Quote from: Fiatless on Today at 10:15:52 PM

Quote from: $weetne$$ on December 22, 2024, 09:24:01 PM

Quote from: palle11 on December 22, 2024, 10:27:37 AM

We have the fear operating in both advantage or disadvantage to your trade. So how has fear and waiting impacted negatively or positively to your trading experience?

Fear has no positive impact regardless of the benefits you received from being afraid. As traders we should not be afraid of the market or the market is going to punish you for that. Just that you were lucky to escape the punishment this time does not make fear to be a good thing to be having as a trader. You should not be scared of the market but use every movement it gives you to your advantage to make money from predicting the correct movement of the market. Fear will only make you to lose because you can decide to not exit the market on time or leave your orders active because you are afraid that when you leave the market, the price will continue to increase. We should not make decisions based on emotions when trading, that is a mistake.

Sometimes fear has made me avoid some losses, but it has also caused me to lose some good profit. Trading is risk and traders should be bold enough to overcome fear and take calculated risks. If you have done a comprehensive analysis and you feel that taking a particular position will bring profit, just go ahead and don't let fear stop you. Fearful traders might fail to take risks that will bring huge profits.

It would really be that like a double edge sword because at the moment or time that you do let your fear control you then its neither it will really be having that tendency on for you to avoid some further loses at the same time it could also make you lose up some potential profits. Everything will really be just basing up into the actions that you are taking because at the moment that you wouldnt really be that taking up some decisions whether you do go ahead or not then it will be having that corresponding result or outcome which its neither of those things been mentioned. This is where you can differentiate into those people who are risks takers and to those who arent.

On the moment or time that you do touch up this space then you should have set your mind about taking up the risks. Why? There's no progress of yourself if you do keep on having that kind of mentality at the moment that you do make up some trades. It will be always ideal that you should really be get prepared into those potential outcome into the things that you've been dealing into. If you are not that prepared then you will be getting disappointed at the moment that you do experience loses. This is why its really that important that you should really that know on what you are doing so that you wont get shocked on possible outcomes.