How to manage fear of lost as a Bitcoin investors

[jossiel]

Instead of focusing on the fear of loss, focus on how to minimize losses in investing and trading. Fear can be overcome by learning more deeply so you can master it. Once you master it you will have confidence in the asset you are investing in, in this case Bitcoin.

Losses will be part of our trades and that's why normalize that not every trade is going to win. So, you're right about minimizing the losses.

And doing that is going to show how good you are as a trader when your losses are not that much compared to the others.

I think with investing, you just let it go and do nothing when you're holding Bitcoin. Because it usually recovers and that's why it's a normal thing to be patient.

[shawonngp]

I do love the idea of not following any influencer but to seek help from financial advisors,

We are not even suppose to follow the influencers, what I notice now is that influencers only care about the amount which they are going to earn now, and they don’t care about their audience any longer. They are ready to do anything thats going to benefit them even if it’s going to harm their audience. Lots of people have been mislead by influencers, so it’s just better we don’t trust most of all this influencers. When you get any information from them, make sure you do more research to confirm the authenticity of the information.

You are right, because no trading influencer cares about his audience or those to whom he sells paid signals, whether they profit or lose by following his strategies. Most paid influencers initially provide free trade signals and try to convince new traders of their strategies. Then those who buy paid signals and lose their audience either block or do not respond. Because he has already received his payment. I don't specifically follow any paid signal influencer; trading depends on my own personal learning, practice, research, and strategies. You cannot survive long in trading by paying for a subscription.

[BlackBaron]

Instead of focusing on the fear of loss, focus on how to minimize losses in investing and trading. Fear can be overcome by learning more deeply so you can master it. Once you master it you will have confidence in the asset you are investing in, in this case Bitcoin.

Losses will be part of our trades and that's why normalize that not every trade is going to win. So, you're right about minimizing the losses.

And doing that is going to show how good you are as a trader when your losses are not that much compared to the others.

I think with investing, you just let it go and do nothing when you're holding Bitcoin. Because it usually recovers and that's why it's a normal thing to be patient.

Simple logic, when we are still afraid then it means we are not prepared with the money we allocate, so it comes down to the money we use. We should make sure that the money we will use is money that is ready and not for other needs. After that, we can minimize the risk by installing stoploss, so that's the money we are ready to lose from the entire total we allocated.

Never use all of our money. In trading, if we have $100 capital for example, then we should divide it for several entries. 10 times for example, so each entry we use $10, and if our trading is not based on gambling, I think from 10 trades not all lead to losses.

[dunfida]

Instead of focusing on the fear of loss, focus on how to minimize losses in investing and trading. Fear can be overcome by learning more deeply so you can master it. Once you master it you will have confidence in the asset you are investing in, in this case Bitcoin.

Losses will be part of our trades and that's why normalize that not every trade is going to win. So, you're right about minimizing the losses.

And doing that is going to show how good you are as a trader when your losses are not that much compared to the others.

I think with investing, you just let it go and do nothing when you're holding Bitcoin. Because it usually recovers and that's why it's a normal thing to be patient.

Simple logic, when we are still afraid then it means we are not prepared with the money we allocate, so it comes down to the money we use. We should make sure that the money we will use is money that is ready and not for other needs. After that, we can minimize the risk by installing stoploss, so that's the money we are ready to lose from the entire total we allocated.

Never use all of our money. In trading, if we have $100 capital for example, then we should divide it for several entries. 10 times for example, so each entry we use $10, and if our trading is not based on gambling, I think from 10 trades not all lead to losses.

Actually its inevitable if we do speak about fear and worries on which we know that we are just humans and we dont want to lose money and thats why we do have those doubts and fear about losing it specially if its an amount which is that more than that you can afford to lose on which means that you will be having those worries. Its always been best that you should be only investing into the amount that you can to lose so that you would be having that kind of confidence or you wont be that getting stressed out or would be having that worry with your investment. Fear is something normal but once you do able to make yourself that getting having the experience then you would be that getting used to it when the time passes by but of course it will be that needing up that actual experience on how you would be facing up markets volatility.

[BlackBaron]

Simple logic, when we are still afraid then it means we are not prepared with the money we allocate, so it comes down to the money we use. We should make sure that the money we will use is money that is ready and not for other needs. After that, we can minimize the risk by installing stoploss, so that's the money we are ready to lose from the entire total we allocated.

Never use all of our money. In trading, if we have $100 capital for example, then we should divide it for several entries. 10 times for example, so each entry we use $10, and if our trading is not based on gambling, I think from 10 trades not all lead to losses.

Actually its inevitable if we do speak about fear and worries on which we know that we are just humans and we dont want to lose money and thats why we do have those doubts and fear about losing it specially if its an amount which is that more than that you can afford to lose on which means that you will be having those worries. Its always been best that you should be only investing into the amount that you can to lose so that you would be having that kind of confidence or you wont be that getting stressed out or would be having that worry with your investment. Fear is something normal but once you do able to make yourself that getting having the experience then you would be that getting used to it when the time passes by but of course it will be that needing up that actual experience on how you would be facing up markets volatility.

That's right, no one wants to lose money, so naturally we are afraid. But what we are doing here is something that is full of risks directly related to money, so if we cannot control that fear and are unwilling to take risks, then this is not the right place for us.

So we must understand ourselves as well—whether we can take risks or not. If we can take risks, then determine how much risk we can take, and if not, then it's best not to try because we will surely regret it deeply when we experience losses.

[jossiel]

Losses will be part of our trades and that's why normalize that not every trade is going to win. So, you're right about minimizing the losses.

And doing that is going to show how good you are as a trader when your losses are not that much compared to the others.

I think with investing, you just let it go and do nothing when you're holding Bitcoin. Because it usually recovers and that's why it's a normal thing to be patient.

Simple logic, when we are still afraid then it means we are not prepared with the money we allocate, so it comes down to the money we use. We should make sure that the money we will use is money that is ready and not for other needs. After that, we can minimize the risk by installing stoploss, so that's the money we are ready to lose from the entire total we allocated.

Stop loss is a good feature when we trade but, it's sad to hear that many still don't use it to protect their trades.

Never use all of our money. In trading, if we have $100 capital for example, then we should divide it for several entries. 10 times for example, so each entry we use $10, and if our trading is not based on gambling, I think from 10 trades not all lead to losses.

This applies for the leverage traders.

Starting with that amount will get you more with $10 per trade and with high leverage. But if you do that on spot, you're likely to get nothing to be honest.

That's also the logic in trading especially in spot, the higher the capital, the better potential profits.