Post
Topic
Board Trading Discussion
Re: How do you handle losses in trading?
by
carlfebz2
on 30/05/2020, 19:59:09 UTC
Taking consecutive losses in trading has led to a lot of blown accounts

While it can be frustrating, it is not the end of the world

Trading is very much like gambling, but unlike gambling all your losses are paper only unless they become realized, i.e. when the position is closed. With gambling it is quite different, and when your balance is wiped out clean, it is the end of the world of sorts. Of course, trading shitcoins is not particularly different from gambling in terms of financial result, but the difference is still one of kind rather than degree. Put shortly, seeing a few losses here and there is nothing for a seasoned gambler who turned to trading

The thing here is that you do still able to have that potential comeback or recovery since you do still own those coins that you have traded which means it not totally a loss or completely wipe out but somewhat
you are holding some less value coins but you can choose to hold em up and this is the difference between pure gambling.

Its not necessary for us to have those lots of mistakes or losses for us to learn.While we are on the process of learning, we should try our best to minimize the risk as possible.

Handling out losses might vary one each individual because not all would really have the same level of understanding and emotional aspect.