Are You Afraid of Trading?

[Nheer]

No. I really enjoy trading, that's how I learned about cryptocurrencies, by getting involved in the market, buying coins of all kinds, I got into some trouble and had losses due to inexperience, but I didn't give up. I learned “the hard way”. Today, I prefer to buy and hold for the long term.

Well, usually people who have experienced losses but don't give up can learn from that experience and start to enjoy trading themselves in the next step. because he understands the market better and can be calmer in trading and making profits. I also prefer to buy and hold and sell until the target is reached. And usually the Swing trade strategy is the one that is often used. But sometimes I also learn to day trade once in a while.

Learning from one’s mistake will keep the person going and moving forward cause next time you won’t have to make that same mistake you did, but when you encounter losses and you easily gave up then there isn’t anything left for who rather than failure.  As a trader even if you encounter loss a lot you just have to keep learning and derive from your mistakes and take correction.
As a trader all we have to know is that the game is either win or loss and that just the true fact. Being a day to day trader deserves a lot  of focus and commitment cause before an entry we can be on chart all day just trying to analyze the market for perfect timing to take advantage of the market. However, placing a entry without knowledge will definitely result into nothing other than loss. So we have to keep learning to become professional traders.

[Blaze]

Learning from one’s mistake will keep the person going and moving forward cause next time you won’t have to make that same mistake you did, but when you encounter losses and you easily gave up then there isn’t anything left for who rather than failure.  As a trader even if you encounter loss a lot you just have to keep learning and derive from your mistakes and take correction.
As a trader all we have to know is that the game is either win or loss and that just the true fact. Being a day to day trader deserves a lot  of focus and commitment cause before an entry we can be on chart all day just trying to analyze the market for perfect timing to take advantage of the market. However, placing a entry without knowledge will definitely result into nothing other than loss. So we have to keep learning to become professional traders.

All activities that we undertake will create a style of thinking that is better than the previous one. Perhaps we have been in a state of frustration, where it appears that everything is an endeavour is in vain, out from that situation a new approach to work begins that is far better. This is a saying that means that small modifications that we make from the current behaviour may lead to an entirely different outcome. Not because we are luckier, but because, over the years we start to sideline activities that bring about misfortune. The more the evaluation is done the more one is in a position to take more appropriate actions or measures. These are the sort that do not spring up overnight or in a day or within some weeks or months, it takes years. I do not merely learn how to handle pressure but also learn how to go ahead and make decisions on my on strength without necessarily being propelled by non-quantifiable feelings or perceptions.

[JoyMarsha]

It is like we have the same analogy of hodling more of crypto than trading it. Ever since I learned about crypto, I have been more into investing and hodl for long term than trading. I haven't thought about learning trading for once or finding someone who will teach me to gain expertise in trading because trading is riskier than investing and hodl Bitcoin for long term

[ajiz138]

Stop loss is the best choice to apply, we have to do analysis and set stop loss at the right price, and wait and hope the price can turn around and give us profit.

But again, it will be our own choice, because we should know what is best for us to do when in certain circumstances, and closing the market can also be an option when we see a bad price movement accompanied by bad news.

Using stop loss function to set the risk limit is one of the processes in trading that is about to be learnt in the trading world. I concur that this is among the ways through which one can set a limit to avoid getting involved with a risk that will seem to grow bigger each day. Nevertheless, there are cases when waiting for the reversal of the price indicated as fairly profitable, but sometimes I think the exit is appropriate in the case if the external conditions make them worse. It is indeed true that these aspects are person dependent because people have different approaches and thinking processes when it comes to managing market conditions. The most important aspect is to believe in whatever decision that has been made in advance and to be prepared for whatever that happens next. There are no good or bad strategies, only analysed choices and preparation for such eventualities that are likely to happen in the process.

As traders we must be prepared for the worst, therefore in analyzing we not only analyze the price increase, but we also analyze the decrease.

If we have entered, then it is certain that we are ready for everything. Whether it is losing money or getting a loss, we have really let go of the money we put into the trading wallet.

[Ujok]

It is like we have the same analogy of hodling more of crypto than trading it. Ever since I learned about crypto, I have been more into investing and hodl for long term than trading. I haven't thought about learning trading for once or finding someone who will teach me to gain expertise in trading because trading is riskier than investing and hodl Bitcoin for long term

indeed trading is very high risk, if you are unable to withstand the onslaught of the market it is better not to trade because the market cannot be predicted but if you want to keep trading look for coins that have little risk such as bitcoin, Eth, Bnb or SOL that's my opinion. because I have experienced trading and the results are getting big losses but I am not discouraged I still play crypto but long-term investment is better than trading, everyone must have different points of view about this friend.

[Blaze]

indeed trading is very high risk, if you are unable to withstand the onslaught of the market it is better not to trade because the market cannot be predicted but if you want to keep trading look for coins that have little risk such as bitcoin, Eth, Bnb or SOL that's my opinion. because I have experienced trading and the results are getting big losses but I am not discouraged I still play crypto but long-term investment is better than trading, everyone must have different points of view about this friend.

To my mind, it is not easy to decide to remain invested in the world of cryptocurrencies just knowing that it is possible to lose millions of dollars. Most would have left when the situation changed to the otherwise unsuitable one, but you decided to stay and adjust for the change. It is not only about passion but about the fact that this market is not fully controllable, and that is why the strategies are needed. When you talk of large assets that are associated with lower risk, you cannot talk of this large multinational and international firms but how they fared during the test. You prove that in a move it is not the failure which puts an end to it, but the decision not to learn out of all the moves made thus far.

[MUGNIA]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

[JISAN]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

When you lose through your own analysis, it will not have much emotional impact on you. You will consider it as bad luck. But when you copy someone else's analysis and listen to someone else's words and invest in a coin and lose there, you will feel guilty and regret why you copied their idea. That is why I would say that in trading, always give more priority to your own analysis and always trade based on your own research.

[jeraldskie11]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

I agree. It hurts so much when you see that your first analysis will materialize. Aside from that, it also hurts if we let others to trade our funds.  It's good to lose as long as I did my best to produce a better analysis, since I know that by learning from my mistakes, I'll be profitable one day. I'm confident that if we have a profitable trading strategy, we will not believe that our success was due to luck.

[Nheer]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

I agree. It hurts so much when you see that your first analysis will materialize. Aside from that, it also hurts if we let others to trade our funds.  It's good to lose as long as I did my best to produce a better analysis, since I know that by learning from my mistakes, I'll be profitable one day. I'm confident that if we have a profitable trading strategy, we will not believe that our success was due to luck.

Having a better strategy that work well for you before trading will help to boost your confidence and commitment to the market, it will definitely build your boldness and will be very positive that knowledge keeps you going cause in trading nothing is much easier than having a strategy that works well and hits your tp. But what hurts most is when your sl got sweep and market reverse after sweeping your sl damn bro that really hurts cause it looks like you don’t even know what you are doing anymore but learning from self Mistakes is much better than learning from someone or your mentors mistake.  Sometimes it really difficult to come up with strategy that suits you despite they are a lot of strategy but all it needs is we should keep trying and we will definitely get a suitable strategy that works perfectly.

[jeraldskie11]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

I agree. It hurts so much when you see that your first analysis will materialize. Aside from that, it also hurts if we let others to trade our funds.  It's good to lose as long as I did my best to produce a better analysis, since I know that by learning from my mistakes, I'll be profitable one day. I'm confident that if we have a profitable trading strategy, we will not believe that our success was due to luck.

Having a better strategy that work well for you before trading will help to boost your confidence and commitment to the market, it will definitely build your boldness and will be very positive that knowledge keeps you going cause in trading nothing is much easier than having a strategy that works well and hits your tp. But what hurts most is when your sl got sweep and market reverse after sweeping your sl damn bro that really hurts cause it looks like you don’t even know what you are doing anymore but learning from self Mistakes is much better than learning from someone or your mentors mistake.  Sometimes it really difficult to come up with strategy that suits you despite they are a lot of strategy but all it needs is we should keep trying and we will definitely get a suitable strategy that works perfectly.

It is impossible for a trader to be confident if he doesn't know that the strategy he is going to use in trading is good. Maybe there are traders who say that they are confident in their strategy but later on lose all their funds in the trade. When that happens, it just means that they are not really confident. Maybe they feel confident because they have not tried their first couple of trades.

[Hisbullah]

It is impossible for a trader to be confident if he doesn't know that the strategy he is going to use in trading is good. Maybe there are traders who say that they are confident in their strategy but later on lose all their funds in the trade. When that happens, it just means that they are not really confident. Maybe they feel confident because they have not tried their first couple of trades.

being confident in our trading strategy is the main capital of a trader, because a trader must have good analysis and strategy in order to gain profit.
By always practicing to gain experience will make us become professional traders, but as many people say this takes a long time and we must be patient in doing it by always focusing.

[DavetJack]

It's not about being afraid of trading, but knowing how to trade, because when you summon a fake confidence and go into trading without knowing anything, you will loose everything, trading is about building ourselves right from the start, that we may be able to hold onto the things that we know and perform on them as we are trading, this is where our courage and confidence should lies to trade

Sometimes watching too much actually makes you more confused because each trader has their own tricks for reading the market, the accuracy of analysis is probably what should be prioritized in learning trading, if the analysis is wrong, loss will definitely come your way

We should have to avoid that kind of habit when trading. There are many traders who made mistakes and get losses because of watching too much in the chart. When a trader keeps looking at the chart, there is a chance that they will change their entry price because they will see things they don't see in their first analysis, in other words you will be deceived by the chart. If you keep looking at the chart it is a sign that you are a beginner or else you're not confident with your analysis.

yes, we must avoid it, with confidence we can be more comfortable if we make the right or wrong decision when trading, because from my experience I have used analysis, people experience very painful defeats, but when I lose with my analysis, when I lose, I don't feel like I've lost, I'm just unlucky at that time and I'm sure luck will return at some point in the future,

When you lose through your own analysis, it will not have much emotional impact on you. You will consider it as bad luck. But when you copy someone else's analysis and listen to someone else's words and invest in a coin and lose there, you will feel guilty and regret why you copied their idea. That is why I would say that in trading, always give more priority to your own analysis and always trade based on your own research.

Yes, when we lose there even after guessing, then a lot of people are affected inside us. By doing this, we gradually decide to move back from there. But if we assume this, we have to stand up and move forward for a brighter future. If this happens to you, then we can consider it bad luck and try again. After losing repeatedly in a person's life, he does not leave his destination, later he finds his success. Yes, you said that if we copy the analysis of others and if we face losses there, then we will definitely blame ourselves and later our mental stress will come and we will think why did I copy the analysis of others, maybe I should have tried it myself. So I am going to say that we need the knowledge of others and we also need our own experience, we cannot move forward with investment based only on the knowledge of others, as a result, we will face more losses there.

[Promocodeudo]

I don't have the data but I think it would be safe to assume that people involved in cryptocurrency are more into HODLING rather than trading. We prefer hodling all because we understand well the possible risks in trading, no matter how good its potential to make money. I am not saying though that trading is something we should not get into but for now we prefer hodling as it is more passive and we can choose to forget the coins and tokens we have and just visit them from time to time.

Now, I would be honest that I am actually afraid of trading as I am not yet equipped with the skills and the knowledge as well as the experience that I must go through to be a successful one.

Do you feel the same...or do you think this is NOT the right way to look at trading?

Sincerely am not a trader and I don't think I want to be a trader though I may not say am against people that do trade after all is a personal decision so why will I want to be against, as a person or an individual in the crypto space we should have the reason or goals we are after, we must have a direction and I think my goals is to keep acumulating Bitcoin as much as I can continuously and consistently to keep hodling for a long-term, am not after any short term gain or profit as we may choose to call it, I see traders as people who gamble in and out, just as you said there is more risk in trading than hodling, as a hodler once price drops, your Bitcoin drops but value remains the same if it upsurge in the process you bounce back higher too, you can only lose access to your holdings when you misplace or forget your passphrase, key or password but as a trader, losing is inevitable, I think they difference is now clear which way to follow.

[jeraldskie11]

It is impossible for a trader to be confident if he doesn't know that the strategy he is going to use in trading is good. Maybe there are traders who say that they are confident in their strategy but later on lose all their funds in the trade. When that happens, it just means that they are not really confident. Maybe they feel confident because they have not tried their first couple of trades.

being confident in our trading strategy is the main capital of a trader, because a trader must have good analysis and strategy in order to gain profit.
By always practicing to gain experience will make us become professional traders, but as many people say this takes a long time and we must be patient in doing it by always focusing.

Even if we compare it to real life, when a person is confident in what he is doing, we can say that he really knows what he is doing. Just like in trading, when a trader remains confident even though this week almost all of his trades have lost, it just means that he knows that there are indeed opportunities like this and that he will also recover his losses in the next trades. Of course, he has also proven to himself how to grow his capital.