How many consecutive looses can you handle in trading? - page 6.

john_nautica

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Quote from: dothebeats on August 21, 2021, 07:56:00 AM

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.

I also can take only this many losses, and whenever I do, I take a break to clear my mind and align my emotions once again. It is also necessary that I do technical analysis during this time to formulate new strategies and be able to study graph and the movement of the market. Trading for short-term objectives can be really stressful and much harder so I personally opt more to long-term.

dothebeats

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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.

tvplus006

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Quote from: RealMalatesta on August 21, 2021, 06:29:16 AM

...Usually traders are trying to recover their losses on the day itself which might be the reason why they are facing continuous losses regardless of their strategy and market volatility. If you are taking time by realizing like there are enough opportunities are available for every day and there will be no need to rush on the same day itself, then we can avoid more losses happening continuously.

If the trader sets himself the task of returning the lost funds on the same day, then in this case it becomes like a casino and usually leads to new losses. Without an assessment of the market situation and the reason for the unprofitable transaction, it is not necessary to open a new order.

Cherylstar86

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Quote from: blockman on August 21, 2021, 12:47:51 AM

Quote from: tippytoes on August 20, 2021, 06:27:32 PM

Quote from: blockman on August 20, 2021, 05:55:11 PM

I can't count them all, I can have as much as losses as I can but it all depends on the budget. As long as I've got that budget that's already dedicated to trading, it's all up to how many times it can go. But if being in my mood and I think that I've had enough already with my trades, that's when I'm going to stop whether it's just 1 or 2 losses then I'll be stopping. Then if I keep on winning, I might stop too and just take it as the day, just as the same when I've got enough.

In this market, really hard to count all the losses that you have. As the market can change in seconds, you can lose fast in that time period. So it is actually hard to identify those points especially if you have no reference. Unless, your only reference is the price where you bought it. Then, it is easy to identify whether you lose or not in the trading as you compare it to your buying price. But in general, hard to count as we trade a lot of times and that is hard to track.

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.

RealMalatesta

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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?

It is definitely our available capital dependent and at the same time I'm having the principle of immediately stopping right after a loss. This will help me not facing consecutive losses due to sudden change of market conditions. So, whatever strategy I will be following in one particular day, I may not go for consecutive losses as I will be taking time to analyse for what casing me losses and how a loss happened on my first loss itself.

Usually traders are trying to recover their losses on the day itself which might be the reason why they are facing continuous losses regardless of their strategy and market volatility. If you are taking time by realizing like there are enough opportunities are available for every day and there will be no need to rush on the same day itself, then we can avoid more losses happening continuously.

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Quote from: tippytoes on August 20, 2021, 06:27:32 PM

Quote from: blockman on August 20, 2021, 05:55:11 PM

I can't count them all, I can have as much as losses as I can but it all depends on the budget. As long as I've got that budget that's already dedicated to trading, it's all up to how many times it can go. But if being in my mood and I think that I've had enough already with my trades, that's when I'm going to stop whether it's just 1 or 2 losses then I'll be stopping. Then if I keep on winning, I might stop too and just take it as the day, just as the same when I've got enough.

In this market, really hard to count all the losses that you have. As the market can change in seconds, you can lose fast in that time period. So it is actually hard to identify those points especially if you have no reference. Unless, your only reference is the price where you bought it. Then, it is easy to identify whether you lose or not in the trading as you compare it to your buying price. But in general, hard to count as we trade a lot of times and that is hard to track.

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.

ene1980

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Quote from: feelideb on August 17, 2021, 06:24:26 AM

If i make consecutive 2 to 4 losses within a period of a week, I am likely going to stop and clear my head and restrategize! These kind of scenerio happens when I must have made good call consistently over a period of two to three months. At some point, I begin to get profit apathy, and I could start making wrong call from that point forward!

That is a new word profit apathy Cheesy

. It happens to me while i am gambling when i keeps on winning for months and then i end up making some bad judgement calls simply because i am too confident and wanted to take risk and that is the case with investment. You make money and you think that all your calls will end up making money and it is these judgement calls that can ruin your months of work. I would usually take a long break from any similar activities and now i would take a break when i have the feeling to take much risk.

tippytoes

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Quote from: blockman on August 20, 2021, 05:55:11 PM

I can't count them all, I can have as much as losses as I can but it all depends on the budget. As long as I've got that budget that's already dedicated to trading, it's all up to how many times it can go. But if being in my mood and I think that I've had enough already with my trades, that's when I'm going to stop whether it's just 1 or 2 losses then I'll be stopping. Then if I keep on winning, I might stop too and just take it as the day, just as the same when I've got enough.

In this market, really hard to count all the losses that you have. As the market can change in seconds, you can lose fast in that time period. So it is actually hard to identify those points especially if you have no reference. Unless, your only reference is the price where you bought it. Then, it is easy to identify whether you lose or not in the trading as you compare it to your buying price. But in general, hard to count as we trade a lot of times and that is hard to track.

Hippocrypto

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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?

Maybe in times of bearish market I certainly accept the fact that my trading strategies will be failure and ineffective. But this time of huge market potential while we observed that bitcoin keeps growing, I can handle losses with minimal percentage and consider things effective. No matter what happens on your trading, you still have chances while market activities kept changing everyday along with fluctuations.

blockman

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I can't count them all, I can have as much as losses as I can but it all depends on the budget. As long as I've got that budget that's already dedicated to trading, it's all up to how many times it can go. But if being in my mood and I think that I've had enough already with my trades, that's when I'm going to stop whether it's just 1 or 2 losses then I'll be stopping. Then if I keep on winning, I might stop too and just take it as the day, just as the same when I've got enough.

South Park

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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?

I think the first question that comes to my mind is that if you have actually tested your strategy with the previous movements of the market to see how it behaves? If you have not done so then how could you be able to tell if your strategy is becoming less effective? After all there are many instances in which you are just going to have some bad luck and you are going to lose many times in a row, I remember paper trading once and my system lost 22 times in a row and yet it was still profitable, but how? Because of my money management skills that kept those losses small.

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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's 4 straight losses that burns me from inside and then I stop trading for a while and analyze my trades.
I don't step back in before I am really sure of what I am doing. I usually change the coin or strategy for trading before I get back in.
This actually happened recently and I faced consecutive losses. Now I have started accumulating the losses again by other means.
Once I get enough I will think to start trading again but until then I will probably be on a break from trading.

Lanatsa

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Quote from: bocyaj on August 20, 2021, 04:10:30 AM

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?

It was countless when I had entered this field. Most of the traders in this field will lose some money and earn a experience and not a profit. The profit is not a matter at the initial stage.When the market up and you had learned the trading, the profit will knock your door every day.

Mistakes are your best teacher but would really be depending on how someone would be accepting towards their progressive learning towards the market and not all would really be having that kind of mindset on where they should learn up something despite of those losses.

Asking me off on how many consecutive losses that I do able to handle then it would be limitless but im trying out to minimize as best as I can even though it is hard but doesn't mean that it would be
impossible.

Just do gain experience as you go forward and learn everything that you could encounter and make analysis from it.

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Quote from: isaac_clarke22 on August 20, 2021, 03:46:07 AM

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

~

5 consecutive losses and it is losses by the way OP, not looses. I switched my strategy to long-term when I consecutively incur losses 5 times, buying and selling my preferred coins.
I just go and decided to "f it, all into Bitcoin" now. It was a newbie experience anyway, but I guess emotion came through me that time.

That suffer 5 consecutive losses will surely tell that our strategies aren't effective anymore or it was a sign to quit. I think we don't need to force ourselves seeing this is a sign that trading isn't for us.

For me, I could take 3-5 straight losses and it was enough. Maybe I have to stop for a while but if it is the same results during my next try, I couldn't dare to continue making myself compromise with such losses. This will signify that we are not destined to become a trader, maybe there is a right place for us.

bocyaj

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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?

It was countless when I had entered this field. Most of the traders in this field will lose some money and earn a experience and not a profit. The profit is not a matter at the initial stage.When the market up and you had learned the trading, the profit will knock your door every day.

isaac_clarke22

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

~

5 consecutive losses and it is losses by the way OP, not looses. I switched my strategy to long-term when I consecutively incur losses 5 times, buying and selling my preferred coins.
I just go and decided to "f it, all into Bitcoin" now. It was a newbie experience anyway, but I guess emotion came through me that time.

Zilon

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I do not measure how much value or amount to form a strategy, or you can say I do not have a strategy. I only trade to get instant profit, I mean after buying coins I immediately make a sell order with a profit of 5-10%, if it sells I will make a buy order again at a price below what I sold. I do this repeatedly, and if the market is red I will not sell and will stay until my sell order is completed.

If there is no strategy then it's pure gambling. Even if you scalp the market you can't just trade against the trend and expect to make profit. They market it self comes with lots of surprises because even experts experience losses how much more one without a strategy you will only end up paying those with a strategy your hard end coin

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For the first time, we will indeed be confused with the market, as if what we do is always wrong, so we feel discouraged. let alone to accept consecutive losses. but from the beginning I always limit it to 2 times a day. and when that happened, I learned to stop trading at that time, and the next day started looking for opportunities again

There were times I uninstalled crypto-related apps when I lost in trading when I just saw started, but somehow knowing that trading is a future we will truly find ways to learn it. It's hard especially at the start, there were times we will lose our money many times until we can realize what we can do and know that its a worth trying. It will depend on how much we lose and still how were able to earn and survive the greedinrss and decision making part. Though, it will always be tgere but atleast we now know how to maximize the winning and minimize the losses.

Smartvirus

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I rely can't place a timing on it but, it would comeore as a feeling to me. Emotions are a bad way to trade but certainly not a bad option when it comes to considering your trades gone wrong. Perhaps I loose trades in a day and then a second day and then it tends to move the same way with with particular strategy then, it ought to mean something to me. It ought to tell me that, the strategy in use isn't just working and then the need to look out for a different way to trade the market while, taking notes on what seems to be causing the changes in the market and how the market instruments responds to it.

el kaka22

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I could actually lose all the time, you know why? I do not end up trading with too much of my money, and that is why I do not really feel like anything at all when I lose. Think about it, if you keep it at 10% constantly and that is why the biggest loss I could ever have is 10% of my entire portfolio, and that doesn't change constantly neither, like let's say I have 1000 dollars, and I have 100 dollars trading, just because I lose 100 bucks doesn't mean that suddenly I have 900 and will trade 90 dollars, I still consider that 900 dollars as my investment portfolio and I will use another extra 100 dollars for trading when I find it, and mean while increase my overall investment neither.

So, long story short I never lose too much, the biggest loss could be 10% and I usually do not really spend that much money on single trade neither as well.

Topic: How many consecutive looses can you handle in trading? - page 6. (Read 830 times)