Bitcoin Forum

Within this past few days i made so many wrong decision on trading. I predicted wrong, or i haven't maximize my Buy in and Out. This make me lose confidence on my skills. what keep your passion on trading and continue more?

there're no way to reignite our own passion if you're still thinking about your mistakes.
as a trader all that they must have other than smart is cool headed.
the first thing that you need to do to is taking a vacation for your own,
you need to take it because there're a lot of complicated emotion in your head right now because of those mistakes.
everyday whenever you're doing a trade you will always remember those mistakes and of course because of that your emotion will be affected.
that is why you need to take some vacation and let it go,
regret is not a part of our journey,it will only prevent us to make a move.
let it go,clear your,learn your mistakes and set your goal for future.
that is the reason behind your vacation,i believe after you do that you can reignite your passion on trading again.

I can understand what you have been through because I too stopped trading when I felt that it was not anymore profitable for me and I shifted to other ways of making some Bitcoin online. I think as of now it is not really for me as I am poor in choosing whether to buy or to sell. Though am not closing my doors in the near future. Maybe what can ignite me in trading again is if I can have a good mentor that can guide me on this sometimes treacherous world of trading. Losing money in trading can be discouraging, just to say the least.

Exactly your Whole mindset is affecting your goal man...Whatever is in your head is what is been acted upon outside..your thinking affect your trading style...find something to get our mind off...learn few basis and hit back...

I think there is so option to reignite our passion on trading. Instead, try to make yourself a concentration and moral event where you discuss about your future targets and so that you'll be motivated on trading.

To regignite your passion, you should probably trade again in order for you to do that. And by that, you should try to study. You're probably losing because you are less knowledgeable in trading. STUDY MORE!

Learn on your errors they give a necessary experience. And motivates this receipt of the profits

You either have a passion for trading or you don't. If you truly do then it will come back in time. As for believing in yourself you've just got to go back to basics and take a more wholesome view. I've had bad periods where I feel like I can't do anything right but then I take a view over a more extended period and can see that in the long term I've been successful. You don't suddenly just lose your ability and skills.

Keeping a spreadsheet or such of your weekly results or so can really help in times like these, that way you can look back and see it's happened before but overall you're up.

You might not have noticed that there are some season or certain times that strategies , methods etc that where hitherto working and very accurately, starts failing for no clear reason. At this time, technical analysis don't conform to plan anymore.

Thus, going by the date of your post, this is around the time bitcoin was on an uncontrollable bullish ride , just like it went through free fall lately. At this time, no technical analysis was helping to understand price movements. This could be a reason you are blaming yourself for making wrong judgement of the market . Nobody could have got it better,  so get up, cheer up and start embracing the market again.

You have to get a good understanding of which have been your mistakes in the trading, and look forward to learn and not repeat those mistakes. If you don't understand which have been the mistakes, stop trading until you do. You may look for some trading courses on yourtube to help you understand typical mistakes people do while trading.

Always learn from the mistake before so we can make new strategy, and dont to much spend time for trading so we are not tired . And also sharing with others trader to discuss about strategy of trading. But the most important thing is we should be learn the psychology our self so we can control emotion and possible to manage it, and also dont be greedy.

I feel you brother. I am also is suffering from my lose trades that got me a lot more emotional. I suggest that you keep that experience with you and try to go other place to unwind. You can do much more better things for you know what it takes to lose. We might commit mistakes, but this must not be the reason for us to quit. Passion? It's really hard to push a thing that you just recentlymessed up and make that as your passion. Passion is developed, not forced. "Winning makes you happy, but mistakes makes you WISER". Cheer up man, you're still alive and I bet you have the knowledge to get back up. Take a break, have a kitkat.  ;D

You need to take a break for the meantime re-access your faulty decision making. You also need to understand that you are not alone with this feeling. During those break check if trading is still for you or long-term investing is the correct strategy you should use. Besides those two strategy are profitable either way.

I move on from my mistakes and learn from it. There is no such thing as perfect,so you will always miss some opportunity or lose some money in trading. But that does not stop me from making trades, because if I stop, then the money will be stagnant. I hate that most. That keeps me moving, improving my game and keep on trading.

We should really learn from our mistakes since theres no perfect trader in this world. Discouraging in the very first time is normal but our minds will either tell us to stop completely or would resist to learn yourself on. Passion or interest would really vary on the very first place because if you are dead serious on doing trading even on those loses and failures it wont really make you to stop.

Take a break for a couple of weeks to clear your head. Then when you try again, try with a reduced stash, and practice rigid risk management -that is, only risk 1/10th of your stash on any given trade. That way you arn't wiped out if you make a mistake (and mistakes are inevitable, no-one gets it 100% right).

If you feel tired you should take a break because in trading if unstable emotions can affect the way you trade and your spirit can be more down again, so take a rest

That was just a normal in trading not all your predictions are surely in favor to in that case if you want your money to earn profit and not lose it then dont sell it in a low price lower than you buy it. Sell it if the price goes up or just put it in a higher set up so that if that coins will pump then your set up will surely buy and your not losing you money your capital is patience to earn money in trading. Keep calm and earn.

For me its a very exciting game, just like poker. I need a little luck to be successful, but it has a lot of skill involved that requires a good interpretation of the charts, and good bankroll management. Not even mentioning that you will have to develop the ability to handle your emotions, and be less attached to material things, since you will need to learn how to deal with loss.

I'm still learning and I make some wrong trades, since it's part of the game, but I have some profit right now (low profit, but still in the green), so I'm in a good moment right now. I did faced a lot of losses in the beginning, but it was the challenge that kept me going.

trying holding for a bit to make some gains , maybe that'll get the juices flowing .

I guess many are experiencing the same as what you are feeling right now since market is really down and slow which make very unpredictable and hard to earn money.
So what can reignite all of us in going back to trade again is to know that the market becomes hyper active and coin prices are moving up and down to be able to earn fast income.

The most easiest way to get out of that kind of mindset is think of your mistakes as important lessons for you. Lessons that you should improve your trading as well as your plan in order to not repeat the same kinds of mistakes in the future. I know that losing a trade can let anybody be down with themselves as they lose money in the process but it what makes you do better as you want to get back those losses in the future and the way you will do it is by improving your skills in trading.

You have to learn a lot from your own mistakes well in trading and not repeat the same mistakes, and you should improve your trading and have a good strategy in order to get a satisfactory result.