Post
Topic
Board Trading Discussion
Re: The 4 trading fears and how to overcome them
by
palle11
on 04/02/2023, 13:11:59 UTC

3. Fear of leaving money on the table:

The fear of leaving money on the table is a tricky one, as it often arises when we’re in a winning trade. It’s tempting to hold on, hoping to squeeze out even more profits. But this can be a dangerous mindset that can lead to ignoring stop-losses and exposing to unnecessary risk. After all, you don’t have a crystal ball (and aren’t an FOMC member), so you should not expect to buy the exact bottom and sell the exact top.

By having a predetermined exit plan, we can lock in profits, manage risk, and avoid emotional decision-making.

Embrace discipline by having a clear exit strategy that balances the desire for profits with the need for risk management. Trust your strategy and stick to your plan to be in a better position to capitalize on future opportunities.


Fear of losing money I think it is possible to pass that stage with experience because an experience trader understand that any order can turn out to be wrong even with the clear positive signal, so on this I don't regret if I'm outside and I understand that there will be more clearer signal and opportunity to make profit.

The aspect here is early exit. This is what I could regret sometimes but on a second thought I get excited if I'm actually running off with some profit because being satisfied is better than being greedy.