Enter the market with a loss mindset~what you can afford to lose

[abel1337]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

Same, I am also doing the same thing. Putting capped on a budget is a necessary thing to do in what ever activity we are doing whether it's Trading, Gambling and Investment. We should have a balanced budget on things we are doing. In my case I have allotted more budget on gambling, I don't go beyond my budget.t Going beyond our budget means over playing and this could result us falling deeper.

[1714884296]

1714884296

[1714884296]

1714884296

[sovie]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

Same, I am also doing the same thing. Putting capped on a budget is a necessary thing to do in what ever activity we are doing whether it's Trading, Gambling and Investment. We should have a balanced budget on things we are doing. In my case I have allotted more budget on gambling, I don't go beyond my budget.t Going beyond our budget means over playing and this could result us falling deeper.

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned  money one can help someone struggling with inflation. This is rainy season and many people need a lot of help.

[Ziskinberg]

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned  money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

[kapalmabur]

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned  money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

That's true because basically losing money is also part of trading and it's inseparable,
that's how trading is and we can't keep making profits,
don't make a loss or lose money as a step to give up and it's better to use it to learn so that in the future you can trade more optimally

[sovie]

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned  money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

That's true because basically losing money is also part of trading and it's inseparable,
that's how trading is and we can't keep making profits,
don't make a loss or lose money as a step to give up and it's better to use it to learn so that in the future you can trade more optimally

Losing your hard earned money is not an easy thing.
At least I don't have a stamina to lose any money - I am not sure how people are courageous enough to lose their money.

[TheUltraElite]

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

The losing is a lesson for many people. Those who are willing to take the risk understand gradually that taking risks is not always profitable while less risky steps are possible.

The wrong step is investing in coins that have never been known to public and then putting in a lot of money in that. Don't expect such coins to go big, you will make a mistake.

While there are people earning a lot from such risks knowing where to stop is important too.

[sumant]

In market like crypto this losing minedset is always necessary because of crypto has come very down that everyone has make some loss. In crypto when you put money you should be ready for any losing because in crypto anything can happen. In crypto we put only that money that we afford to loose. If you take more risk then you will find more loss.

[mayfair_coin]

I also agree that there has been a downturn in the cryptocurrency market and no one wants to buy expensive and sell cheap, so for this u have to be patient that if  the market goes down then do not panic after seeing that what will happen now if u sell now otherwise it will be loss, if they put their mind then they can make profit

[taufik123]

I also agree that there has been a downturn in the cryptocurrency market and no one wants to buy expensive and sell cheap, so for this u have to be patient that if  the market goes down then do not panic after seeing that what will happen now if u sell now otherwise it will be loss, if they put their mind then they can make profit

everytime I read posts of member I feel envy - people have so much resources and they have so much savings to spend on entertainment.
we don't have such saving to spend on entertainment many people live pay cheque to cheque and that is how they manage their living.

why have feelings of envy towards other people who have a lot of resources and few savings. They have also been in your position and of course to get many of these resources requires process and patience. You just need to invest and grow those investments. If we only complain and compare our lives with others, nothing will grow.
Getting the results of losses or profits is normal, we must be able to control what comes out and can manage what comes in.

[lalabotax]

Enter the market with a loss mindset~what you can afford to lose

Can you explain the title?
Do you mean "Use the money that you can afford to lose" is a loser mindset?
TBH, I don't see something wrong with this mindset, it is only a secure way to use your funds in crypto investment or trading.

Since no guarantee to succeed in crypto investment or crypto trading, it is very risky to use your main money. Avoid using excessive funds is a true way to be safe, we can minimize to lose huge money in this way. You don't think that all people are smart enough to invest, some still need time to learn. Especially for newbies, using free money is an ideal way of investment/trading.

[Mauser]

I fully agree with you, excepting to make a profit as soon as we buy a coin is not realistic. The market is very volatile right now and we need to prepare ourselves to make get affected by sudden movements. As long as we are not selling we are not realising our loss. That is why the HODL strategy is so good for any new investor. With it we are not facing the risk to sell a coin at the wrong time. Personally I keep around 80% of my crypto coins in a long term wallet with sole purpose of HODL. Only in case of a emergency I would consider selling some. The remaining 20% I use to trade more actively and gamble with it. Over the years HODL has been a very successful investment strategy and it helps to reduce the stress when prices are falling, we don't need to listen to our brain telling us sell as soon as a position is red.

[tygeade]

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

The losing is a lesson for many people. Those who are willing to take the risk understand gradually that taking risks is not always profitable while less risky steps are possible.

The wrong step is investing in coins that have never been known to public and then putting in a lot of money in that. Don't expect such coins to go big, you will make a mistake.

While there are people earning a lot from such risks knowing where to stop is important too.

If you know where you are looking at then you would know why you lost. I remember when I first started learning about trading, I learned a way and I learned it so backwards that each time I picked a coin, that ended up going down directly, not up.

The market wasn't that bad neither, but turns out I was looking at the other way around, so what I should be looking at was exact opposite, and not what I looked at. This caused me to lose only tiny bit of money but I flipped it on the other side and made a good amount of money that way. This is of course not a guaranteed thing, hence why I do not believe that it should matter all that much, but you need to go back and learn like I did.

[LUCKMCFLY]

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

what should one do if someone is going through terrible financial crisis and it is hard to survive in this inflation?
I think I am at the brink - where there is nothing to lose at all. The inflation is eating me up like crazy

In the face of inflation, what must be done quickly is food and save, because that is what must be guaranteed, then try to buy things that people do not look for, because later they will and they can be sold at a price where they guarantee that of a profit, and if they have some money, the best thing in my case and as personal advice is to pour that money in BTC, but be careful, place that money in BTC and make that money get lost or spent little until BTC don't go up enough don't get rid of that money until you have enough money in profits, that's a way to be able to survive inflation and obviously generating businesses that make money fast.

[TheUltraElite]

I am not sure if people have some extra money and they put them in to the block of money to loose ...
i cannot afford to loose a single penny - however I have been robbed and snatched many times but yet I never had an extra money

Nobody has extra money because the phrase itself is wrong. The point is that people allocate a fraction of their entire income toward risky investments while the rest is kept safe on savings.

Being able to lose that money is what drives their investing attitude. It is something they can afford to lose. However you might not be in a similar situation but investing in Bitcoin is pretty safe if done at proper researched low prices.

Sorry to hear that to have been robbed a few times, can only advise you to stay safe.

[ItsCrafty]

If you are trying to do trading then it is necessary to set your mind and keep in mind that what will be possible, there is success but has also possesses defeat because volatility is on peak. Your reactions will always be dependable on your thoughts and you should focus on what you desire. Those who remember their losses sometime become the cause of their further loss, so it is recommended that if you fail to get cash while trading certain coin then try to forget it and work hard for next step.

[Lanatsa]

If you are trying to do trading then it is necessary to set your mind and keep in mind that what will be possible, there is success but has also possesses defeat because volatility is on peak. Your reactions will always be dependable on your thoughts and you should focus on what you desire. Those who remember their losses sometime become the cause of their further loss, so it is recommended that if you fail to get cash while trading certain coin then try to forget it and work hard for next step.

You should really be that versatile.Period!

On this market you would really be experiencing different sort of things which does mean that you would need to adjust depending on the situation or scenario where you should really act
and able to avoid since you've been aware on whats this and whats that.

Dont mind yourself on making perfect or profitable trades most of the time because it would really be just making you on being perfectionist and once
the reality would slap into your face then this is where frustration and discouragement would begin.

[Vaskiy]

If you are trying to do trading then it is necessary to set your mind and keep in mind that what will be possible, there is success but has also possesses defeat because volatility is on peak. Your reactions will always be dependable on your thoughts and you should focus on what you desire. Those who remember their losses sometime become the cause of their further loss, so it is recommended that if you fail to get cash while trading certain coin then try to forget it and work hard for next step.

Always have a losing mindset which is true. Because when the focus is profit and if we weren't able to make it, then it hurts. Along with this mentality it is suggested to have an alternate plan on trading. This will help in reducing the loss. As said, if you weren't able to make revenue out of particular coin, then take a break. It is good to have patience, at times the outcome will be good if we move on to the next crypto.

[palle11]

Those who remember their losses sometime become the cause of their further loss, so it is recommended that if you fail to get cash while trading certain coin then try to forget it and work hard for next step.

This is a very good trading advise. If we keep crying over what we have lost in trading or in life then we can't be strong to fight for another opportunity to come. Like they always say it doesn't matter how many times we fall but what matters is our ability to rise again and this is very important to trade also. If we lose a trade that doesn't mean we are going to lose always and then we give up, no is not the idea of trading. We can try next trade but not in a haste to chasing to regain what we have lost.

[koang]

Expect what you expect but always be optimistic.
Don't get emotional over something that time is coming to an end
Don't be too greedy, take out what we play for a cycle, and we will win well.
And the bear market is good for me, I have so much time to accumulate when it is low,
and I only wait a fair period to exit or spend when the price is high again.

[GatotKaca]

Expect what you expect but always be optimistic.
Don't get emotional over something that time is coming to an end
Don't be too greedy, take out what we play for a cycle, and we will win well.
And the bear market is good for me, I have so much time to accumulate when it is low,
and I only wait a fair period to exit or spend when the price is high again.

I think one should make it rule of ones life - less expectation - less problems.
When we expect more and loss then we are actually hurt. So better keep all the options open and think of loss too. You will be happy if it is otherwise but you won't be sad if you loss because you already have had that in your mind.

but it will not work for those who do work in the market for day trading. they put money into trading in the hope of making a profit in no time.

it is good to enter with readiness in case we experience a loss. it means psychologically ready to lose money put into the market. but I doubt many traders think like that. but in the long term, investors will of course have different thoughts.