Cut loss or hold ? Some advice please!

Qwantoom

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Quote from: Targusluxe on October 28, 2017, 05:49:21 AM

I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 Sad

... should i still hold ot cut my loss?

If you can patiently wait for it to back up then hold but if not then cut lost but if I were you, I will sell it.

flyingcat

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Activity: 588

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Quote from: CowboyKiller on December 06, 2017, 05:01:01 PM

Quote from: UnlimitedMoneymaker on November 11, 2017, 11:50:51 PM

First rule of smart trading is NEVER invest all of your money in 1 coin, especially when you don't really know about this coin much. But if you already are invested big portion of your money then watch the charts, previous history, learn from the more experienced traders who is trading this particular coin for a long time and then you will decide what to do. Forget about your emotions now. Study on your mistakes and try to avoid them in the future.

No, the first rule of smart trader is manage your capital. As long as you can do it's well, you can trading anything, any type without any limit ... Why do the forex trader just traded USD-BTC but they still have a lot of profits from Bitcoin, because they can manage their capital and know their moves.

Yes, it is true. Recently, I also just trade USDT-BTC or USDT-Altcoin pair, but the profit not worse than the profit I earned through Bitcoin-Altcoin trading. The first skill to become a trader is management your capital, it is very important to become a real trader instead of gambler.

CowboyKiller

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Quote from: UnlimitedMoneymaker on November 11, 2017, 11:50:51 PM

First rule of smart trading is NEVER invest all of your money in 1 coin, especially when you don't really know about this coin much. But if you already are invested big portion of your money then watch the charts, previous history, learn from the more experienced traders who is trading this particular coin for a long time and then you will decide what to do. Forget about your emotions now. Study on your mistakes and try to avoid them in the future.

No, the first rule of smart trader is manage your capital. As long as you can do it's well, you can trading anything, any type without any limit ... Why do the forex trader just traded USD-BTC but they still have a lot of profits from Bitcoin, because they can manage their capital and know their moves.

UnlimitedMoneymaker

full member

Activity: 304

Merit: 100

First rule of smart trading is NEVER invest all of your money in 1 coin, especially when you don't really know about this coin much. But if you already are invested big portion of your money then watch the charts, previous history, learn from the more experienced traders who is trading this particular coin for a long time and then you will decide what to do. Forget about your emotions now. Study on your mistakes and try to avoid them in the future.

GaxviiBuss

member

Activity: 155

Merit: 10

I dont think 1st will reach the price you bought again, at least at the end of year. Dont hold it for now, wait for altcoin grean day to sell.

torry28

legendary

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1st blood, was got pumped until 0.001 btc on July back then. Too bad you have jumped too early, now it's worth 4,9k sat or $0.29
We can't give you (Well, a lot of peple gave you an advice to HODL it) but if you believe with this token, just HODL it. No one wanna loosing their money on trade, isn't it?

lekam0213

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Activity: 275

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Just wait and keep updating the market and study a good sense about coins.. They are very volatile maybe now that is what we see but we do not know what will happen tomorrow or the day after tomorrow. Maybe now you see it as a lost but might be a good find tomorrow.

sexycoin69

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Activity: 175

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Keep a close eye on the roadmap, there will be another bump down the road where if you decide to sell at least you can recover more funds. If you truly believe in it hold for a year.... I'm doing that with tenx even though I'm at a loss

ipanks

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Quote from: Targusluxe on October 28, 2017, 05:49:21 AM

I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 Sad

... should i still hold ot cut my loss?

my suggestion is stillhold your 1st blood because i see the line is trying to move to go up and wants to break out although its still difficult because every coins want to use this chance to increase. yes i know the price is reduce too much and not just 1st blood that is reduce, the other coins is down too. but don't worried, you can still hold it as long as you can but if you decide to cut loss then i think you need to think twice for this so if the price is increase, you won't regret about your decision.

Casmania

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Activity: 390

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Quote from: Ewox on November 11, 2017, 09:00:36 PM

Of course HODL if you can, I always hold my coins in times like these. And that usually is the best advice someone could give if your coins are at a low price. Never cut loss because you’ll regret itinthe end.

Yes I agree that we must hold it but I guess for some people its hard for them. But for me I guess we must need to hold it because we dont know that right now it has a low price but someday it goes up that someone cant control it. Never ever cut loss because we never know that we will regret in the past months came or in a year. Because holding it can gain us much income to the future. I think that was the best advice that I can give.

Ewox

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Activity: 812

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Of course HODL if you can, I always hold my coins in times like these. And that usually is the best advice someone could give if your coins are at a low price. Never cut loss because you’ll regret itinthe end.

CrazyCreeptonaut

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i would only wait for the next pump to sell . . . and buying with fiat more BTC to trade other coins while waiting

Lodipetmalu

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Start to analyze the trend, if you think that there is possibility to grow up then hold it.

AlienWithBTC

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Quote from: Targusluxe on October 28, 2017, 05:49:21 AM

I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 Sad

... should i still hold ot cut my loss?

I think it is not the time to sell your alt coins. Rather a time to look into the perfect moment to buy them

fearcoka

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Quote from: BartS on October 31, 2017, 12:52:41 PM

Quote from: Targusluxe on October 28, 2017, 05:49:21 AM

I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 Sad

... should i still hold ot cut my loss?

It depends if you do not think the project has any merits or that it cannot give you the possibility to get your money back then you should sell and move on to invest in other coins, but if you think that a project has a future then keep holding, my biggest investment has been down for almost 3 months and I have lost 50% of my investment but I believe in the project since I know is good so I’m going to keep holding for some time.

Haha, I'm still holding my atlcoins and tokens although the price of them dumped ~500%-1000% within 5 months. But to be honest, I do not recommend you should to holding your loss coin as me, because you will miss many opportunities make money and take profits more than the amount you take loss.

MI6

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more than 50% if me i will hold, that is if me, but i am never put all amount into 1 order, sometime back up and order in lower price is what we should do if our coins get dumped so much

ASICHEAD

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Quote from: bitcoinisbest on October 31, 2017, 12:21:00 PM

Quote from: Robertqueen2 on October 31, 2017, 12:05:02 PM

If I were you, I will hold my tokens, because bitcoin won't continue its up trend forever, when bitcoin start a correction, other altcoins will have a chance to grow again.

This is possible only when there is some negative news around the bitcoin. So the prices of the btc might go down. But also if I think when the price is rising btc is becoming more expensive and fees also rises so ideally people should be buying more altcoins and price should rise rather than dropping.

The altcoin price were affected by the Bitcoin price recently, we need to be patient until the treding of the market changes. However, I scare the whales will go out the market before return the altcoin market. Because they took many profits from Bitcoin, with that amount, they can keep bearish treding in more time for the altcoin market.

BartS

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Quote from: Targusluxe on October 28, 2017, 05:49:21 AM

I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 Sad

... should i still hold ot cut my loss?

It depends if you do not think the project has any merits or that it cannot give you the possibility to get your money back then you should sell and move on to invest in other coins, but if you think that a project has a future then keep holding, my biggest investment has been down for almost 3 months and I have lost 50% of my investment but I believe in the project since I know is good so I’m going to keep holding for some time.

LodisMcguire

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I suggest you hold,because the price will keep changing
Bitcoin is in the wind right now,so some alt will be in the red

bitcoinisbest

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Quote from: Robertqueen2 on October 31, 2017, 12:05:02 PM

If I were you, I will hold my tokens, because bitcoin won't continue its up trend forever, when bitcoin start a correction, other altcoins will have a chance to grow again.

This is possible only when there is some negative news around the bitcoin. So the prices of the btc might go down. But also if I think when the price is rising btc is becoming more expensive and fees also rises so ideally people should be buying more altcoins and price should rise rather than dropping.

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