Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: laubeaud on July 05, 2024, 07:11:28 PM
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
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Looses are the barriers coated around trades which can not be 100 percently be override nomatter how an expert trader you may be.
Conciously, trying to always make all profit count while trading is assumed to be greed which could lead to total lost of values.
Instead there is always possibilities to 100% percent looses so, you are only eligible to embattle with the market to cut your lost capitalization and secure a certain level of profit but yet at times, there could be lost counts with no profit accountable.
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learned from my mistake when taking loss and make reminder for the future keep away with some altcoin have made loss for my trading, many time I blacklist with some coins made loss much and delist from my favorite altcoin for trading behind difficult break out to higher price. I think all trader can't avoid from loss with trading but most of them take braveness to cut loss and start recovery the capital by investing with other coins have lower price.
I think need to learn from mistake in trading how braveness use stop loss feature and don't scare with your portfolio loss because has second chance get recovery by investing in other coins with more lower price.
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I have a small amount of money so i stop thinking about trading again after losing from trading. Then keep myself busy for a while and try again later when i have more money. But i never use big amount for trading. On the other hand i always consider trading as the best way to risk. Like you i have researched trading for a few years now but am still a kid on the subject. If this is really a loss factor for you then i would say you should work on short time holding. Which is ready to give you the best profit of this period.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
People are sad about their losses, and yes, they should be, but there are small differences among professional and newbie traders. The new trader, when facing losses, they get into depression and quit the trading life before starting hahha. On the other side, some professionals learn from their mistakes, as these mistakes are the ones that make you perfect by telling you where and why you are facing losses.
So don't be afraid of loss. If you are losing every trade, then look at yourself and then at the trade to find the place where you are failing and correct it. This will be your only friend, which will help you. Accept the loss and don't panic; make yourself stronger so that you can minimize your losses.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
If any trader claims to have a 100% win rate, you should fear them and be cautious around them because they are liars. Every trader makes losses, the goal for every trader is to reduce the losses and make sure it does not happen more than they win.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
This is the best approach for every trade lost, do not just cry over it, but try to learn from it and understand what you did wrong, or what went wrong in order to reduce the chances of it happening again.
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What do you do when you take a loss?
If you are losing for some days. You can learn how not to lose more than win.
If you have been losing more than win for months, you can continue to learn more about the strategies to win than lose.
If you have been losing for more than 2 years. That means it is high time to quit trading.
One thing that is most important about trading is to not use more than the amount of money that you can afford to lose for trading.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Obviously, both profit and loss are the day and night of the trading cycle. Both carry equal weight, and loss in trades helps you to improve the efficiency of the decision-making, more in-depth critical analysis, and risk management. At the same time, profits help you to boost your confidence level and consistency.
In the loss scenarios, firstly I used to stop making more desperate trades, than same as you said I studied the market again in order to find the flaws and devise some more strategies.
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When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
You've done the right way when you experience losses. :)
I also evaluate my trading strategy and market trends when I got losses. If it is needed to change the strategies, I will change it. But firstly, I will ensure what the previous trends in crypto market and what the possible trends in crypto market for the next few weeks or months. It is very important to take a lesson from the losses because we can understand how to deal with the problem if we experience the same matter in the future.
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This is definitely way to go, if you end up doing this for every trade that you make then you are going to end up with much better results eventually. The only thing that we need to remember is that we are going to end up with a lot of losses when we start at first so we should be careful about it. When you first start out and get all of those losses then you should realize that its going to become boring to be this disciplined for every single time, you may start to ignroe some of the losses and thats a mistake and don't do that. Even though you may not like what happens, you just need to make sure that you are doing what you can, and you end up making as much profit as you possibly could. I know that its going to be quite good but thats not really that important anymore.
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I think learning from our loss is easier said than done. How did you do it OP? Do you keep a track record of your strategy, and the timing around the results, and avoid the same thing in the future? I tried to do the same but I don't have the patience for a detailed log like that so I just generalize my experience to something like "don't trade when there is fud going around", "don't try to catch a falling knife and wait until the price goes sideway before looking for an entry", etc.
Self-discipline is also required for this, and it's hard unless you build your habits around that. Especially when you feel that you've learned your lesson but repeat the same mistake or the choice you make after that still gives you a loss.
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What do you do when you take a loss?
Losses are inevitable with trading, and I guess most of the traders know it already. What they can do is to mitigate those losses, and don't come to a point where their losses are more than their winnings.
Expert traders are doing like what you are doing. Sitting at one corner, learning and making some adjustments based on their losses. What am I doing when I take a loss in trading? I just simply stop trading. :D I mean I learn from it as well, but by the time I learned from it, my trading capital got liquidated already. I'm no expert in trading and will never be that's why I stopped it because I know it isn't for me.
It's good for you OP that you're learning from your losses and implementing it in your future trades to make even more profit.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
I am not a professional trader who trades daily but I do trade and I have also suffered losses. At first, it was pretty depressing and I would always conclude that trading is not my forte or I have the skills. But, I understood that trading skills can be developed and I did the same by reading a few books which I did. Still, losses were part of trade and I realized that some days are good and some days are bad. I still incur loss but I do not feel depressed but I am doing what you are doing and that is learning and gaining experience as a small-time trader.
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Loss is part of trading and learning from it does not mean learning how to avoid it, but rather learning how to turn loss into something from which you can make profits and diversify your investments so that you will not be affected if you lose a pair or lose a bet in one of your trading pairs.
Loss is part of risk management and based on it, you will determine the level of risk. High risk means a higher probability of loss and vice versa.
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Loss is part of trading and learning from it does not mean learning how to avoid it, but rather learning how to turn loss into something from which you can make profits and diversify your investments so that you will not be affected if you lose a pair or lose a bet in one of your trading pairs.
Loss is part of risk management and based on it, you will determine the level of risk. High risk means a higher probability of loss and vice versa.
The avoidance of lost can not totally achieved though we could learn from part experiences of it but it is most pointed at optimizing your trading scales to discover new badges which you can venture on to recover looses from the other way round just mentioned "diversification" and also timing to pull the trigger analytically without FOMO.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Yes, it might be part of the learning process, but still if you have been here for at least a year or two, you might have learn something and so you don't repeat that kind of mistakes again because if you do, then it's time to think of another job.
Yeah, you can write it down and see where your mistakes it, and it's a good practice as down the line your memory might fail and so you might doubt your next decision.
And we really need to learn from our mistakes, and that's why it is very important to write it down so that you can review and identify those critical errors you did.
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Loss is part of trading and learning from it does not mean learning how to avoid it, but rather learning how to turn loss into something from which you can make profits and diversify your investments so that you will not be affected if you lose a pair or lose a bet in one of your trading pairs.
Loss is part of risk management and based on it, you will determine the level of risk. High risk means a higher probability of loss and vice versa.
The avoidance of lost can not totally achieved though we could learn from part experiences of it but it is most pointed at optimizing your trading scales to discover new badges which you can venture on to recover looses from the other way round just mentioned "diversification" and also timing to pull the trigger analytically without FOMO.
If you intend to avoid loss, then you are not a trader. The most important thing in trading, besides learning, skill, technical analysis, and psychological control, is risk management. Without risk, there will be no profits, and risk is linked to loss, so loss is part of the profit for a good trader and is the end point for a bad trader.
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Losses are normal in trading and everyone will lose in trading but remember that if your wins are more than your loss then you are a perfect trader because you are getting profit from trading which everyone cannot get.
Another thing is that you are trying to find out the reason for your loss then a time will come when your loss will be minimum and that time you will be an expert trader but learning all about trading is not easy and long time is required to attain a successful position in trading.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
I believe that no one can achieve a 100% win-rate, and in reality, the win-rate is not a crucial factor in determining a trader's success and profitability. A trader with a 30% win-rate but effective risk management, who earns substantial profits on winning trades and minimizes losses on losing trades, can still achieve consistent gains.
I am not an intraday trader; I only employ DCA during market accumulation phases and sell when market indicators signal a reversal and the onset of a crypto winter. Consequently, I typically take around 6-10 months after selling my crypto assets to review my trading decisions throughout an entire cycle. I have numerous trades with temporary losses, but I don't dwell on them, I am confident that they will yield profits during the bull run. My focus lies in analyzing projects and price charts to make investment decisions with my remaining capital to maximize returns.
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Yeah, there are no profitable traders that say to themselves they have 100% win rate. Even with 50% win rate can make you profitable if your risk to reward ratio is 1:2 or 1:3. Now, if we don't know how to handle losses surely your win rate will not reach 50%. Most traders will only trade once or twice per day, if they lose they will come back tomorrow. There is no good benefits in revenge trading, it will only damage more our emotions so we should avoid it.
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Yeah, there are no profitable traders that say to themselves they have 100% win rate. Even with 50% win rate can make you profitable if your risk to reward ratio is 1:2 or 1:3. Now, if we don't know how to handle losses surely your win rate will not reach 50%. Most traders will only trade once or twice per day, if they lose they will come back tomorrow. There is no good benefits in revenge trading, it will only damage more our emotions so we should avoid it.
Someone claims that they are on 100% win rate then its just BS or simply its a scam. No one on this world would really be able to have such profitability on which we know
that dealing up with speculative market will really be needing up to deal with something speculative approach on which we know that no one on this world would be having that
100% precision when it comes to this aspect. This is why becoming successful with trading will really be that varying on how well someone would really be making
up their decisions in between entries and exits.
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Someone claims that they are on 100% win rate then its just BS or simply its a scam. No one on this world would really be able to have such profitability on which we know
that dealing up with speculative market will really be needing up to deal with something speculative approach on which we know that no one on this world would be having that
100% precision when it comes to this aspect. This is why becoming successful with trading will really be that varying on how well someone would really be making
up their decisions in between entries and exits.
Claiming a 100% win rate on trades is indeed worth suspecting.
Because the market is very volatile and can be influenced by various factors that are quite difficult to predict perfectly.
There is no guarantee of a trading strategy or system that provides continuous winnings.
Such claims are often used by individuals or a company that has no responsibility to attract potential investors or clients with unrealistic promises of profits, so it will only harm the investor.
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What do you do when you take a loss?
Not much to do, just sit down and let the people work.
There is no perfect trader, there is no trader who never loses and always wins 100%, it seems like that. Of course, the best trader is when a trader experiences far more profits taking on a high scale than losses. This is of course again related to the profits or earnings generated when holding a trading position. Because trading is not an easy thing to do, even for professional traders. They can indeed analyze, but their analysis is not always 100% accurate and correct, there are several things that make markets sometimes run not according to predictions. And I'm sure this has been experienced by professional traders.
But at least, when we are still on the journey to becoming a trader, we have to prepare optimally, so that we can earn the gains as optimally as we can. Beforehand there will definitely be an evaluation of the trading strategy and also preparing absolutely everything including mentality, ability, analysis, and also knowledge preparation.
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If you intend to avoid loss, then you are not a trader. The most important thing in trading, besides learning, skill, technical analysis, and psychological control, is risk management. Without risk, there will be no profits, and risk is linked to loss, so loss is part of the profit for a good trader and is the end point for a bad trader.
Like night to the day, there is no avoiding losses just managing them to a profitable level can be the right thing to do. I am not a good trader myself but I really understand the fact than in trading we can gain profits or we can incur losses what is important is that we learned our lessons so that on the next run we can be winners. Successful and rich traders are making losses and profits their best friends...they know them well and they know what to do to avoid the blackeye. Trading is not an easy stuff and one must learn the necessary skills otherwise things can turn out to be tragic.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
I just shared the same advice to another member that we as traders should accept our mistakes instead of finding the mistakes in others and blaming others for the losses we made due to bad knowledge. When I make a loss I first regret on my choice and feel like why did I even took this thread and sometimes it's like how come I did not see it coming. Sometimes it's just impossible to predict the market's behavior you think it will be bullish and it go down, you think it is bearish it will go up.
We should know that loss is permanent and we are to make it, we just need to minimize it and maximize our profit. To minimize it we can adopt several risk mitigation techniques for example investing with funds we don't fear to lose it will give some relief to our minds and don't overtrade, set some profit target and when it's completed not be greedy to make more profit just leave the day and don't trade anymore.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
The first is that we must be sad because we have lost money, but that sadness should not make us frustrated.
Do introspection about what we have done so that we experience losses, maybe we are in a hurry or impatient. And make it your next experience and teacher in crypto trading.
What is certain is that in crypto trading, we will not be able to avoid 100% of losses. So losses in crypto trading are normal.
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- If we lose in trading, it is a signal that we should improve the strategy we are using and the trading activity we are doing. In short, through our losses, we are also learning so that we can further improve our skills in trading. in this field.
The more mistakes we make, the more we learn as well, but don't make mistakes over and over again because that's another matter. If there are different mistakes, it's okay because we can really learn from them.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
~snip~
There was some research a few years ago and the conclusion is that 95% of those who try crypto trading end up losing everything or giving up because they don't make enough profit compared to the time they spend trading. I won't say that there aren't some people who are extremely talented and who manage to "read" the market better than most others, but there are really few of them.
Being 100% successful in trading would mean that someone has insight into the future, and until they invent a practical time travel machine, we can dismiss that possibility ;)
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
In loss, you definitely lose your money, but you can gain valuable experiences that help you in other trades. So, we don't need to feel hurt and sad. Yeah, I also take some steps after losing my trade. The first step I take is to stop trading for that day because my mind is distracted from that trade, and I can't focus. That's why I stop trading for that day. The second step is to reconsider that trade again, point out where I made a mistake, and note it down on paper. The next day, that piece of paper helps remind me of my mistakes, and I can trade more carefully.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
I share the same idea that losses are permanent and each one of us as traders has to face it and it is one of the reasons that most of traders become sadists and cold-hearted. Because facing losses again and again and big losses made them bear the small losses. So yeah loss is really a part of life, and besides reviewing the trades and learning from it.
We should understand the cause of the dump and realize how we did not know about it. Most of the losses traders make from trading is due to their own knowledge. I mean if they knew more they would be making more profit but with lesser knowledge comes more loss. Trading is based on Knowledge and some luck.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Well you are ultimately right, for as much as I know, losses have always and will always be part of trading, same way it is with gambling.
In any thing or activity where profiting totally depends on our ability to predict the future, or predict the outcome of something in the future, it is very normal that sometimes, or most times actually, we will predict wrongly, that is, our prediction won't be correct or accurate, which about a loss if it's trading we are into.
And also worth mentioning is that fact that it's not every loss that is a lesson to learn from, some or most loses(depending on your level as a trader) just happen naturally and there is nothing to learn from such, you just take it and move on to the next.. It's as simply as this.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Loses incurred in trading are part of the process in it. And this will only make you more prepared the next time you’re taking a trade. No trader has a 100% win rate, the all fail at some point and those are the challenges they face that makes them better in trading. If you can manage your risk very well, you don’t need to be wining in all trades. Even with a score of 2/5 in five trades you’ve taken will cover up for the remaining three loses you’ve come across in trading. Trading is a game of understanding and once you’ve understood it, you’ll never remain the same financially again using that proper risk management.
And also worth mentioning is that fact that it's not every loss that is a lesson to learn from, some or most loses(depending on your level as a trader) just happen naturally and there is nothing to learn from such, you just take it and move on to the next.. It's as simply as this.
Okay, this happens naturally and most times you just have to allow the market to trail like that. This are the one of the few times you’ll have it face some loses in trading. That is why no one is 100% perfect in trading. When a loss like this is incurred, I just take it as though it is that part that the market won’t obey my trading strategy but will some other time obey it, which will come more often than the times it won’t obey it.
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- If we lose in trading, it is a signal that we should improve the strategy we are using and the trading activity we are doing. In short, through our losses, we are also learning so that we can further improve our skills in trading. in this field.
The more mistakes we make, the more we learn as well, but don't make mistakes over and over again because that's another matter. If there are different mistakes, it's okay because we can really learn from them.
A large number of losses suggest that something is wrong with your knowledge and you are carrying out your trading in the wrong way therefore it becomes compulsory to conduct research and learn all those things which you have missed in the previous learning process.
The process of learning never ends because you will face new technologies and new things in the crypto market about which you will have never heard so don't think that you are an expert as thoughts like this don't allow individuals to learn well.
Everyone learns from their mistakes but making the same mistakes is not a good move also remember that if you are making the same fault all the time then you cannot move forward to get profit so keep checking on each and everything without ignoring important things related to the trading.
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- If we lose in trading, it is a signal that we should improve the strategy we are using and the trading activity we are doing. In short, through our losses, we are also learning so that we can further improve our skills in trading. in this field.
The more mistakes we make, the more we learn as well, but don't make mistakes over and over again because that's another matter. If there are different mistakes, it's okay because we can really learn from them.
A large number of losses suggest that something is wrong with your knowledge and you are carrying out your trading in the wrong way therefore it becomes compulsory to conduct research and learn all those things which you have missed in the previous learning process.
The process of learning never ends because you will face new technologies and new things in the crypto market about which you will have never heard so don't think that you are an expert as thoughts like this don't allow individuals to learn well.
Everyone learns from their mistakes but making the same mistakes is not a good move also remember that if you are making the same fault all the time then you cannot move forward to get profit so keep checking on each and everything without ignoring important things related to the trading.
Everyone will definitely make mistakes, that's where it's important why we should be able to learn from mistakes to make us better in the future.
As you said, in the learning process there is no end because there will be new knowledge that we must learn, so don't be satisfied with what we have. Here is also why we should be able to trade based on our own analysis, because we can analyze what mistakes we made. If we trade following other people or copy trading then we will not know where our mistakes are.
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Everyone will definitely make mistakes, that's where it's important why we should be able to learn from mistakes to make us better in the future.
As you said, in the learning process there is no end because there will be new knowledge that we must learn, so don't be satisfied with what we have. Here is also why we should be able to trade based on our own analysis, because we can analyze what mistakes we made. If we trade following other people or copy trading then we will not know where our mistakes are.
Humans will definitely make mistakes and without making mistakes it is not possible that a person will go directly towards a higher position. Even those who are now teaching trading and investment to others will have definitely made mistakes in the past so if someone made a mistake then there is no need to think about it for the whole of life to make himself stressed.
Following others becomes risky most of the time so it will be better if you work with your own experience and knowledge and don't depend on others as well as don't do what others do. If you lose then don't proceed with your investment without knowing about your mistakes and the cause due to which you lose because it will be helpful for you to make your future investment secure and profitable.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Actually most of the time I do long-term investment on cryptocurrency world, But when I do trading and face loss first I do check where is the mistake of mine. I also believe that facing loss on trading is a common thing and I want to also say that none one will find a man who have 100% win rate while doing trading. And if anyone say that he have 0% loss rate then I can say he is definitely lying to peoples. I always keep in mind that "Doing mistake is not a big deal, the big deal is if you don't learn anything from your mistakes."
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Everyone will definitely make mistakes, that's where it's important why we should be able to learn from mistakes to make us better in the future.
As you said, in the learning process there is no end because there will be new knowledge that we must learn, so don't be satisfied with what we have. Here is also why we should be able to trade based on our own analysis, because we can analyze what mistakes we made. If we trade following other people or copy trading then we will not know where our mistakes are.
Humans will definitely make mistakes and without making mistakes it is not possible that a person will go directly towards a higher position. Even those who are now teaching trading and investment to others will have definitely made mistakes in the past so if someone made a mistake then there is no need to think about it for the whole of life to make himself stressed.
Following others becomes risky most of the time so it will be better if you work with your own experience and knowledge and don't depend on others as well as don't do what others do. If you lose then don't proceed with your investment without knowing about your mistakes and the cause due to which you lose because it will be helpful for you to make your future investment secure and profitable.
Well, the mistakes we make will make us learn to be better, this is something that is very natural because we will not always be right and will not always be wrong.
It will also be able to improve our mentality to be better. Because every incident that we feel will shape our mentality to be more prepared than before. Do not regret the mistakes we make, with the note that we do not make the same mistake.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
This is a great move at least this will calm your nalves down and to be able to develop more skills, trading is like gambling, and for you to be in good shape while doing them, you need to apply such a witdrwal tactic and to learn from each mistake and loses, this helps to prevent future similar or same mistake, like what happen to me the last time, when I open a position, I made alot of gains with the first few minutes and, and when i allowed my greed to take the better part of me, I did not close that position when I was in gain, until few seconds later when the trade start going against my direction and lead to alot of loses.
And when I could not hold on any longer to avoid liquidation, I have to close to position and take my loses, after closing the position, the coin start going up again and I regretted my actions in both ways.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
The more mistakes you make, the more you learn. But if you don't make mistakes, you will never learn anything new. This applies to all fields. If you are a responsible trader then if you make a loss in trading then you can review that loss and adopt a new strategy so that the same kind of mistake does not happen later. Trading is a very difficult thing and no expert trader can ever guarantee that he will never lose. However, the more expert he is, the more loss protection he has to do. So I think a trader must make mistakes and learn from those mistakes to upgrade himself with time.
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It will also be able to improve our mentality to be better. Because every incident that we feel will shape our mentality to be more prepared than before. Do not regret the mistakes we make, with the note that we do not make the same mistake.
But sometimes the same mistakes are always made because they have never learned from their mistakes before, they don't have good enough knowledge so they will always fall into the same hole.
And a person's trading mentality will also be determined by their experience and how they manage their trades.
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I completely agree that losses are important part of trading. Even most successful traders also experience losses and it is how they respond about it that matters more. Taking time to review and learn from each loss is important for growth and for improvement. By doing this traders can identify mistakes refine their strategies and develop resilience. It is good to approach losses as opportunities for growth other than as failures. When I take loss I also take step back to analyze what went wrong and how I can improve next time. This mindset always help me to minimize emotions and maximize my learning.
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But sometimes the same mistakes are always made because they have never learned from their mistakes before, they don't have good enough knowledge so they will always fall into the same hole.
a mistake done too many times is no longer a mistake
because this means someone is either not reflecting enough or just not reflecting at all you will never grow if you do not move past your mistakes and make up for it
what is done is done so it would be best if you look at how can you instead improve so that you do not make the same mistake twice because one mistake is not life ending but do it twice or thrice and your life will be in shambles
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What do you do when you take a loss?
Take a break and evaluate what mistakes I made before... first, of course I will calm my mind... then after my mind is calm by resting for some time, I will evaluate my defeat... after evaluating and finding mistakes, then for the next trade, I must be able to improve my decision-making method to get better results.
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But sometimes the same mistakes are always made because they have never learned from their mistakes before, they don't have good enough knowledge so they will always fall into the same hole.
a mistake done too many times is no longer a mistake
because this means someone is either not reflecting enough or just not reflecting at all you will never grow if you do not move past your mistakes and make up for it
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If you always make mistakes, it means that there is no ability to be able to develop, because people have their own skills.
There are people who can learn to trade easily, but there are many more who can never trade properly, despite the many losses that occur.
Then he really needs a mentor who must teach him how to trade well and how to mentally regulate trading.
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It will also be able to improve our mentality to be better. Because every incident that we feel will shape our mentality to be more prepared than before. Do not regret the mistakes we make, with the note that we do not make the same mistake.
But sometimes the same mistakes are always made because they have never learned from their mistakes before, they don't have good enough knowledge so they will always fall into the same hole.
And a person's trading mentality will also be determined by their experience and how they manage their trades.
Well that's what's really bad, they make the same mistake because they never learn from the mistakes they've made in the past. I would say it's a stupid thing to do, roughly.
I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.
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I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.
Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.
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I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.
Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.
Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.
Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.
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I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.
Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.
Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.
Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.
Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.
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stay away from the chart and do other stuff until your emotion get back to normal.
Get out and breathe in the fresh air to forget about trading and not looking at any charts, it's quite calming.
If it is possible to avoid access to the chart, then delete the Trading app used, it will be the last piece of advice so as not to be too affected, it will only see when there is news that the crypto has been bullish again.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
That the basic rule of a wise trader.
Trading have this reality and not only in this sector you will find all over the world every sector have its kind of reality. And those those who can handle this and learn from these mistakes of loss those became successful on the future.
ANd here in cryptocurrency trading same when a trade lose on his trade that's make profit on the others side trader. And if this was not the case in trading, then trading would not exist.
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Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.
Emotions are really hazardous if someone has no control over it and many people lose their amount due to the fact that they cannot control their emotions and their every decision is false as they don't think in the light of their knowledge but they think with the help of their uncontrolled emotions.
If you cannot decide well, have no ability to control your anger, happiness, greed and many more emotions then it will be better to first learn to handle your emotions and then trade with better thoughts. Many people trade but they cannot predict their faults because they don't think that emotions can also be their big enemy which will not allow them to make money through trading.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
Truly when loss occurs, i don't take it as pain because i have expected for it before hand, all that is needed is for one to sit and analyze broader on why such happened and the possible means to avoid a future reoccurrence, it will be part of our experience because we are learning each day from whatever happens to us t the cause of the trades we made, knowing the reason for the lost will help prevent a future reoccurrence.
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Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.
Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.
Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.
It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.
Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.
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It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.
Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.
Rich people lose billions in seconds or just overnight still they just stay focused on their future plans because we can't change what happened and they know even they lose millions still they have billions under their assets that gives them the comfort of not getting controlled by the situation.
We can apply the same strategy, we just need to allocate the capital which we are completely willing to lose on trade and better value could be anything less than 30% of your crypto portfolio would be ideal.
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Loss is part of trading and learning from it does not mean learning how to avoid it, but rather learning how to turn loss into something from which you can make profits and diversify your investments so that you will not be affected if you lose a pair or lose a bet in one of your trading pairs.
Loss is part of risk management and based on it, you will determine the level of risk. High risk means a higher probability of loss and vice versa.
The avoidance of lost can not totally achieved though we could learn from part experiences of it but it is most pointed at optimizing your trading scales to discover new badges which you can venture on to recover looses from the other way round just mentioned "diversification" and also timing to pull the trigger analytically without FOMO.
I agree that diversification is a way to avoid losses where we have several potential coins that can increase our chances of making a profit. Don't always believe in FOMO, stay focused on your research and analysis. Several times when I first invested in crypto I was caught in FOMO and I will not repeat that.
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I agree that diversification is a way to avoid losses where we have several potential coins that can increase our chances of making a profit. Don't always believe in FOMO, stay focused on your research and analysis. Several times when I first invested in crypto I was caught in FOMO and I will not repeat that.
yes because this diversification is one part of the way or method of investing in crypto, to optimize the chance to take gains and minimize losses in one coin or token only. With diversification, we can choose several coins that match our targets and analysis.
However, Bitcoin remains the investment with the highest accumulation rate compared to other coins or tokens. Usually, for me, the percentage is at least 40% of the total at least. And others, most are top coins. Then, only about 5-10% for new coins, that's all because the risk is very high.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
- Losses in trading are really a part of being a trader, and even in the field of business, they are no longer lost; they are actually expected. Then you really need to have the character of a responsible trader.
Also, through defeat, it helps and teaches us to shape our thinking on how to use our thinking and strategy on how and what we should do so that we can get the right profit from it. and we can't spend any time and effort on it.
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It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.
Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.
Rich people lose billions in seconds or just overnight still they just stay focused on their future plans because we can't change what happened and they know even they lose millions still they have billions under their assets that gives them the comfort of not getting controlled by the situation.
We can apply the same strategy, we just need to allocate the capital which we are completely willing to lose on trade and better value could be anything less than 30% of your crypto portfolio would be ideal.
The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.
The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.
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The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.
The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.
That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.
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The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.
The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.
That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.
It cannot be denied that trading really helps us a lot here in the crypto industry. But it has some things to consider. Because if we don't appreciate it, it can surely consume our capital or end up in nothing.
Because it's not like gambling where you can make money instantly. It is not like that, it requires study, discipline, dedication, self-discipline and passion, I have read this many times from other members here on this platform, in which it is also correct.
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The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.
The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.
That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.
Being rich gives them the advantages to take risks as you said but it doesn't take too long for someone to become rich if they do everything right even while losing, they should take it as a lesson and not repeat the same mistake again but this is where most people quit and get back to their miserable life and look for another opportunity to knock their doors.
While in reality never give up is the best thing we can follow but when we know we only have limited resources then it should be calculated risk and small step at one time.
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The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.
The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.
That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.
But it is also comparable to the risk obtained. We who only have small capital, then when we feel the loss is not as big as the loss experienced by rich people. The difference is that they will easily recover the losses they experienced because of that (they still have capital reserves).
We must try our best to stay safe, but that does not mean that those who are rich can enter the market as they please, they must also be careful.
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But it is also comparable to the risk obtained. We who only have small capital, then when we feel the loss is not as big as the loss experienced by rich people. The difference is that they will easily recover the losses they experienced because of that (they still have capital reserves).
We must try our best to stay safe, but that does not mean that those who are rich can enter the market as they please, they must also be careful.
Anyone certainly has to be careful, trading is very risky and needs to do good management so that trading can be profitable.
Those who have a lot of money can come in quite calmly with a few percent of the capital and also have a reserve of money to buy back when the market continues to fall.
About how to recover losses, it depends on how the strategy and management are carried out from the beginning.
If you have a reserve fund that has been prepared, recovering losses will be faster.
But yes, the larger the funds you have, the faster it will be but also the more losses it will have.
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After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?
not everyone always gets profit from their investment results, in trading there must be profit and loss.. I once experienced a loss in 2023 at that time I did not give up, instead I was enthusiastic again in trading and started to seriously study the world of crypto, until finally I got a high profit when bitcoin rose to a price of $ 70000.. when we experience a loss we must not be discouraged so as not to experience trauma in crypto
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But it is also comparable to the risk obtained. We who only have small capital, then when we feel the loss is not as big as the loss experienced by rich people. The difference is that they will easily recover the losses they experienced because of that (they still have capital reserves).
We must try our best to stay safe, but that does not mean that those who are rich can enter the market as they please, they must also be careful.
Anyone certainly has to be careful, trading is very risky and needs to do good management so that trading can be profitable.
Those who have a lot of money can come in quite calmly with a few percent of the capital and also have a reserve of money to buy back when the market continues to fall.
About how to recover losses, it depends on how the strategy and management are carried out from the beginning.
If you have a reserve fund that has been prepared, recovering losses will be faster.
But yes, the larger the funds you have, the faster it will be but also the more losses it will have.
Psychologically, someone who has a large capital will be calmer when experiencing losses, unlike people who only have limited capital, they will definitely tend to panic because they have to struggle to collect capital again to be able to trade again.
Risk management and others are very important factors, both those who have large capital, or those who have small capital. Because if they can't manage things like this, it also has a bad impact on them.
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Psychologically, someone who has a large capital will be calmer when experiencing losses, unlike people who only have limited capital, they will definitely tend to panic because they have to struggle to collect capital again to be able to trade again.
Risk management and others are very important factors, both those who have large capital, or those who have small capital. Because if they can't manage things like this, it also has a bad impact on them.
Risk management is something important for investors, and especially for those of us with small capital, it is very important.
People with large capital will be calmer when the market experiences a correction, while small capital will be a little panicked for those who have invested in crypto for a long time, while newbies will be more panicked.
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I am also agree with your opinion. Because we know that trading is one of the best risky section in the cryptocurrency market. We also saw that many very experts traders face to biggest loss doing trade in cryptocurrency market. So i believe that trading is the best risky place in the crypto market. So if we loss in trade, we should review that's trade. So that easily we can find out our mistake. So learn from this trading is very important to trade or cryptocurrency market.
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I am also agree with your opinion. Because we know that trading is one of the best risky section in the cryptocurrency market. We also saw that many very experts traders face to biggest loss doing trade in cryptocurrency market. So i believe that trading is the best risky place in the crypto market. So if we loss in trade, we should review that's trade. So that easily we can find out our mistake. So learn from this trading is very important to trade or cryptocurrency market.
Trading is indeed the most risky, but we must remember that something with big risks also has big profits. So as a trader I am also still learning and always looking for experience and learning from the mistakes I made while being a trader. Because by learning from mistakes and trying to fix them we will be able to achieve greater profits in the future.
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Learning from our mistakes is one of the best things we experience because it teaches us what we should do for the future and things we shouldn't do again.
Especially if we know that we have lost a large amount in our trading activity, we definitely don't want that to happen again.
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Learning from our mistakes is one of the best things we experience because it teaches us what we should do for the future and things we shouldn't do again.
Especially if we know that we have lost a large amount in our trading activity, we definitely don't want that to happen again.
Experience is the best teacher in our life because by learning from the mistakes we make in investing in crypto so that we lose a lot of money we will be more careful in taking steps. That's what happened in my life while in crypto. I will not repeat the same mistake.
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Learning from our mistakes is one of the best things we experience because it teaches us what we should do for the future and things we shouldn't do again.
Especially if we know that we have lost a large amount in our trading activity, we definitely don't want that to happen again.
Experience is the best teacher in our life because by learning from the mistakes we make in investing in crypto so that we lose a lot of money we will be more careful in taking steps. That's what happened in my life while in crypto. I will not repeat the same mistake.
Experience does pays in a way, the most crucial elements of life, that I can vouch for are the losses in the crypto market. We are usually alert and careful every next investment step because our past mistakes teach us lessons on how to avoid such in future. How? By now, we are not ready to make the same mistakes we made before- We move wiser and more confidently in this journey.