What Are Your Loss Control Strategies?

[Crypto Library]

If the newbies don't know how to trade, it is better to focus on learning first. Do trading with copy-trading seems not a wise idea, it is still too risky for them. If they want to hold for a long term, it also requires knowledge. We need to know how to choose the coins that can be good for holding a long term. Or if we don't want to do a research or analysis, kindly choose Bitcoin. Newbies can focus on investing or trading Bitcoin if they still have lack of knowledge. Bitcoin is the most secure and recommended coin, but we still need to have good knowledge. We need to know how to determine the time for entry and exit. 

In deed, but here the scenario kinda different most of the people we do trading I can say the big percentage of peoples are doing trading without proper knowledge and they and we face lose in trading and then we say trading is such a worst thing they are not just blaming the trading they blame also cryptocurrency as a scam I won't say here no scammer , and those peoples don't understand that which project are scam and which which project or the coins are secure. They look for only high profit and gain the loss in reality. Yeap here I always suggest to newbies to invest on the bitcoin for long-term if they want to invest in crypto.

[SamReomo]

Copy trading is not as easy as it sounds. It's not a bad strategy if you know the person you wish to copy is legit and is willing to share their moves. But sometimes all it takes is one wrong move or bad timing, e.g. when you're not there to buy/sell an asset at the same time as the original trader, or when you don't have available resources to perform similar trade as they did.

I don't think that anything is hard in copy trading but I surely agree that copying someone else could be cause of losses if that someone isn't a good trader but pretends himself/herself as a good trader. It's also true that each user have different resources and most those lead traders have more resources as compared to the ones who copy them. Copy trading is like blindly trusting a trader if he/she makes good trades then most traders who copied him will make profits but if any of his trades go wrong then all the traders who copy him will lose money.

[libert19]

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 has been said often that do not chase loses, as when doing it you are not in sane mind to make right decisions, and this leads to creating more losses. So, stop chasing losses, consider it a learning lesson, leave trading for a while until sanity returns and start again with a fresh mind, that'll help you make better decisions.

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 have been there, I have lost money in margin trading, and I figured it's not for me, if you feel same, you can leave futures altogether and stick with spot.

[UNIVERSE]

Copy trading is not as easy as it sounds. It's not a bad strategy if you know the person you wish to copy is legit and is willing to share their moves. But sometimes all it takes is one wrong move or bad timing, e.g. when you're not there to buy/sell an asset at the same time as the original trader, or when you don't have available resources to perform similar trade as they did.
I believe some platforms, like eToro offer an option to automatically copy your chosen traders, but that exposes people to being abused by highly followed traders. Also, most retail investors would lose money trading on that platform, so I don't think copy trading is any sort of universal, golden solution. The best option for many would still be investing and holding long-term prospective assets.

All type of trading isn't easy because trading basically isn't easy to do. That's why we must have our own strategy because it will be easier to understand by us. I think following other ways, will be riskier as well. It is because other trading ways may be not suitable for us. I've explained above that it is not recommended to use copy trading. It is better to have our own way in trading.

Yeap here I always suggest to newbies to invest on the bitcoin for long-term if they want to invest in crypto.

It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.

[vegasus]

I have been there, I have lost money in margin trading, and I figured it's not for me, if you feel same, you can leave futures altogether and stick with spot.

Indeed, Spot trading is a type of trading that can be said to be the best, especially for beginners, if the coins we trade are really potential coins, so even if they are hit by bad news or a market crash, the coins are still able to rise again. This will be different if the coins or tokens are shit, even though Spot, then it will end up in dead coin holding. But at least, with Spot, you will not get a very high risk due to inappropriate market conditions or being affected by liquidity so that your money is completely gone.

It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.

Of course, because we can say that Bitcoin is a safe haven, as long as we know when to buy it, not because of FOMO, and we understand when to take profits, and don't panic sell when the market crashes.

[rizqillah]

It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.

Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.

[doc]

It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.

Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.

Learning trading is not easy, I have tried it for a long time and still can't control fear and greed. Because managing emotions is not easy, maybe my experience is not much. I only study fundamental and technical analysis because managing emotions must be learned during practice and we are faced with both conditions.

[milewilda]

It is very normal to have losses while trading, it is not predictable but i am almost always prepared for whatever the outcome maybe. from my experience, this is how i think anyone should recover from losses in futures trading, firstly, focus on controlling your emotions, implement strict risk management like using stop-losses, and re-evaluate your strategy. When you go again, you should start small to rebuild confidence and consider using platform tools like demo accounts to practice..because continuous learning and disciplined trading are key to bouncing back and to avoid past mistakes from repeating itself.

Ita I also often experience losses when trading, but my profits are greater than my losses. Because trading is about how to manage our assets, and how to manage our emotions so as not to panic when experiencing losses and the market suddenly dives or experiences a rather long correction.

Learning trading is not easy, I have tried it for a long time and still can't control fear and greed. Because managing emotions is not easy, maybe my experience is not much. I only study fundamental and technical analysis because managing emotions must be learned during practice and we are faced with both conditions.

Its never been easy and it would never be. Never make yourself to be a in a rush on dealing up with things because it might possibly be ending up for you to make bad decisions
just because you are really just that basing up into your own observations and own understanding on how trading works and how it do needs up on particular things.
Self control and discipline is something that someones need for you to be able to make yourself that completely be able to handle up the situation just incase
the market would really be that going down then you do already know on what you are doing.

[Crypto Library]

It is a good idea. Newbies will be quite safe if they prefer investing in Bitcoin for a long time. Trading actually isn't suitable for newbies because trading requires good knowledge about crypto. We need skills, good analysis, and good mentality as traders.

Yeap and that is the main reason for newbies Bitcoin is the loss control strategies and obviously it is for the long-term bitcoin could also be cause if a newbie start short-term trading on it. And for the long-term trading bitcoin is the only one option I think that will must be guaranteed it will recover it self and make profit. Fund in case the investment fund should be also that much amount which will not effect in your financial situation and you don't have to touch it when you face the emergency situation.

[UNIVERSE]

Yeap and that is the main reason for newbies Bitcoin is the loss control strategies and obviously it is for the long-term bitcoin could also be cause if a newbie start short-term trading on it. And for the long-term trading bitcoin is the only one option I think that will must be guaranteed it will recover it self and make profit. Fund in case the investment fund should be also that much amount which will not effect in your financial situation and you don't have to touch it when you face the emergency situation.

Trading isn't for people who have lack of knowledge. The newbies must have no proper knowledge, they even don't know what the strategy to use in trading. So, we shouldn't be so surprised if they have loss control of the strategy. That's why they are better to choose a long term holding because it will be quite secure for them. Even if there is no guarantee for profits, the chance for the profits will be quite high as long as we hold the trusted coins such as Bitcoin and Ethereum. But surely we must use safe money.

[Crypto Library]

Trading isn't for people who have lack of knowledge. The newbies must have no proper knowledge, they even don't know what the strategy to use in trading. So, we shouldn't be so surprised if they have loss control of the strategy. That's why they are better to choose a long term holding because it will be quite secure for them. Even if there is no guarantee for profits, the chance for the profits will be quite high as long as we hold the trusted coins such as Bitcoin and Ethereum. But surely we must use safe money.

Exactly that is what I mean.
For newbie when they willing to start trading they should sit with the books of trading analysis I mean learn the candles position how they are moving and check the previous history, and learn how to use the technical analysis indicators there are lots of method in trading analysis so if I want to say I can't stop by saying and saying. To learn and to be a professional trader it tooks a years. So it is not wise to think that trading is easy just invest here a claim the profit.

[Hatchy]

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.

There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.

[sagarmota10]

Apply 3 simple rule for control your loss :

1.Stop overtrading
2. Buy small quantity instead of heavy quantity.
3.Buy when market is Red.

It's simple but hard to apply.

[Hisbullah]

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.

There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.

Revenge trading is a bad thing because it makes us not think realistically and cannot make the right analysis. because emotional management is needed in trading. Shouldn't we really be able to know our emotions when trading, because bad emotions will result in bad things, namely losses.

[doc]

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.

There are simply different ways to help you control your loss, some might be technical while the best way is psychological. As a trader, you should be able to tell how much you are willing to risk to the market. Having a losing trade, cut past your minimum risk value is already too much risk. You have to exist the trade. At this point, you are also supposed to exist the market and take a break. Avoid revenge trading as it will lead to more losses than expected. Trading shouldn't be be don with emotions.

Revenge trading is a bad thing because it makes us not think realistically and cannot make the right analysis. because emotional management is needed in trading. Shouldn't we really be able to know our emotions when trading, because bad emotions will result in bad things, namely losses.

If our emotions are not good, we should get out of trading and do some refreshing, especially doing revenge trading, it will be fatal if our analysis is not right. Trading must require a clear mind and good analysis, so experience and expertise are very much needed in trading.