Quote from: bearexin on May 30, 2020, 05:05:28 PM

It has not been an easy thing to do man. There are times I will be trading and lose a money that I don't want to lose, I will end up feeling really bad that day. When we are not getting practiced to losses in trading, passing the day after a loss will be feeling like leading life in Hell. I can remember the day I lost money and I couldn't even eat lol Grin

. I was just there feeling really bad.

Well, that was in the past, I have learnt a lot and also how to manage my risks. I think anyone that wants to be a day trader or even an investor should learn risk management, it will help them a lot. You should know the level of risk you can tolerate and stick to that level. This time around when I lose money I don't bother much, because I know I will still be able to cover up in few days.

Man, you were attached to that trade. Grin

Quote from: monineklutak on May 30, 2020, 06:25:53 PM

if you trade in the spot market, the loss will definitely be replaced by another investment at a cheap price,
but if you play in the futures exchange then you can lose all your money

All markets are risky!

Quote from: bitgolden on May 30, 2020, 06:36:15 PM

That makes sense, I never thought about it that way. Trading is not the only part of life and when you end up with a loss it is a very bad feeling, you could figure out ways to see it as a good thing or you could try to just suppress that feeling, but focusing on something totally different is a great idea. I personally never tried it but from now on I am going to try it as much as I can.

To start off with watching a movie after a loss could be a great thing, whenever I feel sad because of something, I try to watch a series on netflix and I am usually watching so many and listed so many I barely ever run out, and it helps me forget them, and loss in trading is one of them that I never considered. So on my next ever loss on trading, I will just go to netflix and start watching a show, that will probably help me too.

I love your technique Grin

Quote from: deisik on May 30, 2020, 07:39:22 PM

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

Well, I believe the only thing that's separates trading from gambling is that your strategy gives you a higher probability of either a buy or sell happening.

Quote from: carlfebz2 on May 30, 2020, 07:59:09 PM

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.

If only greed will let everyone maintain proper risk.

Quote from: deisik on May 30, 2020, 09:55:58 PM

Not a very bright idea if you ask me. While it makes perfect sense in gambling (otherwise known as "roll and run"), with trading you are typically in for the long haul. It means reinvesting almost everything earned to unleash the full potential of compounding. Indeed, you may and in fact must switch between assets by selling overpriced and buying undervalued ones (known as "portfolio reshuffle"), but other than that, it is a never-ending game of making dough

And another key difference from gambling

Taking my profit without looking back helps me avoid FOMO

Quote from: Kelvinid on May 30, 2020, 11:55:46 PM

It was acceptable to have losses in trading but it was also different when you are saying ALWAYS. If this case is still happening, I have to quite in trading. There is something we need to figure out what is wrong and where are we getting wrong, our strategies? Luck of knowledge? Or we are an emotional trader.
Because we are still going to continue trading without looking these holes on us, believe me, we are not going far but just keep on losing. That was hard when we pretending ourselves that we are totally ready for this thing but actually is not. That is why we have to look back and have to think deeply.

No trader grows without looking back! You just gotta learn from your mistakes!.

Quote from: Shimmiry on May 31, 2020, 08:15:05 AM

Trading isn't an easy task nor a simple game. A trader must always set his psychological stability before taking any steps in trading as risks are common in the matter. Also, a good trader doesn't always learn just because he has been told that he must be stable under any pressure, but rather by experiencing such losses in trading and coping it up. Professionals can also loss a trade, but then it is by experience that makes him invulnerable to such psychological breakdowns.

somethings in trading can't be taught. You have to experience it yourself!

Quote from: rathaha10 on May 31, 2020, 10:36:51 AM

I agree with you. Some people believe in the concept of taking risk and losing while trading to the extent that they've forgotten losing is just to be a part that should make you rethink and restructure your trading strategies towards a more profitable one. It is okay to take risk and make mistakes but don't take blind risk, any trader that want to be profitable must take calculated risk as well be uptimistic always

Exactly! That's the word! Calculated Risk

Quote from: daglordjames on May 31, 2020, 01:58:17 PM

well i just accept ang let go about my loss i'll just do it again because i might get lucky and retrieve my loss.

I don't believe trading should be based on luck! If it is, then it is gambling!

Quote from: FanEagle on June 01, 2020, 05:07:49 PM

Facing losses is not a big thing when you are trading along with calculated risks. It means you must risk in your trading only what you are able to afford on the event of losses. Most people never think about hitting stoploss and that is the reason they will get frustrated when stoploss is happening accidentally. Moreover it is not right to call it accident because we should expect hitting target and hitting stoploss at the same level of probability; hitting both must be having equal chances. Only people who are able to understand these facts could come out of the losses and start focusing on next trade.

Yes, only people who are able to quickly accept losses will get chances to recover it quicker than any other traders. It means thinking and worrying about losses will not help any trader but we should come out of it so that we can recover from another trade. This is the basic rule every trader must remember so that they can easily handle losses while trading.

If only everyone knew that the stop loss is more important than the target.

Quote from: SquallLeonhart on June 01, 2020, 08:17:40 PM

Yeah, always is the difference here when you are trading. Even the greatest traders make losses, you can be a hedge fund worth trillions of dollars and you could still make a loss time to time. Hell they make the biggest ones that destroy the economy most of the times and have financial crisis, so we all know that they do have losses.

However, when you are talking about losing money constantly, that is something different. I personally think the best way to move on from the losses is to figure out what you did wrong and not doing that. But if you have tried many methods and still losing money, maybe trading is just not for you? I don't know the cause of the loss in topic here so I can't say something, how you lost money and why you lost money will change how to handle it as well.

Whenever one loses 3-5 times in a row, it is time to re-evaluate yourself.

Quote from: quality.crypto on June 02, 2020, 01:02:02 PM

Even we research a lot, sometimes it is impossible for us to predict the loss, though we should consider it as a mistake made by us, the business itself, there are ups and downs we have to accept both these tasks and move forward. A positive attitude will always improve the standard, which we might not repeat the same mistake every time.

Trading is a numbers game. You have no idea when you win or lose. All you know is your win ratio which will keep you profitable after all.

Quote from: Injective on June 04, 2020, 04:38:02 AM

I am recently trying the contract. Firstly, I use the stimulate functions on exchange. I open 2 orders at the same time, one for increased and one for decrease. When we have the sense from marketing place about the price, we can actually trade in the real market. As a sequence, it is hard to lose both sides.

By the way, when it is obverse to see the increase or decrease, I don't have to open for both sides. Hope this idea helps you.

Sounds like gambling to me Grin

Quote from: Lorence.xD on June 04, 2020, 09:38:40 AM

I find your strategy of coping with loss in trading very risky because you are not guaranteed to earn a profit and you are involving yourself with debt which could damage you financial and make things for you difficult, in my opinion, maybe coping with your loss is not enough, you can learn from them, study the charts on why you lost that trade, every mistake is an oppurtunity and I think loss is just a part of the journey, remember that every one has their days.

IMO, what matters is making sure your win ratio and R:R is good enough

Quote from: deisik on June 04, 2020, 08:18:16 PM

Well, there's another rule (actually, two rules). It mostly refers to investing (if we consider it a different effort), and it is Warren Buffett's invention. So here are the rules:

Rule 1: Never lose money
Rule 2: Never forget rule 1

If we draw an analogy here, it is not so much about trading the money that you can afford to lose but rather not losing whatever money gets traded. If you follow these two simple rules, you can trade as much money as you want (more money means higher profits)

Probably this applies when your position is in profit Grin