19faraon88
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Activity: 252
Merit: 12
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January 22, 2018, 08:09:51 AM |
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It is given that we are not bound to win all the prize that we wanted, like in a trade like this. But whenever I loss, still try again. Try and then try and then try again. Until I regain all that I lost with much more bonus. Not all people will do what I have done but its my own way of playing the trade of cryptocurrency. After so much losses I learned. Thats why I am not afraid. It is just a matter of never ending studies of trial and error until I finally got what I wanted to learn in this world of business.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Dpat
Copper Member
Jr. Member
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Activity: 798
Merit: 3
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January 22, 2018, 08:52:06 AM |
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Loss makes the person always in-happy. But, If the loss is in heavy amount the mental condition go in depression. So, always trade in cryptocurrency very cautiously because here the volatility is very high. Everyday the coin values are deepening more than 50% and more in the bear market. If, you are a long term trader then don't worry about these fluctuations because one day you must get your value if not in the terms of Bitcoin quantity rather in terms of dollar value you will get back your value.
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mware
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January 22, 2018, 09:29:33 AM |
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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?
first, i will feel frustrated after a huge loss and i will stop trading for some time. I see to it that I learn something from my mistake and analyze what is wrong with my trade
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otunayode
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January 22, 2018, 09:40:28 AM |
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My mentality during loss trade is the same during profitable trade. The trading mentality I carry all the time is to maximize profit and minimize loss. I when the tide of loss rush in, I try to curtail it, learn from it and trade better in the future.
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anobtc
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Activity: 1176
Merit: 12
Vietnamese Translator™ https://goo.gl/7inMji
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January 22, 2018, 09:41:36 AM |
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Review your self, put a question: WHY??? If you can answer, note your mistake to remember and avoid do the samething later
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Finding a local Moderator and Translator? View My Portfolio and feel free to contact me if you need! 😉
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Team Saske
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Activity: 112
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https://goo.gl/ePsALC
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January 22, 2018, 06:50:23 PM |
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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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Rosa Paula
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January 22, 2018, 07:08:30 PM |
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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?
Of course I try to recover my loses.Because i think lose is always involved in trading.So why i am upset for this reason.I try to build my future with trading loses and profits.So I think, Everybody keep patience and spend more time on trading.
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boddy.dy
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Activity: 252
Merit: 17
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January 23, 2018, 01:24:32 AM |
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In my experience my mentality after a huge loss is I need to comeback with a giant win. Well it is normal in the life of a crypto currency, here there are no win win situation not all the time we can have a bunch of money. Bad times, bad days, bad decision will always come to us, but we must accept those mistakes we did. What we need to do is make this negative situation as a motivation for us to do more, work harder and learn more. Let us always learn from our mistakes because those mistakes will make us a better person in future.
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Blondy12
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January 23, 2018, 01:44:20 AM |
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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. Wow very well said. That should be the right mentality of a trader all the time because the truth is trading is really risky and we cannot predict which coins are the best even bitcoin. Personally, i never imagine that bitcoin will go down dip as what we experienced lately. In trading if you don't have the courage to fight with loss then definitely you will ended up a loser.
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brightLIFE
Newbie
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Activity: 93
Merit: 0
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January 23, 2018, 01:51:32 AM |
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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?
All I know ia try and try until you succeed. Well, if I experienced such things I will make my mistakes and failures as stepping stone and search for my own strategies.
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vladbakshoo
Jr. Member
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Activity: 76
Merit: 1
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January 23, 2018, 01:56:19 AM |
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i made huge mistakes when i started i got loss of almost 75% of my holdings and start revenge trading and lost another 10% then i learned the hard way if u r losing then something is wrong with ur trading strategy calm down and try to understand problem and then start slowly again
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Ziskinberg
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January 23, 2018, 04:26:40 AM |
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i made huge mistakes when i started i got loss of almost 75% of my holdings and start revenge trading and lost another 10% then i learned the hard way if u r losing then something is wrong with ur trading strategy calm down and try to understand problem and then start slowly again
Losing when you are still a newbie is normal as we are not good yet in trading. Think of your loses as an experience where you have to learn from your mistakes and improve your strategy, if you really aim to succeed you have to believe in yourself and it's not an instant, it's a long term so keep improving to achieve consistency.
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plaintiff77
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January 23, 2018, 04:42:23 AM |
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We will accept the fact that once you join trading your taking the risk on it so either earn or loss,whatever happen dont give up and learn more things about it and try to trade again.Even if you feel hopeless because you loss a huge amount of money never give up.
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tech72
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January 23, 2018, 04:53:19 AM |
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I had some huge losses in past. What I did was take a break from trading, go on a mini vacation. While on vacation I would not think about the loss, rather I had think about why I had the loss and what steps to place in so that I don't repeat the mistake. Come back strong from it, start slow trades, make back the losses and continue doing the right trades.
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DevilSlayer
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January 23, 2018, 04:58:01 AM |
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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 is normal if we feel irritated after we experienced huge loss in trading. I also experienced to lose my money in trading and it is really stressful. I overcome all of my loses because I have hope and faith to myself.
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mx667
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January 23, 2018, 07:23:27 AM |
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That money is gone and is never coming back, and you can't keep living as if it was there to be a backstop. Slash your expenses. Redefine your “needs” and cut down to essentials. You can build back to where you were, but you have to plug your leaks right away. Instead of thinking what money you have loss, think again on how to make an huge epic comeback (money) again.
Of course people will be shocked and sad about it, but it also depends on the loss of capital you are experiencing. We all know that investment is not our main job. So do not get out of your job just to invest, let alone borrow money from the bank to invest. It is a very foolish and careless act. If you have money, you invest. But if you do not have money, just collect and tube. Do not owe and do not expect too high. There is no definite investment. Even the investment of land and houses, it could be risky if there is an economic crisis. We must have more than one source of income, so we will not panic if one of them has problems.
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btcmegastar
Member
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Activity: 700
Merit: 12
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January 23, 2018, 07:47:43 AM |
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Offcourse we will be in shock but that is how the market is going to be, so don't panic because if you invest in potential, maybe after a year the price of the coin will increase in the market for sure. So don't worry keep start buying the best coins on the market in order to make more profits on your loss.
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mel0man781112
Newbie
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Activity: 5
Merit: 0
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January 23, 2018, 07:53:16 AM |
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Offcourse we will be in shock but that is how the market is going to be, so don't panic because if you invest in potential, maybe after a year the price of the coin will increase in the market for sure. So don't worry keep start buying the best coins on the market in order to make more profits on your loss.
You are right, but this is about investing, not trading. If you really know how to do it, you will jump in to market regardless situation.
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PrinceCaspian
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January 23, 2018, 07:55:50 AM |
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Offcourse we will be in shock but that is how the market is going to be, so don't panic because if you invest in potential, maybe after a year the price of the coin will increase in the market for sure. So don't worry keep start buying the best coins on the market in order to make more profits on your loss.
That is the right thing to do in order to not have a huge loss. If you bought some coin that is on a good price but suddenly the price goes down and you have a huge loss then you should rethink about the reason why you purchase that coin and if it is good for long term then if your answer is yes then it will be easy for you to make a decision to just buy it again so you will be able to lower down your bought price.
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joemanabat05
Member
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Activity: 168
Merit: 13
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January 23, 2018, 09:07:24 AM |
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Of course people will be shocked and sad about it, but it also depends on the loss of capital you are experiencing. We all know that investment is not our main job. So do not get out of your job just to invest, let alone borrow money from the bank to invest. It is a very foolish and careless act. If you have money, you invest. But if you do not have money, just collect and tube. Do not owe and do not expect too high. There is no definite investment. Even the investment of land and houses, it could be risky if there is an economic crisis. We must have more than one source of income, so we will not panic if one of them has problems. [/quote]
Precisely, Investing is not a win win situation it will kick out your butt and make you anxious all day long and give you so much problem that can lead you by killing yourself >.<
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