how to manage losses?

[irixo10]

It is not easy lossing money no matter small one might think it is, but however that's what we have to embrace first before Investing in crypto, that is learn the risks and learn how to live with it. Also, I think the best way to manage losses is by leaving the token in private wallet for long term while making peace with yourself, because one of the surprising thing is, most tokens which were abandoned turned around this year during the bull run, thus crypto surprises a lot, in the same way, if you think you can't afford to lose out entirely, you can dump at loss and move on.
Lastly, about diversifying, it is a very good approach to limit or reduce losses from altcoins however in as much as it can help to reduce losses it can also cause more losses, so the best way to make it work is by investing in good coins only, not hyped coins or pump and dump coins.

[1714643144]

1714643144

[1714643144]

1714643144

[1714643144]

1714643144

[1714643144]

1714643144

[1714643144]

1714643144

[BintangBuleun]

how do you manage stress if you loss biggest amount because the value of.your token.is hitting down ..? in your opinion how diversify your investment in other alts to cope up your losses?
thanks in.advance..

At the moment I also lost a lot of money, due to the high price correction. However I made short term trades to cover those losses. And this takes a long time to cover losses if crypto prices don't increase.

[Helpme_please]

how do you manage stress if you loss biggest amount because the value of.your token.is hitting down ..? in your opinion how diversify your investment in other alts to cope up your losses?
thanks in.advance..

At the moment I also lost a lot of money, due to the high price correction. However I made short term trades to cover those losses. And this takes a long time to cover losses if crypto prices don't increase.

doing both trades could be our strategy to maintain our balance amount, one account for long term investment and another account used for daily trade. Rare people doing this strategy , maybe most of them only focus on one part.

Yes, and because of that I myself very often place my trades in three different coins at the same time, because when one coin can't give me a good profit, then I can still make a profit on the other two coins even though it's not that big, meaning that it can help me to last a long time in trading

diversif assets will help us when market have  bad condition. Put all assets in single portofolio will be dangerous if we didnt ready to hold for long time when its value decrease alot.

[MiF]

Thats kinda hard to cover loss when we in market correction. If you bought top coins the best thing you can do to cover your loss i think just hold your coin and believe the price will rise again. But if you want to try your luck maybe you can buy meme coins in pancakeswap, if you're lucky you can get a ton of money from that.

I agree on that, the only way to cover loss is to hold, you will not going to loss if you hold and wait for the price to rise again and then sell. The problem there is how long can we hold or can we hold strong?, Sometimes the price drop or fall 50% from the purchase price we began to panic and decide to sell at loss and sad to say that it happens everytime before it happens to me and not only me i also believe that it also happens to others, because before we become an expert we begin as a newbie.for now my strategy to avoid panic selling or to avoid feeling bored I currently buy some active altcoins while waiting for Bitcoin to rise up high.

[irsada]

Everyone has their own way depending on their abilities and financial condition. If I feel that I have lost a lot of money in one of the projects and I don't believe in the project, I will leave even if it is a big loss. it is better to lose half than to lose all the money on the investment. as for the way to recover the losses i would be day trading on the big altcoins with the money i currently have.

[Xinarae*]

The longer you spend within the market to manage losses the higher your trading skills are going to be. New traders as they need tons to find out marketing research chart analysis trading courses etc and thus it's mandatory to offer them longer within the market but those that have already got an honest knowledge of this information don't need to spend such a lot time. So if you would like to enhance your trading skills plow ahead with the plan.

[Mahanton]

indeed managing losses is a difficult thing not as easy as what other people say, but my advice is only invest what you can afford to lose, besides that you can also make a stop loss order on the exchange you use

Stop loss is just relevant for active traders but not for long term ones because you would be actively dealing with volatility which its just relevant that you would make use of SL's but for other type of investor which is just simply holding then its not really necessary. Manage losses is something that is hard to do because you would really be minding on how to recover those losses gradually and dont be on a rush because
this would result into losses or mistakes even more or would make out the situation becomes worst if you dont know on what you are doing.

[Shasha80]

indeed managing losses is a difficult thing not as easy as what other people say, but my advice is only invest what you can afford to lose, besides that you can also make a stop loss order on the exchange you use

Stop loss is just relevant for active traders but not for long term ones because you would be actively dealing with volatility which its just relevant that you would make use of SL's but for other type of investor which is just simply holding then its not really necessary. Manage losses is something that is hard to do because you would really be minding on how to recover those losses gradually and dont be on a rush because
this would result into losses or mistakes even more or would make out the situation becomes worst if you dont know on what you are doing.

Stop Loss is something that need to be done on Futures trading, but on Spot if you hold it on the great project, keep doing Stop Loss only hurt you trading fees, imo just hold it for longer period then it could have profit in the return.

Not all trades we make must use the stop-loss feature, if we decide to trade long term, no need to use the stop-loss feature. We only need to
choose potential coins to buy, after that holding until it reaches the target we want. But it can go well, if we use money that we can afford to lose
and can be patient waiting for the target to be reached. So when the coins we buy fall, we don't need to panic and sell the coins we have.
Because as long as the coins we have are not sold, we have nothing to lose, even if the price of the coins drops. Wait patiently for the coins to
rise again, if we choose the right coins there is no need to be afraid. Because the potential coins will definitely rise,  even though they have fallen
quite deep.

[Ayiranorea]

Users have discussed about the different options and features available on the exchanges that can be used to lower the loss. Rather than the scripts thinking, human beings were able to think good. Upon this it is good to take immediate decisions or have alternate plans prepared to overcome losses. If you've bought a token for $10 and you find the trend change causing the price crackdown to $6 gradually. Here what'll you do to overcome the loss, just gold or sell when it is on the declining path and buy at the bottom to cover the losses.

[Handsome Boy]

it's best to manage stress - it's not to have it, I mean that when you make an investment you have to be prepared for the fact that it will turn into zero.

I agree with you, that's why I always advise my friends not to invest in cryptocurrency with main money, because the risk is very big, so it's better to invest using money that is indeed for investment, so you will definitely be prepared for the risk you take, because investing in cryptocurrency has a big risk, so you definitely won't be stressed when cryptocurrency that you invest goes down, because you already know the risk you have from investing in cryptocurrency.

[Lexurdania]

always use the principle of "never invest what you can't afford to lose" in any investment, especially crypto, but I myself always put stop losses on the exchange that I use, so the losses I experience are not too much

that's good quote for all traders no matter beginer or experienced traders. Most of us slowly forget this word and never care about their money that used for invesment . we have various money management to make us surive in crypto market , and stop loss could be one of them.

Stop Loss is something that need to be done on Futures trading, but on Spot if you hold it on the great project, keep doing Stop Loss only hurt you trading fees, imo just hold it for longer period then it could have profit in the return.

stop loss not suitable applied in spot market , in this case usually we have long term purpose. it applied in future trades and save our money when make mistakes in trades.

[magnum1010]

how do you manage stress if you loss biggest amount because the value of.your token.is hitting down ..? in your opinion how diversify your investment in other alts to cope up your losses?
thanks in.advance..

Being a long-term investor, I don’t care about short fluctuations, so I don’t worry when I see how my tokens are dropping, I just wait when it will be a drawdown and then I buy more.
What comes to diversification, I don’t think that it is possible to completely protect yourself from losses as all altcoins follow Bitcoin’s trend, nevertheless, it is a good strategy to follow trends as in hype things it is possible to earn even in bear market.

[BaeSuzy]

In my opinion i think this is the best thing i can do when i'm in losses. Try and put in a certain amount monthly or even weekly because crypto is more volatile. I am not experienced at all but this works better than dumping a full amount into the market at once. You'll buy some peaks but mostly dollar cost average and that's important!

[Cherylstar86]

In my opinion i think this is the best thing i can do when i'm in losses. Try and put in a certain amount monthly or even weekly because crypto is more volatile. I am not experienced at all but this works better than dumping a full amount into the market at once. You'll buy some peaks but mostly dollar cost average and that's important!

Indeed. You can also use stop loss order to avoid such losing huge amount of money. I will also suggest to control your emotions in every transaction for you to be able to think properly and for you to do the right decision for your coins. Try to also relax and don't get too nervous. Only trade the money that you afford to loss and also start with a small capital for you to have an experience about it. Those experiences will help you learn and you can make your mistakes as an inspiration for you earn good profit.

[Orange89]

The only way is to manage loss is to LEARN FROM YOUR MISTAKE time will teaches you everything i still remember my first time when i am doing scalping trading and i got huge loss then i learn and put stop loss on all my trade instead of choosing cross i shifted to Isolated and it also help me Never Follow anyone Blindly can also save you from big loss and don't get to emotional to get in trap of scam i am sure with time you will learn all these things like me

That's some point that help in manage my loss Thanks a lot