If you're ~15% in the red, is it crazy to sell? - page 11.

jonatuzc

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Quote from: Ctn on October 15, 2018, 12:12:38 AM

Depends on the coin as well which you are trading here. If you are talking about the Ether then I guess you should hold a little bit more as it is giving away brand wavy pattern these days where it does go down and come up with good prices next time. You should be holding onto it and recover yourself from it. Current market is very much fragile and is literally waiting for the crypto boom as we proceed to the second last month of the year. Dont forget last November and december had some blasts for you.
So basically for all of the crypto traders it is great opportunity to recover their trades if they are even in -50% loss. Holding is ideal in this season.

It is not all about the coins you are trading actually but on the strategy you are making use of to trade any coins. For someone who is a long term trader and have been able to see some signals to know the market is reversing in trend, setting a stop loss of about 15% or more depending on the reward to risk ratio is what really matters.

As long as you do not have a strategy when it comes to stopping loss as well as buying and selling, you will always have a problem deciding what to be doing in a market at certain points in time. Just make sure you have learned enough and you have a plan before moving in on a trade.

BitcoinTurk

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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..

The loss you mentioned is not much in terms of quantity or percentage. Moreover, you will not have lost as long as you do not sell, but you will have lost the moment you sell. The decision to be made at this point should be whether the current position should be closed with this loss or should it continue openly. If you don't need this money, I don't advise you to sell it, but if you need money, you will have to close this position with 15% damage. In short, the decision is yours.

daicavung

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Quote from: Nexus77 on October 16, 2018, 07:48:46 AM

Depending on the market because of course there is fomo and also the pump that is caused quickly and this will certainly be very dangerous if we can get the fomo and panic when buying orders when a dump occurs

That is the time to buy at high prices, and then the market value is constantly decreasing, so I think the market will soon recover and then we will earn a high profit. So, in my opinion, do not buy much fom coin, you easily fall into the peak swing at high prices

Nexus77

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Depending on the market because of course there is fomo and also the pump that is caused quickly and this will certainly be very dangerous if we can get the fomo and panic when buying orders when a dump occurs

wozzek23

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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..

Well if you have no spare coins than there is really no reason to get into the crypto trading to begin with because trading is something that takes time to master. However lets say you will continue, from now on the number one thing you need to know is to not get into these things all together with all of your money, your first mistake was to put all your eggs into one basket.

In case of any drops you should consider buying with half, if you bought at 230 with half and than rest with 200 than you will have 215 average, as soon as it hits 216 you are profiting, but now you will have to wait for 231 to profit. See the difference?

DarkBullet

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If you are trading it regularly or a day trader, -15% loss actually is a red alert already and I consider it as a huge loss. As you can see, the pump on the market stays for 1 to 3 days then the price will dump for a week. At the very beginning, you should set a price where to sell those altcoins for a profit and a price where to stop your losses. For me, if I already lost over 2% to 5%, I immediately sell my altcoins then buy it back at a lower price then the cycle repeats where I shall take the profit or stop my losses.

h0lybyte

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Selling at 15% loss is not a perfect trader's job, you should always remember to wait for the right time to come again.
The most important thing in trading is patience, having less patience will occur you in big loss sometimes, this is why someone has told to invest only what you can afford to lose

Questat

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Quote from: Reid on October 15, 2018, 09:39:30 AM

It might be crazy to sell it or should I say you are late.

You are in the trading section though so you cannot escape those kind of events. It will happen most of the time.
Think again. You are talking about holding and trading which will be a difficult discussion.
Traders cannot be attached with a certain token and that is what you are doing by now. You hold now and wait then it dips. You hold again then it dips again. You keep on doing that until you cannot even sell it anymore.

Learn the techniques in trading, don't focus on one coin only because it will break your heart once it fails.
Diversification is one of the best method but during the bear season, there is no exemptions, we will all see a bloody market and with that kind
of situation, all we have to do is just trust and hold.

dat.ho12492

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Quote from: letecia012 on October 15, 2018, 12:04:53 AM

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..

Every trader has his own trading strategy to follow if you think selling at -15% loss may be recoverable if you sell and buy again then just do so. But for me I should prefer to hold and add a little bit more when market will fall deeply to lower may average buying price. It is not good to buy at high and sell at low since you are losing your investment but if you are a day trader then maybe selling and buying again would be an effective strategy.

Well, the tactics and analysis of each trader is different, they will have different methods to deal with this situation, and I feel if we have lost 15%, we should not sell because it was too much, sell means we accept loss. And with traders, this is unacceptable, instead of doing it, we can wait and recover, although this will take a lot of time but our money will remain there and no loss, or if we can not be patient, we should buy more and wait for a reversal sign, cut the hole to the lowest level

Reid

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It might be crazy to sell it or should I say you are late.

You are in the trading section though so you cannot escape those kind of events. It will happen most of the time.
Think again. You are talking about holding and trading which will be a difficult discussion.
Traders cannot be attached with a certain token and that is what you are doing by now. You hold now and wait then it dips. You hold again then it dips again. You keep on doing that until you cannot even sell it anymore.

millensharon8

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Quote from: Ctn on October 15, 2018, 12:12:38 AM

Depends on the coin as well which you are trading here. If you are talking about the Ether then I guess you should hold a little bit more as it is giving away brand wavy pattern these days where it does go down and come up with good prices next time. You should be holding onto it and recover yourself from it. Current market is very much fragile and is literally waiting for the crypto boom as we proceed to the second last month of the year. Dont forget last November and december had some blasts for you.
So basically for all of the crypto traders it is great opportunity to recover their trades if they are even in -50% loss. Holding is ideal in this season.

This is the reason we always keep saying never to trade without a strategy or a plan. Before you even enter a position in a market, you should be setting where your stop loss would be, where you intend selling or how, and then if where you are buying compared to when you will sell or stop loss has enough reward when compared to the risk. All these things actually cannot be done without knowledge and if you do not have this in play, the kinds of OP asking questions like this whether to stop loss at 15% will always come up.

googs84

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I am dam sure you can recover that kind of money in short period of time in the crypto currencies. Just look at the market right now and you will see that you have your 5% of loss already recovered because BTC is up by that much value in the market. So with that calculation you just need to recover 10% more and there you go you have your break even point achieved.

This is how it works here mate, if you give a little more time to it then you will get it back. Its just your emotions that will tell you to sell your coins so that you wont incur with more loss. Currently you should overcome that one and keep holding until the BEP!!

MrVuuu

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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))

omonuyak

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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.

Ctn

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Depends on the coin as well which you are trading here. If you are talking about the Ether then I guess you should hold a little bit more as it is giving away brand wavy pattern these days where it does go down and come up with good prices next time. You should be holding onto it and recover yourself from it. Current market is very much fragile and is literally waiting for the crypto boom as we proceed to the second last month of the year. Dont forget last November and december had some blasts for you.
So basically for all of the crypto traders it is great opportunity to recover their trades if they are even in -50% loss. Holding is ideal in this season.

letecia012

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Activity: 406

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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..

Every trader has his own trading strategy to follow if you think selling at -15% loss may be recoverable if you sell and buy again then just do so. But for me I should prefer to hold and add a little bit more when market will fall deeply to lower may average buying price. It is not good to buy at high and sell at low since you are losing your investment but if you are a day trader then maybe selling and buying again would be an effective strategy.

Questat

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Quote from: metribitcoin on October 14, 2018, 08:26:34 PM

Did you bought Ethereum? If you are long term trading just hold it a few month because by looking in to daily times frame Ethereum currently in the support level, but if you are day trader , should be after you bought it use stop loss avout 5%, so you can buy back at lower price and you will make more profit when the price going up.

15% loss is pretty normal, it's a paper loss only because if we have trusts on ETH, we will definitely not gonna panic.
This is the norms in crypto, we can see some crazy swings but all we focus is the development and eventually the price will rise in the long run.

metribitcoin

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Did you bought Ethereum? If you are long term trading just hold it a few month because by looking in to daily times frame Ethereum currently in the support level, but if you are day trader , should be after you bought it use stop loss avout 5%, so you can buy back at lower price and you will make more profit when the price going up.

metalglowd

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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..

before you decide to sell it, it would be better to see activities on the project. Are active developers to provide information and are active to answer questions in the official group. if they are still active, and they have plans for the short term. then it's better HOLD first, if the plan is still in a long time. then just sell it.

Quidat

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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..

Well, OP you have to learn your lesson on that day so that it won't happen again in the future and don't worry if you don't have any capital right now. Money will come and go always, so better start finding a way to earn your capital again and proceed on learning more in trading. This is how the market will act always and always with it's unstable volatility it will be so hard to predict the next move that you are going to do.

Topic: If you're ~15% in the red, is it crazy to sell? - page 11. (Read 2466 times)