your mentality after a huge loss? - page 35.

cydrix

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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?

There are no other options if you want to be successful you need to move on and make a decission for the next plan its okay to fail sometimes but get over it and let it be your guide and teacher that the mistakes you've had cant be repeated again.
Experiencing a hard loss makes you stronger mentaly and have had lessons to do next and not to do.

changcloy

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my mentality after a huge loss will be shock and get hurt at first but after that i should start over again and life must move on..this is the reality in life you will loss you will and you should always be prepared of everything .

Dodoymabs

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It depends on how much money we loss, if it is million then I would probably suffer a lot and it really takes sometime to recover. After realizing my huge losses I might think to trade again but with extra precautions. We are humans and it is really normal to suffer after a huge loss. Experience in losing can make us wise and probably will become a master trader.

Slash61

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remember dude, no success without failure. Personally I feel what you feel, I have suffered so big losses that I finally decided to go back to take the risk and not make mistakes before that give a loss. this is just a suggestion for you, if you stop then the story line that you live will stop here. It will be different if you take the liberty to take back the risks.

exstasie

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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?

In the short-term, I would stop trading, take a step back, and analyze what the hell went wrong. Your trading system shouldn't allow this outside the context of a black swan event (exchange going down / orders not executing). An experienced trader should rarely (if ever) suffer a "huge" loss. He should seek to make small gains, big gains, and small losses.

It's very important to cut out big losses if you want to survive as a trader, because they will seriously threaten your capital and drastically increase your risk of ruin. That's why experienced traders are always talking about "risk management" much like professional poker players discuss "bankroll management."

I'm a statistics guy and I love trading. So if it were me, I would certainly dust myself off and try again. But I would do some serious reading into proper risk management and formulate a profitable trading system before putting too much money into it.

entrepmind23

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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?

I would take some time to ease my feeling of having a huge loss and then get back to trading again. Losing is part of trading and it is in losing that we learn the most and think what part of the trade we made a mistake and then adjust our trading strategy. During this time when we suffer a huge a loss we should realize if trading is really for us and if we have the appetite to have that risk again. Trading is a zero-sum game so if there is someone who profit from it then someone is taking a loss and all we need to do is to stay in the profit side which is easier said than done.

Personally, after I took a huge loss, I stop trading for a while because I don't have capital anymore and during that time when I am not trading, I read more and think of my strategy. I cite the reason why I lose and its because of greediness so I need to do something about my emotions and I can only control it if I trade. I will keep trading until such time when I am more rational in my decision following my trading plan wherein before taking a trade, I already know when to exit.

sana9826

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Huge loss is depend on your effort, if you wont take risk, you can use stopp loss in order to avoid the huge loss. i ever find the huge loss twice in 2015, but i didnt think that it should be stopped my ambition in cryptocurrency. the huge loss make me work harder to be good trader. i really thanks for it, because it give me experience and i try to learn to dont fall to the same trap.

xuan87

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I am going to hold back a while and try to find out what is the reason I lost my money and then I will make it as my lesson and try again for another trade, you shouldn't be afraid of losing money in trading because losing money is also part of trading

Caladonian

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Experience gives us more knowledge about things that we are trying to do best, so if I still have some extra money I will proceed and try my luck again, for sure I will be able to analyze much better and I can do some precautions in order not to get a same result from my previous trade.

Happiest

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First, it depends on what you did that caused the huge loss. Because if you are trading the right way, trading in the right platform or trading the right cryptocurrency, I don't think there should be loss. Though, that doesn't means that there won't be any loss, there would be but it won't be much or that huge because trading its all about taking risks.
But, if I ever experience any big loss in trading, I will trade again, and in the next process, I will do the right thing because I believe I have learnt what cause the pervious loss.

tiggytomb

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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?

I would and have learned from what happened and next time try not to do the same thing again, for me it was panic selling, lesson has been learned which took some amount of time but I think I am almost there.

usekevin

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Quote from: Mapagmahal on December 09, 2017, 07:24:27 PM

I just move on and don't think about that loses. If i always think that huge amount maybe i can't sleep a lot but i see these as a great opportunity to learn more on how to avoid such loses. I will be extra careful next time i trade. I will just find another investment to trade in order to recover my loses and i will do it slowly and not taking some bad decision because i might blow up again if i let my emotion play just to recover that huge amount.

This situation doesn't make it loss.If so,I will wait for the next trade to fulfill the loss.Always I don't boughter about the loss, I will aim for the next profit. In trading you have to tally the loss by the next or upcoming Profit. Or else you lose a lot,always buy at least and sell at the top to avoid of any loss.

Mapagmahal

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I just move on and don't think about that loses. If i always think that huge amount maybe i can't sleep a lot but i see these as a great opportunity to learn more on how to avoid such loses. I will be extra careful next time i trade. I will just find another investment to trade in order to recover my loses and i will do it slowly and not taking some bad decision because i might blow up again if i let my emotion play just to recover that huge amount.

crazycatwoman03

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Quote from: Vikingr on December 09, 2017, 06:54:21 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?

It really become a great lose of will power over our next step in our financial life when we meet a huge lose. A person is retarded when he see that much lose in any of his business. After that it take some longer time that he start again to work and to invest in any other business.

Yeah, we cannot neglect the fact that not all people can easily move on and move forward after suffering a huge loss. We have a small business and I grow up seeing how my parents try to make the business survive a day, I know that it is not easy and sometimes there is big profit, sometimes just enough to have a capital for the next day and I admire how they managed the business together. Our business have suffered a loss already, twice to be exact, and I saw how they deal with the loss. My father did not lose his hope and strength, he looks for the solution to the problem and to the loss as fast as he can so that our family will not suffer too much hardship just because our business was down. By that, I experience that business in not just about profit but is also about good management of money and time.

I think that it can also be applied in here, as a trader, I always set my hopes high for inspiration and determination. I have experience losing and at that time my own experience with my family business is very helpful because it helped me not to bore too much negativity.

Bagaji

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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?

First and foremost you will need to have a good knowledge of trading crypto currency before ventures your money into trading crypto currency. What one need to is there are two things that are involved in trading crypto currency either loss or make profit. Having a good money management policy and follow it strictly that a lone will reduce loss in trading. I will still continue with trading but i will need correct what makes me loss my trade then correct to avoid further occurrence.

Vikingr

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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?

It really become a great lose of will power over our next step in our financial life when we meet a huge lose. A person is retarded when he see that much lose in any of his business. After that it take some longer time that he start again to work and to invest in any other business.

jakezyrus

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Quote from: anitaraymonds on December 09, 2017, 02:14:25 PM

You do not revenge trade after loss you will lose more because you will now be trading with emotion and tension. The best thing to do is go back to demo trading and practice more of your strategy. once your confidence is back you can now go back.

i think that real trdaing with money involved is still much better than demo trading without money involved its because in real trading your trading with real emotions and feelings but in demo trading your too confident and your feeling or emotions will be totally different because you know that theres no money involved therfor you wont take it seriously. also i wont recomend for op to start and try again because i believed on the saying that one mistake wont fix another mistake and maybe he'll end up lossing more instead of winning.

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 suggest better stop for a while and take a short break to try and do some other things because too stressed in your self is not always good for your health. relax man, of course it always happen because were just humans and sometimes we usually do mistakes but its normal because it also happened to everyone not only you. lastly try to try it again after you finished taking a break and you already cleard up your mind but if youl loose again then maybe trading is not for, so i guess much better to leave it and find another hobby that will surely applicable to your skills and talent.

Adykingcity

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whatever the risk if you're good trader, no matter to got huge loss. personally, i'll keep do trading, trading is my life in cryptocurrency, i'm keep doing that again without any hesitation. if you know the technique, you'll prefer to do aa trade to gain profit than another way else. when you get loss, it will be educate you, learn from your mistaken and try to avoid the worst risk.

YTBitcoin

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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?

I have lost a few times in some of my trades but Thanks to God that it was not a bigger lose so I am still here to invest and can take risk to invest for to make my future more bright to find a good investment. I do not know that what is the situation of those people who lose in a bigger amount but I wish to not face that situation as it looks a huge headache.

deanerific

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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?

My mentality after taking a huge loss the last time I took one: "NEVER AGAIN."

Now I make every trade with a plan and have a stop-loss to protect myself from myself. I'll eat 3-5% losses happily knowing I'm sticking to my plan.

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