$ 2k is a pretty big deal for me and I have experienced this feeling. I have accepted many losses and have a valuable lesson for myself. I hold the OMX for a long time and I think its price will rise again at ICO's price but I was wrong. I had to accept them.
Yes no doubt that it is big amount to be lose. But I think that it is too much common to face a lost in trading, I think that in such situation you should not lose heart but should try to review your strategy and start trading again with a limited amount of money. 
Topic: What to do if you lose $2,000 in trading? - page 5. (Read 13158 times)
This means that it is time for you to slow down and start keeping your investment income of the coins which have a less volatility rate and more stable rate but most of all this means that you need to analyze more before you start investing
Yes, it means he is going the wrong way, he is making a wrong investment strategy. He should introduce new investment directions, not be optimistic about the market, wait to always lose more assets when the market goes down, sell your pennies and wait to buy at better prices
In my opinion, $ 2000 Loss is still a small number of transactions. You only lose when you lose 100% of your assets. Investing is always risky, accepting losses and implementing new plans that are the right strategy
Start trading with small amount of money and get experience. Only when you become successful with that sums, try to increase it but don't hurry up. It must look like you're climbing a ladder.
If I lost 2k in a single day, I would consider that a good day in crypto terms.
With so many UPS and DOWNS, it very easy to watch your portfolio go up or down many thousands of dollars/day, clearly depending how big your portfolio is.
But if I lose 2k in a single day, that's definitely not wroth panicking over.
With so many UPS and DOWNS, it very easy to watch your portfolio go up or down many thousands of dollars/day, clearly depending how big your portfolio is.
But if I lose 2k in a single day, that's definitely not wroth panicking over.
You have a well written and drafted article to this. Loosing money isn't what anyone likes. Identifying what Made you lose such money and correcting it is what makes you a better trader in the future. Good write up
You can’t do much about the moment that you have lost, but you cab be careful the next time.
If you come across the story behind each and every trader, very few could have succeeded with ease. Majority have got a big pain behind it, they have lost lots and lots to gain good experience experimenting. With this I suggest to have a positive attitude towards the loss and move forward learning something. The loss is big, and for the same if you quit trading this won't make sense.
beautiful reverse engineering of your own mistake, keep going! 
I suggest you to look at ICO investment field, with your ability to analyze it becomes more easier to find interesting projects to invest in, for example Kelvin Blockchain project - this is one of the hundreds upcoming projects, but I believe this project and some others only will succeed. 
I suggest you to look at ICO investment field, with your ability to analyze it becomes more easier to find interesting projects to invest in, for example Kelvin Blockchain project - this is one of the hundreds upcoming projects, but I believe this project and some others only will succeed.
$ 2k is a pretty big deal for me and I have experienced this feeling. I have accepted many losses and have a valuable lesson for myself. I hold the OMX for a long time and I think its price will rise again at ICO's price but I was wrong. I had to accept them.
I know now is a bad time for the market. Trading at the present time is risky because the risk in trading is very high. You can not predict the market will rise or fall during this period, so I advise people not to invest at this time. Lots of money because the market goes down and it is very normal. don't worry too much
If you are very efficient in trading then you will start recovering the loos, otherwise, keep on holding the coin until the market starts recovering. Efficient traders will always look other coins which they can make a profit by start trading them again.
2k$ is serious amount and if you lose that amount for sure it will be hard for you to let it happen, if you have a coin and that price fall then don't think to sell it, that is the only way I see to avoid your money lost and wait until your coin will recover.
If you are very efficient in trading then you will start recovering the loos, otherwise, keep on holding the coin until the market starts recovering. Efficient traders will always look other coins which they can make a profit by start trading them again.
Losing 2000$ is not a joke in this industry. When one loses such amount of money, you definitely need to revisit your strategy abs be sure that you are doing something right. You need to unlearn and relearn and check all the strategies in place and ascertain that you follow all the footsteps of a successful crypto trader.
Exactly. At times you might even take the so called business break. And business is all about loosing and earning but once you have gained enough experience from the loss, you would be able to avoid the mistakes next time by using your valuable experience. Not learning from the mistakes that incurred you loss in the crypto market is like committing business suicide which every investor wants to escape. Besides, it will be very irrational to loose money for the second time after loosing it once.
I believe that as long as you don't exchange their bitcoins for Fiat, you have not lost anything. And these games on the market are very dangerous, and you can lose your entire Deposit. It is better to wait.
Well it depends also on the coin or token you hold. There are tokens or coin that never recovered from its price since it launch. I lose more than $2,000 already but I am researching on the coins I invested. If I lose too much and the dev are not active then I cut my losses and hunt for a profitable one. If I know its a good coin, I just hold and wait that sooner it will rise again. Trading is very volatile, so be careful.
Yes, the number of coins/tokens that suffered big dump and never come back to rise again are a lot. That is why, picking the good developed coins is very important. Bitcoin and ethereum would be my recomendation for long term trading. Even though right now the prices of both coins are in the downtrend, but I have a faith that in the near future, the prices will rise again.
I believe that as long as you don't exchange their bitcoins for Fiat, you have not lost anything. And these games on the market are very dangerous, and you can lose your entire Deposit. It is better to wait.
Well it depends also on the coin or token you hold. There are tokens or coin that never recovered from its price since it launch. I lose more than $2,000 already but I am researching on the coins I invested. If I lose too much and the dev are not active then I cut my losses and hunt for a profitable one. If I know its a good coin, I just hold and wait that sooner it will rise again. Trading is very volatile, so be careful.
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.
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.
I agree that there might be a problem, but I wouldn't say that it would automatically be the person who is investing. I mean, there are so many other factors that could affect an investment and make it go down the drain, therefore, it would be better when losses like that happen to actually take a step back and look at things with a fresh eye and see what went wrong. If there are things that can be changed, then it should be addressed; however, if what happened was related to normal market movements, then another strategy should be employed.
it looks like what I will do when I get a loss of more than $ 2000 so I will try to recover the assets that I have by utilizing the coin movement situation carefully and as much as possible not to repeat the mistakes I have ever made.
Whether you lose the money or whether you lose value because there is a big difference in it. If you lose value better it is the best time to hold them until bitcoin price starts increasing. If you lose money then you need to quit them.
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
actualy i could not experience of lossing huge money,especialy in trading investment,otherwise in these situation if in my position im loosing a $2K in trading investment i thinks im sad and feel dissapointed if this would happen to me,because this is not an easy money used in capital for trading investment,but after a few moment i easily could recover and thinks thats everythings about in crypto have a risk,so accept the facts and learn a mistake.
Jump to: