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

[DarkIT]

It all depends on your ability to wait and your decision at what price to sell the purchased asset, because bitcoin has already shown everyone that it can give a solid percentage of profit on the passage of a long-term period

well, trading is indeed such a place. You can lose large amounts of money in unpredictable times. if that happens to me, maybe I have stopped trading. well that is quite a lot of money. then I might do other ways to make money, of course in a safe way.

[joromz1226]

Well, that's a huge amount dude. Do you know how much does it here in my country? In that amount you can buy brand new motorcycle here, now go back to your question, if you loss 2, 000$ while in the field of trading it means there's something wrong with tactics mate, you must change it, so it won't happen again to you or else you can lose again more than that amount pal.

[Cherylstar86]

It all depends on your ability to wait and your decision at what price to sell the purchased asset, because bitcoin has already shown everyone that it can give a solid percentage of profit on the passage of a long-term period

well, trading is indeed such a place. You can lose large amounts of money in unpredictable times. if that happens to me, maybe I have stopped trading. well that is quite a lot of money. then I might do other ways to make money, of course in a safe way.

 Being wise is precisely good and appropriable way to overcome loses, due of high market volatilization the value of some coins are fluctuating and it difinitely unpredictable. Tading is too risky to deal off and have to be aware about its consequences. And if I will experience massive loses, I should quit and find legible job that can provide my necessities

[Pom_bensin]

if I myself experience a loss of up to $ 2000 I will look for those mistakes by asking for help from professional traders, and I will vent myself to return to trading so that a loss of $ 2000 I can return to my wallet. I will not give up on that

[pundit]

Market teaches you something new everyday. If you have lost $2000 in trading, it must have bought you experience which will help you in becoming a successful trader. I lost many bucks in trading earlier, even in 2018 I lost around $8K when BTC crashed and luckily I purchased Pundix which almost recovered my loss, instead of selling PundiX there at that point I holded most of the coins resulting loss again. This is the rule of market sometimes you win sometimes you lose but how to cut your losses short and how to exit your profit trade that is an art which one can master from experience only. Basic trading principles are same, if you can trade stocks successfully, you will trade crypto with success as well.

[Fredomago]

Well, that's a huge amount dude. Do you know how much does it here in my country? In that amount you can buy brand new motorcycle here, now go back to your question, if you loss 2, 000$ while in the field of trading it means there's something wrong with tactics mate, you must change it, so it won't happen again to you or else you can lose again more than that amount pal.

Your fundamentals needs to be checked losing such amount is already annoying so better to check and balance your system if you are still willing to recover back, chances is there for traders who can adjust and accept failures retrying by using other forms of strategy and avoid making same mistake again.

[Moiyah]

Well, I appreciate all you have posted here. I usually experiencing that kind of entry. Good thing I have stop loss but at first I lose huge amount of money, yes I have already learn my lesson and I have identified which area is wrong. Is it my greediness? My lack of knowledge? We can surely hit the bottom if we identify the problem. But that makes me to improve my trading skills.

[Nellayar]

Well, I appreciate all you have posted here. I usually experiencing that kind of entry. Good thing I have stop loss but at first I lose huge amount of money, yes I have already learn my lesson and I have identified which area is wrong. Is it my greediness? My lack of knowledge? We can surely hit the bottom if we identify the problem. But that makes me to improve my trading skills.

All of the mistakes that we did can be changed. We can learn from our failures. But if we stop trading, we just saying to ourselves that we are loser. We just need to face the reality that we lose so that, we can make a better strategy.
Just like me, I am also a victim of greediness. I lose a lot back when I am starting to trade. But all of the struggles have been surpassed because my eagerness and determination wakes me to stand. So, now I learn a lot from trading.

[TobiasVR]

losing $ 2000 I think is very heavy. but I will still get up and learn from experience. I will still try again by learning errors, I am optimistic that I can restore my lost assets to 2x if I can be consistent.

[rizkyfebrian213xx]

It really real value of that loss just on trading ? Damn.. around 2000$ its not small amount , with it you can make a lot profit if invest on some altcoins.
Well.. When I know cryptocurrency , I'm infrequently doing trading on my assets because I aware of risk on trading. And yeah.. one of them is topic on post here , loss big amount of dollars on trading.
But let me tell you.. I feel like this before , but not from doing trading but from hold coins. I just late to sell that coins and yeah , last high price is around 10$ , and price now is just 1$. If I calculate , maybe loss profit around 1000$ because late on sell coins.

[Irvinn]

Apparently I got the wrong topic.  I make trades in trade that do not exceed $ 500.  It happened more in past years, but then there was less risk.  For me, the loss of 2000 is practically a collapse.

[Fivestar4everMVP]

For somone like me to lose 2000k dollars in a trade? I won't say it's not possible but it's very difficult, reasons being that I don't even have that much and secondly, it is only someone that doesn't know what risk management is that will lose that much in one single trade.

[Ucy]

Nice tips. Portfolio diversification does not work well these days unfortunately. Most cryptocurrencies crumble when a big dip happens

Hopefully in future we will start having a crypto world with  cryptocurrencies moving differently at their own pace.

[bettercrypto]

Nice tips. Portfolio diversification does not work well these days unfortunately. Most cryptocurrencies crumble when a big dip happens

Hopefully in future we will start having a crypto world with  cryptocurrencies moving differently at their own pace.

That is right! Most of altcoins are dumping recently. I think many investors turn their head in bitcoin and ethereum. The good thing on diversification of portfolio is to lessen the risk. And I think it should not be more than 3 coins because more than of it will make us cramming. Unless, if we are a long term pro hodler.

[jigzaheedcoin]

For somone like me to lose 2000k dollars in a trade? I won't say it's not possible but it's very difficult, reasons being that I don't even have that much and secondly, it is only someone that doesn't know what risk management is that will lose that much in one single trade.

If that could happen most of the time losing to that huge amount, maybe I change another strategy of buying an asset then trade long terms. There's should be change in order to sustain and recover that $2k loss.

[blackhawkeye1912]

Assuming you're doing cryprocurrency trading for quite some time now, also earning some profits in the past. Losing $2,000 recently, might be nothing compared to your total profits. $2,000 is something bearable. You can rest for now, then you go back to avenge the losses.

[tonyja2017]

After each failure, they all realized their mistake. I lost more than $ 3,000 in 2 months and I realized that I was and invested in very risky projects.
But never let failure make you falter. We have to stand up because bull run is still there. Don't repeat the mistake, fix it or find a new strategy to invest.
failure is just giving you a lot of experience to manage larger amounts in the future.

[anggi]

Assuming you're doing cryprocurrency trading for quite some time now, also earning some profits in the past. Losing $2,000 recently, might be nothing compared to your total profits. $2,000 is something bearable. You can rest for now, then you go back to avenge the losses.

for some people, $ 2000 is of course big money. loss is something that will continue to be considered. however, in the world of trading, I think that is normal. there is nothing we can do but look for other profits. every uasaha has risks. do not step in a business if we are unable to accept the risk. what you need to do now is to continue the business that you have, and not repeat the same mistakes where you lost $ 2000.

[traderethereum]

There is no other way we can do except keep trying to recover the losses by continue trading with the balance we have.
If you stop your trading or you give up, then you don't have a chance to recover the losses, and you cannot rise again even if you want.
You only have an opportunity to get back your money by keep trying and never stop for what you've done.
We are losing from a long time ago, but I am sure that now, we have time to recover and get the profit again.

[Btceengineer]

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.

https://i.imgur.com/5n8DTcP.png

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 learn the lesson this is not a problem dont repeat your mistakes learn from your mistakes everyone was a newbie even TOP treaders.