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September 05, 2021, 08:58:16 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 person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money
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Oceat
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September 05, 2021, 09:37:06 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
For whatever loss you make, put it at the back of your mind that a day will come you'll make profit in a way you never imagined and that absolutely will cover for your loss in the past. Know this and know peace in crypto. To put it in a simple way, one must learn from their mistakes or they will just keep repeating the process until they are all drained out. If you think trading is a way to make an easy money then you are wrong. You should study the movement of the market first before making a trade and don't think that you will always get a profit when you are trading it's not good day always. Don't think that trading is like gambling if you think you need more luck in order to gain profit, it's not like that. One should do some technical analysis especially in the crypto market since Bitcoin's volatility is quite fast.
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lalabotax
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September 05, 2021, 10:46:44 PM |
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It will be based on how well he manages himself before investing. The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price. Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest. Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on
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Viscore
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September 05, 2021, 11:39:15 PM |
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It will be based on how well he manages himself before investing. The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price. Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest. Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on
Crypto trading cannot guarantee profits most of the time so better expect more losing experiences than gaining profits. It is indeed a self motivation first before deciding to invest or trade so you won't come in the market often losing because you have not prepared for such circumstances. The moment you entered into crypto investments or any kind of investments, prepare yourself as things might go wrong far from your expectations. For me, just don't let your emotions controlled your whole mindset. Be flexible and learn to take things the other way around if things don't go out as planned. Be positive and stay focus to your goal.
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Cherylstar86
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September 06, 2021, 05:12:12 AM |
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It will be based on how well he manages himself before investing. The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price. Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest. Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on
Crypto trading cannot guarantee profits most of the time so better expect more losing experiences than gaining profits. It is indeed a self motivation first before deciding to invest or trade so you won't come in the market often losing because you have not prepared for such circumstances. The moment you entered into crypto investments or any kind of investments, prepare yourself as things might go wrong far from your expectations. For me, just don't let your emotions controlled your whole mindset. Be flexible and learn to take things the other way around if things don't go out as planned. Be positive and stay focus to your goal. Indeed. Crypto Trading is not always earning huge profit but also to expect loses. Trading have a lot of opportunities to each one of us but always remember that there is also risk once your in it. Discipline also is needed in trading since prices are not stable. Discipline and self motivation is needed to make a good decision or to create a better plan on what to be your next move after losing money. Acceptance also for you to accept that there will be times that it won't be in your favor but it is also happening to everyone. You can win some and lose some. That's the reality of everything not only in trading and investing.
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kanayaTabitha
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September 06, 2021, 05:17:31 AM |
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Never put anything you have into one basket, in crypto the investors would probably lose all the assets if they are doing that. Because no one can predict the pricce movement of crypto and it's important for us as an investors to split our investment to several good coins. And also if evertyhing bad happen in the future, just move on and take that as a lesson to rise and more profit ahead
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Wawa2013
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September 06, 2021, 05:23:51 AM |
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~
Turned things into positive vibes, much better to treat it that way instead of regretting and keep living from your past, your mistake is not forbidden that you should always need to dwell with, instead, take yourself to find wisdom from it and start building yourself a good counter in order not to do the same mistake again. Many traders who are now succeeding do also experienced mistake or losses before they can say that finally they find the right pattern with their investment. Keep focusing and always find good reason to continue chasing your dream success. Being in regret and difficult to move on, it will only make our thoughts more negative and of course will have a bad impact on trading which we do. I agree that we should indeed turn the bad things we experience into positive vibes. If our mindset is positive, making a profit from trading is not a difficult thing. Positive things can change us to be wiser in making decisions and can also prevent us from making the same mistakes. So how difficult are the problems we face when trading, must be able to control our thoughts to stay positive, that's one of the best ways to make us successful traders. In my experience, once you executed your trade, move on and don't look back. Because if you will check again and again and you found out you should have gained if you wait a lil bit longer, your head will go crazy. I've been in that position many times but I always tell myself, once I traded, that's it. I can't go back and fret about it. Just look for other opportunities, and keep in mind that in this trading market, there will always up and down movement and it is up to you how well you catch those good timings. But once it is done, it is done. Don't blame yourself for making the wrong move because you don't know what will happen next in this market. Letting go of the trades we have done is indeed a good thing to do, because it can make our minds calmer and easier to move on. Overthinking trades that have already taken place, it will only make us stressed and difficult to think positively. The past cannot be changed, but we can fix the mistakes of the past. So always be optimistic when trading, how much we fail, don't think too much. Because there will always be many opportunities for success in the future. As long as we try to give our best when trading, success should come someday.
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sherenikaw
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September 06, 2021, 02:16:23 PM |
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We must realize that not all things go according to our wishes. the most important thing is not to panic. if we panic it will mess everything up and it will certainly be bad for our assets. we must also remember that it is not always a profit, there will be times when we get a loss and we must also be ready to accept it. besides that we also need to increase knowledge about trading so that we can trade properly. Prudence and patience are the keys to being able to control emotions, plant them well in us.
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Hobo66
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September 06, 2021, 05:49:47 PM |
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There is both success and lose in trading. As a good investor you always will prefer a strong and successful coin for investment. You will select coin with powerful base and foundation. If the coin pumps a successful investor decide to sell tha coin which he buy at low price and has chance to earn money.
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Sweetbtc
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September 06, 2021, 06:09:41 PM |
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Mate! in trading no one can say perfectly about a coin that what will be the coin behavior. Will it go to the moon? Or it will go down? Because all the trading is volatile and you have to keep in mind always that truth and whenever you are going to take it happen, then only you will be tension free and mind will be ok.
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slaman29
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September 06, 2021, 06:17:05 PM |
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the person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money
Which I even call the basic fundamental of trading (and even can be used in gambling as a max loss setting). If you're not using stop loss, you're not a trader. Simple. Even entry point should be a limit order in my opinion. Anyone trading pure spot and leaving trades without stops or limits, that's just asking for trouble.
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Fredomago
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September 06, 2021, 06:42:01 PM |
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the person must never forget the best weapon against losses: STOP - LOSS is the most important thing as soon as the person intends to buy a coin the person must already have in mind the region where they will put the STOP - LOSS, do not buy coins and forget about put stop - loss... there are cases where bitcoin can drop very suddenly and if the person does not put STOP - LOSS the person can lose a lot of money
Which I even call the basic fundamental of trading (and even can be used in gambling as a max loss setting). If you're not using stop loss, you're not a trader. Simple. Even entry point should be a limit order in my opinion. Anyone trading pure spot and leaving trades without stops or limits, that's just asking for trouble. That same principle which also being used for gambling a basic or very common, limiting or setting up your target for both profits and losses. If you have that capability, you are safer than those who are not using these features. Stop and loss if being played well can deliver decent benefits, from the side of benefiting you are well assured that you earned to how you expect the market movements, while with losses, though it's really tough since volatility affects the movements but in some point it's best to have it as you go further the damages might not be acceptable.
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doomloop
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September 06, 2021, 07:42:53 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 very funny to me honestly cause I need to ask you if you are really a trader or just a prospective trader. Maybe after you have lose some few dollars, you'll know how it felt like to control one's emotions doing trading with bigger loses. Making loses in trading is not a taboo or a sign of being a weak trader, but the understanding of how trade works is important when loses come onboard. I would want you to read a book called The discipline trader by Mark Douglas. The book will open your eyes on how trading works and how to control your mindset when trading, whether you are in profits or loses. It is a great book if you are already into this and want to make a bit more improvements on how you handle things. However that book will not suddenly make you emotionless, it will tell you how to trade and how to behave but just because you are told doesn't mean you will do it. I can summarize it for someone who never traded before and help them for their first 2 months by simply saying; learn the TA part of the trading first, then start trading, if you have a loss check why you did and learn from it instead of feeling sad, and when you win then just move it to the next trade, keep a robotic mindset on what you win or lose. Yes this is it, if you could do that then you are already done with the first few months of your trading life, which not many people can do unfortunately, this is why book is a good book saying what we have been saying here, but not really anything exceptionally new.
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kapalmabur
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September 07, 2021, 08:32:43 AM |
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There is both success and lose in trading. As a good investor you always will prefer a strong and successful coin for investment. You will select coin with powerful base and foundation. If the coin pumps a successful investor decide to sell tha coin which he buy at low price and has chance to earn money.
That's for sure and I think every trader has experienced getting a profit and vice versa also getting a loss, because in trading a strong mentality is also very important, Finding coins like that, of course, must go through effort, namely by analyzing and researching coins
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john_nautica
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September 07, 2021, 11:12:33 AM |
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First of all as a trader you should expect that you will be losing since not all trades are accurate also you can avoid a big losses by of course having a simple stop loss. In doing technical analysis you shouldn't just be looking on how the coin would go up and but also would go down. Either way you can earn from whatever the market is showing through long and short positions, so discipline of using stop loss and discipline to accept losses is one of the great behavior in doing trading.
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junmisakiro
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September 07, 2021, 12:42:18 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 want to trade, of course, a trader must be prepared to accept losses, so the ability to accept losses is a very important part of trading and by understanding this, so I don't think their traders will do stupid things like wanting to take revenge for the losses they are suffering.
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imstillthebest
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September 07, 2021, 01:36:31 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 want to trade, of course, a trader must be prepared to accept losses, so the ability to accept losses is a very important part of trading and by understanding this, so I don't think their traders will do stupid things like wanting to take revenge for the losses they are suffering. trading is like a gambling so yeah and if we accept that we can loose , loosing big wont be a big problem to us anymore but unlike gambling i think that its more possible to make a revenge in trading because the prices theirself can recover and you wont be doing any stupid things other than waiting . if we we want to trade and we dont want to loose big , we can always trade with smaller amounts .
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jamkesmas
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September 07, 2021, 01:53:41 PM |
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A good trader is a trader who can control his emotions both when he makes a profit and when he experiences a big loss, usually traders who already have mature experience will stop for a moment and will improve their trading techniques including analysis when they experience losses, so experienced traders they will do this to control their minds at the time of suffering loss.
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palle11
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September 07, 2021, 02:22:30 PM |
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Prudence and patience are the keys to being able to control emotions, plant them well in us.
I can bring to your information also that as far we talk on trade, we must make some losses. Sure yes that prudent is good but no matter how prudent we try to be, we must encounter losses but to manage ourselves not to get huge shock is why money management is good as losses are unavoidable in trading. You don't run away from your passion because you had a lose.
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checkmatesir
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September 07, 2021, 03:16:17 PM |
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Loss is a part of trading, if there is no loss then we didn't call it trading even we didn't made a single loss because first one you have to learn from your losses and another one is that you have to get experience from losses. But as you had seen most of the traders lose hope and quit their trading which i didn't think is a best solution.
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