Do you run when you fail or loose in a trade? - page 5.

BuNga_cute

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Quote from: Oilacris on July 04, 2021, 02:33:40 PM

Quote from: geegaw on July 04, 2021, 09:47:50 AM

Quote from: BuNga_cute on July 04, 2021, 05:50:32 AM

Quote from: Karish2return on July 04, 2021, 05:40:35 AM

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Patience is useful in many ways, as well as trading, we really have to be patient if we experience losses. Because patience will provide an opportunity
for us to compensate for the losses we experience, the crypto market is very volatile, so today we are losing. But a few days later we can get profit.
The most important thing is that when the coins we have price drop, don't panic and rush to sell them. We can be patient holding the coins until
the price goes up again, never run away when we fail.

Some people like to estimate that a few failures are the general and irreversible outcome of trading while it is a fact that trading will be such a series of failures then form the wins and sum up the year end, which will be the profit, and just looking at a process with many parts is quite complicated, short time will not be successful and they need to be patient. However, patience becomes a weakness for too many people, they need to take the last steps of profit but they don't know what the market is asking them to do, running away in the middle of the road after coming back will also start from that point

A matter of mindset of each person because few fails or mistakes wont really be that a solid reason for you to quit up directly just because you do lost money.Its part of the process and if you do

have that kind of mindset nor emotional instability then you would really be ending up on quitting directly or simply run out just to avoid the things you are currently engaging.
Patience is really a main thing needed on these kind of situation, you cant make out perfect trades and end up on profiting in the end of the day.

Always mind off on the risk involved and the probabilities of failure and minding on how to overcome those situations.

People who experience a few failures and lose small amounts are not a strong reason for people to stop trading. But if the failure is experienced
resulting in losing large amounts of money, maybe this is what makes people start thinking about quitting. Therefore we must have a mindset
that loss or failure is a process that must be passed to become a successful trader. Another thing we must have when trading as I have said
before is patience, sometimes the process of failure that we have to go through is quite long. Therefore, without patience, people will easily
despair and will run away if they experience a loss.

milewilda

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Quote from: dotcoin.info on July 06, 2021, 12:34:35 PM

This often happens when people are placing too much hope and overestimating their risks. I myself got into similar states when I lost 80% of the deposit on stupid mistakes, it was killing me.
The most offensive thing is that such things are done on emotions, in a swagger, not according to the plan, but if I went according to the plan I developed, everything would be fine. In part, all of this is related to risk assessment.

And that all would be gained through experience because this is the only thing you do need because you cant get all things in one go on first try or being just new and committing mistakes is just normal and this is why
when you do gain experience you would really able to lessen those risk and trying to sustain yourself in the market for too long.Fear and anxiety would be part and just like been others saying that those mistakes are
stepping stones on your progress as a trader, you wouldnt become any better if you dont learn from your mistakes but instead you do turn back and never came back.
If you do pursue as a crypto trader and really target or does have a goal on making profits then you should accept these kind of possible scenarios.

SirLancelot

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First of all, I will like to point out that some of those people you see that are like that have no single interest in cryptocurrency. They just saw or heard someone make huge profit from trading cryptocurrency and got rich, so they just hop on it expecting to become the world’s next richest man overnight.

So, a lot of them deserve what they get. They don’t even ask questions for people to teach them how it works or even seek for advise for the right they should trade, rather the just hop on it and start trading with all their money all at once and they lose it. How can you lose all your money in trading if not that you’re trading all at once? But you’re being advised to trade with 5% and some people even trade with less than that.

dotcoin.info

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This often happens when people are placing too much hope and overestimating their risks. I myself got into similar states when I lost 80% of the deposit on stupid mistakes, it was killing me.
The most offensive thing is that such things are done on emotions, in a swagger, not according to the plan, but if I went according to the plan I developed, everything would be fine. In part, all of this is related to risk assessment.

Xhong54

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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

2double0

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It is our mistake that we commit while trading, then why should we blame crypto for those mistakes? (This is for that guy who advocates against crypto now).

Going behind every loss is not good, but a few losses which were highly unexpected should be looked for, and the reasons must be written down so that the trader does not repeat it again in future.

Smartvirus

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Before I say anything, let me put something straight first. There is a difference between taking occasional breaks and actually running away or being scared away by the market. One is more about you taking a step back, it could be days, weeks, months and so, to look back at your steps, trace your mistakes, build a strategy and maybe gather funds before coming back to trade. While, the other which is,

Being scared away by the market or running off after some huge loses, this is actually the one that tells you, you've failed. Your never a failure until you quite on a thing then, it becomes a proven fact that, its actually above you.

Then a questions comes to mind and that is, 'How then do you say a thing is not yours?"
Because, its in trying that you can actually answer that question but then, how do you not get termed a failure after you make this discovery...?

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Quote from: RealMalatesta on July 05, 2021, 02:11:33 PM

Yeah, although sometimes the mistake is so costly and deadly that you cannot recover from it even if you have learned certain things. I had a friend who lost around 80% of his allocated trading capital within the few days of his trading career and despite knowing the mistake he made (putting too much money in few trades instead of trading more with smaller amounts) he even today is still recovering the loss and it would take quite some time to recover it fully. Good thing for him though that he will never make big trades in the future because when you work so hard to fill a hole that took 5-6 days to dig, you will never again dig it that deep.

By the way, losing in trading and failing in trading are two separate concepts. Losing is part of trading, no one can always profit or win. Failing in trading means you don't have the requisite knowledge or the temperament to trade.

The mistakes made when you have to lose 80% of the capital will certainly be very painful. However, if you only trade on the spot market and buy coins that still have potential such as ETH, BNB and several other altcoins, of course you can still return to the original price (but it takes a long time). Most importantly don't buy shitcoin and then Rugpull. A drop of up to 80% is likely to buy at too high a price when the bitcoin pump price and the current bitcoin price crashes, altcoins crash and are in deep prices.
Capital management is very necessary and has a useful reserve to restore the current state.
Stable emotions will also influence the decisions made while trading.

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Quote from: DarkDays on July 05, 2021, 01:25:17 PM

If you run from failure, then failure will follow you around no matter where you go.

To rise above that one must learn from failure and learn to confront it not run away. This is true for trading as much as anything else in life! True facts.

You wont progress or making yourself improve if you dont face up your mistakes or failures because there's no other way on enhancing or making yourself better if not facing up those challenges.

If you do ran away then nothing changes but if you do face it and try to overcome it then you would really show some progress or improvement on the way you do trade.

You should be having this kind of mindset because dealing with market is really unpredictable and you are really prone to losses.

RealMalatesta

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Quote from: Rajamuda on July 04, 2021, 09:48:32 AM

There is no need to run, it is a sense of despair, it is better to make previous mistakes a motivator for the next step. Here in addition to the short term, of course there is option for the long term as a good opportunity to get another opportunity to make a profit. It's good that we can have some/another efforts to handle the possibilities that occur in trade

Yeah, although sometimes the mistake is so costly and deadly that you cannot recover from it even if you have learned certain things. I had a friend who lost around 80% of his allocated trading capital within the few days of his trading career and despite knowing the mistake he made (putting too much money in few trades instead of trading more with smaller amounts) he even today is still recovering the loss and it would take quite some time to recover it fully. Good thing for him though that he will never make big trades in the future because when you work so hard to fill a hole that took 5-6 days to dig, you will never again dig it that deep.

By the way, losing in trading and failing in trading are two separate concepts. Losing is part of trading, no one can always profit or win. Failing in trading means you don't have the requisite knowledge or the temperament to trade.

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Quote from: fullhdpixel on July 05, 2021, 06:20:06 AM

Good that you aren't running after having a loss in trading but I don't think many guys will admit that they stop trading after loss publicly. There is a certain guilt people feel while accepting such things but I personally acknowledged that trading a certain type of coins was not working for me at all and I am proud to say that I have stopped trading such coins, mainly pump and dump coins.

I do lose in day trading and leverage trading at times but I know it's part of the learning curve and good thing that I am not making the same mistake and every day I realize and learn something new. I never took stop-loss seriously until recently when it saved me from a pretty big loss. Losing is nothing to be worried or ashamed about, learning from the mistake is important.

For some reason there is this toxic macho attitude in the crypto trading world where saying you were wrong is seen as some weakness. I do not know why people think that way and we all know that it is not like that in the long run but unfortunately that is the case for the crypto world. Making a mistake is very human, we all make mistakes, and you said that crypto will do this but it did the opposite is the bare minimum of being a mistake, many many people make mistakes, that is why there are people who lose money to begin with, not everyone can make a profit, there are even times when most lose money like the recent crash.

However you do not see people who come out and say "I know I said it will go up, but I was wrong and it went down" because in that case everyone will mock you forever even if 100 other times you were right, and people do not like to be mocked forever as understandably so.

DarkDays

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If you run from failure, then failure will follow you around no matter where you go.

To rise above that one must learn from failure and learn to confront it not run away. This is true for trading as much as anything else in life! True facts.

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Quote from: rhodelmabanal on July 04, 2021, 03:30:11 PM

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

Indeed, we need to learn from the market situation so that we can take advantage of the market when every new users are going to panic in future correction. Also, give up or running from failing is bad idea when we can learn from our previous trades. Also, many of us already become quite skillful who are in this market from the previous bull season as we know many more bull season is waiting for us and we'll sure to recover from loss and will sure to make profits in those bull season. So it's best to be a diamond hand hodler. Cheesy

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Quote from: lenovop-70 on July 05, 2021, 12:06:58 PM

I am the one from many people who comeback from lossing money in the crypto market, i believe that my loss today is a lesson for useful knowledge later, i can say it now, before it, it was very painful when i am home from market with some losses.
Just learn from your pain, and you will find out what exactly your next move. Crypto teach us to be sincere, and ready for anything will happened next, being rich from crypto is a must, but to be poor from crypto is a bonus, so be careful.

Regarding peoples that spoke bitterly against cryptotrading, its their right to say it, as long as he doesn't commit a crime against me, it's up to him what he wants to say, I don't really think about people like that. Grin

Nevermind those kind of people as they don't have any count in terms on your personal growth, let them bashed you or the market that you are working.

If you managed to you use failures as your source of knowledge then letting those negative people behind and continue to progress is a must for you to able to achieved more success along the way.

It's very important to deal with this kind of attitude as it will developed more positivity inside you.

lenovop-70

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I am the one from many people who comeback from lossing money in the crypto market, i believe that my loss today is a lesson for useful knowledge later, i can say it now, before it, it was very painful when i am home from market with some losses.
Just learn from your pain, and you will find out what exactly your next move. Crypto teach us to be sincere, and ready for anything will happened next, being rich from crypto is a must, but to be poor from crypto is a bonus, so be careful.

Regarding peoples that spoke bitterly against cryptotrading, its their right to say it, as long as he doesn't commit a crime against me, it's up to him what he wants to say, I don't really think about people like that. Grin

fullhdpixel

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Quote from: Karish2return on July 04, 2021, 05:40:35 AM

No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

Good that you aren't running after having a loss in trading but I don't think many guys will admit that they stop trading after loss publicly. There is a certain guilt people feel while accepting such things but I personally acknowledged that trading a certain type of coins was not working for me at all and I am proud to say that I have stopped trading such coins, mainly pump and dump coins.

I do lose in day trading and leverage trading at times but I know it's part of the learning curve and good thing that I am not making the same mistake and every day I realize and learn something new. I never took stop-loss seriously until recently when it saved me from a pretty big loss. Losing is nothing to be worried or ashamed about, learning from the mistake is important.

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

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(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)

Losses while trading cryptocurrencies is painful. It's even more painful for new and beginning traders who thought that crypto is supposed to be a get rich quick scheme or an avenue to make money faster and achieve your retirement goals. But in reality, it's not the case. That's why when they come across losses, they are quick to jump into depression and come up with the conclusion that crypto trading is not a good venture for anyone to dive it. As someone who has been in crypto for a while, I've accepted that in every trade I take, there is a chance that the market might not go the way I originally planned it. So I set up additional plans to counter incase it goes sideways.

- Go back to the drawing board and figure out what went wrong.
- analyse and evaluate
- Make better trading decisions based on lessons learnt from the losses and work on prevent such again.

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Quote from: rhodelmabanal on July 04, 2021, 03:30:11 PM

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn.

If someone sees the potential on one's market, he will have to learn a lot from it even he knows that there's going to be some losses on its way. Well, that's very natural if you want to thrive and become at least good at trading, you have to adopt the market and learn from those mistakes. It's a continuous study.

Quote from: rhodelmabanal on July 04, 2021, 03:30:11 PM

If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

There's no coming back if a trader don't want to recover his losses but not all the traders that don't come back are not really coming back. If the losses are putting much stress, take time to meditate and study again with those losses.

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Quote from: seleme on July 04, 2021, 04:21:46 PM

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This is true for those who trade with their own money which doesn't make him feel bad in 80% loss in a week. For margin traders, this argument is not true because their capital will be zero if the market price doesn't go back the original bought level. HODL is best when you are an early bird and the middle market fluctuations have no effect on your investment.

Market investment should be done with your savings and not with your emergency funds and the first lesson everyone should learn is that never take a loan and think that you will be able to multiply your money in a short period of time because of the high volatility. The pressure of returning will mess you up completely. Holding for the long term and investing when the market is bleeding is the only way to trade without much stress.

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Quote from: rhodelmabanal on July 04, 2021, 03:30:11 PM

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

This is true for those who trade with their own money which doesn't make him feel bad in 80% loss in a week. For margin traders, this argument is not true because their capital will be zero if the market price doesn't go back the original bought level. HODL is best when you are an early bird and the middle market fluctuations have no effect on your investment.

Topic: Do you run when you fail or loose in a trade? - page 5. (Read 1760 times)