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Topic: You Learn More from Losses than from Wins - page 9. (Read 1593 times)

hero member
Activity: 1540
Merit: 654
January 11, 2023, 12:33:11 PM
#76
In my case, I learned more from losses than from wins because I can still remember some years ago, how I invested a huge amount of capital in a particular project without Carry out a personal research to know if the project will be favourable or not before investing, that made me to lose my capital at the end of the project. Since that encounter, I promise myself never to allow such mistake to happen again because I was not happy the way I loss my capital in that scam project. It is through my losses,I learned how to buy coins when the price is low in the market and sell when the price is high in the future.
This is proof and disappointing experience will shape our mindset to do better in the future. Similarly, I am more careful now in determining where I should put my money for the long term. Everything we've been through since starting to invest in cryptocurrencies has opened my mind about what to do to start over. Analyzing, considering risks and so on I have thought about before I invest now. What might change significantly is that now I almost avoid new projects, not all but I am more selective if I want to invest.
hero member
Activity: 2772
Merit: 634
January 11, 2023, 06:49:01 AM
#75
Sometimes failure could be our best lesson in life, we could learn a lot of thins from our own failure.
And I agree to OP that failure could make us realize a lot and wake us up to reality.
I feel so proud and powerful back then when I was gaining so much from my success but one mistake took it all and made me realize so much.
I wonder if what mistake did you make on why you lose all what you have? Are you talking about winning a big amount in gambling and then greed got you? I think it such a waste if we wait for too long only to realize a thing but we can always do it asap or by the time we fail on our early tries. Now you are going to start it all over again.

I hope luck still stays at you. Given that failure can do some amazing things, I just hope that people now aren't going to care less on what they will do because they might want to fail intentionally. No that won't work that way but it can only make the situation worse. Those failures that we are talking about here must be a genuine one only.
hero member
Activity: 574
Merit: 661
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January 11, 2023, 01:11:52 AM
#74
Totally true.

I learned some valuable lessons from losing quite a bit because of trusting the wrong information and getting blinded by big promises.

That won't happen again.

When you make big gains you always thing you know everything until reality sets in.

Just like in life, the biggest lessons don't come free.
hero member
Activity: 2352
Merit: 593
January 11, 2023, 12:52:12 AM
#73
Sometimes failure could be our best lesson in life, we could learn a lot of thins from our own failure.
And I agree to OP that failure could make us realize a lot and wake us up to reality.
I feel so proud and powerful back then when I was gaining so much from my success but one mistake took it all and made me realize so much.

Mistakes and failure are the best teachers in the whole world because they can wake you up and also try to go around them so that you won't do them again or experience them again. There are people who do not listen to the advice or opinions of others; they prefer to go with their own opinion, which they realize is incorrect when it fails. The same in trading: after each loss, you'll have a lesson to learn and will try to avoid it happening again.
full member
Activity: 1974
Merit: 147
January 10, 2023, 11:53:53 PM
#72
In my case, I learned more from losses than from wins because I can still remember some years ago, how I invested a huge amount of capital in a particular project without Carry out a personal research to know if the project will be favourable or not before investing, that made me to lose my capital at the end of the project. Since that encounter, I promise myself never to allow such mistake to happen again because I was not happy the way I loss my capital in that scam project. It is through my losses,I learned how to buy coins when the price is low in the market and sell when the price is high in the future.
hero member
Activity: 1988
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
January 10, 2023, 08:44:22 PM
#71
Sometimes failure could be our best lesson in life, we could learn a lot of thins from our own failure.
And I agree to OP that failure could make us realize a lot and wake us up to reality.
I feel so proud and powerful back then when I was gaining so much from my success but one mistake took it all and made me realize so much.
hero member
Activity: 2548
Merit: 533
January 10, 2023, 07:36:52 PM
#70
Losses in trading only teach that it is time to stop trading. Smiley

Indeed, negative experiences have a more favorable effect on improving skills, but this is fraught with losses. From a pragmatic point of view, it is better to learn from the mistakes of others, and not from your own. This will be cheaper.

My first lesson learned was: be careful. Smiley After I clicked on the wrong order.
If it’s really not healthy at all because of consistent losses, then it’s better to just quit from trading and find some other means that will give you a sustainable income. However, for some traders, if they keep on losing, they will not quit easily but prefer to continue improving their trading activities, not only because they want to chase their previous losses, but will also want to see growth in trading so that they will start maximizing their trading profits.
There are really things in life which arent really meant for you to deal off with which means that no matter how hard you do try but still ending up on huge losses then it would really be just right that you should quit up and find for another venture.There are really just things that wont work out no matter how many times you had tried yourself to adjust and make out some changes.
Of course you would really be learning up lessons out from mistakes and not from winnings because in losses you would be able to study on where you should
be changing up.
hero member
Activity: 3010
Merit: 604
January 10, 2023, 06:51:41 PM
#69
Losses in trading only teach that it is time to stop trading. Smiley

Indeed, negative experiences have a more favorable effect on improving skills, but this is fraught with losses. From a pragmatic point of view, it is better to learn from the mistakes of others, and not from your own. This will be cheaper.

My first lesson learned was: be careful. Smiley After I clicked on the wrong order.
If it’s really not healthy at all because of consistent losses, then it’s better to just quit from trading and find some other means that will give you a sustainable income. However, for some traders, if they keep on losing, they will not quit easily but prefer to continue improving their trading activities, not only because they want to chase their previous losses, but will also want to see growth in trading so that they will start maximizing their trading profits.
hero member
Activity: 2828
Merit: 673
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January 10, 2023, 05:56:02 PM
#68
Yes this is true. You never remember your big wins only your big losers and this is why you can’t trade with demo or play money. Because it will seem too easy and give you a false sense of security. You need to experience loss to be able to learn from it.

Hence it’s why it’s better trading with a small account than demo. Because the human emotion will be pretty much the same whether you lose $10 or $100. But if you trade with fake money then there is no emotion.
Trading with demo account will only be good for beginners but they should start trading with real money of course so they will experience losses and gains when trading. But it’s certainly more losses for beginners since it will create a motivation for them to improve their trading skills and strategies, and in every losses there will always be lessons to learn that will encourage traders to be good more when trading.
sr. member
Activity: 2198
Merit: 347
January 10, 2023, 05:21:13 PM
#67
Learning is one thing but making money is another. If you could learn that's great but after a while if you keep losing then you learned enough and still losing so that's not good. You need to learn from the losses and eventually start to win some, if you keep having some sort of problems no matter what, that's going to hurt you one way or another.

Wins are as important if not more important than the losses because it gives you some money but also gives you a freedom to lose and learn at the same time whereas losses do not have that kind of benefit because there is a limit to your funds and if you keep losing then even if you learned, you do not have the funds anymore.
If you are dealing with something and turns out to be that negative or something you cant really still make out some money or profit then it does signify that you arent that progressing.
You arent really be able to make yourself be able to handle up the risk because its impossible for someone not to be able to learn up considering that we humans could really make out some
adjustment for whatever things that we do have experience back in the past.You cant really just make yourself be steady or not to be able to progress which
is something that impossible.
legendary
Activity: 3500
Merit: 1162
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January 10, 2023, 05:09:51 PM
#66
Learning is one thing but making money is another. If you could learn that's great but after a while if you keep losing then you learned enough and still losing so that's not good. You need to learn from the losses and eventually start to win some, if you keep having some sort of problems no matter what, that's going to hurt you one way or another.

Wins are as important if not more important than the losses because it gives you some money but also gives you a freedom to lose and learn at the same time whereas losses do not have that kind of benefit because there is a limit to your funds and if you keep losing then even if you learned, you do not have the funds anymore.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
January 10, 2023, 02:58:00 PM
#65
There is learning in each step you take forward but most commonly we learn from our past mistakes that what to avoid in future so as to avoid the loss that we have previously faced.But with your profit also you learn how to tackle risks and make effective ways in trading.So I am on the side that you should keep learning and gain experience with your each trade but if you are continuously facing loss then you are not learning a lot so make yourself aware about the market conditions and gain experience with time.
In a normal circumstances learning with our previous mistakes is courageous, one thing for we to understand is that learning of trading is a continuous process, but it's not admirable to have the ambition of learning how to trade with your occurrence of mistake, so i believe that mistake is very necessary and it's amendable when you devote out time to learn and know the challenges you face in future when it has yet happen should be better than hoping to learn with your huge mistake that can put you into depression depending the amount of funds you lose during the process.
hero member
Activity: 1792
Merit: 871
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January 10, 2023, 04:02:06 AM
#64
Totally agree with you, but one other lesson about trading we should accept is that we can not be always right or be on the winning side... Losses are normal in this business because other factors beyond our control will affect the markets to go against us!
But like they say "what doesn't kill you only makes you stronger" applying this theory losses help to polish up those mistakes to get you to be a better trader.
full member
Activity: 1834
Merit: 166
January 10, 2023, 02:40:12 AM
#63
There is learning in each step you take forward but most commonly we learn from our past mistakes that what to avoid in future so as to avoid the loss that we have previously faced.But with your profit also you learn how to tackle risks and make effective ways in trading.So I am on the side that you should keep learning and gain experience with your each trade but if you are continuously facing loss then you are not learning a lot so make yourself aware about the market conditions and gain experience with time.
hero member
Activity: 2506
Merit: 628
I don't take loans, ask for sig if I ever do.
January 10, 2023, 02:37:50 AM
#62
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
Well, most lessons from a loss are actually just you being dumb, so you gotta stop being one. I reckon it's actually rare after that to receive a lesson that could potentially advance your trading skills since most scenarios are a case-by-case kind of thing. My first lesson in trading was exactly like that, It wouldn't be an exaggeration to say that I actually just played with the money I invested since I bought and sell at pretty dumb points, pretty much ending it at a loss for quite a few weeks.

Learned my lesson though so I just DCA so that I can stop thinking.
legendary
Activity: 2758
Merit: 1112
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January 10, 2023, 12:41:03 AM
#61
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?
There will be very few newbies who will learn from winning because they will usually be immediately carried away with a sense of excessive happiness seeing their money can increase but experiencing losses at the beginning of trading can also make newbies immediately lose interest in continuing to trade.
I was lucky enough to get a profit in the beginning of trading as a newcomer but this is precisely what made me not improve my trading knowledge because I thought trading was very easy to do and it was very easy to get profit and when I started to continue experience losses, I realized that trading is not as easy as it is considered, traders must continue to improve trading knowledge if they want to succeed.
sr. member
Activity: 1008
Merit: 366
January 09, 2023, 07:12:26 PM
#60
So how can you not learn a lesson from here? It drives you towards good decision (only if you don't trade emotionally again).
Okay, if you call that a lesson but to me it's not since I considered a lesson when you were struggling and get past it not when you were having fun or happy. The results of your decision were from when you learn from your lesson that's why we often tend to change when learning a lesson because we don't want to commit the same mistakes twice.

How can you learn something when you are happy? Maybe in a good way you will learn that you are a good trader when you make profit through trading but that could just be luck since you haven't seen it all yet, that the market isn't just like that.
Well, I guess different people think differently. For me, it was the win. I did learn more or less from it. It's just how you celebrate your win or embrace your loss.
Both can leave a mark on your life, this is just how I think I guess. I take lessons from both scenarios. You never know which could teach you what. You need wins to experience the sorrow that comes with loss. And the same goes for loss, you need losses to feel the joy of win. Without the dark, you can't value the light.
hero member
Activity: 1064
Merit: 509
Leading Crypto Sports Betting & Casino Platform
January 09, 2023, 07:12:05 PM
#59
You won't learn more if you continue losing money without gaining any profits out of your trades. So, you'll need both profits and loss to learn more in trading. The human brain is designed in a way that it stops trying when it keeps getting zero profits. But, if a newbie gets into trading, and luckily he regained some lost money; made profits. He'll continue learning and researching on how to trade, so as to perfect the skill. Compared to a person who didn't make profits he'll, without hesitations, quit the trading quest, he would think trading is not meant for him. Therefore, I'd say that we need more profits to keep learning about cryptocurrency trading, losses dulls the impression of learning. And, losses, also contributed to the exit of many newbies who would have been potential traders today.
sr. member
Activity: 2506
Merit: 368
January 09, 2023, 06:29:13 PM
#58
So how can you not learn a lesson from here? It drives you towards good decision (only if you don't trade emotionally again).
Okay, if you call that a lesson but to me it's not since I considered a lesson when you were struggling and get past it not when you were having fun or happy. The results of your decision were from when you learn from your lesson that's why we often tend to change when learning a lesson because we don't want to commit the same mistakes twice.

How can you learn something when you are happy? Maybe in a good way you will learn that you are a good trader when you make profit through trading but that could just be luck since you haven't seen it all yet, that the market isn't just like that.
sr. member
Activity: 2198
Merit: 347
January 09, 2023, 04:57:26 PM
#57
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?
For sure you would really be learning lessons out of your losses more than on your wins which is really that common sense.On the time you do win then you would really be having thoughts
that you are really that should be sticking with that strategy since its been making money for you but on the time that trades becomes a mess or something that negative then this is
where those hopes been crumbled or down and this is where realization do sits in and you would really be finding ways for you to make yourself that realizing on what
are the things you should do next or shall we say plan B's.
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