What is trading phobia?

Fear is an emotion opposite to greed, and it is the fear of loss. No one wants to lose the hard-earned wealth. For traders, trading is like business, and businessmen know that there is no business without risk. People's fear of trading comes from different sources. It may be that they don't want to repeat the failure of the previous transaction, or they may not want the existing profits to be waived, but they will not achieve great success in the end.

Don't let fear affect your trading plan. Only by overcoming it can you keep a clear mind in trading. If you don't have confidence in your trading system, go back to the simulation to retest, or verify it through a large number of replays, and build confidence. Stick to the trading plan firmly, don't end the transaction early because of fear, set the stop profit and stop loss, and give time to the market. There is also no need to stay in front of the computer all day to watch the market. You can walk away after placing an order, which will help prevent interference caused by emotions.

The failure of a transaction does not mean the failure of a trader, let alone the failure of the trading system. Even professional traders will suffer losses in many cases. Keep the profit-loss ratio above 1.5:1 and establish your own fund management model, which can effectively guarantee the final profit. #BTC