So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
One of the things we must learn in trading is our attitude in accepting defeat. Although this theory seems easy, but still the loss is something that is difficult to accept by both beginner traders and experts.
Now think about it. Losing in a sport game or in game without any material loss is sometimes difficult to accept, especially when we lose in a game where there is money lost in it.
We have to train the mental and self-discipline to be one of the most important thing in trading.We must remember the concept of "maximize your profits and minimize your losses". Of course this is not an easy thing to do but it is also not impossible as long as we are disciplined and know that trading is a business that has risks like business in general. Trading is not a "holy grail" or a quick way to be a billionaire.
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