Do you run when you fail or loose in a trade? - page 4.

breathlessz

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Quote from: boyptc on July 12, 2021, 06:06:53 AM

Quote from: RILWAN on July 11, 2021, 01:20:56 PM

Cryptocurrency trading is one of the riskiest aspects of cryptocurrency one can lose almost all your funds and that can lead to depression. When it comes to trading I think one needs discipline.

Then don't trade without knowledge to avoid being depressed.

We don't like to see people being depressed with their decisions but in the first place, they should study what they're about to do.

Trading without knowledge is wasting money and it's been proven many times with those experiences that has been shared not just in the forum but in other platforms too how they've burned their money.

someone who will achieve consistent profits means they already understand trading, but for me personally who is still learning to trade will certainly continue to learn these things which can support better trading, of course this is not easy, because I often make mistakes in trading, and the hardest thing I feel is the psychological burden in trading

boyptc

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Quote from: RILWAN on July 11, 2021, 01:20:56 PM

Cryptocurrency trading is one of the riskiest aspects of cryptocurrency one can lose almost all your funds and that can lead to depression. When it comes to trading I think one needs discipline.

Then don't trade without knowledge to avoid being depressed.

We don't like to see people being depressed with their decisions but in the first place, they should study what they're about to do.

Trading without knowledge is wasting money and it's been proven many times with those experiences that has been shared not just in the forum but in other platforms too how they've burned their money.

Mistafreeze

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Quote from: Prettyjing34 on July 08, 2021, 11:56:17 PM

A failed transaction doesn't make much sense. When you enter the field of cryptocurrency investment, you should exercise your tolerance, because there are profits and risks, but the reality is that many people will be very frustrated after failure. Without fighting spirit, you may have to leave the field of cryptocurrency, and everyone's courage is different. If some people fail, they may start over, face their mistakes, and find reasons to do better.

A failed transaction can also have greater effect on one's trading psychology if pure understanding of the market behavior is not put into consideration. Losing an exorbitant amount of funds is very painful and could affects one faculty if care is not taken. I could feel the pains and excruciating expressions of losing hard earn money that had been accumulated for over several periods, and now seeing it gone without any notice.

I've had similar experience before which I almost gave up in trading but later gather my shoes back with strong determination after admitting my mistakes with proper correction and aim to do better. Honestly trading is never easy, it's takes an understandable mind and emotionaless spirit to overcome loses in trading.

South Park

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Quote from: dotcoin.info on July 10, 2021, 04:18:52 PM

Previously, I had moments when I lost money in things that I didn’t understand, for example, such as trading.
I am very grateful to such realizations, because after that I stopped engaging in activities that I did not understand well, because the risks were incommensurable. Now I'm not running away because losing is part of the game.

It is important to know when to give up, not everyone can be a master trader and make a fortune in the markets, if a person simply does not have what is necessary to make it in the market then it is better to get out of the market while they still have most of their money, otherwise they will lose a great deal of it against the ones that actually have what is necessary to become good traders, I know this is not an easy decision to take but in most cases this is the correct decision on the long term.

RILWAN

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Cryptocurrency trading is one of the riskiest aspects of cryptocurrency one can lose almost all your funds and that can lead to depression. When it comes to trading I think one needs discipline.

dbc23

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Running from trading because of a lost trade is like avoiding classes because its going to rain by and by as a trader loosing trades must occur it's left for the trader to decide how much they are willing to loose in a particular trade and stay deciplined at with a proper stop loss set to help the trader in case the trade decides to go against the analysis. Trading requires consistency and dedication if not it would be difficult to gain mastery

panjay

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Just use lower lev or even better idea don't use it at all.

For the past years I have been trading on and off. Spot trading the easiest, in my opinion, you don't "lost" all of your money in case of liquidations.

Just focus on scalping major coins like btc/eth.

Mahanton

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Quote from: dotcoin.info on July 10, 2021, 04:18:52 PM

Previously, I had moments when I lost money in things that I didn’t understand, for example, such as trading.
I am very grateful to such realizations, because after that I stopped engaging in activities that I did not understand well, because the risks were incommensurable. Now I'm not running away because losing is part of the game.

You should really realize or anticipate that losses are normal but since you are dealing with investment then you should try your best on minimizing the risk as small as possible.
When you do anticipate that much that you can make money and when losses do hits or strikes you then that would end up on frustration and stress and thats the time
you would really be having those kind of feelings on where you are down and afraid to deal with the market again but honestly, self realizations from your mistakes
which makes you a better or improved person because you wont really improved out if you do let yourself shackled with your mistakes and afraid to face it off.

dotcoin.info

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Previously, I had moments when I lost money in things that I didn’t understand, for example, such as trading.
I am very grateful to such realizations, because after that I stopped engaging in activities that I did not understand well, because the risks were incommensurable. Now I'm not running away because losing is part of the game.

Raflesia

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Quote from: AakZaki on July 07, 2021, 04:52:15 PM

Quote from: Xhong54 on July 06, 2021, 11:40:00 AM

My experience from the forex market which can be applied here is that if you happen to lose in a trade, reconsider your decision as to why you opened the trade. Check why it could have go e against you,take a glass of juice and start all over again

there is nothing wrong when you have to start all over again because of your mistakes in the past. But before you do something you've never done, learning it is very important. If you fail at Forex you have to learn how to make a profit and reduce the risk. I prefer spot trading in crypto because the risk is less than having to trade both ways and will lose everything if I don't understand what to do. All types of trading must be studied in order to overcome the risks that will occur.

Forex trading is very risky I can't imagine the funds will lose in an instant so how to recover them if they run out? so since then I stayed away from forex because I couldn't return what I bet.

For me, spot trading is a safe way so that all funds do not disappear even though it is equally risky but I am not afraid to lose it all because I know spot is a long trade with low risk, to learn for me it is the same as long as there is strong experience this field but I now always distinguish between forex and spot trading.

BitTraderCute

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give up or running from fact when we face loose in market should not make us as good traders or investors. this is be first step for us to pass how cruel cryptocurrency market. everyone could face lose but not everyone could manage it. this is the important thing to make us survive and success in crypto market.

jossiel

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Quote from: andriarto on July 08, 2021, 11:29:48 PM

Quote from: jossiel on July 07, 2021, 07:44:59 PM

Quote from: NicNacCoin on July 07, 2021, 02:32:35 PM

As a Binance exchange trader, when I trapped into losses then I control myself with several experienced which already gained before trading lost. But always considered that every successful business has profits and lost two sides....

It is a good thinking that you are controlling yourself. You stop loss and whenever you fail more than and didn't able to stop loss, you're just going to think that you can get those losses back with your next trade.

As for that consideration that there's always the two side of winning and losing in trading, when you lose, the acceptance and learning experience matters and helps a lot.

every trader must have experienced defeat, or wrong in analyzing, but every trader can calculate the risk of loss in every transaction, therefore by making trading simple, then we will not run after we experience defeat. but there are also traders who let go of their mistakes until their capital runs out, but for me gambling is not trading

Yes, that's for sure.

We all started from being a newbie and then with such experiences gained, we're learning from those experiences including the mistakes.

And those mistakes helps us to grow more in trading and how to handle such situations specially the harder ones with our trades and being pressured.

Prettyjing34

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A failed transaction doesn't make much sense. When you enter the field of cryptocurrency investment, you should exercise your tolerance, because there are profits and risks, but the reality is that many people will be very frustrated after failure. Without fighting spirit, you may have to leave the field of cryptocurrency, and everyone's courage is different. If some people fail, they may start over, face their mistakes, and find reasons to do better.

andriarto

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Quote from: jossiel on July 07, 2021, 07:44:59 PM

Quote from: NicNacCoin on July 07, 2021, 02:32:35 PM

As a Binance exchange trader, when I trapped into losses then I control myself with several experienced which already gained before trading lost. But always considered that every successful business has profits and lost two sides....

It is a good thinking that you are controlling yourself. You stop loss and whenever you fail more than and didn't able to stop loss, you're just going to think that you can get those losses back with your next trade.

As for that consideration that there's always the two side of winning and losing in trading, when you lose, the acceptance and learning experience matters and helps a lot.

every trader must have experienced defeat, or wrong in analyzing, but every trader can calculate the risk of loss in every transaction, therefore by making trading simple, then we will not run after we experience defeat. but there are also traders who let go of their mistakes until their capital runs out, but for me gambling is not trading

jossiel

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Quote from: NicNacCoin on July 07, 2021, 02:32:35 PM

As a Binance exchange trader, when I trapped into losses then I control myself with several experienced which already gained before trading lost. But always considered that every successful business has profits and lost two sides....

It is a good thinking that you are controlling yourself. You stop loss and whenever you fail more than and didn't able to stop loss, you're just going to think that you can get those losses back with your next trade.

As for that consideration that there's always the two side of winning and losing in trading, when you lose, the acceptance and learning experience matters and helps a lot.

AakZaki

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Quote from: Xhong54 on July 06, 2021, 11:40:00 AM

My experience from the forex market which can be applied here is that if you happen to lose in a trade, reconsider your decision as to why you opened the trade. Check why it could have go e against you,take a glass of juice and start all over again

there is nothing wrong when you have to start all over again because of your mistakes in the past. But before you do something you've never done, learning it is very important. If you fail at Forex you have to learn how to make a profit and reduce the risk. I prefer spot trading in crypto because the risk is less than having to trade both ways and will lose everything if I don't understand what to do. All types of trading must be studied in order to overcome the risks that will occur.

NicNacCoin

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As a Binance exchange trader, when I trapped into losses then I control myself with several experienced which already gained before trading lost. But always considered that every successful business has profits and lost two sides....

Fivestar4everMVP

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Well, one thing we must all try to understand is that trading is not for everyone, some people see trading as a business, others see it as fun thing to do when they are not busy with other important stuffs, those who see trading as fun thing should only play with an amount they can afford to comfortably lose to avoid depression and anger when they eventually lose it, while those who see it from a business standpoint should self search themselves and know if trading is for them, if they can actually handle all the anxiety and stress that comes with trading, if they can, it's wise for them to take out time to learn the art of trading, invest very little amount of money at a time, and invest alot of time in learning the art of trading, get to a professional level before investing huge sums of money.
Following this strategy will help one live longer and a happier life with low stress and anxiety.

zanezane

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Why would you run though? If you didn't fail or lose big money in trading and you still have money to start over, there is always hope for recovery when you are trading. If you were to run away because you failed then trading isn't for you because at the beginning, trading is going to be full of losses although it will be mitigated depending on how knowledgeable you are in trading and if you have some experience before doing actual trading.

LimLims

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It’s really very rare that i have often failed in trading.
Or in a different OP how you are defining “Fail” in trading?
When i buy coins and it doesn’t give enough profit, then i wait for it to grow or if no stronger hint of growing, then i sell it.
Then I realise the mistakes i done, how i became greed to choose that particular coin.
Next time from my realisation, I figured out when choosing the next coin i will do proper research and buy the coin.

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