Gosgosking (OP)
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September 01, 2021, 06:56:25 AM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
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mk4
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September 01, 2021, 08:04:58 AM |
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You simply just remember that there's no guarantees of being successful when trading. Or not even just trading, with literally everything in life— relationships, businesses, etc. You simply over-perform while setting your expectations low.
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jossiel
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September 01, 2021, 09:36:03 AM |
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Acceptance.
Accept that there will be times that it won't be in your favor and it is happening to everyone. You can win some and lose some, that's the reality in everything not only in trading and investing.
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Ararbermas
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September 01, 2021, 10:25:49 AM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
being knowledgeable about trading is a big advantage, i mean you can handle such situations and perhaps you know what to do especially how to control your emotions. wherein there's no need to worry about it as long as you trade for long position.. If not then it's a big problem and the only choice you have is to hold until you regain the losses..
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Wexnident
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September 01, 2021, 10:47:16 AM |
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Accept it. I mean, unless you have a super magical power that turns back time or can magically hack the blockchain so that you can return back what you lost and be happy with that, then that's the only thing you could do. Though tbf, if you had the power to do one of those things, why the hell would you even bother trading lmao. Really, just accept it, move on. Close whatever your using in trading, get some sleep, read some books, play some games, then go back after calming yourself.
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Reid
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September 01, 2021, 10:52:00 AM |
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Not every day is a lucky day. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) There will always be ups and downs and if you know that deep in your mind then you won't be asking these questions. Most probably, you are not ready yet to absorb all the losses. We've all been there but with gaining more experience, someday it won't even budge you. Just keep in mind it is a normal thing to happen, just don't get used to losing more.
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michellee
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September 01, 2021, 11:33:21 AM |
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Accept the loss and take a rest for a while because at that moment, you will have a big sadness and it needs to calm down. And if you can calm down and think clearly, you can continue trading to recover your losses. Before you can calm down, I suggest you not try trading because that can attract you to get more losses without you realize. Besides that, you can gamble with your money as you can not analyze because your intention to recover your losses becomes bigger, making it difficult to recover the losses.
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sarmrakib
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September 01, 2021, 01:16:28 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Its not happen for a professional trader to loose a huge amount .I think its happen with the new trader who don't able to control his/her mind on trading and get huge profit at a time time and get a huge loss after that .Its a usual behave of the market that its always fluctuate and if it is crypto it will be much and more than other market .So if a professional trader loose his money he try to recover it from a secure way it could be money management or safe entry .So its a common thing for him and may be different story for new trader that he/she try to learn more to recover his/her fund .
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Fesatmas
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September 01, 2021, 03:26:27 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
A simple question from me: do you think of any other options before trading besides profit? That is the problem why every time you start trading, beginners are more dominant in thinking about profit and profit. In fact, it is not as easy as imagined. Crypto trading has the same risks as another trading where every time there is a profit there must be a risk of loss in it. Cultivate an optimistic attitude and don't get carried away easily just because you see a decline and then take action immediately or there are statements like this "it's better to lose than see the portfolio value decline". Remember that we are trading cryptocurrencies, not investing or trading gold with a relatively stable value.
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palle11
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September 01, 2021, 04:34:12 PM |
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Accepting loses is professional and being professional comes with experience. A professional trader put into the business the losing times and so when it comes, it is seen as part of the business just also when there are profit. The different thing about a professional and a newbie on this is that they use stoploss to cut down on the losses but a newbie don't and they will keep reacting on the losses if they still have balance though. We can see losses from good money management and it won't mean so much but it beats the heart if we have bad money management.
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NeuroticFish
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September 01, 2021, 04:56:39 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Actually a proper trader expects that the price can go south unexpectedly and uses stop loss mechanism. If this is done, there won't be a "huge loss". Imho the only ones getting huge loss are trader wannabes who don't know what they're doing and treat trading like it would be gambling. (I've been there too, long ago).
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Zilon
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September 01, 2021, 05:43:41 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
The same way you control your mind when your are on a winning trade. A profitable trader always decides how much he /she is Willing lose on every trade. If you consider profits alone in your trades then you are really greedy and not ready to make reasonable profits. Let your losses be a part of your trading portfolio this way you would limit your losses and maximize your profit
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el kaka22
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September 01, 2021, 08:23:44 PM |
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I personally do not really care because I know that there will be losses all the time, it is just the norm of the trading world and you get to have some losses time to time. Of course, if I end up having a horrible period and lose too much in a row that's sad but it doesn't change the fact that I will eventually make that back because there are also times I make a profit back to back for a long time as well.
It is just simple for anyone who has traded for so long, it is just a normal thing that everyone has to realize and eventually you will end up doing it as well. It is not really that big of a deal to lose after a while, like yeah first few trades when they are bad it upsets you but after the 1000th trade then you do not really care about it. I just grew to get used to it at this period and that is why I am feeling fine whenever I lose money trading.
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Hamphser
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September 01, 2021, 08:38:52 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
When you do step your foot into trading market then you should really prepare yourself about losses.Yes, its hard to not to make any reactions because we do lost money which we do really value that much and its impossible for you to play dumb but once you do gain sufficient experience into this market then you would really able to handle it out and instead of quitting or getting frustrated, you would rather find out solutions but not all would really be that capable. Being investor isnt something simple as it sounds which there are lots of factors that is needed to handle situations like these.
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Silberman
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September 01, 2021, 08:58:36 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
This is the thing, while no one can predict exactly what the market is going to do every single time we need to understand that the purpose of investing is earning money while at the same time losing as little money as possible, if you lose a huge amount of your capital in a short amount of time then it is obvious you did something wrong and you need to see what is wrong with your strategy otherwise this is going to happen again and soon enough you will find yourself unable to control your actions and your emotions.
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hugeblack
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September 01, 2021, 08:59:59 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
The problem is not controlling the mind, but rather the feelings that lead you to rush and make ill-considered decisions that may be incorrect. Emotional control is a science related to emotional discipline and a lot of people lose it when they start losing money because it is the cowardly party in their minds who controls things. Establishing a clear strategy and good plans before making entry, exit and selling options will reduce the control of emotions and thus increase your profits.
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Woodie
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September 01, 2021, 09:37:11 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Simple let go of a bad trade if it's running into losses, of course this will be the hardest decision to make but honestly it's also the smartest way to avoid an account being wiped into a total loss, so cut your losses. And in terms of control this comes naturally with time as we gain more experience and understand the art of trading better otherwise emotions are our own enemy.
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Shenzou
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September 01, 2021, 09:47:41 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
The easier way is to just forget it and take a break from trading and all that is related to it for a couple of days, that is why trading should never be used as a way to lake a living if you are not able to afford the loss, because it will affect your life in a bad way, because you would go into it hoping to change your life and become rich from it which is not always the case, so the best way is never to go in with huge amounts and just lower your expectations.
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Fatunad
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September 01, 2021, 11:23:41 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
The easier way is to just forget it and take a break from trading and all that is related to it for a couple of days, that is why trading should never be used as a way to lake a living if you are not able to afford the loss, because it will affect your life in a bad way, because you would go into it hoping to change your life and become rich from it which is not always the case, so the best way is never to go in with huge amounts and just lower your expectations. You should handle your emotion well because this will result into losses because of actions that you could possibly make when you are not on your right mind. When you do invest then be prepared on what are the possible things to happen ahead. When in anger or frustration then take some break and breath some fresh air and try not to be impulsive because just like what i said it will just create more rage and confusion which would lead to more further losses.
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Hippocrypto
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September 01, 2021, 11:57:38 PM |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
A huge lose was a disgusting feeling, some people even committed suicide when stress and depression went at worst case. When trading has been managed like gambling, there could be situations that you become uncontrollable risking all over funds for no assurance assets. Most often when there's profit, you won't be satisfied then look for another coins to trade without knowing you're losing much higher instead of gaining sustainable profit.
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