Quote from: Coolcryptovator on Today at 02:27:49 AM

As you mentioned losses effect is psychologically, I am agree with it and that's why it's quite complicated overcome losses. Because all logical thoughts become inactive for quite sometimes after lost fund. But the main thing to overcome losses is patience, cool mind traders probably gainer than normal traders who couldn't control emotions. We should explain yourself during losses that we will gain on another trade, so just learn from your past mistake that you have done with lost trade.

I know it's easy to say but difficult to do, but fortunately there is no other way. Don't trade a single with your all portfolio funds, at least divide it by four and trade different coins or just hold your funds rather than buy single coin. You may trade multiple coins but more than three isn't suggested at a time (depends on funds limit) and better play with only couple of your favourite coins. Besides that study more and learn market analysis by yourself, don't depends on signal providers.

Having an edge in the market that makes you money should't make you think about losses too much. (A good risk to reward ratio will cover up all your losses in one winning trade!)

...and also one needs to follow a good risk management plan that suits you.

Quote from: Wexnident on Today at 04:16:09 AM

Have a limit, set a goal to achieve, and well, accept that anything you've started trading is already lost. Especially having a limit and a goal, those are especially important if you aim to trade in the long run. It wouldn't matter much if you're a rich kid aiming to become richer by trading since losses can be neglected cause of your rich-kid status, but if you aren't, losses are something you have to accept, you have to take in, and you have to understand. Don't avoid losses but rather study them and prepare measures to ensure that you won't turn crazy by doing so.

Or you can just do this. Honestly most tips are absolute bs since most people have their own way of coping up to losses, even I can't handle my losses that well even though I follow the tips I just said. Bottom line is you should do something to make yourself calm down after losing so much. That's basically it. The way you do it isn't probably important, as long as you know, it doesn't go over line like killing people to calm down, but anyway, as long as you calm down, you can basically do anything. If trading after losing so much calms you down, you can do so tbh.

Great point!

Everyone's method of getting over losses varies. Find that which works best for you. Just don't beat yourself up too much afterall, You don't expect to win everytime

Quote from: drlukacs on Today at 05:00:17 AM

I have read Dr. Elder's book and he always has a 6% rule. If you trade continuously but the entire order is at a loss, your account number has decreased by 6% then he advises that we should leave the market briefly. The first is to stabilize the mentality and look back on your mistakes. Then review your trading system and correct those mistakes. When the psychology stabilizes, we return to the market again to trade.

I refer to mine as the 3-5% rule! Grin

Once i lose this range of percentage of my account, i stop trading for the day, cool my head, do something else and probably comeback to check my mistake later in the night.

Some losses hurts badly though

Quote from: maydna on Today at 06:08:56 AM

The new traders will not concern about the losses because they attracted to trading after they read many success stories. They are not ready to get losses in trading, but they have a passion for trying trading. Perhaps, we can suggest them to be aware of the consequences of the trading itself, and we always tell them that trading has two option, profit and loss. They need to prepare for anything that might happen in the market, so they know what they need to do if they are in hard situations.

I know and realize the consequences to get lost in trading because I already make many losses before. I only say to myself that I need to calm down first if I get lost, keep trying to analyze the other coins and don't regret the loss that I got. I am sure that if this day we lost, it doesn't mean that we will get another loss in the next hours or next days. Managing our money will be necessary if we can not see a big loss happen to us in a second, so we still have money to buy more amount if the price is down.

Every new trader is sold the dream of trading.

No new trader ever considers loss. All they do is calculation of what their compounded account will be in months without factoring in LOSS!

Quote from: CarnagexD on Today at 07:02:46 AM

You are having a bad shot mate on trading it is better if you will take a break because it is the hard times in trading and one of the things I usually do that you can adopt too is taking a break for meantime and analyze the situation why you lose up your funds and it is more convenient also it helps you to make understand what is your mistake. Also use the trading indicators those are one of the best things you should use on trading but we have different techniques for me I'm using the Moving Average Convergence Divergence (MACD) because it is easier for me to understand the next kind of market movement. Also losing is part of trading that all of the professional traders already experience that kind of problem. You should take a rest for a meantime.

This is quite necessary.

Quote from: Latviand on Today at 07:36:58 AM

Never trade when you don't have a back up money that you can use for yourself or for an emergency purposes. Forcing yourself to trade is never an idea, always trade when you are prepared enough depends on your speculation and after performing technical analysis.

This point is crucial!

Trading with your last cash/ money you can't afford to lose or a borrowed money will make you cry.

Quote from: ReiMomo on Today at 11:25:17 AM

This means that you only spend that you can afford to lose, the same on gambling.

Losses in trading can affect the trader either severely or mild depending on how the trader handles it. Pro traders think that they not get affected by any lost but in reality, all of us do it is just some of us can handle it in the most suitable and convenient to them that they can just simply accept or ignore it within a few minutes.

Traders should always know things that they love to do like playing online games or paling basketball for that when a trader loses then he can immediately divert his attention to a different thing and may provide him a positive outlook again. This strategy is applicable to me but some may not because all of us still have individual differences.

Risk what you can lose.

What i do most times to avoid the psychological trauma that comes with a loss is that i deduct the amount i'm risking from my current account balance. so in my head, i know i have X amount left.
I take it like the money i risked is gone already.

I see losses in trading like the overhead in a business (amount used for general upkeep of the business)