Separating Fear from Uncertainty

I've read some time ago and now that you mentioned, yes, you're right, it does apply to trading! Nice thinking.

Here are 3 Steps in Dealing with Fear:

1. Embrace fear

Fear is part of human nature and everybody experiences it, so embrace fear and focus on dealing with it.

2. Identify the source of your fear

Did the funny tingling in your tummy come from valid reasons like a break in support and change in market sentiment, or was it just because you had a nightmare about your trade the night before? Learn to identify the good kind of fear from irrational fear so you can focus on acting on it.

3. Use fear to make better trading decisions

Once you pinpoint the source of your fear, make the necessary changes in your trades. This way you have turned your fear into an area of growth and improvement.

As super trading coach Brett Steenbarger says, "Confidence isn't the absence of fear; it's the knowledge that you can perform your best in the face of stress and uncertainty."

So...don't be afraid and apply this strategy in your trading life.

A bit deep. Don't understand.

I personally believe fear comes from the lack of confidence and lack of confidence comes from not knowing the how to. Just become good at the how to, you will give a boost to your confidence and your fear will disappear.
“You can practice shooting eight hours a day but if your technique is
wrong, then all you become is very good at shooting the wrong way.
Get the fundamentals down & the level of everything you do will raise”
Michael Jordan.

I used to fear uncertainty........but now I'm not so sure....

N

The question is: how can one achieve the stage of not having fear of uncertainty. Solution of this problem makes successful traders, enterpreneurs etc.

A strong virtually unshakable belief in an uncertain outcome creates an edge in your favor. The best traders have evolved to the point where they believe, without a shred of doubt or internal conflict, that “anything can happen.” They don’t just suspect that anything can happen or give lip service to the idea. Their belief in uncertainty is so powerful that it actually prevents their minds from associating the “now moment” situation and circumstance with the outcomes of their most recent trades.