What Are Your Loss Control Strategies?

[|MINER|]

     -     I believe that trading is a skill; you can't study trading and learn the other tool indicators used in trading here in the crypto trading business and even in other trading like the stock market.

It is not possible to just change it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There is no shortcut here either.

I will agree with you that trading is never a shortcut way to earn. Those who think of trading as quick rich method or shortcut way to earn income are actually living in a fool's paradise.
Just like in all other fields, you have to spend time to get success, in order to be successful in trading, you have to spend time to gain analysis skills and you have to constantly update yourself about this sector. And those who come here to invest money just because of greed without doing these, face loss in many ways.

[SamReomo]

I don't get the purpose of trading on futures with 1X leverage. You are likely trading with the spot. It would be better to trade in spot if you are planning to set your leverage to 1x.

The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.

Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.

[BitMaxz]

The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.

Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.

Not just for shorting but also to increase the amount you want to invest if you only have a very small capital you can increase the leverage and take a position with a higher amount compared to trading with the spot you can only invest in crypto with your total capital unlike futures where you can make $10 to $500 50x leverage or more than that and gain a huge PNL with a small margin since it's 50x leverage it is also too risky that is why you need to combine a risk management strategy to avoid large loses in high leverage.

[summonerrk]

I love technical analysis, but not all of it. I don't believe in figures - triangles, reversals, shoulders and the like. Maybe they were relevant a long time ago, but now I have repeatedly been convinced of their untruthfulness. I believe in support and resistance levels. So, that's why I use stop losses. This is the moment when I understand that I have not guessed the price direction and therefore I transfer Bitcoins to USDT. And this is a great way to fix losses.

[milewilda]

     -     I believe that trading is a skill; you can't study trading and learn the other tool indicators used in trading here in the crypto trading business and even in other trading like the stock market.

It is not possible to just change it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There is no shortcut here either.

I will agree with you that trading is never a shortcut way to earn. Those who think of trading as quick rich method or shortcut way to earn income are actually living in a fool's paradise.
Just like in all other fields, you have to spend time to get success, in order to be successful in trading, you have to spend time to gain analysis skills and you have to constantly update yourself about this sector. And those who come here to invest money just because of greed without doing these, face loss in many ways.

Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.

[UNIVERSE]

The main reason to trade futures is to go for shorting which you can't do at spot market. Many traders prefer to short Bitcoin and ETH and for that they've to go with futures trading.

You can get profits in a short time in future but you also can lose all the funds instantly as well. Honestly, I am a person who dislike future trading because it is almost similar as gambling. If we want to have a long journey in trading, I think it is better to trade in spot because it is much safer for a long term.

Some of those traders do choose margin trading but I don't prefer that at all. That's why the traders can safely trade with 1x leverage at futures market.

Margin trading is also riskier trading type, it is not for a newbie or an average trader. For me, only experienced traders who deserve to try margin trading. I personally never think to try this, I am not comfortable with this trading type. I usually only use spot trading if I have spare time for trading.

[|MINER|]

Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.

From this point of view, I would also like to say that to get the psychological and emotional control required for dealing up with losses, you have to do some wrong trading or face loss initially. Moreover, when a person gets real experience in a field, he can know about its proper use. If I talk about myself, I will say that initially when I came, I faced loss by doing wrong trading which I have already mentioned in your and my post, which is the usual normal newbie mistake.
However, there is no guarantee that everyone will learn from the mistakes they make because everyone's psychological and emotional control is not the same, in many cases it can be seen that even after making a mistake, without learning from it, they eat bigger losses through bigger investments.

[albon]

In the case of trading, the number of losses is much more than the profit because most people rush into trading in new situations. So when one of your entries goes against the market trend this loss calculation starts. According to me the biggest reason for losing in trading is lack of adequate knowledge about the subject of trading. So until you fully understand the ins and outs of trading, profits will become mirages which most newbies have the least patience for! After a few days of practice trading he came to trade in the real market. After trading for a few days the final result is the loss. There are strategies in trading which you have to practice regularly and once you become an expert you will see the profit. I want to be aware of this so practice trading more to minimize my losses.

[milewilda]

Newbies does really that normally think up that they could really be able to make easy money with trading not until they would really be that making themselves having that real experience towards the market and would really be making out those realizations that dealing up with tings is never been that easy. This is why on whatever those impressions that you do have initially, then it would really be that something that could be changed up basing on the actual situations or conditions that you are really that facing into.
When dealing up with loss then it would really be needing up that psychological and emotional control on which not all people would really be having that similar tolerance.

From this point of view, I would also like to say that to get the psychological and emotional control required for dealing up with losses, you have to do some wrong trading or face loss initially. Moreover, when a person gets real experience in a field, he can know about its proper use. If I talk about myself, I will say that initially when I came, I faced loss by doing wrong trading which I have already mentioned in your and my post, which is the usual normal newbie mistake.
However, there is no guarantee that everyone will learn from the mistakes they make because everyone's psychological and emotional control is not the same, in many cases it can be seen that even after making a mistake, without learning from it, they eat bigger losses through bigger investments.

Whether you do like it or not, you would really be able to experience and realize for yourself on what are the things that you would really be needing on which you cant really just that make yourself that able to avoid on not to think nor able to realize on what are the things that you are really that dealing on with and you do really need up for you to do to have that kind of advantage on which we know that on the moment that you are on a losing situation then it couldnt really be that for you to be able to control your emotions on some point.
Each people are different when it comes into this aspect and this is why you should really be that careful on dealing up with things or decisions specially with gambling.

[Ricardo11]

You should always trade within a certain limit, i.e. you should trade with the amount you can afford to lose. I think if you don't exceed your trading limit, then you will never fall into such a big loss. But even if you somehow end up with a big loss then you have to stop trading for a while until your loss is recovered. Also if you trade more to recover your loss after the loss then you will lose more.

[|MINER|]

Whether you do like it or not, you would really be able to experience and realize for yourself on what are the things that you would really be needing on which you cant really just that make yourself that able to avoid on not to think nor able to realize on what are the things that you are really that dealing on with and you do really need up for you to do to have that kind of advantage on which we know that on the moment that you are on a losing situation then it couldnt really be that for you to be able to control your emotions on some point.
Each people are different when it comes into this aspect and this is why you should really be that careful on dealing up with things or decisions specially with gambling.

Yeap that's what I wanted to explain. Because no matter how well you learn to analyze by hand or demo account, you will become a successful trader in the real field. I mean you have to make trade with the real money. And obviously this is after you have got the lesson and as well as I will also say that when you will start you should start with the lower volume I mean the lower fund. Because this is the learning period also and here the possibility of losing or making wrong decisions is high.

[UNIVERSE]

If you're relying on other traders, just stop trading. What happened with your colleague doesn't happen to you. He might be making some profits in crypto trading, but that doesn't mean that if he shared his way of doing it, the same will happen to you. Well, you might give it a try and follow what he's saying to test it. After all, you will not know what will be the result if you will not try.

Relying on others doesn't make us a good trader. Relying on ourselves, and our knowledge makes us a better one. Learning how to analyze the markets, analyze the charts, and making good decisions is what makes us a good trader. Unfortunately for me, I didn't become a successful trader. Still, I wouldn't recommend relying on others when it comes to trading.

It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.

[Crypto Library]

It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.

I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.

[nakmantu99]

It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.

I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.

I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.

[Vision pro]

It is not necessary to stop trading even if we rely on other traders until now. We can start learning trading seriously, so we won't rely on other traders again someday. I agree that relying on other people won't make us trading properly. We must do it alone, we must have the ability of making analysis. In this way, we can be a true trader, we have the proper ability to be a real trader. But it needs a process, it won't happen suddenly.

I want to agree with you and I also want to say that we can do copy trading or following the analysis some times but it should be also do some own analysis. So even if you want to follow or rely on some trader you should obviously choose an trustable and professional trader and then you have to have also the basic analysis skills then make own analysis on the base of their signal then you can do your trading. But I don't think relying on others trader blindy was wise idea.
And doing trading by self is the best if you are newbie you can start your trading with small fund also.

I have been trading for more than 88 years, and that is trading alone. I did research and made my own analysis of coins that I thought were suitable for trading. In my opinion, it's best to do your own research and analysis in trading, don't follow other people, because this is our money.

I fully agree with you because I will trade with my money if I analyze well then I can get good results don't go trading on other's words sometimes if you want to train you can lose your money because your own experience is the most important thing in trading  in case  So you check the market without listening to others and you decide which trading you want to do, which points you want to buy, which coins you want to hold, it is entirely up to you.