losing in trading is a good thing, because from that mistake we can take lessons, just like me, I once lost $ 500 in futures trading,
Unless it was an avoidable mistake and an expensive one because that means that your prospective career as a trader is going to get cut short. You don't even have to commit mistakes to learn, there are people out there that have made the mistakes, learn from them.
Topic: Do you run when you fail or loose in a trade? - page 7. (Read 1760 times)
It is not the right decision to run away when you lose in your trading. If you run when you fail or lose, you do not learn about the reason for your failure or loss. Those people who run when they fail or lose, do not succeed in their life and profession. When I fail in my work, I try to find out the reason for failure and try to fix it. If my strategy does not perfect for my purpose, I change it and apply a new one to overcome the loss. We should keep learning about our mistakes and try for success again and again.
Many trader include me was make big mistake and loss alot money when the market turn in to bearish in 2018 from the long bullish season in 2016 and 2017. From that experienced, i decide when i make alot profit for current trading i will make withdrawal of profit to buy other asset that has low risk. Because in bullish season on 2017 i was put alot of money on crypto and i can not control my greedy. So keep learn from the mistake and dont to much greedy will make us become better trader or investor who will keep make money.
Exchanging isn't simple and not every person ought to be engaged with it. Numerous individuals are eager since they feel that cash can be produced using exchanging yet only one out of every odd body have the enthusiasm. I, when all is said and done, really like to consider my disappointments. for novices there is still a ton of information that should be realized when it falls flat, discover where the missteps in genuine exchanging are and will discover points of blunder and can be revised to be accomplishment later on
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
The best idea I can give a new trader is to diversify your money across your multiple coins. If we don't put all our money into one coin than the risk of losing our money is much lower. The chances of losing across 5 different coins at once is very small. If we own multiple coins than our loss in one coin should be offset by the winnings in another. The second advice I think is good to follow is our risk management. We should clarify before buying a coin what our potential losses can be, how much we are willing to let a coin drop in value before we sell. If then put in limit orders at these level, for example 15% below our buy price than we can protect ourselves from a complete loss.
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 run but I took a break. Before I enter trading, I know I will feel sad if I lose in trading but the thing is I just "knew" it. I didn't realized how does it feel or how to be on the situation after losing. I am very strict when it comes to money. I follow my limits. I always budget my allowance that is why I got into depression the first time I lose my money. After all sleepless nights just to post on campaign, I earned tokens then trade it and I just lose all those efforts. I found a way to recover and that is by long term invest to bitcoin. I know I still didn't get back all of my losses but knowing that this time I've done something right, I'm relieved.
Ask any successful trader out there, you'd realise that every single one of them have had trades that were not successful at some point or the other. Only imagine if they had, because of that, quit trading. They obviously won't become successful traders that they are.
One of the reasons people lose so much while trading is actually they don't take risk management so seriously. They consider it not necessary while placing trades and that's why they lose so much. If you'd ask me, setting stop loss is one of the most important form of risk management and it's benefits cannot be overemphasised.
If there's someone who's lost money while trading, take a break and cool off to help deal with your emotional health. Learn from hour mistakes and then bounce right back in.
One of the reasons people lose so much while trading is actually they don't take risk management so seriously. They consider it not necessary while placing trades and that's why they lose so much. If you'd ask me, setting stop loss is one of the most important form of risk management and it's benefits cannot be overemphasised.
If there's someone who's lost money while trading, take a break and cool off to help deal with your emotional health. Learn from hour mistakes and then bounce right back in.
No trader has no story of failure, every trader has their own kind of failure story that gaves them moral lesson and most especially figured out their trading mistakes that they should noted of in case in doing their next trading.
I, myself did experienced failures too but what I have done was not totally running out due to failure but instead I am stopping for a while and getting my full mind to take rest because i felt that if I didn't stop I will definitely commit more mistakes and failure.
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If I lose in trading, I will not run from the loss. I will keep trying to trade. But I will take a break for a while to calm myself down and rest to analyze better than before in the next few days. That is important for us to learn from the mistake that we made before to know what we need to fix and have a better chance to make a profit. It is normal to lose from trading, but how we can deal with that is a matter that every trader can not do because that will be hard to accept the loss.
That is a good approach in dealing with your loss, knowing your mistake, find out what have you done working, and making a better analysis. Taking a break from having a consecutive loss is necessary for you to calm your mind and get out of the pressure because emotions have a big impact upon dealing with your trades. Loss is just part of our trades this became our lesson to not repeat the same mistake. Well, I can't blame that person who OP mentioned on his thread but I can't blame him, you should know your limitation, don't trade if you can't able to handle your loss.
It depends on the situation maybe trying to figure out the graph first before i ran into that specific coin. You can buy low sell low also if you go unto the deep of the coin you can simply make counter against losses. Sametimes if i fall i will choose another coin to buy to reclaim losses and be efficient in trading.
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 did not use leverage in my trading so I could not feel what he experienced. But I did have a losing trades but I did not ran or stop trading cryptocurrency. Instead it encouraged me to study more to improve my trading system. 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)
Some basics for trading:
Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn
Those are at least that I always put in mine. When we are ready with those, we will not run after losing. Losing is part of what we will get in trading, even whales also ever lose. But, we must also take the lessons why we lost and make it for evaluating the strategy and decision
dont be a panic man, and train our mental, dicipline with our trade plan . maybe i add my point to complete your suggestion. with this key , i am sure we will able to face various wave in market , no big loss when make mistake. most of traders forget this point in my opinion and we have to traine our self so feel comfort when do it. Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn
Those are at least that I always put in mine. When we are ready with those, we will not run after losing. Losing is part of what we will get in trading, even whales also ever lose. But, we must also take the lessons why we lost and make it for evaluating the strategy and decision
Some basics for trading:
Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn
Those are at least that I always put in mine. When we are ready with those, we will not run after losing. Losing is part of what we will get in trading, even whales also ever lose. But, we must also take the lessons why we lost and make it for evaluating the strategy and decision
Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn
Those are at least that I always put in mine. When we are ready with those, we will not run after losing. Losing is part of what we will get in trading, even whales also ever lose. But, we must also take the lessons why we lost and make it for evaluating the strategy and decision
If we just lose at once or two or three, that still manageable but if we find nothing has changed and the result still at loss, we better think to stop trading as this was not the right place for us. Quitting is not about we are giving up, it is just like we found out that trading is not for us and we don't need to force ourselves into this as we are certainly be losing again and again if we have to do it.
We decided to have the best and brighter future and deciding to leave trading is the smartest thing we did.
We failed in trading but who knows if we are good in the others. Just a need to find where we become comfortable.
We decided to have the best and brighter future and deciding to leave trading is the smartest thing we did.
We failed in trading but who knows if we are good in the others. Just a need to find where we become comfortable.
Ask any successful trader out there, you'd realise that every single one of them have had trades that were not successful at some point or the other. Only imagine if they had, because of that, quit trading. They obviously won't become successful traders that they are.
One of the reasons people lose so much while trading is actually they don't take risk management so seriously. They consider it not necessary while placing trades and that's why they lose so much. If you'd ask me, setting stop loss is one of the most important form of risk management and it's benefits cannot be overemphasised.
If there's someone who's lost money while trading, take a break and cool off to help deal with your emotional health. Learn from hour mistakes and then bounce right back in.
One of the reasons people lose so much while trading is actually they don't take risk management so seriously. They consider it not necessary while placing trades and that's why they lose so much. If you'd ask me, setting stop loss is one of the most important form of risk management and it's benefits cannot be overemphasised.
If there's someone who's lost money while trading, take a break and cool off to help deal with your emotional health. Learn from hour mistakes and then bounce right back in.
Running away doesn't make you weak or a loser when your trades aren't favorable and it's only just giving you stress. It's a way for you to recharge and rethink what could have been wrong with your strategies.
It's like you're just looking for a way to flush all of the stress that you have for you to have a better way of thinking which will make you have a fresh mind after you've taken a rest.
It's like you're just looking for a way to flush all of the stress that you have for you to have a better way of thinking which will make you have a fresh mind after you've taken a rest.
To be honest (going away after loss or fail) it’s not a criteria of a professional trader. So who is a professional trader or who have atleast some basic ideas in crypto trading will not do that imo.
And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose
Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.
I do have the same behavior as yours on the time i do really lose up money in trading then the thing i do commonly do is to try to rethink my strategies and trying to And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose
Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.
plan on getting those back which would really involved lots of trial and error.Im not really getting into the point on where you do make it as a gambling
where desperation and getting out of control or being impatient just because you do lost money.I cant really blame off somebody with that because
its just normal for us to freak out but we should be mindful towards into our next possible move.
I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade
Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.
I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.
Of course if you risk your money with leverages, margin trading and many other method where it is totally gone when you trade, you will lose money and be upset over it as well. How could you lose money if you only hold bitcoin and wait for it to go up? There is no way to lose that, as long as you can wait long enough time. So it is not about if trading and losing is bad, it is about how you trade and how you approach your losses.
This is actually what happens frequently in crypto, people jump into trading when there hear testimonies of other people and eventually looses all there got to trading which now makes them feel depressed and some even fall sick, but so bad not everyone take it as a challenge which there should face and come back to trading and sort out the reason for the lose, people give up so easily. When I was new to crypto trade I traded and got liquidated, I almost fell sick and stayed away for months and came back to trading and still get liquidated but this time I took it up as a challenge and said since the market can take from me! I can also take back from the market which led me to making researches and met a boss who taught me of risk management, ever since I never remain the same, am now a successful trader making up profits from most of my trades, this is the power of knowledge and also not giving up.
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To be honest (going away after loss or fail) it’s not a criteria of a professional trader. So who is a professional trader or who have atleast some basic ideas in crypto trading will not do that imo.
And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose
Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.
And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose
Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.
I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade
Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.
I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.
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