When losing most in trading

[Japinat]

Losing is always the most favored and most loved by any exchange, and winning turns a threat for them. So as much as possible, they will work things out based on what satisfy them, that's why its not surprising that losing frequently occurs than winning.

And when we start losing consistently, that's a sign to take a break, not to chase losses and end up losing everything you have.

So its okay to lose, that's part of trading. But if losing comes more often already, that's not healthy at all. Take a break, and engross yourselves for other productive activities that are healthy for you. Just come back to trading when you know you're ready and capable again.

[jossiel]

Let us know if taking a break is important in trading after one or two losses. I know most people will choose yes.

Make it as a strategy that after one or more loses is the indication that you'll have to do some breaks.

We're going to choose yes because we've experienced that after those few loses, they're all frustrating and it can't be easily managed if you go ahead and be back to it.

That's not how it goes for most traders just after they've lost. It's also not good to do revenge trading because you're likely to waste your money from those traders you are optimistic with if that's currently what's on your mind.

[AYOBA]

Sure, if you will lose in trading given break can't stop you from losing when you didn't analysis well and trading is something that is not a easy thing to do and get profit you will face some challenges and is a high risk. When you lose alot in trading to go for break is the best options but by going for break is most advisable to go and learn more and get some experience in it so that when every you get back to it you can know what to do next and using different strategies that can make you understand it better and get benefits in it. And trading can't give you full assurance that anytime you stake you can be profitable, no guarantee of getting profits because the market is always unpredictable if you're not a lucky type and know how the market moves you won't get the profits.

That is what some people didn't understand about the trading; some people are only after the profits and abandon the risks that are involved, so many traders have received a lot of heartbreak from trading and instead just quit from the trading and look for another business or any other thing that will favor them. But they will not, which is why most of the traders continue to lose big amounts of money in trading without returning.

The main problems of some people that joined trading are they wait to get a little knowledge about how the trading operates; some take it as simple gambling, whereby trading is far different from gambling. None will be successful in trading without the techniques and analysis. Because even those that have knowledge about the trading are still losing huge amounts of money, talk less of the person that doesn't have any idea about it.
 

[bitgolden]

Reaching a high where you are winning is also scary, because you start to think that you are going to get very wealthy and very rich and if you go and look back on your own past week or month and see 100%+ or more then you start to think if you could do that just couple more months, you will never need money again.

That is the most dangerous spot to be in bitcoin, because that's when you go all in, hoping that it will continue, and that's when the rug is pulled under you and you lose it all.

[SquallLeonhart]

I guess almost everyone might have faced this problem because trading is a really difficult task and just running behind trading to make money will never make us earn money. To earn money, we have to spend some time, we have to make our own research, we have to be sure we invest only if we see profit potential just taking a trade because we want to make profit is never going to make us earn profits. Loss will be frequent if we are not careful and keep expecting profits. We have to prepare our mind for loss because trading never goes in one direction. We can only be prepared for a loss if we expect one.

Our mentality should be to reduce loss while gaining some profit. Once we gain that profit, taking a step back and relaxing is not a bad choice. It can keep our earnings safe even if it keeps taggling the greed inside our hearts.

[puloweh555]

I do not trade daily; in a week, I only make a few trades. In any situation, whether in profit or loss, I always stop and take a break from trading. Even in profitable situations, sometimes it makes me want to open trades again. I have done that, and quite often I ended up losing the profits gained. Maybe it is because of fatigue and lack of focus or because of wanting to chase the losses that have occurred, but when trading more frequently in losing situations, it actually results in losing faster.

What you're saying often happens to me, and that's why I've decided not to trade every day. Instead, I trade when certain market moments occur. Even then whether I'm making a profit or a loss, I prefer to take a break.

Because if you don't stop and continue trading, your profits can be wiped out again. And when you lose you keep trading, quickly losing all your funds. From this, I learned that the first trade is the best and most effective. Because with the second, third and subsequent trades our emotions are often unstable so when making decisions we often don't think things through because we're driven by desire.

[Cgrexp]

Let us know if taking a break is important in trading after one or two losses. I know most people will choose yes.

Make it as a strategy that after one or more loses is the indication that you'll have to do some breaks.

We're going to choose yes because we've experienced that after those few loses, they're all frustrating and it can't be easily managed if you go ahead and be back to it.

That's not how it goes for most traders just after they've lost. It's also not good to do revenge trading because you're likely to waste your money from those traders you are optimistic with if that's currently what's on your mind.

You are right when a trader is suffering from consecutive losses then he should take a break. Because when we suffer from consecutive losses then it affects us mentally and we feel depressed. Due to which when we sit on emotions and make any decision it is not based on analysis but depends on big emotions. Trading to recover losses and trading to make profits are not the same mentality. So if emotions go out of control then one should take a break because it is important to have mental control to survive in trading.