Loss almost 40%, should stop trading or not ?

Sanitough

hero member

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Quote from: kolega on May 12, 2018, 03:29:46 AM

Of course stop the trade. You need to analyze all your trades, find mistakes. It is important to understand what in your actions leads to losses. If you can not control emotions, then you should not trade. You also need a trading plan. It is mandatory to use stop-loss.

Trading is too risky for people who cannot learn here, it's alright to make mistakes in the beginning but we need to evaluated ourselves,
if we are still doing the same mistakes again and again then there is a problem with us, the only solution is to minimize our loses and we need to quit for that.

kolega

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Activity: 294

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Of course stop the trade. You need to analyze all your trades, find mistakes. It is important to understand what in your actions leads to losses. If you can not control emotions, then you should not trade. You also need a trading plan. It is mandatory to use stop-loss.

Dansamiv

newbie

Activity: 224

Merit: 0

If you do not have confidence in trading in the crypto market. You need to calm down and stop monitoring the market before making a decision. Not everyone can succeed and feel the trader is easy. It happens only when the market is healthy and in the trend. The more you try to trade, it will not work. In addition, psychology is also an important factor for traders.

cpkozak

newbie

Activity: 140

Merit: 0

I am a newcomer to this market, so I will not sell out what I have that I will keep it until it is inflated. I do not care how many times it is reduced.

Kawasakinamoto

newbie

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Believe me or not alot of successful traders out there lost more than that because they are dedicated that someday they will gain back that earnings and gain more and more and learn to be one of the best traders out there.

fitty

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Quote from: Soranith on May 11, 2018, 09:19:28 AM

Quote from: Advicerabi on May 11, 2018, 05:31:57 AM

Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.

I agree! Most of the trader that made millions in crypto had their losses specially when they were starting and they made those loss a motivation to do good in their next trade. And even today that they all know the techniques on how to trade they still sometimes lose so giving is not the solution and if he really wants to learn and be part of this community then he needs to work hard for it.

Sometimes, we have to accept that trading is not for us by means of choosings whats best to win on this investment. Secondly, we have to keep on going if we want to learn find whats the best system or strategy that will fit for your time and other things to win not only copying one person tactics.

Soranith

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Quote from: Advicerabi on May 11, 2018, 05:31:57 AM

Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.

I agree! Most of the trader that made millions in crypto had their losses specially when they were starting and they made those loss a motivation to do good in their next trade. And even today that they all know the techniques on how to trade they still sometimes lose so giving is not the solution and if he really wants to learn and be part of this community then he needs to work hard for it.

rhamdy

newbie

Activity: 126

Merit: 0

I suggest you continue trading.
The risk of trading is a loss, but you should be more patient while waiting for the value of Cryptocurrency price until it is really conducive and stable.
Because if you take the wrong decision it will be the fatal consequence, that is a big loss.

Advicerabi

member

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Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.

crypmike

sr. member

Activity: 910

Merit: 371

The secret is to manage your risks
Learn how to setup right stop-losses and how to find a good entrance/sell points and that's pretty much it
And of course, you should analyze your mistakes every time
But maybe it seems simple, but it isn't
There are a lot of theory and practice here

Learn theory — books, youtube, successful traders on twitter..
Trade on paper
If trading is your dream you shoudn't stop

Scavagers

full member

Activity: 364

Merit: 100

Quote from: nicolas1979 on May 28, 2017, 08:47:01 AM

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

Okay so you just did the exact opposite of how it should be done? I know some one who did the same thing, he bought high and sold it in a low price and what happened after is he blamed cryptocurrency and stopped using it. In trading, not all people succeed so maybe you are part of them, but if you think positively, you can correct that mistake and you can get over it. You can gain that 40% loss back if you will try your best to become better at trading, and also do not use your emotions.

dilandanmilea

jr. member

Activity: 283

Merit: 1

Do not stop but rest for a moment. After that start back and do not buy coins when the price is high so you do not regret for the future.

Moneypham5

newbie

Activity: 134

Merit: 0

This is a bad thing. You should do it sooner. If you wait it down to 40% then you should keep it, so I find it much better. You should have good psychology as it will be better for you to invest in this market.

alvinmtp

hero member

Activity: 658

Merit: 505

Quitting on earliest time isnt really worth it and just like others said here that he shouldnt really stop since its been part of the learning process on doing trading and knowing that trading is really hard to do and cant be mastered on a short period of time. It would really takes time and patience for you to be profitable with it because if you do make serious on this mistakes then you would really not improved as a better trader later on.

mammusu

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Quote from: Kita Kita on May 10, 2018, 06:43:24 PM

Quote from: Tanya78 on May 10, 2018, 01:47:09 PM

Unfortunately, you, like many others, see the price move up and down, and your mind says, "I knew it would happen," and you start trading. Then comes the reality, and you realize that you do not know what the market will do.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

Is very profitable job, but not everyone can do it. Because trading is have a risk to lose your money.
Trading is needed a knowledge and strategy to trading.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: Kita Kita on May 10, 2018, 06:43:24 PM

Quote from: Tanya78 on May 10, 2018, 01:47:09 PM

Unfortunately, you, like many others, see the price move up and down, and your mind says, "I knew it would happen," and you start trading. Then comes the reality, and you realize that you do not know what the market will do.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

It's profitable but not for everyone, there are people who are really good in trading so they make money.
But, let us also consider those people who like to trade but with lack of skills, these people will not survive in the long run especially if they
are also weak emotionally.

Ronaldcoin2017

sr. member

Activity: 1148

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Quote from: Kita Kita on May 10, 2018, 06:43:24 PM

Quote from: Tanya78 on May 10, 2018, 01:47:09 PM

Unfortunately, you, like many others, see the price move up and down, and your mind says, "I knew it would happen," and you start trading. Then comes the reality, and you realize that you do not know what the market will do.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

I think we should not stop trading for that 40% loss. Maybe awe should do it with faith and be more temperate, because from the start we all know that trading is profitable but it can also make our profit loss if we don't do it in a verry fluent way so then if I will be going to choose on stop or go in that 40% loss, I will still go because once we stop that loss is considered as loss but if we are going to continue that losses is just a stepping stone.

Eva_me

newbie

Activity: 120

Merit: 0

This is probably the case with many of us. None of us, ordinary traders know for sure what will happen now. We can only make assumptions and use the information we see. If you lost 40% of your contribution, you need to understand the reasons. I think that the reason is that you did not have the necessary skills. All of us make mistakes in trade. But we need to fix them. Crypto currency is very volatile and you need to correctly determine the entry and exit points. You need to understand where you can togt, and where better to hold. I think all these skills you will get with experience, and now just learn on small amounts.

Kita Kita

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Quote from: Tanya78 on May 10, 2018, 01:47:09 PM

Unfortunately, you, like many others, see the price move up and down, and your mind says, "I knew it would happen," and you start trading. Then comes the reality, and you realize that you do not know what the market will do.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

Dwarf42

full member

Activity: 308

Merit: 100

Quote from: nicolas1979 on May 28, 2017, 08:47:01 AM

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

I think that with a new market and continuous fluctuations like the present time, it is easy for you to understand that you can see that bitcoin prices in the past few days are constantly fluctuating in the margin. This is very high, so the risk is very high. Also you lose up to 40% of the property is because you trade unplanned and no specific cutloss point leads to the loss of the current. Always follow the plan and know when to stop.

Topic: Loss almost 40%, should stop trading or not ? (Read 32551 times)