Topic: How can you manage potential losses during a crash - page 4. (Read 1190 times)
The decline is already clear within a week. I think it's enough to follow a week. It makes sense to sell later. You also need to monitor the falling spots. It makes sense to buy again at a value below what you sell at this point. There is no place to fall after this point and the tendency to rise will begin.
I have never thought about the potential losses during a crash. As for me, this is not likely to happen as I stick to the long-term hold strategy. I think that you need to be good at math and different calculations. You need to know how the system works
long time strategy need big self confidence.without this aspect, while market crash we will being panic and soll all asset that we have.but if we have decided about this strategy it sure that we have main reason.I have never thought about the potential losses during a crash. As for me, this is not likely to happen as I stick to the long-term hold strategy. I think that you need to be good at math and different calculations. You need to know how the system works
long time strategy need big self confidence.without this aspect, while market crash we will being panic and soll all asset that we have.but if we have decided about this strategy it sure that we have main reason. 
There is no particular answer for that. Diversify. If you can afford it, don't store everything in crypto, buy some gold or reliable real estate.
Actually this is what you call correct budgeting. When you invest and plan how much to sell your coins, consider that there may be times for you to wait so you have to include that in your budget so you won't feel the losses when it's crash and you are waiting for another time again to sell your cryptocoins. Preparation is still the best weapon. Learn to budget.
I have never thought about the potential losses during a crash. As for me, this is not likely to happen as I stick to the long-term hold strategy. I think that you need to be good at math and different calculations. You need to know how the system works
Forget panic selling during crash because your losses will be too high, take the risk of holding and be patient.
Sometimes it is not your fault that you lost something. do not take these losses close to your heart. Go somewhere to rest and relax, and after that return to work.
Forget panic selling during crash because your losses will be too high, take the risk of holding and be patient.
Your approach is quite okay but with High risk, as there are time when the crash is always tragic, My rule is to always take part of my capital ones my stake is at 2X and strategically observe the roadmap of the project or crypto news to determine what I do per time.
During crash, best is to hold. Just be patient.
nice answer. Lol honestly hodl is the best strategy and patience in doing trading .cause its not safe if you sell while the price is decreasing it will cost alot, so we need to ride the bear instead of selling 'cause there's no permanent situation, and indeed it will climb again after the bearish.
Well, in every failure that I made, I'd rather choose to start all over again than stop and accept the fact that I've failed. It is better to try again because it is just one opportunity that have been lost, and there are millions of opportunities out there that is waiting for all of us.
If you are really smart, you are also able to set up a bot to monitor the status and buy/sell when needed. But the bot won't recognize a crash from a graduate and final fall.
Waiting is better then just nothing or panic selling in cryptos, So I think we need to do this. If you don't want wait you must be prepared that will be very hard to trade on so bearish market
The most common answer to this question will be to hoard and to wait for the correction to reduce or elimate your potential losses.
My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.
What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.
So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.
My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.
Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.
Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0
In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work.
My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.
What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.
So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.
My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.
Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.
Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0
In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work.
I see you are banking on small wins on a daily basis. Well, good idea! Thank you for sharing your strategy!
I have once made a huge mistake wherein I keep banking on huge wins, yet very momentarily I get dismayed because there is always a 50% chance that I lose a big amount as well. Hence, I am all for making small wins but on a more regular basis.
Nonetheless, I do not think it is good to apply the aforesaid strategy every so often because of Bitcoin market's volatility. It will always be case-to-case basis. That being said, there is always a need to assess the current market before embarking onto any strategies.
Losses shouldn't be take heartfully. We should use it as a lesson and also a weapon so it wouldn't happen again. We must learn ahead. Losses is part of trading, but it doesn't mean to make you quit.
Loses shouldn't be taking heartfully, that's true, and that's the reason you have to risk management because if you won't, you may find yourself losing more then you could afford to lose and then you will have to take it heartfully.As said above, the best way to manage loses would be through stop loses orders, when you enter a trade, make sure you know at what point you exit the trade even if you are in a deep lose.
Always take into consideration that stop loses orders may trigger lower then expected as when the market falls it's hard to sell.
That's called the Martingale System, when someone doubles every losing bet on the assumption that because the previous result was X the next result is more likely to by Y. That's not true, each result has the exact same odds of happening because future events are not linked to previous events. Applying Martingale to trading is just as faulty. What goes down is not guaranteed to go back up.
Losses shouldn't be take heartfully. We should use it as a lesson and also a weapon so it wouldn't happen again. We must learn ahead. Losses is part of trading, but it doesn't mean to make you quit.
Loses shouldn't be taking heartfully, that's true, and that's the reason you have to risk management because if you won't, you may find yourself losing more then you could afford to lose and then you will have to take it heartfully.As said above, the best way to manage loses would be through stop loses orders, when you enter a trade, make sure you know at what point you exit the trade even if you are in a deep lose.
Always take into consideration that stop loses orders may trigger lower then expected as when the market falls it's hard to sell.
The most common answer to this question will be to hoard and to wait for the correction to reduce or elimate your potential losses.
My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.
What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.
So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.
My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.
Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.
Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0
In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work.
My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.
What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.
So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.
My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.
Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.
Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0
In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work.
I just stay calm and just think positively because if you just stay calm your ego will not affect your overall permormance in you r work because i consider this thing a job yes because i gain money and at the same time i do thing to it. Being pessimistic is just gonna ruined all of your strategy. Because i always think that every after crash or even if i just lose money i always think and keeps on my mind that i will win that bacl again.
Any trading patterns work under certain conditions and assumptions.
Your method suggest that the price will one day go back up after the drop (so your decision of purchase is based on it).
Then ask yourself a question, if you know for sure that price will go up in the future, why you don't already put everything now?
If you assume that future price is completely unknown, your strategy will be very different from the one you stated.
Your method suggest that the price will one day go back up after the drop (so your decision of purchase is based on it).
Then ask yourself a question, if you know for sure that price will go up in the future, why you don't already put everything now?
If you assume that future price is completely unknown, your strategy will be very different from the one you stated.
There's no guarantee in this strategy but it might help somehow if you are looking for other ways to take advantage the current situation. This is also risky and needs enough time to be able to do it but I cant manage to do this as I also have other things to attend to.
What I do during crash is I buy more coins as much as possible. I treat it as a sale dates, but more coins for a lesser value, HOLD and wait for its value to go up again, so once you sell, you already have a greater profit. Key is be patient and don't let FUD get into you.
Well thats the rule that we should follow to earn in crytpos, dont let the dip affect your decision to be firm to wait for the right time to sell and not become a weak investor.Losses shouldn't be take heartfully. We should use it as a lesson and also a weapon so it wouldn't happen again. We must learn ahead. Losses is part of trading, but it doesn't mean to make you quit.
Loses shouldn't be taking heartfully, that's true, and that's the reason you have to risk management because if you won't, you may find yourself losing more then you could afford to lose and then you will have to take it heartfully.As said above, the best way to manage loses would be through stop loses orders, when you enter a trade, make sure you know at what point you exit the trade even if you are in a deep lose.
Always take into consideration that stop loses orders may trigger lower then expected as when the market falls it's hard to sell.
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