What to do if you lose $2,000 in trading? - page 30.

mason13

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Quote from: Tanaudi04 on February 22, 2018, 08:42:03 AM

Quote from: mason13 on February 22, 2018, 08:33:56 AM

2k$ lol.. I lost atm ±125,000 $. And keeping optimism Tongue

Bro you beat him you must be good in trading can you share to us how you loss $125,000. Please share to us so that we will not follow you. $125,000 is not a small money you have certainly large capital.

I lost because of bitcoin and ethereum price dip. But I didn't sold my coins yet so I hope its temporary losses. And in some month I could have +100k$ revenue.

Lesson I have learned: always take partial profits on highs. Don't be greed and don't wait for more and more highs until it drop. Sell step by step on raising market.

Celebrity

sr. member

Activity: 420

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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's why we need to be responsible in trading of cryptos.

Tanaudi04

newbie

Activity: 28

Merit: 0

Quote from: mason13 on February 22, 2018, 08:33:56 AM

2k$ lol.. I lost atm ±125,000 $. And keeping optimism Tongue

Bro you beat him you must be good in trading can you share to us how you loss $125,000. Please share to us so that we will not follow you. $125,000 is not a small money you have certainly large capital.

mason13

jr. member

Activity: 159

Merit: 5

2k$ lol.. I lost atm ±125,000 $. And keeping optimism Tongue

koryu

hero member

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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)

ictin

full member

Activity: 258

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Look ARROUND!

I think if you have losen your money, you should forget it and start again. Let's find out and invest in it. Loss and win is a normal thing in trading and you have to accept it.

veleten

legendary

Activity: 2016

Merit: 1107

a 2000$ loss can be damaging if your initial trading bank was small
losing 2000$ out of 3000$ or even less than that could be something you won't be able to recover from
but losses of 5-10% of your balance as a trader is nothing new
if you start with 20.000$ cutting your loss at 2.000$ is a good move,you only lose up to 10% and can easily recover afterwards
OP is right about stock market being different from crypto trading,although the principle is the same
there is much more volatility in cryptocurrencies,plus bitcoin price has influence over almost every alcoin out there
so if the market is bearish,you are almost certain to see the downward movement on almost all of the altcoin markets as well

Hemady17

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rickadone

legendary

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Quote from: iv4n on February 20, 2018, 03:08:39 PM

Quote from: JCLee on February 20, 2018, 02:36:32 PM

Quote from: nsasuiteb on February 20, 2018, 01:53:08 PM

$2000 is nothing in crypto, you today can lose $2000 in trading but tomorrow you can make $10.000, this is trading, everybody lose some, but at the end gains must be more than losses.

LOL. Of course 2k$ is just a small amount to the whales but with new trader and new investor I think this amount is really big to them and for me it's also really huge

). To earn 2k$ in crypto it's not easy if you don't have a huge capital right at the start or you must be a really hard worker. But I think when you're a expert in crypto world I think it's really easy to earn 2k$ if you have huge capital at the start or not

That part is similar with gambling, when you lose some amount you try again and even with more money if you can afford it. Trading is not always making, in trading we all lose when market starts to go down, but again when its going up not all of us are winners, that's why sometimes you need to know to keep and sometimes to get into the trade's. There is one good one, you lose only if you sell, that's applay a lot in many alts not just bitcoins. Keep that in mind when you wish to trade, and one more thing when you fall only way is up, so after loss get up and try again and again until you learn to do it properly.

Yeah, liquidity is good and knowledge is better. I have noticed though that most newbies have severally ended up on any exchange, and then at the end of the day discover that they made the wrong decisions and that is because they are always so jumpy when it comes to conclusions without making any research.

The web is all there for everyone and a lot of resources as well, so I wonder why someone will not consider liquidity before choosing an exchange, coupled with some other features and the same applies to knowledge as well.

Bitcotalk

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Kurokyy

full member

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LETS GO ADAB

There must be something wrong with you if you lose that much money in trading. If you just still hold it and not going to cut your loss, its not still be considered as a loss unless you sold it. Do not be discouraged with your loss, check those thing you did wrong in trading and be better on your next trade

O$IRIS

newbie

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Go borrow extensively and lose another $5,000 just to be sure.

noormcs5

hero member

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Leading Crypto Sports Betting & Casino Platform

$2000 lose in trading it is a big lose. But if you could hold your coins for a time then may be you have a chance to recover your lose. Actually in trading, it is same like gambling our luck wise we could suddenly gain profit and if we miss that moment then our profit convert into lose. No doubt trading is risk but still i like trading while if i have $2000 lose in trading.

Rhaizan

full member

Activity: 518

Merit: 100

If you lose your money in trading, don't quit just continue ,your experience can teach you on how to keep calm, i suggest you to hold if the price of your coin going down rather than sell it at low price.

jambul_kribo

sr. member

Activity: 980

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Quote from: Hemady17 on February 21, 2018, 05:43:25 AM

Quote from: erickkyut on February 20, 2018, 09:59:39 AM

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.

If you read my post carefully you can see the buy-in and my sell-out. I entered at 12,700 USD and I cut loss at 8300 that why I lost 2K in my original portfolio. I was doing fine at the beginning; I missed out to add in my problem that I was also to greedy.

have u make trading plan for this transaction.if this cut loss is your plan that would be right desicion.if you dont cut loss at 8300 , maybe your loss could be more than 2k

Hemady17

member

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Merit: 35

Quote from: erickkyut on February 20, 2018, 09:59:39 AM

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.

If you read my post carefully you can see the buy-in and my sell-out. I entered at 12,700 USD and I cut loss at 8300 that why I lost 2K in my original portfolio. I was doing fine at the beginning; I missed out to add in my problem that I was also to greedy.

minhnguyen

newbie

Activity: 75

Merit: 0

2000$ is a big deal or not depends on situation of each everyone.
But since you suffer from a loss i think you should find reason why.
I myself dont buy or sell by trend. I hold what I really believe for a long time. I mean ETH in my case.
In long term, sharks can not manipulate price so long term investment is a good choice when investing in coin

dustboy

hero member

Activity: 1022

Merit: 517

Quote from: bitcoinveda on February 20, 2018, 04:54:15 AM

Most of the people are panic about the price when it is getting lower and lower in the market. In this case, people should hold the coins tightly in order safe them until the price of coin increases, but most of the people will sell their money for loses when it is at dipping.

Selling what you own when it is on down trend is not always bad decision as long as you buy it again at cheaper price. In fact most of them are just selling it when it is on dip but do not try to buy more when it is on the most possible lowest price.
Losing $2000 in trading must be something wrong with the trader, it wont happen if the trader has good strategy in trading or maybe made a big mistake while trading.

lienfaye

hero member

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

b. Playing aggressive – Since I have too much ego in my head I put all my money in one coins only. I didn’t consider altcoins to hedge risk from BTC. There are altcoins who doesn’t affect much by this massive correction.

At first I am like this, didnt consider other coins and go all in for one coin which is btc. Investing in btc is not a wrong move however I should have explore the alts because there are certain coins with potential and might be next to it like eth.

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

c. Never stop trading – If this single defeat dictates me to stop then the real loss will happen. These circumstances should ignite us to continue, make this experience to hungrier for success.

Well thats true, in trading if you want to get back what you have lost then try again. Because losses are just part of it and its not the case always. You cant be a good one if you dont experience mistakes and you will learn from it to do better next time.

tatnM

member

Activity: 434

Merit: 10

Movements on the crypt are very sharp and large in percentage, here it is better to work only from the purchase and if the drawdown is just wait! Better, of course, with correction goes into the Fiat and then dokupatsya below

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