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

[Lannie25]

Losing two thousand US dollar is so sad to happen but you can use this as a motivation to do well and learned from it or they called it as a lesson learn to be much better trader and decision maker  in this business and industry  to be one of the successful.

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[Hemady17]

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 at this time we should stop trading, you can see that bitcoin prices in the past few days are constantly fluctuating, the market is very hard to guess, so the transaction at this time risk will Very high, you will lose heavily if the trade fails. In my opinion, you should wait for a more stable market to start trading.

The problem of waiting the market to be stable is we really don’t know the exact time of stability in the market. What if the scenario is like what happen in last 2017 December. The market surge to ATM and you didn’t invest because you are waiting for the perfect time. You the key here is know your risk management. Prepare a reliable trading plan and execute it religiously.

[waywethe]

If I lose $ 2,000 in trading, I think we should calm down first. I should not continue to invest and probably during the time I'm going to study trading courses

[Leonard2016]

Everyone should knows market won't be always bullish in short periods , and every up has a down!
And about if i lose 2000$ , I would go on coz i know I can make more , but I would write it down that I have lost 2k because didn't see the bearish trend .
I always put stop loss if I want to do day trading or swing , so I need to be out of my mind to don't put stop loss and then regret it!

[campica]

I think that everyone have experience with losing in crypto trading, especially people who invest when bitcoin price was more then $17k.. When you lose you should not try to bring back your money immediately, because most people when lose money they invest much bigger amount and try to get double, but then they lose more and more. First you need to wait till market get little stable , then do some research and invest again. Try investing lower amount of money , so if you lose again then maybe trading isn't for you.

[jeepuerit]

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 lost $ 2,000, I'll still invest, I'll cover $ 2,000. There are many ways to get rid of $ 2,000, when we are just waiting for our invested currency to recover our investment losses, we are not always losing money, we have a successful investment day too.

[goku1525]

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 lost $ 2,000, I'll still invest, I'll cover $ 2,000. There are many ways to get rid of $ 2,000, when we are just waiting for our invested currency to recover our investment losses, we are not always losing money, we have a successful investment day too.

I assure you to get over on that and find another way to recover your losses.Everything here in crypto has a chances to gain another money by joining some project or program in bounty campaign.Yes,its difficult to forgotten what happened but if we have to learned from mistake its possible to recover and immediately growing your money because of fluctuation on the merket.

[JaxxBoll]

That is a very normal business story. If you lose 2k $ in exchange you will get good experience in the market. And if you have not learned the lesson yet and do not know why you lost 2k $, then it is best to stop.

[hurriebra49]

I think I have two ways one is if you have coins in loss but you can’t sell right now than I think the best way is to long wait until it will again come on back this price and if you sell it and the price is more down than you buy it again and hold it for long time,

[Chrystora123]

losing $ 2000 may be a little bit for big investors, based on my experience, when the price of my coins goes down I buy it back at the bottom price.
so even though in the initial capital I lost $ 2000, in the last capital I expect the coins I bought up so that my $ 2000 capital back.

[redsun114]

Trading is too risky i know and losing that big amount is unacceptable for me. But i know there so many ways i can do to find where i lose and how to get it back. Patience is one of the key to success.

Well I believe that everyone happens for your good. If someone has got a shock of this much amount in trading, it is all about to make him learn that things can’t just work this way. There are other ways as well to make yourself stronger and right about your mistakes that must not be repeated again. And all those who listen to this specific voice, they never loss so badly next time.

[FalcoonRed]

do not despair trading in crypto is risky you can lose big and you also can profit big, most importantly do not despair because failure is a delayed success.

[george888055]

If loosing $2,000 a big deal for you maybe you invest with money which you cannot afford to lose? I believe the prices will increase eventually but I will never reccomend use last money for crypto

[Genosx]

Losing two thousand US dollar is definitely horrible might to happen because its all about your own money but dont lose hope,
just think that this is god purpose to make you better trader in using money.

[PHUONGCRYPTO]

I i lose up tp 60% of account, i willnot cut loss, because the market would change the direction soon, i only accept the maximum loss to 10% / account capital.

[ausbit]

If you have lost money, you need to analyze the reason why you lost them. It's an accident or a pattern.

Panicking out, staying sad and depressed, thinking about giving up and trying some other way for meeting the needs of life is what in would strongly oppose. These cannot bring anything but further regrets. The method that you suggested is the right one to deal with such situations.

Every trader comes across such situation more than one time in his career. All the successful traders were once a novice too screwing up but they learn from their mistakes.

[i_iz_vins]

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.

yeah because 2000 us dollar is a huge amount, for us simple traders that can make us really upset because we do not own a lot of money. Mistakes happens and it should not stop you from doing what you love,instead be better at it so you can be successful the next time you do trading.

[joyclicks]

What did you do to lose 2k $? You buy and see the market go down so you sold what you have? Take a breakdown of what causes you to lose money, From there you will get better handle for yourself.

I think it is normal because I have seen many people who lost more than $2000 in one day. One of my friend lost about $8500 in one night. You should be patient and don’t think too much about loss. Stay there and do your best to recover your lost money in crypto trading. Day trading is the best way to regain your money but you will to be patient.

[natsu01]

If I loss that much money, I won't stop trading then I will try to recover my losses and learn from my mistakes.

[Phuongph1985]

I will hold to moon