How do you deal with loss? - page 55.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: THAHIRHAJI on September 25, 2017, 11:33:23 PM

As per the knowledge I got first thing what I do is not get panic.
Panic is the reason for lose.
To Deal with Loss first thing what we do is cause of this loss and find the root of it try to fix it.

You can't assure that you will not panic when the price is going done. And when you are in the stage of being a newbie didn't you panic? That's odd as for sure all of us when we are starting in bitcoin upon seeing the price going down we are going to panic and sell many of our bitcoins. This is rare to me that someone isn't panicking even before, it's real that when we panic we are losing.

ItBeginInAfrica

member

Activity: 120

Merit: 11

Since I don't invest or gamble anything I can't afford to lose I don't really feel against a lose.. but when I lose hard earned money its make me just sad.. like when playing roulette at the casino on bet lost.

Rebisco

full member

Activity: 651

Merit: 103

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?

Dealing with your loss. I think the best way to deal with it is to wait until the reserved coins that you are saving is ready to trade and the price of it is really expensive. For me it is the best time to trade.

nofuture

full member

Activity: 199

Merit: 100

Quote from: GeniusAko on September 25, 2017, 11:13:21 PM

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?

When I encountered loss in trading, I always telling myself that loss is normal in the trading. Because of the loss that I encountered, I have now many knowledge and I use it to generate more profit.

after lost money you will have experience in trading. then we can make money later. recover our loss

THAHIRHAJI

member

Activity: 112

Merit: 10

As per the knowledge I got first thing what I do is not get panic.
Panic is the reason for lose.
To Deal with Loss first thing what we do is cause of this loss and find the root of it try to fix it.

GeniusAko

full member

Activity: 434

Merit: 117

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?

When I encountered loss in trading, I always telling myself that loss is normal in the trading. Because of the loss that I encountered, I have now many knowledge and I use it to generate more profit.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: yohan09 on September 25, 2017, 07:02:51 PM

Let it happen, Charge to experience,this serves as an eye opener of being a newbie in a business, Its just a small amount , Perhaps I still continue to go for investment because as far as i know " Experience is the best strategy to make you become a better".

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, I did not set a stop loss and the price went down until I have 50% paper loss but then I am still hoping that it will go up but after waiting for some time, I got impatient and sold it at a loss. After that, price went up and I am angry with myself being impatient because instead of profit, I have loss. It happened multiple times until such time I realized that I should do something about being impatient.

I change strategy and trade more. Understand more about trading psychology and discovered that it happened to many traders. I should have emotionless trade and should always have a trading plan so that whatever happens, I know what to do and minimize my loss as well. I am still learning the process until now but I think I am a better trader than before because of experience.

radenbachtyar

newbie

Activity: 34

Merit: 0

I think we should get up and start looking for the bitcoin debris again. so the failure of a lesson, perhaps in to the failing someday we will get a satisfactory result

Indrawan77

hero member

Activity: 1274

Merit: 516

Quote from: babygun on September 25, 2017, 02:34:21 PM

One rule one of my best friends has told me about trading:
You can not always buy at a low point and you can not always sell at a high point.
He is right about this, trading is risky and sometimes you will have a loss, but it is part of the game.

Crypto currencies got a very high volatility and the price fluctuate at a very high and rapid speed, so it is very difficult to predict the lowest and the highest price, that is why I only trade when the technical analysis show a great chance to earn, and losing money is the part of the game but with experience, the losing percentage can be surpressed

yohan09

full member

Activity: 336

Merit: 100

Let it happen, Charge to experience,this serves as an eye opener of being a newbie in a business, Its just a small amount , Perhaps I still continue to go for investment because as far as i know " Experience is the best strategy to make you become a better".

CryptoAllDay

sr. member

Activity: 578

Merit: 250

I just try to remember that the fluctuations in crypto happen quickly and with a much larger range than when compared with the stock market. The same rule applies though, it doesn't matter what the current price is, it only matters at the price when you finally sell.

Gymshark

jr. member

Activity: 50

Merit: 1

Any short term traders out there.. what percentage of your total portfolio are you willing to invest at a given time in a single coin?

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

it's more or less like juggling, you know? you got to drop to learn how to play the game.

it really depends on the project?
sometimes I hold strong (even becoming a bagholder), sometimes I average down, sometimes I sell and admit my mistakes.
it really really depends.

babygun

sr. member

Activity: 2142

Merit: 254

One rule one of my best friends has told me about trading:
You can not always buy at a low point and you can not always sell at a high point.
He is right about this, trading is risky and sometimes you will have a loss, but it is part of the game.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Kupid002 on September 25, 2017, 06:44:45 AM

Quote from: milewilda on September 24, 2017, 03:15:25 PM

Quote from: wareen on September 24, 2017, 11:33:34 AM

Quote from: oegarod on September 24, 2017, 05:09:38 AM

Quote from: TitanGEL on September 24, 2017, 04:36:25 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?

There are many times that I lose my money because of the trading. If I experiencing that, I always pissed off to myself because I am idiot person. I think the best way to do is to stay calm and do not panic.

While involved onto trading or anything related to bitcoin and digital currencies one should not get panic as the user mentioned. Have patience, even if the price drops down soon it retains the value. So be calm and keep hold to profit rather than selling low just on the panic.

The loss is normal thing on the market, you do not need feel sadly or boring when you have some losses. Important, after those losses, what did you receive any experience to improve your trading way in next time?

We should really take those loses normally and its always been part of learning process here on trading world.We should learn on those so that on next time we wont able to commit such thing but in reality we cant avoid to lose money since market is really volatile which means possibilities on losing money would be permanent but we can able to minimize it with our own knowledge and skills.

For that yes thats right when you start to go to trade that would be the better attitude for a trader the reason because some of the first timer or let say not a fist timer but some that too afraid to get loss the result are they sell it in a panic way so taking normally some looses will truly help you.

You should really accept this thing since from the start on where you should really expect that you would really lose up since theres no perfect trader on this world which we would definitely suffer losing trades.We must really get used to it and instead on worrying or too afraid then its better to face up those loses and learn from them.

Blue_oxen

full member

Activity: 515

Merit: 101

take a cup of beer. then go outside, play football or coffee with friend. then forget about it.

pkdas

member

Activity: 96

Merit: 10

I will keep watching the alt. Trading with altcoin is all about patience. If I take losses my balance is now reduced,I have repay for that.So,I will wait untill the alt rise up..

streazight

hero member

Activity: 910

Merit: 502

Quote from: Sowik on September 21, 2017, 10:17:21 AM

You haven't lost anything until you sell! I just hold and wait.

You are right and wrong at the same time. You are right because if you hold, there is every possibility of the coin coming back up in the future and hence, you make your profit that period.

You are wrong because if what you are holding is a shit coin that can not even survive to come back up again from previous pump probably or dropped hugely by 200% Grin

and has been listed as a scam coin one way or the other without you hearing the news at that point in time , unless you are lucky to sell to a moron, how long do you want to keep on holding?

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: milewilda on September 24, 2017, 03:15:25 PM

Quote from: wareen on September 24, 2017, 11:33:34 AM

Quote from: oegarod on September 24, 2017, 05:09:38 AM

Quote from: TitanGEL on September 24, 2017, 04:36:25 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?

There are many times that I lose my money because of the trading. If I experiencing that, I always pissed off to myself because I am idiot person. I think the best way to do is to stay calm and do not panic.

While involved onto trading or anything related to bitcoin and digital currencies one should not get panic as the user mentioned. Have patience, even if the price drops down soon it retains the value. So be calm and keep hold to profit rather than selling low just on the panic.

The loss is normal thing on the market, you do not need feel sadly or boring when you have some losses. Important, after those losses, what did you receive any experience to improve your trading way in next time?

We should really take those loses normally and its always been part of learning process here on trading world.We should learn on those so that on next time we wont able to commit such thing but in reality we cant avoid to lose money since market is really volatile which means possibilities on losing money would be permanent but we can able to minimize it with our own knowledge and skills.

For that yes thats right when you start to go to trade that would be the better attitude for a trader the reason because some of the first timer or let say not a fist timer but some that too afraid to get loss the result are they sell it in a panic way so taking normally some looses will truly help you.

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: radenbachtyar on September 25, 2017, 02:47:41 AM

to overcome the disadvantage we should do a survey first. so we do not lose

Do a survey so you can't lose? Dude whatever you do, you're bound to lose some every now and then however many surveys you make. Surveys won't even give you that much beyyer chance as you're going to be depending on other people heavily.

Topic: How do you deal with loss? - page 55. (Read 52285 times)