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

[sheryl26]

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

Then i am not gonna stop trading and i will regain that loss and make profit even more because in this business if you are soft hearted then if you lose ones then it is hard for you to regain that because you will just get sad and getting sad will not help but you must do an actions in order for that to not happen again and for you to gain much more money because in the next time you will not do the same mistakes twice. You'd be a better trader after a loss trust me

[ohkkstaaahp]

My sincerest sorry. But do not be sad to see it as a business lesson. Take the experience and pay attention to the next investment. I think you should be happy, it should not be lost in the spirit of business.

[Ushono]

It's just one losing trade, I've had hundreds. Any deal can be profitable or unprofitable, as luck would have it.

[Saidmod]

My sincerest sorry. But do not be sad to see it as a business lesson. Take the experience and pay attention to the next investment. I think you should be happy, it should not be lost in the spirit of business.

You shouldn't be happy instead you strive for something else you loss and it is important that you learn something into it. Two options after losing to quit trading or to endure it continue you en journey make some mistakes again and rise up, to keep your spirit dont go all in.

[bitcoinveda]

We can't sell them for the low price, so the only option we have is holding the coin till we made profits. Don't lose your confidence try to find your possible chances in order to recover your losses, if you wait patiently for some time you will get your investment back.

[coinfinger]

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

Whole trading, there will be so many occasions when you will find it difficult to earn some money and that you will lose your money and that too because of making any foolish decision. However, you need to stay calm and that you need to keep your nerves under your control and try to look for the ways which can then help you out in making of some good amount of money as well help you in recovering of your loss.

[bearexin]

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.

My first suggestion for the person would to stop taking too much stress about the loss or else it would be difficult to move forward. There are people who have faced far greater loss than this one. We cannot undo what is done. This is the time to focus on possibilities of making profits. As the whole digital market is going through a dip, buy some bitcoin and hold it until it soars up and that it will.

[GreatArkansas]

Thank you for this explanation. Now I can control my trading style, it is very the best to learn from your mistakes specially on trading. Doing trading is very risky, that's why you need to learn first those basic  before starting to trade and you should always control your emotion.

[pinoyden]

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.

My first suggestion for the person would to stop taking too much stress about the loss or else it would be difficult to move forward. There are people who have faced far greater loss than this one. We cannot undo what is done. This is the time to focus on possibilities of making profits. As the whole digital market is going through a dip, buy some bitcoin and hold it until it soars up and that it will.

Agree. the best thing he can do for now is to move on because that event is already done. Instead of stressing and regretting her self to much , why cant he just learn from his mistakes and do trading again for another time. In that way , he will now know on what he did wrong on his strategy.

 2k usd is a pretty big amount especially for the regular people who arent earning too much but 2k usd is only small when it comes to earning a potential profit in trading, he can always earn that amount or maybe even more.

[Kawasakinamoto]

For me that's normal because if you gain big you also loose big and you can actually loose more than that if you want to gain more but of course those loose will make you thougher in trades.

[Silberman]

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

There is no shame in losing money when you are trading, it is going to happen to you especially at the beginning however you need to make your best effort to try to learn from your mistakes and to never repeat them again, only if you follow this process of self improvement to the letter you will become a successful trader, if you do not then your losses will keep accumulating.

[MiF]

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

There is no shame in losing money when you are trading, it is going to happen to you especially at the beginning however you need to make your best effort to try to learn from your mistakes and to never repeat them again, only if you follow this process of self improvement to the letter you will become a successful trader, if you do not then your losses will keep accumulating.

If we encounter that big mistake of losing that amount, then we should move on and don't lose hope. Everybody's motivation here is important, yet self improvement was recommended to everyone so that you won't do that mistakes again. We may not lose again after learning those mistakes and it serves as our inspiration, and that failures will be our strength. Now after that huge money lost, find another coin that has good standings in terms of profitable aspect so you can dig dipper of its demand. If you bought higher demand coins in an earlier time, possibly you can do day trading and sell your coins instantly when value will increase higher.

[Ryanpogi]

It's really a painful experience if that's my real world. but my friend says no surrender because of that part of Life. so do not give if you lose $ 2000

[bettercrypto]

$2000 is really a big amount specially if you are new in trading. One thing that we need to do to avoid losing higher amount of money in cryptocurrency is to know first the environment that we will enter. Trading is not easy, you have to scan first the lesson and guiding principles in order to start. Reading of TA, using technical indicators and other stuffs should be learned if you to cross the trading. It is good also to watch videos and other trading techniques in order to become aware about the nature of trading. If you lose a big amount, don't quit. Instead, try again and be wisely in your second chance.

[longminh123]

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 is really a highly constructive article and it will help newbie to understand more about Crypto market. Most newcomers to the trade often ask about standards to become a professional investor.
This is the most complete post for new people. I really appreciate this article and hopefully you will get merit from this article.

[Bitcoincole]

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 is really a highly constructive article and it will help newbie to understand more about Crypto market. Most newcomers to the trade often ask about standards to become a professional investor.
This is the most complete post for new people. I really appreciate this article and hopefully you will get merit from this article.

Losing money is always a heartache and a headache that you have to overcome over times since it will be your shadow wherever you go. However, in any business, we should have a positive mindset and a strong willpower to move on and sharp memory to evaluate in what where and how you had fail. Consider you failure a lesson and bridge to do better next time.

[financialgoal]

$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.

[geegaw]

$2000 is really a big amount specially if you are new in trading. One thing that we need to do to avoid losing higher amount of money in cryptocurrency is to know first the environment that we will enter. Trading is not easy, you have to scan first the lesson and guiding principles in order to start. Reading of TA, using technical indicators and other stuffs should be learned if you to cross the trading. It is good also to watch videos and other trading techniques in order to become aware about the nature of trading. If you lose a big amount, don't quit. Instead, try again and be wisely in your second chance.

Of course, not to give up is an accurate decision because although I know that many people will be very difficult to face this truth, they will say you can not understand their feelings in this situation but they should calm down, stop trade some time and think. If we do not continue, the loss will still be there, it will create a fear in our minds, we will not have enough confidence in everything but if continue, the fear will disappear, our psychology will be better and losses may gradually recover over time, do not let the loss beat you, you should defeat the fear of loss and go to success

[yohaneshs]

It's a good tips for a traders to manage our problem when get a loss. Usually i spend my time to review my strategy trading and relaxing my mind. I have a quotes "sometimes we win and sometimes we learn" it's motivates me to learn in every moment.

[headache1327]

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.