What to do if you lose $2,000 in trading?

[TRAID]

Realistically, one needs to lose a lot more money to become an experienced trader devoid of any emotions. I lost a lot of money when I started forex trading many years ago, but stuck to it and eventually learned to how be a successful trader. Don't consider that as a loss, but rather as an investment in your knowledge.

[mammusu]

The key in trading is patience, Lose and profit are sure in trading.
What to do if you are lose? It's better to make it an experience and you need to learn more about the crypto and analisys.

[Viyamore]

I think all the hints are already stated in the OP's post. What we should do more to it, my own experience and advice is to learn from this mistakes and try to learn again trading has no end of learning. Losses can't be avoided however this things can be done with less risk and you know what to do next time before you gonna lose that amount.

[Traslavin]

I think all the hints are already stated in the OP's post. What we should do more to it, my own experience and advice is to learn from this mistakes and try to learn again trading has no end of learning. Losses can't be avoided however this things can be done with less risk and you know what to do next time before you gonna lose that amount.

In my opinion if you lose $2000 in trading just let it all passed because you couldn't make anything to return what you've lose but you can make up with your mistakes. Learned from this mistake of yours and move forward keep on trading if you'd still have the courage to keep on doing it because best lesson comes from the biggest mistakes.

[daturit]

Perhaps you are a trading partner and you immediately get it inexperienced from here for sure you can not earn and lose money when you do not know exactly what you need first and now you're losing money you know that next step you will.

[Yunbalo]

You must learn from the failures and invest twice as much as you lost for the next time. So you can make a profit and have lost the last time.

[xuzukami]

The key in trading is patience, Lose and profit are sure in trading.
What to do if you are lose? It's better to make it an experience and you need to learn more about the crypto and analisys.

Anyone who gets stressed out loses too much money, but the winners are those who overcome all the hardships, know how to stand on failure and draw lessons for themselves. Patience is a very necessary element to bring success.

[alvinmtp]

losing money in trading is not only about lacking the capabilities of making money through that activity, if you ask any trader that is successful will tell to you that losing money is almost inevitable at some point you're going to make a mistake because you are not a computer and you are not a machine, what you need to do is to concentrate on the reasons of the mistake and to try to prove in that particular area.

[Barrett Edwards]

Identify what mistakes you made which made you loose $2,000 in trading... And dont repeat those mistakes again..

I think in future their will be BOTS that will trade on your behalf using past data

[Shinvenice]

Trading is too risky i know and losing that big amount is unacceptable for me. But i know there so many ways i can do to find where i lose and how to get it back. Patience is one of the key to success.

[keanne_isaac]

if ever i will lost 2000$ in trading i would take my experien as an eye opener or warning to me everytime i do trading in order not to commit the same mistake again. losing in trading is part of traders life and it makes your decision making more cautious to avoid losing in trading. just move on and one day once you become a good trader you can recover your loss and even earn much profit.

[jayyen]

Losing and wining are two paths of the journey. Losing makes you wise and do things better next time and anyone who is always afraid of losing never takes a step.But if you can put the fear of losing aside and move forward,you will always have great experience in your journey of life.You have to sit down and learn from the experience. Learning from the experience of losing is the greatest win but failing to learn from the experience makes you an actual loser.

[Wilsonong222]

Losing your hard earned money on trading is one of the traumatic experiences that might happen to you.  This is usually happen when you are so bullish on the coins you are investing. Here are my thoughts on how to redeem you from this kind of experience.



1. Acknowledge that you did something wrong

            There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes.

2.   Identify the problems

          a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC.

          b. Playing aggressive – Since I have too much ego in my head I put all my money in one coins only. I didn’t consider altcoins to hedge risk from BTC. There are altcoins who doesn’t affect much by this massive correction.

          c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy.

3.   Courses of actions

          a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency.

          b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase.

          c. Never stop trading – If this single defeat dictates me to stop then the real loss will happen. These circumstances should ignite us to continue, make this experience to hungrier for success.

          d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins.


After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.


Remember merits are perishable if not use

Taking a break for a period of time helps you recover from clouded minds. Usually after losing great amount of money we usually tend to become more aggressive. During this time people become more prone to doing bad decision. For you to recover you need to revisit your trading plan. I also agree with your courses of action. Following this religiously will make a difference in the end results.

[nydiacaskey01]

I think I lost more than $2,000 USD already if its accumulated but I its just one day, I might rethink of what I am doing and plan for the next move. Losing that much money in a day is big specially if the amount of money you invested is near the amount that you lost. I love trading and losing that amount of money will not stop me from trading. I may have lost $2,000 today but tomorrow I can earn it back and maybe even more. All it takes is just focus and learn from your mistakes.

[shanewolff]

Some days are good, some days are bad that's the life of traders, and then there are really good days , and totally bad days, you just explained a situation like that. One thing you must practice as a trader is a spidy sense, a sense that tells you when to stop or when you hare having a chain of loses to take a break.

after 3-5 loses best thing to do is just STOP. stop what you're doing get up and go out, at least out of immediate environment, and do some fun things. and when you calm come back, do some Demo again, no matter how experienced traded you are keep wining on demo gives confidence for the moment and then start again.

[haunguyen19995]

If we lose $ 2000 in a transaction, we should not be desperate, but we must draw lessons that will not happen again and we need to plan for the future.

[concept2]

$2000 is the small amount of trading. I have suffered a bigger loss. about $100000. However, I do not feel sad. I have learned a lot from my loss and I understand that emotions are what make us become stupid in many situations. If you are a hard work man and willing to learn new techniques, I believe that you will soon recover your loss

[sureshotcoin]

losing in trading is quite common thing we should nt feel panic and sad in losing money in trading wait for better opportunity and again open positions for profitable coins in the market

[Best Dreams]

Trading is too risky i know and losing that big amount is unacceptable for me. But i know there so many ways i can do to find where i lose and how to get it back. Patience is one of the key to success.

For sure it is wise not to take sudden decision as if today you unfortunately lose some of bitcoin don’t be hurry to sell remaining as it is your careless that you will lose otherwise there is no any chance to lose that much in bitcoin, those who keep patience wins at the end most of the time people get lose because they become greedy to sell early and to sell at panic, so always deal with the situation with patience.

[popolite11]

Realistically, one needs to lose a lot more money to become an experienced trader devoid of any emotions. I lost a lot of money when I started forex trading many years ago, but stuck to it and eventually learned to how be a successful trader. Don't consider that as a loss, but rather as an investment in your knowledge.

It is always a very unpleasant and even sad moment when you lose your money. However, how can you lose something when you do not sell altcoins or Bitcoins? Simply hold your cryptocurrency and avoid the loss.