In my case, I only allow to lose 2 times, because if I lose a third time it is because I am not seeing the trade correctly and my strategy is not correct, the reason why I allow myself 2 times is for the following reason, yes I make 1 trade and I lose it, when I make the 2nd trade I have to recover what I lost in the 1st trade and if I lose the 2nd trade, I have to recover and leave with a neutral balance with the third one, now if I lose the 3rd trade I have to assume the loss and wait as long as it takes to have market clarity, because obviously I'm not getting it, and that's how I protect myself.
The market always gives good opportunities to enter, you don't have to rush, you just have to be patient.
Topic: How many consecutive looses can you handle in trading? - page 5. (Read 830 times)
analysis is very important. use technical analysis and also Fundamentals must be considered. Technical Analysis and Fundamental both have a relationship about crypto prices that will move.
not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.
You made a good point although a little irrelevant to the actual topic. I think as long as you are doing the fundamentals correctly, you shouldn't be too worried about losses. not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.
There are sports teams that lose a lot of matches in a row but that doesn't mean they should stop competing because results don't always reflect the preparation and efforts being put behind.
If you are trading with the right fundamentals and not making any mistakes, you should just disregard the losses and continue working hard on the strategy you have picked for yourself.
I guess there's no set number of losses after which you realize that trading isn't your thing and is not working. It all depends on how much loss you are making each month and whether or not there is any improvement in the results.
For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
While trading is very hard one of the easiest ways to know if you have what it actually takes to become good at it is to paper trade, if people took the time to set up a strategy and then paper trade that strategy for at least 100 trades and they were to see what were their results then they could easily see if they can become good traders or not, after all if you cannot succeed under those circumstances which are the most favorable then you should not try to become a trader at all.For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
-snip- So, if you want to be successful in trading, analyze everything first and make sure you have proper knowledge about it and you do a lot of research before entering this kind of platform.
analysis is very important. use technical analysis and also Fundamentals must be considered. Technical Analysis and Fundamental both have a relationship about crypto prices that will move.not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.
Consecutive losses will not occur if we do careful planning before trading. Most people think trading is too easy, they think it's just buying coins
at low prices and selling them when prices go up. Even though trading is very complicated, there are many factors that we must prepare for.
So as not to make the wrong decision and make us suffer losses. As you have explained many things that must be prepared before deciding
to trade, we must have good analytical skills, and can also use well-planned strategies. So don't trade without any preparation, it will only
waste our money.
Its not we do really totally get rid of it but at least we do know that we can really lessen the chance for it to occur via making good trading decisions.It might not be an assurance but at least you do
able to hit up on your goal or still on the profitable side.Losses would be always there and wont go because there's no such thing about perfect trader or investor.
As you do gain experience then you would really be gaining some edge.
-snip- So, if you want to be successful in trading, analyze everything first and make sure you have proper knowledge about it and you do a lot of research before entering this kind of platform.
analysis is very important. use technical analysis and also Fundamentals must be considered. Technical Analysis and Fundamental both have a relationship about crypto prices that will move.not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.
Consecutive losses will not occur if we do careful planning before trading. Most people think trading is too easy, they think it's just buying coins
at low prices and selling them when prices go up. Even though trading is very complicated, there are many factors that we must prepare for.
So as not to make the wrong decision and make us suffer losses. As you have explained many things that must be prepared before deciding
to trade, we must have good analytical skills, and can also use well-planned strategies. So don't trade without any preparation, it will only
waste our money.
I guess there's no set number of losses after which you realize that trading isn't your thing and is not working. It all depends on how much loss you are making each month and whether or not there is any improvement in the results.
For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
While trading is very hard one of the easiest ways to know if you have what it actually takes to become good at it is to paper trade, if people took the time to set up a strategy and then paper trade that strategy for at least 100 trades and they were to see what were their results then they could easily see if they can become good traders or not, after all if you cannot succeed under those circumstances which are the most favorable then you should not try to become a trader at all. For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
-snip- So, if you want to be successful in trading, analyze everything first and make sure you have proper knowledge about it and you do a lot of research before entering this kind of platform.
analysis is very important. use technical analysis and also Fundamentals must be considered. Technical Analysis and Fundamental both have a relationship about crypto prices that will move.not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.
For me i don't really welcome much losses, I try to make sure my trades are good enough and onset and if a trade gives me a loss I will check if I got enough equity I will do hold on the trades and be rest assured it will end up in profit. Well I think the amount of loss I can handle depends on the account size, if I got a bigger account then I can handle up to 3 or 4 loosing trades and if the market doesn't moves in my favor I will know such strategy isn't working for me any longer so I did change pattern of trading
Having that kind of system gives you good opportunities in adjusting your strategy.
Working system is very important as it will give you an edge over those other traders who don't have any. Traders that have capabilities to assess and understand the potential of those assets that they are using for their trading have a better chance to earn decently. It's a good practice to give some time with your strategy as crypto trading is too volatile. Rushing each decision can cause you to lose more.
The effective work of a trader is related to how much he can emotionally restore his strength. And if a trader cannot recover, then this will necessarily have a negative impact on his transactions. Therefore, after the second unsuccessful transaction, it is necessary to analyze it and take a break from the market.
Indeed. Risk is always been there in trading, it is up to you on how to handle it. Once you experienced losses so many times and you can handle it and you don't mind it, you will be successful in your trading. Indeed. The effective work of a trader is related on how much he can emotionally restore his strength. If he can't recover and lose money again and again, it will give a negative impact to all his transactions. So, if you want to be successful in trading, analyze everything first and make sure you have proper knowledge about it and you do a lot of research before entering this kind of platform. 
The effective work of a trader is related to how much he can emotionally restore his strength. And if a trader cannot recover, then this will necessarily have a negative impact on his transactions. Therefore, after the second unsuccessful transaction, it is necessary to analyze it and take a break from the market.
For me i don't really welcome much losses, I try to make sure my trades are good enough and onset and if a trade gives me a loss I will check if I got enough equity I will do hold on the trades and be rest assured it will end up in profit. Well I think the amount of loss I can handle depends on the account size, if I got a bigger account then I can handle up to 3 or 4 loosing trades and if the market doesn't moves in my favor I will know such strategy isn't working for me any longer so I did change pattern of trading
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?
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?
Handling your losses is depends on your emotions and capital. If your negative emotions are higher than your positive view of your trade, it will ruin your strategy and it will cause huge losses. If so, it is better to take a break and calm down before re-trading. But if you don’t have capital due to successive losses, I think that’s a sign to leave trading and find another type of investment that is suitable for you.
Well, what I meant to count them are for those that I accumulate continuouls in losses which means that I cannot attain to count them if I have to handle those consecutive losses.
Maybe, I can handle as many as I can but no way that I would want to keep losing entirely with my funds and that's why handling those losses will really depend on how much my budget is.
Indeed. I can also handle losses as many as I can because I know there are lots of chances to get profit. When you lose many times, it means that your strategy isn't working anymore. So better to stop trading and take a break instead of pushing your strategy even if you know it didn't work because you will end up nothing with massive loss. It is better to make another technical analysis in order to build another strategies because it is very important. Studying the graph for at least 2 hours will surely enough to make another strategies. But before you make any decisions, try to relax and take a break to refresh your brain for you to create the best decision to the situation. Maybe, I can handle as many as I can but no way that I would want to keep losing entirely with my funds and that's why handling those losses will really depend on how much my budget is.
For me I can't really handle much loses especially when it's happens after one and other creating phobia of loosing more if one stays in the trade. Continuous loses can affect a traders' psychology when it comes to trading and maximizing profits. Although the aim is to make money in the market but at the same time we need to try our possible best and control ourselves in order not to be affected by trading phobia. The market is not friendly but one can utilize their power when they see opportunity to buy more or sell more provided by the market volatility.
Just like gambling, one should pause trading if one is facing loss one after another. Maybe the attitude needs to change and taking a mini-break sometimes helps you realize what recurring mistake you were making because there is no way you are losing just every trade unless there is a common mistake each time.I am not saying you should just stop trading completely. Taking a break means it's time for self-realization and analysis of what's going wrong which is also a part of trading. Sometimes when people aren't trading they feel they are losing valuable time, that's not true. Self-realization and analysis of own trades are just as important as trading itself.
The market is not friendly but one can utilize their power when they see opportunity to buy more or sell more provided by the market volatility.
Yes the market isn't friendly to any trader which is why we need to be careful. Taking opportunity doesn't mean that we have to throw all our money into the market because we think the opportunity is ripe but it might change at the long run , the reason we need to use our stop lose and this is very important.to do
For me I can't really handle much loses especially when it's happens after one and other creating phobia of loosing more if one stays in the trade. Continuous loses can affect a traders' psychology when it comes to trading and maximizing profits. Although the aim is to make money in the market but at the same time we need to try our possible best and control ourselves in order not to be affected by trading phobia. The market is not friendly but one can utilize their power when they see opportunity to buy more or sell more provided by the market volatility.
I can only handle 3 or 4 and I'll just stop trading for a few weeks before I resume again. Most of the trades I do and positions that I take are meant for the long-term, and I do this in order to avoid losing too much money by doing impulsive decisions based on others' analyses or my own emotions. Luckily I have never experienced such a streak, as I learned to never sell at a loss and just hold the coins that I have even if it means seeing red for a few weeks straight. Right now, I'm just buying and holding, and it's way easier than to force myself to trade directly.
Yeah, taking a break certainly helps if you aren't getting desired results from trading.I usually trade multiple coins and it's hard to say if I ever had a losing streak or consecutive losses because I face loss in some trades but bounce back nicely in other coins.
If you are only sticking to trading a single coin at a time, it's quite easy to count your streak from the trades history and determine.
I guess there's no set number of losses after which you realize that trading isn't your thing and is not working. It all depends on how much loss you are making each month and whether or not there is any improvement in the results.
For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.
If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.
It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.
An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;
HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;
HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
OP firstly what do you mean by consecutive losses? Does that mean our whole capital is lost?
As in trading you don’t lose all of a sudden.
It’s an up and down moment.
If you say me about this thing, then recently i had bought some coins of 2500$ by getting a tip.
And sadly due to my luck, it went down to 1300$.
Then I realised that my strategy is not good and i quickly started my backup plan.
Everyone faces something like this and i am damn sure.
2-3 losses would be enough for me to stop for a while. I usually allocate enough funds or a portion of my salary for trading. That portion is the number of funds that I could afford to lose. I make sure that I won't have regrets in the future so I'll know when to stop and when to continue. It's just a matter of self control for me.
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