Topic: your mentality after a huge loss? - page 30. (Read 3853 times)
It depends on my trade history, if I was able to double my investment previously and I experience a huge loss, I would definitely invest again and avoid the mistakes I have done
For few days it seems to be big, but when we come across incidents who have got cheated and living life in a much worse manner used to feel good and thankful to God on providing more and more opportunities relative to cryptocurrency. One can never be successful without experiencing any form of loss.
Hard to accept when I lose a huge amount in trading but that is life so eventually I will be able to recover, I just have to convince myself that there are still big opportunities out there, if I lose but I learn from my mistakes, I can still recover than soon if I will not quit. Trading is not an easy job, that is why we need to be focus and be strong all the time because the moment we get the success, it's gonna be the sweetest and our goal to be financially stable will happen.
i will try to cover the loss by trade others coin.
I don't really care in case of the huge loss because even in the worst case scenario (100% loss), it is not more than 10% of my portfolio as I have diversified my investment in crypto (including BTC and several alt-coins), stocks (again diversification), mutual funds, gold etc and hence I take the moderate risk where not every investment is necessarily related to the other one and hence loss from one investment rarely affects other investment.
A good example of a well experienced trader is to never let go all your money in on a single investment but rather take every possibilities to invest in almost everything that you're sure that is has a good outcome of profit even if it's a long term. Taking the risk to a moderate level is a sign that you are a good trader. 
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?
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?
My mentality during a big loss would always be try and try until I succeed. The things is a lot of people usually feel hopeless whenever they fail in trading. But, the thing is in every business, it is not always a success. Therefore, we must keep in mind that losing is not always the end. The window of opportunities that trading offers is limitless. We just have to learn from that mistake.
Exactly. And trading again to regain your money after a loss is not gambling. It's not giving up.
Just take your time and learn from your mistakes but don't give up too soon!
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?
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?
When I'm incurring losses I just keep calm and think for alternative solutions. Normally, if the Bitcoin price is decreasing I just Hold or buy additional so that it will offset the losses. I also think that this part of being a trader/investor and just charge it to experience. Being a good trader you should know how to handle if things does not turn out the way we plan. I suggest you place your investments to Bitcoin because it is too big to fail and currently the price is keep on increasing. So you can never go wrong. Also, you need to ready news about Bitcoin forecast so that you can make a plan on when to buy or sell.
I don't really care in case of the huge loss because even in the worst case scenario (100% loss), it is not more than 10% of my portfolio as I have diversified my investment in crypto (including BTC and several alt-coins), stocks (again diversification), mutual funds, gold etc and hence I take the moderate risk where not every investment is necessarily related to the other one and hence loss from one investment rarely affects other investment.
My mentality after huge loss is that I stay away from any trading site to reflect what went wrong. I don't chase my loss right away because the tendency is I lose more so I study again and then try to calm myself and after that I go back to trading and make sure to at least profit little by little.
Surprisingly, missing out on profits really gets me more that losing out in a trade. Today is just this day - missed out a trade on LTC because $110 seemed expensive. Then 120, 150, 200 all seemed expensive ))
Need a few days off to recover now.
Need a few days off to recover now.
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.
After suffering a huge loss in trading, I always try to control my emotion bearing in mind that losses is part of trading I will have to review the major cause of the losing trades is that the strategy is flaw or I did not follow my trading plan or strategy? Possibly I will quit live trading for a while and have a break to eradicate emotion and fear.
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?
Big losses will surely make us fear and feel a sense of disappointment. This will definitely make our mentality becomes disturbed and for people who are not ready then it can make us become stressful. To overcome this then we must train our emotional condition, I believe by teaching emotionally well then we can maintain our trust. I will continue to invest and I am confident that I can get a chance to make a profit. Do not ever give up with the condition because we all believe that with hard work then we can get what we dream.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?
It is a crazy world and one can make crazy decisions, but as long as you know what you are looking for, you will never give up and That is how I saw a huge loss and will always see a huge loss.
I will stop trading for a while to refresh my emotion and earning some for invest again and then try again.
Sometimes, we need to lose some to get more
Sometimes, we need to lose some to get more
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 never give up and stop trading, it hurts when get huge loss but it is normal, everything must be have a risk, and loss will make me learn more so I will not experience the same thing again.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?
ofcourse you gonna feel bad
but you should accept the loss and move forward
but you should accept the loss and move forward
when I suffer losses, It takes me a long time to get back mentally in a trade.
but the most important thing is never to give up trading.
but the most important thing is never to give up trading.
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?
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?
My mentality in time of huge loss in bitcoin, is i totally depressed and i fell that the world is against me, and all things i've done is faults and no one is right.but after all that i thinks life is precious,life must go on,just like in saying that there's a sun after the rain.so i move on and try a new things to become productive in the world of cryptocurrency.
My mentality is so emotional when I loss my profit.but after 5-6 hours I feel that reality & I recover my mind strongly. most important think is I learn something from my mistake and it is good experience for me.
It is normal to be emotional after you experienced a huge loss, but what is not normal is when you are going to emote on that loss forever, it is going to affect your daily lives, the depression might get you crazy and the worst thing that could happen to you is you'll think of suicide as a solution. Moving on is the key, in order to step forward and trying again, you have to accept the fact, that way you could be more strong than before.
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?
Currently I do not take unnecessary risks, when I started investing in the BTC I invested a capital that I could lose and nothing would happen to me (I would not compromise economically), everything I have in the BTC from that point was conquered through several badly sleepless nights and exchanges successfully. 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?
So whenever I lose something it does not affect me negatively, much to the contrary that and something that helps the psycological, activates my gain. Not to mention that when you break your orders the chance of losing a large and minimal amount.
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