You Learn More from Losses than from Wins - page 7.

SirLancelot

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Quote from: Nrcewker on January 14, 2023, 12:07:21 PM

Quote from: ?? on ??

I have less experience about trading have not fully devoted full time to focused on trading, but rather trying my best to know about bitcoin, although I understand trading do requires lots of studying and analysis, the other day I tried using binance feature I ended up swiping my account. It was my husband who have been trying to educating me more on fund & risk manager.

If you don’t have any knowledge on trading, then it’s beneficial to completely avoid it and that too with real money. I am hoping that the money you lost was not huge. Moreover this doesn’t mean that trading is hard or you can’t make money from trading. Just make sure that before investing any real money you will practice all possibilities and learn to read the market. This loss is just a lesson, that you will learn and eventually use this to make good profits in trading. As said before and mentioned in the OP, losses truly teaches us lessons.

Yeah, every trader may feel discouraged after losing money, especially if you're new to the market. The fact that you're trying to educate yourself more on funds and risk management is a good step in the right direction. It's also great that you have a husband who can guide and mentor you in your trading journey. It's also good to note that not everyone is cut out for trading and it's important to know your own risk tolerance and financial capabilities. It's also important to understand that trading is not a get-rich-quick scheme and it's important to have realistic expectations.

The key is to not let this one loss discourage you from learning more about trading. Instead, use this experience as a learning opportunity and try to understand what went wrong. Try to identify the mistakes you made and think of ways to prevent them from happening again in the future. Additionally, consider using a demo account to practice your trading skills before investing real money.

GeorgeJohn

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Trading needs attention to know it's conditions, because sometimes the risk of trading that skip your mind and you become the victim of losing what you have, the same risks you take can equally make you to become successful. So therefore i want you to understand, that the more you are going in, the more we are experiencing negative step the more we are taking correction.

martyns

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Quote from: ?? on ??

I have less experience about trading have not fully devoted full time to focused on trading, but rather trying my best to know about bitcoin, although I understand trading do requires lots of studying and analysis, the other day I tried using binance feature I ended up swiping my account. It was my husband who have been trying to educating me more on fund & risk manager.

Trading is not something you rush into,or something you just wake up to invest in,you must get some knowledge about it,do some research about it,and know the risks involved in it.
Nevertheless,in trading, experience is the best teacher,that's why more lessons are learnt from loses than when you win,because if you are winning,you always think you did it right,and won't think of other strategies you can apply to make you get a perfect result someother time,but when you are losing,it gives you that space to sit back and re-strategise,and read how the market goes before going into it again.So therefore,the experience and lessons we get from losing is also more important for future winnings.

KennyR

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Quote from: Sterbens on January 15, 2023, 09:53:14 AM

Quote from: SOKO-DEKE on January 13, 2023, 05:29:50 PM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Being inexperienced traders, losses demoralize us greatly, but they can also teach us how to improve in the future by addressing the issues that cause us to lose. I still clearly remember my first trading experience. I lost on my first try, which discouraged me from trying again, but I came back and tried again after doing some research and analysis. This time, I made sure to think carefully about why I lost on my first try, and by doing so, I was able to recognize my mistakes.

As the saying goes, experience is the best teacher. Yes, that also applies to a trader, whether it's starting with a win or defeat. Those who start with losses usually have a bad mentality, because they lose money that they never thought of before. Most people will think that being a trader will be profitable and usually don't consider the possible losses at the beginning. That's what makes our mentality disturbed. But if we don't lose with that I think our chances of becoming a professional trader even though it will be very difficult in the process.

Rather than win, it is the loss that gives better learning. Just think, when we make profit or win in a trade we just pass on and enjoy what we've done. We'll try the same pattern of trade next time and it isn't assured for a win. With a loss, we'll analyse what is the mistake that caused the loss. So, loss brings more learning than wins for a trader.

fullhdpixel

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

As a beginner trader, the first lesson that you learn is often a humbling one. Whether it comes from a win or a loss, this lesson is essential for your long-term success in the market. A loss, in particular, can teach you valuable lessons about the reality of the market, the importance of proper risk management, and the need to respect the market. When you first start trading, it is easy to become overly confident and to assume that you can make quick and easy profits.

However, a loss can quickly bring you back down to earth and remind you that the market is unpredictable and that there is always risk involved. This is why it is important to have a proper risk management strategy in place and to always be aware of the potential for loss. Additionally, a loss can teach you the importance of respecting the market. The market is not something that can be easily manipulated or controlled and it is important to have a deep understanding of the market dynamics and trends in order to be successful.

Sterbens

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Quote from: SOKO-DEKE on January 13, 2023, 05:29:50 PM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Being inexperienced traders, losses demoralize us greatly, but they can also teach us how to improve in the future by addressing the issues that cause us to lose. I still clearly remember my first trading experience. I lost on my first try, which discouraged me from trying again, but I came back and tried again after doing some research and analysis. This time, I made sure to think carefully about why I lost on my first try, and by doing so, I was able to recognize my mistakes.

As the saying goes, experience is the best teacher. Yes, that also applies to a trader, whether it's starting with a win or defeat. Those who start with losses usually have a bad mentality, because they lose money that they never thought of before. Most people will think that being a trader will be profitable and usually don't consider the possible losses at the beginning. That's what makes our mentality disturbed. But if we don't lose with that I think our chances of becoming a professional trader even though it will be very difficult in the process.

Nrcewker

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Quote from: ?? on ??

I have less experience about trading have not fully devoted full time to focused on trading, but rather trying my best to know about bitcoin, although I understand trading do requires lots of studying and analysis, the other day I tried using binance feature I ended up swiping my account. It was my husband who have been trying to educating me more on fund & risk manager.

If you don’t have any knowledge on trading, then it’s beneficial to completely avoid it and that too with real money. I am hoping that the money you lost was not huge. Moreover this doesn’t mean that trading is hard or you can’t make money from trading. Just make sure that before investing any real money you will practice all possibilities and learn to read the market. This loss is just a lesson, that you will learn and eventually use this to make good profits in trading. As said before and mentioned in the OP, losses truly teaches us lessons.

Rockstarguy

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Quote from: Ziskinberg on January 12, 2023, 05:26:21 PM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Losing is a harsh condition but at the same time, it opens our minds and asks ourselves where I am getting wrong. We're getting sad but from having this experience we grow as well.
But if we win, it means that we are performing so well. Our hard work and patience have been rewarded but it mostly happens after we correct our mistakes and lose. This is the result of not giving up despite the hard condition that we face in the past.

Mistakes and loss in trading are always constant for traders to learn and trade in the right direction. Loses should be a reason to learn more and put an end to too much lose. Their has never been any trader who didn't learn trading from his/her mistake. Beginners should never feel bad about their losses in stead it should be a learn and purpose of gaining more knowledge.

SOKO-DEKE

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Being inexperienced traders, losses demoralize us greatly, but they can also teach us how to improve in the future by addressing the issues that cause us to lose. I still clearly remember my first trading experience. I lost on my first try, which discouraged me from trying again, but I came back and tried again after doing some research and analysis. This time, I made sure to think carefully about why I lost on my first try, and by doing so, I was able to recognize my mistakes.

Issa56

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

The first lesson I learned during trading comes from loss. When I started trading I lose lot's of money, I wasted all the money I deposited to my trading account, I struggled before I could get the money and within few day's I wasted all. My first lesson was always trade with the amount you can afford to lose, don't borrow to trade or don't sell your valuable properties just because you want to trade, always use extra cash you are having to trade, don't use all your money.

Kasabus

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Quote from: irhact on January 12, 2023, 05:50:27 AM

Quote from: lalabotax on January 11, 2023, 05:25:07 PM

But on the other hand, losses in trading can actually teach us a lot about why we lose, what went wrong, how to avoid losing, and so on. Many lessons can be drawn from this experience.

Lessons from losses are more valuable than that gotten from profit. The lessons from loss would prevent you from making similar mistakes in the future and that will increase your chances of winning. Most traders only care about the profit and that's one of the big mistakes they do, they underestimate the losses and the lessons it can teach.

But only those who are ready to be successful at trading take note of things they did that lead to the losses they're experiencing and try to do things differently next time so they can have a successful trade. As a trader you will at times experience loss but you don't have to give up.

If you aim to succeed in the future, then quitting is not the best option, except if trading is making you unhealthy already that even your mental and emotional health are now at risk. But in most traders I know, even myself, losses do not mark the end of our trading career, instead it encourages us to trade more and find solutions why we keep on losing, so we can never repeat the same mistakes again. And when that happens, we can eventually minimize from being exposed to losses, and start to maximize gaining profits.

Hamphser

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Quote from: goldkingcoiner on January 13, 2023, 01:41:47 PM

Goldkingcoiner's Trading Tip of the Day:

The less you look at your portfolio, the less susceptible to FOMO you become

Do not look at your ROI, your portfolio or even think about how much money you have made/lost off the current pump.

Do not trade with the current pumps or dumps being your only motivation to trade. We all know what damage catching the falling knife can do. We also know that we will definitely miss out on profit if we attempt to sell on every prediction of tiny up or down movements during a pump.

If you are a holder then this would be the best approach on not to make yourself that checking out on the price from time to time, unless if it does hit your take profit line then it would really be understandable but

if you are a trader who do needs to be that having that active approach or simply facing up this volatility everyday or on very active manner then you wont really be having any choice but to face up with these challenges which is something being part of being a crypto trader or investor.

As for learning then it would be normal that it would really come on the time you do loss and not from a winning trade. Learnings do comes from a mistake and there's no doubt on that.
We do face up different situations in life which there are things which cant really be that avoided no matter how well we are on dealing up with things.

beerlover

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Quote from: Fredomago on January 13, 2023, 11:22:45 AM

Eventually after you realized your mistake you will find good ways to develop alternative strategy, learning from loses is a great motivation to continue aiming for more learning and understanding in regards with the business that you are into, and just like what you mentioned, you will become much better after you find that right patterns that will give you success after you suffer from loses on your first few tries.

It's your determination and your pickup, if you see that there's learning better to take a serious action and try to overcome for a better outcome.

Building an alternative strategy for the first time is the biggest deal you could have. It's going to be the hardest thing to do because it is something that will benefit you in the long term. Not having that alternative strategy, first one could suck and be a bad one too and you could lose from that, but the fact that you were not insisting on a losing one and willing to find an alternative one and know how to do that means a lot more than people think.

This is is why I try to make sure that I get to invest in as many different strategies as possible during bull run, which gives me return anyway, but to see which one is better than the other, it's a great method.

goldkingcoiner

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Goldkingcoiner's Trading Tip of the Day:

The less you look at your portfolio, the less susceptible to FOMO you become

Do not look at your ROI, your portfolio or even think about how much money you have made/lost off the current pump.

Do not trade with the current pumps or dumps being your only motivation to trade. We all know what damage catching the falling knife can do. We also know that we will definitely miss out on profit if we attempt to sell on every prediction of tiny up or down movements during a pump.

Cling18

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

I can clearly remember the first time I had a big loss in trading. I admit that I really had no idea about how trading works before but I was influenced by my colleagues telling me that I could make money out of it. I tried it once and realized that it has a huge risk that I have to face. Because of what happened, I tried hard to learn all the analysis and strategies needed to succeed in it. No one could trade and succeed without losing.

Fredomago

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Quote from: Russlenat on January 13, 2023, 06:38:02 AM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

It’s more of losses actually as I’m still starting to grasp about how to be profitable in trading. But because of that, I’ve learned how to develop and enhance my trading passion and build my own working strategies. And yes, everything that cause us pain and losses even in trading will definitely bring a lot of lessons to learn that will help us build positive perspectives in life. And we eventually become better and better as our own experiences will certainly be our best teacher.

Eventually after you realized your mistake you will find good ways to develop alternative strategy, learning from loses is a great motivation to continue aiming for more learning and understanding in regards with the business that you are into, and just like what you mentioned, you will become much better after you find that right patterns that will give you success after you suffer from loses on your first few tries.

It's your determination and your pickup, if you see that there's learning better to take a serious action and try to overcome for a better outcome.

Russlenat

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

It’s more of losses actually as I’m still starting to grasp about how to be profitable in trading. But because of that, I’ve learned how to develop and enhance my trading passion and build my own working strategies. And yes, everything that cause us pain and losses even in trading will definitely bring a lot of lessons to learn that will help us build positive perspectives in life. And we eventually become better and better as our own experiences will certainly be our best teacher.

bakasabo

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I find quite strange to say that someone can really learn something from a win. For example if you write 2+2=5 and teacher does not notice that. It is a win, but you learn nothing from that. Or a kid has learned how to ride a bicycle without a single crash. Win, or I must say a double win for a parent. But that kid will be very surprised, when he get a high speed or ride fearlessly, and all of a sudden crash. Learn from a win - that might be only a coincidence, luck, someone else mistake. I think that a person gets experience from loosing, but get only a short satisfaction from a win.

EarnOnVictor

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Not only in trading but also in real life, and the real lessons and experiences also come from losses and painful defeats, and what did not break you would surely make you. As I write now, I am a well-trained trader with many years of experience, but it was never rosy at first, I lost thousands of USD before I eventually know how to trade after many years of consistent losing.

And one thing that is tricky about trading is that you would think you are better when you have corrected the reason for initial losses, but you would later discover that there is more to learn after another loss.

alastantiger

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Quote from: AicecreaME on January 12, 2023, 08:58:37 AM

I think it depends.

I mean losing will slap you hard to wake up, either to study more or to quit, if you're doing everything you can to make profits in trading by studying and watching tutorials but still can't make profits, then you have to stop, but if it is the other way around, then continue.

Winning in trading makes you comfortable, you think you don't need to grow more but you need to if you want more profits in the long run, but if you're contented on the profits you're making, then it's still good.

Spot on. It depends if only you are a beginner trader. A pro trader will not the perturbed by losses unless it becomes a regular thing. Then they know that something is wrong. The point I was trying to drive home is that a beginner trader will be carried away with the win and may let their guard down but if they experience a first lost irrespective of the magnitude they feel the pain and it pushes them to read, research, and ask questions.

Topic: You Learn More from Losses than from Wins - page 7. (Read 1593 times)