A short YouTube monologue by Kardec Trader (video: "I’ve seen so many traders fail because of this", Oct 25, 2023) that diagnoses trader fear as rooted in two main components—fear of losing money and fear of being wrong—and recommends rigorous preparation and repeated execution as the primary remedy to reduce fear and improve trading performance.
So fear and trading, you need to understand where does the fear stem from? Is it the fear of being wrong, the fear of losing money? Like what is the component of fear? The main two reasons are losing money and essentially being wrong, which go hand in hand. Right? For me it's do as much preparation as you can to reduce the fear amount. And the way you reduce it is by increasing your output on preparation, increasing your confidence and ability in trading or whatever it is you may do. Once your confidence and ability do increase, fear will reduce. Maybe it won't go to zero but it will come down a little bit because you know what you're looking for in the market. You know how to execute. You have done it repeatedly. So that level does go down. But if you, if you haven't prepared at a high level, you're going to, the fear is going to just get more and more.
