many cases of losses including meme coins and the like - but trading for them still exists.

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nurilham
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October 02, 2023, 08:09:54 PM
 #63

I'm not sure whether fear in trading is a good thing, because you won't accomplish anything in trading even when you feel technically proficient and so on if your fear is greater than your courage to make a move.
Of course, feeling too worried/fear isn't something needed in trading. It will bother our motivation and optimism about our future in trading. I think we shouldn't feel too worried/fear if we have sufficient knowledge and experience in trading. Moreover, if we already master the technical and fundamental skills. It must boost our optimism/courage. Although trading isn't an easy thing, we can deal with the challenges if we have good knowledge and experience on it.

Learning is indeed important, but studying too often will not make you immediately make a profit in trading, you have to trade directly while you continue to learn and evaluate your trading history in the past so that in the future you will use a better strategy.
There is nothing wrong with study too often.  Huh
Sure, learning much doesn't always guarantee the profits. But by learning much, it can increase our knowledge. This will be very helpful in the future, it surely will rise the chance to get profits. Regarding the evaluation of our trading activities, it is a different thing/matter. I agree it is needed, we know the most effective strategy to use by evaluating our trading activities.

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October 03, 2023, 10:05:19 PM
 #64

It depends, It can be motivation to some people while trading and  to others it's not.
Fear prevent your inner strength to be triggered, the moment u are afraid then that aspect will be lacking (inner strength). Trading have two face either you are profitable or you are at loss. But the most important thing is that in every trade you have taken you should know the reason why it goes your way or against you.

However, having fear automatically tempers with your psychology which inturn leads to you taking irrational trades be it experienced, knowledgeable and beginner.
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October 04, 2023, 02:23:05 PM
 #65

Actually in reality most of people who fear to lose will not learn because they're scared to take a risk. When you're fear to lose your money, you will be very careful and you wouldn't leave your comfort zone. Just like someone who's start a business, there's no business will always make money constantly everyday.

This is very well said. If you are afraid to step out of your comfort zone, nothing will happen. Take the risk or miss the opportunity. That's it! Famous businesses won't be known by today if the owners of it let their fears govern.

Life is a gamble, so let's play it well and wisely!
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October 04, 2023, 03:06:55 PM
 #66

Well, I respect your post if it's really fear that motivates you to learn. But as far as I know, most of those who are fearful end up losing a lot of opportunities to make profits  because they really think they can't handle its risks. Until they experienced on their own, that's when they realized that they have to overcome their fears or else they won't be successful in the end.

However, for me my motivation to learn is to acquire limitless knowledge and gain financial security in the future. With adequate knowledge, I know I can overcome my losses and start maximizing achieving profits.

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October 04, 2023, 10:17:06 PM
 #67

My motivation happen to be the fear of begging for food. I Find myself in a land where I hardly speak the local dialect and can sometimes find it hard to relate with the indigenous natives of the land.
 Where it is worse is having to go hungry or broke without anyone even noticing. I had to take my chance with this forum and cryptocurrency in general to better understand financial independence and control of my funds.
For me, that's been my motivation. To be independent and financially capable of solving my own challenges and bills without begging for arms or food to survive.
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October 04, 2023, 11:05:37 PM
 #68

-snip-

Your assertion is accurate, yet the majority of those who lose money so easily do so because they lack information and only consider the profitable aspect of trading while ignoring the costly aspect, loss. Everything required information in order for us to avoid being on the wrong side of it. You cannot invest in anything if you decide not to trade because you are afraid of losing everything, then you will never be independent.
Not necessarily - some of them are experienced traders or at least know how the market works. Don't assume that the 90% of traders who lose money from trading lack information about what they are trading - but you have to admit that crypto price volatility is very volatile.

I also believe that most traders who lose in a trade are not because of lack of information but rather lose money because of miscalculation while others are due to excessive greed that prevents them from selling in hopes that they can sell them on an even higher price.

Of course I agree that some of them bet on luck - like just buying hype coins and then being abandoned by their investors. We have seen many cases of losses including meme coins and the like - but trading for them still exists.

I experienced this kind of thing, due to a lack of fear of the possibility of scams and rug pulls, I often buy hype coins, which end up me bag holding worthless shit coins in the end. Cheesy

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October 04, 2023, 11:41:58 PM
 #69

I must say, you’ve got the right idea for the subject.

Most people view fear for a signaler to stay away, don’t go there, it’s scary, your going to lose and more of those sort of ideas but, that’s hardly the best way to use fear. You don’t get much benefits or use from fear if all you perceive it as is that, you abstain from an activity. For shirts, you might escape some undesirable consequences from not doing it right in an activity but,

Fear should rather scare you into taking all the necessary steps to ensure you do it right. To evaluate every move before you execute and not make an error in your steps. That’s how you use fear, you make better plans with fear of loosing and not by being way too excited about an idea or innovation.



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October 05, 2023, 03:28:26 AM
 #70

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.
Fear is a common thing in human nature, but knowledge is an effort to make this fear into a motivation to move. Talking about trading or investing, we will always be faced with conditions of loss or profit and we will get or avoid these two things by learning how to do it correctly. Although trading does not always provide profits, there are times when we have to know how to do it correctly and there are ways to avoid unnecessary mistakes.

I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.
Being addicted to trading and experiencing frequent losses is annoying and will have a bad impact on our psychology. However, can they escape the problem of continuous losses because if they experience losses but in the next trade they make a profit, that is an event that often happens. I'm not one of those people who do day trading, but as far as I know trading will be quite difficult to do because we have to focus and continue to monitor market movements and need to concentrate in carrying it out.

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October 05, 2023, 04:07:34 AM
 #71

Fear is a something that you need to eliminate to be able to handle some potential things in your life, because fear has made many newbies to loss their capital in a particular projects because they invested with fear and ended up with pain. I know, my crypto professional in the community today pass through this stage of fear in their life as a newbie that made them to learn so many things that will help upcoming newbies not to allow such thing to last in their mind whenever they want to trade their coins. The easiest way to control this fear is to know your target in crypto market, because once you know the particular price the market price will reach before you can supply , it will really help you to acquire a lot of incomes from your investment.

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October 05, 2023, 07:37:13 AM
 #72

~Snip
I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.
Having fear in making transactions and investing in the crypto realm can be said to be a trait that must always be in the mind of every crypto investor. Because I also agree, that fear can indeed be a very good motivation. Because with fear, we as crypto investors can have a very strong urge. So, having fear when investing or trading in crypto is necessary.

But even so, in my personal opinion, there is also fear
can sometimes have a negative impact on crypto trading or investing. Because if, for example, the fear has exceeded the limit, it will most likely cause fear and the courage to make decisions will decrease. Simple examples like:

Afraid of missing out on the momentum of a crypto asset that is experiencing a price increase.

Continue to have excessive fear, sometimes crypto investors definitely feel anxious when they want to buy or when they want to sell crypto assets. Because is that his stance or decisions are always shaken by fear.

So in conclusion, everyone should always have fear. Including people who work in the crypto world too. However, the amount of fear must be at a normal level and not excessive. Because if the levels are too excessive, the impact will definitely not be very good.

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October 05, 2023, 07:52:53 AM
 #73

If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.
It's understandable to have this fear for newbies because they're not familiar how trading/investing works. It's a human nature and probably majority of us also experienced this when we're just a newbie in crypto.

Therefore if you're afraid to lose your capital, do something to avoid it. Fill your mind first with knowledge, it's the basic thing that a newbie should do. It doesn't guarantee that you'll not face losses in the future but it's the key to maximize the possibility to gain in your journey rather than losing your money. Sometimes losses are inevitable but that's how you can learn a lesson, if you failed use it as your motivation to improve.

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October 05, 2023, 09:12:10 AM
 #74

I  don't think fear is a motivation in any way cause it only stops you from calming down and making logical decisions.

Ok, it's a feeling we all feel as humans and it's unavoidable sometimes, yes,  but letting fear drive you and doing things regardless of fear are two different things. One makes you a coward and the other makes you brave. You must really understand that knowledge or no knowledge there's going to be losses. That's just how the world is, but with knowledge, risk can be reduced drastically, and with constant practicing, risks can drop to less than 3% making you an expert in the crypto space.

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October 05, 2023, 10:27:01 AM
 #75

Fear of the unknown has made lots of people remain in their comfort zones.
Yes, the majority of our youth today are experiencing this; they are simply afraid to leave their familiar surroundings and continue to strive for positive outcomes in life. Staying in your comfort zone prevents you from making any progress and causes your life to become stagnant. The majority of us don't succeed in our comfort zones; this particular problem is unknown because every advancement occurs unexpectedly, but you still need to be brave and face your fear.
This is so because most of them thinks there is nothing out there to hold unto so in that case they had better remain at their comfort zone to be able to survive till they see  a good source or means of survival. They forget that merely living alone is a risk and in life, it is risky not to take risk because life itself is full of risk and only the ones who dare take the bull by the horn comes out strong and victorious.  Life is full of battles and it only takes the fittest to survive it. If you must make waves in the society, you must conquer fear by stepping out of your comfort zone to make good use of your capacity and capabilities. If you read the history of billionaires all round the world, you would find out that they took risk and they all left their comfort zones to make achievements in life. Until you conquer fear, you would not know what it means to be great in life.

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October 05, 2023, 10:45:54 AM
 #76

Your assertion is accurate, yet the majority of those who lose money so easily do so because they lack information and only consider the profitable aspect of trading while ignoring the costly aspect, loss. Everything required information in order for us to avoid being on the wrong side of it. You cannot invest in anything if you decide not to trade because you are afraid of losing everything, then you will never be independent.

Those who lose money sometimes isn't because they lack the proper information, they are just lazy to implement such available information to build on their self, they will read and still ignore even when there is red flags everywhere. Have you noticed that despite that learning trading is online and tutorials are all over the internet, people prefer to trade blindly without doing all the required analysis in technical and fundamental form.

The thing is, it's not everyone that will learn because they want to have their things the easy and life don't work in that form, you have to give something to have what you want, either by sacrifice or by money.

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October 05, 2023, 01:17:37 PM
 #77

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

This fear you are talking about is normal in the crypto space, whether you are a trader or investor, but you know that if there is sufficient knowledge about where you are investing or starting to trade, this fear will be limited, and you won’t bother because you will know how to manage your funds. However, if you go for investment, this fear is not as much as for trading, so you see that trading requires more knowledge than trading, so I will advise you that if you have this fear, you should go for bitcoin investment, as it doesn’t have much risk like trading, so that when you have acquired the knowledge to trade, you can start.

Quote
My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

Normally, if you have the interest to learn something and are scared to lose money, you will definitely be serious about preventing yourself from such a loss. However, it’s happened to traders who know they will lose, and that’s why they normally trade a small amount so that even if they lose, they won’t lose, as they know it may be a loss or gain, but what they know is that they don’t always lose; what they gain is more than what they lose, and the fear they have from the beginning is what helps them learn.

R


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Rockstarguy
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October 06, 2023, 08:28:50 AM
 #78

Actually in reality most of people who fear to lose will not learn because they're scared to take a risk. When you're fear to lose your money, you will be very careful and you wouldn't leave your comfort zone. Just like someone who's start a business, there's no business will always make money constantly everyday.

This is very well said. If you are afraid to step out of your comfort zone, nothing will happen. Take the risk or miss the opportunity. That's it! Famous businesses won't be known by today if the owners of it let their fears govern.

Life is a gamble, so let's play it well and wisely!
I know most people who have fear in them don't take risk and this has made them to loss so many opportunities but in trading it is better before people must take risk their should be little idea or understanding of what one is into. It does not make any sense one is taking a risk and have no knowledge,  I think at this point it is beyond risk but waste of money in trading. That is why I don't really blame people who are scared of losing their money , the fear might be that this set of people doesn't really know what they are doing , so they know very well they have more chances of losing because they have no knowledge of what they doing.

It is good for people to take risk when they are knowledgeable of what they are doing , even if they lose in the first time they will still win in the process of what they are doing.

R


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October 06, 2023, 01:12:56 PM
 #79

I know most people who have fear in them don't take risk and this has made them to loss so many opportunities but in trading it is better before people must take risk their should be little idea or understanding of what one is into. It does not make any sense one is taking a risk and have no knowledge,  I think at this point it is beyond risk but waste of money in trading. That is why I don't really blame people who are scared of losing their money , the fear might be that this set of people doesn't really know what they are doing , so they know very well they have more chances of losing because they have no knowledge of what they doing.

It is good for people to take risk when they are knowledgeable of what they are doing , even if they lose in the first time they will still win in the process of what they are doing.

 Fear has killed a lot of bright ideas, this is due to lack of confidence or even fear of losing money. But then there’s no harm in trying to test one self, after all the only best way to find out is to try. Same way fear kill ideas, it also makes one to be careful in dealing with their actions. Cause no one love the concept of losing and to avoid losing hard earn money especially in this present economy crisis in the country, you will learn to trade with caution and even the zeal to learn more to be better at the job. Though trading is about profit and loss and you can’t always make profit on every trade you make, you should be able to learn from your lost to avoid future mistakes.
  Knowing how to manage your losses is important because it helps to understand the value of your money and how to maximize your profit. Knowledge is power, you need to have knowledge or idea of what you’re trying to involve yourself in and not just following the crowd. So fear should not be a barrier to entry into trading, once you know what you’re doing and you do it well. And you know the importance and value of your money then you will know proper way of managing your risk.
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October 07, 2023, 06:59:11 PM
 #80

I  don't think fear is a motivation in any way cause it only stops you from calming down and making logical decisions.

Ok, it's a feeling we all feel as humans and it's unavoidable sometimes, yes,  but letting fear drive you and doing things regardless of fear are two different things. One makes you a coward and the other makes you brave. You must really understand that knowledge or no knowledge there's going to be losses. That's just how the world is, but with knowledge, risk can be reduced drastically, and with constant practicing, risks can drop to less than 3% making you an expert in the crypto space.
It's true that more knowledge and experience means less risk since you would know what things you should and shouldn't be doing when you are trading in the cryptocurrency market, but I believe 3% risk is way too low and no matter how much knowledge and experience you have, you will still have a higher risk than that, but the risk percentage will obviously always be lower than the percentage of your getting success in your trades based on your knowledge.

If we talk about fear in a financial market or in the general world, you will need to face them in order to get rid of them. So if you are afraid of doing something, you will only feel better about it if you do that once, and if you do that more than once, you will start to feel that the fear is slowly fading away.

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