Traders are often told to be 'wary' of fear. To avoid fear. That 'fear' will destroy them as a trader.
That's true. You can never allow fear to immobilize your decision making process. You can never allow fear to cause you to take profits too early.
But the idea that fear will always destroy you as a trader? That's also a false idea.
When is fear a good thing for your trading? When it engenders respect for the markets ...
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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.