Relax, get a pack of beer, some pizza, and watch a movie or something. Altcoins are just in the process of going back up soon in my opinion. You just need a little bit of patience. Remember. This is an investment. Most of the time things won't go good for you in months. The winners are going to be the people who held their coins the longest.
Also, use stop losses. Most if not all exchanges have this feature. How to set Stop Losses on Bittrex, cleared up FOR GOOD!
Topic: how control my emotion?? - page 22. (Read 8207 times)
It has been replied a lot of times in the forum, why dont you try to search a little bit more in this board? there is a lot of information and threads like this that are probably going to help you with this. If i am not wrong, there is a book that you can download for free from an user who create a guide of how to control your emotions while you are trading.
Just search a little bit more.. it will help you in a future when you want to know something more, so you would not have to create another useless thread.
Just search a little bit more.. it will help you in a future when you want to know something more, so you would not have to create another useless thread.
Also, realize that you're now facing a potential loss at this moment. If you proceed to sell, you'll have an actual loss. Btw, most alts have lost in the past month or so due to a major bullrun of Bitcoin. Chances are the majority of alts will recover somewhat as the inevitable sell-off after the current peak of BTC occurs. In the (near) future you could try to maintain some sort of balance (50/50?) between BTC and alts. Makes you less prone to the several fluctuations of the altcoin-market!
using stop loss is a good suggestion but unfortunately most of the exchanges out there don't have this option for you to use and some of them that have it don't have a proper option with enough flexibility for you to be satisfied with it.
but the good news is that you can always use a bot if you find it hard to manage your trades and using stop losses and also if you are trading large enough and making good amount of money, it would be worth it to find a bot and set it up.
but the good news is that you can always use a bot if you find it hard to manage your trades and using stop losses and also if you are trading large enough and making good amount of money, it would be worth it to find a bot and set it up.
I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? 
hello friend you are new to this trading so first you have to learn few things about trading. because once enter in trading we never take our step back. so you are choosen flatform is good for earning profit. and you are invested in alt coins that idea also amazing but your sadness is not good. alt coins never to go down once it gone come back and growing up. so nothing to worry about that. in trading these all are common. you should keep your mind strong. in trading loss profit common things so don't feel sad about this. next don't sell your alt coins next it may grows up.
Use stop lost . I can't control your emotion.
Yeah the advice above has all the tips you should take in consideration while getting involved in trading.
Trading in cryptocurrency always require patience because we know cryptocirrencies are rendering volatility.
In order to maintain profits, It is necessary to read and understand all aspects of trading before getting into it.
Trading in cryptocurrency always require patience because we know cryptocirrencies are rendering volatility.
In order to maintain profits, It is necessary to read and understand all aspects of trading before getting into it.
sometimes a loss is better than a big loss. in technical terms use a stop loss order which is practically doing this for you. it triggers when price falls lower than your "tolerance" so you automatically dump the coin and prevent further losses.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
This is good advice. OP, if you're reading this, do take this advice in hand.
Also, you shouldn't necessarily panic -- altcoins and everything in general has a chance to go back up in the future unless it's dropping very very low. Another thing you can do is make sure you don't put all of your money into investments. Make sure you keep some of it out so that you can keep investing even if you don't do well on your current investments.
sometimes a loss is better than a big loss. in technical terms use a stop loss order which is practically doing this for you. it triggers when price falls lower than your "tolerance" so you automatically dump the coin and prevent further losses.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ?
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