How do you deal with loss? - page 31.

Daveeoff

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Quote from: Japinat on November 28, 2017, 06:48:32 PM

Quote from: Sowik on November 28, 2017, 02:52:00 PM

Just get over it! Another way to avoid loss is to set a stop loss and this way you wouldn't have to worry too much. Thats what I do

I think poloniex and bittrex has that feature, correct me if I am wrong, this is only good for day traders I guess because they love to buy and sell regularly. With the advance system now of the trading sites, we also need to use them if they can help us to trade successfully, in the end we just want to be profitable so why not improve things that needed to be improve.

Every popular exchange has that option, if not all of them. Its basic trading option but you can use it even if you are not day trader as long as u keep an eye on the markets.

Japinat

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Quote from: Sowik on November 28, 2017, 02:52:00 PM

Just get over it! Another way to avoid loss is to set a stop loss and this way you wouldn't have to worry too much. Thats what I do

I think poloniex and bittrex has that feature, correct me if I am wrong, this is only good for day traders I guess because they love to buy and sell regularly. With the advance system now of the trading sites, we also need to use them if they can help us to trade successfully, in the end we just want to be profitable so why not improve things that needed to be improve.

Mr.Anonymous

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Quote from: JollySkipper on November 27, 2017, 05:39:36 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?

If you invested in a good alt, you are not in a lost, you just need to way until the alt come back again. Nothing is going always up, it make correction, so if you buy something at all time high price you have to wait until it hits its price again.

As far as I know, holder Bitcoin earned more profits than holder altcoins. The price of Bitcoin pumped and made the Bitcoin rates of altcoins dumped below the old price. Although some altcoin could increased to new all time highest price in USD rates, but I checked the profits of Bitcoin holders are better than altcoin holders.

Sowik

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Just get over it! Another way to avoid loss is to set a stop loss and this way you wouldn't have to worry too much. Thats what I do

Genemind

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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 dealing with loss, it is imperative to not be emotional about it, since bad decisions usually comes from being to emotional. It is also important to always think of the next step that will be maid in order for one to avoid making the same mistake. Also, looking at the bright side of everything that has happened will also help.

ubeng07

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Quote from: richmcrich on November 28, 2017, 05:13:18 AM

Quote from: nano77 on November 23, 2017, 08:04:45 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?

it is a difficult decision and a big mistake can not predict the market well, if it happens to me maybe I will keep holding and wait for the price back up because I do not want to lose much, meanwhile I will try to collect again and trading on other coins

Exactly, If you want to recover from your loss, then the only possible way is to invest into bitcoin again. If you will lose your heart and will stop trying in the world of bitcoin, then there is no way that you’ll be able to get what all you actually lost. You have to be brave and you need to make some good plan keeping all the things in your mind. Moreover, you also need to learn from your past mistakes as well.

yes cause if you are taking your loss and you have nothing to do this can may you become a looser cause you have nothing to do even though even you have that loss you can have the chance to recover it dont just stick for what you have loss for think that you can have some way to get it back.

richmcrich

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Quote from: nano77 on November 23, 2017, 08:04:45 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?

it is a difficult decision and a big mistake can not predict the market well, if it happens to me maybe I will keep holding and wait for the price back up because I do not want to lose much, meanwhile I will try to collect again and trading on other coins

Exactly, If you want to recover from your loss, then the only possible way is to invest into bitcoin again. If you will lose your heart and will stop trying in the world of bitcoin, then there is no way that you’ll be able to get what all you actually lost. You have to be brave and you need to make some good plan keeping all the things in your mind. Moreover, you also need to learn from your past mistakes as well.

Nariza

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In terms of investment, The first thing comes into our mind are profit and loss. Investing is not easy. If you invest, you should be ready it's either earn or lose.

slate_main

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BYTZ

Newtons law and all that... Sometimes you can hold the most shittiest of shitcoins in the hope, and sometime reality that they will climb or even go back 'up' from where they were all. Get a feeling for the markets and good coins, don't just randomly buy crap or you deserve to lose out.

JollySkipper

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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?

If you invested in a good alt, you are not in a lost, you just need to way until the alt come back again. Nothing is going always up, it make correction, so if you buy something at all time high price you have to wait until it hits its price again.

EdenHazard

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Quote from: terrific on November 23, 2017, 09:10:09 AM

Dealing with loss isn't too hard to do. When today you had a big mistake or you miss the time of selling and you consider that as a loss, you just need to cool down. Just go away or avoid checking the price of bitcoin or any alt coin that you hold so that you can be good when you are ready to come back. It may be hard in the beginning but when you accepted the loss, every time you will have it that will be an easy thing for you and you just have to recover.

it is not hard but complicated , sometimes you have to accept your loses .

and sometimes you have to chase that loses when you think there is a possibility you can make it happen based on your analysis. so it depends on the situation , when you confident enough with the data you have , then why not to take a break? as there is an opportunity to get back your profit.

scoobidoobydu

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Loss is thing that noone want to happen in your career but you have to face it somedays. So the best thing to do when you're dealing with loss is stop chasing it. SOme guys made the lost become huge because they're keeping chasing it till they don't have anything left.

MOTHIT

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Life teach you lot of thing when you are in loss only when you have success lot of people will appreciate and behind you the same thing is opposite when you are in loss that time I keep calm and wait for my time to come back again. Before I was panic my self in loss and take the decision wrongly. Now I correct my self and take decision to hold or sell according to the market sentiment and its working with me.

snackman

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snack of all trades

In my view, I will sell all my coin if it falls down in 2 weeks. I wont waste my time with shit coins

Finestream

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Quote from: slashz9 on November 25, 2017, 06:32:52 AM

well if i experience it i do is wait for him a while hope his price will go up a bit, then sell it even if not get profit at least we get our money back although not entirely, to calm myself usually i play some games

There are always a chance to get back your loses and even aim to be profitable, it's normal to lose in trading since we do not see the future.
Keep your attitude positive so you will learn from your mistakes, when you keep making mistakes and you always learn from it, that would make you a better person because you'll mature and you will not gonna make wrong decisions most of the time again.

This is a long term game, you need to focus on the future so you will not easily give up, don't be affected so much with your emotion as that would become your big weakness.

slashz9

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well if i experience it i do is wait for him a while hope his price will go up a bit, then sell it even if not get profit at least we get our money back although not entirely, to calm myself usually i play some games

Rodeo02

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Quote from: terrific on November 23, 2017, 09:10:09 AM

Dealing with loss isn't too hard to do. When today you had a big mistake or you miss the time of selling and you consider that as a loss, you just need to cool down. Just go away or avoid checking the price of bitcoin or any alt coin that you hold so that you can be good when you are ready to come back. It may be hard in the beginning but when you accepted the loss, every time you will have it that will be an easy thing for you and you just have to recover.

Some are dealing it and taling it as this was a lesson learned for them that they dont want to experience again. Dealing with all your loss are the thing that you can be a good trader in the near future and tjis was shows as you have experienced a lot.

terrific

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Dealing with loss isn't too hard to do. When today you had a big mistake or you miss the time of selling and you consider that as a loss, you just need to cool down. Just go away or avoid checking the price of bitcoin or any alt coin that you hold so that you can be good when you are ready to come back. It may be hard in the beginning but when you accepted the loss, every time you will have it that will be an easy thing for you and you just have to recover.

nerverd99

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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?

One of the things we must learn in trading is our attitude in accepting defeat. Although this theory seems easy, but still the loss is something that is difficult to accept by both beginner traders and experts.

Now think about it. Losing in a sport game or in game without any material loss is sometimes difficult to accept, especially when we lose in a game where there is money lost in it.

We have to train the mental and self-discipline to be one of the most important thing in trading.We must remember the concept of "maximize your profits and minimize your losses". Of course this is not an easy thing to do but it is also not impossible as long as we are disciplined and know that trading is a business that has risks like business in general. Trading is not a "holy grail" or a quick way to be a billionaire.

nano77

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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?

it is a difficult decision and a big mistake can not predict the market well, if it happens to me maybe I will keep holding and wait for the price back up because I do not want to lose much, meanwhile I will try to collect again and trading on other coins

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