Topic: What you should do when you lose most of money? - page 38. (Read 5593 times)
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.
The reason why most people end up losing money is because instead of doing research on their own or trading themselves they go on Bitmex trollbox and tale trades blindly.
Combing that with fear and greed is a total recipe for disaster.
Most people bought BTC at around $19K or so because they heard about their friend who got rich off it when he sold at $19K. Then when it started to go down, they called Bitcoin a scam and started shorting it.
And basically ended up losing most of their funds or everything.
Combing that with fear and greed is a total recipe for disaster.
Most people bought BTC at around $19K or so because they heard about their friend who got rich off it when he sold at $19K. Then when it started to go down, they called Bitcoin a scam and started shorting it.
And basically ended up losing most of their funds or everything.
Acceptance! We need to accept the reality that in every investment,trading or gambling,there's a risks of losing money which it is your capital. We need to expect it before you do something for your money in the very beginning of your plan.
To be honest, I will understand a particular person if he decide to quit after a devastating loss because that's a natural response of a human. Even if we advice him to follow the steps you suggested, his mind will not accept it easily since fear and frustration already come into him.
Actually your steps are quite nice, maybe I'll say it but will not definitely push it into someone who lose a lot because I know that he is still hesitant and confused. Hence, I will advice him to take a break first, give him plenty of time to analyze his mistakes and let him be the one who provide solutions for it (with my advice of course). And when he already recovered then he is now ready to back on track as a wiser person.
That’s a normal reaction for every human being, even I myself would do the same thing whenever I lose a huge amount of money in trading. But we are usually the ones that makes the mistake ourselves. If you want to get involved in any risky business as trading, you need to invest an amount of money that you can afford to lose and not what you can’t afford to lose. You never know what may be the outcome of every investment you make, so invest what you can afford to lose. Actually your steps are quite nice, maybe I'll say it but will not definitely push it into someone who lose a lot because I know that he is still hesitant and confused. Hence, I will advice him to take a break first, give him plenty of time to analyze his mistakes and let him be the one who provide solutions for it (with my advice of course). And when he already recovered then he is now ready to back on track as a wiser person.
I think those who have lose most of money they will be unhappy because of the loss they suffered from BUT for me i have to use my funds in the diversify investment and to minimize the risk which is always there in the crypto market. And it has make me happy that all the time i have secured my self from losses and these are the ways through which we can make profit.
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 .
that's very good indeed, to be honest I was ignoring things like this when I started trading so I was very difficult to control myself from the fear of loss. and maybe i will try your suggestion. thanks. 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 .
Thanks for the tips you gave. Here, it will help lots of people who are into confusion and not knowing what to do. I usually set my goals for every year (what I want to achieve from cryptocurrency) and when I do that, I divide them into several for each month of the year.
For example, if my plan is to achieve $12 by the end of the year, I divide it to $1 in every month; so that means that every month I am fighting for $1. In that way, I’m able to achieve my plans easily. But if you plan to hit the target at once, you will find it very difficult. Slow and steady wins the race.
For example, if my plan is to achieve $12 by the end of the year, I divide it to $1 in every month; so that means that every month I am fighting for $1. In that way, I’m able to achieve my plans easily. But if you plan to hit the target at once, you will find it very difficult. Slow and steady wins the race.
Loosing money is part of investment or trading but we take decisions rationally to minimize the risk of losing.Invest in different coins and if you losing hold for long term till maximize the profit.If still price falling buy more coins in cheap price to recover the losses.
When you invest and fail, be calm and remember that if you are still alive, you can still take back the lost money in the market and absolutely never think of foolish things. Continuing to draw on the experience for yourself from those failures will be extremely valuable lessons that no one can teach you except financial markets.
if I lose a lot of capital in trading, maybe all I will do is pause from trading activity and try to calm myself, after that I try to find the location of mistakes I have made in trading, examine every decision I have taken , so I can get back to trading well and can make a profit from a trade
Only invest the amount that you're ready to lose and all will be well.
Sobbing over lost money that you've gambled away isn't really mature thing to do.
Trading is serious business with great risk involved.
Sobbing over lost money that you've gambled away isn't really mature thing to do.
Trading is serious business with great risk involved.
I think consider your attitude to trading, set new goals and achieve them taking into account all mistakes that you have done previously. To my mind, this is the best possible problem solution because there is no point in being depressed
The first attitude to trading is to take it as a profession and know that there are no way you can ever succeed in any profession without some very good knowledge of what you are doing.Many people ignore this part and think it is just a child's play where you just hit the charts immediately and start buying low and selling high until they start doing it the other way round based on how they did not do the right thing at first and with this, there is no way they will ever know what to do even when losing money. That makes me wonder what some people believe the stop loss function is for.
If that's a mistake, then you must not do it again and again, because losing money can be so hard to move on specially when you only have some of it. Moving on is the best ways to do, and make it as you're warning all the time that you won't commit the mistakes that you've done due to trading failures. Trading isn't a game but a serious job to do, so you must keep the principle in mind that don't buy at dumping price but rather buy during pumping price so you could hold until you gain enough profit.
Thank you for this interesting method! I believe that the main thing in this situation is not to despair, but to draw the right conclusions. This will allow not to repeat these mistakes in the future.
I think consider your attitude to trading, set new goals and achieve them taking into account all mistakes that you have done previously. To my mind, this is the best possible problem solution because there is no point in being depressed
The first attitude to trading is to take it as a profession and know that there are no way you can ever succeed in any profession without some very good knowledge of what you are doing.Many people ignore this part and think it is just a child's play where you just hit the charts immediately and start buying low and selling high until they start doing it the other way round based on how they did not do the right thing at first and with this, there is no way they will ever know what to do even when losing money. That makes me wonder what some people believe the stop loss function is for.
do not regret it keep confident and ever despair because trading in crypto is very risky, maybe today you fail but tomorrow or the day after tomorrow maybe you profit
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 .
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 .
Such a valuable information you shared,I add here from my side if you want to losing money dont panic sell and hold with patience.If you have affordability buy more in cheaper price and hold. Keep in mind ups and down part of the market if market crash then market also goes up as well just need to hold with patience till reach the maturity.
Very well said, I agree. Thank you very much for sharing your ideas. I will use thise strategy as I explore this cryptocurrency. And as an additional, remember that failures and loses will make you to develop yourself better than before.
Loosing money is not the end of your life. Educate yourself about the technology you have been investing in and start again. Invest for long term because there has been a very consistent and steady rise in the value of for example Bitcoin for the last few months and when you hold for long, your per unit percent profit rises as well. Business is not all about the money, it is just about the mind setup you have and making the right move in the right time.
To be honest, I will understand a particular person if he decide to quit after a devastating loss because that's a natural response of a human. Even if we advice him to follow the steps you suggested, his mind will not accept it easily since fear and frustration already come into him.
Actually your steps are quite nice, maybe I'll say it but will not definitely push it into someone who lose a lot because I know that he is still hesitant and confused. Hence, I will advice him to take a break first, give him plenty of time to analyze his mistakes and let him be the one who provide solutions for it (with my advice of course). And when he already recovered then he is now ready to back on track as a wiser person.
Actually your steps are quite nice, maybe I'll say it but will not definitely push it into someone who lose a lot because I know that he is still hesitant and confused. Hence, I will advice him to take a break first, give him plenty of time to analyze his mistakes and let him be the one who provide solutions for it (with my advice of course). And when he already recovered then he is now ready to back on track as a wiser person.
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 .
Yeah,strongly agree on this, before investing something you already know what are the consequences. And loosing is part of it, that is the reality in a trading. Acceptance is one way of motivating yourself to move on. Learn every failure and don't give up! 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 .
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 .
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 .
Close your laptop/ PC and leave the market, take time for vacation. That's what I do when loss become mine, in this situation I can't think anything right and if I push my self, all my decisions will become disaster. Mostly I agree with your post, to recovery our mind and asset also need time. Enjoy the journey and never push to hard.
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