What is your plan when you lose big in crypto trading?

[nakmantu99]

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.

[MRY]

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.