If you're ~15% in the red, is it crazy to sell? - page 2.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: coin_1122 on January 16, 2019, 12:53:02 AM

This is a great idea for keeping the sell order instead of losing more value in the market. I don't see there is an option stop-loss option in the present exchanges. So we need to calculate ourselves and start planning them by keeping sell orders.

You can observe the sell and buy walls are obtain an idea about the current trend. It keeps changing because news are being released and paid manipulation is also there.

However which orders to keep and which not to keep is also a tough choice to make. This needs practice and without trading in real one cannot understand the in and out of such orders. Setting a stop-loss is good but then waiting it out is also a good thing. You dont want to lose your coins at the wrong instant because someone told you to dump them. Thats being dumb.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: zhekinsp on January 11, 2019, 09:39:39 AM

I don't support you to sell at 15% loss,if you are a trader,this is the time for you to make money by buying more and cut out you losses whe the market moes to 13% loss or even lesser and keep continue to make profits from it.

In trading 15% at times is nothing considering the volatility market moves crazy and up and down keep on happening . At days some coin can rise to more than 70% and fall back quickly too and rise again. Yes it is risky but selling at 15% is not ideal unless you know it will keep on falling .

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Sum24 on January 12, 2019, 05:48:25 PM

Quote from: SyamSoedin on January 11, 2019, 08:41:31 AM

better sell at 15% red than holding till 100% red

It seems you are lack of knowledge in crypto currency because if you were an expert you never said that by the way you should learn all those rules that in crypto it’s not possible to see 100 percent red and holding has always been so beneficial I have never seen people complaining for holding because it takes time to make everything fine so i am holding only.

I thought maybe, because many shit coins fell and died? the point depends on the market conditions of the coins that you buy,
if there is no chance to go up, then it's better to sell when there is a chance maybe %15 that's not a big loss

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: nelson4lov on January 15, 2019, 04:51:25 PM

Someone once said You're not in a loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in the loss.

This is a great idea for keeping the sell order instead of losing more value in the market. I don't see there is an option stop-loss option in the present exchanges. So we need to calculate ourselves and start planning them by keeping sell orders.

Ipwich

hero member

Activity: 1050

Merit: 529

Student Coin

Quote from: Yamifoud on January 15, 2019, 06:04:05 PM

Quote from: nelson4lov on January 15, 2019, 04:51:25 PM

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

The situation is totally different from what it shown in the past years. Our market trend today is not aggressive as it have. Many we're losing their money and it gives a little bit worries when seeing no market price improvement.
If we keep on holding, nothing to happen. Some coins are continuing to decline, though it's too crazy to sell but we must in order to stop from losing it anymore, otherwise we've got nothing in the end.

Therefore it's necessary to act based on the market condition, since it's bearish now, we should not be aggressive anymore, otherwise we will only loss our money. Go with the flow, not against it, and holding is still the best way to combat the situation, we aim for success so we have to do things in order to achieve our purpose. As if the market before were not able to experience bearish, we've seen it many times so it's nothing new to us.

Yamifoud

hero member

Activity: 2814

Merit: 518

Quote from: nelson4lov on January 15, 2019, 04:51:25 PM

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

The situation is totally different from what it shown in the past years. Our market trend today is not aggressive as it have. Many we're losing their money and it gives a little bit worries when seeing no market price improvement.
If we keep on holding, nothing to happen. Some coins are continuing to decline, though it's too crazy to sell but we must in order to stop from losing it anymore, otherwise we've got nothing in the end.

nelson4lov

hero member

Activity: 2184

Merit: 798

Top Crypto Casino

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

dmamigo

sr. member

Activity: 1232

Merit: 250

I personally would say, yes, it is crazy to sell at loss, whatever may be the percentage, but we also have to consider the facts that what are the coins, how much is invested, how much can the investor bear a loss over a fixed investment, why the investor needs to sell excluding the reason that he/she is in loss.

Like, if the coins which have no future prospect, sell them wherever you are, and if you are unsure, just do some more research, talk to people, get some idea. And then, the reason other than being in a loss totally depends on the investors. Now, IMO selling in a loss unless and until it is heavily required to do, just ignore selling in a loss.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

You waited to reach 15% till you realized that you need to think if you need to sell now or wait. This only means you have no plans prior to buying the coin that you are holding. Before you buy any coin, you should at least plan ahead, do plan to hold it for a long time or sell it when you reach a certain price. Failure to plan your exit is not healthy for you and your bank account so better plan ahead of everything.

Wipangga

member

Activity: 600

Merit: 10

I think you can survive in the near future with a stable market price, because it also believes that in the near future the market price will also increase again, seeing that the current development is getting better.

The Cryptologist

full member

Activity: 546

Merit: 100

It's not because it is called stop loss. Some of the seasoned traders are always implementing it even in just a small decline in value. But you should also observe if it's just because of a fud or the projects has nowhere to go and just now a useless token.

ajaymukund

member

Activity: 784

Merit: 10

https://streamies.io/

Quote from: thegoatiest on October 14, 2018, 07:25:41 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, that's a good decision, but consider it. because 15% is a pretty big number and you made a mistake because you did not order a stop loss. holding at the moment is not positive because we are not seeing any positive signs. Selling and trading will be better.
When you decide to sell the number of altcoins you are holding, make sure not to repeat that mistake again. You may not have anything left in your pocket.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: SyamSoedin on January 11, 2019, 08:41:31 AM

better sell at 15% red than holding till 100% red

That depends on a lot of things dont you think? Simply selling away bitcoin when it was 10$ would have ended in a bad decision if that person was alive to sell for 10k $ in 2017. People dont understand the stuff that drives the market or how things work here. Bitcoin does have a lot of support from those who believe in it and those who see the future in it. Of course you may panic and sell at a loss if you prefer to like that and not see the long term effect.

However good things come to those who have patience and patience is very important in any speculative market. Being biased and impulsive will only lead to your losses.

Sum24

member

Activity: 448

Merit: 10

Quote from: SyamSoedin on January 11, 2019, 08:41:31 AM

better sell at 15% red than holding till 100% red

It seems you are lack of knowledge in crypto currency because if you were an expert you never said that by the way you should learn all those rules that in crypto it’s not possible to see 100 percent red and holding has always been so beneficial I have never seen people complaining for holding because it takes time to make everything fine so i am holding only.

KnightElite

sr. member

Activity: 924

Merit: 275

Quote from: thegoatiest on October 14, 2018, 07:25:41 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 is not a craze decision because maybe it is the best way for us to avoid more losses. I have many experiences that I really regretted, there are times that I thinking if it is better to do stop loss for me to buy in the dip but I did not do it because of my overconfidence.

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

I don't support you to sell at 15% loss,if you are a trader,this is the time for you to make money by buying more and cut out you losses whe the market moes to 13% loss or even lesser and keep continue to make profits from it.

SyamSoedin

member

Activity: 93

Merit: 10

better sell at 15% red than holding till 100% red

bit-freedom

sr. member

Activity: 658

Merit: 256

If you predict that the market will go down further, you should trust your own analysis. This is a way to practise trading. But however, I don’t think it is a good idea to short crypto at prices that have dipped so much. We will never know when the market trend turn to be bullish.

coingecko

member

Activity: 247

Merit: 40

It depends on your objective and risk appetite. Risk takers will HODL, but that also means you need holding power.
If you need liquidity, better to cut lost and move on to something else.

kaizerblitz

full member

Activity: 504

Merit: 105

For me i'm still on hodling on that to the point that it is below in -15% down when you believe on a project on what you hodl a coin you will still believe on that.

Topic: If you're ~15% in the red, is it crazy to sell? - page 2. (Read 2438 times)