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

[fauzan Ichsan]

If I lose in trading, I will not run from the loss. I will keep trying to trade. But I will take a break for a while to calm myself down and rest to analyze better than before in the next few days. That is important for us to learn from the mistake that we made before to know what we need to fix and have a better chance to make a profit. It is normal to lose from trading, but how we can deal with that is a matter that every trader can not do because that will be hard to accept the loss.

That is a good approach in dealing with your loss, knowing your mistake, find out what have you done working, and making a better analysis. Taking a break from having a consecutive loss is necessary for you to calm your mind and get out of the pressure because emotions have a big impact upon dealing with your trades. Loss is just part of our trades this became our lesson to not repeat the same mistake. Well, I can't blame that person who OP mentioned on his thread but I can't blame him, you should know your limitation, don't trade if you can't able to handle your loss.

I realize that is what I can do to prevent more losses and to deal with myself. If I lose, I will be sad and that can trigger my emotion to try more and more without thinking about stopping trading for a while. I can say this because I have the experience of losing some money in just less than a day but I still try to analyze the other coins. That makes my losses bigger, but fortunately, I got a phone call that makes me leave my computer so I do not lose all of my balance. Without knowing our limitations, we can use all of the funds to trade, leading us to lose all of the money.

Psychological control is needed in trading, when we are down like you, I think we really have to take a break and neutralize our thoughts, then we can start again and look for opportunities. If things go badly and we continue trading out of ambition, I think it's a gamble

[Kittygalore]

losing in trading is a good thing, because from that mistake we can take lessons, just like me, I once lost $ 500 in futures trading,

Unless it was an avoidable mistake and an expensive one because that means that your prospective career as a trader is going to get cut short. You don't even have to commit mistakes to learn, there are people out there that have made the mistakes,  learn from them.

[imstillthebest]

you want to encourge us here but why didnt you not encourage your friend first ? little success you achieve is still a success and its enough to inspire anyone to not give up .
how many traders you think are succesful now ?
thats also the count of the people that go back to check thier mistake because you cant be succesful if you continue doing the wrong thing  . running will make you a weak but if you are really a strong person you must prove it that you can face whatever problems that will come and solve it  .

[Slow death]

a few years ago I saw something unbelievable:

I saw a news story that spoke of a successful trader, that trader was so successful that he made a lot of money making a trade, but he took money from investors to increase his capital further and he lost while operate in Futuro and killed himself in the same morning.

it was a very shocking and sad story.

I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade

[Chato1977]

losing in trading is a good thing, because from that mistake we can take lessons, just like me, I once lost $ 500 in futures trading,

Then what happened?

and of course it really makes me disappointed, and feel frustrated, because I feel that I do not play in futures trading again and again,

You said that to yourself?

and I prefer the spot market with large capital, yes and from that mistake I learned.

meaning you are a good trader now? any tips ?

[beerlover]

I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade

Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.

I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.

I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.

[Mamun74]

Yes,I will run.When you can trade then your profit and lose will be both.So  you just have to learn from it.You need to more patience and move on.

[Sled]

I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade

Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.

I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.

I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.

That is exactly what we have to do. We ain't make trading perfect nor we are sure that everything will be fine and profiting, thus, losses are what we encounter in the latter part. But, if we aim to chase those losses even we know ourselves that won't work so well is not a good idea. That is much better to find a way, not in trading. There are a lot of ways to do it and running away for trading is not a shameful decision but it was the right move rather than pretending that we are still okay even though we are so bad already.

[sujonali1819]

To be honest (going away after loss or fail) it’s not a criteria of a professional trader. So who is a professional trader or who have atleast some basic ideas in crypto trading will not do that imo.

And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose

Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.

[rosebrand]

This is actually what happens frequently in crypto, people jump into trading when there hear testimonies of other people and eventually  looses all there got to trading which now makes them feel depressed and some even fall sick, but so bad not everyone take it as a challenge which there should face and come back to trading and sort out the reason for the lose, people give up so easily. When I was new to crypto trade I traded and got liquidated, I almost fell sick and stayed away for months and  came back to trading and still get liquidated but this time I took it up as a challenge and said since the market can take from me! I can also take back from the market which led me to making researches and met a boss who taught me of risk management, ever since I never remain the same, am now a successful trader making up profits from most of my trades, this is the power of knowledge and also not giving up.

[FanEagle]

I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade

Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.

I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.

I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.

I do the same thing, I really never feel pessimistic about my chances even when it drops in price. If you own bitcoin (and I own few more other bit coins like eth and bnb so forth) I know that even if I lose money today, I will earn it tomorrow, it is always a profitable business to keep some money in those things. Which means at the end of the day we are talking about something that will profit us, so why be sad about losing it.

Of course if you risk your money with leverages, margin trading and many other method where it is totally gone when you trade, you will lose money and be upset over it as well. How could you lose money if you only hold bitcoin and wait for it to go up? There is no way to lose that, as long as you can wait long enough time. So it is not about if trading and losing is bad, it is about how you trade and how you approach your losses.

[Quidat]

To be honest (going away after loss or fail) it’s not a criteria of a professional trader. So who is a professional trader or who have atleast some basic ideas in crypto trading will not do that imo.

And if anybody can not handle/manage the risk it’s really bad for him and at the end the trader end will be with lose

Personally I try to manage recover my lose when I fail in trade. Or If the lose goes to huge then try to hold the invested fund for long term.

I do have the same behavior as yours on the time i do really lose up money in trading then the thing i do commonly do is to try to rethink my strategies and trying to
plan on getting those back which would really involved lots of trial and error.Im not really getting into the point on where you do make it as a gambling
where desperation and getting out of control or being impatient just because you do lost money.I cant really blame off somebody with that because
its just normal for us to freak out but we should be mindful towards into our next possible move.

[blockman]

Running away doesn't make you weak or a loser when your trades aren't favorable and it's only just giving you stress. It's a way for you to recharge and rethink what could have been wrong with your strategies.
It's like you're just looking for a way to flush all of the stress that you have for you to have a better way of thinking which will make you have a fresh mind after you've taken a rest.

[goldade]

Ask any successful trader out there,  you'd realise that every single one of them have had trades that were not successful at some point or the other.  Only imagine if they had, because of that, quit trading. They obviously won't become successful traders that they are.
One of the reasons people lose so much while trading is actually they don't take risk management so seriously.  They consider it not necessary while placing trades and that's why they lose so much. If you'd ask me, setting stop loss is one of the most important form of risk management and it's benefits cannot be overemphasised.
If there's someone who's lost money while trading, take a break and cool off to help deal with your emotional health. Learn from hour mistakes and then bounce right back in.

[Hypnosis00]

If we just lose at once or two or three, that still manageable but if we find nothing has changed and the result still at loss, we better think to stop trading as this was not the right place for us. Quitting is not about we are giving up, it is just like we found out that trading is not for us and we don't need to force ourselves into this as we are certainly be losing again and again if we have to do it.
We decided to have the best and brighter future and deciding to leave trading is the smartest thing we did.
We failed in trading but who knows if we are good in the others. Just a need to find where we become comfortable.

[Rengga Jati]

Some basics for trading:
Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn

Those are at least that I always put in mine.  When we are ready with those,  we will not run after losing.  Losing is part of what we will get in trading,  even whales also ever lose.  But,  we must also take the lessons why we lost and make it for evaluating the strategy and decision

[boty]

Some basics for trading:
Ready for the risks
Not only thinking of profits
Smart fund and risks management
Spend only amount thay we can afford to loose
Never use loan or necessity money for trading
Be patient
Willing to learn

Those are at least that I always put in mine.  When we are ready with those,  we will not run after losing.  Losing is part of what we will get in trading,  even whales also ever lose.  But,  we must also take the lessons why we lost and make it for evaluating the strategy and decision

dont be a panic man, and train our mental, dicipline with our trade plan . maybe i add my point to complete your suggestion. with this key , i am sure we will able to face various wave in market , no big loss when make mistake. most of traders forget this point in my opinion and we have to traine our self so feel comfort when do it.

[andthereyou]

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)

I did not use leverage in my trading so I could not feel what he experienced. But I did have a losing trades but I did not ran or stop trading cryptocurrency. Instead it encouraged me to study more to improve my trading system.

[cyriljundos]

It depends on the situation maybe trying to figure out the graph first before i ran into that specific coin.  You can buy low sell low also if you go unto the deep of the coin you can simply make counter against losses. Sametimes if i fall i will choose another coin to buy to reclaim losses and be efficient in trading.

[ethereumhunter]

If I lose in trading, I will not run from the loss. I will keep trying to trade. But I will take a break for a while to calm myself down and rest to analyze better than before in the next few days. That is important for us to learn from the mistake that we made before to know what we need to fix and have a better chance to make a profit. It is normal to lose from trading, but how we can deal with that is a matter that every trader can not do because that will be hard to accept the loss.

That is a good approach in dealing with your loss, knowing your mistake, find out what have you done working, and making a better analysis. Taking a break from having a consecutive loss is necessary for you to calm your mind and get out of the pressure because emotions have a big impact upon dealing with your trades. Loss is just part of our trades this became our lesson to not repeat the same mistake. Well, I can't blame that person who OP mentioned on his thread but I can't blame him, you should know your limitation, don't trade if you can't able to handle your loss.

I realize that is what I can do to prevent more losses and to deal with myself. If I lose, I will be sad and that can trigger my emotion to try more and more without thinking about stopping trading for a while. I can say this because I have the experience of losing some money in just less than a day but I still try to analyze the other coins. That makes my losses bigger, but fortunately, I got a phone call that makes me leave my computer so I do not lose all of my balance. Without knowing our limitations, we can use all of the funds to trade, leading us to lose all of the money.

Psychological control is needed in trading, when we are down like you, I think we really have to take a break and neutralize our thoughts, then we can start again and look for opportunities. If things go badly and we continue trading out of ambition, I think it's a gamble

If we continue trading, we are only losing the money because of our ambitions to profit, but unfortunately, we are in high intention, leading us to choose the wrong coins to trade. Not many traders can stop trading for a while after losing in trading as they are sure that they can recover the loss in the next minutes. If they realize that taking a break will be the key to calm down, they can return to the market after that.