Topic: What to do if you lose $2,000 in trading? - page 7. (Read 13158 times)
Losing 2000usd in trading is like losing $2000usd from holding. Few months ago I do have a UTRUST token (UTK) which amounting 4k usd. Now the value of my UTK coins is 800usd. I learned that , one must learn how to read the chart. Must not be greedy. Learn to sell on time and identify the top.
You never loose if you don't sell with a loss. Try not to repeat that mistake.
What did you learn from the failed transaction? And how much experience do you have from this failure? If you have not learned from the failed investment then it is best to stop to learn more.
This is very helpful when in lose of $2000 in trading analyze on what part did you lose or what you had a mistakes. You have to continues learning in trading and do not lose hope. We felt disappointed at first of losing this huge of money. But take it as a lessons so the next time you will trade you are ready and will do the right thing.
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.
In my opinion, you should focus on long-term hold, because in the long run you will have the opportunity to sell coin at a more reasonable price, better. That would be better for you
In response to your subject: "What to do if you lose $2000in trading?", i must say first of all, that i wont sit back and loss $2000 in a single trade. hence, there is no chance that i might loss that much in a single trade. How is hypothetical situations when this happen, i might resort to your proposed procedure of redemption. Personally, i have benefited greatly from conducting a SWOT analysis on on myself and my activities in the cryptomarket. While i must admit that it is very difficult to follow your trading plans its rewarding after all.
Just hodl your altcoins don't panic selling because in anything happen it just a test for you to determine if you are a good trader. Emotions and stress are the reason why you lose on trading.
This will be a life-long learning lesson for you throughout your life and you have that experience so you will not stumble again. Lost $ 2000 is not a small amount of money, but you can earn a few times which amount you lost .
If you have no trading experience or just a newbie trying to earn while still learning how to trade, it's better not to waste your $2000 on it. It's better to learn the art of trading first to prepare yourself because cryptocurrency trading is highly risky and any moment, your investments will be lose if you still don't know what to do. Long term investment is a good option for those who don't know how to trade, just choose solid coins and hodl it till their price go up.
After some years of trading , investing and even sometimes speculating in the coin market , I’ve come to accept that losing money is part and parcel of investing in the market or any commodity that one is trading in. I consider that ‘mandatory tuition fees’ that an investor must pay in learning to invest. This ‘tuition fees’ is more valuable and effective as a learning experience than the seminar fees paid to trainers.
if you lose $ 2000 all you have to do is try to be patient and see the future, because if just remember it will make you stress ...
maybe that's the best way if you feel you lost $ 2000 ...
maybe that's the best way if you feel you lost $ 2000 ...
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
After misfortune I will return again in the wake of getting and enhancing my insight about the market and the wellspring of my longing however couldn't get accomplishment because of my mix-ups. Presently I am taking a shot at my missteps and need to remedy it which will make me ready to survive and get achievement. I will attempt to recoup the misfortune I made all these are conceivable once I evacuate every one of the missteps and work in the light of market rules. 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
The $ 2000 loss in the deal is a pity, but compared to the other losses, for $ 2000 is just a small number, I think you should continue to learn from experience and learn from the loss. cool it
Well, if I lost that much money in trading, of course I would be stressed out. Well, 2000 dollars is a huge amount for me. when I can not refund the money, maybe I will stop trading. well, that's really bad for me.
The $ 2000 loss in the deal is a pity, but compared to the other losses, for $ 2000 is just a small number, I think you should continue to learn from experience and learn from the loss. cool it
That was big and not a small amount for me. But the moment i encounter some losses, i stop it for the mean time and check the strategy of other investor. I love to know what did i do and why i got some loss. I need to check and correct my mistakes.
This is very helpful when in lose of $2000 in trading analyze on what part did you lose or what you had a mistakes. You have to continues learning in trading and do not lose hope. We felt disappointed at first of losing this huge of money. But take it as a lessons so the next time you will trade you are ready and will do the right thing.
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
Losing 2000 USD might seem like a lot and a serious matter but when it comes to 2000 in the cryptocurrency market that's not even equal to one bitcoin or a third of a bitcoin this is normal so there is no need to panic in such a state
Just continue trading, and if you see that you are a horrible trader then the best thign that you can do is just to stop trading of ocurse, that is the only way out
After loss I will return again after getting and improving my knowledge about the market and the source of my desire but could not get success due to my mistakes. Now I am working on my mistakes and want to correct it which will make me able to survive and get success. I will try to recover the loss I made all these are possible once I remove all the mistakes and work in the light of market rules. 
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
All you have to do right now is to minimize the risk factor in future by actually looking back at your decisions taken according to the market prevailing conditions. Try to figure out what went wrong and how can you actually make it not occur again and avoid the repetition. I have seen so many who loose initially and later on after expanding their knowledge about the business, incur some good money when they cash.
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