We have seen many traders who are feeling fear while trading. Many trader asked that question from to their mentor, how to overcome the fear of loss in trading. Overcoming trading is the most important part of life. If you don’t control your fear while trading you can lose some of the capital.
Often I have seen new traders making this mistake. Whenever they land in the market, they start considering themselves a successful trader, resulting in huge losses without controlling their positions in the market. After that, they start getting scared and that fear settles in their mind. So we are going to learn how to control fear in the market.
If you can’t control your fear while trading. That is not a good thing for any trader. I have seen many traders who can’t control fear while trading and lose too much capital. Trading is not hard but we make it hard with our fear and using wrong analysis.
Table of Contents
Follow the proper rules in the market
To control your fear, you should always follow the rules of the trading just as we follow the road and traffic rules while driving a car on the road. In the same way, we should follow all the rules and conditions of trading.
Your rules can be anything. Such as trading on trendlines, you were trading on candlesticks, and trading with the help of any indicator. Just define your rules first, after landing in the trading business. If you don’t have proper management with the rules, maybe you lose your confidence.
If a trader follows his rule, the fear of losing will disappear soon and the trader will be pro in some time. Fear doesn’t grow a trader, every time, a trader lives in fear of loss. So that’s why trader must follow their rules to grow more and overcome the fear.
Keep a winning attitude in your subconscious mind
If you think you are a trader, then you are. If you think you are a loser, you are. If you put it I’m a loose maker trader the subconscious mind grows it in your mind you are a loose maker trader. It would help if you thought always I’m a successful trader. I’m the best trader in the world. You will be like that because your subconscious mind works on your thoughts
Sometimes you have seen the profit of other traders and your subconscious mind takes it in and starts working on, how you can make money like those traders. It is your responsibility how you think. If you are thinking I’m a noob, I can’t do anything. The subconscious mind thinks like that.
The subconscious mind plays a main role in the trading sector. If you are trading with the subconscious mind you will be a trader soon. But it would help if you thought day and night like, I’m a trader and I can do anything with the help of the subconscious mind.
Trade with full confidence to overcome your fear
If you are losing every day, and not creating any assets or profit in the market. You must not lose your confidence because if you lose your confidence in the market. You will never get up, so you must trade with your confidence.
Often many traders lose their confidence in the trading. Because they are suffering from the loss. Whenever you do trade you should have confidence I’m a pro trader and I know how to make money from the stock market.
If you want to improve your confidence in trading. You must develop your trading plan before taking any trade. Traders know very well a perfect training plan is a road map toward a pro trader. If your prospects are clear you will feel confident in the market.
Create A proper trading plan
Trading without a plan is blind. If you don’t have a proper plan to do trade, you are never a pro trader. In the plan, everything is written perfectly. You can with those things that are written on the paper. A plan is the foundation of a trader. If a trader is doing trade without a plan, the trader will not survive for a long time.
In your trading plan, you must know what you want from the market. If you don’t have a goal then your plan is baseless. While setting up your goals you must put some light on risk management. Without risk management, you can’t survive for a long time. Because you lose your money if you don’t have proper risk management.
You must identify in which script you want to trade ( Stocks, forex market, mcx market, and cryptocurrencies) after selecting this you must choose a time frame that gives you more clarity to technical analysis. In the trading plan, you should consider your position size.
Do trade consistently
Consistency is key to success in every business even trading. Spouse you want to build a house, you consider on foundation of the house to stand it for a long time. In the same way, consistency builds that foundation for your success.
If you are suffering from a loss you should trade continually. After some time you will become a trader because you have not given up. Some of the traders stop trading spending some time in the market. They are not focused on the regular process. They focus on profit or loss.
On the other hand, some traders are still suffering huge losses and learning something every day regularly. Even last day trader has booked loss or profit. Those types of traders just rely on process, not on circumstances. Circumstances can change according to market conditions but are not changed by your emotions.
You have heard the saying that drop by drop fills the ocean, similarly now if you do one trade continuously in the market, then one day you will become such a trader that no one else has been able to become. So now it is up to you to make your trades successful. Will you do it continuously or occasionally?
Trade with a positive attitude
There are ups and downs in the market, similarly, the trader also has to go through an ups and downs process. While doing the trading sometimes the trader loses his capital and sometimes he increases his capital so much that it becomes difficult for him to manage.
Whenever the market goes against the trader, he should not change his attitude towards the time trade in any way. Traders should understand that this is a good opportunity for them to learn something new in the market. Because the market has a new lesson every time, every moment. That will help you to overcome fear while trading.
We must accept that the market is unpredictable, we cannot predict the market in any way. But if we stay within it with a positive attitude, we can do a lot in the market. Such as overcoming your losses, controlling your emotions, and learning something new from your mistakes. All this is always possible only with a positive attitude
