Having loss is part of experience as a Trader

[NavI_027]

[snip]

I'm pretty sure you've lost countless times before, but you didn't really take that into heart and suffer from it no?

You know what, you're right! I already lose a lot of money on simple hodling and I somehow become immune of it. So why I get scared of daytrading? Thanks for the relief dude . Maybe what i'll do when I start is to place an amount close minimum deposit and play it for a month. If I lose then it's fine because it won't hurt my pocket but if it made profit then I double it up on the next deposit. Is that a right move, what do you think?

Also, if you don't mind, may I know what indicator you are using? Because I'm planning to use StockRSI.

[Dragonfund]

........

No, this isn't a good trader.

How can you perform to learn your mistakes if you already exited on the game of trading and take your profit?
The best thing to do is learn your mistake and yes, a loss is a part of the experience that you should learn after you will be experienced it. If you have idea how to gamble, I think that was the trading looks like. But the difference is trading isn't based on pure luck, 75% skills and the rest is luck. You should have your own research to increase a chance to get profit.

Your mistakes are ought to be minimal else you may end up with zero or total loss of fund. We all have different stop loss Strategies. I may want to loose $10 and you may want to loose $100.

[GeorgeJohn]

Then dont trade if you dont want to loss. Thats a part of the life of traders sometimes good and sometimes not. But in every loss they will learn from what mistakes they did during trading.

Trading is a something that come with grace,because the advantages in trading and the disadvantages is equavelent or the same,you might trade today with $1000 and make unexpected profit like $4000, which is the advantages of market,then tomorrow you trade with the profit generated everything wipe away which come to the result of disadvantages.

[Alucard1]

Losing your money in trade is really normal, before you enter the trading platform, you should know that there is a high possibility that you may lose your money. There is no way for you to assure your winning in trading, that is why most of the advise that you can read in the internet, saying that you should limit your money in trading and always accept the possibility of losing your money.

From: https://news.bitcoin.com/win-or-lose-these-crypto-whales-share-their-trades/
For crypto whales, throwing around life-changing amounts of money like it’s pocket change is the norm. It’s not that they don’t ever sustain big losses; it’s that they don’t sweat the odd failure and soldier on with nary a complaint.

Youtube: https://youtu.be/OuD28KfIlEo
This is why 90% of traders and investors lose their money.

[cheezcarls]

No matter if you are new, average Joe or an expert in cryptocurrency trading, nothing is guaranteed and very risky as well. Always put in your mind that you will lose most of the time in trading. Anything could happen in the market witout warning. Even technical or trading analysts cannot guarantee that their predictions are correct, due to the high volatility of Bitcoin and other cryptocurrencies in the market.

There are times that even if they’re so knowledgeable in analyzing candlesticks, chart patterns, etc., their predictions are incorrect due to the unexpected happenings in the crypto space (especially scammers who dump their coins or tokens when the time is right).

I have to be honest with you guys. I also lost a lot in trading. Because no matter what my decision is, risks are always there and no guarantees that we would win. What we should have in ourselves is managing our financial risks and always prepare mentally and emotionally when worse things happen. And of course, just don’t put all eggs in a single basket. Always diversify so that you’ll not get disappointed if one or a few would go down in value.

[Kong Hey Pakboy]

No matter if you are new, average Joe or an expert in cryptocurrency trading, nothing is guaranteed and very risky as well. Always put in your mind that you will lose most of the time in trading. Anything could happen in the market witout warning. Even technical or trading analysts cannot guarantee that their predictions are correct, due to the high volatility of Bitcoin and other cryptocurrencies in the market.

There are times that even if they’re so knowledgeable in analyzing candlesticks, chart patterns, etc., their predictions are incorrect due to the unexpected happenings in the crypto space (especially scammers who dump their coins or tokens when the time is right).

I have to be honest with you guys. I also lost a lot in trading. Because no matter what my decision is, risks are always there and no guarantees that we would win. What we should have in ourselves is managing our financial risks and always prepare mentally and emotionally when worse things happen. And of course, just don’t put all eggs in a single basket. Always diversify so that you’ll not get disappointed if one or a few would go down in value.

Indeed. Trading is a risk that whether you are a newbie, a veteran or a professional trader, you will always experience losses in trading because the market doesn't depend on you. Even you are analyzing the market charts or making predictions, don't expect too much that it could be correct due to the volatility of the crypto market, that is why trading can also relate to gambling because it is also about luck and chances.

[Febo]

Having loss is part of experience as a Trader

Having loss is also a part of realising that day trade so volatile asset like Bitcoin or even worse the alt coins is very dumb. Specially considering that Bitcoin had huge growth in last 10 years and will have in the future. Decision to become hodler is most wise result from experience of having loss as a trader.

If you are a gambler rather go gamble in a casino. You will also get a complimentary drink there.

[Latviand]

Like what most of the people say in trading, it is not effective if you don't experience mistakes.

You're probably not growing in your trading journey if you're just sitting there and not exploring the market and the platform that you are using.

Losses are part of a gambling journey that you are pursuing so as soon as possible make the best out of it. Learn from your mistakes and never do it again, because it might affect your assets to lose a lot of money again and again. Proper manipulation and control is always essential as a trader.

[Smartvirus]

Trading profits the experienced but then, how experience can you be without trying?
The thing is, you've just got to trade first hand but, that's after studying how to in the first place. Your gonna meet missed opportunities and experience some lose but, it's part of the process.

[Dragonfund]

I have to be honest with you guys. I also lost a lot in trading. Because no matter what my decision is, risks are always there and no guarantees that we would win. What we should have in ourselves is managing our financial risks and always prepare mentally and emotionally when worse things happen. And of course, just don’t put all eggs in a single basket. Always diversify so that you’ll not get disappointed if one or a few would go down in value.

You seems to deeply understand everything I said. The mentality of accepting loss is always difficult at the earliest stage but with time and practice, you outgrown them.
It's even recommended for beginners to start from paper trading which is available on trading view, these are test fund one can use for practice since btc and other Alts can found on trading view. This prepare you for the battle and journey ahead.

[virasog]

Then dont trade if you dont want to loss. Thats a part of the life of traders sometimes good and sometimes not. But in every loss they will learn from what mistakes they did during trading.

Trading is a something that come with grace,because the advantages in trading and the disadvantages is equavelent or the same,you might trade today with $1000 and make unexpected profit like $4000, which is the advantages of market,then tomorrow you trade with the profit generated everything wipe away which come to the result of disadvantages.

Trading is not uncertain as you have mentioned. Experienced trader will not lose all of their money at once because they will use stop loss and trade sensibly. Only a non experienced trader will lose all their money.

[nakamura12]

Even the traders that are expert also lose profit and did not recover at all. Mistakes are part of what we want to do. If you starting to work at something you love will have to start at the beginning before becoming an expert at such profession. Traders have to risk their capital for a chance to win huge profit or little profit.

[ScamViruS]

Loss is a normal thing for a trader. The trader sees both profit and loss during his daily trading hours. So an experienced trader is familiar with these. The point to look at here is how many trades you are gaining and how many you are losing. No one can give you profit, you have to gain your own experience. A trader who gains experience from his previous mistakes and uses them in his future trades can refrain from making those mistakes a second time.

Controlling emotions is a very difficult thing for traders. Most traders can't control their emotions just by making losses. Because there is greed among people. And because of this greed, most of the time people face huge losses.

[Peanutswar]

If you are a trader and you do not want to have risk and all you want is to win all of those trades I think this is impossible all of the traders have a full of risk with their trades.

We cannot escape the risk but we can avoid lessening the risk.

Some of the traders still have a lot of losses on their trades but in the end, the goal is to have a profit which is the most important thing profit is a must if you don't have a profit I think you need tk change your technique or strategy. Also in trading requires a lot of knowledge and more things needed.

It's better to make a trade at your own and don't be a dependent to other people like copy trading still it depends on you the important you earn.

[Finestream]

Loss is a normal thing for a trader. The trader sees both profit and loss during his daily trading hours. So an experienced trader is familiar with these. The point to look at here is how many trades you are gaining and how many you are losing. No one can give you profit, you have to gain your own experience. A trader who gains experience from his previous mistakes and uses them in his future trades can refrain from making those mistakes a second time.

Indeed, though trader always aim for profit but it's part of our journey as a trader that we will experience some loses.
This is a game where we need to be smart so we will end up profitable and reaching our goal, not everyday you lose or make profit, but you can be profitable overall if you have correct predictions that your wrong predictions.

It can be best learn through experience, that's why it's called a journey as one needs long experience to be consistent.

Controlling emotions is a very difficult thing for traders. Most traders can't control their emotions just by making losses. Because there is greed among
people. And because of this greed, most of the time people face huge losses.

You'll definitely not gonna let your emotion controlled you as you get matured in trading, again, experience would teach you to do that as overtime, you'll learn how to effectively manage the risk.

[pixie85]

Most traders catch themselves making this one little mistake. They think that any loss is unacceptable so they don't sell at a small loss and wait hoping the market will reverse and they're at least able to break even. In the end they need money and after months of waiting take a big loss.

You either are a trader and exit fast or you're ready to go all the way and don't worry whatever the market becomes.

[rodskee]

Trading profits the experienced but then, how experience can you be without trying?
The thing is, you've just got to trade first hand but, that's after studying how to in the first place. Your gonna meet missed opportunities and experience some lose but, it's part of the process.

It's part of the process that you needed to developed, what's good with having guides coming from experts
or coming the books and videos that you research with
is the sense of anticipations, you will lose that's part of this business but coming from that lose you will earned
knowledge and experienced.
The very essence of this venue of investment is to keep moving forward, never to stop learning, it will help you
big in achieving your goals.

[BITCOIN4X]

We cannot escape the risk but we can avoid lessening the risk.

You are right, crypto trading and investing is a risky activity and I believe all trader understand enough about this risk unless they are newbie.
There is no way to avoid the risk of crypto trading but we can still minimize those risks by taking some of the recommended step such as price analysis, monitoring project progress and certain momentum.

I dont think we should force the desire to make big profit from high-risk altcoin because we still have other good investment asset like bitcoin, and some other well-known altcoin. I dont like high risk trading and investing like in new altcoin. High risk, high return, but it is worth considering low risk for small profit as a way to minimize risk.

[blckhawk]

Loss is part of the trade. No one is perfect even if the person who has the experience and knows a lot in trading also been lost. It is part of the game. This is the time where you can learn everything because those mistakes you have made will become a guide and inspiration for you to succeed. And you should know that if you are truly a trader. Trading is more likely a 50:50 game you could either lose or win. But you could lessen the risk of losing though, all you need to do is to analyze every situation such as watching the market flow and everything.

[daneal stev]

Loss is one of the basic things in the field of trading, especially if the beginner does not have sufficient experience, as it will be difficult for him to control his emotions and feelings, and his only goal will be to increase profits and achieve large profits in a short time and this behavior is completely wrong. We must get away from greed and we must have great control over emotions and feelings It is good to be satisfied with the small and small profits in the first period and months of entering this field