Recovering losses

[tvplus006]

~~~

Your problem is that you are constantly trying to recover your lost deposit, as it happens in gambling, when the loser tries to win back, constantly increasing the risk in the game. Your desire to trade exceeds your desire to learn how to trade. But even in this you are not original, as most traders who lose their deposit begin to learn trading by joining paid and free courses.

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[Hypnosis00]

For sometimes we just hook up thinking that we can really do what we wanted but in the end, we don't. Too sad to think but that is the reality. Like to say "I can be a trader" but that seems impossible if we never work to make it better. We can't just be a trader that only lose but we wanted to be a profitable trader. Because if that only we end up losing almost every time, I guarantee you that you will never get your goal.

Maybe or likely quitting is the best thing you do and make yourself assess if you can handle this, the stress coming from trading, or have to know yourselves if this is really meant for you. 

[ReiMomo]

~snip~

Maybe or likely quitting is the best thing you do and make yourself assess if you can handle this, the stress coming from trading, or have to know yourselves if this is really meant for you. 

I guess just because of lack of interest but if not, there is no reason to quit in trading, push yourself to learn more, and put in mind that the mistake should won't let happen again. But that is a different story to recovering losses, once you are in trading, the amount that you spend should must the amount that you can afford either win or lose.

Because recovering losses is something like you are chasing on it which a wrong decision.

[Kelvinid]

~snip~

Maybe or likely quitting is the best thing you do and make yourself assess if you can handle this, the stress coming from trading, or have to know yourselves if this is really meant for you. 

I guess just because of lack of interest but if not, there is no reason to quit in trading, push yourself to learn more, and put in mind that the mistake should won't let happen again. But that is a different story to recovering losses, once you are in trading, the amount that you spend should must the amount that you can afford either win or lose.

Because recovering losses is something like you are chasing on it which a wrong decision.

Chasing losses is the wrong practice because that only leads us to emotional trading and this could give a negative result and possibly more losses on our side. If we lose, just accept it, we can't be good all the time and in fact, this is a part of trading life. May we could say that quitting is not a solution but what will happen if the same results will come. I think it is much better to give up and find another way to recover those losses. It is not a shameful act since we are doing what could be the right thing to do.

[AndySt]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

[CryptopreneurBrainboss]

Recovering your loses is not easy, and the only way to keep going is to adopt change and to accept all the mistakes you've done over your past trades. This is reminder to you that there's no easy money in this market, so you have to take it seriously.

If we're too concerned about recovering our losses we might end up losing more. The market has a way of capitalizing on our weakness and use it against us. Losing is a process of winning and it's part of the market that you can't escaped so you getting all worked up because you lost is not necessary instead finding out why that particular trade didn't go your way is vital in your growth in the industry.

The trades should all be about making profit and not a fightback mechanism to recovery of lost funds. This will cloud your mind and judgement and cause you to make unhealthy decision that would cost you later. Either you will be pressured to invest in coin with huge potential so as to meet up your losses and also make profit which could be the wrong coin since they're only pumped and dumped and chances are you'll be buying in when the dumps us about to occur.

[Natsuu]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

Yup in this time and date, btc can just accumulate about maximum of 50% if you will invest right now, unlike in altcoins, tho it is riskier, but the profit is higher than normal. But aren't we, traders, common to risk plays and isn't it our playground

[Wawa2013]

Actually the decision to continue trading or not is in your own hands. As long as you still believe you can succeed with trading, just go ahead and trade.
But you need to pay attention to the way you trade, you try to learn the results of the trading that you have done. Write down all the mistakes you
have made while trading and try to correct them in the next trade.

Actually, it is normal for everyone to experience losses when trading, the most important thing is how we fix the mistakes we have done, so that makes
us suffer losses. If you already know all your mistakes and managed to fix them, I am sure that all the losses you experience can be replaced.
And you can turn to profit, the key to trading is patience.

[traderethereum]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

Yup in this time and date, btc can just accumulate about maximum of 50% if you will invest right now, unlike in altcoins, tho it is riskier, but the profit is higher than normal. But aren't we, traders, common to risk plays and isn't it our playground

Taking a risk will be okay if you know how to manage the risk because many of us still do not know how to manage the risk.
They use big money to invest in a coin but they do not research more about the coin.
But if they only use bitcoin to trade or invest, they can have a chance to make a profit and if they can hold it for a long time, their profit can be big.
The best thing that we can do is buy low and sell high or buy low and hold if we want to profit.

[cheezcarls]

This reminds me back then about my huge losses of not just one, but multiple coins that I hold. You know why? It’s because I just relying on buying and holding, etc., and not doing some jobs that could give me fixed income or sustainability. I was too greedy back then, but I finally learned my lesson. It took me a long while to move on because of that huge loss, but now that’s just my past and I learn how to manage my risks.

Right now I am into copy and futures trading, and I only invest and trade what I can afford to lose. Of course, I had to admit that my first trade in futures trading was not something that I have expected, but I have managed my risk by only putting an amount to trade where I can just treat it as “dead money”. In that way, I’ve trained my emotions to get stronger despite the loss. Same thing goes to copy trading where my P&L is going sideways and didn’t gained much yet.

But I’ve enjoyed it. I really am.

[Sinjokubhi]

At some point, you just realize that maybe trading is not for you, and there's really nothing wrong with it! Some people hop professions multiple times before they end up doing something what they're good at, and that they enjoy.

Seriously though, you probably already know this, but just look for another source of income. May it be through jobs, gigs, a business, or whatever. Don't just sit there looking at Coinmarketcap.

Best of luck going forward.

Yeah right, from many experiences people think. They, often find a job that is not suitable. Some continue to accept it, and some have changed other professions. Actually this is an option, if you are serious about living the profession, it will probably guarantee you can. Because people's skills vary, many do not realize that their expertise is not there but they are still living it and eventually will arrive at a point where they will feel disgusted and bored with the work, because everyone must have their own limitations.

However, if they like the job, and the job is in accordance with their expertise. They will not feel boredom or boredom. Because that's where their expertise lies and is recognized. It is true, professions according to our expertise are fun. So don't give up easily, like he said. You can find other professions that suit you. If you have not found it, then please enjoy your profession now and live it as it is. While the life is still lingering in our bodies, we can do and choose how our way of life will be.

[jostorres]

This reminds me back then about my huge losses of not just one, but multiple coins that I hold. You know why? It’s because I just relying on buying and holding, etc., and not doing some jobs that could give me fixed income or sustainability. I was too greedy back then, but I finally learned my lesson. It took me a long while to move on because of that huge loss, but now that’s just my past and I learn how to manage my risks.

Right now I am into copy and futures trading, and I only invest and trade what I can afford to lose. Of course, I had to admit that my first trade in futures trading was not something that I have expected, but I have managed my risk by only putting an amount to trade where I can just treat it as “dead money”. In that way, I’ve trained my emotions to get stronger despite the loss. Same thing goes to copy trading where my P&L is going sideways and didn’t gained much yet.

But I’ve enjoyed it. I really am.

That is what we should be all doing, that's what I did as well, if you make a mistake but learn from it, that is a profitable mistake, at least you won't do it again and that is what we need. At the end of the day if you know what you are doing, you will make less and less mistakes in the future and that is going to matter a lot. I have done some changes and differences in my time to my trading but I have always done that because of how much I made mistakes, all those combined to make me a decent trader.

My first ever trade was based on chart reading that I studied somewhere and I have to agree that it was horrible, I didn't lose all because it was spot trading but it was around 50% gone in a week because of that. Nowadays I do not make that type of losses, even on 2018 I didn't make those losses anymore, still had a bad year but wasn't that bad all around.

[Golftech]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

Yup in this time and date, btc can just accumulate about maximum of 50% if you will invest right now, unlike in altcoins, tho it is riskier, but the profit is higher than normal. But aren't we, traders, common to risk plays and isn't it our playground

Taking a risk will be okay if you know how to manage the risk because many of us still do not know how to manage the risk.
They use big money to invest in a coin but they do not research more about the coin.
But if they only use bitcoin to trade or invest, they can have a chance to make a profit and if they can hold it for a long time, their profit can be big.
The best thing that we can do is buy low and sell high or buy low and hold if we want to profit.

That principle still alive though it's very difficult to predict which directions the market will go,

even you have the knowledge you still need to understand how the market are moving, a lots of

time investors are just blindly follows the trend, very uncareful that leads them to lose their invested

money, you always need to keep enhancing your knowledge if you want to survive from this business.

[dunfida]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

Yup in this time and date, btc can just accumulate about maximum of 50% if you will invest right now, unlike in altcoins, tho it is riskier, but the profit is higher than normal. But aren't we, traders, common to risk plays and isn't it our playground

Taking a risk will be okay if you know how to manage the risk because many of us still do not know how to manage the risk.
They use big money to invest in a coin but they do not research more about the coin.
But if they only use bitcoin to trade or invest, they can have a chance to make a profit and if they can hold it for a long time, their profit can be big.
The best thing that we can do is buy low and sell high or buy low and hold if we want to profit.

That principle still alive though it's very difficult to predict which directions the market will go,

even you have the knowledge you still need to understand how the market are moving, a lots of

time investors are just blindly follows the trend, very uncareful that leads them to lose their invested

money, you always need to keep enhancing your knowledge if you want to survive from this business.

Being old on this market doesnt automatically signify that you are already pro into this field because this will really be a never ending learning for us
because nothing can really be predicted on what would happen ahead even if you are old and experienced enough.
Losses is inevitable but the thing you should focus is on how to make yourself sustaining in spite of the situation.
Recovery plans is there but you shouldnt hurry up because that would create even more deeper problems when it comes to losses.

[Astvile]

Also I was thinking of selling a piece of  land I own, buy some bitcoin and keep it safe in hardware wallet, not trade with it.

This isn't advisable but worth the risk for me if I were in this situation because we already see how bitcoin pumps over the years.

My advice about your trading journey is to take a break but don't stop learning. Stop trading for a while go study more and then come back stronger. And having a change in your mindset will be a great thing. Never be in the mindset of recovering losses after a losing trade because you will surely lose more. Just accept the loss and forget it no matter how big it or small it is always start with a fresh mindset before you do each trade.

[traderethereum]

Unlike any other trading environment, you can make big profits in this crypto space just by holding for longer duration. Just plan up trades for years (but within only bitcoin) then definitely you will get at least 10x profits for your investments.

About at least a tenfold profit in bitcoin over the next few years sounds quite bold, because at the current exchange rate, we are already talking about $ 600,000 and I personally am not so sure about this forecast Another question is that you can try to wait for a correction and make a purchase at a lower price. I would be more confident about such a price forecast in altcoins, but there are pitfalls and instability of much larger orders.

Yup in this time and date, btc can just accumulate about maximum of 50% if you will invest right now, unlike in altcoins, tho it is riskier, but the profit is higher than normal. But aren't we, traders, common to risk plays and isn't it our playground

Taking a risk will be okay if you know how to manage the risk because many of us still do not know how to manage the risk.
They use big money to invest in a coin but they do not research more about the coin.
But if they only use bitcoin to trade or invest, they can have a chance to make a profit and if they can hold it for a long time, their profit can be big.
The best thing that we can do is buy low and sell high or buy low and hold if we want to profit.

That principle still alive though it's very difficult to predict which directions the market will go,

even you have the knowledge you still need to understand how the market are moving, a lots of

time investors are just blindly follows the trend, very uncareful that leads them to lose their invested

money, you always need to keep enhancing your knowledge if you want to survive from this business.

Investors follow the trend because of many things, but mostly, they follow the trend because someone suggests buying or sell the coin without them analyze.
As the investor, they need many things before deciding to buy or sell the coins, one of the ways is they need to analyze and find the sign to enter the market.
But they can just buy the coin at a low price and hold it and do not care about the price moves.
But if somehow they lose in trading, they will try to recover the losses by trading more and be careful.

[blckhawk]

Also I was thinking of selling a piece of  land I own, buy some bitcoin and keep it safe in hardware wallet, not trade with it.

This isn't advisable but worth the risk for me if I were in this situation because we already see how bitcoin pumps over the years.

My advice about your trading journey is to take a break but don't stop learning. Stop trading for a while go study more and then come back stronger. And having a change in your mindset will be a great thing. Never be in the mindset of recovering losses after a losing trade because you will surely lose more. Just accept the loss and forget it no matter how big it or small it is always start with a fresh mindset before you do each trade.

Having the same thought. You don't actually need to quit trading just because if big losses instead take a break and cool your head off. Besides chasing losses is never been good, yes there's a possibility you can retrieve it back but most likely it will just make things worse so forget it. You lose part of your money forget, you will get it back eventually 2 fold or more without noticing. Emotions do matters when it comes to trading that is why you should learn to control them otherwise this will be a trigger to your loss. But if you think trading isn't for you then call it off and look for something you are good at, it is better to know your limitations after all.

[RealMalatesta]

Besides chasing losses is never been good, yes there's a possibility you can retrieve it back but most likely it will just make things worse so forget it. You lose part of your money forget, you will get it back eventually 2 fold or more without noticing.

Chasing losses is hard compared to making 2 fold of profits for given same level of capital; the big differences is triggered by role of emotions. When you are good in technical analysis and able to focus only on your technical part then you can easily make 2 or 3 fold of profits whereas when you worry about your losses then you cannot focus on your technical which will lead to further losses.

As the investor, they need many things before deciding to buy or sell the coins, one of the ways is they need to analyze and find the sign to enter the market.

Analyzing market conditions against various strategies will not let us to book losses again and again. You just need to be sure about having more than 2 method of technical analysis which must cover all the aspects of market influencing factors; this is not just for investors but also applicable for traders.

[Yatsan]

It will not worth the risk of selling the piece of land you have just to buying some Bitcoin for you have better know yourself that you are not that good in trading. What you need to do first is to study and learn all the aspects that you need to know and that will make you to realize what you have done wrong in your past trading and that is when you must strive up again. Avoid doing decisions such as selling your property just to be able to have some Bitcoin to trade. Better do earn some money and use it on trading instead of risking your property for a not sure capacity you have in your trading ability. Learn first and come into realization before engaging once again.

[jostorres]

You don't actually need to quit trading just because if big losses instead take a break and cool your head off. Besides chasing losses is never been good, yes there's a possibility you can retrieve it back but most likely it will just make things worse so forget it. You lose part of your money forget, you will get it back eventually 2 fold or more without noticing. Emotions do matters when it comes to trading that is why you should learn to control them otherwise this will be a trigger to your loss. But if you think trading isn't for you then call it off and look for something you are good at, it is better to know your limitations after all.

"Chasing losses" is not bad on trading, it is not gambling. In trading you recover losses and best way to do it is to learn from your mistakes and make better decisions next time. I learn about my mistakes and make changes accordingly, that way I know what I am doing.

If you give a break, leave, take a breath, do something else for a while and come back days or even weeks later you are going to be missing a lot of chances to make a profit. Plus, if you are involved in crypto that means you follow it up as well and you will keep seeing stuff and you will wish to get back in and won't be able to stay out for too long when you see these things. This is why I think it is quite clear that recovering losses right away is much better than giving a break. This is of course my personal preference, maybe for someone else it is not like that and they have to give a break, I wouldn't know.