I agree that every trader will experience losses, and there is no need to panic and stress when experiencing losses. Because losses are sure
to happen if we trade crypto, the most important thing is how we accept these losses and make the losses we experience as learning. In order
to correct every mistake we make when trading. Because in reality not all traders can accept when they experience losses, those who incur
losses usually blame the coins purchased. Even though sometimes the loss occurs because it is purely our own fault.
Therefore, when trading, you must make the right preparations, so that the strategy used goes according to plan and don't forget to always use
stop losses when trading. So that the losses we experience can be limited, and protect the capital we use for trading.
Topic: Keep your loss at an acceptable level - page 2. (Read 1368 times)
One of the things that causes more loss is what I call vengeance trading which means you want to recover your loss by all means anytime you have a losing trade. These things always result in more losses. The best thing to do is to accept any loss, cut your loss and move on to next trade.
of course all traders will experience big and small losses that is what is called an investment full of risks if we do not have the knowledge and mentality in the field of crypto investing it is better not to invest because the movement up and down so fast loss of assets will occur at any time
In case of any investment, professional investors check the investment situation in advance. So your knowledge will definitely play a major role in investing here. I have seen many traders who come to trade without gaining proper knowledge about trading and get out of the market with huge losses.
They would not have faced that loss if they had acquired the right knowledge in advance to trade.
of course all traders will experience big and small losses that is what is called an investment full of risks if we do not have the knowledge and mentality in the field of crypto investing it is better not to invest because the movement up and down so fast loss of assets will occur at any time
I wanted to let you know about this sentence: "A loss isn't a loss, till you hit the sell button."
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Wondering what you will say about the current situation of Ripple and also the recent attack on cover protocol. market movement on ripple has been on the declined and people has been selling off. there is no chance that ripple will survive. if you are a ripple trader and saw what is happening to ripple. will you hit the sell button or not.
what happens to ripple is more serious than just a normal drop event of any coin and if im involved in ripple i think im not going to think hard but i already found my selling before but he can respond different if he is faithful in his coins and besides we wont know what will really happen to ripple if we wont wait and see till the end of those chaos
and i heard that some ripple users will wait and wont sell and there will also exchange that will wait for more time before deciding if they are going to delist xrp or not, there still a chance i guess ?
yes, I would say that people easily experience losses when trading because they cannot control their emotions, are too greedy, cannot manage finances properly etc. it happened to myself, I learned from my mistakes, I am not an expert trader but at least I can minimize the risk of loss.
never invest more then what you can afford to lose and never forget to take some profits
I comprehend your point. We're human and not a robot that doesn't have any sort of feeling or emotions. Our believing, our feeling and assessment resemble two appearances of a coin. What number of traders disclose to you that they make a profitable order, make a few additions because of 'simply feeling fortunate' or based on their inclination? Clever when we make an awful request, misfortune then we accuse the entirety of our feeling and need to totally eliminate it. Despondency from misfortune become weight that makes us more cautious at later in light of the fact that we realize how suck it is
I wanted to let you know about this sentence: "A loss isn't a loss, till you hit the sell button."
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Wondering what you will say about the current situation of Ripple and also the recent attack on cover protocol. market movement on ripple has been on the declined and people has been selling off. there is no chance that ripple will survive. if you are a ripple trader and saw what is happening to ripple. will you hit the sell button or not.
your points are valid. there is no good trader that has not loose a substantiated amount of money in trades. there is no way a trader will win every trade 100%. personally i have lost countless trades. even 1inch i got free recently. i bought some token in the market hoping that a repeat of uni token bull run will happen but the reverse is the case. token has been plummeting since day one and liquidity providers are crying endlessly.
I wanted to let you know about this sentence: "A loss isn't a loss, till you hit the sell button."
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Here's the deal, you opt in for a trade and you pick a choice and then the market picks another way other the one that you predicted, selling because of the fear at that moment will put you in a loss, in the other side waiting and having a little bit of faith or patience could lead into a win. Put that in your mind always.
Being observant on the status of your funds is a must because you are seeking for earning and not loss so it is just a common thing that a trader himself must be aware to keep an eye on his own fund that it must be maintained at a acceptable loss level for exceeding on that can cause frustration and anxiety on the trader since we are talking about real money involve in here and that is a serious matter to be taken with. As a trader, you must know on yourself what is the acceptable level of loss you can endure to further decide what you suppose to do on that situation and to come on a decision to alleviate such suffering and make a move to manage your loss in trading. Loss is just normal but still you must deal on managing it as well.
Committing losses here in cryptocurrency was inevitable but the control and the amount of how much we are willing to lose was on our hand. We can't make sure that in our every trading, investments or gambling we can always make a profit out of it and that is why we should learned how to manage our emotions well so that we may not commit to much high risk that may result in an amount of loses that we can't afford to lose.
This is simply a part of trading guidelines and psychology. A trader doesn't look for revenge when you lose. You just need to focus and find more opportunities to make better profits. The more you keep looking for a way to revengde, the more you get burnt.
Revenge trading is the worst way to trade in volatile crypto markets, there are always opportunities on another pair in case of loss series. Losses are part of the game, accepting it is essential for long-term success. From my experience, being stubborn doesn't mean traders will able to recover the loss no matter which direction the market headed. Having an emotional treatment on the financial markets can be costly for the long-term goals but we are traders, not robots. Limiting the emotions at a minimum can be done in many ways, having a trading plan solves the mentioned problem, IMHO. 
Being observant on the status of your funds is a must because you are seeking for earning and not loss so it is just a common thing that a trader himself must be aware to keep an eye on his own fund that it must be maintained at a acceptable loss level for exceeding on that can cause frustration and anxiety on the trader since we are talking about real money involve in here and that is a serious matter to be taken with. As a trader, you must know on yourself what is the acceptable level of loss you can endure to further decide what you suppose to do on that situation and to come on a decision to alleviate such suffering and make a move to manage your loss in trading. Loss is just normal but still you must deal on managing it as well.
This is simply a part of trading guidelines and psychology. A trader doesn't look for revenge when you lose. You just need to focus and find more opportunities to make better profits. The more you keep looking for a way to revengde, the more you get burnt.
Trading comes with loss and profit. Every traders trading while making profit should also expect to make some loss sooner than expected. You cannot always make profit while trading, at times you win and at times you loss but make sure to minimize your loss because that is the rule of the game.
we ought to dissect first, so we know where the market moves, and we can choose base available circumstances. I generally state that the best benefit is cash that goes pocket. Consequently, the initial step should be to decide the cash to be lost and afterward the objective to be acquired should be resolved.
To be honest I don't really agree with the op about forgetting the factors that cause losses. There are several factors that are often the main problem with a trader's big loss, namely wrong decisions such as trading with shitcoin.
No matter what some people will keep holding, even I have found myself in similar situations many time where the hopes remain high and one just tries to absorb the stress of loss but at the same time hopes the price will recover sooner or later, this do work sometime but mostly I have seen that new coins are not guaranteed to recover fully.
This is how important it is to study the price history of an altcoin. Most of the new coins were initially pumped up to increase their popularity, while the background of the project itself was not very strong which made it unfit for high prices in the long run. The loss is very evident and a must for the trader but in crypto trading, you couldn't minimize or control while you go into the dip. Basically, if you are trading the top 20 or top 50 cryptos maybe you will get your previous price at which you had bought but for the crypto which is new and uncertain you never get back even your purchased price. So, be cautious while you are in crypto trading otherwise you will get into a severe loss.
Im confuse about your word that "loss is a must for the trader", isnt profit is a must for a trader, why become loss is a must? If u mean loss sometimes cant avoided, then i agree with u
Actually limiting my loss made me lose more in last 2 months. It don't mean that limiting your loss is a bad idea. My limit was just smaller. If you want to succeed with your long term crypto trading, place a larger limits. My limit of 17.5K (for bitcoin) were triggered twice last month while the price was mostly around 19K and after it sold all my coins at loss, the price is now hovering around 23K.
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