eOvercoming Your Fear of Trading

“Everything You Ever Wanted Is On The Other Side Of Fear“ – George Addair

Fear is a naturally occurring emotional state confronted by just about EVERYONE who engages in trading. Notice I’ve capitalized “everyone” because if you’ve experienced this emotion during your trading session, you are not alone. For some people, fear can be so overwhelming that it actually prevents them from becoming successful traders.

Before we get into the how”, as in how to overcome the fear of trading, let’s talk about fear in terms of the underlying cause: winning or losing. In trading, the aspect of losing money is what gives rise to fear. If there was no risk of losing money, there would be no fear attendant to being a trader.

So now let’s talk about winning and losing. Aside of trading, can you think of any other activities in which there is a winner and a loser? I’ll give a few examples of situations where there’s a winner and a loser:

Football – Baseball – Tennis – Soccer – Race Car Driving – Basketball – Business, etc.

In fact just about everything involves winning and losing. Certainly, in every type of sporting event there is a winner and a loser. That’s what makes it exciting. In fact nearly everything has a competitive aspect. The only way to avoid competition is to do nothing. It’s safe to say that anyone reading this has participated in competitive activities.

In business too, Just as in sports, there is a winner and a loser. For every sale or contract, only one company gets the deal. Salesman especially know that they are engaged in a game of winning and losing.

So now, let’s consider fear and how it relates to winning and losing. Of course, we can throw out “winning” because winning does not give rise to fear. In other words, fear equates to the aspect of losing or being a loser. For traders, that boils down to losing money. In other words losing money or the contemplation of losing money is what causes fear in when trading.

But here’s the thing to realize:

To be a winner means experiencing and managing losses .

All winners have experienced losses all throughout their careers: Tom Watson, Mickey Mantle, Reggie Jackson, Tiger Woods, Roger Federer, Tom Brady, Eli Manning, LeBron James, Michael Jordan, Stephen Curry, Phil Mickelson, Jack Nicholson, Cristiano Ronaldo, Lionel Messi.

Don’t you think these people also 

Every one of these famous athletes rose to the top of their fields despite taking losses from time to time. Put another way, winning and losing are two sides of the same coin and you can’t “play the game” (participate/compete) without having winners AND losers.

In other words, it’s axiomatic that the only way to win is also to expect to lose (from time to time, of course). 

Learn a skill that will enable you to make money for the rest of your life. Learn to trade! Yes, trading can be learned, like anything else, except that it’s the most valuable skill of all, because it can support a person forever, without depending on a job or  a paycheck. Make enough money in just a few hours a day to live comfortably. Become financially independent and live without fear of running out of money.

Let me show you how to lose your fear of running out of money by learning how to trade. YOU CAN LEARN THIS SKILL. I’ve made a video that explains why trading is the most VALUABLE skill you can ever learn. Also, subscribe to my mailing list to learn more about my course, “Trading Mastery For Financial Freedom” at timelessdollar.com. Simply click the button.