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Author Topic: Accepting this reality of trading has helped me a lot.  (Read 558 times)
AmoreJaz
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July 08, 2024, 05:46:05 PM
 #41

Yes, you do the right thing to checked your traded and trying to learn and not makes the mistake in the future. I agree with what you do because that will helps us to know the mistake and learn to fix that. We will difficult to have a 100% profit rate because the market is fluctuating and hard to analyze, especially if we don't have good skills in trading.

But if you still learns more about trading, you will see that your skill improves so you can analyze the market and finds the right coin. It needs time before you can posses a better skills to trade but if you don't stops from learning more and more, you will hae that skills.

I also stop my trade for a while and check what I have done. I know that something wrong with my analysis so I needs to find how to fix it. Usually, I leave the market to calm down myself from the lost feeling in trading and that helped me to make myself better. I will return to the market when everything is normal and I can analyze better.

That is true, if you suffer losses even if it is not a heavy one, try to re-visit such mistake and check what went wrong in that trade. You may not do it right away because you may be emotional about it because of the loss, but try to face this situation in order for you to gain better insights the next time you execute your trade.

When it comes to crypto market, you will find out that each project is unique and they usually don't follow what you have learned about TAs and all those analyses. Most of the time, you need common sense for what you are seeing and reading about the project. Hints that you can get from their social media channels will actually give you better clues on where they are heading at.

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July 08, 2024, 06:16:22 PM
 #42

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?
Understanding that losses are part of the trading process is a big lesson, in fact the most important lesson to learn as a trader. Such realisation helps you guide your decision making because you will always have it in mind that nothing is guaranteed in trading.

The best of strategies are not 100% win rate and anyone who promises or claim to have such a win rate is a scammer. A win rate of at least 60% should be the target of every trader provided the risk to reward ratio is 1:3 and upward. With this the trader is on his way to enjoying a life of affluence.

R


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July 08, 2024, 08:52:26 PM
 #43

Very true lose is part of the game but this doesn't mean one should be so relaxed and be okay with having loses. In trading it is normal that one will experience both loses and  gains but it is very good when one tries to learn trading  very well to reduce    the lose in trading.  It is important to accept loses and it should also be a motivation to learn trading more.loses can be reduced if traders are willing to learn more about trading .

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July 08, 2024, 11:54:52 PM
 #44

I am no longer actively trading but whenever I lose, I get back as quick as I can but you know what happens next, another set of losses come to me.

What one active trader must do is what OP said and that's right, to review your losses and trying to skip your trades for the moment isn't going to give you much loss.

That will clear your mind and will give you a better space to think for your next trades.

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July 09, 2024, 07:06:53 AM
 #45

Agree friend, if people say "experience is very expensive and cannot be replaced". All jobs that involve money definitely have risks. That almost all we feel in trading, in my opinion it just a normal thing. For me, must be important is  how do we cover losses with recovery or earn profits from crypto with shorty.

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July 09, 2024, 08:06:55 AM
 #46

Correct. But trading is not easy to handle. Frist thing we know about the trading process. It not easy to get profit. Time and follow-up is important for the trading process. It any time to change the price. So don't lose you hop and wait for the market prices increase. Then time to sell and buy the trading process.

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July 09, 2024, 08:51:00 AM
 #47

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

It's true and right what you say here, op. As long as you don't forget that while you're doing trading, you shouldn't stop learning here. Be an empty cup; just always absorb what you teach or discover your trading knowledge because this will push you to rise and move forward in life.

And what others have said here is also correct: there are no perfect traders. Remember that trading is not easy to understand, but once you know how to make a profit here, you will definitely be able to make a profit in the crypto space anytime. .

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July 09, 2024, 03:29:22 PM
 #48

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss
No matter how successful a trader is, no one likes losses, whenever there is a loss, there is a little sadness and a little regression that maybe it was not the right time to trade, no matter how experienced one is, such annihilation is natural. But after being in this market for years, the losses seem to be the same as the gains. Yes, while doing DCA I save some money for later, when the market goes down, I buy more little by little with the hope and belief that the market will go up.

Rest, I think everyone must have their own perceptions who are new in the market and may not think in the same way as the old people in the market because they are still new in the market and their experiences are also new. It is very bearable to face a loss in a place and at the same time, and soon a person cannot understand that this is a loss of some time, it will turn into a profit and double later.

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Dzwaafu11
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July 09, 2024, 04:56:41 PM
 #49

There’s no perfect traders in the market, all have their fair share of losses before they achieve their current position they are enjoying right now. Acceptance is the key, and always bear in mind that before you succeed in this trading journey, you need to experience those inevitable losses at first that will build your strength and confidence as a trader.

Exactly. I agreed with you that in trading, losses will come first, and even after you master the trading skills, loses can still come. The thing is that in trading, there must be losses because that is how it works. We know that before enjoying something, there must be some situation that we get into, which is also part of the hustle, and in trading, those situations are the losses you just say in. However, regardless of how knowledgeable you are, you will still lose in trading, but the losses will be minimal compared to when you become a professional trader.
 
In times of loss, I don’t resort actually into regretting or panicking because I lose some good amount. But instead, I learned from all of them and develop new strategies that will help me improve my trading skills and performance as well. And continue to stay positive that these losses will eventually lead me to my sweet fruit of success, and I’ve never wrong with that because after series of losses, now I’m starting to reap the good profits in trading.

Although panicking is not that issue, the thing is that giving up after the losses, I think, is what affects some people, and their money goes in vain. They lose, and when they see they keep on losing, they give up because they can’t afford to keep on learning the whole process of trading. So now that you didn’t give up, you continue pushing, and now you have mastered the trading. Though I know that it is not easy for someone to be successful in trading; it takes a long time to learn before it happens.

R


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July 09, 2024, 06:33:22 PM
 #50

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?
Observation and evaluation in trading are also very necessary. And I do it whether I'm making a profit or whether I'm making a loss. And yes, sometimes some losses also provide valuable experience as learning that is quite expensive that we can get. As long as we can make appropriate observations and evaluations in responding to it. Without it, don't expect to be able to learn from losses or experiences. Because most of them feel hopeless when they lose, instead of starting to look for loopholes that cause us to experience these losses. Those who can recover from defeat and those who can learn from defeat are those who are one step ahead of others. And I also learned a lot from all of it.

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July 10, 2024, 03:08:48 AM
 #51

in fact, people grow by learning from mistakes. Not a single trader gets continuous profits from trading. There will always be failures. What makes the difference is the loss received. However, persistent people will learn from their mistakes, and try new strategies. Sooner or later, this will make someone better at trading.


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tygeade
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July 10, 2024, 04:58:33 PM
 #52

There’s no perfect traders in the market, all have their fair share of losses before they achieve their current position they are enjoying right now. Acceptance is the key, and always bear in mind that before you succeed in this trading journey, you need to experience those inevitable losses at first that will build your strength and confidence as a trader.
Exactly. I agreed with you that in trading, losses will come first, and even after you master the trading skills, loses can still come. The thing is that in trading, there must be losses because that is how it works. We know that before enjoying something, there must be some situation that we get into, which is also part of the hustle, and in trading, those situations are the losses you just say in. However, regardless of how knowledgeable you are, you will still lose in trading, but the losses will be minimal compared to when you become a professional trader.
That acceptance of losing type of mentality will make someone amazing, not because they lose, and many people do not understand it, but because you understand that's a natural part of it and you just need to learn and grow with it. That's why we should be considering the fact that it is going to take a while, and we just need to assume how to grow and be better. I get that things aren't simple, and I get that we are not going to see things change, because it doesn't matter if you are a newbie or a veteran in the end you are going to lose.

It's how you react to your loss that will decide how good you are going to be in the end, and if you do what you should, then you are going to end up with a much better result without a doubt.

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July 10, 2024, 06:32:06 PM
 #53

Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we  If I can trade in this way, I will definitely be one of the successful traders in the future.

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July 10, 2024, 07:12:18 PM
 #54

in fact, people grow by learning from mistakes. Not a single trader gets continuous profits from trading. There will always be failures. What makes the difference is the loss received. However, persistent people will learn from their mistakes, and try new strategies. Sooner or later, this will make someone better at trading.

In any case, those who always excel are those who always want to use their mistakes as learning material or something that must be corrected. There will be no improvement if there are no mistakes, and there will be no success or success if there are no failures caused by mistakes.

Actually, this problem comes back to each individual, simply put, if you want to be successful then you must first experience failure, because only failure will tell us what the right thing to do is, or that is, failure will be something that tells us. us about what to do and what to avoid.

But if we talk about the world of trading, that doesn't mean that you already know what to do after you learn from your mistakes, that doesn't mean that you will always be able to end the session with a profit, as you said and that's right. The reason is because this is trading where there is no single way that can predict the market 100% accurately, meaning there will always be times for you to still experience losses, but what we have to pay attention to is when we are always persistent in learning, for example studying mistakes that we have made. If we do it and learn about the new things we discover, it will help us avoid the possibility of excessive losses.

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lixer
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July 11, 2024, 04:35:32 AM
 #55

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?
Took you a while there Grin.

Someone getting into trading needs to do research and gain enough knowledge before they start, and when you are doing that, you should also understand and have knowledge about how losses in trading are a normal thing because it is something you do based on predictions and chart-reading and you can't be right all the time when you are predicting the future no matter how good you are at doing analysis and reading charts.

When I incur a loss in trading, I do the same thing, I don't make more trades before I evaluate my previous trade and the reason why I got a loss, and once I find it, I work on the mistake I have made and rectify it so that it is not repeated again in the future.

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July 11, 2024, 05:49:50 AM
 #56

Most of the trades Frist time lose the money in trading process. So that experience is help to future trading. Traders effort is important for the trading. But without effort not easy to get profit. Trading is not easy to use. So accpet if get any lose. Nex time that experience help to avoid the some issues and eerors. Easy to get profit.

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July 11, 2024, 05:12:54 PM
 #57

Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we  If I can trade in this way, I will definitely be one of the successful traders in the future.
Of course, this fear often arises when one experiences failure in analyzing the market. And it could be said that they are afraid to try again because they will lose their money even more than before. I think those who have experienced losses in trading certainly don't just guess, and you can be sure that they are equipped with knowledge even though it's still a little because their money is at stake, of course they won't let it go or throw it away in vain, right?

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July 12, 2024, 10:24:51 AM
 #58

That is true, if you suffer losses even if it is not a heavy one, try to re-visit such mistake and check what went wrong in that trade. You may not do it right away because you may be emotional about it because of the loss, but try to face this situation in order for you to gain better insights the next time you execute your trade.

When it comes to crypto market, you will find out that each project is unique and they usually don't follow what you have learned about TAs and all those analyses. Most of the time, you need common sense for what you are seeing and reading about the project. Hints that you can get from their social media channels will actually give you better clues on where they are heading at.
Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

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July 12, 2024, 05:22:32 PM
 #59

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.
Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.

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July 12, 2024, 06:48:13 PM
 #60

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Just like you do, sit down and go through the trade again and see where the mistakes are. The only problem with checking back is that you have to be someone that is conversant with charts a lot so that when you see such type again in the future, you’ll be able to highlight as the same one that made you be on loss the last time you tried to trade it. What I do for setups like that is, I save the setups and when I want to take a new thread that I feel are similar to the previous ones that have exited me from the market before, I go back to the saved set up to confirm my claim whether I’m right or not about it. No one has 100% win rate and the best of those traders are the ones that accepts losses and take corrections from them to amend their upcoming trade with it.

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