The Day I Realized I Was Trading Fear

[Moxiee]

I thought I was being strategic, but really, I was afraid to miss, to lose, to be wrong. Every chart was a battlefield between logic and panic. Once I named it, I could manage it.

Now, fear still visits, but it no longer decides. I follow rules, not reactions. Fear loses power when it’s noticed, not ignored.

Awareness is the first trade of every session. Do you trade your plan or your fear?

[Rruchi man]

I thought I was being strategic, but really, I was afraid to miss, to lose, to be wrong. Every chart was a battlefield between logic and panic. Once I named it, I could manage it.

Now, fear still visits, but it no longer decides. I follow rules, not reactions. Fear loses power when it’s noticed, not ignored.

Awareness is the first trade of every session. Do you trade your plan or your fear?

Fear is a part of the psychological factors traders need to master and defeat in trading; it totally affects a trader's ability to make proper decisions in trading. Some traders feel like by ignoring it they're able to control it, but to control it you need to acknowledge it in your decision-making and analyze each decision you're about to make in trading to ensure that you're not making it from a position of fear. Some other emotions that make up a part of the trading psychology alongside fear are greed and overconfidence.

A clear and solid trading plan that you stick to can help manage the emotion of fear.

[palle11]

Awareness is the first trade of every session. Do you trade your plan or your fear?

You will keep trading your fear until you come to the stage where you master your trading plan and market movement won't scare you again. Fear is the greatest challenge that a trader has to overcome and to overcome that, you need a strategy that gives you such confidence. You will also need lower risk to be able to fit into that strategy because if you become too confident and increase your risk, you won't be in the market to grow your account with whatever good strategy. The market is very volatile and you need a balanced emotion to trade on it, otherwise one candlestick can deceive you to take a wrong trade.

[Ndabagi01]

I thought I was being strategic, but really, I was afraid to miss, to lose, to be wrong. Every chart was a battlefield between logic and panic. Once I named it, I could manage it.

Now, fear still visits, but it no longer decides. I follow rules, not reactions. Fear loses power when it’s noticed, not ignored.

Awareness is the first trade of every session. Do you trade your plan or your fear?

It is not easy as a trader to be able to overcome fear no matter how you’re prepared for the market. The market still gives you a reason to fear it and always have to be the one to decide how you’ll play by it. Once you overcome fear, it doesn’t mean you won’t face losses again, it only means that you’ll begin to be more confidence in your analysis and won’t hesitate to trade your plan, which makes you not to miss out on the opportunities the market has for you.

There is a thin line between fear and confidence, as thin as it is, it is very hard to overcome but when you do, you’re now close to your success journey in trading. After this, you then have to still play by your rule or risk management because when you fail to maintain a good risk management skill, you’ll definitely face a lot of losses in the market more than what you expect of the market. Trading is not magic, it’s knowledge and when you have it, you’ll win over the market.

[Oluwa-btc]

Awareness is the first trade of every session. Do you trade your plan or your fear?

As a trader you're open to having doubts and fear in most circumstances and you can really get over those silent fears but you have to create some strategies to overcome the fear which involves a good decision making process. Sometimes you can shun the silent fears and overcome it and that's why you trade with control to avoid emotions handling your trading strategies.