Bitcoin Forum

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

With me it can take anywhere between 2-4 but I do mainly long-timeframe trades. Essentially anything I think isn't a breakout from too much of a rise in volume or too little resistence, I normally assume it's me that's wrong.

It could be 2-3, there's no reason you if exceed on that range since you already know that you have already a failure within consecutive losses, in the first failure it serves warning should learn mistakes, second, trying to correct your mistake and in the third times, that is too much just leave it and find another one.  It's really hard to predict and make your own strategy, trial and error don't seem to work either.

There are too many strategies to try, but all of these didn't have any guarantee that you will succeed in trading.  Plus another factor is, there's no real strategy that gives assurance of gaining profit, all of them will remain predicting the market.

and to make the situation more complicated, the trading strategy deviates from one coin to another. the strategy that you used before may not be applicable to a new token in the market. so for me, you can't really tell how many losses you can handle especially if you are talking about different alts. but each loss should give you specific lesson in trading. it may not be applicable to your next trading activity but you can always apply it when the situation calls for.
for sure, most of us have had so many losses in crypto trading already and yet we are still here, trading in crypto market. each situation will give us more insight on how to handle our funds better. we should not stop trying as it means giving up in this market.

There are so many factors such as my win rate before I started making consecutive losses or how tight my stop losses are. Tighter stop losses means my account won't take a huge hit whenever I make a wrong call, so I can make as many consecutive losses as possible minus getting concerned. Maybe 6-7 consecutive losses if my previous win rate was above 60% with the same strategy

I could still take until 3 losses, that is supposedly 3 consecutive losses then we could certainly be seeing it is no longer effective and a must to change a new one. If we are seriously doing this trading you can assess your strategy if it is still working or not, as not all the time it works too well, there is a time that not your strategy is the cause of your losses but sometimes is due to our emotions and wrong decision.

3 straight losses were the max for me to think about I'd stop using this strategy or to take some rest.

Hmmm, I am not really basing on consecutive losses since sometimes my risk: reward ratio for each trade I do is different.
But if ever all same risk: reward ratio and trade size, more than 10 consecutive losses will become less effective, since I have a small position size for every trade I do.
That's why capital preservation is extremely important when we do trading.

The market today truly had changed because we now see how much the inflows and outflows to and out of the exchanges and sometimes the strategies that use to work doesn't anymore. The indicators show something yet the market acts differently and that is why you as a trader will somehow think the market is rigged. Well, you're not the only one who thought of that.  The only strategy that works well in crypto is long-term investment.

Probably in the range of 5 or more tries. Then I switch trading strategies, but I go and see what went wrong with the previous losses, and try to found out what could I have done to avoid those losses and not to commit it again.

And it just shows that there are no perfect strategy, sometimes you get lucky with bad trading strategies, but most likely it will lead to such losses in the future.

Mid-long term trader/investor here. 4 consecutive bad picks would probably be where I start to doubt myself but would probably think that it's just "bad luck", and 5-6 consecutive bad picks would probably be where I start to deeply re-think my lifeinvesting strategies.

^Thankfully the last time I've had that bad of a track record was in 2017-2018.

The generally rule is, if you are having a bad day and keep getting loses its best to take a break and come back tomorrow to trade. Because this is the spiral that leads to most traders who end up losing all their capital. In Poker they call it going on Tilt. It means that you don't make rash decision anymore and the trades you are taking are making no sense pretty much.

You can easily see this in the markets. Say the market is going up, most retail people enter. Then all of a sudden there is a huge crash. Most of the people get liquidated or stops get hit, and then there is usually some huge move back up. And thats when the retail people get liquidated again who went short. It happens alot in crypto and its very bad to get caught in those moves.

If this be the case then take a break instead of quiting, we have many traders that give up so early and easily which has alot to do with them not trading in their safe zone (that's using funds that won't cause much damage if the trade don't get their way). Someone using a trading capital of $1000 or above doesn't have to wait for much number before he realizes his trading strategy isn't effective anymore for him.

My consecutive losses to take a break is three, like I always say to myself three is a pattern. If I missed a trade, I'll consider that a mistake, two will just be a coincidence but three has to be a pattern which means I'm heading in the wrong direction and my strategy isn't working anymore. It doesn't matter what your conservative loss number has to be to rethink your strategy but do learn from everyone of them to avoid making similar mistakes in the future.

I think two is enough, or maybe three, just in case you feel you should go further and try. You shouldn’t try too much, because if you keep trying you will be losing too much of your money that you would have used the right way. So, two or three is enough for you to take a break and then start looking for a solution to develop a better strategy that is going to work out for you. Though another thing you have to know is that the way you use that strategy matters a lot. And it’s good to not forget to make use of important tools that will help to reduce your risks.

For me, every loss will give us insight into where we made a mistake while trading. It might not be useful for the next move but it can be applicable for the future one when the time calls for it. Still, to be precise, it's a maximum of 2-3 losses because by then I came to know that my strategies aren't working and what to do for next. To not make the situation complicated, I will start to apply different strategies for one coin to another. Everyone in the crypto industry must have experienced the loss at least a time still we all stands here and trading. We shouldn't stop trying until we succeed.

Most times the issue is not with the strategy but with the analyst. There is this excessive confidence that comes with trading for longer time and this is where lots of traders get stucked. A trader might have a sweet strategy but patience to get a confluence before taking a trader becomes the issue and end up getting stucked which result in losses.

For me once I have three consecutive losses at a stretch I suspend trading for one week go back to review my trades , take up new trading courses, correct my mistakes then bounce back to the market

Well that's a quick exit and I think I cannot recover my losses by doing that since its really hard to earn  if you quit quickly that's why I set some amount to trade and if all of my capital for that day has been drained that time I stop and comeback on the next day. But actually we have different strategies upon handling our losses and we should stick to our plan then never try to break it so that we will still at a good phase even if we are losing.

one or two losses is enough.. And that's very obvious tho, that your strategy isn't working anymore .. So better to stop trading and take a break instead of pushing your strategy even it didn't work because you will end up nothing with massive loss..
Make another technical analysis in order to build new strategies because that's the most important, for me 1 to 2 hours of studying the graph perhaps its enough to make new strategies.
But just relax or take a break before making decision to refresh your brain and never force the situation.. Try your luck in other day because if it's not working well you cannot do anything with that.

Back when I was doing short trades, I can handle around 2-3 losses since I tend to quit early when I see (or at least my read says) that the market would go down and I wouldn't profit anymore. I never lose that much since I make sure to take a closing position where I wouldn't lose out that much but would still be able to handle a small dip that wouldn't make my position close. It sometimes make me lose out on possible profits though since I want to minimize my losses, but hey, that's how I go.

If i make consecutive 2 to 4 losses within a period of a week, I am likely going to stop and clear my head and restrategize! These kind of scenerio happens when I must have made good call consistently over a period of two to three months. At some point, I begin to get profit apathy,  and I could start making wrong call from that point forward!

Well that depends on an individual. For me, it is not based on the numbers of trade but it is based on the amount of money I've lost from trades. If any particular day I see more 20% loss from my capital trading amount I stop my trading activities for that day. So there is no straight forward answer.

Also, in crypto trading it is very difficult to follow a certain strategy as the market is super dynamic. So it is wise to take decisions as per the market dynamics rather than depending on a particular strategy. The only strategy is to safeguard the capital in case anything goes wrong.

I do not think 2 or even 4 losses in a row invalidate your strategy,,, that is what stop loss is for, you still have to try a long sample for all strategies and in all market conditions only then can you see if it is working out or not.

Nevertheless taking a break is always good to sit back and reconsider how you felt and why it happened.

I think until all my money is gone i will stop doing trading. But i rarely do future trading so maybe i still can hold coins that i already bought. Because in future, big chance if we can get liquidated and it can made all our capital in future balance gone. But in spot, as long we not sell our coins, we still have chance and only need to hold our coins for better price.

If I were to be asked like that, I could handle at least 2 to 3. However if I treat the money that I’ve traded as “dead money” or an amount that I can afford to lose, it could be a bit more than 3, 4 or so. It applies to all types of trading. In copy trading, I’ve even experienced losing up to 5 times and I just stopped.

This question confuses me because if I lose in trading, let say the price is down, I will not sell the coin instead will hold for some time. I do not consider that is lost because the price will increase again, no matter if it takes some time to increase.

When I trade, I do not use too big of funds to buy because I know that I do not have to chase a big profit but a small profit is enough for me, especially if I can take the next profit. So, whenever if the price is down, I only need to wait until the price increase back.

If in one trade I lose, I will use the other money and move to the other coin and if I got another loss, I would just stop for a while because I guess the market moves is unpredicted and if I still trading, I can get more losses. But sometimes, I only trade in one time to check how good the market move.

5 failures can be your luck in copy trading as since this feature was just launched, many people have become slaves to a few experts on commissions, they are the ones who get ad invitations from trading apps and these apps pay and improve their win rate, aim is to target newbies and no time to trade, entrust opportunities and ultimately, burn user's money. The number of losses to determine the effectiveness of the trading strategy, I also think 3 times is enough, testing more than just exhausting our selves

In my assessment, as an individual traders here in cryptocurrency you can only loose if you sell your assets at the lower price of your bought price value. But if you are not selling your assets in the exchange platform even the price goes down I cannot say your losing your capital, of course not. And if you think that the value of your assets is not progressive better for you to find other coins that are much better than you are holding it at the moment.

People have different tolerance levels for loss, personally, 2-3 is the region I start questioning things. As many people are aware, the success rate depends on the strategy used and timing as well as use of a stop-loss.

I mainly do long-term trading and a few short-term trading and I try to not be market reactive - I've learnt over time that this is when you lose most of the potential profit! So as long as the loss can be justifiable I keep at it - sometimes might also be due to the nature of the market involved - so being aware of these factors helps tease out where the error occurred to avoid next time.

Every unprofitable transaction requires identifying the reasons that led to the loss. And if, after such an analysis, the next trade is also unprofitable, it is necessary to take a break in trading until the market becomes more understandable for you. The main thing in trading is not to give in to emotions in the hope of quickly recovering what you have lost, otherwise your losses will become even greater.

I divided  my whole portfolio into two parts. In first i have invested on long term coin like Doge,Ada,Eth,Bnb. I have no tention whether market grow or dump.
In Second part i invested on high volatile coin which can give me 2× to 20×. I can afford only 4 consecutive losses. But still i am safe from 4 consecutive loss.

Some of the losses experienced when trading are due to ineffective strategies and the wrong way of trading. people who continue to lose don't learn from their previous mistakes. It's not just strategy that matters, psychology when trading will also affect the final decision made.

Do good management before trading. Everything has to be thought about. Don't trade without good planning. study technical analysis and fundamentals so you know where the market is going.

There's no exact number for but if I lose about 50% of daily trading fund that I impose when I trade, I would probably stop trading that day and collect my thoughts and ready myself for the next day. I think that will be the only way to survive in trading, you blew off big time, you stop early to prevent losing too much.

I could actually lose all the time, you know why? I do not end up trading with too much of my money, and that is why I do not really feel like anything at all when I lose. Think about it, if you keep it at 10% constantly and that is why the biggest loss I could ever have is 10% of my entire portfolio, and that doesn't change constantly neither, like let's say I have 1000 dollars, and I have 100 dollars trading, just because I lose 100 bucks doesn't mean that suddenly I have 900 and will trade 90 dollars, I still consider that 900 dollars as my investment portfolio and I will use another extra 100 dollars for trading when I find it, and mean while increase my overall investment neither.

So, long story short I never lose too much, the biggest loss could be 10% and I usually do not really spend that much money on single trade neither as well.

I rely can't place a timing on it but, it would comeore as a feeling to me. Emotions are a bad way to trade but certainly not a bad option when it comes to considering your trades gone wrong. Perhaps I loose trades in a day and then a second day and then it tends to move the same way with with particular strategy then, it ought to mean something to me. It ought to tell me that, the strategy in use isn't just working and then the need to look out for a different way to trade the market while, taking notes on what seems to be causing the changes in the market and how the market instruments responds to it.

There were times I uninstalled crypto-related apps when I lost in trading when I just saw started, but somehow knowing that trading is a future we will truly find ways to learn it. It's hard especially at the start, there were times we will lose our money many times until we can realize what we can do and know that its a worth trying. It will depend on how much we lose and still how were able to earn and survive the greedinrss and decision making part. Though, it will always be tgere but atleast we now know how to maximize the winning and minimize the losses.

If there is no strategy then it's pure gambling. Even if you scalp the market you can't just trade against the trend and expect to make profit. They market it self comes with lots of surprises because even experts experience losses how much more one without a strategy you will only end up paying those with a strategy your hard end coin

5 consecutive losses and it is losses by the way OP, not looses. I switched my strategy to long-term when I consecutively incur losses 5 times, buying and selling my preferred coins.
I just go and decided to "f it, all into Bitcoin" now. It was a newbie experience anyway, but I guess emotion came through me that time.

It was countless when I had entered this field. Most of the traders in this field will lose some money and earn a experience and not a profit. The profit is not a matter at the initial stage.When the market up and you had learned the trading, the profit will knock your door every day.

That suffer 5 consecutive losses will surely tell that our strategies aren't effective anymore or it was a sign to quit. I think we don't need to force ourselves seeing this is a sign that trading isn't for us.

For me, I could take 3-5 straight losses and it was enough. Maybe I have to stop for a while but if it is the same results during my next try, I couldn't dare to continue making myself compromise with such losses. This will signify that we are not destined to become a trader, maybe there is a right place for us.

Mistakes are your best teacher but would really be depending on how someone would be accepting towards their progressive learning towards the market and not all would really be having that kind of mindset on where they should learn up something despite of those losses.

Asking me off on how many consecutive losses that I do able to handle then it would be limitless but im trying out to minimize as best as I can even though it is hard but doesn't mean that it would be
impossible.

Just do gain experience as you go forward and learn everything that you could encounter and make analysis from it.

For me it's 4 straight losses that burns me from inside and then I stop trading for a while and analyze my trades.
I don't step back in before I am really sure of what I am doing. I usually change the coin or strategy for trading before I get back in.
This actually happened recently and I faced consecutive losses. Now I have started accumulating the losses again by other means.
Once I get enough I will think to start trading again but until then I will probably be on a break from trading.

I think the first question that comes to my mind is that if you have actually tested your strategy with the previous movements of the market to see how it behaves? If you have not done so then how could you be able to tell if your strategy is becoming less effective? After all there are many instances in which you are just going to have some bad luck and you are going to lose many times in a row, I remember paper trading once and my system lost 22 times in a row and yet it was still profitable, but how? Because of my money management skills that kept those losses small.

I can't count them all, I can have as much as losses as I can but it all depends on the budget. As long as I've got that budget that's already dedicated to trading, it's all up to how many times it can go. But if being in my mood and I think that I've had enough already with my trades, that's when I'm going to stop whether it's just 1 or 2 losses then I'll be stopping. Then if I keep on winning, I might stop too and just take it as the day, just as the same when I've got enough.

Maybe in times of bearish market I certainly accept the fact that my trading strategies will be failure and ineffective. But this time of huge market potential while we observed that bitcoin keeps growing, I can handle losses with minimal percentage and consider things effective. No matter what happens on your trading, you still have chances while market activities kept changing everyday along with fluctuations.

In this market, really hard to count all the losses that you have. As the market can change in seconds, you can lose fast in that time period. So it is actually hard to identify those points especially if you have no reference. Unless, your only reference is the price where you bought it. Then, it is easy to identify whether you lose or not in the trading as you compare it to your buying price. But in general, hard to count as we trade a lot of times and that is hard to track.

That is a new word profit apathy  :D. It happens to me while i am gambling when i keeps on winning for months and then i end up making some bad judgement calls simply because i am too confident and wanted to take risk and that is the case with investment. You make money and you think that all your calls will end up making money and it is these judgement calls that can ruin your months of work. I would usually take a long break from any similar activities and now i would take a break when i have the feeling to take much risk.

Well, what I meant to count them are for those that I accumulate continuouls in losses which means that I cannot attain to count them if I have to handle those consecutive losses.
Maybe, I can handle as many as I can but no way that I would want to keep losing entirely with my funds and that's why handling those losses will really depend on how much my budget is.

It is definitely our available capital dependent and at the same time I'm having the principle of immediately stopping right after a loss. This will help me not facing consecutive losses due to sudden change of market conditions. So, whatever strategy I will be following in one particular day, I may not go for consecutive losses as I will be taking time to analyse for what casing me losses and how a loss happened on my first loss itself.

Usually traders are trying to recover their losses on the day itself which might be the reason why they are facing continuous losses regardless of their strategy and market volatility. If you are taking time by realizing like there are enough opportunities are available for every day and there will be no need to rush on the same day itself, then we can avoid more losses happening continuously.

Indeed. I can also handle losses as many as I can because I know there are lots of chances to get profit. When you lose many times, it means that your strategy isn't working anymore. So better to stop trading and take a break instead of pushing your strategy even if you know it didn't work because you will end up nothing with massive loss. It is better to make another technical analysis in order to build another strategies because it is very important. Studying the graph for at least 2 hours will surely enough to make another strategies. But before you make any decisions, try to relax and take a break to refresh your brain for you to create the best decision to the situation.

If the trader sets himself the task of returning the lost funds on the same day, then in this case it becomes like a casino and usually leads to new losses. Without an assessment of the market situation and the reason for the unprofitable transaction, it is not necessary to open a new order.

I can only handle 3 or 4 and I'll just stop trading for a few weeks before I resume again. Most of the trades I do and positions that I take are meant for the long-term, and I do this in order to avoid losing too much money by doing impulsive decisions based on others' analyses or my own emotions. Luckily I have never experienced such a streak, as I learned to never sell at a loss and just hold the coins that I have even if it means seeing red for a few weeks straight. Right now, I'm just buying and holding, and it's way easier than to force myself to trade directly.

I also can take only this many losses, and whenever I do, I take a break to clear my mind and align my emotions once again. It is also necessary that I do technical analysis during this time to formulate new strategies and be able to study graph and the movement of the market. Trading for short-term objectives can be really stressful and much harder so I personally opt more to long-term.

2-3 losses would be enough for me to stop for a while. I usually allocate enough funds or a portion of my salary for trading. That portion is the number of funds that I could afford to lose. I make sure that I won't have regrets in the future so I'll know when to stop and when to continue. It's just a matter of self control for me.

OP firstly what do you mean by consecutive losses? Does that mean our whole capital is lost?
As in trading you don’t lose all of a sudden.
It’s an up and down moment.
If you say me about this thing, then recently i had bought some coins of 2500$ by getting a tip.
And sadly due to my luck, it went down to 1300$.
Then I realised that my strategy is not good and i quickly started my backup plan.
Everyone faces something like this and i am damn sure.

I guess there's no set number of losses after which you realize that trading isn't your thing and is not working. It all depends on how much loss you are making each month and whether or not there is any improvement in the results.

For example, if you had 1k capital and lost $50 with your first month of trading. Now that's fine as long as your loss in the next month is not more than $50 because it shows you learned something and are improving at it.

If you are losing more or the same amount each month, it simply reflects the inability to learn and maybe a sign to stop.

Yeah, taking a break certainly helps if you aren't getting desired results from trading.

I usually trade multiple coins and it's hard to say if I ever had a losing streak or consecutive losses because I face loss in some trades but bounce back nicely in other coins.

If you are only sticking to trading a single coin at a time, it's quite easy to count your streak from the trades history and determine.

For me I can't really handle much loses especially when it's happens after one and other creating phobia of loosing more if one stays in the trade. Continuous loses can affect a traders' psychology when it comes to trading and maximizing profits. Although the aim is to make money in the market but at the same time we need to try our possible best and control ourselves in order not to be affected by trading phobia. The market is not friendly but one can utilize their power when they see opportunity to buy more or sell more provided by the market volatility.

Yes the market isn't friendly to any trader which is why we need to be careful. Taking opportunity doesn't mean that we have to throw all our money into the market because we think the opportunity is ripe but it might change at the long run , the reason we need to use our stop lose and this is very important.to do

Just like gambling, one should pause trading if one is facing loss one after another. Maybe the attitude needs to change and taking a mini-break sometimes helps you realize what recurring mistake you were making because there is no way you are losing just every trade unless there is a common mistake each time.

I am not saying you should just stop trading completely. Taking a break means it's time for self-realization and analysis of what's going wrong which is also a part of trading. Sometimes when people aren't trading they feel they are losing valuable time, that's not true. Self-realization and analysis of own trades are just as important as trading itself.

We'll be stopping if we think that it's no longer bearable. But as long as I can bear the losses, I'll continue but I won't be making myself at almost zero balance just because I've got a pride and ego in trading. As said by many, emotion won't help us when we trade because it's going to lose us everything. It's not a boast that we can take as much losses that we can, it's just that our tolerance differs from the others and others can justify themselves why they can only take few losses and then stop because it's part of their strategy.

Handling your losses is depends on your emotions and capital. If your negative emotions are higher than your positive view of your trade, it will ruin your strategy and it will cause huge losses. If so, it is better to take a break and calm down before re-trading. But if you don’t have capital due to successive losses, I think that’s a sign to leave trading and find another type of investment that is suitable for you.

For me i don't really welcome much losses, I try to make sure my trades are good enough and onset and if a trade gives me a loss I will check if I got enough equity I will do hold on the trades and be rest assured it will end up in profit. Well I think the amount of loss I can handle depends on the account size, if I got a bigger account then I can handle up to 3 or 4 loosing trades and if the market doesn't moves in my favor I will know such strategy isn't working for me any longer so I did change pattern of trading

The effective work of a trader is related to how much he can emotionally restore his strength. And if a trader cannot recover, then this will necessarily have a negative impact on his transactions. Therefore, after the second unsuccessful transaction, it is necessary to analyze it and take a break from the market.

Indeed. Risk is always been there in trading, it is up to you on how to handle it. Once you experienced losses so many times and you can handle it and you don't mind it, you will be successful in your trading. Indeed. The effective work of a trader is related on how much he can emotionally restore his strength. If he can't recover and lose money again and again, it will give a negative impact to all his transactions. So, if you want to be successful in trading, analyze everything first and make sure you have proper knowledge about it and you do a lot of research before entering this kind of platform.

Having that kind of system gives you good opportunities in adjusting your strategy.

Working system is very important as it will give you an edge over those other traders who don't have any. Traders that have capabilities to assess and understand the potential of those assets that they are using for their trading have a better chance to earn decently. It's a good practice to give some time with your strategy as crypto trading is too volatile. Rushing each decision can cause you to lose more.

analysis is very important. use technical analysis and also Fundamentals must be considered. Technical Analysis and Fundamental both have a relationship about crypto prices that will move.
not just analysis, capital management and initial strategy must also be determined. do not trade without knowing the direction and without a goal. All should really be considered. consecutive losses because they do not care about the aspects that must be done before starting and when the trade is made.

While trading is very hard one of the easiest ways to know if you have what it actually takes to become good at it is to paper trade, if people took the time to set up a strategy and then paper trade that strategy for at least 100 trades and they were to see what were their results then they could easily see if they can become good traders or not, after all if you cannot succeed under those circumstances which are the most favorable then you should not try to become a trader at all.

Consecutive losses will not occur if we do careful planning before trading. Most people think trading is too easy, they think it's just buying coins
at low prices and selling them when prices go up. Even though trading is very complicated, there are many factors that we must prepare for.
So as not to make the wrong decision and make us suffer losses. As you have explained many things that must be prepared before deciding
to trade, we must have good analytical skills, and can also use well-planned strategies. So don't trade without any preparation, it will only
waste our money.

Consecutive losses does only happen when we are just still noob which is understandable but once you do already be having that experience and skills then those losses would really be minimized.
Its not we do really totally get rid of it but at least we do know that we can really lessen the chance for it to occur via making good trading decisions.It might not be an assurance but at least you do
able to hit up on your goal or still on the profitable side.Losses would be always there and wont go because there's no such thing about perfect trader or investor.
As you do gain experience then you would really be gaining some edge.

right, by trying 100 trades we can analyze ourselves, so what will happen and how much profit we get or how much we lose, in the end we can draw conclusions. I think we will continue to see developments, if there is no development in trading, then we have to think of something else that is more profitable

You made a good point although a little irrelevant to the actual topic. I think as long as you are doing the fundamentals correctly, you shouldn't be too worried about losses.

There are sports teams that lose a lot of matches in a row but that doesn't mean they should stop competing because results don't always reflect the preparation and efforts being put behind.

If you are trading with the right fundamentals and not making any mistakes, you should just disregard the losses and continue working hard on the strategy you have picked for yourself.

In my case, I only allow to lose 2 times, because if I lose a third time it is because I am not seeing the trade correctly and my strategy is not correct, the reason why I allow myself 2 times is for the following reason, yes I make 1 trade and I lose it, when I make the 2nd trade I have to recover what I lost in the 1st trade and if I lose the 2nd trade, I have to recover and leave with a neutral balance with the third one, now if I lose the 3rd trade I have to assume the loss and wait as long as it takes to have market clarity, because obviously I'm not getting it, and that's how I protect myself.

The market always gives good opportunities to enter, you don't have to rush, you just have to be patient.

I do believe that there is a good chance people could end up with that kind of strategy after a while. I do believe that we should not be focusing on the profits that people are making right now but focus on the profit you could make in the future. Like for example I bought at 100, and it drops to 90, instead of selling and losing I just put that aside and that is called "bag" and I will hold that bag as long as I have to, eventually it will become 100+ and I will be in profit.

I have done this for a very long time, in fact I turned into a holder in the longer from all the bags I held once upon a time, now they are still in profit but I do not sell them because I like the fact that holding them makes me profit. I still do trading a little, but whenever there is a "loss" as in a price drop, I just turn that into a long term holding instead of trading and I still win.

Preparation before trading is indeed something that must be considered.
preparation includes research and strategies to be used, and prepare your psychology.

Experience becomes really very valuable to shape us in the future. Trading skills that are continuously trained will provide a good experience, you will understand what you need to improve to make trading better and reduce the risk of loss.

Trading with the right fundamentals is also followed by the right analysis. Both are absolute to do. it will further minimize errors and losses. also pay attention to psychology, because it has an important role. your psychology will be trained when in market conditions that do not allow for profit.

There are different areas of your response here and I will respond all together. First, understand that losing is part of the trading business and a strategy that has been working for you to make profit does not need to be changed because of a loss, because such loss can be temporary. The market plays a funny one on the traders so that your effort looks rubbish to you. You can look deeper to understand is just market going wrong and not your strategy, it will get back to be corrected again after the volatility.

And holding up a losing trade is a waste of time for you because you will also get stocked as the trade, use stop loss, minimize your risk so that a lost trade can matter just little and you have another chance to trade.

Thing here is that majority of us is trying to be perfectionist on where we don't really like to suffer loss and when we do then that's the time frustration and stress kicks in which is really very wrong.

Losses are really normal because there's no such man to be called on having perfect trades.What we do have here is that we do tend to really be sustainable and that's what people should be thinking off.

Consecutive losses would happen and as mentioned it would always be ideal on setting up stop losses and minding off on how you would able to recover those losses on your next trade but of course

you don't need to rush up yourself because it would just create some hasty actions which would really likely to make more losses which we don't really like for it to happen.

I am just getting started in business life. For trade, I chose the food field that people cannot give up.
  I am now creating my own market and customer base in the long run. I analyze expectations. I'm looking for opportunities. I do different product researches about where and what I can market.
So far, I have not lost in my attempts yet. Maybe my background in the sales industry makes me a little more foresighted. If you have started to lose 30% of your capital, there must be something wrong!!!

I personally test a strategy many time on a demo account across multiple days in order to determine that it is worth trying out with real money or not, and one the win outweigh the losses i go in, but in terms of consecutive losses i would do 2 in a row and than come back another day, if see that i am still losing than i would go back to the planning board adjust test and repeat.

It should be when we have experience and skills consecutive losses can be avoided. But it is impossible not to lose at all, because even
professional traders are still experiencing losses. The most important thing in trading is that the amount of profit we make is more than
the amount of loss that we experience. If we are afraid of losing and do not want to lose, we should not need to trade at all. Because if
we trade, we must be prepared to face losses, because losses can only be minimized, cannot be eliminated.

3 Consecutive losses were enough to make me rethink trading and reach for something else. Took a decent hit right when Musk invested into Bitcoin, one more somewhere in the middle and the last one was when the market plummeted, and I sold. What a terrible mistake.

The worst one is certainly the last one, I was getting anxious seeing the prices drop so fast, decided to sell and move to DeFi. One day after I sold, the market recovered to a great percent, if I hadn't made that mistake, I certainly would have saved a couple of hundred bucks.

Trading was generally an anxious process, now I'm investing in DeFi sporadically, I'm good for now and haven't suffered any losses (yet).

When I lose my money in the same strategy from 2 to 3 time then i start to thinking about my new trading strategy and want to change it as soon as possible for begin trading. Because trading can be beneficial in all aspects if someone knows how to trade in a way that there will be more loss.

This losses sucks but it still happen to experience traders especially when we buy multiple altcoin on exchanges and if I see my portfolio going down at the moment I take a rest for several hours to let the bad vibes hit but if the said thing still happen then quitting for a day and comeback tomorrow for another round is what I do since its so hard to deal with your unlucky day since we might encounter heavy losses since we know the feeling of chasing up our losses and particularly this occur  most of the times on unlucky days.

Around 3-4 that's when I started my new strategy and looking if it was effective but most of my trades where only based from supports and resistance and to trend channel. I think i earned good profit with just that and for I think I should start studying using other indicators I think that could be helpful at some point.

Still I need to test it in actual trade before I could see if it was effective or not.

When we keep losing we mist find a better strategy to win. When 2 consecutive days that I lose and seems the market isnt that amd I was confident that I trade well but produce bad results, I find new ways amor new coin to sell. It will depend on what coin we have and how knowledgeable we are in trading to fully earn from it.

That's the thing, if you know what you are doing, you will not have too many losses in a row neither. I am not saying that losses will be zero, of course there will be losses even if you have been trading since first day of bitcoin, even if you were a few decade experienced trader in stock markets, in trading world there are always losses and there will always be losses.

However difference is that if you are a veteran and you know what you are doing, then you will not face with too many losses in a row and the question is consecutive losses, which means that analysis will prevent you from having those type of consecutive losses. Could it still happen? Sure why not, but it will definitely be something that is a bit more rare and that is why learning and studying is the first thing you should do before you start becoming a professional trader.

If I have losing streak, I park for a while and see if how good the project I was holding.

If I still see good potential, I'll keep it and hold for more but use spare money to allocate for my new asset, sorting the
Market and try to find more possible project that may bring some decent amount of profits. Trading crypto is not an
easy task, but if you find the right attitude towards this business, you'll enjoy whatever the outcomes turned on you.

I even experienced 5 consecutive losses in trading. I am disappointed with it and I think it needs improvement in trading which is good for me because the strategy I use does not always work well. I finally found my mistake and at number 6 I was able to get up a little after 5 losses. it was my biggest loss and i can handle till now

I'm a person who changes his trading strategy after every single loss. And i hope their will be more like me, because i don't want to get more losses, so when i get a loss in some coin then absolutely changes my whole scenario of trading and applying some new strategies, which helps me to get some benefits.

The problem is that the majority of the people do not want to do this because this is simply too much work, we must understand that the majority of the people that come to the market with dreams of becoming rich are not going to make 100 trades, if they make even half of that before they go bankrupt I will be surprised, and yet by doing those 100 paper trades they could realize mistakes they have made about their strategy and their assumptions about the market without losing a single cent, but since this does not carry the possibility of earning money they cannot bother themselves to even try.

If a person start trading and all the time he lose his money then it will be difficult for him to recover his capital. Although the amount of money he hs choose is small but losing for several time may be cause the shortage of money and unfortunately he will take loan to start trading again otherwise to pause trading at that time is good option as no one has the ability to bear continuous loss.

Actually a very situational kind of thing because not all would really be in similar in terms of capital or the amount that they are pouring into trading which means whenever they do experience deep lose
then its neither they would take a loan to continue or would make out some pause and trying to learn things up again via doing some demo trades and trying to find out on where they did get wrong.
Speaking on my own situation on how long i could tolerate on losses then when the time that i dont have money to spent up or capital one and making out some long breaks
and trying to calm off myself. Dont ever tend to chase your losses yet this would make situations even more worst.

Like maybe when you are down with 45% of your trading capital. At this point you know that your trading strategy is not working and you have a rethink as to whether you should continue trading or look for fund manager who will manage your capital for you.

Someone who takes a loan out of trading is out of his mind.

He losses and then will take a loan as an option? He's just adding another problem of his that won't solve his problem. What's next after the loan? He'll have faith that he's got the best trading skill and will avoid losing?

Avoid loan as much as you can because this would worsen up the situation so better not to consider this option because you would really be fucked up if ever you would lost again.
Handling losses will depend on someones experience because if hes enough experienced he wouldnt really mind that much or get stressed out but to move on and find
another way on making things looks right on next  trades.You do need to sustain and need to survive no matter what because this is how this market works.

Using the same strategy twice is enough to say if that particular strategy is effective to gain.

If its not working anymore then its time to think of another strategy that can be effective. We dont need to stick in just one, we must have a plan B just incase.

Hence its better to have a plan rather than using a random strategy because its risky. Trading needs knowledge in order to do the right thing and to avoid losses as much as possible.

Usually 3 in a row I stop that certain strategy and change it. Sometimes a certain strategy will not work even it is fit to the current situation, why? Because the market is volatile there are some instances that the market didn't go along with your prediction and will happen the unexpected. Good luck to your trades there's a lot of effective strategy out there that works on bearish and bullish market.

It depends on individual perception. For me, stopping a certain strategy after using it twice is too early. I will use it 4 times to know whether it is effective or not. There are many factors to trigger a certain strategy not working properly, including a sudden change in market trend. We cannot ignore that an extreme change in the market probably makes a certain strategy be failed.

In my trading plan I always set myself on having 3 losses this is my rule to myself after that I will need to take some rest and take a deep understanding, analyzation and calculations with my previous trade it's not good to make a decision when you are mad or too much happy because of the profit always stick to the trading plan we don't want to lose most of our assets because of having a wrong decision. Remember the trading plan is a must.

I think two times is enough for me. Can’t continue to lose the third and fourth time like some people said they would do. Nah, once I even lose the first time, I start looking for another solution, and see to it whether there is anything I have done wrong this time around and the second time is for me to confirm that I haven’t done anything different from the way that I have been doing things right from time, and it will be a confirmation for me that I have to try something else. So when it happens the second time, consecutively, I quickly change the strategy and look for another way to go for it.

How you would consider a loss in trading?

Is this something talks about overall losses in capital or losses on each order you do make? There are specific situations on which you do consider a lost.

We do each have those tolerance in all sorts of things.Some might able to hold for longer and some are really that impatient on stopping once they had reached out their limit of patience.

Trading losses cant really be avoided but somewhat can be lessen by means of someone's experience.

A good strategy in trading will help us avoid losses. Don't forget to upgrade your strategy so you can follow the market movements. a trader should be able to determine for himself what to do whether it's a strategy or a moment to be able to avoid losses. for people who are still beginners, it would be better if you use a small capital first while learning to understand the market. do not be careless and in a hurry in trading because most people fail in trading because they are too hasty and not careful. do the best in trading as best we can and avoid the losses.

A bad idea and move.

I'm avoiding it as much as I can and if I don't have the budget then I just stop and won't trade at all. I can wait until I've got funds to trade again.

That's what it has to be done when you're trading and you're planning to take a loan.

Losses are definitely part of trading. However, if you see yourself keeping in losses like three times or more, i think that should call your attention. Although losses are inevitable, but lossing consistently means there is something wrong with how you trade, or your own trading strategy specifically. In this case, if you see yourself willing to learn more so you can do better, then change your strategy. But if you still end up losing your money again, i guess staying out from crypto trading will be better for you.

But even how good a strategy is, it will reach a certain time that its no longer effective so you have to level up your srategy or even build a new one that you think will definitely work and suit on you. And also, keep updated on the market trends and sentiments so you will know when is the best time to trade or not. As long as you don't lose most often like three times or more often than that, then your strategy is still worth using.

There's no certain wit moving market. What you think is good for today might not work tomorrow,

trading is something that you need to keep enhancing your knowledge.

never ending levelling up of your knowledge to continue competing with this growing market, those who can handle losses the right way are the one who also manage to bounce back and recover, while to those who can't they are just leaving this business with regrets and frustrations.

Assess and observe, only step inside when you figure things the right way..

Right. Learning trading does not need to stop even if you think you already know much, instead it will always be a learning process that will keep on growing everyday. This helps to avoid losses more often because if you always level up your trading strategy, it will always work on you and will bring you more profits.

However, if you experience losses more often, better work on it and change your strategy if possible. But if you still keep on losing, i think you should take a break from trading and refresh your mind.

You are right. There is no stopping from learning in trading and level up your strategy because trading alone always depend much based on the current events and trends. And when the market becomes more unstable, it will be hard to trade and end up successfully. And it will help you from comitting losses if you have other backed up strategies that will still work on you when one strategy is already failing. I guess having losses more than three or four times is already unacceptable.

Learning would really be a limitless thing and as a trader then you should accept that fate whenever you do step your foot into this market because this isnt something simply that you could deal with.
Losses is always there but what important the most is that you do know on how to handle up yourself when it comes to these situations. Try to sustain yourself
which is the most important thing and dont mind about losses but try to minimize as less as possible.

Most trading strategies do fail during choppy market but succeed during trend (whether bear or bull). Once a trader identifies a trend, the least sensible thing to do would be to ride on it because doing otherwise will be financially suicidal. However, once any strategy begins to make a trader lose money, the best thing would be to take a break away from it in order to reevaluate it. It's not to completely abandon the strategy, anyway.

Well, as for the number of consecutive losses; five will be the alarming figure to make me take a pause.

If you are able to control it you probably already have a lot of trading experience. It's not easy to manage emotions well when a trading strategy doesn't work.
the most important thing is also to do capital management, loss management so that it will not drag on in losses. If you can return the situation as before in 1-2 days of course it requires sufficient knowledge to perform technical and fundamental analysis. Losses will inevitably occur, but we must also minimize them and maximize profits.

Five? That must be a dangerous approach as it may risk most of your capital.

If you set stoploss at 5% then for five losing trades you may lose more than 30% (not just 25%) which must be a high risk one in my experiences. I know people who are setting different stoploss levels for different trades still waiting until five trades is not looking as a good approach to me.

Maximum two consecutive losing trades should be a limit if you really do not want to top up your capital more frequently. Just imagine if you make 4 consecutive losing trade and then making one profitful trade and then facing 5 more losing trade; do you think you will still have remaining capital for next day trading?

I think 4-5 consecutive losses will already be unacceptable if you are a trader. Even 2-3 losses are alarming already and you should be thinking already to take a break or to quit from trading for good. But before that, try another strategy first which you think will fit for you. If it works, then use it. If not, then maybe there's something wrong with you and not with your strategy. Take a break first while gaining more knowledge in trading.

Trading is a risk management that you may be able to control easily but before that you need to be knowledgeable enough and have previous experience. Without experience you can never expect anything better from trading.

Yes, five! The first thing every trader should do is take care of MM (Money Management) and their emotion. We all have different temperaments and that seem to show while trading. Trading is more of practical reality than paper work. A profitable trader is supposed to be stoic and stick to their trading plans and not jump from pillar to post in confusion at every little shake in the market. You don't have to start panicking when you lose two mere trades if your MM is right. As a profitable trader, you don't have to win all trades to be profitable. Traders who panic at every little thing are those who've their MM messed up and over trade. Losing on a second count and then you start panicking means you expect to win all trades. Nah! That mindset is what makes a lot of traders panic trade. Always make room for losses as a trader. Whether you do that or not, losses will come. The market is no respecter of anyone.

Upgrading starts from having those great experiences with your trades. Win or lose, you're going to have an additional learning and that will make you upgrade from your strategies.
The upgrade shall start from avoiding the same mistake that you've committed and you'll correct that.

Those who are rushing, they're likely the ones to chase their losses and prone to adding more losses. It's a good suggestion that you've given not to rush always be wary of being careless so you won't do that.

I don't think it this way atleast for my trading strategy, number of losing trades, i generally look for a mental break from the trading, I mean if I consecutively having 3 losing trades, I will stop trading because I know I am carrying the emotional baggage of those 3 losing trades with me,a I take a long enough break to remove that baggage before I jump back in again. For checking the effectiveness of my trading strategy I generally look at a longer term scenario like how much is the winning %age in last 50 trades or 100 trades or last market phase. This is how I decide whether it's time to change the trading strategy.

No amount precisely, it depends on your capital and how much you are risking. Sometimes the market can be funny to battle you out of the right spot you have seen for profit, it hits your stoploss but that doesn't mean you should give up but to understand that it is the market strategy to chase after traders stoploss first before giving you your winning. So for me I might try a particular trade three times if I believe in it and most times I can win back part of my losses on that market at the end of the third try



I notice that the December season is a hard season to market profit. This is because the market is unstable and not consistent. So looking for a better strategy to beat this season is better or to avoid it 

I think the same, I also have a limit of 3 trades, if I do not win the first trade, I must win the second to recover and exit with profit and if I lose all 3 it is because I am not seeing the trade or the market with the correct sense and it helps me to reflect on where the possible failures are and why I failed, in my last attempt if I do not come out with a neutral balance it is because I really do not understand a bit of what is happening in the market, it should be noted that there are times that you win by pure luck, but sometimes that kind of profit I say is luck, which is a factor that is always missing.

I am doing something similar, I am avoiding losses and cutting losses, it's why I trade only with top coins... if I get trapped I just move an amount on a side, and sooner or later I get to my goal! I don't/rarely trade with unknown and unpopular coins and tokens, my trades are usually mid and long, as I said with top coins is easier to trade in my opinion... it's a bit waiting so patience is needed, but it works for me!

You can only try to avoid it but it must come and I think 3% of our total capital in trade risk is cool but a little high if you can reduce it. The purpose for low risk taking is because when you record loss you don't have a bad feeling on it as much you may feel if you took a higher loss. Therefore it is better to reduce the risk to reward and gradually we can increase our capital.

Yes. There are less chances to lose if you trade with top altcoins than those new and unpopular coins. But if you still end up losing like three times or more, i think the problem is with your strategy already. It may become less effective as the time goes by and as the market keeps on changing. So its either you level up your strategy or you build a new one that will definitely work on you.

When I started taking trading lessons and actually started to trade myself, I didn't follow these risk management rules about using 1-3% of portfolio size to trade. I didn't understand then because my portfolio size was not much so I had to risk even more in order to get something tangible as profits. I'm more of a swing trader so what I do to prevent losses is to ladder buy or sell g(since I also take leverage trades). That way, I get to average out my entry prices.

That's too low if you lose 3% as the threshold. But that's a good measure if you try to avoid losses and you're too conservative with it.
There are traders that can bear as high as 50% and more than that until they've come to realize that they've lost too much already.
While some, 5%-10% are their threshold to stop and they would take the day to stop and continue it tomorrow and so on.

Yeah there will be no point of continuing with a strategy which is not capable of preventing consecutive losses. A strategy must be having more than 90% accuracy on profit making; which means if we trade for ten times then we may end up with losses only for one time. Otherwise, we need to stop trading immediately either for fixing the problem of your strategy or might look for an all-new strategy to adopt.

But, when you are adopting a new strategy then you should not go using it right away. You should first test on paper trading; this way it seems you must have back up plans for your strategy so that you may not disturb your trading routines when you change your trading strategies.

Trading is one thing that we keep falling out of sometimes no matter the amount of care you implore in it, you make a single mistake and you may have big regret. Despite the paper trading which is same as practice, if we don't understand how to control our emotions, we may keep having difficulty in it. So as we are doing paper trading, we can still practice with small amount to build real trading emotions.

We all try and avoid losses haha, isn't it ;)

By the way, 3% is a big amount to trade each time if you are actually serious about trading and doing it with a decent enough capital. I am not a prolific or experienced trader but I can clearly see anyone losing 10-12 trades during a rough patch and that would wipe half the capital.

I think it's not about consecutive losses but we should focus on making more profitable trades than losses and while the profits can be small we must also cut down on losses using stop loss to avoid emotions getting into the mix of all.

Paper trading or demo trading is sometimes not effective because consciously we know that we aren't going to lose real money so the decisions we make are less thought and the panic is not there during market is down. On the other hand when you start trading with real money, even if in small amounts, there is a certain tension mounting on us that can't be learned or experienced during demo trading.

As most traders say, you cannot buy an experience in the market and that's what matters in crypto trading. No matter if you have a million-dollar bankroll/capital, it will evaporate like nothing if you lack experience and the pressure handling ability.

Yes, one single mistake and you'll regret everything, trading is not simple and lots of people failed thinking that they can just easily made money out of it.


You can work with practice or demo account but in real action or real trade, emotion is the killer, with uncontrolled
emotions you'll probably lose your investment.


best thing to do is to try a little and see if you are capable working with this business, if you see that you can enhance
adding little by little in your funding will help you to increase your profits.

It's truly difficult to anticipate and make your own system, experimentation don't appear to work all things considered. I can make whatever number back to back misfortunes as could reasonably be expected less getting concerned. Possibly sequential misfortunes assuming that my past win rate was above 60% with a similar methodology.

If I understand it right, both of you got that point in which will help traders to anticipate what the market will bring,

Practice your strategy using paper trading or demos will probably give you ideas about what to do when you already dealing using your money and in the other hand, using a small amount of investment to test if you are doing things correctly will enhance your chance to keep improving.

Both are useful, but yes, emotion is the thing that you really need to avoid whenever you are in this field.

Yupp but if you talking percentage ..

im  sure everyone must have one! so you would know your limit .. not just do trade and let's see later. that's dangerous, that's not a healthy trading.
set your limit based on the bankroll you traded, keep it above the green lines , otherwise you have to stop for a while to avoid a random guessing in trading.
40% be my limit out of total bankroll i have, it was 50% before.. but its too tight to make a comeback for me personally , so no matter how many times as long as it's stay on the green line .. i keep going!

Your suggestions are good but I have seen some people were already too dedicated and hard working but they were unable to consistently make profits; in this case I am always suggesting them to take a break at least for temporary basis rather than keep trying because when you have already put all your efforts but you could not get the desired results then you should go for break because that would at least give you some emotional balance and more importantly will save your capital for time being.

Sometimes our skills alone will not be enough for making profits in crypto trading but we should be emotionally balanced so that we could apply all the principles of risk management at the right times. For such traders taking break must be a right solution.

Several small transactions or in one trade then it doesnt matter because lose tolerance on each individual would really vary on personal judgement or preference whether they do completely stop or
could really make out some consideration and then proceed on.

So this would really vary on each someones personal preference or the temper or patience that they could have some could lasts long and some couldnt able to bare it out.

Speaking of mine then it does vary because we do have different jurisdictions and thinking on particular conditions which would really vary on each person.

Basically anything I believe isn't a breakout from an over the top ascent in volume or too little obstruction, I typically accept that it's me that is off-base. There is a period that not your procedure is the reason for your misfortunes yet once in a while is because of our feelings and wrong choice.

I don't think too many consecutive losses will happen in trading sometime by chance a trade will will definitely will go up. After all if I faced many losses then I will going to quit trading because of money or my understanding about trading. As personal I don't earn much money from trading but I love social media hardcore bounty this given me good money through promotion or airdrops.

for me it only took 2 or 3 days. if I experience consecutive losses I will stop trading for a few days and forget everything and then start again, in my opinion when I experience consecutive losses it is not my trading strategy that is wrong but my own emotions that I can't control because greed wants to take more profits to cause mistakes then cost me. for me the best way to deal with it is to stop trading for a few days and forget everything before starting again.

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

My own way or method of trading is similar to yours, the reason is that, I use to try my own trading strategy with live account though with a small amount of fund, I don't subscribe to demo trading , once my money is gone, I will ensured I check where my mistakes occurred with possible amendment in my future trading, though I had already set my target once I started live trading with huge account, I set 4 consecutive losses as my minimum target once I incurred the losses I will quit trading for a while before coming back.

The strategies used in trading is a very strong determinant to how much profits you make it or better still how much lose you run at also, but it's so sad that this are the little things people fail to pay attention to. If they're failing in their trading, the ignorantly think the market is bad generally.

Exactly, the more confidence we have the more eager to learn more. In fact, losses are not totally a bad experience that we tend to worry about, but to consider this as a weapon for us to find ways to make our trade, strategies become better. It is something like a mirror of what we currently doing and obviously we need to change it, otherwise.
However, to say like losing 5 times in consecutive losses, I guess it wasn't healthy anymore. I mean, that was the sign for me/us not to continue anymore as very likely that we did nothing or even there is but it is not totally effective. I guess it is a need to rest.

You would really be needing that extreme patience when it comes to this not only on bear markets but also on making out profit taking conditions or situations thats why being versatile on certain conditions is a must.

Losing toleration would really vary on each person because not all would really be that patient in doing so thats why its personal preference on when they would be taking such action.

Losing is inevitable but you could possibly make it lessen if you do know on what you should gonna do even though its not perfect but could be handled out.

if I were to make an estimate? I would say that I've lost more than 4000 times, yes I've lost many, many times for years, of course I didn't give up even continuing to lose, making trades is not easy. the person can take a course, the person can watch videos on youtube, but until you reach the level of creating your own strategy it takes years to lose

Losing in trading is always a part of the trader's life. But you can minimize or lessen such losses as you gain more knowledge or insights in this trading journey. The more years that you are in this market, the more tips that you can acquire and so it will assist you in your trading activities. I can't count my losses in trading and yet, I am still here. As you learn the market, you will prevent some possible big mistakes that you may possibly execute if you don't have those acquired knowledge or tips.

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different strategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

Well never think about this before, if I'm at a loss I can just hold all my coins and hope it will back to the same when I first bought it. Since I'm only trading top coins so I'm pretty confident that my coins will rebound, just wait when that happens. There's cut loss feature in some trading platforms that we can use to minimize our losses in trading 

As for me, here it is better to talk about the amounts, and not about the number of failed transactions, you can fail 10 transactions on small tori, or you can fail a large amount in one transaction, then after such transactions I am carried away to fiat and I do not go to the computer for a long time afterwards.

Call it a day in short and dont force out on doing so if you do see that you are experiencing lossing trades on constant manner because we know that not all the days running would be a profitable one.

Even how good you are in trading or expert you would still have those kind of bad days thats why you should really be sensible on making such step.
Handle it out or else you woulc be fucked up on your trading capital.

Losing trades tolerance would really vary on each person because not all would really be that patient enough.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

I agree, our strategy will depend on the market situation hence it is necessary to have more strategies to try and see what could be the most suited and effective to profit.

Sometimes losing is inevitable however there's always a way to minimize our chances to lose and that is by having a concrete plan and a strategy to execute.

Its not easy to become a trader. It takes a lot of guts and requires a long patience because we cant expect everything will go as planned.

It takes extra ordinary courage to continue trading when you are making consistent losses , this can demoralize you and bring you into depression but in such situation trying to focus on the losses won't help but to look at the reason for losing then making a different system or strategy will be the best. Trying to get more knowledge and skill also help, I have read of stories of people who almost lost hope but they hung on and have lived past the losses now. Trading is about doing the right kinds of order and cutting short losses.

If you're making ANY losses in trading then by my standards, you definitely are doing the wrong kind of trading. At that point I would not call whatever you are doing trading but rather gambling. If you make a bad trade, the last thing you want to do is fomo sell/buy and flip flop around until your money is completely gone. If I make a bad trade, I hodl that and use other money to keep trading. At some point, you will be able to sell your hodl for a profit.