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Topic: What you should do when you lose most of money? - page 39. (Read 5571 times)

sr. member
Activity: 756
Merit: 252
I think everyone had experience losing money in trading in the past and what i observe especially with my friends that are new here in crypto is that they quit trading and they think they can't do it. But i think how can we learn here if we don't experience from failure. We need to learn first and stop whining that trading is just a waste of money and time. We should accept learnings here and try to use it as advantage in the future. After we learn then maybe we could earn like what others had thought me.
The attitude of your friends is without a doubt mistaken, it is very rare that anyone is any good at any activity when you are just starting out, most of the time you are going to suck, you are going to be terrible at it but you need to keep practicing, if you really want to become a talented trader you have no option but to keep trading, those that give up at the first sign of trouble are never going to become good at anything.
newbie
Activity: 177
Merit: 0
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
 


If l lose more money maybe l should trade so that l will get it back.l really have to get it because l need it for the future of my kids.l have to save for their future because lm not on their side forever.l have to save money for them so every lose coin l have to get it back.
member
Activity: 294
Merit: 10
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
sr. member
Activity: 315
Merit: 250
I think everyone had experience losing money in trading in the past and what i observe especially with my friends that are new here in crypto is that they quit trading and they think they can't do it. But i think how can we learn here if we don't experience from failure. We need to learn first and stop whining that trading is just a waste of money and time. We should accept learnings here and try to use it as advantage in the future. After we learn then maybe we could earn like what others had thought me.
newbie
Activity: 196
Merit: 0
Potential loses is part of successful trading and if you professor is trading then you should be ready to lose money. Many people did not know that for you to succeed you must taking a very serious risk and risk is a two way things and that is you either succeed or you fall. You should have this in mind first before ought for investment and if you lose all it is not your life you lose.
Well if it done then it done because we can't do anything to bring it back. When I first experienced this lose of my most money of course it was disgusting, I feel hopeless and I don't know what should I do to make up on my lose but then I'd still believe that I can do anything to make up on it and try to get what I lost.
Although in the name of trading and investment are risky to task , because there is no guarantee that you'll win ,for the first time  ,,because loses or win  its part of the game when you play,( specially in trading market or investment from decentralized money,)But the essence of thinking always positive the are most important thing to set our mind when we loses a huge of money..because its only one thing to move on in the past and start from new life and perspective..
full member
Activity: 518
Merit: 100
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!
legendary
Activity: 2758
Merit: 1004
PredX - AI-Powered Prediction Market
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.
you are right. losing money from trading is a risk of trading itself. when that happens, I think we should just try to be patient, and accept it. we just have to be eager to achieve the previously failed targets.
newbie
Activity: 146
Merit: 0
Potential lose and gain in trading is normal, When you trade,the first thing you must know is the situation of the market. wich coin has a great trading signals. In my experience when im doing trade is i am always looking for token that is new listed in particular exchange, because fomo is always happening in the new listed coin. In that case you can do scalping method, it is proven for me i am gaining profit in that way. if you want not to lose that much you can set your own stop lose. Lastly,patient is the most important in trading.
legendary
Activity: 938
Merit: 1002
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.
hero member
Activity: 728
Merit: 502
Learning from your mistake as some other people here in this forum recommend to me it means you have already fail. I will advise you to learn from other people's mistake and in doing that you will see positive progress in your trading career despite the fact that one cannot completely deviate from lost in trading crypto currency.
When you lose most of your money if invested in a currency that may be cryptocurrency and as well as the fiat currency but the situations are the same and that does not mean that the money source can be a specific one but can be anyone. We have to look into this issue regardless of the source in which loss and profit exists. A person when lose money should learn from the wrong decisions and to proceed forward with accurate and guiding principals.
sr. member
Activity: 616
Merit: 250
For me it's hard but it can be alright because when it comes to trading it's normal if you loose in trading. but it's not normal is you always loose in trading there's a difference.
sr. member
Activity: 518
Merit: 250
What I do when I lose most of my money is that I dont look at my portfolio instead I try to see if I have some extra cash to buy coins and have my investment diversified again so I would have lesser losses. I just dont sit around and wait for a miracle to happen.
legendary
Activity: 1862
Merit: 1015
First, you must brace yourself that crypto trading is not easy as it looks.
Second, if you able to overcome the risk then you will gain the result.

For example : on 2009 , it's easy to earn 100 btc in 1 day but it's impossible for current year ( for new trader )
If you can afford to loss , you may earn and loss without being expected so beware !
full member
Activity: 447
Merit: 108
Learning from your mistake as some other people here in this forum recommend to me it means you have already fail. I will advise you to learn from other people's mistake and in doing that you will see positive progress in your trading career despite the fact that one cannot completely deviate from lost in trading crypto currency.
member
Activity: 158
Merit: 10
When you loose most of your money you will feel alot of emotions like Anger, Fear. etc. but of course you can still stop trading if you can't handle it.
full member
Activity: 353
Merit: 100
There's nothing you can do, the best thing that is left for you is just to learn from your losses. It is part of the risk that you have taken when you have invested or trade. As an investor you are aware of the risk and you should be prepared or you should have some counter measure to at least lessen the risk of losing money in investing or trading.
member
Activity: 294
Merit: 13
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
 


Well, I agree with you, and I think step 3 is learning by doing (experience is a better teacher). So, there is different between people know trading from 10 years ago and people know trading just a few months ago although people who know a few months smarter than people know 10 years ago.
hero member
Activity: 2268
Merit: 579
Leading Crypto Sports Betting & Casino Platform
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
 


I don’t see any relevance to your steps in the original title of your post OP. Yours steps should be done prior to the trading parse. What I’m expecting from your title is what should be the steps of recovering after the loss on the trade. May I suggest to change your title to what steps should we do before trading? Any thoughts agree or disagree?
Yes,I totally agree to what you said cause I'm a bit disappointed with the OP post cause I was hoping to learn fresh ideas of cryptocurrency trading but going through the OP post I learn nothing. However, I believe it better to hold ones coin or convert to Tether if when ones is loosing his or her investment.
member
Activity: 505
Merit: 35
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
 


I don’t see any relevance to your steps in the original title of your post OP. Yours steps should be done prior to the trading parse. What I’m expecting from your title is what should be the steps of recovering after the loss on the trade. May I suggest to change your title to what steps should we do before trading? Any thoughts agree or disagree?
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
[....]

the points that you posted are very good and very important, if people follow then they will be able to have clarity of what they are doing, but when you lose money the story is another, you first panic and then you sell because you think the currency will be zero then have to sell it as soon as possible so do not lose all my money, but this price is because people are not investing in the long term, because they borrowed money or because they were greedy and deluded thinking they would make lots of money fast
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