your mentality after a huge loss?

[investorpgroovy]

People who make money, in any business especially crypto never let emotions make decisions for them..and in this game your going to take a big loss from time to time... just make sure the next gain is bigger than the last loss.. and no matter what , never quit.. You only loose when you give up.


Imagine if every business person quit or paused when they took a big loss, for example what if Steve jobs gave up when he got fired from apple the first time and lost millions, it wasn't as if he didn't make mistakes that led to his loss.. What did he do... started another company immediately and learned form his mistakes ( 2 companies actually) with what he had and put himself in a position to win.

In the long term the difference between winners and loosers is soley determined by how they handle the losses.

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[Bowly88]

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 mentality after a huge loss is of course being optimistic because if i am gonna be pessimistic i am gonna overthink those mistakes that i commit that made me lose a lot of money and in order to avoid that inneed to think positive as always. And i am always thinking that i can win that money back because cryptocurrency and this forum makes thay things possible so i am not that depress whenever i lose a lot of money because i know that i am gonna win that back

[jostorres]

Trading is more like a gamble. Don't do trading if you are not willing to lose so better control emotions. Experience is a great tutor, somehow you will learn how to adapt.

Saying that trading is like gambling is not right, because in every business, there are the risks involved and so is the case with the bitcoin. While gambling has nothing but only ambiguities and you have to rely more on luck than intuitions.

Yes, in the trading of bitcoin there are risks involved but then who cares, because after every transaction, either you earn or you learn. So be confident and rely on yourself than on luck.

[Wintersoldier]

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

After a huge loss i think you need to rest to regain your positivity again. Because ofcourse you will feel sad and confused after your loss. You can make the loss as a lesson. And you need to change your strategy, find a better way to avoid having losses again. You can make researches to create a new strategy.

[michellee]

I think we only need to take a rest for a while and don't open the exchange in a day. take a deep breath and hanging out with our friends or we can go to someplace without anyone besides us. you don't have to think that the big loss is ruined your life because we still have another chance to wake up and make another profit. although it is difficult, we must realize that this is a part of our lesson to grow and we should learn from this. I am sure that every trader has this experience and I am sure that they can solve this problem so you can solve too and you can survive to make a profit.

[Synaesthesia]

I think after a huge loss, we will be very disapointed. But everything has token place and we can not do anything. So, the best way is that we have to fight to get back all we have lost. Stand up and trade again.

[mega]

Profit and looses is part of game,pre planning must be there and mentally prepare that possibility of loss there it will not take you in tension.Never lose hope take time and start again with learning of past experience definitely will win.

[ongels]

Yes i already experience great loss but i am looking forward that all my learnings and errors would never comes back. It serves as an eye opener to make me more developed in this particular field..

[mia khalifa]

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 must be under a lot of pressure and really feel depressed, but I make it my learning because I will not be affected by the negative issues.

[malikusama]

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?

Every trader make mistakes  and bear loss in early stages of trading, sometimes the loss is small and sometimes it is huge one but the thing is how he/she can survive after the loss.
My mentality is to make my tomorrow better than the yesterday, learn from my previous mistakes and never ever do it again. Losers quite, I never lose I always learn from my mistakes. When trading is in your blood you are always a risk taker but with the passage of time you become able to minimize your loss through your previous learning and experience.

[Osarman]

It depends the reason why I have lost. If that is just a small mistake, I try to begin again. If that is a big fault, I will start new way such as holding instead of trading.

I will remain calm and cool because I am a businessman and know that losing and earning are the parts of business. There is nothing to be panic. If somebody does not bear the big lose then he should not invest in any cryptocurrency. He should invest his money in some regular business or keep in bank account. Then he will be mentally relaxed. Investment in bitcoin needs dare and the power of bearing.

[Ryan Tirta Permana]

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?

It's based on what you get from trading, I mean if you trade with analysis, or because random in choosing coin and have no strategy, but for me personally better to calm down first and then start trading or re-investment.

[okissabam]

After a huge loss I usually try to trade again and correct my mistakes. I just don’t give up easily so most of the time I strive much harder to regain from the losses and make profits from a different coin.

[Distinctin]

After a huge loss I usually try to trade again and correct my mistakes. I just don’t give up easily so most of the time I strive much harder to regain from the losses and make profits from a different coin.

That's necessary, we need to learn from our mistakes if we want to still trade and become successful on it.
Challenges is always here when you are  traded but you should be determine for your future and focus on your goal so you have better chance of success.

[lucy1215]

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 definitely learned my lesson in investing. If I suffer in a huge loss i would hold my coins and will wait for it to rise up again because we all know that crypto market is volatile and the flactuation is very high or very low I do know now how to control my emotion and do not sell my coins at loss or sell low.

[CARrency]

After a huge loss I usually try to trade again and correct my mistakes. I just don’t give up easily so most of the time I strive much harder to regain from the losses and make profits from a different coin.

I did too. I do not think that I can get my lost money but I am just thinking that it might not be for me but for someone else who needs it more than me. I just look at it as a challenge that needs to overcome. It might be a little dramatic that way but it really helps me when I think of it like that. Bitcoin is prety volatile so we must find ways to make ourselves comfortable.

[rhamzter]

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?

It's based on what you get from trading, I mean if you trade with analysis, or because random in choosing coin and have no strategy, but for me personally better to calm down first and then start trading or re-investment.

After huge lost it's better if you can wait until the price of your investment were raising up again. Other than that it better if you have additional amount to supports your loses in trading. Or else it's better if you have second plan when value of bitcoin and other altcoins are fall down. Because if you have reserved plan regarding loses you have fall back when you are defeat or gained lost in trading.

[dejan_p]

it might be hard to remain calm and not stressed after a huge loss, but it's all about psychology
the quickest way to change how you feel is to change how you think

you can have negative thoughts i.e. "omg i'm an id**t how could have i been so st**d", not gonna do any good to you. try to rationalize the situation

if you don't have the capability for this (we all do), and you are not that risk-it-all type person, well, then play safe and don't invest more than you are ready to lose, simple as that

[chocobo21]

I will try to stay calm as much as possible and not panic, and to do that I just go outside and spend time with my family to forget about the crypto world and to back to reality, money is not that important it's okay to lose it as long as you have health everything is still good. In my mind, being healthy with no money is better than have a lot of money and have a disease like Steve Jobs for exemple.

[anavir]

huge loss for me is depression it is so heart breaking when you loss what you have..i may need a break first to regain my consumptio