your mentality after a huge loss? - page 26.

ss890

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Quote from: kuronokishi10 on December 09, 2017, 05:52:44 AM

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

Loss in what? Trading or just the general investment into other stuff? Im thinking that you are speaking about the trading here. This thing is risky but also at the same time its not avoidable. So if you want to avoid the huge losses then first of all try to recognise the risk behind it. If you still make some sort of mistakes and then get into loss then you should take a break from that activity. At last this is what I do. I will prepare myself for the next goal again and if I'm having more money with me then this time I will understand the mistakes that I made and will enter into it again. Most probably I will try to recover the loss first before I can start getting the profit. If I reach the break even and think that this activity can not give me profits further then I will stop the trade or particular investment. And if there is green signal about the further profits then I will just jump in.

Gotottack

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I just think that there is nothing I cannot surpass. There is no point of sucking into wrong decisions because it is the nature of all businesses to involves risks, and of course, those risks depend on how much money I put into it. After which, I make sure I do not repeat the same mistakes by having multiple sources of income to divide possible losses along the way. I have always believed in do something about a past mistake rather than expecting something positive and just doing the same thing all over again.

v0rtecxz

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loss is a risk that a trader must face, I personally suffer a loss in trading, I think I have made the wrong decision, in terms of selling it or buying it, by the time it has happened all I have to do is learn from the mistakes I have done and fix it so that I do not repeat the same error a second time, so it can minimize future risks so as to increase the chances to generate more profits

babykika2027

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of course I will try again, usually it happens because of panic, at first may feel bad, but if I stop then I will miss the opportunity to get big profit, from the loss I can know where the error to loss and start again correctly, all surely there are risks to live how we can overcome them

Deborah Christine

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Quote from: kuronokishi10 on December 09, 2017, 05:52:44 AM

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

At the first time i start to trading I had a huge loss. I began to rise again using the results of bounty for trading capital but I was less fortunate I again suffered losses. many times I had a loss but it did not make me give up my trading and I finally get the benefit. even now I am getting smarter in reading the market. my failure made me smarter and wiser in trading. until now I never want to stop trading. trading into my hobbies and livelihood.

upsidedown75

legendary

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Quote from: Rhosadah on December 12, 2017, 01:04:53 PM

The first thing I need to do is check the problems and errors in my investment strategy. For example, I invest in a company's stock, I need to understand what the problem is for a company, why the company's stock goes down. Also if I invest in a mutual fund, check whether there is a problem with my investment manager or indeed a bad economic condition.the same case if I invest in the investment of precious metal (gold) in my company and so on.

That is just usually the best thing to do. There must have been something one did wrongly and then once that is detected; it is just to take note of it, so as not to make the same mistake for the next trade and future ones.
I have made some buys before and I noticed as I was buying everyone was selling; only to find out it was being bounced from bittrex when I searched on Google. I had a huge loss, but nothing that was not prepared for.

futile-resistance

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Quote from: magmar on December 14, 2017, 10:00:33 PM

Quote from: kuronokishi10 on December 09, 2017, 05:52:44 AM

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

Ny mentality is of course i need to win back that huge loss that happened to me. I am not going to panic or lose hope because that is a huge amount of money there is no way i am gonna let that pass by without winning that back to me. Because in this business it is normal to lose money and some people are losing hope after that and lose their money forever but me no i am not giving up in that and i am gonna work hark more and strive for my goal i need to gain a pot and it is not impossible to win that back and even gain even more.

Every trader after a huge loss do not give up. If a market went bad, just sell, bail out and look for another good market. That is the way things are.

You cannot always make 100% good predictions all the time and rather than losing too much, you can just stop your loss, and then get on with a better one. I have had a huge loss before as a result of some mistake, but I learnt from my mistake and I got all back eventually from another trade.

dustboy

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If you cant accept your loss means that you have just lost too much money than what you cant afford to lose. This is the very first mistake, you should not start trading/gambling with all what you have. You should set your limit, this will help you to manage your mentality once you face a loss. If someone doing bad or getting in a bad situation because getting lost in trading then he/she must not have his limit.

AndrewBoltz

newbie

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It is better to ready your mentality to accept any loss, whether big or small. In trading there always a risk to lose. It is up to you how to overcome a loss.

aencarnaci

sr. member

Activity: 448

Merit: 281

Quote from: Ginos on December 12, 2017, 10:38:46 AM

ofcourse you gonna feel bad
but you should accept the loss and move forward

Every good trader will definitely know that whether it is a huge loss or a small loss, they are likely possible to happen but rather than mopping about it, there would always be that nice trade that would make one get it all back.

Like you said, the best is to accept the loss and move on, that should be every trader's mentality, unless you are just not sure of what you have been doing.

ViciousWarlock29

newbie

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Trading is more like a gamble. Don't do trading if you are not willing to lose so better control emotions. Experience is a great tutor, somehow you will learn how to adapt.

Boseda

sr. member

Activity: 448

Merit: 250

After a huge loss in trading, I always try to control my emotions keeping in mind that losses is part of trading because it is a very risky job. I try to highlight the major cause of the lost trades so that I won't repeat the same mistakes time and time again. It is also good to quit trading for a while and have a break thinking and doing something else.

Granxis

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Quote from: Ayiranorea on December 17, 2017, 06:03:40 AM

After experiencing a big loss, I understood nothing in our hands. Upon the fate, whatever might happen in unexpected time period. We need to be knowledgeable or lucky to get out of the same without getting affected. Particularly my loss has happened through gambling, so this doesn't affect me big.

The chance factor belongs only to the gambling, I did not see one that was successful in trading because it was lucky. For this reason, we must ignore the chance factor. This is a very important rule for trading and also for betting.

JaxxBoll

newbie

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Usually I try to stay calm to see why I fail to draw on the experience. I think that is the most necessary thing.

coinplus

legendary

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Quote from: Casdinyard on December 14, 2017, 10:37:43 PM

Sometimes I can't control my emotion after a major loss, I have mix emotions for myself and sometimes I feel so stupid. Also it always took a while for it to sink in my mind like I can't believe that it really happened. But of course I'm trying to control and manage all of it so what I'm doing is to have a break from it, try to unwind and picking up my thoughts. Sometimes trading make us go crazy tho. Grin

Emotions should not be a part of you as a good trader, you just have to understand that these things sometimes are inevitable and the reason why stop loss was invented was because every trader knows that losses are just meant to happen at some point in every trade. It is only when you are trading without strategies that let emotions kick in by not knowing what to do after such loss.

Quote from: Kr-sama on December 14, 2017, 10:35:36 PM

You should always learn from the mistakes that you've made as you move on with your life. Those mistakes is what makes you a better person, a better trader in this case. Because if you just keep on making mistakes without learning from it. You'll definitely won't reach anything. You'll become a failure.

Like they always say, twice beaten once shy. It will only be a form of stupidity to make the same mistake twice. Mistakes are bound to happen, but like you said, they are meant to groom us well for a better trade next time. All the pros have once had some huge setbacks too in their trades, but not giving up and learning from such mistakes is what has made them better.

julzcoinbit

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Quote from: didoubk on December 17, 2017, 07:14:05 AM

We all exposed to loss specially when we are talking about trading. It is like a game where you can win or lose.So we have all to stay strong after a loss and try over and over until we reach our goal and we make a great win.

Definitely, most of the time we feel is really frustration, so down moment and looks like the end of the world. Somehow, on that moment I'm trying to recover because I believed that I will overcome all the losses, if not today for sure in the future but in different way. As the famous quote says "Never retreat, never surrender" which having a heart of stones like a soldier to face after such down moment. Life is like a wheel if you are not lucky enough today for sure you will be lucky tomorrow and probably another tomorrow as much as profit that you have.

didoubk

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Activity: 119

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We all exposed to loss specially when we are talking about trading. It is like a game where you can win or lose.So we have all to stay strong after a loss and try over and over until we reach our goal and we make a great win.

soname12

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Normally, I would place a sell order if I had a 10% loss but some coin value was below $ 1 then I would keep it until I gained again. If the coins are of great value like dash litecoin xmr I will sell them at low price and will buy at the bottom of the next so that when coin value increases you will earn the lost money and a little profit.

Apriand

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Free crypto every day here: discord.gg/pXB9nuZ

Quote from: A Fahriz Thiago on December 17, 2017, 05:58:21 AM

Quote from: kuronokishi10 on December 09, 2017, 05:52:44 AM

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

I will try again, maybe now I get a big loss, but maybe one day I will get bigger profits and can cover the losses that I experienced.

Agreed, lose in trading is a normal for all traders especially when we are new on trading. We can learn more how to minimize lose from that experience, so i choose to try recover my lose if i have more money after huge lose in trading.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

After experiencing a big loss, I understood nothing in our hands. Upon the fate, whatever might happen in unexpected time period. We need to be knowledgeable or lucky to get out of the same without getting affected. Particularly my loss has happened through gambling, so this doesn't affect me big.

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