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Topic: What to do if you lose $2,000 in trading? - page 15. (Read 13186 times)

newbie
Activity: 154
Merit: 0
How did you lose $2000 in trading? Did you sell your coins already? If you haven't sold it yet, you cannot considered it as losses. You will only lose once you sell your coins. If you see that your portfolio is in red and everything went down, just keep on holding your coins because it will eventually recover from those dumps.
Yes, his question is not really clear, if we lose, we sell the coin out, and the loss is when we are still holding the coin. These are two completely different things. But losing or losing is a lesson for him. Let's draw on experience in the market if next time encounter this problem.
member
Activity: 238
Merit: 10
Those that think that trading is easy are probably going to be the ones that lose all their money, in order to make money in trading you need to have a very deep knowledge about the markets. Crying would not solve any problem but rather try to see how you missed it and see how you can make amendment next time. It is a market and there would always be series of chances
member
Activity: 294
Merit: 10
For sure it is wise not to take sudden decision as if today you unfortunately lose some of bitcoin don’t be hurry to sell remaining as it is your careless that you will lose otherwise there is no any chance to lose that much in bitcoin. Losing is natural, although you have to be more practical when you are trading. There might be some instances that you'll lose a lot of money because of a certain mistake in what you are doing
member
Activity: 224
Merit: 10
We should take this a learning pattern, each time you lose don't get negative right away, you should build new plan and create strategy, as far as dealing with trading the volatility always give us reactions. Loosing money in trading is a sign of faulty strategy. Loss in the trading is a signal that we should look back and try to see what went wrong, the time and decision to hold or sell, long term and short term trading
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
2000 USD, which you loose, is nothing. Many traders loose hundreds and thousands USD each day, plus banks loose a lot of money in Forex trade too. Any experienced traders know, that only with experience you can make profit, plus even then you can loose too.  Grin

If you have over than $10.000 in your trading account, here $2k is not a big deal for you. It can be lost anytime, it can be won anytime. It's like 20% compared to your whole budget, I mean.
If you do have it, this amount can be recover if you will focus more, but if you don't have that enough capital then I can say that this value is really a huge loss, we are inside crytpo we don't have any control and we can't blame anyone but our own self alone, we do write our fate and we really need to be more keen learning things in a different ways, that loss can't or can be recover with knowledge and determinations and add some additional skills to enjoy your journey to this wild world of cryptos.
sr. member
Activity: 476
Merit: 250
2000 USD, which you loose, is nothing. Many traders loose hundreds and thousands USD each day, plus banks loose a lot of money in Forex trade too. Any experienced traders know, that only with experience you can make profit, plus even then you can loose too.  Grin

If you have over than $10.000 in your trading account, here $2k is not a big deal for you. It can be lost anytime, it can be won anytime. It's like 20% compared to your whole budget, I mean.
sr. member
Activity: 1512
Merit: 316
This is of course a very useful article, but I have my own opinion on this. If you lose when trading, you need to wait.

The very first step is to identify why did you lost it. Was it due to lack of knowledge , due to greed or due to some wrong reasons you have lost. Secondly after identifying do you have spare money again to do trade and in case if you lose again will you be able to sustain and if yes then you can do trading again and see how it goes.
sr. member
Activity: 435
Merit: 251
2000 USD, which you loose, is nothing. Many traders loose hundreds and thousands USD each day, plus banks loose a lot of money in Forex trade too. Any experienced traders know, that only with experience you can make profit, plus even then you can loose too.  Grin
full member
Activity: 434
Merit: 100
That's a huge money to be lost easily and considering that it's a hard-earned money is very painful to think. If it happened to me, I would try investing again but this time it is going be a smaller amount and I will slowly recover the losses that I had by trading much more careful and with more patience.
sr. member
Activity: 882
Merit: 251
If I loss that much money, I won't stop trading then I will try to recover my losses and learn from my mistakes.

I used to lose big sums of money but it really did not stop me. That time I simply took a small break to think over all the mistakes that were done. Then I returned to trading and returned the money.
full member
Activity: 392
Merit: 101
I think that different strategies a lot and this topic is more intended for beginners. I have on similar schemes the strategies are available. But I won't tell them.
sr. member
Activity: 672
Merit: 250
In order not to lose money in trading with cryptocurrency, first of all, a beginner trader should study the technical and fundamental analysis of trade, he must also follow the news on the cryptocurrency market and start trading with a small amount of money to gain experience.
I will continue trading in cryptocurrency because I think loss and profit is part of this game and you should not to be panic about any deficit. Quitting means that you have no guts to recover your lost money, and I believe that if I lost in cryptocurrency I will regain it from this trading and will never quit. Consistency and patience is mandatory in this world.
newbie
Activity: 46
Merit: 0
You need to put aside another two thousand, invest them again in the cryptocurrency, and lose them again.
full member
Activity: 378
Merit: 100
The Premier Digital Asset Management Ecosystem
I myself do not trade much, but it seems to me in trading as in gambling - you need to be able to stop, pause. It does not matter whether you won or lost. Determine for yourself the amount of the day - for losing or winning. And do not exceed this threshold.


And most importantly, never try to get it right away. It will ruin you, you will act on your nerves, on emotions, you will not be able to assess your actions sensibly.
full member
Activity: 378
Merit: 100
The Premier Digital Asset Management Ecosystem
I myself do not trade much, but it seems to me in trading as in gambling - you need to be able to stop, pause. It does not matter whether you won or lost. Determine for yourself the amount of the day - for losing or winning. And do not exceed this threshold.
full member
Activity: 490
Merit: 115
member
Activity: 505
Merit: 35
...and finally, once YOU HAVE lost $2000 in trading, make a post on bitcointalk where you explain all the mistakes which you have done, and get 22 Merits in return. Smiley That's not exactly like still having 2000$, but surely it helps Smiley

Sarcasm at it’s finest my friend. That’s how expensive is the merit to get this day. Price of merit as of the moment is $90.91 dollars per merit to be exact. I think you need to lose $4,000 USD to double my merit earned. Seriously this kind of post should not be replicate by the others. It so offensive, have a little sympathy to others most especially those people got burned in trading.
newbie
Activity: 134
Merit: 0
I think you need to learn more before investing. This will reduce your losses. But before learning to invest, I think you should be prepared to lose money before you make a profit.
sr. member
Activity: 448
Merit: 281
full member
Activity: 297
Merit: 100
Losing two thousand US dollar is so sad to happen but you can use this as a motivation to do well and learned from it or they called it as a lesson learn to be much better trader and decision maker  in this business and industry  to be one of the successful.
Losing of your money whether it is 2k $ or 20k $ is not a good thing as it makes you feel bad and that it takes away all your energy from you. in case you ever suffer some loss, the first thing which you must do is that you need to stay in your senses and that you need not to lose control over your emotions. Just stay firm and plan something better which can then help you in recovering that loss.
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