How to manage losses? - page 3. | Bitcointalksearch.org

poodle63

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Quote from: TelolettOm on September 01, 2021, 07:33:57 PM

Why do we know if it is a shit project or not? For a new crypto project, it is difficult to determine whether a good project or a shit project. I think managing risk management by avoiding a shit project, seems a bit difficult to understand.

Maybe what considered a shit project is project that are like the meme coins that only depend on the hype but the hype itself can be gone anytime. But it's also true to differentiate a good project and shit project is difficult,
what i always considered is if the project have good partnership with popular project, like if it's endorsed by big company like binance there are many project endorsed by binance until now with their launchpad, that will make me think the project is good quality because the project was interviewed by binance itself.
But this is only one of many factors out there to determine a good project

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Quote from: Princejebs on September 01, 2021, 05:55:48 PM

The first rule of my risk management is to never invest in shit projects, you know why? It always save me the stress of taking my loss because they comes in less number.

Why do we know if it is a shit project or not? For a new crypto project, it is difficult to determine whether a good project or a shit project. I think managing risk management by avoiding a shit project, seems a bit difficult to understand. Most new projects in crypto look hard to trust, most of them have a chance to be a scam/shit project. Why don't just buy top coins? I think to lower the risk, better to invest in top coins. Top coins should be owned by trusted projects.

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Quote from: Fatunad on August 31, 2021, 07:46:05 PM

Quote from: senyorito123 on August 31, 2021, 07:42:59 PM

Quote from: luca prieto on August 30, 2021, 05:53:16 AM

~snip~

There are really coins which are really good or does fit out with short term durations which simply means that you would really need to make out decisions basing on what you are seeing on market trend.
Managing losses is depending on someones skills because it is part of risk management which people should really learn up because if you dont know on how to handle well in terms of your finances
or capital then you would surely be having a problem towards on profiting. Try to make yourself sustainable and minimize losses as small as possible.

Indeed, I've categorized them nowadays and you can't make it up once you don't encounter losses. Many times I tried to make myself sustainable but I failed because of my emotions, so I keep my profit optimum and I wasn't able to gain as much as the other traders who earned huge returns with their invested cryptocurrency.

Princejebs

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

The first rule of my risk management is to never invest in shit projects, you know why? It always save me the stress of taking my loss because they comes in less number.
If you invest in good project, they hardly collapse except when people have this fear of bitcoin collapse and market bearish.
Avoid fomoing into new projects, they pump and give huge gains in short term but the same time, it can destroy your portfolio.

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Quote from: pedrillo0 on September 01, 2021, 04:20:36 PM

Stress is reduced when you use money that you don't NEED, diversifying investments is a smart way to use money, since if one currency does not make you win, others will.
I diversify 20% to the best memes or trends, and 80% to the most robust currencies such as BTC, ETH, SOL or ADA... etc etc.

This is true where you do know that this money isnt something that get from your emergency or life savings which would really be putting you on ease and would have in mind that its fine that
you do incase lost it up on investment and to know that you have taken some risk then its just normal for losses to happen.Thing here is that you do learn up from those mistakes and make
yourself even way more better as you do go ahead on the career you've been taking. Managing losses will vary on how you do handle your finances well.

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Big losses occur as a result of investing in one project, the decision to choose a project for a large amount of investment is certain that the results obtained are also large, as well as the risks that will be accepted if it happens as you say. The fact is that there are still many tokens that we can choose from, both in terms of liquidity and varying prices. Loss in investment naturally causes stress, the desire to return everything that has been lost is very great. I myself, if that happens, will choose an alternative path of coin investment that has been the choice of many other investors and will not be in a hurry to get back the losses that have occurred in the past. The point is that there are still many other alternative coins that we can invest in so there is no need to take one, take several coins for investment.

pedrillo0

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Stress is reduced when you use money that you don't NEED, diversifying investments is a smart way to use money, since if one currency does not make you win, others will.
I diversify 20% to the best memes or trends, and 80% to the most robust currencies such as BTC, ETH, SOL or ADA... etc etc.

maju69

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

As most people say that Cut Loss is the answer. You only need to be careful in determining which altcoin you invest in your finances. Because the nature of altcoins is always based on an uptrend price.

So don't try to invest money in the long term in altcoins that have a level of risk that does not guarantee the future. for that Bitcoin and Ethereum are the ones that you should allocate the most portfolio. Then the remaining 5-10% of altcoins are for short-term investments.

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Having a well thought out plan is very important before you enter the market or whatever. Manage profits and calculate losses. You should have stops when you are at a disadvantage. Never put capital into one basket, because if it is done when the price drops you no longer have assets that you can rely on to cover your losses.

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Quote from: dunfida on August 31, 2021, 06:21:17 PM

Quote from: batang_bitcoin on August 31, 2021, 06:14:29 PM

Quote from: Evgenklm on August 31, 2021, 03:34:17 PM

I simply relate to this, and I understand that there are risks and I am more ready for this than myself, and I always buy this or that coin with capital, which I am ready to lose, once there was a bitter experience, I put the entire 100% deposit on one coin, as a result -80% .Now I don't put all my eggs in one basket.

There is a situation that it is good to put all of your eggs into one basket and that situation is all about investing in bitcoin only. This strategy has always been the best idea that has been so far survivable and will make you a good situation whenever the altcoins market has been dropping.
It's a way to manage your losses if most alts aren't good, as managing your losses, can be the strategy that others could try while they've got altcoins. Putting a larger amount into bitcoin will help them balance the risk.

Bitcoin might always get the spotlight but doesnt mean that its risk free.Although as the king or father of all crypto then you would really be having that kind of impression.

Putting all of your eggs on one basket is good but something which is worth and its hard to determine and even majority do give out or recommend bitcoin then there are still

people whom do consider out on putting some investment on altcoins which are talking with those top ranking ones and not the shitty or garbage one.

Yes, I didn't said that it's risk free but you're in a better situation if it's about risk. There's more with bitcoin only just to keep up with losses. Just like now, we've seen it back a bit at $49k and then went a little to $48,800. That's why owning bitcoin is the exception about putting your eggs in one basket. It's always been the best idea that we've seen in the crypto market.

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?

I think you should move on, make it a learning experience, everybody sucks at some point here in crypto, next time don't sum up your investments in just one token/project, splip it if you can, do some research, invest only what you can lose.make this stress your'e feeling RN a reminder in the future when you invest again

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?

By not getting in DeFi, NFT and other such hype machined entities. The reason why people never make money is simple but everyone fails to accept it. If someone is putting their money in a concept that has no long term value in terms of market making then the project will be failing and the ones who will get rich are the ones mongering it.

I have been seeing the same cycle on and on - and the people who run them want to promote them because it allows them to make money scamming some newbies who are hyped into the market. First came vaporware coins and then ICOs and then the variants of ICO and now these.

Some of you might still be in denial about this - which is normal. It is not my job to teach you, but you will understand with time.

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in your opinion how diversify your investment in other alts to cope up your losses?

A better option is not to diversify inside crypto. For a diligent investor, the only crypto one should know is bitcoin. If you need to diversify - do it outside crypto, not inside, meaning diversify into fiat markets like stocks, commodities real estate and so on. But dont spend your precious earning on buying shitcoins.

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The only way to really manage loses is to realize that any money that you invest is money that can easily be lost. With that being said doing proper research on projects and understanding the market that you are getting into should be the first thing you do, never fomo into something that you know little to nothing about.

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?

I never lose a big amount since I'm doing precautionary actions if I anticipated that something not right will happen. For let's say I really losses big, then no choice but to accept it. I will take a break for at least a week then come back to action with peace of mind. Stress is really part of the game that's why I'd rather feel it instead of trying to avoid it. After all, we will soon recover and that bad experience is a foundation on our future decision.

Quote from: luca prieto on August 30, 2021, 05:53:16 AM

in your opinion how diversify your investment in other alts to cope up your losses?

That's a tough work as not all altcoins are having the same behaviour. And even you will follow some other portfolios, your approach will be different to them. Try to make a self-analysis about some recent performing coins. That will be your assignment.

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Quote from: senyorito123 on August 31, 2021, 07:42:59 PM

Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

To cope up my loses I wanted to exit during danger of having dip of current holdings, which I thought to be dropping at cheap price. I couldn't sustain longer while waiting for my asset to increase again. Long term plans is only good for eth and btc that's why taking short term trading was only beneficial for altcoins within short period of time.

There are really coins which are really good or does fit out with short term durations which simply means that you would really need to make out decisions basing on what you are seeing on market trend.
Managing losses is depending on someones skills because it is part of risk management which people should really learn up because if you dont know on how to handle well in terms of your finances
or capital then you would surely be having a problem towards on profiting. Try to make yourself sustainable and minimize losses as small as possible.

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Usually to manage stress what I do is not to think about it too much, I accept the loss. There are 2 ways that I do, firstly selling some of the tokens and secondly holding it for some time.

for diversification is not easy, but I will pick some of the top coins and invest a little into new projects based on my analysis.

senyorito123

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

To cope up my loses I wanted to exit during danger of having dip of current holdings, which I thought to be dropping at cheap price. I couldn't sustain longer while waiting for my asset to increase again. Long term plans is only good for eth and btc that's why taking short term trading was only beneficial for altcoins within short period of time.

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Quote from: Kasabus on August 31, 2021, 07:22:03 PM

Quote from: Princeofpoetry on August 31, 2021, 07:03:29 PM

Usually to manage stress what I do is not to think about it too much, I accept the loss. There are 2 ways that I do, firstly selling some of the tokens and secondly holding it for some time.

for diversification is not easy, but I will pick some of the top coins and invest a little into new projects based on my analysis.

If you don't know how to manage the stress everytime the market dumps easily, then you are prone into more losses. I suggest have your own plan and set your own goal. Even if the market tends to move sideways, atleast you know exactly what you are going to do. Even selling your coins and buying another coins should always be in accordance with your plan so you won't come up regretting in the end because its not the right timing yet.

And its a good thing also that you should not think much of the stress. Enjoy what you can enjoy and make as much profits everytime you see opportunities in the market. It also a matter of right timing too.

I admit that sometimes I also get stressed seeing prices suddenly drop, but the stress we experience must be controlled. If it will not affect
the decisions that will be taken, and if stress is not managed properly, it is certain that we will experience losses. It is not easy to manage stress,
but if we try and have a strong will, stress should be well controlled. Start with good planning, it is very effective in making us avoid stress,
because we already have a plan of what we are going to do. Suppose the market suddenly goes down we can keep holding or cut-loss and buy again
at a lower price, depending on the plans we make. And always make alternative plans if the main plan doesn't go well, it will make us confident
with whatever the market happens.

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Quote from: Princeofpoetry on August 31, 2021, 07:03:29 PM

Usually to manage stress what I do is not to think about it too much, I accept the loss. There are 2 ways that I do, firstly selling some of the tokens and secondly holding it for some time.

for diversification is not easy, but I will pick some of the top coins and invest a little into new projects based on my analysis.

If you don't know how to manage the stress everytime the market dumps easily, then you are prone into more losses. I suggest have your own plan and set your own goal. Even if the market tends to move sideways, atleast you know exactly what you are going to do. Even selling your coins and buying another coins should always be in accordance with your plan so you won't come up regretting in the end because its not the right timing yet.

And its a good thing also that you should not think much of the stress. Enjoy what you can enjoy and make as much profits everytime you see opportunities in the market. It also a matter of right timing too.

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Quote from: luca prieto on August 30, 2021, 05:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

First of all, about loss in general, it depends on the situation in each case. For instance, it would be wise to sell your savings when reaching just 10% or 20% loss in order to decrease the damage even if the price goes up right after you sell.
Second, about portofolio diversification, this is almost the safest way to manage loss. I would always recommend to split the investment budget between several crypto for better chances to profit, but also to manage unexpected loss.

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