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Author Topic: What to do if you lose $2,000 in trading?  (Read 12955 times)
Avalance
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June 13, 2018, 04:22:16 PM
 #441

So the conclusion is to learning from the mistake that you have done. Ofcourse, that is the obligation for the traders, if they can't learn from the mistake, they are insane to repeat the same mistake in the future. But lucky also needed.
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June 13, 2018, 04:27:17 PM
 #442

In my opinion, losing money in the investment is normal. You lose money but in return you gain experience when investing. When you have more experience then you can get back what you lost today.
Good point! dealing with loses and aiming for a big bounce back is literally a big factors inside trading, if you lose that much and you still desire to continue then you will be able to find ways on how to avoid another mistake, $2000 is too much for those who are not that rich so better to make sure that you are capable to handle such risk, better to investigate more and study much deeper, the more you know what to do the better chances to have some recovery strategy, keep yourself in form and try harder.




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June 13, 2018, 04:57:53 PM
 #443

I admit that at the moment I am losing a lot, but not up to $ 2000 because I am still learning trading, I am now more careful in taking action so that I do not make mistakes for the latter, the best way is to keep learning for success

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June 13, 2018, 07:53:08 PM
 #444

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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June 13, 2018, 10:57:23 PM
 #445

In my opinion, losing money in the investment is normal. You lose money but in return you gain experience when investing. When you have more experience then you can get back what you lost today.
There are people who when enter the market for the first time loose good money just because they do not know the way to deal in the market. Also when one do not know about the basics of the technology, how can the investment go good? Once you have lost money, you can recover the lost money by expanding your knowledge about the technology and the market and making wise decisions about choosing a coin and about deciding when to sell and buy.

 
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June 13, 2018, 11:30:49 PM
 #446

Well,  learn how to trade and never stop to discover new things in trading.  With all your mistakes,  you will also learn how to be a good trader someday. You lose now,  you will surely gain in the future provided that you have your knowledge in what you are doing.

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June 13, 2018, 11:47:42 PM
 #447

Well i lost more than 16k $ from last six month and total portfolio was 19000 $ and now it's 3000$. I did many mistakes and I had emotional attachment with some Altcoins thats why i suffered loss and now i have nothing to invest or trade.  I have only hope of market growth and waiting from last few months.
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June 13, 2018, 11:52:10 PM
 #448

I admit that at the moment I am losing a lot, but not up to $ 2000 because I am still learning trading, I am now more careful in taking action so that I do not make mistakes for the latter, the best way is to keep learning for success
The best thing to do when we lose $2000 in trading is to dont quit because when you quit in trading how you will able to come up with your loss, my advice is you keep doing trading and just always practice to trade so you can really earn a good income in trading world.

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June 14, 2018, 01:01:18 AM
 #449

I been lose more than that amount now,  i just hold it because i dont have any choice. When i bought the coins the price in the bottom already but the price continue down more. I still positive for crypto market, later will be any times for that to turn bullish and all the times high, only wait patiently possible to make profit later.

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June 15, 2018, 04:58:24 PM
 #450

Losing and wining are two paths of the journey. Losing makes you wise and do things better next time and anyone who is always afraid of losing never takes a step.But if you can put the fear of losing aside and move forward,you will always have great experience in your journey of life.You have to sit down and learn from the experience. Learning from the experience of losing is the greatest win but failing to learn from the experience makes you an actual loser.
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June 15, 2018, 05:07:47 PM
 #451

I just hope that you were prepared for this loss and are aware that losses are inevitable part of trading.
In this case you probably over estimated yourself and had to big apetite for profit or maybe just made wromg decision.
Anyhow, the worse thing you could do is to try to recover this loss for any price in very short period of time. I suggest to make some strategy or plan how with investment of smaller amounts in more conservative way you will recover the loss. Just make sure that you give yourself reasonable time.

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June 15, 2018, 09:07:04 PM
 #452

In my opinion, losing money in the investment is normal. You lose money but in return you gain experience when investing. When you have more experience then you can get back what you lost today.
No, you should forget about the money you lose in trading, even if in the future you earn much more money than that you should never think that you recovered that money that you lost, the reason of why I say this is because that is very similar to the way of thinking that gamblers have when they lose money and then they think they can recover it if they keep gambling.

 
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June 15, 2018, 09:13:17 PM
 #453

If you lose $2000 and you worry about it so much you have to start a thread about it, you've invested more than you were willing to lose. That's the lesson to be learned here.
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June 15, 2018, 09:14:41 PM
 #454

yeah lol
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June 15, 2018, 09:48:38 PM
 #455

I also lose my money many times in trade but I do not worry much as I can wait for longer and I only do some wait for the coin to recover but after reading your post I got some more ideas for doing a better trade I hope that with your suggestions now I will be at a more better position in trade and will have more skill with me to recover my lost money in trade.
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June 16, 2018, 07:20:19 AM
 #456

Having losses in trading cannot be avoided, sometimes we experienced unpleasant happening like losing our money so we have to be always ready with that situations, if you really want to trade then try to split your money so that when you lose the money its not so much hurt for you.

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June 18, 2018, 03:13:09 AM
 #457

If I loss that much money, I won't stop trading then I will try to recover my losses and learn from my mistakes.
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June 19, 2018, 06:26:45 AM
 #458

Money is not everything, more than this, money is the most renewable resource in the world, I would regret more about the time I lost, because there is always an opportunity to gain your money instantly, by closing one great deal.


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June 19, 2018, 06:42:14 AM
 #459

Accept whatever happened, because when you are in trading you have to be ready yourself if you will win or lose your money, we do not know what happens in the future so, just always be ready.

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June 19, 2018, 06:55:54 AM
 #460

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, you should really improve your strategies and techniques. It is really obvious that your knowledge is not sufficient. Always work hard and study better for you to improve yourself.

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