Do you run when you fail or loose in a trade?

[cheezcarls]

I’m more of a long-term holder than a day trader. However, most of the coins and tokens I’ve invested are at a loss (especially shitcoins). However, I don’t run away from it because I consider it as a lesson learn for not doing my own research and not paying attention to the charts on a consistent basis.

[Mpamaegbu]

No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

That's the spirit and right way to go about it. Patience is virtue when it comes to trading — all forms of trading. Wait, and if your trading plan is right you will get the benefit of your trades.

I’m more of a long-term holder than a day trader. However, most of the coins and tokens I’ve invested are at a loss (especially shitcoins).

There's no point taking the risk of investing in shitcoins. It's a gamble to do that. Forget the hype (which normally follows shitcoins), concentrate on usecase when picking a token. Shitcoins will always be shitcoins.

[geegaw]

No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

Patience is useful in many ways, as well as trading, we really have to be patient if we experience losses. Because patience will provide an opportunity
for us to compensate for the losses we experience, the crypto market is very volatile, so today we are losing. But a few days later we can get profit.
The most important thing is that when the coins we have price drop, don't panic and rush to sell them. We can be patient holding the coins until
the price goes up again, never run away when we fail.

Some people like to estimate that a few failures are the general and irreversible outcome of trading while it is a fact that trading will be such a series of failures then form the wins and sum up the year end, which will be the profit, and just looking at a process with many parts is quite complicated, short time will not be successful and they need to be patient. However, patience becomes a weakness for too many people, they need to take the last steps of profit but they don't know what the market is asking them to do, running away in the middle of the road after coming back will also start from that point

[Rajamuda]

There is no need to run, it is a sense of despair, it is better to make previous mistakes a motivator for the next step. Here in addition to the short term, of course there is option for the long term as a good opportunity to get another opportunity to make a profit. It's good that we can have some/another efforts to handle the possibilities that occur in trade

[Oilacris]

No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

Patience is useful in many ways, as well as trading, we really have to be patient if we experience losses. Because patience will provide an opportunity
for us to compensate for the losses we experience, the crypto market is very volatile, so today we are losing. But a few days later we can get profit.
The most important thing is that when the coins we have price drop, don't panic and rush to sell them. We can be patient holding the coins until
the price goes up again, never run away when we fail.

Some people like to estimate that a few failures are the general and irreversible outcome of trading while it is a fact that trading will be such a series of failures then form the wins and sum up the year end, which will be the profit, and just looking at a process with many parts is quite complicated, short time will not be successful and they need to be patient. However, patience becomes a weakness for too many people, they need to take the last steps of profit but they don't know what the market is asking them to do, running away in the middle of the road after coming back will also start from that point

A matter of mindset of each person because few fails or mistakes wont really be that a solid reason for you to quit up directly just because you do lost money.Its part of the process and if you do

have that kind of mindset nor emotional instability then you would really be ending up on quitting directly or simply run out just to avoid the things you are currently engaging.
Patience is really a main thing needed on these kind of situation, you cant make out perfect trades and end up on profiting in the end of the day.

Always mind off on the risk involved and the probabilities of failure and minding on how to overcome those situations.

[rhodelmabanal]

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

[tippytoes]

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

Same here. Also, running will not do any good. As you will always come back as you still need to trade with other coins. Unless, once you decided to run away, it is your last stop in crypto trading. Just remember, if you are at a loss today, you will be winning in some days. As you learn the tricks in trading, losing will not be your forever fate. Losing is part of every trader's life. You are not alone in this journey. There's no trader that don't lose at some point. But that loss will make you understand why it happened and you will not repeat the mistakes the next time you trade.

[seleme]

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

This is true for those who trade with their own money which doesn't make him feel bad in 80% loss in a week. For margin traders, this argument is not true because their capital will be zero if the market price doesn't go back the original bought level. HODL is best when you are an early bird and the middle market fluctuations have no effect on your investment.

[SaShiRaJaVu]

~
This is true for those who trade with their own money which doesn't make him feel bad in 80% loss in a week. For margin traders, this argument is not true because their capital will be zero if the market price doesn't go back the original bought level. HODL is best when you are an early bird and the middle market fluctuations have no effect on your investment.

Market investment should be done with your savings and not with your emergency funds and the first lesson everyone should learn is that never take a loan and think that you will be able to multiply your money in a short period of time because of the high volatility. The pressure of returning will mess you up completely. Holding for the long term and investing when the market is bleeding is the only way to trade without much stress.

[livingfree]

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn.

If someone sees the potential on one's market, he will have to learn a lot from it even he knows that there's going to be some losses on its way. Well, that's very natural if you want to thrive and become at least good at trading, you have to adopt the market and learn from those mistakes. It's a continuous study.

If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

There's no coming back if a trader don't want to recover his losses but not all the traders that don't come back are not really coming back. If the losses are putting much stress, take time to meditate and study again with those losses.

[nelson4lov]

~Snipped
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)

Losses while trading cryptocurrencies is painful. It's even more painful for new and beginning traders who thought that crypto is supposed to be a get rich quick scheme or an avenue to make money faster and achieve your retirement goals. But in reality, it's not the case. That's why when they come across losses, they are quick to jump into depression and come up with the conclusion that crypto trading is not a good venture for anyone to dive it. As someone who has been in crypto for a while, I've accepted that in every trade I take, there is a chance that the market might not go the way I originally planned it. So I set up additional plans to counter incase it goes sideways.

- Go back to the drawing board and figure out what went wrong.
- analyse and evaluate
- Make better trading decisions based on lessons learnt from the losses and work on prevent such again.

[fullhdpixel]

No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

Good that you aren't running after having a loss in trading but I don't think many guys will admit that they stop trading after loss publicly. There is a certain guilt people feel while accepting such things but I personally acknowledged that trading a certain type of coins was not working for me at all and I am proud to say that I have stopped trading such coins, mainly pump and dump coins.

I do lose in day trading and leverage trading at times but I know it's part of the learning curve and good thing that I am not making the same mistake and every day I realize and learn something new. I never took stop-loss seriously until recently when it saved me from a pretty big loss. Losing is nothing to be worried or ashamed about, learning from the mistake is important.

[lenovop-70]

I am the one from many people who comeback from lossing money in the crypto market, i believe that my loss today is a lesson for useful knowledge later, i can say it now, before it, it was very painful when i am home from market with some losses.
Just learn from your pain, and you will find out what exactly your next move. Crypto teach us to be sincere, and ready for anything will happened next, being rich from crypto is a must, but to be poor from crypto is a bonus, so be careful.

Regarding peoples that spoke bitterly against cryptotrading, its their right to say it, as long as he doesn't commit a crime against me, it's up to him what he wants to say, I don't really think about people like that. 

[Fredomago]

I am the one from many people who comeback from lossing money in the crypto market, i believe that my loss today is a lesson for useful knowledge later, i can say it now, before it, it was very painful when i am home from market with some losses.
Just learn from your pain, and you will find out what exactly your next move. Crypto teach us to be sincere, and ready for anything will happened next, being rich from crypto is a must, but to be poor from crypto is a bonus, so be careful.

Regarding peoples that spoke bitterly against cryptotrading, its their right to say it, as long as he doesn't commit a crime against me, it's up to him what he wants to say, I don't really think about people like that. 

Nevermind those kind of people as they don't have any count in terms on your personal growth, let them bashed you or the market that you are working.

If you managed to you use failures as your source of knowledge then letting those negative people behind and continue to progress is a must for you to able to achieved more success along the way.

It's very important to deal with this kind of attitude as it will developed more positivity inside you.

[Review Master]

I've been in crypto trading since 2017 I can say that untill now sometimes i can still loss on trading but I am not running because the best thing to do is to stay and learn. If we walk away after we loss then we cannot get back or recover the lost funds but if we stay and learn I am sure that soon we will gain bigger that what we already loss.

Indeed, we need to learn from the market situation so that we can take advantage of the market when every new users are going to panic in future correction. Also, give up or running from failing is bad idea when we can learn from our previous trades. Also, many of us already become quite skillful who are in this market from the previous bull season as we know many more bull season is waiting for us and we'll sure to recover from loss and will sure to make profits in those bull season. So it's best to be a diamond hand hodler. 

[DarkDays]

If you run from failure, then failure will follow you around no matter where you go.

To rise above that one must learn from failure and learn to confront it not run away. This is true for trading as much as anything else in life! True facts.

[FanEagle]

Good that you aren't running after having a loss in trading but I don't think many guys will admit that they stop trading after loss publicly. There is a certain guilt people feel while accepting such things but I personally acknowledged that trading a certain type of coins was not working for me at all and I am proud to say that I have stopped trading such coins, mainly pump and dump coins.

I do lose in day trading and leverage trading at times but I know it's part of the learning curve and good thing that I am not making the same mistake and every day I realize and learn something new. I never took stop-loss seriously until recently when it saved me from a pretty big loss. Losing is nothing to be worried or ashamed about, learning from the mistake is important.

For some reason there is this toxic macho attitude in the crypto trading world where saying you were wrong is seen as some weakness. I do not know why people think that way and we all know that it is not like that in the long run but unfortunately that is the case for the crypto world. Making a mistake is very human, we all make mistakes, and you said that crypto will do this but it did the opposite is the bare minimum of being a mistake, many many people make mistakes, that is why there are people who lose money to begin with, not everyone can make a profit, there are even times when most lose money like the recent crash.

However you do not see people who come out and say "I know I said it will go up, but I was wrong and it went down" because in that case everyone will mock you forever even if 100 other times you were right, and people do not like to be mocked forever as understandably so.

[RealMalatesta]

There is no need to run, it is a sense of despair, it is better to make previous mistakes a motivator for the next step. Here in addition to the short term, of course there is option for the long term as a good opportunity to get another opportunity to make a profit. It's good that we can have some/another efforts to handle the possibilities that occur in trade

Yeah, although sometimes the mistake is so costly and deadly that you cannot recover from it even if you have learned certain things. I had a friend who lost around 80% of his allocated trading capital within the few days of his trading career and despite knowing the mistake he made (putting too much money in few trades instead of trading more with smaller amounts) he even today is still recovering the loss and it would take quite some time to recover it fully. Good thing for him though that he will never make big trades in the future because when you work so hard to fill a hole that took 5-6 days to dig, you will never again dig it that deep.

By the way, losing in trading and failing in trading are two separate concepts. Losing is part of trading, no one can always profit or win. Failing in trading means you don't have the requisite knowledge or the temperament to trade.

[carlfebz2]

If you run from failure, then failure will follow you around no matter where you go.

To rise above that one must learn from failure and learn to confront it not run away. This is true for trading as much as anything else in life! True facts.

You wont progress or making yourself improve if you dont face up your mistakes or failures because there's no other way on enhancing or making yourself better if not facing up those challenges.

If you do ran away then nothing changes but if you do face it and try to overcome it then you would really show some progress or improvement on the way you do trade.

You should be having this kind of mindset because dealing with market is really unpredictable and you are really prone to losses.

[taufik123]

Yeah, although sometimes the mistake is so costly and deadly that you cannot recover from it even if you have learned certain things. I had a friend who lost around 80% of his allocated trading capital within the few days of his trading career and despite knowing the mistake he made (putting too much money in few trades instead of trading more with smaller amounts) he even today is still recovering the loss and it would take quite some time to recover it fully. Good thing for him though that he will never make big trades in the future because when you work so hard to fill a hole that took 5-6 days to dig, you will never again dig it that deep.

By the way, losing in trading and failing in trading are two separate concepts. Losing is part of trading, no one can always profit or win. Failing in trading means you don't have the requisite knowledge or the temperament to trade.

The mistakes made when you have to lose 80% of the capital will certainly be very painful. However, if you only trade on the spot market and buy coins that still have potential such as ETH, BNB and several other altcoins, of course you can still return to the original price (but it takes a long time). Most importantly don't buy shitcoin and then Rugpull. A drop of up to 80% is likely to buy at too high a price when the bitcoin pump price and the current bitcoin price crashes, altcoins crash and are in deep prices.
Capital management is very necessary and has a useful reserve to restore the current state.
Stable emotions will also influence the decisions made while trading.