Re: The Fear Factor and waiting in trading, advantages and disadvantages

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

So I believe many traders here go through this fear in their trading and I don't think it is wrong to have such feeling because you are a human with flesh and blood plus the involvement of your money hahahaha Grin

. Yes you are permitted to fear.

I have noticed also that this fear can help you reduce lose sometimes when you fear to pull in your trade then you stay back and at the end the market would have gone against you. It means that the fear actually was to your advantage because you didn't enter an order.

A trader who thinks it is okay for him to accommodate fears is just gambling with his money. There is no such thing as being at an advantage because you were scared of entering some positions or taking certain decisions. Fear will only make you lose lots of opportunities. Yea, opportunities to earn, learn, grow and explore. If you think fear has made you gain something, then that's just luck and not a basic characteristics any trader should possess.

Traders are risks takers. Though fear may set in sometimes, they push such thoughts aside and refuse to let it influence their decisions. Traders who allow fear control them cannot be called good Traders. Traders lose money sometimes, they go through alot that may get them all emotional. A good strategy, experience and good risks management is all they need and not fear. Fear has never been of benefit to me.