It is very hard to lock out emotions, but people should do so IMO. Should not care too much how much negative you are in, more about what future probably going to bring. And also, what better options you may have. Holding is good, but if there is something else better to hold...
That’s why it’s always good to make plans before you invest your money. So people never think of the fact that there might be loss when they invest their money. They only focus on how much they can make from their investment without thinking of how much they can lose, and when they invest and start losing they start to complain. That’s why experts will always say to us that we should invest what we can afford to lose, cause they know that anything can happen at anytime.
Topic: If you're ~15% in the red, is it crazy to sell? - page 8. (Read 2438 times)
It is very hard to lock out emotions, but people should do so IMO. Should not care too much how much negative you are in, more about what future probably going to bring. And also, what better options you may have. Holding is good, but if there is something else better to hold...
That’s why it’s always good to make plans before you invest your money. So people never think of the fact that there might be loss when they invest their money. They only focus on how much they can make from their investment without thinking of how much they can lose, and when they invest and start losing they start to complain. That’s why experts will always say to us that we should invest what we can afford to lose, cause they know that anything can happen at anytime.
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..
Are we talking about ethereum here?Or this is the capital you invested in cryptocurrency?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..
But either both ,theres no ashame in selling even if the amount drops to 50%
Because this is your option.and we must respect and cutting losses is another strategy most traders use for another buy off when the market shines again
Hello again,
Thankyou all for the replies and insight. I appreciate it.
I realised that i didn't post which coin it was... it was indeed Ethereum that i bought.
I also spent more than I had spare at the time, wanted to trade - yet had no particular strategy or much in the way of understanding of technical analysis.
I have held onto the coins I bought, and have decided; I really need to learn a lot more before trying to trade.
While waiting for the coin to go up in value (which I suspect it will at some point) I'm going to continue studying technical analysis and practising on a demo account.
That way once i break even I should have a better idea of what to do.
Thankyou all for the replies and insight. I appreciate it.
I realised that i didn't post which coin it was... it was indeed Ethereum that i bought.
I also spent more than I had spare at the time, wanted to trade - yet had no particular strategy or much in the way of understanding of technical analysis.
I have held onto the coins I bought, and have decided; I really need to learn a lot more before trying to trade.
While waiting for the coin to go up in value (which I suspect it will at some point) I'm going to continue studying technical analysis and practising on a demo account.
That way once i break even I should have a better idea of what to do.
It depends on how yourself, but that's not the problem because ive passed it before. If i predict in long-term it will fall foreverr so i will sell soon then try to take profit with another coins.
In fact it is depending on your trading strategies, if you are a short term investor then no doubt that it is time to sell, because you have to change your planning and buy again in low price, but if you are a long term investor then 15% is not such a big drop you need to wait for the market recovery. It is very hard to lock out emotions, but people should do so IMO. Should not care too much how much negative you are in, more about what future probably going to bring. And also, what better options you may have. Holding is good, but if there is something else better to hold...
That’s why it’s always good to make plans before you invest your money. So people never think of the fact that there might be loss when they invest their money. They only focus on how much they can make from their investment without thinking of how much they can lose, and when they invest and start losing they start to complain. That’s why experts will always say to us that we should invest what we can afford to lose, cause they know that anything can happen at anytime. 
Even in this case it is better hold the cryptocurrencies that you have. 15% loss is really not too much but you will be in minus if you sell everything. Be more patient.
You are wrong, a 15% loss will make people panic about their holdings. After all majority of the holders of coins are speculating on how the bubble becomes and not the intrinsic use of a coin. Thus they are prone to panic. Usually those who play the day trading game, know when to exit but if you are hodling then you will get alarmed and in dire cases might get afraid and sell off your holding. For bitcoin to drop its not of much significant because it will go back up surely and gradually.
But for altcoins - you might want to question your ideals of holding - it becomes a personal choice in the end obviously.
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..
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..
Yeah its crazy to sell now because coins have no value.its big lose of our effort because we work and no pay.Its really hard to work that you expect to have money to buy food for your kids but no payment.lt really hurts,but we have nothing to do but to drop our tears and look for a job for kids food.Crypto now is so bloody.
Some people were buying ETH at the price of $190+ then while others were panicking. These drops are to be seen as an opportunity for those who missed the recent bull market. Buying Ethereum at the price rate of $100+ is something very cheap and everyone should see it as an opportunity. And this time around I don’t think the price is going back as it has gotten to $200+, it might just continue going up from there.
There are some times when some little drops will not even affect you most especially when you are a long term trader. For one thing I have always known, once a market has bottomed enough and over sold, it is always a very good buy and a lot of people usually do not always understand that.Apart from that, you need to ask yourself if you are actually a trader or just an investor, which I believe anyone who is a trader, in this case referring to the OP, will not be asking whether 15% is crazy to sell or not. Sometimes, it all depends on your strategy, of where you are getting in, where you are getting out, the support levels, things not working as planned and so more. If you do not have a strategy, you should not even be trading in the first place.
That 15% of price difference can change in a day or two so there is no need to sell your coins for the losses because I can be patient because knowing the fact but already we knows that cryptos are risky and we need to hold longer to make profitsso don't change the rules or you will be in loss.
If the currency you have is one of the main ones like LTC or ETH, or PoS coin giving you reward covering price dropping, you still have a high chance to be back in profit .
But if it some kind of shitcoin which not giving you any rewards from staking i think better to sell immediately as soon you see it's going down - better loose just 15 % now then 50% in a week or 90% in a month...
But if it some kind of shitcoin which not giving you any rewards from staking i think better to sell immediately as soon you see it's going down - better loose just 15 % now then 50% in a week or 90% in a month...
Even in this case it is better hold the cryptocurrencies that you have. 15% loss is really not too much but you will be in minus if you sell everything. Be more patient.
You are wrong, a 15% loss will make people panic about their holdings. After all majority of the holders of coins are speculating on how the bubble becomes and not the intrinsic use of a coin. Thus they are prone to panic. Usually those who play the day trading game, know when to exit but if you are hodling then you will get alarmed and in dire cases might get afraid and sell off your holding. For bitcoin to drop its not of much significant because it will go back up surely and gradually.
But for altcoins - you might want to question your ideals of holding - it becomes a personal choice in the end obviously.
Declining the investment values in the large number will certainly make people panic but how these people manage their feelings so as not to direct them to make the wrong decisions is what we must learn. Up and down in values from our investment are the two things that can't be avoided.
Been down by 15% is only temporal and I will wait for the price to get break even before selling unless I need the invested amount for an emergence then I can sell at a loss price.
Even in this case it is better hold the cryptocurrencies that you have. 15% loss is really not too much but you will be in minus if you sell everything. Be more patient.
You are wrong, a 15% loss will make people panic about their holdings. After all majority of the holders of coins are speculating on how the bubble becomes and not the intrinsic use of a coin. Thus they are prone to panic. Usually those who play the day trading game, know when to exit but if you are hodling then you will get alarmed and in dire cases might get afraid and sell off your holding. For bitcoin to drop its not of much significant because it will go back up surely and gradually.
But for altcoins - you might want to question your ideals of holding - it becomes a personal choice in the end obviously.
only noobs will only panic but veteran and pro hodlers will not . why panic if you know that the market drop is only normal and part of the game ? 15% or above is still recomendable BUT as long as you badly need the money , if not then there's no point of selling your coins at a huge loss .
Not good idea to sell your coin at 15 percent of loses
But if you a day trader go ahead sell it if not don't sell it for long term investment
Loses is a part of the risk in trading specially day trade
But you need to be careful of you decision to avoid a lot of loses
But if you a day trader go ahead sell it if not don't sell it for long term investment
Loses is a part of the risk in trading specially day trade
But you need to be careful of you decision to avoid a lot of loses
you cant day trade if the overall market suffer from 15% loss because you will only loose . day trading is only applicable only if some of the coins are not affected in the dip .
instead of selling and trading , why can we just start buying ? you will only get the benefit to purchase the coins at a lesser price whenever the market is falling .
Even in this case it is better hold the cryptocurrencies that you have. 15% loss is really not too much but you will be in minus if you sell everything. Be more patient.
You are wrong, a 15% loss will make people panic about their holdings. After all majority of the holders of coins are speculating on how the bubble becomes and not the intrinsic use of a coin. Thus they are prone to panic. Usually those who play the day trading game, know when to exit but if you are hodling then you will get alarmed and in dire cases might get afraid and sell off your holding. For bitcoin to drop its not of much significant because it will go back up surely and gradually.
But for altcoins - you might want to question your ideals of holding - it becomes a personal choice in the end obviously.
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 very hard to predict what will be next move of the market. At that time of reduction by 15%, a lot of people might start seeing it as an opportunity to start buying and you might just sell and miss that opportunity. But if you can’t have such patience, you can still withdraw and monitor the market to see when it will start to rise again and when it does, you can invest back your money. 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 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.
It is highly unpredictable and due to its volatility the market can fell easily by 10 - 20% or rise accordingly. We must only invest the money which we are okay even if lost maximum else it would be difficult when the market is down and you need money will have to sell in heavy losses.
Mostly for investors who will want to go long on the market and be patient enough for it no matter what happens now is always the time they get to buy. Although, it is normal for some investors with trading knowledge to always have some stop loss in place, but at the end, it is all about how vast you are, but if you know you do not have trading knowledge, just know where you are buying is good for you and be patient to wait for an uptrend.
Not good idea to sell your coin at 15 percent of loses
But if you a day trader go ahead sell it if not don't sell it for long term investment
Loses is a part of the risk in trading specially day trade
But you need to be careful of you decision to avoid a lot of loses
But if you a day trader go ahead sell it if not don't sell it for long term investment
Loses is a part of the risk in trading specially day trade
But you need to be careful of you decision to avoid a lot of loses
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..
I just want to practise trading further... and have no spare capital to do so..
Dude, you want to do day trade without having studied technical and fundamental analysis and without that you have some strategy and this will not bring you good results. Another thing, you should not sell with losses, then you will buy and the price will fall again and you will again sell with losses, this will become a habit and in the end you will lose all your money. do the following: buy and hold for many years because it is the best solution for your case
If you have the guts to take the risk so that you can recover from your loss then you should sell your coins and buy it back at a lower price. Besides that, if the coin you are selling and then buying back is a potential coin then the chances to loose more money are lesser. If you think that the risk is higher and you might end up in a loss then the best option for you will be holding the coins until you make profit but then we don't know how long will it take before the price recovers. You might end up missing the other opportunities to recover your money as well. You have got to decide which option might suit the best.
If I were in your place then I would have gone with selling and then buying back
If I were in your place then I would have gone with selling and then buying back
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