NexusFi: Find Your Edge

Home Menu


Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now, It is Free
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Overcoming the Fear of Losing

Discussion in Psychology and Money Management

      Top Posters
    1. looks_one Anagami with 5 posts (11 thanks)
    2. looks_two chipwitch with 3 posts (12 thanks)
    3. looks_3 glennts with 3 posts (10 thanks)
    4. looks_4 OccamsRazorTrader with 3 posts (8 thanks)
      Best Posters
    1. looks_one ZviTradingCoach with 18 thanks per post
    2. looks_two chipwitch with 4 thanks per post
    3. looks_3 glennts with 3.3 thanks per post
    4. looks_4 Anagami with 2.2 thanks per post
    1. trending_up 5,787 views
    2. thumb_up 124 thanks given
    3. group 20 followers
    1. forum 33 posts
    2. attach_file 2 attachments

Search this Thread

Overcoming the Fear of Losing

(login for full post details)
  #31 (permalink)
Posts: 376 since Dec 2016
Thanks Given: 338
Thanks Received: 240

Shlekht View Post
Hey all,

I don't know how common this is but my problem so far seems to be fear of entering a trade. I'm relatively new to trading and trade NQ and ES using Market Profile. I've been researching and watching the charts using market profile/orderflow for the better part of a year now and it feels like I'm finally getting a good grasp on how the market moves and what clues I can decipher from MGI. However when I see a setup developing I really struggle with entering the trade. This fear of losing just paralyzes me and I find myself in a loop of "what if's" that prevent me from taking setups that I like and that fit my plan.

I know the main reason people have fear in trading is that they are trading with money they CANT afford to lose. I can afford to lose the money in my account. Trading isn't my main source of income, I started trading because markets genuinely interest me and I guess you could call it a hobby of mine that I hope to develop over time. I have money saved up and have low expenses in life right now so losing the money isn't my issue. Scaling down to micros seems logical but even then I still have anxiety entering a trade. So far I've thought of two solutions that might help this "trader anxiety".

1. Trade using a funded trader program. I really would rather not do this as it seems the rules for all these funded combines are meant to keep you paying a monthly subscription for as long as possible. However the benefits of having my max loss be a monthly subscription might be what I need to help get over my fear of losing in the market.

2. See a psychologist. This one was speculative and I'm not sure how viable it is but maybe a psychologist could help me get to the bottom of my fear of losing.

I was wondering if any more experienced traders have gone through the same struggles I am right now and what helped you hurdle the mental roadblock that I am dealing with right now. Any insight would be greatly appreciated!

Hello Shlekht,

I will try to offer some advice here, but keep in my mind my words may not mean anything at all because I am on my 4th year in the trading journey and have not had more than about 4 months consistent profits and that has only been in SIM. So please keep that in mind.

I think to control fear we must be simple and practical and do the following:

1. Trade in SIM until you are consistently profitable for 1 year minimum.

If you can manual (discretionary ) trade for 1 year and you see your account grow, this will be enough skill and confidence to get rid of fear. In addition, this will give you so screen time to develop your skills on trading. Furthermore, this will allow you to write down trading ideas to eventually program into an algo to trade 100% hands free if you choose in the future.

Also, the cost of doing this 1 year exercise will only cost you $0.00 or FREE.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Time and Price Based Horizontal line Indicator - Request
Resources to help learn about diversification of algo po …
Can Dump be caught with Algo Trade
Crypto Futures
Gabriel Grammatidis
Trading Reviews and Vendors
BollingerPro discussion
The Elite Circle

(login for full post details)
  #32 (permalink)
Orlando, FL
Posts: 6 since Jun 2020
Thanks Given: 27
Thanks Received: 0

OccamsRazorTrader View Post
Fear is a good thing .......... it's evolutionary as a protective mechanism. It keeps us away from dangerous cliffs with unstable ledges! It's irrational fear that needs to harnessed and managed. F-E-A-R ... False Expectations Appearing Real. The more I trade my system the less fear I have- the less doubt- the less uncertainty. Some traders talk of sample size- the only way to mimic your back tested results is to get to a large sample size and the way there is to take the trade, it's a must. If you have an edge the only way to exploit that edge is to take the trade, every trade. If you trade a system, discretionarily taking trades is a system killer. Good luck.

Large sample size is between 20 and 25 as seen in the video of Mark Douglas?

Reply With Quote
(login for full post details)
  #33 (permalink)
Fort Myers Florida/USA
Posts: 70 since May 2020
Thanks Given: 43
Thanks Received: 66

miche View Post
Large sample size is between 20 and 25 as seen in the video of Mark Douglas?

I'm not sure you can put an absolute number on it- but I would think most back tests would be greater then that, depending on the look back period.

I trade a shorter term system with a hold time less then 10 days, I would have a sample size of more than that across markets in about a month .........

Reply With Quote
The following user says Thank You to OccamsRazorTrader for this post:
(login for full post details)
  #34 (permalink)
Seattle, Washington USA
Posts: 8 since Apr 2022
Thanks Given: 0
Thanks Received: 0

just trade with money your okay with losing

Reply With Quote

Last Updated on June 28, 2022

© 2023 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts