Topic: As a successful trader, how do you cut your loss short? (Read 10347 times)
I am not good enough with cutting losses, it is about my psychology, that's why I am not good trader. I have also problems with money management
If this happens, then I invest in another crypto currency, which then to some extent compensates for the loss, while I still retain the chances that I will make a profit from the loss.
I think you don’t have to wait for such a situation, which will make you give up bad assets, and Start doing other, more promising. Already today you should analyze all your assets and choose more promising ones in order to be able to correctly respond to all attacks of the cryptocurrency market.
Nice shoot !
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If this happens, then I invest in another crypto currency, which then to some extent compensates for the loss, while I still retain the chances that I will make a profit from the loss.
I rely on experience, minimize risks, discard unnecessary emotions, make calculations, limit losses on a risky transaction.
Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
just make your trading plan and follow it, if you entered into the trade, then just follow your plan. If you put a target for the profit, just close it at that level or take a risk and take your initial investment back.
According to the stop loss, if you set up a stop loss, when it is close to that level, just be brave to analyze the situation, if the trend does not look good, just close it and try to return the loss in the next trade, better than just holding a loss in your portfolio for long term.
Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
Maybe portfolio investment, means making a purchase, not just one coin but a few crypto coins in a certain proportion. In most cases, the portfolio usually consists of several coins in it. For example: Ethereum (40%), Litecoin (30%), Eos (15%), Cardano (10%), and Monero (5%). I think this kind of approach can minimize the risk of loss in or complete loss of funds.
Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
just make your trading plan and follow it, if you entered into the trade, then just follow your plan. If you put a target for the profit, just close it at that level or take a risk and take your initial investment back.
According to the stop loss, if you set up a stop loss, when it is close to that level, just be brave to analyze the situation, if the trend does not look good, just close it and try to return the loss in the next trade, better than just holding a loss in your portfolio for long term.
I don't cut my loss, I hold for a long term basis but if I trade and new money cash in to my balance to an exchange, 5% loss should be enough.
Sometime by buying other alts will have, might not really by getting all the investment but changing some investment work especially if the coins team have no plan to move.
I'm not really a successful trade, sometimes I also lose in trading. But here's my point of view on how to cut your loss. Firstly, if you want to hodl that coin for a long term run don't cut your loss just let the coin freely move, forget about him about a year and see the result after that. And for day trading I cut my loss, always use stop loss when you trade for long term. I go with 5%-10% stop loss.
I don't cut my loss, I hold for a long term basis but if I trade and new money cash in to my balance to an exchange, 5% loss should be enough.
Sometime by buying other alts will have, might not really by getting all the investment but changing some investment work especially if the coins team have no plan to move.
I don't cut my loss, I hold for a long term basis but if I trade and new money cash in to my balance to an exchange, 5% loss should be enough.
I use stop loss to limit my risks and losses when trading cryptocurrency. This tool is the key to making money in trading.
everyone doesn't like cutting losses and if the loss is still 20% then I will do it. but if the loss has exceeded 30% then I keep holding it and I will wait until it falls and after the lowest price is reached then I will buy it more. because if there is a small or large pump I can sell everything right away.
Always protect each penny you gain, aside from the normal buy low and sell high that we crypto traders do we can really take advantage of stop lost we this will allow us to go after the peak with a precautionary measure m, knowing that you have that firewall makes you maximize your investment.
It's difficult to cut losses this fast few days due to the price value in the market, but before through selling it and trying to do buyback when the price falls help in cutiing some losses or by buying other potential coins that have chance to arise quickly.
Always protect each penny you gain, aside from the normal buy low and sell high that we crypto traders do we can really take advantage of stop lost we this will allow us to go after the peak with a precautionary measure m, knowing that you have that firewall makes you maximize your investment.
Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
When it comes to trading you should always have an exit strategy even before you make a trade, you need to set an amount of money that you are willing to tolerate to lose during that trade and once you lose more money than that you need to cut your losses and move on, I know that a lot of people do not like to think about this but if you do not think about the worst case scenario then you will not be prepared for it.because if you make a wrong move your money will definitely get stuck and you have to play cut lose
I always diversify risks. Never buy each altcoins more than 10 percent of the total. And I'm not panicking. If something flies down, I'm waiting for the price to rise, to sell at least to breakeven.
Successful trader never tells people his tricks, as he wants to remain the best 
Based of % of your portfolio value i believe
At least from what other people whom always said
Control the risk and reward
However, i fail it xd
I am always the one who did not cut loss because believe it will bounce and got rekt at last
At least from what other people whom always said
Control the risk and reward
However, i fail it xd
I am always the one who did not cut loss because believe it will bounce and got rekt at last
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