Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: bayu7adi on July 30, 2024, 01:46:48 AM
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
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I will say that you should not expect the worst. Just use the amount of money that you can afford to lose to trade. Trading is not going as plan for most traders. The less they should not see it as a way of making money. If the risk is small, the better it is.
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I agree with Charles-Tim, actually big losses do not need to be experienced if we prepare a risk management plan. Because what you will risk in trading is only a small amount of money that you can afford to lose.
But we can't deny that many people risk a lot of money in their trading. If a big loss occurs, the only way is to get out of trading for a long time.
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A prevention is much better plan than executing plan B after losing, this I guess traders are not really trading with huge capital. But if it happens to me though I will move to shorter term investment. Just watching coins several coins for short term trades.
Its not recommended to chase a pumping coin but when it hasn't yet reach its ATH, risking could be an option. I would do the same just keep accumulatiing sats.
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I agree with Charles-Tim, actually big losses do not need to be experienced if we prepare a risk management plan. Because what you will risk in trading is only a small amount of money that you can afford to lose.
But we can't deny that many people risk a lot of money in their trading. If a big loss occurs, the only way is to get out of trading for a long time.
I think capital management and stop-loss orders will help us avoid suffering huge losses in our trading careers. Not going all-in and always setting a stop-loss means traders will always have capital and opportunities in this market.
As a holder, I've also experienced significant losses, but my decisions vary depending on the market phase. In bullrun, temporary losses are always overlooked, and I focus solely on DCA, which means I hold-to-target. When the market enters a bull-sleep, I'm ready to sell my tokens at any price to get stablecoins so I can accumulate at the bottom during the crypto winter.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
obviously know when is the best possible exit to minimize your losses this is something that should have been planned a long time ago before you had even invested
after you should learn what you can do differently next time and next time make sure thwt you have enough money outside of your investment to keep you surviving
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I pretty much agree with you because when we invest not all investments will always be profitable. Once in a while you may face loss. So I would suggest if you want to become a real trader then invest some of your money. By doing this you will be able to train slowly and eventually benefit.
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I will say that you should not expect the worst. Just use the amount of money that you can afford to lose to trade. Trading is not going as plan for most traders. The less they should not see it as a way of making money. If the risk is small, the better it is.
It's like a choice, whether to leave cryptocurrency... or start from zero again, or do another more optimal plan... I understand that so far many people have recommended trading with free money and we will never regret it if it is lost... but if the money is really lost, for example the related project is indicated to be committing a crime or other major problems that cause it to collapse... our assets drop in price by 98%... that's a heavy blow too...
We know that in total crypto assets + real assets that we store elsewhere, it does not have a major damaging impact... but our psychology always asks, do we deposit again in cryptocurrency with other money... or end it all because the allocation money that we "can afford to lose" has run out.
The possibility is still there, even if we don't think about it, at least preventive measures are also needed, my brother.
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I rarely expect big losses because I usually trade with funds I can afford to lose. This is because trading isn't my primary source of income. However, I think the best plan is this as well. Having a substantial amount of extra cash set aside, in addition to the funds you're using for trading.
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I prepare myself for such most especially with the emotional attack. I've dealt with so much loss in the market and as well as in real life and that's why I have learned a lot from it. The newbies need to watch their own emotions because losses can cause you to panic more. So, while having some losses, you'll be more pond to do more panic selling because that's what you think is gonna be the best thing to do when you're experiencing it but it's a wrong reaction.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
All of us surely had experienced that big loss on the time or moment that we do engage in trading due to lack of experience and knowledge on which its really just that normal.
The issue on here is on how you would really be handling it on the moment it happens? Mostly people would become that impulsive on the moment that they do have such huge loss
and the others would really be having some pause and trying to figure out on what happened and on next time they would really be learning up and make use it on next
situations that they might be able to face on. So it would really be just that depending on such situation.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
There is a high risk of loss in trading, which is why a trader should be prepared in advance. Personally I give more importance to holding than trading but sometimes I take one or two trade according to the market conditon. I always try to set stop loss in trading to reduce big risk and I also try to free some money so that I can use that money if needed. But since I focus more on BTC holdings it is a good strategy for me to go long in DCA. This strategy is the best strategy to recover losses even during the negative situation of the market.
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You will not face a loss if you do not sell, so you must prepare yourself to have enough money and money allocated for emergencies, so the possibility of being forced to sell will be very low, and as long as this possibility is low and you are not forced to sell, all you have to do is to wait until you make a profit.
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You will not face a loss if you do not sell, so you must prepare yourself to have enough money and money allocated for emergencies, so the possibility of being forced to sell will be very low, and as long as this possibility is low and you are not forced to sell, all you have to do is to wait until you make a profit.
It is true, but your psychology will still be haunted by the loss... for those who only invest with small money, they may not feel stressed, because when we have assets, the only way out is to sell and it is certain to be a loss for some time to come (at least before bouncing)... but in reality people who have been involved in the cryptocurrency world for a long time are not satisfied with just a small amount, because the profit is a percentage based on the money spent,,,
In some cases, there are indeed those who do not care about the reduction in their assets, but basically they still think about their assets too. Emotions and panic will remain a shadow for those who are experiencing losses, especially for those who only have income from cryptocurrency.
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Diversification in real estate, metals, stocks but I ask why would you create such situation in first place that you have to prepare for it?
Better don't create problems, that you have to seek solutions for and importantly when you are aware that doing particular thing is creating a problem.
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I pretty much agree with you because when we invest not all investments will always be profitable. Once in a while you may face loss. So I would suggest if you want to become a real trader then invest some of your money. By doing this you will be able to train slowly and eventually benefit.
Traders should be expecting the worse. If 90% of traders are estimated to be losing, then anyone that wants to become a trader or that is a trader should be expecting losses even if they are using small amount of money to trade. But if small amount that the trader can be afforded is used for trading, this should not result to any financial problems.
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Diversification in real estate, metals, stocks but I ask why would you create such situation in first place that you have to prepare for it?
Better don't create problems, that you have to seek solutions for and importantly when you are aware that doing particular thing is creating a problem.
Before becoming experienced investors, we were all newbies and paid a lot to learn from our market failures. Therefore, I believe everyone has their own stories to share.
Diversifying an investment portfolio is also a good approach, similar to managing capital by never using more than 2% of capital for a single market trade, or always having a stop-loss instead of wanting a few % from Earn & Stake on CEXs. Importantly, after a failure, traders can still continue to try, learn, and trade to achieve future success instead of leaving the market and criticizing crypto.
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If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.
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If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.
What you said is the same thing that I would also do. There is no need to keep on risking your funds when you are losing it. If I loss big in trading, I will regret of trading and will never trade again, I will not even want to learn it. What I will do is to buy bitcoin at the bear market and sell it in the bull run, if I am after short term profit but if I want a good profit, I will hodli for long maybe 4-10 years and above.
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A person should have accurate information before entering into crypto investment or trading because the loss is not always small but sometimes you lose such a big amount that recovery is not always easy. If you have learned well then first of all you will not use a huge amount and if you are using a huge amount then your selected coin must be an old, trusted and tested coin in which chances of loss will be minimum.
If in trading you are regularly losing money then it is better to not trade for sometime until you learn more things related to trading and also remember that don't be in too much hurry to not think about the faults but utilize money from every source which you have to use for more prime requirements because all quick response will lead you to loss.
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Different individuals will have different tolerances for risk. Tolerance is not fixed, it will change with your skills and knowledge. Always i keep investment in a planning stage as i never keep all funds fun in one coin. You should know that there are many professional traders who buy other currencies for trading as well as investing. They buy currency for long and short term and it acts as their plan b along with trading. So that they can recover the losses very quickly.
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so what is your plan when you experience a huge loss in cryptocurrency?
Experiencing a huge loss in cryptocurrency can be a very huge discouragement for an investor or a trader in cryptocurrency, which may make the person not to want to continue in it. But experiencing a huge loss should not mean the end but rather should be a reason to want to be better to recover from the losses made. as a trader or an investor in cryptocurrency, whenever you experience a hit loss instead of retreating into your shell, take it as a challenge to discover what put you in that position, the mistakes you have made, so there will be no repeat in the future.
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I have to say, its not really that shocking in the crypto world to have a big loss, everyone has that time to time, I had %80+ down plenty of times, bear markets are literally just periods where we lose big all together. What you just do is end up trying to earn more money, or at least save more money, and buy it when its that much down. That way, you lower your purchasing price, this action is called "dollar cost averaging" and known as DCA, many people in the world knows this. So if you lose big, unless its some shitcoin, and if its something trusted like btc, you just buy more and wait for it to go back up.
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Hmm, after eliminating a couple of starting mistakes, until now i haven't lost anything big, as after those big mistakes of my initial time, I got my way of avoiding futures trading even you are good at it, for the rest i've scanned most of the replies haha, in order to prepare myself from what other's experience physiologically. TBH most people are giving tips, and most tips are Plan B and avoiding maximum risk, that is good but as you know risk brings great opportunities.
For the rest my suggestion is just to avoid leverage trading if you want to avoid big losses in this market, as leverage trading sucks most of the time.
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I have to say, its not really that shocking in the crypto world to have a big loss, everyone has that time to time, I had %80+ down plenty of times, bear markets are literally just periods where we lose big all together. What you just do is end up trying to earn more money, or at least save more money, and buy it when its that much down. That way, you lower your purchasing price, this action is called "dollar cost averaging" and known as DCA, many people in the world knows this. So if you lose big, unless its some shitcoin, and if its something trusted like btc, you just buy more and wait for it to go back up.
;D ;D Sorry buddy..you haven't experienced a big loss, because your budget that you allocated for cryptocurrency is still in the form of FIAT or maybe stable coin... this is proven because you can still do DCA, that means you are still in the strategy stage, not in the big loss stage. That strategy has been recommended repeatedly by many people in this forum, so thank you for reminding me again.
For the rest my suggestion is just to avoid leverage trading if you want to avoid big losses in this market, as leverage trading sucks most of the time.
A little silly fact from me is, my biggest loss ever came from trading futures on Binance (3 years ago) ... it really frustrated me a little bit and wanted to leave the crypto world forever... but somehow as time went by, the desire to interact with cryptocurrency was always there... so I really couldn't leave cryptocurrency even though I lost big.
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If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.
What you said is the same thing that I would also do. There is no need to keep on risking your funds when you are losing it. If I loss big in trading, I will regret of trading and will never trade again, I will not even want to learn it. What I will do is to buy bitcoin at the bear market and sell it in the bull run, if I am after short term profit but if I want a good profit, I will hodli for long maybe 4-10 years and above.
That is what most traders does if they noticed they aren't making any further progress they would stop trading and focused on investment truly investment is more reliable than trading though it depends on choice because some people may want to stress themselves trading instead they would want to hold for some times and sell when the market seems promising.
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I am a crypto trader, and i am trading here from 2015. And still trading. Overall i am profitable in trading. Basically spot trading is my favourite. And from the beganing i am doing stot trade.
But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.
It was my big loss in cryptocurrency trading. And my plan always i will trade in spot section. Never will trade on future section. It is my first plan.
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And from the beganing i am doing stot trade.
What did you mean as stot trade? I think it is a typo. You mean spot trading.
But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.
Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Go off for a bit then try trading after a few weeks to months.
I did those 3 times, and I lost money during those 3 times.
When I lost my money at the 3rd time, I said to myself "I'm done with trading" and until now, I don't go back and trade. I know that there are some plans that aren't going smoothly especially when we can't control the movement of the market, and it's good that sometimes, we have a Plan B that can help us in trading. On the other hand, there's an option as well where we can stop if we are constantly losing money in trading and that's what happened to me.
But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.
I hope that you learned your lesson on this one. :) Don't join on those signal shit out there.
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Losses and gains are parts of trading and businesses. One can't have gains all the time :P I guess if I invest and get into huge losses, I might just have patience and hope for price to go up. It is wise to invest in stuffs by doing research I guess than to regret later since lots of scam and useless coins have been there I think that burnt peoples' money. But for genuine losses, it is patience until it recovers :D
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Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.
Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.
Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.
Spot trading is indeed safer than future trading, less risky and will not be liquidated.
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Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.
Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.
Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.
Spot trading is indeed safer than future trading, less risky and will not be liquidated.
Yes, it's not just one or two groups that I've seen that they give a trading signal, they even promote it on social media. Their followers are usually beginners, because they don't know anything and are easier to influence.
Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.
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I am a crypto trader, and i am trading here from 2015. And still trading. Overall i am profitable in trading. Basically spot trading is my favourite. And from the beganing i am doing stot trade.
But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.
It was my big loss in cryptocurrency trading. And my plan always i will trade in spot section. Never will trade on future section. It is my first plan.
You are most experienced in cryptocurrency trading since 2015, I younger several years from you but know about bitcoin after investing at MMM Global just understood about bitcoin as payment for deposit fund to that website before become scam. After loss my investing in MMM Global I try trade with bitcoin and some altcoin but at the early 2016 many worth of coins for trading have lower price and easily take much profit in short term.
Talking about big loss ever trade in future and reach my capital from $100 until success become $1000 but not withdraw yet before loss all it, now only focus with spot trading because less risk although price drop we can hold it until recovery back to the higher price.
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I pretty much agree with you because when we invest not all investments will always be profitable. Once in a while you may face loss. So I would suggest if you want to become a real trader then invest some of your money. By doing this you will be able to train slowly and eventually benefit.
- Traders should be expecting the worse. If 90% of traders are estimated to be losing, then anyone that wants to become a trader or that is a trader should be expecting losses even if they are using small amount of money to trade. But if small amount that the trader can be afforded is used for trading, this should not result to any financial problems.
Here you are saying this is better, expecting the worst in the crypto industry, because it is possible that you can get a profit when you think of it as a crypto trader in a field like this.
Because they often get good earnings in the crypto space, they often lose a huge amount of money and just waste their time and effort in the hauling because the coins they spend time and effort on are wrong.
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Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.
LOL is a VIP group that is just a group of scammers who take advantage of the innocence of beginners.
Only various buy and sell signals without any analysis and have quite a lot of members.
In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early
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Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.
Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.
Spot trading is indeed safer than future trading, less risky and will not be liquidated.
Just don't rely on the group signals!
It is true, they are untrusted because they only want to take the advantages of it. In many cases, the owner of the group signals work together with certain projects. So, they are trying to make good signals for certain coins, they try to attract people to buy the coins. At the end of the day, many people are trapped with the good signals.
Indeed. It is better to choose trusted coins and trade in spot. Binance can be one of a good option, but don't trade in future! :D
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I rarely expect big losses because I usually trade with funds I can afford to lose. This is because trading isn't my primary source of income. However, I think the best plan is this as well. Having a substantial amount of extra cash set aside, in addition to the funds you're using for trading.
If the fund you are using to trade gets exhausted, you will sink in and find and keep another backup fund incase there's another issue in the future. Is this truly a sustainable way to go?
I will suggest we have an amount for trading and when all goes, we should stop trading and consider yourself a bad trader. If possible go learn how to trade again.
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Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.
LOL is a VIP group that is just a group of scammers who take advantage of the innocence of beginners.
Only various buy and sell signals without any analysis and have quite a lot of members.
In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early
For those of us who already know how they work, then we will really consider them a group or individual fraudsters. They give signals without any clear reason, and we do not know whether they really analyze or not.
Indeed, beginners are their target, because beginners still do not understand what they are doing and assume that people who have known trading for a long time are already professionals. And even if someone tells them something, they will easily believe it.
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I rarely expect big losses because I usually trade with funds I can afford to lose. This is because trading isn't my primary source of income. However, I think the best plan is this as well. Having a substantial amount of extra cash set aside, in addition to the funds you're using for trading.
If the fund you are using to trade gets exhausted, you will sink in and find and keep another backup fund incase there's another issue in the future. Is this truly a sustainable way to go?
I will suggest we have an amount for trading and when all goes, we should stop trading and consider yourself a bad trader. If possible go learn how to trade again.
Trading plans would really be that something which is really that recommended or something that would really be crucial on which its really just that right that you would really be that having those limitations on the moment or time that you would be losing big money with trading. You cant really just that make yourself keep on depositing for trading capital if you dont really know on what you are doing. People would really be that usually be trying to chase up their loses and on the moment that they would really be that become too desperate then this is where
things becomes even more problematic.
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Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.
Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.
Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.
Spot trading is indeed safer than future trading, less risky and will not be liquidated.
Yes, it's not just one or two groups that I've seen that they give a trading signal, they even promote it on social media. Their followers are usually beginners, because they don't know anything and are easier to influence.
Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.
If it is easy for them to make profit through trading with the signals that they are giving, why are they not rich by now and focus more on trading to make huge profit instead of selling fake signals that will lead people to more losses. If you don't know how to trade, forget about it and learn till you have the knowledge and have your own strategy which will favor you. You can be practicing with a little amount of money that you can afford to lose. Think more of the future than the present which made me quit trading because it made me run at loss anytime I try it.
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Just don't rely on the group signals!
It is true, they are untrusted because they only want to take the advantages of it. In many cases, the owner of the group signals work together with certain projects. So, they are trying to make good signals for certain coins, they try to attract people to buy the coins. At the end of the day, many people are trapped with the good signals.
Indeed. It is better to choose trusted coins and trade in spot. Binance can be one of a good option, but don't trade in future! :D
A trap to benefit themselves and sacrifice others. It could be an order from some party or pure manipulation carried out by the owner of the group.
It's better to stay away from such groups, I used to be involved in them and saw how many people entered at high prices and suffered a lot of losses.
And yes, don't get into future trade, it won't be saved.
It is better to trade spot and will not be liquidated.
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If it is easy for them to make profit through trading with the signals that they are giving, why are they not rich by now and focus more on trading to make huge profit instead of selling fake signals that will lead people to more losses. If you don't know how to trade, forget about it and learn till you have the knowledge and have your own strategy which will favor you. You can be practicing with a little amount of money that you can afford to lose.
If they can guarantee the signals, it must be paid, they won't share the signals for free. They won't share something who can easily make money for free. No people in the world who are really kind to share something to make us be rich with no fees. It is just a bit strange that there are social media groups sharing good signals. ;D
Yes, just focus more in learning if we still can't trade properly. We don't force our selves to trade with lack of knowledge. Crypto trading is high risk, it is stupid to trade crypto coins with lack knowledge.
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In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early
Honestly, I have also been a member of VIP signal trading, when I was still a novice at trading. And indeed, they only provide prediction signals in the form of what Coin, enter at what number, Short/Long, TP/SL, and it really doesn't explain how the analysis is and what if we are late in knowing the signal, is it still safe or not to enter at that time. Unless we chat them privately, but that also often doesn't work. But indeed, maybe it only works for some traders who already have experience who can analyze but use trading signals as just one guideline. Because in the group, there are also many claims of success for the signal. It's just that I personally, honestly really didn't understand and only waste money. wkkwkwk
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If they can guarantee the signals, it must be paid, they won't share the signals for free. They won't share something who can easily make money for free. No people in the world who are really kind to share something to make us be rich with no fees. It is just a bit strange that there are social media groups sharing good signals. ;D
Yes, just focus more in learning if we still can't trade properly. We don't force our selves to trade with lack of knowledge. Crypto trading is high risk, it is stupid to trade crypto coins with lack knowledge.
There might be some good ones but almost all of them are bad and people will lose. The good ones can provide good 7
60% accurate signals but newbie traders will use it and still lose because they are doing something wrong. 99% of signal groups are scam. Yes it is better traders learn trading by themselves instead.
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Honestly, I have also been a member of VIP signal trading, when I was still a novice at trading. And indeed, they only provide prediction signals in the form of what Coin, enter at what number, Short/Long, TP/SL, and it really doesn't explain how the analysis is and what if we are late in knowing the signal, is it still safe or not to enter at that time.
My experience was also bad for VIP signals... after failing to become their follower, I decided not to want to have anything to do with cryptocurrency for a few months... even though it was my own fault, but I hated the entire cryptocurrency ecosystem at that time...
I came back to my senses when I started learning about the Bitcoin Core wallet... there I started to get interested in diving back into the cryptocurrency world....
My advice is, never take cryptocurrency buy and sell signals as something easy... it still requires analysis, because sometimes they don't give reasons for making such decisions. So we must remain smart in considering decisions in trading using references from others.
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I would always say to trade with money you can afford to lose. If you follow this and trade then you will not face big loss. I have no such experience. But if one takes a loss like this then he has to get out of trading, because you will want to trade more to cover your loss, but then your emotions will work more than your head, only you will feel that you lost your losses Being thats money will bring it back anyway. Then you will not be able to make the right decision and will face bigger losses by trading on emotions.
So at that time you have to come out of trading and move towards holding. You have to hold and accumulate that amount until your losses are covered by staying away from trading for a long time. That's the only way.
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But indeed, maybe it only works for some traders who already have experience who can analyze but use trading signals as just one guideline. Because in the group, there are also many claims of success for the signal. It's just that I personally, honestly really didn't understand and only waste money. wkkwkwk
Those who say it works may be following signals on sideways markets and not on bear markets.
And also those who say they always succeed are their own team that pretends to give positive feedback, in fact it is just a lure for more new members to come in and old members to increase their purchases.
All of that is just manipulation and now these kinds of grubs are banned and are also not visible any more today.
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Yes, it's not just one or two groups that I've seen that they give a trading signal, they even promote it on social media. Their followers are usually beginners, because they don't know anything and are easier to influence.
Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.
If it is easy for them to make profit through trading with the signals that they are giving, why are they not rich by now and focus more on trading to make huge profit instead of selling fake signals that will lead people to more losses. If you don't know how to trade, forget about it and learn till you have the knowledge and have your own strategy which will favor you. You can be practicing with a little amount of money that you can afford to lose. Think more of the future than the present which made me quit trading because it made me run at loss anytime I try it.
This is a very good logic, when they can get a lot of profit from the trading they do, then why do they create a VIP group to make money? Isn't that not bigger than what they can get?
I think 2 things about people who are indeed experts, the first is they are not known as someone who is an expert in trading and the second is they will share it for free because they can already make a profit from trading.
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If they can guarantee the signals, it must be paid, they won't share the signals for free. They won't share something who can easily make money for free. No people in the world who are really kind to share something to make us be rich with no fees. It is just a bit strange that there are social media groups sharing good signals. ;D
Yes, just focus more in learning if we still can't trade properly. We don't force our selves to trade with lack of knowledge. Crypto trading is high risk, it is stupid to trade crypto coins with lack knowledge.
Actually those who understand trading and have the ability to know about the market movement are taking advantage of their ability so they are helping others due to which not only others but they are also making good profit. Nobody in this world is ready to help others without any payment as jobs are limited so they are adopting new ways to earn cash.
Very little percentage of people who know about signals are sharing their knowledge without any payment but currently some people are also here who don't know anything but are getting money due to spreading the wrong signals so I think if a person understands trading and signals by himself then he will not need anyone for his success.
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Thats true, after a certain while you end up getting to know all of this easily and you do not end up getting anything marginal out of it, and just accept that its part of it. Thats what I tried to convey as much as I can, its time and learning about it. I get that it may not be easy at the very first time, but its going to be something easy to deal with with time, so it should be quite good eventually. I try to do as well as I can, and it wasn't really that easy to handle but with time it became easier and easier, its just the way it should be. This of course isn't a solution to newbies, but they just need to wait.
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- As traders, we should really expect to lose there, especially if our knowledge of trading in the cryptocurrency business is not that extensive. If those are the experts, they still can't prevent us from losing; can they not be experts?
If we lose, we should know where we made a mistake in strategy and why we lost in trading. As long as possible, we should not repeat the mistake we made that made us lose in our trading activity.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Well, I honestly dont have, and can't even think of what could possibly be or act as a backup plan against crypto loss, aside just picking yourself up and moving on, specially with the fact that there are several other opportunities to make money from in crypto.
And besides, huge losses can be avoid in the first place, and that is by we making sure not to invest more than we can't afford to lose.
And another thing is, making sure we know the risk involved with every cryptocurrency we decide to invest in, this helps us prepare ourselves well incase of unforseen circumstances, and like I said before, when ever such a thing as a loss occurs, there is no other thing to do aside picking one self up and moving on to other opportunities available.
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- As traders, we should really expect to lose there, especially if our knowledge of trading in the cryptocurrency business is not that extensive. If those are the experts, they still can't prevent us from losing; can they not be experts?
If we lose, we should know where we made a mistake in strategy and why we lost in trading. As long as possible, we should not repeat the mistake we made that made us lose in our trading activity.
Exactly, no trader always succeeds in getting a win, every trader must have experienced a loss that eventually made them have to learn their mistakes so that they are not repeated. Those who have become expert traders make failure a very important lesson. We must always learn something new and be able to control our patience well so that we can set the right strategy.
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- As traders, we should really expect to lose there, especially if our knowledge of trading in the cryptocurrency business is not that extensive. If those are the experts, they still can't prevent us from losing; can they not be experts?
If we lose, we should know where we made a mistake in strategy and why we lost in trading. As long as possible, we should not repeat the mistake we made that made us lose in our trading activity.
Exactly, no trader always succeeds in getting a win, every trader must have experienced a loss that eventually made them have to learn their mistakes so that they are not repeated. Those who have become expert traders make failure a very important lesson. We must always learn something new and be able to control our patience well so that we can set the right strategy.
In trading, losses can always become great lessons and that helps us to apply them in any other operation, but we always have to do an analysis. I consider that losses in trading are normal, but here what we must be very careful about is that the losses must be minimal , or at least the losses must be less than the profits, the profits must always be greater, if the opposite happens it is likely that we are seeing the market wrong and it is necessary to stop and see what is Happening.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Loss is part of trading, and you can never exempt it completely because no one is perfect, especially in trading. There is a very huge risk involved, and if you have learned so well, you will know that you need to be very observant and know exactly what you are doing whenever you are trading to avoid the huge loss you are making reference to.
Stop loss is very important in trading, it will limit your loss; likewise, learning about trading before you start trading will equally help you to control your losses.
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so what is your plan when you experience a huge loss in cryptocurrency?
My investment on cryptocurrency is my holding with Bitcoin.
The term "lost in cryptocurrency" is one doubt I have to be a subject about because before I invested in Bitcoin, I am aware that it is a volatile currency which I also know that it is lucrative if held on long term goal.
So, when the value of my value depreciates which may be the lost you mean OP, I would have to keep holding because downward is not the right phase of Bitcoin but upwards ness despites its fluctuations.
And even when it deep depreciating as the price of Bitcoin keep to befall, I take it as opportunity to buy and accumulate more while it reschedules to appreciate valuably again where my holding values is multiplied after some losses.
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so what is your plan when you experience a huge loss in cryptocurrency?
My investment on cryptocurrency is my holding with Bitcoin.
The term "lost in cryptocurrency" is one doubt I have to be a subject about because before I invested in Bitcoin, I am aware that it is a volatile currency which I also know that it is lucrative if held on long term goal.
So, when the value of my value depreciates which may be the lost you mean OP, I would have to keep holding because downward is not the right phase of Bitcoin but upwards ness despites its fluctuations.
And even when it deep depreciating as the price of Bitcoin keep to befall, I take it as opportunity to buy and accumulate more while it reschedules to appreciate valuably again where my holding values is multiplied after some losses.
Everyone has it's own plan here, others really take it very hard when they lost in crypto although if you look at your wallet it might be in the negative but it doesn't mean you have you lost that money right now. So it's better that your goal is for long term here, so that when your portfolio goes down, you won't be affected that much. I remember way back when the pandemic happens, everyone is definitely at lost because there was a huge decrease in price and everyone really don't know what is happening around that time. But I didn't sell and panic and just HODL or even continue to accumulate and I'm glad that I make that decision not to sell or trade my Bitcoin.
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so what is your plan when you experience a huge loss in cryptocurrency?
My investment on cryptocurrency is my holding with Bitcoin.
The term "lost in cryptocurrency" is one doubt I have to be a subject about because before I invested in Bitcoin, I am aware that it is a volatile currency which I also know that it is lucrative if held on long term goal.
So, when the value of my value depreciates which may be the lost you mean OP, I would have to keep holding because downward is not the right phase of Bitcoin but upwards ness despites its fluctuations.
And even when it deep depreciating as the price of Bitcoin keep to befall, I take it as opportunity to buy and accumulate more while it reschedules to appreciate valuably again where my holding values is multiplied after some losses.
Everyone has it's own plan here, others really take it very hard when they lost in crypto although if you look at your wallet it might be in the negative but it doesn't mean you have you lost that money right now. So it's better that your goal is for long term here, so that when your portfolio goes down, you won't be affected that much. I remember way back when the pandemic happens, everyone is definitely at lost because there was a huge decrease in price and everyone really don't know what is happening around that time. But I didn't sell and panic and just HODL or even continue to accumulate and I'm glad that I make that decision not to sell or trade my Bitcoin.
We do have our plans basing up into the conditions or situations that we are really that facing on. We do know that when we on verge of huge loses then we would really be definitely be thinking on quitting up and on the time that we would be seeing that its pointless for you to continue then its most likely you would really be definitely doing that. Plan on whether you would really be
continuing to deal up trading or investment will really be your risks management thing on which there are individuals who are really that not easily giving up on the time that they are really that doing something.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Trading is not for everyone. Trading is a very difficult thing and only those who spend time on it become successful. Again, no matter how much an expert is in trading, he will never be able to guarantee profit. So everyone should have a backup plan. I am not much expert in trading. So my experience in this matter is less. When I lose be it in gambling or trading I forget it and stop trying to recover the lost amount and start again later. I think that the more I think about previous losses, the more volatile they become, causing me to make bad decisions on subsequent moves with volatility and experience more losses.
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Not losing big sounds like a plan cause if we realise the loss is huge then it's pretty much it, we can't do really much about it unless move on to next trade.
So what we need to not losing big, like stop loss that can limit our capital from busted or opting out not sell until the market trend reverse cause we didn't lose anything as long as we are holding our cryptos.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
There is an adage that says when you see a stone that is going to blind you, try and avoid it from far. The same thing goes with losses when it comes to trading. I think your trade should have a definite path in a such a way that you have an entry price, exit price and stop loss. I think by this you should be fine and losing big a mount of money will be difficult.
Assuming you even made some losses in your stop loss. You can still be able to make everything back and faster because some coins give you high expectations more than your setup and exit price.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.
Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.
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A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.
Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.
Bro, we are all not perfect... even people who are richer than us, must have felt a big loss from the business or trade they do.... we will never know the unlucky day from the calendar, and I am sure bad luck always comes suddenly...
Acting preventively certainly does not hurt... and even though we have a 99% chance of winning, there is still 1% that can change our entire plan in the future.... and one more thing... this topic was created when we realized our mistakes so that something we never thought of happened, namely a big defeat...
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.
Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.
Proper risk management is very important for all traders to learn as much as possible, because if we don't know how to use it correctly, we will always lose a large amount in the trading we do in the end.
But if we know how to properly manage our losses in trading because crypto or bitcoin is unpredictable and volatile, we must get used to dealing with these situations and should not be carried away by emotions that we cannot control; instead, we should still be able to control our emotions correctly. even if we say we face defeat.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.
Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.
Proper risk management is very important for all traders to learn as much as possible, because if we don't know how to use it correctly, we will always lose a large amount in the trading we do in the end.
But if we know how to properly manage our losses in trading because crypto or bitcoin is unpredictable and volatile, we must get used to dealing with these situations and should not be carried away by emotions that we cannot control; instead, we should still be able to control our emotions correctly. even if we say we face defeat.
You would really be able to make out those kind of realizations along the way on which you would really be definitely be able to encounter tons of things along the way
and just by using up your own common sense then it would really be telling you that making up those adjustments would really be something needed. You would really be
able to make out those realizations that risk management is something that you would really be needing. You cant really just that make yourself on pursuing something
on which you do know that it couldnt really be that giving out that kind of advantage specially on trading field.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.
Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.
The day I First recorded my $200 loses from a single market drop and accumulatively list around $1000 with in two weeks, I began to realize that the bigger your investment the bigger your loses, and at a level you lose more if you actively involve you investment in daily trading trying to take advantage of market volitilities, most especially if you are impatient.
Some of those loses came as a result of me venturing into investing in other coins and trying to trade them, but now that I have that experience, I can never fail victim to such bad investment move, because hard it been I left all my investment in Bitcoin, my total loses couldn't have raised to such high level with in that short period of time without the possibility of recovering at some point.
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The day I First recorded my $200 loses from a single market drop and accumulatively list around $1000 with in two weeks, I began to realize that the bigger your investment the bigger your loses, and at a level you lose more if you actively involve you investment in daily trading trying to take advantage of market volitilities, most especially if you are impatient.
Taking advantage of market volatilities within a short period of time is a big risk in cryptocurrency trading. Long term traders or let me say swing traders are the ones that enjoy the market better after a top to down analysis that they’re sure of before executing it. And when buying cryptocurrencies, venturing more on altcoins can give you more loss than wins that’s why when there a market downturn, the portfolio immediately loses more value than expected.
Some of those loses came as a result of me venturing into investing in other coins and trying to trade them, but now that I have that experience, I can never fail victim to such bad investment move, because hard it been I left all my investment in Bitcoin, my total loses couldn't have raised to such high level with in that short period of time without the possibility of recovering at some point.
Bitcoin buying and holding is still the best you should focus on if you want to minimize your loss and be at an advantage anytime the market fluctuates. Most altcoins are best knows to be highly volatile and highly risky to venture into unlike bitcoin that provides more value and more assured return on investment.
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Bitcoin buying and holding is still the best you should focus on if you want to minimize your loss and be at an advantage anytime the market fluctuates. Most altcoins are best knows to be highly volatile and highly risky to venture into unlike bitcoin that provides more value and more assured return on investment.
Now I avoid trading more and focus on bitcoin investment with the accumulation of this way for us to be safe in building wealth, so I will not focus too much on trading even though occasionally when I see an opportunity.
Altcoin is still risky, so it needs to be avoided unless you are going to take a step after doing research, yes it doesn't matter as long as you are ready to bear the risk, therefore bitcoin accumulation is better for me.
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- As traders, we should really expect to lose there, especially if our knowledge of trading in the cryptocurrency business is not that extensive. If those are the experts, they still can't prevent us from losing; can they not be experts?
If we lose, we should know where we made a mistake in strategy and why we lost in trading. As long as possible, we should not repeat the mistake we made that made us lose in our trading activity.
They can't repeat the same mistake, but they will still repeat losing some trades.
I'm not an expert in trading, but I feel that even those expert traders are experiencing losses as well.
What's important is that, they end up making more profits than losses. Experts can't prevent losing on their traders, but they can mitigate their losses by using their own strategy.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
When I face a huge loss in any of my trades first I analyze the situation I am in. For example, the coin I have bought either has the potential to go up again or not, if it has the potential then I will wait but if it keeps going down and down and there is no way for the coin to go up again then I will wait for the price where the most it can reach and will exit the trade.
I have been in such a situation in my DYDX trade and I had to exit the trade at $8 or $9 while I bought the token at $19 to $20. The situation was apparent to me because I bought high as after the listing the price went high and I bought that time which was a mistake so I have to bear the loss for my mistake.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
When I face a huge loss in any of my trades first I analyze the situation I am in. For example, the coin I have bought either has the potential to go up again or not, if it has the potential then I will wait but if it keeps going down and down and there is no way for the coin to go up again then I will wait for the price where the most it can reach and will exit the trade.
I have been in such a situation in my DYDX trade and I had to exit the trade at $8 or $9 while I bought the token at $19 to $20. The situation was apparent to me because I bought high as after the listing the price went high and I bought that time which was a mistake so I have to bear the loss for my mistake.
Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.
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Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.
That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.
And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.
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Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.
That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.
And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.
I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.
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They can't repeat the same mistake, but they will still repeat losing some trades.
I'm not an expert in trading, but I feel that even those expert traders are experiencing losses as well.
What's important is that, they end up making more profits than losses. Experts can't prevent losing on their traders, but they can mitigate their losses by using their own strategy.
Yes they will still lose money at a certain stage because the cause of failure is not only a single mistake but there are lots of different mistakes which a person will realize after becoming a part of trading. Those who are traders from lots of years and are getting a good sum of money are also losing money but the difference is that they lose when they take the risk with new coins and their loss is also small but newbies lose all the time as they don't know about the trading well.
If your loss is smaller than your profit then try to know that you are going well in trading technology no matter if you are an expert or newbie but you should have control over your losses and should try to not repeat the same mistakes, also calculate the percentage of loss and win on a regular basis.
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Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.
You are right about how people prefer to do revenge trading and some of them get succeed while most don't. I read on BTT that negative energy like revenge, emotions, anger, etc. are some of the low-frequency energies that drive a person to do something big like accumulating valuable assets.
I don't agree to some extent with you on revenge trading because I think revenge trading can make you good money as well. But we should not do it because revenge trading is like not thinking straight and trading in a token in the hope of recovering a loss and making illogical trades can definitely lead to wrong trades that can even empty your account.
But if you are thinking straight but still plan to take revenge and plan to recover your loss then I think there is nothing bad in that. What do you say? BTW I did not take revenge on my trade on DYDX.
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Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.
You are right about how people prefer to do revenge trading and some of them get succeed while most don't. I read on BTT that negative energy like revenge, emotions, anger, etc. are some of the low-frequency energies that drive a person to do something big like accumulating valuable assets.
I don't agree to some extent with you on revenge trading because I think revenge trading can make you good money as well. But we should not do it because revenge trading is like not thinking straight and trading in a token in the hope of recovering a loss and making illogical trades can definitely lead to wrong trades that can even empty your account.
But if you are thinking straight but still plan to take revenge and plan to recover your loss then I think there is nothing bad in that. What do you say? BTW I did not take revenge on my trade on DYDX.
Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.
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That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.
And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.
I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.
Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.
This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.
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Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.
Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.
In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.
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Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.
Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.
In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.
Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.
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That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.
And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.
I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.
Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.
This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.
Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.
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Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.
Indeed, call it not as "revenge", but more like re-management, re-analyzing, re-trying, and other re-......
Because no matter what, managing emotions is not that easy. Anger, annoyance, and regret are always there, especially when losing a lot of money, it is certainly very painful. Therefore, stop for a moment, calm down, in any way that can make us calm. Then, start again if our minds and hearts are really cool and calm. It will be much wiser when we are going to arrange patterns and strategies again.
This is not easy, of course, especially about crypto trading, big losses in crypto, and high risks that may be experienced again in crypto trading. However, if you are going to return to crypto trading, you really have to face it, by learning various lessons from previous loss experiences.
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That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.
And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.
I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.
Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.
This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.
Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.
On the time that you would really be just that new into this market then you would be having these kind of impressions but on the moment that you would really be experiencing on how this market moves then you would really be making realizations. This is why it would really be that important that you should be expecting that loses would really be that part of the process.
You would really be finding yourself having some issues on the time that you do really expect too much specially on having that profitable trading.
When losing then dont chase up, you should really be checking on what happened and apply some analysis on the next trades you would be doing.
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Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.
None beginner but all experience trader keep focusing profit when entering in cryptocurrency trading, I think have difference ways only with beginner without make any research yet and huge expectation to earn much profit. For the experienced trader always be careful when entering for investing which one potential coins and make few percent set up profitable earn without not expectation profitable earn considering target from beginner.
I learned much lesson from cryptocurrency trading keep controlling our emotion and must set up profitable have to earn without keep hold it for long term until price going down again.
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Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.
This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.
Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.
I have also been in the same situation as you, and with that we can get a very valuable lesson that what we did in the past was something wrong. So now we give a little input or give our opinion on something related to this.
I think if there are many beginners here and they read what we discuss here then it will help them a little. At least it can change their mindset about trading a little.
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Crypto trading is not prefer all time, sometimes we fall loss in the cryptocurrency market. So firstly we should understand the cryptocurrency market, then we will able to know about in crypto trading. I have also a little plan when I will lose in crypto trading, I think short term investment is very important for me, So I decided when I fall in a big loss I will started to short term investment.
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we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..
my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.
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we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..
my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.
Your suggestion is correct. When one loses a large amount he should not panic but be patient and wait for the next bull run. Later he can make profit but if he goes for leverage trading then this concept will not work in this case. Because there can be complete loss of funds at any time. Those who buy a token on the spot will get good results if they are patient. And I also agree with you that during investment never invest 100% of funds together and never invest only on 1 coin as the risk is too high. that's why DCA is good stratgy to minimize risk and make a standard profit
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Actually I never thought about it until this point, but it seems like it is indeed worth being aware of.
If that happens, the first thing we have to do is to be able to maintain our mental and emotional state so that everything is okay.
Maybe we will stop trading first so that our minds are calm, if we feel that everything has improved we can start trading again of course very carefully.
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we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..
my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.
Your suggestion is correct. When one loses a large amount he should not panic but be patient and wait for the next bull run. Later he can make profit but if he goes for leverage trading then this concept will not work in this case. Because there can be complete loss of funds at any time. Those who buy a token on the spot will get good results if they are patient. And I also agree with you that during investment never invest 100% of funds together and never invest only on 1 coin as the risk is too high. that's why DCA is good stratgy to minimize risk and make a standard profit
Yes you told perfect. I am agree with you. When we will fall in lose then wait is best solution. We have to wait for next bull run when market will pump then lose will recover even possibility to profit will increase.
Even then follow DCA method is best solution i think. When Market will down we have to buy, every down buy and buy then we will be huge profited when market will pump.
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Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.
Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.
In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.
Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.
Controlling emotions after investment is difficult but it should be kept under control. Generally, investors panic and take various irrational decisions due to falling prices. Which can expose an investor to huge losses. Those who can perform their duties in a disciplined manner at this time can avoid loss of their assets. Before investing an investor must have a sound plan that helps them move towards their goals.
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Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.
I agree with you that controlling emotions takes time and great experience. Recent dumps and fud created in the market have almost made me sell my BTC holdings and I am pretty sure a lot of people already have sold their BTC holdings. The only thing that made me stick to the plan was education and the reality of the market.
We should not believe or trust what we read on small posts like Facebook, LinkedIn, or any other social media in which people post small posts with some image. We should search on our own about the whole market. For example in this dump from June 30th to now 500,000 BTC has been bought more by long-term BTC holders and people dumped their BTC due to Germany, and MT Gox distributions. People with no control on their emotions sold and people with control on their emotions bought. That's the difference.
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Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.
I agree with you that controlling emotions takes time and great experience. Recent dumps and fud created in the market have almost made me sell my BTC holdings and I am pretty sure a lot of people already have sold their BTC holdings. The only thing that made me stick to the plan was education and the reality of the market.
We should not believe or trust what we read on small posts like Facebook, LinkedIn, or any other social media in which people post small posts with some image. We should search on our own about the whole market. For example in this dump from June 30th to now 500,000 BTC has been bought more by long-term BTC holders and people dumped their BTC due to Germany, and MT Gox distributions. People with no control on their emotions sold and people with control on their emotions bought. That's the difference.
Experience would really be the key and this is something that makes you do able to be wary on things on which on the time or moment that you've seen yourself having that kind of
experience then it would really be that an advantageous thing on your part. Loses would really be that inevitable on trading and this is why it would really be that something recommended
that you should really be that having those plans on how you would be able to control yourself because getting impulsive and highly reactive will really be causing up much
more negative things specially on the time that you cant be able to handle it well.
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One thing I like about trading is that you will not risk loosing your entire investment on doing it, even if the strategy used failed, you can't lose everything like you see with gambling, but for those who can't afford to lose big on trades, it's more better if they can embrace a long time investment by holding than going short to risk loses on their assets of investment each time they are on trades.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
One should always be mentally and practically prepared for anything in life. Any disaster can happen anytime in life. Today you are making good income from crypto currency tomorrow it can crash. So in these cases plan B should always be prepared because in all situations one has to survive with family. Instead of leaving crypto currency as the only means of earning. You can do any other job or business besides this. So that when one avenue of earning is closed, another one is open. One should always be prepared for all situations because one has to sustain oneself in all situations. I would say to establish a good business along with crypto currency. And not to invest all money in crypto currency but some money. It is wise to invest in that business.
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I don't always risk more in trading if I lose a big loss we have to find profits to recover but I know it's difficult and impossible to do in a short time, but I need to have a clear mind to return to trading and take a little profit but low risk.
What I do is not in futures trading but Spot trading so I will not lose all of it unless I wait until the buy point returns again.
If for example in futures trading then it could be possible to lose all of it especially with high leverage.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Don't make that kind of big amount trade which brings you on a big loss that you can't afford and that's make fall you in bad situation.
I will always suggest that stick to the fund for trading what you can afford to lose and after that when you will face the loss every time watch the mistake you done and try not to make the second time the mistake . And changing the idea I will say if you do short-term trading you can shift on the long-term trading.
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Don't make that kind of big amount trade which brings you on a big loss that you can't afford and that's make fall you in bad situation.
It's always better to make a trade that doesn't affect you in anyway. Those who want to earn a lot from trading should understand that it's not a market where everyone can print free money as there are so many risks in trading.
If someone is aware of such risks then he/she never makes trades that cause him/her any losses. He/she always consider to make trades that can give him/her some profits instead of huge profits and similarly he/she wants to reduce losses as much as possible. That's how a good trader survives in market and makes some money out of it via trading.
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What else should one do whenever the gridlock occurs on the trades we made than to take heart, take time and relearn our mistakes then comeback better on it in other to make it right again, if we didn't learn from our mistakes, reoccurrence may remain in evitable on us, and i don't think that it is proper for us to wait till that time comes whereby we lose big before learning or to do the right and appropriate thing concerning trading.
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Below is a brief analysis of your post. Investing in an uncertain market like cryptocurrency should always have a backup plan. Here are some important steps and strategies that can be applied when faced with huge losses. Investment in other assets. Limitation of damages. Keep money for emergencies. Small investments from time to time. Avoid panic selling. Stay updated and make necessary changes.
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It's always better to make a trade that doesn't affect you in anyway. Those who want to earn a lot from trading should understand that it's not a market where everyone can print free money as there are so many risks in trading.
If someone is aware of such risks then he/she never makes trades that cause him/her any losses. He/she always consider to make trades that can give him/her some profits instead of huge profits and similarly he/she wants to reduce losses as much as possible. That's how a good trader survives in market and makes some money out of it via trading.
Well said buddy, The think most of the people about trading is the quick rich scheme and that is the reason most them are facing loss.
They should know that trading is also a site like where to be successful it's need the knowledge and skills like we do in web development, Digital marketing and as well as the physical works. And obviously trading is an investment so here we should also follow the risk factor because even one a skilled and knowledgeable person on the trading he can face loss we see this incident when Luna Crashed. So invest as much as you can afford to lose.
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And obviously trading is an investment so here we should also follow the risk factor because even one a skilled and knowledgeable person on the trading he can face loss we see this incident when Luna Crashed. So invest as much as you can afford to lose.
Yes, very true, trading is also a type of investment because money is involved in it and a trader should understand that there are some risks involved in trading and even professional traders also face some losses in some of their trades but they know the art of minimizing those losses and recover the money from new trades while newbies quit when they see losses. '
Luna's crash is a good example for the traders to understand that those who were trading Luna got shocked when it's value dropped 99.9% within 2-3 days. Smart traders made money from Luna's crash as well but majority of traders have lost money with it.
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For example, I trade bitcoin and buy bitcoin at a price of 63,000 USD and then the price drops up to 53,000 USD with a minus calculation to -10,000 USD and this value is very expensive.
The decline in bitcoin lasts a long time, perhaps between 4 to 8 weeks. During this decline I was only looking for real jobs to find daily funds used at home sweet home.
Maybe in conclusion, I have to refresh when the market is down and the market has gone up I should take profit and withdrawl to a local bank account.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Cryptocurrency prices never stop, if you invest in a coin and its price falls, you can patiently hold it and it will recover, at which point you can sell it at your target price. But in this case you must invest in potential coins. But if you invest in a new coin you need to do a lot of analysis to see if it will recover in the future. If it is not possible to do better in the future then we have to sell at a loss there is nothing we can do. there is no guarantee that you will be able to profit from each coin. So one must be careful while investing. That's exactly what I do. But most of the time investing in top coins I always prefer to hold because they will recover.
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Cryptocurrency prices never stop, if you invest in a coin and its price falls, you can patiently hold it and it will recover, at which point you can sell it at your target price. But in this case you must invest in potential coins. But if you invest in a new coin you need to do a lot of analysis to see if it will recover in the future. If it is not possible to do better in the future then we have to sell at a loss there is nothing we can do. there is no guarantee that you will be able to profit from each coin. So one must be careful while investing. That's exactly what I do. But most of the time investing in top coins I always prefer to hold because they will recover.
In case of this I will say that not the potential coins it should be bitcoin and the rest have the high risks and to recover some time I will say most of the times those recovery is very slow and some times those failed as the luna incidents and FTX crash.
I don't want to disencouraged the people to investment on the altcoins because even there is some good coins like the Ethereum, Solana, Polygon, BNB, TON etc these can bring good profit in long-term but I will even say that the Luna Incident I have also invested on the altcoins for the long-term but it is on affordable amount of mine which I can lose and will not affect me and my familiy.
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^ I also used to consider prominent altcoins safe bet until Luna incident happened, now these days I only consider Bitcoin to be a safe investment, and to a lesser extent Ethereum, while in everything else with the mindset that it can go to zero.
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^ I also used to consider prominent altcoins safe bet until Luna incident happened, now these days I only consider Bitcoin to be a safe investment, and to a lesser extent Ethereum, while in everything else with the mindset that it can go to zero.
Bitcoin is the safest coin to invest in, I agree with you. Ethereum is the second altcoin, it is also safe for long term holding. Luna is my mistake in the past investing in this coin. And I think altcoin is not safe for long term investment.
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Bitcoin is the safest coin to invest in, I agree with you.
Safe or not will depend on how we manage our investment. Even if we invest in Bitcoin, it can be not safe if we have lack of the knowledge about its investment. But I can agree that investing in Bitcoin is the most recommended one in crypto business. If we compare with altcoins, altcoins must be riskier.
Ethereum is the second altcoin, it is also safe for long term holding.
It is not the second altcoin but it is the first or number one altcoin. Sure, it is a good coin for holding a long time.
And I think altcoin is not safe for long term investment.
You just stated that Ethereum is safe for a long term holding. It is surprising that you conclude altcoin isn't safe for holding investment. Etheruem is one of altcoins, it is number 1 altcoin so far.
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Bitcoin is the safest coin to invest in, I agree with you.
Safe or not will depend on how we manage our investment. Even if we invest in Bitcoin, it can be not safe if we have lack of the knowledge about its investment. But I can agree that investing in Bitcoin is the most recommended one in crypto business. If we compare with altcoins, altcoins must be riskier.
right that is my reason why my bitcoin assets are bigger than altcoin, because I focus more on long term holding. Because my time to do daily trading is also limited sometimes because I don't monitor the market late exit.
Ethereum is the second altcoin, it is also safe for long term holding.
It is not the second altcoin but it is the first or number one altcoin. Sure, it is a good coin for holding a long time.
Upss sorry, it's typo. Ethereum is the number one of altcoin
And I think altcoin is not safe for long term investment.
You just stated that Ethereum is safe for a long term holding. It is surprising that you conclude altcoin isn't safe for holding investment. Etheruem is one of altcoins, it is number 1 altcoin so far.
Actually, ethereum is still safe, but because recently ethereum's price movement is not as good as BNB and Solana, I have doubts, whether ethereum is still safe to hold for the long term or will it be replaced by a new altcoin, but I don't have a good analysis for the altcoin for the long term, I am more confident with bitcoin.
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Bitcoin is the safest coin to invest in, I agree with you. Ethereum is the second altcoin, it is also safe for long term holding. Luna is my mistake in the past investing in this coin. And I think altcoin is not safe for long term investment.
FTX was the worst crypto that ever climbed to billions to died in just two days, Solana and Avalanche where also next in line but what help them was that they had a come back and strong buy as well as strong community. If not for their intervention, many of them would be as good as dead for long because the FTX loss was too real.
I just hope that such things don't continue in crypto because such things cause a big disability in crypto. It's because of the past events and things of such why we are yet to have a bull run like the previous ones, people are now skeptical about the trust in the market.
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Bitcoin is the safest coin to invest in, I agree with you. Ethereum is the second altcoin, it is also safe for long term holding. Luna is my mistake in the past investing in this coin. And I think altcoin is not safe for long term investment.
FTX was the worst crypto that ever climbed to billions to died in just two days, Solana and Avalanche where also next in line but what help them was that they had a come back and strong buy as well as strong community. If not for their intervention, many of them would be as good as dead for long because the FTX loss was too real.
I just hope that such things don't continue in crypto because such things cause a big disability in crypto. It's because of the past events and things of such why we are yet to have a bull run like the previous ones, people are now skeptical about the trust in the market.
That is one of the things that can make us lose overnight... some of these scams will cause the price of the related coins to fall to nothing.. and I also agree with you, this is what makes some big investors reluctant to enter the crypto space, because the potential for fraud is quite large....
The purpose of this topic is at least to reduce this too... if we can take the right steps when experiencing such an incident at least it can make some investors feel safe too, even though the percentage is small who are interested.... of course none of us want to experience losses, but bad days always come suddenly, so sometimes avoiding them is impossible. That's why I want to hear my friends' experiences, what they did after experiencing this.
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As per my experience and belief every trader need to take rest and go for vacation when get lose big in trading.
Reason: while loses in trading mind is uncontrollable and emotions are attached in next move so better to switch yourself to other activities and comeback with positive mindset and better focuse.
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That is one of the things that can make us lose overnight... some of these scams will cause the price of the related coins to fall to nothing.. and I also agree with you, this is what makes some big investors reluctant to enter the crypto space, because the potential for fraud is quite large....
The purpose of this topic is at least to reduce this too... if we can take the right steps when experiencing such an incident at least it can make some investors feel safe too, even though the percentage is small who are interested.... of course none of us want to experience losses, but bad days always come suddenly, so sometimes avoiding them is impossible. That's why I want to hear my friends' experiences, what they did after experiencing this.
scammers are always there wherever we invest not only in crypto, so I don't think this is a reason for investors to be reluctant to enter crypto. because investing in the real world is also full of fraud. why should we be afraid of fraud if we can be careful in every transaction and learn the strategies and tricks of scammers.
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^ I also used to consider prominent altcoins safe bet until Luna incident happened, now these days I only consider Bitcoin to be a safe investment, and to a lesser extent Ethereum, while in everything else with the mindset that it can go to zero.
Bitcoin is the safest coin to invest in, I agree with you. Ethereum is the second altcoin, it is also safe for long term holding. Luna is my mistake in the past investing in this coin. And I think altcoin is not safe for long term investment.
I think that was not mistake they cheated with investors. Luna which was definitely good project and it's position was the top in coinmarketcap. By scamming it affects in the impact drastically. I also had a small investment in this platform. I would agree with you that Altcoins are not suitable for long term investment where only Bitcoin is best for investment but according to the market I think Ether is still suitable for investment.
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^ Luna wasn't a scam, it was just flaw in algorithm on how it was linked with $UST, the users were blinded by 20% interest rate and most of them couldn't wrap their heads up around the fact that it could fail, I said 'most' because I did read on Twitter before disaster happened that be cautious with $UST and their 20% interest rate.
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^ Luna wasn't a scam, it was just flaw in algorithm on how it was linked with $UST, the users were blinded by 20% interest rate and most of them couldn't wrap their heads up around the fact that it could fail, I said 'most' because I did read on Twitter before disaster happened that be cautious with $UST and their 20% interest rate.
I also see Lunan is not a scam, it's just an excessive emotion from users to get 20% interest, but in my opinion forget about luna and we don't need to repeat the same mistake. I also lost a lot of time at that time. It's better for us to choose coins with a good reputation like bitcoin and ethereum, those two coins are the safest in my opinion.
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^ Luna wasn't a scam, it was just flaw in algorithm on how it was linked with $UST, the users were blinded by 20% interest rate and most of them couldn't wrap their heads up around the fact that it could fail, I said 'most' because I did read on Twitter before disaster happened that be cautious with $UST and their 20% interest rate.
I also see Lunan is not a scam, it's just an excessive emotion from users to get 20% interest, but in my opinion forget about luna and we don't need to repeat the same mistake. I also lost a lot of time at that time. It's better for us to choose coins with a good reputation like bitcoin and ethereum, those two coins are the safest in my opinion.
Still, when you invest in altcoins you will always be in danger, a lot of risk, that is why before making any investment we must be sure and assume what happens, which is very different from when you invest in bitcoin, in bitcoin it is another story, therefore when we are looking for an alternative to invest what I always recommend is good, when I was looking at the reasons for Luna's fall, it didn't matter anymore, logic led to that, and that is the danger of all altcoins, and in fact one magician made a lot of money with that fall, but why? because he saw it as an opportunity and not as an investment.
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Still, when you invest in altcoins you will always be in danger, a lot of risk, that is why before making any investment we must be sure and assume what happens...
I don't know if it just me, but when it comes to altcoins/tokens i always use an exchange to invest set stop-loss order to avoid getting rekt too much if ever it goes dump. I don't hold it on any custodial wallet. I know the risk of storing coins in exchange for so long but i will take it for grain of salt when it comes to alts/tokens.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Crypto traders should always have a backup investment just Incase your trade goes sideways, we have heard stories of people blowing their trading accounts worth thousands of dollars and having nothing to fall back to because they lack proper planning. When you are stacking up your profits do not spend on Mondane or irrelevant things, focus on investing in other assets both online and physical that can serve as a backup when you lose big in trading. Preparing for it is better than having no plans at all. Always withdraw the profits you make on every trade so you can put it into other things
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Be it crypto currency or life, if we invest and we don't see any benefit in it, we should know that we are going to lose. And if we have to prepare for it in advance, we will be able to move forward.
Holding is more important than trading. But sometimes you have to follow the market conditions,
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Be it crypto currency or life, if we invest and we don't see any benefit in it, we should know that we are going to lose. And if we have to prepare for it in advance, we will be able to move forward.
Holding is more important than trading. But sometimes you have to follow the market conditions,
That is true, when investing as well as in the day to day business, the goal is not only to make money but also be prepared for the possibility of losing some. When we fail to record the benefits or outcomes that are expected from an investment we need to assess the position and plan for the next action. Evaluating how ready and capable a company is to cope with changeability and variability in the market is the concepts’ sum and substance. At times, it is actually important not to be aggressive in the markets and merely observe the actual trend of things. Impatience and changes in the strategies of investing depend on the market conditions constitute the key factor in patience.
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Crypto traders should always have a backup investment just Incase your trade goes sideways, we have heard stories of people blowing their trading accounts worth thousands of dollars and having nothing to fall back to because they lack proper planning. When you are stacking up your profits do not spend on Mondane or irrelevant things, focus on investing in other assets both online and physical that can serve as a backup when you lose big in trading. Preparing for it is better than having no plans at all. Always withdraw the profits you make on every trade so you can put it into other things
The idea of going all in in a trade is never advised though it can be profitable sometimes. Infact trying to minimise risks by avoiding that is where the whole smart money concept of a thing is directed towards. Trading can be frustrating sometimes times especially when you have a lot of consecutive losses, sometimes it may probably be that you are making use of the wrong strategy however some other times may just be an emotional factor.
Well the fact is markets can be really volatile sometimes and being able to scale through all those difficult periods of the market is what differentiates different traders. The goal of all traders is actually same although strategies may differ but it's same market.
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Be it crypto currency or life, if we invest and we don't see any benefit in it, we should know that we are going to lose. And if we have to prepare for it in advance, we will be able to move forward.
Holding is more important than trading. But sometimes you have to follow the market conditions,
In fact, we must realize what our greatest strength is, whether investment or market Speculation, being a trader is not easy, it is always being on the edge and getting used to adrenaline, even losing when it is almost a very safe Operation , it is facing that type of addictions, if we are prepared for that we must know that what can happen is very bad to lose, and winning is another thing , I have always said if you win enough, what you should do is withdraw at least 50% and spend it , feel that money.
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Bitcoin is the safest coin to invest in, I agree with you. Ethereum is the second altcoin, it is also safe for long term holding. Luna is my mistake in the past investing in this coin. And I think altcoin is not safe for long term investment.
FTX was the worst crypto that ever climbed to billions to died in just two days, Solana and Avalanche where also next in line but what help them was that they had a come back and strong buy as well as strong community. If not for their intervention, many of them would be as good as dead for long because the FTX loss was too real.
I just hope that such things don't continue in crypto because such things cause a big disability in crypto. It's because of the past events and things of such why we are yet to have a bull run like the previous ones, people are now skeptical about the trust in the market.
I don't consider Luna and FTX investors to be wrong investments at that point because these two coins were quite strong according to the market. FTX Exchange was one of the reliable exchanges but no one imagined that Do Kwon and Sam Bankman-Fried would be involved in such a big scam where FTX was turned into an established business. Investors lost all their investments in just a few days. A strategy to grow wealth slowly rather than hoping for quick profitability is to move away from our desire to get high profits in investing. So investing in Bitcoin is safest considering all aspects.
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I think it’s important that we share ideas and prepare for the worst. What steps do you take to manage your losses, and how do you recover from them mentally and financially? Let’s exchange thoughts and help each other navigate through the tough times. Please share your approach!
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My plan is basic, review why I lost, where I went wrong, not trade right away, wait and see what happens, it is also better to reflect a lot, write down if necessary, but it is always good to do things in a coherent way, and again trade only when you have a more focused analysis of the current situation or have the most correct vision of the market, the good thing is that the market always gives good entries, no matter how much time passes , the market always gives us entry opportunities and very good entries.
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Well I think we should face focus on how to avoid these big losses although trading may not always go according to our plan it is essential that we establish properly calculated stop loss and should know when to exit a trade
Should also try reducing the amount they are willing to risk on a particular trade
Although they are more but these few points can help.us reduce our loses as traders
Now in a situation where someone has lost a huge amount of money due to one reason or the other and advice I can give will be to take a short break from the market
It may be just a few days or a week but take a break from trading so that you can clear your thoughts then come back when you are ready because the simple truth is that loses are part of the game wetter you like it or not
Well this is just my opinion I'm open to corrections
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My plan is basic, review why I lost, where I went wrong, not trade right away, wait and see what happens, it is also better to reflect a lot, write down if necessary, but it is always good to do things in a coherent way, and again trade only when you have a more focused analysis of the current situation or have the most correct vision of the market, the good thing is that the market always gives good entries, no matter how much time passes , the market always gives us entry opportunities and very good entries.
For me, before reviewing what went wrong, I would have taken a day or two with that big lose and try to get it out of my mind first. And once I'm cleared, then that is the time that I'm going to review and identify my mistakes.
And obviously, we should right it down and that we can go back at it again and not forget about the biggest mistakes that we have done so far. So it's going to be really refreshing to go out first, it's like a reset button for me. And then come back with more vigor and then not let those losses be a hindrance to your success.
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My plan is basic, review why I lost, where I went wrong, not trade right away, wait and see what happens, it is also better to reflect a lot, write down if necessary, but it is always good to do things in a coherent way, and again trade only when you have a more focused analysis of the current situation or have the most correct vision of the market, the good thing is that the market always gives good entries, no matter how much time passes , the market always gives us entry opportunities and very good entries.
For me, before reviewing what went wrong, I would have taken a day or two with that big lose and try to get it out of my mind first. And once I'm cleared, then that is the time that I'm going to review and identify my mistakes.
And obviously, we should right it down and that we can go back at it again and not forget about the biggest mistakes that we have done so far. So it's going to be really refreshing to go out first, it's like a reset button for me. And then come back with more vigor and then not let those losses be a hindrance to your success.
when I experience defeat I will learn where my mistake is and make a new analysis so that no more mistakes occur. We are not always right, sometimes we make mistakes and suffer losses in investing, I often make mistakes when trading but I have my own strategy to keep making a profit with the diversify method.
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For me, before reviewing what went wrong, I would have taken a day or two with that big lose and try to get it out of my mind first. And once I'm cleared, then that is the time that I'm going to review and identify my mistakes.
And obviously, we should right it down and that we can go back at it again and not forget about the biggest mistakes that we have done so far. So it's going to be really refreshing to go out first, it's like a reset button for me. And then come back with more vigor and then not let those losses be a hindrance to your success.
It's a good strategy, if that works for you then welcome, although I take it more relaxed because I start from the fact that losing in trading is something normal, that's the normal thing, however what I don't see well is that the neutral balance should always be positive , and when our balance is more negative and positive I worry because I'm seeing the trading in a way that it shouldn't be seen, and that's something to correct, and sometimes it's not from one day to the next that one Understands it, sometimes I spend weeks to get out of my doubts and try to see the market in the Correct way , because I don't understand it and I don't operate until I have more clarity.
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My plan is basic, review why I lost, where I went wrong, not trade right away, wait and see what happens, it is also better to reflect a lot, write down if necessary, but it is always good to do things in a coherent way, and again trade only when you have a more focused analysis of the current situation or have the most correct vision of the market, the good thing is that the market always gives good entries, no matter how much time passes , the market always gives us entry opportunities and very good entries.
For me, before reviewing what went wrong, I would have taken a day or two with that big lose and try to get it out of my mind first. And once I'm cleared, then that is the time that I'm going to review and identify my mistakes.
And obviously, we should right it down and that we can go back at it again and not forget about the biggest mistakes that we have done so far. So it's going to be really refreshing to go out first, it's like a reset button for me. And then come back with more vigor and then not let those losses be a hindrance to your success.
when I experience defeat I will learn where my mistake is and make a new analysis so that no more mistakes occur. We are not always right, sometimes we make mistakes and suffer losses in investing, I often make mistakes when trading but I have my own strategy to keep making a profit with the diversify method.
Mistake is something constant and no matter how you try to get perfect you can't stop making mistake, you can try to reduce it but can't entirely be eliminated from human because without mistake there will be no correction and without correction there be no mistake as well. That's why people trade and lose money and you would see them make all form of promises to themselves but after that very moment you would see them exclaimed again for there errors and they still keep learning from their mistakes.
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My plan is basic, review why I lost, where I went wrong, not trade right away, wait and see what happens, it is also better to reflect a lot, write down if necessary, but it is always good to do things in a coherent way, and again trade only when you have a more focused analysis of the current situation or have the most correct vision of the market, the good thing is that the market always gives good entries, no matter how much time passes , the market always gives us entry opportunities and very good entries.
For me, before reviewing what went wrong, I would have taken a day or two with that big lose and try to get it out of my mind first. And once I'm cleared, then that is the time that I'm going to review and identify my mistakes.
And obviously, we should right it down and that we can go back at it again and not forget about the biggest mistakes that we have done so far. So it's going to be really refreshing to go out first, it's like a reset button for me. And then come back with more vigor and then not let those losses be a hindrance to your success.
when I experience defeat I will learn where my mistake is and make a new analysis so that no more mistakes occur. We are not always right, sometimes we make mistakes and suffer losses in investing, I often make mistakes when trading but I have my own strategy to keep making a profit with the diversify method.
Mistake is something constant and no matter how you try to get perfect you can't stop making mistake, you can try to reduce it but can't entirely be eliminated from human because without mistake there will be no correction and without correction there be no mistake as well. That's why people trade and lose money and you would see them make all form of promises to themselves but after that very moment you would see them exclaimed again for there errors and they still keep learning from their mistakes.
Agreed, that Mistakes are a necessary part of the learning process, they particularly apply to trading. Though we will try to reduce them, they are inevitable since the market environment is never fully controllable. The important thing is how we get it wrong and the crucial thing is not to do it to ourselves, but to understand what went wrong and to get it right the next time around. Each time, we plan poorly for a particular situation, or the outcome is negative or not what was expected, the better we analyze our strategy, our plans, and our analytical skills. Thus, failing is not an ending, but a step to the winning in trading world, as well as any other field.
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Mistake is something constant and no matter how you try to get perfect you can't stop making mistake, you can try to reduce it but can't entirely be eliminated from human because without mistake there will be no correction and without correction there be no mistake as well. That's why people trade and lose money and you would see them make all form of promises to themselves but after that very moment you would see them exclaimed again for there errors and they still keep learning from their mistakes.
Yes, making many mistakes in a row is what sometimes makes us burn accounts in trading, now I have not burned but I have been very close to that, but there was something that made me react, I don't know if it was because of my wife who told me that it didn't matter if I burned her, that the important thing was to keep insisting, that not everything is done the first time, that you shouldn't give up, if you burn yourself then you deposit again, even if it is with little but keep insisting until you reach the goal, sometimes what we need is not only to learn from mistakes, but that drive, or that desire to do things because we must insist that they are fulfilled.
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Crypto traders should always have a backup investment just Incase your trade goes sideways, we have heard stories of people blowing their trading accounts worth thousands of dollars and having nothing to fall back to because they lack proper planning. When you are stacking up your profits do not spend on Mondane or irrelevant things, focus on investing in other assets both online and physical that can serve as a backup when you lose big in trading. Preparing for it is better than having no plans at all. Always withdraw the profits you make on every trade so you can put it into other things
The idea of going all in in a trade is never advised though it can be profitable sometimes. Infact trying to minimise risks by avoiding that is where the whole smart money concept of a thing is directed towards. Trading can be frustrating sometimes times especially when you have a lot of consecutive losses, sometimes it may probably be that you are making use of the wrong strategy however some other times may just be an emotional factor.
Well the fact is markets can be really volatile sometimes and being able to scale through all those difficult periods of the market is what differentiates different traders. The goal of all traders is actually same although strategies may differ but it's same market.
Trading is very complex and one needs to take much time studying and practicing in order for you to improve yourself. The market is unpredictable and that is where the challenge is, because one wrong move, you will loss all the little profits that you have made in many trades. However, there are still people who are making profit from trading because they have a good strategy to make that happen. Trading is stressful, time consuming and plays with your emotions, making it difficult for everyone. If I loss big in trading, I will switch into investing.
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If I loss big in trading, I will switch into investing.
You don't have to wait till you lose big before starting your investment instead you can do the two side by side and invest more than trading. I think from the experience I have gotten, I don't think there is skill needed in investment but it is big time needed in trading. As as you said, trading need long term training and not to make profit in a very short time. And that why I said those who are involved in trading needs investment as backup so that they would not breakdown when they are on the losing side.
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Trading is very complex and one needs to take much time studying and practicing in order for you to improve yourself. The market is unpredictable and that is where the challenge is, because one wrong move, you will loss all the little profits that you have made in many trades. However, there are still people who are making profit from trading because they have a good strategy to make that happen. Trading is stressful, time consuming and plays with your emotions, making it difficult for everyone. If I loss big in trading, I will switch into investing.
The sincere truth is fif deep down you are not determined enough you won't progress in your trading journey. Trading isn't supposed to be a side hustle rather it's a skill that requires a lot of dedication and determination. Where some persons also get it wrong is taking trading as a side option and literally having a plan B you can easily jump to .
The truth is as a newbie trader you will definitely lose to the market and even most times even more than you get from the market. However gradually you will begin to gain. Experience and notice your flaws if you continue to practice . Trading is more of practice and self experience than being Spoon fed with signals.
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Not that I invest too much, but if I end up investing enough then I would just DCA when it goes lower. I do not invest into unknown tokens or anything like that, but we are going to end up with something much harder at the end, we are going to see this changing for the long term and I believe the best thing to do right now would be just making sure we deal with a profitable situation for the future. Right now, if the price of bitcoin goes to 20k or something, I would just buy a lot, while all those people are selling their coins to drop the price. Which means, I will be in profit when it gets back, which is what I did since 2021 exactly.
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Not that I invest too much, but if I end up investing enough then I would just DCA when it goes lower. I do not invest into unknown tokens or anything like that, but we are going to end up with something much harder at the end, we are going to see this changing for the long term and I believe the best thing to do right now would be just making sure we deal with a profitable situation for the future. Right now, if the price of bitcoin goes to 20k or something, I would just buy a lot, while all those people are selling their coins to drop the price. Which means, I will be in profit when it gets back, which is what I did since 2021 exactly.
Bitcoin will not go down to $20K, because that is something that is impossible to happen unless there is an event that causes a major correction in the crypto market. And not only you, if that happens, I will also buy bitcoin.
I only buy coins that I know and also new coins that I think are potential enough to buy. When I have free time I will do research and study new projects that are likely to have a good future.
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Not that I invest too much, but if I end up investing enough then I would just DCA when it goes lower. I do not invest into unknown tokens or anything like that, but we are going to end up with something much harder at the end, we are going to see this changing for the long term and I believe the best thing to do right now would be just making sure we deal with a profitable situation for the future. Right now, if the price of bitcoin goes to 20k or something, I would just buy a lot, while all those people are selling their coins to drop the price. Which means, I will be in profit when it gets back, which is what I did since 2021 exactly.
Bitcoin will not go down to $20K, because that is something that is impossible to happen unless there is an event that causes a major correction in the crypto market. And not only you, if that happens, I will also buy bitcoin.
I only buy coins that I know and also new coins that I think are potential enough to buy. When I have free time I will do research and study new projects that are likely to have a good future.
BTC in $20k price is just a gold mine of possibilities, but I don't see an event that would put it that low.
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Trading is very complex and one needs to take much time studying and practicing in order for you to improve yourself. The market is unpredictable and that is where the challenge is, because one wrong move, you will loss all the little profits that you have made in many trades. However, there are still people who are making profit from trading because they have a good strategy to make that happen. Trading is stressful, time consuming and plays with your emotions, making it difficult for everyone. If I loss big in trading, I will switch into investing.
The sincere truth is fif deep down you are not determined enough you won't progress in your trading journey. Trading isn't supposed to be a side hustle rather it's a skill that requires a lot of dedication and determination. Where some persons also get it wrong is taking trading as a side option and literally having a plan B you can easily jump to .
The truth is as a newbie trader you will definitely lose to the market and even most times even more than you get from the market. However gradually you will begin to gain. Experience and notice your flaws if you continue to practice . Trading is more of practice and self experience than being Spoon fed with signals.
If we have a lot of time we can focus on trading and not consider trading as a side job, but if we are busy in the real world we cannot always focus on trading, that's why they prefer to be a holder and trade as a side job when they have time. And a professional trader is someone who focuses on trading funds and has good skills in trading.
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If we have a lot of time we can focus on trading and not consider trading as a side job, but if we are busy in the real world we cannot always focus on trading, that's why they prefer to be a holder and trade as a side job when they have time. And a professional trader is someone who focuses on trading funds and has good skills in trading.
Trading in cryptocurrency not required full monitoring around 24 hours every day, make as side job its worth to avoid if can't earn profitable consisteny every day and I don't think problem if have few hours only for checking the market price. Although I fully online but just few hours checking the market and my position have been buy order and when filling directly put selling order set up based on how much profit I want.
Its not take more longer time checking the market after my buy and sell order filled just opening the market and looking have been filled or not before opening new order.
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If we have a lot of time we can focus on trading and not consider trading as a side job, but if we are busy in the real world we cannot always focus on trading, that's why they prefer to be a holder and trade as a side job when they have time. And a professional trader is someone who focuses on trading funds and has good skills in trading.
The truth is it would be really difficult for you to progress fast in trading and honing your skills if you actually don't take trading as a full time thing. Check and take a good look at the majority of successful traders out there they literally took trading as their full time skill thats why their success was that massive.
The bare truth is you can never become a trading icon by copy trading alone. Infact you can't make more profit in a trade than the person who generates the trading signals for you simply because it's their trade and they understand it more and knows what's best to stake and the total risk involved.
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Each time, we plan poorly for a particular situation, or the outcome is negative or not what was expected, the better we analyze our strategy, our plans, and our analytical skills. Thus, failing is not an ending, but a step to the winning in trading world, as well as any other field.
Yes, plans are the fundamental thing in all of this, when we enter the world of trading, or investment, but to be much more cautious with trading, things are very volatile, sometimes we have profits, losses, but there is something that should not be lost, and that is to always maintain our account with a positive balance, we will realize that we are doing things right when our balance is positive, it does not matter if it is always lost and when we are having results that indicate that we are being somewhat profitable , no matter how little, then that is what is sought.
Yes, you are right about that, I can say that things are necessarily compatible in everything when you have the necessary discipline to do any kind of thing, in investing, traders, everyone has to have a lot of discipline, yes, patience is good, sometimes it is bad when we are anxious, but everything is a learning experience, I think that in terms of money we must learn quickly because if not, things are going to turn ugly because money is only what we will lose and if we are careless we not only lose money but also self-esteem, confidence, there are many things that this can entail.
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If we have a lot of time we can focus on trading and not consider trading as a side job, but if we are busy in the real world we cannot always focus on trading, that's why they prefer to be a holder and trade as a side job when they have time. And a professional trader is someone who focuses on trading funds and has good skills in trading.
The truth is it would be really difficult for you to progress fast in trading and honing your skills if you actually don't take trading as a full time thing. Check and take a good look at the majority of successful traders out there they literally took trading as their full time skill thats why their success was that massive.
The bare truth is you can never become a trading icon by copy trading alone. Infact you can't make more profit in a trade than the person who generates the trading signals for you simply because it's their trade and they understand it more and knows what's best to stake and the total risk involved.
Totally agree.
You can try and copy somebody, but that wouldn't make you better.
Not if you don't do something for yourself as well in the mean time.
Better yet hone your own strat. An own path.
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If we have a lot of time we can focus on trading and not consider trading as a side job, but if we are busy in the real world we cannot always focus on trading, that's why they prefer to be a holder and trade as a side job when they have time. And a professional trader is someone who focuses on trading funds and has good skills in trading.
The truth is it would be really difficult for you to progress fast in trading and honing your skills if you actually don't take trading as a full time thing. Check and take a good look at the majority of successful traders out there they literally took trading as their full time skill thats why their success was that massive.
The bare truth is you can never become a trading icon by copy trading alone. Infact you can't make more profit in a trade than the person who generates the trading signals for you simply because it's their trade and they understand it more and knows what's best to stake and the total risk involved.
Totally agree.
You can try and copy somebody, but that wouldn't make you better.
Not if you don't do something for yourself as well in the mean time.
Better yet hone your own strat. An own path.
Totally depends on a certain individual on which there would really be those people who do really wants to have that kind of progress in terms of their trading skills.
There are ones who would really be liking that they do just simply sit down and wait up for their profits while they are following someone but just like on what you have
said that you wont really be able to learn something from it in compared into those individuals who do really make out some manual trades on which sooner or later
as they do make out such engagement, they do hone up their skills on which it would really be that beneficial in the future.
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Totally depends on a certain individual on which there would really be those people who do really wants to have that kind of progress in terms of their trading skills.
There are ones who would really be liking that they do just simply sit down and wait up for their profits while they are following someone but just like on what you have
said that you wont really be able to learn something from it in compared into those individuals who do really make out some manual trades on which sooner or later
as they do make out such engagement, they do hone up their skills on which it would really be that beneficial in the future.
We should not depend on others in investing and trading, we should do our own research and analysis. because if we have our own knowledge and skills we can maximize the profit we get by learning from the mistakes we make and trying to fix them. experience is very much needed so doing it yourself is better than following others.
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We should not depend on others in investing and trading, we should do our own research and analysis. because if we have our own knowledge and skills we can maximize the profit we get by learning from the mistakes we make and trying to fix them. experience is very much needed so doing it yourself is better than following others.
Your trading is your own responsibility, so it will not depend on anyone else. Therefore, basic knowledge is needed before trading.
But even so, I myself am also open to some suggestions from others and some predictions on technical and fundamental issues that we can learn again.
It is not to shut down from other people's suggestions because we will also not be completely right.
Perhaps doing some of the necessary evaluations is necessary to develop our trading knowledge.
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Totally depends on a certain individual on which there would really be those people who do really wants to have that kind of progress in terms of their trading skills.
There are ones who would really be liking that they do just simply sit down and wait up for their profits while they are following someone but just like on what you have
said that you wont really be able to learn something from it in compared into those individuals who do really make out some manual trades on which sooner or later
as they do make out such engagement, they do hone up their skills on which it would really be that beneficial in the future.
We should not depend on others in investing and trading, we should do our own research and analysis. because if we have our own knowledge and skills we can maximize the profit we get by learning from the mistakes we make and trying to fix them. experience is very much needed so doing it yourself is better than following others.
I don't think it's right to depend on others for trading. Because if you don't have your own experience and idea about trading, you can never do anything good. So we have to start trading with our own thinking. Nothing can be learned. Whenever you start trading depending on others, nothing good seems to be gained, so I think it is better to think and trade by yourself. Trading requires experience. If one does not have experience, he will never trade. You will not get profit from it but will face loss.
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Totally depends on a certain individual on which there would really be those people who do really wants to have that kind of progress in terms of their trading skills.
There are ones who would really be liking that they do just simply sit down and wait up for their profits while they are following someone but just like on what you have
said that you wont really be able to learn something from it in compared into those individuals who do really make out some manual trades on which sooner or later
as they do make out such engagement, they do hone up their skills on which it would really be that beneficial in the future.
We should not depend on others in investing and trading, we should do our own research and analysis. because if we have our own knowledge and skills we can maximize the profit we get by learning from the mistakes we make and trying to fix them. experience is very much needed so doing it yourself is better than following others.
I don't think it's right to depend on others for trading. Because if you don't have your own experience and idea about trading, you can never do anything good. So we have to start trading with our own thinking. Nothing can be learned. Whenever you start trading depending on others, nothing good seems to be gained, so I think it is better to think and trade by yourself. Trading requires experience. If one does not have experience, he will never trade. You will not get profit from it but will face loss.
I support you there.
Either way, when this person is gone, what would you be able to do in this case? Not much - and you want to be self-sufficient as much as possible in the market.
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I think beginners in crypto trading should start small. So that they can overcome the loss very easily. From my point of view, I would say that no one can ever succeed in anything without taking risks. So considering the possibility of losing, one should not lose patience with crypto trading. If you can get the right idea in crypto trading then it is definitely possible for you to reach the pinnacle of success.
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I think beginners in crypto trading should start small. So that they can overcome the loss very easily. From my point of view, I would say that no one can ever succeed in anything without taking risks. So considering the possibility of losing, one should not lose patience with crypto trading. If you can get the right idea in crypto trading then it is definitely possible for you to reach the pinnacle of success.
The application of small steps in the aspect of crypto trading is wise since it helps the trader to build a base of understanding as well as experience risk management at the same time. Periodically, we will gain more experience in how best to manage the game plan in a fluctuating market so when the worst comes to the worst we are better placed to handle it . Thus, using crypto trading strategies can be compared to a combination of persistence and keeping one’s head when all the rules change and constantly learning from each attempt. Risk is a companion of Life and it is wise if approached with a positive mindset and a synthesizing mentality we can exchange what might be loss, with gain and triumph.
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I cant even wait till when that comes to happen, why should i risk losing as much as the amount which i cant afford to lose, trading should be done with caution and we should always be well prepared in having anything that may comes after that, whenever i experience lose on my trades, what i do next is to ensure i work more harder to secure the future reoccurence by learning from the present experience.
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I cant even wait till when that comes to happen, why should i risk losing as much as the amount which i cant afford to lose, trading should be done with caution and we should always be well prepared in having anything that may comes after that, whenever i experience lose on my trades, what i do next is to ensure i work more harder to secure the future reoccurence by learning from the present experience.
Every time I experience a loss in trading, I will make it a lesson and start to improve my analysis and predictions until I can get maximum profit because the mistakes I have made will be a bitter experience that I promise I will never repeat again.
In trading, risk management is needed, so that we can minimize existing risks and maximize profits.
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The application of small steps in the aspect of crypto trading is wise since it helps the trader to build a base of understanding as well as experience risk management at the same time. Periodically, we will gain more experience in how best to manage the game plan in a fluctuating market so when the worst comes to the worst we are better placed to handle it . Thus, using crypto trading strategies can be compared to a combination of persistence and keeping one’s head when all the rules change and constantly learning from each attempt. Risk is a companion of Life and it is wise if approached with a positive mindset and a synthesizing mentality we can exchange what might be loss, with gain and triumph.
I completely agree starting small in crypto trading is good decision. It helps traders learn and manage risks. As traders gain experience they will become better at handling unpredictable market. They will be ready for any challenges. Crypto trading requires patience and flexibility and constant learning. Viewing risks positively and thinking critically can turn losses into opportunities. This thing works beyond crypto trading. Entering in challenges and learning from mistakes helps us grow personally and professionally.
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I cant even wait till when that comes to happen, why should i risk losing as much as the amount which i cant afford to lose, trading should be done with caution and we should always be well prepared in having anything that may comes after that, whenever i experience lose on my trades, what i do next is to ensure i work more harder to secure the future reoccurence by learning from the present experience.
Every time I experience a loss in trading, I will make it a lesson and start to improve my analysis and predictions until I can get maximum profit because the mistakes I have made will be a bitter experience that I promise I will never repeat again.
In trading, risk management is needed, so that we can minimize existing risks and maximize profits.
The most important thing is that you learn, you don't argue with the market, but gently put your emotions aside afterward and try things differently.
This behavior can only be applauded.
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Every time I experience a loss in trading, I will make it a lesson and start to improve my analysis and predictions until I can get maximum profit because the mistakes I have made will be a bitter experience that I promise I will never repeat again.
In trading, risk management is needed, so that we can minimize existing risks and maximize profits.
Risk management, capital management and how to regulate our psychology to make the right decisions when trading.
Crypto trading is quite complex and there is a lot to learn.
And Fundamentals will also be influential for trading, so when there is a lot of bad news it is not good for crypto and when there is a lot of positive news it will be good for crypto up.
Learning from every mistake and starting to improve yourself is indeed what must be done,
in order to make the trading experience better and can be profitable.
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The most important thing is that you learn, you don't argue with the market, but gently put your emotions aside afterward and try things differently.
Don't argue with market? Sure, we must follow the trend in the market. We don't try to decide something opposite with the fact in the market. Regarding emotion, everyone must have good emotion control. There is no way to succeed if we can't control our emotion. A trader must have the ability of emotion control and money management. These are 2 crucial things in trading, this really have a big role in determining our success.
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The most important thing is that you learn, you don't argue with the market, but gently put your emotions aside afterward and try things differently.
Don't argue with market? Sure, we must follow the trend in the market. We don't try to decide something opposite with the fact in the market. Regarding emotion, everyone must have good emotion control. There is no way to succeed if we can't control our emotion. A trader must have the ability of emotion control and money management. These are 2 crucial things in trading, this really have a big role in determining our success.
Market orientation always makes sense because the market itself follows certain dynamics that are frequently unpredictable for the majority of participants. Again, the greatest control in trading is very much within our sphere of influence- in how we behave to the dynamics of the market. That is where one is able to control the fear and greed as well as the discipline of good capital greatly contributing to the final outcome. When strategy is compounded with self control, we shall be in a vantage position to make sound decisions that are free from bias circumstance and emotion and make resultant trades with precision as planned.
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The most important thing is that you learn, you don't argue with the market, but gently put your emotions aside afterward and try things differently.
Don't argue with market? Sure, we must follow the trend in the market. We don't try to decide something opposite with the fact in the market. Regarding emotion, everyone must have good emotion control. There is no way to succeed if we can't control our emotion. A trader must have the ability of emotion control and money management. These are 2 crucial things in trading, this really have a big role in determining our success.
Market orientation always makes sense because the market itself follows certain dynamics that are frequently unpredictable for the majority of participants. Again, the greatest control in trading is very much within our sphere of influence- in how we behave to the dynamics of the market. That is where one is able to control the fear and greed as well as the discipline of good capital greatly contributing to the final outcome. When strategy is compounded with self control, we shall be in a vantage position to make sound decisions that are free from bias circumstance and emotion and make resultant trades with precision as planned.
when you are just in the spot market, you don't really lose big in trading but when you lost a large amount of money in crypto trading then most probably the trader is on futures market. self control in this sort of market can be hard to control really. sometimes they tend to just enter into a position without even realizing why.
if i lost in futures market, i might stop and stick to where its less risky trading strategy. that's gonna be a plan and just stock up satoshis til bull run.
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The most important thing is that you learn, you don't argue with the market, but gently put your emotions aside afterward and try things differently.
Don't argue with market? Sure, we must follow the trend in the market. We don't try to decide something opposite with the fact in the market. Regarding emotion, everyone must have good emotion control. There is no way to succeed if we can't control our emotion. A trader must have the ability of emotion control and money management. These are 2 crucial things in trading, this really have a big role in determining our success.
Market orientation always makes sense because the market itself follows certain dynamics that are frequently unpredictable for the majority of participants. Again, the greatest control in trading is very much within our sphere of influence- in how we behave to the dynamics of the market. That is where one is able to control the fear and greed as well as the discipline of good capital greatly contributing to the final outcome. When strategy is compounded with self control, we shall be in a vantage position to make sound decisions that are free from bias circumstance and emotion and make resultant trades with precision as planned.
when you are just in the spot market, you don't really lose big in trading but when you lost a large amount of money in crypto trading then most probably the trader is on futures market. self control in this sort of market can be hard to control really. sometimes they tend to just enter into a position without even realizing why.
if i lost in futures market, i might stop and stick to where its less risky trading strategy. that's gonna be a plan and just stock up satoshis til bull run.
While, in the spot market, the losses cannot be enormous, the future market is more attractive to risks as many people who have trading in cryptocurrencies know very well. There is no self-control in this futures market because greed to open the position without analyzing the market often looks like. If it is the case, then the measure to take would be to either move out of this cycle which is bearing high level of risk, but offer much safer, and hold then until the bullish run appears again for storage of satoshis.
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While, in the spot market, the losses cannot be enormous, the future market is more attractive to risks as many people who have trading in cryptocurrencies know very well. There is no self-control in this futures market because greed to open the position without analyzing the market often looks like. If it is the case, then the measure to take would be to either move out of this cycle which is bearing high level of risk, but offer much safer, and hold then until the bullish run appears again for storage of satoshis.
For me, futures trading is quite challenging, we have to consider many things, trading is much faster, the fundamentals change and that is something we must consider, personally I am a person who will always have as a base the most important things such as study, until now I have not dared to trade futures, I am only with forex and binary options, but I know that by learning to operate there I can do better in futures, futures is not gambling, it is risky and also delicate, that is what should always be considered.
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We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?
Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.
Trading platform should always trade with small risk Trading platform should never trade with large risk. Losses are normal in trading platforms, so trading should always be done keeping in mind the loss. I always trade my money in three to four parts on the trading platform. I never buy and sell the entire balance at once while trading. And even though I make losses on my trading platform, I trade in a small range due to which I can control myself very easily. So I always say that while trading it is better not to use too much money but to use an amount that you don't regret losing.
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Trading platform should always trade with small risk Trading platform should never trade with large risk. Losses are normal in trading platforms, so trading should always be done keeping in mind the loss. I always trade my money in three to four parts on the trading platform. I never buy and sell the entire balance at once while trading. And even though I make losses on my trading platform, I trade in a small range due to which I can control myself very easily. So I always say that while trading it is better not to use too much money but to use an amount that you don't regret losing.
In trading as businessmen, it will be very important to always make sure that the loss is small and that loss is alwas part in the equation. You know the divided partition of capital enables us not to lose huge amounts of money at once doing which makes us calm when dealing with fluctuations.
Therefore, the only way to keep any form or type or degree of control is to very well set our limits when using the funds and keep on saying to our selves that the amount will not make us regret if lost. This principle makes us be rational and disciplined when addressing each trading outcome.
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- We all know that in trading we cannot face losses, and that is normal for an individual trader as long as we don't always lose. Because it will appear that we are not improving in the learning we do in the trading activity we do in the crypto space.
So if we lose, let's face it, then move on, and let's use our defeat to enhance our trading skills even more in our trading activity, right? That's the only basic thing that we should not forget as traders.
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We all know that in trading we cannot face losses, and that is normal for an individual trader as long as we don't always lose. Because it will appear that we are not improving in the learning we do in the trading activity we do in the crypto space.
So if we lose, let's face it, then move on, and let's use our defeat to enhance our trading skills even more in our trading activity, right? That's the only basic thing that we should not forget as traders.
Repeated defeats do not mean that we do not improvise, but sometimes market movements are beyond our control, so even though we have improvised in such a way, it does not guarantee that we will win in trading continuously...
If we lose completely, there is no more money to trade, meaning there is no more learning that we can do... it takes a long time to recover and some people will even feel traumatized so they are afraid to trade again.
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Only one plan is good for all trader is take rest for few days and come back with confidence and patience bcz in trading or investing mind set is more important while do trading.
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We all know that in trading we cannot face losses, and that is normal for an individual trader as long as we don't always lose. Because it will appear that we are not improving in the learning we do in the trading activity we do in the crypto space.
So if we lose, let's face it, then move on, and let's use our defeat to enhance our trading skills even more in our trading activity, right? That's the only basic thing that we should not forget as traders.
Repeated defeats do not mean that we do not improvise, but sometimes market movements are beyond our control, so even though we have improvised in such a way, it does not guarantee that we will win in trading continuously...
If we lose completely, there is no more money to trade, meaning there is no more learning that we can do... it takes a long time to recover and some people will even feel traumatized so they are afraid to trade again.
If we experience repeated losses and have made improvements to the strategy, we should take a break and wait, because I agree with you that the market is likely out of our control or maybe our analysis and strategy are not quite right, because trading requires experience.
I have also experienced this and I decided to stop and wait until the market improves again, because if I continue and experience defeat, there is a possibility of trauma and laziness to return to trading.
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We all know that in trading we cannot face losses, and that is normal for an individual trader as long as we don't always lose. Because it will appear that we are not improving in the learning we do in the trading activity we do in the crypto space.
So if we lose, let's face it, then move on, and let's use our defeat to enhance our trading skills even more in our trading activity, right? That's the only basic thing that we should not forget as traders.
Repeated defeats do not mean that we do not improvise, but sometimes market movements are beyond our control, so even though we have improvised in such a way, it does not guarantee that we will win in trading continuously...
If we lose completely, there is no more money to trade, meaning there is no more learning that we can do... it takes a long time to recover and some people will even feel traumatized so they are afraid to trade again.
If we experience repeated losses and have made improvements to the strategy, we should take a break and wait, because I agree with you that the market is likely out of our control or maybe our analysis and strategy are not quite right, because trading requires experience.
I have also experienced this and I decided to stop and wait until the market improves again, because if I continue and experience defeat, there is a possibility of trauma and laziness to return to trading.
That is so true that living through failures is truly a moment to take a break, to cool down and look at the strategies that have been employed. This assists us in maintaining balance and to ensure that we are not caught off guard, and thus are ready to counter the forces of the market a lot better should the situation lessen in intensity.
In fact I have also felt that way to do so more often and they do not get emotionally influenced to take a break. Until now, I still use hodl in several assets that I own. In that way, we can be much more confident and cheerful to meet lot of new challenges without thinking about the failures that we had in the past.