So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I will try to get it back and wait for the profit. Its better to put up a risk than a permanent loss.
I think it is better to learn more about trading and obtain more knowledge in this field before returning to it. As I can see, people always tend to do something without thinking because they think that they are great enough to start an activity by themselves. Therefore, if you lose, learn more and you will be better
yeah people always ooking for the shortcut to earn profit ,
trading without knowledge and based on nothing nowadays have been practiced by a lot of people ,
and it makes them always hurry in make any decision ,
include whe get some loss they can't accept it , and immediately try to recover it, you need to be patient when do trading.
I think such people cant be successful in the business of trading. Trading is not the game of the guess each time they better should move to gambling where you have a do or die situation in a very limited time. Either you earn a lot quickly or you lose what all you have.
We must be prepared to face either of these two. When we are having very much determined mind set then we can easily hit success with trading. Because we may lose one day but we can surely overcome those losses in very next day.
Trading's losses are not similar to what we do get in gambling. Because trading will get us chances to recover losses. So, we must have separate mind set to deal against loses.