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

[fetokun]

Crypto trading isn't easy and its not for everyone. Trading such a volatile market isn't easy and one shouldn't try doing it unless he is a pro. Anyone is better off just hodling their coins as they are likely going to make much better returns on their investment that way.

[MMA]

Loosing one time not a big deal but loosing continuously there is some thing wrong.Lack of knowledge and wrong selection of coin is also responsible for losses.Sometime impatience also lead to the losses because when market decline people get panic and sell hurry but dont wait till market going up.So find the lacks and overcome it and start with courage take right decisions at right time you will win.

That is very normal in trading, some time we lose a lot of money, but other time we not only recover the lost but also make a good profit, so it right to say that if you are losing money for one time then it is not such a big problem, but if you are losing money continuously then you need to change your strategy. I have seen some people who lost a lot of money in trading, and therefore they become disappointed to stop trading at all.

[cydrix]

Cry then place yourself in a calm place where no one else around about a day or two no more than that after that also try what the OP says seems hes had good grasp of the loss experience in his time of trades very well done. This post really deserve the merits.

[jems]

I always read the information and see the best moment to start trading or stop all my trades.
I am worried about the management of emotions will cause stress and can not resist to cut loss. If there is a bad issue it is better to quit and not take a big risk in trading.

[billbear]

Cry...a little, then. like Stalone - rise and try again but being wiser then before, heh. Try again and one day youll be happy on a lambo.

[MMA]

Cry...a little, then. like Stalone - rise and try again but being wiser then before, heh. Try again and one day youll be happy on a lambo.

Experience people will never cry but will think and will make new strategy to recover their lost and even convert their lost in to profit. They always try to minimize their lost using different tricks, they always know the nature of bitcoin and always take a right decision in right time. They some time even compromise on a little lost if they feel the need to sell their bitcoin and buy it again in a low price which give them a good profit so recover their lost and even give them a good profit.

[hhussain]

If you make a loss this means you are not good at trading so it's better to learn it again properly and after that start to trade again and recover the loss. Its will be best for you.

[apityeh71]

If you lose more than 50% from initial deposit, for the better wait patiently for other bullish market. And add other more money to make deposit and start trading again with other better strategy. When the price of BTC drop more than 50% that mean has chance to going up again, and if cut loss it finally will be in lose.

[ToyotaFortuner]

if I suffer a loss of up to $ 2k all I can do is do an asset recovery by means of very fast trading means trading using a coin that has a price is still cheap but its movement is very fast in that day as well.

[Tryto]

Rage quit, probably. I think people that try to earn them back fall into the gambler's fallacy, i.e. a random process will become less random later on, i.e. because you lost some money, you are bound to make money, it can't rain all the time, etc.

[ahoenk]

First is that the real lose or just down and not selling your coin yet ? I you are still holding it buy more that coin in dip so when the price bounce you can still get your money. Buy 2x of your first time. It will make you in profit if it is back to initial price. Its called averaging.

[PIMPdev]

First off all you need get some a rest because when u loss a lot for you or earn alot for you need have a rest think about it do not need to trade and try to get all back .

[parthgajjar]

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

If I fail to $ 2000 I will stop nagy and not trade again. At this point, I need to calm down to see where my plan goes wrong and my investment strategy is having an old problem and leads to failure in a row. If all is correct then your transactional psychology is having problems. Unstable psychology will lead to lack of confidence and become more confused when confronted with price problems.

[jostorres]

I would say just quit trading and become a hodler. Not everyone is made for trading. In the crypto world the hodlers get better returns then the traders. Also hodling would be good for your peace of mind and will help you stay relaxed and focus more on your day to day life.

Lol. More like give up because you cannot make it as a trader right? As much as that makes a lot of sense for someone who feels he is not ready to learn or probably try as much as possible to be dedicated towards trading, I always advise that people should struggle to learn and do it right.

It is better to hold anyway than to keep trying out trading blindly, but the truth is that trading is actually awesome when it comes to making good profit.

[bitgolden]

if i loss 2000$ i really cry in my bedroom and never trading again, but does not mean i can quit until there. i can rise again and change from trading bitcoin to invest bitcoin, because invest more good rather than trading. invest not use your pyssically for trading, we can enjoy in free time and with family and we get it a money.

Crying would not solve any problem but rather try to see how you missed it and see how you can make amendment next time. It is a market and there would always be series of chances, but it all depends on whom and who is ready to take those chances and learn from them to make better decisions in future. As some will bail out from such mess, some will find how they can get it right and that is what always ends up making a pro; persistence and some high level of commitment.

[t3m4nc0k]

I also experienced it but I think it will increase in the next few months and stay patient in holding no need to panic and fear because it is a fluctuation of bitcoin

[Silberman]

Crypto trading isn't easy and its not for everyone. Trading such a volatile market isn't easy and one shouldn't try doing it unless he is a pro. Anyone is better off just hodling their coins as they are likely going to make much better returns on their investment that way.

Those that think that trading is easy are probably going to be the ones that lose all their money, in order to make money in trading you need to have a very deep knowledge about the markets, experience and you need to be able to determine how the people are going to react to some news that appeared in the market and even with all of that traders cannot win every single trade.

[Tynovten_]

Yeah this is big problem, but do you need to be angry? NO NEED
1. There are still people who loses more than your amount.
2. your anger won't repair your mistake.

You must really inspect your mistake to avoid it again.
Second point that you told was a common mistake that really fatal.

Back to trading and avoid that mistake again.

[Agrabah]

In life many lose money and I am no exception. First of all, don't despair about it.Pick and try a different strategy.

[napi]

I think when you get losses to that much then you can do is play short term by utilizing some coin that has the potential to rise and after the ride then you can sell it, do it repeatedly to be able to get a lot of profits.