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
Topic: What to do if you lose $2,000 in trading? - page 9. (Read 13185 times)
well, that's a risk I have to accept, so the only thing to do is be patient. it is a risk in trading. so, before you do, you have to know all the consequences, even about it. well, many people have lost the money they have in trading.
Gain and loss are parts of the market and this has occurred with so many people who initially started the business. What we need to do is to point out the reason of the loss and work on that area and never repeat the mistake. I know so many people who have incurred big losses in trading but they expand their study and knowledge about the technology and re enter to claim their part of the money.
If you do trading, profit and loss will be both. Most people are hoping for profit but sometimes they are lost that nobody hopes. If I ever get lost by trading, I will try to get it back again by trading. The way I trade and reduce the loss of my trading I will do the same. If the price increases by buying coins at lower prices but the sale That's a good strategy for trading.
$2000 is a huge amount of money for me. losing $2000 might affect my psychology. so the first thing that I will do is to heal my psychology with something good. second thing is trying to recover my lost 
Accept whatever happened, because when you are in trading you have to be ready yourself if you will win or lose your money, we do not know what happens in the future so, just always be ready.
Losing some capital is normal because we don't know what really happen to the altcoin who are bought . Yes the altcoin you bought have potential to increase in the future but for sure also they have possible to dump the price. We're human and not perfect its all natural, I know its difficult to recover that losses but as long as we're still alive and crypto world still exist we can remake good moneys to earn by learning from your mistakes 
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 can say that you can easily overcome all of your losses if you will focus on improving your knowledge. You lose your money because you do not know when is the right time to buy and to sell cryptocurrencies. 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 have lost more than $2,000 and as much as I want to worry about it I rather just stay away infront of my pc and just leave my coins for the mean time. The market is on bear and we have to accept that because after all this we will see the bull run just be patient.
You know your error you enter on the green signal on the market. Before you enter, you should know the significant central in the exchanging. Offer at the green and Buy at red. Oversights are only typical on the trading next time be wary in each move you should take. The key to exchanging is persistence and shrewd choice and dissecting the value diagram. Utilize your error as a stage to be a decent merchant sometime in the future
well, that's a risk I have to accept, so the only thing to do is be patient. it is a risk in trading. so, before you do, you have to know all the consequences, even about it. well, many people have lost the money they have in trading.
I feel your pain with that amount of loss, it's safe to say most of us have been on the losing side of a trade, probably often. My dilemma in this situation is when the experts tell you to "dollar cost average," buy in more at a lower price, but for me this is tough when you're already in a deep hole and you gotta throw more money into it. Psychologically and emotionally we're screaming at ourselves not to do it. Trading sure loves to play and toy with our emotions sometimes.
In my opinion, losing money in the investment is normal. You lose money but in return you gain experience when investing. When you have more experience then you can get back what you lost today.
Yes, I support that thought too, look on your last, as you have paid some monthly lesson, you usually pay money in order to get knowledge, so this is it.
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.
For me $2K worth of losses are commonly happens like when the times I need to sell my holdings because I need it for emergency so do not lose hope in trading mostly if you are a beginner in trading because every person needs to be failed to understand their mistakes.
You're bound to lose money anyways if you're trading in crypto and though 2k isn't a small amount, a lot more can be lost along the way. If you lose that much, then it'll be something that you can learn from in your future trades. You have to be ready to take losses anyways if you decide to trade so i think just take it stride but don't forget what mistakes made you lose and try not to repeat them. Trading is a continuous learning process so just be positive
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.
For me $2K worth of losses are commonly happens like when the times I need to sell my holdings because I need it for emergency so do not lose hope in trading mostly if you are a beginner in trading because every person needs to be failed to understand their mistakes.
$2000 is just very little, there are lot more people who loses last time btc bull run reached up to $20K. If they invested during the time when the price spike to $16K and they thought it was a good entry point in the market but that is if they sell at $20000 price. IF they hold until now, its a terrible decision after the drop and they realized it now.
Stay calm. You need a good strategy.
1. Choose the right time to buy safe crytos like BTC, ETH
2. 10% of your money for daily trade. Check carefully before trading.
1. Choose the right time to buy safe crytos like BTC, ETH
2. 10% of your money for daily trade. Check carefully before trading.
Cryptocurrency market has a high volatility. Just check news and try to get more.
Be patience and don't be greedy)))
Be patience and don't be greedy)))
In my opinion, losing money in the investment is normal. You lose money but in return you gain experience when investing. When you have more experience then you can get back what you lost today.
Yes, I support that thought too, look on your last, as you have paid some monthly lesson, you usually pay money in order to get knowledge, so this is it.
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
1. Look for the previous mistakes you made.
2. Try identifying or understanding why you made those mistakes.
3. carefully study the market and try avoiding your previous mistake. DON'T PANIC AND SELL
2. Try identifying or understanding why you made those mistakes.
3. carefully study the market and try avoiding your previous mistake. DON'T PANIC AND SELL
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
If you lose big amount of money, you should really improve your strategies and techniques. It is really obvious that your knowledge is not sufficient. Always work hard and study better for you to improve yourself. 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
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