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Topic: What you should do when you lose most of money? - page 32. (Read 5571 times)

sr. member
Activity: 630
Merit: 250
I am a professional cryptocurrency and Forex trader sometimes I lost some money but when I lose the big money on the time I stop my trading and I take a rest around 1 week then I start again cryptocurrency trading. I do day trading because day trading is a very profitable for me it is very risky and very profitable.
The loss is common in trading especially crypto trading why means the market is unstable. i think for day traders green number and the red number will not affect because they will find only high cap coins to trade and they will not expect more that's why they can make a good profit. I am not a day trader and i will not sell my coins at a loss will wait until it reaches a base price.
full member
Activity: 476
Merit: 100
Try to work in others bounty projects to earn your money, also we can invest in good company which give you profit
member
Activity: 194
Merit: 10
I am a professional cryptocurrency and Forex trader sometimes I lost some money but when I lose the big money on the time I stop my trading and I take a rest around 1 week then I start again cryptocurrency trading. I do day trading because day trading is a very profitable for me it is very risky and very profitable.
legendary
Activity: 1512
Merit: 1041
Everyone experiences loss at one time or the other. If you trade cryptocurrency daily , monthly even occasionally, you should know that loss is part of trading and you should plan to mitigate and reduce your exposure to loss!
Yeah, everyone does and it is a normal thing you should always expect in trade and one of the things you should always plan ahead of time anytime you are even making a trade which is one thing a lot of people do not.

As long as you are an experienced and learned trader, it is the best thing to know that you should always plan an exit even before you enter a position at all and if you end up not hitting what you expect or things going awry, you will know when to get out when you know what you are doing.
member
Activity: 189
Merit: 10
You should leave the market and stop trading, because you can lose a lot of money because of that.
Just try to learn a little bit more before trading, o you will lose all your money
jr. member
Activity: 350
Merit: 2
Hello guys, there are always financial losses in the field of trading and this is a normal thing, but unfortunately there is a  category of traders does not accept these losses.  Plus, the not acceptance of the truth may affect them negatively like, psychological problems, stress .. and even on the next choices in trading, but this leads to a multiple and consecutive losses.

In fact,  the first and most essential thing to surpass the loss is "The acceptance of the truth"  and then you have to  " deal with it " in a good way.

Trust me, if you learn from your mistakes, then you will earn what you want.

I learned something very useful and I want to share it with all.

These are the 5 steps to make a financial profit (especially after a big loss) and even achieve your goal, they will be as the following ( like a plan)  :

Step 1 : What do I want to achieve? (Vision)
For example:
I want to earn 2 BTC within a year.
 
Step 2 : What is their  importance to me? ( Value )
For example: It is important to me because I am poor and I want to help my family in many things.

Step 3: How will I achieve it? ( Methods )
For example: I must have many strategies in each event ( crisis, pump )
..
..
Step 4 : What prevents me from achieving it? (Obstacles)
For example: time,  unexpected event, the fear , weak of self confidence...

Step 5 : How do I know that I  have achieved the success? (Measurement)
For example: ..
..

When I see 2 BTC in my wallet before one year.

 
Good luck to everyone . Smiley
 


What should you do when you lose money? of course you do what is appropriate or what you ought to do or do those things that are lost in and return those things that are lost to you and reach that
hero member
Activity: 2128
Merit: 520
of course you can still stop trading if you can not handle it. When you lose most of your money, you will feel many emotions like Anger, Fear
Emotions are actually normal but rather than getting emotional, the best thing is to take a quick call back and ask yourself what you did wrong, how and why you should be careful next time, see ways you can always play safe around such moment and so on. Trading is not easy for a start and it takes some experience to gradually get better after some mistakes, but persistence, more learning and dedication is the only thing that can get anyone there.
Dedications and willingness to explore more,  those basic skills will give you another determination to strive back and become more stronger, better to keep yourself on track and don't sell out into panic just be more observance and keep yourself on line, people can recover if they are really willing to learn the process, if you do start from the hard ways then better to learn how to make it easy for you to learn the passive ways.
jr. member
Activity: 283
Merit: 1
If that happens, especially in crypto then I will take a break while contemplating what has happened and ponder over what mistakes I have done. maintain the already good and increase the less. Also do not forget to strategize.
legendary
Activity: 1386
Merit: 1058
of course you can still stop trading if you can not handle it. When you lose most of your money, you will feel many emotions like Anger, Fear
Emotions are actually normal but rather than getting emotional, the best thing is to take a quick call back and ask yourself what you did wrong, how and why you should be careful next time, see ways you can always play safe around such moment and so on. Trading is not easy for a start and it takes some experience to gradually get better after some mistakes, but persistence, more learning and dedication is the only thing that can get anyone there.
member
Activity: 392
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
If you lose money on trading, then it is only your fault becuase of buying at a bad time of the market. If you lose, it is entirely upto you and it is only your fault. Came on, there is no way to always earn.

But hoping that he will not be discouraged and continue to stand up for investment, it is necessary that he learn something after this stumble, learn valuable lessons or dull Also, many people still say patience is the key to success in the Crypto market.
newbie
Activity: 182
Merit: 0
very simple and logical things. This topic earned merit? hmm
newbie
Activity: 27
Merit: 0
trading is one of those things that you have to spend a lot of time learning it. people keep saying "buy low sell high" like a chant but they don't understand it and that's the problem. it is very easy to learn too but it takes time. you have to start hanging around in the market (on exchange) and start staring at the charts for a long time and try to analyze what is happening in the market.
and also you should always know that the markets are different from each other. for example what works for stocks does not necessarily work for bitcoin and it doesn't work for altcoins. each of them require a different set of experiences to deal with their specifications.
jr. member
Activity: 91
Merit: 1
I know it's not easy to forget when if you lose a money especially when it is most of your money. But for me I'll try to move on I'll try to forget that even I know it's not easy and I look for another opportunities.  Just hard working I can get back what I loss be positive and be patience.
full member
Activity: 255
Merit: 100
https://burst.money/
I like what you have stated about the 5 steps for financial profit. It is very helpful because it let me keep myself on track. It is hard to recover from a big loss. Sometimes when you've experienced a big loss, you become so greedy and so eager to earn yet end up getting much bigger losses.
newbie
Activity: 210
Merit: 0
to be able to get 2 bitcoin in this year I think you should have the expertise to be able to see the appropriate coins in buying and selling. You will be hard if you do not have a lot of capital and that I will do when I lose my money because of my mistake in cryptocurrency because I can not control my emotional state then I will improve myself and try not to repeat the mistake that happened
But he may be very sad now. But I hope he will stand up for the first time, and everyone will stumble, but successful people will always stand up and go the way they have chosen, and the losers often will stop and complain.
hero member
Activity: 938
Merit: 501
If you lose money on trading, then it is only your fault becuase of buying at a bad time of the market. If you lose, it is entirely upto you and it is only your fault. Came on, there is no way to always earn.
newbie
Activity: 224
Merit: 0
You need a strong mind to deal with the losses, something we have all experienced in crypto. However, as long as you don't sell you will not lose. Doubling up when it hits the bottom will minimise your losses and perhaps even help to make minor gains. This is good for psychological purposes.
This is probably one of his biggest losses in this failure, but hopefully he'll forget them and start over, drawing on many successes for the next time, Do not hurry to leave them midway for fear of failure next time, stand on your feet and trust in him. Good luck to him.
jr. member
Activity: 158
Merit: 2
Losing money is normal especially if you're an beginner in trading , Mistakes will be your stepping stone to succeed someday and the recent mistakes you've done is one of the way to be an expert in crypto and when i lose money i don't give up cause giving up is for losers.
full member
Activity: 364
Merit: 100
when you lose most of your money then you have to start a new business with partnership so with partners you can gather some money to start a good business now a days altcoin trading is good and profitable.
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