How many consecutive looses can you handle in trading?

[stadus]

In general, I try to avoid losses. The second stage of protection against losses is a small size of trades. No more than 3% of the total deposit.

I am doing something similar, I am avoiding losses and cutting losses, it's why I trade only with top coins... if I get trapped I just move an amount on a side, and sooner or later I get to my goal! I don't/rarely trade with unknown and unpopular coins and tokens, my trades are usually mid and long, as I said with top coins is easier to trade in my opinion... it's a bit waiting so patience is needed, but it works for me!

Yes. There are less chances to lose if you trade with top altcoins than those new and unpopular coins. But if you still end up losing like three times or more, i think the problem is with your strategy already. It may become less effective as the time goes by and as the market keeps on changing. So its either you level up your strategy or you build a new one that will definitely work on you.

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[nelson4lov]

In general, I try to avoid losses. The second stage of protection against losses is a small size of trades. No more than 3% of the total deposit.

When I started taking trading lessons and actually started to trade myself, I didn't follow these risk management rules about using 1-3% of portfolio size to trade. I didn't understand then because my portfolio size was not much so I had to risk even more in order to get something tangible as profits. I'm more of a swing trader so what I do to prevent losses is to ladder buy or sell g(since I also take leverage trades). That way, I get to average out my entry prices.

[blockman]

In general, I try to avoid losses. The second stage of protection against losses is a small size of trades. No more than 3% of the total deposit.

That's too low if you lose 3% as the threshold. But that's a good measure if you try to avoid losses and you're too conservative with it.
There are traders that can bear as high as 50% and more than that until they've come to realize that they've lost too much already.
While some, 5%-10% are their threshold to stop and they would take the day to stop and continue it tomorrow and so on.

[Webetcoins]

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

Yeah there will be no point of continuing with a strategy which is not capable of preventing consecutive losses. A strategy must be having more than 90% accuracy on profit making; which means if we trade for ten times then we may end up with losses only for one time. Otherwise, we need to stop trading immediately either for fixing the problem of your strategy or might look for an all-new strategy to adopt.

But, when you are adopting a new strategy then you should not go using it right away. You should first test on paper trading; this way it seems you must have back up plans for your strategy so that you may not disturb your trading routines when you change your trading strategies.

[palle11]

But, when you are adopting a new strategy then you should not go using it right away. You should first test on paper trading; this way it seems you must have back up plans for your strategy so that you may not disturb your trading routines when you change your trading strategies.

Trading is one thing that we keep falling out of sometimes no matter the amount of care you implore in it, you make a single mistake and you may have big regret. Despite the paper trading which is same as practice, if we don't understand how to control our emotions, we may keep having difficulty in it. So as we are doing paper trading, we can still practice with small amount to build real trading emotions.

[barbara44]

In general, I try to avoid losses. The second stage of protection against losses is a small size of trades. No more than 3% of the total deposit.

We all try and avoid losses haha, isn't it

By the way, 3% is a big amount to trade each time if you are actually serious about trading and doing it with a decent enough capital. I am not a prolific or experienced trader but I can clearly see anyone losing 10-12 trades during a rough patch and that would wipe half the capital.

I think it's not about consecutive losses but we should focus on making more profitable trades than losses and while the profits can be small we must also cut down on losses using stop loss to avoid emotions getting into the mix of all.

[savetheFORUM]

Trading is one thing that we keep falling out of sometimes no matter the amount of care you implore in it, you make a single mistake and you may have big regret. Despite the paper trading which is same as practice, if we don't understand how to control our emotions, we may keep having difficulty in it. So as we are doing paper trading, we can still practice with small amount to build real trading emotions.

Paper trading or demo trading is sometimes not effective because consciously we know that we aren't going to lose real money so the decisions we make are less thought and the panic is not there during market is down. On the other hand when you start trading with real money, even if in small amounts, there is a certain tension mounting on us that can't be learned or experienced during demo trading.

As most traders say, you cannot buy an experience in the market and that's what matters in crypto trading. No matter if you have a million-dollar bankroll/capital, it will evaporate like nothing if you lack experience and the pressure handling ability.

[carlisle1]

Trading is one thing that we keep falling out of sometimes no matter the amount of care you implore in it, you make a single mistake and you may have big regret.

Yes, one single mistake and you'll regret everything, trading is not simple and lots of people failed thinking that they can just easily made money out of it.

Despite the paper trading which is same as practice, if we don't understand how to control our emotions, we may keep having difficulty in it.

You can work with practice or demo account but in real action or real trade, emotion is the killer, with uncontrolled
emotions you'll probably lose your investment.

So as we are doing paper trading, we can still practice with small amount to build real trading emotions.

best thing to do is to try a little and see if you are capable working with this business, if you see that you can enhance
adding little by little in your funding will help you to increase your profits.

[gamer4156]

It's truly difficult to anticipate and make your own system, experimentation don't appear to work all things considered. I can make whatever number back to back misfortunes as could reasonably be expected less getting concerned. Possibly sequential misfortunes assuming that my past win rate was above 60% with a similar methodology.

[Pamadar]

But, when you are adopting a new strategy then you should not go using it right away. You should first test on paper trading; this way it seems you must have back up plans for your strategy so that you may not disturb your trading routines when you change your trading strategies.

Trading is one thing that we keep falling out of sometimes no matter the amount of care you implore in it, you make a single mistake and you may have big regret. Despite the paper trading which is same as practice, if we don't understand how to control our emotions, we may keep having difficulty in it. So as we are doing paper trading, we can still practice with small amount to build real trading emotions.

If I understand it right, both of you got that point in which will help traders to anticipate what the market will bring,

Practice your strategy using paper trading or demos will probably give you ideas about what to do when you already dealing using your money and in the other hand, using a small amount of investment to test if you are doing things correctly will enhance your chance to keep improving.

Both are useful, but yes, emotion is the thing that you really need to avoid whenever you are in this field.

[EdenHazard]

It's truly difficult to anticipate and make your own system, experimentation don't appear to work all things considered. I can make whatever number back to back misfortunes as could reasonably be expected less getting concerned. Possibly sequential misfortunes assuming that my past win rate was above 60% with a similar methodology.

Yupp but if you talking percentage ..

im  sure everyone must have one! so you would know your limit .. not just do trade and let's see later. that's dangerous, that's not a healthy trading.
set your limit based on the bankroll you traded, keep it above the green lines , otherwise you have to stop for a while to avoid a random guessing in trading.
40% be my limit out of total bankroll i have, it was 50% before.. but its too tight to make a comeback for me personally , so no matter how many times as long as it's stay on the green line .. i keep going!

[fullhdpixel]

Practice your strategy using paper trading or demos will probably give you ideas about what to do when you already dealing using your money and in the other hand, using a small amount of investment to test if you are doing things correctly will enhance your chance to keep improving.

Your suggestions are good but I have seen some people were already too dedicated and hard working but they were unable to consistently make profits; in this case I am always suggesting them to take a break at least for temporary basis rather than keep trying because when you have already put all your efforts but you could not get the desired results then you should go for break because that would at least give you some emotional balance and more importantly will save your capital for time being.

Sometimes our skills alone will not be enough for making profits in crypto trading but we should be emotionally balanced so that we could apply all the principles of risk management at the right times. For such traders taking break must be a right solution.

[stomachgrowls]

Depends on the size of the trade loss. There may be several small transactions, or maybe one, but for a large amount. Depends on conditions.

Several small transactions or in one trade then it doesnt matter because lose tolerance on each individual would really vary on personal judgement or preference whether they do completely stop or
could really make out some consideration and then proceed on.

So this would really vary on each someones personal preference or the temper or patience that they could have some could lasts long and some couldnt able to bare it out.

Speaking of mine then it does vary because we do have different jurisdictions and thinking on particular conditions which would really vary on each person.

[Benefactor]

Basically anything I believe isn't a breakout from an over the top ascent in volume or too little obstruction, I typically accept that it's me that is off-base. There is a period that not your procedure is the reason for your misfortunes yet once in a while is because of our feelings and wrong choice.

[sumant]

I don't think too many consecutive losses will happen in trading sometime by chance a trade will will definitely will go up. After all if I faced many losses then I will going to quit trading because of money or my understanding about trading. As personal I don't earn much money from trading but I love social media hardcore bounty this given me good money through promotion or airdrops.

[xmonkeyx]

It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

for me it only took 2 or 3 days. if I experience consecutive losses I will stop trading for a few days and forget everything and then start again, in my opinion when I experience consecutive losses it is not my trading strategy that is wrong but my own emotions that I can't control because greed wants to take more profits to cause mistakes then cost me. for me the best way to deal with it is to stop trading for a few days and forget everything before starting again.

[ReiMomo]

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

[Pamadar]

I can bear up to 2 looses. Have yes lost few trades but learnt from it. The lesson I have learnt is, choose the right coin and be patient to buy at deep and yes never sell at loss, hold the coin until it reaches up a certain profit which should be less than 10 percentage. When you usually buy at deep I mean at very less price, you have a lot chance to close off the trade with a reasonable profit when the value grows up. So yes market can move at any direction, only the remedy is the patience.

And when we say patience, it's not just a little but deeper to let you hold during the bear market.

If you fail to control your emotions, the next thing you will see is you are losing your money, winning trades compared to your
losing trade also counts, you should learn from each result.

The deeper you proceed, the more idea and strategy that you will learn. Make sure to use it to increase your confidence
trading should also be accompanied by enough confidence with your judgements.

[gabbie2010]

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

I think until all my money is gone i will stop doing trading. But i rarely do future trading so maybe i still can hold coins that i already bought. Because in future, big chance if we can get liquidated and it can made all our capital in future balance gone. But in spot, as long we not sell our coins, we still have chance and only need to hold our coins for better price.

My own way or method of trading is similar to yours, the reason is that, I use to try my own trading strategy with live account though with a small amount of fund, I don't subscribe to demo trading , once my money is gone, I will ensured I check where my mistakes occurred with possible amendment in my future trading, though I had already set my target once I started live trading with huge account, I set 4 consecutive losses as my minimum target once I incurred the losses I will quit trading for a while before coming back.

[Alisha-k]

The strategies used in trading is a very strong determinant to how much profits you make it or better still how much lose you run at also, but it's so sad that this are the little things people fail to pay attention to. If they're failing in their trading, the ignorantly think the market is bad generally.