Topic: Accepting this reality of trading has helped me a lot. - page 2. (Read 712 times)
in fact, people grow by learning from mistakes. Not a single trader gets continuous profits from trading. There will always be failures. What makes the difference is the loss received. However, persistent people will learn from their mistakes, and try new strategies. Sooner or later, this will make someone better at trading.
After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Observation and evaluation in trading are also very necessary. And I do it whether I'm making a profit or whether I'm making a loss. And yes, sometimes some losses also provide valuable experience as learning that is quite expensive that we can get. As long as we can make appropriate observations and evaluations in responding to it. Without it, don't expect to be able to learn from losses or experiences. Because most of them feel hopeless when they lose, instead of starting to look for loopholes that cause us to experience these losses. Those who can recover from defeat and those who can learn from defeat are those who are one step ahead of others. And I also learned a lot from all of it. When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
There’s no perfect traders in the market, all have their fair share of losses before they achieve their current position they are enjoying right now. Acceptance is the key, and always bear in mind that before you succeed in this trading journey, you need to experience those inevitable losses at first that will build your strength and confidence as a trader.
Exactly. I agreed with you that in trading, losses will come first, and even after you master the trading skills, loses can still come. The thing is that in trading, there must be losses because that is how it works. We know that before enjoying something, there must be some situation that we get into, which is also part of the hustle, and in trading, those situations are the losses you just say in. However, regardless of how knowledgeable you are, you will still lose in trading, but the losses will be minimal compared to when you become a professional trader.
In times of loss, I don’t resort actually into regretting or panicking because I lose some good amount. But instead, I learned from all of them and develop new strategies that will help me improve my trading skills and performance as well. And continue to stay positive that these losses will eventually lead me to my sweet fruit of success, and I’ve never wrong with that because after series of losses, now I’m starting to reap the good profits in trading.
Although panicking is not that issue, the thing is that giving up after the losses, I think, is what affects some people, and their money goes in vain. They lose, and when they see they keep on losing, they give up because they can’t afford to keep on learning the whole process of trading. So now that you didn’t give up, you continue pushing, and now you have mastered the trading. Though I know that it is not easy for someone to be successful in trading; it takes a long time to learn before it happens.
After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
No matter how successful a trader is, no one likes losses, whenever there is a loss, there is a little sadness and a little regression that maybe it was not the right time to trade, no matter how experienced one is, such annihilation is natural. But after being in this market for years, the losses seem to be the same as the gains. Yes, while doing DCA I save some money for later, when the market goes down, I buy more little by little with the hope and belief that the market will go up.When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
Rest, I think everyone must have their own perceptions who are new in the market and may not think in the same way as the old people in the market because they are still new in the market and their experiences are also new. It is very bearable to face a loss in a place and at the same time, and soon a person cannot understand that this is a loss of some time, it will turn into a profit and double later.
After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
It's true and right what you say here, op. As long as you don't forget that while you're doing trading, you shouldn't stop learning here. Be an empty cup; just always absorb what you teach or discover your trading knowledge because this will push you to rise and move forward in life.
And what others have said here is also correct: there are no perfect traders. Remember that trading is not easy to understand, but once you know how to make a profit here, you will definitely be able to make a profit in the crypto space anytime. .
Correct. But trading is not easy to handle. Frist thing we know about the trading process. It not easy to get profit. Time and follow-up is important for the trading process. It any time to change the price. So don't lose you hop and wait for the market prices increase. Then time to sell and buy the trading process.
Agree friend, if people say "experience is very expensive and cannot be replaced". All jobs that involve money definitely have risks. That almost all we feel in trading, in my opinion it just a normal thing. For me, must be important is how do we cover losses with recovery or earn profits from crypto with shorty.
I am no longer actively trading but whenever I lose, I get back as quick as I can but you know what happens next, another set of losses come to me.
What one active trader must do is what OP said and that's right, to review your losses and trying to skip your trades for the moment isn't going to give you much loss.
That will clear your mind and will give you a better space to think for your next trades.
What one active trader must do is what OP said and that's right, to review your losses and trying to skip your trades for the moment isn't going to give you much loss.
That will clear your mind and will give you a better space to think for your next trades.
Very true lose is part of the game but this doesn't mean one should be so relaxed and be okay with having loses. In trading it is normal that one will experience both loses and gains but it is very good when one tries to learn trading very well to reduce the lose in trading. It is important to accept loses and it should also be a motivation to learn trading more.loses can be reduced if traders are willing to learn more about trading .
After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Understanding that losses are part of the trading process is a big lesson, in fact the most important lesson to learn as a trader. Such realisation helps you guide your decision making because you will always have it in mind that nothing is guaranteed in trading. When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
The best of strategies are not 100% win rate and anyone who promises or claim to have such a win rate is a scammer. A win rate of at least 60% should be the target of every trader provided the risk to reward ratio is 1:3 and upward. With this the trader is on his way to enjoying a life of affluence.
Yes, you do the right thing to checked your traded and trying to learn and not makes the mistake in the future. I agree with what you do because that will helps us to know the mistake and learn to fix that. We will difficult to have a 100% profit rate because the market is fluctuating and hard to analyze, especially if we don't have good skills in trading.
But if you still learns more about trading, you will see that your skill improves so you can analyze the market and finds the right coin. It needs time before you can posses a better skills to trade but if you don't stops from learning more and more, you will hae that skills.
I also stop my trade for a while and check what I have done. I know that something wrong with my analysis so I needs to find how to fix it. Usually, I leave the market to calm down myself from the lost feeling in trading and that helped me to make myself better. I will return to the market when everything is normal and I can analyze better.
But if you still learns more about trading, you will see that your skill improves so you can analyze the market and finds the right coin. It needs time before you can posses a better skills to trade but if you don't stops from learning more and more, you will hae that skills.
I also stop my trade for a while and check what I have done. I know that something wrong with my analysis so I needs to find how to fix it. Usually, I leave the market to calm down myself from the lost feeling in trading and that helped me to make myself better. I will return to the market when everything is normal and I can analyze better.
That is true, if you suffer losses even if it is not a heavy one, try to re-visit such mistake and check what went wrong in that trade. You may not do it right away because you may be emotional about it because of the loss, but try to face this situation in order for you to gain better insights the next time you execute your trade.
When it comes to crypto market, you will find out that each project is unique and they usually don't follow what you have learned about TAs and all those analyses. Most of the time, you need common sense for what you are seeing and reading about the project. Hints that you can get from their social media channels will actually give you better clues on where they are heading at.
What do you do when you take a loss?
I am not an active bitcoin trader, so i cannot talk about losses in this perspective. That being said, losses are somewhat inevitable, anyway if you are losing so much, far more than what you are gaining, do not be under the illusion that you are in a process, that process might lead to to bankruptcy. It is a wise move to know when trading isn't for you, you should be able to know when to stop, hodling is a better alternative for a lot of people, but they lose so much money in trading that they fall out of the network due to frustration. legendary
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Well, perfectly said, loses are completely part of trading, it's absolutely just as normal as making profit in trading, well experienced and professional traders understands this well enough and do not try to shy away from it, loses most of the time are a way to learn new things, new approaches, that is, new ways to approach the market that will guarantee a good percentage of profit making.When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
It is Important we all understand that trading is just like any other business out there, there are no business any where where there are never loses, if any of such business exists, trust that visually every one around the world will be doing that business, and we all also know what will happen when everyone in the world get into doing the same business, there will be no customers, and the end result will be what? Loss.
Yeah, traders, just like it is with gambling, should learn to embrace losses, rather the reject, a loss can be very valuable at time, when we value it enough to study it well, it could be the door opener to a much greater profit we did never imagined.
Yes, you do the right thing to checked your traded and trying to learn and not makes the mistake in the future. I agree with what you do because that will helps us to know the mistake and learn to fix that. We will difficult to have a 100% profit rate because the market is fluctuating and hard to analyze, especially if we don't have good skills in trading.
But if you still learns more about trading, you will see that your skill improves so you can analyze the market and finds the right coin. It needs time before you can posses a better skills to trade but if you don't stops from learning more and more, you will hae that skills.
I also stop my trade for a while and check what I have done. I know that something wrong with my analysis so I needs to find how to fix it. Usually, I leave the market to calm down myself from the lost feeling in trading and that helped me to make myself better. I will return to the market when everything is normal and I can analyze better.
But if you still learns more about trading, you will see that your skill improves so you can analyze the market and finds the right coin. It needs time before you can posses a better skills to trade but if you don't stops from learning more and more, you will hae that skills.
I also stop my trade for a while and check what I have done. I know that something wrong with my analysis so I needs to find how to fix it. Usually, I leave the market to calm down myself from the lost feeling in trading and that helped me to make myself better. I will return to the market when everything is normal and I can analyze better.
The fact to take home is that crypto trading is hard and a trader that is experiencing constant loses for over a period of two years should consider quitting. They're better off investing in Bitcoin which is very safe provided the investor has a long term plan, all he needs do is accumulate and hodl till every bull run to increase his ROI. Newbies always make the mistake of thinking that crypto trading is a get rich quick scheme because of what they hear about it on social media, they'll enter without acquiring sufficient knowledge and lose all their trading funds.
Newbies aren't ready to accept any reality as they think they can make quick profits when they start trading, many of them don't practice trading first before they put money in the live market but they just jump right into trading. Losing for a period of two years is too much, the amount of money that would had been lost by then will be too much. Why don't they just stop after 2 to 3 months of not having profits. If they can invest that money in Bitcoin and hold for 2 years it'll be better.
Someone who is completely new to the trading market should always (!) use paper trades for at least 3-6 months before investing any real money (including very small positions). Otherwise, you (and your money) will be burned in no time simply because you dont know markets at all and dont understand how you react in difficult situations, eg. when a trade starts to lose.
A side note for experienced trades which are coming from other markets: The crypto market itself isnt that different from other markets like Forex on a daily basis, so if someone trades in lower timeframes (eg. 30m, 1 hour, ...) there shouldnt be any difference. What should be considered though is, that major swings happen from time to time and are often news related. You cant forecast such swings but they carry the potential to ruin your trades, even on lower timeframes.
The fact to take home is that crypto trading is hard and a trader that is experiencing constant loses for over a period of two years should consider quitting. They're better off investing in Bitcoin which is very safe provided the investor has a long term plan, all he needs do is accumulate and hodl till every bull run to increase his ROI. Newbies always make the mistake of thinking that crypto trading is a get rich quick scheme because of what they hear about it on social media, they'll enter without acquiring sufficient knowledge and lose all their trading funds.
Newbies aren't ready to accept any reality as they think they can make quick profits when they start trading, many of them don't practice trading first before they put money in the live market but they just jump right into trading. Losing for a period of two years is too much, the amount of money that would had been lost by then will be too much. Why don't they just stop after 2 to 3 months of not having profits. If they can invest that money in Bitcoin and hold for 2 years it'll be better. You don't have to be trading as everybody wants to be doing as there are many things you can do to make money with cryptocurrency. You can consider staking or mining if trading isn't giving you money. Don't be blinded by the reason you don't want to give up. You can have other ways you can be making money than to be losing money always. Alot of individuals are going to lose everything just as they don't learn from others mistakes.
Accepting this reality of trading has helped me a lot
Accepting loss it is really part of trading process, its simply loss can guide you to better you i mean you can learn from it and can do better, you can minimize loss in the future or even avoid it. But as part of the process you might hurt to see negative pnl and etc
Accepting loss it is really part of trading process, its simply loss can guide you to better you i mean you can learn from it and can do better, you can minimize loss in the future or even avoid it. But as part of the process you might hurt to see negative pnl and etc
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In trading, losses are inevitable. Fear of losing has made a lot of people stop trading, and some people who had an interest in trading decided to kill that interest because of the fear of losing their money. There is no professional trader who has been trading without losing; they only learned how to maximize profits and minimize losses, but they keep riding with the best trading strategy they have developed to help them minimize lose.
Although it's not everyone that can trade, some people like to handle trading as gambling because they cannot determine the movement of the asset they are trading, and some people can get emotional while trading, which can make them develop revengeful trading habits that can make them lose some money.
No one gets to trade successfully and gain profits if they don't witness losing their capital at first. That's how hard and risky trading is, that not everyone who risks in trading will end up profitable and making significant profits. Some even didn't start at all because of their fear to lose, and for sure they won't dare to experience massive profits in the future because they fail to manage their fears and risks when trading.Although it's not everyone that can trade, some people like to handle trading as gambling because they cannot determine the movement of the asset they are trading, and some people can get emotional while trading, which can make them develop revengeful trading habits that can make them lose some money.
However, if you know how to accept that losses are inevitable in trading, and you have to take calculated risks to win on it, then trading will be a lot easier even for beginner traders.
Yes, even the professional traders who make a living out of trading do experience losses most of the time. I know a few friends who are much more professional traders than myself; if it comes to trading, I cannot compete with them but still encounter losses. In trading, one has to kill their fear of losing, but before then, you have to learn strategies that can help you maximize profits. Trading has principles that a trader needs to learn from other experienced traders and also practice on the demo account.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Not much different from you, both beginners and professional traders must evaluate their strategies when they experience losses.a) review the trade
b) learn from my loss
What do you do when you take a loss?
Every process in trading that is carried out continuously will provide satisfactory results. Make yourself a trader who is able to learn from losses and then evaluate every step you take, experiment with various methods to find a technique that you think is effective enough. Crypto trading is volatile, there will be many new methods to adapt to market conditions.
It is important to remember that being a trader is not easy, in fact I have a friend who has been involved in the world of crypto trading for years and feels bored because as a trader he is required to constantly pay attention to market movements, the latest news and speculation that affects prices.
I do not want to repeat myself again. Let me post what I posted on the other forum. This is it:
Some people supposed not to just trade because trading can make them regret in life with significant losses. If someone has been losing for a long period of time, the person should just quit trading.
The fact to take home is that crypto trading is hard and a trader that is experiencing constant loses for over a period of two years should consider quitting. They're better off investing in Bitcoin which is very safe provided the investor has a long term plan, all he needs do is accumulate and hodl till every bull run to increase his ROI. Newbies always make the mistake of thinking that crypto trading is a get rich quick scheme because of what they hear about it on social media, they'll enter without acquiring sufficient knowledge and lose all their trading funds. It's important to understand fundamental and technical analysis, learn different trading strategies to minimize loses in trading.Quote
If you are losing for some days. You can learn how not to lose more than win.
If you have been losing more than win for months, you can continue to learn more about the strategies to win than lose.
If you have been losing for more than 2 years. That means it is high time to quit trading.
One thing that is most important about trading is to not use more than the amount of money that you can afford to lose for trading.
If you have been losing more than win for months, you can continue to learn more about the strategies to win than lose.
If you have been losing for more than 2 years. That means it is high time to quit trading.
One thing that is most important about trading is to not use more than the amount of money that you can afford to lose for trading.
Some people supposed not to just trade because trading can make them regret in life with significant losses. If someone has been losing for a long period of time, the person should just quit trading.
Im not saying that Bitcoin is shit to hold but always be considerate about the risks involved because this would really be the primary thing on which you would really be needing to realize on, on the moment or time
that you do make out investment here on crypto space. This is why it would really be that recommended that you should really be having that risks management and this is something that you would really be needing.
Taking up some realistic approach is much better rather than on making yourself that delusional and this is something which is more better rather than on being too hopeful.
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