I lost 10000$ in trading, what should I do?

[Hemady17]

Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?

It’s a good strategy to turn your attention on bounty programs. If trading is not applicable in your life style then you consider bounties. But same as in trading, you need patience and knowledge in bounty. If you are lucky enough bounty is a good source of income. Then if you decided to go back in trading, you need to do your assignment. Study the mechanics of trading using TA and FA.

[Wipangga]

I think if you really want to get krypto, I think you should really understand about krypto, so you will not lose anything from krypto, because with trade you have to be patient and careful. so you will get many good benefits.

[Lagrood]

You should not regret because every professional trader lost its money while trading so you need to accept this losses and to consider that you paid for the learning. Anyway you have got an excellent experience which will be helpful for further trading.
I would you recommend to pay attention on a risk which you take. There are investors which lose and win daily much more I mean everybody has its own risk level so you need to have your own as well.

[Clemcout]

If you just jump in to trading, its never use margin because margin trading only for experience trader, volatilitas of crypto so high and you will loss in big money when wrong prediction, and by use margin the lose will be bigger. Now you can join bounty program and also learn more about your trading mistake and make new trading plan.

I think profit and loss are the parts of business and cryptocurrency is not only usable coins but also a good coin business. You should be patient about crypto and should bear the loss. These two things are mandatory in crypto world, patience and courage to bear the loss. Don’t be panic and wait for more time because many other people also lost their money in trading.

[concept2]

That's a huge loss and same thing has also happened with me where I lost most of my invest but I did not give up started from basic again and work hard and start with small investment again and slowly I grow up my portfolio again and now I have recovered my that loss also and now I am in profit.

Nice to hear your story. It is true that one can recover their loss in trading. However, you need a lot of things to do in order to improve yourself before trading again. Without knowledge and experience, you can only lose more money with crypto

[EuphorichamsTer]

I agree with most other suggestions here. You should STOP and re-think your strategy since you are clearly not yet skilled to trade in that magnitude. Yes it's harsh, but we need to face reality and learn from our mistakes to grow.

[777Jolami]

Buying bitcoins at $17,000 is unlucky. it was profitable for a short time as it actually went up above $19k but you had to sell quickly in order to profit from it. Now it will take a while to get back to the all time high but do not worry, it will get there eventually and far beyond that

Many people are too greedy and expect a very high price, when the price has risen, they continue to hope for more, but unfortunately only one night they suddenly drop down very quickly, they I did not get my hands on and lost. So the Crypto market we should set a clearer goal. So you will succeed and reduce the risk of losing money.

[btccoffee]

That was a huge amount of money even you take it from free its still regretible if you i am on behaft of you in that way. Why did you do trade in margin trading with a huge capital and margen trading is so risky specialy you are a newbie. You should study first before you invest in any kind of investments because if still continue like that you always lose your money.

[tanghere02]

Since you are on loss all you have to do is just hold your coin and wait until it reaches back to at least $20k back and you’ve mentioned about earning cryptocurrencies, well there are a lot of options you can find in this forum. Just be resourceful and do some research and you’ll be able to find ways on how to earn them.

[wiro212]

wow, that's a lot for me. in trading requires patience and also understand the movement of the market. we can not trade if we rely on emotional. but if you want to make money through bounty, that's good and also I suggest if you have a lot of money, you can follow ICO to invest in it or also you can buy bitcoin or ethereum then you just need to hold for a long time. I think that way will make you not lose much money. Goodluck bro!

[Sweetyeds84]

Margin trading is so risky and you may all lose your money if you are not lucky enough to win the bet. Just like a gamble margin trading need luck and not skills but if you have luck then you earn a huge amount of money.

[crypto1nvest]

If you want to start in bounty your need looking information in this thread https://bitcointalk.org/index.php?board=238.0.
How profitable is it?  I think everything that you do need some knowledge in order to succeed. I think trading will be more profitable than bounty.

[icecream sandwich]

Even if the money was for free it doesn't means that you should be ok with losing it, as that was your money and you could have saved it or invested in a coin and hodled it. Trading isn't for everyone and trading in a volatile market like crypto market isn't very easy and very few people are able to turn a profit from trading.

It is not okay to lose a lot of money but still it is not okay to be sad and be nothing if you lose that I suggest that you must take that as a lesson for you to not do the same mistakes again. If you have ever encountered that lose do not lose hope already and do not get angry also. Just be patient and pisitive thinker and do some ways to recover them back but if there is nothing that we can do. Just always think that ypu can gain that money again and never take that thing into negative because you will lose focus

[masterkrypto]

... no worrys mate. I lost 200k USD a few weeks ago, that's crypto 😉
If you are clever, see it like this:

You just had a 10k lesson in trading !!!

Sure you have learned from that, so just don't give up and do it better.

PS: ...maybe try a lesson for 1k as a start 😎

Great positive thinking!

[Keyboard PC]

if you lose that much capital better you can absorb and self-correct what mistakes you make and when trading again I hope you do not repeat the same mistakes and never affected by news or news that can make you panic that makes you lose so much . patience is the key to success you desperately need.

[AakZaki]

Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?

make this as experience, because it becomes a trader is not easy it all needs to learn especially in the trading system margin is more difficult than ordinary trading, one of which if the margin must have the resilience of capital.

Maybe now my advice follow bounty while still producing.

[onrise]

I think if you really want to get krypto, I think you should really understand about krypto, so you will not lose anything from krypto, because with trade you have to be patient and careful. so you will get many good benefits.

Even after the person losing so much is not able to understand that trading is not thus cup of tea. Either he should completely quit trading or get to learn more about it by doing some course and understanding how it works might only help him else again he will lose the money in trading.

[lordmick]

First of all, take a rest for some time. Then learn basics of trading, technical and fundamental analysis. So start trading again with small amount of money. Always set stop loss to all your operations. And soon you will start slovely recover your lose.

[AakZaki]

First of all, take a rest for some time. Then learn basics of trading, technical and fundamental analysis. So start trading again with small amount of money. Always set stop loss to all your operations. And soon you will start slovely recover your lose.

strongly agree with your opinion, because in trading there should be no word of revenge. it is highly recommended for traders who suffered a loss to take a break for the sake of reducing emotions in trading.

[bitcoinveda]

First of all, take a rest for some time. Then learn basics of trading, technical and fundamental analysis. So start trading again with small amount of money. Always set stop loss to all your operations. And soon you will start slovely recover your lose.

strongly agree with your opinion, because in trading there should be no word of revenge. it is highly recommended for traders who suffered a loss to take a break for the sake of reducing emotions in trading.

Yes, agree with you because we have to be very patient in the present situation of the market. If you are still holding the coins better hold it for some more time in order to recover funds. In crypto market we need lot of patience.