~Snipped
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
Losses while trading cryptocurrencies is painful. It's even more painful for new and beginning traders who thought that crypto is supposed to be a get rich quick scheme or an avenue to make money faster and achieve your retirement goals. But in reality, it's not the case. That's why when they come across losses, they are quick to jump into depression and come up with the conclusion that crypto trading is not a good venture for anyone to dive it. As someone who has been in crypto for a while, I've accepted that in every trade I take, there is a chance that the market might not go the way I originally planned it. So I set up additional plans to counter incase it goes sideways.
- Go back to the drawing board and figure out what went wrong.
- analyse and evaluate
- Make better trading decisions based on lessons learnt from. The loss.