What Are Your Loss Control Strategies?

[Hamza2424]

On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.

On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.

[EluguHcman]

To me you can only control your lost when you have a review of your pasts and figures out your lapses.
Then the reality actualization is diligently trying a new system such as diversifications with adequate research and to authenticate the system you are interested about is legit with the potentials of offering profits.
And then also, stay tuned to financial management.

[LogitechMouse]

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

I knew it. I knew that it's not only me who's experiencing that thing but there are many more out there.
Anyway, it's the complete same experience as you are. That's what I also felt. Made some profits, traded, and completely forgot to put a stop-loss. Even though I lost so many times in trading already, I always let my emotions get me hence, I already stop it to prevent further losses.

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

The exchange doesn't care about what you feel, and it's the same with the market. Nobody cares about your feelings except for yourself hence, they will not help you like what you want to do because after all, it's your decision to trade, and not them. It's your responsibility and not them, so why they will need to help you?

How do I control my losses? I'm only putting an amount in trading where I'm ok if I lose it all. How to recover and continue trading? I guess sometimes, we need to stop at some things especially if we aren't getting any benefit from it and that includes trading.

[Jamal Aezaz]

On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.

On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.

I will suggest that you don't trade if you don't know about it so you will not lose but we cannot say that never trade because if you know well about it and have knowledge then trading will be more profitable for you so one should not avoid trading if he has both the facilities of having money and knowledge.

Market conditions also have some impacts on the growth of your money therefore first visualize the market and know what conditions are suitable for making profit so you will not lose too much money. Choosing a coin also matters a lot therefore when you choose any coin then it will describe whether your trade will be successful or not so be careful at every step towards your goals.

[$crypto$]

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

The exchange doesn't care about what you feel, and it's the same with the market. Nobody cares about your feelings except for yourself hence, they will not help you like what you want to do because after all, it's your decision to trade, and not them. It's your responsibility and not them, so why they will need to help you?

How do I control my losses? I'm only putting an amount in trading where I'm ok if I lose it all. How to recover and continue trading? I guess sometimes, we need to stop at some things especially if we aren't getting any benefit from it and that includes trading.

What you say is very right, they don't care about how we feel when we make a profit or when we lose, because they themselves issue futures trading so they can make a profit too.

It comes back to ourselves because we are the ones who feel everything. So we have to be able to understand trading as best as possible, because if we make a profit we won't care about them (the platform), right? So why do we have to depend on them when we are at a loss and suggest that they can help us.

[famososMuertos]

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It is like that, but recommending going to Spot is not the solution, I say if what they both mention in their posts is true, but that does not exempt you from the losses, they are always there even if it is in Spot.

They are different risks, which have losses in common, but, I repeat, that does not mean that you have control over your losses, which is OP's objective issue. Losses cannot be controlled,(well, yes, no) it is an intrinsic issue in investments and there is always a bad approach to that idea, that is, if you lose $1000 (-) it is neither bad nor good, it are losses, yeah, it is obvious, so how do you improve them, with a return of +$1001.

That is, you must know the loss margins to be able to make profits at the end of the month. That's a simply strategy.

Changing to spot is a measure to return to another type of losses, and therefore another type of strategy, which is not easier or more difficult, but is the one that adapts to your finances, and/or individuals. (imo)

[Charles-Tim]

On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.

What if the person hold a coin and the coin dropped 5 time in just 2 weeks or more? We should be careful of the coins that we hold. Bear time is not good for holders at times, especially if it is altcoins.

Holding or trading will depends on individual's choice. But trading is very risky than holding. They both have different approaches. Also in trading, little amount of money is enough. Example is if you have 100% of your money, if 25% can go into holding, just 5% is enough for trading.

[pieppiep]

On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.

What if the person hold a coin and the coin dropped 5 time in just 2 weeks or more? We should be careful of the coins that we hold. Bear time is not good for holders at times, especially if it is altcoins.

Holding or trading will depends on individual's choice. But trading is very risky than holding. They both have different approaches. Also in trading, little amount of money is enough. Example is if you have 100% of your money, if 25% can go into holding, just 5% is enough for trading.

When the person buys a coin and after that the price drops very deeply as you said then we can make that an important lesson not to buy coins that have no potential. We have to do a deeper analysis of whether the project they are developing is very useful for society or not. After all, it's not just altcoins that have that potential, even Bitcoin also has the potential to fall as deeply as it did a few months ago.

[Vx1]

Experiencing losses in crypto trading is something that is a risk for a cryptocurrency trader, we cannot avoid it. However, we can minimize the losses we experience by setting a price limit, maybe that way we will be able to minimize the losses we will suffer.  For example, when we buy coins.
So we have to have guidelines, for example if the price of the coin we bought has fallen by 20%.  So we have to immediately cut losses, so that the losses we suffer are not too deep.

[jeraldskie11]

Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.

[Sarionadukecom]

On a funny note, just don't trade, you won't lose, buy and hold your best to avoid serious losses.

On a serious note, using tight stop loss in the volatile market and, not daring against the trend, most of the time when the market behaves un-natural as it was a couple of weeks ago, where maximum traders open their high leverage long trades it was super unnatural, and the market punished them. So keep it simple avoid trades in such scenarios.

I will suggest that you don't trade if you don't know about it so you will not lose but we cannot say that never trade because if you know well about it and have knowledge then trading will be more profitable for you so one should not avoid trading if he has both the facilities of having money and knowledge.

Market conditions also have some impacts on the growth of your money therefore first visualize the market and know what conditions are suitable for making profit so you will not lose too much money. Choosing a coin also matters a lot therefore when you choose any coin then it will describe whether your trade will be successful or not so be careful at every step towards your goals.

Especially stop losses.. these days SL have been saving me a lot because of the volatility in the market.. just yesterday I placed a short on SOL using the futures bonus I got from Bitget... as a first time futures trader. Luckily I'm in profits now. I had to be patient though. So I'll say that plays a key role too..

[MrSpasybo]

Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.

Stop-loss is the first thing that many traders learn when they enter this market, but they need more time and experience to really understand its value and apply it regularly to protect their capital and profits throughout their trading career.

I myself have also experienced the complex feeling of deciding to place a stop-loss. And to be honest, I don't currently place stop-losses on my portfolio because I'm afraid I'll sell right at the bottom before the market officially recovers and starts growing again. Anyway, it's easier said than done, and account management is not easy even for me - who has been in the crypto market for 7 years.

[jeraldskie11]

Honestly, average traders at their first stage of their journey they encountered losses. But we don't have the same reason why we lose in trading, some are just because don't have a trading plan, don't have a risk management, or emotional trading. The thing that I've understand in your post on why you keep get liquidated all your port is not only because of your emotion but also not putting a stop loss. We should always put stop-loss in trading at all cost and this is what we call risk management.

Stop-loss is the first thing that many traders learn when they enter this market, but they need more time and experience to really understand its value and apply it regularly to protect their capital and profits throughout their trading career.

I myself have also experienced the complex feeling of deciding to place a stop-loss. And to be honest, I don't currently place stop-losses on my portfolio because I'm afraid I'll sell right at the bottom before the market officially recovers and starts growing again. Anyway, it's easier said than done, and account management is not easy even for me - who has been in the crypto market for 7 years.

Yeah, I agree. The risk management should be the first thing to do and should not be forgotten because this is the only key to extend your trading experience in live trading, it also helps you not to be destroyed emotionally as it cause greediness in trading that will make us to trade blindly which only result an additional losses. Demo trading is different from live trading because there's no emotion involve without using real money.

[Faisal2202]

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

I think passing through this phase is permanent because as far as I saw every single person has faced this phase of future trading including me. I also have the same mentality of recovering the small lose and as a result end up losing it all. I mostly lost money due to my greed for earning more. I did not trade in the future for too long maybe 2 to 4 months max.

But it gave me a lesson that it is not for me, but I did learn some tips till now that we should set some stop loss, and take profit. We should have some plan for how much profit we want to make, and in how much time. If the plan is a success then follow it instead of being more greedy. SL is the biggest factor that we all should follow. If you lost, give yourself some time. But we guys learn it the hard ways I guess its inevitable haha. just like thanos said haha.

[famososMuertos]

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Having control over strategies does not exempt you from losses.
There is a simple fact, profits, losses establish a RoI.
One cannot be measured by the simple fact that I did poorly today, at week, etc. or because I did not see profits in a certain period, that is quite normal. If it were that simple, we would all have "full pockets."