CaVO32
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September 11, 2021, 06:31:00 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. It is hard to count how much you can earn if you haven't finished executing your trades. But you can get an approximates if you have target selling price. That is, if the market is in favor with you, you can easily achieve your targets. However, in most cases, because you have no idea about the future of the coin, you will just depend on how the market behaves. But that is right, before you go in trading, make sure you have at least plans on what you want to achieve and how you will achieve it. It helps.
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SirLancelot
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September 13, 2021, 05:25:09 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
Well, you do not control the joy that comes after winning a trade it’s also the same way that you cannot control the pain that comes when you lose. Though you can lessen the pain that you will have to go through after a loss by following some strategies – you can make use of stop loss to cut your loss short, that way you wouldn’t have to lose too much when you make a mistake while trading. It’s best to control it before it happens, but if you let happen, then you’re sure going to feel the pain of losing your money. So be calculative of the steps you’re taking while trading.
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South Park
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September 13, 2021, 06:06:12 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
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. Unfortunately this is very common, one of the biggest mistakes that I see people making is to trade without a money management strategy and this is a huge mistake, after all one single loss can be more than enough not only to erase months or even years of profits but to make them lose money, then they get desperate by what happened and then begin to revenge trade only to lose even more money and this has caused more than a few suicides among the trading community.
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Wexnident
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September 14, 2021, 12:55:50 PM |
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Well, you do not control the joy that comes after winning a trade it’s also the same way that you cannot control the pain that comes when you lose. Though you can lessen the pain that you will have to go through after a loss by following some strategies – you can make use of stop loss to cut your loss short, that way you wouldn’t have to lose too much when you make a mistake while trading. It’s best to control it before it happens, but if you let happen, then you’re sure going to feel the pain of losing your money. So be calculative of the steps you’re taking while trading.
You don't really have to lessen the pain, or heck even ignore it. Accept it for what it is and acknowledge that you made a loss or a win, just that, don't let it influence your decision-making. Ignoring your losses and wins seems contradictory to using experience as the method to learn and grow, after all, if you simply ignore it, you're just going to repeat the same loss mistakes over and over. Accept, acknowledge and then learn from it. It's simply a method where you have a strong grip on your mindset, even with losses and wins.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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cryp24x
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September 14, 2021, 06:57:15 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
As an investors you should always apply DYOR(Do your own research) before getting involve yourself into something. Because having a knowledge about what you are entering in an investment form here in cryptocurrency can be an edge for us to earn in the future, but if not surely, your capital will be lose. That is why being an investors must be a risk taker.
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Quidat
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September 14, 2021, 06:59:21 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
As an investors you should always apply DYOR(Do your own research) before getting involve yourself into something. Because having a knowledge about what you are entering in an investment form here in cryptocurrency can be an edge for us to earn in the future, but if not surely, your capital will be lose. That is why being an investors must be a risk taker. A must thing and its just dumb that you do consider out on making investments without having proper research because if you do then you are just simply doing gambling in the first place. We are here on making profits but it wont really be simple as it sounds yet you would really be needing some research and analysis on which projects or coins in the market will you do tend to buy on.Dont anticipate that money making on this market is simple because it doesnt really work on that way this is why we should really be keen on making out steps.Dont rush up and always scale up your risk management to take some advantage.
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Emitdama
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September 14, 2021, 09:49:50 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 issue with most people is that they are always Expecting to make gains all the time, due to that when they lose it affects them negatively. But, if you have it in mind that there are risks involved in what you are doing, then you will be ready for whatever will be the outcome of it. So, I think the solution to this is that people should always be ready for what’s coming, they should understand that there are risk involved in trading cryptocurrency daily and they should invest what they can afford to risk, if not that way then they’re not going to be happy with what’s going to happen to them. Imagine when you don’t have enough money and you are investing all that you have, then you are going to feel the pain when you lose it.
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kapalmabur
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September 15, 2021, 05:14:42 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
As an investors you should always apply DYOR(Do your own research) before getting involve yourself into something. Because having a knowledge about what you are entering in an investment form here in cryptocurrency can be an edge for us to earn in the future, but if not surely, your capital will be lose. That is why being an investors must be a risk taker. Doing research and analyzing it is important so that we can make the right decision, and talking about risk, indeed in cryptocurrency the risk is big, I think everyone already knows about it, Dare to take risks and be able to manage them well of course that's a good thing
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Fatunad
Sr. Member
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PredX - AI-Powered Prediction Market
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September 15, 2021, 08:43:06 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
As an investors you should always apply DYOR(Do your own research) before getting involve yourself into something. Because having a knowledge about what you are entering in an investment form here in cryptocurrency can be an edge for us to earn in the future, but if not surely, your capital will be lose. That is why being an investors must be a risk taker. Doing research and analyzing it is important so that we can make the right decision, and talking about risk, indeed in cryptocurrency the risk is big, I think everyone already knows about it, Dare to take risks and be able to manage them well of course that's a good thing Earning money isnt really simple as it sounds even though you do see that lots had already making some profits but doesnt mean that it is really simple for you to do so.Of course this do really involves losing and profiting which would really vary on how well you do deal off with your investment and this is something which do differ on each person. Always mind off about the risk because this had been always the main priority before diving or stepping your foot into this market.
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nurilham
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September 15, 2021, 10:58:15 PM |
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I agree with that, therefore I assure myself that there is a risk or failure and that our mentality is the most important thing in trading. if we get defeat and feel burdened and also give up then it will not work. it's natural that at the beginning we will surely get failure but we can learn from that failure. Making a profit in trading is fun, but learning to be mentally strong with the possible risks is equally important. So don't be in too much of a hurry to get big profits and forget everything.
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Benefactor
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September 16, 2021, 04:15:08 PM |
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That to ponder moment rich, is way unthinkable. obviously, we can make some benefit in exchanging yet you can't get in a moment, it requires months or even a long time contingent upon you. You can win a few and lose a few, that is the truth in everything not just in exchanging and contributing. Continuously consider it, and afterward you will perceive how alright imperative to control feelings in crypto exchanging.
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Dewi Aries
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Leading Crypto Sports Betting & Casino Platform
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September 16, 2021, 09:46:38 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
I will take a rest. Because if we forced ourself to get that losses back, big chance we made another mistake and then get bigger lose. Better to stay a while from a market, and if we know 1 important rule in trading which is we use money that not used to daily life, we shouldn't be worry with waiting for market and ourself in a good condition.
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Ziskinberg
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September 16, 2021, 10:45:34 PM |
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I agree with that, therefore I assure myself that there is a risk or failure and that our mentality is the most important thing in trading. if we get defeat and feel burdened and also give up then it will not work. it's natural that at the beginning we will surely get failure but we can learn from that failure. Making a profit in trading is fun, but learning to be mentally strong with the possible risks is equally important. So don't be in too much of a hurry to get big profits and forget everything.
Honestly, not all have the guts to change their mindset but rather to keep it for their whole life. It wasn't new to us why many traders are quitting and losing big amounts as they can't afford to change it. This is to show how important to have that positive mindset over a negative mindset as this could surely affect decision-making. If we keep negative, I don't know if there is a reason to stay in trading but rather to let it go and find a place where we can maximize our knowledge and skill as this place wasn't the right place for us.
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martina14
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September 17, 2021, 04:13:18 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
Generally, all investors are aiming to have a good return to their own investment here in cryptocurrency. But not all their investment goes well in the end. In fact, the majority of them failed for what they chose in the project to invest in. So, the better way for them not to hurt so badly in their huge lose, is to accept the fact that here in crypto space you must ready for the assets you will buy that in the end there's a high chances that it will be gone. Therefore, they must be a risk taker.
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Alexmagn84
Member
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September 17, 2021, 05:17:47 PM |
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However, i think its occur with the new broker who don't ready to control his/her brain on exchanging and get colossal benefit at an at once get a tremendous misfortune after that .Its a standard act of the market that its consistently change and in case it is crypto it will be a lot and more than other market. The distinctive thing about an expert and a novice on this is that they use stop misfortune to eliminate the misfortunes yet a beginner don't and they will continue to respond on the misfortunes on the off chance that they actually have balance.
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South Park
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September 17, 2021, 10:09:43 PM |
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I agree with that, therefore I assure myself that there is a risk or failure and that our mentality is the most important thing in trading. if we get defeat and feel burdened and also give up then it will not work. it's natural that at the beginning we will surely get failure but we can learn from that failure. Making a profit in trading is fun, but learning to be mentally strong with the possible risks is equally important. So don't be in too much of a hurry to get big profits and forget everything.
Honestly, not all have the guts to change their mindset but rather to keep it for their whole life. It wasn't new to us why many traders are quitting and losing big amounts as they can't afford to change it. This is to show how important to have that positive mindset over a negative mindset as this could surely affect decision-making. If we keep negative, I don't know if there is a reason to stay in trading but rather to let it go and find a place where we can maximize our knowledge and skill as this place wasn't the right place for us. Quite honestly that is the difference between those that achieve success and those that do not, it is inevitable that at some point we are going to suffer a loss but that is not the problem, the problem is how do we react to that loss? And the majority of people react negatively to it, while someone that has the mentality of a successful person is going to see an opportunity to improve themselves and whatever strategy that they are using to trade the markets, and anyone that doesn't have that kind of mentality is fated to lose their money to the markets.
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adzino
Copper Member
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September 17, 2021, 11:25:13 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
When it comes to any sort of investment, the first rule is to invest only money that you can afford to lose. If you can't afford to lose it, then don't invest. So investors that makes a huge loss doesn't care much about the loss because they were already prepared to lose whatever they have invested. What they do is try to understand what went wrong, accept the fact that they have lost the money, can do nothing about it and then moves on. Some stops trading, while others starts all over again.
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Oilacris
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September 17, 2021, 11:32:51 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 it comes to any sort of investment, the first rule is to invest only money that you can afford to lose. If you can't afford to lose it, then don't invest. So investors that makes a huge loss doesn't care much about the loss because they were already prepared to lose whatever they have invested. What they do is try to understand what went wrong, accept the fact that they have lost the money, can do nothing about it and then moves on. Some stops trading, while others starts all over again. This had been the golden rule specially in crypto market or any other forms of investment on where you do really need only to invest on what you could afford to lose but of course we would really be doing our best not to end up on that path and would do our best to sustain at least. Losses are inevitable and thats why you shouldnt really easily give up in case you do experience this one.Instead it would be good that making those mistakes to be your learning curve so that in next time you are aware on what might possibly happen next.
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B-Bit
Jr. Member
Offline
Activity: 65
Merit: 5
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September 18, 2021, 02:55:42 AM |
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Not all investments will succeed in investment. When investment fails, we should find the reason and learn from experience. Don't invest because of feelings, learn to control yourself. One of the best advantages of investors is that they can control their emotions, have a good attitude and patience. Will not give up good opportunities because of bad investments.
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South Park
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September 22, 2021, 09:33:39 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
When it comes to any sort of investment, the first rule is to invest only money that you can afford to lose. If you can't afford to lose it, then don't invest. So investors that makes a huge loss doesn't care much about the loss because they were already prepared to lose whatever they have invested. What they do is try to understand what went wrong, accept the fact that they have lost the money, can do nothing about it and then moves on. Some stops trading, while others starts all over again. That is a very common advice but unfortunately it is not really one that most people can follow, if you invest in bitcoin all your savings that it took you years to accumulate can you really afford to lose them? And the answer is a clear no, this is what makes a lot of people fail in trading, those that are rich and are only investing a small amount of their capital here are not worried as the price goes down as they can afford those losses, but for your average person this is not possible so they panic and take bad decisions when the best thing they could have done is to just hold their coins.
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