Fear of failure in trading

Fear of failure in trading

This question was sent to me by one of our students: What if you can not help but you're really afraid to fail as a trader. You put so much in their desire to trade. You have a wall full of books. You can accomplish most of your money. You dare not now, but you are afraid you will. How to deal with your fear of failure?

How you think and how you approach life affects how you approach trading. If you are extremely frightened, you will not be willing to take risks. The end result of this is that it can not be afraid to put the trade. Your expectations, whether consciously or unconsciously, have a strong impact on your trading performance.

As retailers are facing many common fears. We are afraid of being wrong. We fear losing money. One of the biggest fears that the missing trade. Some of us are afraid we are leaving money on the table. They are all different sides of the same box - fear of failure.

So how to deal with the fear of failure? We must recognize the fundamental assumptions that underlie fear and fight against them.

Generally, rather than face to face with our fears, we avoid dealing with them. One could deny their existence. However, it may be useful to identify only our false assumptions and change them. When we change our assumptions, we really are changing.

We need to know what causes the fear of failure. Some of us feel that it must be thoroughly competent, adequate, and achieving. But the truth is that there must be. Held belief creates fear and anxiety. If you are a trader, fear and anxiety can produce indecision and self-doubt.

Traders who believe they must be competent to spend their time worrying about what they did wrong, what can go wrong, and how they will recover to fail. They are, in fact, distracted by his thoughts.

You can not afford to allow fear of failure interfere with your trading success. You do not have to be perfect. Like every professional trader will tell you, you are going to make mistakes from time to time, and if you are fully immersed in avoiding them, you will be so anxious and fearful that it will make more mistakes. Tell yourself that it is impractical to believe that they must be thoroughly competent. You must be the biggest achiever. Realize that as a trader you can not live up to the standard of perfection. If you strive to be perfect, it can actually lead you to fail a lot trying to avoid.