So traders, how much You lose? - page 14.

iamsange

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Quote from: Polo7 on November 18, 2019, 04:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

Im sure the Beginners lose coz of FOMO.

I lose because of panic, and glad not much feel FOMO. For me, although it is hurt, you know when trade with your friends and you miss moment and see your friend get profit in pump phase, sometime it can cause FOMO. But for me it is better to missed the train than lose because no one know when price will be dumped again. But biggest lose for me in trading is panic when i see coin that i bought keep down and take very long to bounce back.

Genemind

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I had my biggest losses when I was beginning in trading. I thought anything that I read or hear from experienced traders could possibly happen but I that was a mistake. Believing in people who are spreading fake news and rumours would only result in bigger losses in the future. That's the reason why we have to do our own research so we'll know how to deal with the market on our own.

wajik-tempe

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Quote from: avikz on November 19, 2019, 02:13:37 AM

If traders start to quantify their losses, that will become a source of demotivation! So, as a weekend trader, I don't really quantify my losses! My target is to make profit after combining the results of all trades of the day! I usually make around 8-10 trades every weekend and I try to remain profitable in the cumulative result.

From the trend I have seen that, around 30% of my trades go into losses! But I diligently track every trade so that I can pull out before it digs deep in my pocket!

Becoming a weekend trader is not really fit with cryptocurrrency market i think because the market movement are agile and it's hard if you only able to trade (buy and sell) just for the weekend, because sometime you have to hold your coin for a day or more and make sure watch the chart at least everyday to control your trades. But anyway it's a choice.

avikz

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If traders start to quantify their losses, that will become a source of demotivation! So, as a weekend trader, I don't really quantify my losses! My target is to make profit after combining the results of all trades of the day! I usually make around 8-10 trades every weekend and I try to remain profitable in the cumulative result.

From the trend I have seen that, around 30% of my trades go into losses! But I diligently track every trade so that I can pull out before it digs deep in my pocket!

adroitful_one

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Quote from: LUCKMCFLY on November 18, 2019, 05:23:53 PM

Quote from: Polo7 on November 18, 2019, 04:10:40 PM

~snip~

It is very difficult for traders influencers to say about their losses, they think it would be something negative for their audience, although many of them do not even do what they recommend, many just want to sell their courses.

Every trader loses, and even if you don't believe it, the whales often get it wrong and lose, but it is easier for them to recover their money than a common trader.

Losses are those that make you learn, when you lose in trading and you know why you lost, the trader learns from the market and takes more experience, knows that he made a move that was not correct.

Every trader can recover his losses according to the plan he has, and if he does not, he must completely change the strategy, there is a strategy that is very applicable, which is to do 3 trades, if 1 trade is lost, it can be recovered with the other 2 trades, this as long as you take a loss limit of less than 10% and a profit limit of at least 3 times what you put on, that way you minimize losses and always get positive.

See, the thing is, you can counteract those losses with the very next trade. If you lose 1% on a trade, then it's not a big deal. You just make another trade and earn it all back. Don't shoot for 3x gains on all of your trades. That's probably what your problem is. You only need to make an easy 2-3% profit on a trade and then move on to the next one. Don't get greedy with it. Those 2-3% add up quite a bit when you do that a few hundred times a week. If you're holding out for 3x, then you're likely not going to get that and if you do, it's going to be a very long time. There's a good chance I've already made that taking 2-3% profits on trades during that time. If not more.

Natalim

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Quote from: Polo7 on November 18, 2019, 04:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

I lose what I can afford to lose only, I treat trading like gambling when they are both risky.
I would say I am profitable but not all the time, but I am sorry, in terms of amount I think I cannot disclose it in public, I'd rather keep it my own.

Quote from: Polo7 on November 18, 2019, 04:10:40 PM

Im sure the Beginners lose coz of FOMO.

All of us started as newbie or beginners, so definitely we also experience this but important is we learn in the long run.

AliMan

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Quote from: Taskford on November 19, 2019, 12:08:35 AM

Quote from: skiorf on November 18, 2019, 11:48:39 PM

Quote from: marcous on November 18, 2019, 07:24:48 PM

That big loss has certainly happened, if counted by fingers I don't know and I'll not remember it.. but at least the losses we experience become lessons and experiences. for that sometimes I choose a little cut loss rather than a big loss or maybe by holding it. But it depends on what coins will be held. because we must be careful in choosing coins for the long term. If you only follow FOMO, it will be difficult to recover with a small volume.

Yes, you are right. I am sure all traders must have experienced the name of the loss, both large losses or small losses. because sometimes the price movements that cannot be predicted. and often I hear beginners incur losses due to FOMO because maybe he is dependent on others and does not learn the right way to trade.

There's no happy days always in tradings even you are an experience trader since for sure there is always a FOMO or major upset that can make us lose and newbies should think about that in tradings we cannot always earn since there are so many obstacles that needed to consider and they should always learn how to counter if they want to have a great advantage when they want to trade.

When there's an opportunity that we can trade while the hype is on, don't wait the price to crash badly. Grab the best price which could give you enough profit for your good tradings, and avoid any circumstances while waiting for another price bounce. I was on that stage of FOMO, same as the experiences of other traders who failed just because of wrong misconceptions, that lost me about $2000 last bullrun of 2017.

LouVandetta

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Quote from: Polo7 on November 18, 2019, 04:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.

I can only say it's too much to be counted for. Either daily, weekly or monthly, it's all the same, it left a bad after taste when losing some of your investment.
And ~~almost~~, I mean every traders have had its bad days in trading. Not only by newbies, experienced traders also lose part of their investment.
No matter how amazing you are with your research, it doesn't mean the markets will follows all of your predictions, specuations or things. Make that losses as your lesson, so you could avoid or at least minimize the losses so you won't regret your decision.

Beginners' losses mostly because their lack of knowledge about trading, that's why FOMO is like one of their their weaknesses.

skiorf

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Quote from: Taskford on November 19, 2019, 12:08:35 AM

There's no happy days always in tradings even you are an experience trader since for sure there is always a FOMO or major upset that can make us lose and newbies should think about that in tradings we cannot always earn since there are so many obstacles that needed to consider and they should always learn how to counter if they want to have a great advantage when they want to trade.

yes it's difficult indeed every day there must be FOMO, sometimes the beginner must keep it out of sight. must focus on the initial goal of profit, when you have done it to get an advantage it would be nice to take a break and wait for the FOMO to subside again.

Polo7

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Quote from: zeze18 on November 19, 2019, 12:16:59 AM

Quote from: Polo7 on November 18, 2019, 04:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

Im sure the Beginners lose coz of FOMO.

I was the beginner who always get losses because of FOMO even i've already earned much before, and i was always risk the money that i've earned and ended loss. But that was 2 years ago. Right now my loss is less than my profits in a montly interval Cheesy

My story is pretty much same

zeze18

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Quote from: Polo7 on November 18, 2019, 04:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

Im sure the Beginners lose coz of FOMO.

I was the beginner who always get losses because of FOMO even i've already earned much before, and i was always risk the money that i've earned and ended loss. But that was 2 years ago. Right now my loss is less than my profits in a montly interval Cheesy

Taskford

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Quote from: skiorf on November 18, 2019, 11:48:39 PM

Quote from: marcous on November 18, 2019, 07:24:48 PM

That big loss has certainly happened, if counted by fingers I don't know and I'll not remember it.. but at least the losses we experience become lessons and experiences. for that sometimes I choose a little cut loss rather than a big loss or maybe by holding it. But it depends on what coins will be held. because we must be careful in choosing coins for the long term. If you only follow FOMO, it will be difficult to recover with a small volume.

Yes, you are right. I am sure all traders must have experienced the name of the loss, both large losses or small losses. because sometimes the price movements that cannot be predicted. and often I hear beginners incur losses due to FOMO because maybe he is dependent on others and does not learn the right way to trade.

There's no happy days always in tradings even you are an experience trader since for sure there is always a FOMO or major upset that can make us lose and newbies should think about that in tradings we cannot always earn since there are so many obstacles that needed to consider and they should always learn how to counter if they want to have a great advantage when they want to trade.

skiorf

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Activity: 812

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Quote from: marcous on November 18, 2019, 07:24:48 PM

That big loss has certainly happened, if counted by fingers I don't know and I'll not remember it.. but at least the losses we experience become lessons and experiences. for that sometimes I choose a little cut loss rather than a big loss or maybe by holding it. But it depends on what coins will be held. because we must be careful in choosing coins for the long term. If you only follow FOMO, it will be difficult to recover with a small volume.

Yes, you are right. I am sure all traders must have experienced the name of the loss, both large losses or small losses. because sometimes the price movements that cannot be predicted. and often I hear beginners incur losses due to FOMO because maybe he is dependent on others and does not learn the right way to trade.

marcous

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That big loss has certainly happened, if counted by fingers I don't know and I'll not remember it.. but at least the losses we experience become lessons and experiences. for that sometimes I choose a little cut loss rather than a big loss or maybe by holding it. But it depends on what coins will be held. because we must be careful in choosing coins for the long term. If you only follow FOMO, it will be difficult to recover with a small volume.

LUCKMCFLY

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Quote from: Polo7 on November 18, 2019, 04:10:40 PM

~snip~

It is very difficult for traders influencers to say about their losses, they think it would be something negative for their audience, although many of them do not even do what they recommend, many just want to sell their courses.

Every trader loses, and even if you don't believe it, the whales often get it wrong and lose, but it is easier for them to recover their money than a common trader.

Losses are those that make you learn, when you lose in trading and you know why you lost, the trader learns from the market and takes more experience, knows that he made a move that was not correct.

Every trader can recover his losses according to the plan he has, and if he does not, he must completely change the strategy, there is a strategy that is very applicable, which is to do 3 trades, if 1 trade is lost, it can be recovered with the other 2 trades, this as long as you take a loss limit of less than 10% and a profit limit of at least 3 times what you put on, that way you minimize losses and always get positive.

Polo7

jr. member

Activity: 392

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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

Im sure the Beginners lose coz of FOMO.

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