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Author Topic: How do you deal with loss?  (Read 52240 times)
rapperug92
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January 27, 2018, 01:23:06 PM
 #1481

If the price happens to go down significantly (or ar any other amount), you don't actually lose anything if you don't sell your coins at a loss. In the same way, you don't gain anything if the price happens to go up, and you don't sell your coins above the price you bought them at. Problem with altcoins in recent days is that the majority of them are pumped up badly, and thus significantly increases the chances of these coins to go down in value hard
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January 27, 2018, 01:24:31 PM
 #1482

You need to learn and learn the money will cone after that if you dont learn how to manage trading you will only end up holding a coin. I understand the possible loss that I can get if ever I'm not going to deal with it today. I just don't want to compute the possible loss that I will have
Yeah dont focus on the altcoins that let you loss profit. Find some other good altcoins that can recover your loss and you can earn profit. You just need to understand that there is still another place for recovery and we have to be light and accept the fact that we lost.
ThorWin
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January 27, 2018, 02:57:00 PM
 #1483

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?

I think when the altcoin price drops, no one can be assured of waiting; I think you and I both have the same thoughts. For your peace of mind in the bitcoin business, I think you should not use all the capital you have to invest in bitcoin. Distribute your capital into various business areas. Do not put eggs in the same basket. This is the best saying in business. If you invest in more places, the risk will decrease, if the altcoin price drops, you will profit from other business. So you will rest assured that altcoin prices will increase again, without fear of losing all capital.
timbrunn
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January 27, 2018, 03:10:56 PM
 #1484

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?

I'm keeping myself calm all the time because if with the given situation, I don't have choice but to keep on waiting for the price pump.

I don't want to deal with it seriously but when the amount involved is too high, I will find a remedy which is by keep on waiting.

The only way to stay relaxed is to constantly sell increments of your holding into strength. You might discover at a later point in time that you've sold too early but better making less profit than making a loss. To keep your emotional balance is one of the key factors in successful trading. As long as you do proper risk management by selling into strength you'll be fine.
Bestfriendko
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January 28, 2018, 05:34:05 PM
 #1485

I certainly felt depressed, i cried a river. Due to the fact that my precious altcoins that i kept for sometime hoping for a good return went the other way, the ungainly way. I stared at my computer for a very long time, gazing at nothing. What to do?, what just happened?, what did i do wrong?, i asked myself. I went out to breathe some fresh air. I went for a walk, i need to rethink. I bought ice cream, to cool off my head and that strike me, it was all my fault. I should have done this, i should have done that. Things cleared out and i hurriedly went back to trading and lo and behold, it was a tremendous success.
Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. Thanks to that ice cream.
CityHunter99
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January 28, 2018, 05:43:30 PM
 #1486

I will average the price, for example I buy SC (SiaCoin) at $ 004, the price down to $0.03 or $0.025 I will buy more and then the price up I will sell, I will break even.  This is my idea.  Cheesy Cheesy
Froloff92
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January 28, 2018, 06:42:00 PM
 #1487

Its natural to lose sometimes, its sad but its okay, nothing to get depressed of. Let's just keep in mind that losing once doesn't end the game, we must live our live and fight as best as we can.
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January 28, 2018, 09:41:41 PM
 #1488

I certainly felt depressed, i cried a river. Due to the fact that my precious altcoins that i kept for sometime hoping for a good return went the other way, the ungainly way. I stared at my computer for a very long time, gazing at nothing. What to do?, what just happened?, what did i do wrong?, i asked myself. I went out to breathe some fresh air. I went for a walk, i need to rethink. I bought ice cream, to cool off my head and that strike me, it was all my fault. I should have done this, i should have done that. Things cleared out and i hurriedly went back to trading and lo and behold, it was a tremendous success.
Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. Thanks to that ice cream.

I once asked a lot of questions about why each trader has in his portfolio a very large number of different coins. Could not you just use three or four or five coins and touch them? But apparently I was convinced that the more projects you have, the less chance to lose your money. Therefore, do not focus only on one indicator.
Darmanin
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January 28, 2018, 09:56:07 PM
 #1489

When one breaks off money, it is easier to accept the losses, and especially when one is ready to earn money must be ready to lose
namor
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January 28, 2018, 09:58:33 PM
 #1490

Stress, a lot of stress.
Like in joke you know:

On an interview with the white-haired old cryptocurrency holder:
- How are you?
- I am 21 years old and I am fine!  Grin
rxthree
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January 28, 2018, 11:16:50 PM
 #1491

vesides if we let our emotions drive us, it will just lead us into a bad decision and if we made a bad decision it might ruined our business because thinking wisely is a big strategy in this business. If you cannot handle your loss you might get crazy and get bankrupt in this industry. Always remember that we always learned from our mistakes.
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January 28, 2018, 11:23:16 PM
 #1492

When one breaks off money, it is easier to accept the losses, and especially when one is ready to earn money must be ready to lose
The risk is when you lose but you need to make sure you can effectively manage the risk so in the long run you will still be profitable.
Dealing with loses should be in a professional way, don't be affected too much that your emotion will make you fail in executing your methods and strategies.

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HalfDeck
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January 31, 2018, 11:34:44 PM
 #1493

I certainly felt depressed, i cried a river. Due to the fact that my precious altcoins that i kept for sometime hoping for a good return went the other way, the ungainly way. I stared at my computer for a very long time, gazing at nothing. What to do?, what just happened?, what did i do wrong?, i asked myself. I went out to breathe some fresh air. I went for a walk, i need to rethink. I bought ice cream, to cool off my head and that strike me, it was all my fault. I should have done this, i should have done that. Things cleared out and i hurriedly went back to trading and lo and behold, it was a tremendous success.
Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. Thanks to that ice cream.

I once asked a lot of questions about why each trader has in his portfolio a very large number of different coins. Could not you just use three or four or five coins and touch them? But apparently I was convinced that the more projects you have, the less chance to lose your money. Therefore, do not focus only on one indicator.
But, can you manage your capital in many coins? You need to have much times to manage and check the price of your coins everyday if you are a day trader. For a long term or mid term investor, 10-20 coins in the porfolio is normal, but for the day trader, it is really a difficult challenge Grin.
chviadu888
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February 01, 2018, 01:09:10 AM
 #1494

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?

I would wait and hold my Bitcoins if the loss is not that substantial. But if it is substantial, I would consider making money from different sources of income and get back by buying Bitcoins at a discount.
ApocalypseNow
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February 01, 2018, 01:29:10 AM
 #1495

I always tell my mind that I will never sell because it's one of my common mistake that I always do in the past. I'll be honest that I always panic back then when prices crash but experiences really make me better.
bubble pop
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February 01, 2018, 12:10:01 PM
 #1496

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?

Well if I loss honestly speaking it hurts. It's like a waste of all of your time and especially the effort that you put in that but thats life. Maybe its hard to accept because money really matters since bitcoin is the source of my income. It will really test your patience and with that I need to be more patience everything takes time if that's not meant for me then it's okay I will patiently waiting for the right timing.
Nylelyn
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February 01, 2018, 01:26:42 PM
 #1497

Sometimes this can really happen. During the times that theres a need to experience some loss,  I really feel upset too.  However,  I tell my self that I have to make up in my succeeding trades to cover the losses I had.  I am more cautios that i should trade and buy top coins that I can trust the movement.

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February 01, 2018, 01:45:08 PM
 #1498

Sometimes this can really happen. During the times that theres a need to experience some loss,  I really feel upset too.  However,  I tell my self that I have to make up in my succeeding trades to cover the losses I had.  I am more cautios that i should trade and buy top coins that I can trust the movement.
good point,using the losses for motivation to serves as learning from mistakes.so we can avoid more lose in the future,and we must not upset since before we enter this risky trading we know that this is part of our venture..and though we put some precautions still we cant hide from losing.so whenever this situation comes lets just smile,have some coffee and figure out what would be your mistakes
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February 01, 2018, 01:50:53 PM
 #1499

Losses is a part of trading but think we can get more and more dont be conquer ourselves by a one mistake. It just a part to be a pro, this losses can be get someday. See the future and forget the past.   In short move on

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February 01, 2018, 02:34:17 PM
 #1500

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?


To be honest it happened to me right now, I bought bitcoin when bitcoin prices were high because I thought bitcoin prices would keep going up, but I was wrong, bitcoin prices kept going down and all I can do now is hold and wait for bitcoin prices to go back up and I learn from my mistake

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