Accepting this reality of trading has helped me a lot.

[taufik123]

-snip-
I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.

Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.

[ajiz138]

-snip-
I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.

Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.

Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.

Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.

[jeraldskie11]

-snip-
I wouldn't be that rude if the mistakes they made were different from before, or if they were the same we didn't realize it. But if it happens repeatedly with the same thing, then it's bad and I think it's better to stop everything that's being done.

Stopping everything he is doing is the best way to go and start changing his mindset, so that he doesn't always go into the same pit of error.
When such a person is not able to overcome the mistake, then try to switch to other types of investments, do not enter into trading.
Buying and holding it may be better, as it does not require in-depth trading knowledge, just buy and hold until the target is reached.

Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.

Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.

Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.

[taufik123]

-snip-
stay away from the chart and do other stuff until your emotion get back to normal.

Get out and breathe in the fresh air to forget about trading and not looking at any charts, it's quite calming.
If it is possible to avoid access to the chart, then delete the Trading app used, it will be the last piece of advice so as not to be too affected, it will only see when there is news that the crypto has been bullish again.

[Crypto Library]

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.
When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
What do you do when you take a loss?

That the basic rule of a wise trader.
Trading have this reality and not only in this sector you will find all over the world every sector have its kind of reality. And those those who can handle this and learn from these mistakes of loss those became successful on the future.
ANd here in cryptocurrency trading same when a trade lose on his trade that's make profit on the others side trader. And if this was not the case in trading, then trading would not exist.

[Jamal Aezaz]

Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.

Emotions are really hazardous if someone has no control over it and many people lose their amount due to the fact that they cannot control their emotions and their every decision is false as they don't think in the light of their knowledge but they think with the help of their uncontrolled emotions.

If you cannot decide well, have no ability to control your anger, happiness, greed and many more emotions then it will be better to first learn to handle your emotions and then trade with better thoughts. Many people trade but they cannot predict their faults because they don't think that emotions can also be their big enemy which will not allow them to make money through trading.

[Aanuoluwatofunmi]

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Truly when loss occurs, i don't take it as pain because i have expected for it before hand, all that is needed is for one to sit and analyze broader on why such happened and the possible means to avoid a future reoccurrence, it will be part of our experience because we are learning each day from whatever happens to us t the cause of the trades we made, knowing the reason for the lost will help prevent a future reoccurrence.

[ajiz138]

Well, don't push yourself too hard while we can't learn from our mistakes, because it will make things worse. They can stop and come back again after really realizing what's wrong with their trading method, and as you said they can switch to another one instead of having to keep swallowing losses.

Don't push yourself too hard because that's actually the beginning of something bad happening. I don't deny that we all have ego, but we ourselves can control it.

Pushing ourselves too hard in trading is a sign that you are being in-controlled by your emotion. Emotion is one of the reason why we lose in trading, so if we can't handle our emotion correctly we can't execute well in the market which is decrease the probability to win the trade. So if this happen to you, stay away from the chart and do other stuff until your emotion get back to normal.

It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.

Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.

[Findingnemo]

It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.

Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.

Rich people lose billions in seconds or just overnight still they just stay focused on their future plans because we can't change what happened and they know even they lose millions still they have billions under their assets that gives them the comfort of not getting controlled by the situation.

We can apply the same strategy, we just need to allocate the capital which we are completely willing to lose on trade and better value could be anything less than 30% of your crypto portfolio would be ideal.

[bayiajaib]

Loss is part of trading and learning from it does not mean learning how to avoid it, but rather learning how to turn loss into something from which you can make profits and diversify your investments so that you will not be affected if you lose a pair or lose a bet in one of your trading pairs.

Loss is part of risk management and based on it, you will determine the level of risk. High risk means a higher probability of loss and vice versa.

The avoidance of lost can not totally achieved though we could learn from part experiences of it but it is most pointed at optimizing your trading scales to discover new badges which you can venture on to recover looses from the other way round just mentioned "diversification" and also timing to pull the trigger analytically without FOMO.

I agree that diversification is a way to avoid losses where we have several potential coins that can increase our chances of making a profit. Don't always believe in FOMO, stay focused on your research and analysis. Several times when I first invested in crypto I was caught in FOMO and I will not repeat that.

[vegasus]

I agree that diversification is a way to avoid losses where we have several potential coins that can increase our chances of making a profit. Don't always believe in FOMO, stay focused on your research and analysis. Several times when I first invested in crypto I was caught in FOMO and I will not repeat that.

yes because this diversification is one part of the way or method of investing in crypto, to optimize the chance to take gains and minimize losses in one coin or token only. With diversification, we can choose several coins that match our targets and analysis.

However, Bitcoin remains the investment with the highest accumulation rate compared to other coins or tokens. Usually, for me, the percentage is at least 40% of the total at least. And others, most are top coins. Then, only about 5-10% for new coins, that's all because the risk is very high.

[Mr. Magkaisa]

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

         -      Losses in trading are really a part of being a trader, and even in the field of business, they are no longer lost; they are actually expected. Then you really need to have the character of a responsible trader.

Also, through defeat, it helps and teaches us to shape our thinking on how to use our thinking and strategy on how and what we should do so that we can get the right profit from it. and we can't spend any time and effort on it.

[ajiz138]

It takes a calm mind to be able to execute the market well and it will not be possible to do so if our minds are in a chaotic state because we want to immediately recover the losses that have occurred.

Everything in life will definitely end badly if we are in an unsettled situation. We cannot think clearly, and even though there are opportunities in front of us, we will definitely miss them because emotions have controlled us.

Rich people lose billions in seconds or just overnight still they just stay focused on their future plans because we can't change what happened and they know even they lose millions still they have billions under their assets that gives them the comfort of not getting controlled by the situation.

We can apply the same strategy, we just need to allocate the capital which we are completely willing to lose on trade and better value could be anything less than 30% of your crypto portfolio would be ideal.

The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.

The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.

[satpol_PP]

The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.

The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.

That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.

[gunhell16]

The point is that they are ready for the risks they will take, so that when something bad happens they will remain calm because they already understand all of that very well, and it is impossible to always be in a profitable situation.

The only difference is that when they are rich, they have reserve funds. While people who are just getting by when their initial capital runs out, it takes time for them to have capital again.

That is the advantage of being rich and having a lot of capital in investing, they are ready to lose. While we as small investors who collect capital from a little must be really careful in investing. do research and make the right analysis.
Trading does not have to use large capital, but with large capital we can generate large profits.

It cannot be denied that trading really helps us a lot here in the crypto industry. But it has some things to consider. Because if we don't appreciate it, it can surely consume our capital or end up in nothing.

Because it's not like gambling where you can make money instantly. It is not like that, it requires study, discipline, dedication, self-discipline and passion, I have read this many times from other members here on this platform, in which it is also correct.