What is your plan when you lose big in crypto trading?

[Charles-Tim]

I pretty much agree with you because when we invest not all investments will always be profitable.  Once in a while you may face loss.  So I would suggest if you want to become a real trader then invest some of your money.  By doing this you will be able to train slowly and eventually benefit.

Traders should be expecting the worse. If 90% of traders are estimated to be losing, then anyone that wants to become a trader or that is a trader should be expecting losses even if they are using small amount of money to trade. But if small amount that the trader can be afforded is used for trading, this should not result to any financial problems.

[MrSpasybo]

Diversification in real estate, metals, stocks but I ask why would you create such situation in first place that you have to prepare for it?

Better don't create problems, that you have to seek solutions for and importantly when you are aware that doing particular thing is creating a problem.

Before becoming experienced investors, we were all newbies and paid a lot to learn from our market failures. Therefore, I believe everyone has their own stories to share.

Diversifying an investment portfolio is also a good approach, similar to managing capital by never using more than 2% of capital for a single market trade, or always having a stop-loss instead of wanting a few % from Earn & Stake on CEXs. Importantly, after a failure, traders can still continue to try, learn, and trade to achieve future success instead of leaving the market and criticizing crypto.

[SmartGold01]

If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to  investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.

[Sim_card]

If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to  investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.

What you said is the same thing that I would also do. There is no need to keep on risking your funds when you are losing it. If I loss big in trading, I will regret of trading and will never trade again, I will not even want to learn it. What I will do is to buy bitcoin at the bear market and sell it in the bull run, if I am after short term profit but if I want a good profit, I will hodli for long maybe 4-10 years and above.

[Jamal Aezaz]

A person should have accurate information before entering into crypto investment or trading because the loss is not always small but sometimes you lose such a big amount that recovery is not always easy. If you have learned well then first of all you will not use a huge amount and if you are using a huge amount then your selected coin must be an old, trusted and tested coin in which chances of loss will be minimum.

If in trading you are regularly losing money then it is better to not trade for sometime until you learn more things related to trading and also remember that don't be in too much hurry to not think about the faults but utilize money from every source which you have to use for more prime requirements because all quick response will lead you to loss.

[albon]

Different individuals will have different tolerances for risk. Tolerance is not fixed, it will change with your skills and knowledge. Always i keep investment in a planning stage as i never keep all funds fun in one coin. You should know that there are many professional traders who buy other currencies for trading as well as investing. They buy currency for long and short term and it acts as their plan b along with trading. So that they can recover the losses very quickly.

[Rruchi man]

so what is your plan when you experience a huge loss in cryptocurrency?

Experiencing a huge loss in cryptocurrency can be a very huge discouragement for an investor or a trader in cryptocurrency, which may make the person not to want to continue in it. But experiencing a huge loss should not mean the end but rather should be a reason to want to be better to recover from the losses made. as a trader or an investor in cryptocurrency, whenever you experience a hit loss instead of retreating into your shell, take it as a challenge to discover what put you in that position, the mistakes you have made, so there will be no repeat in the future.

[Captain Corporate]

I have to say, its not really that shocking in the crypto world to have a big loss, everyone has that time to time, I had %80+ down plenty of times, bear markets are literally just periods where we lose big all together. What you just do is end up trying to earn more money, or at least save more money, and buy it when its that much down. That way, you lower your purchasing price, this action is called "dollar cost averaging" and known as DCA, many people in the world knows this. So if you lose big, unless its some shitcoin, and if its something trusted like btc, you just buy more and wait for it to go back up.

[Hamza2424]

Hmm, after eliminating a couple of starting mistakes, until now i haven't lost anything big, as after those big mistakes of my initial time, I got my way of avoiding futures trading even you are good at it, for the rest i've scanned most of the replies haha, in order to prepare myself from what other's experience physiologically. TBH most people are giving tips, and most tips are Plan B and avoiding maximum risk, that is good but as you know risk brings great opportunities.

For the rest my suggestion is just to avoid leverage trading if you want to avoid big losses in this market, as leverage trading sucks most of the time.

[bayu7adi]

I have to say, its not really that shocking in the crypto world to have a big loss, everyone has that time to time, I had %80+ down plenty of times, bear markets are literally just periods where we lose big all together. What you just do is end up trying to earn more money, or at least save more money, and buy it when its that much down. That way, you lower your purchasing price, this action is called "dollar cost averaging" and known as DCA, many people in the world knows this. So if you lose big, unless its some shitcoin, and if its something trusted like btc, you just buy more and wait for it to go back up.

  Sorry buddy..you haven't experienced a big loss, because your budget that you allocated for cryptocurrency is still in the form of FIAT or maybe stable coin... this is proven because you can still do DCA, that means you are still in the strategy stage, not in the big loss stage. That strategy has been recommended repeatedly by many people in this forum, so thank you for reminding me again.

For the rest my suggestion is just to avoid leverage trading if you want to avoid big losses in this market, as leverage trading sucks most of the time.

A little silly fact from me is, my biggest loss ever came from trading futures on Binance (3 years ago) ... it really frustrated me a little bit and wanted to leave the crypto world forever... but somehow as time went by, the desire to interact with cryptocurrency was always there... so I really couldn't leave cryptocurrency even though I lost big.

[SmartGold01]

If there are so much lose while trading all I would do is to stop then fall back to learning either learning other forms of trading like binary or future trading, and if not good at it then I will fall back to  investment like hold for specific period of time and then sell. I think holding is even more better than trading most time while trading we gradually lose our hand earned bitcoin to the market at caused of trying to double our profits and if market increases we see our bitcoin values changes but trading would waste all at once.

What you said is the same thing that I would also do. There is no need to keep on risking your funds when you are losing it. If I loss big in trading, I will regret of trading and will never trade again, I will not even want to learn it. What I will do is to buy bitcoin at the bear market and sell it in the bull run, if I am after short term profit but if I want a good profit, I will hodli for long maybe 4-10 years and above.

That is what most traders does if they noticed they aren't making any further progress they would stop trading and focused on investment truly investment is more reliable than trading though it depends on choice because some people may want to stress themselves trading instead they would want to hold for some times and sell when the market seems promising.

[kulkhan]

I am a crypto trader, and i am trading here from 2015. And still trading. Overall i am profitable in trading. Basically spot trading is my favourite. And from the beganing i am doing stot trade.

But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.

It was my big loss in cryptocurrency trading. And my plan always i will trade in spot section. Never will trade on future section. It is my first plan.

[Charles-Tim]

And from the beganing i am doing stot trade.

What did you mean as stot trade? I think it is a typo. You mean spot trading.

But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.

Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.

[LogitechMouse]

We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?

Go off for a bit then try trading after a few weeks to months.
I did those 3 times, and I lost money during those 3 times.

When I lost my money at the 3rd time, I said to myself "I'm done with trading" and until now, I don't go back and trade. I know that there are some plans that aren't going smoothly especially when we can't control the movement of the market, and it's good that sometimes, we have a Plan B that can help us in trading. On the other hand, there's an option as well where we can stop if we are constantly losing money in trading and that's what happened to me.

But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.

I hope that you learned your lesson on this one. Don't join on those signal shit out there.

[ayydil]

Losses and gains are parts of trading and businesses. One can't have gains all the time I guess if I invest and get into huge losses, I might just have patience and hope for price to go up. It is wise to invest in stuffs by doing research I guess than to regret later since lots of scam and useless coins have been there I think that burnt peoples' money. But for genuine losses, it is patience until it recovers