How can fear negatively influence our trading?

There are several types of fears in trading.
Difficult to control, even sometimes for the most experienced, they are the cause of many errors, here are some examples...

Fear of losing money:

When you choose to trade, it is above all to earn money.
Then it only takes one bad series of trades for the fear of losing to become a real obsession.

The impact on our choices is almost immediate and the first errors quickly appear:
For example, positions are cut too early, whether they are winners or losers.

In the case of winning positions, it is because we are so afraid that the price will reverse, that we refer to cutting as quickly as possible in profit. The problem is that very often the price then continues to evolve in the right direction and it is then too late to profit from it.
In the case of winning positions, we cut before the stop is reached, for fear that it will be hit. The disappointment is all the greater when we see that the price grazes the stop and finally sets off again even faster in the initial direction.

It is for the same reason that we place our stop much too close, or that we never leave our comfort zone, thereby limiting the gains that we could generate.

Fear of making mistakes:

When you make a bad decision several times in a row, you end up doubt his strategy.

This is what pushes some beginners to change strategy every 2 days, without taking the time to analyze the situation.
We also begin to doubt his analytical skills. But the market does not necessarily react in a logical manner.
Wanting to find mistakes everywhere is already in itself an error.

When you follow the rules of a proven methodology perfectly, you know you've done everything you could.

The fear of being wrong is sometimes so strong that some people even prefer to trust the analyses of others rather than their own.
But to err is human, and even if you follow the advice of professional analysts, you are just as likely (or rather unlucky) to be wrong. Nobody is perfect.

Fear of missing a signal:

If we look more closely, the fear of missing a signal is quite curious.
It affects impatient beginners more easily than experienced traders who have learned to control themselves in this respect.

A trader in this situation will stay on the lookout in front of his screen to make sure you're there at the right time.
This could be relevant if he trades on M5, but when you are in Daily, constantly scanning the screen is not constructive.
Some also decide to take position a little too early, because the signal is not far away, and they tell themselves that at least they will already be in position.just in case"The price is significantly different.

But the long-awaited signal does not arrive, and they end up losing money.

Fear in trading is therefore a real poison.
This is by far the most dangerous emotion: not only does it cause us to make many mistakes, but it is also at the root of many other emotions, whose stress.

This is why knowing how to control your fear in trading is essential if you want to one day control your trading.