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?
Fear factor is there since we are just humans and we dont like on losing money on which there are those instances or times that you do get hesitated at the moment that you are trying out to make out some position just because you cant be able to bare up with the risks on which its normal or you cant be sure into your position and thats why it do hinders you do make out such position. Outcomes and results could neither be that ending up with a good result or do able to avoid you on losing up money just because you hadnt made out your action or simply it was that a right call because the price didnt go on what you had predicted.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?
We are just that humans on which having emotions on which this isnt talking about trading but also in other aspects as well. Real life situations or conditions on which decisions do vary and our mind be saying or thinking that it might that not giving out that good results on which you have hesitated but if it turned out to be a life saver decision then thats a good thing, but on the moment that it do made out some results that you had just that missed out some good opportunity then it will be giving out that kind of feeling of regret. So it will be that up to you on how you will be handling out decisions in between specially on trading on which prices are way too volatile and unpredictable. There are indeed those times that decisions made were actually that become a good choice.