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Topic: What you should do when you lose most of money? - page 37. (Read 5593 times)

jr. member
Activity: 147
Merit: 2
Trader means that you will be able to accept these profits and losses, there will be risks. Scamers have to wear in the hands of trading. And then there is loss. Therefore, do not stop trading. You have to go ahead with the risk. And if you get big losses, then frustrating will be a wrong decision. But instead of trying to accept the mind hardly, it is necessary to act wisely. But if you are careful and do not invest all the money.
sr. member
Activity: 568
Merit: 250
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
 

Losing all of your earnings is quite a disappointment and painful especially you really put all your time and effort on it, but it also serves as a lesson that trading is not an easy task, it needs a lot of time to understand the basic principles in doing a trade, well if you fail then move on because failure is the foundation of success and as a lesson to learn.
jr. member
Activity: 210
Merit: 3
I think it's all dances around the goal. If you want success, you just come and take it. And something there to write and hope that everything will turn out by itself - silly.  Cool
sr. member
Activity: 1176
Merit: 301
Just move on and know what you did wrong and learn from that mistake,
Try to earn again and start over make sure that you wouldn’t repeat your mistakes.
member
Activity: 324
Merit: 10
I think you need to accept this and to reconsider the principles you said when trading. I am sure that you need to think which mistakes you have made that your actions led to the money loss
copper member
Activity: 672
Merit: 270
I think the most important thing is to be always ready to lose some money. So for me, when im investing in a project or a coin, i also think that the money is lost. So then you dont have to worry and look always on the charts. It sounds weird but if you need the money and you have no patience, its better when you dont invest.
Since you enter the world of trading especially trading crypto you must already set in your mind that you should ready yourself to encounter those loses because that's what trading is like. Of course it may sounds weird to set in your mind that you may lose but atleast you set yourself ready if ever this would happen anytime.
newbie
Activity: 159
Merit: 0
which I do when I suffer great loss, I try to be patient and ask God to replace it with more and more useful for me, because if god do not want then I will get nothing, so everything back to god what will happen to me ...
newbie
Activity: 112
Merit: 0
Losses are normal, What i want in trading is to learn and to correct my mistakes, Does'nt matter if I losses but this things serves and eye opener and this is the key to go forward to acquire my goal and to become successful. I won't stop trading.  Smiley
Yeah, learning from your mistakes and getting over your loss is the right mind set if you're in this crypto trading business.
full member
Activity: 308
Merit: 101
I think the most important thing is to be always ready to lose some money. So for me, when im investing in a project or a coin, i also think that the money is lost. So then you dont have to worry and look always on the charts. It sounds weird but if you need the money and you have no patience, its better when you dont invest.
If there comes a situation when you have lost your money, then there is no possible way of bringing that money back. You can recover the loss but for that you need to sit back and figure out the problem because of which you have made this mistake. After doing that, you must learn from those mistakes and that you need to get back into the market with more high ambitions so that you may be able to get back what all you have lost.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
Befpre anything else, if you lose most of the money it is good to have that but that is not the thing you do first it is useless if you focus on that vison or aims. It will always right there for a time that you are losing money think of ehat you can do to make that aims become achievement. Go with tge process of learning.
full member
Activity: 588
Merit: 100
Wow, very nice angle you're taking the issue from. We need to focus and we should also prepare for the unfortunate (this then takes us to your topic). Whenever you're prepared for an unfortunate happening, you'll already know what to do
hero member
Activity: 1316
Merit: 502
Losses are normal, What i want in trading is to learn and to correct my mistakes, Does'nt matter if I losses but this things serves and eye opener and this is the key to go forward to acquire my goal and to become successful. I won't stop trading.  Smiley
Losing money is probably the first and most essential lesson to help us be able to survive and make money in this world, if we can not face and lose our confidence, we will forever be the losers and can only see others succeed. What we will do is exactly as you say, go forward and go forward, failure will make us mature and soon seek the success we desire, we think more positively on this issue, our lives will have many different angles, we will be comfortable and easy to start again, never bring negative thoughts into a problem, it just pulls us to hell
sr. member
Activity: 1610
Merit: 294
www.licx.io
when I suffered enormous losses and lost my money then I will do is remember the mistakes I have experienced and try maybe not to repeat the same mistakes and I try to find capital again to be able to trade again.
member
Activity: 350
Merit: 12
discouragement and stressed of course is the very first we felt but we should not stop there.We have to stand and be courageous to think for any option on how to bring back what we have lost.A true trader never surrender.We just have to accept that failure is always there and it is up to you how to cope up with it..Just be hopeful and don't let bad happening eats your life.
full member
Activity: 701
Merit: 136
XAYA - THE ULTIMATE BLOCKCHAIN GAMING PLATFORM
I think the most important thing is to be always ready to lose some money. So for me, when im investing in a project or a coin, i also think that the money is lost. So then you dont have to worry and look always on the charts. It sounds weird but if you need the money and you have no patience, its better when you dont invest.
full member
Activity: 350
Merit: 100
Losses are normal, What i want in trading is to learn and to correct my mistakes, Does'nt matter if I losses but this things serves and eye opener and this is the key to go forward to acquire my goal and to become successful. I won't stop trading.  Smiley
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
which I will do when I lose my money because of my mistake in cryptocurrency because I can not control my emotional condition then I will correct myself and try not to repeat the mistake that happened.
to be able to get 2 bitcoin in this year I think you should have the expertise to be able to see a suitable coin in buy and sell. you will be difficult if you do not have a lot of capital.
member
Activity: 308
Merit: 10
we must know one of the risks of bitcoin that is vulnerable to theft or lost because the digital wallet can be hacked by hackers by spreading the virus that can lead to loss of Bitcoin in the wallet. When the wallet is damaged then Bitcoin automatically stored can be lost and can not be tracked. So when it happens we should think again to use bitcoin.
sr. member
Activity: 826
Merit: 265
Great points mate,this is what we must do if losses taking our finances and investments here in crypto,we must learn what made wrong ,sometimes analyzation of our mistakes is what will set us to success if we will only admit those.

Yes trading is one of the things you have to spend a lot of time to learn it. people are constantly saying buying low is high selling like a song but they do not understand it and that is the problem. very easy to learn too but it takes time. Many people do not know that for you to succeed you have to take a very serious risk and risk is two things and that is you succeed or you fall.
Time,effort,skills and knowledge this four are the basic fundamentals to become a great traders and ofcourse on top of all this is patience
jr. member
Activity: 308
Merit: 8
This is motivational and a very good point to start with. All new traders should write down this maxim and work with it. If there is a hitches  a long   the way stop and seek help and resolve it  before you continue.
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