The fear of making mistakes

Trading and investing requires a number of knowledges and abilities, but on the way to learning what trading and investing is, people often run into a great obstacle: the fear of making mistakes.

The fear of being wrong:

People who are just starting out in trading make the mistake of being afraid of being wrong, and this is a mistake because how much it limits their ability to learn.

Of course, the fact of not wanting to be wrong is understandable, nobody likes to be wrong, and much less if such a mistake costs money.

But all learning that we human beings do from our birth requires experimentation, and in that experimentation, erring and getting it right are two sides of the same coin. For example, when we were little, in order to learn to walk we had to try many times, hand in hand with adults, and in that learning, we fell many times until we finally learned to walk on our own. The same happens with everything in life, even with trading and investing.

Many think it's a shame to be wrong

But making mistakes is not a shame, instead, not trying is a shame. Anyone who is wrong is because at least he is trying to do something different, he is trying to learn, and of course he is paying the price of learning.

Because everything in life has its price, and mistakes are the price we pay to learn something. So if we make a mistake when trading or investing, it does not matter, we get up, shake the dust and move on, yes, much wiser than before.

Because it is one thing to know that mistakes are made when learning, and quite another thing is not to learn from the mistakes we make. Ideally, we must learn from the mistakes we make so that, as far as possible, we don't make them again.

So...

Making mistakes in trading and investing is a privilege.

Because it means that we are learning something new and that learning is costing us something, therefore, those mistakes are the cost of learning what is necessary to be profitable traders and investors in the future.

Once we have learned from these mistakes, we will not make them anymore and then we will start to win big, because our understanding of the markets will be deep and complex.

Of course, making mistakes while trading and investing also means that we will lose money, but that money will have been well worth it, because it will also have taught us what proper capital management means.

But...

What happens when we don't have money to make mistakes while we learn

In trading, some exchanges have the so-called “Demo Accounts” that are accounts that allow their users to practice with fictitious money with which they can learn the dynamics of operating in the markets without risking losing money.

Another good alternative to trade on the same way is the analysis TradingView platform, which also offers this option. You can also use the MetaTrader5 software with a demo account, for the same purpose of doing hypothetical trades, with unreal money, that help you understand how to trade the markets.

The fact is that there are many good options to learn to trade and invest without risking real capital from the beginning, we just have to look a little online to find many good alternatives in this regard.

Even so, something that we will also learn over time is that there is not (nor will there ever be) a trader who wins 100% of its operations in the markets, no matter how much it has learned and no matter how good it is. And this is due the markets (and especially those of cryptocurrencies) are very volatile, which is why traders are always in constant learning, constantly observing what is happening in the crypto asset markets in order to take advantage of the best available opportunities to earn money.

Such wisdom, such humility, such adaptability and learning level, is what mistakes in trading and invest teach us.

So, see you another time!

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