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Author Topic: What you should do when you lose most of money?  (Read 5550 times)
drachman
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June 18, 2018, 09:18:26 PM
 #261

I think trading isnt good idea right now... The market is too volatile. For these type of people I can offer invest in perspective ICO projects. What do you think about Kelvin Blockchain?
If you think trading is not such a good idea right now what makes you think investing in an ico is any better, lets be very direct, many icos are having problems reaching their soft caps because no one is interested in investing in new coins when even established coins are dropping like crazy, so the only hope I can see to make money and minimize our risks is to trade bitcoin.
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June 18, 2018, 10:59:43 PM
 #262

Controlling our emotions is crucial in trading.  We have to be prepared for worst case scenario as  losing money is  part of the business .
We cannot win all the time but cannot lose that much we cannot recover and  learn even more from our mistakes and turn it to our benefit if we analyse them and make corrections.
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June 19, 2018, 10:47:00 AM
 #263

if we make the wrong decision and lose money then we must remain calm and can learn from experience so that will not repeat the same mistakes, we need only patience and you should be able to control your emotions

Don't take actions that are influenced by emotions and be patient. DYOR and everything should be fine. Even if you lose some money don't despair, just move on. I tell myself that every day.  Grin

I agree with the steps discussed in your post as all of them will lead to making no mistakes in the future. I am lucky as I have never faced such problems yet and hope that I won't have them in the future as well

I hope it stays that way for you buddy.

True. You should think over all of the mistakes that you have done not to repeat them in future. I do not think that some panic can help you - it will make the situation even worse. With time, you can return to trading.
tuljan
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June 19, 2018, 05:08:35 PM
 #264

True. You should think over all of the mistakes that you have done not to repeat them in future. I do not think that some panic can help you - it will make the situation even worse. With time, you can return to trading.

I've been there and lost a sizeable chunk of my money but learned from my mistakes. You should always go forward and be better. I'm not that experienced but I try to do the best research that I can before investing.
Omega Weapon
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June 19, 2018, 07:36:58 PM
 #265

Hello guys, there are always financial losses in the field of trading and this is a normal thing, but unfortunately there is a  category of traders does not accept these losses.  Plus, the not acceptance of the truth may affect them negatively like, psychological problems, stress .. and even on the next choices in trading, but this leads to a multiple and consecutive losses.

In fact,  the first and most essential thing to surpass the loss is "The acceptance of the truth"  and then you have to  " deal with it " in a good way.

Trust me, if you learn from your mistakes, then you will earn what you want.

I learned something very useful and I want to share it with all.

These are the 5 steps to make a financial profit (especially after a big loss) and even achieve your goal, they will be as the following ( like a plan)  :

Step 1 : What do I want to achieve? (Vision)
For example:
I want to earn 2 BTC within a year.
 
Step 2 : What is their  importance to me? ( Value )
For example: It is important to me because I am poor and I want to help my family in many things.

Step 3: How will I achieve it? ( Methods )
For example: I must have many strategies in each event ( crisis, pump )
..
..
Step 4 : What prevents me from achieving it? (Obstacles)
For example: time,  unexpected event, the fear , weak of self confidence...

Step 5 : How do I know that I  have achieved the success? (Measurement)
For example: ..
..

When I see 2 BTC in my wallet before one year.

 
Good luck to everyone . Smiley
 

Not bad, but that is something everyone should be doing it already, anyone trading bitcoin or any other cryptocurrency that has not a clear plan on how to get profits and why he is in this market is going to lose money, for example I'm still holding y coins because I have a set goal of what I want to achieve with my bitcoin and I'm not going to sell until that happens, this is why the crash that we saw a few months ago did not affected me.
websoftwareengineer
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June 19, 2018, 07:41:15 PM
 #266

I will make a record of all my mistakes that make me very loss and as much as possible I do not repeat the same mistake. before I will do when I lose enough money then I will reflect and will correct myself

Yes you are right, do not do the same thing again, your experience is the best way to learn how to trade in the market in the right way and that is the reason today why most of the traders are losing a huge amount of profit, because they are not very knowledgeable about how the market works.

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sisjow
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June 19, 2018, 07:41:26 PM
 #267

Hello guys, there are always financial losses in the field of trading and this is a normal thing, but unfortunately there is a  category of traders does not accept these losses.  Plus, the not acceptance of the truth may affect them negatively like, psychological problems, stress .. and even on the next choices in trading, but this leads to a multiple and consecutive losses.

In fact,  the first and most essential thing to surpass the loss is "The acceptance of the truth"  and then you have to  " deal with it " in a good way.

Trust me, if you learn from your mistakes, then you will earn what you want.

I learned something very useful and I want to share it with all.

These are the 5 steps to make a financial profit (especially after a big loss) and even achieve your goal, they will be as the following ( like a plan)  :

Step 1 : What do I want to achieve? (Vision)
For example:
I want to earn 2 BTC within a year.
 
Step 2 : What is their  importance to me? ( Value )
For example: It is important to me because I am poor and I want to help my family in many things.

Step 3: How will I achieve it? ( Methods )
For example: I must have many strategies in each event ( crisis, pump )
..
..
Step 4 : What prevents me from achieving it? (Obstacles)
For example: time,  unexpected event, the fear , weak of self confidence...

Step 5 : How do I know that I  have achieved the success? (Measurement)
For example: ..
..

When I see 2 BTC in my wallet before one year.

 
Good luck to everyone . Smiley
 


lose is part of successful trading in the future, many successful traders have a loss when the first time they start a trade. Many people did not know that for you to succeed you must taking a very serious risk and risk is a two way things and that is you either succeed or you fall.
coinhunt
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June 22, 2018, 04:34:00 PM
 #268

The point is not accepting the loss but understanding where you screwed and what to do to avoid that in the future. A while ago I’ve read in some book about so-called 'life lesson'. If you didn't learn the lesson, this exact situation will repeat over and over again until it’ll be learned.
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June 22, 2018, 10:55:51 PM
 #269

I understand your psychology now, but do not worry too much, the market is down sharply, you just expect a bright market at the end of this year, the price of coins will rise again, you Do not rush to sell your coin to the market.
KryptoKai
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June 22, 2018, 11:12:25 PM
 #270

It is always good to set your targets to be higher than you need. If the desire is to get 2 bitcoins per year then aim for 3 and be happy when you get 2.1 BTC. The real challenge of course is how to get 2.1 bitcoins without throwing all your hard earned cash into coinbase

kwarto
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June 23, 2018, 01:30:14 AM
 #271

I'm not worried when money loses! as long as the coin is not converted to fiat it will not be a real loss. I just continue to hold because I'm a long term trader and I set target price to earn big on my investment.
iMark
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June 23, 2018, 02:01:33 AM
 #272

Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it.
you are right, even expert traders though must have experienced a loss, the risk must have happened to anyone, so do not despair
when you lose, good traders know how to overcome it, of course remain calm and not panic, learn from mistakes, use it for your experience dude
drachman
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June 23, 2018, 07:09:12 AM
Last edit: June 26, 2018, 05:47:29 AM by drachman
 #273

Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it.
you are right, even expert traders though must have experienced a loss, the risk must have happened to anyone, so do not despair
when you lose, good traders know how to overcome it, of course remain calm and not panic, learn from mistakes, use it for your experience dude
One of the things many people do not quite understand is that experts never finish their training and learning, they are always looking for more efficient ways to do their activities, so an expert trader will try to learn as much as possible from his losses to the point it becomes an obsession for him and I cannot blame them if I knew how to earn a fortune with trading I will be obsessed with bitcoin trading as well.
TGD
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June 23, 2018, 09:07:42 AM
 #274

Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it.
you are right, even expert traders though must have experienced a loss, the risk must have happened to anyone, so do not despair
when you lose, good traders know how to overcome it, of course remain calm and not panic, learn from mistakes, use it for your experience dude
One of the things many people do not quite understand is that experts never finish their training and learning, they are always looking for more efficient ways to do their activities, so an expert trader will try to learn as much as possible from his losses to the point it becomes an obsession for him and I cannot blame them if I knew how to earn a fortune with trading I will be obsessed with it.
well some people tend to depends on the fortune but we cant always depends all of it by fortune making a way where we can make to recover some losses then we should be able to do it with.

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June 23, 2018, 09:25:31 AM
 #275

Making it impossible to "lose most of the money" just simply invest MAX 5-10% of the portfolio in ICOs, some will definitely go up if DYOR is done.
Maybe he's losing so much and now he's scared, but his opinions can help him be more confident and will make enough money back. I trust you. Wish you and everyone soon succeed.

bitcoinking11
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June 23, 2018, 10:14:34 AM
 #276

It is very difficult to digest the big loss, but you have got other option available for you here. Just concentrate on participating bounties. If you can do video, article and blog bounties then you can earn a lot, which would help you to recover your loss.
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June 25, 2018, 07:52:38 AM
 #277

Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it.
you are right, even expert traders though must have experienced a loss, the risk must have happened to anyone, so do not despair
when you lose, good traders know how to overcome it, of course remain calm and not panic, learn from mistakes, use it for your experience dude
One of the things many people do not quite understand is that experts never finish their training and learning, they are always looking for more efficient ways to do their activities, so an expert trader will try to learn as much as possible from his losses to the point it becomes an obsession for him and I cannot blame them if I knew how to earn a fortune with trading I will be obsessed with it.
As a result of my bad decisions I will must facing with unfavorable situations and this is due to the little knowledge I have of the market. Now it is of no use crying over spilt milk because it can not be backed up and is not a backing up process. Now try to work on your bad strategies to correct those strategies and should apply in its favorable situations which will be in benefit.
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June 25, 2018, 08:49:32 AM
 #278

I will resolve to invest again and see that failure is a lesson learned in the market, and that has made me more successful in this market, it is thanks to the will to resilient any submission. what.
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June 25, 2018, 09:42:33 AM
 #279

Simple, don't do the same mistake. Why others keep on lossing because they always do the same mistake even if they know it's a wrong move because they have done it before, like panic selling, buying shitcoin, etc. Still they are keep on doing it. Be patient and wise in every decision. Make your mistake as a lesson.

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June 25, 2018, 11:46:28 AM
 #280

Losses is always part of trading. There are really times that our investments goes down and being a long term investor i’m already used to it and every losses i encounter i do charge it to experience and i do not let myself be affected that much because i do know that our investments will recover we have to wait patiently.

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