How to begin trading without allowing fear to control you

[BItcoin Guy@]

Everyone likes trading, but because of the risk involved it makes others feel discouraged about it. I’ve noticed some don’t look for knowledge first before they start trading. They just focus on profit.

If we can do all of this, it will help you reduce fear in trading.

1.Trade with your trading budget :We should always try to trade with an amount we can afford to lose without feeling worried about it. Many traders risk money they can’t afford to lose, thinking they can get profit when they use huge amounts. We need to always control ourselves and not trade with emotions, but follow our rules. It’s better that way. Fear won’t occur because we’re doing what’s best for us.

2. Open a Demo account:It’s better to practice trading with fake money first, learn different strategies, and gain confidence before you start using real funds. I can say you should try it for about 2 to 3 weeks, then later switch to real funds. Start with the little money you can afford to use. Don’t let anyone confuse you. Always follow your rules and only put in funds you can afford to lose 100%.

3. Have rules before clicking buy:I’ve noticed that fear can come when you don’t actually know what you’re doing. No planning anything just to rush into getting profits, It’s better to have rules like:
- Entry
- Stop loss
- Take profit

And try to Ask yourself as a trader
- Why am I taking this trade.
- What amount am I willing to lose in the market now.
- Where will I exit the market.

4. Focus on each trade, not always the money:Let’s not be thinking, This is the amount I want to get from trading today, like making $100 return today. Instead, think, "I’m just risking 1% of my capital in the market today. That can keep you going and stop you from being scared to lose.

5. Expect to lose sometimes:As a trader, we always need to expect losing because even professionals lose sometimes. What matters is making sure you lose small and win bigger. That is the mindset of a good trader. They don’t give up because losing in trading is natural, but losing a lot is something different.

What trips most beginners really need like me when trading, to avoid alot of mistakes.

- Trading with funds you can’t afford to lose makes you fearful as a trader.
- No stop loss, thinking you can get the money you risked back.

Most beginners jump into trading because of FOMO from social media. Just because they don’t want to miss the market.But that plan is different from yours, and at that moment you can enter the market too late, end up losing, and start complaining, and think trading is not for you.

[Oshosondy]

I think fear is better than greed.

1.Trade with tuition money:We should always try to trade with an amount we can afford to lose without feeling worried about it. Many traders risk money they can’t afford to lose, thinking they can get profit when they use huge amounts. We need to always control ourselves and not trade with emotions, but follow our rules. It’s better that way. Fear won’t occur because we’re doing what’s best for us.

This is the first time I learn about what is called tuition fee in trading, I have only used it while referring to school fees before. I mean the learning or academic fee part of school fees.

But in trading, tuition fee is refered to the money lost or that you are using to practice trading or paid to a tutor or someone teaching you how to trade.

[BItcoin Guy@]

I think fear is better than greed.

1.Trade with tuition money:We should always try to trade with an amount we can afford to lose without feeling worried about it. Many traders risk money they can’t afford to lose, thinking they can get profit when they use huge amounts. We need to always control ourselves and not trade with emotions, but follow our rules. It’s better that way. Fear won’t occur because we’re doing what’s best for us.

This is the first time I learn about what is called tuition fee in trading, I have only used it while referring to school fees before. I mean the learning or academic fee part of school fees.

But in trading, tuition fee is refered to the money lost or that you are using to practice trading or paid to a tutor or someone teaching you how to trade.

Some calls it tuition money, but have make it clear to understand better. Thank for correcting me, I really appreciate it I learned something new

[Donk1]

​True a friend of mine was telling me that trading was gambling and I was trying to explain but bro didn't want to listen, so I just kept quiet. People have a choice but they don't often make the right one. That's why you see someone saying I have been trading for 10 years, yet nothing to show forth.Some even give up before that 10 years. That said revenge trading is bad as it will seem more like gambling. Basically when you know you don't have a steady income for trading, you have to often trade with demo as a newbie, and your trade execution has to be very precise as you will need a very good strategy that aligns with your budgets. That's all.

[bangjoe]

​True a friend of mine was telling me that trading was gambling and I was trying to explain but bro didn't want to listen, so I just kept quiet. People have a choice but they don't often make the right one. That's why you see someone saying I have been trading for 10 years, yet nothing to show forth.Some even give up before that 10 years. They said revenge trading is bad as it will seem more like gambling. Basically when you know you don't have a steady income for trading, you have to often trade with demo as a newbie, and your trade execution has to be very precise as you will need a very good strategy that aligns with your budgets. That's all.

10 years of experience and he didn't learn from that very long experience, he should have become a professional if he had been in this field for a very long time, but he didn't seem to learn.
Trading is not like gambling can even be gambling if someone really does not understand how trading works correctly, someone must have a trading decision based on data obtained from research or technical or fundamental Analysis, not just a belief without strong unfounded data (such as guessing/looking for luck) then behavior in such cases is clearly an unconscious gambling in trading.

And good advice when saying Do not do active trading if you do not have active income, let alone college or as if, it means money management from the beginning is very important, and if you do not have the money then the demo account is the solution.

[Arenga pinnata]

The main problem is that people sometimes underestimate trading; they think it’s easy. As a result, they don’t even feel the need to study it thoroughly beforehand. Usually, people like that will give up when they fail, even though they failed because they entered the market without proper preparation and sufficient knowledge.

Fear can sometimes actually have a positive effect. For example, a beginner might be afraid to enter the market when they don’t yet understand the crypto market cycle itself or know how to analyze it. and people who are afraid of failing from the start usually make more thorough preparations than most. The downside is that overthinking can sometimes cause someone to miss the best opportunities. Still, that’s better than suffering losses due to a lack of preparation.

However, excessive fear can indeed lead to losses as well. For example, when we panic and close a position even though we’re still confident in the well thought out strategy and plan we’ve created. But greed fundamentally leads traders to far greater losses than fear does. Fear, on the other hand, might only cause a trader to miss a good opportunity, incur a small loss from closing a position too early, or fail to maximize profits by taking profits outside the initial plan. 

[sergiorus]

"Fear" in trading is a very relative term. It fully depends on your trading size, what % of your networth/income it is.

No one will ever fully get rid of this fear. Someone with 50 years of experience in trading will be sweating like Roger the Rabbit if they trade with inadequate risk management profile. The thing is though, they will never do it.

Start from the size you feel no fear trading. It could be just $10 at first. You will know when you're comfortable to increase it, trust me. If you opened a position and feeling unusual fear - do not hesitate to instantly cut it.

[Ndabagi01]

You have out listed important points to note when trading and this will really help to making minimize the risk associated with trading. Trading with an amount you can afford to lose reduces how we get to become emotional while trading. The effect of emotions in trading cannot be overemphasized, but it is really important that we try as much as possible to avoid it in order to have a positive outcome to our trades.

I don’t really fancy Demo accounts and as a newbie in trading, if you’re using a demo account to trade, don’t use it for too long because it’ll affect your psychology more when you move to start trading with real account. If you’re buying by just clicking of buttons, then you’re making mistakes that will cost you your money. Have a strategy and work towards actualising that strategy to work for you.

[Questat]

I don't think we can totally get rid of fear especially if we are still newbies in trading. Fear is part of being a human, anyone who is new to trading will surely develop fear most especially if he is risking money he can't afford to lose. But eventually, with constant practice and exposure trading in the market, fear will be minimized and slowly get used to how trading works in an unpredictable market.

However, its better to be fearful than be greedy when trading. With fear, you become more cautious with your actions and future trading decisions, but with greed, you become overconfident and go into leveraging even if you know you may fall in the trap and lose your money any time.

[jossiel]

Some calls it tuition money, but have make it clear to understand better. Thank for correcting me, I really appreciate it I learned something new

I always hear that, but whether it's tuition money or fee it's understandable that the meaning of it is about paying the experience in losses.

All that you list are great reminder so that someone will be guided how to trade. But, IMO regardless of how many we list in it the discipline is there.

Yet, times that we're scared and greedy is there no matter how many times we apply that. A point will come that we'd certainly feel it.

[Alphakilo]

Some calls it tuition money, but have make it clear to understand better. Thank for correcting me, I really appreciate it I learned something new

I always hear that, but whether it's tuition money or fee it's understandable that the meaning of it is about paying the experience in losses.

All that you list are great reminder so that someone will be guided how to trade. But, IMO regardless of how many we list in it the discipline is there.

Yet, times that we're scared and greedy is there no matter how many times we apply that. A point will come that we'd certainly feel it.

Besides fear and greed as control features for a beginner trader, there's also the concern of trading when you are not calm or under pressure due to external factors such as working or studying for exams or preparing for important activities that may distract ones focus as they decide to enter a trade.
You can't be distracted despite your knowledge of trading and hope to make good profits. So I can advice to always attempt trading when you are less busy with other activities and functions and when your environment is calm just as your brain at the moment is calm and at Peace.

[Russlenat]

Most of the beginner traders are actually fearful, that's already given since they are still new and inexperienced, and they have not developed their best potentials yet to succeed on their trades. They are still in their exploration stage, so its normal for them to develop fear and hesitant especially they are trading in a highly volatile and unpredictable market.

However, to minimize fear when trading, a trader should never enter trading lack of knowledge and personal background with trading. Its okay to lack skills because experience will develop it, but with lack of knowledge, you will end up trading blindly which will lead you to instant losses. That's why you have to learn from those old and professional traders, not to those self-acclaimed profitable ones.

[Mrbluntzy]

Continuous losses in trading can reduce the trader's confidence and therefore fear might kick in and the trader might start to have doubt even in strategy that worked on the demo account which is not working again and so how can they overcome that fear and regain back confidence? As for someone who is still starting, they could apply all of these steps mentioned here and it might be working for the first time as per newbies luck but the moment losses starts to kick it, fear clouds and the trader lose confidence and this is the problem of some new traders.

You said every body likes trading but that's not true, if they really do, they would still go into trading regardless of the risk, perhaps people that are into trading still saw the risk and yet are determined to go into the process, therefore I would say a lot of people hate trading that is why they are not going into it.

[jossiel]

Some calls it tuition money, but have make it clear to understand better. Thank for correcting me, I really appreciate it I learned something new

I always hear that, but whether it's tuition money or fee it's understandable that the meaning of it is about paying the experience in losses.

All that you list are great reminder so that someone will be guided how to trade. But, IMO regardless of how many we list in it the discipline is there.

Yet, times that we're scared and greedy is there no matter how many times we apply that. A point will come that we'd certainly feel it.

Besides fear and greed as control features for a beginner trader, there's also the concern of trading when you are not calm or under pressure due to external factors such as working or studying for exams or preparing for important activities that may distract ones focus as they decide to enter a trade.
You can't be distracted despite your knowledge of trading and hope to make good profits. So I can advice to always attempt trading when you are less busy with other activities and functions and when your environment is calm just as your brain at the moment is calm and at Peace.

Yeah, that's another situation that many traders are facing as precedent. When they trader under pressure or they think that they have to trade based on the situation of the market, it's not to chase for.

They have to trade when they think that there's an opportunity and not because they're forced and pressured to do it.

IMO the ending of trades like that are most likely to end up losing their money instantly. Don't get distracted and just follow the simple plans that you have thought of before starting.

[Maslate]

You can't help it, fear is non-negotiable especially if you are still new to the world of trading. But you can always find ways so that fear won't totally control your trade, and by trading on something that you're comfortable of losing, you don't fear of the outcome, but you're after with what your initial experience may teach you so that you'll be more guided and cautious the next time you trade.

Also, don't trade when you are forced of doing so, or when you feel the market is not in its best position, or when you are seeing high uncertainty with your possible trading result. Just trade when you are at your best, and when you think you have seen the perfect timing to start trading.

[BitMaxz]

Having no rules will end up making you fear any trade that gives you negative PNL because if you have rules that you strictly follow, even if you are afraid, never break your rules, like never stop your trade manually; let it hit your SL or TP and only stick to 1:2RR.
Having a journal is a must; record everything you do because it helps optimize your strategy and trading plan in the future. That fear will gradually become nothing in the long run; just keep your risk low that is why risk management is also part of the strategy to stay long on the market and overcome the emotions.

Backtesting is way better than doing demo trading at least you can find a strategy that works on old data with instant results than doing demo trading and playing with live charts.
Once you found the strategy that you think works for you and already optimized it from backtesting then you can start trading with live market because the one that will wreck you is your emotion that needs to be controlled. Trading with real capital is more meaningful when you lose and do some bad habits like overtrading, overleveraging, and revenge trading, which is considered gambling. Having consistent trades will help overcome fear in the long run.

[Sanitough]

"Fear" in trading is a very relative term. It fully depends on your trading size, what % of your networth/income it is.

No one will ever fully get rid of this fear. Someone with 50 years of experience in trading will be sweating like Roger the Rabbit if they trade with inadequate size from risk management point of view. The thing is though, they will never do it.

Start from the size you feel no fear trading. It could be just $10 at first. You will know when you're comfortable to increase it, trust me. If you opened a position and feeling unusual fear - do not hesitate to instantly cut it.

Fear will always be present, it will only be lessen in time but it will never be completely eradicate. However, being fearful has also its hidden advantage, you don't get overconfident with your trade that may lead you to take uncalculated risk. That way, fear has helped you to stay within your means and to stick with calculated risk.

There are times also that fear is high when you are trading unprepared. It's normal to be fearful, what isn't normal is that you enter trading when you are still unable and incapable. Take time to study trading first, do not rush believing there are instant profits, trading is highly risky that's why you have to prepare for it, otherwise you'll end up trading like gambling.

[SeriouslyGiveaway]

If we can do all of this, it will help you reduce fear in trading.

1.Trade with your trading budget
2. Open a Demo account
3. Have rules before clicking buy
4. Focus on each trade, not always the money
5. Expect to lose sometimes

Trading is very dangerous, not only for newbies but also senior traders and in the cryptocurrency volatile market, there are many senior traders lose money. It's best to don't trade, and use your capital for long term investment in Bitcoin. It's safer for your capital, with very good chance of getting profit,  while trading can be bad for your psychological and mental health together with very high risk of losing money.

If want to trade, learning before starting is important.
Awesome cryptocurrency trading.
Learn cryptocurrency trading.
[Guide] To use stop loss order: one of best weapons in trading. You can learn about Stop limit order too.

[Ojima-ojo]

I think fear is better than greed.

1.Trade with tuition money:We should always try to trade with an amount we can afford to lose without feeling worried about it. Many traders risk money they can’t afford to lose, thinking they can get profit when they use huge amounts. We need to always control ourselves and not trade with emotions, but follow our rules. It’s better that way. Fear won’t occur because we’re doing what’s best for us.

This is the first time I learn about what is called tuition fee in trading, I have only used it while referring to school fees before. I mean the learning or academic fee part of school fees.

But in trading, tuition fee is refered to the money lost or that you are using to practice trading or paid to a tutor or someone teaching you how to trade.

Greed end you in bad position, because you are trading with a sentimental mindset that you are going to make profits by all means,and ended up with more loses that the expected profits.
Tuition fees in trading

Me too this is the first time I am hearing such term relating to trading, but just as Oshosondy said, and based in my understanding of your writing above BItcoin Guy@, tuition fees you meant the money you can afford to spend on risking while you learn through the process of trading, well that may be necessary but not so important if you can trade in demo accounts until you build decipline and risk management.

[Big Dirams]

I think fear is better than greed.

1.Trade with tuition money:We should always try to trade with an amount we can afford to lose without feeling worried about it. Many traders risk money they can’t afford to lose, thinking they can get profit when they use huge amounts. We need to always control ourselves and not trade with emotions, but follow our rules. It’s better that way. Fear won’t occur because we’re doing what’s best for us.

This is the first time I learn about what is called tuition fee in trading, I have only used it while referring to school fees before. I mean the learning or academic fee part of school fees.

But in trading, tuition fee is refered to the money lost or that you are using to practice trading or paid to a tutor or someone teaching you how to trade.

In other words Tuition fee in trading can be said to be the price a trader pays when learning trading. It just the money we loss during our time of trading both the one the market manipulated or the ones we took wrong decisions and wrong strategies they are said to be the fee the market takes from us as a trader with or without our concept.
So as a trader when we risk what we can afford to loss and maintain applying stop loss to our entries and also smaller lots size then we can reduce our tuition fee lol.
However the price of the fee depends totally on how the traders risk management works.