Accepting this reality of trading has helped me a lot. - page 3.

Kelward

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Quote from: Charles-Tim on July 05, 2024, 03:54:10 PM

I do not want to repeat myself again. Let me post what I posted on the other forum. This is it:

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.

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.

internetional

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I use quite complicated trading strategies with lots of hedges, and I know two types of losses: predicted ones and unpredicted ones.

If I realised that under specific market conditions my trade should result in loss, and the conditions are present, I don't pay attention to such loss.

But if the loss was not expected, I stop trading, close all the positions and start investigating what wasn't taken into account. Because it's too dangerous to continue using a strategy which can bring in unexpected losses.

By the way, the refusal from the strategy may cause even more loss while closing the existing positions. This is the third type of loss: the hardest one.

slaman29

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Quote from: uswa56 on July 07, 2024, 02:19:45 AM

You are right, everyone who has just tried trading will of course experience losses in trading because the experience and skills they have are not enough to give them a profit and I agree with you that being brave enough to take risks does not guarantee that someone can make a profit from trading. they do and when someone who doesn't dare to take risks of course will never make anything from trading because they can't manage their fear of trying to trade and to be able to avoid losses of course we have to learn about trading well in order to understand it well. about trading and can make a profit on trading.

It's the hard fact.

Majority of traders lose money. The longer the timeframe, the bigger the majority of losers. Statistics show 80% or around there for 1 year timeframes. 5 years or more gives 90% or more of losers.

Remember, you enter a trade you already lose. You deposit or withdraw funds you also lose. So you already have to make profit to cover losses just to break even. Every trade

uswa56

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Quote from: stadus on July 06, 2024, 05:32:30 PM

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.

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.

You are right, everyone who has just tried trading will of course experience losses in trading because the experience and skills they have are not enough to give them a profit and I agree with you that being brave enough to take risks does not guarantee that someone can make a profit from trading. they do and when someone who doesn't dare to take risks of course will never make anything from trading because they can't manage their fear of trying to trade and to be able to avoid losses of course we have to learn about trading well in order to understand it well. about trading and can make a profit on trading.

obtainhigh

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Accepting losses as part of the trading process is crucial for long-term success. It's essential to learn from each loss and continually refine your strategies to improve over time.

Best regards,
Obtain High Team

Dewi Aries

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Quote from: onecall123 on July 06, 2024, 10:39:57 AM

Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

Everyone has their own theories, but they should see how others do it. I'd love to learn from others.
Trading isn't just about making gains; it's also about minimizing your losses. I lose about 50% of my trades, but my stop losses keep those losses small. So, managing risk is a big part of trading, and I'll never stop encouraging others to use stop losses.

Yes, I quite agree with your idea that usually every trader has a different trading style, meaning that we can get a lot of knowledge from other people by sharing knowledge with each other and then studying it and as a stage of adapting to other people's strategies, and Of course, trading is not only about the opportunity for profit, but the possible risk of loss will also always be a part that can never be separated as long as a trader is involved in this activity.

You can gain profits in any amount when you have a lot of experience and knowledge as a result of the learning you have done, but it is a fact that all the profits you make will easily be lost again due to losses if you do not have good risk management. it's useless if you have a way to make money but if you don't have a way to prevent losing it, and one of them, as you said above, is with a stop loss, by implementing a stop doesn't mean you will completely avoid losses, but with risk management In this way you will avoid the possibility of losses in amounts that are too significant, a good balance when someone is involved in trading is when they have a way to prioritize profits but also maintain the profits that have been made.

stadus

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Quote from: Dr.Bitcoin_Strange on July 06, 2024, 01:06:26 PM

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.

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.

Dr.Bitcoin_Strange

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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.

Abu-Naim

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

Mistakes are main to happen likewise loses.
Trading is a risky game, you will lose at anytime and you can also gain at any time ; no matter how careful and how cautious you are, you can never be perfect which is it is call a risky game.

A good trader do not panic when they lose, they only take a good look at the trade to learn new things, they will review their mistakes and take corrections from there. But again, good and experienced traders don’t lose anyhow, traders that lose anyhow are probably copy traders with no knowledge about trading and people that jump into trading without any experience.

kingvirtus09

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

Did you know that scalpers are seasoned traders who can be considered, but they still make mistakes in their trading strategies? Meaning, if they still experience making mistakes or losing in trading, we are especially not scalpers like them, right?

But it's not necessary to be an expert just to get a good profit in trading; actually, even if it's just basic, as long as we use the right method, we can get earnings in trading for sure.

onecall123

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

Everyone has their own theories, but they should see how others do it. I'd love to learn from others.
Trading isn't just about making gains; it's also about minimizing your losses. I lose about 50% of my trades, but my stop losses keep those losses small. So, managing risk is a big part of trading, and I'll never stop encouraging others to use stop losses.

mirakal

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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.

After many years we learn a lot, that is correct but still, we lose. Why? because there is no perfect trading strategy been made in a volatile market and even if we are trading for 10 years or 20 years, no way to escape from it. Indeed, every mistake and loss is a learning opportunity but as I said, this won't change the situation, losing is part of trading.

Quote

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 same thing I did but I still lost, and repeated.
This is how trading works and no matter how hard not to commit mistakes and losses, it still happens. After losing, we take time to relax rather than make an aggressive move as it won't lead us in the right direction but it brings us to the dark side. That is why we have to be calm and easy when trading because once losing our patience and emotions, the more we become a loser.

jaberwock

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Quote from: Dunamisx on July 06, 2024, 12:15:11 AM

There is no how our experience while on trading could be complete without having to tell about the lost we have made as well from it, we however shouldn't take it as a must that we must pass through this ugly stage before we become the expert we desire in trading, we could make some losses that could be the reason to knock us out of the market completely as we run out of loss or went bankrupt, so i will rather put it in this format that in making trades, we take risk on either winning or loosing, but when we are knowledgeable about trade, we make more of profits in it than losses.

We already know that those who did not include losses when they story tell are only lying. There are some who might be shy, so they don't talk about their experiences anymore about trading. Well, that is true that in order to become an expert in trading, you will need to experience the ugly stage first.

There are no other ways. If ever there are that we see, that is risky and not advisable to do. Some losses are only small and not enough to knocked us down completely. Running out of losses is not always a good thing because it can also mean that we are now bankrupt (as you said). If in case we got good at trading, indeed that losses are still there.

CageMabok

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

The answer will be very simple because I will continue trading when I have lost and will continue to learn to find more knowledge about good trading even though I have lost several times. However, another question apart from what you are asking here is why we can lose if we as traders can still hold and wait for the best price to make a profit when we want to sell it.

Because most of the traders' losses are not having the patience to wait for prices to reverse again and often panicking when they see market conditions that have turned red again due to falling prices. And it is also wrong to buy coins or tokens where the price of the coins or tokens has become very, very cheap so that it takes more time to recover as usual, and even then there is no guarantee of recovery.

batang_bitcoin

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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.

That's right, no 100% accuracy in winning trades. And that's why more than 50% of your trades is already bad ass. 30%-40% of your trades as wins are already expert level IMHO.

Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

Stop and relax. Not all times I'm going to win trades and just accept those losses. I can recover that some other day or plainly with my holdings when the market bumps. I don't go back asap when I've just come from losses.

PuertoLibre

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There is no perfect setup or strategy that is bulletproof and works 100% of the time. We always modify the strategy and optimize the tools to get the maximum R:R and it takes time to build a good strategy that can be said this is what I am looking for. Cutting the loss and letting the winning trades achieve maximum potential should be a goal for professional traders who know what they do, IMHO.

TheUltraElite

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So anyway, I applied as a merit source :)

Losses happen before you know it. But in spot trading at least you have the opposite asset at hand to be able to sell in the future. I hope you are talking in the context of spot trading and not anything else because the rest of the types of trading are gambling.

With each loss, you might not always have something new to learn, maybe you just repeated an old mistake. Try to avoid making these mistakes and thinking twice before taking the step.

There are methods to overcome a wrongly placed trade but this takes practice to be able to remain calm. Always remember that trading is a side hustle, it should never be your main source of income.

wxa7115

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

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?

It is not my intention to rain on your parade, but it took you years to learn this lesson? I mean, common sense should have helped you to learn this before you even did your first trade.

Let’s use sports as a way to exemplify this, pick the best team on your favorite sport, do they win all the time? No, they win more often than not, and they do so by larger margin than their opponents, but they still lose from time to time, even to teams that are way inferior to them on paper, so if this happens in a sport competition, it is obvious the same concept must hold true for traders as well.

Poker Player

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Quote from: laubeaud on July 05, 2024, 01:10:07 PM

The best traders I know do not have a 100% win rate.

How is anyone going to have a 100% win rate in trading for God's sake? If you thought that when you were starting out you were way off track.

If you made trades of exactly the same amount you should always have a win rate higher than 50% to win and if we include commissions to be sure it should be 55% but as the amounts influence, if you have a win rate of 40% but in trades of greater amount you can be a profitable trader.

For most traders I would say that the profitability is between 40 and 60%. Whoever tells you that he has a very high win rate, like 90%, is either lying or is referring to a small sample.

Mr.sprin

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Quote from: shinratensei_ on July 06, 2024, 01:03:37 AM

Losing is okay as long as your profit of the year is still positive, if you keep losing thought maybe it's time to do some reflections.

in my future trading experience I've experienced many loss and most of them are just due to being too greedy, also sometime due to trend changing in the blink of an eye, as you can see with future trading and high leverage a good news or bad news could cause short squeeze or long squeeze, avoiding this is rather impossible since it's unforeseen thing that we can't control.

but instead of being mad and try to make entry to the market again I just called it a day, and try to relearn pattern again. loss is what make you realize that maybe you're being too reckless with your trades.

I agree with your opinion, when we have started trading, the thing we must avoid is being rash in making decisions, don't make decisions carelessly so that it can cause losses for ourselves, first learn how to make the right decisions so that big mistakes don't happen. .

Short-term and long-term trading both require adequate knowledge for ourselves, not just capital, extensive knowledge is also needed, high patience and self-confidence, don't trade because you follow other people, because we see the profits they get so we want to join in trading without being based on sufficient knowledge and experience.

Topic: Accepting this reality of trading has helped me a lot. - page 3. (Read 678 times)