What Are Your Loss Control Strategies?

[Crypto Fella]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?

[Charles-Tim]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

This is how future trading is. You can either lose at first or be deceived with some winnings. In fact, you can double the money and think that you are an expert trader already until you will lose. This is common while using high leverage or trading very volatile coins. Try and choose better coins and be using low leverage. If possible that you should not use leverage at all, do not use it.

It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?

I lost in future trading than making profit. But I know my mistakes like high leverage and sometimes trading very volatile coins. Try 1x and see if there would be a difference. Be using the amount of money that you can afford to lose for trading.

[snowpega]

<snip>

Dear, i have never taken any trade in futures trading as it has a high risk to the funds as compared to the spot holdings or spot trading. I have taken trades in spot wallet and done some spot holding for the long term, so i can only share my plan for the spot wallet, and i hope you will not mind if i share my plan of spot. I do not invest all the amount at the single project; i divide it into some projects and invest my amount equally in different projects. if in case, one project crashes, the value of the other one can be gained as well, so this is also called risk management.

Here in the crypto space, risk management is a very important part to consider before investing in any of the projects. If one is neglecting risk management and also a newbie, he/she has to face some losses in trading at initial stage so that is why risk management is most important part to consider at first before you go ahead. DYOR!

[|MINER|]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?

As you already mentioned that you have done the future trade with the emotions and that is the main cause for your loss, in generally I am not a future trader I just do spot trading and in my case all the time I have use the DCA method for long term strategy and that makes my loss control strategies. And the other thing I have some control currently when I did spot trading, and also use the stop loss trading features maybe that can be also work for you. But the first day you have to bring control in yourself.

[milewilda]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?

As you already mentioned that you have done the future trade with the emotions and that is the main cause for your loss, in generally I am not a future trader I just do spot trading and in my case all the time I have use the DCA method for long term strategy and that makes my loss control strategies. And the other thing I have some control currently when I did spot trading, and also use the stop loss trading features maybe that can be also work for you. But the first day you have to bring control in yourself.

When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.

[bayu7adi]

The recovery process sometimes takes different times, depending on how quickly we get money and how much money we spend in trading... futures trading does provide an attractive offer, because we can use high leverage to increase our profits... and this It is clear that many people become greedy when they get high profits in the world of futures trading... and actually that is the starting point of failure until the assets they have run out.

The way to recover is of course by studying our respective risk profiles and adjusting our investment style or trading style to make it even safer.

[Wiwo]

This is the normal realities with future trading or derivative trading there is no much difference between them and gambling because at first you got thrown the sweet piece of winning and profits,  there after your greed set in and take control of your emotions there by leading you to lose everything,  this is what it is when you can't be satisfied with amount of winning that comes in your first trade, I think almost all newbie traders experience this sad realities,  and high leverage ks one of the major causes of frequent loses on those trades.

Between,  there is a need to get your emotions under control first before you set out to trade and also make sure to chose the right coin to trade with at least coins that you have adequate information on it market movement.

[Captain Corporate]

When you are a long term, you don't need any. I don't have "losses", I have "need to wait a bit more I guess" periods, that's it. Have I never sold when I am at a loss? Of course I have, and that's fine, you could always have those days. However, I usually don't sell and just wait, so it makes a lot more sense instead. This allows me to just wait and wait, and eventually, I end up with the price going back up, and me in profit yet again. This should be the situation as far as I can see, and from what people are talking about, long term has been great for many of them as well. Just do that, and you should be fine.

[sampoerna]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

Commonly, experiences teach many things. Finally, you can get the points from the experience. So did I at that time. But, finally, I decided to stop trading future, too stressful although I did it only few times.

Well, for me, some ways to implement the trading to be conducted as expected and under-controlled as always, it is by Using the settings of Stop Loss and Take profit feature. These two features are quite helpful in overcoming all panic selling and excessive greed which can actually cause us to suffer big losses because we are too greedy. especially in future trading, SL/TP is something I have to do. although this is not that easy to analyze and carry out.

Actually, there is also a kind of strategy used in trading future done by some traders. My friend once said about it but I never continue it.

It's about using the hedging feature (hedge mode) provided in certain exchange if any.
This is also one way to manage risk, apart from SL/TP. This combination might work much better.
Check this to get more:
Managing Risks With Hedge Mode in Crypto Futures Trading

[famososMuertos]

I could remember trying something new with my trades back then. I challenged myself to try futures trading and be consistent with my profits, I tried with less than a $100 account and was able to make some decent profits, but greed as they said, made me lose everything to volatility and I was back to zero because after I saw the profit, I saw a little loss and i wanted to recover it at all costs and while I didn't use a stop loss, I traded with my emotion and before you know it, everything was gone.

It's a day to learn the hard way for me and I do wish that futures trading platforms would develop something to help people like me get back on their feet then because it took me a whole lot to get back on my feet both psychologically and account wise, because if it was a spot trading, at least I would have the asset to hold on to till it rises, so I would like to ask how do you guys control your loss and, most importantly, recover from it to continue trading?

Well, it all has to do with the ability you have to assume what you can lose, that is, one understands that if your initial investment is $100, you must understand that a return of 0% and - 100% is feasible, but it should not affect you, because it maintains a minimum investment ratio of 1:100.

Sometimes it is difficult to explain in a few words, how to tell people like you who ask something as basic as: "control losses." When in reality, it is a number that is part of the total of your movements, positive and negative, which after a net-gross return, define your profit.

[yhiaali3]

Well, as you mentioned, this loss will be the greatest lesson for you. Harsh experiences and losses are the greatest teacher, provided that the trader benefits from them in avoiding his mistakes and developing his skills.

As for the exchanges, I don't think they are much interested in developing mechanisms to help people who suffer losses in futures trading get back on their feet, why would they do that? They win whether you lose or win so why bother.

You mentioned a very important point, which is that if it is spot trading, you can keep the asset until it rises, and this is the basic difference between spot trading and futures contracts, so I always advise using spot trading.

[|MINER|]

When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.

True I have seen lots of people like this those are think that trading is a quick rich scheme. And because of this greed they are more attracted towards futures trading. Besides that, there are various Scammers groups who claim to give trade signals and take subscription money from people.
 In fact, they show good signals twice and in most cases traders face losses due to trading by following such signals. There have been several times like this in the following cases, especially in the beginning, when I could not trade by myself, I used to trade by seeing signals from friends and different groups, and most of the trading was at a loss. And so, due to not being good at technical analysis, I currently do very little short-term or future trading. Now we are continuing bitcoin adoption by following Long-term DCA method.

[$crypto$]

You mentioned a very important point, which is that if it is spot trading, you can keep the asset until it rises, and this is the basic difference between spot trading and futures contracts, so I always advise using spot trading.

For people who are not ready, spot trading is more recommended, because when it goes down they only need to hold until the price stabilizes again and turns profitable. However, this is also done on coins that do have potential, not like memecoins for example.

Meanwhile, in futures trading, they will lose when they feel a loss and it cannot be held as we wish, because price movements determine everything. Indeed, stop loss is one way, but it is clear that we experience losses there.

[snowpega]

<snip>

Dear, this is why we should risk with only the money we can bear in form of losses, I always avoid feature trading due to some my personal preference. Feature trading is more risky for the newbie as they don't have any information how it work or how to make money out of it. They just set high leverage to check their luck and have to face big loses.

On the other hand, dear, if we talk about greed, it is common behaviour of the human that we all fall prey sometime in crypto space so it is better for us to have control on our greedy emotion to become a successful trader. I have done trading in spot i booked my profits according to my plan, and then i take exit from the market. After all that, i have no repentance even if the if the market goes up because i had already achieved my goals.

[milewilda]

When dealing up with futures trading then this is something that will really be just that depending on someones trading capabilities or skills on which i could say that even if you do consider yourself that being good when it comes to spot trading doesnt mean that you would really be able to handle out on doing futures trading. Emotions and psychological aspect is something that you would really be able to mainly encounter when dealing up with high leverage trades on which it could also be considered to be that gambling sometimes when you are
dealing with high leverage.

True I have seen lots of people like this those are think that trading is a quick rich scheme. And because of this greed they are more attracted towards futures trading. Besides that, there are various Scammers groups who claim to give trade signals and take subscription money from people.
 In fact, they show good signals twice and in most cases traders face losses due to trading by following such signals. There have been several times like this in the following cases, especially in the beginning, when I could not trade by myself, I used to trade by seeing signals from friends and different groups, and most of the trading was at a loss. And so, due to not being good at technical analysis, I currently do very little short-term or future trading. Now we are continuing bitcoin adoption by following Long-term DCA method.

For those who do have those kind of approach then sooner or later they would really be able to realize on whats the real deal on the moment that you would really be able to experience on the moment that you would really be stepping your foot into this volatile market. You should really be watching yourself about on those risks and would really be having that kind of management
on the moment that you would really be touching up this space. It isnt simple but doesnt mean that you cant really be able to have such advantage. You are the ones who would
really be making out such adjustment on the moment that you've seen that you are engaging into it.