If you're ~15% in the red, is it crazy to sell? - page 5.

haroldtee

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Quote from: Questat on December 17, 2018, 01:48:12 AM

Quote from: TheUltraElite on December 12, 2018, 06:49:49 AM

Quote from: Leonard2016 on December 10, 2018, 11:20:06 AM

I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .

Sometimes people dont set stop/loss at drops like that. It would be foolish to trade off all your assets at a loss because you are just emotionally moved that you have lost your money. What people dont realize is that they have not lost their money but the value of the asset has dropped. But it can happen and is nothing to be panicky about. Same in other markets as well.

Crypto being very speculative is subject to these risks and one must be aware of them before getting in the market. No use panicking but remaining calm is what they must try.

It's really important to be smart and not put everything in one basket because this market dropped could make you emotionally and panic.
You are correct, we don't loss money even if the price will dropped as long as we stay strong and hold our precious coins.

At any stage in the market, your level of loss and whether you want to be stopping loss or not, depends on your plan and strategy as a trader simply. One thing a lot of people usually do not always have. This is a market, and questions like this is not what should be asked. On every attempt to hit a position as a trader, you should be entering based on some signals you have seen, and in anticipation for profit, no where you want to be stopping loss. Otherwise, without any plan, it is a lot better not to even be trading at all, and just find an easy spot to be going long in the market, otherwise, your emotion will end up playing the best part of you into huge mistakes.

anume123

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Selling altcoins so early is normal to do as a trader to avoid lossing more than unexpected price that will come in the market because nobody can predict price's in the market.

Sadlife

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Ive sold my ETH in $211 which i bought in $230 price i think ive around 30% or more honestly it was a let down i thought the price would pump seeing good projects relating to crypto starting up and i was seeing good fundementals but i was wrong and it had a huge dump expert eventually i had to stop my losses seeing ETH could potentially crash even more.

knightmairesaint

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Quote from: Questat on December 17, 2018, 01:48:12 AM

Quote from: TheUltraElite on December 12, 2018, 06:49:49 AM

Quote from: Leonard2016 on December 10, 2018, 11:20:06 AM

I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .

Sometimes people dont set stop/loss at drops like that. It would be foolish to trade off all your assets at a loss because you are just emotionally moved that you have lost your money. What people dont realize is that they have not lost their money but the value of the asset has dropped. But it can happen and is nothing to be panicky about. Same in other markets as well.

Crypto being very speculative is subject to these risks and one must be aware of them before getting in the market. No use panicking but remaining calm is what they must try.

It's really important to be smart and not put everything in one basket because this market dropped could make you emotionally and panic.
You are correct, we don't loss money even if the price will dropped as long as we stay strong and hold our precious coins.

Though it is hard to make decisions with our emotions set aside (which I also think is not possible), maybe its possible if we initially think of what can happen. Maybe it could help to lesson the intensity of emotions like the disappointment when we see our portfolio in red. I was thought to think of what could happen for every decision I make and sadly sometimes I neglect it. Strategies are also helpful at times like this like because it helps you plan ahead if ever something didn't go the way you want.

SyrulRamadhan

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for me -15% loss I will go and move another coin. I usually if I trade always use the stop loss method and that I set it at -10% more because for the current condition it is very price-prone suddenly it drops rapidly

Idrisu

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Percentage should not determine why we should sell or hold. Remember that those that are patient will make good profits in this market. Trading is a game and you need to plan and know how long you can hold before investing your hard earned money.

Questat

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Quote from: TheUltraElite on December 12, 2018, 06:49:49 AM

Quote from: Leonard2016 on December 10, 2018, 11:20:06 AM

I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .

Sometimes people dont set stop/loss at drops like that. It would be foolish to trade off all your assets at a loss because you are just emotionally moved that you have lost your money. What people dont realize is that they have not lost their money but the value of the asset has dropped. But it can happen and is nothing to be panicky about. Same in other markets as well.

Crypto being very speculative is subject to these risks and one must be aware of them before getting in the market. No use panicking but remaining calm is what they must try.

It's really important to be smart and not put everything in one basket because this market dropped could make you emotionally and panic.
You are correct, we don't loss money even if the price will dropped as long as we stay strong and hold our precious coins.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Leonard2016 on December 10, 2018, 11:20:06 AM

I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .

Sometimes people dont set stop/loss at drops like that. It would be foolish to trade off all your assets at a loss because you are just emotionally moved that you have lost your money. What people dont realize is that they have not lost their money but the value of the asset has dropped. But it can happen and is nothing to be panicky about. Same in other markets as well.

Crypto being very speculative is subject to these risks and one must be aware of them before getting in the market. No use panicking but remaining calm is what they must try.

Ranly123

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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..

If I'm at a loss on my investment, then it should be better to have a little bit of a patience than selling without any profit. Nonetheless, we should consider the volume of the coins we have whether it's time to cut ties or continue to hodl.

Leonard2016

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I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .

readygoaw

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Quote from: btc_angela on December 08, 2018, 05:25:36 AM

Quote from: prabakharras on December 07, 2018, 01:22:14 PM

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

As the cryptocurrencies prices are extremely flexible, today you can lose 15-% but tomorrow you can be in a 20% plus. Thus, there is no one reason to sell your altcoins and Bitcoins.

abel1337

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Quote from: deppil on December 09, 2018, 01:33:32 AM

Quote from: gabmen on December 08, 2018, 01:10:19 PM

Quote from: btc_angela on December 08, 2018, 05:25:36 AM

Quote from: prabakharras on December 07, 2018, 01:22:14 PM

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

Disastrous for those going short. 15% is painful already, what more for an 80% negative. Though i doubt many could've expected how the market plunged to these levels recently. Most of us are expecting a recovery instead of this.

I am one of those people who suffered almost that big loss. I bought at the beginning of the year and the price then bled, many people suggested to hold because it was only a correction. but prices continued to weaken. my assets decreased by more than 50% and there was no choice but to cutlose and hope can buy again at the bottom line

There are many other investors who experience big loss until now. Even me I experience it before , Having a huge loss is a big frustration for me. I have other coin that take a deep price , The only thing I do is to hold it and start waiting for a good news.

deppil

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Quote from: gabmen on December 08, 2018, 01:10:19 PM

Quote from: btc_angela on December 08, 2018, 05:25:36 AM

Quote from: prabakharras on December 07, 2018, 01:22:14 PM

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

Disastrous for those going short. 15% is painful already, what more for an 80% negative. Though i doubt many could've expected how the market plunged to these levels recently. Most of us are expecting a recovery instead of this.

I am one of those people who suffered almost that big loss. I bought at the beginning of the year and the price then bled, many people suggested to hold because it was only a correction. but prices continued to weaken. my assets decreased by more than 50% and there was no choice but to cutlose and hope can buy again at the bottom line

Sri rahayu

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Yes, I will sell it and will buy it back below the selling price, at least even though assets have declined, i still get profit from the number of tokens / coins added, and hold it until the price rises again. Because I still believe in cryptocurrency.

gabmen

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Quote from: btc_angela on December 08, 2018, 05:25:36 AM

Quote from: prabakharras on December 07, 2018, 01:22:14 PM

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

Disastrous for those going short. 15% is painful already, what more for an 80% negative. Though i doubt many could've expected how the market plunged to these levels recently. Most of us are expecting a recovery instead of this.

superstarbtc

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the exit of any coin in early stages is advisable then we can make some early losses and gain again in another coin in profit most of the traders have experienced this market volatility and unable to take decisions

btc_angela

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Quote from: prabakharras on December 07, 2018, 01:22:14 PM

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

rosepetals

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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..

You can sell at 15% loss mate if thats what you think you need to do and want,theres nothing wrong with that.No one could ever predict when will be the market would go upward and sometimes there are really emotions that we cannot control but to gave up.Better invest on another coins that has a big chance to recover the loss.

prabakharras

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suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

Timmzzy

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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..

CRYPTO market is all about understanding, I bet the dip is scaring lots of weak minds away and making investors sell off... I am not 90% sure of my self holding for long.

Topic: If you're ~15% in the red, is it crazy to sell? - page 5. (Read 2438 times)