Keep your loss at an acceptable level

[Jannyh]

Traders do not have the capabilities to control any market after doing their technical analysis and entering a trade but some times along the line a fundamental analysis could alter the direction of the trade at such instance the trader has to accept the loss that is why there is stop loss, always use stop loss because an unforseen circumstance could cause a loss.

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[criket]

Once you can control the emotions in this market, I believe you have become a professional trader and can make huge profits from it. Most people in this market lose money because they cannot control their emotions, always panic when prices fall or fomo when prices rise.

at the beginning of the trade and investment that I did, I also felt the same problem. easy to panic and always impatient. after a few investments and trading that I did, I just realized that it messed up the plan that I had made well.

[memed97]

This is a good insight, and one reason why every trader must first learn to understand the market language, understand if the market is showing bears or bulls. It should be the first step before you start analysis for gains. Always dyor. and remember to use stop loss too.

Yes, sometimes traders who are new to crypto forget to use the stop loss feature, which feature is very useful to protect a trader from loss, because market conditions that often change within minutes make someone have to use it.

[FanEagle]

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Yes you’re hundred percent right about this, there is nothing wrong here. Some people I see don’t want to accept that there are risks involved in trading cryptocurrency or any other assets. They just say it like there are no risks at all, and they are only talking about making profit and allowing their greed to take over the decisions they make, which is totally wrong. They are forgetting that if you’re not careful in this market you’re going to lose your money. And the ones that annoy me the most are the ones that will lose money and they come back to say that it’s a scam lol.

[Lorokan]

Once you can control the emotions in this market, I believe you have become a professional trader and can make huge profits from it. Most people in this market lose money because they cannot control their emotions, always panic when prices fall or fomo when prices rise.

at the beginning of the trade and investment that I did, I also felt the same problem. easy to panic and always impatient. after a few investments and trading that I did, I just realized that it messed up the plan that I had made well.

A good way to not mess up your trade is to use OCO (Stoploss) functions on the exchange; after you have purchased and made your investment; you can set up the oco to limit your losses options, so that instead of missing out entirely on your capital, you atleast have little losses and can move on to other trades . ALSO, you cannot panic while trading crypto currency token. so work on your emotions and trading psychology.

[zaim7413]

A good way to not mess up your trade is to use OCO (Stoploss) functions on the exchange; after you have purchased and made your investment; you can set up the oco to limit your losses options, so that instead of missing out entirely on your capital, you atleast have little losses and can move on to other trades . ALSO, you cannot panic while trading crypto currency token. so work on your emotions and trading psychology.

Even though I already know about the existence of OCO (Stoploss) on several exchanges, the solution you provide is clearly very good for everyone who trades using emotion, especially for beginner traders who have just jumped into several crypto exchanges.

[fishbonez11]

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Losing is part of the trading, price doesn't usually pump, it sometimes goes down. But according to studies, those who hold long term gets higher chance of gaining profit. Short trader usually losses big amount. It takes loses to familiarize the trend of crypto. Even those who are well experience still loses profit. When doing trading, be ready to lose and only trade what you can afford to lose.

[Rexler]

I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.

Always accept the market as it is without blaming any factors.
Always dyor too

Win or lose is how trading works, you can't always expect all your trades to always be profitable there will always be days where you will lose hugely and you will feel like quitting, but having a loss one day doesn't really matter you can lost 10 trades but just 4 trades you get right will definitely make you recover the money you lost in those 10 trades and will even give you some nice profits on top of that, so whenever you have a bad day don't sweat over it, it just how the market works.

[goddess116]

professional traders never think about what kind of market is right now. they simply follow technical analysis and they are constantly looking for entry points to different tools. the trader always earns.

I think that is impossible professional traders always earn, even if they are professional, they will make mistakes someday, because they are human, not robot. But i think the great thing about them is that even though they make mistakes, they can quickly adjust to complete the counterattack.

[husdemba]

I think the secret to success in trading is not to emotionally bond with investment tools. When investing in something, we have to set goals. If we don't sell when the time comes, the value of that thing will definitely decrease 

[Review Master]

I think the secret to success in trading is not to emotionally bond with investment tools. When investing in something, we have to set goals. If we don't sell when the time comes, the value of that thing will definitely decrease 

That's the main point where most of us don't maintain our portfolio. Basically, we should not wait for more profits whenever it's on top price and we can secure our main capitals. To be honest, it's just a simple thing that we can profit out our initial funds and then we can wait for more pump as it won't affect on our porftfolio.

[soetikno]

investing in crypto must be ready to accept losses and profits, if only you get profit, loss is also part of the risk, ready to invest and trade and be ready to accept risks, long term and using free money is the best thing to invest and look for coins that top

[viananda2525]

investing in crypto must be ready to accept losses and profits, if only you get profit, loss is also part of the risk, ready to invest and trade and be ready to accept risks, long term and using free money is the best thing to invest and look for coins that top

profit and loss were unseparate part in our trading  , we must understand and able to manage risk that may occur in our trading journey. capability in risk managing will save us from margin call an big mistake that may make our money totally loss.

I think the secret to success in trading is not to emotionally bond with investment tools. When investing in something, we have to set goals. If we don't sell when the time comes, the value of that thing will definitely decrease 

trading plan will be solution for it ,it will help us alot to defince when we enter to market and quit for liquidate profit or cut loss.

[Benefactor]

I generally state that the best benefit is cash that goes pocket. Consequently, the initial step should be to decide the cash to be lost and afterward the objective to be procured should be resolved. I fix misfortune, we should follow the motivation behind why it occurred to stay away from a similar misstep once more.

[josgandosbro]

Yes you’re hundred percent right about this, there is nothing wrong here. Some people I see don’t want to accept that there are risks involved in trading cryptocurrency or any other assets. They just say it like there are no risks at all, and they are only talking about making profit and allowing their greed to take over the decisions they make, which is totally wrong. They are forgetting that if you’re not careful in this market you’re going to lose your money. And the ones that annoy me the most are the ones that will lose money and they come back to say that it’s a scam lol.

It is natural to say that because they have lost a lot of money there, they are frustrated and do not know how to recover those losses. greed that sometimes makes people forget the risks that must be faced

[Btra]

The loss is very evident and a must for the trader but in crypto trading, you couldn't minimize or control while you go into the dip. Basically, if you are trading the top 20 or top 50 cryptos maybe you will get your previous price at which you had bought but for the crypto which is new and uncertain you never get back even your purchased price. So, be cautious while you are in crypto trading otherwise you will get into a severe loss.

[Natsuu]

It is natural to say that because they have lost a lot of money there, they are frustrated and do not know how to recover those losses. greed that sometimes makes people forget the risks that must be faced

Yes, and that clearly can be a very valuable lesson in their life, because it is very difficult to suggest a greedy person, so one solution is after they have suffered a big loss so that it can make them quickly aware of the actions they have done before.

Indeed, greed is something we want to just disappear from ourselves, but it just like something that is partly impossible as it was part of our individuality. To be able to control greed will be the best feeling. Discipline As I suggest in many other threads. Discipline in trading will keep us on the right track, and avoid ourselves from unnecessary emotion such as anger or guilt.

[Yudhisthir]

Actually limiting my loss made me lose more in last 2 months. It don't mean that limiting your loss is a bad idea. My limit was just smaller. If you want to succeed with your long term crypto trading, place a larger limits. My limit of 17.5K (for bitcoin) were triggered twice last month while the price was mostly around 19K and after it sold all my coins at loss, the price is now hovering around 23K.

[Koutami]

The loss is very evident and a must for the trader but in crypto trading, you couldn't minimize or control while you go into the dip. Basically, if you are trading the top 20 or top 50 cryptos maybe you will get your previous price at which you had bought but for the crypto which is new and uncertain you never get back even your purchased price. So, be cautious while you are in crypto trading otherwise you will get into a severe loss.

Im confuse about your word that "loss is a must for the trader", isnt profit is a must for a trader, why become loss is a must? If u mean loss sometimes cant avoided, then i agree with u

[rat03gopoh]

To be honest I don't really agree with the op about forgetting the factors that cause losses. There are several factors that are often the main problem with a trader's big loss, namely wrong decisions such as trading with shitcoin.

No matter what some people will keep holding, even I have found myself in similar situations many time where the hopes remain high and one just tries to absorb the stress of loss but at the same time hopes the price will recover sooner or later, this do work sometime but mostly I have seen that new coins are not guaranteed to recover fully.

This is how important it is to study the price history of an altcoin. Most of the new coins were initially pumped up to increase their popularity, while the background of the project itself was not very strong which made it unfit for high prices in the long run.