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Author Topic: Trader took his own life after the recent huge dump  (Read 818 times)
Mahanton
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August 04, 2021, 11:59:28 PM
 #101

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.

Unfortunately, not many people have that kind of perspectives in life. Some really feel that it is the end of their world when they experience such loss especially if the money is not yours. So if in case you encounter the similar situation in life, you should know what to do. Don't be embarrassed to ask help from your family. You will be surprised what they can do to assist you with the situation.
When it comes to emotional aspect then each person would really be totally different there are some who can handle and there some who cant which would really be ending up on taking his own life.
This is why its really important on taking good risk management and be aware on what are the potential losses you can experience here on this investment because if you dont prepare yourself
then you would really be having this kind of problem.This is a very stressful kind of investment since we are dealing with unpredictable price and volatility of the market.


R


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Cherylstar86
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August 05, 2021, 01:24:39 AM
 #102

Sad story, I hope it's not true. In any case, during difficult times or difficult conditions, it is always important to understand that this is not eternal.
Bad times will pass, they always pass. Take a look at the cryptocurrency cycles, the same thing, winter gives way to summer, and so on.
Everything passes. As long as you are healthy you can be happy and self-sufficient.
It was very sad, but I guess not all the people have this kind of perspective in life. When it comes to emotional aspects then each person was totally different. Some of them feels like it is already the end of their world when they experience such a huge dump and loss a huge amount of money. Some of them can handle those kind of situation but some also can't handle it which they decide to end up on taking their own life. It's very important for you to learn on how to handle or manage risk and be aware about everything. Prepared yourself of everything that might possibly happen, have knowledge on it and be patient.
Xinarae*
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August 05, 2021, 04:12:07 AM
 #103

It's a really sad story, taking such a step can't be anything bigger than your own life. If you want to survive in life not just for business you have to face many problems so don't give up the crypto market means its rise and fall it has huge dumps as well as pumps for this you need to have a positive idea about the market and control your emotions. Success is not achieved unless you can control your emotions and learn to deal with risk therefore, without sacrificing one's life one should try to recover the loss then business will become easier and market analysis will be easier.
Karish2return
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August 05, 2021, 09:33:43 AM
 #104

As I say patience is very important in  trading. You don't have the abilities of a good trader until you don't have patience. In trading everything is possible whether there will be some profit or as well as loss. So, we should be always prepared for both. And prepared ourselves mentally strong.

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August 05, 2021, 12:35:31 PM
Last edit: August 05, 2021, 01:39:16 PM by ivankoh
 #105

Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch

geegaw
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August 05, 2021, 01:55:19 PM
 #106

It's a really sad story, taking such a step can't be anything bigger than your own life. If you want to survive in life not just for business you have to face many problems so don't give up the crypto market means its rise and fall it has huge dumps as well as pumps for this you need to have a positive idea about the market and control your emotions. Success is not achieved unless you can control your emotions and learn to deal with risk therefore, without sacrificing one's life one should try to recover the loss then business will become easier and market analysis will be easier.
Once decided to exist in this life, a peaceful day for each of us is really very little, that means every day for us is different happy and sad music, what we need to do is listen to every melody and emotion but don't put our soul in it because it's all just a page in our lives, holding our selves to a page will make us no longer see the future. Trader's life is also extremely long pages of history, losers cannot write their bios while survivors are winners, they can write biographies of life and they know mistakes and know the future and appreciate life and opportunities

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August 05, 2021, 02:48:44 PM
 #107

Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch

It is somewhat normal for those who are already aware of the consequences that we might get from trading (losing/gaining) but for those who haven't know, this was a nightmare, and like OP had shown to us, that might possibly happen when emotions can't be control anymore.

I was thankful that I could still control myself. I've been in losing sometimes but never in mind to think that way but instead, it helps me to find a way to get stronger and accept the fact that losses can be possible no matter how careful we are as sometimes we commit mistakes that cause losses. If can't manage to handle the stress in trading, it was best to stop earlier before we come into the point of taking our life.

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molsewid
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August 05, 2021, 03:33:18 PM
 #108

Losses in trading and investing are normal. Some people who have been undisciplined will be extremely dangerous.
And now what can we do today with trade. A rainbow chart in the 1h zone looks very interesting. Lol, Fud from coinbase IPO ? After a week of lulling according to the chart, the turn follows the news. and FUD is damn. Some things are distorted here. Short latch


I felt bad about this sad news I hope those who have felt lose and still trying to figure out how to make up again i hope you're all doing fine. Losing in trading is normal and this truth shouldn't be taken for granted because acceptance to whatever may happen ahead or in future will be a big help for you to move forward and keep going on. Trading is not an easy thing that's why here we always keep on saying to take a risk to whatever you afford to lose.
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