Topic: How do you handle losses in trading? - page 5. (Read 1296 times)
You just have to take every loss as a lesson you get back up and try again. You shouldnt let it get to you thats what i have seen about trading if you start drooling about that one loss you might even get to loose more
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I thought those who trade and does investment are always prepared mentally to make losses. I mean, its not like those people always make profits. Obviously, there has been a time where they made losses and are now used to it and knows how to "handle" everything.Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I would say, try to keep a positive mental attitude. Its going to help you a lot during cases like this.
All people who do jumped into investment arent 100% fully aware on the risk of losing thats why some of them are shocked on what they do experience
and directly wont able to come back after that one.The goal here is to lessen the risk as minimal as possible, we cant totally eliminate it but with
proper trading skills and emotion handling we can really do it right.
When losing continuously, we should stop. Sometimes the market doesn't follow your plan so stopping is the best option. In fact, trading is like playing cards. There will be days when you keep winning and there will be days when you keep losing. It is important that you know where the stops are. I have an advice for you, when your account lost more than 10% of your account, you should stop and take a short rest. because at that time you were unlucky and your trading strategy was not effective at that time. Come back when you feel good.
Being aware of youe emotions and knowing when to stop is something else entirely.
Not everyone knows this.
Taking a break is one of the best things we can do after losing too much! It's the same thing when you lose in gambling, sometimes it's better to stand up and do something else for a while, when you chill and cool your head you can continue! It's the best, but many times I get in fire after losing a lot, and I am ready to deposit again and try more aggressive approach, that is pure gambling, you can recover and make a profit or you can lose one more deposit!
What you do after losing depends on how cool you can be after that. I often get in the fire, it's excitement and it's what I like actually, when things get hot and you can win or lose a lot. Don't get me wrong, it's one of the reasons why I like to trade and gamble! Without it there's no fun!
What you do after losing depends on how cool you can be after that. I often get in the fire, it's excitement and it's what I like actually, when things get hot and you can win or lose a lot. Don't get me wrong, it's one of the reasons why I like to trade and gamble! Without it there's no fun!
I remembered back then, i really never wanted to take a breaak from the market cos i was so addicted.
Try to recover them but tracing back your steps and you will find where you did the mistake.
If you can learn the mistake and what caused it, you could learn how to not do it again and that is more important than profit sometimes. That is why I have always said to people that learn how to trade by losing, because losing is the best teacher you could ever have in trading world, when you lose you find out a method that doesn't work, you will eventually find the best way for you (there are many ways) and become a good trader.
Without losing, if you only win, eventually you will come across a lose that will wipe out all the wins and that will hurt you more, but if you lose beforehand when its small, you will learn how to win and grow bigger without interruption (at least not too much).
If you can learn the mistake and what caused it, you could learn how to not do it again and that is more important than profit sometimes. That is why I have always said to people that learn how to trade by losing, because losing is the best teacher you could ever have in trading world, when you lose you find out a method that doesn't work, you will eventually find the best way for you (there are many ways) and become a good trader.
Without losing, if you only win, eventually you will come across a lose that will wipe out all the wins and that will hurt you more, but if you lose beforehand when its small, you will learn how to win and grow bigger without interruption (at least not too much).
More the reason why i never regret accounts i blew; they all came with a lesson.
I thought those who trade and does investment are always prepared mentally to make losses. I mean, its not like those people always make profits. Obviously, there has been a time where they made losses and are now used to it and knows how to "handle" everything.
I would say, try to keep a positive mental attitude. Its going to help you a lot during cases like this.
I would say, try to keep a positive mental attitude. Its going to help you a lot during cases like this.
Definitely no one wants to take losses. We all come into the market with the mindset of making huge profits.
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I thought those who trade and does investment are always prepared mentally to make losses. I mean, its not like those people always make profits. Obviously, there has been a time where they made losses and are now used to it and knows how to "handle" everything.Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I would say, try to keep a positive mental attitude. Its going to help you a lot during cases like this.
Try to recover them but tracing back your steps and you will find where you did the mistake.
If you can learn the mistake and what caused it, you could learn how to not do it again and that is more important than profit sometimes. That is why I have always said to people that learn how to trade by losing, because losing is the best teacher you could ever have in trading world, when you lose you find out a method that doesn't work, you will eventually find the best way for you (there are many ways) and become a good trader.
Without losing, if you only win, eventually you will come across a lose that will wipe out all the wins and that will hurt you more, but if you lose beforehand when its small, you will learn how to win and grow bigger without interruption (at least not too much).
If you can learn the mistake and what caused it, you could learn how to not do it again and that is more important than profit sometimes. That is why I have always said to people that learn how to trade by losing, because losing is the best teacher you could ever have in trading world, when you lose you find out a method that doesn't work, you will eventually find the best way for you (there are many ways) and become a good trader.
Without losing, if you only win, eventually you will come across a lose that will wipe out all the wins and that will hurt you more, but if you lose beforehand when its small, you will learn how to win and grow bigger without interruption (at least not too much).
snip
When losing continuously, we should stop. Sometimes the market doesn't follow your plan so stopping is the best option. In fact, trading is like playing cards. There will be days when you keep winning and there will be days when you keep losing. It is important that you know where the stops are. I have an advice for you, when your account lost more than 10% of your account, you should stop and take a short rest. because at that time you were unlucky and your trading strategy was not effective at that time. Come back when you feel good.
Taking a break is one of the best things we can do after losing too much! It's the same thing when you lose in gambling, sometimes it's better to stand up and do something else for a while, when you chill and cool your head you can continue! It's the best, but many times I get in fire after losing a lot, and I am ready to deposit again and try more aggressive approach, that is pure gambling, you can recover and make a profit or you can lose one more deposit!
What you do after losing depends on how cool you can be after that. I often get in the fire, it's excitement and it's what I like actually, when things get hot and you can win or lose a lot. Don't get me wrong, it's one of the reasons why I like to trade and gamble! Without it there's no fun!
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
When losing continuously, we should stop. Sometimes the market doesn't follow your plan so stopping is the best option. In fact, trading is like playing cards. There will be days when you keep winning and there will be days when you keep losing. It is important that you know where the stops are. I have an advice for you, when your account lost more than 10% of your account, you should stop and take a short rest. because at that time you were unlucky and your trading strategy was not effective at that time. Come back when you feel good. Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I take them calmly, because I understand that this is an integral part of trade.
Being calm and patient in trading will help you to go through in it particularly with all the losses you commit. We should always understand that trading is a win some and lose some scenario and that we should not expect profits most of the time or else we will end up being depressed. Having this mindset will help you handle your losses without much effort to do. What I do whenever I lose in trading?
I give space to myself because if you can notice, there is a psycological urge of wanting to recover that lose immediately which definitely leads to more of losing in trades.
I am taking my time to reflect and figure out how did I made mistakes and what was wrong with my entries or strategies. Having a good and optimistic mind even if you have losses consecutively will definitrly help traders to start again and recover.
I give space to myself because if you can notice, there is a psycological urge of wanting to recover that lose immediately which definitely leads to more of losing in trades.
I am taking my time to reflect and figure out how did I made mistakes and what was wrong with my entries or strategies. Having a good and optimistic mind even if you have losses consecutively will definitrly help traders to start again and recover.
The space is necessary to avoid that urge.
It is another thing entirely to know when to give yourself space.
I do a short term trading in order to gain even a little but sometime we can't avoid that price go down drastically because we know market is volatile. If that happen i stay calm and hold tight my coins and not selling it in a deep to avoid losses instead i will wait patiently that the price go up again. But nobody knows when the market recover that brings the value to grow.That's why in trading you should have more patience,calmness, and positive mind so that you can handle your losses.
Patience and calmness is a virtue in trading
When I experience loss in trading, depending on the situation I night decide to stop immediately or give it a second try, and when things are not working I will quickly stop trading and leave it for another time. It is not good to keep making revenge trades to recover what you have lost, you might end up losing extra money and make any profit that day.
So, I just leave it for another time when my mind is calm, then I will be able to have more focus to trade in a better way and mood. And we need to start accepting responsibility for our loss and stop looking for who or what to blame it on, because at the end it still wouldn’t make any sense. But, we must work on not repeating the same mistake only that can help us to be grooming like a professional traders.
So, I just leave it for another time when my mind is calm, then I will be able to have more focus to trade in a better way and mood. And we need to start accepting responsibility for our loss and stop looking for who or what to blame it on, because at the end it still wouldn’t make any sense. But, we must work on not repeating the same mistake only that can help us to be grooming like a professional traders.
Accepting responsibility for your loss is quite important. The market is never at fault for your loss; afterall, some people profited from that same trade
Somehow, I think they only think about how they can make a big profit in the short term without thinking about how they can find the right coin that can help them to make a profit. The new people in trading are lack information on how to analyze every potential coin at the market so that can make them lose any time.
All new traders need to think risk wise.
At time, i believe losses are even more important than the profits; in as much as the profit is the major goal
~snip
Every new trader is sold the dream of trading.
No new trader ever considers loss. All they do is a calculation of what their compounded account will be in months without factoring in LOSS!
Somehow, I think they only think about how they can make a big profit in the short term without thinking about how they can find the right coin that can help them to make a profit. The new people in trading are lack information on how to analyze every potential coin at the market so that can make them lose any time.
when we have lost, and lost assets, it will be difficult to recover, because sometimes the incident is always unthinkable. however, it takes a long time to recover. in my experience, it's only a matter of time until the psychology returns, but if they are ready to lose, I don't think it will take longer.
Sometimes, we need a long time to calm ourselves down to accept the loss because I have those experience. But now, I guess I can handle myself from the loss if somehow, I make that loss. With so many lessons we got in trading, that can give us time to be wise to manage every problem that we face. I think that can happen too with the new people because they will get more and more experience to make them grow and improve their skills or themselves.
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
When I experience loss in trading, depending on the situation I night decide to stop immediately or give it a second try, and when things are not working I will quickly stop trading and leave it for another time. It is not good to keep making revenge trades to recover what you have lost, you might end up losing extra money and make any profit that day.Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
So, I just leave it for another time when my mind is calm, then I will be able to have more focus to trade in a better way and mood. And we need to start accepting responsibility for our loss and stop looking for who or what to blame it on, because at the end it still wouldn’t make any sense. But, we must work on not repeating the same mistake only that can help us to be grooming like a professional traders.
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
I do a short term trading in order to gain even a little but sometime we can't avoid that price go down drastically because we know market is volatile. If that happen i stay calm and hold tight my coins and not selling it in a deep to avoid losses instead i will wait patiently that the price go up again. But nobody knows when the market recover that brings the value to grow.That's why in trading you should have more patience,calmness, and positive mind so that you can handle your losses. Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
when we have lost, and lost assets, it will be difficult to recover, because sometimes the incident is always unthinkable. however, it takes a long time to recover. in my experience, it's only a matter of time until the psychology returns, but if they are ready to lose, I don't think it will take longer.
What I do whenever I lose in trading?
I give space to myself because if you can notice, there is a psycological urge of wanting to recover that lose immediately which definitely leads to more of losing in trades.
I am taking my time to reflect and figure out how did I made mistakes and what was wrong with my entries or strategies. Having a good and optimistic mind even if you have losses consecutively will definitrly help traders to start again and recover.
I give space to myself because if you can notice, there is a psycological urge of wanting to recover that lose immediately which definitely leads to more of losing in trades.
I am taking my time to reflect and figure out how did I made mistakes and what was wrong with my entries or strategies. Having a good and optimistic mind even if you have losses consecutively will definitrly help traders to start again and recover.
Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
Learn from it! This is what im doing when im still starting where i do set out into my mind that if i do lost then go back and realize or analyze into things which comes wrong which do result into a loss.Everything would really
have a corresponding reason thats why you do need to learn so that in next encounter you are already aware on the move or step you would make.Just dont give up easily because things cant really be attained on a short
span of time.Lose is always been part since there are only two outcomes which is winning and losing thats why you should let yourself to continue to learn and never ever stop on doing that and the time comes that you
would see yourself that you had improved that much.
It is a pressure thing, if you manage to deal with crypto in levels that doesn't matter to you directly and right away, you will not mind losing money at all, if you deal with crypto with all of your money, you are going to be feeling horrible. I personally put money into bitcoin that I can forget, have I never withdraw at a loss?
Of course I have, but that doesn't mean that I will stop doing what I do which is having enough money to live my regular life, have let's say 200 fiat (whatever fiat you use) ending up excess and put 100 of it somewhere like a bank that we all know would be probably fine, and put the other 100 on bitcoin. This way I have 2 layers before I get to bitcoin and that is why if I end up losing on trading it is not really that big of a deal for me at all.
Of course I have, but that doesn't mean that I will stop doing what I do which is having enough money to live my regular life, have let's say 200 fiat (whatever fiat you use) ending up excess and put 100 of it somewhere like a bank that we all know would be probably fine, and put the other 100 on bitcoin. This way I have 2 layers before I get to bitcoin and that is why if I end up losing on trading it is not really that big of a deal for me at all.
Having a loss in trading is something that must be faced by all traders, so it must be mentally prepared when starting trading. The best way
to deal with losses is by using the stop loss feature, making repairs for any mistakes, using capital gradually and do your research before
starting trading. If the method I mentioned was successfully realized, then I'm sure the amount of loss experienced gradually decreases.
It can even rarely experience losses.
to deal with losses is by using the stop loss feature, making repairs for any mistakes, using capital gradually and do your research before
starting trading. If the method I mentioned was successfully realized, then I'm sure the amount of loss experienced gradually decreases.
It can even rarely experience losses.
If only traders allow it perform its function.
Losses are what a trader can not wish away because it must come but how to handle it is different from person to person. But for us to be happy when we lose is to reduce our risk. If your risk is reduced, you can accept any loss that comes in your trade. I just let go my loss if it comes.
If you cool with the amount you risk, you good to go!
When I made mistakes or when I lose big amount of money in trading, I make losing very painful. What do I mean by that? I simply embrace the mistakes that I did, I fully understand why I lose and it is because of my lack of planning and also there are things that I do not yet know and I need to learn it. There are many people who not giving time to their loses, losing is part of trading so expect that there are really times that we can lose our money.
There are psychological effect if we will not handle our losses very well, we also make sure that we should journal every our trade for us to avoid the mistakes that we can make again. Backtesting is also important and traders should be aware of it because it is one of the trait of advanced trader who practicing by reviewing the recent and past price action of different kind of charts.
We can become a strong trader if we can fully embrace our losses in trading, we should treat the losses as opportunity to grow. We can become a trader where we can avoid major losses and maximize our returns if we will find the lessons that we can get from our losing trades.
There are psychological effect if we will not handle our losses very well, we also make sure that we should journal every our trade for us to avoid the mistakes that we can make again. Backtesting is also important and traders should be aware of it because it is one of the trait of advanced trader who practicing by reviewing the recent and past price action of different kind of charts.
We can become a strong trader if we can fully embrace our losses in trading, we should treat the losses as opportunity to grow. We can become a trader where we can avoid major losses and maximize our returns if we will find the lessons that we can get from our losing trades.
Losses are the medium via which we grow as traders; only if we look back at them.
This question has been asked many times, but then I understand coz you are a beginner.
You should also search for similar threads like this if you really wanna know.
You should also search for similar threads like this if you really wanna know.
Oh! Wasn't aware.
Just asked this question to seek individual techniques of how they handle losses. These piece of information can be beneficial to anyone; even a pro!
PS: I am not a beginner.
This question has been asked many times, but then I understand coz you are a beginner.
You should also search for similar threads like this if you really wanna know.
You should also search for similar threads like this if you really wanna know.
I had set some rules before trading so I know how much I can loose it or have capacity. Also I have a stop loss always set so that even it triggers it is a limited loss . In trading , one always can’t make money and you will incur losses as well and should be ready for it .
Knowing your trading limit is enough to contain the risk in trading, it will help you to stop the losses or having enough profit. We all trader have lost somehow coz the market is blinding with high volatility, thus that will help you understand how the market really works, uncertain but you can work your instinct most of the time. Aside there are many trading strategy to cope up with your loss easily like martingale system, you can search what this trading style OP
When I made mistakes or when I lose big amount of money in trading, I make losing very painful. What do I mean by that? I simply embrace the mistakes that I did, I fully understand why I lose and it is because of my lack of planning and also there are things that I do not yet know and I need to learn it. There are many people who not giving time to their loses, losing is part of trading so expect that there are really times that we can lose our money.
There are psychological effect if we will not handle our losses very well, we also make sure that we should journal every our trade for us to avoid the mistakes that we can make again. Backtesting is also important and traders should be aware of it because it is one of the trait of advanced trader who practicing by reviewing the recent and past price action of different kind of charts.
We can become a strong trader if we can fully embrace our losses in trading, we should treat the losses as opportunity to grow. We can become a trader where we can avoid major losses and maximize our returns if we will find the lessons that we can get from our losing trades.
There are psychological effect if we will not handle our losses very well, we also make sure that we should journal every our trade for us to avoid the mistakes that we can make again. Backtesting is also important and traders should be aware of it because it is one of the trait of advanced trader who practicing by reviewing the recent and past price action of different kind of charts.
We can become a strong trader if we can fully embrace our losses in trading, we should treat the losses as opportunity to grow. We can become a trader where we can avoid major losses and maximize our returns if we will find the lessons that we can get from our losing trades.
Losses are what a trader can not wish away because it must come but how to handle it is different from person to person. But for us to be happy when we lose is to reduce our risk. If your risk is reduced, you can accept any loss that comes in your trade. I just let go my loss if it comes.
Jump to: