Topic: I lost my confidence... And fought to get it back. - page 3. (Read 892 times)
When we experienced losses, it lessens our confidence but remember that there is still many options to get back our losses. We can simply hodl and wait for the bull run again or regain it by selling it in lose amount then trade again to compensate the lose. Great thing, there are mentors who are there tk remind you and to still guide you on the right track. But remember that it is not only you, who got that feeling. Whenever there is loses, there is insecurities.
Confidence may not directly be a factor to success in trading, but it can indirectly play a part, when one is confident about something, in one way or the other, you tend to do that thing correctly and smartly, if one takes away panic and uncertainty, applying all the methodologies learnt as well as imputing confident ideas, with luck on your side, such trade would be successful. People should be encouraged to eliminate fear and boldly trade cryptocurrencies.
OP there is no need to post with texts increased in size.
It's good and congrats that you get everything on top. Without fall you can't rise. You did what people advice here, learnt on mistakes.
In overall such threads are always welcome, there are a lot of people who fail in trading, such threads really boost positive feelings and let us know what people who fail in trade aren't alone and there is a chance to learn on mistakes, it's like a motivation.
Thanks and wish you all the best.
It's good and congrats that you get everything on top. Without fall you can't rise. You did what people advice here, learnt on mistakes.
In overall such threads are always welcome, there are a lot of people who fail in trading, such threads really boost positive feelings and let us know what people who fail in trade aren't alone and there is a chance to learn on mistakes, it's like a motivation.
Thanks and wish you all the best.
Treat mistakes as a good foundation in building strong trading experienced.
Without those mistakes, losses, regrets, being crashed, being wrecked, etc. we will not know how to deal properly of al the trading problems we will encounter in the future. Even professional traders today experienced losses during their newbie days and up to now. But that losing experienced able to guide them to create a better and more effective strategy in the future.
If at some point that mistakes happen regularly and continuously over and over again for a "long period of time", without establishing a bounce-back win between those losses, then maybe trading is not really fit for them or still lack of seriousness on that profession.
If you lose only 26% you have a very good chance to recover over time, but never after you lose try to trade on blind for fast recovering because this will make you lose more, calm down and when you feel you are ready trade again.
Once you lost the confidence in your mind then it will definitely very hard to get back in your life again but if you try some effort to make it possible then you will feel better with confidence in this field also very quickly.
and you are not the victim of the loss of trust in the crypto world but there are already many people, because in the past year there were many people who were disappointed with the crypto market condition so that it was difficult to return the lost trust if I thought I once lost 26% of my portfolio in three short trades, in less than an hour and a half.
It was brutally crushing.
Weeks of hard work gone in the blink of an eye.
But I thought back to when I was just a little kid, learning how to ride a horse at summer camp.
More accurately I remember falling off said horse while trying to learn how to ride it.
And the camp counselor wiping the dirt (and maybe a tear, though I'd never admit it) off my face.
"If you don't get right back on that horse, you never will again." he told me.
And so I did.
But when I got back on the trading horse the next day, something was different. It didn't feel right.
It felt like the charts I was so used to watching, were in a foreign language.
The letters were still the same, but I couldn't read them anymore. Whatever I used to see, whatever strategy I had been using before, it didn't fit.
Something was missing.
I floundered, and I panicked.
Luckily, a good friend and mentor was there to catch me.
Thanks to their wisdom, it became clear to me - there was indeed something missing.
My confidence.
Confidence in my skill, confidence in my ability to control my emotions, confidence in my analysis.
Without that, there was no way that crypto could the salvation I so desperately longed for.
And so I set out to rebuild that confidence, brick by brick.
For the next 30 days, I traded only a completely insignificant amount of money and I documented every last detail.
That helped me control my despair while validating the effectiveness of my strategy.
After rediscovering my groove in those 30 days, I slowly ramped back up to trading real money.
In the end, learning from that experience proved far more valuable than the short term damage to my portfolio.
Have you ever had to experience something extreme to overcome a mental weakness?
Same things also happened with me but the percentage was huge more than half for me. But still I have some hope in crypto and I didn't withdraw my assets. It was brutally crushing.
Weeks of hard work gone in the blink of an eye.
But I thought back to when I was just a little kid, learning how to ride a horse at summer camp.
More accurately I remember falling off said horse while trying to learn how to ride it.
And the camp counselor wiping the dirt (and maybe a tear, though I'd never admit it) off my face.
"If you don't get right back on that horse, you never will again." he told me.
And so I did.
But when I got back on the trading horse the next day, something was different. It didn't feel right.
It felt like the charts I was so used to watching, were in a foreign language.
The letters were still the same, but I couldn't read them anymore. Whatever I used to see, whatever strategy I had been using before, it didn't fit.
Something was missing.
I floundered, and I panicked.
Luckily, a good friend and mentor was there to catch me.
Thanks to their wisdom, it became clear to me - there was indeed something missing.
My confidence.
Confidence in my skill, confidence in my ability to control my emotions, confidence in my analysis.
Without that, there was no way that crypto could the salvation I so desperately longed for.
And so I set out to rebuild that confidence, brick by brick.
For the next 30 days, I traded only a completely insignificant amount of money and I documented every last detail.
That helped me control my despair while validating the effectiveness of my strategy.
After rediscovering my groove in those 30 days, I slowly ramped back up to trading real money.
In the end, learning from that experience proved far more valuable than the short term damage to my portfolio.
Have you ever had to experience something extreme to overcome a mental weakness?
However, if you lost your confidence,it will be hard to get it back because it's an abstract things. Once we lost, it rarely back to us.
Only 26%, I think you are new at here. I and other people got more than 90% lose from the market with a lot of shitcoin, ICO and other coins. Welcome to the club, we are archive a lot of lose from trading.
Your experience is an encouragement to those that are new in this market and have not been affected by the brutality of the cryptocurrency trading. It happens to me sometime back when I came into trading for the first time. I was making gained from the beginning until a single trade wipeout out my capital and gained and I have to stay away from trade for over two months before coming back again but this time extremely careful.
A mistake is a thing we can't simply escape from, anyone is subject to have it but it has an advantage for us. We learn from those mistakes and could give us a way to find a solution for not recurring again. And base on my experience, trading is difficult to look at but if we understand it and take control of our self, it everything will be fine.Everyone make mistakes here, so I'm sure all of us at some point experience this kind of feeling. We lost our confidence and we suffer depression and afraid not to trade again because we lost a lot. But that is life so we need to face the consequences of our actions.
And as we mature we learn new things and experience is the best teacher. Learn from our past mistakes and don't let emotions takes over, take control, that is the key.
Your experience is an encouragement to those that are new in this market and have not been affected by the brutality of the cryptocurrency trading. It happens to me sometime back when I came into trading for the first time. I was making gained from the beginning until a single trade wipeout out my capital and gained and I have to stay away from trade for over two months before coming back again but this time extremely careful.
A mistake is a thing we can't simply escape from, anyone is subject to have it but it has an advantage for us. We learn from those mistakes and could give us a way to find a solution for not recurring again. And base on my experience, trading is difficult to look at but if we understand it and take control of our self, it everything will be fine.
Once you lost the confidence in your mind then it will definitely very hard to get back in your life again but if you try some effort to make it possible then you will feel better with confidence in this field also very quickly.
When the bull is taken by the bear, people lose lot of money in the process and people who are new or less experience gets easily effected by it. Those who have being in this cyrpto from long time know the cycle and after rise, fall usually comes so nothing to worry about it.
Your experience is an encouragement to those that are new in this market and have not been affected by the brutality of the cryptocurrency trading. It happens to me sometime back when I came into trading for the first time. I was making gained from the beginning until a single trade wipeout out my capital and gained and I have to stay away from trade for over two months before coming back again but this time extremely careful.
A mistake is a thing we can't simply escape from, anyone is subject to have it but it has an advantage for us. We learn from those mistakes and could give us a way to find a solution for not recurring again. And base on my experience, trading is difficult to look at but if we understand it and take control of our self, it everything will be fine. 
Your experience is an encouragement to those that are new in this market and have not been affected by the brutality of the cryptocurrency trading. It happens to me sometime back when I came into trading for the first time. I was making gained from the beginning until a single trade wipeout out my capital and gained and I have to stay away from trade for over two months before coming back again but this time extremely careful.
the problem with this market is that it can give a lot of the newcomers a false sense of confidence specially during certain periods of time where it is easy to trade. you just have to close your eyes and select an altcoin to make profit. for example 2017. that year ruined a lot of people and emptied their pockets because they thought they were expert traders just because they made some lucky bets on the market. then when the actual market showed its face and they started losing money by making the same "bets" they slowly realized their "confidence" was a sham.
only those who learn from their mistakes can come back to the market and continue on.
only those who learn from their mistakes can come back to the market and continue on.
Once you lost the confidence in your mind then it will definitely very hard to get back in your life again but if you try some effort to make it possible then you will feel better with confidence in this field also very quickly.
That is why the whole crypto trading also involves a lot of mental toughness. You can't just lost your confidence here, otherwise how can you get back. As I have been preaching here, crypto trading is a journey, a lot of bumps along the way and if you don't know your way specially standing and getting back again they you will be lost along the way.
To the OP, at least your mind didn't give up like majority of us. When they see their portfolio down, they start to bitch around the community and even blame everyone except themselves. Just keep fighting those negativity and I'm sure you can slowly gain back what you have lost. Again, this is a journey and not a marathon.
Short but quite inspirational story. You've made the right decision to continue walking on the path you've chosen. The trail would not definitely as smooth as you imagined but I know that it is all worth it when you succeed. Pain and losses were not pure miseries, actually they are blessing in disguise because they make us stronger investor and a person in general. There's a saying "What doesn't kill you make you stronger" 
.
I also lost a lot of money before (around $140 worth of btc) and I was so very upset because I'm facing a financial crisis that time. That amount already means a lot to me and I lost it for being greedy. Fortunately, I was able to survive my 4th year college even without it and here I am still trusting to crypto. I already learned a lesson and I'm doing my best for me to not commit the same mistake again.
I like explanation in the picture and that is really the process if a person wants to be successful.
The anime character used in the picture was already enough to represenst what OP's situation is like. If you are familiar with One Punch Man, he (Saitama) is the protagonist of it. He is just a weak normal guy at the beginning but started to dedicate his life on training and now become an invincible hero. His enemies only need to get one punch in order to be defeated 
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. I also lost a lot of money before (around $140 worth of btc) and I was so very upset because I'm facing a financial crisis that time. That amount already means a lot to me and I lost it for being greedy. Fortunately, I was able to survive my 4th year college even without it and here I am still trusting to crypto. I already learned a lesson and I'm doing my best for me to not commit the same mistake again.
I like explanation in the picture and that is really the process if a person wants to be successful.
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I recently lost a lot in my trading account, the portfolio that I was counting on that could generate me more money than I could hope for, but it didn't work out. I had to check out why it happened. I kept on losing money, and all I did was the wrong decisions.
I'm still waiting for the moment to have the experience to make things right, like the post by @GreatArkansas. It's a great thing to understand, but being attached to the feelings won't make the right ones. You have to be strict for yourself, and unluckily, I didn't follow on it. It's the saddest part.
I'm hoping to get back everything that I have lost, and maybe more discipline is needed. I have lost hope, but I know I shouldn't be that down, I should pick myself up and recover.
I'm still waiting for the moment to have the experience to make things right, like the post by @GreatArkansas. It's a great thing to understand, but being attached to the feelings won't make the right ones. You have to be strict for yourself, and unluckily, I didn't follow on it. It's the saddest part.
I'm hoping to get back everything that I have lost, and maybe more discipline is needed. I have lost hope, but I know I shouldn't be that down, I should pick myself up and recover.
Once you lost the confidence in your mind then it will definitely very hard to get back in your life again but if you try some effort to make it possible then you will feel better with confidence in this field also very quickly.
I like explanation in the picture and that is really the process if a person wants to be successful.
We keep learning everyday, accept our mistakes and improve it.
I can also testify that to my personal experience, I'm a kind of person who does not easily give up in challenges, and trading IMO
is a challenge, if we want to be successful, we have to accept that challenges and always believe that quitters never win.
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