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Author Topic: How do you deal with loss?  (Read 51484 times)
moshk555
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April 15, 2018, 11:25:20 PM
 #1741

Many time when I started trading I was not much expert about trading and most of the time when market falls I sell coins in Panic and make loss the biggest loss I made was I purchases coins worth 9000$ and market was badly down and I sold them their value was only 1000$ so I made 900% loss.

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Lang09
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April 15, 2018, 11:44:36 PM
 #1742

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?

You have keep yourself composed and don't let a loss affect you emotionally. Most of the time we get too frustrated when we lose a trade and then we make sudden rash deciaions that instead of making things better, we'll end up losing more. Trading is a test of patience especially if you see a dump in the altcoins you've invested to. Just do not sell without at least minimal profits and keep your emotions in check.
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April 16, 2018, 01:54:20 AM
 #1743

The loss only happens when you sell your coins at a loss so it is better to have patience and wait for the market to recover instead of selling them in a loss. Because if you sell your coins at a loss it will be hard to recover that easily.
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April 16, 2018, 02:05:23 AM
 #1744

All of us are going to feel sad when we are going to lose in trading. It's a normal feeling, but it does not mean it's the end of journey, we can always recover if we try harder next time.

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April 16, 2018, 01:26:03 PM
 #1745

All of us are going to feel sad when we are going to lose in trading. It's a normal feeling, but it does not mean it's the end of journey, we can always recover if we try harder next time.

Of course, if we learn we will improve, it's a long process and along they way we will experience loses even if we do not expect it.
What is our focus is to be more consistent, manage our money effectively so if we have more good prediction, we can be profitable in the end.

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BitProCoin
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April 16, 2018, 07:11:29 PM
 #1746

In dealing with loss, I think the best thing to do is to just move on because it will just be a hindrance on one's success if he or she will be stuck on that particular moment and just focus where it all went wrong.
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April 16, 2018, 07:16:54 PM
 #1747

Trading, holding or investing will lose or benefit it is a natural thing. Most importantly you should stay calm and do not panic. You have to be patient and have to learn from what mistakes have happened because all will be at risk if you make the wrong decision and you should not give up.

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Andre#
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April 18, 2018, 09:33:41 PM
 #1748

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?

You have keep yourself composed and don't let a loss affect you emotionally. Most of the time we get too frustrated when we lose a trade and then we make sudden rash deciaions that instead of making things better, we'll end up losing more. Trading is a test of patience especially if you see a dump in the altcoins you've invested to. Just do not sell without at least minimal profits and keep your emotions in check.
People easily get emotionally causing themselves to lose consciousness often.
And then, they easily make the fundamental mistakes that they can often easily overcome.
Honestly, if you are losing money in a cryptocurrency, you should take lose if that lose up to 50% or 40% your balance.
Then, after take lose, use that amount to buy Bitcoin, only Bitcoin to hold until the price of reaches old highest price in the last year.
Until the Bitcoin price reaches this target, you still have much time to make money from other sources, example from your main job or find a second job if you are trading as the main job. Wink


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SkvorNyc777
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April 18, 2018, 09:37:24 PM
 #1749

I just take it for granted...of course I try to search for my mistakes but sometimes nothing depends from our will.

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April 18, 2018, 10:05:01 PM
 #1750

I deal with it by making double or even triple the money I lost. I recently lost nearly 95 per cent of my investments in a coin which I would not like even to think about, rather write in this topic here. To be honest I did kinda fell in a slight depression, but bounced back, saw a light from somewhere and sat on my laptop to make some cash. It paid off, as I nearly made triple the money that I lost in my investment. It was my first investment at the time though, I was still in an early stage of investing and it took me a while to make that sum of money, but everything takes time. Who knows maybe the coin one day will bounce back and I'll be in plus with my investments.

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prashanta
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April 18, 2018, 10:19:40 PM
 #1751

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?

You have keep yourself composed and don't let a loss affect you emotionally. Most of the time we get too frustrated when we lose a trade and then we make sudden rash deciaions that instead of making things better, we'll end up losing more. Trading is a test of patience especially if you see a dump in the altcoins you've invested to. Just do not sell without at least minimal profits and keep your emotions in check.
People easily get emotionally causing themselves to lose consciousness often.
And then, they easily make the fundamental mistakes that they can often easily overcome.
Honestly, if you are losing money in a cryptocurrency, you should take lose if that lose up to 50% or 40% your balance.
Then, after take lose, use that amount to buy Bitcoin, only Bitcoin to hold until the price of reaches old highest price in the last year.
Until the Bitcoin price reaches this target, you still have much time to make money from other sources, example from your main job or find a second job if you are trading as the main job. Wink
Sounds good in your comment. I am totally agree with you that we are so emotionally about trading.

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thundercrystal
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April 18, 2018, 10:53:23 PM
 #1752

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 i deal with my loss by waiting for long time until the value of the altcoins i have will pump or will increase even little by little, and i dont sell the coins i have if the value of it is low, i am just waiting, and even i wait for 1 year it is really okay, the most important is i sell my coins with a higher price.

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Pozitiw[4]ik
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April 19, 2018, 12:42:31 PM
 #1753

If we want to wait patiently then we just wait. But if I should just sell it from not mended results at all. The point back to our own kalo we want to wait, wait just wait.
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April 19, 2018, 12:52:22 PM
 #1754

For me loss can cause me depression and depression can actually make you quit trading and the higher the loss the higher the depression you will have, but of course that's why we have stoploss to lessen.

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April 19, 2018, 12:55:36 PM
 #1755

It will serve as a good lesson for me, experience is the best teacher especially bad experience because you will know what will you do the second time around in order to do the same mistakes again. Also in a investment industry always put in mind that there is also a chance that you will lose and it was part of the business.
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April 19, 2018, 01:27:16 PM
 #1756

for me it depend on that altcoin and depend on the team/project/idea behind that altcoin. if the project is promising and team is active and doing what the promised than I would choose to hold my coins. no metter if it take a year or two.
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April 19, 2018, 01:33:54 PM
 #1757

Dealing with loss was really hard and sometimes if we can't handle this it leads to anxiety or depression so for us to avoid this result we must avoid the cause of your loss. But you know the most effective way in dealing with loss is to revenge but you must make sure that you will win using your own new strategy.

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April 20, 2018, 05:59:01 PM
 #1758

Loss is uncertain outcome that may arise anytime and anywhere. Instead of feeling disappointed or upset about the loss you should take it as a courage to pursue harder in order to recover .

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April 20, 2018, 07:46:21 PM
 #1759

Loss is uncertain outcome that may arise anytime and anywhere. Instead of feeling disappointed or upset about the loss you should take it as a courage to pursue harder in order to recover .
and nevertheless for today Renault rises by several percent. I looked through some of my main coins, and saw from 2 to 5% growth at least. And there is even much longer .

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