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Topic: What's the Amount of Lose that will force you to stop? (Read 361 times)

sr. member
Activity: 630
Merit: 291
Bitcoin in Niger State💯
I think majority of people just call it quit when they encountered loss because they are still lacking of the ability to trade and knowledge, that's why 90% of trader quits. the other 10% though are the people who just don't surrender and keep improving.

Futures or perpetual trade is usually the scary one for me but it's not like I'm being scared of entering any trade, all I usually do after studying my trades and understanding the market trend for the coin, I stake an amount I know I can afford to lose if things go south then go ahead with my trades. Most of the time I don't bother to stop loss but will always have a calculated target on my mind to take my profits.

As for Spot trades, it's usually easier for me to decide what I want from the trade. What I do most of the time is try to pick on the less volatile coins and invest 70% of my funds there. The remaining 30% is invested on the highly volatile memecoins I've studied.
legendary
Activity: 2576
Merit: 1043
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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. Wink

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. Cheesy

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. Cheesy
hero member
Activity: 2758
Merit: 675
I don't request loans~
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Idk if I improved or not, but I'm still trading. I sure as hell lost quite a lot early on, even made me leave for about 1-2 years. Came back from it though by just DCA and now I'm back to some small trades here and there.

For separate trades, it depends. On good coins, I can stomach low losses only since I'd have invested a hefty amount for it originally, so a loss can still amount to some amounts. I usually correlate it with how much I want to trade (or can trade with) so it varies. On some random shit coins I found then 100% can lose it all. It's a small amount anyway, and it's similar to gambling in those types of coins hoping to hit that 200,300% profit lol. Amounts invested there probably wouldn't even amount to 5% of whatever amount I have.

For a complete stop? Probably never. I'd probably continue doing some amount to this even when I've retired.
legendary
Activity: 2604
Merit: 2353
-80% of an (initial) order is not the same thing as -80% of your bankroll. If you manage correctly your bankroll, you don't place a large amount of your bankroll in one single order. You should have a minimal risk management strategy. Actually you shouldn't place trades allowing you to lose more than 3% or your bankroll. It could be very frustrating to only place 200 or $300 long or short orders when you have a $10 000 bankroll dedicated to your trading activity but it's the only way to trade safely.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
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...
Never take advice from someone who isn't in the same profession/trade as you're in or who doesn't share the same dreams and aspiration as you're. Most times, that end result is catastrophic and time wasting.

Back to the main issue of discourse, diehard gamblers won't mind how much they're losing to quit. They keep gambling. As for me, 10% loss of my capital in a day is enough to make me pause.
legendary
Activity: 1820
Merit: 2700
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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.

Well, that's a pretty rough week you had. Wink But you should know that even experienced traders have losing streaks. No one can have all their trades perfect. Luckily, your positions were not that big so the impact on your overall portfolio is relatively small.

Don't be discouraged by this little setback. Keep practicing, and keep learning. I'm sure you'll find your rhythm eventually.
hero member
Activity: 3010
Merit: 794
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’m surprised that you don’t use stop loss on your trade which can save you a lot of money instead of taking a loss at 80%. Surely trade already went south if you are already in loss greater than 50% which is already a sign to abort your trade.

Answering the question, I usually just trade 10% of my capital on each coin while I always set a stop loss close to 30%. I don’t to take loss more than 50% of my allocated capital since there’s always a chance to recover on other trade instead of sticking on losing trade.

Most just endure the loss that always result to more losses while they can always open trade with better strategy.
One of the situations that could really be able to happen on your part is on the moment or time that you wont really be making use of stop losses. People do really that get confident with their positions on which
they do really that forget on setting up some stop losses because they've been that too optimistic that their positions are really that indeed precise and could really be able to hit up their price targets.
Whereas, they do somewhat forget that market could really be able to move into the way on which it will really be that too opposite and could really be able to blow up your trading account with ease.
We do know on how unpredictable market is and if you arent that having those proper risks management and handling out then you will be ending up on this way.

On the moment that you have decided on touching up this space then it will really be always that recommended that you should really be that wary on the actions that you are really taking into.
You cant really just that simply make yourself having that kind of actions without considerations on trying out to make some back up plans along the way.
hero member
Activity: 2996
Merit: 808
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’m surprised that you don’t use stop loss on your trade which can save you a lot of money instead of taking a loss at 80%. Surely trade already went south if you are already in loss greater than 50% which is already a sign to abort your trade.

Answering the question, I usually just trade 10% of my capital on each coin while I always set a stop loss close to 30%. I don’t to take loss more than 50% of my allocated capital since there’s always a chance to recover on other trade instead of sticking on losing trade.

Most just endure the loss that always result to more losses while they can always open trade with better strategy.
sr. member
Activity: 560
Merit: 265
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.

To acquire the needed skills for trading is a must for me considering the emotional impact of having to experience much loss from trading. That's why demo trading accounts is important for anyone willing to try trading, inorder to have an experience first which prompts the decision of course to do real time trading or not.

Any amount I use to trade at any given time is surely an amount I may have no immediate use for and also because I believe that I have grown in confidence and knowledge on the best approach for my analysis, that's why i used such an amount and wouldn't consider it much loss because there is going to be a time for raking in the profits.

The trading market is the two sides of a tossed coin and one is a loss the other gain, so it isn't enough reason to quit just yet because unlike gambling where winning is by chance, trading is a technical process and wherebeit one has the right knowledge and discipline, there is bound to be profit and loss at anytime.
sr. member
Activity: 644
Merit: 298
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.

There is this thing about trading that I usually say to people, Knowledge in trading just gives you 10% to 20% edge the remaining 80% of its success is about your psychology. This knowledge I say is all this technical analysis, fundamental analysis and even knowledge about risk management this is common knowledge but how many people can actually boost of sticking to their trading plans, like not closing trade when it is at a loss, I think very few and that’s why not many people can be successful traders.

Personally I think if you have proper risk management and sticking to your trading plans your losses wouldn’t be that bad that you will consider giving up, yes there are periods where you will need to take break after loses to hi and backtest your strategy once again and come back.

You shouldn’t be trading without stop loss or having liquidity price right before even your stop loss that is definitely not quite a good way to trade. So re strategize and do not consider giving up. As for the question yes I have had such experience but didn’t give up rather took a long break of like 5 months
hero member
Activity: 3080
Merit: 603
So, my questions are, no matter your losses in trade, will you quite or improve your skill?
It's hard to answer this because sometimes our ego are trying to deceive us. Even we're already dwelling with losses and we're an actual loser, we don't want to be called one so we don't stop even with significant losses. But there are also times that we accept defeat and that's how we learn for our betterment. So, if I lose a lot, I'll improve my skill but there are also times that it's good to call that moment as a defeat that we have to accept so that we can move on with better opportunities.

What is the amount of money you will lose before you finally call it an end of road for your trading journey.
80%-95%.
sr. member
Activity: 630
Merit: 277

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.
Quitting just because of a one time loss is not justifiable enough, i see losses as an opportunity to learn some lessons. So, any serious trader should do same too and follow trading with a different approach if they incur such loss. But, this will depend on the individual and his risks tolerance. I do not think there is any more reason to still trade if you make that much loss, you learn from your mistakes by improving you skills, yet there are no improvements. This means trading isn't just your thing, it is okay to quit. This might take a toll on your emotions, making you make further impulsive decisions.

 
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
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.
First of all do u trade futures here?

I do know this pain like our guess usually was right I mean in the long term like 1-4H candle but sometimes the price need create another high or another low before go to our direction. For me I just need more liqudity hahha so if you ask me

What's the Amount of Lose that will force you to stop? if the futures till I get liquidated hahhaha which not a good example for the other haha, it because I have budget for futures trade but you know recently I also get rekt like 500 usd trying to get that back haha
hero member
Activity: 1736
Merit: 501
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 think all traders must have had bad experiences in trading and have experienced big losses, including myself. However, these losses did not stop me from continuing to trade, in fact these losses taught me to be more careful in making decisions, and of course these losses will improve our skills.

In the past, when I first started trading, my trading psychology was already very damaged. When I lost, my desire to continue to return the capital was very great, even though in the end I experienced a big loss.

In trading, the possibility of failure is always there, that's where money management plays a role in trading. Indeed, the main function of a trader is to limit losses, don't be ambitious in pursuing profits, the more ambitious the more losses. Mentally must also be truly ready and patience is also tested. That is the lesson I learned from every loss I experienced in every trade.
hero member
Activity: 1064
Merit: 589
no amount of lose can stop me from trading but I guess i will stop trading when I goes broke because of losses streak Grin but in general so far I still in profit, the risk management is key, do SL, don't let liquidation robs you of your money, liquidation was never fair to begin with, I mean the exchange will just close your position even when the margin can still be mantained, when I realized that, i just do SL and proper risk management.

I think majority of people just call it quit when they encountered loss because they are still lacking of the ability to trade and knowledge, that's why 90% of trader quits. the other 10% though are the people who just don't surrender and keep improving.
There should be nothing that can stop trading when we have started it, no one can predict losses in trading, we are always optimistic about the trades we make, so if there is an excessive loss, it is part of the risk.
And for the SL mechanism so as not to experience major losses from the trades we make is a technique that comes back to each individual and I am sure that if we can control our emotions when trading, then in one trade we make it will not have a major impact on excessive losses, unless we are greedy and do not want to apply SL.
I agree that risk management is the key, so we can minimize the losses that we can get. Maybe I call it to stop for a moment, I mean when we lose we can stop for a moment to restore our emotions to be more stable. Because usually that's what makes us feel a greater loss, yes, that's when we trade in an unstable emotional condition because it will affect our psychology when we analyze and maybe we ignore something that we shouldn't ignore, such as managing risk and so on. But it also comes back to our decision, when we think it's time to stop for certain reasons, then make a decision. Don't let us trade in a feeling of doubt between continuing and stopping.
hero member
Activity: 2968
Merit: 687
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.
Whenever i have seen myself seeing my port on having that -50% then i would be having that kind of impulsive emotion that i would really be going through until the end and wont really be tending to cut loses.
Yes, its really that a gambler like kind of approach but we do really know that there are indeed times or your intuition telling you that you should really be that continuing on what you had started.
There are times on which i did make out some recovery and nearly be able to hit up that liquidation price and there are those times or moments that it did really hit up my position and got liquidated.
The thing on here is that you do really know on how to set up those risks management on which you wont really be tending to chase up those losing positions. These kind of situations would really be that entirely be depending on a certain trader because there are ones who are really that good when it comes to emotion handling and really that having that set up those risks management well, in case there's a loss then they do already have accepted it and have already made out some decisions on trying out to find out on which method or strategy on which it will really be work on your part.
full member
Activity: 532
Merit: 229
no amount of lose can stop me from trading but I guess i will stop trading when I goes broke because of losses streak Grin but in general so far I still in profit, the risk management is key, do SL, don't let liquidation robs you of your money, liquidation was never fair to begin with, I mean the exchange will just close your position even when the margin can still be mantained, when I realized that, i just do SL and proper risk management.

I think majority of people just call it quit when they encountered loss because they are still lacking of the ability to trade and knowledge, that's why 90% of trader quits. the other 10% though are the people who just don't surrender and keep improving.
There should be nothing that can stop trading when we have started it, no one can predict losses in trading, we are always optimistic about the trades we make, so if there is an excessive loss, it is part of the risk.
And for the SL mechanism so as not to experience major losses from the trades we make is a technique that comes back to each individual and I am sure that if we can control our emotions when trading, then in one trade we make it will not have a major impact on excessive losses, unless we are greedy and do not want to apply SL.
Trading is a place where we have to be ready for everything, our biggest enemy during trading is greed and emotion. We have to always keep emotions under control while trading. Because controlling emotions is very important to use SL effectively.
We have to be aware while trading, and have complete experience in risk management. We have to always be ready to use SL (stop loss), TP (take profit), at the right time, and for this, controlling emotions and greed is very important.
However, trading should always be planned and disciplined, and trading should always be done using the right strategy.
sr. member
Activity: 1148
Merit: 432
no amount of lose can stop me from trading but I guess i will stop trading when I goes broke because of losses streak Grin but in general so far I still in profit, the risk management is key, do SL, don't let liquidation robs you of your money, liquidation was never fair to begin with, I mean the exchange will just close your position even when the margin can still be mantained, when I realized that, i just do SL and proper risk management.

I think majority of people just call it quit when they encountered loss because they are still lacking of the ability to trade and knowledge, that's why 90% of trader quits. the other 10% though are the people who just don't surrender and keep improving.
There should be nothing that can stop trading when we have started it, no one can predict losses in trading, we are always optimistic about the trades we make, so if there is an excessive loss, it is part of the risk.
And for the SL mechanism so as not to experience major losses from the trades we make is a technique that comes back to each individual and I am sure that if we can control our emotions when trading, then in one trade we make it will not have a major impact on excessive losses, unless we are greedy and do not want to apply SL.
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
Never? I mean I am trading in a way where none of my trades are ever that much so if I lose 100% then I am not still losing that much, and assuming that all of my trades end up with 100% loss, or my account gets hacked, I still do not have enough in crypto to say that I will stop forever. I made enough from this market to say that I am in profit, so if all of my crypto today ends up at zero, I am still not going to forget about the past and stop, because in the past I made a living from this, still making a living out of this and that means I am going to keep trying, I would just deposit back again and keep trying, and will never stop.

I have been in this market for way too long to stop, and I have seen what's the worst that could happen, and you do not lose 100% of your entire capital that easily, at least if you know how to trade. I know how to trade a bit, even if I do not make a profit, at some trades I make a loss, but not big enough to stop at all, and that's the worst part.
hero member
Activity: 1540
Merit: 812
Leading Crypto Sports Betting & Casino Platform
I didn't just come up with this question but it was inspired by how others feel towards the losses of traders.
Losses will always be the basis for people to stop trading and it is influenced by how ready they are to lose money. I lost $1,000 in the initial trade even though it didn't happen all at once and from the experience I went through at first it did affect psychology.

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.
Personally, I don't stop and continue to improve my skills to trade more maximizing the consideration of risk of loss. But because trading is not always according to desire because talking about strategies that sometimes do not go according to conditions, at certain times I also experience losses. The most important thing is mental readiness because trading can not always produce profits as we want and a pattern to maximize risk must be created, at least we can stop trading if in certain conditions it does not go well and continue again in conditions that we consider to be more profitable in the market.
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