Pages:
Author

Topic: Do you run when you fail or loose in a trade? - page 9. (Read 1734 times)

full member
Activity: 1292
Merit: 101
Vave.com
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)



You have to build your strategy beforehand and follow through. If you lose a trade, you take a rest and come back when you're ready for another round. As long as you keep learning you will start making profitable trades. Panicking can only happen when you give into your emotions instead of following technical indicators.
The more important that how much we have learn from the loosing. I think it is the best way to keep getting profit on trading. I actually follow my strategy and never fall down on it. I have lost many trading but i always put stop less that helps me to decrease my losses and make high ratio on my profit. So i think you need to have more patience before starting your trade.
member
Activity: 1148
Merit: 58
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.
But you did not mentioned why He Lose all , and in what way.. But if this is a legit Trading that he fails? then He is stupid to feel that way when it was His own choice and mistakes.
Quote
-

"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
I have Lose in trade back then but i did not stop trying until i finally made a Hit and continues up to now.

Losers has no place in this market.
Quote
(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)



First >>>>> Mind Set = You Must know the risk and ready for the Outcome .

Second >>> Making Right Decision = never set for Big Wins , instead be contented with a little but sure profit.
hero member
Activity: 1540
Merit: 500
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)



You have to build your strategy beforehand and follow through. If you lose a trade, you take a rest and come back when you're ready for another round. As long as you keep learning you will start making profitable trades. Panicking can only happen when you give into your emotions instead of following technical indicators.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

I believe that's what makes the difference, you'll hardly see any quick money seeker do such. They probably will move on to sometimes less stressful and appealing like entrusting their funds to some random online traders or invest in project that promise daily fixed return.

Only those truly interested in perfecting the act of trading will reflect on the decisions they took that made the trade unsuccessful. The works doesn't end there, you also have to work on correctly that mistakes you made and not just let it go.

Professional traders has something in common they gathered the experience they currently have from frequently learning from their mistakes so if you intend to have a successful trading career then you must do the same.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
I do not momentarily run once I experience loss in trading for I just barely know that such is a part of doing trading. What I just do is rest for a while and observing the market and once I got something in mind that I think can help me out, I will come back again to try and the process repeats on a cycle. I just keep on trying until I get through that because if you will just keep on running and is afraid or having a hard time facing losses, then you will not grow for you will be just facing lots of stresses and that will not help you out surviving trading with crypto.
hero member
Activity: 2408
Merit: 584
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?"
This is nothing, I have seen a lot of people like that. I can remember the last person I met, a lady, and she was telling me how she lost money in trading bitcoin. I tried to make her understand, but she said that she has already made up her mind never to trade cryptocurrency again and will never do that. Such a person will try to discourage her friends and others from trading and investing in cryptocurrency. She keeps saying that bitcoin is a scam.

There are so many people like that who lose their money in trading, and it happens everyday to a lot of people, and some of them run from it and call it a scam, it’s going to be really hard to convince them to invest their money and time in it again.
sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
I know my mistake, which is easy to get panic and fomo. Always late to get information, and then afraid to missed train. Buy ask, then lose, repeat. For now i only buy coins that i think good or maybe usable by people like ETH in past, which is used by a lot of tokens to be fees and needed and maybe now there are a lot of coins to buy and hold. Since i know my mistake, i change my trading way and now only buy and hold.
legendary
Activity: 3248
Merit: 1128
Experience should be used as a lesson to improve strategies and the ability to control emotions. You don't have to run from failure, but don't be too obsessed with returning your losses in a short time, there is no such process.
When traders are making use of their own experience as practical lesson then they can slowly become professional traders and when they are trading like professionals then there will be no possibilities for them to get afraid of failures hence there will be no need of running away after losses.

The only required thing here is, traders must learn out of their mistakes; but most traders will simply move on after committing a mistake which enables them to keep on repeating the same mistake again and again. So, until we are making use of our own mistakes, we cannot trade like pro traders and may need to run away after experiencing each failed trade.
hero member
Activity: 1456
Merit: 501
DGbet.fun - Crypto Sportsbook
running is not a good option because it wont help it. the first thing to find out is why the trade goes against you and then try to correct it against next time.
Well, if running can reverse and manipulate success and failure in trading, I am sure many people will try to run continuously every day here but really in vain, the cash loss is not reversed when we are using the wrong method. The right method must be to keep running in failure, more failures will know the correct stand-up point and avoid subsequent failures, the disappearing cash flow will begin to recover in such a way but on the contrary, the disappearance of the cash flow can become permanent through the time we flee from failure
hero member
Activity: 1764
Merit: 696
[Nope]No hype delivers more than hope
I have been in trading for 3 years and several times I suffered losses leaving only 20-30% of my total capital. The problem is I can't control myself when the market suddenly fluctuates rapidly and ignores the previous strategy to become a scalper especially trying to trade on newly registered coins.

Experience should be used as a lesson to improve strategies and the ability to control emotions. You don't have to run from failure, but don't be too obsessed with returning your losses in a short time, there is no such process.
sr. member
Activity: 1274
Merit: 293
I always say stay in any position even if you fail to trade. because running will not return our profit. so my advice is to take it slowly and learn from mistakes so that we know where our mistakes are so that failure befalls us. so I thought don't run and fix the mistake
You still have to know when to give up because sometimes quitting is the rational and healthy way to do. Don't just do trading because there are more ways to make money besides that and if you are looking for a big profit, you won't find it in there because it is impossible to predict where the market is landing every second.
hero member
Activity: 2352
Merit: 594
(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)

As there is a saying in our country, take a break but never quit. I've also experienced to lose alot of money when I tried futures trading, I was really tempted to try it because of the gains I see from my friends on social media. I started with a 100$ capital and managed to make it 300$ that time. Without knowing the risks of it I was still going 50% of my capital per trade until market correction happened. It got me liquidated that time and been depressed for a couple of days thinking about how to recover it. By realizing my mistakes during those times, I told myself that I should not rush to recover it or else I will just repeat the same mistake again. I've avoided doing future trading for now and just trade on spot while applying the skill I learn from watching videos everyday on youtube.
full member
Activity: 1526
Merit: 111
Pepemo.vip
I always say stay in any position even if you fail to trade. because running will not return our profit. so my advice is to take it slowly and learn from mistakes so that we know where our mistakes are so that failure befalls us. so I thought don't run and fix the mistake
Trading does seem easy, but there are many things that we have to learn, there is no history of a professional trader in the first place to be successful immediately, of course they go through a complicated process. I personally also like you, study and learn to achieve success
full member
Activity: 733
Merit: 100
I always say stay in any position even if you fail to trade. because running will not return our profit. so my advice is to take it slowly and learn from mistakes so that we know where our mistakes are so that failure befalls us. so I thought don't run and fix the mistake
hero member
Activity: 2464
Merit: 585
running is not a good option because it wont help it. the first thing to find out is why the trade goes against you and then try to correct it against next time.
If traders are capable of learning from their experience then definitely they will never think about running away from their commitments. Only for the traders who are really ignorant about what makes them losing in trades, might be choosing running away as an option to skip all their responsibilities. If we are not ready to face the consequences then we should not get into trading at first hand. Trading is all about testing our psychological and analytical capabilities hence we should be ready to face anything.

Personally after a losing trade I'm just going for root-cause analysis to find out what the things have gone in other way so that which are leading me to losses. I will try to rectify those mistakes so that I will not repeat same mistake to avoid another loss. So, I never think about running away.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
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
How did his trading fortune disappear in one night? Was there a hack of his account or what actually happened?

"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
Of course, that's the hallmark of a good trader. You  review your trading strategy when you lose so as to find out where the issue may be from, and not scampering away and changing strategy without a review. Sometimes, it's necessary to even take some time off trading to cool off before returning to trading if you suffer a losing streak.


If you want to trade, don't risk more than 5% of your portfolio on a trade,
This will be very difficult to adhere to, especially for traders who find it difficult doing the maths of it. I don't stick to that, even though I have read it on several posts to stick to that (most people who advise this are not real traders but marketers and motivational speakers). I check the entry position and then calculate the win to loss ratio. If the win ration is great, I go in and set my SL. And allow the trade roll. That's it for me.

try not to make hops that can scare you (eg set up a trade late at night if you've just deposited so you won't check how it's doing while you're asleep).
Honestly, this is a bad habit and I believe those who trade on impulse will be fond of doing it. While place a trade you won't watch? Even if one places a SL, sometimes the TP can be missed by whiskers and then revert to hit SL. But if one were awake, one could easily take profit manually and save the trade.
jr. member
Activity: 187
Merit: 1
Sinjokubhi
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)



All must have experienced a loss or loss of a certain amount of capital or even all of their capital. Both trade and investment. We must be prepared to lose with what you have traded. How we fail, may not be counted later, because we may experience failure again. Even a professional might fail too. For how much we rise and learn from the mistakes we have experienced, it all depends on ourselves, how willing we are to get up and learn from these failures. So that later you will not experience the same failure in the future.

And about someone you meet. Usually the mistake lies in how we manage our assets on the coin. Sometimes we hold it for too long because we hope the price will continue to rise. This is a trait that harms a trader. Continued to expect profit, even though he had already reached the desired target, but his greed destroyed everything. Too longing for big profits and finally burnt, too ambitious to chase targets, but he was experiencing a lot of losses. Experiencing losses and losses make us eager to return our lost money. However, this will actually make us unable to think clearly, especially when there will be additional losses. If you feel that your mind is confused, stop for a moment to trade, calm down first, and if you are in prime condition, you can continue again.
full member
Activity: 896
Merit: 115
running is not a good option because it wont help it. the first thing to find out is why the trade goes against you and then try to correct it against next time.
legendary
Activity: 3122
Merit: 1140
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.
You wouldnt improve yourself as a trader if you dont really know on how to accept those losses because those things are the best teacher and once you do experience some losses
just because you did make some bad decisions then in next time you would really be surely aware on what are the things you've been doing.It might not give you 100% precision
but once you are aware on how this market works then that would really be helpful into your trading career.Dont easily give up nor get scared when you do lose money
because its always been part of this market where buy and sell do works.
legendary
Activity: 2338
Merit: 1124
Running away from responsibility will never help; either you need to quit completely or you should make yourself ready to perfect trading.
But, I believe if you run away just for small break then everything will may get fine. I mean that you should not continue your trading if you're facing losses. A break will help you to think differently and more importantly will help you to get back your focus. Losses are usually frustrating one hence instead of continuing with frustration, taking a short break must be a better option.

it is ourselves who can help us become good traders.
Yeah, you cannot expect all external helps/motivations to guide you all the times. After certain point, it should be self-driven. Losses and frustrations are common in trading but how we are accepting them, how we are handling them and how we are coming back from those losses is more important and will define our future.
Pages:
Jump to: