Post
Topic
Board Trading Discussion
Re: Fear : The Debacle of a Trader
by
palle11
on 19/06/2021, 09:23:15 UTC
Quote
Fear from not taking your chance

This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.

No... An experienced trader would have seen almost or same occurrence repeating itself, so taking the good chance for profit shouldn't be a fear for such trader.

Here are some of the qualities of an experienced trader:

He understands that when making a trade order, he is calling for profit or losses

He is able to read the chart and to recognise a repeated happening

Such trader uses money management and stop loss.