Topic: Losing in trading needs questioning (Read 594 times)
Failing in trading is a normal thing, but if you fail continuously and don't leave anything behind then something is wrong with us and we need improvement from before, whether it's with the strategy that we use or how we control our emotions in trading. Trading teaches us to learn and keep on learning in following this ups and downs crypto market. Therefore, it is said that not a few finally give up on their failures. If we want to reflect and be aware of the mistakes that have been made yesterday, then we can learn from those mistakes and improve them so that we can be even better at trading in the future.
I am a supporter of the idea that losses require one thing - working off. It is necessary to assess the causes of losses to prevent such errors in the future.
There's no such thing as perfect trading so losing will always be part of it. It isn't always a lucky day so we must always be ready for failures in trading because even technical analysis professionals fail sometimes. It's all about mental conditioning and a proper mindset. We should always keep in mind that crypto trading is risky.
Trading sound simple and doable but the reality if cryptocurrency trading is a bit complex. And like the popular saying goes, Everyone in cryptocurrency are not. That doesn't mean they are not making profit from time but is having their expectations met! Reflecting, questioning are all part of post trading analysis and this is how you get to familiarize yourself with strategy that works for you!
Come to mind that making mistakes or errors is really part of the process on learning things here on trading career.It does really give out or normally be generating that kind of question which could really be answered outby actual or real experience which would really be done by you.You should really mind off that losing is inevitable but lessening the probabilities is really that possible but of course it would surely takes time and effort
before you do able to attain such thing.It is really depending or varying on someones own awareness and perseverance on learning up things.
Trading sound simple and doable but the reality if cryptocurrency trading is a bit complex. And like the popular saying goes, Everyone in cryptocurrency are not. That doesn't mean they are not making profit from time but is having their expectations met! Reflecting, questioning are all part of post trading analysis and this is how you get to familiarize yourself with strategy that works for you!
I am a supporter of the idea that losses require one thing - working off. It is necessary to assess the causes of losses in order to prevent such errors in the future.
From the losses, we tend to learn so many things and those lessons help us to make a better trading decision in the future, what any trader must understand is the fact that no trader no matter how expert there are who don't experience losses sometimes. Even the pro traders lose a sometimes bit at every stage we should evaluate our actions to see where we get things wrong. I have seen many persons come here to lament of them losing one or two funds in trading which is very obvious and need questioning of how and where they learn there own trading skill from. I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.
Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
I agree with you, infact I think even winning should be questioned, every trade that you make should definitely be questioned, this is why good traders always recommend trade journals, these journals help you keep record of all types of trades, whether good or bad and most importantly help you record the reasons for the same so that whenever you encounter the same situation once again, you know what to do and what not to do. Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
I hear of newbie traders who rush to margin trading, and some of them even do it with high leverage. Why won't they lose. They hear of what profit other traders (experienced ones) make from margin trading and think it's that easy. They rush in and are expectedly scourged. For such traders I don't have any sympathy. They allowed their vaulting ambition of trying to hit it big overpower them. Trading isn't a get rich quick thing. It takes time and patience to nurture success in trading. I don't even have to overemphasize that.
I faced the same thing back when I was working in crypto trading bots and all. I have seen so many people who got burned and they wanted to test trading bots as a way to get out. I rarely ever sold to them, I just need them to understand that trading bot will not magically make you money.It is always about how well you can trade, and then you could use the same concept and tell your bot to trade the way you normally would. If you lost a lot of money on any way, like spot or leverage or whatever, then you may lose money with the trading bot as well. I have seen a guy who lost 20% in 10 minutes, that was the quickest by far and never seen that big again.
I am a supporter of the idea that losses require one thing - working off. It is necessary to assess the causes of losses to prevent such errors in the future.
There's no such thing as perfect trading so losing will always be part of it. It isn't always a lucky day so we must always be ready for failures in trading because even technical analysis professionals fail sometimes. It's all about mental conditioning and a proper mindset. We should always keep in mind that crypto trading is risky.
I am a supporter of the idea that losses require one thing - working off. It is necessary to assess the causes of losses in order to prevent such errors in the future.
Their are many things that cause lose often in trading , greed is the most common cause of traders even when their is enough skill, trying to make all the profits in everyday is very risky that can end one in losing everything, a trader should have target for every trade but not having target of making all the profits in every trade. Lack of good skill in trading can also be the cause in a trade , it is always advisable for traders to learn new strategies in trading.
When you enter a trade with predetermined Take Profit TP and Stop Loss definitely greediness would have been taken of, however a lot newbies with a mindset of enriching themselves trading cryptocurrencies always resulted to losing all their portfolio, an experienced trader with a working trading strategy always take profits appropriately knowing how high the volatility of cryptocurrencies are, an already profitable trade always reverses if profit is not quickly taken due to greediness, this is I had personally experienced while trading. It is possible to loss all your trading capital even when you have the right skills and information. Losing it all can happen because of greed. Greed is the only character that will make one trade future on a very high leverage. No matter how skillful you are, if the market goes against you, you may lose it all.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
I disagree on this logic, If you have a really good skills, How you can possibly missed the important aspect of trading which is risk mitigation. A good trader always trade without emotion and always setup stop loss in every position they are opening. They are also using low leverage sufficient to avoid premature liquidation due to the price volatility. A trader that can’t manage the risk of his trading properly can’t be considered as a good skilled trader.
Their are many things that cause lose often in trading , greed is the most common cause of traders even when their is enough skill, trying to make all the profits in everyday is very risky that can end one in losing everything, a trader should have target for every trade but not having target of making all the profits in every trade. Lack of good skill in trading can also be the cause in a trade , it is always advisable for traders to learn new strategies in trading.
It is possible to loss all your trading capital even when you have the right skills and information. Losing it all can happen because of greed. Greed is the only character that will make one trade future on a very high leverage. No matter how skillful you are, if the market goes against you, you may lose it all.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
Not just greed, also because of lack of knowledge. Many newbies are trading impulsively, because they envy their friends who are making a lot of money already in trading. They wanted to take shortcuts, but it's not like that, every successful traders climbed the ladder of being professional. Losing is normal, not evolving is not, that's why instead of frustrating in your mistakes, make it as your steppingstone.
It is possible to loss all your trading capital even when you have the right skills and information. Losing it all can happen because of greed. Greed is the only character that will make one trade future on a very high leverage. No matter how skillful you are, if the market goes against you, you may lose it all.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
The market changes alot, on a bad day, the market may decide to fault all your strategies and make you to become a successive losser. It is there good to trade with caution.
Research on the analysis itself is indeed needed, where we have to correct every transaction, not only when we experience losses, over time we will understand the movement of market reactions so that we can determine more accurate targets and if necessary place a good stop loss. indeed this cannot be done in a short time, we will meet various problems which actually make us smarter in responding to the market, open the other way around
Research on the analysis does not make sense, you are doing research to set up the analysis of the market. You can only order a transaction not correct them once they are executed. Of course you can learn from such mistakes if they happen. In short run, you might be making more losses or some get stuck in price movements that cannot seem to end. The key here is to keep patience and observe how the market moves and then place the opposite order.
It takes time to be able to profit from the market. Start with dummy trading and stay fixed on it for some months before starting real time trading again.
I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.
But of course, that's highly possible. I hear of newbie traders who rush to margin trading, and some of them even do it with high leverage. Why won't they lose. They hear of what profit other traders (experienced ones) make from margin trading and think it's that easy. They rush in and are expectedly scourged. For such traders I don't have any sympathy. They allowed their vaulting ambition of trying to hit it big overpower them. Trading isn't a get rich quick thing. It takes time and patience to nurture success in trading. I don't even have to overemphasize that.Quote
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
That's the right attitude when one begins to incur losses in trades. Take a break and reflect on your trading plans instead of stubbornly trying to take revenge on the market. The market will always remain the master and will easily beat anyone at it any given time. As traders, we should always learn to listen to the market. Frequently asking questions and looking for lessons from losing is a good thing for anyone, in trading there are many things to learn and if we never want to hear advice from experts and rely on instinct then we will often make the same mistakes or lose, keep trying and not be afraid losers are the type of traders who will be successful in the future.
There is never a stop in learning when trading, that is the important part that we need to realize, if you are doing something that is just ignorant and keep on trading even while you are losing then you are not going to be able to make a profit. However if you lose, and then go back and see where you did wrong and how could you avoid to make the same mistake again then you are going to be making a good profit out of it for sure.This is how I approach crypto, by basically doing something that would be making a good profit for myself by checking the losses and learning what type of mistake I did, mostly it is a miscalculation so it is tough to fix that, but at least I know the reason.
Frequently asking questions and looking for lessons from losing is a good thing for anyone, in trading there are many things to learn and if we never want to hear advice from experts and rely on instinct then we will often make the same mistakes or lose, keep trying and not be afraid losers are the type of traders who will be successful in the future.
I have a question why you sell when the market is down? There is no loss if you aren't selling the cryptocurrencies you have but most traders do such mistakes and that is why they are not in the successful way. Be ready to lose is important in crypto trading but don't lose it all at once just rethink the strategy according to the situation or atleast have the stop loss feature to save from huge loss. I have seen many persons come here to lament of them losing one or two funds in trading which is very obvious and need questioning of how and where they learn there own trading skill from. I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.
Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
Questioning yourself on the cause of your frequent losses and assessing your trading skills will help you manage the risk in trading. And as much as possible, learn from all your mistakes and losses so you won't keep doing the same mistakes again. I guess losing once or twice is very usual, but seeing your trades end up in frequent losses should already warn you that there's something you need to change on how you trade. Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
Frequently asking questions and looking for lessons from losing is a good thing for anyone, in trading there are many things to learn and if we never want to hear advice from experts and rely on instinct then we will often make the same mistakes or lose, keep trying and not be afraid losers are the type of traders who will be successful in the future.
You should really be that open minded when it comes to learning possibilities on various ways which is common came from your own mistakes on where you would definitely learn from thatso that in next time you would really be aware on how things do works or behaves and its true that it isnt bad to snip out some things on experts or experienced ones when it comes to trading
ideas and analysis.Just be sure that you wont really be relying on that and theres nothing better on creating your own rather than relying.
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