How many consecutive looses can you handle in trading?

[Yamifoud]

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.

Exactly, the more confidence we have the more eager to learn more. In fact, losses are not totally a bad experience that we tend to worry about, but to consider this as a weapon for us to find ways to make our trade, strategies become better. It is something like a mirror of what we currently doing and obviously we need to change it, otherwise.
However, to say like losing 5 times in consecutive losses, I guess it wasn't healthy anymore. I mean, that was the sign for me/us not to continue anymore as very likely that we did nothing or even there is but it is not totally effective. I guess it is a need to rest.

[dunfida]

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.

You would really be needing that extreme patience when it comes to this not only on bear markets but also on making out profit taking conditions or situations thats why being versatile on certain conditions is a must.

Losing toleration would really vary on each person because not all would really be that patient in doing so thats why its personal preference on when they would be taking such action.

Losing is inevitable but you could possibly make it lessen if you do know on what you should gonna do even though its not perfect but could be handled out.

[Slow death]

if I were to make an estimate? I would say that I've lost more than 4000 times, yes I've lost many, many times for years, of course I didn't give up even continuing to lose, making trades is not easy. the person can take a course, the person can watch videos on youtube, but until you reach the level of creating your own strategy it takes years to lose

[tippytoes]

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.

You would really be needing that extreme patience when it comes to this not only on bear markets but also on making out profit taking conditions or situations thats why being versatile on certain conditions is a must.

Losing toleration would really vary on each person because not all would really be that patient in doing so thats why its personal preference on when they would be taking such action.

Losing is inevitable but you could possibly make it lessen if you do know on what you should gonna do even though its not perfect but could be handled out.

Losing in trading is always a part of the trader's life. But you can minimize or lessen such losses as you gain more knowledge or insights in this trading journey. The more years that you are in this market, the more tips that you can acquire and so it will assist you in your trading activities. I can't count my losses in trading and yet, I am still here. As you learn the market, you will prevent some possible big mistakes that you may possibly execute if you don't have those acquired knowledge or tips.

[qory]

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different strategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

[LastKiss]

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?

Well never think about this before, if I'm at a loss I can just hold all my coins and hope it will back to the same when I first bought it. Since I'm only trading top coins so I'm pretty confident that my coins will rebound, just wait when that happens. There's cut loss feature in some trading platforms that we can use to minimize our losses in trading 

[MIner1448]

As for me, here it is better to talk about the amounts, and not about the number of failed transactions, you can fail 10 transactions on small tori, or you can fail a large amount in one transaction, then after such transactions I am carried away to fiat and I do not go to the computer for a long time afterwards.

[Oilacris]

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.

There were time I say to myself I will just move on and let the day pass when I already lose on my trading, but most of the time I find ways to keep trading by shifting in other alts till I recover some of my losses. The market is too volatile that we will need to monitor as welll watch more potential coins chart thoroughly and see for ourselves whether we can earn from them.

Call it a day in short and dont force out on doing so if you do see that you are experiencing lossing trades on constant manner because we know that not all the days running would be a profitable one.

Even how good you are in trading or expert you would still have those kind of bad days thats why you should really be sensible on making such step.
Handle it out or else you woulc be fucked up on your trading capital.

Losing trades tolerance would really vary on each person because not all would really be that patient enough.

[Sanitough]

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

[lienfaye]

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

I agree, our strategy will depend on the market situation hence it is necessary to have more strategies to try and see what could be the most suited and effective to profit.

Sometimes losing is inevitable however there's always a way to minimize our chances to lose and that is by having a concrete plan and a strategy to execute.

Its not easy to become a trader. It takes a lot of guts and requires a long patience because we cant expect everything will go as planned.

[palle11]

A strategy is not "less effective" it is more like the strategy is not fit on the market situation and a different youstrategy is much more suitable than to it. But if the strategy failed at least 2 or 3 times I think I need to change something on that strategy and improve it.

This is the reason why a trader needs multiple strategies so he can use a strategy which will suit to the condition of the market. But if you think you are not making profits anymore even if you have used a lot of strategies, maybe its yourself that has a problem. If you can't be more patient, you'll end up in losses definitely. And always see to it that you are also growing in terms of knowledge and understanding of the market.

It takes extra ordinary courage to continue trading when you are making consistent losses , this can demoralize you and bring you into depression but in such situation trying to focus on the losses won't help but to look at the reason for losing then making a different system or strategy will be the best. Trying to get more knowledge and skill also help, I have read of stories of people who almost lost hope but they hung on and have lived past the losses now. Trading is about doing the right kinds of order and cutting short losses.

[goldkingcoiner]

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?

If you're making ANY losses in trading then by my standards, you definitely are doing the wrong kind of trading. At that point I would not call whatever you are doing trading but rather gambling. If you make a bad trade, the last thing you want to do is fomo sell/buy and flip flop around until your money is completely gone. If I make a bad trade, I hodl that and use other money to keep trading. At some point, you will be able to sell your hodl for a profit.