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

[bayiajaib]

Sometimes when you lose huge money in a single trade your emotion will be affected, there's a chance that you will do revenge trading that you didn't notice. So I think it's best to stay away from the chart instead of trying to enter the market again because the probability will decrease caused by emotion. I experienced that before, I'm forcing a trade just to try to recover my losses. Even a small loses can affect your emotion, how much more if you have huge losses.

You are right about how people prefer to do revenge trading and some of them get succeed while most don't. I read on BTT that negative energy like revenge, emotions, anger, etc. are some of the low-frequency energies that drive a person to do something big like accumulating valuable assets.

I don't agree to some extent with you on revenge trading because I think revenge trading can make you good money as well. But we should not do it because revenge trading is like not thinking straight and trading in a token in the hope of recovering a loss and making illogical trades can definitely lead to wrong trades that can even empty your account.

But if you are thinking straight but still plan to take revenge and plan to recover your loss then I think there is nothing bad in that. What do you say? BTW I did not take revenge on my trade on DYDX.

Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.

[$crypto$]

That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.

And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.

I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.

Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.

This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.

[Faisal2202]

Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.

Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.

In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.

[satpol_PP]

Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.

Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.

In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.

Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.

[jeraldskie11]

That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.

And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.

I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.

Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.

This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.

Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.

[sampoerna]

Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.

Indeed, call it not as "revenge", but more like re-management, re-analyzing, re-trying, and other re-......

Because no matter what, managing emotions is not that easy. Anger, annoyance, and regret are always there, especially when losing a lot of money, it is certainly very painful. Therefore, stop for a moment, calm down, in any way that can make us calm. Then, start again if our minds and hearts are really cool and calm. It will be much wiser when we are going to arrange patterns and strategies again.

This is not easy, of course, especially about crypto trading, big losses in crypto, and high risks that may be experienced again in crypto trading. However, if you are going to return to crypto trading, you really have to face it, by learning various lessons from previous loss experiences.

[milewilda]

That is something we must avoid, because the urge to do "revenge" trading will definitely be there when we experience a loss. We must be able to control our emotions to stay calm as usual.

And not only when we feel a loss, but when we profit, the emotional urge will still be there. The difference is that when we profit it is not revenge, but there will be greed to be able to get even greater profits.

I agree with you, we should not only do a self check when we are having a trouble on losses, but also if we are winning in trading. We didn't notice that we are greedy if we win, sometimes we just make a trade even though there is no clear setup in the market. We should have to avoid trading if we are having a behavior like that, because it will only lead to a losses.

Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.

This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.

Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.

On the time that you would really be just that new into this market then you would be having these kind of impressions but on the moment that you would really be experiencing on how this market moves then you would really be making realizations. This is why it would really be that important that you should be expecting that loses would really be that part of the process.
You would really be finding yourself having some issues on the time that you do really expect too much specially on having that profitable trading.
When losing then dont  chase up, you should really be checking on what happened and apply some analysis on the next trades you would be doing.

[armanda90]

Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.

None beginner but all experience trader keep focusing profit when entering in cryptocurrency trading, I think have difference ways only with beginner without make any research yet and huge expectation to earn much profit. For the experienced trader always be careful when entering for investing which one potential coins and make few percent set up profitable earn without not expectation profitable earn considering target from beginner.

I learned much lesson from cryptocurrency trading keep controlling our emotion and must set up profitable have to earn without keep hold it for long term until price going down again.

[$crypto$]

Focusing too much on losses is not good, focusing too much on profits is also not good, there needs to be a balance between the two to always be on the right track.

This is the same as beginners who only think about profits at the beginning of their trading, while they forget something more important, in the end they will experience losses and they will feel it in a short time after they enter the market.

Beginners are focusing on profits because that's the reason why they enter trading. I also have the same mindset before when I was new because I really want to make money, but instead of making money in trading, trading makes money from me. I lose a lot of money in trading especially when I was starting, but gradually I learned and knew many things that needs to avoid in trading so that we can survive in the long run and save our funds.

I have also been in the same situation as you, and with that we can get a very valuable lesson that what we did in the past was something wrong. So now we give a little input or give our opinion on something related to this.

I think if there are many beginners here and they read what we discuss here then it will help them a little. At least it can change their mindset about trading a little.

[Azharul]

Crypto trading is not prefer all time, sometimes we fall loss in the cryptocurrency market. So firstly we should understand the cryptocurrency market, then we will able to know about in crypto trading. I have also a little plan when I will lose in crypto trading, I think short term investment is very important for me, So I decided when I fall in a big loss I will started to short term investment.

[Ujok]

we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..

my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.

[JISAN]

we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..

my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.

Your suggestion is correct. When one loses a large amount he should not panic but be patient and wait for the next bull run. Later he can make profit but if he goes for leverage trading then this concept will not work in this case. Because there can be complete loss of funds at any time. Those who buy a token on the spot will get good results if they are patient. And I also agree with you that during investment never invest 100% of funds together and never invest only on 1 coin as the risk is too high. that's why DCA is good stratgy to minimize risk and make a standard profit

[Vx1]

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?

Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.

Actually I never thought about it until this point, but it seems like it is indeed worth being aware of.
If that happens, the first thing we have to do is to be able to maintain our mental and emotional state so that everything is okay.
Maybe we will stop trading first so that our minds are calm, if we feel that everything has improved we can start trading again of course very carefully.

[kulkhan]

we have to start again and seek profit every day to cover the losses that have occurred to us, when we have experienced losses we can take experience from all of that and make a new plan to start trading..

my advice, if you have capital, don't buy all your capital with the same coin if you can buy different coins and you make short-term and long-term trading strategies so that when one of your coins experiences a loss, you still have the other coin reserve to trade.

Your suggestion is correct. When one loses a large amount he should not panic but be patient and wait for the next bull run. Later he can make profit but if he goes for leverage trading then this concept will not work in this case. Because there can be complete loss of funds at any time. Those who buy a token on the spot will get good results if they are patient. And I also agree with you that during investment never invest 100% of funds together and never invest only on 1 coin as the risk is too high. that's why DCA is good stratgy to minimize risk and make a standard profit

Yes you told perfect. I am agree with you. When we will fall in lose then wait is best solution. We have to wait for next bull run when market will pump then lose will recover even possibility to profit will increase.

Even then follow DCA method is best solution i think. When Market will down we have to buy,  every down buy and buy then we will be huge profited when market will pump.

[Rubel007]

Revenge is a bad emotion, whereas as a professional trader we must be able to manage our emotions, even though we experience defeat, we must remain focused in carrying out analysis. I don't agree with trading in revenge, because we cannot think clearly in analyzing and making predictions.

Revenge is really a bad emotion and yes it's not easy to think and analyze the market clearly when we don't have control over our emotions but I said if we have control over our emotions then I have learned that emotions are a good catalyst to motivate yourself and thus you can focus more as well.

In the wake of the chaos of managing our emotions, we shouldn't abandon a decent starting point. As sometimes it's hard to determine when to stop and when not to stop. Overall I also agree that emotions and anger are not good for traders and they have to control them and that's one of the hardest parts as well.

Managing emotions is the most difficult thing to do, because it takes experience. We will experience panic and disappointment when we lose, but we also have to trust our analysis to be more careful. do research and start deciding to invest properly, don't let there be bad emotions when investing.

Controlling emotions after investment is difficult but it should be kept under control. Generally, investors panic and take various irrational decisions due to falling prices. Which can expose an investor to huge losses. Those who can perform their duties in a disciplined manner at this time can avoid loss of their assets. Before investing an investor must have a sound plan that helps them move towards their goals.