Do you still get fear in a trade?

[Trader Curt]

You should try trading crypto. It will wear you out so bad you will turn into an alien

 

[tiddlywinks]

If you get fear in a trade then you trade too much size, or you trade too infrequent or you are not consistent enough.

Trade size and frequency can easily be adapted, but if your problem is (lack of) consistency, then it will take time and work to fix it.

I understand where you are coming from but it's likely a little simpler than that...

Barring one-off rarities like the exchange going dark, there are only 2 results possible with any trade... you will exit with a net profit, or you will exit with a pre-determined (by you), reasonable net loss.

Not having an exit plan or doubting ability to adhere to the exit plan are more common issues, I think.

The first question to be answered before entering a trade is not about where to enter. It is all about where to exit.

Trade On!

 

[traider]

No because elite traders don't lose

 

[deaddog]

I havent been trading for long but I had heard that fear can be a great asset to someone when trading and confidence can at times blow up your account.

How true do you find this statement to be ? Thank you

Zurich Axiom:
Major Axiom 1 - Risk
Worry is not a sickness but a sign of health. If you’re
not worried, you are not risking enough

 

[TrailerParkTed]

I havent been trading for long but I had heard that fear can be a great asset to someone when trading and confidence can at times blow up your account.

How true do you find this statement to be ? Thank you

If you’re trading too big, jumped in on a late Meme or using money you can’t afford to loose, than fear is normal outcome.

 

[TrailerParkTed]

Example in ORPH now, bought at $33 during about two halts ago. 500 shares its at $64 now. Getting a little nervous because it’s pure gambling now. Have a limit order to sell at $68 guarantee’s catching the Consolation open. Maybe this is a bad example?

Edited: Gambling stocks make me nervous but not scared. Just position yourself comfortable.

 

[TimtheEnchanter]

I think one should be void of both, thus trade small size that it allows you to sleep and do not mind your position either way. I admit I fear large positions overnight (not intraday) but fear and overconfidence are both bad. Look at it this way, isn't algo trading perfect for this reason alone?

 

[TrailerParkTed]

Example in ORPH now, bought at $33 during about two halts ago. 500 shares its at $64 now. Getting a little nervous because it’s pure gambling now. Have a limit order to sell at $68 guarantee’s catching the Consolation open. Maybe this is a bad example?

Edited: Gambling stocks make me nervous but not scared. Just position yourself comfortable.

Out at $77.00 feeling better. You will get the fear under control with risk management and small size to start.

 

[tayte]

Fear often results from a lack of knowledge. If you put on a trade where you know the max loss possible, know exactly how to determine whether you re right or wrong at some point, thereby knowing when to take profit or get the f out; i dont see how fear plays into this.

 

[GotherL]

I had heard that fear can be a great asset to someone when trading.

You sure you didn't get that from a self-help book on how to conqueror anxiety? Never heard of it. At least, not from a trading standpoint.