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Author Topic: Losses in trading are nothing but Business expenses  (Read 653 times)
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September 27, 2021, 11:56:26 PM
 #41

I admit that you're mentally  strong and that is what is needed in trading. as long as I trade I realize that not every time I get a profit, it could be that I get a failure so that is a natural thing. It's true what it says that failure in trading can be considered a business expense. So if you get the failure, don't get too lost in sadness, get up and start again with a new spirit. make failure a lesson in the future so that you can trade better and make a profit.
You could learn from the other if you would like to since you really need an experience in order to get yourself up when you think you aren't trading good. Making a good decision doesn't come right away it comes from experience and you have to learn from that through losses. And trading isn't about winning always you just have to accept losses too but with minimal loss and the other way around that's how you will get a good profit in the long run.

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September 28, 2021, 02:39:39 AM
 #42

Good luck saying that to other people, how come is it business when you're the customer of the exchange? It's more like a freelance job rather than a business.

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September 28, 2021, 08:50:48 PM
 #43

I admit that you're mentally  strong and that is what is needed in trading. as long as I trade I realize that not every time I get a profit, it could be that I get a failure so that is a natural thing. It's true what it says that failure in trading can be considered a business expense. So if you get the failure, don't get too lost in sadness, get up and start again with a new spirit. make failure a lesson in the future so that you can trade better and make a profit.
You could learn from the other if you would like to since you really need an experience in order to get yourself up when you think you aren't trading good. Making a good decision doesn't come right away it comes from experience and you have to learn from that through losses. And trading isn't about winning always you just have to accept losses too but with minimal loss and the other way around that's how you will get a good profit in the long run.
Even the greatest traders do not make a profit at all times. Trading is quick and sometimes you need to take a loss to move on and make a profit on the next one. Even the long term investors, the best of them could end up having a bad year. Look at Warren Buffet, dude has been consistently making a profit for people for 6-7 decades and even had has down years, usually when the market is down but he does have those periods. So, that means if you try to avoid making any loss then you are also going to avoid making any profit as well.

Everyone needs to realize that making a profit means that there will be some periods where you will lose a lot of money but you will move on and keep on making a profit later on. What you need to focus on is not making a loss overall, if your overall is a loss after a while then that's bad, but if you have been trading for years, overall in profit, then making some loss here and there shouldn't bother you.

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September 28, 2021, 11:08:21 PM
 #44

It relies on the view of the trader.

There are traders that look at it as their daily job and others do consider it as a business just like you. There's a huge difference with that point of view.

Because the way businessmen view about their losses, they're making it a positive feedback to their strategy unlike someone who looks at loss as plain and outright loss.

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September 28, 2021, 11:10:04 PM
 #45

New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.

When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
That is the way it works, think for example of Messi which was for many years considered one of the best players of this era, was Messi perfect? Did he always made the right play? Did he scored every single shoot he made? And the answer to all of that is no, and yet he is considered to be one of the best players ever, why is that? And this is because of his consistency, and something similar happens when you trade, you do not have to win 100% of your trades, you only need to win enough of them for you to become profitable, and that is way easier than to try to make the perfect trade all the time.


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September 28, 2021, 11:50:46 PM
 #46

New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.

When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
Whatever kind of mindset you would put on as long it would be beneficial for you then that what matter most neither you do see it as an expense or would be simply a deduction on what you do learn about trading.

You should really be that serious on dealing with it and i agree on the sense it do treat as a business on where you do really need to take up something for the betterment.

Dont rush on things or deal up because this would really result into rush which would be ending up on bad decisions.

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September 29, 2021, 04:47:50 PM
 #47

New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way. ..

In this case, you will have to limit your expenses to a certain percentage, which will be set by you. But what will you do in this case if your losses are greater than you planned? Wouldn't it be easier to stick to your own trading strategy and the basics of risk management to avoid big losses?

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September 29, 2021, 07:18:10 PM
 #48

Well it is not all losses can be counted as bussines expenses, because sometimes when some traders losses some small amount of money, the consider it as business expenses and try put more effort to see if he or she can have gain by adding more capital in that same way he have some lost, that is, to take more risk, but must of this result to too much loose which cannot be considered as bussines expenses.

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September 30, 2021, 09:06:41 AM
 #49

New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.

When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
It’s simply losses. In business there is either gains or there are losses, so losses in trading is simply losses. Expenses is totally something else, and it means the cost that is required for something. Why I am saying that these things are different is because when you’re talking about expenses, it has to do with the price that you’re paying for something, there is a product that you’re getting and you’re paying a price.

But, when you talk about losses you’re not getting anything at all, you’re completely losing. Losses are also part of business, especially in businesses where the risks that are involved is high, if you’re getting yourself involved in such you have to be ready for what comes with it.

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September 30, 2021, 09:59:14 AM
 #50

Well it is not all losses can be counted as bussines expenses, because sometimes when some traders losses some small amount of money, the consider it as business expenses
That contradicts.

and try put more effort to see if he or she can have gain by adding more capital in that same way he have some lost, that is, to take more risk, but must of this result to too much loose which cannot be considered as bussines expenses.
If a trader losses and he knows that he can still recover it, he'll reinvest with another capital but if that fails for the second time. Then, it's better to take some rest and leave those losses. About the consideration of thinking that it's a business expenses, a trader can consider trading as a business and that's why the idea came.

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September 30, 2021, 10:21:39 AM
 #51

I don't think losses should be treated as business expenses,  that   would give trading a different name too! Let losses be losses, and by the way losses in trading are inevitable because so many factors are at play to give us a 100% win rate. Things like matket manipulation,  low trading capital or using the wrong risk management or over leveraging will all lead to a loss! AFAIK a loss is part of a winning strategy as this teaches us on how to take a similar trade should a trade setup present itself in the same manner and will shall know the best course of action. All in all business expenses can be planned unlike trading losses which tend to be incurred not on a planned basis.
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September 30, 2021, 12:33:41 PM
 #52

Well it is not all losses can be counted as bussines expenses, because sometimes when some traders losses some small amount of money, the consider it as business expenses and try put more effort to see if he or she can have gain by adding more capital in that same way he have some lost, that is, to take more risk, but must of this result to too much loose which cannot be considered as bussines expenses.
If they can see that it is a business expense instead of thinking about losing, they will try to profit to recover their losses by searching for the other coins that can potentially take profit. He will not easily add more capital when he loses but will try with the rest capital and if he has skills in trading, he will be able to make a profit back after losing some money.


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September 30, 2021, 01:28:01 PM
 #53

That's the proper mindset. Focusing on the losses that we'll have couldn't make our profits any bigger so we must only see it as a part of our trading journey or business expenses which is actually normal. Trading isn't always profitable since there will always be ups and downs and we should have the right mindset to deal with it.

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September 30, 2021, 10:13:58 PM
Last edit: October 02, 2021, 08:18:48 AM by Zilon
 #54

That's the proper mindset. Focusing on the losses that we'll have couldn't make our profits any bigger so we must only see it as a part of our trading journey or business expenses which is actually normal. Trading isn't always profitable since there will always be ups and downs and we should have the right mindset to deal with it.
It still depends on how much was lost and you can't be losing your capital or making little profit and call it business expenses it would look like one is only brainwashing his senses . I will only call it business expense if the lose is minimal and something both my wallet and my mind can withstand but anything above that needs serious attention and some reviews on where I might have gone wrong in my analysis

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September 30, 2021, 10:49:14 PM
 #55

It will depend on how many losses and what kind of loss you are in.
If we are continuing losing every time or most of our trading is lost, it means that there is something wrong with our strategy, decision, and also management. So, it is not only about loss, but the way we can recover and take lessons from losing.
Losing money always happens but we must not make it as usual, because we are trading to take profits, losing money is normal but we should better prepare ourselves to minimize losing.

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September 30, 2021, 10:52:40 PM
 #56

That's the proper mindset. Focusing on the losses that we'll have couldn't make our profits any bigger so we must only see it as a part of our trading journey or business expenses which is actually normal. Trading isn't always profitable since there will always be ups and downs and we should have the right mindset to deal with it.
We have to lose money and there's no business that always make money, because there's a competition in the market and you can't really outsmart everyone. I take trading seriously because my money is at risk here so I'm doing my best to have a good analysis before trading. Well, we need to have this kind of mindset to remain professional in trading and not just to panic every time you lose on your trades, you really have to endure that pain.

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October 01, 2021, 07:14:37 AM
 #57

I guess you could perhaps be correct in assuming that losses in trading are nothing but business expenses, however it depends on your business registration I think. Unless your business is trading, I doubt you can write that off your taxes. And if you decide to make it a trading business you might require a special license, especially if you live in a european county like Germany.

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October 01, 2021, 02:48:56 PM
 #58

That's the proper mindset. Focusing on the losses that we'll have couldn't make our profits any bigger so we must only see it as a part of our trading journey or business expenses which is actually normal. Trading isn't always profitable since there will always be ups and downs and we should have the right mindset to deal with it.
We have to lose money and there's no business that always make money, because there's a competition in the market and you can't really outsmart everyone. I take trading seriously because my money is at risk here so I'm doing my best to have a good analysis before trading. Well, we need to have this kind of mindset to remain professional in trading and not just to panic every time you lose on your trades, you really have to endure that pain.
Admittedly that this loss is an inevitable cost and maybe as you say, we were forced to lose money like in business when the market smoothness and demand are not able to supply us steadily, it is as erratic as the daily weather but one thing should still be understood is that businesses cannot lose too much, too much will agree to bankruptcy and many people have let themselves fall into bankruptcy, they lose not as a business expense, they lose as a way of betting and mortgaging the whole business. Business expenses from losses need to gradually decrease and turn into a plus sign in profits

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October 01, 2021, 03:59:35 PM
 #59

I would say it is not a business expense but school expense, that would be considered even better. When you are studying in college you pay a lot of money and do not even earn anything back, not financially of course because you do earn it back as knowledge. So, whenever you make a loss in trading, consider it as learning experience and that would be quite good to forget about it easily. This is why people should not be upset over the loses they make in the trading world, it happens and it happens to the most veteran trader as well so we should be seeing it as learning expense and forget about it.

Obviously one condition is that if you really think that it is a learning expense then you need to learn from it as well. Just because you write it off as learning doesn't mean you automatically learned something, if you end up not learning anything then you will not be making any progress neither. Look at what went wrong and learn why you made a loss and try to avoid doing that again.

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October 01, 2021, 06:26:49 PM
 #60

You never lose in the Forex Market. When you make profit, you earn money and when you don't you earn experience, which helps you to earn in the next trade and hence you never lose.
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