your mentality after a huge loss? - page 8.

marqonah

newbie

Activity: 136

Merit: 0

Quote from: kuronokishi10 on December 09, 2017, 04:52:44 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?

after a loss so great then the mental will go down. but here I will keep learning from the fatal mistakes that I have done. so in the future I can fix the losses I have experienced before.
and here I will keep taking risks and investing. but in my investment will be more cautious again. and I will look for ways to better investments, so as not to lose again. there is no harm in learning from mistakes, because it is the beginning of success.

elston6x

member

Activity: 140

Merit: 10

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. 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

rapperug92

member

Activity: 191

Merit: 10

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. The first thing I need to do is check the problems and errors in my investment strategy. Also if I invest in a mutual fund, check whether there is a problem with my investment manager or indeed a bad economic condition

logan16j

member

Activity: 252

Merit: 10

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. 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

Outlaw79

jr. member

Activity: 46

Merit: 6

I always try to learn from mistake but it is very hard. I regret how I am tied to the market. Everytime I promise to take some profits, but still couldnt do it

We are creatures driven by our emotions mostly. for those who can control the emotions and make rational decisions wins generally.

jityap

newbie

Activity: 47

Merit: 0

I feel sad but I focus on how to recover from the loss.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

I have a strong mentality despite a huge crash. There is a part of me who says that I should ride on with the dumpers, but there is another part of me who says that I should hang on for a while. It's like an angel and devil whispering to me, and I just simply listen to the "light".

I admit that I've lost more than $2,000 in my overall portfolio combined after a huge Bitcoin crash. Now the bears are grippin' it hard as it stabilized between $10,300 to $12,000.

I also think that it might dip a bit when Chinese New Year arrives as a lot of whales are going to withdraw their Bitcoin and other altcoins to celebrate. After that, I think it's the bulls who'll take their turn after weeks of grippin' by the bears.

Just stay strong. Diversify your income streams while Bitcoin and other altcoins are still recovering. Just my two satoshis.

wildan88

legendary

Activity: 1862

Merit: 1046

Quote from: ocid on January 27, 2018, 02:29:45 AM

Quote from: sebastianpenguen on January 24, 2018, 01:45:39 PM

Quote from: mung_nasib on January 24, 2018, 06:36:41 AM

If my principles will continue to try harder after experiencing a loss because in trading certainly not far from the word loss and profit so make me more excited to continue to try it, although sometimes do not get maximum results.

I generally analyze my mistakes not to repeat them in the following trade positions. That's why we need to stay calm and not react every single mistake we made in the past. Need to figure out detailed about them.

In my opinion, it is only natural that crypto trade suffers losses. the thing I do after the loss is to find a way out to recover the lost money, be more careful in trading in order to further minimize the loss rate and gain more profit. in trading risk that we have to face only 2 Factors, experiencing losses and profit, from both of these factors we need to consider in more detail in order to be successful in trading.

losses in trading it the usual thing but to be honest, if you suffer a huge loss I'm sure your mentally will going down. I myself experienced this, when the huge loss I stopped trading in a few months. until in the end when the capital was recovering and I dare to trade again, and certainly I learn from the huge loss.

Ulan01

jr. member

Activity: 178

Merit: 5

Quote from: Advicerabi on January 25, 2018, 11:30:16 PM

I have experienced this before, but this didn't make me give it up, even making me increasingly curious to keep trying. When I lose it means my trading strategy have failed to gain profit, so what I do next, is find new ways to get profit.

Incredible .. the mental trader should be like that. Because if our mental fall we will never benefit, but if we keep the spirit, we can learn from the previous mistakes and cover the losses with the profit in the future.

ocid

sr. member

Activity: 588

Merit: 256

Quote from: sebastianpenguen on January 24, 2018, 01:45:39 PM

Quote from: mung_nasib on January 24, 2018, 06:36:41 AM

If my principles will continue to try harder after experiencing a loss because in trading certainly not far from the word loss and profit so make me more excited to continue to try it, although sometimes do not get maximum results.

I generally analyze my mistakes not to repeat them in the following trade positions. That's why we need to stay calm and not react every single mistake we made in the past. Need to figure out detailed about them.

In my opinion, it is only natural that crypto trade suffers losses. the thing I do after the loss is to find a way out to recover the lost money, be more careful in trading in order to further minimize the loss rate and gain more profit. in trading risk that we have to face only 2 Factors, experiencing losses and profit, from both of these factors we need to consider in more detail in order to be successful in trading.

00DKM@

member

Activity: 378

Merit: 10

Quote from: kuronokishi10 on December 09, 2017, 04:52:44 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 big losses I would probably seek new business. If big losses we should not pursue, continue to pursue we can lose all the possessions we have. But if I have a lot of money and I anticipate a good market in the future, I will pursue to the end. This is my personal opinion.

cepedacharles

full member

Activity: 210

Merit: 100

Quote from: kuronokishi10 on December 09, 2017, 04:52:44 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 makes the person always in-happy. But, If the loss is in heavy amount the mental condition go in depression. So, always trade in cryptocurrency very cautiously because here the volatility is very high. Everyday the coin values are deepening more than 50% and more in the bear market. If, you are a long term trader then don't worry about these fluctuations because one day you must get your value if not in the terms of Bitcoin quantity rather in terms of dollar value you will get back your value.

Advicerabi

member

Activity: 210

Merit: 10

I have experienced this before, but this didn't make me give it up, even making me increasingly curious to keep trying. When I lose it means my trading strategy have failed to gain profit, so what I do next, is find new ways to get profit.

thycrypto

member

Activity: 126

Merit: 10

I don't really like short-term trading, for this reason, you can lose it pretty fast without wanting it and it's not much you do if you sell it. But if I have a short-term trade and it is down I just wait it out and sometimes even buy more at the dip.

ThunderCatSteve

hero member

Activity: 770

Merit: 505

Quote from: mel0man781112 on January 25, 2018, 01:21:33 PM

Quote from: AtlantaFive on January 24, 2018, 06:53:45 PM

I feel weak and lost myself at the same time but i always get my confidence back and just move on. If i always think of the loss it will just give me a hard time trading and the worst case scenario i will go all in my balance in one coin just trying to recover fast what i had loss. That's why i will just forget it and continue with my daily trading and try to recover it as much as possible even if it's just a slow earning pace.

In some point I can agree with you. You can guess and invest in to right coin with all in, but this there si too much risk. Anyway better to move on with diversification. This way, you will move slower with growing of your profit, but for sure.

mel0man781112

newbie

Activity: 5

Merit: 0

Quote from: AtlantaFive on January 24, 2018, 06:53:45 PM

I feel weak and lost myself at the same time but i always get my confidence back and just move on. If i always think of the loss it will just give me a hard time trading and the worst case scenario i will go all in my balance in one coin just trying to recover fast what i had loss. That's why i will just forget it and continue with my daily trading and try to recover it as much as possible even if it's just a slow earning pace.

In some point I can agree with you. You can guess and invest in to right coin with all in, but this there si too much risk. Anyway better to move on with diversification. This way, you will move slower with growing of your profit, but for sure.

AtlantaFive

sr. member

Activity: 594

Merit: 250

I feel weak and lost myself at the same time but i always get my confidence back and just move on. If i always think of the loss it will just give me a hard time trading and the worst case scenario i will go all in my balance in one coin just trying to recover fast what i had loss. That's why i will just forget it and continue with my daily trading and try to recover it as much as possible even if it's just a slow earning pace.

burner2014

hero member

Activity: 952

Merit: 515

Quote from: sebastianpenguen on January 24, 2018, 01:45:39 PM

Quote from: mung_nasib on January 24, 2018, 06:36:41 AM

If my principles will continue to try harder after experiencing a loss because in trading certainly not far from the word loss and profit so make me more excited to continue to try it, although sometimes do not get maximum results.

I generally analyze my mistakes not to repeat them in the following trade positions. That's why we need to stay calm and not react every single mistake we made in the past. Need to figure out detailed about them.

I am not thinking that I am not good in trading whenever I am encountering loss, well in face I don't have much loss, most of the time I am gaining profit.
If that happens, I would not be sad and treat it as a challenge, well in fact we can still join trading anytime and we can cover up the temporary loss we have incurred. Just make a corrective action plan so it won't happen again.

sebastianpenguen

sr. member

Activity: 308

Merit: 250

Quote from: mung_nasib on January 24, 2018, 06:36:41 AM

If my principles will continue to try harder after experiencing a loss because in trading certainly not far from the word loss and profit so make me more excited to continue to try it, although sometimes do not get maximum results.

I generally analyze my mistakes not to repeat them in the following trade positions. That's why we need to stay calm and not react every single mistake we made in the past. Need to figure out detailed about them.

Cryptoproff

member

Activity: 224

Merit: 10

It is obvious that I would feel bad if I had huge loss. I will do anything to get back my loss and make a profit.

Topic: your mentality after a huge loss? - page 8. (Read 3853 times)