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

[djselery]

Trading is always risky, so you have to get good knowledge before start with this field, and also always trade with the amount you afford to lose. If you afford $2000 to lose that is up to you. I am not risking this high amount in trading especially if the possibility of losing is high. I made tardes with more than this amount and got good profit because I studied the chart, the market carefully, and choose the right coin, and the best moment to sell.

[binghope]

If I lose $ 2,000 in the deal, I will continue to invest $ 4,000. I will invest twice as much as I lose. But it is important that you learn something from your first failure so that you can learn the next lesson. In business failure is a frequent occurrence. Take a look at failure is a lesson for you, next time you will succeed.

[aervin11]

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

This hits me hard. All the opinions you share are great and really useful. Trading in this market is risky but you learned your lesson and you afford to share this knowledge to this community and I appreciate you for doing so. You might lose the cash but you earned the wisdom and I congratulate you for that mate. Bright future ahead, heads up.

[RodeoX]

As the OP points out smart, thoughtful trading is always the way to go.
Remember also that when some people say they "lost" money they actually mean they sold for less than they paid. In this case they locked in a loss by selling.
Try only using money you can afford to watch evaporate then refuse to sell until the price comes back up. Bitcoin is famously volatile and a return to higher valuations is still very likely, IMO.

[Mallampue]

If I lose $ 2,000 in the deal, I will continue to invest $ 4,000. I will invest twice as much as I lose. But it is important that you learn something from your first failure so that you can learn the next lesson. In business failure is a frequent occurrence. Take a look at failure is a lesson for you, next time you will succeed.

Trading or investment is a risk to lose of money, is it good to invest your money you can afford to lose that
you are right taht you learn something and get an experience.

[gunungkembar]

if I lose $ 2k then I will do asset recovery by playing another altcoin that still can potentially but you have to record all the moves of coin so you do not miss the situation when pump.

[bettercrypto]

If you lose $2,000 worth of cryptocurrency, then there is a problem to you. Check first yourself if you have capability in trading because if you will continue what will you do, it may lead to total bankruptcy. Unless, you are a millionaire.
Trading is a risky way of earning, you may gain or lose money. If you will enter the world of trading, be wisely and knows every side wether dump or pump of the coins you hold.

Sometimes, our weaknesses are not enough to stop our dreams. Sometimes, weaknesses are my strengths. It push me a lot to go beyond my limits.
Losing 2k dollars in trading is not a joke. Losing of 200 to 500 dollars is enough to say that you are a fool in cryptocurrency. But in case it happens, it might be the mistakes for the trader. He knows first everything before he will start to risk his money. Because in the first place, he is at cryptocurrency just to earn.
Anyway, it is not a problem of losing. It is about how you will plan to recover from your past. No one can't recover the past but we can change our future.

[btc-facebook]

if I lose $ 2k then I will do asset recovery by playing another altcoin that still can potentially but you have to record all the moves of coin so you do not miss the situation when pump.

For some people it's difficult to see the fact that they already lost about $ 2.000 , it's huge amount !

But before they start trading, they must aware at start especially for bitcoin trading because crypto trading still consider as risky investment , unlike stock exchange !

[worle1bm]

Trading is a sort of thing which everyone can't do perfectly and one knows in the beginning that he/she is capable of it and gifted with some special techniques.See you have lost $2k which is quite a big amount but you have bought at the peak prices and now when the prices are down you are complaining. You can either wait to recover your losses or simply leave the market so as to avoid becoming bankrupt.But hodling can surely recover your losses.

[doycku]

Trading is a sort of thing which everyone can't do perfectly and one knows in the beginning that he/she is capable of it and gifted with some special techniques.See you have lost $2k which is quite a big amount but you have bought at the peak prices and now when the prices are down you are complaining. You can either wait to recover your losses or simply leave the market so as to avoid becoming bankrupt.But hodling can surely recover your losses.

Are you really sure of the long-term prospects? You need to know what kind of investment you need to make, which will bring you a good profit in the future. Unequivocally all can answer the question, said about Bitcoin comma but for today there is very little confidence in Bitcoin.

[Sowik]

The best strategy is to learn from your mistakes and always and I mean ALWAYS use a stop loss. Will save your ass a lot of times.

[xitrum]

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

You can easily see the price of bitcoin at the moment is constantly fluctuating and very difficult, now many bitcoin has fallen below the $ 8000 level and there are no signs of recovery, only horizontal and oscillation. at about $ 7000 to $ 9000. I think that while the market is still in a downtrend and there are no signs of recovery, you should trade fast, do not hold any longer, and trade in bitcoin for the lowest risk.

[kotajikikox]

when i was entering in the trading to find better earnings i also ready for myself for the loses because we should trading investing is had a risk even do people are skilled or knowledegeable in trading job, in this scenario need to be relax and patience to avoid cutting off the loses need to wait the price value in the market, i suggest do not panic wait patiently.

[royale143]

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

Good read mate.thank you for this information. This would certainly be a helpful piece, especially for those traders out there. I totally agree with your pieces of advice. I think many users are missing the part that in every venture you do whether it's in the trade, investment or even the basic ventures, it should always be a priority to prepare and know what you need to expect in this market. At least in doing that, then you can be positive that success is always on the way, but a loss, would always have that chance to be mitigated.

[trand]

Nothing needs to be worry because I have lost more than $20000 in trading. It is sad to say so but it is a truth. You need to go through it and become stronger after every loss. The more loss you suffer, the more experience you are. BUt if you have lost too many times in trading, stop doing it. It is not suitable for you anymore

[nazaididuan1]

If I don't lose my digital encrypted currency in the transaction.

I will choose to continue to wait, waiting for the market to recover the day!

More business can make more mistakes!

[jerry3k5jamiso1]

If I personally lose $ 2,000 in transactions I continue to invest in with more money. And I see that failure is a lesson for me. I will find out the reason why I failed, I will continue to invest and not stumble on failure once again. I advise you not to worry, keep learning the experience and continue investing with the money in your capacity.

[Ailmand]

If you lose $2,000 worth of cryptocurrency, then there is a problem to you. Check first yourself if you have capability in trading because if you will continue what will you do, it may lead to total bankruptcy. Unless, you are a millionaire.
Trading is a risky way of earning, you may gain or lose money. If you will enter the world of trading, be wisely and knows every side wether dump or pump of the coins you hold.

Not entirely and not pertaining on personal level to you, but I think there is a problem with your strategy. Losing that much I think means that whatever plan you implement went down south and should be reviewed so that you can change it. Thus, it is important that you step away for a while to evaluate what happened. As you do this, your eyes will be open to those things that you should not pursue, or in the language of business, not invest in. I think that ego should not be a part of it because no one would just you if you walk away after losing that much.

[Dreamchaser21]

If I personally lose $ 2,000 in transactions I continue to invest in with more money. And I see that failure is a lesson for me. I will find out the reason why I failed, I will continue to invest and not stumble on failure once again. I advise you not to worry, keep learning the experience and continue investing with the money in your capacity.

Its normal to lose in trading but the question is what you will do after that lose. Some people may quit easily and some wil keep on learning and do better on their next trade. Personally, I will continue no matter what and I will push myself to learn more so I cannot lose that much again.

[jdkfy]

I think that when your investment is lost, you must first think about whether or not the investment was judged correctly, sum up your failed experience, and slowly study it so that you can accumulate experience to be able to determine more accurately which projects can bring To benefit.