Recovering losses

[lalabotax]

The one that I learned from my own experiences after losing my money because of trading is that I must keep myself there with my family again. And then, if I am really ready for joining in the crypto, just do more research and also consider that. We can see how many people are being like this, And then we can really know how to recover from losses. Moreover after the big losses. I personally will take other coins that have chances to increase more and take profits from it/

[1715349976]

1715349976

[jonval21]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

[Natsuu]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

But you did recover it right?, but not for a short term, but you recover it by investing it in a long term run. What I can see about your journey is that you must never rush everything, you must never think of recovering your loses as fast as you can. But in stead, you can recover it if you will stick in what you think is the best way to recover it, no matter how long and how hard it will get.

There's no fast routes or shortcut in this kind of investments, so follow what you plan and stick withit.

P.S. Don't let your emotions take control whenever you get loses.

[Kong Hey Pakboy]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

A friend of mine adviced me that I shouldn't put anything in trading because if that was the case I would be better off just gambling the money away since they are likely will have the same result, I feel bad that you have a devastating loss and I will keep this story in mind so as to not make the same mistakes.

[tvplus006]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

Each of us is waiting for a further increase in the price of bitcoin, but this does not mean that you need to hold your coins when BTC is sent to the correction. In time to transfer your bitcoins to stablecoins, so that later you can buy more BTC for the same money, this is the point of trading.

[Mr.right85]

But being under tremendous stress, I overtraded and lost recovered btc and now back to 20%.
I thought of asking for some guidelines / help from some twitter personalities who are good traders, but I am afraid to approach, because they may think I am going to ask for some bitcoin or I am a scammer. Also I do not personally know any good trader who can help / guide with the strategy to recover my lost bitcoin.

From your speculations on how your trading strategy had worked out for you, you are actually doing okay. The only problem is the one you've already spotted out yourself and that is the fact that, you over traded due to so much anxiety on your part. Your desire to gain more and more in the least possible time has put you in the spot that makes you want to place more trades than usual or expected. It doesn't work that way. Trading too often means, your bound to make or pick some wrong trades along the way. Its already a known fact that, your more likely to profit trading bitcoin than other forms of trading. All you've got to do is to wait, have a little patience and your goals might come true.

[SacriFries11]

The one that I learned from my own experiences after losing my money because of trading is that I must keep myself there with my family again. And then, if I am really ready for joining in the crypto, just do more research and also consider that. We can see how many people are being like this, And then we can really know how to recover from losses. Moreover after the big losses. I personally will take other coins that have chances to increase more and take profits from it/

One thing I realised when I losses big money in crypto is that I just need to calm down and thinking what are my mistakes. It's hard to recover losses rather than winning in trading. I experienced about 40% of my capital been gone in just a few minutes of trading and it stress me a lot. If only I just left it and just wait for the price to recover and have patience rather than sold it at small price. In my current situation, it's hard for me to recover quickly what I've lost in a short time, so I'm willing to wait and be patience and of course be sure about the trades that I made.

[Wapfika]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

If we don't plan to trade more or monitor other altcoins then do no hold altcoins too long, but when it comes in BTC buying BTC and holding it will never go wrong since the price still have more chance to increase in the future, only few were able to invest and adoption isn't that wide yet, soon more institutional companies will invest in crypto. So take this opportunity.

[Kasabus]

It is very difficult to recover, in 2019 I put a position in LONG, the price was around 4000usd and then the result was devastating, it was when Bitcoin fell to almost 2000usd, it was not pleasant because it jumped the stop loss many times, I tried to recover later but it was impossible for me, what I did was leave in hodl and it was the best decision, but trying to recover what I did was lose more. I really don't recommend it, it's best to wait, Hodl.

If we don't plan to trade more or monitor other altcoins then do no hold altcoins too long, but when it comes in BTC buying BTC and holding it will never go wrong since the price still have more chance to increase in the future, only few were able to invest and adoption isn't that wide yet, soon more institutional companies will invest in crypto. So take this opportunity.

Actually, holding is somewhat optional. It likely had no sense if we hold crypto when it is was being dead already for many years, that only a waste of time. This gives us a realization that holding could not give us a huge benefit but sometimes it losses our opportunity. If we could recall how the last 2018 market struggles where people are so much in hopes that altcoins will continue to rally and most of the investors are in a hold but that surprises everyone when bearish had to start and never have the chance to sell at high.

[TheUltraElite]

I am not a professional trader,

Most people who are trading are not as well.

all I wanted to do is earn some bitcoin so as to pay the potential income tax.

Whoa!! Now that is something new I am hearing on this forum. People here more or less talk about how to pay taxes incurred on bitcoin trades rather than using bitcoin to pay other taxes.

Greatly appreciate any words of wisdom, any help with the strategy to recover my loss.

I read through your post and it seems you started with Margin trading. Now for a beginner, if they dont have any previous experience in margin, they will lose money. If that was your case then I am sorry to say, but you took the wrong foot forward.

Beginner should start off with spot trading which is buying/selling asset of crypto. I can see why you got misdirected as well. No wonder the numerous advertisements on social media and continuous spamming of margin trading sites making it the trend on internet in the last 2years.

However, do consider that you have lost money and will not be making up the loss in any manner. Still spot trading is something that you can do. Buy bitcoin at low price and hold it for a time to sell at a profit. Of course this price is much high to buy so cant give advice on that.

But dont go for margin long and short, you will lose more than you even make and at least in spot trading you are having an asset to hold, in margin you only have a contract which is going to get liquidated soon enough. That is how these exchanges make money.

[Kittygalore]

If you are trading because you have to recover losses, I can guarantee you that you are going to incur more losses because you stop thinking about it logically and your riskiness increases because you want to recover the loss as fast as you can, this isn't noticeable and the people that experience this isn't even aware that they are having this. If almost all of your trades are losing,maybe it is time to do some self reflection and choose another path for you.

[zanezane]

If you are trading because you have to recover losses, I can guarantee you that you are going to incur more losses because you stop thinking about it logically and your riskiness increases because you want to recover the loss as fast as you can, this isn't noticeable and the people that experience this isn't even aware that they are having this. If almost all of your trades are losing,maybe it is time to do some self reflection and choose another path for you.

I agree, sometimes quitting is the best option because you will only sink deeper the more you struggle. Trying to recover your losses is the same as trying to gamble back all your losses, which is going to be impossible.

[molsewid]

One thing I realised when I losses big money in crypto is that I just need to calm down and thinking what are my mistakes. It's hard to recover losses rather than winning in trading. I experienced about 40% of my capital been gone in just a few minutes of trading and it stress me a lot. If only I just left it and just wait for the price to recover and have patience rather than sold it at small price. In my current situation, it's hard for me to recover quickly what I've lost in a short time, so I'm willing to wait and be patience and of course be sure about the trades that I made.

Even in myself if I encounter losses one for sure that I always keep in mind was I commited mistakes, and from it I was trying to figure it out what might it be. But to be honest figuring out your mistake wasn't easy as it seems and I experiencing such losses was inevitable and the only remedy we can make was to control ourselves of how much we can afford to lose or how much we can take risks first and foremost and of course have a patience.

[btc-facebook]

The mistake you make is because you don't understand risk management well, and also don't understand technical analysis, it will be difficult to recover your funds if you still insist on trading,
you better hold coins for the mid or long term, because the risk is smaller but profit is very large, the key is to be patient, and sooner or later your losses will recover.

[Twinkledoe]

If you are trading because you have to recover losses, I can guarantee you that you are going to incur more losses because you stop thinking about it logically and your riskiness increases because you want to recover the loss as fast as you can, this isn't noticeable and the people that experience this isn't even aware that they are having this. If almost all of your trades are losing,maybe it is time to do some self reflection and choose another path for you.

Or better yet, stick to bitcoin for the moment. If he can hold for longer time, choose good projects also like BNB and ETH. Chasing your losses will give you a headache and yes, maybe further losses. I hope the OP will not sell his land. There are other options to get back those losses. That's real property that increases its value thru time. And selling it is not very smart move.

[stomachgrowls]

Hi friends,

I am not a professional trader, all I wanted to do is earn some bitcoin so as to pay the potential income tax.
On 23rd Feb, I lost my 80% of bitcoin.
I should have managed risk better, but my worst mistake happened, when I had longed 3x. and I got scared during the dip.
I had lost 50% of my bitcoin in January but I think I got lucky, Elon musk pump helped me recover my lost bitcoin and earn 15% more.
Out of this 115% btc, 80% is lost.
I tried to recover from feb 24 and I was able to make 20% to double and make it 40%.
But being under tremendous stress, I overtraded and lost recovered btc and now back to 20%.
I thought of asking for some guidelines / help from some twitter personalities who are good traders, but I am afraid to approach, because they may think I am going to ask for some bitcoin or I am a scammer. Also I do not personally know any good trader who can help / guide with the strategy to recover my lost bitcoin.
By help I do not mean to give me everyday a trade setup or calls.
my strategy is to go very slow, buying the dips with 2x or 3x leverages and recover bitcoin over period of next 6 months.
I didn't do any revenge trades or high leverage trades to make it all back in one trade. This recovering is easier said than done.
 
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.
And slowly recover from my existing 20%. Or stop trading completely.  This 20% is also quite some. so just stop trading and be content with whatever I have. and DCA in future.
 
Now I don't need to pay any income tax but also lost my bitcoin.
Greatly appreciate any words of wisdom, any help with the strategy to recover my loss.

The common lesson here is "Dont chase losses" this might be common on gambling but also with  trading as well.Dont try to mind of too much on how you would break even or would profit because this will just
end up on affecting your own actions because desperation would always come next if you do have these things in mind.

I dont see the point on selling out a land because it isnt really worth for it to be sold.When you do deal with this market then you should be aware on the risk.

Secure when you do see gains and buyback when you do see opportunity.Dont get confident because if you would make yourself a bit careless on making
positions then it would really be having neither the odds of gaining or lossing.

[Rehan Zakir]

Its a very sad story. Your loss ratio is very big. But it can be recovered with the passage of time. But it is possible so don't be panic to recover your loss so fast. Just keep patient and don't invest your money in one coin. Invest your Bitcoin in different projects with small investments.

[RealMalatesta]

Your loss ratio is very big. But it can be recovered with the passage of time. But it is possible so don't be panic to recover your loss so fast. Just keep patient and don't invest your money in one coin.

Loss ratio will dominate if you fail to wake up after initial 1 or 2 losing trades. Recovering losses must be long road, there you need to be double careful and need to have strong and well tested strategies and along with good control in emotion and money management. I lost big money on trading but recovered them by investments.

I dont see the point on selling out a land because it isnt really worth for it to be sold.When you do deal with this market then you should be aware on the risk.

Practically a trader must do the reverse; from trading profits, they should invest in real estates. But unfortunately the hype from trading will give them false hope to risk even their house/land. When you are confident about making 100x returns then obviously will go selling of valuable properties. But, I never support/recommend it unless otherwise you're going to invest in bitcoins.

[dezoel]

Your loss ratio is very big. But it can be recovered with the passage of time. But it is possible so don't be panic to recover your loss so fast. Just keep patient and don't invest your money in one coin.

Loss ratio will dominate if you fail to wake up after initial 1 or 2 losing trades. Recovering losses must be long road, there you need to be double careful and need to have strong and well tested strategies and along with good control in emotion and money management. I lost big money on trading but recovered them by investments.

The problem is, when you lose 50%, you need 100% to recover and that is the problem. If you invest 100 dollars, and lose 50% that is 50 dollars, and if you want to recover that you need to earn 50 dollars more and that is 100% gain. I know that it is still from 100 dollars to 50 dollars to 100 dollars again, so it is not really that shocking, but it is sometimes a bit more difficult. This is why I think it is quite obvious that gaining the losses is harder while losing the earned ones is easier.

I know that we have been in a bull run and everyone made money, but that doesn't mean that we should be doing nothing just because that happened, we should be still looking for things that would help us, I personally try to gain small by small over long period of time using DCA just to make it back, I do not care about it because I do not need to recover right away.