As a successful trader, how do you cut your loss short? - page 8.

coinporch

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Quote from: showbiz111 on April 28, 2018, 10:47:54 AM

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

cut your loss in short, when the markets is going to other directions wich means didn't same with your predictions my friend
and cut it when the price is break the support level,
so, you will minimize the risk

coingrowth

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Buying the coins at dip is the best way we can make a profit in long-term profits so we are in loss at one end we need to find out the dip coins and buy low and sell high

light22man

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I think you just need more work on your discipline and don't do moves basic on fear or greed and everything be ok. You need to be confident as trader

Pelevelyl

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There is one secret to trading on the market, it is trading on someone else's money. The difficulty is that this money should be attracted from investors.

modmalaney

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sell when the circumstances have not been a huge loss and hold for the long term. both of these solutions is the way that it could be done however with the respective risks as well. If selling is certainly a loss but not a lot. If hold necessarily takes time to recover.

Wallflower28

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https://bitcointalksearch.org/topic/m.30660106
I believe that this thread will help you if you want to cut your loss in trading.
There are many ways to stop your loss in trading, one of this is what we called the stop-loss order but I don't think it is helpful anytime specialy if we can manage all of our coins. We can also hold our coins and wait until the price will bounce back.

rysea2

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only patience will be able to change everything, for example if you suffer losses because prices arrive pity fall then keep holding until the price recover or you can sell your coins and then buy other coins that have a higher potential increase to overcome the previous losses.

Yuuto

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Quote from: showbiz111 on April 28, 2018, 10:47:54 AM

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

You obviously don't want to end up in a situation where you have to close a position while still in a loss, to begin with.

To me, when you're trading altcoins you want to be extremely disciplined. The altcoin market itself is ever volatile, however, as a trader you need to have clear goals in mind before you even open a new position, or buy a new coin/ICO.

Have a clear sell target in mind where you will sell half of your stash, and another target where you will sell all of your stash.

Same for stop loss, set a target where you will sell half of your position to avoid further losses, and another one where you will sell off all of your position to cut losses. And all of this should be done before you even buy into anything.

But in this current market, I think that holding onto your coins may actually be more profitable in the long run, since crypto is still growing. Don't set the stop loss targets too high, otherwise you'll end up losing money unnecessarily.

arjuna BTC

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Quote from: showbiz111 on April 28, 2018, 10:47:54 AM

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

a technical analysis can show you, the point when you should cut your loss
basicly every traders must know about technical analysis,
and this will reduce the risk on their trading activity

jmlona

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My strategy is not to consider what price I bought a coin at, because that is in the past and does not matter. I simply always ask myself if it's a good time to sell or not, sometimes that means selling at a loss, often times at a profit. The price you paid for a coin is irrelevant.

rayk

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I do not use stop loss, it depends on the market how I cut my losses, if I think it will decrease more, I will sell it to buy at lower price, I know that is not always good way but it depends on the situation.

sigtmerchant

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Quote from: taktik on April 28, 2018, 03:12:11 PM

Quote from: sigtmerchant on April 28, 2018, 03:07:33 PM

Quote from: adroitful_one on April 28, 2018, 03:00:27 PM

I think holding long term will help cut your losses. Coins will drop down -50% or so sometimes, but eventually bounce back up. Key is to hold them for longer than a year or more. Eventually they'll get you into profit. That's when you sell. But, you can't buy into coins that aren't worth anything and expect to do well. You can't polish a turd into gold.

This is right, but if we're talking about the amount dedicated for trading - allowing it to be stuck in positions for long term isn't always an option as you may end up with no free BTC to trade with.

if you think that you can not cope with the crypto currency or with your losses, it is better to invest your money in a real business or where you have more experience.

Try to read my message again. Than again, until you fully understand it. This is not about losses or gains, this is about my trading strategy. I use a fixed deposit amount on exchanges which I use for trades and withdraw all profits.

Wipro

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Quote from: showbiz111 on April 28, 2018, 10:47:54 AM

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

Why you need a advice mate. There will be positive and negative reply you may get for it. If you make your locked that you want to become as trader means you need to check the successful stories as a trader on various platform.
Then you can go with Youtube videos which can help you to learn more about the trading site and how can make more money on it.
You can always look at the potential coins which is cheap at that time mate. Hope that will give more profit in some days.

taktik

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Quote from: sigtmerchant on April 28, 2018, 03:07:33 PM

Quote from: adroitful_one on April 28, 2018, 03:00:27 PM

I think holding long term will help cut your losses. Coins will drop down -50% or so sometimes, but eventually bounce back up. Key is to hold them for longer than a year or more. Eventually they'll get you into profit. That's when you sell. But, you can't buy into coins that aren't worth anything and expect to do well. You can't polish a turd into gold.

This is right, but if we're talking about the amount dedicated for trading - allowing it to be stuck in positions for long term isn't always an option as you may end up with no free BTC to trade with.

if you think that you can not cope with the crypto currency or with your losses, it is better to invest your money in a real business or where you have more experience.

sigtmerchant

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Activity: 182

Merit: 11

Quote from: adroitful_one on April 28, 2018, 03:00:27 PM

I think holding long term will help cut your losses. Coins will drop down -50% or so sometimes, but eventually bounce back up. Key is to hold them for longer than a year or more. Eventually they'll get you into profit. That's when you sell. But, you can't buy into coins that aren't worth anything and expect to do well. You can't polish a turd into gold.

This is right, but if we're talking about the amount dedicated for trading - allowing it to be stuck in positions for long term isn't always an option as you may end up with no free BTC to trade with.

Seetheummerallyeah

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Don't stop loss unless you know what you're doing and have all the risks factored in. Just earlier today, some whale dumped 21 million in BTC which filled a ton of stop losses and he rebought 60 million in BTC right after for cheap.

This caused BTC to go from $9500 to $8750 and back to $9500 in under a minute.

Read more: https://www.reddit.com/r/CryptoCurrency/comments/8fiskc/btc_1minute_candle_8750_low_9500_high_1_minute/

adroitful_one

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

I think holding long term will help cut your losses. Coins will drop down -50% or so sometimes, but eventually bounce back up. Key is to hold them for longer than a year or more. Eventually they'll get you into profit. That's when you sell. But, you can't buy into coins that aren't worth anything and expect to do well. You can't polish a turd into gold.

sigtmerchant

member

Activity: 182

Merit: 11

I always set a drop level at which I cancel my orders and sell at current market price (unless apart from short term signal coin also shows min-term growth).

tycsols

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BountyMarketCap

I think the only way out is to average out, just buy when the coin value hits the previous all time low or major support and average your investment and then it is upto you to close both positions at breakeven or wait for some profit.

mahoni2100

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Activity: 504

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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.

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