Topic: Do you run when you fail or loose in a trade? (Read 1760 times)
this is one reason why a trader or an aspiring trader needs to document their trades so they would be able to follow their progress and easily detect when there is an error and why it happens. there are so many things that wont work when trying to learn a skill or perfect it.
Running? I cut my loses when a trade goes sideways, there is nothing shameful in closing a bad trade it's better to cut your loses than to be brave till it comes worse and you get liquidated. Losing is part of trading as much as winning even the best of us lose. Even if they don't brag about, most successful traders have bad trades but that doesn't stop them from trading
right, of course there is a risk in every trade transaction and if we experience wrong analysis, of course we dare to cut losses according to our analysis. therefore many traders stay, because they can set the rhythm in trading. loss is not the end of the journey, but we can still look for profit on another occasion 
As i can say if anyone who is a good trader , will never run away because this is trading in which will give you profit sometimes and sometimes loss, but the ,main thing is patience as we can see bitcoin was before and now we can see it crosses $40k which is very good for the traders.
generaly what happens to beginners that have some sucess in trading is that when there comes a losing streak, and it will come, they are to gready too close position in a loss. and even if they after hesitation close the position, they will try to desperatly earn the money back entering in a rushed and not thought out position and the same happens again. and than the cycle of breaking an acount begins.
now the title is actualy a good advice. if you close a position with a loss that "hurts", you better "run"....in terms of taking a break. reajust you mind before taking a new position. never go into a trade for emotional reasons
now the title is actualy a good advice. if you close a position with a loss that "hurts", you better "run"....in terms of taking a break. reajust you mind before taking a new position. never go into a trade for emotional reasons
Trading is not about to get profit every time, there must be some losses too, for which we have to be aware from the very first stage. The trading can be done through patience. After all i had never run away because i always kept patience in trading and i had started from the small and now i'm going to make a change and get the profit.
Losses is inevitable and people should really be thinking off and expecting that these things is part of the process where theres no such thing about perfect trades and come to think off that those losses would also be the key for you to learn up more about trading and thats also the reason on why you do really able to avoid when you do able to experience or face up again similar situation.
On the time that you do gain up experience then this is where you trading journey would progress out.This would take a very long time and all you do need is
persistence and long patience.
I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
I never run nor quit in anything if I happened to fail on my first attempt. I'd record countless loss and despite that I always have reason to come back, so does crypto.
I could remember when my wallet got ripped back then in early 2018, simply because I was just a newbie in the game. Although I had to leave crypto for 2 years but I got back in the year 2020.
I learnt my mistake after my wallet got wipped off by rippers by incautiously exposing my private key, and that is something I won't let happen again.
In a nutshell, I'm doing better now simply because I came back, I didn't let failure defeat me and I've mastered some keys and strategies.
Trading is not about to get profit every time, there must be some losses too, for which we have to be aware from the very first stage. The trading can be done through patience. After all i had never run away because i always kept patience in trading and i had started from the small and now i'm going to make a change and get the profit.
- I think there are only a few people who will run away or think in a way that is not clear in a loss situation because these people's upbringing from an early age has been less of a failure and they are people who are easily embarrassed when they realize failure, pretty much everyone in the world likes perfection and they will avoid facing what has failed them. On the contrary, most of us will just stay here to recover from the loss, sometimes it will take more, sometimes it will succeed but in general, there is no concept of running away.
Trading is not about to get profit every time, there must be some losses too, for which we have to be aware from the very first stage. The trading can be done through patience. After all i had never run away because i always kept patience in trading and i had started from the small and now i'm going to make a change and get the profit.
No Never. I know that in cryptocurrency often whale change the game . i use my tight stop loss and did not hesitate to invest even in bear market i try to find opportunity and try to make profit. I success in my way of trading. Crypto give us descent earning if we trade with care and whole heartedly.
Running? I cut my loses when a trade goes sideways, there is nothing shameful in closing a bad trade it's better to cut your loses than to be brave till it comes worse and you get liquidated. Losing is part of trading as much as winning even the best of us lose. Even if they don't brag about, most successful traders have bad trades but that doesn't stop them from trading
I will never run in a trade when it fails. in cryptocurrency there are many types of coins that are ready to provide profit. if it fails on 1 coin we can switch to trading on another coin. this is very easy and we can return failure at the beginning to profit at the end of the journey
Running is only to those people who didn't really expect for such loss or had really expect that they could make easy money on this market and when the market had act out on how fierce it is then you would really be finding out that this isn't easy as it sounds.Running wouldn't do anything good because if you do trade then you are aiming for profits which simply means that sustainability would much needed.
You wont progress if you wont accept those losses, try to enhance and learn up things out of those mistakes because this would be a good thing for you to become even more better.
You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
That is true.You have to fail so that you can learn and everybody fails with their trades in the first time. No one becomes good already at the start and that's why it's the hardest part for everybody.
The beginning.
facing non stop problems which is really a normal thing to experience and with also with experience you would really able to to sustain at least and everything would depending
on how you would really be handling out yourself into his manner.You wont progress if you wont really be accepting those losses and learn from it.
Running does simply means that you are quitting.
And if someone fails at the beginning and he starts to run then quitting is really for him and he don't want to extend more in trading as he just sees himself to fail.
I will never run in a trade when it fails. in cryptocurrency there are many types of coins that are ready to provide profit. if it fails on 1 coin we can switch to trading on another coin. this is very easy and we can return failure at the beginning to profit at the end of the journey
I most times advise newbies to stay away from trading, as it can ruin their life.
~snip~
How does that happen, if they stay away how will they learn? I started trading with a lot of mistakes but I keep improving from my experience. If the beginners are really serious then don't give up, don't back down. If the beginner backs down then he fails but if the beginner goes forward there are two choices of success and failure. From there we can learn not to give up because an expert comes from someone who doesn't know but wants to learn. ~snip~
Trading is a risk as we can say in a sense , so there will be profit too and there will also be some losses. Loss is a part of trading so i don't ever stop if i failed in trading. So, i suggest you too to never stop ever after failing one time
I most times advise newbies to stay away from trading, as it can ruin their life. To be a cryptocurrency trader, one needs trading skills to just luck because it has little to nothing to do with trading.
Your skills and experience make you a good trader, so before you venture into trading, take your time to gain the skills and knowledge that will help guide you along the way.
Your skills and experience make you a good trader, so before you venture into trading, take your time to gain the skills and knowledge that will help guide you along the way.
You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
That is true.You have to fail so that you can learn and everybody fails with their trades in the first time. No one becomes good already at the start and that's why it's the hardest part for everybody.
The beginning.
facing non stop problems which is really a normal thing to experience and with also with experience you would really able to to sustain at least and everything would depending
on how you would really be handling out yourself into his manner.You wont progress if you wont really be accepting those losses and learn from it.
Running does simply means that you are quitting.
You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
That is true.You have to fail so that you can learn and everybody fails with their trades in the first time. No one becomes good already at the start and that's why it's the hardest part for everybody.
The beginning.
You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
Losing money in trading is really depressing but its a part of being a trader that we need to deal with. Such experience is just a trial and can give us a lesson that we can use the next time we trade again.
Those people who quit and turn their back probably realize that trading is not the career that they want to pursue. For me you cant gain anything if you didnt feel a pain, thus if you fail it doesnt mean its the end because it can also be the start to change the past and to do better this time.
I agree with what you say and if we really want to be successful in trading we don't have to run,Those people who quit and turn their back probably realize that trading is not the career that they want to pursue. For me you cant gain anything if you didnt feel a pain, thus if you fail it doesnt mean its the end because it can also be the start to change the past and to do better this time.
running will not solve the problem and instead it can create new problems,
after all losing money is a normal thing i think and part of trading and investing even though losing money is a bad thing but we can learn from it
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