Zanab247
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September 07, 2021, 03:24:35 PM |
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Accept the losses and move on with your trade. It is a normal thing to am investors to experienced those two things in business know as profits and losses in the areas of investment. When investors experienced profits in their businesses they feel so much happy through out the day.it is good to remain in profit making in your business, if it can be possible. As a professional in trading, there is a way you can minimize your losses in your business and be happy with your lost because is not much.
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slaman29
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September 07, 2021, 03:49:23 PM |
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Which I even call the basic fundamental of trading (and even can be used in gambling as a max loss setting).
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. It's not really about being safer. Having limits doesn't reduce the risk of the actions you take (trading or gambling). It's about risk management, managing that risk by limiting the exposure of your capital. The first step before all that, of course, is to also apply the same golden rule of gambling to trading: put in only what you can afford to lose.
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Yamifoud
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September 07, 2021, 03:53:56 PM |
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Accept the losses and move on with your trade. It is a normal thing to am investors to experienced those two things in business know as profits and losses in the areas of investment. When investors experienced profits in their businesses they feel so much happy through out the day.it is good to remain in profit making in your business, if it can be possible. As a professional in trading, there is a way you can minimize your losses in your business and be happy with your lost because is not much.
If you are new in this thing, it is certainly hard to accept losses but that is how the market works, we lose and win. But if we don't give up and work on the mistakes, we can see success later. But somehow fainted heart easily to give up while those who are aware of this scenario will able to stay strong and find a way to recover those losses. That is why we don't be afraid to commit mistakes as this could help us to fully understand the market and even help us to become more careful on every decision we've made.
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jostorres
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September 07, 2021, 07:24:13 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
To me, loss isn't the real or biggest problem when trading. Loss is just a part of trading and even the best traders lose money while trading. The real problem is the reason behind the loss and understanding mistakes vs misfortune. If you invested in a coin that was expected to grow based on data and analysis but didn't that's a misfortune. If you invested in a coin based on emotions or FOMO, it's a mistake. As long as you reduce mistakes each time you make them and avoid getting carried away with a slight misfortune, you should be in net positive from trading. Of course, there are things you need to learn and the basics of fundamental analysis but from a psychological point of view, a loss isn't always a problem.
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Fredomago
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September 07, 2021, 07:54:13 PM |
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Accept the losses and move on with your trade. It is a normal thing to am investors to experienced those two things in business know as profits and losses in the areas of investment. When investors experienced profits in their businesses they feel so much happy through out the day.it is good to remain in profit making in your business, if it can be possible. As a professional in trading, there is a way you can minimize your losses in your business and be happy with your lost because is not much.
If you are new in this thing, it is certainly hard to accept losses but that is how the market works, we lose and win. But if we don't give up and work on the mistakes, we can see success later. But somehow fainted heart easily to give up while those who are aware of this scenario will able to stay strong and find a way to recover those losses. That is why we don't be afraid to commit mistakes as this could help us to fully understand the market and even help us to become more careful on every decision we've made. If you suffer from losses, it's always best to find the right way to fill it up with success, a test of being a trader is to have a strong heart to try winning back and recovered, most of those who quits who accepts their failures are unable to take back what they've lost inside this industry. We need to be more focus and dedicated if we want to succeed from this venue of investment, not all have the capacity to move forward. But those who survived can double or even much higher than the actual capital that they've used from this business. Investors need to work harder to improve their system. It helps a lot to continue chasing your dream success.
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Silberman
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September 07, 2021, 08:19:20 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. There is nothing wrong with thinking in a positive manner, but this is nowhere near enough, if you do not make any effort to try to reach your goals then this is never going to happen and you will keep losing money until the day you lose everything, so if you want a bright future to happen to you then you need to study the markets, and I really mean it as there are many people that just take a look at the market instead of spending hours each day trying to figure out why the market moves the way it does and without that then you are not really ever going to learn anything useful to help you in your quest to become a profitable trader.
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irsykes
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September 07, 2021, 09:47:46 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
Basicly, in trading we should prepare our physical and mental. I mean, maybe it is hard to do and easy to say, but that is what trader/investor really needed after knowledge and capital. Because if we not good in 1 aspect, bigger chance we made bad decision which can cause our lose. If me, if not ready yet, or at least not ready to lose yet in trading, i wouldn't do it because sometimes market is unpredictable.
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peter0425
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September 08, 2021, 03:02:36 AM |
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Controlling the mind for something like this is useless. Before deciding to trade mental preparation is very necessary, if you are not ready to accept failure and loss don't do it. All crypto markets have been very volatile, anything can happen. Red and green will definitely happen. When you feel lost and can't control it, it's proof that you are not mentally prepared.
Knows what your desire profit and losses this will save you from losing many chances. It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Basicly, in trading we should prepare our physical and mental. I mean, maybe it is hard to do and easy to say, but that is what trader/investor really needed after knowledge and capital. Because if we not good in 1 aspect, bigger chance we made bad decision which can cause our lose. If me, if not ready yet, or at least not ready to lose yet in trading, i wouldn't do it because sometimes market is unpredictable. never become a greedy person , that is your main action to take .. if you cannot control your desire then you will not succeed in crypto.
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zanezane
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September 08, 2021, 03:46:06 AM |
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The investment strategy is important to make a profit from the investment to trade if you want to make a profit by trading here you have to be tactful. Understand the market trends before investing the investor has to properly analyze the financial data of the organization concerned if you do not do it properly the risk of financial loss is high. This is why it is important to be mentally prepared and to plan through research by controlling your mind even then it is better to get down quickly even with a small investment.
That's an obvious thing to say, of course a strategy is going to help you in any kind of things that you're doing because it's making you money. Most of the advice that you gave is a mandatory thing for someone to have because no way that you're going to make a profit if you're not good in at least one of those advice.
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lixer
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September 08, 2021, 01:15:44 PM |
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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.
Never read that book or even heard about it, so thanks for summarizing it. I feel that the same points have been discussed many times though so nothing unique about it. I mean everyone knows that we must learn TA and FA before trading and then learn from mistakes and don't get hyped by profit. I guess the fundamentals of trading remain the same and every book we pick would be revolving around the same content. Sometimes a few books and guides are more concrete while some will play stories around the content to make sure the reader is hooked in.
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DarkDays
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September 08, 2021, 03:25:35 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
Best is to avoid being in that situation, but if you find you're losing it after losses remember this: 1) Don't be greedy - if you are and get rekt next time remember it 2) Have a plan - if you haven't it's on you 3) Don't FOMO 4) Try not to panic react And, most importantly, always remember the risks, and also the overall performance, don't isolate specific trade look at the bigger picture. If none of the above help, you must revise your methods.
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justdimin
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September 09, 2021, 11:24:50 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
The mindset of a trader is simple; nothing. If you are a good trader then you should not be feeling anything at all, you should be doing something like it is the most regular thing in the world, that way you would be basically trading without a feeling. You should be able to trade like you breathe, it shouldn't be something you do extra, it should be something that you do automatically. If you put any emotions in it at all, anything at all, then it will become a problem for you. This is why while you are trading the feeling should be nothing at all. I personally fail to do that, thankfully I learned to trade for a long time now and I am finally doing it well, even though I have huge emotions while trading, I learned to supress them and ignore them.
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suryana
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September 09, 2021, 01:51:03 PM |
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You must have the principle that every investment has a risk of either a large profit risk or a large loss as well. That's why many wise people say that invest according to your ability to lose it. This means that here, if we have invested, we are ready to profit and ready to lose. So if it is already owned by a trader he will definitely get back up and not repeat what was his failure.
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fullhdpixel
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September 10, 2021, 01:00:12 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 mindset of a trader is simple; nothing. If you are a good trader then you should not be feeling anything at all, you should be doing something like it is the most regular thing in the world, that way you would be basically trading without a feeling. You should be able to trade like you breathe, it shouldn't be something you do extra, it should be something that you do automatically. If you put any emotions in it at all, anything at all, then it will become a problem for you. This is why while you are trading the feeling should be nothing at all. I personally fail to do that, thankfully I learned to trade for a long time now and I am finally doing it well, even though I have huge emotions while trading, I learned to supress them and ignore them. That is what "should" be for a trader, but let's face it, it is not. Reality is that there are millions of people all around the world who make bad decisions in the crypto world, and they trade based one emotions which result with bad losses. What many people are forgetting is that if the bull run is big enough then even if you are a bad trader with big emotions running your trading, you could still make a good profit. I am not saying that it is profitable to trade with little knowledge and a lot of emotions but on the right market you could make a profit with even that. So a good market could be a lot more important than how you feel, if you feel nothing or a lot of emotions because a good market could make everyone some profit.
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bamb
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September 10, 2021, 01:39:47 PM |
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In order to be stable and focus in and out of gains and losses, you must accept the fact of life! There is no guarantee whatsoever that you will gain from your investment endavours, you just have to do your best and monitor the rest until you achieve your goals! And if the tide turn against your expectations, do what whatever you have to do to start again more intelligently and with clear mind!
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pawanjain
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September 10, 2021, 02:27:01 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
I have traded and made a lot of mistakes which has lead me to a lot of losses and trust me it happens with the best of us. The only way through it is to accept the losses and not repeat the same mistakes again. When you accept the losses only then you will be able to move on and continue trading normally. Also let's be honest here, there is no success without failures because failures are the stepping stones to success.
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Fredomago
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September 10, 2021, 06:08:48 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
I have traded and made a lot of mistakes which has lead me to a lot of losses and trust me it happens with the best of us. The only way through it is to accept the losses and not repeat the same mistakes again. When you accept the losses only then you will be able to move on and continue trading normally. Also let's be honest here, there is no success without failures because failures are the stepping stones to success. Regrets make it harder for you to think clearly. It will continue to drag you down and make you think that it will keep on happening. Just the same with the feelings when you keep making a good call and keep taking decent profits, you think that you are better and you'll going to make more money from your skills. The problem is when you start experiencing mistakes and misfortune, things that unavoidable even you really take good care of your research and you make it to the point that all the information needed is already taking place, shit happened right? whales and manipulators are good with emotional breakout, they can shake the market and even you are good there's still a chance that you'll fall from this kind of trap. Learn to move forward and accept that you are not perfect, percept and try to cope up with your losses by doing much deeper research and be an open-minded trader to make sure that everything will continue to move smoother for your success journey.
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Anonylz
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September 10, 2021, 06:26:13 PM |
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As a trader you must already prepare your mind for the good and the bad, otherwise it will be very difficult for you to get over the loss if you only picture profit in your mind and not lose, understanding the risk involved from the beginning helps to prepare you as a trader for any future consequences when it happens.
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LUCKMCFLY
Legendary
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September 10, 2021, 06:56:12 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
I think that in order to know how to manage losses it is because there was no prior control, that is why whenever I can I recommend that the trader must first think about how much money he is willing to lose, most people think that the first thing to do is is to calculate how much will be earned. Another thing is that you should not bet all the balance you have, I recommend only risking a maximum of 20% of the general balance, hence at least make 3 trades, and use the Stop Loss, the Stop Loss not to put it with that much percentage loss, which is much less than 10%, at least 8% maximum, and profit I always place 20-24%, if I lose I assume my loss, and if I win I do it with a good percentage, with the possibility of moving the Stop to keep earning even more.
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jostorres
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September 11, 2021, 06:11:50 PM |
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Best is to avoid being in that situation, but if you find you're losing it after losses remember this:
1) Don't be greedy - if you are and get rekt next time remember it 2) Have a plan - if you haven't it's on you 3) Don't FOMO 4) Try not to panic react
And, most importantly, always remember the risks, and also the overall performance, don't isolate specific trade look at the bigger picture. If none of the above help, you must revise your methods.
That second one is certainly one of the most important ones in the list. If you have a plan, "buy at x price, sell at y price" and can back that up with data, then you will most likely profit. The data is out there, if you search and study and find good data that shows you buying at X price is a good place to buy, and see data that shows selling at Y would be profitable then you will definitely make a ton of cash while trading. I personally can't do that very well, but I try to do that. I never buy a coin just because it looks like it will profit, that is not a good reason, having some "belief" on that project is never a good reason. Always have a plan with data backing that plan up. That way you could profit a lot easier.
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