For me, it isn't about a single loss, but if the cumulative amount I have lost is more than what I could afford to lose, I guess I won't have an option other than quitting for the time being. This is why I think it is not wise to get into trading with money that you can't afford to lose because the market is unpredictable, and you can't expect to win all the time. Even experts lose trades, but they don't quit because they use amounts they can easily afford to lose and use backup funds to recover their losses with other trades.
If you are not experienced, don't get into futures trading in the first place because it will be difficult for you to earn money in that area. If you have experience and knowledge, you should know how much money you should use, what your stop-loss limit should be, etc. With everything in place, you shouldn't face situations where you must rethink your decision to be in the market.
Topic: What's the Amount of Lose that will force you to stop? (Read 71 times)
Heavy loss such as 80% will hinder your trading capital and if it keep repeating again then you will lose the entire trading capital and that's the situation that force anyone to stop trading because that's the only way.
I would not take that approach, my safe limit is 20% so the stop loss will be at the range so at worst my loss will be 20% only and if there's an incident then I incurred 80% loss, I will not exit the trade, I might face the 100% loss or pump on the price after a while which seems logical to me than existing with 80% loss.
I would not take that approach, my safe limit is 20% so the stop loss will be at the range so at worst my loss will be 20% only and if there's an incident then I incurred 80% loss, I will not exit the trade, I might face the 100% loss or pump on the price after a while which seems logical to me than existing with 80% loss.
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There must be a lot of you betting for the price to drop only to find out it continues to shoot. It leaves us guessing when it will happen during the bull market.
Funny how you said it but when it comes to me entering any position, am not among people that "guess." I follow my strategy which usually suggest the direction of the market but you can not be right all the time. Guessing can only make you lose more money than you expect.
Losses are part of the game, but I’m a bit surprised you lost during a bullish market. Didn’t you just follow the trend?
Will I improve if I lose? Absolutely..... Everyone experiences losses in trading, but you know the secret? The key is to learn from your experience, and trading should be approached as a long-term activity, so you could improve your skills improve. That’s the kind of mindset you need to develop.
Will I improve if I lose? Absolutely..... Everyone experiences losses in trading, but you know the secret? The key is to learn from your experience, and trading should be approached as a long-term activity, so you could improve your skills improve. That’s the kind of mindset you need to develop.
Yea, losses are part of the game. I was not shorting, it was actually a long position I took but I took the wrong entry point.
You are absolutely right about learning from one's losses.
There must be a lot of you betting for the price to drop only to find out it continues to shoot. It leaves us guessing when it will happen during the bull market.
I tried something like this in the past thinking there would be a pullback because the price had already reached the overbought line. That time I was thinking of adding more funds to my account so it wouldn't hit the margin, I guess it was a bad call. It also liquidated my funds.
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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.
I've learned how important it is to be patient and stick to your discipline, even when things get hard. Quitting has crossed my mind a few times, but at the end of the day I don't want to give up on my goals.
I have been quitting since 2020 till this year but I realized that quitting is not me being wise. I just need to apply a good risk management to archive my goal.
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By the way, you never mentioned how much money you actually lost on that trade. An 80% loss might sound a lot, but it's all relative. It depends on the size of your position compared to your overall portfolio. For instance, how does that loss compare to your total income?
When I started this month, my overall portfolio was just $10, my plan was to keep scalling till I get to $100 by the end of the month. During the first week, all my trade was successful and I scaled to $28.
Last week I lost half of it. So, I started with $15 this week and all the trades I took on Monday, Tuesday and Wednesday was successful, making my overall portfolio $32. Yesterday, I took a long position with just $12 position size, but it was a bad day, so I lost -80%. That lose took back all the profit i made in the past weeks.
I will not quit trading no matter how much my losses are in trade because I know that is the risk of trading. I don't want to lose the other opportunity to make a profit so I don't think that stopping trading will be the best solution for me. We should know ourselves to know if we have almost reached our limits in trading so we can decide wisely. If you think you will stop trading when you lose huge money, that will be up to you because you need to decide by yourself.
Besides that, you control your funds to trade and you know how much money you will have. So you can decide based on what you have and will not regret with your losses before. But if we can prevents the losses becomes big, we must do that before everything is changes and makes us lose more money.
Besides that, you control your funds to trade and you know how much money you will have. So you can decide based on what you have and will not regret with your losses before. But if we can prevents the losses becomes big, we must do that before everything is changes and makes us lose more money.
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.
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.
Losing in trading are inevitable. There is no trader who has not experienced series of losses. And it is nothing to be pained about unless you do not have the passion for trading because at the end of the day it is your motivation that would keep you going. The trading gurus we will have today who order people copy their trades have experienced more losses than those who copy them. Like they say the master has more rags than the trainee/servants/apprentice. Taking a break is allowed but quitting because of a loss isn't allowed unless you don't have big goals for why you got into trading. 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.
Losses are part of the game, but I’m a bit surprised you lost during a bullish market. Didn’t you just follow the trend?
As for the question about what level of loss would make me stop, the answer is simple... when all the funds I’ve allocated for trading are gone, that’s when I stop. I set aside a specific amount purely for trading, so there’s no point in stopping when I’m down 80% if I still have funds left. If you’ve budgeted money for trading, you need to stick to that allocation strictly.
Will I improve if I lose? Absolutely..... Everyone experiences losses in trading, but you know the secret? The key is to learn from your experience, and trading should be approached as a long-term activity, so you could improve your skills improve. That’s the kind of mindset you need to develop.
As for the question about what level of loss would make me stop, the answer is simple... when all the funds I’ve allocated for trading are gone, that’s when I stop. I set aside a specific amount purely for trading, so there’s no point in stopping when I’m down 80% if I still have funds left. If you’ve budgeted money for trading, you need to stick to that allocation strictly.
Will I improve if I lose? Absolutely..... Everyone experiences losses in trading, but you know the secret? The key is to learn from your experience, and trading should be approached as a long-term activity, so you could improve your skills improve. That’s the kind of mindset you need to develop.
Depends on the amount and coins.
The shitty the coins and the lower the amount, I don't mind to take high risk, like losing 99% of the amount in order to earn more than 200%.
If it's a good coin and I use high amount, I will be very safe, even I only earn 1%-2% of my money, I will call it a win.
Losing in trading is a part of learning.
The shitty the coins and the lower the amount, I don't mind to take high risk, like losing 99% of the amount in order to earn more than 200%.
If it's a good coin and I use high amount, I will be very safe, even I only earn 1%-2% of my money, I will call it a win.
Losing in trading is a part of learning.
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.
People who like trading may not allocate the amount of their losses, but will see the amount that has been obtained from their trade. If the loss is greater, maybe there should be consideration to see the actual gaps or mistakes made in their trade. If the error can be overcome, it is very possible to continue trading. But if in the next trade the same loss still occurs, maybe stopping trading first is a wise choice. I don't know the exact amount for me to be able to get out of trading, but I have now started to trade very rarely. But in situations that I rarely do, I actually profit very often in my trading. Unlike when I used to trade almost every day, I lost more often. 
I didn't just come up with this question but it was inspired by how others feel towards the losses of traders.
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.
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.
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.
That depends on what you are talking about, if we are talking about my whole capital then a loss of 50% would be my limit, but keep in mind I will never allow myself to lose all that money in a single trade, since most books recommend to only allow yourself to lose 2% of your capital per trade, so I would need to lose 25 times in a row in order for this to happen as quickly as possible, something that while difficult is not impossible, since there was an instance in which I lost 18 trades in a row, however I did not lost the maximum allowed on each trade so my losses at the time were around 30% and I eventually recovered what I lost. 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.
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.
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.
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.
I've definitely had some tough losses in my time, but I think going through those struggles has made me stronger overall. I've learned how important it is to be patient and stick to your discipline, even when things get hard. Quitting has crossed my mind a few times, but at the end of the day I don't want to give up on my goals.
I dont think there's some magic number where you just decide to stop and it's more about where you're at mentally and if you can handle the risks that come with this game. If youre super stressed out and making choices without thinking them through, it might be smart to take a step back and reset.
By the way, you never mentioned how much money you actually lost on that trade. An 80% loss might sound a lot, but it's all relative. It depends on the size of your position compared to your overall portfolio. For instance, how does that loss compare to your total income?
What I tell traders is that trading is taking time, energy and it is not easy. So it is very important to make money from it. If you are trading and see yourself losing, it is better you quit trading, especially if you have been trading for many months of no good result.
Trade also with the amount of money that you can afford to lose if you have just started trading. Also altcoins are very dangerous because they are more volatile.
Trade also with the amount of money that you can afford to lose if you have just started trading. Also altcoins are very dangerous because they are more volatile.
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Activity: 770
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I didn't just come up with this question but it was inspired by how others feel towards the losses of traders.
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.
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.
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.
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.
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.
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.
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