FREE DOWNLOAD

The 5-minute mental check-in that helps you focus on the right things in trading and start winning more consistently, even if you are terrible at picking stocks!

Afraid of Trading? How to Be Fearless Buying Your First Stock Share!

Listen to Our Podcast In Your Favorite Platform

In this article, we will explore how to approach stock trading with fearlessness, especially for beginners who might feel apprehensive about entering their first stock position. Overcoming the fear of trading is crucial for success in the stock market.

We will discuss a valuable tip from a coaching session and introduce the concept of the flow channel. Additionally, we will provide a step-by-step guide to help you navigate your first stock trade.

Understanding the Flow Channel

The flow channel, introduced by Mikhail Csikszentmihalyi, helps us understand the relationship between skill level and challenge in trading.

When your skill level is at a mid-level but the challenge is high, anxiety and fear can arise. It is important to match your skill level with the challenge to find yourself in the flow channel, where you can trade with confidence.

Step One: Choose Familiar and Stable Stocks

When starting out, it is advisable to invest in stocks that you are familiar with and can relate to. Opt for stable companies like Facebook, Walmart, Home Depot, or Target. By investing in familiar stocks, you gain a better understanding of their behavior and can make more informed decisions.

Step Two: Assess the Cost of Buying a Single Share

Next, look at the cost of buying one share of the stock you have chosen. For example, let’s consider the price of one share of Lowe’s, which is $223, or one share of Starbucks, which is $98.99. Focus on the cost of a single share rather than the total investment value.

Step Three: Evaluate the Maximum Potential Loss

To overcome fear, it is important to consider the maximum potential loss associated with your position. Imagine if the stock were to go to zero. For instance, if you purchase one share of Starbucks for $98, the maximum loss you would incur is $98. By understanding and accepting the worst-case scenario, you can alleviate anxiety and make more rational decisions.

Step Four: Execute the Trade

Once you have determined your position, confirmed the cost of a single share, and assessed the maximum potential loss, you are ready to execute the trade. Click the confirm and send button to submit your order. Start with a small position, such as one share, to build confidence gradually.

Conclusion

Overcoming fear in stock trading is crucial for success in the market. By following this step-by-step guide, you can approach your first stock trade with confidence. Remember to choose familiar and stable stocks, assess the cost of a single share, evaluate the maximum potential loss, and execute the trade. Trading smaller positions initially allows you to gain experience and build confidence. By implementing these strategies, you can navigate the stock market with greater peace of mind and increase your chances of success.

In this class we will focus at looking at the technicals, learning about charts, how to check for support resistance, strength of the move, indicators, understanding price movements, ABCD patterns, and more! Ready to take your technical analysis to the next level? ​

In this live class, you will learn the right way to trade single options. You will learn how to choose which single options to buy, how to reduce the theta problem, and how to create a rocket strategy to trading single options.

If you wanted to learn the ins and outs to adjusting options, this session will go in detail about how to adjust your options trades. We will cover different ways to adjust, how to adjust, different methods, pros and cons, and what to do as positions go against you.

Ready to Learn Profitable

Strategies to Trade Stocks?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

Then sign up to get our free educational videos!

FREE NEWSLETTER

Get Access to All Secret Files & Libraries for FREE!

To get access to all of my freebies, enter your email below & I will send you a list of all my freebies!

ALL FREEBIES

4575

BUYING OR BUILDING A

TRADING COMPUTER

In this FREE video series we cover exactly what kind of trading computer or workstation you should buy or build. From the number of monitors to the processor and more! 

FREE MINI COURSE

Reaching $1,000,000
in The Stock Market!

Want to see for yourself how long it will take you to reach $1,000,000 based on your personal return? Then download my Excel cheatsheet for FREE to see and play with the numbers!

FREE SPREADSHEET

5 DIFFERENT IRON

CONDOR SETUPS

In this free video, I'll show you 5 powerful iron condor setups & strategies you can use!

FREE VIDEO

FREE 20 MIN CALL WITH SASHA

Want to work with Sasha for 3+ months & learn how to trade options the right way?

DISCOVERY CALL!

To get started, enter your email address and we will send you details on how to book your session!

NEW TO OPTIONS TRADING?

Unlock the World of Trading Options in just 4 Weeks, with our FREE Options Trading

for Beginners Mini Course.

FREE MINI COURSE

HOW TO SELL

OPTION PUTS

Maximize your profits by mastering the art of selling option puts with our free mini course!

FREE MINI COURSE!

How to Trade

Covered Calls

Learn how to make Weekly and Monthly Income by Trading Covered Calls, with our new mini-course!

FREE MINI COURSE!

OPTION TRADING GEEKS CHEATSHEET

Download my options greeks worksheet and I will also send you 6+ other freebies as well!

Enter your email below to get the secret link.

3 POWERFUL OPTION

VERTICAL STRATEGIES

Discover 3 super powerful vertical

strategies & how to set them up!

FREE VIDEO

THINKORSWIM

OPTIONS PLATFORM

Learn to see how I personally use the ThinkorSwim platform to trading options and what are some of the tips and tricks to using this platform efficiently!

VIDEO TRAINING

Top 15 Dividend Stocks for Retirement in 2023

Download our list of the best stocks for retirement. Simply enter your email address below to get the PDF!

HOW TO FIND

HOT STOCKS!

Get the free checklist to help you find

the best stocks to trade, quick & easy!

FREE CHECKLIST

4608

OPTION STRATEGIES

Enter your email address below and get access to our video strategy session on 25+ option strategies and how to set them up!

25