Comments on: How To Remove Your Fear Of Losing Money When You Place Trades

By: Alvin

Alvin — Sat, 10 Sep 2022 03:26:27 +0000

thank you.

By: Zinnur

Zinnur — Fri, 17 May 2019 14:20:32 +0000

The best lesson. Thanks

By: Благодарность

Благодарность — Fri, 23 Nov 2018 13:04:04 +0000

Thanks Mr. Nial! for your help, excellent article!

By: Jagadish

Jagadish — Tue, 09 Sep 2014 15:45:47 +0000

Thanks for this wonderful article. Everyday when the market starts i would sit there with fear and hopelessness and utter pessimism. One wonderful point you made has drilled itself deep inside my brain. I would like to repeat your words here

“Instead of being fearful of losing your money when trading, embrace the control you have on each trade; a trader has complete control over the risk management of every trade via stop losses and position sizing, [and for more advanced traders, derivatives and hedging mechanisms (not discussed here)]. These risk management tools are your way of being in control of your money/funds, and instead of being “fearful” about losing money, you should feel empowered and confident because you can predetermine how much you are comfortable with potentially losing BEFORE you enter a trade by using these tools.”

This thought has changed my mindset, thanks a lot for this eye opening article. I am feeling very much better now.

By: irfan

irfan — Thu, 27 Mar 2014 15:46:07 +0000

thank you……..

By: Leon

Leon — Thu, 28 Mar 2013 05:49:15 +0000

thank you so much coach.

By: gabstar

gabstar — Sat, 16 Mar 2013 21:47:46 +0000

Thanksfor ur great lesson it is mind changing lesson more grease to ur elbow

By: Andy

Andy — Fri, 15 Feb 2013 19:32:23 +0000

Nial, In your trade table above how did you arrive at an Overall risk reward = 1:175 ?

By: Christou

Christou — Wed, 06 Feb 2013 15:33:05 +0000

Everything you said is so true!!!

By: Nadeem

Nadeem — Thu, 10 Jan 2013 11:43:27 +0000

Hi
Price action is the only real and pure way to trade the market, the price action leads the indicators and indicators don’t lead the market. Price action is a very interesting strategy once you learn it.
Regards,
Nadeem

By: andy

andy — Tue, 08 Jan 2013 17:12:39 +0000

Great writing,Good way to start the year.Keep it up

By: Eve

Eve — Tue, 08 Jan 2013 12:30:04 +0000

Great article; you JUST have to insure yourself (every trade) with good acceptable stop loss. All this NECESSARY “administration”, what are automatical calculation of all things in excel sheet keeps me away from emotions, that mean I am more objective and without fear.

By: Olu

Olu — Tue, 08 Jan 2013 07:51:34 +0000

Prof. Nail,This is a glorious post.I wish you more success.Regards.

By: Norman

Norman — Mon, 07 Jan 2013 23:07:20 +0000

Another great one Nial,always appreciated your risk reward education…….

By: negin

negin — Mon, 07 Jan 2013 12:59:39 +0000

Great article….

By: muhammad

muhammad — Mon, 07 Jan 2013 10:57:07 +0000

I’m so glad I found this website. Niall provides such insightful info. Its really helped my trading. I have seen less losses and greater wins since ditching complicated charts and indicators which I hardly understood.

By: joseph free

joseph free — Mon, 07 Jan 2013 06:17:39 +0000

Dear Nial, thanks for your posts and your great lessons ..sometimes when you trade “in real money” it’s not so easy to see a winning position turn in a losing position .. so it’s not easy to let your trade run till 2 or 3 risk reward …even if you split your trade and close one part at the first profit, when you see a retracement in a winning trade ..fear is there, and sometimes it makes you close your trade before .. have a wonderful 2013

By: Nial Fuller

Nial Fuller — Mon, 07 Jan 2013 00:59:07 +0000

In reply to martinmary.

Martinmary
Hedging could achieved through a variety of mechanisms
the most obvious is buying an option (call or put) to hedge your risk on a directional position.
Email me on the support line for more assistance
Nial

By: martinmary

martinmary — Sun, 06 Jan 2013 20:26:25 +0000

This is really a good and profiting advice to those who do poorly is risk management.please kindly explain HEDGE MECHANISM STUFF.
GOD Bless YOUR HEART

By: Odwa Mazwi

Odwa Mazwi — Sun, 06 Jan 2013 18:10:43 +0000

awesome thanks

By: Tom

Tom — Sun, 06 Jan 2013 11:31:45 +0000

THUMBS UP!

By: Lawrence

Lawrence — Sun, 06 Jan 2013 11:02:13 +0000

THIS IS WONDERFUL, KEEP IT UP.

Thank you Nail.

By: slivester

slivester — Sun, 06 Jan 2013 01:52:56 +0000

thanks master………

By: paulgray22

paulgray22 — Sun, 06 Jan 2013 01:15:34 +0000

Hi thanks again look forward to next weeks pearl. cheers and thanks

By: OBA

OBA — Sun, 06 Jan 2013 00:11:39 +0000

The TRUTH sets free, chains are broken and captivities are loosed. I am free! Thank you Nial. God bless you.

By: Michael

Michael — Sat, 05 Jan 2013 22:50:28 +0000

Real wisdom. Enjoy this article
because there is gold in Nials advice. Literally.

By: Uthayakumar

Uthayakumar — Sat, 05 Jan 2013 21:50:00 +0000

Hi Nail
It’s realy good.Every traders must be know this article.
Realy great one.

Regards
Uthayakumar

By: mike

mike — Sat, 05 Jan 2013 20:50:52 +0000

Great lesson Nial!!! Having a trading plan makes loses easier to accept… wow… what a great reason to have a trading plan, as opposed to so many other people who never really give good, logical reasons to have a trading plan. They only say that you need to have one. Thanks for the simplicity and logic.

By: Flash

Flash — Sat, 05 Jan 2013 16:39:31 +0000

Excellent article there Nial.

By: Sukesh

Sukesh — Sat, 05 Jan 2013 15:42:21 +0000

Thanks for such nice information you provided.

By: Irfan Ahmed

Irfan Ahmed — Sat, 05 Jan 2013 13:54:31 +0000

Good article Nial, thanks a lot

By: raynopssgold

raynopssgold — Sat, 05 Jan 2013 13:10:50 +0000

Another motivated post from our master Nial, kudos sir! :)

By: vasim

vasim — Sat, 05 Jan 2013 10:16:57 +0000

thanks sir

By: Keith Loy

Keith Loy — Sat, 05 Jan 2013 09:43:31 +0000

Great article Nial – This was something I really needed to hear at the moment – thanks!

By: suraj chavan

suraj chavan — Sat, 05 Jan 2013 08:35:15 +0000

THANK YOU FOR THIS LESSON REALLY THIS TYPE’S OF LESSON I NEED IT

By: Pablo

Pablo — Sat, 05 Jan 2013 05:40:34 +0000

Perfect, AGAIN!

By: Mohammed

Mohammed — Sat, 05 Jan 2013 05:15:40 +0000

well for me as part time trader, some time I do catch some of pin bars, and they are good for me. happy with is even though am trading a small amount om money just to take out my fear from my sule :.

good luck traders.

By: Victor Damane

Victor Damane — Sat, 05 Jan 2013 05:09:45 +0000

Excellent article Nial! Armed with a powerful trading strategy like the Price Action plus a Trading Plan(inclusive of an appropriate risk & money management strategy) plus a Trading Journal you really should have nothing to fear. Thanks for a great article once again! You are a star!

By: R.P.Kannapiran

R.P.Kannapiran — Sat, 05 Jan 2013 01:01:29 +0000

this is the best trading article i have read, thank you

By: carlos pedraza

carlos pedraza — Fri, 04 Jan 2013 22:56:23 +0000

I am learning a lot from your articles Nail.God bless you.
Carlos

By: Emeka

Emeka — Fri, 04 Jan 2013 22:30:43 +0000

Hello Nial,
Happy New year.You are in fact my mentor.God Bless you abundantly and more grease to your elbow.Thanks in a million for your wonderful job you are doing by educating,encouraging,enlightening and motivating us.
I say Thank you Thank you and A very Big Thank You.
Please i want you to help me in Gold Trading.I want to know if price action strategy is actually working in Gold chart.
please keep me on track on the best set up for Gold trading.
Thanks and bye my dear.

By: jimoh

jimoh — Fri, 04 Jan 2013 20:41:00 +0000

thanks nial, i have always admire your truthfulness

By: samuel

samuel — Fri, 04 Jan 2013 18:13:08 +0000

If you have a strategy and have mastered it and it is a winning stretegy, you can become bold. Boldness eliminates fear simple. Thanks Nail.

By: Giggs

Giggs — Fri, 04 Jan 2013 17:24:29 +0000

Good tips, thanks.

By: Richy

Richy — Fri, 04 Jan 2013 17:09:30 +0000

What a terrific “fresh start” lesson for 2013. I personally had no idea of the HUGE value of joining ltttm several years ago. All the best as always, Nial….r

By: Kanz

Kanz — Fri, 04 Jan 2013 16:00:48 +0000

Great article, Nial. Before I learn a great method such as Price Action Trading. I experienced many losses but took my stop losses 100% of the time. I don’t lose all the time but because of past experience, I am scarred. Now when I enter trades, fear always linger and until I experience positive equity curve, the fear of losing will remain.

By: Mithun

Mithun — Fri, 04 Jan 2013 14:58:37 +0000

Power of Risk : Reward , a tough thing to execute but once success it is the key !!

By: Barry

Barry — Fri, 04 Jan 2013 14:39:16 +0000

Outstanding article as usual Nial. I would expect nothing less, as your articles are all excellent. This is a great one to start 2013, and certaintly relevant for me.

Your excellent example of showing your loss rate can be greater than your win rate, and yet you can still make money highlights something very important for me, and that is the trading axiom, “Cut your losses short, and let your profits run”.
It seems with fear of losing money, when you do find yourself in a winning trade, I know I often have the urge to take profits prematurely (ie, the market might take it away).

It dawned on me, when I see your examples of 3R win or 4R wins, and I wonder why I don’t get those? Simple, because I don’t allow them to happen!
Hence, your set and forget article!!Set your target and get out of the way!

I must say Nial, you certainly make it difficult for any of us reading your articles to blame anyone or anything except the person staring back at us in the mirror.

All your articles have explained pretty clearly what it is we need to do to be successful in trading.

Thank you very much, and happy new year to everyone,and best of success in 2013.

By: Andrew

Andrew — Fri, 04 Jan 2013 14:00:36 +0000

Thanks for opening my eyes Nial, I didn’t know that you can be successful even with a low wining rate. Its about moving on consistently with your trading at all times. I am grateful.

By: Henry

Henry — Fri, 04 Jan 2013 13:35:39 +0000

Thanks Nial, it’s a great article. I treat losing as a way of preserving capital!