Too sacred to trade

[Byebyebtc]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

[Finebone]

. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.

Hahaha 🤣
This is a situation I been in before, and you know why you are now scared of trading?
Or losing confidence in your abilities while trading is that your emotions have been bruised to the point where only taking a break will put a halt to the sharp decline of your confidence.
In addition to that, you must start trading with an amount you can afford to lose so that your emotions can never get the best of you, because all these that you are experiencing is because you haven't gotten power over your emotions since you are trading with a money you can not afford to lose, but once you start trading with an amount you can afford to lose, you will see that you will never  trade with fear again because even in the worst possible scenario, you still wouldn't be bothered, since it's an amount you can afford to lose.

[Gozie51]

If market is stopping you out while you see the result of your strategy successful at the end of that trade position, it means you have a good strategy. So in such situation what you need to do is to reduce your size of risk so that you can have enough liquidity or fund to be able to stand the volatility and fluctuations until your tp is hit. I believe if your risk is very high then it won't allow your position to breath before it takes it out almost at the time you enter. This is often what happens.

So take lesser risk, it will also help you to build more confidence and your fears will disappear.

[joeperry]

That's why whenever I develop a new strategy, I always do a back testing to exactly know what's the winning probability of my traders. Usually even if it's 40% winning chance, you would still be able to have consistent wins. I usually teach some of my colleagues how to effectively trade, some of them trade before but losing all money due to leverage and lack of knowledge. It's important that trading is technical, so if feel scared or have trauma trading, then it's probably not for you since, it will only obstruct you with your position which would ruin the strategy.

I learned to tweak myself before, when I do open my position and put my sl and tp, I closed the window and forget it for an hour or two and come back to check if it's successful or not, in the end I learned that expect it to lose so it won't give you high hopes. Only use around 3-5% of your total balance for each trade.

[Rruchi man]

A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.

This is as a result of poor trading psychology, when you have an underdeveloped psychology in trading, you will think that you should be correct all of the times in trading, and when you miss some trades, you become disappointed and that affects your confidence. It affects all new traders and something that has affected old traders as well until they became matured.

You can fix that psychological issue with the mindset that even the top traders still loose, the difference is just that their winning rate supersedes their loosing rate and that is something that can be achievable. Thinking that to be a top trader means never losing a trade will constitute a lot of psychological issues for you.

[Josefjix]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

Are you feeling like you have done something wrong with your trading journey or you haven't been good enough to distabilise your failure and make it perfect? or you think your journey seems like its not normal?

The truth is that, trading is not easy like the way you may be thinking, its a rough process that needs consistent practice, failure, success and failure again and again till you conquer through it.

[Dr.Bitcoin_Strange]

Trading is not for the fainthearted. For a beginner, you will lose your mind, blow accounts, lose confidence and would want to quit but it's your decision to make if you see that it's not working. Trading is very risk and only few people are really profitable but if you actually take your time to learn and know what you are doing, you will be profitable. Yesterday, I went short on a token COAI/USDT, I took position at $20+  and set my TP at $11, the trade gave me about 1000% return with the 12x leverage that I used, the reason why I am saying this is because, I have stayed for more than a week without taking any trade, I was just in observation mood for the past weeks and did not chase after any trade but as my opportunity came yesterday, I made much profit that cover the days I didn't take trade. So, never chase trades, if the opportunity don't come to you yet, then keep waiting.

[dunfida]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

Are you feeling like you have done something wrong with your trading journey or you haven't been good enough to distabilise your failure and make it perfect? or you think your journey seems like its not normal?

The truth is that, trading is not easy like the way you may be thinking, its a rough process that needs consistent practice, failure, success and failure again and again till you conquer through it.

Trading really is one of those journeys that test your patience and mindset more than anything else every trader hits that phase where the market keeps stopping you out over and over it shakes your confidence and makes you question your own strategy you start seeing perfect setups but you hesitate because of what happened before that fear of entering again is something almost everyone goes through the irony is that the trades you skip because of fear often end up being the ones that go exactly as planned and that makes the frustration even deeper.

The key lesson hidden in that pain is that losses are part of the system not a sign of failure even the best traders lose trades regularly what separates them from the rest is that they manage losses correctly instead of trying to avoid them risk management and consistency are what keep you in the game long enough for your edge to show every good strategy needs time and a calm mind to work properly.
Taking breaks during losing streaks helps more than people think it resets your emotions and stops you from making decisions based on fear or revenge trading when you come back you see things clearer and can follow your plan with discipline again the goal isn’t to be perfect it’s to stay consistent perfection in trading doesn’t exist the market will always humble you.

[Findingnemo]

I suggest stop trading or at least take a pause and analysing what went wrong when things are not going in the way you wanted. And you said you predicted that fall then why didn't you exit the trade before it became too late?

Sometimes being a trader means you have to get away with minimal loss rather than wait it out, this strategy can give you another chance but if you wait and it goes down very deep then you may fear that thing will keep repeating and that eventually affects your confidence.

[Floxynice]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

I understand this feeling very well and I must say that the reason you are so overwhelmed with this feeling is because you are too scared of losing money. You should understand that losses are part of the game; even professional traders lose too. The problem might not be your strategy, but your emotions which is controlling you negatively.

Instead of engaging in revenge trading, you should take a break when you are overwhelmed with this feeling. You should also consider trading with small amount you can afford to lose  so you will save yourself from this psychological torture.

[salad daging]

I suggest stop trading or at least take a pause and analysing what went wrong when things are not going in the way you wanted. And you said you predicted that fall then why didn't you exit the trade before it became too late?

Sometimes being a trader means you have to get away with minimal loss rather than wait it out, this strategy can give you another chance but if you wait and it goes down very deep then you may fear that thing will keep repeating and that eventually affects your confidence.

We analyze as if we are right and confident, but the problem is that FUD in the market often causes a reversal, not only for small traders but even professional traders may experience this failure.

So, because I am afraid of trading, I myself would rather stop.

But sometimes, when we try to avoid losses as much as possible, we become overly confident that prices will definitely rise, only to see prices fall—and regret sets in.
But when we cut our losses, prices actually rise, and this is what leaves us feeling uncertain.

[Webetcoins]

Trading really is one of those journeys that test your patience and mindset more than anything else every trader hits that phase where the market keeps stopping you out over and over it shakes your confidence and makes you question your own strategy you start seeing perfect setups but you hesitate because of what happened before that fear of entering again is something almost everyone goes through the irony is that the trades you skip because of fear often end up being the ones that go exactly as planned and that makes the frustration even deeper.

The key lesson hidden in that pain is that losses are part of the system not a sign of failure even the best traders lose trades regularly what separates them from the rest is that they manage losses correctly instead of trying to avoid them risk management and consistency are what keep you in the game long enough for your edge to show every good strategy needs time and a calm mind to work properly.
Taking breaks during losing streaks helps more than people think it resets your emotions and stops you from making decisions based on fear or revenge trading when you come back you see things clearer and can follow your plan with discipline again the goal isn’t to be perfect it’s to stay consistent perfection in trading doesn’t exist the market will always humble you.

Couldn't be explained better. It requires mental capacity that is beyond most people, including me, I dislike being a trader and failed at it when I took it seriously, I am fairly doing alright, basically breaking even give or take with a tiny profit, only thanks to started to not care about the results, and just do what I know best. Mentally it's such a difficult thing to do and people should not be expecting anything better for any soon time.

We should be looking at it like it's the most common way of going crazy. Professional traders work on their psychology as much as they work on charts, that is not an easy thing to achieve and we are not going to see this be a lot worse.

What we can see here is that we can't stop doing what we know is good, just because we are afraid.

[The Cryptovator]

But sometimes, when we try to avoid losses as much as possible, we become overly confident that prices will definitely rise, only to see prices fall—and regret sets in.
But when we cut our losses, prices actually rise, and this is what leaves us feeling uncertain.

A lot of times it happened with me. After buying a coin, the price keeps dumping. Even during the dump, I don't bother to sell and buy it back in more dumps. I couldn't convince myself to sell at a loss. Most of the time the price recovered, though it took time. One time I was unable to recover the funds, and I had to suffer. Eventually the price went almost to zero, and then I sold it just for a penny. Otherwise all the coins I have traded make profits. Doesn't matter if I have to wait years to make profits, but I don't want to sell at a loss.

For almost two years I have been holding ARB and am still holding. Still, I believe I can recover my funds that have been invested in ARB, though I am not sure how long I need to wait. Even I want to avoid losses, but ARB seems not going to allow me to do it. Now I am regretting it but hope my losses will be recovered.

[Findingnemo]

I suggest stop trading or at least take a pause and analysing what went wrong when things are not going in the way you wanted. And you said you predicted that fall then why didn't you exit the trade before it became too late?

Sometimes being a trader means you have to get away with minimal loss rather than wait it out, this strategy can give you another chance but if you wait and it goes down very deep then you may fear that thing will keep repeating and that eventually affects your confidence.

We analyze as if we are right and confident, but the problem is that FUD in the market often causes a reversal, not only for small traders but even professional traders may experience this failure.

So, because I am afraid of trading, I myself would rather stop.

But sometimes, when we try to avoid losses as much as possible, we become overly confident that prices will definitely rise, only to see prices fall—and regret sets in.
But when we cut our losses, prices actually rise, and this is what leaves us feeling uncertain.

Patience can be really hard, it test the character and one who starts with better capital may have higher tolerance at that situation but it can vary depending on the individual too.

So when we are seeing the price drop but we are confident that the price will rise and I can hold until that even if it takes a year the loss is simply not possible.

[mirakal]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

The fact that you start trading means you also accept that you might lose and earn money. Experience teaches us how to become better traders, but despite this, it never means that we are safe from losing, as it still happens no matter how long we've been doing this due to the volatility of the market. And we have nothing to do with this aside from being ready and adaptable to the situation. That is why there is no perfect strategy in trading, and it has never existed. Therefore, we not only learn to trade, but it is also important to learn to control ourselves all the time and keep thinking positively despite terrible losses.

[AVE5]

But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

No. I think you shouldn't give beginners such false hope. If you don't have knowledge about trading, even a single winning will be very far from your experience. If you've the basic knowledge you'll be required to learn how to study the market price which lots of risks are involved when trying to catch the cable it or right point while it fluctuates. So you'll leave by leaning your fate to luck while risk management can't be underrated.
Those at the professional trading levels with good strategies and experience can only make it in trading journey. It's very risky and doesn't have to trade if you haven't gathered proper knowledges.

[DaNNy001]

From what you are saying is evident that you understand what trading is all about and not just for posting sake...if you have been in the system long enough you would know that that market is a pattern that repeats itself, only a fool makes the same mistakes repeatedly because you should be able to recognize some movements that made you lose in the past and take advantage of them, that's why experience is important

[Odogwu-Blockchain]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes. According to the topic, its just one of the experience ive gotten as a trader and chose to share it. A situation where by the market has stoped you out up to 3 or more times it makes you loose confidence, and will develope fear in your, to the extent that when you het a new position, it follows your strategy everything clicks just right, but because of the loss of confidence you will get scared of entering and decide not to enter, and the funny thing is that most times iT goes just as predicted, that really hurts alot.
But one thing you should to understand is that you dont losse every time, even if your in a loosing streak you can just take a rest, but if you stick to your strategy and apply risk management there is no need to back down from taking any trade you have to accept it if it hits stoploss or take profit, just have it on mind that you will still win some trades.

You are trading like you are desperate for profit and that you want to be watching your going trade going the way you want at your watch, this way you may not sleep but overthinking about your trade.

I dont find it more mature to trade this way, the best strategy is placing a trade and come back the next week or above to come check it, if it goes against you, buy more, if for you, take profits.

i cant be wasting my time watching over my assets liquidation or increasing, it drains my energy and makes me depressed if going sideways.

[BitMaxz]

You can't avoid those losing streaks; everyone will experience this if you aren't careful looking for a better position.
It is always recommended to review your mistakes first. What's the reason why you got a losing streak? Don't ignore those trades. You need to look for the reason why you made a mistake because these previous mistakes will teach us to avoid the same mistakes again in the future and develop a good plan when similar price action comes.

Be consistent because we have risk management; our capital won't run out overnight. Take note of FOMO; that is the reason you lose confidence.
Be calm and be disciplined. Stick with your strategy and strictly follow your conditions before entering a trade.

[tvplus006]

In my trading journey i have gone through alot, but i what is important is learning from my mistakes...

It is better to learn from the mistakes of others, it is much cheaper to pocket. But undoubtedly, the experience gained after analyzing your own mistakes will never be forgotten in the future. As for the confidence when opening an order, it will be greater when you gain more trading experience.