How do you deal with loss? - page 58.

Jemzx00

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Quote from: ictin on September 22, 2017, 08:23:06 AM

Quote from: chopter on September 22, 2017, 06:50:45 AM

I try to stay calm and do a great research on the altcoin i lost alot on. If it has chance to come back up, is the team still actively working on it, does the product still solve some problems in real use case and then cut my losses and move on or just hold.

I do all that things but sometime dev working so slow. all they say is just promise

Well we think that the dev is working even though they're not is because the thing their doing isn't easy which makes them to update people slowly. Not all things are easy to solve.
Anyway, if you really trust that coin or that project then whenever there is a loss then you should consider it a chance to get more and wait for it to raise again to earn more. It's all about trust and legitimacy of one project for it to succeed.

jaocoincrypto18

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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?

We shall consider that sometimes there is a loss in trading therefore I will sell my affected altcoins then i will start to invest for a new one because we need to keep going , we need to take action because the only person in charge of your success is you. Make peace with your losses so they won't disturb your future.

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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?

Well for me it is based in the token that I have been trading. If I felt that if that coins has no chance to bounce back then I will get if but if I felt that coin is has bright future then I will wait. In trading we ought to be wise on the decision that we are making, if we loss then accept it because it is just normal and we should learn from that mistake but if we loss again then it is now our fault.

ictin

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Quote from: chopter on September 22, 2017, 06:50:45 AM

I try to stay calm and do a great research on the altcoin i lost alot on. If it has chance to come back up, is the team still actively working on it, does the product still solve some problems in real use case and then cut my losses and move on or just hold.

I do all that things but sometime dev working so slow. all they say is just promise

chopter

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I try to stay calm and do a great research on the altcoin i lost alot on. If it has chance to come back up, is the team still actively working on it, does the product still solve some problems in real use case and then cut my losses and move on or just hold.

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Quote from: smile1218 on September 19, 2017, 11:44:28 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?

Well for me before i started trading I already conditioned my self and my mind that i am going to take the risk. What i do when my investment facing loss i do charge to experience and find my luck in trading other coins thats why i do not invest in one only coin i still have back up plan in case of loss.

Thought that you say is very appropriate, because it is the main step that we must have is the courage to take a risk. If we are a little hesitant about taking risks then it is certain that the investment will be a little disturbed and eventually will disrupt our focus on all the things that exist. The only thing we really have to have is self-control and analysis, otherwise everything will be bad.

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Quote from: Taskford on September 19, 2017, 09:59:07 AM

I don't experience loss very often because i don't check my holdings in cryptocurrencies but whenever i get a loss. I don't think that it is a bad thing that happened to me because in fact, i am good with it because i can learn new things that can develop the knowledge and the way of thinking by getting lessons from those mistakes or losses that will help me to become better.

That is perfectly a very lovely way to deal with losses. See everything as an experience and experience comes with knowledge to be able to make better decisions for the future. If I lose, I see it as a way to challenge myself to do better next time, and when I do better next time, it is a plus for me. It is normal that only a fool keeps repeating the same thing expecting different results but once you have done it before and you revise your decision to a proper one next time, it surely makes you get better.

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Quote from: rizkyhiw on September 21, 2017, 09:15:12 AM

Quote from: boyptc on September 21, 2017, 06:23:39 AM

Quote from: davids on September 21, 2017, 05:02:10 AM

Losses is part of trading. we must accept losses and that doesn't to stop us from what we are doing to earn it. i will find another way to bring them back and losses also serves as a lesson for traders to be aware

But if you are losing too much and you think the only way to cut your losses is to quit for a while it's a wise decision. Actually it's not that really quitting but it's like taking a rest or stay away from your portfolio and take a deep breath of fresh air outside because this can relieve the stress that is giving you for having a lot of losses. And just take your time and if you think you are ready again, come back.

Yeah you shouldn't force yourself to make things right ,
Set a limit and stick on it, that's my success key in trading ,
Otherwise you will always get panic to deal with loss and instead recover it you get a deeper lost ,
Learn from mistakes and become a better trader! Loss is a normal thing.

And for the new traders this is most often happening just don't pushing yourself if it's very hard for you to understand and adjust with trading. In the beginning it's very hard to control your emotion and as well as your capital because you are thinking positive but what's happening was different and it's opposite to what you are expecting. Dealing with your loss is like survival in the jungle.

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Quote from: Sowik on September 21, 2017, 09:17:21 AM

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

classic but not many people can do that. that is why people call them pig. always buy high and sell low

djgtr

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Quote from: Sowik on September 21, 2017, 09:17:21 AM

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

well in my part i only charge my lost to experience you cannot become successfull without losses and that was a part of everyones life being humble and patience is the best way to deal with the un even situation that can ruin life if we cant control it .specially the human emotion we need to control our self before we success.

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

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Quote from: boyptc on September 21, 2017, 06:23:39 AM

Quote from: davids on September 21, 2017, 05:02:10 AM

Losses is part of trading. we must accept losses and that doesn't to stop us from what we are doing to earn it. i will find another way to bring them back and losses also serves as a lesson for traders to be aware

But if you are losing too much and you think the only way to cut your losses is to quit for a while it's a wise decision. Actually it's not that really quitting but it's like taking a rest or stay away from your portfolio and take a deep breath of fresh air outside because this can relieve the stress that is giving you for having a lot of losses. And just take your time and if you think you are ready again, come back.

Yeah you shouldn't force yourself to make things right ,
Set a limit and stick on it, that's my success key in trading ,
Otherwise you will always get panic to deal with loss and instead recover it you get a deeper lost ,
Learn from mistakes and become a better trader! Loss is a normal thing.

rakib97

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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?

i don't agree for any loss. fiirst I select some some coin that perfect for long run. i buy this coin when i see it price is low and wait for high rate. if coin price is dump i wait for high rate but don't get any loss.

Armstand

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Quote from: GoodLuck2 on September 21, 2017, 07:03:06 AM

Quote from: Tecumseh666 on September 21, 2017, 03:40:29 AM

you must use loss to learn how to be save next time with this way only will be rich

Exactly! This is what investment is, you can never earn profit all the times. Sometimes you suffer as well. I think the best way to recover is none other than learning from your past mistakes and think very carefully at the time of making decision. You need not to lose heart at the time of loss, but you need to look out for some other way to recover that loss, and right its result only will be to make us rich.

Having some loses is really a part of it, we can learn more when we experience such things and we are able to think deeper on what things we can do.

GoodLuck2

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Quote from: Tecumseh666 on September 21, 2017, 03:40:29 AM

you must use loss to learn how to be save next time with this way only will be rich

Exactly! This is what investment is, you can never earn profit all the times. Sometimes you suffer as well. I think the best way to recover is none other than learning from your past mistakes and think very carefully at the time of making decision. You need not to lose heart at the time of loss, but you need to look out for some other way to recover that loss, and right its result only will be to make us rich.

boyptc

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Quote from: davids on September 21, 2017, 05:02:10 AM

Losses is part of trading. we must accept losses and that doesn't to stop us from what we are doing to earn it. i will find another way to bring them back and losses also serves as a lesson for traders to be aware

But if you are losing too much and you think the only way to cut your losses is to quit for a while it's a wise decision. Actually it's not that really quitting but it's like taking a rest or stay away from your portfolio and take a deep breath of fresh air outside because this can relieve the stress that is giving you for having a lot of losses. And just take your time and if you think you are ready again, come back.

CryptoNate21

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I usually try to prevent high loss by using stop/loss when trading.

Setting a stop/loss 5% under buy price usually works for me, if market crashes you only lose 5%...

still I think most losses can be prevented by doing research about the coin you are willing to invest in.

I also use some free software that predicts the future market of several coins. www.cryptoforesight.org

With such a speculative market it is hard to exclude the risk of loss entirely.

But in my eyes if you take time to do research and also use features such as stop/loss when trading, losses can be reduced to a minimum.

davids

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Losses is part of trading. we must accept losses and that doesn't to stop us from what we are doing to earn it. i will find another way to bring them back and losses also serves as a lesson for traders to be aware

traderethereum

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i am trying to cover with another coins and i am trying hard. i know that we don't make profit in every day but i am sure that we continue to try, then we can make profit too. i think sometimes i am loss is because i am not analyze the coins for more but in other time, i can buy the right coin and finally i make profit with that coin.

Stijn35

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don't think to much about that, the next day or week.. you could get it all back

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