Post
Topic
Board Trading Discussion
Re: The 4 trading fears and how to overcome them
by
DoublerHunter
on 02/02/2023, 22:30:48 UTC
2. Practice risk management

By setting clear stop-loss levels and position sizes, we can minimize our losses and protect our capital. This can give us the confidence to take on appropriate levels of risk and pursue potential trading opportunities.
^In trading, this is the most important thing that you must handle first because all fears are expected in trading, the possible outcome could happen anytime soon, so the best thing to do is manage them, and managing risk is the best important among them all. From the start, before you decided to be a trader, you know already those fears and those negative results but if you are knowledgeable enough you are confident doing things because you know you are on the right path could those fears may be overcome and avoided.
Nevertheless, if you have these fears and don't have self-confidence, stop trading.