When investing in cryptoccurency, you need to invest the money you can afford to lose. Never invest money for your daily expenses or money for health. Thus, any loss will not be a disaster in your mind. The fact that the currencies you invested have decreased, it does not mean they will not be worth much again in the future. It is important to keep your calm, to expect coins to value again for profit, then sell.
Topic: how to manage losses? - page 60. (Read 26513 times)
Coping with stress, you need to change the type of activity. Good help is walking in the fresh air and active games. In addition, you should have sports in your daily routine.
In my opinion we do not need to panic when the loss, continue to learn where our error lies. For the next action we must be more patient and careful in statistical calculations. We should be able to read the chances between the price rises and the price down, all done so that we can make a profit
To me i believe that i do not allow the loss to overwhelm me, rather i allow it to go and i move on. What i also do in order to avoid any form of loss that might be serious, i diversify. I invest into more than one coin, because if some fall in price, others may likely rise for one to maintain..
Use stop loss, do not put all the money in one crypto currency, do not use credit funds for trading, trade without emotion ... If you bought at the peak, but the coin sank to the bottom, do not sell, remember the market is very young, and your coin can grow.
Personally, I recommend that in case of losses, a part of the money be invested in a reliable and long-term perspective for obtaining a small profit and restoring losses over time.
how do you manage stress if you loss biggest amount because the value of.your token.is hitting down ..? in your opinion how diversify your investment in other alts to cope up your losses?
thanks in.advance..
thanks in.advance..
I just wait it out and hope for the best. I know one day the tokens will have or gain value again and waiting is the best thing you can do in those times. If you can't wait, then just cut off your losses and just start anew with another alt coin that has a huge potential.
I often forget about them and I can not always think about them. I need to think of a way to get up
for me mate there is no losses if you sell your coin on dump price. coins that are just in a wallet that you still holding even if the price is 100% dump rightnow are still alive. except if you let go them and sell it on a lower price. so if you like not to have losses better to keep them at the moment. dont lose hope, if you are still holding it.
Depends on your money risk if you risk big and spot a good trading volume then suddenly all coins are starting to fall down then forget it and hodl it in the long run. I manage that many times. So what's yours? can you give me some insight
Don't panic. If your tokens have become cheap do not sell! Most likely in the future the price will rise and you will get your profit.
First, I do not sell altcoins at a loss. Secondly, I share my investments between bitcoin and altcoins. I keep altcoins not only with high-risk but also from the top 10. And I keep more than 15 coins in my portfolio. So I share risks.
Control your emotion and do not think about loses. In first time i lost big money at some altcoins. My biggest invest price decrease 93% in one project but it will be okey when finnish the bear market.
how do you manage stress if you loss biggest amount because the value of.your token.is hitting down ..? in your opinion how diversify your investment in other alts to cope up your losses?
thanks in.advance..
thanks in.advance..
First of all, NEVER invest something you can't afford to lose - so no suicide thinking for you. Secondly, when you invest in a high risk asset like coins, first consider your investment as gone the moment you bought. This will relieve you of the stress. If you can't accept this thinking, you shouldn't be buying in the first place.
Next consider diversifying into 5 - 10 coins. So, no single hit to you.
I don't keep all my money on one coins,so when there is a big loss I don't feel it and become stressful all day because is part of trading. But the most thing to do to manage loss is to cut it short before it happens. When a trade goes bad, just quit and move to next coins.
I think when facing with lose, the first thing to do is relax and except your losses. Then startup your strategy to add some trusted altcoins and wait for it rises and then sell it. Just sell only if the coin price is higher. Commonly, I will put my money not only in one coin, I will prefer more than two coins.
I did not have that kind of experiences but I think I will handle that through self control not to be easily affected by the situation if it will goes with my way. It seems easy to say but actually hard to overcome when I will at that moment. Pretty sure for that.
I think that the best way to manage losses is to invest when the price is extremely low, thus your risks will be minimal. Of course, at any time the price may still fall, but it will not fall very much. 
to avoid excessive pressure, I advise you to find and collect a coin purse coffers free of charge if you lose at least you still have savings and experience in getting free coin without capital, maybe from there can motivate you to rise from scratch
Before buying into crypto currencies, you should already have a strategy on how to manage your losses. It is important to always be ready with a decision wherever the market goes whether in an uptrend or a downtrend. Having a stop loss near from your entry point and having the discipline to stick to it is important. Taking profit upon reaching your target price should also be part of the strategy and not being greedy.
By thinking positive always and be calm,ignore sadness and by thinking that theres hope to cope with losses,and because you are not affected so that would be easy for you to get up again and start investing again so patience is very needed to let our self not to give up whatever the outcome is.
Jump to: