EP7: How To Overcome Fear In Trading

Have you ever found yourself on the edge of making a trade, ready to dive in, but an invisible hesitation holds you back? That moment when a past loss haunts your decisions, causing doubt in your decision-making. If you have ever felt that familiar sense of fear, you're not alone.
Join Somesh as he discusses one of the most important aspects of trading psychology: overcoming fear. He discusses how fear influences your trading decisions, shares some underlying causes of this fear, and uncovers some strategies that can help you overcome the fear.
In this episode, Somesh talks about:Understanding the root of trading fear and how it affects your tradesSomesh's personal experience of how his anxiety about trading affected his decisions and resultsSeven strategies to overcome fear in tradingStarting small and building the 3Cs: confidence, consistency, and chain of small winsEducating yourself by watching videos, following traders, and asking questionsPaper trading for a short timeJournalling your trades to identify mistakes and strengths for improvementSetting realistic expectations and goalsJoining a trading community 

Memorable Quotes:
“Trading lets you improve yourself every single day.”
“Understand the previous trades had absolutely no relationship with the moving forward trades... So accept the loss and actually understand that it has nothing to do with the new trade that you’re just about to take.”
“The losses do not mean failure. Losses lead us to step back. Learn, fix, try again.”

Resources:
Somesh S (@kay_capitals) on Instagram
Kay Capitals on YouTube
Somesh (@KayCapitals) on Twitter
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