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Author Topic: What to do if you lose $2,000 in trading?  (Read 13110 times)
manismanja
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May 01, 2018, 04:48:28 PM
 #221

I think if I lose the total assets up to that much then I will experience a very high level of pressure because it suffered that much loss, and after that I will try to recover the assets I have.

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May 01, 2018, 06:12:40 PM
 #222

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 .
I lost it but not in one coin overall I lost more than this amount, but it is common in trading we have to accept both profit and loss then only we will become a good trader and when you lose money you will learn how to trade next time without losing money. in crypto trading, especially in BTC trading, we 100% get an opertunity to recover our loss.
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May 01, 2018, 06:16:09 PM
 #223

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


$2000 is big loss. You can easily overcome your loss if you will improve your technical analysis skill. You can easily predict the price of the coin if you fully understand the chart of a particular cryptocurrency.
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May 01, 2018, 06:45:07 PM
Merited by Stephen Gornick (4)
 #224

It's not a small loss bu hope you counted with that at the first place. What people often forget is that trading isn't just profit but losses also come along.
The worst thing you can do is trying to recover the loss quickly at any price. That could only cause more losses.
My advice is to analyse the market carefuly and wait for the right moment to act, make a plan but try to recover that loss step by step. It might take some time but at the end it will work. And learn something from that for a future.

strongwarrior238
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May 01, 2018, 10:37:18 PM
 #225

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 lose $ 2000, I'll end the trade that day, shut up and rest. You can see that the market is constantly changing and difficult to predict, so it will become more difficult to trade. The essence of the market is that the market is always right and you have to adhere to and go with it to be able to make money.
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May 01, 2018, 11:16:17 PM
 #226

Should talk in percentages and not $ amount. For somebody 2k could mean pennies, it could mean months rent, or it could mean a whole year worth of savings. What you should do though is dependent on where on the spectrum you land.

kateycoin
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May 01, 2018, 11:22:17 PM
 #227

For me move on and forget it because I will earn that again I will stress my self because I don't know what will happen everytime. Maybe I'm not lucky that day if I lose that kind of money. So move on start to trade again.

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margert
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May 01, 2018, 11:49:13 PM
 #228

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


With a market fluctuating constantly and difficult to guess as the present time, your loss of $ 2000 is understandable. The market in recent days is constantly being greatly affected by the price increase of bitcoin, all fluctuations of bitcoin have a huge impact on the market so I think that when trading altcoin you always have to pay attention to the price bitcoin.
network.decentralizer
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May 02, 2018, 12:27:45 PM
 #229

My friend it depends the volume you trade. If you are trading with $5k and you lose $2k then there is a huge problem because you are -40%. You will need about +66%.
If you are trading with $50k and you lose $2k then it's ok. It means that you lost ~4%. It's easy to recover your lost with a good trade, like EOS right now which is going to reach 18-24 Billions USD market cap before it goes live in my opinion.

Important:
You should never trade/invest more than you can afford or are willing to lose.
Hemady17
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May 02, 2018, 12:39:07 PM
 #230

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 .

This is absolutely true, failures makes us a better trader. I think most of the successful traders out there are made thru their experience most especially with their letdowns. Single defeat should not define their whole capability instead encourage more to learn every single day.

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BobBct
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May 02, 2018, 12:42:04 PM
 #231

Many people lose more than that but of course they earn more than that. and it's completely normal to lose because if you are not losing you are not perfecting or trying to perfect your trading strategy because not all the time your strategy will be accurate.
Jorosss
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May 02, 2018, 01:39:06 PM
 #232

Many people lose more than that but of course they earn more than that. and it's completely normal to lose because if you are not losing you are not perfecting or trying to perfect your trading strategy because not all the time your strategy will be accurate.
Yes many people losing money during trading and it happen anytime. Sometimes it is also good you experience this kind of situation for the reason's that nex time you will know what to do. Learned again how to trade once already with gain knowledge you can trade to win.
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May 02, 2018, 07:40:13 PM
 #233

I don't see the sense in such analyses or articles... just don't invest the amount you are afraid of losing - and that's all the secret. If you take the risk, be ready to face the consequences.
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May 03, 2018, 11:11:15 AM
 #234

As long as you know exactly what are you trying to do, you will always and easily find the better ways to do that, to buy and sell without letting emotion kick in
korong ajem
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May 03, 2018, 11:52:09 AM
 #235

if I lost 2000 k in trading then I will join in bounty campaign to return my money then I will do trading again with a smaller capital
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May 03, 2018, 03:41:44 PM
 #236

You entered the busieness and so you might have already known that you can sufer loss anytime. So panicking is useless.
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May 03, 2018, 04:43:33 PM
 #237

In order to avoid large losses, well, or minimize them, you need to diversify your investments
jamesclark
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May 04, 2018, 07:09:25 AM
 #238

Try to buyback, if you still have free money for that. But sure don't sell everything you have (car, phone, and etc) to do that. With that strategy you can get your money back when the price is a half from when you buy at the higher price
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May 04, 2018, 07:22:41 AM
 #239

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 should move on if you loss big amount of money in cryptocurrency trading. If you moved on after huge loss, this time you should focus on how you will gather more information, strategies and techniques for you to easily overcome all of your losses.
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May 04, 2018, 08:14:19 AM
 #240

Retrace your trading. There's this called "purging" that I learned from a popular trader that's very effective. It means you stop trading for a certain period of time, up to you. Whether you gain or lose you must follow this plan so that you lose ur biases in any given trades. Plan ur trade and trade ur plan. That's always the general rule. Live and forget.
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