Fear is an emotion or feeling that arises from a sense of danger. In psychology, fear is considered a negatively colored emotional process. In the animal world, fear is an emotion based on past negative experiences that plays a large role in the survival of an individual.
In a speculative aspect, the fear of opening positions is not the main one, it seems to accumulate in itself several types of more subtle manifestations:
You can't concentrate, due to too much loss in case of failure. This is not a competent definition of the capital with which you are able to work.
Excitement or, in other words, anxiety before opening a position, when there are no good reasons for that.
You change your mind with each next formed candle.
It seems to you that after all the material studied, you are ready to trade, but after you open the chart, you begin to doubt your ideas. This also contributes to the development of an additional “under fear”: -I'll never be able to figure it out.
You have a hard time letting go of losing trades.
FOR EXAMPLE, having analyzed the stop loss, you continue to think about the deal, saying to yourself that “I originally thought so.”
This is natural, it seems to me, to all newcomers to the industry, not having the proper level of competence in the speculative business. Wanting to earn money quickly, they get “moose”, against this background they begin to doubt their actions, gaining self-doubt.
To be clearer, in this chapter I will describe how I felt on my journey to becoming a trading expert. The questions that visited my head during the training period, due to the wrong approach and the usual mood for the new, after the first read section, I realized that I should add an order block to the support line, it would be more reliable. I received losses, but the wrong approach to learning new information completely overshadowed the cup of fear, I did not notice how I had concerns and doubts about the correctness of the choice or my ability to acquire new skills. If we dig even deeper, closer to 2015-16, I was in a very scam mood regarding crypto, every time I had some speculative opportunities, after a successful spin, I instantly removed my resources from the sites so that I would not be scammed. At the time of the birth of the bearish market, I had thoughts that the market had sucked, and at that time it was the only way to close the need for “investment”). Later, new, not fully assimilated information began to mix with the old, the nuclear combination of two approaches to work gave more and more errors, I began to doubt its efficiency, in myself and in general in my involvement in this type of activity.
All this background, caused by the wrong approach, took a lot of time for all the mess from the head to be restructured in the head, and each impulse had its place. More complex problems with this setting had a special approach to eradicate internally.
If this problem was partially covered by the clarity of the information distributed over my head, I understood where and why to go and where there are shortcomings, what to work with, then my gambling state, which drove me into a rage, then tilted and then mutated into fear of sitting down at the terminal completely. The disadvantage found a solution in a short dialogue with myself, I determined that gambling begins at the moment of loss, I wanted to return the loss, but I did not think about what was the causative agent of this. Fear of losing everything, that's what. I was afraid that today is a loss, tomorrow is a loss, after tomorrow and .... And all because there was no work plan - a trading strategy, when you clearly understand at the moment of which to track your states, you understand what affects them. Assuming that your work instruction has a % expectation, then correctly calculated risks will not lead you to the complete liquidation of the deposit. You fix clear boundaries and acceptable losses in your head and accept it. The difficulty is that your deposit is correctly selected.
Some fall under the strong, clear predominance of the perception of capital as units of money rather than interest. When you, conditionally, earn not 1%, but you immediately convert it into a monetary unit and vice versa.