[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 510 KB, 1014x819, 1598067867424.png [View same] [iqdb] [saucenao] [google]
21877193 No.21877193 [Reply] [Original]

Oldfags, how do you deal with losses?

>> No.21877199

>>21877193
What losses?

>> No.21877272

>>21877193
remove all hindsight and move on. pinpoint the feelings of when you felt greedy and remember to exit the position next time

>> No.21877274

>>21877193
sell and move onto a winner then sit on it

2 years of bear market numbed me to all losses, I was down to 3k in march thanks to coronavirus now I am at 35k and its looking good

>> No.21877275

>>21877193
Suicide. Respawn.

>> No.21877290
File: 255 KB, 850x855, 1597762633222.jpg [View same] [iqdb] [saucenao] [google]
21877290

>>21877193
They're only losses if you sell

>> No.21877331

>>21877274
Based

>> No.21877332

>>21877193
Only buy coins you have absolute conviction in and hold. If you jump in and out of shitcoins you are destined to lose and miss out on some huge gain and be depressed. Remove emotion from the equation, set targets and operate by a strict ruleset.

If you just emotionally fomo around like a retard you are going to lose

>> No.21877363

Dont mix money with emotions, its like a game, and we're all shooting for high scores. Some will make the leader board some will end up swinging from a rope. Get good at the game you're playing fren

>> No.21877382
File: 169 KB, 1200x628, fixed-v-growth-mindset.jpg [View same] [iqdb] [saucenao] [google]
21877382

>>21877193
learn from your mistake and grow. I believe that is the most valuable thing to do with a mistake. it's not a quick process but it's inevitable you're going to make mistakes. everything you do, not matter what the outcome, is providing you an opportunity to reflect on the experience and build yourself. growth mindset.

>> No.21877385

>>21877193
kept buying since 2018 and you'd be in the green now

>> No.21877392

>>21877193
I haven't been red in two years, and I never will.

>> No.21877397

>>21877193
lose enough that you no longer feel anything when it happens
and win enough that you chase the feeling of winning

>> No.21877404

>>21877193
by spending time in a perpetual bull market

>> No.21877416

>>21877199
This

>> No.21877417

>>21877193
I buy 10x more

>> No.21877457

>>21877199
fpbp

>>21877193
Do you understand impermanent loss OP? If so, then crypto losses are just impermanent losses. If you dont understand, then you should just sell and quit because youre gonna get burned by a bunch of people who are smarter than you.

>> No.21877460
File: 30 KB, 400x400, 1596100010540.jpg [View same] [iqdb] [saucenao] [google]
21877460

If you understand the value of the asset you invest in you dont care. You will buy even more

>> No.21877476

>>21877460
this as well

>> No.21877511

First off, anyone who came here in 2018 will always be a newfag and needs to fuck off.

Second, never marry a shitcoin. thats all i can say. I usually wait for a month of crashing before selling, unless i REALLY believe in the price
>muh iron hands
if i never sold any crypto at all, I would have less than $100,000 now. And yes, i have way more than $100,000 now

Never marry a shitcoin. Sometimes the writing is on the wall. It can take 2 or 3 weeks of dumping before i sell

>>21877460
And link is not one of those assets

>> No.21877514

>>21877193
Once you go through enough of these up and down cycles you become completely numb. It sounds bad, but honestly it's pretty cool.

>> No.21877595

>>21877193
When you step onto the battlefield you are already dead. You must win back your life.

>> No.21877630

>>21877193
you can't win without losing. learn as much as you can from each loss to refrain from doing it again

>> No.21878017

>>21877382
This is the single most bullshit pic I've seen this year. Intelligence is completely fixed. Your IQ is set even before you're born. The only possible thing is to dumb it down with for example fungus, or toxic chemicals when you're young, or with someone blowing your head off.

>> No.21878040

>>21877193
Only invest money you can afford to lose. It's the only way to be truly emotionless.

>> No.21878090

You put on All Star by Smash Mouth and do the chumba wumba while crying hysterically. Then you masturbate to some bestiality and slap your face until you feel too tired to feel anything at all. Fall asleep covered in Cheeto dust and cocaine and try again. You always get back up and try again.

>> No.21878127

>>21878017
brainlet this picture isnt about IQ, yours is evidently low though

>> No.21878435
File: 841 KB, 2048x2156, imgonline-com-ua-twotoone-LqJ5r4Yj0RHLmuya.jpg [View same] [iqdb] [saucenao] [google]
21878435

>> No.21878995

>>21878127
Gave me quite a kek ty going to bed so I can end the night in a high note

>> No.21879041

>>21877199
checking sir

>> No.21879212

I invested $10,000 in 15 different cryptocurrencies/tokens 2 - 3 years ago. I would say 10 of these cryptocurrencies/tokens have completely died. The other 5 are still alive and kicking - the value of my portfolio is currently $100,000+

In saying this, it was like $3000 this time last year lol.

The only regret I have is not investing the money I put into shitcoins - into the 5 that are doing well today.

Heres some of my biggest shames:

ELEC
ELA
ARY
BIX
SKY

and here some of my surviving coins (most of my actual current portfolio lol)

LINK
XMR
OMG
XTZ

>> No.21879253

Set a long term goal in mind. I had extra linkies when I bought my make it stack when it was dirt cheap (another hint, buy the bottom) and held out for when it reached 20 dollars. Sold those extra linkies for blue chips. Now I’m comfy. Buy a desired amount from a promising platform, hold, then diversify for desired amounts from other good platforms.

>> No.21880261

>>21877511
>And link is not one of those assets
and this is why you're talking about muh 100k as if it's impressive

>> No.21880317

>>21877193
try harder
read more
you have one shot
at the very least sit back and be able to tell yourself you tried your best

>> No.21880333

>>21877332
What if you hit your target and sell but the coin keeps pumping, feelsbadman.

>> No.21880342

>>21877193
Why are you asking the oldfag? They all either made it or killed themselves.

>> No.21880363

>>21877193
>Oldfags, how do you deal with losses?
kek. 200 iq anons hold chad coins like aave and snx and never loss. it's just the pajeets throwing $100 at uniswap scams that loss

>> No.21880465
File: 179 KB, 602x506, 1598401688744.jpg [View same] [iqdb] [saucenao] [google]
21880465

>>21877193
1) Never put money in risky investments unless you're prepared to lose all of it.
2) Regularly take profits so you're always in the green.
3) Learn to use trading software that can help you set auto-buy and auto-sell functions. If you're into day trading it makes securing profits way easier.
4) Don't lose.
>>21877199
Based af

>> No.21880520

losses are okay. The worst part is seeing all these moon missions you're missing out on while holding onto old bags praying moon

>> No.21880558

>>21880333
Once it passes your target set a stop loss and keep moving it up as it pumps

>> No.21880565
File: 51 KB, 720x709, hodl.jpg [View same] [iqdb] [saucenao] [google]
21880565

>>21877193
patience.
zoom out.
look at the big picture.
if you can't see the history, there may not be a future.

stop bitching and moaning.
this is a man's sport.
moonboy's won't /make it/.

>> No.21880611

>>21878090
This is the ideal life of a trader. You may not like it, but this is what peak performance looks like.

>> No.21880654

>>21878017
IQ isn't totally fixed. There is an environmental influence though the genetic one is far stronger.

>> No.21881002
File: 46 KB, 798x747, 1593817660017.jpg [View same] [iqdb] [saucenao] [google]
21881002

This is some of the best advice I've read on crypto trading. Thanks bros

>> No.21881213

>>21880333
if you have absolute conviction you unironically don't have a target