Are You Afraid of Trading?

[milewilda]

When you are trying out to deal up with something and you are a complete noob then its really just that right that you would really be needing up to research on everything in regarding on the things you've been dealing into. It will really be that up to you on how you would really be doing these steps on which this is the most sensible way to be done because if you are planning to deal up with something then its just right that you do make up some research about relevant information and reading up other real time experiences on which you can apply it into your own. Its normal to be scared when you are losing up money but once you do equipped yourself with having that proper knowledge then those fear will really be wiped away and you would be able to gradually overcome that fear.

As much as profit can make a person happy, loss scares a person many times more than that. Because everyone trades to make profit and no one wants to lose his money.  Because of this, it is natural that everyone is and will be afraid while trading.

Yes, it is natural to be afraid here, because in trading we basically come to earn money. But if we come to trading for the money and do not gain knowledge about trading and do not have an idea about the market, then it is natural that we will be harmed there. And there we have a lot of fear. So before we go to trading, we first gain knowledge according to the basic rules of the market and then we will go to training.

That's why it's really that important that you should really that make yourself that knowledgeable at the time or moment that you do deal up with something. You can't really just that easily dive in without having any ideas on what you are doing. Just like been said we are really afraid on losing money because we do know that this is what we do really need for us to survive on which you will really be needing to accumulate as much as you can and if we do lose money then this is where we do make out such disappointment. Dealing up with this volatile market will really be that giving out that roller coaster emotions because of moving up and down of prices. Whenever you are that dealing with volatile space then you should really that being prepared.

[LUCKMCFLY]

I don't believe in luck but I believe in skills. I'm not sure if talent is the right term for it or skill. Because trading is a type of job or business if you know what you're doing, but if not it's gambling. If we say talent, it doesn't come from hard work while skills come from efforts, knowledge, and discipline. I haven't seen any new traders who don't know much about trading become profitable right away.

Yes, I understand what you say, however I call talent when a person is able to master certain activities in a very short time and what he learns he learns in a very short time, for me that is a talent, sometimes in trading you need to have a little luck , because there may be a movement that is happening and suddenly it goes down and hits a stop loss , but if you are lucky enough it does not touch that stop and then it continues and changes in our favor and that operation is won, of course respecting everything that is a previous analysis.

[doc]

I don't believe in luck but I believe in skills. I'm not sure if talent is the right term for it or skill. Because trading is a type of job or business if you know what you're doing, but if not it's gambling. If we say talent, it doesn't come from hard work while skills come from efforts, knowledge, and discipline. I haven't seen any new traders who don't know much about trading become profitable right away.

Yes, I understand what you say, however I call talent when a person is able to master certain activities in a very short time and what he learns he learns in a very short time, for me that is a talent, sometimes in trading you need to have a little luck , because there may be a movement that is happening and suddenly it goes down and hits a stop loss , but if you are lucky enough it does not touch that stop and then it continues and changes in our favor and that operation is won, of course respecting everything that is a previous analysis.

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

[enwi]

I don't believe in luck but I believe in skills. I'm not sure if talent is the right term for it or skill. Because trading is a type of job or business if you know what you're doing, but if not it's gambling. If we say talent, it doesn't come from hard work while skills come from efforts, knowledge, and discipline. I haven't seen any new traders who don't know much about trading become profitable right away.

Yes, I understand what you say, however I call talent when a person is able to master certain activities in a very short time and what he learns he learns in a very short time, for me that is a talent, sometimes in trading you need to have a little luck , because there may be a movement that is happening and suddenly it goes down and hits a stop loss , but if you are lucky enough it does not touch that stop and then it continues and changes in our favor and that operation is won, of course respecting everything that is a previous analysis.

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

Yes, any learning process is time consuming especially in the areas that entail embrace understanding and mastery of skills. In this case trading is not an act of mere chance but a practise that is taken through time. Still, there are many choices which can be made and each choice has some implications that are to be well assessed. Knowledge accumulates with time and experience, and the practise of thinking and evaluating will become enhanced. It cannot be described as a trend in which one is able to boast of quick success achieved without hard work and preparedness to deal with various changes that may take place at any given time.

[bayu7adi]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

However, do you realize that a professional trader also needs a luck factor? So indeed the luck factor is very influential on every result we will get, from newbie to professional, there is a luck factor that will always accompany....

Experience, knowledge and whatever it is that makes you called a professional still has an impact on increasing the percentage of luck that you get.

[jeraldskie11]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

However, do you realize that a professional trader also needs a luck factor? So indeed the luck factor is very influential on every result we will get, from newbie to professional, there is a luck factor that will always accompany....

Experience, knowledge and whatever it is that makes you called a professional still has an impact on increasing the percentage of luck that you get.

Since I didn't believe in luck as I said before I would rather say it as timing. I don't think if that luck you've said is very important in trading. Because you did backtest before you apply in live trading, and that backtest usually takes a hundred times or more and you can determine what is the win rate of that strategy by backtest with hundred times of trades. So do you still believe that the win rate was because of luck? I think you won't. If you get a 60% win rate in back test, there is a huge probability that you will become profitable as long as you can stick to your plan and won't let your emotions control you.

[DavetJack]

I don't believe in luck but I believe in skills. I'm not sure if talent is the right term for it or skill. Because trading is a type of job or business if you know what you're doing, but if not it's gambling. If we say talent, it doesn't come from hard work while skills come from efforts, knowledge, and discipline. I haven't seen any new traders who don't know much about trading become profitable right away.

Yes, I understand what you say, however I call talent when a person is able to master certain activities in a very short time and what he learns he learns in a very short time, for me that is a talent, sometimes in trading you need to have a little luck , because there may be a movement that is happening and suddenly it goes down and hits a stop loss , but if you are lucky enough it does not touch that stop and then it continues and changes in our favor and that operation is won, of course respecting everything that is a previous analysis.

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

Trading is not based on luck, it is gambling. When it comes to trading, one cannot rely on luck, but rather one has to continue trading based on knowledge. There is basically no end to learning in trading, the more you learn, the more your knowledge will increase and you will get an idea about the market. I think if someone relies on luck in trading, then it is natural that they will lose 100%.

[jeraldskie11]

I don't believe in luck but I believe in skills. I'm not sure if talent is the right term for it or skill. Because trading is a type of job or business if you know what you're doing, but if not it's gambling. If we say talent, it doesn't come from hard work while skills come from efforts, knowledge, and discipline. I haven't seen any new traders who don't know much about trading become profitable right away.

Yes, I understand what you say, however I call talent when a person is able to master certain activities in a very short time and what he learns he learns in a very short time, for me that is a talent, sometimes in trading you need to have a little luck , because there may be a movement that is happening and suddenly it goes down and hits a stop loss , but if you are lucky enough it does not touch that stop and then it continues and changes in our favor and that operation is won, of course respecting everything that is a previous analysis.

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

Trading is not based on luck, it is gambling. When it comes to trading, one cannot rely on luck, but rather one has to continue trading based on knowledge. There is basically no end to learning in trading, the more you learn, the more your knowledge will increase and you will get an idea about the market. I think if someone relies on luck in trading, then it is natural that they will lose 100%.

That's true. It's like they're saying that the reason you win in trading is because of luck. If luck were real, we wouldn't have been backtesting for so long, we wouldn't have been trying so hard. Because even if we did this, we would still experience losses at the beginning of our trading journey and later on you will taste success because you have gained a lot of experience, and you know what to do. If they are a truly profitable trader, they won't say that luck is necessary to win.

[LogitechMouse]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

However, do you realize that a professional trader also needs a luck factor? So indeed the luck factor is very influential on every result we will get, from newbie to professional, there is a luck factor that will always accompany....

Experience, knowledge and whatever it is that makes you called a professional still has an impact on increasing the percentage of luck that you get.

Luck might be a factor on a few of their trades, but most of the professional traders rely on their knowledge, and experience for most of the time.

I watched some trading videos on YouTube, and I would say that most of them rely mostly on their experience and knowledge in order to make good trades. As for luck, hmmmm I don't think there's any instance where you need luck TBH. You know what, professional traders don't need luck. Newbie traders are because most of these types of traders are making their trades based off of luck.

[JISAN]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

However, do you realize that a professional trader also needs a luck factor? So indeed the luck factor is very influential on every result we will get, from newbie to professional, there is a luck factor that will always accompany....

Experience, knowledge and whatever it is that makes you called a professional still has an impact on increasing the percentage of luck that you get.

Luck might be a factor on a few of their trades, but most of the professional traders rely on their knowledge, and experience for most of the time.

I watched some trading videos on YouTube, and I would say that most of them rely mostly on their experience and knowledge in order to make good trades. As for luck, hmmmm I don't think there's any instance where you need luck TBH. You know what, professional traders don't need luck. Newbie traders are because most of these types of traders are making their trades based off of luck.

People who share trading topics on YouTube and promote their own signals to sell are not real professional traders.  But yes there are many professionals they can definitely do better with their own knowledge. A person becomes a professional only when he develops himself into a master after making many mistakes. In the case of trading, a lot of losses have to be accepted in the beginning, due to which most traders give up very quickly and lose. And those who continue their research even after losing become professionals at some stage. However, in the case of trading, there is a lot of fear in everyone because there are times when you have to accept big losses

[LUCKMCFLY]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

Yes, it is not easy, sometimes you have that fear of losing even though you know what you are doing, but you have to take risks, but I consider that each one of us has a level of risk and of coping with things due to our personality, for example, I lost my fear of losing a long time ago, for one reason, I only risk what I can lose, and if I do not have more money willing to lose, then I do not operate, even if thousands of good entries come out, I do not do it, for me the priority is not to be left without money.

[enwi]

Being able to master something quickly is a talent that not everyone has, because I myself am still learning in trading and it takes a long time. but if we rely on luck, I think we are not doing professional trading. trading is a profession and requires expertise, not luck.

Yes, it is not easy, sometimes you have that fear of losing even though you know what you are doing, but you have to take risks, but I consider that each one of us has a level of risk and of coping with things due to our personality, for example, I lost my fear of losing a long time ago, for one reason, I only risk what I can lose, and if I do not have more money willing to lose, then I do not operate, even if thousands of good entries come out, I do not do it, for me the priority is not to be left without money.

Where there is the possibility of making a choice always there is a risk factor to be looked into, and everybody has his own mechanisms of handling it. This means that all opportunities are not good to be grabbed because they do not correspond to the prevailing circumstances. It’s actually more beneficial in some occasions not to take actions which does not fall in ones capabilities than to make movements that leads to increased chances of risk. It is important to know one’s limitations, so that one is able to achieve sustainability because it is better to be sustained in the long run than to take the high risk. The best is also the decision that will let us stay stable and be profitable enough at the same time.

[LUCKMCFLY]

Where there is the possibility of making a choice always there is a risk factor to be looked into, and everybody has his own mechanisms of handling it.

This is very true, in fact the things that we have not only in Trading, but in life are a matter of decision and that depends on what direction we will have in our Lives , I have had to make decisions that have been Infallible in my life , I have made mistakes in some but I have managed to correct them, however things in trading will always be decisions due to the risk and we Choose the risk if it is low or high, this is something to always consider, I totally agree with what you say.

[SamReomo]

trading is a profession and requires expertise, not luck.

I agree with you and I must tell that trading is a tough professional because at trading one has to master his/her emotions in order to earn profits from the market. Sometimes when market dips like that happened in the past weeks, and during such times most traders panic but good traders manage their stress and buy the dips and make good profits from the market.

[Nheer]

trading is a profession and requires expertise, not luck.

I agree with you and I must tell that trading is a tough professional because at trading one has to master his/her emotions in order to earn profits from the market. Sometimes when market dips like that happened in the past weeks, and during such times most traders panic but good traders manage their stress and buy the dips and make good profits from the market.

Well said, emotions really affect most traders especially the newbie to trading, emotions can stop you from getting bigger profits from market, emotions is very real in trading traders get emotional and feel depressed when ever the market touches their capital so bad.
For a trader you really have to get yourself together and push away the emotions after all the game is about win or loss, you either take from the market or the market take from you that just the deal. Overcoming your emotions and fear will give you high ups over the market and you can stick to your strategies till your tp get hits that just it. Most important stick to your strategy and analysis.