Lets Brain storm on how to limit losses...

[Bananington]

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

I was on a vacation trip with friends, I was clearly distracted by the engagements of our vacation and should not have even tried to engage in any trading activity. I went ahead, my analysis of everything was wrong and I ended up blowing the account and the little I had managed to gather there. I made the mistake of trading at a wrong time, I made trading decisions while distracted and It was something I regretted.

[Issa56]

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

What causes my major loss during a trade is whenever am trying to revenge, whenever I lose in a trade and I plan to revenge, just know that am going to lose the money also, so I learnt my lesson now, whenever I lose in a trade, I always accept my lose and always fight back another day. Whenever am revenging, my analysis is always poor, am always desperate just to get back my money and I notice whenever am desperate, am always ending up losing, since I know my weaking point already, I don't revenge again in a trade.

[Dr.Bitcoin_Strange]

You are just very correct,I mean there is no way on can be a trader without him losing.Dont forget that loses are part of the game, therefore,one must belt up while venturing into the business,you must be someone who can Atleast handle such cases,and not someone who will cry when you experience loss.If there is anyway one can do without loss,almonet everyone would have done that,but because  loss is part of the game,you just can't make smooth trade in a row without getting setbacks.All you just need to do is make up your mind that  despite the loss that comes,you will still continue with trading  until you get to the height that you desired.Remember,winners never quit,and quitters Neva win.

In crypto trading, losses are just something that is inevitable unless, for the AIs that are now being developed to suppass human intelligence (lol), well, let's see how good it can turn out, but as long as the market has not been 100% accurate based on human analysis and predictions, there is no way AI can even be better at making accurate trades. It is just that humans are sometimes the reason for the losses they encounter, both by letting their emotions take over their trading decisions and also out of greed. but most times some of the bots are just programmed to readjust on leaverage depending on how volatile they see the market becoming. There are some professional traders who are well observant of the market's change in volatility; if they see the market is becoming so volatile on the day of their trade, they can become more careful in their trading amount and setting a low leaverage.

[el kaka22]

I think it is important to remember that when we are making a trade, it is vital to not be in there for too long and we should get out if we are not long term investors. Too many people react as if they are doing a smart decision by staying for too long but that is a wrong move and you should not do that.

Long term investment and trading are totally different stuff and they do not have the same returns neither, which means that you are going to end up losing money to it if you keep mixing them together. Best case for people is to make sure that you end up trading when you trade and invest when you do invest and not mix them together. Staying in too long makes it a bit more investment and less trading and you should stay away from that if you could.

[TheUltraElite]

I was on a vacation trip with friends, I was clearly distracted by the engagements of our vacation and should not have even tried to engage in any trading activity. I went ahead, my analysis of everything was wrong and I ended up blowing the account and the little I had managed to gather there. I made the mistake of trading at a wrong time, I made trading decisions while distracted and It was something I regretted.

I hope you learnt some lesson from that. However I would mention here that most big names in crypto are never really at home, but traveling the world while tracking their assets and investments, they are that rich. So they know how to manage the money while having fun at the same time. Hope you can develop that capability in future too when you become a crypto millionaire.

Greed is always there the important thing is to keep your cool and not make drastic orders that lead to losses, but calculated ones.

[Othellobit]

I know there are other reasons why people lose in trading but the more common among traders I would love to mention is greed. The desire for more cost traders to be too drastic in setting their leverage while trading, even at high volatility. I don't see distraction to be a good reason cuz I know of experts that still make their money on trading irrespective of the level of fun, their condition, or their position. When u are used to the trading system I'm not sure you will be losing due to distraction

[Flexystar]

That's really nice poll mate, I just hope we see major group voting on it so that one can get the idea of how everyone is losing it. For me, it was straight-up late enrolment into the trading zone. By that I mean I bought the position at a very high price in the belief that it will go further. However, I was wrong in many ways due to the market condition itself. Many times I feel that confidence, poor analysis, and holding on for long, all are connected with each other. If that day I had a proper judgment of the market (that's good TA), then I might not have stayed for very long (long holding) and might have close the positon way more quickly than before. We can say that they all are one and the same or interlinked. So many times people will keep losing their minds over these three for sure.

Since then, I trade really less because that was a pretty big loss at the time. I might just be holding my asset and performing dollar cost averaging over the course of the next few years. I am holding the king coin that is BTC, and gonna break it with the lowest price average and high price sell in a few years.

That is my lesson and that's how I am improving my situation right now.

[traderethereum]

I think greed made me suffer losses because I didn't immediately take profits when the price increased high but instead waited for the price to increase again.
I often forget that if the price has managed to increase several times, it will decrease again and whether it returns to the previous low or gets a small correction, the price will decrease.
But that doesn't make me sell the coin instead of holding on for the next big win and I'll only regret it in the end.
But that's not all because sometimes I make an incorrect analysis so that I enter the market at the wrong time which causes me to suffer losses before the price can reverse direction and give me a small profit.
But I still try to prevent myself from making mistakes again and even though it's difficult, I still have to try it to get the benefits I want.

[Strongkored]

How about you?

What made me experience a big loss was when I didn't use the stop loss feature and left the trade open without seeing the possibility that the market would move in the opposite direction and after that didn't cut loss even after the asset had decreased by tens of percent, this really damaged my mentality and made me feel afraid every time want to trade daily, that's why I only invest in Bitcoin or Altcoins, which can be said to have the potential to provide big profits over a long period of time.
Often traders think that even though the asset has gone down, as long as they don't sell it, it's not a loss. This mindset eventually leads traders to bigger losses so that their thoughts become chaotic, because actually, a loss is still a loss, even though they haven't sold it, because it's just an unrealized loss, never hesitate to cut losses because the crypto market is always full of surprises.

[tvplus006]

...What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

The first thing I remember when talking about losses is margin trading without stop loss. Until this is a mandatory condition for you to open a deal, you will regularly lose your money when the price moves in the opposite direction to your expectations.

[Baoo]

I know there are other reasons why people lose in trading but the more common among traders I would love to mention is greed. The desire for more cost traders to be too drastic in setting their leverage while trading, even at high volatility. I don't see distraction to be a good reason cuz I know of experts that still make their money on trading irrespective of the level of fun, their condition, or their position. When u are used to the trading system I'm not sure you will be losing due to distraction

Good point of view. And in my opinion, distraction is not the main cause of loss but greed, lack of knowledge  and self control…etc. Plus, it is really essential to be completely focused while trading or making decisions due to one mistake may cause a massive loss especially when you do daily trading and your capital is pretty large. In addition to that, you will be able to limit losses when you gain experience, practice and improve your decision making, they will be definitely achieved by time.  In conclusion patience, education, and self development are ones of important keys  to succeed in crypto trading.

[Fivestar4everMVP]

In the pool options, I think..

-Greed
-Stayed too long in a trade
-Over confidence

Are all basically the same thing as greed, it is out of greed that a trader gets over confident, and choose to stay longer in a trade he should have closed and secure the little profit he or she made..

Anyways, majority of my loses in trading have been out of greed, wanting more and more profit, I get too confident, and then keep open a trade I should have closed..
Other times, it is simply due to coming late to the party, that is buying into a market that is ready to start selling, that is, meeting the pump at its very end, and hoping it will continue to go up, only for it to start selling when I've already bought.

[MFahad]

I think that person should be relax while trading because if he take some decision while he is in hurry so there is a great chance of Losing money. Another thing is to use minimum percentage and avoid copying others because sometimes the ideas of another person become a cause of your failure. Sometime people hear about the coin that what coin is the best and without knowing in detail about it they buy it so it can also be risky because they don't know what to do with it and for how many months it should hold so complete knowledge is also necessary.

[dunfida]

Every trader has come to that point in their trading history where the had to battle many things when the made their major loss. Some might have had so many bad thoughts flying through their minds while others struggled with emotional trauma. Losses is what no body ever plans for but it happens to be one of the major experience every trader must taste.

Most traders have also had their greedy moments turn out too hash on them. Some out of taking revenge on the market made tribble loss and many who feel extremely confident even when they are making wrong analysis have also tasted losses. Some even jump into trading premature maybe after getting an overview of what trading entails the feel confident and wants to explore themselves.

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

If we do base up on whats written on the poll then we could actually say that all of those things are the reason on why we are really that experiencing losses although it is something that inevitable because no matter

how veteran you are or no matter old or professional you are here on this space, it wont really be guaranteeing 100% winning or profitable trades.When we are still that a noob then we cant really be that avoided on having that overconfidence that we could easily do on what others we've been seeing that they are trying to do. Yes, when we are noob, looking someone who do trade looks simple and you would really be simply
having those thoughts in mind that you could also do it with ease, but on the time that you had stepped your foot into the field then this is where realization do kicks in.

As we do move forward we do really be able to learn up things which are supposed to be learnt, we do really give our best on lessening out the risks to limit losses and this is where
we do mainly targeting on.

[darewaller]

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

Same here, staying too long hoping that the price would uptrend more.  There are instances that I wanted to cash out but hindered by the thought of making more.  It is really not a good thing to be greedy in trade.  In a high volatility market, if we see a good profit we should grab it.  Then wait patiently for reentry.  If the opportunity for reentry does not come, at least we have exited the trade with profit. 

This is called greed and we all have this, no wonder why this was the first option in the poll because OP knows that many will vote for this but I think most of the choices on the poll are still referring to greed, they are only written differently though. Trading won't be called like that if we will idle for too long but on trading, a person must act quick and move on.

If you can not do that then you better do investing instead. In investing, you have no time limit and you can wait for the price to recover the longer you want. To be greedy is bad and being greedy can happen not only in trading but most of the times in playing a gambling. It is hard to resist it but we need to try if we want to be profitable.

[Pandu Geddon]

avoid copying others because sometimes the ideas of another person become a cause of your failure.

things like that are mostly done by beginners in trading. simply following a friend's talk or following the trading signals of the group. choose an asset and place an order at the recommended price range. but beginners forget to place a stop loss to anticipate the risk that the plan might fail.
but for those who are experienced enough, will make an analysis and choose their assets. some traders have their approach before trading.

[@sriyan]

Every trader has come to that point in their trading history where the had to battle many things when the made their major loss. Some might have had so many bad thoughts flying through their minds while others struggled with emotional trauma. Losses is what no body ever plans for but it happens to be one of the major experience every trader must taste.

Most traders have also had their greedy moments turn out too hash on them. Some out of taking revenge on the market made tribble loss and many who feel extremely confident even when they are making wrong analysis have also tasted losses. Some even jump into trading premature maybe after getting an overview of what trading entails the feel confident and wants to explore themselves.

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

I am using these methods to limit the losses.

1. Dont use higher leverage for the trading
2. Only use 2% of the main capital
3. Also apply the Doller cost average to buy Bitcoin.

[michellee]

If you only trade on spot trading, when you buy at a certain price and it turns out that the price is decreasing, don't panic right away but just calm down for a while to see if it is a continuation of the correction or if the price will continue to decline. If it's getting lower but there's still potential to go up, you have to be patient for a while.

But even if the price keeps dropping, it will inevitably stop at a low and bounce back and the next time, it will bounce to a higher price, especially if it is a potential coin. We must be more patient when we see this and stay calm to see if there is still an opportunity to buy at another low price.

Most people will panic when they see the price drop drastically and immediately sell it to eliminate the bigger losses. But it's not always like that because it could be a trap from other traders to be able to buy at another low price. But if it's bitcoin, you better hold on tight and don't easily sell it because the potential for a bitcoin price increase will be huge.

But greed will lead us to losses, so we shouldn't be too greedy to chase big profits.

[Finestream]

Many will say it’s greed but the largest losses for almost all traders is going to be revenge trading and we have all been there.

You know how it is. You lose a little and then went to trade until break even. Then you lose some more so you take more trades with higher positions and these trades basically make no sense in technical analysis and you are pretty  much guessing at this point and eventually you go bust. Happens to every trader.

I must say revenge trading happens only to those who are greedy. Because if not, then they will just call it a day and just come back to trading when there is enough capital and whenever the market is perfect to trade. But I completely believe that all traders experienced this revenge trading. Because we don’t want to keep on losing and used up all our funds, so we start to do some revenge trading hoping we can easily recover our losses, but it seems it only lead us to losing a lot more until we end up in a very worst situation.

[Sterbens]

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?

One thing that always haunts me in trading is not being able to control my patience and ambition to want to achieve something more than what I have found. I admit that and really learned afterward, being able to enter crypto trading with high volatility and risk is certainly not just reckless capital. Even though it has been seasoned with knowledge for a long time, the desire for more is always unavoidable. Until it got to the point where I started to get bored and turned to long-term investments. Try not to care about market conditions at all times, only enter occasionally to buy coins that I want to hold for a long time. After leaving and not returning, at first, it was quite difficult because crypto information kept updating and reaching social media brands. In fact self-control is the main thing before going any further.