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Topic: Keep your loss at an acceptable level - page 8. (Read 1372 times)

full member
Activity: 1050
Merit: 100
April 23, 2020, 12:45:04 AM
#37
keep losses at a level we can accept? I think this step can be done by anyone, including old traders and new traders by trading using small capital. at least not experience a high amount of loss. it's important for anyone not to be greedy and be patient when trading.
Yes, that's right, but for old traders who are very professional and already have a lot of knowledge in trading, of course they will use a large capital when trading, because they already dare to make risks and no longer afraid to lose.
member
Activity: 746
Merit: 10
https://axiomapay.com/
April 23, 2020, 12:32:32 AM
#36
keep losses at a level we can accept? I think this step can be done by anyone, including old traders and new traders by trading using small capital. at least not experience a high amount of loss. it's important for anyone not to be greedy and be patient when trading.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
April 22, 2020, 11:50:01 PM
#35
no trader is perfect, anyone has experienced short-term investments and long-term investments. for me trading depends on patience, not greed, can maintain an emotional attitude, and it is important to always monitor the coins you trade so that you will not lose the opportunity to sell.

Even for a pro trader will get their loss too in trading. But if we can manage the feeling because of losing money in trading, we will accept the loss, and we will try to recover the loss in the other chances. We still have more opportunities to make a profit, and losing in one-time doesn't mean we cannot make another profit because, in the crypto market, we have so many coins that can help us to get another profit. So we need to try to trade for the different coin to have more chances and don't give up if we lose on that day.
sr. member
Activity: 1680
Merit: 263
April 22, 2020, 10:40:50 PM
#34
no trader is perfect, anyone has experienced short-term investments and long-term investments. for me trading depends on patience, not greed, can maintain an emotional attitude, and it is important to always monitor the coins you trade so that you will not lose the opportunity to sell.
hero member
Activity: 3010
Merit: 629
April 22, 2020, 09:38:32 PM
#33
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
Losing is part of trading and its unevitable though we can minimize it by having a well executed strategy and plan.

If you did the right step before going to trade then you will understand how it works and aware of what to avoid in order to prevent committing mistake.

If you didnt earn or succeed as a trader dont feel bad about it because there's always a way to improve, just accept if you happen to lose then use that experience to do better next time.
legendary
Activity: 2450
Merit: 1047
April 22, 2020, 09:30:27 PM
#32
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
People  should not be losing everything whether from trading and holding if they have done enough research it's when people investing in a new coin and doesn't do enough research that they lose everything they have, only invest what you can afford to lose and you will always in the safe side of the game.
hero member
Activity: 1750
Merit: 589
April 22, 2020, 09:23:37 PM
#31
It is the most probable and practical way that we must always do. Since we cannot barely predict if the trade we do will gain or experience loss, better we must control the way we trade so that if ever loss will associate, we can still be able to recover and strive using another way or strategy. We must maintain or keep the amount we exhibit and always think if loss will be present will we be able to foresee that we have just made a decision acceptable for the limited sources we have on our hands to be an  acceptable loss. If we will not keep the amount of loss that is just right for the resources we have, we will just encounter deeper loss that is unacceptable and regretful.
member
Activity: 845
Merit: 52
April 22, 2020, 08:52:12 PM
#30
Any market condition is an opportunity to good traders and a good researchers. I have made some losses in the last 2 months on binance, I decide to change my strategy by not chasing some Hyips and I am back on profit again. Discipline and firmness are key.
full member
Activity: 1442
Merit: 106
April 22, 2020, 08:15:13 PM
#29
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

it is always a thing of joy when your confidence in a thing comes from knowledge and not assumptions.  traders lose most trades, Yes but its also a part of the business but proper persona researchhelps minimise risk and also guides a trader on startegies to deploy in other to remain in the business but it doesn't always go the way traders plan always.
member
Activity: 840
Merit: 10
April 22, 2020, 08:02:05 PM
#28
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

Cryptocurrency price movements are very volatile and I think we need to be careful. Anticipating things that are outside the analysis are also needed, therefore we need to target profit or loss so that they are not too greedy or have too much loss
member
Activity: 322
Merit: 10
homt.net
April 22, 2020, 06:26:13 PM
#27
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 think being lose is normal.  Nobody will lucky all the time.  As traders we should consider win and lose as the normal thing in cryptocurrency world.  We must evaluate our self all the time,  because this world want us to be smart and wise.
jr. member
Activity: 714
Merit: 3
April 22, 2020, 05:37:25 PM
#26
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

A good trader should also know that not all loses are real and that is why recovering from them can be very easy.
Imagine if you are trading and you are losing in dollar value, most especially when the general market is going downtrend. in a situation like this, you might see that you are only gaining in satoshi value, which is a good way to later recover when the market is going uptrend again.
Updating yourself with happenings in the market will help to know what to do at every point in time.
member
Activity: 280
Merit: 43
April 22, 2020, 05:04:06 PM
#25
well if you are a trader don't be serious about making profit first. You need to learn what is trading.how this goes? Where should buy tokens.Then make a investment what you afford to lose.Don't put your all eggs in same baskets. O mean don't buy just one coin/token costing your all money.
sr. member
Activity: 644
Merit: 260
April 22, 2020, 04:14:03 PM
#24
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

Being a trader for a long time, I noticed that stop limit is extremely essential in every trade. Whether trading on spot or leverage, you need to set SL to reduce risk of massive dump or liquidation as the case may be. However, I don't fancy setting very tight SL as they always hit. Maximum loss I can take is 7%, I can't exceed that. Also I notice that sometimes stop limit do not pick, hence its wise to set an upper and lower limit thus increasing the chances of stopping you out. Risk management is very important for traders, without proper risk management you are a bad trader.
member
Activity: 1540
Merit: 68
April 22, 2020, 03:11:44 PM
#23
There is indeed a need to keep loss at an acceptable level. I believe every trader goes into a trade with a win/loss mindset but with a profit minded determination; which usually makes profits more than losses.

But still trading are personal decisions, and bar a good training, you could make lots of trading errors.

Never stop doing your research be it TA or FA
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
April 22, 2020, 02:05:31 PM
#22
It really depends what market looks like, if your entry was right at the top of peak you should accept your mistake and take the loss as soon as you can because downtrends can be long and deep so loosing 10 to 20 percent is better than loosing 80 to 90 percent.
One of the big issues I have with how many people trade is that they do not really have an idea of what it is an acceptable loss for them, so when they are faced with a loss instead of accepting as part of doing business in this market they keep holding their position thinking they can figure out a way to make that trade a winner instead of a loser, and this is a very dangerous attitude to have as a loss that could be manageable keeps escalating until it gets to the point of destroying your account and any hope you had of making profits in this market.
hero member
Activity: 1498
Merit: 506
April 22, 2020, 11:28:28 AM
#21
In Bitcoin there is not a small guaranteed profit or loss. The rate can change very quickly and at very high rates. When you can afford it, then its an option to invest in Bitcoins. If you want to play on safer investments, I surely do not recommend Bitcoins. But if you like the excitement then the Bitcoin is a great Roller coaster.
full member
Activity: 826
Merit: 104
April 22, 2020, 11:23:21 AM
#20
Professional traders are not afraid of losses in this market. They may lose money but then they will make more profit by their experience. No one in this market always wins, and they need not care about the market situation. They only need technical analysis and chart tracking to trade,
sr. member
Activity: 658
Merit: 268
bullsvsbears.io
April 22, 2020, 11:20:40 AM
#19
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
What you have to understand is that the changes that occur in the market are certainly a cause, indeed all traders do not have the right to blame anyone in this case, but they also must be observant and careful in dealing with the market situation at all times.
Things are unpredictable in this volatile market. Sometimes analyses won't work and what happens are the unexpected ones. I do agree with thr point that a trader should accept that one would not win always and there are simply times for losses. In trading, it is indeed important to observe, there are periods to which it would be best to do trading and times wherein it is not. But due to the sudden changes occuring in no particular time, periods turn into days only, shorter to be simple.
Of course, we can only play the cards that we have on hand.
The task of any trader to clearly understand why in one situation he earned, and why this did not work in another.
Losses are an inevitable part of trading; however, every mistake should teach you something, this is the path to wealth.
Losses should come with new learnings, indeed.

I disagree with you. We should not learn to accept our loss without attributing it to any factor. Losesicould be as a result of greed, no trade strategy or plan as well. When we I cure loss, we should trace the reason why it happened in order to avoid the same mistake again. Without identifying the root of our loses, we won't make profit.
No matter how we trace the root cause of a loss, there are times we cannot avoid such thing because volatility is in nature of this market, things cannot be predicted making it valid whenever losses occur or take place. Best thing to do is to just continue.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
April 22, 2020, 09:32:59 AM
#18
Certainly in trading must have experience first because with high risk who ever approached a trader with any market conditions we must know and there must be a deviation in the decline or pumping, therefore our skills in trading must be able to do the best we can because if we experience losses then it must be able to return again no matter how.
In trade there must be a way to recover from these losses.
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