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?
It is normal to experience loss, actually I lose big amount of money yesterday! I always thinking positive because I know that I can overcome all of my losses if I will control my emotions for me to create good decisions.
- Yes, we need to think more positively, continuing to think about loss will not make sense, what we need to do is to determine the next steps we should go, that may be a wait for a return or cut loss. This is trading, not gambling, loss can also be restored or minimized and this depends on the decision and our analysis but the most important thing before we start doing this is adjusting emotions, because if we are too emotional, we will be able to make the wrong decision and go away in a regret