In my trade yesterday, I experienced about -80% lose, although I intentionally did not want to close that trade because I believed that there's going to be a pull back following my analysis, but I was so damn wrong, the trade almost reached my liquidation price which forced me to close the trade.
I've experienced this as well. 3x myself when I'm still learning futures trading and one time when I copied a lead trader and saw my initial capital lost 80% until I lost it all.
Sometimes, you just need to believe on your gut feeling on the trade that you're creating. I mean after that losses that I experienced, I'm not experiencing losses of 80% anymore because... I'm always putting a stop-loss whenever I open a position. I think you should do it in your next trades as well to prevent scenarios like that.
Somehow, I talked about it and a few of my crypto friends that doesn't trade, told me that if they actually experience such lose, they will not trade again and the other said that the reason he stopped trading was because he also experience several losses.
Experiencing losses in trading can really destroy your self and you will come to a point where you're cursing trading, and you don't want to trade anymore. I knew it because I've experienced that, but here I am trading again because I want to make money off of it. That's all.
So, my questions are, no matter your losses in trade, will you quite or improve your skill? What is the amount of money you will lose before you finally call it an end of road for your trading journey.
Gaining experience = improving your skill. The more trades that you will be making along the way, the more experience you will gain thus, the better you will be along the way. As for the amount of money I can lose before I stop, if I lose it all, I'll stop... for a few months then if I have enough money again, I'll trade again.