How do you deal with loss? - page 46.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: IAMYOURLEADER on October 20, 2017, 03:29:34 AM

The best thing to do when you experience loss is move on. Just keep moving forward because no matter what you do, you can't recover what you had already lost.

What a suggestion? Heeding to it can only make matter worse and anyone with such a mindset of a loss being final had better reconsider if trading is their thing! At any rate, losses can be recovered with proper money management and strategy what's problem is when a trader starts to chase a loss or pretend it doesn't matter at all!

Quote

And divide your investments in various coins so if you lost in one of your coin, you can still get it back or more than that with you other altcoins.

I think there is a high probability of ending up increasing your overall exposure than reducing it, because we often see almost all altcoins turning red most times Bitcoin is so strong.

rstephan

newbie

Activity: 20

Merit: 0

As long the bitcoin will rise, most altcoins will be going down a bit. So i hold them until they will recover from the bitcoin fork. I only invest in popular altcoins, which are bigger and have a potential future. So i try to recover my loss.

wizmo

sr. member

Activity: 658

Merit: 251

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 do daily tracking of my portfolio If I see that particular coin in which I am losing me money then I wait for few more weeks to make decision if it continue to go downward then I sell it with other coins which are making me profit to cover loss. I'm new to crypto currency and started with very small amount for trading and you should always keep in mind while trading that trading does not guarantee you profit if you keep on waiting in hope that it will bounce back or you'll make profit even if it making you loss then avoid that mentality which can make you huge loss and also affect your real life. Research is the key to do trading successfully and keeping yourself updated with market also benefit yourself.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: gabmen on October 20, 2017, 01:34:30 AM

Quote from: mukeymon on October 20, 2017, 12:42:33 AM

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

It is not only related to the world of trading but for holding also, if you want to be successful then patience is the key. Profit and loss are the part of business, there is only one to recover your losses and that is to invest with fresh mind after the loss with better plan and strategy in your mind. Keep on learning from your past mistakes and try to remain motivated always. Do not lose your heart.

Blackdax

newbie

Activity: 40

Merit: 0

I just losing now 200$ and I still hold to get out with minimum lose but finally I close all my open operation to avoid big loss. Sometime you have a choice between lose a small amount or losing your account so difinitly choose the first choice is better even you don't like it.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: ModGirl on October 20, 2017, 05:06:35 PM

Quote from: gabmen on October 20, 2017, 01:34:30 AM

Quote from: mukeymon on October 20, 2017, 12:42:33 AM

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

Appreciable actions for catering risks. You are doing so great while making this all not a burden on you. Keep yourself updated with the market price and you will be going to have any solid loss. Still if you have a loss, don’t be panic. This is the only one main characteristic of successful person when they encounter with loss. Accept the fact that profits and loss are necessary for better business.

We dont really have a choice but to face those loses and instead of getting discourage our stressing out yourself too much. Same as mentioned i dont actually see on those new altcoins being launched since the probability of success would really be lesser compared into those earliest years where altcoins are still on the trend but on these recent year it is somehow saturated already.

ModGirl

sr. member

Activity: 602

Merit: 250

Quote from: gabmen on October 20, 2017, 01:34:30 AM

Quote from: mukeymon on October 20, 2017, 12:42:33 AM

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

Appreciable actions for catering risks. You are doing so great while making this all not a burden on you. Keep yourself updated with the market price and you will be going to have any solid loss. Still if you have a loss, don’t be panic. This is the only one main characteristic of successful person when they encounter with loss. Accept the fact that profits and loss are necessary for better business.

cryptofriendz

member

Activity: 111

Merit: 10

Do or do not.

Wow. I won, I lost, now I'm hodling to not realize losses. Lets talk in 2 month. BTC mooning.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: dx_twisted on October 18, 2017, 07:11:52 AM

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 remember the time I have .2 BTC and bought XMR (can't recall the price of it but its really cheap back then). The reason I bought XMR because of its potential at that time which my instincts told me to do so. However, upon 1 week of monitoring the price, I noticed that it goes downward per day so what I did is sold my remaining XMR's and move on. The next 2 days or so hit me really hard as the price was increasing. I lost around 0.08 at that time but then again, I just focus and believe (risk) on XMR and to this day I'm happy that I've learned my lesson back then at the same time XMR was one of the succesful Altcoins up to this date.

That is always the point! You will most definitely learn your lessons from every mistakes you make in a trade which resulted to a loss or the other. And the good thing about it is that with that, you are always going to be able to make better decisions in the future. There is no one that has never experiences mistakes, failures and losses in the past, even the pro traders and in the outside world, business men have. What is important is picking up from that point and recovering better next time.

allohha

full member

Activity: 672

Merit: 176

Quote from: conected on October 20, 2017, 01:50:42 PM

Quote from: wildan88 on October 20, 2017, 04:01:33 AM

I will see the potential of the coin, if I feel sure the coin has the potential, better I wait for the price bounces rather than cut lose, but if the price is difficult to increase in a long time, it's better I sell it and move to another coin who have great potential to recover my losses.

- Yeah, keep calm, analyze and look at the potential of the coin, this is what we need to do to determine the method of dealing with loss, however, I see many people never do that, most of them panicked and immediately cut losses, they can not overcome the fear of losing. If we do not have the calm and do not analyze the problem, we will make the wrong decision and we will regret when prices rise again. Trading is a psychological game, if our psychology fluctuates, failure will find us, loss is only part of the game, we should get used to it, do not let it make us panic

If you are counting on some advantages or disadvantages of the financial plan for trading, then clearly you should at least not panic, because you should practically envisage different kinds of developments. But to avoid this, when trading the crypto currency, you need to take into account all the factors of those coins with which you are dealing. Only completely the essence of the voice of the market, you can minimize your losses.

mrfreezeh

sr. member

Activity: 348

Merit: 250

Quote from: gabmen on October 20, 2017, 01:34:30 AM

Quote from: mukeymon on October 20, 2017, 12:42:33 AM

Quote from: shamzblueworld on April 03, 2017, 08:16:12 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 I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

And beside that, you should not avoid the margin trade when you are newbie or trader can not control your emotion or time for trade. This function can helps you make a lot of money, but it is also the reason make many traders losed many money and do not invest into any crypto again Grin

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conected

hero member

Activity: 1302

Merit: 503

Quote from: wildan88 on October 20, 2017, 04:01:33 AM

I will see the potential of the coin, if I feel sure the coin has the potential, better I wait for the price bounces rather than cut lose, but if the price is difficult to increase in a long time, it's better I sell it and move to another coin who have great potential to recover my losses.

- Yeah, keep calm, analyze and look at the potential of the coin, this is what we need to do to determine the method of dealing with loss, however, I see many people never do that, most of them panicked and immediately cut losses, they can not overcome the fear of losing. If we do not have the calm and do not analyze the problem, we will make the wrong decision and we will regret when prices rise again. Trading is a psychological game, if our psychology fluctuates, failure will find us, loss is only part of the game, we should get used to it, do not let it make us panic

haroldtee

sr. member

Activity: 644

Merit: 299

Quote from: wildan88 on October 20, 2017, 04:01:33 AM

I will see the potential of the coin, if I feel sure the coin has the potential, better I wait for the price bounces rather than cut lose, but if the price is difficult to increase in a long time, it's better I sell it and move to another coin who have great potential to recover my losses.

Coin really matters here. Recently, I was holding some shit coins and I knew, but was just trying to play my luck on them while seeing some pump signs until the market showed me the boss (I learned my lessons from that before you judge me) Grin

… I had to dump them even at losses and I used that to buy potential altcoins at dips and I have been able to recover at least few of my profit back and still waiting for more. If you have a plan for losses even before they happen, decisions would be easy to make and your confidence will grow as time goes on. No one is perfect, but planning after a loss is what is important than panicking.

WSDN

sr. member

Activity: 493

Merit: 250

IDENA.IO - Proof-Of-Person Blockchain

It is hard to face will fail. But that is a part of the game. No one always wins, No one always loses. When the price is falling down, you have to calm down to identify about your coin. If you trust your coin, you still hold it wait for price recover. Contrarily, Sell it as soon as possible.

Dodoymabs

full member

Activity: 602

Merit: 100

Its very hard that we experience losses but this keeps us strong and make us drive to success.Some people cant handle losses thats why we have friends and family to help us motivate and continue even we failed.

hasan019

newbie

Activity: 12

Merit: 0

Loss is a part of business. I hold my coins when they are in loss if I believe in the project.

shezu007

full member

Activity: 336

Merit: 121

win and lose is a part of every game just like that trading is also a game some time you will get profit some time you will lose. but whenever you lose then that was a time of picking points for future that due to which point you have to face lose and next time when you face that point then you should confident to get success by clearing your mistake.

shalnark

full member

Activity: 196

Merit: 121

Quote from: aishyoo17 on October 20, 2017, 04:47:21 AM

Quote from: IAMYOURLEADER on October 20, 2017, 03:29:34 AM

The best thing to do when you experience loss is move on. Just keep moving forward because no matter what you do, you can't recover what you had already lost. And divide your investments in various coins so if you lost in one of your coin, you can still get it back or more than that with you other altcoins.

Yeah moving on is the best thing to do but of course one should not forget to learn from the past mistake so that if you will make another trade you will be successful and you can minimize your loss.

For now I was not encountered any losses, since I was newly in this kind of job, if necessary I experience losses I think I can't deal it to hard because if I always thinking about my loss my head gonna be ache and it gives me stressed. so all I need is to set them free and thinking how I can recovered it in the future.

aishyoo17

sr. member

Activity: 490

Merit: 250

Quote from: IAMYOURLEADER on October 20, 2017, 03:29:34 AM

The best thing to do when you experience loss is move on. Just keep moving forward because no matter what you do, you can't recover what you had already lost. And divide your investments in various coins so if you lost in one of your coin, you can still get it back or more than that with you other altcoins.

Yeah moving on is the best thing to do but of course one should not forget to learn from the past mistake so that if you will make another trade you will be successful and you can minimize your loss.

Rooster101

sr. member

Activity: 826

Merit: 256

Almost all of us suffer some losses especially in dealing with trading or investing in a cryptocurrency with the price that eventually goes down or did not recover at all. But losses can make you wiser also by correcting all the mistakes you've done. This kind of experiences make a person better and more successful in the future if he managed to study all the necessary steps to overcome the risks and losses.

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