Moving on to our next lesson in Day Trading - Fear of the Market.
Let me introduce you to one of a few reasons why traders lose money in the market: Fear of the Market. Sounds familiar? There are people out there, perhaps yourself included, who are afraid of the market. Afraid of what might happen if they make the wrong move. Afraid of how much money they may lose. Fear of the market.
So you may be thinking, “Yeah, I’m afraid because I don’t trade in the market. I’ve never even seen the market during live trading! But those guys that sit there trading all day, how can they be afraid? They’re experienced and they know what’s involved. They’re not scared.”
Yet, you couldn’t be more wrong! There are three different types of fear that even an experienced day trader may have.
Let’s talk about the first type of fear; there are traders that are scared to take risks. But what a trader’s got to realize is that this is what the market is all about. Without taking any risks, no one would ever be able to make money in the market! But as long as you know that you’re doing the right thing, there’s no reason to be afraid.
Let me introduce you to one of a few reasons why traders lose money in the market: Fear of the Market. Sounds familiar? There are people out there, perhaps yourself included, who are afraid of the market. Afraid of what might happen if they make the wrong move. Afraid of how much money they may lose. Fear of the market.
So you may be thinking, “Yeah, I’m afraid because I don’t trade in the market. I’ve never even seen the market during live trading! But those guys that sit there trading all day, how can they be afraid? They’re experienced and they know what’s involved. They’re not scared.”
Yet, you couldn’t be more wrong! There are three different types of fear that even an experienced day trader may have.
Let’s talk about the first type of fear; there are traders that are scared to take risks. But what a trader’s got to realize is that this is what the market is all about. Without taking any risks, no one would ever be able to make money in the market! But as long as you know that you’re doing the right thing, there’s no reason to be afraid.
It’s kind of like when you learned how to ride a bike - remember that? Without taking the risk of falling, you would never have learned how to ride that bike! And I’m sure you fell and scraped your knees, perhaps even more than I did. But once you got on and rode all the way down the street, you’ll never forget that feeling of accomplishment. You’ve got to take risks!
If people didn’t take risks, there would never be any advances in technology, or in any field, for that matter. New cures, new developments, new ideas are born through people who are willing to take risks in order to accomplish. You need to take risks to succeed!
Sounds right? Log on to: www.trademarkacademy.com, or visit our newly renovated, state-of-the-art training facilities and learn more about how to begin trading with the professionals.
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