You will always make mistakes, so the only solution is using adequate position size no matter the size of your account.
If you want to actively trade, you're supposed to learn to protect yourself from your own mistakes first.
Topic: How do you deal with loss? - page 81. (Read 52306 times)
Even the most experienced investor is not insured against loss. We need to learn from mistakes and analyze our investments, and, of course, diversification of investments.
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.
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.
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.
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.
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?
In that case, there is nothing left to say instead just let it go and try to recover it in another day.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?
So, take the lesson and do not put all of your investment into one altcoins except for bitcoin which proven be profitable in the long term.
If my investment on altcoins seems could bounce back, I will wait. This case will be happen if the altcoin was famous and always fluctuate over time. Different with new altcoins, it may never rise up more than its ATH and we have to sell or wait for years, I prefer to wait.
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?
In that case, there is nothing left to say instead just let it go and try to recover it in another day.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?
So, take the lesson and do not put all of your investment into one altcoins except for bitcoin which proven be profitable in the long term.
If my investment on altcoins seems could bounce back, I will wait. This case will be happen if the altcoin was famous and always fluctuate over time. Different with new altcoins, it may never rise up more than its ATH and we have to sell or wait for years, I prefer to wait.
For me there is only one way to deal with that type of lose and that is to wait for the good time and if there is still fluctuations in the altcoin in which I have invested then I start to sell and buy continuously and remain active in that days so that to grab each and every opportunity.
Earning with fluctuations is better to earn and you have to start it from the beginning when the drop start as after when the drop reach to bottom then it becomes very hard to get the effective income from what we invested in a falling asset.
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 have do cut lost after see the trend of price is going down, i will never wait until the price going up again, because it is mean I will be losing more Money and never getting income from trading, 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?
usually before trade on exchangers i have made desicion how much taking losing money with cut lost because if we don't have rules cut lost in trading, it is like driving without brakes just wait for crash.
then it's very possible the price will be going back up again. I see always be like that in the market Exchange.
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?
It depends on your analysis of the market, risks and experience. If I buy and altcoin and it felling in price I will analysis the altcoin and see it has possibility of increasing in volume, if it has not then I will sell but if it has I will hold it. Experience has shown that after selling your coins out of panic the coin will start to increase in value and before you know you will see the coin became hot cake.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?
In this situation, we don't choose panic selling, because it will give us a big loss. Trading means it may be alt or any other coins we have to wait for some time to make a profit. Sometimes this type of issues we face in trading in that time we must have patience, don't be panic and take the wrong decision. After every price falling slowly, it will increase. So if I face this situation, i will hold my coins.
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.
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?
It depends on your analysis of the market, risks and experience. If I buy and altcoin and it felling in price I will analysis the altcoin and see it has possibility of increasing in volume, if it has not then I will sell but if it has I will hold it. Experience has shown that after selling your coins out of panic the coin will start to increase in value and before you know you will see the coin became hot cake. 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?
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.
Nice advice. Although I only trade small amounts and money that I can only afford to lost, so I'm pretty much on the OK-side of losing money. However, if big amounts is involved its hard to recover from it and others might resort of thinking of recouping what they lost in the previous days. Because if you try to do it, your emotions will get involved and you may not used technical analysis in buying or selling that might result in more lost in your end.
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.
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 have do cut lost after see the trend of price is going down, i will never wait until the price going up again, because it is mean I will be losing more Money and never getting income from trading, 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?
usually before trade on exchangers i have made desicion how much taking losing money with cut lost because if we don't have rules cut lost in trading, it is like driving without brakes just wait for crash.
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?
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?
Ofcourse I will wait for it because I work hard for it and I will not let that slipped just like that. But somehow if the situation is that investment will never get back. I will suffer and after a day I guess, I will move on and learn new strategies and study more in able to avoid that situation again. Many people nowadays suffered from that but they didn't stop. Just like me, they keep moving forward and thinking that it is part of the business.
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?
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 never experienced such big loss in trading but what if I put in that situation? Ofcourse I will became sad because of big loss but somehow I will not let the sadness overcome me and affect my trading. I will move on and try my luck to help me to get back to my spot. I will be more hardworker and I will be more careful in able to not get lose again a big amount of my money or bitcoin. That's all.
Ofcourse I suffered for a day because of big loss. Because that money that I am investing is a product of my hardwork and it will be gone in just a snap. But after that day I tell myself to get to move on and be aware of my experienced. I am more careful and very watch out of the people who I am trading or some sites I am investing. Today I didn't actually experieced it again. And I will not experience it again or in the future because I am more aware and intelligent in trading.
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?
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 never experienced such big loss in trading but what if I put in that situation? Ofcourse I will became sad because of big loss but somehow I will not let the sadness overcome me and affect my trading. I will move on and try my luck to help me to get back to my spot. I will be more hardworker and I will be more careful in able to not get lose again a big amount of my money or bitcoin. That's all.
Today for the first time in my life, I got involved in Bitcoin trading. Unfortunately, this time it ended in loss. I purchased LTC at BTC0.0110 per coin and then sold them at BTC0.0102. But it was a good learning experience.
It looks like you bought your coins at a fairly high price, and directly dumped them (possibly in panic) to prevent further losses. I don't see how you learned from something that you're not even 24 hours involved in. Trading is something that takes years to optimally understand, and then you'll still get surprised by the market. Just out of interest, since you consider this to be a good learning experience, what exactly have you learned?
Remember trading not always make profit, sometime you'll loss. so be smart trader. No need to get dishearten with trading on loss. Each loss should give the new courage to come back stronger in next trade.
Loss is something common that can be found everywhere. Not only with bitcoin, every commodity or stock gives loss based on our expectations. In my view loss happens when a trader don't sell when the price was good. Another thing is that trying to retain the loss on particular trade in a consecutive single trade. This results in big failure and loss than successful profiting. 
Loss is pretty much normal in the world of trading. You see, in trading it's always a "You win some, you lose some" kind of situation and it's not always a "win-win" situation most especially if money is involved. So I just move on and wait for that day I can profit. But you can minimize your losses though by researching about the coin you're trying to invest or you can study the charts if you're really good at it. Those are some things that will help you not to lose a lot of money if you want to invest in trading.
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