Quote from: bitgolden on February 06, 2023, 04:48:03 PM

Quote from: thecryptogandalf on February 02, 2023, 12:55:26 PM

By managing risks, having a clear exit strategy, and avoiding the temptation of FOMO, traders can overcome their fears and become successful. By embracing these fears, traders can make informed decisions, capitalize on opportunities and achieve their trading goals.

Yes, your suggestions to overcome all types of fear are sounding like a complete and practical ones for all beginners in crypto trading. In my experiences, if you want to trade confidently then you must need enough experiences and if you are really have seen similar market scenarios previously then you will never get afraid of it and can easily find right timing for good profits. It means knowledge and experiences are playing good role in overcoming fear factors.

Moreover, automate the trading process is kind of engaging bot to trading might be working only for few market conditions as one trading strategy cannot cover all different market conditions. I agree botting will help to overcome the fear but may not remain profitable through out years.

If you are a newbie in trading, you cannot expect to overcome all these fears because you are still on your own way of accumulating more knowledge and experience which will make you a good trader in the making. So just take it slowly and let yourself lose in trading, commit mistakes and be frustrated, because thats the reality in trading. You will not learn to overcome those fears unless you never experience it. Eventually, when you have been trading for years and you have gained enough experiences already, then you would be able to slowly overcome them because you are now confident in your trading activities.