How many consecutive looses can you handle in trading?

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

If you're making ANY losses in trading then by my standards, you definitely are doing the wrong kind of trading. At that point I would not call whatever you are doing trading but rather gambling. If you make a bad trade, the last thing you want to do is fomo sell/buy and flip flop around until your money is completely gone. If I make a bad trade, I hodl that and use other money to keep trading. At some point, you will be able to sell your hodl for a profit.

palle11

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Quote from: Sanitough on January 04, 2022, 06:36:23 PM

Quote from: qory on January 03, 2022, 10:42:01 PM

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

It takes extra ordinary courage to continue trading when you are making consistent losses , this can demoralize you and bring you into depression but in such situation trying to focus on the losses won't help but to look at the reason for losing then making a different system or strategy will be the best. Trying to get more knowledge and skill also help, I have read of stories of people who almost lost hope but they hung on and have lived past the losses now. Trading is about doing the right kinds of order and cutting short losses.

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Quote from: Sanitough on January 04, 2022, 06:36:23 PM

Quote from: qory on January 03, 2022, 10:42:01 PM

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

I agree, our strategy will depend on the market situation hence it is necessary to have more strategies to try and see what could be the most suited and effective to profit.

Sometimes losing is inevitable however there's always a way to minimize our chances to lose and that is by having a concrete plan and a strategy to execute.

Its not easy to become a trader. It takes a lot of guts and requires a long patience because we cant expect everything will go as planned.

Sanitough

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Quote from: qory on January 03, 2022, 10:42:01 PM

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

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Quote from: ReiMomo on January 02, 2022, 12:13:25 PM

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

There were time I say to myself I will just move on and let the day pass when I already lose on my trading, but most of the time I find ways to keep trading by shifting in other alts till I recover some of my losses. The market is too volatile that we will need to monitor as welll watch more potential coins chart thoroughly and see for ourselves whether we can earn from them.

Call it a day in short and dont force out on doing so if you do see that you are experiencing lossing trades on constant manner because we know that not all the days running would be a profitable one.

Even how good you are in trading or expert you would still have those kind of bad days thats why you should really be sensible on making such step.
Handle it out or else you woulc be fucked up on your trading capital.

Losing trades tolerance would really vary on each person because not all would really be that patient enough.

MIner1448

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As for me, here it is better to talk about the amounts, and not about the number of failed transactions, you can fail 10 transactions on small tori, or you can fail a large amount in one transaction, then after such transactions I am carried away to fiat and I do not go to the computer for a long time afterwards.

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

Well never think about this before, if I'm at a loss I can just hold all my coins and hope it will back to the same when I first bought it. Since I'm only trading top coins so I'm pretty confident that my coins will rebound, just wait when that happens. There's cut loss feature in some trading platforms that we can use to minimize our losses in trading

qory

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A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different strategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

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Quote from: dunfida on January 03, 2022, 05:40:39 PM

Quote from: Pamadar on January 02, 2022, 02:29:21 PM

Quote from: ReiMomo on January 02, 2022, 12:13:25 PM

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

You would really be needing that extreme patience when it comes to this not only on bear markets but also on making out profit taking conditions or situations thats why being versatile on certain conditions is a must.

Losing toleration would really vary on each person because not all would really be that patient in doing so thats why its personal preference on when they would be taking such action.

Losing is inevitable but you could possibly make it lessen if you do know on what you should gonna do even though its not perfect but could be handled out.

Losing in trading is always a part of the trader's life. But you can minimize or lessen such losses as you gain more knowledge or insights in this trading journey. The more years that you are in this market, the more tips that you can acquire and so it will assist you in your trading activities. I can't count my losses in trading and yet, I am still here. As you learn the market, you will prevent some possible big mistakes that you may possibly execute if you don't have those acquired knowledge or tips.

Slow death

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if I were to make an estimate? I would say that I've lost more than 4000 times, yes I've lost many, many times for years, of course I didn't give up even continuing to lose, making trades is not easy. the person can take a course, the person can watch videos on youtube, but until you reach the level of creating your own strategy it takes years to lose

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Quote from: Pamadar on January 02, 2022, 02:29:21 PM

Quote from: ReiMomo on January 02, 2022, 12:13:25 PM

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

You would really be needing that extreme patience when it comes to this not only on bear markets but also on making out profit taking conditions or situations thats why being versatile on certain conditions is a must.

Losing toleration would really vary on each person because not all would really be that patient in doing so thats why its personal preference on when they would be taking such action.

Losing is inevitable but you could possibly make it lessen if you do know on what you should gonna do even though its not perfect but could be handled out.

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Quote from: Pamadar on January 02, 2022, 02:29:21 PM

Quote from: ReiMomo on January 02, 2022, 12:13:25 PM

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

Exactly, the more confidence we have the more eager to learn more. In fact, losses are not totally a bad experience that we tend to worry about, but to consider this as a weapon for us to find ways to make our trade, strategies become better. It is something like a mirror of what we currently doing and obviously we need to change it, otherwise.
However, to say like losing 5 times in consecutive losses, I guess it wasn't healthy anymore. I mean, that was the sign for me/us not to continue anymore as very likely that we did nothing or even there is but it is not totally effective. I guess it is a need to rest.

Alisha-k

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The strategies used in trading is a very strong determinant to how much profits you make it or better still how much lose you run at also, but it's so sad that this are the little things people fail to pay attention to. If they're failing in their trading, the ignorantly think the market is bad generally.

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Quote from: topbitcoin on August 18, 2021, 06:54:19 AM

Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

I think until all my money is gone i will stop doing trading. But i rarely do future trading so maybe i still can hold coins that i already bought. Because in future, big chance if we can get liquidated and it can made all our capital in future balance gone. But in spot, as long we not sell our coins, we still have chance and only need to hold our coins for better price.

My own way or method of trading is similar to yours, the reason is that, I use to try my own trading strategy with live account though with a small amount of fund, I don't subscribe to demo trading , once my money is gone, I will ensured I check where my mistakes occurred with possible amendment in my future trading, though I had already set my target once I started live trading with huge account, I set 4 consecutive losses as my minimum target once I incurred the losses I will quit trading for a while before coming back.

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Quote from: ReiMomo on January 02, 2022, 12:13:25 PM

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

ReiMomo

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I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

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Quote from: Rruchi man on August 16, 2021, 03:31:41 PM

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

for me it only took 2 or 3 days. if I experience consecutive losses I will stop trading for a few days and forget everything and then start again, in my opinion when I experience consecutive losses it is not my trading strategy that is wrong but my own emotions that I can't control because greed wants to take more profits to cause mistakes then cost me. for me the best way to deal with it is to stop trading for a few days and forget everything before starting again.

sumant

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I don't think too many consecutive losses will happen in trading sometime by chance a trade will will definitely will go up. After all if I faced many losses then I will going to quit trading because of money or my understanding about trading. As personal I don't earn much money from trading but I love social media hardcore bounty this given me good money through promotion or airdrops.

Benefactor

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Basically anything I believe isn't a breakout from an over the top ascent in volume or too little obstruction, I typically accept that it's me that is off-base. There is a period that not your procedure is the reason for your misfortunes yet once in a while is because of our feelings and wrong choice.

stomachgrowls

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Depends on the size of the trade loss. There may be several small transactions, or maybe one, but for a large amount. Depends on conditions.

Several small transactions or in one trade then it doesnt matter because lose tolerance on each individual would really vary on personal judgement or preference whether they do completely stop or
could really make out some consideration and then proceed on.

So this would really vary on each someones personal preference or the temper or patience that they could have some could lasts long and some couldnt able to bare it out.

Speaking of mine then it does vary because we do have different jurisdictions and thinking on particular conditions which would really vary on each person.

Topic: How many consecutive looses can you handle in trading? (Read 830 times)