And how to overcome them⦠â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â Good Morning! Deep-rooted fears often act as unseen roadblocks for traders⦠They hold you back and prevent you from realizing your full potential. These fears manifest in various ways, leading to critical trading errors and missed opportunities. Today Iâll dissect these fears, explore their impact, and provide practical solutions to help you overcome these psychological barriers. You still have to do some of the hard work yourself⦠But even recognizing that you fall victim to these fears can sometimes be enough to help you tackle and overcome them. Letâs dive in⦠Four Fears Holding You Back In his book â[Trading in the Zone]( Mark Douglas says that 95% of the trading errors traders are likely to make stem from four fears. The first and most common fear most traders are familiar with is the fear of⦠Missing Out The[fear of missing out]( (FOMO) causes you to get into stocks early before your signal for a trade is a hit, or before a pattern presents itself. It often hits when you see a massive runner and you just want to catch a piece of the move⦠But that can lead to buying the top of a spike, entering a position without a plan, or holding and hoping for more upside when you should just cut a loser. The only way to overcome the fear of missing out is with sheer discipline and self-control. You have to be okay with missing a trade. Thatâs easier to do when you accept that there will always be another trade opportunity. It might not look exactly like the one you want to jump into, but there will be another one. But if you blow up chasing a big runner, you might not be around to take advantage of it. Being Wrong The fear of being wrong is another common problem for new traders. Itâs what causes traders to hold and hope or [add to losers](. They just canât accept that the trade isnât working or doing what they expect. They want to be right and theyâre willing to hold until they are. The problem here is that holding a losing position doesnât make you right. You were wrong, you just havenât accepted that youâre wrong. Either way, youâre losing money. How much you lose is up to you⦠Remember, itâs okay to be wrong, just donât stay wrong. Learn to accept when you're wrong and donât take market moves personally. Just move on to the next trade. Another reason traders hold and hope or add to losers is because they have a fear of⦠Losing Money If you find yourself in losing trades and [struggle to cut losses]( when your stop is hit, youâre probably [scared to lose money](. You might have too big of a size and the loss will be too big for your account size. Or maybe your risk level was too far from your entry and you didnât expect the stock to pull back â [you thought youâd be right]( about the trade... But being wrong and losing money is part of the trading game. Thatâs why you should never trade with money that you canât afford to lose. Start with a small account and [position sizes]( so that when you lose, itâs not hard to cut the loss. After a string of losses, Millionaire trader [Bryce Tuohey]( went down to tiny position sizes and only risked $2 per trade until he gained consistency. Then he [scaled up]( from there. That can help you [build discipline]( to cut losses without emotions about being wrong or losing money creeping in and tempting you to hold. Another big fear for new traders is⦠Leaving Money On The Table New traders think that successful traders are nailing the bottoms and tops of every move â theyâre not. Your goal isnât to be perfect. Have [a trading process and system]( that helps you capture a piece of a volatile move, take your profits when you have them, and move on. Youâre not going to become a millionaire trader with one trade. It takes years of disciplined trades and [small gains]( to grow your account over time. And like I always say, âYou wonât go broke taking profits.â [Get my five tips to manage your profits when in a trade here](. It might feel like youâre the only one who struggles with these fears and emotions⦠Especially when you see other traders sharing screenshots of big gains on social media. But the reality is that emotions hit every trader â you just have to learn how to control them. It might look different for everyone. One way to get help with emotions is to join a trading community. Reach out to other new traders to hold each other accountable and come up with solutions to problems. [You can join one of the best communities I know here](. Iâll see you inside. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored Trading MIRACLE Exposed! With one trading prodigyâs new 64-digit encrypted market breakthrough⦠The ability to unlock Wall Street's most covert money-making machines has never been more attainable. The best part? Itâs showing average gains of 49.03% and a near 93% win rate. [Click here to see the full details on this massive discovery.]( sponsored 7th Richest Man Makes Strange Prediction⦠A groundbreaking tech disruption that the 7th richest man in the world went on record saying will be: â...as revolutionary as the personal computer, the internet, and the mobile phone.â While most people are completely clueless about whatâs going on⦠Thanks to one patented gadget, this company is set to revolutionize a $7 Trillion dollar market and become the largest economic disruption since 1908. In this new documentary this millionaire trader just filmed, youâll learn exactly whatâs going on, and how you can profit from it in the months and years to come⦠[Check it out here]( sponsored ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist]( [Mark Croock Evolved Trader Daily]( Recommended Membership Gifts
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