How do you deal with loss? - page 76.

Vaskiy

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Quote from: clickerz on May 12, 2017, 09:26:58 PM

Quote from: Vasu Dev on May 12, 2017, 01:49:11 PM

If we get loss then we need patience. go forward with long term investment policy. we must get good benefits by long term investment policy.

Long term investment is another strategy in trading. Time is a great ally here. Dealing losses with trading is one of my fear before. Now, I learned to spread my investment and divided to long term and short term. Now, If I lose on another, I see to it that I gain on another coin. That is trading, you have some losses and gains. Be wise enough to formulate your strategy.

Long term investment is always a better way to earn good relative to the profit earned from trading. It's good to make a research about the coins that are existing periodically and make a buy and hold it long. If lucky might experience a sudden pumping as the one happened recently with several coins starting from eth, doge and so on.

stadus

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Quote from: clickerz on May 12, 2017, 09:26:58 PM

Quote from: Vasu Dev on May 12, 2017, 01:49:11 PM

If we get loss then we need patience. go forward with long term investment policy. we must get good benefits by long term investment policy.

Long term investment is another strategy in trading. Time is a great ally here. Dealing losses with trading is one of my fear before. Now, I learned to spread my investment and divided to long term and short term. Now, If I lose on another, I see to it that I gain on another coin. That is trading, you have some losses and gains. Be wise enough to formulate your strategy.

That is right, you must have a short term and long term investment to be able to have an active income, actually if you are good in trading you can always take advantage of the price volatility, the game here is from bitcoin to altcoins and usually the trend does not change that much.
When the value of bitcoin drop, altcoins market will increase, that's what I follow and so far it is so good.

clickerz

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Quote from: Vasu Dev on May 12, 2017, 01:49:11 PM

If we get loss then we need patience. go forward with long term investment policy. we must get good benefits by long term investment policy.

Long term investment is another strategy in trading. Time is a great ally here. Dealing losses with trading is one of my fear before. Now, I learned to spread my investment and divided to long term and short term. Now, If I lose on another, I see to it that I gain on another coin. That is trading, you have some losses and gains. Be wise enough to formulate your strategy.

SHAWN-MIDWAYS

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Quote from: btcforall777 on May 12, 2017, 05:51:28 PM

Quote from: Kemarit on May 12, 2017, 08:02:57 AM

Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

LOL. I didn't vomit on my first big lost waking up in the morning. I only got frustrated but I realized that the more I got frustrated, the more I loss my concentration in trading. That's why I try to stay cool most of the time, but simply taking a walk around the neighborhood and coming back with more vigor not to make the same mistakes again. I'm not a person that easily gave up, so any disappointed and frustration that comes along I will take it, but rest assured that I will try to avoid if it the circumstances presents itself again.

Define "big loss". Big loss is different for everybody. I lost $22,000 on 1 trade about 5 years ago. For me that was a lot of money. I was at work and was trying to act normal. Went to the bathroom twice to vomit and I was pissed for about a week. I learned never put all of your eggs in 1 basket. Even if you are SURE!

Ouch, well i have not gambled that much because i like to keep my losses to a minimum but its unfortunate you had to learn a valuable lesson the hard way... As the old saying goes "A problem shared is a problem solved" its also good that you sharing with the community hope we learn not to be greedy at any one time .

Sled

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Quote from: Vasu Dev on May 12, 2017, 01:49:11 PM

If we get loss then we need patience. go forward with long term investment policy. we must get good benefits by long term investment policy.

Yes that is right, If we experienced loss from a certain coin then do not sell that coin and just hold it for long term if you think that they have a good team and developments that are keep coming for this year. Most of the altcoins now are pumping and having a good price rally and i think that is a good sign that the price of your altcoin that you give loss will be good for long term to recover and earn profits.

Japinat

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Quote from: btcforall777 on May 12, 2017, 05:51:28 PM

Quote from: Kemarit on May 12, 2017, 08:02:57 AM

Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

LOL. I didn't vomit on my first big lost waking up in the morning. I only got frustrated but I realized that the more I got frustrated, the more I loss my concentration in trading. That's why I try to stay cool most of the time, but simply taking a walk around the neighborhood and coming back with more vigor not to make the same mistakes again. I'm not a person that easily gave up, so any disappointed and frustration that comes along I will take it, but rest assured that I will try to avoid if it the circumstances presents itself again.

Define "big loss". Big loss is different for everybody. I lost $22,000 on 1 trade about 5 years ago. For me that was a lot of money. I was at work and was trying to act normal. Went to the bathroom twice to vomit and I was pissed for about a week. I learned never put all of your eggs in 1 basket. Even if you are SURE!

Of course we have different definition of "big loss" because we have different financial capacity, if I loss like $1,000 its already big to me so I will surely be mentally and emotionally affected. But anyway a loss is a loss we have to deal with it, either we will quit and improve our method to win the next time around. Honestly, it's a hard journey but we can always improve because it's never possible to succeed, just keep learning.

btcforall777

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Quote from: Kemarit on May 12, 2017, 08:02:57 AM

Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

LOL. I didn't vomit on my first big lost waking up in the morning. I only got frustrated but I realized that the more I got frustrated, the more I loss my concentration in trading. That's why I try to stay cool most of the time, but simply taking a walk around the neighborhood and coming back with more vigor not to make the same mistakes again. I'm not a person that easily gave up, so any disappointed and frustration that comes along I will take it, but rest assured that I will try to avoid if it the circumstances presents itself again.

Define "big loss". Big loss is different for everybody. I lost $22,000 on 1 trade about 5 years ago. For me that was a lot of money. I was at work and was trying to act normal. Went to the bathroom twice to vomit and I was pissed for about a week. I learned never put all of your eggs in 1 basket. Even if you are SURE!

btcforall777

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Quote from: shield132 on May 11, 2017, 04:30:44 PM

Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

Yes, you mentioned correctly but at the same time to my mind we have to be normally when we lose because personally when I lose, I am very, very sad, doesn't matter how much I lose and I try to train myself to avoid such feeling. BTW in trading you need to be balanced (quite) man eith good knowledge and to my mind such man will be successful in trading.

Bitcoin dropped 100 points in about an hour today and I took a beating. But I believe I will make it back. Moving forward.

Vasu Dev

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If we get loss then we need patience. go forward with long term investment policy. we must get good benefits by long term investment policy.

el kaka22

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Quote from: carlfebz2 on May 08, 2017, 12:27:31 PM

Quote from: zeze18 on May 08, 2017, 11:01:41 AM

Losses in a trade is certainly normal and should be made in this lesson so that we are always objective in observing and analyzing the market so that the loss does not happen again in the future

Loses cant really be avoided even on the future but somehow can be reduced if we do already learned from our past mistakes because lose makes us learn everytime we do such thing and mold us to be a better trader or good to a certain thing when do time pass us by.It may be frustrating at first since we don't really like to lose up money but we should really treat it as a stepping stone.

There is an idiom I really don’t remember the exact wordings but its meaning is like that loss in life is good for the success. If you drown you will fight for to get up again. The real charm of life is to Get up and fight back for you to get up. The only thing that you have to do is to remember your mistakes and learn from it so that you never face such situation in life again.

Diced90

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In case i have a bad trade and make a loss , i just leave everything am doing to make try and reflect why i bad a bad choice and tell myself this will happen again. If the loss is unbearable i just stop everything am doing and sleep over it.

death69

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Nothing much. I usually take a sleep and then I wake up and think that there was nothing happening last night and continue to focus to what I need to do in a new day. Everyday is a new start Wink

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Quote from: Kousei23 on May 12, 2017, 12:26:30 PM

Quote from: Rufsilf on May 12, 2017, 11:58:27 AM

If i will get a loss in the future i will just be calm and not that angry person because of loss and instead on focusing on the loss, i will just focus on how i can recover the loss and also gain positive results.

At first, I will get mad and at the same time sad because I lose some of my money. Many people will do the same because of their loose. Yet I always think and put in my mind that nothing will happen if I stay on one side and cry for my lose. I always put in my mind that I must overcome my attitude when getting lose. I mst focus on the new strategy that I will use in order to get my lose and earn an extra earnings.

You must overcome your feelings when getting lose. It is normal for a person to be sad and angry when getting lose but it is not normal if their attitude is overcoming them. Nothing will happen if your angryness rule you. You must focus on the new strategy that you will work on in able to get back your earnings and capital. You must be aware on your mistakes that cause you to lose some money.

Kousei23

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Quote from: Rufsilf on May 12, 2017, 11:58:27 AM

If i will get a loss in the future i will just be calm and not that angry person because of loss and instead on focusing on the loss, i will just focus on how i can recover the loss and also gain positive results.

At first, I will get mad and at the same time sad because I lose some of my money. Many people will do the same because of their loose. Yet I always think and put in my mind that nothing will happen if I stay on one side and cry for my lose. I always put in my mind that I must overcome my attitude when getting lose. I mst focus on the new strategy that I will use in order to get my lose and earn an extra earnings.

Be Like Bro

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Never mind and start focusing more on the speculation and market ups & downs.

Rufsilf

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If i will get a loss in the future i will just be calm and not that angry person because of loss and instead on focusing on the loss, i will just focus on how i can recover the loss and also gain positive results.

Kemarit

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Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

LOL. I didn't vomit on my first big lost waking up in the morning. I only got frustrated but I realized that the more I got frustrated, the more I loss my concentration in trading. That's why I try to stay cool most of the time, but simply taking a walk around the neighborhood and coming back with more vigor not to make the same mistakes again. I'm not a person that easily gave up, so any disappointed and frustration that comes along I will take it, but rest assured that I will try to avoid if it the circumstances presents itself again.

Sled

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Quote from: Dangolbery on May 11, 2017, 04:54:53 PM

I usually wait. I do a lot of high leverage trading though so if it moves to wrong too much I lose everything. I tend to try and earn my money back quickly and I take on greater risks. Not a good thing.

You already know that your move is not a good thing but why you are keep doing it? I think it is best if you just wait and do some trades on other kind of coins so if you get a loss from your first few coins then you can recover it thru trading other coins rather than taking a high risk that can lead you to a loss more often than trading.

Dangolbery

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I usually wait. I do a lot of high leverage trading though so if it moves to wrong too much I lose everything. I tend to try and earn my money back quickly and I take on greater risks. Not a good thing.

shield132

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Quote from: btcforall777 on May 11, 2017, 03:29:22 PM

Depends on how large the loss is and why you had the loss. If you get stopped out of a position and take a loss is different than waking up in the morning and realizing you lost a huge % of your bank roll. Especially when you were so sure about the trade. The first type should be no big deal. The later can result in profuse vomiting. If you have not vomited because of a loss on a trade before you have not completed your education yet. That would be your diploma!

Yes, you mentioned correctly but at the same time to my mind we have to be normally when we lose because personally when I lose, I am very, very sad, doesn't matter how much I lose and I try to train myself to avoid such feeling. BTW in trading you need to be balanced (quite) man eith good knowledge and to my mind such man will be successful in trading.

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