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

[Rruchi man]

I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.

I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -

"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

(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)

[jackg]

Risk management is normally the issue in this circumstance. If you've got a good trading strategy and a good chance of winning in trades (>50% normally but preferably >70%) then that's what it'll be.

Most people seem to mitigate this by offering signals either directly to someone or on a group.

If you want to trade, don't risk more than 5% of your portfolio on a trade, and try not to make hops that can scare you (eg set up a trade late at night if you've just deposited so you won't check how it's doing while you're asleep).

[Sled]

I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.

That he finds himself not suitable for trading. This is for those who have belief and trust on crypto, not those doubtful individuals just like your friend.

"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

I don't have the numbers but for sure, everyone who tried trading will experiences losses as will as gaining. Perhaps, losses gives us the reason why we should be careful next time and encourages ourselves to enhance our trading skills and knowledge.

[mk4]

Funnily enough, the experience of amateur traders with little to no experience and who immediately went with big deposits are almost no different than the experiences of people who lost a fortune in gambling. Wanting to get-rich-quick is a bch.

[Kong Hey Pakboy]

Funnily enough, the experience of amateur traders with little to no experience and who immediately went with big deposits are almost no different than the experiences of people who lost a fortune in gambling. Wanting to get-rich-quick is a bch.

Them newbies thought they could probably become like the early adopters of bitcoin, they thought that with trading they might make a lot of money but in reality, it is not the case. Any promise of a get rich quick is a trick pulled by other people so they can make more money out of the gullible ones.

[suryogandul]

why should you run? it will only lead to even greater failure. I myself prefer to study my failures. for beginners there is still a lot of knowledge that must be learned when it fails, find out where the mistakes in real trading are and will find points of error and can be corrected to be success in the future

[logfiles]

It's why beginners are always encouraged to use money they can afford to lose for trade. Nobody ever said trading is easy or one will only open winning positions throughout their "trading career". People who trade their saving are the ones who end up getting depressed after losing the money to bad trades.

It's always a bumpy road especially at the beginning until someone learns from their mistakes and with practice, they perfect their strategy.
Mastering risk management is probably the biggest factor

[AicecreaME]

Pretty classic actually, I mean that's not surprising at all. He is just simply trying to discourage anyone because if he sees someone try Trading and successfully made profits, it will just add disappointments on him that could result to much mental trauma. He was the one who gave it to himself, because he risked it all even he was just starting trading or didn't have that much confirmations on that trade but still proceeded and ended up crying.

[ninkdwi]

like a loser to run away from reality because of his own fault. they failed because they were not careful and did not want to learn to trade thoroughly. in losing trades is common, but as much as possible try not to experience frequent losses. namely by learning the ins and outs of which crypto will be our trading target.

[taufik123]

Currently ordinary people who enter crypto are tempted because crypto is growing, the price of bitcoin is getting higher. therefore the interest of beginners is very big to enter crypto with their own money without knowing what risks will occur if they do not have basic trading.

some people who hate crypto are people who have been into crypto but they are experiencing losses because of their unpreparedness.

Profits and losses in crypto are common. Indeed at first mentality will be very important, when the mental is not strong with all the pressure and there is a condition of loss then all will end. But when we are able to get through it all and over time learn about the science of trading, profits will be obtained easily.

never run from failure, because failure will make us achieve success.

[The Cryptovator]

Do you know the main fact why most new traders lose in crypto trading? Because simply they thought trading would make them rich within a night. We thought we only earn from trading, we aren't aware of the risk of trading especially those who are newbies. Without enough patience, it's impossible to make money from trading. Although it's something like gambling but not fully depend on your luck. For crypto trading it does not just depend on luck, we should have basic knowledge about the crypto trend. If you ask me how many people lose funds in crypto trading, then I will say 60% of traders are in a loss and most of them are a newbie.

[Furious 7]

Don't be a child when you fail a trade and run away depressed.

An experience will be better and even richer than the trade itself, it is normal in losing or failing trades because we can't manage it properly because we are still learning to understand the truth, so with a lot of advice here you have to understand where not to be. losers, remember to get rich it's not easy we have to feel failure occurs as long as you still want to stay rich so there is no need to hesitate when you want to continue trading then you will find there the best things where trading will be easier.

[ChrisPop]

"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

The answer is few, but even of those that do follow-up on their mistakes many end up giving up trading usually because it is too frustrating and cannot come to a resolve with their emotions.
That's exactly why trading is so hard. It requires of a person to be both knowledgeable about whatever type of analysis he is applying, risk management and in control of his/her sentiments and psychology which is a huge obstacle.

[Gozie51]

A man that runs away from its challenges will meet same challenge upfront. Trading is not easy and not everyone should be involved in it. Many people are greedy because they feel that money can be made from trading but not every body have the passion. A trading investment is really volatile and everybody can't handle it.

[semobo]

It is the mistake from the trader himself so he need to hate himself first instead of hating the crypto trading but anyway just because someone is not interested or against cryptocurrency trading doesn't mean that it can be a danger to the whole cryptocurrency community. I used to see lot of people who got scammed when they attempted to purchase their first cryptocurrency which is bitter obviously but its their mistake to decide buying from unknown source.

[Twinkledoe]

It is the mistake from the trader himself so he need to hate himself first instead of hating the crypto trading but anyway just because someone is not interested or against cryptocurrency trading doesn't mean that it can be a danger to the whole cryptocurrency community. I used to see lot of people who got scammed when they attempted to purchase their first cryptocurrency which is bitter obviously but its their mistake to decide buying from unknown source.

A lot of us are guilty of buying some crap coins at one point. But it doesn't mean, that's the end of our investments in crypto. Unfortunately, some lost huge amount of money, that is why they felt exasperation with what they ventured on. That bad experience led to bad judgment and spread it to others not realizing, it is not the fault of the crypto itself but bad decision on his part. He should have understand first the risk management when it comes to crypto. But sooner or later, that person will realize his mistakes, and that will be his learning lesson in this market.

[GreatArkansas]

How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

For me, this is the major problem of the newbies starting to trade, most of their mistakes happened at the beginning, which for me it can be considerable, making mistakes, in the beginning, will help you to learn and grow.

So, traders started to lose some $ and indeed they will continue and correct their mistakes on their next trades, they ended up being greedy, becomes YOLO trade ( no risk management, all in always) and in the end, they quit.

I saw some traders that are always telling that "Trading is not how much you profit you make/loss, it's how you will survive."

[k@suy]

Do you know the main fact why most new traders lose in crypto trading? Because simply they thought trading would make them rich within a night. We thought we only earn from trading, we aren't aware of the risk of trading especially those who are newbies. Without enough patience, it's impossible to make money from trading. Although it's something like gambling but not fully depend on your luck. For crypto trading it does not just depend on luck, we should have basic knowledge about the crypto trend. If you ask me how many people lose funds in crypto trading, then I will say 60% of traders are in a loss and most of them are a newbie.

Personally speaking, i can relate with your statement mate that most of new traders looking trading as a way for an overnight millionaire simply because they thought that it could give them a fortune that they are looking for without even undergo hardships in trading. I myself interpret trading the same way too when I was a newbie and now I learned that it is not the way I think about it on first. For me the term run away when I fall or lose is not what I have done, I mean I just take the rest and find out what are my mistakes or simply learning from my mistakes before I move in trading again.

[electronicash]

he isn't the only that lose over time the seasoned traders sometimes also lose his position overnight but not entirely his funds its just the way it is sometimes you lose sometimes you win.

now when it comes to being an advocate against crypto trading, the crypto trading doesn't end. lets say he is the most popular influencer on the internet, can he stop people from trading?  ofc not. all he needs is to get back his feet and try winning back his loss.

[Zanab247]

As a genuine trader, you don't need to run away when you failed in your trade. Sometimes, it is a sign of progress to any investors that is experiencing such is to put more effort to his trade. I nearly give up on trade when I sold my coins in a cheap way early this year when the price of bitcoin hit $40k, but am still into trading system with so much experience.