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Author Topic: your mentality after a huge loss?  (Read 3460 times)
kuronokishi10
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December 09, 2017, 09:52:44 AM
 #1

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

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December 09, 2017, 09:57:00 AM
 #2

of course i will try it again in the future,
i will never give up because i already set my goal for future and fail or give up is not an option for me.
as a trader it's a normal thing to lose something whenever we're doing our trades.
even an expert sometime lose some of their money in the process.
my piece of advice if you're new in trading and got a huge loss lately,
take a rest for a day or two days to stabilize your emotion and set your goal for future.
what is the reason you do the trade ? and what is the problem that caused you to lose that much.
learn from your mistake,
i believe you will understand and get used into it.


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RoommateAgreement
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December 09, 2017, 10:52:01 AM
 #3

as a trader you should never see huge losses, and if you do then you have been doing it wrong. small losses are normal and everyone will see some every now and then but a huge loss only shows you are not a trader. because a trader will be setting some preventing measures such as stop loss to prevent a huge loss due to a sudden, unexpected drop.

also, don't forget that you should be speculating the dumps before they happen.

Buying the dip...
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December 09, 2017, 10:58:54 AM
 #4

I will be continue to trade and learn what wrong of my trading that i did, stop a few moment and build new trading strategy, new trading plan and new risk management. Also I will devide the money one portfolio for trade and one porfolio into others pasif income like make investing in mining site or lending coin site to minimize the risk.

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December 09, 2017, 11:00:17 AM
 #5

Yes, I'll start again earning money with knowledge I have, because crypto-currency are new life, new opportunity and success for every person. If you have big plans for your life, you'll never give up and continue to make all better and better.
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December 09, 2017, 11:23:12 AM
 #6

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

I remember the day when I was a newbie in trading industry. I bought multiple coins because of the hype of the people on social media and promises that it will multiply my investments. After a week, I found out that the coins I bought were shitcoins. I was very depressed that time but I told myself that I won't give up and will try again. I learned from my mistakes. I did some research and studies about Bitcoin and other cryptocurrencies. Now, I'm still learning but I know now how to identify shit coins from quality coins.


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7daystodie
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December 09, 2017, 11:36:30 AM
 #7

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
Everything depends on the character of the person, many I think, will want to analyze their actions and all the miscalculations and already make a completely different scenario. And others would simply find a replacement with less risk.

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December 09, 2017, 11:47:22 AM
 #8

Stop for a while and think about my mistakes, study the market and go back to trading.

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December 09, 2017, 12:08:45 PM
 #9

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
You want an honest answer? After losing an opportunity, I couldn't sleep nor eat for days, I didn't even talk to my wife until I felt ok... Cryptocurrency had taken away my social life for a while, since I learned it early this year I left / quit my day job to focus on trading and writing blogs about bitcoins. So what do I do after a huge loss? - NOTHING. literally, nothing.

After bitcoin reached $10,000 I decided to sell my bitcoins... this time I will practice to balance everything. I need to have my life back. I need to find a job Cheers!
h0lybyte
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December 09, 2017, 12:09:59 PM
 #10

Of course i will stop trading for some time if i suffer huge loss and the wait for the right time to invest again.
Losses are usual in trading but a big loss can happen when you have no target and you withdraw immediately.
As a trader, you should keep patience sometimes and analyse the market speculations well before taking investments out


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December 09, 2017, 12:22:27 PM
 #11

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
Well i never get huge losing in my trading alternative coins because before entry the markets i have made plan how much taking profit and how much stop loss/cut loss, although i was loss because of cut loss my emotions is netral and i do trading again after the condition of markets is starting up trend and do analysis technical to predict the price, my feeling is netral when losing the money on trading because i have rules of trading and always follow it.
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December 09, 2017, 12:30:01 PM
 #12

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

If depends how you suffered your loss. Did you lost before you are too greedy and didn't want to get out in time and you become too emotional? Or you just see that your investment just went down because of a crash. If I will suffer because of my clouded decision not to bail out and think that the price could still go up, then I will take this mistakes as a learning experience and could have plan a better exit strategy. Re-think but don't be discourage and just have a walk and comeback strong. But if a lost just because the price plummeted and seeing my wallet balance goes down, I will just continue to hold and do nothing and hope that the price will recover (which usually does btw). No need to be frustrated as well.

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December 09, 2017, 12:37:46 PM
 #13

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

I have experience lossing in huge amount but not in cryptocurrency trading but in hyip and binary trading.
However, when i have big loss, i decide to stop on that time and never start again. But after a few days i decide to start again and again.
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December 09, 2017, 12:42:29 PM
 #14

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
I always keep in mind that bitcoin trading is filled with risk and might lose most of the money any time without any prior warning. So this helps me to keep myself mentally strong and does not affect me to extreme level once i lose anything. Though it does hurt a bit. But i end up continuing my trading.


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December 09, 2017, 12:48:45 PM
 #15

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

My biggest loss in trading so far is 0.8BTC. Never chased those losses and took a short break from trading. It's been my habit to never chase losses no matter how big or small it is because frustrations often lead to bad calls and lost money.  I never left trading though, and used those experiences on my benefit to initiate trades well the next time.

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December 09, 2017, 12:52:19 PM
 #16

currently my biggest loss in trading is just 0.09 btc and i just smile and keep trading.
i believe tomorrow will my lucky day.just keep smile and don't give up guys
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December 09, 2017, 01:03:45 PM
 #17

Trading is a 50-50 activity and if you can't control emotions and accept that loss is a very possible case to happen .
So if you are into this field you shouldn't put at risk money that you can't loose . And know that winning and loosing are very possible and you can't always win or always loose .
If you can't win manage the risk and have backup plans then it's useless .
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December 09, 2017, 01:24:29 PM
 #18

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?

After you suffer a huge loss you will extremely depressed and first of all you should rest 5 - 10 days to stabilize your mentality and then you need to research why were you suffered? if it's because of trading strategy then you have to build a new trading strategy. Generally you need to find out your mistake and fix it before you start again
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December 09, 2017, 01:43:04 PM
 #19

What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
I will never give up and stop trading, it hurts when get huge loss but it is normal, everything must be have a risk, and loss will make me learn more so I will not experience the same thing again.
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December 09, 2017, 01:50:34 PM
 #20

Maybe it cause chaos into mentality, not only that but your whole life too.
It will change your entire life like you are a failure, a good for nothing person, or maybe horribly you commit suicide.

But don't lose hope of living. here's the suggestions: If you fail, it means that something is wrong so you need to change your strategy, you need to change the way you do things. Such natural about failing what you desire.
Remember that almost people that fails in their dreams are the people who become successful. Be a positive, because no things can't be complete but the struggle yourself. Smiley
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