How do you deal with loss? - page 79.

Kevin77

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Quote from: BiTZeD on April 25, 2017, 07:57:57 AM

I wait to bounce back, whatever time it will take? Except some very rare cases of shitcoins, if you bought a great altcoin, it will bounce back. Whatever time it takes to me, even a few years, I will wait ! If you do not sell you do not lose money !

Yeah when it comes to altcoins trading I always trade with caution and I never go big because they are risky all the time, and they could go down at any moment so when I lose I won’t lose much, in trading you have to have an exit strategy that way you are able to minimize your losses and avoid losing all of your cap, and also diversifying helps a lot , that way losing in one coins may prove profitable in another that way you are able to cut your losses from the first one.

Quote from: 2double0 on April 26, 2017, 02:01:57 PM

I prefer waiting sometimes when the clouds seem to have a silver lining and during those times, I see my decisions turning true too

With bitcoin trading we can have this plan. But not for altcoin trading, because waiting might kill all your trading plans in the case of altcoin trading.

2double0

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Trading is different every time we do it. I prefer waiting sometimes when the clouds seem to have a silver lining and during those times, I see my decisions turning true too whilst the difference it makes while not wanting to wait and getting out with what we have on hands already is that, I see no profits in the future and feel that even those remaining millibits will be worth something huge one day seeing those busts in the price of bitcoins.

Kotone

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If you lose then find another way to bring them back ey. Loosing doesn't mean to stop us from what we are doing to earn it. SOmetimes we just lose to think more and more to become more critical thinkers and will be earn more than investment and from trading.

abhinav703

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Trading is a game of risk sometime you lose some time you win it. Learn from mistakes and see what you have done wrong and more ahead there's nothing you can do

Malsetid

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Well i think the first thing to remember here is to not take a loss too emotionally. Every loss adds upnto your experience and it definitwly will make you a better decision maker the next time you make a trade. The important thing is to take these losses as lessons and try to bounce back. You'll learn a lot more from losing than anything else so take everything positively

carlfebz2

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Quote from: maydna on April 26, 2017, 11:08:51 AM

Quote from: stadus on April 25, 2017, 08:44:08 PM

Quote from: BitcoinHunt3r on April 25, 2017, 10:13:15 AM

deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

Don't forget your mistakes, instead you have to learn from your mistakes. Taking a rest would be nice in order for you to analyze your mistakes and ensure that the next time you won't do the same mistakes again.

to learn from our mistakes is the best advice so we can fix what we are doing in the past and we can hope that it will not happen again in future. and if we can take the lesson with good, then our skills will be increase too and it help us to have more knowledge in trading and we can reach more profit in future. but its always a time before we can increase our skills and we can not rush to learn from our mistake, we need to do step by step and trying to understand what is our wrong so we can found how to fix it.

Mistakes or lose do really mold us on a better experienced traders later on and those loses are just like stepping stones on your success on doing trading because once you do commit mistakes you wont really let the thing happen into you maybe it cant be avoided to make mistakes but atleast you are committing it on minimal basis compared on the past which is a good indication that you are improving on your career.

maydna

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Quote from: stadus on April 25, 2017, 08:44:08 PM

Quote from: BitcoinHunt3r on April 25, 2017, 10:13:15 AM

deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

Don't forget your mistakes, instead you have to learn from your mistakes. Taking a rest would be nice in order for you to analyze your mistakes and ensure that the next time you won't do the same mistakes again.

to learn from our mistakes is the best advice so we can fix what we are doing in the past and we can hope that it will not happen again in future. and if we can take the lesson with good, then our skills will be increase too and it help us to have more knowledge in trading and we can reach more profit in future. but its always a time before we can increase our skills and we can not rush to learn from our mistake, we need to do step by step and trying to understand what is our wrong so we can found how to fix it.

AK47-

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Cry.

On serious note I try to analyze my mistakes. Never worry to much. Everyone encounter loss during their trading and investment period. That is called learning phase. You get to know many thing. The mantra is Stay calm and carry on.

akija

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Diversifying Your Investments Into different coin is one of the way to minimize the risk .

Before choosing a coin we can make some research . Thats the Only way .

But this step should be done before Investing .

Polar91

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Quote from: Vaskiy on April 25, 2017, 09:49:09 PM

Quote from: stadus on April 25, 2017, 08:44:08 PM

Quote from: BitcoinHunt3r on April 25, 2017, 10:13:15 AM

deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

Don't forget your mistakes, instead you have to learn from your mistakes. Taking a rest would be nice in order for you to analyze your mistakes and ensure that the next time you won't do the same mistakes again.

Both in trading and gambling giving a break is a must when you feel you're losing big. With gambling with strong hope of winning should never place big amount on experiencing consecutive losses. Same is with trading when you're not able to make profit give a break, because mistakes we do leads to loss.

Actually, actions when losing in gambling and trading shouldn't be same. If thou lose in gambling, you should stop and I agree. However, if thou must lose in trading, you shouldn't stop since you can recover it if you are determined. Trading isn't just a matter of luck but it is also a metter of patience, strategy, determination, and time.

Vaskiy

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Quote from: stadus on April 25, 2017, 08:44:08 PM

Quote from: BitcoinHunt3r on April 25, 2017, 10:13:15 AM

deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

Don't forget your mistakes, instead you have to learn from your mistakes. Taking a rest would be nice in order for you to analyze your mistakes and ensure that the next time you won't do the same mistakes again.

Both in trading and gambling giving a break is a must when you feel you're losing big. With gambling with strong hope of winning should never place big amount on experiencing consecutive losses. Same is with trading when you're not able to make profit give a break, because mistakes we do leads to loss.

stadus

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Quote from: BitcoinHunt3r on April 25, 2017, 10:13:15 AM

deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

Don't forget your mistakes, instead you have to learn from your mistakes. Taking a rest would be nice in order for you to analyze your mistakes and ensure that the next time you won't do the same mistakes again.

RealPhotoshoper

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Quote from: susila_bai on April 21, 2017, 01:31:05 AM

Quote from: RealPhotoshoper on April 21, 2017, 01:07:40 AM

Quote from: wuvdoll on April 19, 2017, 01:31:18 AM

Quote from: dustboy on April 17, 2017, 08:38:20 AM

When I get lost on trading, I wont really care about it very much as I have prepared for it before start trading. No need to think about it further and lets try to recover it with other tradings. Losing in trading should not be a nightmare as long as you are ready to lose, but if you think that you will always get profit on tradind then losing can be the worst nightmare you never seen before.

My personal advice must be, do not try to recover your losses in next day trading itself. When you are treating your losses not similar to nightmare, I believe you can go forward for another round of trading without worrying about recovering your losses.

As long as you are taking light your losses, you could concentrate on your further trading so that you could recover on the same day or in near future. When you will be worrying about your losses, you will accommodate more losses and nothing else.

If you did not try to chase your previous losses , then you seems have no plan in trading.
I mean to manage your bankroll and keep your status in profit while trading is important.
If you trade randomly without clear purpose , i don't think you will ended up happy.

What you are telling is not true , what he was meaning is that if you are going at the back to cover your loss in this process most of the time you will face more loss, so it is better that each day you start as fresh trading, in that way if you see in long term you will see that you are surely in loss. Just remind that which way you had loss so that next time you dont do same mistake next time.

It is soundslike you gonna wasting your time for something that uncertain to give you a profit.
A lot of people come to trade for profit , to get a steady income.
Just like any other real business , if you do start with zero whenever you get a lost , i am sure you are wasting time.

BitcoinHunt3r

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deal with it, take a rest until i really forget that i already did some mistake. i think that is better than jump again with head full of way to get my money back. i will end with loss again and i don't want that happen to me

alyssa85

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Quote from: BiTZeD on April 25, 2017, 07:57:57 AM

I wait to bounce back, whatever time it will take? Except some very rare cases of shitcoins, if you bought a great altcoin, it will bounce back. Whatever time it takes to me, even a few years, I will wait ! If you do not sell you do not lose money !

If you only trade coins which are available for margin lending on Poliniex (dash, doge, clams, eth, ltc and a few others), then if you are underwater, you can always lend your coins out, while you wait for the price to come back. That way you profit when you eventually sell, and you get a small profit from lending as well.

BiTZeD

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I wait to bounce back, whatever time it will take? Except some very rare cases of shitcoins, if you bought a great altcoin, it will bounce back. Whatever time it takes to me, even a few years, I will wait ! If you do not sell you do not lose money !

achow102

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Quote from: jakelyson on April 24, 2017, 11:46:54 AM

I do not put too much money on altcoin that I do not think have potential to grow in the future. If ever I put something on a P&D altcoin, it is very minimal. This will allow me to put bitcoin in and wait for the next pump before I dump that coin. So far, this strategy is working for me.

For this coin, I do not see any prospects in the future. Can only be used for short-term investments.

Strongkored

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You will feel greatly deprived when using large capital and that's why never buy an existing altcoin does not understand the progress of the project, and when this happens it is better to sell the existing ones even though it suffers huge losses, so you need to learn about the mistake and trading is give you not only profit but also loss.

Phyton76

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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 always wait as my coins gets devalued. However, in order to prevent that mistakes, I'm always making sure of everything. It's better to wait good/bad news rather than waiting too lonf to recover you loss/mistakes.

Botnake

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Quote from: Clement Kaliyar on April 24, 2017, 06:37:24 PM

Quote from: jakelyson on April 24, 2017, 11:46:54 AM

I do not put too much money on altcoin that I do not think have potential to grow in the future. If ever I put something on a P&D altcoin, it is very minimal. This will allow me to put bitcoin in and wait for the next pump before I dump that coin. So far, this strategy is working for me.

It is always good to do arbitrage trade but certain times the transaction delays will hurt your profits.First and foremost thing you have to notice while trading is the volume of the coin,i did make some mistakes in the beginning and i was a bad holder and with experience i learned how to trade and make money,i did hold those coins for a longer time and sold off at a loss knowing that the price wont increase again.

Sometimes we will make that bad decision to sell even we are losing, the game in alts is really different as good
coins now could be a shit coins in the future. All you have to do is to properly monitor so you can go out early when something bad happen.

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