How to recover after blowing trading account

[jcojci]

Learning more about trading will be the right answer for someone who blowing their trading account. He need to hold himself from trading like before but find out what his mistake so he can learn better than before. He need to identify what he is lack in trading and search for more lesson so he can fix the mistake and do better in trading.

Trading is not just buy and sell but you need to identify when you can buy and sell so you can make a profit. It is not easy because you can miss the right time to buy or sell so you need to learn more about the analysis in trading. No one can success without skill in trading so you must understand and trying to learn more to be better.

No need to worry if you can not make a profit now because you have more time to profit tomorrow. The important thing is you can have better skill by learning more so you can profit in other days.

[EarnOnVictor]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

I love to go for the second option, I will never believe that a trader exists who has not blown his trading account even if it's just once. That's how we are all welcome into the world of trading, we must all experience this to be bolder, braver and better traders. This helps us to go back to the training table to train more on what to do and what not to do. It is over time we become a better trader when it will now be difficult to lose, but it's provided if we have gotten it right by then, it's not automatic.

[2Pizza410000BTC]

Trading platform is a very risky platform, it is better to use a very small amount of money to trade on the trading platform first. Using a small amount of money on the trading platform means that even if he loses, he will not be too hurt and he can control himself by losing that money. When a small amount of money is used on the trading platform, if he loses that money later, he will be able to experience better trading. All those who have become professional traders have gradually gained experience on the trading platform by spending a small amount of money and have acquired trading techniques due to which he has gradually become a good trader. So whatever you do, you have to start trading like a child so that you can walk slowly like that walker.

[348Judah]

This is how we should approach trading,you are learning skills that are not taught when growing up,so it may take a while and you need to handle some few accounts so as to enable you find your stride.

Knowing on these quietly explains that we should start by using a demo trading account, then later try using smaller amounts to trade which we can afford to lose, the more we do it the more it gets bigger, then from here we continue on using bigger amount base on how we can afford the loss also, but as a newbie, we must start trading from the scratch, also, we have to take time in seeing that we really got prepared for this than when it comes to going for what we can't afford to risk, all these are part of the management practices we must observe to have a good start on trade.

[shield132]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

Almost every trader has blown their account. If they have not, then they have come very close to it. It is an experience that teaches how to manage risk that books and watching other can't teach you. You learn and adapt to it from experience. I am a big believer that you learn better in the live environment than in demo because in demo trading , you can't blow your account and really feel it. It is only in a live trading that you really feel what it means to face risk and manage if after you have blown your account.

I think that when someone wants to learn to trade, they should do it after the market crash because, during a bull market, everyone profits and this gives traders fake confidence, which will result in the worst financial situation in my mind.
I started trading in 2020-2021 and I gained a very big profit but I quickly lost them because I wasn't emotionally very stable and I always wanted to immediately gain back what I lost. Over time, I learnt that I don't need to make all of my profits today or tomorrow because I'm gonna live for a few more decades, so I decided to dedicate myself to long-term holding instead of day trading. Now, I only buy and sell a few times a year and I'm much happier with the results, my stress level is also very low.

[Strongkored]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

It seems like they are lying, because even a professional or someone who claims to be an expert must have had their account blown, don't believe words that only talk about their trading success, you can't possibly be in a good time, because there are forces in the market that are difficult to predict.

Always learn and keep learning even after years of being a trader, and don't forget to evaluate our trades so we know what the mistakes are.

[Faisal2202]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.
-cut-
This is how we should approach trading,you are learning skills that are not taught when growing up,so it may take a while and you need to handle some few accounts so as to enable you find your stride.

You are right, there is no way that in future trading a trader have not blown their account, as once I also blew my account but after that I left future trading because the chances of blowing account are higher in future trading but in spot trading the chances are not that much, because if we will invest in good coins which are long term, then even if we by the fortune of market, end up in bear market we can wait for the next bull run, and even can make profit.

The baby example is really relatable here, a baby just don't learn skills in mother's womb, they have to learn it by practising, and by falling, and but all this time they were having support right, so we also have to admit that we can't survive on our own (not necessarily) but with some help life can be a little easier and stress free.

[CroverNo01]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

Blowing a trading account is routine that happen everyday in the market, the victims of losses are not always favored to reach the prominent phase. Losses are unavoidable in the system. All my years of trading, I've never come across a trader that have not recorded a loss in trading, its compulsory for anyone to record a loss.

Professional traders are in possession of vital information, taking concrete information that will keep them on the appropriate track. They do record losses but it's ultimately minimized, they learned their mistakes each time its been trigger unlike the newbies that have zero knowledge on the basis of the market.

[boyptc]

In that process, many don't survive.

That's why the most successful and profitable traders are the ones that have never left and never quit.
(....)

This makes sense. That's why most new traders that are just starting are traders that don't stay for a long time, most of them are just good in the beginning, and most of the reason is because they keep losing trades during their early days and some of them are leading to bankruptcy.

But other traders who manage to preserve their capital, even new traders are the one who are being successful in trading because they are still here and never quit.

They have no consistency.

And they think that trading cryptos are that easy. But that's a disrespect to the good ones out there. They need to understand how much money they've lost before they have become profitable.

Also the time that they have allotted into mastering these trades and have better winning accuracy. The newbies that sees that it won't take them longer are likely the ones that quit and have lost a couple of pennies and loses their enthusiasm.

[stomachgrowls]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

Learning to trade is a lot like when babies first learn to walk.It is a new skill that we must learn by experience…..You can’t walk for a baby,they must take the first step,then the next,then the next,until they walk.

In the process,they stumble,fall and even may hurt themselves in the process but it’s just that,is part of the process,you would never tell a baby learning to walk to just throw in the towel because it’ll keep falling,you encourage them to get up and keep trying until they are able to fully walk on their own.

This is how we should approach trading,you are learning skills that are not taught when growing up,so it may take a while and you need to handle some few accounts so as to enable you find your stride.

I do tell my real life or trading experience..

Before i do pass up my prop firm trading account then i have blown out 5 challenges before i do able to pass up my account on which i could definitely say that acquiring up such success isnt something that would really be that a smooth path to take. You will definitely be experiencing tons of challenges and failures along the way on which i could really say that it is really that part of the process, it is really just that depending on how you would really be accepting it out and taking those learns upfront and wont really be giving up so easily. The main question on here is on how you would be able to sustain yourself? This is really that something that will really be getting in line with someones risks tolerance and emotional tolerance because each person will really be that different when it comes into this aspect.

Once you do able to encounter up such mistakes then you would definitely be trying out to apply it out into your current dealing then adjust accordingly. If you wont learn then you wont really be seeing any progress.

[Questat]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

Almost every trader has blown their account. If they have not, then they have come very close to it. It is an experience that teaches how to manage risk that books and watching other can't teach you. You learn and adapt to it from experience. I am a big believer that you learn better in the live environment than in demo because in demo trading , you can't blow your account and really feel it. It is only in a live trading that you really feel what it means to face risk and manage if after you have blown your account.

Emotions are different during demo trading and when you’re finally in live trading. If you are still good in controlling your emotions when you’re at loss during demo trading, well it’s very different seeing your account turning into losses during live trading. This is why real trading experience is a must. And it takes more than one loss before you will realize and learn trading the hard way.

[letteredhub]

If you got liquidated maybe you shouldn’t be trading at all. Why don’t you try something else this time? Hodling is way more profitable if you are a bad trader and since you already blow an account, it means you are a bad trader.

Naah mate it doesn't work that way with trading, there are lots of professionals traders today who ones blew their accounts severally before getting better off and started having more successful trades to losses. Before you would be having a blown account you would have gotten much experience with each mistakes that led to the account blown, and it's those experiences put together that carves out a better trader.

Gambling isn't a game that you'll have to abandon because it didn't work out for you after a first two trials, except you had never really wanted to be a trader but just wanted to add to the numbers.

[justdimin]

there is no way that in future trading a trader have not blown their account, as once I also blew my account but after that I left future trading because the chances of blowing account are higher in future trading but in spot trading the chances are not that much, because if we will invest in good coins which are long term, then even if we by the fortune of market, end up in bear market we can wait for the next bull run, and even can make profit.

The baby example is really relatable here, a baby just don't learn skills in mother's womb, they have to learn it by practising, and by falling, and but all this time they were having support right, so we also have to admit that we can't survive on our own (not necessarily) but with some help life can be a little easier and stress free.

Future trading is so risky! It's scary, I did it a few times, and I almost crashed out and got out by skin of my teeth and I did demo and every time I did demo I crashed to zero and had to reload and try again. I do spot trading and my rate of being wrong isn't as bad as futures.

I know they are the same thing because if it goes down then it goes down for both and if it goes up then it goes up for both, and somehow, whenever I buy spot because I think it will go up, it's likely to go up, and whenever I sell because I think it will go down, it mostly goes down, futures isn't like that because at futures when I open long then there is a big chance it goes down and whenever I short then the price may go up, don't know why I am good at one and bad at the other.

[Asiska02]

In the process,they stumble,fall and even may hurt themselves in the process but it’s just that,is part of the process,you would never tell a baby learning to walk to just throw in the towel because it’ll keep falling,you encourage them to get up and keep trying until they are able to fully walk on their own.

This is how we should approach trading,you are learning skills that are not taught when growing up,so it may take a while and you need to handle some few accounts so as to enable you find your stride.

I wish all traders that gave up in their trading journey are going to behave like a baby that is trying to learn how to walk, those babies never give up and keep trying irrespective of how many time they fall down, they still get up and try again until their feet are strong enough to hold them and walk through the phase of life. Traders give up easily after some few failure along the learning process which is a part and parcel of becoming a good trader.

Blowing one’s account is what I think all traders have done before and you can’t because if that conclude that you can’t make it through trading or trading is a risk gambling venture. With time you grow, those failures and blowing of account are part of the process you need to first understand and be okay with it, very soon you’ll find an edge and all that will become story for another day, like you never struggled tht hard to make it to that stage in trading.

[tvplus006]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying...

Yes, you're right. As a rule, they begin to study the risk management strategy after they lose their deposit. About the same thing happened to me, I started studying and trying to adhere to a risk management strategy after I lost most of my deposit.

[Baki202]

Trading platform is a very risky platform, it is better to use a very small amount of money to trade on the trading platform first. Using a small amount of money on the trading platform means that even if he loses, he will not be too hurt and he can control himself by losing that money. When a small amount of money is used on the trading platform, if he loses that money later, he will be able to experience better trading. All those who have become professional traders have gradually gained experience on the trading platform by spending a small amount of money and have acquired trading techniques due to which he has gradually become a good trader. So whatever you do, you have to start trading like a child so that you can walk slowly like that walker.

And the more the risk the more the profit some times, when it comes to trading we are suppose to know the kind of dangers that it comes because trading is not something that is easy it is very technical and if you don't pay attention then it is as good as nothing so you need to pay a lot of attention to what you are doing so that you don't lose your money because of lack of attention that is suppose to be given for traders but no we rather focus on the money which is not suppose to be so because when you choose monthly over knowledge then you face more challenges because you will be lost, we know it's not easy to want to learn but it will be betterment. And when you are consistent about all this then it is better because you will even gain more experience because there are people that all they trust in is not more than trading signals.

[Natalim]

This is not new to trading. Everyone can blow their account most particularly for beginners. That’s why there is a step by step process in trading. You don’t rush to trade just because you are hunger for profits, but you need to give it a time learning the basics, learn from the experience of early traders, and most of all learn from your own experience.

There is no perfect trader, and that anyone can lose in the process. When this happens, it only means you need to improve your trading performance. Be more skillful and strategic, and of course be more patient and do more good in doing technical analysis, probably you can start increasing your potentials as a trader from there.

[Tomohisa]

Take a break, seriously. There is a thing called 5 stages of grief, I won't go into detail since most of you know about it. Basically, you aren't cool-headed enough to do any more trade after taking a huge loss on your trade account. The more you want to jump back right into trading, to recover the loss, the more likely you are to make mistakes. Sometimes, you've to take the loss straight at your chest and need to move on. But of course, easier said than done.

[lixer]

Trading platform is a very risky platform, it is better to use a very small amount of money to trade on the trading platform first.

Trading is risky but if you include the word 'platform', that becomes subjective already since there are lots of trading platforms in the space and then there are legit and scam trading platforms.

When a small amount of money is used on the trading platform, if he loses that money later, he will be able to experience better trading.

I think it was actually when we lose huge is where we can learn our lessons more successfully.

All those who have become professional traders have gradually gained experience on the trading platform by spending a small amount of money and have acquired trading techniques due to which he has gradually become a good trader. So whatever you do, you have to start trading like a child so that you can walk slowly like that walker.

As a starter, yeah that it is a must to start with a small amount and gradually increase it only once our knowledge increases too. I can see that you use 'walker' there as your example but not all babies uses it and yet they still can walk properly. They have more advantage in fact. Now in terms of trading, mentors must be our walkers.

[Bushdark]

If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

I love to go for the second option, I will never believe that a trader exists who has not blown his trading account even if it's just once. That's how we are all welcome into the world of trading, we must all experience this to be bolder, braver and better traders. This helps us to go back to the training table to train more on what to do and what not to do. It is over time we become a better trader when it will now be difficult to lose, but it's provided if we have gotten it right by then, it's not automatic.

Has a trader, there is no way you are not joking to blow your account before you become a pro trader.
Trading is not just about trying to make money from the financial market. You need to have some experience which will make you strong when it comes to making decisions in the market. Trading is not just about making money in the market, you need to know what you are doing and learning and become part of trading which everyone need to accept to become a profitable trader in a long run. I know that there are some people who believed that you can never make money from trading which is a big lie.