As a successful trader, how do you cut your loss short? - page 6.

allohha

full member

Activity: 672

Merit: 176

Quote from: kimjenglot on May 24, 2018, 02:31:30 AM

Quote from: justin86 on May 21, 2018, 08:30:09 AM

can't

I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

it seems that the trapped buy at the end of 2017 not just me, because I also suffered losses because the current price is not also up, and it makes my capital stuck until now. and I will never sell it as long as it still makes me lose

It seems to me that even a professional and successful trader may not have time to react to real market changes. But nevertheless, you should not give your coins for cheap, because this will no longer be professionalism. It is better to wait out the whole situation.

kimjenglot

member

Activity: 364

Merit: 10

Quote from: justin86 on May 21, 2018, 08:30:09 AM

can't

I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

it seems that the trapped buy at the end of 2017 not just me, because I also suffered losses because the current price is not also up, and it makes my capital stuck until now. and I will never sell it as long as it still makes me lose

TheGOLDskull

member

Activity: 101

Merit: 100

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Loss is a part of a trader life and we have to accept it anyhow that its inevitable.
One of the ways to secure profits or at least minimize losses in this volatile market is to use STOP-LOSS functionality given on various exchanges.
Since crypto market dumps out of nowhere ,stop-loss make sure to get out of a position and buy the coins at lower price to break-even.

WaffleMaster

hero member

Activity: 966

Merit: 546

Successful traders have many techniques to limit losses. One such way is just the trading discipline to set orders to sell if it goes below say 1% or a set price they have in mind that then they would think about reevaluating their next trade. If they can make 5 good trades and 1 bad one, each with 1%, well then they'll be far ahead.

Another is dollar cost averaging if they still feel like their position is right but the market is moving against them.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Quote from: didzi on May 23, 2018, 04:24:58 PM

sell your crypto as soon as possible when the markets is going down deeper, and buy again in the bottom
so, you can collect more your crypto again in the bottom price
this will minimiza your loss and you will get more profits too, when the price is rising Wink

This can only be done by people who already have experience in trading.
need the courage to buy back, we do not know the lowest price so do not all in. prepare backup.

didzi

sr. member

Activity: 1092

Merit: 250

Hodlers Network

sell your crypto as soon as possible when the markets is going down deeper, and buy again in the bottom
so, you can collect more your crypto again in the bottom price
this will minimiza your loss and you will get more profits too, when the price is rising Wink

real eyes realize

full member

Activity: 350

Merit: 100

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

I am not a great crypto trader maybe, but I can clearly say that do not take huge risks with huge amounts. Also, in my way of thinking, panic sell never cut your loss.

In my opinion, being cold-blooded is very important to prevent losses.

sehoon

full member

Activity: 840

Merit: 101

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Before trading takes place, read a lot of things about the coins you want to trade and the coins you want to acquire. You must know how the market moves and plays as of the moment in order to cut your loss. And there are also times you won't have any loss as time goes by particularly when the green days come or the next quarters of the year.

moneyangel

member

Activity: 336

Merit: 10

W12 – Blockchain protocol

Quote from: mahoni2100 on April 28, 2018, 12:57:30 PM

you need to make mistakes in order to succeed and to get rid of the lessons in this way you will take the first step towards becoming a regular investor.

It seems I can relate to your statement, yeah that's what they called traditional way as you need to make mistakes to be a better trader but you can excel without committing errors but I think here in crypto you can't avoid that. Follow your gut feeling will be the last resort.

Raziel444

newbie

Activity: 108

Merit: 0

I'm not yet successful but I just invest what I can afford to lose.

witch

sr. member

Activity: 616

Merit: 250

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Try to turn off your emotions and set stop loss order below an important support. If your trade works out, let it swing and move stop loss order.

bagikoin

sr. member

Activity: 784

Merit: 250

play long term. I've been applying it more or less two years and am very satisfied with the results. by playing a clear long term risk of loss will be getting smaller due to the development of prices of the coins rise very high. though many doubted but the result I already feel themselves especially in the bitcoin and ethereum.

Klovezio

member

Activity: 350

Merit: 11

Quote from: alizalela7 on May 21, 2018, 12:40:07 AM

If you are a trader you want to cut short holes, then you should invest in different areas and spread them out, while the condition you apply short-term strategy and the contrary depending on tactics. so you will make cut your loss short

I do trade in different area. I won’t wait for the lowest point to buy, I always buy several times at different price. Then sell them at different price.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: justin86 on May 21, 2018, 08:30:09 AM

can't

I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

If you are right trader you must analyse the past chart also every year first three to four months all the cryptocurrencies are down in the market but this year still fluctuating. So it is your responsibility 2017 also cryptocurrecies are fluctuate in first four months so don't compare to past data. We should predict the future possibilities then only you will make success in future trading.

Leah38

full member

Activity: 1078

Merit: 102

I'm not an expert trader and I do day trading only. I join trades that are active by that time and ride with the up and down. Once you felt the trades are slowing down better get off and sell at profit. Whales play at trades and I just ride with them and get off with btc on my balance, not alts coz whales usually go to next coin the next day.

Michaiah

newbie

Activity: 58

Merit: 0

If you set table and money frame I don't see you'll be having a big loss at all, just set for a capital to start then start trading 💹 if you gain something until you doubled your capital then save the gain, then start over again, just remember the amount of your capital this is the amount you can risk to loss... More than that is no, stop and have a break first then start all over again.

justin86

full member

Activity: 406

Merit: 100

Market Integration Platform

can't

I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

Bowtiesarecool

sr. member

Activity: 1050

Merit: 295

Quote from: DevelopmentBank on May 21, 2018, 12:56:44 AM

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Good question. This is something that i have always struggled with as someone who is learning how to trade. It is always easy to buy low and hope to sell high because when it comes down to it you just need to wait for your profits to be realized and there is always A CHANCE that it will happen. However, when you cut loss, you already give up and forfeit any and ALL chances at earning profits.

So my opinion is to always buy with a long term perspective and invest in coins that you truly believe in. This will lessen your headache and indecision whether to cut loss or not.

For someone's who's been struggling to find the definitive source for learning how to trade and read crypto signals - with no success what so ever. I've found this method to be the most useful. DYOR into whatever you want to buy. Buy it, and dig in deep till it gets to your target

DevelopmentBank

full member

Activity: 406

Merit: 110

Quote from: showbiz111 on April 28, 2018, 11:47:54 AM

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Good question. This is something that i have always struggled with as someone who is learning how to trade. It is always easy to buy low and hope to sell high because when it comes down to it you just need to wait for your profits to be realized and there is always A CHANCE that it will happen. However, when you cut loss, you already give up and forfeit any and ALL chances at earning profits.

So my opinion is to always buy with a long term perspective and invest in coins that you truly believe in. This will lessen your headache and indecision whether to cut loss or not.

alizalela7

newbie

Activity: 182

Merit: 0

If you are a trader you want to cut short holes, then you should invest in different areas and spread them out, while the condition you apply short-term strategy and the contrary depending on tactics. so you will make cut your loss short

Topic: As a successful trader, how do you cut your loss short? - page 6. (Read 10348 times)