What to do if you lose $2,000 in trading? - page 2.

jigzaheedcoin

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Quote from: Fivestar4everMVP on June 26, 2019, 03:47:46 PM

For somone like me to lose 2000k dollars in a trade? I won't say it's not possible but it's very difficult, reasons being that I don't even have that much and secondly, it is only someone that doesn't know what risk management is that will lose that much in one single trade.

If that could happen most of the time losing to that huge amount, maybe I change another strategy of buying an asset then trade long terms. There's should be change in order to sustain and recover that $2k loss.

bettercrypto

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Quote from: Ucy on June 26, 2019, 04:31:11 PM

Nice tips. Portfolio diversification does not work well these days unfortunately. Most cryptocurrencies crumble when a big dip happens

Hopefully in future we will start having a crypto world with cryptocurrencies moving differently at their own pace.

That is right! Most of altcoins are dumping recently. I think many investors turn their head in bitcoin and ethereum. The good thing on diversification of portfolio is to lessen the risk. And I think it should not be more than 3 coins because more than of it will make us cramming. Unless, if we are a long term pro hodler.

Ucy

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Nice tips. Portfolio diversification does not work well these days unfortunately. Most cryptocurrencies crumble when a big dip happens

Hopefully in future we will start having a crypto world with cryptocurrencies moving differently at their own pace.

Fivestar4everMVP

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For somone like me to lose 2000k dollars in a trade? I won't say it's not possible but it's very difficult, reasons being that I don't even have that much and secondly, it is only someone that doesn't know what risk management is that will lose that much in one single trade.

Irvinn

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Apparently I got the wrong topic. I make trades in trade that do not exceed $ 500. It happened more in past years, but then there was less risk. For me, the loss of 2000 is practically a collapse.

rizkyfebrian213xx

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It really real value of that loss just on trading ? Damn.. around 2000$ its not small amount , with it you can make a lot profit if invest on some altcoins.
Well.. When I know cryptocurrency , I'm infrequently doing trading on my assets because I aware of risk on trading. And yeah.. one of them is topic on post here , loss big amount of dollars on trading.
But let me tell you.. I feel like this before , but not from doing trading but from hold coins. I just late to sell that coins and yeah , last high price is around 10$ , and price now is just 1$. If I calculate , maybe loss profit around 1000$ because late on sell coins.

TobiasVR

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losing $ 2000 I think is very heavy. but I will still get up and learn from experience. I will still try again by learning errors, I am optimistic that I can restore my lost assets to 2x if I can be consistent.

Nellayar

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Quote from: Moiyah on June 26, 2019, 01:19:07 AM

Well, I appreciate all you have posted here. I usually experiencing that kind of entry. Good thing I have stop loss but at first I lose huge amount of money, yes I have already learn my lesson and I have identified which area is wrong. Is it my greediness? My lack of knowledge? We can surely hit the bottom if we identify the problem. But that makes me to improve my trading skills.

All of the mistakes that we did can be changed. We can learn from our failures. But if we stop trading, we just saying to ourselves that we are loser. We just need to face the reality that we lose so that, we can make a better strategy.
Just like me, I am also a victim of greediness. I lose a lot back when I am starting to trade. But all of the struggles have been surpassed because my eagerness and determination wakes me to stand. So, now I learn a lot from trading.

Moiyah

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Well, I appreciate all you have posted here. I usually experiencing that kind of entry. Good thing I have stop loss but at first I lose huge amount of money, yes I have already learn my lesson and I have identified which area is wrong. Is it my greediness? My lack of knowledge? We can surely hit the bottom if we identify the problem. But that makes me to improve my trading skills.

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Quote from: joromz1226 on June 25, 2019, 05:08:22 AM

Well, that's a huge amount dude. Do you know how much does it here in my country? In that amount you can buy brand new motorcycle here, now go back to your question, if you loss 2, 000$ while in the field of trading it means there's something wrong with tactics mate, you must change it, so it won't happen again to you or else you can lose again more than that amount pal.

Your fundamentals needs to be checked losing such amount is already annoying so better to check and balance your system if you are still willing to recover back, chances is there for traders who can adjust and accept failures retrying by using other forms of strategy and avoid making same mistake again.

pundit

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Market teaches you something new everyday. If you have lost $2000 in trading, it must have bought you experience which will help you in becoming a successful trader. I lost many bucks in trading earlier, even in 2018 I lost around $8K when BTC crashed and luckily I purchased Pundix which almost recovered my loss, instead of selling PundiX there at that point I holded most of the coins resulting loss again. This is the rule of market sometimes you win sometimes you lose but how to cut your losses short and how to exit your profit trade that is an art which one can master from experience only. Basic trading principles are same, if you can trade stocks successfully, you will trade crypto with success as well.

Pom_bensin

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if I myself experience a loss of up to $ 2000 I will look for those mistakes by asking for help from professional traders, and I will vent myself to return to trading so that a loss of $ 2000 I can return to my wallet. I will not give up on that

Cherylstar86

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Quote from: DarkIT on June 25, 2019, 03:44:40 AM

Quote from: Aivaryamal on June 25, 2019, 02:41:34 AM

It all depends on your ability to wait and your decision at what price to sell the purchased asset, because bitcoin has already shown everyone that it can give a solid percentage of profit on the passage of a long-term period

well, trading is indeed such a place. You can lose large amounts of money in unpredictable times. if that happens to me, maybe I have stopped trading. well that is quite a lot of money. then I might do other ways to make money, of course in a safe way.

Being wise is precisely good and appropriable way to overcome loses, due of high market volatilization the value of some coins are fluctuating and it difinitely unpredictable. Tading is too risky to deal off and have to be aware about its consequences. And if I will experience massive loses, I should quit and find legible job that can provide my necessities

joromz1226

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Well, that's a huge amount dude. Do you know how much does it here in my country? In that amount you can buy brand new motorcycle here, now go back to your question, if you loss 2, 000$ while in the field of trading it means there's something wrong with tactics mate, you must change it, so it won't happen again to you or else you can lose again more than that amount pal.

DarkIT

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Quote from: Aivaryamal on June 25, 2019, 02:41:34 AM

It all depends on your ability to wait and your decision at what price to sell the purchased asset, because bitcoin has already shown everyone that it can give a solid percentage of profit on the passage of a long-term period

well, trading is indeed such a place. You can lose large amounts of money in unpredictable times. if that happens to me, maybe I have stopped trading. well that is quite a lot of money. then I might do other ways to make money, of course in a safe way.

Aivaryamal

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It all depends on your ability to wait and your decision at what price to sell the purchased asset, because bitcoin has already shown everyone that it can give a solid percentage of profit on the passage of a long-term period

rose9696

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I'm having the same situation with everyone. I'm losing over $ 1k8 and waiting for WPP's value to rise again.
I was stupid to believe and bought them at too high prices, $ 0.01. And now, everything seems to collapse and its price is only fluctuating at $ 0.0007 and almost no one buys or sells.
But selling now is not a good idea. I will wait until the price increases and sell them for $ 0.01.

futureofeth

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If you lose 2000$ in trading means, it is better to hold the coin as long as possible until the coins start increasing again because many people will sell the coins for cheap prices. So it is not a good idea to sell them for cheap, definitely, there is a chance for some potential to increase their prices along with the market recovery.

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Quote from: Thanasis on June 24, 2019, 02:44:32 PM

First you need to believe that you can earn what you lost in the previous trade, the last amount depend and the capital you invested so if you think it as a percentage then it will be helpful for you to understand and think what you have to do to earn it back.

Believe you can make profit from your next trade is good thinking, but believe you can earn what you have lost before isn't a good thing. You will always chasing your losses before and you will become greedy if you didn't recovered all of your losses before.

Hemady17

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Quote from: sheenaedago on June 23, 2019, 08:05:07 PM

That's a huge amount of money to lose for trading, it's somewhat a kind of a gambling betting amount to waste. Probably if I myself would be into that experience I couldn't handle another scenario of putting my money at risk. I need to move up and recover that loss for soonest possible time of trading my altcoins.

That is just an example, buy who knows? Many people do not know when they are losing. That is due to the lack of knowledge in trading. Some of us trade without further learnings. Yes, it good. But in some ways, I treat it as bad habit. Before entering any fields, we should have backgrounds or ideas. Because if we apply the term, experience is the best learning. Probably, we lose 2K dollars first in trading, before we earn.

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