What to do if you lose $2,000 in trading? - page 29.

Hemady17

member

Activity: 505

Merit: 35

Quote from: Similificator on February 22, 2018, 09:02:28 PM

Great post op, but do you know what the biggest enemy of every investor is? It is not in any of what you have mentioned. Because clearly, it is one's self and nothing more. You see, all this can be prevented if one does not let greed get the best of him. Of course, it is okay to be greedy sometimes but everything in this world needs moderation because just like what everyone says, too much of anything is never good. Don't get me wrong, I ain't saying we have to be perfect or that it isn't right to make a mistake or fail. What I am saying is that you don't have to fail to learn when there are already a lot who failed before you. Again, one's self is the enemy, unless you learn to take full control of the whole you, reqding will be less tiring and any other necessary and unnecessary traits will be easier to control.

Just a simpe opinion.

Edit : Thanks for this post, it really is refreshing to see more possitive and motivational posts in the see of FUDS and negativities. Gave you a merit by the way because you deserve it.

I totally agree with you, I really miss out also the greed factor. If we do not control ourselves to aim for more, the end results would be further damaging. Being objective during trading process will help you execute the play you have already set.

chengyinoing

newbie

Activity: 252

Merit: 0

Cryptocurrencies are volatile and do not trade in panic.

When the market is getting cheaper, most people are panicking about the price. In this case, people should hold on to the coin to keep the price of the coin until the price of the coin goes up.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: spiker777 on February 20, 2018, 03:11:04 PM

So if I lose $5,000 I should just ignore everything you said?

In any case, trading losses are only a true loss when actualized by converting to fiat. If you never convert, you never lose.

If you never convert, you never lose. I so much love that. Some people don't usually consider that anyway and they let their emotions and panic rule them until they make a mistake.

Patience sometimes after you have lost so much and then finding a way to strategize is always the best option for every trader. We cannot always have it all, but as long as you understand what you are holding and you know a market cannot keep going down forever except for a dead shitcoin, then you should have nothing to worry about. Well said, mate !

hacker1001101001

sr. member

Activity: 1288

Merit: 415

Yes, trading is really a risky way for earing but it can be profitable if you have good experience and just belive in altcoin rather than just investing in BTC. Altcoin are really very profitable in trading as per my experience more than BTC or ETH. I think a smart trader will never invest all his money in just one coin he will invest in many high potential coins in the market which makes the probability of profits very high.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: mason13 on February 22, 2018, 09:26:20 AM

Quote from: Celebrity on February 22, 2018, 08:48:58 AM

Quote from: koryu on February 22, 2018, 05:17:54 AM

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

That depends mainly on country. For most Europeans 2k$ is nothing. For indian people thats huge money...

for some european $2k maybe not too big money because their salary is more than that every month, for a middleclass person in asia maybe $2k a sizeable amount, btw get loss from trading it is a normal thing because it is a risk on trading, if you cannot accept the loss you should use capital that suits your ability mate, don't use all your money because in trading losses is a normal thing

amaterazu

jr. member

Activity: 407

Merit: 3

Wow that's a lot of money. Please learn from mistakes and find out what is your mistakes. Do not be greedy because greediness could lead us to loss. It is better when you gain a little profit but a lot of quantity than a lot of profit but more losses.

Adrin

member

Activity: 294

Merit: 10

In my trading history i am never lost $2,000 because when I started my trading, at first I am analysis coin then I can start trading that's why I am not loss any amount. If i loss on that time i stop my training around the week then I again recharge and analyze what is my fault and why I am lost with trading Then found and again start trading.

Similificator

sr. member

Activity: 882

Merit: 403

Great post op, but do you know what the biggest enemy of every investor is? It is not in any of what you have mentioned. Because clearly, it is one's self and nothing more. You see, all this can be prevented if one does not let greed get the best of him. Of course, it is okay to be greedy sometimes but everything in this world needs moderation because just like what everyone says, too much of anything is never good. Don't get me wrong, I ain't saying we have to be perfect or that it isn't right to make a mistake or fail. What I am saying is that you don't have to fail to learn when there are already a lot who failed before you. Again, one's self is the enemy, unless you learn to take full control of the whole you, reqding will be less tiring and any other necessary and unnecessary traits will be easier to control.

Just a simpe opinion.

Edit : Thanks for this post, it really is refreshing to see more possitive and motivational posts in the see of FUDS and negativities. Gave you a merit by the way because you deserve it.

doedz

hero member

Activity: 1106

Merit: 502

Quote from: Strongkored on February 22, 2018, 11:58:03 AM

I have experienced a loss of more than $ 5,000, that affect my mentality, so I choose to stop for a while and start trading again 1-2 months later, and act more carefully.
Loss huge or tiny is depend your capital.

too long a break from trading makes your losses bigger, because you can not recover your loss quickly.
The trade should be done again in the near future. Rested a week I think enough to restore mentally again.

cicciobtc

legendary

Activity: 1148

Merit: 1001

Quote from: MV7 on February 20, 2018, 02:28:38 AM

Quote from: Nellayar on February 20, 2018, 01:29:27 AM

If you lose $2,000 worth of cryptocurrency, then there is a problem to you. Check first yourself if you have capability in trading because if you will continue what will you do, it may lead to total bankruptcy. Unless, you are a millionaire.
Trading is a risky way of earning, you may gain or lose money. If you will enter the world of trading, be wisely and knows every side wether dump or pump of the coins you hold.

If you're taking major losses constantly, then yes, it is definitely time re-evaluate your trading habits.

However, a 2,000 loss often isn't that big of a deal. For example, I think most traders lost over 2k during the recent correction, but most of us still believe the prices will increase eventually.

sometimes it is normal that there are losses it is impossible to always make profit.
If instead the losses are the rule then there is some problem!
if the $ 2,000 was all the capital invested then it is necessary to study a bankroll management plan and above all a mindset management

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Hemady17 on February 20, 2018, 12:59:22 AM

There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes.

If you take the first course of action before investing,then you wont end up in this situation.If you are planning to invest make sure you know everything about the project and the team behind it,having a loss of $2000 depends upon the amount of investment you have made as the crypto currency market is really volatile and if you are holding even one bitcoin, a change of a couple of two thousand dollars can happen when the market goes down. The strategy is different when it comes to each and every coin apart from bitcoin.

Saidmod

sr. member

Activity: 659

Merit: 250

Quote from: Strongkored on February 22, 2018, 11:58:03 AM

I have experienced a loss of more than $ 5,000, that affect my mentality, so I choose to stop for a while and start trading again 1-2 months later, and act more carefully.
Loss huge or tiny is depend your capital.

Now there is more much losses coming from the altcoins. The loss depends on your capital and what coin did you bought, i lose more than 1btc more or less, thou im not worried so much because i know what coins i bought and its potentials.

Hemady17

member

Activity: 505

Merit: 35

For healthy discussion purposes I love to hear your side of story. What will you do if you loss X amount of money in trading. I share mine then it is fair to share yours. I encourage healhty criticisms let us maintain objectivity as much as possible.

Alijiindahaus

member

Activity: 406

Merit: 11

Quote from: mason13 on February 22, 2018, 09:26:20 AM

Quote from: Celebrity on February 22, 2018, 08:48:58 AM

Quote from: koryu on February 22, 2018, 05:17:54 AM

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

That depends mainly on country. For most Europeans 2k$ is nothing. For indian people thats huge money...

I fully agree that for 2000 dollars in India you can be a rich enough person. I think that it's better not to lose such money, but to be very attentive to the activity that you are doing.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: mason13 on February 22, 2018, 09:26:20 AM

Quote from: Celebrity on February 22, 2018, 08:48:58 AM

Quote from: koryu on February 22, 2018, 05:17:54 AM

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

That depends mainly on country. For most Europeans 2k$ is nothing. For indian people thats huge money...

Agree with this which this amount will be different into such places since status of living or standards are really different.Some may say this amount was just a dust but for poor countries this amount is already good for 1-2 year supply for their own needs.Since we are talking about trading and losing those money then you cant do anything about it but to moved on and learn from your mistakes,loss cant be avoided when we are just still starting into this career.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

I have experienced a loss of more than $ 5,000, that affect my mentality, so I choose to stop for a while and start trading again 1-2 months later, and act more carefully.
Loss huge or tiny is depend your capital.

practicaltexan

newbie

Activity: 45

Merit: 0

Quote from: kripto para on February 22, 2018, 09:56:36 AM

Remember guys - TA is a life saver. It will always give you proper entry and exit points. Fundamentals trading is important as well, best option to use both of them.

Yes, but TA requires a steep learning curve.

So watch others. If the pro's are saying sell or closing out their positions. Maybe just guard your capital a bit and see what happens.

Do your research (which everyone says but no one says how they did it. It's either "google it" or "just listen to my signaling...for .1 BTC")

Soo....anyone know of a guide on how they learned TA and/or how they choose to invest in coins?

And not just, it's gonna moon!!!!!!Buy and HODL!!!

What is the checklist you have when considering investing in a coin?

Like

1. What are their use cases?
2. Are they hiring people?
3. What is their roadmap?
4. Do they have milestones? Are they reaching them?
5. What does their marketcap have to be to see significant gains based on the total supply of coins in the future?
6. What are the individuals backgrounds?
7. How are they branded? Is it catchy, unique, etc.?

I am trying to figure a list out....Maybe a bitcointalk post?...Hmm...

kripto para

hero member

Activity: 644

Merit: 501

Remember guys - TA is a life saver. It will always give you proper entry and exit points. Fundamentals trading is important as well, best option to use both of them.

mason13

jr. member

Activity: 159

Merit: 5

Quote from: Celebrity on February 22, 2018, 08:48:58 AM

Quote from: koryu on February 22, 2018, 05:17:54 AM

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

That depends mainly on country. For most Europeans 2k$ is nothing. For indian people thats huge money...

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Celebrity on February 22, 2018, 08:48:58 AM

Quote from: koryu on February 22, 2018, 05:17:54 AM

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

Exactly.That's already a big amount for everyone here who keep on struggling for profit.But since it had happened already,you should learn from it.We are not making an easy money here so we should know how to value our hard earned cash.Holding our coins in times of big dips can help us avoid a great loss.So maybe by next time,we should learn to stretch our patience more because that would be the best way to still gain profit even when the price goes down.

Topic: What to do if you lose $2,000 in trading? - page 29. (Read 13186 times)