Already lost 50% of my capital - page 35.

Birdyyy

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Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

Just buy btc and hodl
Real trading is for pros and not for noobs

EinWert

full member

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I had the same problems 3 months ago, when i just started. But after i "invented" my own strategy after brain storm and right now i have X12 from this balance. So you need to fix your mistakes

akamit

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Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

You cannot say that you have lost 50% of the capital, unless you have bought shit coins.
If you had bought good coins / volatile coins then it is more likely the price will rise again. All you need is to be patient and wait for that day.

Crypto trading is not like forex where you will lose everything due to wrong entry.
In crypto trading you are buying an asset and which belongs to you until you sale again.

But if your trading style were like to set stop loss for every trade and you lost 50% that way, then you should be more careful and do deep analysis before trade execution. The loss cannot be return back, you have to earn it again with your rest 50% capital.

If I have faith in X coin then I do not set stop loss.
And I don't mind to hodl that X coin for long time, but I want to exit with profit.

And if I don't have faith in Y coin then I use stop loss and a sell order with very slim profit.

Make your own strategy and own capital management. It helps a lot.

Try to avoid Bittrex.

Good Luck Mate!

iffeanyii

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i lost over 90% of my capital. it was hell for me. i lost interest and almost flt like abandoning crypto. but i remembered i was broke and and unemployed. i restarted with the remaining 10%, been participating in bounties and Airdrops. i have recovered over 40% and still growing. between trading is hard and in crypto there are a lot of bad guys wanting to dump you their bags, lot of HYip inform of 200%- 8000% in stake returns. be careful. workhard, stay strong. oneday you will be a winner also. btw everyone in this space has made a loss

haroldtee

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Quote from: xurestey on November 28, 2017, 09:02:20 PM

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

I also lost 80% of my capital after joining the crypto for 2 months. I also started with Bittrex. But I trade the whole capital loss. Currently I have gained some capital and interest. My experience is that if you have large capital, please trade on sites such as Bittrex, Poloniex ... If your capital is not large then you should trade on smaller sites like Cryptopia, Novaexchange, Coinexchange, Yobit, Hitbtc. These commercial pages have a small volume that is less affected by market fluctuations.

It is not about the site you are trading. You can lose even if you are trading on the most reputable site. Where site comes in is just the security of your funds. The most important thing is never to start trading without learning, which obviously the OP did not. I am not judging him, but in cases like this, shits like losing will always happen. 80% is huge and you really need to hit the books right now or you will lose more.

For the OP, browse on the coins you are holding, if they are worth holding, you can hold and hopefully they get pumped as some of them already are. However, if they are shit coins, dump them and look for a better market. Also, do not enter from frying pan into fire, go to Google, go to Youtube, there are lot of resources you can learn from to start trading safely and never follow any pump and dump group cause they will ruin you. Remember as well that stop loss is quite important if you are not sure of the coin you are holding as I am sure most of your losses would have come from the recent dump in Altcoins before the BTG fork.

hheight

full member

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Take a break and analyze current situation is the best what you can do now. Obviously, your strategy doesn't work. If you're trading shitcoins - don't

Now is the best time to invest in the top currencies.
In addition, I would recommend you to take a look at the ICO coming up - new trading platform ALGORY, which will help to avoid such a situation.
Good luck, mate Wink

patt0

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Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

What coins are you currently holding? With the increase in awareness about crypto, much of it happening because of bitcoin of course, a lot of money is entering the markets. We were used to see bitcoin rising and alts decreasing, and then alts rising and bitcoin decreasing. However, in these last days, we are seeing almost everything rising, because fiat is flowing into the market. Chances are that some of your coins might go for profit.

As for advices, I would say that trying is very hard, so it's best to just buy and hold in my opinion. Choose some top coins, with good projects and just hold them.

Bayoe_noe

sr. member

Activity: 406

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I think you just need to be patient so you don't lose your capital when trading. if you panic, it will make more losses. I think if you want to trade, a good way is for the long term. a month or 2 months to hold a coin I think will make your capital safe. but if you want to trade in a short time think of the coins you'll buy really get down the price and also you must see the bitcoin price. because all the coins will go down when bitcoin starts up. that's what often causes traders to panic to sell their coins....

negancoin

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You should've stuck to bitcoin, ethereum, dash and not buying those new coins that people told you to buy.
I'v made the same mistake as you, believing in shitty coins like Siacoin etc.. Now, I only trade bitcoin, dash, Monero .. and of course I still buy other coin, but only in low low price during market crash.

Pursuer

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Where is my ring of blades...

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading.

nobody can help you more than yourself.
what you need to do is that to spend some time going through all your trades one by one and see where you went wrong. for example look into your history and see what was the first coin you bought. now try to think why you bought it, what was your reason and why that reason was wrong and look at the charts of that coin to see what happened to the price after you bought in and until the day you sold or until today if you have not yet done it.
this helps you to figure out your problems, eliminate your wrong way of thinking and finally helps you improve your decision making in trading.

you can also share more details here about the coins you bought and ask others help you out and tell you where you went wrong.

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

I'm using bittrex.

you may want to reconsider using bittrex. they have been acting very suspicious lately. there are lots of scam accusations open against this exchange...

blackwidow7

newbie

Activity: 50

Merit: 0

@pedro18
I suggest you to read a good book about trading first. Learn about "the trend is your friend", about Stop losses, about your emotions, about money strategy in general and how to save your trading capital. Make a strategy and bring it to paper! And trade exactly what your strategy said. Baby steps first!!
I had to learn it the hard way too. I started 3 years ago, lost a lot, stopped, learned again, traded demo in the meantime and then switched from normal stock trading to cryptos in february 17. It is not easy. Most people dont success with trading. But it is possible to learn it. The thing its all about your emotions. Dont be greedy - trade your plan!

And now some words about your situation: What coins did you buy? Are they solid projects or ICO or scamcoins? Are you still holding them or did you realize the loss by selling them? In several cases it would be good to hold until another bullish altseason is starting and I think it is coming soon. It were now 6 bad months for altcoins.
It all depends on what projects you are invested. And I suggest to only buy from the top 50 coins after technical research.

@slowdeath
it is not easy to notice that a market has changed in the beginning. so, a lot of people were holding in juli and sold later, when the new bear-thrend was approved

BTCeminjas

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I dont have experience in trading thats why i am here in forum just to learned about how to trade, but to add my openion about trading you must always check or monitor the coins value in crypto market cap that you trade in coins exchange. You said since may in this year you bought coins its possible by now you've earned. Much better not to sell just hold until the price pump up.

ralle14

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Quote from: Pedro18 on November 29, 2017, 01:35:33 AM

Thank you guys for those kind of words. Starting now, I starting to study about the charts or candles. So maybe for me as starter with low capital, may I start in some minors exchanges? Not like bittrex? what do you think guys?

There's no need to start on different exchanges but if that's what you prefer then go. I think the mistake here is on how you execute your trading strategy you have to make a change on how you pick the coins you like to trade.

My first trading experience also started with a loss but I immediately change things before my loss started to pile up.

Slow death

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Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.

do not take advice or opinion from people as if it were a guaranteed strategy

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital

if you bought the coins in May, why did not you sell them all in July? most of the altcoins began to fall from the end of July

siacoin rise to 700 satoshi and then fell to 322 satoshi and I bought and sold in the 370 satoshi.
current price of siacoin 63 satoshi

even ETH was at 0.07 btc as well as Neo that was at 0.006 btc, lisk was 0.0016 btc, many people still hold their coins because they do not want to have losses, but currencies like siacoin and some others that have fallen, I think they did not rise again

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Some coins are still in hold.

So, tell us which coins you have?

adaseb

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He never posted any of his trades, but if he started in May of this year. I am guessing he went big on the ICOs and other alt coin pumps like SIA coin.

Losing 50% is not bad really since they all suffered pretty bad. If he lost 50% trading ETH or BTC, then its pretty bad and he needs to trade demo for a while.

Laland

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Quote from: ?? on ??

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

Like you I am also in loss now.Don't be panic and don't panic sell.just hold your coin if those coins are good and potential.may I know which coin you have bought?

It could also depend if it is long term or short term. It is not easy for coins not found in the top 100 coin to increase gradually so better find some coin at top 20. These are the mose active and has a high gross comparing to coins that is just starting. It would take them years to at least be recognize in the market.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Pedro18 on November 28, 2017, 08:46:05 PM

Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital Sad

. Some coins are still in hold.

Can you tell us what coins you have been trading on?

In case you might not be knowing there are many shitcoins and shittoken airdrops which can be worthless to invest in. They are pumped by every begging shitposter in this forum and people think the coins are legitimate and my guess is you might have fallen prey of such a coin. After which the dump must have occurred and your calculations showed that you are in a state of net loss.

Quote

I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex.

Bittrex is good for trading and the platform to trade is least important - just that bigger exchanges have bigger volumes of trading.

Jofor74

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That's serious. You should trade on a dummy account and be sure you're proficient before trading your coins live.

magle

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It is what happens, but can you now in retrospect see what errors you made. Did you sell off on the low instead of waiting or did you simply gamble on too small coins. Because we all know the performance of ETH and BTC etc. over the last few months.

illyiller

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Quote from: Herbert2020 on November 29, 2017, 02:33:45 AM

you are losing money because you are not trading altcoins you are buying and holding them! that doesn't make much sense to be honest. altcoins are known to drop specially when you buy them after their pumps, in other words when you buy into their bubbles like what you did back in May.

To be fair, a lot of altcoins dropped > 90% from their tops, at least against BTC. So he didn't buy and hold from the top. Now that the markets have bled so much, buying and holding isn't the worst idea. But I generally agree, when the trend is down (as it has been for the last 6 months), stop trying to catch the bottom. Every bounce is a selling opportunity.

That might be changing now, though. Both NXT and XLM are looking like they want to get alt season started. Lots of altcoins are starting to hold their prices against BTC even as BTC pumps above $10k. If BTC has a sideways correction, I bet we'll see a lot of alts double or triple in price.

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