How do you deal with loss? - page 62.

fullypak

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Quote from: BitcoinBallerina on September 16, 2017, 12:02:54 PM

Quote from: chocolah29 on September 16, 2017, 01:27:17 AM

Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

Eating comfort foods is away to run away from the problem which means you are losing and your system is not working, you must find a path that feels right always.

One type what he is doing is right. When we lose money immediately, we will not get any solutions. In that time if you think also it is just time waste no idea will come to your mind. But after taking some rest and when your mind is fresh you think about your loss definitely you will get a better solution.

Oceat

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Quote from: BitcoinBallerina on September 16, 2017, 12:02:54 PM

Quote from: chocolah29 on September 16, 2017, 01:27:17 AM

Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

Eating comfort foods is away to run away from the problem which means you are losing and your system is not working, you must find a path that feels right always.

I think you were right since he doesn't solve his own problems but instead he just forget it and he never learned anything with his loss i guess. In fact he could be a great trader and investor if he manage to take a note or at least a list of what went wrong and why does it happened. This should helps him to take an easy steps to be a professional trader/investor.

BitcoinBallerina

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Quote from: chocolah29 on September 16, 2017, 01:27:17 AM

Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

Eating comfort foods is away to run away from the problem which means you are losing and your system is not working, you must find a path that feels right always.

nskendrovic

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Quote from: dunfida on September 16, 2017, 09:22:04 AM

Quote from: chocolah29 on September 16, 2017, 01:27:17 AM

Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

Getting stressed cant really be avoided specially when we see that we are losing money this is why easing it would really be helpful for our future trades and learning from our mistakes is always suggested when it comes to trading because when we are already experienced enough on this field we would already know the things we must supposed to do when it comes on unexpected things happen along the way.

If you are getting stressed you shouldn't be trading. You should be 100% confident otherwise it's a waste of time, unless you have money to blow and are feeling lucky...

streetlight

sr. member

Activity: 253

Merit: 250

Quote from: ?? on ??

The closest I’ve come is that I have learned to cope with my losses in a manner that results in the least amount of lingering collateral damage. In other words, I’ve learned to quickly move on.

As I see it, there are two types of losses. The first type of loss is simply a result of the laws of probability and is to be expected even if you follow your methodology. I tell my classes that I lose about 4 out of every 10 trades. The novices in the class react by asking themselves why they are taking an investment class from such a loser. The experienced investors nod their heads in approval. The point is that when I lose, I cut my losses quickly to minimize the costs and I move on. When I have a winner, I let it run. It works out to be a net positive as the winners more than compensate for the losers.

You should be teaching classes if you're telling them to quickly move on. It should be a lesson, maybe to not trade and just buy and hold BTC since it's supply is limited and most alts are unlimited.

coin_1122

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Activity: 1134

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Quote from: crypt0xmancer on September 16, 2017, 10:36:14 AM

Just move on and learn from your mistake dude...if you keep on blaming yourself for that loss or you are stuck in loop thoughts of regret, that is not going to get your money back!

Yes, it is always good to move on because if you stay it can't make you learn. So you have to move from your mistake to profit-making steps.
In this industry, we have to move on, if you stuck at one point and you can't regain back all your knowledge.

crypt0xmancer

newbie

Activity: 26

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Just move on and learn from your mistake dude...if you keep on blaming yourself for that loss or you are stuck in loop thoughts of regret, that is not going to get your money back!

jvdp

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Merit: 523

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Quote from: majdoso on September 16, 2017, 07:48:09 AM

Trading is loss and win. you have to accept it when your plans do not wrok. Trading field is so hard and complicated. There you have to intelligence not luck.
Everyone must be convinced that he can lose as he can win.
When we lose we do not have to stop but to carry on and move foward to improve skills.

Correct words.In trading, like a coin both loss and gain will be there. Unless you loss in trading. You can't gain any knowledge about trading. But best principles of trading is "You should brought lot of bitcoin if the price of the coin is low and Sell Almost entire coin if the price reaches the moon".If you follow the principal means,you won't loss.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: chocolah29 on September 16, 2017, 01:27:17 AM

Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

Getting stressed cant really be avoided specially when we see that we are losing money this is why easing it would really be helpful for our future trades and learning from our mistakes is always suggested when it comes to trading because when we are already experienced enough on this field we would already know the things we must supposed to do when it comes on unexpected things happen along the way.

majdoso

full member

Activity: 126

Merit: 100

Trading is loss and win. you have to accept it when your plans do not wrok. Trading field is so hard and complicated. There you have to intelligence not luck.
Everyone must be convinced that he can lose as he can win.
When we lose we do not have to stop but to carry on and move foward to improve skills.

Taylorw

sr. member

Activity: 336

Merit: 250

I try to keep calm, find something else to do and avoid urgent sale in panic. Usually it helps and in one moment everything is going up

chocolah29

full member

Activity: 588

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Quote from: Rebisco on September 16, 2017, 12:29:09 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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

Yeah you're mistake is a chance to try harder and this can help us to make a better person.
Well like you, when I lose I just call it a day and move on. Sometimes I just eat comfort foods instead of thinking what I lose. This is I always do and really works for me everytime.

777Bitcoin

full member

Activity: 140

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As of now, I'm not on losing field. I always be careful with altcoins. Because of they're numbers many have failed to studied them at the first place. Even if in the long run I've failed, I've been preparing for that day and I think I'm ready to that day when come. It was even planned, drink a lot of water with a little liquor on the side and watching movies then off for a day in market charts. But as long as I'm not yet in that scenario, I'm just living day by day.

Rebisco

full member

Activity: 651

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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?

When I lose in the trading or gambling, I always telling to myself that it is all right and it is part for becoming a good trader. I know that I will gain a lot of profit by learning in my mistakes.

ToyotaFortuner

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Activity: 574

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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'll just keep the altcoin down to the bottom, because I believe it would be more enjoyable to wait, while waiting not to feel the bitcoin price goes up, so I get a lot of profit, I never sell the price loss, because that's the stupid thing I've ever been do it.

feelideb

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Activity: 770

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fLibero.financial

How do u deal with loss? If it is bitcoin value loss, hold. If otherwise cut your losses.

Sowik

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I prefer to hold as I am investing in projects, not trading. I know my investments are gonna be good long term

no0dlepunk

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There would be no loss unless you sell your coins below your buying price. Right now everyone is in panic because they think that bitcoin will continue to drop in the next few days, but I guess they did not consider the fact that somebody else is buying at the dip. Now, in case you missed the opportunity to sell (because the current price seems too low), I recommend that you just HODL. Again, there would be no loss unless you sell your coins below the buying price. CAVEAT.

virasisog

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Quote from: ShadowBits on September 15, 2017, 11:15:10 AM

you have to set aside emotions in trading,lost is part of the journey but it means you learn something from it right
always stay positive and put in mind that next time you should be wiser
study your coin before trading...

You're right, because if we only going to accept our loss and make i as part of growing, improving and kearning from that we can be a better trader in the future instead by dealing with quiting or being greedy that have no good result in the end.

ShadowBits

hero member

Activity: 994

Merit: 504

you have to set aside emotions in trading,lost is part of the journey but it means you learn something from it right
always stay positive and put in mind that next time you should be wiser
study your coin before trading...

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