Trader took his own life after the recent huge dump

molsewid

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Quote from: ivankoh on August 05, 2021, 08:35:31 AM

Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch

I felt bad about this sad news I hope those who have felt lose and still trying to figure out how to make up again i hope you're all doing fine. Losing in trading is normal and this truth shouldn't be taken for granted because acceptance to whatever may happen ahead or in future will be a big help for you to move forward and keep going on. Trading is not an easy thing that's why here we always keep on saying to take a risk to whatever you afford to lose.

Kelvinid

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when lambo...

Quote from: ivankoh on August 05, 2021, 08:35:31 AM

Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch

It is somewhat normal for those who are already aware of the consequences that we might get from trading (losing/gaining) but for those who haven't know, this was a nightmare, and like OP had shown to us, that might possibly happen when emotions can't be control anymore.

I was thankful that I could still control myself. I've been in losing sometimes but never in mind to think that way but instead, it helps me to find a way to get stronger and accept the fact that losses can be possible no matter how careful we are as sometimes we commit mistakes that cause losses. If can't manage to handle the stress in trading, it was best to stop earlier before we come into the point of taking our life.

geegaw

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Quote from: Xinarae* on August 05, 2021, 12:12:07 AM

It's a really sad story, taking such a step can't be anything bigger than your own life. If you want to survive in life not just for business you have to face many problems so don't give up the crypto market means its rise and fall it has huge dumps as well as pumps for this you need to have a positive idea about the market and control your emotions. Success is not achieved unless you can control your emotions and learn to deal with risk therefore, without sacrificing one's life one should try to recover the loss then business will become easier and market analysis will be easier.

Once decided to exist in this life, a peaceful day for each of us is really very little, that means every day for us is different happy and sad music, what we need to do is listen to every melody and emotion but don't put our soul in it because it's all just a page in our lives, holding our selves to a page will make us no longer see the future. Trader's life is also extremely long pages of history, losers cannot write their bios while survivors are winners, they can write biographies of life and they know mistakes and know the future and appreciate life and opportunities

ivankoh

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Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch

Karish2return

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As I say patience is very important in trading. You don't have the abilities of a good trader until you don't have patience. In trading everything is possible whether there will be some profit or as well as loss. So, we should be always prepared for both. And prepared ourselves mentally strong.

Xinarae*

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It's a really sad story, taking such a step can't be anything bigger than your own life. If you want to survive in life not just for business you have to face many problems so don't give up the crypto market means its rise and fall it has huge dumps as well as pumps for this you need to have a positive idea about the market and control your emotions. Success is not achieved unless you can control your emotions and learn to deal with risk therefore, without sacrificing one's life one should try to recover the loss then business will become easier and market analysis will be easier.

Cherylstar86

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Quote from: bitcoinst on August 02, 2021, 06:14:27 PM

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.

It was very sad, but I guess not all the people have this kind of perspective in life. When it comes to emotional aspects then each person was totally different. Some of them feels like it is already the end of their world when they experience such a huge dump and loss a huge amount of money. Some of them can handle those kind of situation but some also can't handle it which they decide to end up on taking their own life. It's very important for you to learn on how to handle or manage risk and be aware about everything. Prepared yourself of everything that might possibly happen, have knowledge on it and be patient.

Mahanton

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Quote from: CaVO32 on August 04, 2021, 07:40:01 PM

Quote from: bitcoinst on August 02, 2021, 06:14:27 PM

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.

Unfortunately, not many people have that kind of perspectives in life. Some really feel that it is the end of their world when they experience such loss especially if the money is not yours. So if in case you encounter the similar situation in life, you should know what to do. Don't be embarrassed to ask help from your family. You will be surprised what they can do to assist you with the situation.

When it comes to emotional aspect then each person would really be totally different there are some who can handle and there some who cant which would really be ending up on taking his own life.
This is why its really important on taking good risk management and be aware on what are the potential losses you can experience here on this investment because if you dont prepare yourself
then you would really be having this kind of problem.This is a very stressful kind of investment since we are dealing with unpredictable price and volatility of the market.

CaVO32

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Quote from: bitcoinst on August 02, 2021, 06:14:27 PM

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.

Unfortunately, not many people have that kind of perspectives in life. Some really feel that it is the end of their world when they experience such loss especially if the money is not yours. So if in case you encounter the similar situation in life, you should know what to do. Don't be embarrassed to ask help from your family. You will be surprised what they can do to assist you with the situation.

bitcoinst

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SmartFi - EARN, LEND & TRADE

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.

cryptolord2077

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A really sad story.
Unfortunately, not all of us are able to cope with stress, I remember stories of how during the financial crisis people were thrown out of the windows of skyscrapers because of loans and debts. Take care of yourself.
It's not worth it.

ChrisPop

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Not your Keys, Not your Bitcoins

That's sad man... Unfortunately, most people don't take into account or they don't want to see the emotional burden that is constantly put especially on newbie traders who are also more likely to take irrational risks as they are not yet in control of their emotions while trading. Even pros sometimes have trouble managing them, but they developed mechanisms to control that. That's the difference.

Trading is very similar to gambling if you don't approach it from a methodical perspective. Most of a trader's job happens off the trading hours. Documenting trades and analysing the markets and not pusing the buy and sell buttons randomly or taking positions that could terminate an account. And even if that happens, the loss of the account is not an "end of the road". It should be purely viewed as a lesson and opportunity to develop one's skills.

Cling18

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Quote from: Anamika1000 on July 23, 2021, 04:50:00 AM

Money is not everything in a sense we can say but taking the decisions which took your's and someone life will be a bad decision and it is. Trading is a risk as we can say and it gives you a profit too and a loss even sometimes. So, we should never lose hope.

That's the reason why we're always advised to prepare ourselves emotionally upon trading so we'll know how to handle situations like this. If we're emotionally weak then we'll surely feel hopeless or disappointed every time the market dumps. We could still earn money that we lose but if we'll take away our lives, we'll never have another one.

boyptc

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Quote from: Anamika1000 on July 23, 2021, 04:50:00 AM

Money is not everything in a sense we can say but taking the decisions which took your's and someone life will be a bad decision and it is. Trading is a risk as we can say and it give you a profit too and a loss even sometimes. So, we should never lose hope.

Due to the hardship of life during this pandemic.

Many people are looking for a way to recover as quick as they can since most livelihoods are being stopped and affected by the pandemic. But for the newbies.

You don't have to do leverage because you see others are making money on it, leveraging isn't for everybody. Even me, I cannot do attain to take risk on it.

Zilon

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Bitcoindata.science

The trader must have suffered huge depression after the dump its really a sad and ugly event. This is why In investments we are always adviced to stake what we are willing to loose and this also applies to trading. If he had applied risk management principle who knows the losses would not be much using stop loss to exit trade if trade goes wrong has saved my account severally. May his soul rest in peace it's a black moment for we traders I really feel for his family.

Anamika1000

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Money is not everything in a sense we can say but taking the decisions which took your's and someone life will be a bad decision and it is. Trading is a risk as we can say and it give you a profit too and a loss even sometimes. So, we should never lose hope.

awik p

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Quote from: cryptolord2077 on July 22, 2021, 05:28:06 PM

Absolutely right. Trading with leverage is always roulette if you have little experience.
It is good if you lose money immediately, much worse if you are lucky several times and consider that you understand how the market works and begin to make bolder moves, make larger deposits. The result is painful as always.

there are many such incidents, where novice traders have made a profit several times, and finally consider trading easy, so they dare to make a topup deposit. without him knowing that his arrogance and greed are the beginning of the great loss he will receive, and finally frustration befell him

cryptolord2077

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Absolutely right. Trading with leverage is always roulette if you have little experience.
It is good if you lose money immediately, much worse if you are lucky several times and consider that you understand how the market works and begin to make bolder moves, make larger deposits. The result is painful as always.

stomachgrowls

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Quote from: apityeh71 on June 01, 2021, 12:35:34 AM

In 2018 I lost alot of money because the market dumped, because I traded on spot market, so I decided to holding my all coins. While waiting for that, I did another job, then now I get it back all my money including the profit. So I suggestion for beginner trader, dont trade by use leverage and margin because that very dangerous, and there are no possibility to get back the money.

Leverage or Margin is indeed suicide but if you do just play along with minimal of 10x then i can say its a bit less risk but going 50-100x? thats really just like pointing out a gun into your head.

Dont play with fire if you cant handle up the risk and mostly noobs do get wrecked with future/margin on where they do really look after for the profits that they can potentially made without
looking the probabilities on how fast it would be when the market swings will just easily wipe out their capital.

Quote from: Murpheus on June 01, 2021, 01:16:13 AM

My people say 'when there is life, the neck will hang beads' leveraged trading is risky, investing overall is a risk, and one should know what they are jumping into, and should do so with spare money if it's too risky! So sad that he had to end his life, it's never easy to start from square one, have experienced it before, and I almost lost myself in the darkness of self pity, family is what kept me!! Sometimes a problem when shared is halved!!!

Its never easy to start on square one but doesnt mean that it would be over. You do have loved ones and relatives which can support you even though there might be some
criticisms but those things will just pass away.

Whats important is that you do able to recover up yourself into such wrekt but that would surely take some time.

Murpheus

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My people say 'when there is life, the neck will hang beads' leveraged trading is risky, investing overall is a risk, and one should know what they are jumping into, and should do so with spare money if it's too risky! So sad that he had to end his life, it's never easy to start from square one, have experienced it before, and I almost lost myself in the darkness of self pity, family is what kept me!! Sometimes a problem when shared is halved!!!

Topic: Trader took his own life after the recent huge dump (Read 818 times)