Re: The Fear Factor and waiting in trading, advantages and disadvantages
I don't know yet if this topic has been discussed here and if it has I'm going to lock the thread.
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
. 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.
The other times too, you can have the fear of not entering the market but at the end of that trade, you will realise that you would have made huge profit if you entered. This means the fear was a disadvantage to you.
I know fear and waiting can operate same time because as you have that fear not to enter you are at the same time waiting which can be both to your advantage or disadvantage.
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?
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
. 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.
The other times too, you can have the fear of not entering the market but at the end of that trade, you will realise that you would have made huge profit if you entered. This means the fear was a disadvantage to you.
I know fear and waiting can operate same time because as you have that fear not to enter you are at the same time waiting which can be both to your advantage or disadvantage.
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?
i believe that trading should be based on logic and data not by fear, the thing is, the big whales likes to play with the psychology of the market, flash dump before massive reversal to ATH, accumulation phase that seems to never end and so on, spreading fear is exactly their weapon against retailer and the reason why they always winning big time, if you trade based on logic and data instead and disregard the fear or any psychological influence you'd likely to profit, I know speaking is easier than doing, but good thing by following this I didn't get sidelined when BTC was having forming descending channel pattern around $64k - $49k back then where as far as I know, have successfully sidelined great amount of people. in a nutshell, never trade on emotion.