This question was sent to me from one of our students: What if you can’t help it, but you are really afraid to fail as a trader. You have put so much into your desire to trade. You have a wall full of books. You have invested most of your money. You don’t dare fail now, but you fear you will. How do you deal with your fear of failing?
How you think and how you approach life affects how you approach trading. If you are extremely fearful, you are not going to be willing to take risks. The ultimate result of this is that you may be afraid to put on a trade. Your expectations, whether conscious or unconscious, have a powerful influence on your trading performance.
As traders we face many common fears. We are afraid of being wrong. We fear losing money. One of the greatest fears is that of missing a trade. Some of us are afraid we are leaving money on the table. All of these are different sides of the same box – fear of failure.
So how do we handle fear of failure? We have to rec