Topic: As a successful trader, how do you cut your loss short? - page 3. (Read 10348 times)
Additional purchase of altcoins, the growth of some of them helps to minimize losses, because there are still promising cryptocurrencies.
The reduction of losses is reduced to the constant fragmentation of assets into various coins, to reduce the risks, it is also impossible to do without timely receipt of information through the channels of foreign resources, for example, in Telegram.
tidak ada yang akan terjadi jika kita tidak menginginkannya dan jika ada kerugia di pasar itu normal ... karena itu kita memiliki kesabaran untuk sesuatu terjadi sekarang
I prefer to invest in several projects or cryptocurrencies. Thus, if one cryptocurrency falls, the other grows.
It seems to me that you need to invest in several projects, and this will give the best results unambiguously. Many users hold about 10 names of coins in their portfolio.
I prefer to invest in several projects or cryptocurrencies. Thus, if one cryptocurrency falls, the other grows.
To reduce losses, you need to follow several rules, such as diversification of your portfolio, competent placement of stop loss positions and not to panic.
Being a trader, I am very much particular about stop loss. You should know when to leave your trading position as market is pretty uncertain. You can only recognize changing trend, if you understand technical analysis. Whether to keep tight or lose stop loss depends upon you understanding of a particular coin. You should try to maintain risk-reward ratio when it comes to successful trading.
I use stop loss and take profit to reduce my losses. This is the most important thing in the crypto currency trade and without using these two tools it is impossible to earn.
Actually it seems to be time for release, but suddenly it's hard to say. At Altco's you can make a bit of effort to wait, maybe you can bring some profit. The markets were not able to make the expected splash.
I am not a successful trader, my strategy in cutting losses is not to sell at loss. If my coin price keep dropping, I will just hold on to the coin. That is if I have confidence in the coin.
it is true, it has become commonplace because even the pro-traders who have experienced losses, and my way to deal with or minimize these losses is to not panic and monitor all the news about coins that I have.
Guys reduce their loss need. But for this you need to work out a very good strategic plan. The question of which crypt to put, will fall or rise this or that crypt. Time plays a big role. Because when the crypt at a good price, then it is better not to put it. You can fly.
To reduce losses it is possible, just not making a new one. Therefore, when an unstable behavior of the market should keep a cool head and sober assessment of the chances without any ill-considered re-investments.
It's not about cutting your losses short for us but it's more about how fast we can recover from the losses we are because everyone makes losses and that we do not by investing in bitcoin or the popular altcoins but initial coin offerings
If I have lost a part of my assets, I just transfer the remaining ones to another potentially promising currency, which is in demand in the market, and is increasing at the moment.
I wait for a good moment in the jump of the crypto currency to reduce it to a minimum or Vice versa to go into a plus.
well, in my opinion the way to cut our loss is wait again till the price going up eventhough need extra times, it is better than each day brief term. but that still rely on marketplace situation. Longterm is the wise manner to reduce the hazard and loss. in case you don't want to have loss, then do not change in cryptocurrency, due to the fact loss is a part of trading.
Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
I think as a trader, you need to first have very good strategic plan and positions of how you want to trade for you to cut you loss short, you should also know when is appropriate for you to buy and sell and you should also have very good technical analysis skill.Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
Cutting your losses is not really that hard what you need to do is to always watch the market and set a reasonable floor, some prefer to see the charts to see where the floor of the price could be, but some others prefer to set an absolute floor, like you are only willing to lose 10% in each trade you make, this is something a beginner will do but it is better than doing nothing and see how all your capital evaporates due to a dump in the price.
I keep it in safe wallets. And certainly before you sell or buy. Also, in my wallet settings, I set the security.
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