How to begin trading without allowing fear to control you

[Antotena]

To avoid fear from stopping you, invest in only bitcoin with the background knowledge of how bitcoin works and it has grown over the years.

If you are taking a loan to bet, you are again doing a wrong thing. It will only induce more fear when you lose money and would not let your sleep at night.

Background knowledge is your cushion to mental stress. If you just joined trading because someone told you so you would have bought coins on someone's words and that has a bad outcome.

The advice sound safe but there is no any coin to invest that does not have its fear because market is what controls everyone. The emotions will be there when you see the market going against and if you have not experienced the way the market moves before, you will have that fear. Even people that do have experience from the market do have the fear of the market because it's natural to experience how the market work with fear.

I have taking loan to make a bet before and I can assure you that it didn't end well and since then, if I'm not taking loan to fix somethings about me, I will never take a loan just because I want to do trade or gamble. You will think that you can take away the fear but even if the trade looks safe and capital protective, you will always have that fear within just because that money is not yours, it's a borrowed money.

[hafiztalha]

​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.

I got your point, but i don't think so someone who has traded for 10 years can tell us whether they were actually doing things correctly. Time alone doesn't mean someone has gained much experience. I know many people who repeat the same mistakes over years. So we should look more on what he learned in those years.Ten years mean nothing if he repeat mistakes again and again. Experience is the thing which should be measured in terms of improvement.

And i agree with the point revenge trading makes us gambler. A beginner can learn from demo trading but they should remember that demo trading is different from trading with real money. Having a strategy is not enough execution plan also matters. So in my point of view execution and improvement matters rather than years of experience.

[Mpamaegbu]

To avoid fear from stopping you, invest in only bitcoin with the background knowledge of how bitcoin works and it has grown over the years.

Adopting such method and concentrating solely on Bitcoin would simply mean buy and wait till price goes up. That's hodling. I don't think it's considered active trading. Yes, it's spot but then there's no permanent loss until one sells. I don't think anyone would've a problem with that. Futures trading is the real trading. Even those who trade Bitcoin on Futures also suffer losses. Nobody is immuned from losses in investment. It doesn't matter what asset one trades.

[shawonngp]

As far as I have realised from my own trading experience, no matter how much experience you have in trading, it is not possible to control the fear of loss 100%. If you can make the budget allocation affordable, it is possible to reduce losses and fear a little. Most new traders fail to control their fear and lose everything in the trade due to overconfidence.

Fake money trading in a demo account before starting trading isn't that important to me, because no one trades seriously in a demo account, and there is a big difference between demo and real money trading. So new traders should trade with real money, even with a small amount.

[Bitcoin_people]

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.

This is very important before starting trading, especially when it comes to a certain amount of money. There is an explanation in trading, a person should trade with the amount of money they can afford to lose. There are some who want to start trading with overconfidence and they think that if they use more money, they will be able to make a profit, but this is not the case. Basically, making a profit in trading is not an easy task. You need to have skills and experience, you need to have good knowledge about the market. When you enter the market, there is a risk of profit, you need to learn those things well, and you need to analyze them in such a way that you can survive in the market during volatility. There are many people who trade with emotions, basically they always fall into losses, that's why you always enter trading with courage and understand everything with your own knowledge. At the beginning of trading, you have to prepare yourself in such a way that even if you lose, you can control yourself and later enter the market again with good strategies.

[Issa56]

As far as I have realised from my own trading experience, no matter how much experience you have in trading, it is not possible to control the fear of loss 100%. If you can make the budget allocation affordable, it is possible to reduce losses and fear a little. Most new traders fail to control their fear and lose everything in the trade due to overconfidence.

Because of our human nature, fear will always exist. If we don't try to manage it, it will eventually go away. It's better to have fear than to have none at all because once it reaches that stage, it becomes a problem. After all, I am aware that we should become adept at managing our emotions since it will prevent many of us from going too far, and when you start gaining more experience, you will be able to control yourself better.

Fake money trading in a demo account before starting trading isn't that important to me, because no one trades seriously in a demo account, and there is a big difference between demo and real money trading. So new traders should trade with real money, even with a small amount.

I think I agree with that, but when you trade live, you will take things more seriously because you are losing money. Your only choice is to either keep going or give up, which is what most traders do, because I expect better from them, and trading is not for the weak. Trading is very complicated.

[Bright0515]

You made good points, but my experience with demo account is quite different from others because for me it gives a lot of beginners the idea that they are good enough when they are not, you can call this a form of delusion.I don't think it is advisable for anyone to get too comfortable demo accounts, they can teach you about market dynamics but this cannot really indicate that you are actually a good trader. The most important thing that needs to be done in order not to allow fear control you is to trade with an amount of money that you can afford to lose, only increase your capital when you are making significant progress.

[PX-Z]

Regardless all the tips you give a beginner is a beginner and its always paired with fear, anxiousness and even anxiety. Only exprience and regular trading activity can reduce those emotions. Even experienced traders still feel fear, especially during volatile markets, but the difference is that they learn how to manage those emotions instead of letting them control their decisions.

Experience is one of the most important teachers in trading. You can learn the theory from books and courses, but you develop real confidence by actually experiencing different market conditions and learning how to react to them.

[Junii]

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.

Yes the whole story is in those lines. Actually majority of people think trading is like invest 100$ and on the next day it will be million which is wrong first of all learning trading takes time for example if we take an example of just degree it takes 4 years then we need a proper experience in the field in which we completed degree and then a normal job so in comparison with trading it is an easy way to earn money but a proper knowledge is needed with a proper strategy understand your emotion overcome your fear because fear controls your emotions.

[Franctoshi]

To avoid fear from stopping you, invest in only bitcoin with the background knowledge of how bitcoin works and it has grown over the years.

If you are taking a loan to bet, you are again doing a wrong thing. It will only induce more fear when you lose money and would not let your sleep at night.

Background knowledge is your cushion to mental stress. If you just joined trading because someone told you so you would have bought coins on someone's words and that has a bad outcome.

The advice sound safe but there is no any coin to invest that does not have its fear because market is what controls everyone. The emotions will be there when you see the market going against and if you have not experienced the way the market moves before, you will have that fear. Even people that do have experience from the market do have the fear of the market because it's natural to experience how the market work with fear.

I have taking loan to make a bet before and I can assure you that it didn't end well and since then, if I'm not taking loan to fix somethings about me, I will never take a loan just because I want to do trade or gamble. You will think that you can take away the fear but even if the trade looks safe and capital protective, you will always have that fear within just because that money is not yours, it's a borrowed money.

Before you come into this industry, you must understand the risk that's involved, and what brings about fear with your investment or trading? It's high risk, and your greed, because the moment you risk more than you can afford to lose, what follows is fear of losing that damn money. For instance, if one has $100k and his risking $10-$100 of that money, that person will be fine without emotional attatchment to the money regardless of what happens to it in the end.

[New Judgement]

I think fear is better than greed.

Absolutely, the fear of losing money has never put anyone in trouble, but it has saved many from blowing up their savings. The least fear of risking your money more than expected can do is keeping you in the same financial position for a while. But the greed for more money has destroyed many people, and many never recovered from it. Someone who haven’t fallen victim of greed, will never understand the importance of this statement you made. When trading, I would rather have fear as my friend than having greed.

[RazerMouseMobile]

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%.

I don't know about other people, but this doesn't work for me.
Demo account can't teach you one thing, and that thing is PSYCHOLOGY.

Yes, having a demo account will not help you in your psychology because at the back of your mind, you'll think "This is just paper money. I can just risk anything, and will lose nothing." Demo account can't teach you the correct mindset, and that kind of thinking that I just shared doesn't work when you use real money. We know how important psychology is to a trader in order to become successful. The good thing about demo trading though is that, you'll have an opportunity to try different strategies without using real money.

I don't personally use a demo account, but I'm not saying that it isn't useful at all.

[laijsica]

I think fear is better than greed.

Absolutely, the fear of losing money has never put anyone in trouble, but it has saved many from blowing up their savings. The least fear of risking your money more than expected can do is keeping you in the same financial position for a while. But the greed for more money has destroyed many people, and many never recovered from it. Someone who haven’t fallen victim of greed, will never understand the importance of this statement you made. When trading, I would rather have fear as my friend than having greed.

I don't know what you base your opinion on, but it needed to be explained. Traders often lose money because of fear of losing capital. When prices fall, they panic and sell at a loss, and you are considering the fear of losing capital as a friend. Trading always carries risks, even if you are an experienced trader. Being greedy in trading is not your friend, many traders have been and will be destitute in the future due to this greed.

If you prefer discipline, set a strategy in fund management and avoid trading with the necessary available funds, use such an amount that you have excess funds. The main reason for being greedy in trading is high expectations due to which you are making quick buying decisions and having a tendency to sell, but in reality it was better to stick to long term investments.

[bitzone]

If there's one big lesson, it's this: never trade with money you actually need for life. Do your homework and stick to a plan. Losing is just part of the game. But when you rush into a trade because of FOMO, that's when you really end up getting burned.

[DanWalker]

Absolutely, the fear of losing money has never put anyone in trouble, but it has saved many from blowing up their savings. The least fear of risking your money more than expected can do is keeping you in the same financial position for a while. But the greed for more money has destroyed many people, and many never recovered from it. Someone who haven’t fallen victim of greed, will never understand the importance of this statement you made. When trading, I would rather have fear as my friend than having greed.

I don't know what you base your opinion on, but it needed to be explained. Traders often lose money because of fear of losing capital. When prices fall, they panic and sell at a loss, and you are considering the fear of losing capital as a friend. Trading always carries risks, even if you are an experienced trader. Being greedy in trading is not your friend, many traders have been and will be destitute in the future due to this greed.

If you prefer discipline, set a strategy in fund management and avoid trading with the necessary available funds, use such an amount that you have excess funds. The main reason for being greedy in trading is high expectations due to which you are making quick buying decisions and having a tendency to sell, but in reality it was better to stick to long term investments.

Fear can be better than greed in some cases. But unfortunately, maybe that's not really the case in trading.

I agree with you, fear can make us lose money too, and sometimes the result ain't much different from greed.

Neither of them is our friend. They're both the enemy of traders and investors. Discipline and risk management are the real friends we need in trading.

[Pressurizedem]

If there's one big lesson, it's this: never trade with money you actually need for life. Do your homework and stick to a plan. Losing is just part of the game. But when you rush into a trade because of FOMO, that's when you really end up getting burned.

You are right, people have heard this, beginners have heard this, but they still make the same mistakes every time. Trading is not something you rush into, it is something that requires time, devotion, it requires continuous research, homework in other to do well.
Any trader who doesn't seek for advice, who does not make research, who ignores red flags when it comes to trading and it market, will end up regretting ever starting to trade. Trading is something that's very good when you have the basis involved in it, and you are succeeding, but it will always be a thing of pain to you when you put all your hope, energy, resources and money without doing the research you where supposed to do,

In trading, we do not follow emotions, you must know that your money must be lost to be able to get money, but the thing is, investing as little as you can afford to lose, look for strategies that can make you win, and invest with high technique for you to live above losing every time.

[Kelward]

I think fear is better than greed.

Absolutely, the fear of losing money has never put anyone in trouble, but it has saved many from blowing up their savings. The least fear of risking your money more than expected can do is keeping you in the same financial position for a while. But the greed for more money has destroyed many people, and many never recovered from it. Someone who haven’t fallen victim of greed, will never understand the importance of this statement you made. When trading, I would rather have fear as my friend than having greed.

Fear puts you in a place of being cautious, you will enter your trade with caution knowing that you're in a risky business where a mistake or lack of good judgement can deplate your account, so fear to a certain extent is recommended especially for new traders. Greed on the other hand throws caution into the wind and opens doors for a losing streak and desperation to chase loses which can eventually lead to addiction if the trader doesn't learn how to control their emotions. You should have some level of fear to avoid being overconfident but shouldn't let fear to dictate your trading and one way to reduce the fear is to use small amounts that you can comfortably lose.

[Donk1]

Trading is not that difficult to do, only that many are more interested in trading because they need to make money as part of their intention to be profitable with it, but it has gone beyond this because they have to learn and also take their time to experience more about trading strategies and other lifetime thoughts on trades, we don't just go into something because we have the persuasion for it, but we have to be well prepared and ensure we are fully ready to face the challenges that may come along when we are trading.

Trading is not that difficult? I basically find that obscure because based on my understanding, that only thing that isn't hard in trading is learning because when you read some online platforms or trading tutorials, they often make it as simple as possible, but the issue isn't learning. If the issue is learning then you are basically not ready to become a trader. The issue folks find difficult is implementing what they have learnt putting their knowledge into a live market. Best to say everyone goes into trading for the profit, but it's not how you make the profit that is the issue it's what you have to do to make the profit, that's what folks find difficult to understand. That side trading comes with responsibilities, so the brain has to be mentally prepared and every other thing would likely come from their experience with the market. That's all.....

[panjul07]

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%.

Demo mode can be a trap for some people because they think that they feel that they are ready for real trading in just few tries because of the good result with the demo account.
Instead of using demo account, I will prefer to use real money but started with small amount of money only so we can really feel the risk, we can really practice our emotion and obviously it gives real experience compared to demo account.
Demo account is good to practice some trading strategies but people should not use the result as a proof that they are already ready for the real trading.

[Gost ms]

Trading is not that difficult to do, only that many are more interested in trading because they need to make money as part of their intention to be profitable with it, but it has gone beyond this because they have to learn and also take their time to experience more about trading strategies and other lifetime thoughts on trades, we don't just go into something because we have the persuasion for it, but we have to be well prepared and ensure we are fully ready to face the challenges that may come along when we are trading.

Trading is not that difficult? I basically find that obscure because based on my understanding, that only thing that isn't hard in trading is learning because when you read some online platforms or trading tutorials, they often make it as simple as possible, but the issue isn't learning. If the issue is learning then you are basically not ready to become a trader. The issue folks find difficult is implementing what they have learnt putting their knowledge into a live market. Best to say everyone goes into trading for the profit, but it's not how you make the profit that is the issue it's what you have to do to make the profit, that's what folks find difficult to understand. That side trading comes with responsibilities, so the brain has to be mentally prepared and every other thing would likely come from their experience with the market. That's all.....

I cannot agree with you on this. Learning trading is definitely difficult and learning trading is more difficult than learning it, I think money management is more difficult. Because many people who understand trading very well and they become very skilled in trading, but their problem is that they cannot control themselves and they cannot manage money properly, as a result they face losses. In trading, 100% money management and full control over yourself is the most important thing.

The journey of learning trading is not easy at all, to learn trading, a person has to learn a lot, such as Trading Strategy, Technical Analysis, etc., many complex things have to be learned. Trading cannot be learned in 1 month or 2 months, rather a person needs a lot of time to learn trading, such as 2 to 4 years.