your mentality after a huge loss? - page 37.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

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 always keep in mind that bitcoin trading is filled with risk and might lose most of the money any time without any prior warning. So this helps me to keep myself mentally strong and does not affect me to extreme level once i lose anything. Though it does hurt a bit. But i end up continuing my trading.

Jaya912

full member

Activity: 280

Merit: 101

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 experience lossing in huge amount but not in cryptocurrency trading but in hyip and binary trading.
However, when i have big loss, i decide to stop on that time and never start again. But after a few days i decide to start again and again.

Kemarit

legendary

Activity: 3080

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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?

If depends how you suffered your loss. Did you lost before you are too greedy and didn't want to get out in time and you become too emotional? Or you just see that your investment just went down because of a crash. If I will suffer because of my clouded decision not to bail out and think that the price could still go up, then I will take this mistakes as a learning experience and could have plan a better exit strategy. Re-think but don't be discourage and just have a walk and comeback strong. But if a lost just because the price plummeted and seeing my wallet balance goes down, I will just continue to hold and do nothing and hope that the price will recover (which usually does btw). No need to be frustrated as well.

pikebu

hero member

Activity: 854

Merit: 522

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?

Well i never get huge losing in my trading alternative coins because before entry the markets i have made plan how much taking profit and how much stop loss/cut loss, although i was loss because of cut loss my emotions is netral and i do trading again after the condition of markets is starting up trend and do analysis technical to predict the price, my feeling is netral when losing the money on trading because i have rules of trading and always follow it.

h0lybyte

hero member

Activity: 924

Merit: 511

Of course i will stop trading for some time if i suffer huge loss and the wait for the right time to invest again.
Losses are usual in trading but a big loss can happen when you have no target and you withdraw immediately.
As a trader, you should keep patience sometimes and analyse the market speculations well before taking investments out

no0dlepunk

sr. member

Activity: 490

Merit: 258

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?

You want an honest answer? After losing an opportunity, I couldn't sleep nor eat for days, I didn't even talk to my wife until I felt ok... Cryptocurrency had taken away my social life for a while, since I learned it early this year I left / quit my day job to focus on trading and writing blogs about bitcoins. So what do I do after a huge loss? - NOTHING. literally, nothing.

After bitcoin reached $10,000 I decided to sell my bitcoins... this time I will practice to balance everything. I need to have my life back. I need to find a job Cheers!

lelou

full member

Activity: 574

Merit: 102

Stop for a while and think about my mistakes, study the market and go back to trading.

7daystodie

full member

Activity: 186

Merit: 100

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?

Everything depends on the character of the person, many I think, will want to analyze their actions and all the miscalculations and already make a completely different scenario. And others would simply find a replacement with less risk.

erickkyut

hero member

Activity: 1176

Merit: 509

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 remember the day when I was a newbie in trading industry. I bought multiple coins because of the hype of the people on social media and promises that it will multiply my investments. After a week, I found out that the coins I bought were shitcoins. I was very depressed that time but I told myself that I won't give up and will try again. I learned from my mistakes. I did some research and studies about Bitcoin and other cryptocurrencies. Now, I'm still learning but I know now how to identify shit coins from quality coins.

alisafox2017

newbie

Activity: 210

Merit: 0

Yes, I'll start again earning money with knowledge I have, because crypto-currency are new life, new opportunity and success for every person. If you have big plans for your life, you'll never give up and continue to make all better and better.

wayaneka

full member

Activity: 644

Merit: 101

I will be continue to trade and learn what wrong of my trading that i did, stop a few moment and build new trading strategy, new trading plan and new risk management. Also I will devide the money one portfolio for trade and one porfolio into others pasif income like make investing in mining site or lending coin site to minimize the risk.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

as a trader you should never see huge losses, and if you do then you have been doing it wrong. small losses are normal and everyone will see some every now and then but a huge loss only shows you are not a trader. because a trader will be setting some preventing measures such as stop loss to prevent a huge loss due to a sudden, unexpected drop.

also, don't forget that you should be speculating the dumps before they happen.

DaMut

sr. member

Activity: 1274

Merit: 263

of course i will try it again in the future,
i will never give up because i already set my goal for future and fail or give up is not an option for me.
as a trader it's a normal thing to lose something whenever we're doing our trades.
even an expert sometime lose some of their money in the process.
my piece of advice if you're new in trading and got a huge loss lately,
take a rest for a day or two days to stabilize your emotion and set your goal for future.
what is the reason you do the trade ? and what is the problem that caused you to lose that much.
learn from your mistake,
i believe you will understand and get used into it.

kuronokishi10

full member

Activity: 210

Merit: 100

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?

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