How do you deal with loss? - page 16.

BountyX

full member

Activity: 352

Merit: 100

Quote from: shamzblueworld on April 03, 2017, 07:16:12 AM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

Yesterday has given a perfect example of what do do. Market has tanked horribly. Those who have panic sold are now desperate today, when the market has bounced. Those who have held, are quite happy today since they didn't sell low.

podrick17

full member

Activity: 196

Merit: 100

I just simply close all my portfolio and exchanges, actually in crypto if you don't trade into cash all your investment you don't necessarily call it a loss because we all know that prices will suddenly go up later on.

pissyas

member

Activity: 140

Merit: 10

Quote from: gerald246kru on January 18, 2018, 11:00:23 AM

Quote from: pissyas on January 18, 2018, 10:57:06 AM

I have a great deal of experience with this because after reading some about trading and stuffs, I think I know enough and decided to do live trading. At first I was doing good then after some time, the price is going down and since I am confident that my strategy is working in the past trades

Yeah, Failure to control your emotion will ruin your technique, you need to be fully well grown because you start putting some bigger amount for trading otherwise you are just risking your money at a high level

Your emotion will control you in the game if you will let it and we know there are ups and downs in trading so we have to be strong and fully focus with our goal

gerald246kru

member

Activity: 294

Merit: 10

Quote from: pissyas on January 18, 2018, 10:57:06 AM

I have a great deal of experience with this because after reading some about trading and stuffs, I think I know enough and decided to do live trading. At first I was doing good then after some time, the price is going down and since I am confident that my strategy is working in the past trades

Yeah, Failure to control your emotion will ruin your technique, you need to be fully well grown because you start putting some bigger amount for trading otherwise you are just risking your money at a high level

pissyas

member

Activity: 140

Merit: 10

I have a great deal of experience with this because after reading some about trading and stuffs, I think I know enough and decided to do live trading. At first I was doing good then after some time, the price is going down and since I am confident that my strategy is working in the past trades

davidroux

sr. member

Activity: 625

Merit: 250

io.ezystayz.com

in my opinion, stoping trading to take a rest for a while before your next trading is also a way to deal with loss. losing so much money can make you crazy and you can make the wrong decisions.

Sundark

hero member

Activity: 560

Merit: 502

Quote from: shamzblueworld on April 03, 2017, 07:16:12 AM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

Ideally, you should to invest in such way that not to incur losses and especially not to lose everything. You need for that not only to have a lot of knowledge and skills but also be able to correctly allocate your investments. There is the best way to distribute capital according to trading strategies and on different coins.

TMAN

legendary

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Exchange Bitcoin quickly-https://blockchain.com.do

Deal with losses the same way as you deal with wins.. its all a mental game fella..

if you dont sell.. you haven't realized a loss yet. if you do sell.. then its a loss, if your losses outweigh your wins.. then you should just HODL BTC!!

I win some I lose some.. but lucky for me I bought my 1st BTC in March 2013! so none of it is a loss really.. try to HODL BTC for 3-4 years then make investments.. then you will see the losses and the wins are small in comparison to your BTC holdings

Walked_by

member

Activity: 122

Merit: 10

Firstly, the ICO market is TOO VOLATILE to invest in. That's one
Secondly, I invest only on the price's "fall"-stage. I never buy coins when they're on peak of the cost.
Thirdly, I'm a calm person, I don't run to exchange as soon as I hear a rumor or Gossip at bitcointalk or somewhere else. THat is why I quit this forum for 2 months (to calm the nerve)

arcfaith

member

Activity: 100

Merit: 13

Work smart, Play hard

Quote from: Arlibtchunt2018 on January 18, 2018, 04:58:39 AM

Quote from: shamzblueworld on April 03, 2017, 07:16:12 AM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

In trading you need to have a strong heart. Don't give up on it even if it falls down so dip. Always think that it will back up. Wait for the right time since you already invested. Time is your comrade in fighting dumped. Always think that in a longer period of time it will bounce back at hit higher market cap.

Most of the time this is the perfect method, but this is not what a trader should do.
Think about it, you Are a trader, can you afford to wait 2 days or 1 week with your funds stuck inside until the token finally rises?
A good investor would do that, but not a good trader.

Arlibtchunt2018

jr. member

Activity: 280

Merit: 1

Quote from: shamzblueworld on April 03, 2017, 07:16:12 AM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

In trading you need to have a strong heart. Don't give up on it even if it falls down so dip. Always think that it will back up. Wait for the right time since you already invested. Time is your comrade in fighting dumped. Always think that in a longer period of time it will bounce back at hit higher market cap.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: jinx029 on January 17, 2018, 05:22:30 AM

I deal with loss by going out and having some fun to relieve some stress. I don't stress myself more when i get a lot of losses in trading because that will make the situation worse and i will just keep blaming myself so i just go out and eat some delicious food to relax because that is how i calm myself, by delicious food. lol

Yep, that’s really right. Going out to have fun with friends is the best way to deal with loss and forget about it. Whenever you feel bad about it, you should just find something to keep yourself busy with.

Quote from: edi-mf on January 17, 2018, 05:55:17 AM

You simply try your best for the loss not to happen, if you trading and you see that you made the bad decision and the coin is going down never panic-sell. Just hold it for a while once the price go back up sell it then. I know it sucks because your money is frozen but it happened to me few times and I always took my initial investment. Just be patient and you should minimise your loses close to 0%. I have around 20% of my portfolio frozen and I'm not touching it, I've made few mistakes and I am now waiting for them to go back up and sell for the same price I bought them or more if I'm lucky. The best advice I could give is to trade with maybe 1/3 of your money and hold 2/3 in long term investments. Even if you make a mistake you can let the 1/3 sit for a while and wait for it to recover.

As the saying goes, prevention is always better than cure. It will be much better to becareful so not to lose your money, than being careless and end up losing it, and then searching for how to deal with loss. Whenever I’m trading, I don’t do it in a greedy way, I invest a small amount that I can afford to lose if things turn out pretty bad.

rejin29x

full member

Activity: 196

Merit: 100

I always have this long term mindsent , I always put in my mind that losing today will not guarantee that I couls also lose tomorrow , when I see a lot of red on my portfolio I will always have this thinking that It was just temporary and will regain it's value some more time in the future , I just Hold my coin and sell it when I am already gather some profit ! I will NEVER sell as long as I see red on my portfolio and that was the art of self discipline

edi-mf

newbie

Activity: 45

Merit: 0

You simply try your best for the loss not to happen, if you trading and you see that you made the bad decision and the coin is going down never panic-sell. Just hold it for a while once the price go back up sell it then. I know it sucks because your money is frozen but it happened to me few times and I always took my initial investment. Just be patient and you should minimise your loses close to 0%. I have around 20% of my portfolio frozen and I'm not touching it, I've made few mistakes and I am now waiting for them to go back up and sell for the same price I bought them or more if I'm lucky. The best advice I could give is to trade with maybe 1/3 of your money and hold 2/3 in long term investments. Even if you make a mistake you can let the 1/3 sit for a while and wait for it to recover.

jinx029

member

Activity: 126

Merit: 10

I deal with loss by going out and having some fun to relieve some stress. I don't stress myself more when i get a lot of losses in trading because that will make the situation worse and i will just keep blaming myself so i just go out and eat some delicious food to relax because that is how i calm myself, by delicious food. lol

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: setupbounds on January 17, 2018, 02:44:26 AM

Quote from: carlisle1 on January 11, 2018, 06:36:01 AM

Quote from: tech72 on January 11, 2018, 04:14:25 AM

I have an interesting personal experience for this. I was doing trading in altcoins and gained several BTC initially that too very quickly. Then the leverage trading on Bitmex came to my notice, I started small and the profits were huge. Then i did stupid mistake and put 80% of my Bitcoin in bitmex and made a strong X100 leverage bet. And guess what I lost it all in one go. 😂😂

I learned my lesson, and now I am careful and not greedy, the cryptocurrencies environment gives too good of a room to recover losses. Be patient, invest in good coins, and sleep peacefully waiting for a pump.

ouch such a bad lost for you mate,because of eagrness to win bigger and easir you have loss everything.you made trading like a gambling and suddenly then all your earnings become to nothing.thats the problem every traders has.the temptation and self control

Luckily i didnt exprince such but hoping will never be.and about the topic maybe if i have huge loss i will take it as a learn from experience and wont let happen again

People keep on advising to show courage and saying that this profession is all about taking risk if someone wants to achieve something big but I would like to repeat myself once more, yes it is indeed important to stay calm during the downfall and to show courage during such situations but more important is to not get overexcited or overwhelmed by your own thoughts and expectations. That can be fatal too in its own way. When it is said to stay patient, it is meant for all sort of circumstances.

yes this is true that a lot of people may be more so overexcited for everything to be so the better thing to do is you may have discipline by your self for and not expect too much also cause this may cause you to disappointed for.

retardunicorn

jr. member

Activity: 52

Merit: 10

Quote from: Rayner77 on January 13, 2018, 07:32:48 AM

Dealing with a loss especially for the first time as a newbie trader will depend on the amount. If you traded more than you were prepared to lose, then it would have a very bad psychological effect which is enough to make one quit trading for good. That's why it's advisable to trade in small amounts when starting out.

I though it was the same with loss in gambling . It costs you a bunch of money cause of your mistakes so time will cure it and give your more experiences to easily been through it if you're in that scenario again.

setupbounds

hero member

Activity: 910

Merit: 509

Quote from: carlisle1 on January 11, 2018, 06:36:01 AM

Quote from: tech72 on January 11, 2018, 04:14:25 AM

I have an interesting personal experience for this. I was doing trading in altcoins and gained several BTC initially that too very quickly. Then the leverage trading on Bitmex came to my notice, I started small and the profits were huge. Then i did stupid mistake and put 80% of my Bitcoin in bitmex and made a strong X100 leverage bet. And guess what I lost it all in one go. 😂😂

I learned my lesson, and now I am careful and not greedy, the cryptocurrencies environment gives too good of a room to recover losses. Be patient, invest in good coins, and sleep peacefully waiting for a pump.

ouch such a bad lost for you mate,because of eagrness to win bigger and easir you have loss everything.you made trading like a gambling and suddenly then all your earnings become to nothing.thats the problem every traders has.the temptation and self control

Luckily i didnt exprince such but hoping will never be.and about the topic maybe if i have huge loss i will take it as a learn from experience and wont let happen again

People keep on advising to show courage and saying that this profession is all about taking risk if someone wants to achieve something big but I would like to repeat myself once more, yes it is indeed important to stay calm during the downfall and to show courage during such situations but more important is to not get overexcited or overwhelmed by your own thoughts and expectations. That can be fatal too in its own way. When it is said to stay patient, it is meant for all sort of circumstances.

Wyne

full member

Activity: 531

Merit: 102

Quote from: shamzblueworld on April 03, 2017, 07:16:12 AM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

Once you engage in trading, there are always two possibilities: You will earn or you will loss. You will feel great happiness when you earn but you will feel upset when you loss. Dealing with trading losses are not easy to overcome. But you have to put in mind that even great traders suffer losses. If you suffered looses, you just have to stay focused and be proactive. Do not loss confidence. Then, move on. Just put in mind that this is part of the game. The next trading is a different story so do not loose hope to try again to engage in trading.

Compared to other trading firms that you have to focus and analyze every aspects of political, economical and current events and issues, in crypto trading, you just have to focus only on the cryptocurrency price movement. So, when you loss, just stay focus and for sure you will recover.

Rayner77

newbie

Activity: 84

Merit: 0

Dealing with a loss especially for the first time as a newbie trader will depend on the amount. If you traded more than you were prepared to lose, then it would have a very bad psychological effect which is enough to make one quit trading for good. That's why it's advisable to trade in small amounts when starting out.

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