Topic: What to do if you lose $2,000 in trading? - page 4. (Read 13196 times)
2000 dollars for someone is quite a decent amount and you can lose them on crypto-currencies, but after the time it is possible to earn on them, depends of course on what digital asset to invest in.
a trader will not always win but they try to win with all the analysis and sensitivity to market trends. share your best portfolio to divide into several investment coins that can maximize profits
Losing your hard earned money on trading is one of the traumatic experiences that might happen to you. This is usually happen when you are so bullish on the coins you are investing. Here are my thoughts on how to redeem you from this kind of experience.
1. Acknowledge that you did something wrong
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.
2. Identify the problems
a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC.
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.
c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy.
3. Courses of actions
a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency.
b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase.
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.
d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins.
After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.
Remember merits are perishable if not use
1. Acknowledge that you did something wrong
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.
2. Identify the problems
a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC.
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.
c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy.
3. Courses of actions
a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency.
b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase.
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.
d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins.
After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.
Remember merits are perishable if not use
Trading has always been risky because TAs and FAs may fail surprisingly. Investors lose way more than 2000$ in scam ICOs or Failed projects. The best key is to diversify investments wisely. Always DYOR and never rely on what others say.
Go with guts... Once a trader, always a trader
Try to analyze your mistakes and treat it as positive experience
If you've bought BTC at $10k, that doesn't mean a thing. Just hold and there will be a moment not only to bring back 2k back, but earn more.
If you've bought BTC at $10k, that doesn't mean a thing. Just hold and there will be a moment not only to bring back 2k back, but earn more.
I'd probably review my trading strategy and main aims. However loosing 2k usd in crypto is not a very big deal to be honest. Real losses start from 10k usd I guess and not even always educate people well.
Well lossing some money in trading is normal now because trading is a hard job especially when the traders is newbie and if i lose $2000 i will be very dissapointed on my self but off course i will come up on my loses i will be more great trader to get back my $2000 
Don't worry mate, it's just a graph, graph always do the ups and downs. I know you loss $2000 but simply remind yourself that after a loss, there's always a comeback 
ups and downs are normal mate. If you loss some of your funds on the coin/token you invested in, just hold for it and wait for it to recover those funds you loss, and after that if you feel that you gain a profit then that's the time to trade or you want more profit then hold or trade it with other promising coin/token.
$ 2000 is a small amount of money when investing in this market because you can lose at any time if you choose the wrong currency. I think investors should have clear plans to prevent mistakes that may occur and limit it. ups and downs are normal mate. If you loss some of your funds on the coin/token you invested in, just hold for it and wait for it to recover those funds you loss, and after that if you feel that you gain a profit then that's the time to trade or you want more profit then hold or trade it with other promising coin/token.
Losing money while trading is something I do not want to happen. It hurts when you lose $ 2,000 in a transaction. Let's draw experience for the next time. Know how to trade effectively. Do not keep too much money on the floor for too long and never trade more than you can lose.
Its always better to put the trades on with the stop and loss feature. Those who can see it but not using it are the crazy one because they think that they can come at anytime later and see their trades becoming successful. They however forget over the time that when crypto currencies are coming upwards then they are also going down at sometimes. If people fell into such traps then surely they will have no choice but to loose most of the money. So there is always chance to stop this with those features.
I would never let my trade go down below so that it will have the literal loss of $2,000 , lol!
I would never let my trade go down below so that it will have the literal loss of $2,000 , lol!
Don't worry mate, it's just a graph, graph always do the ups and downs. I know you loss $2000 but simply remind yourself that after a loss, there's always a comeback ups and downs are normal mate. If you loss some of your funds on the coin/token you invested in, just hold for it and wait for it to recover those funds you loss, and after that if you feel that you gain a profit then that's the time to trade or you want more profit then hold or trade it with other promising coin/token.
ups and downs are normal mate. If you loss some of your funds on the coin/token you invested in, just hold for it and wait for it to recover those funds you loss, and after that if you feel that you gain a profit then that's the time to trade or you want more profit then hold or trade it with other promising coin/token. 
Yeah, well each of us have different way and perspective on the trading process which is somehow will depends on our own experience. A $2,000 is a huge amount and it's definitely heartbreaking moment when I loss that amount. Basically, we aim to earn more money as we have more profits but somehow we must try to think once again that being here in the world of crypto, risk is always on our side. In order to avoid or minimize that situation is to learn more and study since we need a lot of time to do it by analyzing, unlike doin in actual that might ruin your financial stability.
Firstly, I would only invest $2000 if it is an amount u can afford to lose. Although such huge losses would hurt, regardless how much you are worth.
If you lose money, you should compensate by learning the lessons, and adapting to the current market to avoid a repeat.
If you lose money, you should compensate by learning the lessons, and adapting to the current market to avoid a repeat.
maybe the first time I did was regret having lost $ 2000, but after regretting I would go back to trading but more carefully and not be consumed by the ambition to always profit, because in the trade to do is be patient if you want to make a profit ...
$2000 is a significant number but with the quick volatility in crypto market, this amount seems not be to high., you are the one decide will this lost be temporary or permanent. When your lost come to this amount, you should slow down and considered carefully before investing. For a big volatility market like crypto, you might end up lose even more if you are lack of carefulness
I'd probably review my trading strategy and main aims. However loosing 2k usd in crypto is not a very big deal to be honest. Real losses start from 10k usd I guess and not even always educate people well.
Yeah 2k is basically a small price to pay and most newbies acumulate around that figure in losses before they can say they're experienced enough to make steady, efficient trades. It's a continuous learning process.
I'd probably review my trading strategy and main aims. However loosing 2k usd in crypto is not a very big deal to be honest. Real losses start from 10k usd I guess and not even always educate people well.
It is very important and you can always learn from your mistakes.
The loss in the Bitcoins is not really good but it happens and you can deal with it.
Keep the coin start at a lower price and learn how to deal with the things.
If you have been dealing with a lot of loses then it is time to think twice and evaluate.
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