How do you deal with loss? - page 73.

senyorito123

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Quote from: Sled on May 19, 2017, 05:27:20 AM

Quote from: batang_bitcoin on May 19, 2017, 04:36:16 AM

Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

All of us are going to feel sad when we are going to lose in trading. It's a normal feeling and you are not a person if you can't feel sorry and regret when you are losing. But with those loses it is teaching us on how to become stronger. With the lesson I learned, I started to hold for a longer term because I can see it's more promising.

Lose is the reward for greedy traders but it is a good thing and not a bad thing to be the reason for us to be sad because getting a loss from trading is like learning a lesson from a teacher that can improve us in trading and also to be able to make better decisions. If you look at your coins that is having a losing moment then don't sell it and keep it for long term to above getting losses.

But also lose is a great teacher since it teaches us on how to act correctly so next time around we will not lose from the same error on our trades. But actually those heavy losses always occuring on certain dumps where people cannot take to hold and believe on the coin that they are beholding.

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Quote from: batang_bitcoin on May 19, 2017, 04:36:16 AM

Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

All of us are going to feel sad when we are going to lose in trading. It's a normal feeling and you are not a person if you can't feel sorry and regret when you are losing. But with those loses it is teaching us on how to become stronger. With the lesson I learned, I started to hold for a longer term because I can see it's more promising.

Lose is the reward for greedy traders but it is a good thing and not a bad thing to be the reason for us to be sad because getting a loss from trading is like learning a lesson from a teacher that can improve us in trading and also to be able to make better decisions. If you look at your coins that is having a losing moment then don't sell it and keep it for long term to above getting losses.

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Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

All of us are going to feel sad when we are going to lose in trading. It's a normal feeling and you are not a person if you can't feel sorry and regret when you are losing. But with those loses it is teaching us on how to become stronger. With the lesson I learned, I started to hold for a longer term because I can see it's more promising.

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Quote from: joshy23 on May 18, 2017, 01:32:25 PM

Feeling sad is a normal response for such situation. The problem is if this emotion of feeling sad bothered you in your daily life. So this is not a good effect on you. But if you just feel sad and the next day, your attitude change and you have a positive outlook in your next trade, then I think that feeling of sadness is already gone and you are looking for the next adventure in trading.

Yes, when we are worrying about losses we could never get chances to recover those losses from future trades. We must accept losses and we need to move forward so that we will be getting chances to compensate those losses with future profits. Not just in trading everywhere we must get practice to this kind of mentality so that we will be having very good attitude in other real life too.

Better solution would be we must concentrate on preventing losses in future trades. If you are facing losses in current trades then we must accept it and must study why it is happening. When we are finding root cause for the losses, we will never repeat same mistakes.

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Quote from: omonuyak on May 18, 2017, 12:35:45 PM

Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

Feeling sad is a negatives emotional habits. For you to trade successful after encounter a heavy losses you have to remain positive after the trade. If you "feel sad" you will not be able to analyze the market properly and you need proper mind set to really succeed in trading as trading is full of loses.

Feeling sad is a normal response for such situation. The problem is if this emotion of feeling sad bothered you in your daily life. So this is not a good effect on you. But if you just feel sad and the next day, your attitude change and you have a positive outlook in your next trade, then I think that feeling of sadness is already gone and you are looking for the next adventure in trading.

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Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

Feeling sad is a negatives emotional habits. For you to trade successful after encounter a heavy losses you have to remain positive after the trade. If you "feel sad" you will not be able to analyze the market properly and you need proper mind set to really succeed in trading as trading is full of loses.

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Quote from: Superways on May 17, 2017, 04:58:12 PM

Quote from: barnes13 on May 17, 2017, 03:30:55 AM

When I'm lose in trading, it will affect my mentality and my emotion I will stop and start my trading again tomorrow, but mostly I will wait the price up again, that's why I'm not trading in shitscoin just in 20 top coin in Poloniex, example i'm buy golem when the price is 16400 satoshi but now the price down and I'm still hold my coin don't have plan sell now.

I was also losing at the time when I was investing in every coin and at that time my situation was the same as you when I lose in that trade then when my experience enhanced then I learned that do not invest in all coins but invest only in famous coins and invest only in those coins which demand is high in the market.

Our mistakes is the best teacher for us because it gives us ideas and lesson that we can use to make better decisions. If you do research a lot and a lot of studying about the coin then you can invest without worrying because a good research will take care of your money and researching is the key for the successful investors out there.

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Quote from: barnes13 on May 17, 2017, 03:30:55 AM

When I'm lose in trading, it will affect my mentality and my emotion I will stop and start my trading again tomorrow, but mostly I will wait the price up again, that's why I'm not trading in shitscoin just in 20 top coin in Poloniex, example i'm buy golem when the price is 16400 satoshi but now the price down and I'm still hold my coin don't have plan sell now.

I was also losing at the time when I was investing in every coin and at that time my situation was the same as you when I lose in that trade then when my experience enhanced then I learned that do not invest in all coins but invest only in famous coins and invest only in those coins which demand is high in the market.

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Quote from: barnes13 on May 17, 2017, 03:30:55 AM

When I'm lose in trading, it will affect my mentality and my emotion I will stop and start my trading again tomorrow, but mostly I will wait the price up again, that's why I'm not trading in shitscoin just in 20 top coin in Poloniex, example i'm buy golem when the price is 16400 satoshi but now the price down and I'm still hold my coin don't have plan sell now.

Of course it will affect the decisions you will make the next time and doubt will be there in an extreme level.
It is your money that was lost, you have the right to angry at something.
But this madness should be controlled to be a better trader.
When it comes to picking an altcoin I always use my strategy to pick those with high volumes. Not recommended for others though.
I also pick those who will pay a lot in advertising just for the sake of popularity.

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Quote from: wuvdoll on May 17, 2017, 03:39:52 AM

Quote from: barnes13 on May 17, 2017, 03:30:55 AM

When I'm lose in trading, it will affect my mentality and my emotion I will stop and start my trading again tomorrow, but mostly I will wait the price up again, that's why I'm not trading in shitscoin just in 20 top coin in Poloniex, example i'm buy golem when the price is 16400 satoshi but now the price down and I'm still hold my coin don't have plan sell now.

But holding altcoin may not be the right way of dealing with your losses. Holding is only suggested in the case of trading bitcoin because almost all the altcoins are being manipulated for example you can see in recent times how dogecoin got pumped and what is currently happening with ripple and steller.

I am afraid your waiting may go infinity, if insiders of that coin may not turn back.

In my experience the right way of dealing losses : when you are entering into any position have some limit for your losses. That limit should be based on the same analysis which have made you to enter the position. If that limit is reached, sell and accept the losses.

Holding atcoins is not viable 'anti loss strategy' backup plan or an attempt to recoup your trading losses. Altcoin holding is good way to test the waters.
The best strategy is to buy numerous altcoin for like $100-$150 and wait - there is a chance that some of them will be adopted by community and succeed.

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Quote from: qiwoman2 on May 17, 2017, 01:56:01 PM

I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

It might be simple and effective way of avoiding losses in trading if we are switching over to long term trading instead of day trading. I have observed that many traders are sharing their experience with day trading as not good and it is more severe with the case of altcoin trading.

Instead of having plans to deal with losses, it would be much better if we are planning to avoid losses completely. I believe long term based trading will be very right solution here.

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Quote from: gabbie2010 on May 17, 2017, 09:03:40 AM

A good trader will envisage loss as part of trading. In most business there must be a loss and a trader will take it and move on. A good trader will always consider risk to reward ratio of a particular trade and if R:R is 1:3 it is good to go, Winning three to four and losing once is still very much in profit.

These losses are considered to be collateral damage. It's the unpredictable nature of basically every market that makes traders understand that losses are inevitable -- they are part of trading. Main point of importance is that you as traders make more winning than losing trades. You'll then be able to catch up losses without any problems. So yes, you're correct. Glad that at least someone here knows how things work in trading.

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I feel sad obviously but can't do much about it. I try now to trade more long term, buy a few promising alts and hold them as I find day trading way too stressful and tiring. I have always lost in day trading so long term trading works out a little bitter for me.

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Quote from: ChronoLite on May 17, 2017, 12:25:16 PM

Quote from: gabbie2010 on May 17, 2017, 09:03:40 AM

A good trader will envisage loss as part of trading. In most business there must be a loss and a trader will take it and move on. A good trader will always consider risk to reward ratio of a particular trade and if R:R is 1:3 it is good to go, Winning three to four and losing once is still very much in profit.

Yes, loss is an experience you got from trading and with the time being you can control your loss or at least minimize the lose. Trading is only pump and dump sometimes you are lucky sometimes you ain't, you should note that in your head.

yes profit and lost are the part of trading. but wise people always study and find out the reason of their lost. and after that they decide and take necessary action to overcome the weakness that cause the lost. through this way they can reduce the risk of losing money again and again and increase their winning chances.

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Quote from: gabbie2010 on May 17, 2017, 09:03:40 AM

A good trader will envisage loss as part of trading. In most business there must be a loss and a trader will take it and move on. A good trader will always consider risk to reward ratio of a particular trade and if R:R is 1:3 it is good to go, Winning three to four and losing once is still very much in profit.

Yes, loss is an experience you got from trading and with the time being you can control your loss or at least minimize the lose. Trading is only pump and dump sometimes you are lucky sometimes you ain't, you should note that in your head.

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Quote from: lighpulsar07 on May 17, 2017, 03:47:56 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?

me, i will sell it immediately because, why do you keep your coin if the price is falling down like a meteor, you should liqudate it immediately and the invest it to another potential coin instead right? even though that you are the supporter of the coin. loss is a loss it doesn't mean it's the end of the world, just learn from your experience and try again

some time people start panic selling which will confuse you to sell or hold, i think the most important job is to keep regular eye on the market and get information from time to time. so that you can take a good and right decision in a right time.

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Quote from: loading... on May 17, 2017, 06:53:07 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?

I just hold it and waiting for its value to pump again so that I don't blame myself in losing my money. This is quite tedious to do yet this is must for a trader/investor to eliminate lose and to succed the goal of making profit.

yeah there's a big chance that a pump would happen when a big dump occurs. I think whats important here is that you don't lose composure and stick to your game plan if you have one. don't make any hasty and rash decisions that can worsen the situation

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A good trader will envisage loss as part of trading. In most business there must be a loss and a trader will take it and move on. A good trader will always consider risk to reward ratio of a particular trade and if R:R is 1:3 it is good to go, Winning three to four and losing once is still very much in profit.

loading...

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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?

I just hold it and waiting for its value to pump again so that I don't blame myself in losing my money. This is quite tedious to do yet this is must for a trader/investor to eliminate lose and to succed the goal of making profit.

lighpulsar07

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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?

me, i will sell it immediately because, why do you keep your coin if the price is falling down like a meteor, you should liqudate it immediately and the invest it to another potential coin instead right? even though that you are the supporter of the coin. loss is a loss it doesn't mean it's the end of the world, just learn from your experience and try again

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