Hope for the best, but expect the worse!

[Gooner0]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

[adaseb]

Yeah thats pretty much what most people need to realise. But people never have this mind set.

Even now, we got tons and tons of BTC flows with all the ETFs but bitcoin still hasnt broken the ATH and we broke $60K earlier. People were all hoping for bitcoin to be at least $100K, especially by the amount of flows which are coming out of the spot markets and staying on the ETF books for a long time. Less supply means thats prices should be higher. However that is not the case here.

So like you said, hope for the best but expect the worse. Hopefully we dont get a repeat of August 5th.

[letteredhub]

Oh yeah, it's essential to balance both expectations as it can help the trader make informed decisions before taking on any trade. Excessive hopes and assurance on traders about their trade's has liquidated many that some even blow up their account in a twinkle of an eye on a single trade they deliberately refused to set up a stop loss for.

I'm trading you can't be too sure, even when all indicators are pointing an upwards trend you've to still going in cautiously with the inner mindset that it could go wrong, that's why it's called prediction market.

[stadus]

Losses are inevitable when trading so always anticipate that there could be chances that you might fail in trading and end up in losses, that's why it's an essential thing that you trade only when you have sufficient knowledge and skills, and when you think there is higher probability that the market will favor on your trades. Otherwise, you'll never be a successful and profitable trader.

[logfiles]

This kind of approach actually helps one to manage their risk accordingly. Trading involves losses sometimes, but how much one has lost is what matters. When one expects the worst, they don't only focus on winning, but also safeguarding the position in case things go south. This helps them not blow off their accounts and therefore stay longer in trading.

[Charles-Tim]

Its like a learning process that never ends.

I like this because most traders learning process in trading could be forever. They will only realize that they are losing as they continue to trade. But there are exceptions. I mean people that make money from trading. Just think of small earning and you have more chance to earn money from trading. But most people only think in one direction. Which is trading is a fast means of making money. That is why they will prefer day trading which is the most risky type of trading.

[Churchillvv]

As long as trading is in concern this particular proverbial statement should always be in our mind every time. No matter how better we can be trading in our life time we should always remember that we are gambling on our skills, it's a 50/50 game its either you win or you loss.

So if anyone is losing and if they remember this statement they wouldn't give at an early stage just because they have now known what to expect and what not to expect.

[TastyChillySauce00]

some people also always said to use risk capital, or the money that we can afford to lose, implying that we should already thinking that we lose that money in trading even before the trade occurs and we shouldn't be salty about it.
this helps people not becoming mad and ego trade when they lose their money, to prevent from further lose.

it's undeniable that some newbie when they go into trading for the first time always thinking that their $100 might turn into $1 million and the next month they will buy lambo, the reality couldn't be more far off than the truth.
what the newbie gonna have for the first few months or years is consistent loss, but they'll grow out of it eventually if they are smart enough.

so yeah, expect for the worse so you won't be stressing.

[MusaMohamed]

I like this because most traders learning process in trading could be forever. They will only realize that they are losing as they continue to trade. But there are exceptions. I mean people that make money from trading. Just think of small earning and you have more chance to earn money from trading. But most people only think in one direction. Which is trading is a fast means of making money. That is why they will prefer day trading which is the most risky type of trading.

They can choose a simpler way, investment but chance to get rich quick with trading leads them to a tougher way, trading.

Trading is risky like you said and it is more dangerous with Leverage, Futures trading. The loss rate with Leverage, Futures trading is bigger than a loss rate with Spot trading but these trading types are the same, most of traders lose their money with time. If they start with 1 BTC for trading, they will lose it to 0.9 BTC, 0.8 BTC and even lose it to 0.3 BTC after one bad position with liquidation. The math of loss continues with 0.3 BTC and loss rate of 70% from liquidation, they will successfully reduce their bitcoin capital for trading to only 0.09 BTC. This is their left capital after two liquidations.

Continue to be liquidated, a third time, will cause their trading capital drops to 0.027 BTC. It's almost the end of their trading job.

[EarnOnVictor]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

This is a nice one, I mean both the heading and the body and as short as it is, it carries the needed information and advice. I agree to them since most traders are victims of trading because of the easy way they see trading and most painfully the way people introduced it to them as if it is a simple walkover, which is not true.

The minds of such traders are often positioned to trade and earn so easily, some would even advertise it as cheaply as going to an ATM machine with a master card (not the company) that unlocked free money from the machine. I wonder why people would not be so relaxed in that. When they face reality, it might have been too late. By virtue, some may overcome it, but some will leave trading ASAP.

For this, preparing oneself with such advice given will go a long way to rather get prepared for the worst, and if the trader got there and found it cheap, good luck, after all, he didn't relax his mind towards the trading battle.

[Barikui1]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

Yea it's actually the best mindset to start with, by calculating your loss before your profit, it's all what most of this experience and profitable traders do, they mostly calculate how much they are willing to lose on a single trade, before calculating how much they are going to eventually make, and the best way to go about it is by trading with an amount you can afford to lose, so in my own perspective, as a trader, that's the beginning point of knowing exactly what you are doing.
And  this is what separate the profitable traders from every other traders, they knows that in trading, knowledge on technical and fundamental analysis alone is not enough, you need patience, and the ability to control your emotions, you need to be very good in managing your risk properly, so in essence of what am trying to say is that, just as the op of this thread has rightfully said, it's very important as a trader to calculate his or her  loss first before calculating his potential profit, so that his or her emotions can be in check.

[Yaunfitda]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

I think that's obvious though, anything is life, we should be preparing for the worse although we always do our best and hope something is going to be in our favor. But in any case it's not, then accepted it already. And as you have said, it should be a learning process for everyone and think of it as just a challenge and so we keep our and move on the next day and hope that we will win in our trade.

And this kind of mindset makes everyone really be somewhat in survival mode and not relax and this is good to us. I mean we should think that it's always a battle out there, and we can't win every time. And most of it, we make sacrifices and at the end of the day, it should be for our own good. 

[Kcrypto18]

This is also the perspective I try to have when trading. It’s good to hope for the best but you shouldn't go in expecting results will be good. Losing is just part of the process and if you accept that, it can help you learn from your mistakes. Still, this mentality requires constant practice as well! Just goes to show that trading is a continual learning process.

[Wind_FURY]

OP, perhaps this should be another proverb for the plebs like us in BitcoinTalk - "Why trade shitcoins and risk losing your precious Bitcoins and metal sanity for less profit, when you can merely HODL and be more profitable"?

Plebs like us will never win against those traders with their army of bots, who have more experience/knowledge, and who have more capital than us.

[TheUltraElite]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.

I use the statement to make people prep more than hope.

But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

If you are day trading then you have to expect the unexpected. But if you are trading long term you will be having profits. Like the people who bought at 40k levels are anyways taking profit even at these bear markets. Then the ones who bought at 60k will be holding till the ATH is reached once again.

The level of panic/calm you have? It completely depends on how your mileage is. I prefer to stay healthy so I go for long term.

[YOSHIE]

Hope for the best, but expect the worse!

Everyone involved in trading wants the best whatever the sequence and risks that occur, I'm sure no one has bad wishes, but facts remain facts, bad and good things can happen in crypto trading, no matter how good we are, if we have decided and the button is pressed, we can't say anything else, we can only accept the good and the bad.

That's why trading knowledge is very important and looking at the crypto market situation is also very important, analysis is also the same and the type of crypto chosen to determine trading is also the main key, You can be careful and if you don't consider the factors I mentioned above it will also be a disaster for us, don't be too selfish and greedy in trading, do it wisely and carefully consider it to gain real profits.

[Pandu Geddon]

Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

traders must know that in trading there is a possibility of profit and loss. in the process of planning a trade, when you are more experienced then you will have more confidence to make a profit. even if the situation gets worse, experienced traders have planned steps to minimize the risk of loss.

which may be a burden in the process of learning to trade. a beginner trader cannot escape from losses. even though they know they can lose, but more beginners cannot accept losses humbly. the hope for profit must of course be balanced with the trading skills they have.

[BABY SHOES]

which may be a burden in the process of learning to trade. a beginner trader cannot escape from losses. even though they know they can lose, but more beginners cannot accept losses humbly. the hope for profit must of course be balanced with the trading skills they have.

Beginners usually always experience losses because they do not have techniques that are mastered in trading so they can trade carelessly without the ability of existing skills, precisely like this, they will usually experience more losses than profits.

But I realized that when I first tried trading as a beginner, the loss was one that was often experienced because this was the learning process and also the experience gained, which in the end could balance the suitability of the trade.

[Hamza2424]

Hmm, this section is getting more and more theoretical and filled with topics on philosophy and tips, haha I've it least it not a dead section people are making posts here, anyway in trading if you are active, smart, and skilled at your emotion management you can minimize risks.

Trading is not for everyone but if you are passionate you can try it, at least you'll be putting in some effort, but there's another check, if you are planning to start trading on someone's earnings and screenshots from the influencers or from trading groups, buddy stay away from trading its injurious to your health and your valuable assets, mostly proofs shown by such people are fake and scripted to attract more people for selling their membership in which you'll get signals to make money overnight haha its funny if they really know the trick why they charge 50 bucks 100 or 200 for the membership they should take some trades and make money. Don't fall into such shit if you are falling into this you should never hope for the best and expect the worst always.

[The Cryptovator]

I am a bit panicky guy. Once I see the price still dropping below my buy price, then definitely I regret it sometimes. But for sure, I don't sell at loss. When I enter a trade, I convince myself to hold it for a long time until I have good profits. Nevermind if I have to wait a year or two. My intention is not to lose at least. This is actually more emotion than lead to panic. But I always try to defend my panic. Sometimes I sell at small profits when I feel need to exit from a coin. That emotion I can't control actually, and when I sell, I see the price start pumping hard. However, it's true that if we need to be a gainer from the trading, then we must have patience.