DaMut
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July 12, 2024, 08:21:47 PM |
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To know that you can't always be right I trading helps you accept the reality of taking losses. For me what's important is my win rate which also shows how good your strategy is base on RR. Everyone loses but not everyone wins consistently to recover the loses.
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Stepstowealth
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July 12, 2024, 08:32:07 PM Last edit: July 13, 2024, 12:26:36 AM by Stepstowealth |
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What do you do when you take a loss?
I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.
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Adbitco
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July 12, 2024, 11:53:02 PM |
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You know there is this things we've alway stock up in our heart that anything negativity is not meant to come nigh us without know that it's one of the characteristics of living Being meaning one must lose or hear about negative news, there are no way for total elimination of loses. Though there are expert but within themselves they are actually lose and if they don't lose while trading the trading principle isn't completed yet because trading is all about profits and lose even though that the chances of lose could be minimized to the bottomless part of it but yet there is loses attached to it. So, as a trader you should know that lose is something you can't totally avoid while trading rather you can reduce it from high to low ranging from 10-1 in rating the percentage of lost.
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jcojci
Full Member
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Catalog Websites
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July 13, 2024, 05:27:39 AM |
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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. We must have good control to calm down our emotion in trading so we can know what we must do. We can not ignore our emotions and let it becomes high without we can not control ebcause that can gives us more problem. We can feels when our emotions becomes high so we can try to control and take a deep breath can helps to calm down ourselves for a while. But we must do other things besides of take a deep breath especially if we lose our money in trading. We can stops trading and leave the market for a while to forget our sadness and trying to gets back our focus. When you feels you can stable yourself, you can back to trading but always be careful to use your money and avoids to make another mistake.
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mirakal
Legendary
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Leading Crypto Sports Betting & Casino Platform
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July 14, 2024, 01:57:43 PM |
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What do you do when you take a loss?
I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them. We are afraid to lose because we don't understand yet fully how trading works as we expect that we will make money rather than lose. Sometimes, we get influenced by our positive mindset and confidence, and can't dare to accept losses. And after experiencing bad things and several losses, we then think about quitting. It is very common, we feel doubts and uncertain about how this thing works but other traders are saying "Those who can't endure risk and losses, have no chance of getting rewards. To become a(pro) trader is not magical that in tomorrow we become successful already. No traders have not experienced losses, we all have but because we are certain of our goal, we still continue and learn from our mistakes.
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Cryptoababe
Member
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Do it For Better Humanity (Bitget trader)
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July 14, 2024, 02:54:42 PM |
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Losing is normal in trading. But as I've always said, greediness leads to high losses and liquidation. This is why I always advise people to start with spot trading. No matter how long you have been trading, you will surely lose once in a while, but the most important thing is making profit more than you lose. Trading is very risky, and if one keeps losing and getting rekt, the right step is to quit trading.
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Issa56
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July 14, 2024, 09:35:11 PM |
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What do you do when you take a loss?
I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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wxa7115
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July 16, 2024, 03:47:19 AM |
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What do you do when you take a loss?
I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss. This is what makes a lot of traders to eventually burn out, unlike investing in which there are great strategies that have passed the test of time, this is not really true for traders, a strategy may be successful during a period of time, but as the dynamics behind the asset change and the market evolves, what worked yesterday may not work today. Forcing the trader to once again try to find a way to make money on the markets, and lose to them a great deal of the money they could have obtained during the period in which they were profitable.
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Findingnemo
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July 19, 2024, 08:57:06 PM |
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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?
Let me tell you something, more experience will make you think that trading is not worth at all. People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital. Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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$weetne$$
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July 20, 2024, 05:09:28 PM |
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I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them. If you do not quit trading you will become a professional trader one day as you keep on learning from your mistakes and working on it to become a better trader. There are many things that new traders do and they think they are the only ones making that mistake but they do not know that almost every trader make the mistakes too. But when they accept the reality that every trader can lose then they begin to understand how trading works. A trader can have many weeks of making profits and later start to lose but when you have different strategies of trading then you can switch strategy when the previous one is not giving you profits. Mistakes are vey common among traders but for you to be a very successful trader, you have to learn to use your mistakes as a guide for you to have better trading futures.
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Distinctin
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July 20, 2024, 08:59:08 PM |
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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?
Let me tell you something, more experience will make you think that trading is not worth at all. People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital. Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett. Or the more experience you've gained, the more realizations you will see that one should not only focus on trading alone. Reality is, no matter how good or capable trader you are, you are still susceptible to losses every now and then, most particularly when your trades are suddenly not favored by the market. Trading is not a stable source of income, but an additional source to your main income. Although this might contradict to some points of view, but based on my personal experience, trading is still very risky so one should not only rely on trading alone when making a living.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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