How do you deal with loss? - page 69.

evilgreed

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Quote from: gabbie2010 on July 10, 2017, 03:22:40 PM

Losses is part of trading, there is no perfect trading strategy it is the trader that will set his stop loss to a small fraction of his investment. 2% or 3% of the total investment. A good trading plan of risk to reward ratio 1:2 or more will surely be profitable despite some losses, It is always advisable to develop a good trading plan.

Agree, losses also serves as a lesson for traders to be aware and be careful next time or next turn of trading. A good trading plan also includes your target, when and where to get out or exit from your trades, or sometimes you also have back up plans incase what will happen if the price becomes lower than expected.

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Losses is part of trading, there is no perfect trading strategy it is the trader that will set his stop loss to a small fraction of his investment. 2% or 3% of the total investment. A good trading plan of risk to reward ratio 1:2 or more will surely be profitable despite some losses, It is always advisable to develop a good trading plan.

iyan33

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Losses in a trade may be a common thing, but the lesson of such loss should be made in experience of future trade evaluation. A successful person in trading is not a person who has never suffered a loss in his trading activities but a person who is able to rise from a loss As well as making it a valuable lesson to always be meticulous in conducting trade transactions later on.

Potato Chips

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Quote from: KingdomHearts on July 10, 2017, 04:36:12 AM

Quote from: Darknight31 on July 10, 2017, 01:54:45 AM

Quote from: jhenfelipe on April 03, 2017, 09:03:14 AM

In investing, it's either earn or lose so you should be ready. Honestly, I invested in an alt coin before, the price goes down and up, so I did think of it as a normal scenario. One time the price went down again and I thought it would go up back but unfortunately, it didn't due to the broken block chain. Of course I felt sad and sorry at first, but I accept the fact that it was gone. I just go with the flow and focus on other investment.

Dealing with loss comes in form for every individual. Some can cope easily while some are having a hard time and takes time for them to heal and forget about what they have loss. But the best-est thing to do in dealing with loss is to accept it whole-heartedly because it's never your fault and it's normal if you're involve in somehow business things.

What is form ? Do you mean experiences ? Getting frustrations for booking losses might lead to downgrade our performances in trading.

We must move on from any losing moments so that we will be able to get ready to recover those looses. Other than these, we must work hard to find out what went wrong to make those losses. When we find out the reasons then we will not repeat same mistakes.

i think he meant "dealing with loss comes in different forms for every individual", forgot to add another word before form lol.

like what you have said, learning from our mistakes is a good way to prevent the same thing happening again. isn't that why booking losses is helpful. if you're focused and

determined on your goal--which is to find what gone wrong, frustration is out of the question. however if it persists you can no longer find out that particular mistake as it

requires you to go back on what happen and everytime you go back you will feel that feeling all over again. i belive that is some psychological problem hmmm.

Element.M

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The decision of when to cut your losses is one of the toughest questions in trading. Generally, some people will tell you never to lose more than ~2% of principle in any trade; however, it's not necessary easy to follow that in practice, especially when trading highly volatile markets.

Discipline is the key to trading and you need to learn from your loss. Never invest more than you can afford to lose, have a proper trading system and adhere to it firmly, learn to hedge (!), and don't be greedy.

KingdomHearts

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Quote from: Darknight31 on July 10, 2017, 01:54:45 AM

Quote from: jhenfelipe on April 03, 2017, 09:03:14 AM

In investing, it's either earn or lose so you should be ready. Honestly, I invested in an alt coin before, the price goes down and up, so I did think of it as a normal scenario. One time the price went down again and I thought it would go up back but unfortunately, it didn't due to the broken block chain. Of course I felt sad and sorry at first, but I accept the fact that it was gone. I just go with the flow and focus on other investment.

Dealing with loss comes in form for every individual. Some can cope easily while some are having a hard time and takes time for them to heal and forget about what they have loss. But the best-est thing to do in dealing with loss is to accept it whole-heartedly because it's never your fault and it's normal if you're involve in somehow business things.

What is form ? Do you mean experiences ? Getting frustrations for booking losses might lead to downgrade our performances in trading.

We must move on from any losing moments so that we will be able to get ready to recover those looses. Other than these, we must work hard to find out what went wrong to make those losses. When we find out the reasons then we will not repeat same mistakes.

Dudeperfect

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Quote from: llx_magik on July 10, 2017, 03:57:44 AM

How do you deal with loss?- that's a real good question, I would like to get answered,lol/
I even had to ask my friend,who happens to be a psychologist..well, as already expected, she told me to take deep breaths and count to 10 Roll Eyes

That prevented me from not smashing my pc, but it didn't help me from seeing my coins drop even further,lol.

So I'm always just like shell I wait it out, it might rise up again,any moment from now, or sell it asap to prevent further loss.
Is there some smart calculation, you learn to master over time, or is it just sheer luck? Huh

In such cases it is more related with the emotional quotient rather than intelligence quotient in my opinion and thus it is necessary to deal with smart decision in the period without taking putting our self in the panic mode. The other one I see is the greed, so even in the case of 10% profit, we try to look for 11% or 12% and thus even lose the +10% position. I have lost my whole capital many times when I used to trade based on my immature emotions. However, I am still learning the process.

llx_magik

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How do you deal with loss?- that's a real good question, I would like to get answered,lol/
I even had to ask my friend,who happens to be a psychologist..well, as already expected, she told me to take deep breaths and count to 10 Roll Eyes

That prevented me from not smashing my pc, but it didn't help me from seeing my coins drop even further,lol.

So I'm always just like shell I wait it out, it might rise up again,any moment from now, or sell it asap to prevent further loss.
Is there some smart calculation, you learn to master over time, or is it just sheer luck? Huh

mirakal

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Quote from: jualidbitmixer on July 10, 2017, 01:22:43 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?

I usually keep waiting until the price of that altcoin increase again and find information about that altcoin about why the price is going down and keep watching the price of the altcoin and when the price increase to the normal or even more i will sell it directly.

For me as long as I believe that a certain project has a potential to succeed and I see the price down below ICO or below its average pricing then I will certainly grab because it's already an opportunity for me to me instant money once the price back up again.

Price is volatile here in crypto and it will surely not gonna be stagnant for long, just be patient and maybe in less than a month you can sell it already with a great profit, that is just my observation and i do not guarantee it will surely give profit to all of us, try it for your own risk, that's normally what I read from people who give tips as well.

Darknight31

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Quote from: jhenfelipe on April 03, 2017, 09:03:14 AM

In investing, it's either earn or lose so you should be ready. Honestly, I invested in an alt coin before, the price goes down and up, so I did think of it as a normal scenario. One time the price went down again and I thought it would go up back but unfortunately, it didn't due to the broken block chain. Of course I felt sad and sorry at first, but I accept the fact that it was gone. I just go with the flow and focus on other investment.

Dealing with loss comes in form for every individual. Some can cope easily while some are having a hard time and takes time for them to heal and forget about what they have loss. But the best-est thing to do in dealing with loss is to accept it whole-heartedly because it's never your fault and it's normal if you're involve in somehow business things.

Potchi

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Quote from: bitbunnny on April 03, 2017, 02:19:51 PM

No one likes to lose and its not easy to cope with losses but the first rule is not to invest or trade more then you can afford to lose.It's not always easy because the feeling can overflow you and each time you can think now it's my chance, my lifetime opportunity to earn big time but you have to learn how to control emotions and trade rationaly and wisely.

Loss is word always related to business activities. And i think it's normal in every business. But not if you intended to loss something. Dealing with loss for every person is of course different because every person has their own personalities. There are ones who can easily cope with loss because of positive thinking while others are struggling to deal with loss because it means to them. My way of dealing with loss is to do things that will make me forget about it.

jualidbitmixer

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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 usually keep waiting until the price of that altcoin increase again and find information about that altcoin about why the price is going down and keep watching the price of the altcoin and when the price increase to the normal or even more i will sell it directly.

Vixmore

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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?

Best way to deal with a loss: forget about it and move on. There is no logical other way to deal with it unless you want to grieve over it and emotionally depress yourself even further. Try to save what you have and invest it in something more sure and stable and wait for the money to come back. Do not cry over it.

Also another tip; Never place all your money into 1 coin. NEVER. I learnt this the hard way when i invested a lot into a pump and dump altcoin that went flat before I sold my investment. However, it also really matters in which altcoin you invested in. Sometimes, the price and value should retain itself after a given amount of time. It really differs from every situation. Always go by your gut feeling so you wont regret anything in the future or believe that you have missed out on anything. After all, life is life, things like this happen.

Images21

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Trading does not yield profit if you just toss you bitcoin hoping that it will give you something in return. What do I mean? Cryptotrading does not have to need luck. It needs studying, assessment, observation, etc. There will be risks along the way of your trading, you are aware of that from the beginning. Acquiring loss is part of it but a serious one can be avoided.

When a certain altcoin is already losing, the ball is yours whether to pull that out from some more serious loss or let it stay there because it will for sure bounce back. It depends on the specific situation of the altcoin actually. Either of the two is a wise and sound decision depending on the circumstances.

iram1011

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Whenever you encounter a loss in trading, always take a break either to learn some new techniques or introspect the mistakes you made. If the losses make you even more hungry for profits, resist the urge to make everything back and more RIGHT AWAY. Better have a short break.

One and foremost rule of trading is NEVER PUT YOUR WHOLE AMOUNT IN ONE COIN, NEVER EVER. Always try to diversify your holdings. This is one of the best way of handling loss in trading.

Kersh768

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Quote from: ModGirl on July 09, 2017, 04:02:39 PM

Quote from: Angel777 on June 09, 2017, 09:57:20 AM

I deal with my loss by planning a solution how to get it back fast to me.I will trade bitcoin so that I will get fast my loss.Because bitcoin transaction is easy to profit a big amount so fast.And have the oportunity to be like some of the bircoiners who are rich now

If anyone is thinking abut t invest in bitcoin and trade in bitcoin then it is not possible that they will lose because now bitcoin is very well. We all can easily trust on bitcoin and we all can say that its price will increase more higher. Even after August I am sure that bitcoin will be the best currency and will increase in price.

I don't think so. So far, there is no certain in bitcoin's market thus we should play what we can afford to lose. Another thing, just because they are confident on the currency they are holding/used to trade it doesn't mean that they will not lose. Market is unpredictable and it doesnt go alwasy advantage for its holders. There are times that it's profitable and there is a time that it's not.

BitHodler

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Quote from: Angel777 on June 09, 2017, 09:57:20 AM

I deal with my loss by planning a solution how to get it back fast to me.I will trade bitcoin so that I will get fast my loss.Because bitcoin transaction is easy to profit a big amount so fast.And have the oportunity to be like some of the bircoiners who are rich now

Do you realize that you are exactly making yourself look like an addicted gambler with how you talk? Gambler logic ~ let's play some more to earn back what I lost.

Another impression you are giving me is that you don't know what you're talking about, and you are looking at trading like it is a piece of cake.

It may sound harsh, but the hard reality mostly doesn't consist of being nice and easy just to please someone. The truth in most cases is very hard for people to swallow.

ModGirl

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Quote from: Angel777 on June 09, 2017, 09:57:20 AM

I deal with my loss by planning a solution how to get it back fast to me.I will trade bitcoin so that I will get fast my loss.Because bitcoin transaction is easy to profit a big amount so fast.And have the oportunity to be like some of the bircoiners who are rich now

If anyone is thinking abut t invest in bitcoin and trade in bitcoin then it is not possible that they will lose because now bitcoin is very well. We all can easily trust on bitcoin and we all can say that its price will increase more higher. Even after August I am sure that bitcoin will be the best currency and will increase in price.

batang_bitcoin

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Quote from: ePesoInitiative on July 09, 2017, 03:23:37 PM

A bottle of whisky and a box of hankies.

Real men will just sit and relax and have this drink. Well when I loss I usually regret and blaming myself if ever something big loss. But its only good for about one day only because I'll never blame myself longer time as I can't focus with trading if I can't move on immediately. To others, you need to deal with loss lightly and quick on moving on.

sweetbet

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Unless the alt coin was purchased at a ridiculously high price, it will usually bounce back to the purchase price and hopefully above it. We only lose when the sale price is lower than the purchase price. Now I set my purchase price as low as possible, and never sell unless I make a profit.

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