Do you run when you fail or loose in a trade? - page 10.

EiKaGlaShPriSAThWEl

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Quote from: Rruchi man on April 28, 2021, 08:32:13 PM

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 take a break after I lose in trading. Like someone you've met I become depressed. I asked myself a lot of times if I really did think about what decision I am going to make and if it was the right decision so i might not end up losing all the money i earned. I almost left this thing but somehow I find a reason to overcome myself. Now I am back again. I want to be more careful. Small profit is not bad at all. Small profit is better than losing. I know I become greedy before that is why I almost lost all that I have. I want to change myself now.

mamahdedeh

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Quote from: el kaka22 on May 01, 2021, 02:12:40 AM

Quote from: death69 on April 30, 2021, 11:19:19 PM

Trading is hard. 95% traders lose their money. And the rest have to work extremely hard to turn trading into their own advantages. The process can take years to accomplish

The funny thing is, even after years of experiences some traders are still ignoring to learn but want easy profits. They know how hard is trading and what needs to be done here for success but they are not ready to give their best; I understand them that they will keep attempting with trading with blindfold and they believe they could hit like a gambling.

When you are not ready to face nothing could help you. Running away from responsibility will never help; either you need to quit completely or you should make yourself ready to perfect trading. Developing skills is the only solution here.

it is ourselves who can help us become good traders. we know that in trading we must not be greedy, must be disciplined, create a framework, maintain psychology, etc. but until now there are still many people who just know it, as if it is difficult to do. indeed it is difficult, but not impossible, as long as we have a will for ourselves

el kaka22

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Quote from: death69 on April 30, 2021, 11:19:19 PM

Trading is hard. 95% traders lose their money. And the rest have to work extremely hard to turn trading into their own advantages. The process can take years to accomplish

The funny thing is, even after years of experiences some traders are still ignoring to learn but want easy profits. They know how hard is trading and what needs to be done here for success but they are not ready to give their best; I understand them that they will keep attempting with trading with blindfold and they believe they could hit like a gambling.

When you are not ready to face nothing could help you. Running away from responsibility will never help; either you need to quit completely or you should make yourself ready to perfect trading. Developing skills is the only solution here.

Bagaji

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In crypto currency trading, learning from once or other people's mistake is a great way to improve your trading knowledge. But if because of your lost and you decide not to return back to trading, it simply means you are taking trading as a way of playing gambling which is not.
Many thanks for your encouragement as that will really help some people who have lost hope in trading to have a rethink and return to see where they have made a mistake.

death69

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The first thing you need to know is that losing in trading is inevitable. There is no Holy Grail giving you 100% chance of winning.

A consistent trader does not care about a losing order because he knows that the market does not always follow his analysis. How can he do that? Being disciplined and follow his own rules are keys to help him trading with a cold head. In addition, money management is also an essential issue. It is obvious that you cant trade if you do not have money. If you can control these elements within your trading method, losing will simply an outcome which you have already anticipated. The final result is more important.

Trading is hard. 95% traders lose their money. And the rest have to work extremely hard to turn trading into their own advantages. The process can take years to accomplish

Shasha80

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Quote from: Twinkledoe on April 30, 2021, 06:57:20 PM

Quote from: Hippocrypto on April 30, 2021, 06:53:19 PM

I don't give up after I failed, I just need a comfort zone after all failures begun to break me down on my entire emotions. This is the most difficult scenario for a trader like me, because most cases literally affects our emotions due to several factors.
Financial stability is really a big struggle when it come to trading, but there's always a diversion in every single situation. We just need to open our minds on other possibilities, that would reverse those negative outcome just to make it positive.
Learn from those failures to become your strength, eventually you'll able to cope up.

We can learn from our failures. So yes, don't ever give up once you failed. We need more failures in life not only in trading, before we can see the reasons why we failed. And that will be our learning lessons that we can bring throughout this journey. I just take a break before moving forward. Also, don't regret your past decisions, it will just make your head hurts thinking all your failures in trading. Just look forward and use the tips that you gained.

Most successful people always learn from every mistake they make, so when we fail and never give up trying to succeed. That's what we also use
when we fail in trading, we need to remember that even successful traders often experience losses and failures in their lives. For me failure is not
the end of everything, because the more often we fail, the closer we are to success. So my advice is that if we experience losses while trading,
there's no need to run and we have to be brave enough to face them. Correct the mistakes we've made and move on, I'm sure success will come too.

LUCKMCFLY

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In my personal case, I never feel ashamed or stop trading if I have losses in my operations, losing is a normal part of trading, the important thing is to obtain a positive balance, I always carry out 3 operations, if I lose the first I must recover with the second operation and exit in profit, but if the second trade I lose, I must recover with the third trade and if I lose the 3 trades it is because I do not have the correct view of the market and it is better to assume the loss than to seek revenge because it is worse, in that case I exit the market and wait for another entry opportunity, there are always opportunities to get good options, the market is benevolent.

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There are a lot of people give a bad impression in terms of trading and mostly they are the one who losses a lot of money instead of having risk management to themselves. Trading is just only for people who can handle themselves and try to make earning. It's better if we keep our selves knowledgeable about the trading, not all the time this gives us a good outcome at the end of the day we are looking with the profit losing trade is part of the game if you don't want to lose I think its a god-tier trading you are. Always analyze the mistake if you lose in a trade don't overconfident about the basic information you shouldn't properly analyze because you win a trade one time.

Twinkledoe

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Quote from: Hippocrypto on April 30, 2021, 06:53:19 PM

I don't give up after I failed, I just need a comfort zone after all failures begun to break me down on my entire emotions. This is the most difficult scenario for a trader like me, because most cases literally affects our emotions due to several factors.
Financial stability is really a big struggle when it come to trading, but there's always a diversion in every single situation. We just need to open our minds on other possibilities, that would reverse those negative outcome just to make it positive.
Learn from those failures to become your strength, eventually you'll able to cope up.

We can learn from our failures. So yes, don't ever give up once you failed. We need more failures in life not only in trading, before we can see the reasons why we failed. And that will be our learning lessons that we can bring throughout this journey. I just take a break before moving forward. Also, don't regret your past decisions, it will just make your head hurts thinking all your failures in trading. Just look forward and use the tips that you gained.

Hippocrypto

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I don't give up after I failed, I just need a comfort zone after all failures begun to break me down on my entire emotions. This is the most difficult scenario for a trader like me, because most cases literally affects our emotions due to several factors.
Financial stability is really a big struggle when it come to trading, but there's always a diversion in every single situation. We just need to open our minds on other possibilities, that would reverse those negative outcome just to make it positive.
Learn from those failures to become your strength, eventually you'll able to cope up.

martina14

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Of course I don't go run when I failed or loose in a trade anyway. Instead, I keep going continue to trade because this was the main
source I got now for a couple of years. And besides loose in trading is just a normal thing part of the business for the individual traders here in crypto currency business.

Yamifoud

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Quote from: goaldigger on April 30, 2021, 04:48:59 PM

Losing money in trading is normal and this is just the result of every strategies that you’ve used so don’t run away without solving these problem because you’ll forever carry that fear of losing money again.

It is very important to know what strategies are effective and which not. We don't need also a lot of strategies to become profitable in trading because having 1-2 strategies is enough.

Quote

Make this losses as your inspiration to do better on your trades next time, and learn that you should not go all-in in trading, you must know how to manage risk and trade responsibly. We traders have our own losing streak stories, but of course we are still trading to win some money because crypto trading is way more profitable compare to any other market.

Openness is somewhat important in trading, we have to stand corrected if we find it was wrong and have to correct it right away. If we just easily giving up, we are simply putting ourselves disrespected. Why not trying for the second chance and correct all the mistakes we have, who knows.

Ridwan Fauzi

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Sometime yes, run it means I'll find some place to relax so as I can back to trade with the comfortable mind. Trading need a good mind or you need to have a comfortable feeling when you get start. You will just get a huge lose when you are trading in the bad situation. I mean, when you have a lot of things in mind you will not have a good psychology. This thing will affect to the strategy that you make, you will just be in rush to make a decision.

I have many experience when I had a lot of things in mind and I did day trading. I just make a lot of wrong decision and make a lot of entry until I just realized that I got a huge lose. This situation just came when I didn't know much about technical analyst strategy and I haven't learn about pshycology trading.

goaldigger

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Losing money in trading is normal and this is just the result of every strategies that you’ve used so don’t run away without solving these problem because you’ll forever carry that fear of losing money again.

Make this losses as your inspiration to do better on your trades next time, and learn that you should not go all-in in trading, you must know how to manage risk and trade responsibly. We traders have our own losing streak stories, but of course we are still trading to win some money because crypto trading is way more profitable compare to any other market.

DarkIT

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Quote from: cheezcarls on April 30, 2021, 07:34:35 AM

Oh well, if that’s what he thinks, then perhaps he needs to be a little bit more educated. However, if he is just being close minded, I know that it’s difficult for you to break through his glass to re-open his mind again about crypto trading. For me, he lacks risk management of his portfolio. If he just knew how to do that, he would have never give up and speak negatively about crypto trading. Take note that crypto trading has no astronomical guaranteed returns, because it always depends on the market situation, risk management and technical analysis.

Just hold.Trading had it's two sides.Everything had a positive and negative side.You should hold,when the negative plays a role by the dump.When the positive happened with the pump,you can sell it.By this move,you can earn huge profit from it.Using a chance is a unique move done by the clever traders.Risk management is essential to get profit.

isaac_clarke22

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Quote from: mk4 on April 28, 2021, 10:01:03 PM

~

It's quite common honestly. Back then I had the thoughts of day trading more than $100 in Binance, but I realized that I never knew how each coins perform within 24 hours so I just went back down.
All I know was that I was investing <$15. Turned out to be all losses.

irsykes

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If can be counted, my losses in trading activity is bigger. But i earn back from bounties and airdrop. Because usually i always cut lose my assets when i think it will go down. Gratefully i am never stressed and sometimes keep trading although always lose. But usually i only use money that i think ok if i lose it so maybe that is why i keep easily to cut lose.

Questat

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Quote from: Alucard1 on April 30, 2021, 12:47:22 PM

We should never run whenever we lose on trading, it won't help us become a better trader, instead of running, you better things on it, why not learn by your mistake? know what to change on you and how to improve your trading, that could be more helpful if you fo us on positive side than just giving up.

if you find it no good and the result still not acceptable, it gonna be suicide. Why not open our eyes and think that trading isn't for us, in fact, we can find other opportunities that might give us a better fortune. Better to stop pretending that we are okay regardless of how many losses we got and even paralyze our financial capabilities.
It finds no good to continue doing this if we can see that we are in fewer chances to become a better trader. It finds not reasons to chase your losses in the past as it impossible to recover them but better to let it go and move on for the next chapter.

Alucard1

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We should never run whenever we lose on trading, it won't help us become a better trader, instead of running, you better things on it, why not learn by your mistake? know what to change on you and how to improve your trading, that could be more helpful if you fo us on positive side than just giving up.

wxa7115

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Quote from: Rruchi man on April 28, 2021, 08:32:13 PM

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)

For the most part it is useless to talk and try to convince people like that, they are too embittered by their own experience that they are not going to listen to your arguments at all, now I could kind of understand this if he lost his money to an exchange that scammed him and now he is suspicious of this market but I doubt this is what happened.

If I were to guess it is obvious he was using leverage without a stop loss and then the market began moving against him and instead of selling for a loss he kept the trade open and lost all the money he had and now blames the market instead of admitting that it was his own decisions that caused such a dramatic loss of his capital.

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