How do you deal with loss? - page 17.

arief89

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Activity: 266

Merit: 10

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?

I think you should read the bitcoin price estimate, if many people think that bitcoin prices will go up again, I suggest you save it, but if you think the price will continue to decline, better sell before you lose all your money.

Blocklock

member

Activity: 60

Merit: 10

Cryptocurrency Investor, economist, researcher.

I think sometimes loss is inevitable for the investor.
Therefore, investment strategy must be long term and take into account the losses - initially to be ready for them. Roll Eyes

Especially for such high risky market like cryptocurrencies.

tayyabdar

newbie

Activity: 24

Merit: 0

Before entering crypto currency you should have balls to tackle loss and should show holding power.
Holding power is the KEY to success in Crypto currency,

otunayode

full member

Activity: 462

Merit: 100

To deal with loss will not be easy on anyone no matter how experience you might be. Preparation for loss however is the best strategy any investor can employ. Loss in unavoidable when you trade, you just need to take it in stride some times.

nelsledma

sr. member

Activity: 572

Merit: 250

Quote from: Aprodite on January 10, 2018, 02:56:20 AM

I will wait until the price goes back up, because all the coins are experiencing a phase of price reduction and will go back up in some time later. There is also a rise in a matter of days and even months. and as long as I hold the coin, I look for information relating to the coin, to determine whether the coins I have purchased are scame or not. That's how I face problems if the altcoin I buy is experiencing a price reduction.

There comes number of occasions when you face certain kind of situation in which you suffer loss. There is nothing to be worried about that and all these thing are actually helping you out in learning something good. The best practice which you can use in order to deal with loss is to learn from your past mistakes which resulted in loss. This will help you in having a fair idea of what to do next.

Superzpay

hero member

Activity: 672

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Quote from: ramzhies on January 11, 2018, 07:33:48 AM

simply closing my port.. but blackfolio keeps on reminding me about my losses lol

Everyone has his own way of dealing up with the things especially at the time when things are going against your favor. The best thing which you need to do at such kind of situations is to remain in your senses. Do not any kind of foolish decision which can further result in more loss or anything like that. Simply learn from your past mistakes and try to work in better way so that you can get back what all you lost.

Partizanai

member

Activity: 112

Merit: 10

Quote from: MrCrank on January 11, 2018, 12:13:43 PM

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?

Oh, I'm in this trap few days ago.
Bought EMC2, this alt fallen hard.
I prefer wait.. I will wait 1 month, 2,3.. 6 months and return my losses

or if you did not put all you funds you can take a loss and move on better coins and make up for that loss.
and take this lesson in your mind so you wont buy pump and dump coins anymore

lenarichi

member

Activity: 112

Merit: 10

The loss of investment is not a reason for self-flagellation. Yes, it's sad. Nevertheless, take a step back and realize that no one is perfect. Even the best and most famous investors, including Warren Buffett, lost on some deals then and now. Above the nose and believe that you will be lucky next time Kiss

FantechG5

member

Activity: 84

Merit: 10

No one likes to lose and its not easy to cope with losses. But the first is do not to invest or trade more then you can afford to lose. There is not always easy because the feeling can overflow you anytimea and can make you think now is the time. Learn to control emotions is very needed to stand in trading.

Janine012

newbie

Activity: 88

Merit: 0

If in case , market crash and i think i have invested on coins which i think is best to hold for long, i will wait till its recover from the price i have bought it. But i have a taken a ride for some shit coins in the market, you might for awhile having a certain stop loss and wait for whales market to pump it hard and bad. Those shit coins survived and last long only their are certain whales who moves it and you not knowing, taken a bull ride and had been left behind on its hard dump. But you can take it this way, sell it at loss and after some time investing on real good coins, little by little you can recover your loss better than waiting for the market to recover.Been there and done that so for me sell it at loss and recover it in time.

Kunlejoe0

full member

Activity: 518

Merit: 100

I deal with loss like a an investigator. I want to know every thought and action that lead me to a loss! I want to know the kind of emotion that triggered my decision. I want to know every little detail of what contributed to such loss.

MrCrank

sr. member

Activity: 1330

Merit: 258

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?

Oh, I'm in this trap few days ago.
Bought EMC2, this alt fallen hard.
I prefer wait.. I will wait 1 month, 2,3.. 6 months and return my losses

yoseph

sr. member

Activity: 868

Merit: 266

Its only those who are newbies who haven't lost anything when trading with bitcoins. Once you lose money you shouldn't get desperate and try to recoup the money that you have lost back, it will lead to you losing even more money in the process. Step back a while before you do anything else again.

hoanghoatham04

member

Activity: 176

Merit: 10

Blockchain Just Entered The Real World

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?

Do not participate in any altcoin trading when the market is going up too fast. Altcoin should only be bought when the market goes strong. Here is a tip to help you avoid loss money.

daringdiscovered

hero member

Activity: 700

Merit: 500

Quote from: infinity33 on January 11, 2018, 08:32:15 AM

Quote from: cybersofts on January 09, 2018, 08:36:58 PM

Trading is like a game, someday you win and someday you lose. And the best way to deal with losing is by learning your mistake that led you to lose your money. Once you learn your mistake then you can go ahead and continue with your trading.

And the most common thing that happen we must gonna be sure for everything that we wanted to be for example the way on how you may able to learn here by your experience so this is where you may able to deal with loss.

You don't have to deal with it to be honest, you just have to accept it and think of how you could make more profits rather that getting depressed on what just happened on your profits, because if you are going to be a negative thinker after a failure, then you are not going to be a successful person, unless if you are going to let that failure be your teacher to be a better one and to avoid making the same mistake again.

infinity33

full member

Activity: 294

Merit: 100

Quote from: cybersofts on January 09, 2018, 08:36:58 PM

Trading is like a game, someday you win and someday you lose. And the best way to deal with losing is by learning your mistake that led you to lose your money. Once you learn your mistake then you can go ahead and continue with your trading.

And the most common thing that happen we must gonna be sure for everything that we wanted to be for example the way on how you may able to learn here by your experience so this is where you may able to deal with loss.

ramzhies

newbie

Activity: 126

Merit: 0

simply closing my port.. but blackfolio keeps on reminding me about my losses lol

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

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

ICOcosmos

newbie

Activity: 33

Merit: 0

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?

FML state of mind back in the days, lost all hope etc. Learned from that and delegated risk accordingly. You dont really lose big if you dont FOMO buy the tops.

tech72

full member

Activity: 427

Merit: 100

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.

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