It will save your capital more than you can imagine

[Maus0728]

Stubbornness in trading often has negative results. The trader’s insistence on following the same strategy and insisting on his mistake will have bad consequences. Therefore, it is better to stop at a certain point and re-evaluate the situation rather than persist in making mistakes.

Totally agree, learned that lesson a long time ago and I'm grateful that I have learned it early on. Stubbornness will only lead to you missing out on the opportunities to get the profits when a certain crypto passes a really good price maybe even with bitcoin it's bad to just hodl and not take any profit. Never hold on to the bag for too long especially if it's not bitcoin, you might never see another price peak on that crypto again so you've lost your chances.

This happened to me more than one coin that I saw falling, but I was determined to hold it because I thought it would rise again, but unfortunately it continued to fall and I continued to lose. If I had stopped at a certain point, I would have avoided many losses.

Same thing happened to me but thankfully I was able to sell it because it got a second wind of some sort. I guess we have to learn about this stuff the hard way along the way.

[Distinctin]

Simply put, this is the science of capital and risk management. you are right this is necessary. It's just that before that, I believe we must first learn to control our emotions, this is even more important because with controlled emotions our decisions will definitely be very wise. we become less anxious about taking any risks. We can always accept the results, usually this method is successful in achieving profits according to the target, this depends on how we can control it all. Be careful with greed, it is very dangerous for our assets.

You are right there mate. It’s hard to resort into cut loss when your emotions are against on it. Most of the  time, our emotions control our decisions that’s why we lose consistently in the process. Cutting our losses is a big decision that will change the outcome of our trades, but if we think our trades will not head into positivity, hence we should go cutting our losses. And we can only do that if we can manage our emotions as well so that the outcome of our decision will not be compromised.

[deathcode]

You are right there mate. It’s hard to resort into cut loss when your emotions are against on it. Most of the  time, our emotions control our decisions that’s why we lose consistently in the process. Cutting our losses is a big decision that will change the outcome of our trades, but if we think our trades will not head into positivity, hence we should go cutting our losses. And we can only do that if we can manage our emotions as well so that the outcome of our decision will not be compromised.

therefore trade when you are ready. not only with your capital, but you also have to be ready emotionally.
There are many trading methods that can be used to reduce the risk of loss. When we decide to exit a trade at a loss, it can also be a good or bad choice. everything must be planned from the start of trading. that we already have limits to exit with a profit, or limits to exit with a loss. or even we have to be consistent to stay in position.

[mirakal]

If you want to cut your losses, you can use the stop loss feature on the exchange. That will prevent your losses and you can start trading again. Yes, it can save your capital so you don't experience big losses.

Stop loss is often used in futures trading to avoid losses. But stop loss is also used in spot trading so you don't have to wait for the price to decline before you close the trade with a big loss.

But usually, what causes traders to experience losses is that they are often late in closing their trades when they have already made a profit. They think the price can continue to rise higher even though the price can quickly reverse direction. And that causes them not to make a profit and instead suffer a loss.

Simply because, greed is greater in trading. We always hope to see bitcoin price consistently grows even when we already know that trading is heading into a negative position that would only make us incur losses. A lot of traders lose not because they’re not good and reliable traders, but because they follow their greed over what is right in trading.

Setting stop loss is the key. Once you are certain with it, then it’s easier for you to shift your trades so you won’t end up losing a huge amount of capital. Trading may be profitable but always know that it won’t be happening all the time.

[Dewi Aries]

Simply put, this is the science of capital and risk management. you are right this is necessary. It's just that before that, I believe we must first learn to control our emotions, this is even more important because with controlled emotions our decisions will definitely be very wise. we become less anxious about taking any risks. We can always accept the results, usually this method is successful in achieving profits according to the target, this depends on how we can control it all. Be careful with greed, it is very dangerous for our assets.

You are right there mate. It’s hard to resort into cut loss when your emotions are against on it. Most of the  time, our emotions control our decisions that’s why we lose consistently in the process. Cutting our losses is a big decision that will change the outcome of our trades, but if we think our trades will not head into positivity, hence we should go cutting our losses. And we can only do that if we can manage our emotions as well so that the outcome of our decision will not be compromised.

Of course, because emotions become one of our biggest enemies when we trade or mean involved in the world of trading, it is always a big problem when the results at the end of the session are not as desired or mean the strategy they use misses so they end up losing, but that's natural because after all this is trading where risk always cannot be avoided completely.

It is not easy and even very difficult for most traders to be able to manage their own emotions when such situations are happening and most of those who do not have any management and planning on their trading engagements and that is why many end up with a large amount of losses that eventually make them give up and fail. So the most important point is that management and self-control really need to be emphasized for prevention when you are in such situations.

[sulendra12]

Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

Yes, it's always a better idea to receive the critique and be better from every trading you did. It's always a good thing to try another day and evaluate your trading result so you can avoid to fall to the same mistake again. Don't brute force your strategy if it's ended up making you lose so much, admit that you are wrong sometimes is a step to be better.

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.

And move on to other asset if you don't want to feel regret and chasing your losses. It's a bad idea.

[GeorgeJohn]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

At first ego don't have anything to do with trading, what you will say concerning trading and I agree with you is greediness and its a greedy that makes traders to lose in trading not exactly ego, when you know your objectives in trading I think you will not be greedy to the extent that your greedy will make you to lose in trading.....secondly what causes loss in trading is when you are unable to understand the rudiments of Trading before you venture into it, secondly if we don't want to be getting loss everytime in trading I think what we are suppose to do is to learn very well of the concepts of trading before we venture into it.

[Russlenat]

Cutting your losses is more applicable when you are in leverage trading, that way you will limit your losses and prevent you from losing a lot. But if you are trading on an small scale basis, you would not mind cutting your losses since you are just risking an amount that you find convenient to lose, otherwise trading will make you sick since everything will be put into limits.

However, if you are still a beginner trader, I suggest you adopt cutting your losses. Newbies are still bound to lose a lot so having this stop loss will free them from unexpected losing huge amount.

[tvplus006]

...I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope...

Make it a rule to set a stop loss immediately after opening an order, and in this case you do not need to worry about liquidation. But in order for the loss from the stop loss to be minimal, it is necessary to correctly set the level from which you can enter the transaction.

[justdimin]

Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

Yes, it's always a better idea to receive the critique and be better from every trading you did. It's always a good thing to try another day and evaluate your trading result so you can avoid to fall to the same mistake again. Don't brute force your strategy if it's ended up making you lose so much, admit that you are wrong sometimes is a step to be better.

Yeah true, checking back on what you did, and realizing you made a mistake is harder than people may imagine. It is not even just about failing to spot what was the reason it went wrong, that is the part that would be the easiest if you look at it carefully enough, the thing that is hardest is that people fail to recognize that they did a mistake and they blame other things eventually.

This is why I believe that we need to end up feeling like that is not going to be too easy, and should consider that as something that would be troublesome. I hope that people could understand that we are going to end up with a good return if we just leave our ego aside is true, that is why you need to consider every loss as your mistake and check it.

[AakZaki]

therefore trade when you are ready. not only with your capital, but you also have to be ready emotionally.
There are many trading methods that can be used to reduce the risk of loss. When we decide to exit a trade at a loss, it can also be a good or bad choice. everything must be planned from the start of trading. that we already have limits to exit with a profit, or limits to exit with a loss. or even we have to be consistent to stay in position.

being consistent in the initial position would be better if what you held was bitcoin. it will still rise and it's just a matter of time. To accumulate assets to increase at a cheaper price, carry out gradual purchases or DCA. This will improve the purchase price so that more profits will be made when the price rises again above the initial purchase price. Do it calmly and make sure you have spare money.

[Fatunad]

Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

Yes, it's always a better idea to receive the critique and be better from every trading you did. It's always a good thing to try another day and evaluate your trading result so you can avoid to fall to the same mistake again. Don't brute force your strategy if it's ended up making you lose so much, admit that you are wrong sometimes is a step to be better.

Yeah true, checking back on what you did, and realizing you made a mistake is harder than people may imagine. It is not even just about failing to spot what was the reason it went wrong, that is the part that would be the easiest if you look at it carefully enough, the thing that is hardest is that people fail to recognize that they did a mistake and they blame other things eventually.

This is why I believe that we need to end up feeling like that is not going to be too easy, and should consider that as something that would be troublesome. I hope that people could understand that we are going to end up with a good return if we just leave our ego aside is true, that is why you need to consider every loss as your mistake and check it.

It all matters with self realizations on which it would really be just that normal that people would really be having that different approach on things on which there are ones who are really that too mindful about on possible ways and methods that they could really be able mold on and there are ones who are really just that like to be a blind person who cant really make out those realizations and would really be continuing on the things that he do believe for himself to be just that right. Just like i have said that it would really be just that depending on a certain individual on which it would depending whether you could really be able to make adjustments or not.
It would really be just that a normal instinct that you would be avoiding on the things that you have encountered before on which it causes for you to lose up money or fund.

Speaking about into the condition or situation about cutting loses then there are moments or times on which making up such decision would really be that something worth. The question is,
how you would really be able to determine if its the right time or moment? You are the ones who would really be finding for yourself on such action or decision.
People would realy be just that naturally be able to determine on whats worth and whats not basing up into that risks management.

[stadus]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

At first ego don't have anything to do with trading, what you will say concerning trading and I agree with you is greediness and its a greedy that makes traders to lose in trading not exactly ego, when you know your objectives in trading I think you will not be greedy to the extent that your greedy will make you to lose in trading.....secondly what causes loss in trading is when you are unable to understand the rudiments of Trading before you venture into it, secondly if we don't want to be getting loss everytime in trading I think what we are suppose to do is to learn very well of the concepts of trading before we venture into it.

Losing can always be possible with trading most especially if you decide to trade without learning sufficient knowledge and skills prior to trading. A lot of traders only trade just to satisfy their greed, hence they end up trading losing and regretting. And while others are greedy, some chose to trade also just because their peers are into trading. Trading without understanding the rudiments in trading will push you to create wrong decision making which is big NO in trading, otherwise you will only trade putting your capital and time into waste.

[boyptc]

This is why I believe that we need to end up feeling like that is not going to be too easy, and should consider that as something that would be troublesome. I hope that people could understand that we are going to end up with a good return if we just leave our ego aside is true, that is why you need to consider every loss as your mistake and check it.

And from there, we need to understand that it's not just always mistake that we must make as a lesson.

Even with our wins, there are also the biggest lessons. We shouldn't also reason out these mistakes to keep it happening because it's not the goal of everyone.

We're here to make profit and definitely cutting losses is significant for one's growth and we won't just be losing forever.

[irhact]

Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

Cutting your loss will save you from more losses and this is the reason behind having your stop loss set when you enter a trade. Those individuals trading without stop loss are making a big mistake. The market can be manipulated and your trades takes you into losses as you didn't have a stop loss to cut your losses so you can try again with another trade. Professional traders still use stop loss as they know the importance of having it on your trades.

When you're in losses, don't believe you'll make back your profits. Some times it might happen that way but not all the time as you'll keep losing more due to other individuals coming to see their trades on a losing side and will want to cut their losses by selling therefore their act will push the price of the coin that you bought to fall more. When your trade are not giving you profits, stop the trade and enter the market at another time.

[Sanitough]

Cutting your losses will create an advantage if you are trading using leverage, that is to limit your losses so you won't lose a huge amount that you can't afford losing. However, if you only trade just a small amount, I think cutting your losses is not that essential. You can trade and lose your small capital, and that's okay. You can still trade again when you're able and capable enough, as despite of your losses, you are also learning as well.

[Rengga Jati]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

have sufficient understanding about crypto trading strategies, how to analyze indicators in the market and various things related to trading, and especially if you master it, then this will be quite a good provision when we start trading. Because after all, tradition is an activity in cryptocurrency that is very high risk, especially if we enter it without any preparation and with very little understanding. Trading requires quite complex thinking and analysis to place positions, manage margins and various other strategies to reduce the risks of losses.

always in fact Is it easy? Of course not. This is certainly not as easy as we thought and hoped when we started trading. As I said above, trading is complex, so even though we understand it, sometimes when we do it directly, it's not as easy as we think. But at least with a good enough understanding we will be able to set up our trading efforts wisely and smartly.

[macson]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

If you study any risk management in trading then you will find that "cutting losses" is included in it.  Cutting losses is not a cowardly attitude, it is a trick commonly used by traders to avoid deeper and more severe losses, usually professional traders use different percentages at what price level they will cut losses while those who do not use risk management in trading will definitely allow the assets they buy to fall deeper in price because they have the wrong strategy and perception, but everything comes back to each person's strategy.  anyway, investors are not the same as traders, investors will definitely hold onto the assets they buy even if the price continues to fall.

[fullhdpixel]

Cutting your losses will create an advantage if you are trading using leverage, that is to limit your losses so you won't lose a huge amount that you can't afford losing. However, if you only trade just a small amount, I think cutting your losses is not that essential. You can trade and lose your small capital, and that's okay. You can still trade again when you're able and capable enough, as despite of your losses, you are also learning as well.

So in doing leverage trades, we can't also be able to use a small amount of capital? If it's also possible then, we can just go with the flow as well, because like you said, we can still learn a valuable lesson with it.

But some can stop doing it, if they think they are not good with it, because a small amount can still stack, and that will still result for a larger amount. Other than trading a small amount, many traders are also not doing a cut loss or a stop loss when they trade on spot. But they just choose to wait for the prices to bounce back. I think for those who are less confident or beginners on it, they can still choose to do it. Only to be safe.

[Yamifoud]

In trading, we don't just learn how to cut losses but also, we must learn how to accept small profits rather than wanting more.
I'd find out that it was not the problem of most traders about their knowledge and skill, and the use of strategies but what went wrong was our uncontrollable greed. Many traders miss their chance to sell their coins for profit because they think that there is more pump coming unfortunately, with the volatility of the market, often we fail and suffer the consequences.

In fact, our main goal is to earn so we take every chance and position our trade on a profiting price, not just for the sake of saving our capital because in the end, we are still losing.