Keep your loss at an acceptable level - page 6.

JoMarrah Iarim Dan

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Quote from: Lorokan on April 22, 2020, 06:31:29 AM

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Trading is risky. Losing and winning is a part of it. If you/we cannot afford to lose then trading is for you/us. As a trader we must knew on the market will go through or we must knew how to raleade charts because if not we can make decision that might be a cause of losing money. In that case, it is ourself to blame, not others nor the market

Buttercup123

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Quote from: Lorokan on April 22, 2020, 06:31:29 AM

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Accept and move on if you loss high profits on trading, many traders always hold there coin they think that it make them profit more but, suddenly it drops. When im trading i always trade it even i have have small amount of profit because you will never predict what will happen next on the market, i don't expect much to earn but still i earn. I also loss some of my profit this past but accept it and learn from your mistake.

murat131

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Im always using SL and usually setting less than 5% level

istiak2277

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Experts always say do not put your whole bucket in a single project and do not put that assets or money that you can not afford to lose. Crypto trading always a very risky place and the market is more volatile here than stock or forex. So a good trader always uses his stop loss so that he can bear the impact of market downfall. I quite trading after taking some big losses because of proper money management.

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Quote from: tabas on April 28, 2020, 03:31:35 AM

Life of a full-time trader is hard, they're prone to losses and sometimes they're more on losing than profit. I'm not a full-time trader but it's a fact that everybody should know. But it's part of their lives and they can maintain that kind of living, they're living in a risk.
They might seem to live like the gamblers but they know how to read charts and they can take losses as long as they do the right decision.

It is exactly as you say, it is very easy to imagine that if you become a trader you are going to get a lot of easy profits but in fact things don't work like that, in order to get anything out of the market you are going to have to study the markets for a very long time and most people are unable to make that kind of commitment to obtain those small profits, this explains why people despite all of our warnings keep losing money in the markets, they simply do not make enough efforts to understand them and in doing so it can only lead to failure.

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Quote from: ahmia39 on April 30, 2020, 10:43:04 AM

Quote from: MikeyVeez on April 28, 2020, 05:48:20 PM

You have to think about if the loss worth it, if it is not more safe to keep your hard earned bitcoins and altcoins in your wallet, rather then trading in a market what is manipulated, so it is hard to predict the next moves. Cry

Very true, if the losses we get are not commensurate with the capital we have spent, then it is better to keep our assets in the wallet, even more valuable assets such as Bitcoin and good Altcoin.

I think trading can suffer losses because it might not be able to control his patience to not sell it at cheap prices or get stuck in altcoin that does not have the potential or a good price movement because to be able to avoid losses just by choosing a coin that is good and potential and definitely emotional not to be easily influenced is an important factor for success in the world of cryptocurrency trading.

ahmia39

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Quote from: MikeyVeez on April 28, 2020, 05:48:20 PM

You have to think about if the loss worth it, if it is not more safe to keep your hard earned bitcoins and altcoins in your wallet, rather then trading in a market what is manipulated, so it is hard to predict the next moves. Cry

Very true, if the losses we get are not commensurate with the capital we have spent, then it is better to keep our assets in the wallet, even more valuable assets such as Bitcoin and good Altcoin.

MikeyVeez

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You have to think about if the loss worth it, if it is not more safe to keep your hard earned bitcoins and altcoins in your wallet, rather then trading in a market what is manipulated, so it is hard to predict the next moves. Cry

gundala

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Quote from: Lorokan on April 22, 2020, 06:31:29 AM

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Many factors affect price changes, even rumours can make the market chaotic, which is why in-depth analysis is carried out both technically and fundamentally. I have a friend who has been a trader for a long time, even though he has a lot of experience, good analysis, does not mean that he can profit at any time. Especially when there are news and unexpected events, the market moves not according to predictions. My friend always reminds me that being a trader requires experience and mentality.
Loss is one of the risks of being a trader, if you are afraid of losses then you will not be able to develop. So as much as possible learn the right techniques and strategies, do not rely solely on luck, let alone trading signals that are not clear.

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Quote from: nreal on April 28, 2020, 01:08:16 PM

That's because many traders are accustomed to not placing a stop loss, so turning to seeing their trading orders stop loss will make them uncomfortable psychologically. That is why there are still many traders currently holding losses.

This time it looks like the majority of traders have been using the stop loss feature. IMO this feature is not a new feature again and we can find that easily on so many exchange site. I think the percentage of traders have been facing a huge lose were very small. People can adapt to the exchange site easily.

arimamib

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blaming a factor cannot be said to be good, but if we do not know the mistakes that occur then the next trade will be a loss again. so I think more if you make a mistake then know the mistake and do self-improvement, for example, practice the ability again because when we blame a factor then there is no profit in the future.

ScamViruS

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Profit loss is a part of trading. The trader learns from the loss that he can realize where his mistake was. Which in the future helps to refrain from making the same mistakes. When he make profit, he finds out why the system works is there possibility that this system work in the future. And professional traders do market analysis before taking their position. Which increases their success rate.

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Quote from: Vishnu.Reang on April 28, 2020, 01:28:52 PM

Well... if you want to keep your losses to a bare minimum level, then the only solution is to adhere to strict stop loss levels. Actually it is the same strategy which is applicable with stock trading. The major difference between stock trading and cryptocurrency trading is that the coins are much more volatile and there can be considerable spread across various exchanges for the same pair.

I decided for myself to take into account all the risks associated with cryptocurrency trading on my own. And I buy cryptocurrency assets only at a very low price, for example, the price of Bitcoin is $ 5000 and below.

Vishnu.Reang

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Well... if you want to keep your losses to a bare minimum level, then the only solution is to adhere to strict stop loss levels. Actually it is the same strategy which is applicable with stock trading. The major difference between stock trading and cryptocurrency trading is that the coins are much more volatile and there can be considerable spread across various exchanges for the same pair.

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Quote from: Lorokan on April 22, 2020, 06:31:29 AM

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Before entering a trade I always have fixed percentage loss ie 3% of my portfolio is my risk in any event of a loss I am sure of losing small portion of my account while I ensured my reward is double my risk.
A loss in trading is normal however a sound money management and working strategy is the key to a successful trading.

Davian144

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Quote from: AD Node on April 28, 2020, 12:11:41 AM

It requires investors to study the market, keep themselves informed and updated about the shares, publicly traded companies and the behavior of the national and world economy itself, this is some knowledge needed to not lose more than you can afford.

Basically everyone can become an investor if someone has enough capital, so it does not have to depend on other investors to find a market information, because we ourselves also have an eye to see and read any market.

nreal

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That's because many traders are accustomed to not placing a stop loss, so turning to seeing their trading orders stop loss will make them uncomfortable psychologically. That is why there are still many traders currently holding losses.

tbterryboy

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Quote from: Lorokan on April 22, 2020, 06:31:29 AM

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

I am not understanding your point about traders not attributing loses to any factor Huh

? There are factors that makes the market to either fall or increase.

So, when you’re trading you have to pay attention to all these factors that can lead to the price going to one direction or the other, that way you will know what you’re doing exactly. And if you happen to lose your money while trading, there is nothing wrong with trying to figure out what resulted in the loss you encountered while trading. That’s the only you will be able to learn and try to avoid such mess in the future. I don’t know for you though, but I think this is what’s right that every traders must do.

rdewilde

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I agree with you, anyone who isn't ready for one or two losses should not go into trading, most times the market will go against what was analysed maybe because of news etc which might result in losses, the best thing to do in this case is exit and take a break instead of looking for what to blame, as that won't solve anything. Lastly, technical analysis also matters a lot and shouldn't be ignored or taken for granted, in addition, trade with what you can afford.

magnum cyber

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the most important thing in trading is that you must be able to manage your financial management properly and be prepared to accept every risk. every trader has a different strategy and sometimes it doesn't always work. so, my advice if you want to take part in this field, you need to use small capital to get started so that you also won't take high risks.

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