Topic: How do you deal with loss? - page 68. (Read 52306 times)

Thought loses is part of a successful trade you I do study the chart and do research to find out why an Asset is fell in price intead of appreciating? If I find out from the chart that the strongest support level has been broken and macd is showing high volume I need no body to tell me that there is a dump and the only option for me is to sell at loss.

Whether it's with altcoins or with Bitcoin, if the price happens to go down significantly (or ar any other amount), you don't actually lose anything if you don't sell your coins at a loss. In the same way, you don't gain anything if the price happens to go up, and you don't sell your coins above the price you bought them at. Problem with altcoins in recent days is that the majority of them are pumped up badly, and thus significantly increases the chances of these coins to go down in value hard. I am actually glad there is at least someone that isn't dumping his coins out of blind panic. May I know what coins you bought that went down badly?

To win cutting loss is not easy,
either HODL or you are certain about where to have next entry.

Trading is risky,
I suggest that for my self that I have to get a certain limit to cut loss (or to get benefit/margin, eg. 10% - 30% profit/loss).

I hate this dump , I lost almost my half money from my altcoin invest, I don't have any way to get profit from this except prices will gain again.
I not withdraw my altcoin I am just waiting and waiting

Obviously people don't want to lose any bitcoin at all. But always remember that is quite normal and necessary in investments and trading. Just consider lose or loss as an opportunity for you to do better in the future. Always learn from your mistake. In fact if you los something you could actually try on earning more by having an option or thing to invest to just make sure that you could actually have the time and power to manage it for you to lessen the risk on both ends of investments or tradings.

to me i think it is depending on the amount that i have lost. if i lost a big amount then it is really panic situation and feel do not good, but if the lost amount is small one then do not care so much.

That's a good step by step way of handling the situation. I agree though, this would be a fantastic way to surgically identify where it gone wrong and why you incurred those losses and likely you'll learn from your mistakes and you would be better on the next time it happens. Like the saying, if we forget history, history will just repeat itself.

If asked to choose certainly no trader is willing to lose money constantly. Possible losses may be provided if the final result is still positive. That is what is in the minds of traders in general. But in reality the more traders often lose the more panic will be. The sequence of losses (losing streaks) causes his perspective on forex trading to change. The market is considered unfriendly again and must be conquered. Disciplined and consistent trading methods are soon abandoned. The important thing is how to get revenge and win against the market. Here's how you can do if loss in trding

1. Immediately take time to rest
When you're in turmoil and panic after a successive loss, stop trading activities immediately and take time off to rest. Forget the complexity of your trading position. Let first open trading positions. Rest does not mean a complete stop, you will later be able to think more clearly about the best steps to overcome your losing open positions. This way is simple but often ignored by traders.

2. Identify the factors causing the successive losses
Successive losses can be caused by various factors such as stressful thoughts, euphoria or excessive pleasure, or changes in routine habits due to changing and unmodified environmental conditions. Such mental stress usually causes you to be over trading.

3.. Learn the trading journal in the period of the loss
Once you know the factors outside the trading system that you use, the next step is to review the implementation of the trading plan that you have agreed upon. View your trading journal in the period of the occurrence of successive losses. Are you consistent enough on your trading plan? If you are deviated from the plan, could it be caused by a factor in point (2) above?

4. Take action like a professional trader
Once you know the main factors causing the losses beruntun, immediately do pembenahan. Act like a professional, identify the main cause of the problem, then make improvements. If the subject matter is at point (2) what you should do, and if it's at point (3) you should fix your strategy or trading plan. Immediately do.

If i used short term strategy trading altcoins ( taking short profit in minutes) i will do stop lost when wrong prediction of price, but if i used long term strategy trading i will hold the positions although i have made wrong prediction because one day the price will going more up again, include management of money and risk losing in trading, everything must be managed before entry and exit the market.

As of now, I'm just waiting in hope that the price will at least go higher than the ICO price of the coins that I have. Losses sure are normal and you would encounter that a lot especially when you are just starting out. Accept the fact that there are bad days and there are good days. It's not the end of the world when you lose money. Take it as a challenge for you to perform better for future trades. You can lose now but you can certainly recover that at some point. It's not "Game Over" when you lose some money from trading. Your life will go on and you will have better trading opportunities in the future.

One thing, don't cry about your losses. Don't even think about it. It's okay to be frustrated at first but know that you have to move on.

in my part  i do believe that in life there are always a different ways and option.what ever it is or how  hard it is in terms of losing.we must move on to the other page of life.i will get what ever left in my investment.and start a new action.
It is not about how many times you failed it is all about how you stand and indure all distreses.
I believe in sayings that if theres a life theres a hope.so continue ..

Well there will be times when we will have to deal with a loss eventually. Probably in bitcoin we're a bit secured especially if we've been keeping btcs since last year but in trading ither altcoins it can't be helped. I get a couple of losses though the longer i trade the more relaxed i become because one of the worst mistakes you can make is to let your losses get to you in making your decisions. A loss is a loss so just let it be and focus on whats ahead

Yes, accepting loss and learning some lessons from that loss the right way to deal with losses in trading. But some people are not ready to accept losses that is the reason they are finding losing in trading is highly frustrating to them.

I believe they will get practice to losses over time and when they are becoming experienced traders, they can also move easily away from their losses more easily how pro traders are doing.

Exactly and if you have invested in good and reputed coin then there is no need to get panic even if price goes down as it will bounce back in future and you should worry only if you have invested in shit coin hoping that it will pump instantly but most of the times that doesn't happen which will result in loss.

Guys debating these things are useful but we can prevent loss by placing stop-loss orders in exchanges. Most of us know there is stop-loss function, but only a few of us use it. And this results in huge loss by not preventing it from happening.

The time is not always the same bro, your good luck you never got to deal with your loss, but in future, it may come. But in trading, we can control our loss with our patience. Only the panic sellers will get more loss in trading apart from the normal traders will wait right time to sell and make money. 

In trading can be created or misfortune, you must be set up for it, I once put resources into one coin alt sometime recently. Beginning cost is extremely steady. One time the cost dropped drastically and did not rise once more. Clearly, I am baffled since I lost plenty of coins. From here I learned I simply concentrate on different coins. What's more, don't stall out with only one coin.
first, learn then earn

I'm dealing with my loss. Actually I don't have loss in trading or selling bitcoin. Because I entered bitcoin when the price was not still getting to $1,000.
So there's nothing to regret if I ever sell bitcoin lower than $2,500 but higher than $2,000. It's already a profit for me so there's no need to deal with loss.

Yes exactly , accept the loss you would never be learned from all of it if you cant get loss even in all aspects it can be happen. Be possitive anyway thats life its just up and down.

It's a continuing journey in trading and along the way we will make a lot of mistakes but we should be learning from it
so we will improve. A loss is a loss, but it does not mean it's the end of journey, we can always recover if we try harder next time.