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Author Topic: your mentality after a huge loss?  (Read 3795 times)
rachelia13
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December 16, 2017, 05:20:32 PM
 #201

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
If your biggest loss is only 0.09 btc, I lost 0.14 btc at the first time I started trading without knowledge, impatient and easily panicked. I do trading just by feeling and wishing good luck, but unfortunately I was not lucky. I do the same thing with you, keep smiling and continue trading because I am ready with the risk to accept if i lose due trading is an activity that has a high risk but also has a great return value. Now i learned to be patient and not panic to avoid the losses
StonedWolf
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December 16, 2017, 10:03:16 PM
 #202

I think that failure is a major component of our lives. So we better get used to it and accept it as an inseparable element of our lives. Especially while remembering that the fault is human and no one is dispensed from failures and faults. In the meantime, we found some people who are losing their time in regretting their choices which contributed them to the failures. While they are frequent and likely at any time, so it is essential to have a strong personality to manage those moments very well.

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December 16, 2017, 11:12:13 PM
 #203

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

That's the spirit of good trader dude, never stop trying and don't give up because your day will come. Each of us will encountered such situations that we feel so depressed because of our loss which may set as our learning. As on my own principle experienced is the best learning, after such mistakes that was done. Since being loss is part of our life in order to mold as a good and better person because I believed someday my goals in life will be come true and being an expert trader soon.
coinseedco
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December 16, 2017, 11:25:03 PM
 #204

I try to cheer myself up and hope that I can cover the loss soon. There are really dark times, but it's important to understand that we have to make our next move no matter what. "Nothing is permenant in this wicked world, not even our troubles."
kelinci_putih
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December 16, 2017, 11:47:54 PM
 #205

I will continue to be trader and trading learn how to make the good of trading strategy, never give up and always learn from mistakes. Experience is the best teacher so we can learn after we lose from before. Never panic and take time to start trading again and try our luck and think another way to get huge profit from other potential coin.

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dogz12
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December 17, 2017, 04:04:21 AM
 #206

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?
Treat a loss as a lesson not to be done again in the future. Be always positive even in a loss, think that you will bounce back from a loss.
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December 17, 2017, 04:06:36 AM
 #207

You need to lose in some trades for you to learn ways on how NOT to trade. Taking a huge loss is one of them; you'll learn not to risk a lot especially in low probability trades.
sana9826
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December 17, 2017, 04:55:08 AM
 #208

ofcourse i won't give up when i faced of huge loss. it is really challenge me to trade as well, i keep learn everything in trading when i face with loss itself. eventhough its really hard to get profit, but if you have experience in loss, you can minimize your loss at least.
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December 17, 2017, 06:55:18 AM
 #209

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 we can't deny the fact that after experiencing a huge loss we feel traumatic but then again it is not the reason to stop trading or investing or taking a risk. But we should be thankful with this failure because there is something that sink in our mind or a lesson that we learned from it. So if we try to invest again then we will be more careful and apply those learnings.
Yes, the thing though is that when you already have a mindset or some of the experience before, the trauma may not just be that much. However, it is hard to experience a huge loss once and experience it again, because there must have been some huge mistake that must have warranted to you having such huge loss.

Stop-loss are there for a reason when you have a target mark that you are not getting and then it keeps going the other way.
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December 17, 2017, 08:55:42 AM
 #210

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

That's the spirit of good trader dude, never stop trying and don't give up because your day will come. Each of us will encountered such situations that we feel so depressed because of our loss which may set as our learning. As on my own principle experienced is the best learning, after such mistakes that was done. Since being loss is part of our life in order to mold as a good and better person because I believed someday my goals in life will be come true and being an expert trader soon.
As a trader, we should not dwell long in our losses and should move on as soon as possible because there will still be opportunities to earn again. We know that cryptos are volatile and trading is a big risk since there is no guarantee that we will be gaining profit in every trade that we will make. Sometimes it is hard to forget the loss especially if the amount is big but we have to continue and learn from this. Every trader must have suffer a lot losses before learning and understanding how the market goes, experience must have teach them already to be good traders.



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mininglegend1234
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December 17, 2017, 09:02:22 AM
 #211

Exactly, being anxious after a loss wanting to recover the amount quickly would be a very bad state of mind when trading. In fact, it's one of the most dangerous behaviors of traders.
I think no need to panic. I think it is the part of the game and we have to face the reality. you might lost your self control instead, and that is the worst thing that could happen, you'll start to be pissed of, and will start to spend all of your money just to win back all of your loses without thinking. The best thing to do after a huge loss is to move on and accept it, that way, your mind would be clear and you could start to think another way to earn what you have lost again.
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December 17, 2017, 09:02:58 AM
 #212

Exactly, being anxious after a loss wanting to recover the amount quickly would be a very bad state of mind when trading. In fact, it's one of the most dangerous behaviors of traders.
well it depend upon the situation i think if anyone who invest all of his money into trading or in one coin and it falls a lot i think this will be quite embarrassing for him and Losing is part of trading. Even pro traders experience till today. Nevertheless they continue to trade because by their experience they learned to be more cautious.
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December 17, 2017, 09:43:58 AM
 #213

Once we got a loss, we should have the mentality to gain after loss, and for us to do that, we should first identify the reason why does it happen and think other strategy to overcome that. We as business minded in the world of cryto, should be wise enough in doing actions for us to gain and have profit rather than a huge loss.

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December 17, 2017, 09:58:21 AM
 #214

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 try again, maybe now I get a big loss, but maybe one day I will get bigger profits and can cover the losses that I experienced.

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December 17, 2017, 10:03:40 AM
 #215

After experiencing a big loss, I understood nothing in our hands. Upon the fate, whatever might happen in unexpected time period. We need to be knowledgeable or lucky to get out of the same without getting affected. Particularly my loss has happened through gambling, so this doesn't affect me big.

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December 17, 2017, 10:06:49 AM
 #216

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 try again, maybe now I get a big loss, but maybe one day I will get bigger profits and can cover the losses that I experienced.

Agreed, lose in trading is a normal for all traders especially when we are new on trading. We can learn more how to minimize lose from that experience, so i choose to try recover my lose if i have more money after huge lose in trading.

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December 17, 2017, 10:56:29 AM
 #217

Normally, I would place a sell order if I had a 10% loss but some coin value was below $ 1 then I would keep it until I gained again. If the coins are of great value like dash litecoin xmr I will sell them at low price and will buy at the bottom of the next so that when coin value increases you will earn the lost money and a little profit.

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December 17, 2017, 11:14:05 AM
 #218

We all exposed to loss specially when we are talking about trading. It is like a game where you can win or lose.So we have all to stay strong after a loss and try over and over until we reach our goal and we make a great win.
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December 17, 2017, 01:04:04 PM
 #219

We all exposed to loss specially when we are talking about trading. It is like a game where you can win or lose.So we have all to stay strong after a loss and try over and over until we reach our goal and we make a great win.

Definitely, most of the time we feel is really frustration, so down moment and looks like the end of the world. Somehow, on that moment I'm trying to recover because I believed that I will overcome all the losses, if not today for sure in the future but in different way. As the famous quote says "Never retreat, never surrender" which having a heart of stones like a soldier to face after such down moment. Life is like a wheel if you are not lucky enough today for sure you will be lucky tomorrow and probably another tomorrow as much as profit that you have.
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December 17, 2017, 01:04:47 PM
 #220

Sometimes I can't control my emotion after a major loss, I have mix emotions for myself and sometimes I feel so stupid. Also it always took a while for it to sink in my mind like I can't believe that it really happened. But of course I'm trying to control and manage all of it so what I'm doing is to have a break from it, try to unwind and picking up my thoughts. Sometimes trading make us go crazy tho. Grin
Emotions should not be a part of you as a good trader, you just have to understand that these things sometimes are inevitable and the reason why stop loss was invented was because every trader knows that losses are just meant to happen at some point in every trade. It is only when you are trading without strategies that let emotions kick in by not knowing what to do after such loss.

You should always learn from the mistakes that you've made as you move on with your life. Those mistakes is what makes you a better person, a better trader in this case. Because if you just keep on making mistakes without learning from it. You'll definitely won't reach anything. You'll become a failure.
Like they always say, twice beaten once shy. It will only be a form of stupidity to make the same mistake twice. Mistakes are bound to happen, but like you said, they are meant to groom us well for a better trade next time. All the pros have once had some huge setbacks too in their trades, but not giving up and learning from such mistakes is what has made them better.
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