If you're ~15% in the red, is it crazy to sell? - page 10.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

If it is ethereum then it will be better to hold it for some period of time. I think the price will soar again someday because ethereum is one of the best alts with good development and it is used by a lot of projects out there.

BitcoinHunt3r

legendary

Activity: 2954

Merit: 1155

Leading Crypto Sports Betting & Casino Platform

Quote from: jcpone on October 21, 2018, 06:40:03 PM

Don't lose your patience and hold. Believe in the coins you're holding wait until the next bull run and it is coming near, if not this year maybe early next year. Positive thoughts are slowly set towards rhe end of the year.

If OP talk about bitcoin, it is worth to wait more because bitcoin price still can increased, at least wait until December and OP can decide what will he do for his investment. But if me, i will wait more.

jcpone

sr. member

Activity: 685

Merit: 250

Don't lose your patience and hold. Believe in the coins you're holding wait until the next bull run and it is coming near, if not this year maybe early next year. Positive thoughts are slowly set towards rhe end of the year.

lornadane

full member

Activity: 529

Merit: 101

The Ethereum price seems to stick at 200 USD and above. Personally, I don't think ETH price will go down under 200 USD! So, You can hold your bought ETH or you can buy other coins to trade. Because by trading with other coins, if you make profits then your loss will be recovered! And, -15% red is not a crazy time to sell. Good Luck

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

Quote from: MrVuuu on October 15, 2018, 02:06:45 AM

15 percent is too much. I understand you are trading without a stop loss. So you are a novice trader and most likely you will merge the entire deposit))

15% isn't much in the cryptocurrency market and this is why people call it a 'too much volatile market' 15% is a percentage that can be seen easily if you follow the market, it isn't something exceptional.

Additionally, a coin can be ~15% in the red but and you can still be in profit. So 15% is subjective. If someone is trying to moderate a loss it could be wise to wait

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

-15% loss on your port isn't really that too big yet the price entry or gaps isn't really that deep and you decide to sell just because of that hope to retrieve that 15% back?
No it isn't possible on where your insights or intuition would go exact as you expected.It would even go deep even more and in result you are just deepening your loss rather
than if you tend to hold it on the very first place.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: otundebis on October 19, 2018, 12:36:48 AM

One if the good attribute of good trader is the ability to adapt, improvise and foresee the possibilities. If I were you, I will take 15% loss only provided I have seen trading opportunity that will enable my recovery and perhaps profits!

Same here, but of course check the support and resistance graph first. No, its not crazy to sell at -15% losses if you anticipate a more dump an l lose even more. If it goes lower, if you sold at 15% loses, then you can buyback at a lower price or on its dip.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: Renaldi blackspadeteam on October 18, 2018, 07:27:31 PM

maybe this action does not apply to those who are Hodl long-term, I also ever been stranded when the bear market happened and got a loss of 11% but I kept Hodl and after almost half a month the coin price went up and I only got 0.5% profit, I will still thankful for the benefits I got even though the amount was very small.

Obviously those who are holding for the long term are never concerned about how low a market goes they just know they are taking advantage of the low market and buying in for the future because that is certainly the most important part of it all. It is one thing a lot of people tend not to understand and until when people start understanding what they are investing in and seeing the bright future ahead of them before they would start realizing they should be paying a lot of attention to the long term than the short term.

Quote from: tonlong on October 18, 2018, 09:57:56 PM

The crypto market is really complex and unpredictable at all. Today the Altcoins index is rising and tomorrow drops to nothing so you can buy at the current price is cheap but tomorrow It's important you have faith in it and less panic and panic.

Very complex and volatile and you really need great deal of knowledge if you want to be taking advantage of the market fluctuations. It should always be dependent on your strategy most of the time and how you are really getting to see the market, while investing. Are you holding for the long term? Then in that case you want to be holding. And if you are trading the market fluctuation, then you should always have the plan and whatever your plan or strategy is, is what you should be sticking with as an individual or as a trader. The most important thing is never to get caught up in FUD or FOMO.

kaizerblitz

full member

Activity: 504

Merit: 105

I always learn hodl it anything happens i believe on altcoins including Ethereum. You must know how to be patience all the time remember this is a early stage for crypto soon crypto will be booming including of bullish again of bitcoin run maybe this december bitcoin will start move positive that will affect others.

otundebis

full member

Activity: 630

Merit: 100

One if the good attribute of good trader is the ability to adapt, improvise and foresee the possibilities. If I were you, I will take 15% loss only provided I have seen trading opportunity that will enable my recovery and perhaps profits!

shuvro_

newbie

Activity: 28

Merit: 1

Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

It's simple for crypto market ,just be patient. We should be patient until it backing up

tonlong

sr. member

Activity: 726

Merit: 250

The crypto market is really complex and unpredictable at all. Today the Altcoins index is rising and tomorrow drops to nothing so you can buy at the current price is cheap but tomorrow It's important you have faith in it and less panic and panic.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

You're absolutely right. This is where the trading psychology comes in when faced with such a dire moment. The question, "To be or not to be" like in William Shakespeare's Hamlet dangles before you. To sell or not to sell? For me, selling even at a 20% loss isn't much of a loss knowing that the coin is getting seriously dumped. But I won't sell Bitcoin at that loss no matter what because I know btc will always find its way back up. It might take a while but it definitely will rise back.

Johnzky

member

Activity: 616

Merit: 30

Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

It depend on your capacity on holding because our needed defies on what is our available amount.wht i am saying is if you are in need of cash and you have no option but the coins in folio,selling in what ever percentage of losses is not in consideration.but if you can afford to hold then why need to sell of the cut losses

Renaldi blackspadeteam

full member

Activity: 504

Merit: 100

maybe this action does not apply to those who are Hodl long-term, I also ever been stranded when the bear market happened and got a loss of 11% but I kept Hodl and after almost half a month the coin price went up and I only got 0.5% profit, I will still thankful for the benefits I got even though the amount was very small.

jems

sr. member

Activity: 854

Merit: 250

If I become you, then what I will do is to dig up more information about the coin that I am interested in. If there is still hope with some good information, I will keep holding it. But if I don't find anything then I will try to find another way by cutting losses and waiting for it to return below. Maybe this looks more complicated, but that's what I usually do.

paxaway21

member

Activity: 364

Merit: 10

For me it's ok to sell early to avoid lossing so far if the price continue dropping for its price.
It's better to sell early than loss 50% to 70% if they continue dumped for their coin.

sinkfish

jr. member

Activity: 252

Merit: 1

sell at 15% is better than loose at 90%. either you come back later when its bottom or you have to wait the coin price come back.

cfif123

sr. member

Activity: 532

Merit: 250

Quote from: MrVuuu on October 15, 2018, 02:06:45 AM

15 percent is too much. I understand you are trading without a stop loss. So you are a novice trader and most likely you will merge the entire deposit))

absolutely right because most beginner traders experience losses because he panics continue to sell at a low price, even though if you want to wait, you can certainly avoid losses and will also benefit

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: omonuyak on October 15, 2018, 01:34:17 AM

In this cryptocurrencies market you have to be patience in other to be able to make money. 15% down is not enough reason to sell as sometime market do reverse at that level! Remember that trading is game and you should learn how to play it well in other to be able to make profits and not loss.

Patience is not what would really be the main thing you should be looking at; it is your knowledge and strategy that would count. For OP to have asked such a question, I am sure he possibly entered the market without a strategy and in that case, I really do not think anyone should be making short term decisions without at least having some knowledge to do so because in that case, you can easily get burned.

Knowledge is the only thing that can bring about you having a strategy and with trading, you really want to see it more than a game but a profession so you can always make decisions without having to put in emotions based on your strategy.

Topic: If you're ~15% in the red, is it crazy to sell? - page 10. (Read 2466 times)