Overcoming the Fear of Success

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gw3i1337Full Member
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#1Mar 3, 2017, 02:16 PM
This is a big issue for a lot of traders today. Many average traders with some experience often deal with this fear of actually succeeding. It's common for them to think things like, "What if one bad trade wipes me out?" This leads to stress and anxiety, leaving them worried about starting from scratch. A lot of this comes from fear. They let it take control and it messes with their ability to make predictions about their trades. And it’s not just traders who feel this way; lots of average business owners deal with the same thing, known as the fear of success. So, how do I get past this fear? Honestly, I think it’s pretty straightforward to tackle. I recommend picking one day each month where you completely disconnect from your phone and any devices. Go out, enjoy nature, play some sports, or hang out with friends and loved ones without any screens. This approach has really worked for me, but you might find what works for you is different. It can help you see that life is about more than just chasing money and possessions.
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cyberviperFull Member
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#2Mar 3, 2017, 03:49 PM
And later we will regret that we missed the opportunity to take the call or entry in trade, by going out and spending time with family or outside enjoying nature. This is too normal and I have experienced this many times, as I also tried to do the same, whenever I feel the same I always give up on my trades and calls I spend time on Instagram, I watch YT, or a series, I don't go outside as there is nothing to see hehehe. And later I came to realize If I had taken the opportunity I would have made 2x to 10x easily till now, I made many such mistakes but yeah with time I am learning and improving and trying to make more money by not repeating the past and this is how it works for me now, I made mistakes in past learned from them and improved them and now I made profit, and if I am not wrong the only profit I made in this bull run is due to this experience.
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cipher42Full Member
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#3Mar 4, 2017, 07:44 PM
Maybe only you have that weird fear, fear of success. If you want money, you start doing something, you aim at profit, and want to success. If you are fearful of success, just don't start doing these things. You can become a monk, and don't care about money, no fear of financial success of you are a monk. If you are an investor, trader, you want money and profit, and if you have profit from your investment or trading, you are successful.
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paulyieldSenior Member
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#4Mar 5, 2017, 01:04 PM
isn't it more right to call it fear of failing instead? i have plenty of people whether business person or trader that I'm seeing also having this anxiousness but most of them just doesn't consider this a big deal, still causing anxiety but there's nothing they can do so they just don't give that much attention, pretty much in every scenario in every job there's always this case where you'd be anxious if you do something wrong which is pretty normal, now we are talking about trading where the failure impact directly to our financial condition, the anxiety become more apparent, but in my opinion, just ignore it, even if you fail you can just start again, it's not the end of the world though I'm sure it's the end of our wallet .
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p1x3l365Senior Member
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#5Mar 5, 2017, 06:46 PM
Op the title of this your post is better fit to be called " The Fear Of Lost" instead of "the fear of success". No trader actually fears success because succeeding to success is what trading is essentially prioritize on. It's true that the retails or small investors are feared to lost their little amount of funds that's being set upon for their trades in other to make profits out of it and also in that Fomo, when they considers the red market trends, they'd either opt out of trading in the moment we concious traders but regrets it when in the matter of seconds on minutes the market shape was just a mere threats to scar traders away. This is majorly how traders looses their funds because there in the trading market is assumed that traders should follow the the lines either on red of green because you're either buying at low and sells at high or buy at high and sells at low. This is why trading has been more risky than investment. It's also advisable to venture into this market with prepared mindset to may loos or profit so that we can always trading with the spare funds.
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fox_2021Senior Member
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#6Mar 5, 2017, 09:06 PM
Anxiety is a big problem. If you are getting it, it means you are carrying too much risk. In the end sooner or later that anxiety will get the best of you and you’ll make one mistake another. People can’t think straight under stress. That’s why the best investment is the one that makes you sleep well at night. If you are checking your phone at night till morning, it is not worth it anymore. The worst part is, you won’t even make any money. Good sleep is essential, nevee forget that.
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seed2017Full Member
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#7Mar 7, 2017, 04:01 PM
Agreed. Physical well-being => well-being of your mind => well-being of anyone's portfolio.
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CalmLedgerSenior Member
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#8Mar 7, 2017, 06:08 PM
You already suggest a good thing for those who want to overcome their fear. We need to take a rest for a while from trading to calm down our minds and we can refresh our minds. Before you trade you can prepares your money and have a limit how much money you can use to trade in one pair. You need to stick to that until you can make a profit so you can increase your capital to trade. You don't need to fear to fail in trading because as long as you can learn more about trading, you will have a chance to improve your skill and achieve success in trading. Failing in trading is a normal thing because all trader experienced that even with the pro trader. But we must prevents this fear by learning many things related to trading so we can trade with better.
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#9Mar 8, 2017, 01:09 PM
When someone invests and they can't sleep while investing, then it can be concluded that they are not fully ready with the investment they are making. Because when they are truly ready, they will not be disturbed when doing other activities. There are several factors that make them unprepared for investment, one of which is that the money they use is not the money they have prepared for investment. So before investing, it would be better if we make sure that the money used is indeed money that we are ready to hold for a long time, or maybe if it is trading, then we must be prepared for the money to be lost.
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tony_bridgeFull Member
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#10Mar 10, 2017, 12:28 PM
All you do need to do is set out back up plans because if you do able to make money and become that sustainable then it is unlikely that you would be mindful about failing or getting bankrupt or something related to this but if you are really having those doubts or fears then the best approach to this is that you should be setting out those back up plans or actions if ever this one happens and with this then you wont be that making yourself that panicking because you are confident that if this thing ever happens then you do already have the idea on what you should gonna do in compared into those people who arent that prepared on which they will panic out on unexpected things do happen. Thing here is that you do really be able to succeed up yourself if you would be taking up such risks because if you wont really be doing any actions or preparation then there's no progress that you would be able to achieve. What would be your preferred thing? having that taking up such risks on having that possible success or you would really be just that contented on what you do have now and remain poor or average? It all matters with the actions that you would really be taking since not all will be that similar when it comes to mentality and preference.
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coin_2013Member
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#11Mar 10, 2017, 02:22 PM
In fact, many people are afraid of failure. Especially those involved in Trade. This fear makes us think about sudden losses, makes us restless and prevents us from making good decisions. It is very important to take time for yourself to reduce stress. Spending time away from phones and devices, in nature or with loved ones can be a kind of mental break. This will help you clear your mind and realize that life is not only about success and money. There are many other things that make life happy. Thinking this way can help you overcome fear and make better Tradeing and career decisions.
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pixel_cobraFull Member
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#12Mar 10, 2017, 08:35 PM
Remember that fortune favours the bold. You have to be bold in order to win and by the hat you also conquer fear. But not everyone I think are really this bold when they know they are not very capable and are also afraid they'd lost the only capital where they are hanging only in bull season. I'm always watching the market in the weekly chart because they are easy to look at. The simple t uth always lie in this chat which is what goes up also comes down.
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pixel69Full Member
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#13Mar 10, 2017, 10:05 PM
There is nothing to fear about in trading, instead of having fear it is better to seek more understanding that can be able to sustain one in th market. Fear can only be there if only one is not doing the right things in trading. Normally we know trading is risky but it is important to learn trading strategies and understand the principles in trading and tp also know that the trading market is unpredictable which is important for one to trade with amount that one can be able to offered to lose. Another thing that also brings fear to people is when they depend on trading profit as a source of income, of course one will be very nervous about this. It is not advisable for anyone to go into the market with fear, it is just better to equipp yourself by learning all one needs to know about trading and to be able to manage all risk.
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yield21Full Member
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#14Mar 10, 2017, 10:50 PM
I not sure if I have heard this find of fear, I mean why you will not like success though? It's it this is the driving force for traders? and so you go and try to pursuit it in any way you can. Maybe for others it's a fast process and big jump, but for the majority it might be slow. I do agree though that there are more than to life than chasing money, but I do believed that money is important aspects of our life. Just imagine if you don't have, what kind of life you will have? And probably that is one of the biggest mistakes that could have passed on from generation to generation that money is the root of all of evil, but it's not.
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tony69Senior Member
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#15Mar 11, 2017, 04:37 AM
Who do you call the average traders, the newbies or the moderate traders traded for a long time. In all these categories, a trader must at a point have fear of loosing out if he continues trading, true even though he's an expert trader, fear must surely come to him. Truth is that, excessive trading all the time is bad, it's best you take out yourself and feel the world without Internet for some couple of weeks before your fear pushes you into trading with anxiety and depression which is the worst state at which a trader should avoid.
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calmomegaSenior Member
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#16Mar 11, 2017, 05:39 AM
You don't? I reckon trying to overcome it just leads to ignoring it, which leads to making the most dumb ass decisions thinking it was oh so great because the only one stopping you initially before was fear. I'd actually say keep it, learn to acknowledge it, but also learn to know when and when not to submit to it. That's why there's research, learning, studying and the like involved with trading. You combat fear, argue against it with factual data. And it's also the reason why you trade with money you CAN lose. If you didn't want to lose it, then why bother investing. High risk high reward.
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s4t88Full Member
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#17Mar 11, 2017, 06:09 AM
We know that excessiveness in all things has a bad effect, all I can say here is finding the right balance is the key! Have you tried any specific activities during your breaks that you found particularly helpful? IMO, taking some time to rest before overthinking trading can help avoid anxiety, which may result from fear of loss or success.   You should have this mental clarity and overall well-being while in trading, having peace of mind will help you for every trading session you may have.
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0xN0nceSenior Member
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#18Mar 11, 2017, 07:10 AM
You would always have the choice of getting your resources from a respected trader and really studying it. I think that is a great way to consider learning trading and being consistent with it. I do believe that it is right to have a good mindset, not fear it, and make sure that you have conviction when you are trading.
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1t5_omegaHero Member
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#19Mar 11, 2017, 09:45 AM
The problem here is that the OP is playing with money he can't afford to lose, to sum it up in one sentence. If the money you have in your trading account, whether you have deposited it or earned it, causes you anxiety about the possibility of losing it, what you have to do is to withdraw enough money so that the money you have left does not cause you that anxiety. The percentage of traders who lose money in the long term is over 90% and if you have had such good results that you have anxiety about losing what you have earned, you have a double reason: in addition to the above, surely luck has also favored you but it will not always do so. Do not put too much hope in trading unless you have spent a long time, many years, having consistent positive results and having managed your account very well, which includes making withdrawals like the one I've recommended to you.
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mr_satoshiSenior Member
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#20Mar 12, 2017, 06:02 AM
It is a regular fear among almost all successful people to become unsuccessful after enjoying success. The anxiety that this fear has built up in the hearts of many traders and businessmen has made it difficult for some of them to even enjoy their wealth. One thought, however, can actually help defeat this fear, and that thought is the thinking that since you did it the first time, you can do it again even if you lose everything. So if you lose everything and you don't lose yourself, you have actually lost nothing.
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