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

[lienfaye]

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.

At first I am like this, didnt consider other coins and go all in for one coin which is btc. Investing in btc is not a wrong move however I should have explore the alts because there are certain coins with potential and might be next to it like eth.

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.

Well thats true, in trading if you want to get back what you have lost then try again. Because losses are just part of it and its not the case always. You cant be a good one if you dont experience mistakes and you will learn from it to do better next time.

[dustboy]

Most of the people are panic about the price when it is getting lower and lower in the market. In this case, people should hold the coins tightly in order safe them until the price of coin increases, but most of the people will sell their money for loses when it is at dipping.

Selling what you own when it is on down trend is not always bad decision as long as you buy it again at cheaper price. In fact most of them are just selling it when it is on dip but do not try to buy more when it is on the most possible lowest price.
Losing $2000 in trading must be something wrong with the trader, it wont happen if the trader has good strategy in trading or maybe made a big mistake while trading.

[minhnguyen]

2000$ is a big deal or not depends on situation of each everyone.
But since you suffer from a loss i think you should find reason why.
I myself dont buy or sell by trend. I hold what I really believe for a long time. I mean ETH in my case.
In long term, sharks can not manipulate price so long term investment is a good choice when investing in coin

[Hemady17]

How did you lose $2000 in trading? Did you sell your coins already? If you haven't sold it yet, you cannot considered it as losses. You will only lose once you sell your coins. If you see that your portfolio is in red and everything went down, just keep on holding your coins because it will eventually recover from those dumps.

If you read my post carefully you can see the buy-in and my sell-out. I entered at 12,700 USD and I cut loss at 8300 that why I lost 2K in my original portfolio. I was doing fine at the beginning; I missed out to add in my problem that I was also to greedy.

[jambul_kribo]

How did you lose $2000 in trading? Did you sell your coins already? If you haven't sold it yet, you cannot considered it as losses. You will only lose once you sell your coins. If you see that your portfolio is in red and everything went down, just keep on holding your coins because it will eventually recover from those dumps.

If you read my post carefully you can see the buy-in and my sell-out. I entered at 12,700 USD and I cut loss at 8300 that why I lost 2K in my original portfolio. I was doing fine at the beginning; I missed out to add in my problem that I was also to greedy.

have u make trading plan for this transaction.if this cut loss is your plan that would be right desicion.if you dont cut loss at 8300 , maybe your loss could be more than 2k

[Rhaizan]

If you lose your money in trading, don't quit just continue ,your experience can teach you on how to keep calm, i suggest you to hold if the price of your coin going down rather than sell it at low price.

[noormcs5]

$2000 lose in trading it is a big lose. But if you could hold your coins for a time then may be you have a chance to recover your lose. Actually in trading, it is same like gambling our luck wise we could suddenly gain profit and if we miss that moment then our profit convert into lose. No doubt trading is risk but still i like trading while if i have $2000 lose in trading.

[O$IRIS]

Go borrow extensively and lose another $5,000 just to be sure.

[Kurokyy]

There must be something wrong with you if you lose that much money in trading. If you just still hold it and not going to cut your loss, its not still be considered as a loss unless you sold it. Do not be discouraged with your loss, check those thing you did wrong in trading and be better on your next trade

[Bitcotalk]

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

Dude some people can’t afford to lose such an amount of money. I know a friend of mine who had to quit trading due to he lost an amount that is similar to that. It’s not easy for everyone, I myself can’t afford to lose that amount of money, but if I do, it wouldn’t be a reason for me to quit.

I won’t allow my emotions to take over me and control me, though I will accept the fact I loss and then try to figure out what the issue is.

[rickadone]

$2000 is nothing in crypto, you today can lose $2000 in trading but tomorrow you can make $10.000, this is trading, everybody lose some, but at the end gains must be more than losses.

LOL. Of course 2k$ is just a small amount to the whales but with new trader and new investor I think this amount is really big to them and for me it's also really huge ). To earn 2k$ in crypto it's not easy if you don't have a huge capital right at the start or you must be a really hard worker. But I think when you're a expert in crypto world I think it's really easy to earn 2k$ if you have huge capital at the start or not

That part is similar with gambling, when you lose some amount you try again and even with more money if you can afford it. Trading is not always making, in trading we all lose when market starts to go down, but again when its going up not all of us are winners, that's why sometimes you need to know to keep and sometimes to get into the trade's. There is one good one, you lose only if you sell, that's applay a lot in many alts not just bitcoins. Keep that in mind when you wish to trade, and one more thing when you fall only way is up, so after loss get up and try again and again until you learn to do it properly.

Yeah, liquidity is good and knowledge is better. I have noticed though that most newbies have severally ended up on any exchange, and then at the end of the day discover that they made the wrong decisions and that is because they are always so jumpy when it comes to conclusions without making any research.

The web is all there for everyone and a lot of resources as well, so I wonder why someone will not consider liquidity before choosing an exchange, coupled with some other features and the same applies to knowledge as well.

[Hemady17]

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

Dude some people can’t afford to lose such an amount of money. I know a friend of mine who had to quit trading due to he lost an amount that is similar to that. It’s not easy for everyone, I myself can’t afford to lose that amount of money, but if I do, it wouldn’t be a reason for me to quit.

I won’t allow my emotions to take over me and control me, though I will accept the fact I loss and then try to figure out what the issue is.

I agree with you Bro! Being a full time trader should not be emotional on the loss. We have to recoup and prepare a play on the rebound. Currently I was able to buy back last February 15 at 9k USD I will be very careful this time and will execute my plan religiously.

Losing is not on my mind!

[veleten]

a 2000$ loss can be damaging if your initial trading bank was small
losing 2000$ out of 3000$ or even less than that could be something you won't be able to recover from
but losses of 5-10% of your balance as a trader is nothing new
if you start with 20.000$ cutting your loss at 2.000$ is a good move,you only lose up to 10% and can easily recover afterwards
OP is right about stock market being different from crypto trading,although the principle is the same
there is much more volatility in cryptocurrencies,plus bitcoin price has influence over almost every alcoin out there
so if the market is bearish,you are almost certain to see the downward movement on almost all of the altcoin markets as well

[ictin]

I think if you have losen your money, you should forget it and start again. Let's find out and invest in it. Loss and win is a normal thing in trading and you have to accept it.

[koryu]

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

[mason13]

2k$ lol.. I lost atm ±125,000 $. And keeping optimism  

[Tanaudi04]

2k$ lol.. I lost atm ±125,000 $. And keeping optimism  

Bro you beat him you must be good in trading can you share to us how you loss $125,000. Please share to us so that we will not follow you. $125,000 is not a small money you have certainly large capital.

[Celebrity]

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example. That's why we need to be responsible in trading of cryptos.

[mason13]

2k$ lol.. I lost atm ±125,000 $. And keeping optimism  

Bro you beat him you must be good in trading can you share to us how you loss $125,000. Please share to us so that we will not follow you. $125,000 is not a small money you have certainly large capital.

I lost because of bitcoin and ethereum price dip. But I didn't sold my coins yet so I hope its temporary losses. And in some month I could have +100k$ revenue.  Lesson I have learned: always take partial profits on highs. Don't be greed and don't wait for more and more highs until it drop. Sell step by step on raising market.

[Finestream]

Minor. Losing 2,000 is very little in the grand scheme of all things. Also, if you are patient enough you will not lose it. Most assets go higher with time (obviously these cant be random shitcoins)

It's not that small for lots of people using this forum. Here, $2k is a serious amount of loss for me for example.

Exactly.That's already a big amount for everyone here who keep on struggling for profit.But since it had happened already,you should learn from it.We are not making an easy money here so we should know how to value our hard earned cash.Holding our coins in times of big dips can help us avoid a great loss.So maybe by next time,we should learn to stretch our patience more because that would be the best way to still gain profit even when the price goes down.