Bitcoin Forum

I hope that even though we as daily traders sometimes we lose because of our mistakes when the market price suddenly drops very deep and because we panic and sell some of the altcoins we have that we buy at high prices, or we can't hold it because of that maybe the reason we sell it for daily needs, but even though we still have some assets left, we have to trade with the remaining capital, and for example we have less money, we can buy bitcoin or altcoin at current prices, but even though it may take a long time to recover from our losses, we must not fall, we must remain optimistic and struggle to re-trade and recover our losses, because anything can happen to the price of crypto, and nothing is impossible for us to be able to recover our losses quickly.

Nothing will help you out if you do not improve yourself from what you have done mistakenly in your previous trades.

I mean if simply continuing your trading without no significant improvement in your knowledge levels and in your other trading related skills levels, I think no one will help you. You may face another round of losses if you keep on trading without fixing yourself. When there are changes in your approaches then there can be the possibilities for different outcome from your trades.

For example, I kept trading by buying signal from one agency. They gave me continuous wrong signal and I stopped my trading but I keep watching their signal for the rest of days of their subscription. In those days also, their signals was not good but fortunately I did not trade as per their signals. For the next month I subscribed another signal providing house but this time I did not go for direct trading but I just started with them by watching their signal. I concluded there were more than 70% chances for profits from them and then I started my trading to recover losses which happened with a wrong signal company.

I just want to summarize few points from my own experience:
1. I also agree we must need to be optimistic but that does not mean we may repeat mistakes again and again.
2. Rushing toward recovering losses will not help.
3. In my scenario I bought signals. But that is the right way of trading. Generating own signal must be the right approach for sustaining success in trading.
4. Take a break always help. It is time for self-evaluating for NOT repeating the same mistake.

We are in the worse situation of our time because of coronavirus, try harder in trading and learn from your mistake. If you have done all these and still no success, you may have to reevaluate your skills and see opportunities besides trading. You could be successful by having an online business selling your own designed face mask or something. Just saying.

I guess all the traders will make use of the remaining capital after facing losses. I mean no one will go for topping their capital up just after losses so that they will have same level of capital all the times for their trades. If you want to keep going to trade then you must be ready to trade with available capital. When you are good in technical analysis and good in decision making then you can get chances to recover losses from the immediate follow up trade itself.

Your level of capital never be a constraint when you are equipped with sufficient TA and FA knowledge. When you are good in all types of analysis then you never happen to wait for long. Same way, if losses occur then you can easily recover it. Take time to be an expert in analysis then keep trading will go all in your favor.

When disappointments and losses acumulate it seems da to quit trading is only solution. Then needs to.be assesed is that just bad period when we made too many bad decisions and didn't have luck or the trading isn't for us n
I don't support idea to quit trading on the sign of very first failure but trading is very complex and demanding. If you can learn from your mistakes and get out stronger after your losses then you should keep trading. Otherwise, take your time and think if this is really for you or not.

When you say all this i hope you have the difference of hodling and active day trading in mind, if you are hodling for long then it is fine you will definitely recover over time if you are holding good coins while in day trading if any trade goes wrong or your predicted scenario is not met it is better and wise to take the loss and look for another trade setup because if you keep such positions open you can get trapped and your loss can grow in days and it does not goes with the concept of active day trading as well.

Dont chase up losses just like that kind of mindset when you are gambling.Trading might be different in terms of technicalities but the essence of behavior of a certain user or the one who do engage then its just similar.
Always put up into your mind that you shouldnt really spend the money that you cant afford to lose. We know on how risky and volatile the market is thats why tendency on holding for long would be there because its
always been unpredictable.In this case then you can make average down movements to compensate or fill up into those loss by buying on the bottom gradually.Yes, if you do have the money to spend on then this
would be the best thing to do rather than waiting up like forever.Its risky but a worthy thing to try on because if not then you do just stress out yourself waiting for the price to recover before you can sell off your coins.

This part of your word is not good for a trader that wants to succeed because losses are always there if you are pursuing to recover losses, it means you are risking your account to be wiped out. The best advise on this is to see losses as part of the business. Always move on when you lose a trade. Make another order as new trade and not to think of it as pursuing to recover.

Many people say that trading is one of the easiest things we could do to make money just having a good prediction even this is quite right still trading is one of the hardest things to do because if you make a single mistake all of your funds will be done immediately so better make a good analysis on it. Some of the trader deep dive into the world of trading does not have enough knowledge and skills which is not quite good because it may cause of having bad decisions if you want to make more earn profit you just need to have a piece of essential knowledge and make a trade some of the people allowed their user or quest on their platform to make a practice on real-time trading which is good because they can now get the same experience on losing and winning their trade. If you win that was good news if you lose it is just okay it is part of the challenge in trading. It is better to make a lot of analysis of what is your mistake on your trade so you keep a lot of ideas to avoid and encounter this kind of problem again. If you think you have bad trades take a break and make another trade don't make a trade when you are phsycailly, emotional, and mentally not stable it can cause too much loss on you. If you think you really love trading go ahead but keep in mind you must have profit not full of losses.

Well, the more you push through the more it will get worse if you don't have patient in trading. Because in trading there is no easy way of making money.
Dont think too much in quickly recovering your losses because you perhaps become greed if you do that. Correct timing and speculation will make your trading survive even how market is bad. Apply all analysis you had and combine them at once, it is better if you had a lot of sources in making analysis because it gives near to accurate result of the market price speculation. Indeed, it is not good to chase losses, just trade what you can afford to lose and accept the fact if you lose.

There are a big conspiracy theories about the losing the game without making first step but everyone has a different trading lifestyle stories. Taking one step back will be helpful and will not harm trader who has always been patient stone on the major decisions. The rest will always give back the made profits back to the market participants who will be more patiently.

Riiight.

That's the sort of thing someone tells their wife as he yanks her clothes off to pawn them, and that's after selling the cardboard she was sleeping on.

If you're crap at it and consistently crap at it then that's the universe trying to tell you something. Some people aren't fated to make a go of it. You should be carefully managing your risk so this isn't an issue in the first place.

And no one should be trading with everything. If you retain 80% or more of your funds that are never touched then your trading losses will sting but they won't finish you off or drive you to total ruin.

What happen to the old adage: Invest what you can afford to lose?

If you understand that then you don't need to panic when you see your portfolio going down. The problem lies in people who think that crypto is a one way get rich quick scheme. They invested their money and thinking that it will grow literally when they are sleeping.

No, it's not, but if you just invested just enough money and follow the golden rule, you won't be impacted emotionally when the price goes down, you won't struggle, you don't have to think where to get money to bring food in the table for your family. We also need to understand Investing vs Gambling, or Investing vs Saving. Crypto trading is like a journey, there will be bumps along the way, there are losses, frustrations, it's really up to you how you manage and mitigate the risk.

We should also consider that cryptocurrency trading is not for everyone.
We all know that trading is extremely risky, crypto, or non-crypto and it takes time and needs time especially if you are a daily trader or whatever.
Also, the more we chase our losses, the more possibilities that we will also lose again.

I know some of the crypto traders in our local that already stopped to trade because they already lost a lot. Well, I don't think if they already gave up? Maybe they are just taking a break.

Dropping of prices is normal and this is part of the market because if there is no fall then who will make profit?


If you are a true trader,then there is no way that you will eve panic because you know that panicking will never bring you goodness in trading.


this is not what we need to have if we want to trade,because Being a bread and Butter you must know that we should trade at least 2-3 coins each time to make at least assurance to gain.


But all and all?Trading is only for those who has Good knowledge and skills,and also with good instincts,if you missed one of these?then don;'t push to become a trader.

Right, it's not for the faint of heart, just imagine seeing a huge price swing, if you are not that mentally tough to see losses in your portfolio and would rather push the sell button because you are afraid of losing your capital, then crypto investing or trading is not for you.


Perhaps they are just resetting, for sure they didn't gave up, but probably just looking at how they lost and would go back and with the experience they gain, this time, it will be different.

Yes, you are right. But we can prevent the risk by learning more about trading, so we know how to pick the coins, and we can know when we can enter the market. Yes, it will need time before we can make ourselves familiar with the market movements, and only with learning, we can find the time to trade. The possibilities to recover losses will always be there as long as we don't give up to keep trading. But we always need to be careful, and always analyze the market.

If we can do that, we can recover the losses slowly, and we can make a profit too. But that will need time, once again, and it will not be instant unless the market gets the pump so the price can increase so high.

Not all has a success stories in real trading. There were times that I lose all even my capital in trading but that makes us to become a better trader. Losses teaches us what to do next, it doesn't necessarily mean that we give up.  Sometimes we just need some break, gain more and more knowledge and tools to be ready again for the risks that trading may give.

Skills need to be learn here in order to maximize our profits. Yes, we all know that trading is risky business, heck, we heard so many members you have lost tons of money, it is really hard to be a trader here and not loss along the way. Crypto market is one of a kind, others even compare it to gambling because of the risk.

To the OP, it might be a good idea to just take it slow and look at your trading strategy and improve it. Chasing you lose might bring more pain in the end.

Due to the high volatility of cryptocurrency and bitcoin, it is really a risky to trade without any knowledge and experience. In fact, even you have those criteria, you can't guarantee that you will take profits in this market. But then, it is advisable for those starters to read and watch tutorials in trading.

Another is that, we must trade the money that is excess in our monthly budget. If we cannot sustain our daily lives, probably we will sell our hodl coins even it is not yet gaining profits.

Patience is always the key to earn or to recover from lost because of our trading mistakes or because of price volatility. Quitting isn't an option if you want to earn money online or in crypto specially this pandemic situation that most of the people has no work. Don't stop, instead try and try and learn from mistakes to make your trading successful and profitable and avoid losses.

Being patience in crypto trading is one of the traits to become successful here. And our patients can be measures through how volatility will move in the market. Especially, if the price market is unpredictable. Besides, this is the real things happen in this field of business in cryptocurrency anyway.

First, I was breathless.  ;D
Put some period (.) next time inside your paragraph.  ;)
It had been discussed here for a lot of time.
Being positive, to not panic, regrets and different kind of emotions when trading.
I guess what you could do is to be more mindful of what you will trade.
You cannot just decide because it is hyped or many users in the chatbox are saying so.
Do it by lots of research and monitoring.
That way you might predict what will come next.

As long as you keep on improving.

There are a lot of people that when they tasted how volatile the market is, will start to be mad at it and stop investing leaving the market with losses. Despite the losses, we should continue investing and gain knowledge to how we could improve ourselves. There are a lot of people here that share their investments, share their experiences, and share other kinds of stuff that can help them, there are a lot of people that want to help. 

Your strategy cannot be applied in crypto currency trade, seriously.

It might help you if you are an investor, especially a long term investor. You can buy every level of price (especially bitcoin) you can hold it although its price is decreasing a lot, you just need more patience.

In your case, I mean if I found the situation that you mentioned I'll be better to evaluate first my strategy trading and learn about my mistake and spend money again to trade when I believe I have more confidence to gain profit from my new strategy and my experience.

Trading, especially trading crypto is not how rich you are and how much money you have to be spent because just need several times you'll lose all of your funds. But in this place, you have to try hard to learn the market circumstance and you'll be fine although you spent a little money and you get profit as you want.

Common noob mistake is to follow up some advices that they can able to read on troll boxes which is really a bad idea.

I wont deny that when i do first tend to make up some trade when im still noob where everytime i do read up any suggestion from chat boxes

i do eventually follow it out then buy the coins that been shilled and in result i do hold tons of shittokens in my bag. Mistakes are inevitable thing

thats why its important that we should really learn from it.

Don't give up too easily but also don't try to chase your losses too hard which may end is more losses.So what we need to do actually when we are losing while day trading is taking a break which helps you to recover the confidence back while you are in break work on your skills.

my advice, use a little capital to play trading futures, I already have experience, with a small capital of your emotions will be controlled, but if you use a large capital, I'm sure your emotions can not be controlled, and then you lose many times

From my own experience, trading is not something we can blindly believe to achieve something big when we are actually not doing good. I mean you may remain optimistic about becoming good but just keep trying without improving yourself will not help. Because if you keep trading, you may face losses continuously. If you take break to analyse what is actually missing in your trading then you can save your capital and that same capital may help you to become rich if you are skilled enough to trade among less losses.

If you are making less number of losses and more number of profits then there is a point to continue your trading. Just for few losses, you never need to give up. Because, it is a common saying that even professional traders also making losses time to time. So, we never need to get frustrated just because of 1 or 2 losses.

Be courageous when you engage in trading as it will be the basis of your stability in trading, never lose hope and don't be discouraged every time you experience failure or losses. Sometimes, you need to experience those kind of things for you to become more effective and improve yourself in trading.

There are people who are treating failure as a lesson, you need to keep that mindset that every time you fail, you will bounce back on that. If you are really good at trading and you become more effective, it is now easy for you to earn profit and master the movement in the market.

You just need to keep on track and always manage your assets so that you will never have a hard time trading and deal with any transactions.

capital is gone then people will give up, it has also happened to me,
and makes me think mistakes are teachers, and now I use less capital to reduce risk

Unless and until you did not invest in pump and dump shit coins why you want to sell at a loss, if you are aware of the circumstances on how the market will behave, what is the need for panic even if the price goes down ::). The primary rule for trading is to trade with funds that you have left for that purpose and not the money that is needed for daily purpose :P.

Why move away from BTCitcoin when you have the most volatile coin which is a dream for every trader, you do not need any complex algorithm to understand the price movement, invest when the market goes down and wait and you can make a huge profit in the long term.


All the trading standards are applicable only for top coins in the market and not for the shit coins .

Quitting doesn't mean that we are giving up but it was something to tell that ourselves that trading might not for us if we always suffering losses or we need time to find where we getting wrong.  Because what it makes sense to continue trading if we keep losing all the time. We don't come into trading just having like this and just throwing our money but to make gain and become profitable. If we really don't understand what trading should be and find ourselves out from it, we better move on and leave trading rather than to keep losing.

Well, sometimes people who have lost trading need time to get back. however, stopping trading is not a sign that the person has left this business. I know some people who have returned after a long time not trading because of loss. however, they will keep coming back when they see a profit opportunity in the world of trading.

Right! Stop trading is not the same as quit trading! We all need to keep our mind fresh, therefore, sometime we just need to take a break. You can't trade with a lot of pressure and thoughts in your mind. Especially after loosing some capital, you'll think a lot!

For me, I have lost quite a lot in trading by the first time I joined the market. However, I found out that the mistakes that I didn't have enough understanding and knowledge about the market. Instead of leaving the market, I chose to gain my knowledge and skills, learn some techniques to become a better trader. After all, I'm now able to earn profit by trading. DO NOT GIVE UP TRADING IF YOU STILL CAN DO SOMETHING TO GET BETTER.

Less capital, less profit. So think of other possible ways on how can you minimize your risks using any amount of capital. You just need to deal with that, you need to make some strategies that will make you grow in your trading assets. Everyone should know the essence of knowing how to do risk management in a trading transactions.

Making reasonable strategies and plans before making transactions can really help you whenever you trade depending on the market. Always practice good decision making and never give up when there's a failure and mistakes in your trading. Learn to grow and become more effective just by reflecting on your results in trading.

You should learn from your mistakes if you want to continue trading because that will gives you more information about the mistake that you've done before. With knowing the mistake, you will have a chance to prevent to make other mistakes, and you will also have more experience in trading, which will be useful for you. Yes, mistakes are teachers for us, and from that, we can slowly improve our skills to better, and our chance to make a profit will be wide open.

Never give up in trading, and still learning from many sources so you can be able to make a profit, and avoid the mistake. It would help if you had confidence in trading so that you can analyze better than before, you can know the time to enter the market.

Well losing is part of being a trader no matter how good you are, even pro traders are experiencing such scenario so what more for newbies or an average traders. What important is how you deal with it by accepting the situation, its not the end of your trading career but it can be a stepping stone to be a better trader. Dont be discourage and lose hope, keep learning because those losses and mistakes you face can teach you a lesson of what should be avoided or do the next time you trade again.

Yes, I am currently trading at a loss, but I am still trying to find a perfect trading plan. Although my losses are not much compared to others, I still feel that I have failed and will try to trade successfully. Currently, I have open orders less and choose a more reasonable time to trade. I think new traders like us should spend more time observing instead of trying to trade profitable. Observations will give us many wonderful experiences.

Observing and observing is always necessary when we trade, most of the risk comes from our haste. Only a few people give up when they fail, many people are restoring their balance in the current market conditions, you can choose this time.

True! Observing others and learning new knowledge and skills are very important in trading. Don't be too hustle to trade or you'll face great risk to lose your capital. Importantly, learn from the failure, don't give up! It's a hard way but a good trader always keeps it up!

yes I will correct the trade of course from the mistakes I made, because I am sure that for example I will continue to learn and try to be able to learn to increase my trade, of course I will be able to benefit according to what I expect, losses in trading for me is a natural thing, but a trader will not always lose for example we want to continue to improve our trade and have the intention and desire to learn to be a big trader.

Losing is a big part of trading, there is literally just 2 parts of trading one is winning but the other is losing, theoretically there is no other option, so if you lose that is normal and that is 50% of all trading, there is really no need to stop trading just because you lost. That loss that hurt you a lot and make you want to quit? That will not be the last, if you continue you are going to lose again, you may even lose more, you will lose bigger.

However if you continue, there is a chance you can recover, there is a chance you could make that money back and make a lot more on top of that, so next time you will not be trading with 100 bucks and lose 50 bucks, next time you will be trading with 1000 dollars and lose 500, but remember you were the one that brought it from 100 to 1000 to begin with.

trading is a difficult thing, indeed many people give up when they experience losing a lot,
and it's natural, but if we want to succeed the way is like that, so try again with small capital

Telling people who constantly makes losses and never learn from their mistakes and do the same again and again to not give up is not healthy. I get it, investing into bitcoin is profitable, I am very bullish on it as well, and trading is usually very profitable as well if you wait enough time, however that doesn't change the fact that if you are not one of these people, if you do not have patience, if you just lose every time you get into bitcoin, maybe giving up is not a bad idea.

Bitcoin is not the only thing you could invest into if you want to make money, there are tons of other ways to make money in the world and maybe you should focus on them. I personally like bitcoin not just because I can make a profit, but I also want it to replace fiat in my life.

Resilience, I think, is key to trading. There will be times when the market would be very unpredictable and consequently make more losses than you'd wanted but if you don't keep at it, if you don't keep trying, or learning from past experiences you're never going to succeed in trading.

Then, good to see that he's coming back. And I hope this time that he got enough knowledge and could figure out what he has done before he leaves. If still there is nothing change and losses still on his ends, I don't know how to tell this but frankly speaking, He's not really for trading.

It might also in a big factor in the current market situation but of course, we can't simply think that this will give assurance for him to become profitable because it all relying on him, his strategy, and most of all on how he manages his trades. If he got all of these things well executed, he has already been secured.

Very true we should not easily give up when failing when trading, because to be able to succeed in trading indeed must be persistent.
Give our best efforts, then one day we can be successful and can generate large profits. Especially crypto trading has many surprises,
because we can use volatile crypto prices to make profits in trading. So when experiencing losses in trading is a normal thing, learn
from every mistake we make when trading. Then we can rise and become successful traders.

Actually in trading maybe you feel bad emotion due to some unexpected volatility of income and competence however you should need to use a diplomatic system to survive on your daily routine in line with businesses and also maintain your conducive customary I mean, be productive at all times.

It seems too impossible to be productive all the time. Every day is not a lucky day for us ( we know that) because of its volatility and having this market condition would like to test us how strong we are in times of difficulties and how smart we are to face the challenge. It is all means that we may lose today, maybe tomorrow as well but is it too weird if we keep losing all the time.
If we easily give up and it feels hard to understand the market, well, trading might not work for you as well. And that was bad to push ourselves either to a thing that deep inside we also don't want to perform.

You got the point. However, I only give up when there's nothing else I can do. I will try my best to do the best as I can in trading. However if I keep losing capital after all the efforts, I'll quit! Knowing when to start and when to stop is also a good lesson to learn.

Actually the real thing is, losing is part of this kind of business, sometimes we are in high and sometimes we loss even more, but if you have great mindset and understand this principle then it is easy to cope up to this.
This trading business is really great if you can manage well because unexpected fluctuation.

"Do not give up keep on trading" that is a good motto for every trades, once you have quite on trading, you won't be able to return the money that you had lost. The only thing to return it is to trade again, but do not be so greedy, if you feel like you are really unlucky at the moment and you keep on losing whatever you do, then you should know when to stop. You should limit yourself as well when you do trading because readiness is really bad, the worst thing that might happen to you when you are so greedy is to lose all of your money and property.
Indeed, if you have done so many things and you still keep on losing then you should realize when to stop. Try to focus on other ways of earning money, maybe reading is not good for you. It

many people quit trading because they were disappointed with the situation. many of them cannot read the situation and feel the loss. to be honest, I have also just been disadvantaged in trading, but I'm not too concerned about that because I only trade when I really want to do it. Well, it's just hard enough to encourage people who are disappointed with trading.

Holding bitcoin and altcoins blindly is never a good strategy, especially when we are in the middle of a big crisis. Why dont we just sell some of our bitcoins and wait for the price to drop lower and re-buy ? I used to hold a lot of bitcoin in 2017 and it was my biggest mistake. I never wanted to sell a single coin because I believed that I would become extremely rich when bitcoin hit $50000. However, as you can see, bitcoin never surpasses 20000$ and after that event, it started to drop to $6000. I suffered a huge loss back then. Then, I realized many things and I have learned many experience but I never regain my loss. My advice: dont hold your coin blindly unless you are a great investor who strongly trust in the fate of bitcoin

There are traders who lose and there are traders who makes money, that's the reality in trading.
Actually, I think most traders are happy with the current situation as the price did not fall even if more people are expecting it will since there is a global pandemic, and it's still happening until now but bitcoin remains strong trading at close to $10,000 from it's dip which is around $4k (more or less) this year.

This showed how unpredictable the market is, and it also tells us that we have to trust bitcoin.

The trading where an executing broker places a trade on behalf of another broker. It is called crypto trading because the broker executing the trade of market. Trades on behalf of brokers and customers into one account which later gets allocated between the different brokers who most likely clear their business through various Futures Clearing Merchants.

You wont lose nothing if you wont sell anything. You do have bitcoin or alts in your stash, it might decrease in fiat value but doesnt mean that its the end of the world.

The thing here is that people are just too impatient thats why they do panic sell and rebuy later on.They do repeat the same mistakes all over again but as you do

involve yourself into trading you would able to meet up circumstances that would really give out some learning that would be beneficial to you.It depends if you do

accept it or just simply quit after experiencing some problems.

I found method that is working for me right now and the funny part is that is really easy to follow step by step:https://www.flipsnack.com/500Dollarsperday/massive-income-by-crypto-unite.html. (https://www.flipsnack.com/500Dollarsperday/massive-income-by-crypto-unite.html.)

Good luck my traders brothers