Are you afraid to lose your trade?

Trading fear sneaks its way in once you put on an exchange with your genuine money and watch it vacillate. For the most part, you feel energized and uncertain, and prepared to close or change your exchange at any moment. This is the place the trading botches start. Keeping your exchanges little will help you to remain above water while figuring out how to move this new issue. A trader ought to be sure constantly. What's more, certainty originates from information. The more you obtain the more you wind up plainly fearless.

Who isn't? No one likes to lose money, no matter the sum.

45656 posted:
Trading fear sneaks its way in once you put on an exchange with your genuine money and watch it vacillate. For the most part, you feel energized and uncertain, and prepared to close or change your exchange at any moment. This is the place the trading botches start. Keeping your exchanges little will help you to remain above water while figuring out how to move this new issue. A trader ought to be sure constantly. What's more, certainty originates from information. The more you obtain the more you wind up plainly fearless.

Automate control of the account whenever possible.This reduces emotion based trading. Emotions have NO place in making trading decisions.

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Trades go bad sometimes, this is the nature of trading.
It's how we manage those losses which will determine if we can become profitable or not.

Professional4X posted:

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Trades go bad sometimes, this is the nature of trading.
It's how we manage those losses which will determine if we can become profitable or not.

True; it’s decentralized market, this is why Forex is all about the probabilities. In addition, that’s the reason why we need to use the SL tool.

45656 posted:
Trading fear sneaks its way in once you put on an exchange with your genuine money and watch it vacillate. For the most part, you feel energized and uncertain, and prepared to close or change your exchange at any moment. This is the place the trading botches start. Keeping your exchanges little will help you to remain above water while figuring out how to move this new issue. A trader ought to be sure constantly. What's more, certainty originates from information. The more you obtain the more you wind up plainly fearless.

Trading fear is in every trader. Its just that some are able to handle it well and others aren’t.

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Sometimes fear helps reduce losses as I think.

AlexLabro posted:

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Sometimes fear helps reduce losses as I think.

And sometimes it causes Revenge Trading and blown accounts.

To allow ones trading to be guided by emotions is absurd and shows a complete disregard for realistic risk management.

Emotions have NO PLACE in trading.

AlexLabro posted:

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Sometimes fear helps reduce losses as I think.

Sometimes yes, but otherwise most of the times, fear causes you to panic and thus, increase your losses.

No; but that doesn’t mean; I like to lose my trade! I know the realty of Forex quite well; this is why, I am not expecting here 100% profit ratio.

peter_fx posted:

AlexLabro posted:

Georg1o posted:
Who isn't? No one likes to lose money, no matter the sum.

Sometimes fear helps reduce losses as I think.

Sometimes yes, but otherwise most of the times, fear causes you to panic and thus, increase your losses.

True; even it brings more plans in human brain. I think, practice is the best medicine on the fear!

Any how you have to cope up with your fair as sometime the fear makes a trader loose his great trading moves some time it really effect on a traders health and all of the above if a trader wants to achieve his goals in trading business he has to cope up with this fear
otherwise trading is not a suitable profession for him.

At first, I used to be scared about losing my money. But as the time goes by, I started taking realize what the mistakes were made, what lessons were learned, how to avoid making mistake again. Gradually improving helps the fear to go away.

downtown posted:
At first, I used to be scared about losing my money. But as the time goes by, I started taking realize what the mistakes were made, what lessons were learned, how to avoid making mistake again. Gradually improving helps the fear to go away.

I think, if you are following the rules of money management so keenly; there is no need to stop.

Of course I am. But I never let my fears to overshadow my mind. I know that I'm on top cause I'm a good trader, so even if I lose, I'll always return everything back. Uncertainty is the worst thing and everyone need just get rid of it...

AniLorak posted:

Baazex posted:
Any how you have to cope up with your fear as sometime the fear makes a trader loose his great trading moves some time it really effect on a traders health and all of the above if a trader wants to achieve his goals in trading business he has to cope up with this fear
otherwise trading is not a suitable profession for him.

Very logical point; this is why I recommend meditation practice! It helps a lot to build a professional brain!

Yes, Meditation helps a lot but coping up with the actual fear and deciding either you are happy doing this job or not

Baazex posted:

AniLorak posted:

Baazex posted:
Any how you have to cope up with your fear as sometime the fear makes a trader loose his great trading moves some time it really effect on a traders health and all of the above if a trader wants to achieve his goals in trading business he has to cope up with this fear
otherwise trading is not a suitable profession for him.

Very logical point; this is why I recommend meditation practice! It helps a lot to build a professional brain!

Yes, Meditation helps a lot but coping up with the actual fear and deciding either you are happy doing this job or not

So you are also doing meditation for trading? What’s your process on this practice?

Every trader has that fear. Main thing is that how they can handle this problem.

Fear of losing trade is very common among traders. As Warren Buffet said, fear comes from not knowing what you are doing. If you want to remove fear you need to be skilled enough. Also you have to accept loss trades. But you are not able to recover your loss, you are not ready for live trading.