Post
Topic
Board Trading Discussion
Re: How To Overcome Losing Trade in Crypto
by
SquirrelJulietGarden
on 01/08/2023, 06:54:06 UTC
Unfortunately, I am not someone who dares to return after experiencing consecutive losses because consecutive losses are enough to damage a trader's mentality, especially if the capital he uses drops very far or when he doesn't stop loss and only sees his assets continue to fall unstoppably.
When a trader loses in a streak, it is best to stop trading, take a break for a while like few weeks or several months. The breaking time is necessary to absorb the stressful mentality and to analyze what caused those bad trades.

It's impossible to revenge the market when a trader has a bad lost streak as it will cause worse trading result and all capital will be lost in the market.

Quote
I know many traders who have succeeded in coming back and being able to make a profit, but it is not easy to be able to accept defeat and if you really want to come back, it is better to start analyzing the causes of defeat and continue to improve trading skills and use only the money we can afford to lose, or start by lowering the profit target so that you only take 2-5% profit on each trade but do it regularly by first doing a good analysis.
Analyzing causes of defeat needs time and you only can analyze it well if your mentality is calm. When your minds is like "I want to revenge the market now, to cover my loss", your analysis will not be accurate and it will be affected a lot by your mentality.

Problems with traders are they want to chase very high profit and don't want to have 'small' profit like 2% or 5% but they forget a fact that a biggest success is to protect your capital, profit is less important than your initial capital. So having 2 - 5% profit and protect your capital is more than good.