Topic: How do you deal with loss? - page 84. (Read 52306 times)
I trade with care. First of all, I have my own limits of selling on negative sides. What I mean is I already know when I have stop the loss if my trade is going down the line. Then only I start trading in first place. With bitcoin I keep different set of rules where loss limit is higher than other trading platforms. Bitcoin is assurance that you will get good profits over the time. So for bitcoins I wait little more and if I think it is not going to be up than the current situation then I will stop the trade. Sometimes I invest double to overcome my loss. But this option is too risky as you might loose double investment. But if you get profit then obviously you get more out of it. So it is really a personal perspective when to trade and how to trade.
Firstly invest only in what you understand and do not invest or gamble where you dont.
Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
That are the precautions that should be taken while investing but how we deal with a loss is something else. Usually what I do after a significant loss is that I just start investing/trading more carefully and I do small amounts. Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
Furthermore, I make a goal in my sight and that is equal to the loss I gave and the first motive is to earn that much before proceeding further.
Firstly invest only in what you understand and do not invest or gamble where you dont.
Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
That are the precautions that should be taken while investing but how we deal with a loss is something else. Usually what I do after a significant loss is that I just start investing/trading more carefully and I do small amounts. Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
Furthermore, I make a goal in my sight and that is equal to the loss I gave and the first motive is to earn that much before proceeding further.
In trading it is always advisable to use a stop loss in trading to reduce the risk involved, it is also advisable to trade with the amount of money you can afford to lose. I.e Do not carry all your eggs in one basket. And always look for profitable trade with a high risk to reward ratio I.e 1:3.
That's good advice. I would also say that how you deal with it is not really a question that can be answered in one sentence. It really depends on what you were trading and how that currency is going. If it were altcoin or something you can just wait for the currency to rise back to where it was again because there is a pretty good chance that it will. For other currencies or coins like dogecoins or something no one has hardly heard of you may have to just cut your losses because the coin may have just defaulted.
I do deal by accepting them and thinking my way on how to recuperate the damage done by the wrong decision I made. Aside from that I always make myself learned from my mistakes. I also do not act without thinking since it would cost me more if I become too emotional and go on with my emotion. I always make sure that I am in a rational state before making decision about that loses.
I agree that accepting and thinking about the wrong decisions or mistakes is a good move to deal with the loss and the most important is to make it as a lesson for your next trades because good decisions are came from experience and experience are came from the wrong decision so if you will always think that mistakes are just lessons in disguise then you will be able to control your emotion and trade better than before.
However, before we enter the market and make decision to start trading we are all know what is profit and what is the risk. If we can accept the profit that we will made, then the risk is should be accept too. Know the risk is mean, we have to learn anything about what factors that can make us profit or loss, don't just think about the profit you can make.
If we had learned about that condition, I am sure we can accept our loss as easy as we take the profit home.
If we had learned about that condition, I am sure we can accept our loss as easy as we take the profit home.
I do deal by accepting them and thinking my way on how to recuperate the damage done by the wrong decision I made. Aside from that I always make myself learned from my mistakes. I also do not act without thinking since it would cost me more if I become too emotional and go on with my emotion. I always make sure that I am in a rational state before making decision about that loses.
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?
accept the facr that yoy lose on that part. But that doesnt mean you are quiting. You need to look for a better method of earning from trading because thats actually the life of bitcoin. You will win sometimes or lose sometimes. Thats how it goes.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?
Honestly this is not happen to me to deal with loses. because i am just following in bitcoin trends.. if i heard a news here in forum and other website. i am alert to sell some of my bitcoins.. for safety purposes and getting the benefits of price increase.
You need to deal with every possible loss because you're a human being. Loss or profit... Both are quite possible in trading. But, one thing that came to my mind is you said losing all bitcoins you invested in. Always try to keep yourself away from these kind of investments. The investment that you can löse your all should be exremely risky!
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?
accept the facr that yoy lose on that part. But that doesnt mean you are quiting. You need to look for a better method of earning from trading because thats actually the life of bitcoin. You will win sometimes or lose sometimes. Thats how it goes.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?
You cannot let emotions in to the game, and if you will then you might execute the order in the bad timing.
That is why it is very important to always set up the stop loss- for example doing long btc/usd at 1150$ and stop loss on 1050$ to save the money in case of drop.
I never hesitate to close my order while the price action of the market tell me that it is not worth it to hold funds more.
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?
accept the facr that yoy lose on that part. But that doesnt mean you are quiting. You need to look for a better method of earning from trading because thats actually the life of bitcoin. You will win sometimes or lose sometimes. Thats how it goes.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 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?
accept the fact that you lose on that part. But that doesnt mean you are quiting. You need to look for a better method of earning from trading because thats actually the life of bitcoin. You will win sometimes or lose sometimes. Thats how it goes. 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 trading it is always advisable to use a stop loss in trading to reduce the risk involved, it is also advisable to trade with the amount of money you can afford to lose. I.e Do not carry all your eggs in one basket. And always look for profitable trade with a high risk to reward ratio I.e 1:3.
Firstly invest only in what you understand and do not invest or gamble where you dont.
Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
Secondly do not put all your eggs in one basket. diversify it.
Thirdly invest small amount which you are okay if it is invested for a long time or do not get much return or may turn up in a loss.
Do not invest all your eggs in one basket is a golden rule and it applies on all. If you are trading, do not buy a single coin alone, if your gambling, do not make single big bet and if you are investing then invest in different sites rather than only one. This way if you lose from one program, you still have other programs to cover up your loss. This is the technique which i am using and i am successful so far.
Tomorrow will be better is my motto. That`s how I deal with loses generally, because I lose in gambling also. It`s very difficult to handle yourself after big losses in anything, because we start to push more and we lose focus and primary strategy.
I said it before, not just after losing its hard to stay on the ground even after big win, because in most cases I rise bets and lose every big prize because I wanted more. Thats why they said that in gambling in treading you need to have clear and cool head, losing and winning can blur our visions.
I said it before, not just after losing its hard to stay on the ground even after big win, because in most cases I rise bets and lose every big prize because I wanted more. Thats why they said that in gambling in treading you need to have clear and cool head, losing and winning can blur our visions.
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 treat normally when I got lose in gambling or even in trading because for me it is part of the game. And when you dont lose everybody will think that you cheat or making some unbelievable things. Loosing is just part of a game, you need to deal with it and learn to accept loosing rather than being bashed by others. Don't let yourself overcome by greed.
Accept when your loosing and think that someday you will win and get back all of your lose money. losing money is always a part of the deal. you can't always predict the unpredictable. for example you invest in an altcoin and bitcoin price goes up to $1250 and makes the altcoin market crash hard like today and you lose money.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
You should always have a strategy when it comes to trading, it's not gambling where you have to choose something and put your money on it and wait for luck to do something. You should know and understand the system and always be prepared for every possible situation. I have lost some in trading but I have gained much more. Just stick to your plans and know your limits.
Simple strategy to follow while you involved in trading, simply buy the bitcoin in huge number when the price is low and sell it little whenever it's price is little high or somewhere. If you put your investment in the trading, I could say you are in much safer investment on bitcoins. We just need to wait correct time sell out the btc for high price when you compare with the bought price.
losing money is always a part of the deal. you can't always predict the unpredictable. for example you invest in an altcoin and bitcoin price goes up to $1250 and makes the altcoin market crash hard like today and you lose money.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
You should always have a strategy when it comes to trading, it's not gambling where you have to choose something and put your money on it and wait for luck to do something. You should know and understand the system and always be prepared for every possible situation. I have lost some in trading but I have gained much more. Just stick to your plans and know your limits.
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?
This happen to me when buy altcoin that's the developer didn't develope their project again if you face this situation better to sell even you get big loss, but if the developer still develope their project wait and see for a week or month and you can make decision.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 think its good option for us to sell the coins even we are in loss but if before we buy the coins, we analyze first and we can see something that might be can help us to make profit, then i think we don't have to deal with loss. my suggestion is better to do trade at least with a coins like 50 top coins that listed in coinmarketcap so we don't have to worried with the dev.
Trading with top 10 coins would be an better option instead of going for top 50 coins as there is a possibility that some of coins may disappear in future but if you trade with top 10 then there is no risk of loosing money in long run as they will surely not disappear.
in my opinion, if top 10 can not give us possibility to make profit, then i will search in top 50, i am sure that the option is more big for us to found several coins that can help us to make profit. but if you stick with top 10 then its fine, i think every trader will have their option but the main purpose is the same which is to search big profit, right?
losing money is always a part of the deal. you can't always predict the unpredictable. for example you invest in an altcoin and bitcoin price goes up to $1250 and makes the altcoin market crash hard like today and you lose money.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
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