Jump to content

(Meta) How do you cope when faced with a big financial loss?


Recommended Posts

Good day,

In life in general we all eventually have that moment when we face a big financial loss. This could be due to trading, an accident, some bad decision, perhaps a legal challenge, taxation, you name it.

When put in such situation, how do you deal with it mentally? What is your coping strategy?

This is a meta question not specific to trading, but a serious one so please don't make fun of it.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,601
    • Total Posts
      91,807
    • Total Members
      41,870
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    jasebob
    Joined 21/03/23 13:16
  • Posts

    • 🟢GBPCHF broke and closed above a major falling trend line on a daily. The broken trend line turned into a key vertical support now. Probabilities will be high, that a bullish movement will initiate from that.   Next goals for buyers: 1.1423 / 1.151 For Additional confirmation use: Leading Indicators
    • Shopify Inc., Elliott Wave Technical Analysis Shopify Inc.,(SHOP:NASDAQ): Daily Chart, 21 March 23, SHOP Stock Market Analysis: Shopify keeps moving sideways as expected, as it stays between the 20 and 200EMA. As long as we do not break the red line we can assume we will be seeing further downside.   SHOP Elliott Wave Count: Wave (iv) of {i}. SHOP Technical Indicators: At the cross of 20 and 200EMA. SHOP Trading Strategy: Waiting for a potential triangle in wave (iv). TradingLounge Analyst: Alessio Barretta     Shopify Inc., SHOP: 4-hour Chart, 21 March 23, Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: We keep moving sideways in a three wave manner, which confirms the fact we are in a corrective structure. We are moving between the 50% and 38.2% retracement of (iii).   SHOP Elliott Wave count: Wave (iv) of {i}. SHOP Technical Indicators: Above all averages.   SHOP Trading Strategy: Looking for sideways continuation in wave (iv).
    • Elliott Wave Analysis TradingLounge Daily Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis  Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53 Wave Cancel invalid level: 1073.42 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave III with a chance to reach the 161.8 level of wave I at 2943.53. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave III. Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA     Elliott Wave Analysis TradingLounge 4H Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2290 Wave Cancel invalid level: 1369 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 2290. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave (3). Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.
×
×
  • Create New...