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

[jack8989]

Losing 2000$ isn't that bad , when you didn't lose your hope or all of your property than you still have chance to make more than just only 2000$.
But you need to learn first then do things later because with this result i do know that you're not good at it and you really need an improvement.

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[Alijiindahaus]

Losing 2000$ isn't that bad , when you didn't lose your hope or all of your property than you still have chance to make more than just only 2000$.
But you need to learn first then do things later because with this result i do know that you're not good at it and you really need an improvement.

It seems to me that it is better to study the roof from the very beginning, simultaneously taking part in Bounty companies. Already has enough information, you can better kiss or know how to make investments.

[moshk555]

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. Leaning Always position our knowledge and give good strategy to trade.

[gudrun]

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

I think that you can completely invest in bitcoin, at present bitcoin prices are rising very strongly and have continuously broken the milestone in order to increase prices in the long term. At present, bitcoin is at $ 8800 and I think technical analysis of bitcoin will be able to touch $ 10000 in the coming days. You can rest assured and invest in bitcoin.

[tumokatok]

I have experienced a loss of more than $ 5,000, that affect my mentality, so I choose to stop for a while and start trading again 1-2 months later, and act more carefully.
Loss huge or tiny is depend your capital.

Now there is more much losses coming from the altcoins. The loss depends on your capital and what coin did you bought, i lose more than 1btc more or less, thou im not worried so much because i know what coins i bought and its potentials.

Once up then you can sell it, do it repeatedly to be able to get many benefits. I think when you lose so much then all you can do is play short term by utilizing some coins that have the potential to go up

[erik777]

Yesterday I'm lose 1500 dragon tokens(above 1500 usd), because send it to my huobi account, and false, because coins didn't trade on it. And manager sad, that send my tokens back if I pay 2 eth.

[Silberman]

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. Leaning Always position our knowledge and give good strategy to trade.

Not really, 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.

[rhomzkie26]

If that happens to me of course I will accept the fact that I lose it. Then I'll take it as charge experience, also I will review the mistake moved

I've why I lose that big amount of money then analyze what to do next time for me not to encounter that again as mus as I can though being a

loser is a part of being a traders, isn't right?

[Elseye]

2.000$ is not a very significant sum in crypto but still it's painful; it's a must to learn your own mistakes in our job, otherwise you'll never get a good profit.

[Shanmatthew]

2000$ lose?I think if that happen to you or already happen.you need to analyze you're previous strategy and stop it because there's something wrong.you need to change you're strategy or improve it. You need also to hold you're emotion in trading world.its too risky to make profits.

[Arwinkim]

Two grand is a lot of money for my pocket. Must be frustrating to lose it but we can always learn from it. Well, it will take time to make $2000 again, more importantly it teaches us to be a patient trader.

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.

I love this part from this thread. Just like in the world of investment, a famous saying "don't put all of your money" in one basket has helped us to grow value of our portfolio. We can play assets that fall or rise to cover losses and even to gain maximum profit. Unfortunately, there is no any portfolio strategies here.

[zmkriel]

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.

Absolutely true. That is why we need a lot of patience in trading. And also that is the reason why i am hesitant still to enter in trading world because i know that i am not yet capable of doing that thing. Though i done some research for quite sometime already. I learned how risky is it especially when what we have have (money) is not that much and cannot afford too much loss.

Yes there is big profits in trading but we need to be skilled enough and wiser enough to be capable of doing so.

[HatakeKakashi]

Losing some capital is normal because we don't know what really happen to the altcoin who are bought . Yes the altcoin you bought have potential to increase in the future but for sure also they have possible to dump the price. Better to make a research of every action or decision you made because if you do that you can prevent risk of losing money or your capital. I hope you will get profit anf not losing capital anymore..

[feelideb]

It doesn't matter the amount of money lost to bad trade, what matter after any kind of loss is to thoroughly audit the decisions and processes that led to bad trade in the first in order to prevent such event repeating itself.

[Rufsilf]

No matter how much you lose from trading, always keep in mind that losing money is always a part of trading. You might gain a lot of money but it's not always guaranteed that you will always gain money from every trading that you made. Most probably, trading may also give a loss of money and if you'll lose money, just keep on trading or hold the amount that you have because there might be a chance that what you have will have a greater value on what you actually have.

[Lauff]

I have experienced a loss of more than $ 5,000, that affect my mentality, so I choose to stop for a while and start trading again 1-2 months later, and act more carefully.
Loss huge or tiny is depend your capital.

too long a break from trading makes your losses bigger, because you can not recover your loss quickly.
The trade should be done again in the near future. Rested a week I think enough to restore mentally again.

You can see from existing graphs and play when the graph is down. And actually there are many ways to recover the losses you get, the way you buy coins that are still cheap and have upcoming events until the coins you buy have the potential to increase

[supine]

The best thing to do is just to make your experience worth it. Analyze what is wrong with your trading decision, what mistakes did you do, or what made your judgement wrong. Feeling bad or stressed about your loss will not help you become a better trader.

[Hypnosis00]

Losing is natural, although you have to be more practical when you are trading. There might be some instances that you'll lose a lot of money because of a certain mistake in what you are doing, Whatever happens, keep on trading or just hold and sell your bitcoin so you'll gain profit either of which you will do with the thing that you have. Strive harder and  keep on doing the things needed in bitcoin even if you had a massive loss.

[bhabygrim]

If ever I lose that huge amount of money in trading then I would start over again and try to recover it,
I think everyone could recover that huge amount of money if they could lose it from trading,
You just have to learn from your mistake and take it as an experience .

[JRoa]

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 you lose big amount of money in trading, you should work hard and work smart for you to overcome all of your losses. Use the information that you got from your past mistakes for you to regain your losses.