Accepting this reality of trading has helped me a lot.

Distinctin

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Quote from: Findingnemo on July 19, 2024, 03:57:06 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 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?

Let me tell you something, more experience will make you think that trading is not worth at all.

People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital.

Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett.

Or the more experience you've gained, the more realizations you will see that one should not only focus on trading alone. Reality is, no matter how good or capable trader you are, you are still susceptible to losses every now and then, most particularly when your trades are suddenly not favored by the market.

Trading is not a stable source of income, but an additional source to your main income. Although this might contradict to some points of view, but based on my personal experience, trading is still very risky so one should not only rely on trading alone when making a living.

$weetne$$

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Quote from: Stepstowealth on July 12, 2024, 03:32:07 PM

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

If you do not quit trading you will become a professional trader one day as you keep on learning from your mistakes and working on it to become a better trader. There are many things that new traders do and they think they are the only ones making that mistake but they do not know that almost every trader make the mistakes too. But when they accept the reality that every trader can lose then they begin to understand how trading works. A trader can have many weeks of making profits and later start to lose but when you have different strategies of trading then you can switch strategy when the previous one is not giving you profits. Mistakes are vey common among traders but for you to be a very successful trader, you have to learn to use your mistakes as a guide for you to have better trading futures.

Findingnemo

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

Let me tell you something, more experience will make you think that trading is not worth at all.

People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital.

Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett.

wxa7115

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Quote from: Issa56 on July 14, 2024, 04:35:11 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.

This is what makes a lot of traders to eventually burn out, unlike investing in which there are great strategies that have passed the test of time, this is not really true for traders, a strategy may be successful during a period of time, but as the dynamics behind the asset change and the market evolves, what worked yesterday may not work today.

Forcing the trader to once again try to find a way to make money on the markets, and lose to them a great deal of the money they could have obtained during the period in which they were profitable.

Issa56

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.

Cryptoababe

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Losing is normal in trading. But as I've always said, greediness leads to high losses and liquidation. This is why I always advise people to start with spot trading. No matter how long you have been trading, you will surely lose once in a while, but the most important thing is making profit more than you lose.
Trading is very risky, and if one keeps losing and getting rekt, the right step is to quit trading.

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Quote from: Stepstowealth on July 12, 2024, 03:32:07 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

We are afraid to lose because we don't understand yet fully how trading works as we expect that we will make money rather than lose. Sometimes, we get influenced by our positive mindset and confidence, and can't dare to accept losses. And after experiencing bad things and several losses, we then think about quitting. It is very common, we feel doubts and uncertain about how this thing works but other traders are saying "Those who can't endure risk and losses, have no chance of getting rewards.

To become a(pro) trader is not magical that in tomorrow we become successful already. No traders have not experienced losses, we all have but because we are certain of our goal, we still continue and learn from our mistakes.

jcojci

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Quote from: justdimin on July 12, 2024, 12:22:32 PM

Quote from: jcojci on July 12, 2024, 05:24:51 AM

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.

We must have good control to calm down our emotion in trading so we can know what we must do. We can not ignore our emotions and let it becomes high without we can not control ebcause that can gives us more problem. We can feels when our emotions becomes high so we can try to control and take a deep breath can helps to calm down ourselves for a while.

But we must do other things besides of take a deep breath especially if we lose our money in trading. We can stops trading and leave the market for a while to forget our sadness and trying to gets back our focus. When you feels you can stable yourself, you can back to trading but always be careful to use your money and avoids to make another mistake.

Adbitco

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You know there is this things we've alway stock up in our heart that anything negativity is not meant to come nigh us without know that it's one of the characteristics of living Being meaning one must lose or hear about negative news, there are no way for total elimination of loses. Though there are expert but within themselves they are actually lose and if they don't lose while trading the trading principle isn't completed yet because trading is all about profits and lose even though that the chances of lose could be minimized to the bottomless part of it but yet there is loses attached to it. So, as a trader you should know that lose is something you can't totally avoid while trading rather you can reduce it from high to low ranging from 10-1 in rating the percentage of lost.

Stepstowealth

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

DaMut

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To know that you can't always be right I trading helps you accept the reality of taking losses. For me what's important is my win rate which also shows how good your strategy is base on RR. Everyone loses but not everyone wins consistently to recover the loses.

Ndabagi01

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

Just like you do, sit down and go through the trade again and see where the mistakes are. The only problem with checking back is that you have to be someone that is conversant with charts a lot so that when you see such type again in the future, you’ll be able to highlight as the same one that made you be on loss the last time you tried to trade it. What I do for setups like that is, I save the setups and when I want to take a new thread that I feel are similar to the previous ones that have exited me from the market before, I go back to the saved set up to confirm my claim whether I’m right or not about it. No one has 100% win rate and the best of those traders are the ones that accepts losses and take corrections from them to amend their upcoming trade with it.

justdimin

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Quote from: jcojci on July 12, 2024, 05:24:51 AM

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.

jcojci

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Quote from: AmoreJaz on July 08, 2024, 12:46:05 PM

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.

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Gaza13

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Quote from: synchronym on July 10, 2024, 01:32:06 PM

Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we If I can trade in this way, I will definitely be one of the successful traders in the future.

Of course, this fear often arises when one experiences failure in analyzing the market. And it could be said that they are afraid to try again because they will lose their money even more than before. I think those who have experienced losses in trading certainly don't just guess, and you can be sure that they are equipped with knowledge even though it's still a little because their money is at stake, of course they won't let it go or throw it away in vain, right?

josgandosbro

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Most of the trades Frist time lose the money in trading process. So that experience is help to future trading. Traders effort is important for the trading. But without effort not easy to get profit. Trading is not easy to use. So accpet if get any lose. Nex time that experience help to avoid the some issues and eerors. Easy to get profit.

lixer

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

Took you a while there Grin

.

Someone getting into trading needs to do research and gain enough knowledge before they start, and when you are doing that, you should also understand and have knowledge about how losses in trading are a normal thing because it is something you do based on predictions and chart-reading and you can't be right all the time when you are predicting the future no matter how good you are at doing analysis and reading charts.

When I incur a loss in trading, I do the same thing, I don't make more trades before I evaluate my previous trade and the reason why I got a loss, and once I find it, I work on the mistake I have made and rectify it so that it is not repeated again in the future.

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Quote from: OrangeII on July 09, 2024, 10:08:48 PM

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.

In any case, those who always excel are those who always want to use their mistakes as learning material or something that must be corrected. There will be no improvement if there are no mistakes, and there will be no success or success if there are no failures caused by mistakes.

Actually, this problem comes back to each individual, simply put, if you want to be successful then you must first experience failure, because only failure will tell us what the right thing to do is, or that is, failure will be something that tells us. us about what to do and what to avoid.

But if we talk about the world of trading, that doesn't mean that you already know what to do after you learn from your mistakes, that doesn't mean that you will always be able to end the session with a profit, as you said and that's right. The reason is because this is trading where there is no single way that can predict the market 100% accurately, meaning there will always be times for you to still experience losses, but what we have to pay attention to is when we are always persistent in learning, for example studying mistakes that we have made. If we do it and learn about the new things we discover, it will help us avoid the possibility of excessive losses.

synchronym

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Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we If I can trade in this way, I will definitely be one of the successful traders in the future.

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Quote from: Dzwaafu11 on July 09, 2024, 11:56:41 AM

Quote from: Questat on July 05, 2024, 02:49:35 PM

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.

That acceptance of losing type of mentality will make someone amazing, not because they lose, and many people do not understand it, but because you understand that's a natural part of it and you just need to learn and grow with it. That's why we should be considering the fact that it is going to take a while, and we just need to assume how to grow and be better. I get that things aren't simple, and I get that we are not going to see things change, because it doesn't matter if you are a newbie or a veteran in the end you are going to lose.

It's how you react to your loss that will decide how good you are going to be in the end, and if you do what you should, then you are going to end up with a much better result without a doubt.

OrangeII

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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.

Ahli38

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

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.

Dzwaafu11

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Quote from: Questat on July 05, 2024, 02:49:35 PM

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.

Quote from: Questat on July 05, 2024, 02:49:35 PM

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.

redsun114

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Quote from: laubeaud on July 05, 2024, 12:10:07 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

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.

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.

bettercrypto

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Quote from: laubeaud on July 05, 2024, 12:10:07 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'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. .

kramat

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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.

Rimueng

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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.

boyptc

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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.

Y3shot

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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 .

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

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.

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.

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Quote from: jcojci on July 08, 2024, 02:44:05 AM

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.

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.

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

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.

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

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.

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.

jcojci

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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.

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Quote from: irhact on July 07, 2024, 04:41:44 PM

Quote from: Kelward on July 07, 2024, 08:25:27 AM

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.

irhact

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Quote from: Kelward on July 07, 2024, 08:25:27 AM

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.

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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

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Quote from: stadus on July 06, 2024, 04:32:30 PM

Quote from: Dr.Bitcoin_Strange on July 06, 2024, 12:06:26 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.

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.

bitLeap

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

Not much different from you, both beginners and professional traders must evaluate their strategies when they experience losses.
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.

dunfida

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Quote from: Kelward on July 07, 2024, 08:25:27 AM

Quote from: Charles-Tim on July 05, 2024, 02:54:10 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.

There's no such thing about safe and this is something that you should bare up in mind even if you do stick with Bitcoin on which we do know that there's no assurance that it would be that having that potential.
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.

Kelward

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Quote from: Charles-Tim on July 05, 2024, 02:54:10 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, 01:19:45 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, 04:32:30 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, 09:39:57 AM

Quote from: laubeaud on July 05, 2024, 12:10:07 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, 12:06:26 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, 12:10:07 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, 12:10:07 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, 12:10:07 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.

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Quote from: laubeaud on July 05, 2024, 12:10:07 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 05, 2024, 11:15:11 PM

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, 12:10:07 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, 12:10:07 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, 12:10:07 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.

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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, 12:10:07 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, 12:10:07 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.

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Quote from: shinratensei_ on July 06, 2024, 12:03:37 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.

shinratensei_

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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.

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

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.

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As you explained in points A and B, of course you have to review or evaluate why the trades we make are losing and of course learning from the defeat will be very good for further development.

But you forget about the strategy you have to implement, how to manage risk and manage funds on a trade.
Evaluating all of that will certainly make the next trade more directional and can achieve the profit target you want to achieve.

No one has a 100% win rate even if they are professional traders, even trading robots alone are not able to achieve 100% accuracy.
Losses are certain, but what needs to be done is how to minimize the effects of losses so that more profits will be obtained.

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Did it really take you "many years of experience" to realize that? It should take you less than a day or two of trading to realize that losses are inevitable.

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

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

Literally no one has a 100% win rate nor probably 70%+ win rate when stretched in years and with a decent amount(mid 6 figures in USD) of capital.

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

~Snipped

What do you do when you take a loss?

First things first:

Time off: I take some time off to cool off. It might be to binge watch a series I have been putting off, play games or read a book. The end goal of this phase is simply to move on quickly from the loss.
Back to drawing board: After cooling off abd getting my head straight again, I go back to the drawing board to reflect on my trade. Figure out what went wrong last time and what I could've done better. I factor all these in and then digest it all.
Plan future trades: This part is pretty straightforward actually. After cooling off and some reflection, this is the part and putting everyone from #2 into play.

I'm interested to learn how other community members handle their losses.

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Quote from: laubeaud on July 05, 2024, 12:10:07 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?

One thing about trading is no matter how good you’re on analysis like technical and such there is never a perfect trade rather there are high probability trades that can yield profits. So losing in a trade is definitely part of trading, the way you react after trading is what matters a lot. That’s why many profitable traders will tell you that trading is compromised of 20% skill and 80% psychology to be successful

You see all this win rate percentage, it is just not the way to evaluate traders, A traders can have a lower trading win rate and still be more profitable than the other trader with more. This is because of how you apply your risk management. So as a trader if you’re losing too much you need to re evaluate your risk management.

Another important thing to do when on a losing streak is to take a break and go and do more of backtesting. Losing sometimes doesn’t mean your strategy is bad but rather it tells you that such strategy wouldn’t work for all pairs. Backtesting your losing trades helps you to make more better decisions. Another thing is to have a journal to evaluate your losses on each pairs once a certain pair has more losses it is better to do away with it because your strategy might not be perfect for it

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

Well OP I think every trader has their unique strategy. But as for me I do take a deep breath, and take a small break, and also do some assessing on the market and strategies, and I also consider position sizes, and study previous losses before hopping back into the market.

Well, Mr. Market will always want to play with your head most time so this is what I do most times when losses are been made.

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Quote from: Charles-Tim on July 05, 2024, 02:54:10 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.

Losses will always be a significant part in trading. You won't be a good trader in the process if you never see yourself losing at some point. However, losing for several years is already another story. You can't just trade and endure losses all the time. You need to assess your trading potentials if you still have it or you're not actually destined to be a real successful and profitable trader. Otherwise, going back into pure investing will be a wise option. With hodling for years, you'll still end up making a good amount of profits same like trading, or even better than those.

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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.

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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.

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.

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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?

Topic: Accepting this reality of trading has helped me a lot. (Read 733 times)