Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Crypto Fella on June 26, 2024, 03:38:44 PM
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
This is how future trading is. You can either lose at first or be deceived with some winnings. In fact, you can double the money and think that you are an expert trader already until you will lose. This is common while using high leverage or trading very volatile coins. Try and choose better coins and be using low leverage. If possible that you should not use leverage at all, do not use it.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
I lost in future trading than making profit. But I know my mistakes like high leverage and sometimes trading very volatile coins. Try 1x and see if there would be a difference. Be using the amount of money that you can afford to lose for trading.
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Dear, i have never taken any trade in futures trading as it has a high risk to the funds as compared to the spot holdings or spot trading. I have taken trades in spot wallet and done some spot holding for the long term, so i can only share my plan for the spot wallet, and i hope you will not mind if i share my plan of spot. I do not invest all the amount at the single project; i divide it into some projects and invest my amount equally in different projects. if in case, one project crashes, the value of the other one can be gained as well, so this is also called risk management.
Here in the crypto space, risk management is a very important part to consider before investing in any of the projects. If one is neglecting risk management and also a newbie, he/she has to face some losses in trading at initial stage so that is why risk management is most important part to consider at first before you go ahead. DYOR!
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
As you already mentioned that you have done the future trade with the emotions and that is the main cause for your loss, in generally I am not a future trader I just do spot trading and in my case all the time I have use the DCA method for long term strategy and that makes my loss control strategies. And the other thing I have some control currently when I did spot trading, and also use the stop loss trading features maybe that can be also work for you. But the first day you have to bring control in yourself.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
As you already mentioned that you have done the future trade with the emotions and that is the main cause for your loss, in generally I am not a future trader I just do spot trading and in my case all the time I have use the DCA method for long term strategy and that makes my loss control strategies. And the other thing I have some control currently when I did spot trading, and also use the stop loss trading features maybe that can be also work for you. But the first day you have to bring control in yourself.
When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.
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The recovery process sometimes takes different times, depending on how quickly we get money and how much money we spend in trading... futures trading does provide an attractive offer, because we can use high leverage to increase our profits... and this It is clear that many people become greedy when they get high profits in the world of futures trading... and actually that is the starting point of failure until the assets they have run out.
The way to recover is of course by studying our respective risk profiles and adjusting our investment style or trading style to make it even safer.
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This is the normal realities with future trading or derivative trading there is no much difference between them and gambling because at first you got thrown the sweet piece of winning and profits, there after your greed set in and take control of your emotions there by leading you to lose everything, this is what it is when you can't be satisfied with amount of winning that comes in your first trade, I think almost all newbie traders experience this sad realities, and high leverage ks one of the major causes of frequent loses on those trades.
Between, there is a need to get your emotions under control first before you set out to trade and also make sure to chose the right coin to trade with at least coins that you have adequate information on it market movement.
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When you are a long term, you don't need any. I don't have "losses", I have "need to wait a bit more I guess" periods, that's it. Have I never sold when I am at a loss? Of course I have, and that's fine, you could always have those days. However, I usually don't sell and just wait, so it makes a lot more sense instead. This allows me to just wait and wait, and eventually, I end up with the price going back up, and me in profit yet again. This should be the situation as far as I can see, and from what people are talking about, long term has been great for many of them as well. Just do that, and you should be fine.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
Commonly, experiences teach many things. Finally, you can get the points from the experience. So did I at that time. But, finally, I decided to stop trading future, too stressful although I did it only few times.
Well, for me, some ways to implement the trading to be conducted as expected and under-controlled as always, it is by Using the settings of Stop Loss and Take profit feature. These two features are quite helpful in overcoming all panic selling and excessive greed which can actually cause us to suffer big losses because we are too greedy. especially in future trading, SL/TP is something I have to do. although this is not that easy to analyze and carry out.
Actually, there is also a kind of strategy used in trading future done by some traders. My friend once said about it but I never continue it.
It's about using the hedging feature (hedge mode) provided in certain exchange if any.
This is also one way to manage risk, apart from SL/TP. This combination might work much better.
Check this to get more:
Managing Risks With Hedge Mode in Crypto Futures Trading (https://www.binance.com/en/blog/futures/managing-risks-with-hedge-mode-in-crypto-futures-trading-3345275339961971082)
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
Well, it all has to do with the ability you have to assume what you can lose, that is, one understands that if your initial investment is $100, you must understand that a return of 0% and - 100% is feasible, but it should not affect you, because it maintains a minimum investment ratio of 1:100.
Sometimes it is difficult to explain in a few words, how to tell people like you who ask something as basic as: "control losses." When in reality, it is a number that is part of the total of your movements, positive and negative, which after a net-gross return, define your profit.
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Well, as you mentioned, this loss will be the greatest lesson for you. Harsh experiences and losses are the greatest teacher, provided that the trader benefits from them in avoiding his mistakes and developing his skills.
As for the exchanges, I don't think they are much interested in developing mechanisms to help people who suffer losses in futures trading get back on their feet, why would they do that? They win whether you lose or win so why bother.
You mentioned a very important point, which is that if it is spot trading, you can keep the asset until it rises, and this is the basic difference between spot trading and futures contracts, so I always advise using spot trading.
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When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.
True I have seen lots of people like this those are think that trading is a quick rich scheme. And because of this greed they are more attracted towards futures trading. Besides that, there are various Scammers groups who claim to give trade signals and take subscription money from people.
In fact, they show good signals twice and in most cases traders face losses due to trading by following such signals. There have been several times like this in the following cases, especially in the beginning, when I could not trade by myself, I used to trade by seeing signals from friends and different groups, and most of the trading was at a loss. And so, due to not being good at technical analysis, I currently do very little short-term or future trading. Now we are continuing bitcoin adoption by following Long-term DCA method.
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You mentioned a very important point, which is that if it is spot trading, you can keep the asset until it rises, and this is the basic difference between spot trading and futures contracts, so I always advise using spot trading.
For people who are not ready, spot trading is more recommended, because when it goes down they only need to hold until the price stabilizes again and turns profitable. However, this is also done on coins that do have potential, not like memecoins for example.
Meanwhile, in futures trading, they will lose when they feel a loss and it cannot be held as we wish, because price movements determine everything. Indeed, stop loss is one way, but it is clear that we experience losses there.
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Dear, this is why we should risk with only the money we can bear in form of losses, I always avoid feature trading due to some my personal preference. Feature trading is more risky for the newbie as they don't have any information how it work or how to make money out of it. They just set high leverage to check their luck and have to face big loses.
On the other hand, dear, if we talk about greed, it is common behaviour of the human that we all fall prey sometime in crypto space so it is better for us to have control on our greedy emotion to become a successful trader. I have done trading in spot i booked my profits according to my plan, and then i take exit from the market. After all that, i have no repentance even if the if the market goes up because i had already achieved my goals.
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When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.
True I have seen lots of people like this those are think that trading is a quick rich scheme. And because of this greed they are more attracted towards futures trading. Besides that, there are various Scammers groups who claim to give trade signals and take subscription money from people.
In fact, they show good signals twice and in most cases traders face losses due to trading by following such signals. There have been several times like this in the following cases, especially in the beginning, when I could not trade by myself, I used to trade by seeing signals from friends and different groups, and most of the trading was at a loss. And so, due to not being good at technical analysis, I currently do very little short-term or future trading. Now we are continuing bitcoin adoption by following Long-term DCA method.
For those who do have those kind of approach then sooner or later they would really be able to realize on whats the real deal on the moment that you would really be able to experience on the moment that you would really be stepping your foot into this volatile market. You should really be watching yourself about on those risks and would really be having that kind of management
on the moment that you would really be touching up this space. It isnt simple but doesnt mean that you cant really be able to have such advantage. You are the ones who would
really be making out such adjustment on the moment that you've seen that you are engaging into it.
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On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.
On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.
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To me you can only control your lost when you have a review of your pasts and figures out your lapses.
Then the reality actualization is diligently trying a new system such as diversifications with adequate research and to authenticate the system you are interested about is legit with the potentials of offering profits.
And then also, stay tuned to financial management.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
I knew it. I knew that it's not only me who's experiencing that thing but there are many more out there.
Anyway, it's the complete same experience as you are. That's what I also felt. Made some profits, traded, and completely forgot to put a stop-loss. Even though I lost so many times in trading already, I always let my emotions get me hence, I already stop it to prevent further losses.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
The exchange doesn't care about what you feel, and it's the same with the market. Nobody cares about your feelings except for yourself hence, they will not help you like what you want to do because after all, it's your decision to trade, and not them. It's your responsibility and not them, so why they will need to help you?
How do I control my losses? I'm only putting an amount in trading where I'm ok if I lose it all. How to recover and continue trading? I guess sometimes, we need to stop at some things especially if we aren't getting any benefit from it and that includes trading. :)
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On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.
On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.
I will suggest that you don't trade if you don't know about it so you will not lose but we cannot say that never trade because if you know well about it and have knowledge then trading will be more profitable for you so one should not avoid trading if he has both the facilities of having money and knowledge.
Market conditions also have some impacts on the growth of your money therefore first visualize the market and know what conditions are suitable for making profit so you will not lose too much money. Choosing a coin also matters a lot therefore when you choose any coin then it will describe whether your trade will be successful or not so be careful at every step towards your goals.
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It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
The exchange doesn't care about what you feel, and it's the same with the market. Nobody cares about your feelings except for yourself hence, they will not help you like what you want to do because after all, it's your decision to trade, and not them. It's your responsibility and not them, so why they will need to help you?
How do I control my losses? I'm only putting an amount in trading where I'm ok if I lose it all. How to recover and continue trading? I guess sometimes, we need to stop at some things especially if we aren't getting any benefit from it and that includes trading. :)
What you say is very right, they don't care about how we feel when we make a profit or when we lose, because they themselves issue futures trading so they can make a profit too.
It comes back to ourselves because we are the ones who feel everything. So we have to be able to understand trading as best as possible, because if we make a profit we won't care about them (the platform), right? So why do we have to depend on them when we are at a loss and suggest that they can help us.
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It is like that, but recommending going to Spot is not the solution, I say if what they both mention in their posts is true, but that does not exempt you from the losses, they are always there even if it is in Spot.
They are different risks, which have losses in common, but, I repeat, that does not mean that you have control over your losses, which is OP's objective issue. Losses cannot be controlled,(well, yes, no) it is an intrinsic issue in investments and there is always a bad approach to that idea, that is, if you lose $1000 (-) it is neither bad nor good, it are losses, yeah, it is obvious, so how do you improve them, with a return of +$1001.
That is, you must know the loss margins to be able to make profits at the end of the month. That's a simply strategy.
Changing to spot is a measure to return to another type of losses, and therefore another type of strategy, which is not easier or more difficult, but is the one that adapts to your finances, and/or individuals. (imo)
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On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.
What if the person hold a coin and the coin dropped 5 time in just 2 weeks or more? We should be careful of the coins that we hold. Bear time is not good for holders at times, especially if it is altcoins.
Holding or trading will depends on individual's choice. But trading is very risky than holding. They both have different approaches. Also in trading, little amount of money is enough. Example is if you have 100% of your money, if 25% can go into holding, just 5% is enough for trading.
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On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.
What if the person hold a coin and the coin dropped 5 time in just 2 weeks or more? We should be careful of the coins that we hold. Bear time is not good for holders at times, especially if it is altcoins.
Holding or trading will depends on individual's choice. But trading is very risky than holding. They both have different approaches. Also in trading, little amount of money is enough. Example is if you have 100% of your money, if 25% can go into holding, just 5% is enough for trading.
When the person buys a coin and after that the price drops very deeply as you said then we can make that an important lesson not to buy coins that have no potential. We have to do a deeper analysis of whether the project they are developing is very useful for society or not. After all, it's not just altcoins that have that potential, even Bitcoin also has the potential to fall as deeply as it did a few months ago.
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Experiencing losses in crypto trading is something that is a risk for a cryptocurrency trader, we cannot avoid it. However, we can minimize the losses we experience by setting a price limit, maybe that way we will be able to minimize the losses we will suffer. For example, when we buy coins.
So we have to have guidelines, for example if the price of the coin we bought has fallen by 20%. So we have to immediately cut losses, so that the losses we suffer are not too deep.
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Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.
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On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.
On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.
I will suggest that you don't trade if you don't know about it so you will not lose but we cannot say that never trade because if you know well about it and have knowledge then trading will be more profitable for you so one should not avoid trading if he has both the facilities of having money and knowledge.
Market conditions also have some impacts on the growth of your money therefore first visualize the market and know what conditions are suitable for making profit so you will not lose too much money. Choosing a coin also matters a lot therefore when you choose any coin then it will describe whether your trade will be successful or not so be careful at every step towards your goals.
Especially stop losses.. these days SL have been saving me a lot because of the volatility in the market.. just yesterday I placed a short on SOL using the futures bonus I got from Bitget... as a first time futures trader. Luckily I'm in profits now. I had to be patient though. So I'll say that plays a key role too..
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Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.
Stop-loss is the first thing that many traders learn when they enter this market, but they need more time and experience to really understand its value and apply it regularly to protect their capital and profits throughout their trading career.
I myself have also experienced the complex feeling of deciding to place a stop-loss. And to be honest, I don't currently place stop-losses on my portfolio because I'm afraid I'll sell right at the bottom before the market officially recovers and starts growing again. Anyway, it's easier said than done, and account management is not easy even for me - who has been in the crypto market for 7 years.
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Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.
Stop-loss is the first thing that many traders learn when they enter this market, but they need more time and experience to really understand its value and apply it regularly to protect their capital and profits throughout their trading career.
I myself have also experienced the complex feeling of deciding to place a stop-loss. And to be honest, I don't currently place stop-losses on my portfolio because I'm afraid I'll sell right at the bottom before the market officially recovers and starts growing again. Anyway, it's easier said than done, and account management is not easy even for me - who has been in the crypto market for 7 years.
Yeah, I agree. The risk management should be the first thing to do and should not be forgotten because this is the only key to extend your trading experience in live trading, it also helps you not to be destroyed emotionally as it cause greediness in trading that will make us to trade blindly which only result an additional losses. Demo trading is different from live trading because there's no emotion involve without using real money.
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It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
I think passing through this phase is permanent because as far as I saw every single person has faced this phase of future trading including me. I also have the same mentality of recovering the small lose and as a result end up losing it all. I mostly lost money due to my greed for earning more. I did not trade in the future for too long maybe 2 to 4 months max.
But it gave me a lesson that it is not for me, but I did learn some tips till now that we should set some stop loss, and take profit. We should have some plan for how much profit we want to make, and in how much time. If the plan is a success then follow it instead of being more greedy. SL is the biggest factor that we all should follow. If you lost, give yourself some time. But we guys learn it the hard ways I guess its inevitable haha. just like thanos said haha.
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Having control over strategies does not exempt you from losses.
There is a simple fact, profits, losses establish a RoI.
One cannot be measured by the simple fact that I did poorly today, at week, etc. or because I did not see profits in a certain period, that is quite normal. If it were that simple, we would all have "full pockets."
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Loss control strategies with Trading could often be using different tools like a trading bot or just putting your own risk management where you use limit orders as stop losses.
Personally, I use a trading bot for my every day trading and also have my group where I study different coins on what I will trade on. As long as I put some necessary stops with my trades, I am okay with it that’s already how I control my losses.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
At one time I was very much addicted to futures trading which caused me huge losses. Future trading is very risky so it is foolish to waste your time in future trading. Because here if you can't predict correctly then your balance will not take time to become zero. If you don't know how to manage risk then you won't be able to come back with profit from here. So I don't encourage futures trading to anyone who might get hurt. If you have enough money you can make good profit from spot trading if you can trade with a little careful analysis. And here you will lose but you will not have any fear of your balance going to zero.
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At one time I was very much addicted to futures trading which caused me huge losses. Future trading is very risky so it is foolish to waste your time in future trading. Because here if you can't predict correctly then your balance will not take time to become zero. If you don't know how to manage risk then you won't be able to come back with profit from here. So I don't encourage futures trading to anyone who might get hurt. If you have enough money you can make good profit from spot trading if you can trade with a little careful analysis. And here you will lose but you will not have any fear of your balance going to zero.
If it doesn't work for you doesn't mean it won't work for others.
Now the strange thing about the case is that you give yourself the answer to that concern and I quote:
"And here you will lose but you will not have any fear of your balance going to zero."
One of the priorities to understand is that whether spot or futures, there is never a certificate of guaranteed profits, never, regardless of the amount you invest, but the important thing is to know that if you manage your bankroll correctly, 100 losses will be compensate with a return in the long term.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
At one time I was very much addicted to futures trading which caused me huge losses. Future trading is very risky so it is foolish to waste your time in future trading. Because here if you can't predict correctly then your balance will not take time to become zero. If you don't know how to manage risk then you won't be able to come back with profit from here. So I don't encourage futures trading to anyone who might get hurt. If you have enough money you can make good profit from spot trading if you can trade with a little careful analysis. And here you will lose but you will not have any fear of your balance going to zero.
Yes futures trading has huge risks, we can lose our money some time after we make an entry. If we don't know what futures trading is like then it would be better to avoid it, but if we already understand then please do it, of course at our own risk.
On the other hand, many people are interested in futures trading because they see they can make profits quickly. They only see it from a profit perspective, they don't realize what risks they are facing. That's what a lot of beginners do.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
At least you've learned your lesson (hopefully).
But in all honesty, if losing $100 was a massive blow to you financially and psychologically, then maybe you shouldn't be trading just yet, or maybe just give demo accounts a try just to get knowledge and experience. You'd probably be better off developing some marketable skills and getting a good-paying job (or self-employment). Get a steady income first and then experiment with trading etc.
I don't subscribe to the opinion that spot trading is inherently better just because you have something to hold on to and wait for it to rise. Too many people fall victim to the sunk-cost fallacy. For the purpose of trading, any past actions (i.e. entry price) should be ignored and focus should be put on the present and the future.
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Dear, this is why we should risk with only the money we can bear in form of losses, I always avoid feature trading due to some my personal preference. Feature trading is more risky for the newbie as they don't have any information how it work or how to make money out of it. They just set high leverage to check their luck and have to face big loses.
On the other hand, dear, if we talk about greed, it is common behaviour of the human that we all fall prey sometime in crypto space so it is better for us to have control on our greedy emotion to become a successful trader. I have done trading in spot i booked my profits according to my plan, and then i take exit from the market. After all that, i have no repentance even if the if the market goes up because i had already achieved my goals.
Nice points highlighted there mate will note this thanks.
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When it comes to controlling loss in trading, we could make use of some gambling strategies to ensure that we have control over loses to a particular percentage, though there may still be some level of inevitable risk in what we are doing, minor losses as well as other little market challenges from the trades we may be doing, we should also have more understanding about the particular kind of trade we are going for in other to minimize loss as well.
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When it comes to controlling loss in trading, we could make use of some gambling strategies to ensure that we have control over loses to a particular percentage, though there may still be some level of inevitable risk in what we are doing, minor losses as well as other little market challenges from the trades we may be doing, we should also have more understanding about the particular kind of trade we are going for in other to minimize loss as well.
What kind of strategy are you referring to? Wouldn't the context be too different especially if those strategies come from a specific game instead? I don't think it is wise to use a strategy from a different activity even if they share similarities. On top of that, we have a lot of resources for trading risk management if anyone is interested in it. Granted you still need to acquire the skill to filter the noise that might affect your decision making.
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so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
Futures trading is a two-way risk and profit. I don't think that there is any particular strategy that guarantees to turn your states around especially if you gone bankrupted. I mean let's say with strategy A you make a profit today, it doesn't guarantee it will work the same way tomorrow. Controlling losses is the same as wanting to control the entire market. I think you can only limit the risk of loss that you can bear when you open a position.
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Yes futures trading has huge risks, we can lose our money some time after we make an entry. If we don't know what futures trading is like then it would be better to avoid it, but if we already understand then please do it, of course at our own risk.
On the other hand, many people are interested in futures trading because they see they can make profits quickly. They only see it from a profit perspective, they don't realize what risks they are facing. That's what a lot of beginners do.
Future trading is one of the most risky options of earning and those who are participating in future trading will not only lose money but will also be mentally disturbed therefore try to choose that field which does not have adverse effects on your health and provide you a better way of earning.
A quicker way of earning does not always work and those who choose quicker ways of earning will suffer in life as greed is a bad thing and many individuals lose huge sum just because of greed. Investment and trading can give you profit if you have patience and are ready for all the things that are coming in the future because the future of crypto coins is unpredictable.
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I believe that as long as we think we are on the right path, not changing is one of the most important ones. I mean that doesn't mean that we are going to end up with a profit at all times, but we could definitely consider how to make it work one way or another. The reality is that we shouldn't really consider what we are doing as wrong, as long as the market itself doesn't provide proof for that, sometimes it does and then we can change, but before it does there is no need. This is why we should try to keep it going with the plan without changing much of it, or any of it, if we could do that.
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Yes futures trading has huge risks, we can lose our money some time after we make an entry. If we don't know what futures trading is like then it would be better to avoid it, but if we already understand then please do it, of course at our own risk.
On the other hand, many people are interested in futures trading because they see they can make profits quickly. They only see it from a profit perspective, they don't realize what risks they are facing. That's what a lot of beginners do.
Future trading is actually one of the trading I consider to be highly risky because of the nature of it, however there is no much difference between future and normal Fx trading because there is a high chance of losing everything at a blink of an eye, and one of the things I realized about future trading is that is very complex to understand.
However the only reason why people always prefer trading future is because of the possible profits they could get from it if they eventually get it right, but among all the trading I think the one I consider a little bit safer is the normal crypto trading because is much safer in terms of losing your investment because even if the price should go against the trading there investment will only depreciate in value till when the price bounce back.
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Actually, this is quite tricky when talking about loss control strategies. Because often we have set and managed the best strategy to control ourselves in trading, but in reality our defense is often destroyed and control is often lost. Ha ha
because of that, to get around all of that, it would be much better if in trading, I personally implement:
- Set SL/TP so that we don't panic or get too greedy
- Set the amount only to trade, no more than ..... to do once trading
- Learn and improve the quality of emotional management, because maintaining a strong mentality and emotions really requires special attention and extra effort so that we don't easily get tempted.
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When it comes to controlling loss in trading, we could make use of some gambling strategies to ensure that we have control over loses to a particular percentage, though there may still be some level of inevitable risk in what we are doing, minor losses as well as other little market challenges from the trades we may be doing, we should also have more understanding about the particular kind of trade we are going for in other to minimize loss as well.
Minimizing losses is an idea that has become deeply rooted in the discourse of traders in general, but it is intrinsically linked to profits, and it is something that many do not understand when they start managing their bankroll.
That is to say, losses are a variable factor in their frequency, you cannot avoid it, so minimizing losses does not have to be a multiplying effect on your profits, on the contrary it is normal. The issue lies in whether the profit supports that percentage of losses.
e.g.: If you lose $1000 or $100 (whichever amount applies) it does not mean raising an alert in the simple phrase; "minimize losses", come on, it's normal in the profit margin.
Understand, big profits have losses,it is a "partner," and as a good "partner," you control them with little participation (%) in your profits.
Therefore, wanting to modify your loss margins can be counterproductive.
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Yes futures trading has huge risks, we can lose our money some time after we make an entry. If we don't know what futures trading is like then it would be better to avoid it, but if we already understand then please do it, of course at our own risk.
On the other hand, many people are interested in futures trading because they see they can make profits quickly. They only see it from a profit perspective, they don't realize what risks they are facing. That's what a lot of beginners do.
Future trading is one of the most risky options of earning and those who are participating in future trading will not only lose money but will also be mentally disturbed therefore try to choose that field which does not have adverse effects on your health and provide you a better way of earning.
A quicker way of earning does not always work and those who choose quicker ways of earning will suffer in life as greed is a bad thing and many individuals lose huge sum just because of greed. Investment and trading can give you profit if you have patience and are ready for all the things that are coming in the future because the future of crypto coins is unpredictable.
Agreed, where there is potential for quick profit, the losing ratio is also high. Cryptocurrencies are the most volatile platforms that can experience major ups and downs in a short amount of time. Meanwhile, those who participate in futures trading should increase their risk by 100 times. Chances of losing all the money within moments are very high. If one gets profit from future trade10 days in a row he tries to get more on the 11th day and at some point he loses all his money. An investor's confidence in cryptocurrency is one of the most important factors without which one can never hope to get out of this platform. Although there are some differences, it would not be wrong to compare futures trading with gambling.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
As you already mentioned that you have done the future trade with the emotions and that is the main cause for your loss, in generally I am not a future trader I just do spot trading and in my case all the time I have use the DCA method for long term strategy and that makes my loss control strategies. And the other thing I have some control currently when I did spot trading, and also use the stop loss trading features maybe that can be also work for you. But the first day you have to bring control in yourself.
Future trading is as tempting as gambling so here a person loses a lot of things very quickly because no one can guarantee anyone's prediction. So when someone takes sell short then if the price goes up then his loss. I do not do futures trading or advise anyone to do so. DCA method will be very effective for risk management. It is possible to reduce the loss a lot through DCA, so if you buy and hold tokens or coins following the DCA method on the spot, it is expected to be able to give good profit.
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Future trading is as tempting as gambling so here a person loses a lot of things very quickly because no one can guarantee anyone's prediction. So when someone takes sell short then if the price goes up then his loss. I do not do futures trading or advise anyone to do so. DCA method will be very effective for risk management. It is possible to reduce the loss a lot through DCA, so if you buy and hold tokens or coins following the DCA method on the spot, it is expected to be able to give good profit.
For risk management there is no doubt about the DCA method is the best and I also mention for this cause in my previous post. Anyway if I talk about the Future trading then you are also right that it's kinda gambling thing because there something depend on fully luck but even then I will not say that there is no need off skill, here skill are also matters so it will be only advisable to do future trading when the trader have proper knowledge and skill on analysis. :)
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Having control over strategies does not exempt you from losses.
There is a simple fact, profits, losses establish a RoI.
One cannot be measured by the simple fact that I did poorly today, at week, etc. or because I did not see profits in a certain period, that is quite normal. If it were that simple, we would all have "full pockets."
You are right, profit and loss is the part of the game but one should focus on increasing one while decreasing or avoiding the other (loss). And as far as I saw, every single person passes by a phase where they lose a lot but some of them learn from their mistakes so they won't repeat them in the future. In short, newbies make the most losses because of the lesser knowledge they have.
I know it is obvious to make both and what's ROI but a person always tries to improve his ROI by making more profit, and in essence, we should follow certain tips, like usage of SL and TP, if a person is not utilizing the method to minimize the risk and increase the profit somehow, then its obvious for him to make loss.
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It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
It's a good thing that you are finding mistakes in your trading methods and not blaming the volatility and market manipulation factors. Many newbies blame others for making losses when they should be finding the cause of the bad trade. If they are trading with emotions and trying so hard to give their mind relief that we will recover the loss too we just need to take another trade then that needs to stop.
Future trading platforms cannot give the lost amount back if you are rekt why would they give your lost funds back to you if they start to do that then how they are going to make a profit. That's their way of business to make money. I control my loss by making more and more losses :D I made a lot of losses and that has trained me mentally to bear small losses.
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For risk management there is no doubt about the DCA method is the best and I also mention for this cause in my previous post. Anyway if I talk about the Future trading then you are also right that it's kinda gambling thing because there something depend on fully luck but even then I will not say that there is no need off skill, here skill are also matters so it will be only advisable to do future trading when the trader have proper knowledge and skill on analysis. :)
Skills and knowledge are required for both trading and investment and in case of future trading we will have high chances of loss no matter how long we learn about it therefore we should not choose that way of earning in which our skills and experience does not make us able to earn well.
One should make an investment by applying the strategy of DCA because with this technology you can minimize your loss and I think whenever the price reduces we should make little investment according to the amount of money we have.
If someone is an expert in trading then trading can give him something beneficial but there is huge risk with future trading and everyone knows it better but still people are looking for the way of getting huge profit due to which they are accepting every good or bad way.
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If someone is an expert in trading then trading can give him something beneficial but there is huge risk with future trading and everyone knows it better but still people are looking for the way of getting huge profit due to which they are accepting every good or bad way.
I believe in this, the bigger or faster the profits we can get, the bigger the risks we have to take. This applies to trading, because trading has the 2 categories I said.
Only in the future, trading can give us profits, but this is proportional to what we have to accept with the risk, namely at the same time we may experience losses. So this is something that is a balance between the advantages and disadvantages that we can get.
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I believe in this, the bigger or faster the profits we can get, the bigger the risks we have to take. This applies to trading, because trading has the 2 categories I said.
Only in the future, trading can give us profits, but this is proportional to what we have to accept with the risk, namely at the same time we may experience losses. So this is something that is a balance between the advantages and disadvantages that we can get.
There are bad and good things about trading and we should not accept any of these but should be ready to go with both because the future is unpredictable and we don't know that we will lose or win but if we are mentally prepared for both of the situations then we will not be disturbed after a loss. We can have both the condition depending on our coin, our decision and the circumstances of the market.
I think there is a balance because we can face both loss and win but when we come in reality then for newbies the percentage of loss becomes higher as that of win percentage and for experts the percentage of win increases so I think all depends on the knowledge and number of accurate trade as more you trade accurately more you will win.
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I believe in this, the bigger or faster the profits we can get, the bigger the risks we have to take. This applies to trading, because trading has the 2 categories I said.
Only in the future, trading can give us profits, but this is proportional to what we have to accept with the risk, namely at the same time we may experience losses. So this is something that is a balance between the advantages and disadvantages that we can get.
There are bad and good things about trading and we should not accept any of these but should be ready to go with both because the future is unpredictable and we don't know that we will lose or win but if we are mentally prepared for both of the situations then we will not be disturbed after a loss. We can have both the condition depending on our coin, our decision and the circumstances of the market.
I think there is a balance because we can face both loss and win but when we come in reality then for newbies the percentage of loss becomes higher as that of win percentage and for experts the percentage of win increases so I think all depends on the knowledge and number of accurate trade as more you trade accurately more you will win.
Yes, of course knowledge will play an important role in determining us in trading, and I also see that someone who is a professional can be better because their knowledge is also extensive, so that helps them analyze better.
On the other hand, beginners, they are still in the development stage or there is still a lot they don't know, so that also influences their trading results, because they don't have much knowledge and experience.
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Yes, of course knowledge will play an important role in determining us in trading, and I also see that someone who is a professional can be better because their knowledge is also extensive, so that helps them analyze better.
On the other hand, beginners, they are still in the development stage or there is still a lot they don't know, so that also influences their trading results, because they don't have much knowledge and experience.
At first experts are also new to the market and they don't know the reality so when time passes they realise about the good and bad things related to the market and start to find ways to eliminate The bad things that come into their way of success. This all can only be possible with the help of knowledge and if one has not got any knowledge then becoming an expert will be a time consuming process for him.
Most of the people are now getting Knowledge about trading but just with knowledge they cannot be successful until they get experience with the help of such knowledge and experience the win and loss situations because hearing about something is totally different from doing anything.
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Stay on spot, I avoid going with futures even if there are times that I want to. I just don't want to have that loss story in trading through futures. I know the risk and it's a hard thing to take but I know that I can avoid it and so I am staying to the spot and even it's a lesser profitability and it varies how much capital that I can start with. But at least on this strategy, this is not going to make me liquidated as long as the price target hasn't been met.
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I still think that holding is the best way. Sure if you are holding some terrible I agree to sell, but it hasn't changed and I think if we are talking about something like btc, then its holding. I see that a lot of people supported stop loss, which isn't that bad, and there are some other ways, I understand the need for something different, but that doesn't mean that we are going to get anything great from it, just ignore it and focus on what we can do. I personally believe that the best we can do will be holding and DCA, if you do that, then you are going to end up with some great profits in the end.
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I personally believe that the best we can do will be holding and DCA, if you do that, then you are going to end up with some great profits in the end.
hold and DCA will only apply if you have a reserve of money that you haven't used yet.
But when there is no reserve whatsoever and the market looks set to go bearish for quite a long time, some considerations to sell first and then buy again at that lowest price can be done.
But with a note that you're absolutely sure the next decline will be deeper.
Trading knowledge, technical and fundamental analysis is very much needed, not just challenging loss control or any strategy.
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Stay on spot, I avoid going with futures even if there are times that I want to. I just don't want to have that loss story in trading through futures.
If you're doing futures trading with 1x leverage then it's not that much risky when doin it on coins like Bitcoin but when someone is going with higher leverage then that's going to be quite risky.
Those who do 2x leverage end up losing their capital when an asset drops 50% of its value and in most exchanges it's always going to be less than 50% and that's why one should avoid futures trading if he/she doesn't want to take those unnecessary risks.
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If you're doing futures trading with 1x leverage then it's not that much risky when doin it on coins like Bitcoin but when someone is going with higher leverage then that's going to be quite risky.
Those who do 2x leverage end up losing their capital when an asset drops 50% of its value and in most exchanges it's always going to be less than 50% and that's why one should avoid futures trading if he/she doesn't want to take those unnecessary risks.
I don't get the purpose of trading on futures with 1X leverage. You are likely trading with the spot. It would be better to trade in spot if you are planning to set your leverage to 1x.
The reason why using leverage is to borrow USDT to trade and maximize the amount you want to trade so if you set it to 1x then you are trading with your capital. If I'm going to set 1x then I'll buy on spot instead except for the short position if want less risk and take advantage to make profit in bearish season 1x levarage is fine.
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If you're doing futures trading with 1x leverage then it's not that much risky when doin it on coins like Bitcoin but when someone is going with higher leverage then that's going to be quite risky.
Those who do 2x leverage end up losing their capital when an asset drops 50% of its value and in most exchanges it's always going to be less than 50% and that's why one should avoid futures trading if he/she doesn't want to take those unnecessary risks.
I don't get the purpose of trading on futures with 1X leverage. You are likely trading with the spot. It would be better to trade in spot if you are planning to set your leverage to 1x.
The reason why using leverage is to borrow USDT to trade and maximize the amount you want to trade so if you set it to 1x then you are trading with your capital. If I'm going to set 1x then I'll buy on spot instead except for the short position if want less risk and take advantage to make profit in bearish season 1x levarage is fine.
+1 ... I think the point that @samreomo wants to explain is about risk... the greater the leverage you take, the greater the risk... apart from thinking about leverage, we also have to understand that the actual movements of the futures market usually have a slight difference with the market. spot... especially for short term candlesticks... starting from 1 hour to 1 day..
The advantage of using 1x leverage is not much different from what @bitmaxz said, namely that it is not much different from spot trading... and because I use spot trading more often, so I think 1x leverage is only needed when you want to get bigger profits from a bearish market .
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Stay on spot, I avoid going with futures even if there are times that I want to. I just don't want to have that loss story in trading through futures.
If you're doing futures trading with 1x leverage then it's not that much risky when doin it on coins like Bitcoin but when someone is going with higher leverage then that's going to be quite risky.
Those who do 2x leverage end up losing their capital when an asset drops 50% of its value and in most exchanges it's always going to be less than 50% and that's why one should avoid futures trading if he/she doesn't want to take those unnecessary risks.
1x doesn't make sense but with 2x, that's still a fine leverage to do. Well, I am satisfied with staying on the spot and I am free with emotional obligation to myself and it is effortless compared to doing futures. I guess that we've got our own satisfaction in trading and most of us even like to hold than to be active in the market. But doing like a few bucks to place in futures, it is not going to hurt whether you'd be able to grow or lose it.
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Yes, of course knowledge will play an important role in determining us in trading, and I also see that someone who is a professional can be better because their knowledge is also extensive, so that helps them analyze better.
On the other hand, beginners, they are still in the development stage or there is still a lot they don't know, so that also influences their trading results, because they don't have much knowledge and experience.
At first experts are also new to the market and they don't know the reality so when time passes they realise about the good and bad things related to the market and start to find ways to eliminate The bad things that come into their way of success. This all can only be possible with the help of knowledge and if one has not got any knowledge then becoming an expert will be a time consuming process for him.
Most of the people are now getting Knowledge about trading but just with knowledge they cannot be successful until they get experience with the help of such knowledge and experience the win and loss situations because hearing about something is totally different from doing anything.
Yes, it is impossible for a professional that we know now or who exists today to be in their current position. They were also initially beginners who knew nothing about trading. But their hard work brought them to where they are today.
This applies to everyone, anyone who works hard and truly will achieve something they want in the future. It's just that they have to be patient with the process, which may result in failure many times which will make their mental state decline. But at the same time they have to quickly get back up again.
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I don't get the purpose of trading on futures with 1X leverage. You are likely trading with the spot. It would be better to trade in spot if you are planning to set your leverage to 1x.
The reason why using leverage is to borrow USDT to trade and maximize the amount you want to trade so if you set it to 1x then you are trading with your capital. If I'm going to set 1x then I'll buy on spot instead except for the short position if want less risk and take advantage to make profit in bearish season 1x levarage is fine.
Why would anyone want to use leverage for trading! Besides asset professionals of course.
Leverage is an easy way for you to get rekt, and I keep saying this, there is no use for you, a normal investor, to be trading with any amount of leverage.
It severely increases the chance of your trade "hedge" failing, and you lose a lot of money, since you are basically borrowing it from the exchange.
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For risk management there is no doubt about the DCA method is the best and I also mention for this cause in my previous post. Anyway if I talk about the Future trading then you are also right that it's kinda gambling thing because there something depend on fully luck but even then I will not say that there is no need off skill, here skill are also matters so it will be only advisable to do future trading when the trader have proper knowledge and skill on analysis. :)
Buddy risk management includes many steps to follow so that your risk can be reduced as much as possible. DCA is a very good method of investing for one to reduce his/her risk but I believe one should also focus on one more thing which is that one should not invest all of his/her amounts in only one project. He/she should diversify his/her amount and invest it in different good potential projects so that the chances of high risk can be reduced over his/her investment.
In this way, if one is following these both steps like your mentioned one and mine one. Then there may be a chance that his/her risk can be reduced as much as possible. Besides this, you may have some other strategies as well to reduce risk over investment in your knowledge. Must share any other information or ideas you have in your knowledge. Many Thanks!
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For risk management there is no doubt about the DCA method is the best and I also mention for this cause in my previous post. Anyway if I talk about the Future trading then you are also right that it's kinda gambling thing because there something depend on fully luck but even then I will not say that there is no need off skill, here skill are also matters so it will be only advisable to do future trading when the trader have proper knowledge and skill on analysis. :)
Buddy risk management includes many steps to follow so that your risk can be reduced as much as possible. DCA is a very good method of investing for one to reduce his/her risk but I believe one should also focus on one more thing which is that one should not invest all of his/her amounts in only one project. He/she should diversify his/her amount and invest it in different good potential projects so that the chances of high risk can be reduced over his/her investment.
In this way, if one is following these both steps like your mentioned one and mine one. Then there may be a chance that his/her risk can be reduced as much as possible. Besides this, you may have some other strategies as well to reduce risk over investment in your knowledge. Must share any other information or ideas you have in your knowledge. Many Thanks!
On the moment that you would really be experiencing some loses then it would really be that impossible that you wont really be able to reassess on what happened earlier.
This is why on the time or moment that you do find yourself on such losing condition then you are wary on what are the things that you should really be doing in next time.
Control would really be that totally depending on how you would really be acting into it on which there are people who are really that good when it comes to
self control and there are ones who arent.
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On the moment that you would really be experiencing some loses then it would really be that impossible that you wont really be able to reassess on what happened earlier.
This is why on the time or moment that you do find yourself on such losing condition then you are wary on what are the things that you should really be doing in next time.
Control would really be that totally depending on how you would really be acting into it on which there are people who are really that good when it comes to
self control and there are ones who arent.
No, not really, I have already mentioned it in other posts, losses are not indicative that your process is wrong, I don't know why the "speech" is repeated and repeated, losses are an unequivocal requirement in any risky activity, especially investment, so your ability to respond to that is to have calculated the level of acceptable losses.
It's simply understanding the percentage of losses that correspond to the financial movement you're making.
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Buddy risk management includes many steps to follow so that your risk can be reduced as much as possible. DCA is a very good method of investing for one to reduce his/her risk but I believe one should also focus on one more thing which is that one should not invest all of his/her amounts in only one project. He/she should diversify his/her amount and invest it in different good potential projects so that the chances of high risk can be reduced over his/her investment......
DCA is a good method to reduce the chance of loss, but I think diversifying your investment is a wiser decision. You can find some other projects that you can be sure will give you some profits, and in case of your wrong prediction and the price goes down, then you will only lose in one project, and the rest of yours will be safe. I have another method to reduce your loss as much as possible, and that is to not invest your whole funds; just put one part of your fund in a project and keep the rest as a backup. So if you lose in that trade, then you can use the other parts.
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No, not really, I have already mentioned it in other posts, losses are not indicative that your process is wrong, I don't know why the "speech" is repeated and repeated, losses are an unequivocal requirement in any risky activity, especially investment, so your ability to respond to that is to have calculated the level of acceptable losses.
It's simply understanding the percentage of losses that correspond to the financial movement you're making.
Well said buddy. To say that most of the traders trade without understanding only in the hope of profit, I see that there are many trades which have become debts of a lot of money by borrowing and trading . So to survive from all these aspects, I think they should need to know their ability before starting trading. As I think if someone wants to manage risk then he can continue investing around 10% of his income in DCA strategy. I don't know if it will be the same for other people though. And traders should always remember this Investment should be that much which they can afford to lose.
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In order to make the most of this bull run, it's important for all of us to carefully position ourselves by conducting thorough research on promising coins.
I personally rely on https://cryptogugu.com for my research.
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DCA is a good method to reduce the chance of loss, but I think diversifying your investment is a wiser decision. You can find some other projects that you can be sure will give you some profits, and in case of your wrong prediction and the price goes down, then you will only lose in one project, and the rest of yours will be safe. I have another method to reduce your loss as much as possible, and that is to not invest your whole funds; just put one part of your fund in a project and keep the rest as a backup. So if you lose in that trade, then you can use the other parts.
Buddy, this is the real game, winning wines in this space according to his/her decision during the time he gets into the market. So, One who has sufficient knowledge has a higher chance of winning in the market, and one who has insufficient knowledge has a lower chance of winning in the market, Besides this, we are talking about diversifying, so for this, high and quality research is required which mean one should have good knowledge as we know that investing in alt projects is a very picky part. So, one who diversifies his/her portfolio into a good potential project that can give them a good profit then these investors will be counted as the winner in the crypto space.
Besides this buddy, you also suggested me a piece of advice, so what are you referring to here? are you referring to short-term investment? where one can invest one part of his portfolio into one project so when this project is given to him/her profit then he/she can exit from the market. The rest of his/her amount stay safe? if that so then you are referring to doing trades just by using some part of the whole portfolio where I am talking about long-term investment using DCA and the Diversification method. Buddy, I like your advice, I have done only some trades from the time I am in the crypto space, and Alhumdulila all trades were good I had. Many Thanks for your advice, Buddy! :)
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
- I believe that trading is a skill; you can't study trading and learn the other tool indicators used in trading here in the crypto trading business and even in other trading like the stock market.
It is not possible to just change it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There is no shortcut here either.
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I have no special knowledge of trading but I am commenting on the basis that my colleague earns good profits in crypto trading. If a well-known crypto trader has a large following by sharing his analysis strategies and insights, the platform provides crypto trading signals and educational material. He can earn a good income on the basis of market analysis and trading strategies.
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I have no special knowledge of trading but I am commenting on the basis that my colleague earns good profits in crypto trading. If a well-known crypto trader has a large following by sharing his analysis strategies and insights, the platform provides crypto trading signals and educational material. He can earn a good income on the basis of market analysis and trading strategies.
It's good to know that your friend have a lot of profit by trading. But in terms of trading, I think it is best not to rely on others to analyze and trade by yourself, especially following different groups for trading signals is foolish work.
And for you if you have any interest on trading I will say as you are a beginner at trading you should take long term strategy with the DCA method what is the best for loss management and as well as you can control your loss on this strategy.
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I have no special knowledge of trading but I am commenting on the basis that my colleague earns good profits in crypto trading. If a well-known crypto trader has a large following by sharing his analysis strategies and insights, the platform provides crypto trading signals and educational material. He can earn a good income on the basis of market analysis and trading strategies.
To be honest, it is too risky to believe in a well-known crypto trader. Even if your colleague can earn good profits several times following the popular trader, he is actually a human only. Sometimes he can make a mistake, he won't always share the right prediction. Also, if we only relies on a certain trader, we will never be a professional trader. I think it is better to improve our knowledge, so we can make our own prediction and have our own analysis.
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I have no special knowledge of trading but I am commenting on the basis that my colleague earns good profits in crypto trading. If a well-known crypto trader has a large following by sharing his analysis strategies and insights, the platform provides crypto trading signals and educational material. He can earn a good income on the basis of market analysis and trading strategies.
To be honest, it is too risky to believe in a well-known crypto trader. Even if your colleague can earn good profits several times following the popular trader, he is actually a human only. Sometimes he can make a mistake, he won't always share the right prediction. Also, if we only relies on a certain trader, we will never be a professional trader. I think it is better to improve our knowledge, so we can make our own prediction and have our own analysis.
If you're relying on other traders, just stop trading. What happened with your colleague doesn't happen to you. He might be making some profits in crypto trading, but that doesn't mean that if he shared his way of doing it, the same will happen to you. Well, you might give it a try and follow what he's saying to test it. After all, you will not know what will be the result if you will not try.
Relying on others doesn't make us a good trader. Relying on ourselves, and our knowledge makes us a better one. Learning how to analyze the markets, analyze the charts, and making good decisions is what makes us a good trader. Unfortunately for me, I didn't become a successful trader. Still, I wouldn't recommend relying on others when it comes to trading.
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- I believe that trading is a skill; you can't study trading and learn the other tool indicators used in trading here in the crypto trading business and even in other trading like the stock market.
It is not possible to just change it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There is no shortcut here either.
I will agree with you that trading is never a shortcut way to earn. Those who think of trading as quick rich method or shortcut way to earn income are actually living in a fool's paradise.
Just like in all other fields, you have to spend time to get success, in order to be successful in trading, you have to spend time to gain analysis skills and you have to constantly update yourself about this sector. And those who come here to invest money just because of greed without doing these, face loss in many ways.
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I don't get the purpose of trading on futures with 1X leverage. You are likely trading with the spot. It would be better to trade in spot if you are planning to set your leverage to 1x.
The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.
Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.
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The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.
Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.
Not just for shorting but also to increase the amount you want to invest if you only have a very small capital you can increase the leverage and take a position with a higher amount compared to trading with the spot you can only invest in crypto with your total capital unlike futures where you can make $10 to $500 50x leverage or more than that and gain a huge PNL with a small margin since it's 50x leverage it is also too risky that is why you need to combine a risk management strategy to avoid large loses in high leverage.
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I love technical analysis, but not all of it. I don't believe in figures - triangles, reversals, shoulders and the like. Maybe they were relevant a long time ago, but now I have repeatedly been convinced of their untruthfulness. I believe in support and resistance levels. So, that's why I use stop losses. This is the moment when I understand that I have not guessed the price direction and therefore I transfer Bitcoins to USDT. And this is a great way to fix losses.
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- I believe that trading is a skill; you can't study trading and learn the other tool indicators used in trading here in the crypto trading business and even in other trading like the stock market.
It is not possible to just change it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There is no shortcut here either.
I will agree with you that trading is never a shortcut way to earn. Those who think of trading as quick rich method or shortcut way to earn income are actually living in a fool's paradise.
Just like in all other fields, you have to spend time to get success, in order to be successful in trading, you have to spend time to gain analysis skills and you have to constantly update yourself about this sector. And those who come here to invest money just because of greed without doing these, face loss in many ways.
Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.
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The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.
You can get profits in a short time in future but you also can lose all the funds instantly as well. Honestly, I am a person who dislike future trading because it is almost similar as gambling. If we want to have a long journey in trading, I think it is better to trade in spot because it is much safer for a long term.
Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.
Margin trading is also riskier trading type, it is not for a newbie or an average trader. For me, only experienced traders who deserve to try margin trading. I personally never think to try this, I am not comfortable with this trading type. I usually only use spot trading if I have spare time for trading.
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Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.
From this point of view, I would also like to say that to get the psychological and emotional control required for dealing up with losses, you have to do some wrong trading or face loss initially. Moreover, when a person gets real experience in a field, he can know about its proper use. If I talk about myself, I will say that initially when I came, I faced loss by doing wrong trading which I have already mentioned in your and my post, which is the usual normal newbie mistake.
However, there is no guarantee that everyone will learn from the mistakes they make because everyone's psychological and emotional control is not the same, in many cases it can be seen that even after making a mistake, without learning from it, they eat bigger losses through bigger investments.
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In the case of trading, the number of losses is much more than the profit because most people rush into trading in new situations. So when one of your entries goes against the market trend this loss calculation starts. According to me the biggest reason for losing in trading is lack of adequate knowledge about the subject of trading. So until you fully understand the ins and outs of trading, profits will become mirages which most newbies have the least patience for! After a few days of practice trading he came to trade in the real market. After trading for a few days the final result is the loss. There are strategies in trading which you have to practice regularly and once you become an expert you will see the profit. I want to be aware of this so practice trading more to minimize my losses.
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Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.
From this point of view, I would also like to say that to get the psychological and emotional control required for dealing up with losses, you have to do some wrong trading or face loss initially. Moreover, when a person gets real experience in a field, he can know about its proper use. If I talk about myself, I will say that initially when I came, I faced loss by doing wrong trading which I have already mentioned in your and my post, which is the usual normal newbie mistake.
However, there is no guarantee that everyone will learn from the mistakes they make because everyone's psychological and emotional control is not the same, in many cases it can be seen that even after making a mistake, without learning from it, they eat bigger losses through bigger investments.
Whether you do like it or not, you would really be able to experience and realize for yourself on what are the things that you would really be needing on which you cant really just that make yourself that able to avoid on not to think nor able to realize on what are the things that you are really that dealing on with and you do really need up for you to do to have that kind of advantage on which we know that on the moment that you are on a losing situation then it couldnt really be that for you to be able to control your emotions on some point.
Each people are different when it comes into this aspect and this is why you should really be that careful on dealing up with things or decisions specially with gambling.
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You should always trade within a certain limit, i.e. you should trade with the amount you can afford to lose. I think if you don't exceed your trading limit, then you will never fall into such a big loss. But even if you somehow end up with a big loss then you have to stop trading for a while until your loss is recovered. Also if you trade more to recover your loss after the loss then you will lose more.
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Whether you do like it or not, you would really be able to experience and realize for yourself on what are the things that you would really be needing on which you cant really just that make yourself that able to avoid on not to think nor able to realize on what are the things that you are really that dealing on with and you do really need up for you to do to have that kind of advantage on which we know that on the moment that you are on a losing situation then it couldnt really be that for you to be able to control your emotions on some point.
Each people are different when it comes into this aspect and this is why you should really be that careful on dealing up with things or decisions specially with gambling.
Yeap that's what I wanted to explain. Because no matter how well you learn to analyze by hand or demo account, you will become a successful trader in the real field. I mean you have to make trade with the real money. And obviously this is after you have got the lesson and as well as I will also say that when you will start you should start with the lower volume I mean the lower fund. Because this is the learning period also and here the possibility of losing or making wrong decisions is high.
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If you're relying on other traders, just stop trading. What happened with your colleague doesn't happen to you. He might be making some profits in crypto trading, but that doesn't mean that if he shared his way of doing it, the same will happen to you. Well, you might give it a try and follow what he's saying to test it. After all, you will not know what will be the result if you will not try.
Relying on others doesn't make us a good trader. Relying on ourselves, and our knowledge makes us a better one. Learning how to analyze the markets, analyze the charts, and making good decisions is what makes us a good trader. Unfortunately for me, I didn't become a successful trader. Still, I wouldn't recommend relying on others when it comes to trading.
It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
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It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.
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It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.
I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.
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It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.
I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.
I fully agree with you because I will trade with my money if I analyze well then I can get good results don't go trading on other's words sometimes if you want to train you can lose your money because your own experience is the most important thing in trading in case So you check the market without listening to others and you decide which trading you want to do, which points you want to buy, which coins you want to hold, it is entirely up to you.
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It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.
I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.
I fully agree with you because I will trade with my money if I analyze well then I can get good results don't go trading on other's words sometimes if you want to train you can lose your money because your own experience is the most important thing in trading in case So you check the market without listening to others and you decide which trading you want to do, which points you want to buy, which coins you want to hold, it is entirely up to you.
Actually its not really that bad to see or hear out someones or other peoples views and their own analysis on which this could potentially helpful if you do find somehting which would really be considerable. The only issue on here is that there are really those people who are really that having that fully relying into what those people been saying or doing on which they had already forgotten their own analysis and did really decided to use those other peoples strategies. Sooner or later, they would really be able to feel out that kind of regret on what they have done
because if they were really just that sensible then they wont really be coming up into this kind of option.
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I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.
Dude you have mentioned 88 :o maybe mistyped or something I think it is may be 8 years? :D
Anyway If you do your trade by your own analysis then you are in the right track of trading. And it's good to know that here people are doing own instead of depending others.
And when people do their own analysis and trade the experience they will have those can't be buy any amount of money.
That is why I always suggest people do trade by self if you beginner or want to follow someone then don't just blindly follow them making verify by your analysis then jump into trade.
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We can make use of a loss control strategy base on how we have understand the particular strategy in use and the pattern along altogether, we may make use of any of the strategies we have developed or from the common ones other people make use of, but the funny aspect of it all is that there is no control in hundred percent over the lost we may have in any of the trades we make except we are just lucky about making it happen the way we expected from it.
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It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.
Not only in trading but in every field we have to learn by ourselves without depending on others because if we ask for every little thing to others then it will become hard for us to decide according to our conditions. We can do each and everything and if we are interested in learning then we will learn to trade and eventually after every good and bad moment we will become traders with good fortune.
If we are dependent on others then we will not be a kind of trader who is capable of doing trade with their own efforts and knowledge so in such a way trading will become hard for us therefore I think we should learn by using our mind because trading is hard only for those who don't learn well.
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I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading.
Copy trading is a bad way, it means we have no our own style in trading. The best way is to have our own style and with our own strategy in trading. But to have this, we must take serious lessons. That's why we must focus on learning first when we are a newbie in trading. We need to improve knowledge, skills, experience, and mentality. If we have enough these basic things, we can easily do any analysis.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.
Yes, we must always start with small funds. The chance to get losses is higher when we are a newbie because we still get difficulty to trade in a proper way. Moreover, we must focus on learning, we don't too focus on the profits. We can use bigger funds when we are very sure to have good knowledge.
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Copy trading is a bad way, it means we have no our own style in trading. The best way is to have our own style and with our own strategy in trading. But to have this, we must take serious lessons. That's why we must focus on learning first when we are a newbie in trading. We need to improve knowledge, skills, experience, and mentality. If we have enough these basic things, we can easily do any analysis.
Yeap, I do agree with your opinion. Recently we have also seen this copy trading features on some exchangers but Even then there some peoples can take profit but I saw my friend loosing on it. In this case I want to say that even if you follow a experienced trading but there is no guarantee of it he will make profit in the next trade of his so even you follow a experienced trader you can face loss.
And doing copy trading have nothing valued to your experience so that I find it worthless and not gonna prefer to some one else
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, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
I'd rather close my trade because I'd rather go straight to the real world. I don't want to be sad about the losses of trading in cryptocurrencies.
I mean, I don't want to be stressed due to losses in trading because basically I trade with the Spot type, so the possibility is that 1 day, 1 week, 1 month and 1 year (for example buying Bitcoin) in the future the price of the coin I bought will rise return.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
- I remembered when I was just starting out in futures trading, the features of it were actually a bit difficult to understand at the beginning.
Always at the beginning, you will feel and observe the movement in the future compared to the usual spot trading.
then I only put a small fund first so I could see for myself how far my understanding of trading is, and it's not that easy, but later on, while I always lose, I see where I'm wrong, and it's enhanced, so I somehow do it myself.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
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Yeap, I do agree with your opinion. Recently we have also seen this copy trading features on some exchangers but Even then there some peoples can take profit but I saw my friend loosing on it. In this case I want to say that even if you follow a experienced trading but there is no guarantee of it he will make profit in the next trade of his so even you follow a experienced trader you can face loss.
And doing copy trading have nothing valued to your experience so that I find it worthless and not gonna prefer to some one else
Yes, copy trading doesn't guarantee for the success. Even if you use the feature, you still can't get losses. Moreover if you don't really understand how to use the copy trading properly. I think it is much better to use our own strategy that we know well. We don't need to try following other people strategy that also has no guarantee for the success. Use our own strategy that we believe to work well for the current market condition. :)
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Yes, copy trading doesn't guarantee for the success. Even if you use the feature, you still can't get losses. Moreover if you don't really understand how to use the copy trading properly. I think it is much better to use our own strategy that we know well. We don't need to try following other people strategy that also has no guarantee for the success. Use our own strategy that we believe to work well for the current market condition. :)
Copy trading features is for the newbies who don't know how to do the trading but what I think is even it is for the newbies if the newbies don't know any thing about the trading they will select the wrong person for making copy trade but even that he chose the top ranking one he can still face loss.
So I think if they don't know how to trade then they should might get acquire knowledge about the trade then do the trade or he can start long-term holding with the DCA method on bitcoin without going for the trading.
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Copy trading features is for the newbies who don't know how to do the trading but what I think is even it is for the newbies if the newbies don't know any thing about the trading they will select the wrong person for making copy trade but even that he chose the top ranking one he can still face loss.
So I think if they don't know how to trade then they should might get acquire knowledge about the trade then do the trade or he can start long-term holding with the DCA method on bitcoin without going for the trading.
If the newbies don't know how to trade, it is better to focus on learning first. Do trading with copy-trading seems not a wise idea, it is still too risky for them. If they want to hold for a long term, it also requires knowledge. We need to know how to choose the coins that can be good for holding a long term. Or if we don't want to do a research or analysis, kindly choose Bitcoin. Newbies can focus on investing or trading Bitcoin if they still have lack of knowledge. Bitcoin is the most secure and recommended coin, but we still need to have good knowledge. We need to know how to determine the time for entry and exit. ;)
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Hmm, Quite an impressive topic and I've scanned some of the posts previously and as well in my view one who is a learner here should read all the replies it will be a great learning strategy in a short time, because there are many decent replies from quite experienced members, for me I would say avoid the futures market this should the first strategy to follow for the rest you'll know by yourself.
I would love to quote all time famous line here "Be greedy when everyone is fearful and bee fearful when everyone is greedy this is the key to success in my view".
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It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.
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Yes, copy trading doesn't guarantee for the success. Even if you use the feature, you still can't get losses. Moreover if you don't really understand how to use the copy trading properly. I think it is much better to use our own strategy that we know well. We don't need to try following other people strategy that also has no guarantee for the success. Use our own strategy that we believe to work well for the current market condition. :)
Copy trading is not as easy as it sounds. It's not a bad strategy if you know the person you wish to copy is legit and is willing to share their moves. But sometimes all it takes is one wrong move or bad timing, e.g. when you're not there to buy/sell an asset at the same time as the original trader, or when you don't have available resources to perform similar trade as they did.
I believe some platforms, like eToro offer an option to automatically copy your chosen traders, but that exposes people to being abused by highly followed traders. Also, most retail investors would lose money trading on that platform, so I don't think copy trading is any sort of universal, golden solution. The best option for many would still be investing and holding long-term prospective assets.
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If the newbies don't know how to trade, it is better to focus on learning first. Do trading with copy-trading seems not a wise idea, it is still too risky for them. If they want to hold for a long term, it also requires knowledge. We need to know how to choose the coins that can be good for holding a long term. Or if we don't want to do a research or analysis, kindly choose Bitcoin. Newbies can focus on investing or trading Bitcoin if they still have lack of knowledge. Bitcoin is the most secure and recommended coin, but we still need to have good knowledge. We need to know how to determine the time for entry and exit. ;)
In deed, but here the scenario kinda different most of the people we do trading I can say the big percentage of peoples are doing trading without proper knowledge and they and we face lose in trading and then we say trading is such a worst thing they are not just blaming the trading they blame also cryptocurrency as a scam I won't say here no scammer , and those peoples don't understand that which project are scam and which which project or the coins are secure. They look for only high profit and gain the loss in reality. Yeap here I always suggest to newbies to invest on the bitcoin for long-term if they want to invest in crypto.
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Copy trading is not as easy as it sounds. It's not a bad strategy if you know the person you wish to copy is legit and is willing to share their moves. But sometimes all it takes is one wrong move or bad timing, e.g. when you're not there to buy/sell an asset at the same time as the original trader, or when you don't have available resources to perform similar trade as they did.
I don't think that anything is hard in copy trading but I surely agree that copying someone else could be cause of losses if that someone isn't a good trader but pretends himself/herself as a good trader. It's also true that each user have different resources and most those lead traders have more resources as compared to the ones who copy them. Copy trading is like blindly trusting a trader if he/she makes good trades then most traders who copied him will make profits but if any of his trades go wrong then all the traders who copy him will lose money.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
It has been said often that do not chase loses, as when doing it you are not in sane mind to make right decisions, and this leads to creating more losses. So, stop chasing losses, consider it a learning lesson, leave trading for a while until sanity returns and start again with a fresh mind, that'll help you make better decisions.
It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?
I have been there, I have lost money in margin trading, and I figured it's not for me, if you feel same, you can leave futures altogether and stick with spot.
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Copy trading is not as easy as it sounds. It's not a bad strategy if you know the person you wish to copy is legit and is willing to share their moves. But sometimes all it takes is one wrong move or bad timing, e.g. when you're not there to buy/sell an asset at the same time as the original trader, or when you don't have available resources to perform similar trade as they did.
I believe some platforms, like eToro offer an option to automatically copy your chosen traders, but that exposes people to being abused by highly followed traders. Also, most retail investors would lose money trading on that platform, so I don't think copy trading is any sort of universal, golden solution. The best option for many would still be investing and holding long-term prospective assets.
All type of trading isn't easy because trading basically isn't easy to do. That's why we must have our own strategy because it will be easier to understand by us. I think following other ways, will be riskier as well. It is because other trading ways may be not suitable for us. I've explained above that it is not recommended to use copy trading. It is better to have our own way in trading.
Yeap here I always suggest to newbies to invest on the bitcoin for long-term if they want to invest in crypto.
It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.
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I have been there, I have lost money in margin trading, and I figured it's not for me, if you feel same, you can leave futures altogether and stick with spot.
Indeed, Spot trading is a type of trading that can be said to be the best, especially for beginners, if the coins we trade are really potential coins, so even if they are hit by bad news or a market crash, the coins are still able to rise again. This will be different if the coins or tokens are shit, even though Spot, then it will end up in dead coin holding. But at least, with Spot, you will not get a very high risk due to inappropriate market conditions or being affected by liquidity so that your money is completely gone.
It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.
Of course, because we can say that Bitcoin is a safe haven, as long as we know when to buy it, not because of FOMO, and we understand when to take profits, and don't panic sell when the market crashes.
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It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.
Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.
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It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.
Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.
Learning trading is not easy, I have tried it for a long time and still can't control fear and greed. Because managing emotions is not easy, maybe my experience is not much. I only study fundamental and technical analysis because managing emotions must be learned during practice and we are faced with both conditions.
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It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.
Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.
Learning trading is not easy, I have tried it for a long time and still can't control fear and greed. Because managing emotions is not easy, maybe my experience is not much. I only study fundamental and technical analysis because managing emotions must be learned during practice and we are faced with both conditions.
Its never been easy and it would never be. Never make yourself to be a in a rush on dealing up with things because it might possibly be ending up for you to make bad decisions
just because you are really just that basing up into your own observations and own understanding on how trading works and how it do needs up on particular things.
Self control and discipline is something that someones need for you to be able to make yourself that completely be able to handle up the situation just incase
the market would really be that going down then you do already know on what you are doing.
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It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.
Yeap and that is the main reason for newbies Bitcoin is the loss control strategies and obviously it is for the long-term bitcoin could also be cause if a newbie start short-term trading on it. And for the long-term trading bitcoin is the only one option I think that will must be guaranteed it will recover it self and make profit. Fund in case the investment fund should be also that much amount which will not effect in your financial situation and you don't have to touch it when you face the emergency situation.
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Yeap and that is the main reason for newbies Bitcoin is the loss control strategies and obviously it is for the long-term bitcoin could also be cause if a newbie start short-term trading on it. And for the long-term trading bitcoin is the only one option I think that will must be guaranteed it will recover it self and make profit. Fund in case the investment fund should be also that much amount which will not effect in your financial situation and you don't have to touch it when you face the emergency situation.
Trading isn't for people who have lack of knowledge. The newbies must have no proper knowledge, they even don't know what the strategy to use in trading. So, we shouldn't be so surprised if they have loss control of the strategy. That's why they are better to choose a long term holding because it will be quite secure for them. Even if there is no guarantee for profits, the chance for the profits will be quite high as long as we hold the trusted coins such as Bitcoin and Ethereum. But surely we must use safe money.
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Trading isn't for people who have lack of knowledge. The newbies must have no proper knowledge, they even don't know what the strategy to use in trading. So, we shouldn't be so surprised if they have loss control of the strategy. That's why they are better to choose a long term holding because it will be quite secure for them. Even if there is no guarantee for profits, the chance for the profits will be quite high as long as we hold the trusted coins such as Bitcoin and Ethereum. But surely we must use safe money.
Exactly that is what I mean.
For newbie when they willing to start trading they should sit with the books of trading analysis I mean learn the candles position how they are moving and check the previous history, and learn how to use the technical analysis indicators there are lots of method in trading analysis so if I want to say I can't stop by saying and saying. To learn and to be a professional trader it tooks a years. So it is not wise to think that trading is easy just invest here a claim the profit.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.
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Apply 3 simple rule for control your loss :
1.Stop overtrading
2. Buy small quantity instead of heavy quantity.
3.Buy when market is Red.
It's simple but hard to apply.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.
Revenge trading is a bad thing because it makes us not think realistically and cannot make the right analysis. because emotional management is needed in trading. Shouldn't we really be able to know our emotions when trading, because bad emotions will result in bad things, namely losses.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.
Revenge trading is a bad thing because it makes us not think realistically and cannot make the right analysis. because emotional management is needed in trading. Shouldn't we really be able to know our emotions when trading, because bad emotions will result in bad things, namely losses.
If our emotions are not good, we should get out of trading and do some refreshing, especially doing revenge trading, it will be fatal if our analysis is not right. Trading must require a clear mind and good analysis, so experience and expertise are very much needed in trading.
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I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.
There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.
Revenge trading is a bad thing because it makes us not think realistically and cannot make the right analysis. because emotional management is needed in trading. Shouldn't we really be able to know our emotions when trading, because bad emotions will result in bad things, namely losses.
If our emotions are not good, we should get out of trading and do some refreshing, especially doing revenge trading, it will be fatal if our analysis is not right. Trading must require a clear mind and good analysis, so experience and expertise are very much needed in trading.
When emotions are frail, it is better to avoid trading not to bias its decision with personal feelings. It is expensive carrying great risk hence it is very important to avoid revenge trading because it is normally done out of pride. Most competent traders believe that the marketplace is a place to trade and not a place to make or lose money; thus it is all about mind, as the more experienced and knowledgeable we are, the better we will trade.