Topic: What to do if you lose $2,000 in trading? - page 6. (Read 13196 times)
That is really sick, $2,000 is really large amount for trading. But in your post, it is really the best to learn how to control our emotion specially in trading cryptocurrency. Your words is really true but most of people don't doing that. That is very sad reality.
in my opinion, $ 2,000 is a very large amount, I would feel stressed if I lost that much money in trading.
but whatever happens, we must accept it gracefully, because all can never be repeated again, all we have to do is learn from these mistakes and never repeat them again, besides that we have to keep trading and remain resistant, maybe there will be time to have a better price and return your money.
but whatever happens, we must accept it gracefully, because all can never be repeated again, all we have to do is learn from these mistakes and never repeat them again, besides that we have to keep trading and remain resistant, maybe there will be time to have a better price and return your money.
this is so hard to explain but I understand what is felt, the market is not as good as we thought. Market can be a thief who takes our money without time and space. Yes, that's how the trading world for every profit and loss will always have every factor
but if you lose your money in trading so you should never disappoint because sometime you win but sometime you lose so its just money and can earn it next time, so bitcoin will never lose your money and time otherwise it will make your life and future more comfortable and that's why you should give full concentrate to this currency. 
this is so hard to explain but I understand what is felt, the market is not as good as we thought. Market can be a thief who takes our money without time and space. Yes, that's how the trading world for every profit and loss will always have every factor
Thank for sharing these, often times, we let our emotions get a better part of us and we may end up losing more money
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
I believe you should not continue trading at this point, you can see that bitcoin prices have continued to fall sharply and the current time has fallen to the $ 6200 level, the market is in crisis when bitcoin prices fall The price of altcoin drops as the whole market is bleeding. Therefore, I believe that at this point in time, to preserve your capital and profits you should not trade. 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
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
Your points are highly reflective and will go along way to help in this very bad situation. But I will like to add that you should stop live trading and do more of simulations to build back your confidence and continue to try more strategies. You must have a mentor who can easily be of an assistance at that period helping you to sharpen some your strategies.
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.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.
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.
If you lose $2000 then that is quite alarming and you have to find out where you lose some knowledge. We all know that losses is still a part of our trading life but if we're always lossing too much then that means that we need to gain more knowledge to get rid of uncertain circumstances.
Rest. Complete rest for minimum one month. If you think 2000$ is a huge loss for you then this is the only suggestion for you. After a complete rest, you must find or discover some unique idea. You can also find out why and how you make this huge loss. Every loses have the main fact “Emotion”. After a complete rest, you can able to do what you want. I mean you can control yourself If this is not a huge loss for you then you can continue your trading.
I have lost crazy money that I can not begin to mention on this forum. The bottom line here is that if you expect to win big, also prepare to lose big as well! Combination of your pain, joy and experience would make you a success at the end!
The initial stage is really difficult for new traders because they will certainly lose money and after those times if they are really smart they will certainly have many different strategies to make money but if you If you do not accept the new knowledge then you will always be the first to lose money on the market
I have lost crazy money that I can not begin to mention on this forum. The bottom line here is that if you expect to win big, also prepare to lose big as well! Combination of your pain, joy and experience would make you a success at the end!
The initial stage is really difficult for new traders because they will certainly lose money and after those times if they are really smart they will certainly have many different strategies to make money but if you If you do not accept the new knowledge then you will always be the first to lose money on the market
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.
I have lost crazy money that I can not begin to mention on this forum. The bottom line here is that if you expect to win big, also prepare to lose big as well! Combination of your pain, joy and experience would make you a success at the end!
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.
losing profits inside investing isn't only concerning deficient the particular features of earning funds by means of in which action, in the event you question virtually any dealer which is productive can notify for your requirements in which losing profits is practically inescapable sooner or later you will produce a blunder due to the fact you're not a pc and also you're not any equipment, what you should carry out is always to pay attention to the causes with the blunder and also to attempt to demonstrate because distinct location.
if I lose money assets because I sell at a low price with a loss of up to that much better I take note of the mistakes I made and after that I tried to recover assets by utilizing the moment of price movements of up and down coins.
Thanks for this wonderful suggestion 
. I wan't to become a successful man on trading. But reading this one makes me motivate to more have loss and more have gains. Thanks two thumbs up for this thread
. I wan't to become a successful man on trading. But reading this one makes me motivate to more have loss and more have gains. Thanks two thumbs up for this thread haha this is the one of risk for who to do trading, we cant handle how much the price for bitcoin so i think we have to accept the risk like this i think
Yes, the best solution is to wait, always trust in this market will have a strong recovery time, the most important is not to sell your penny because when you sell is the time you take the loss 
Great interpretation in trading crypto. 2k is a big loss for me. Of course I'm not a whale for being in vain if I lose that kind of high. So, what I'm doing for that is I'm being positive on my next trades.
The thing I should do is calm down when I lose $ 2,000 in the deal, because I know there are parallel risks and opportunities if I lose. Receive and draw experience for yourself
$2000 is a little too much for me, my friend!!I have lost 16 BTC since May so far, I bought the XVG, NEO when its value is the highest and I still hope for a bright market later this year.
Jump to: