I recommend you to continue my friend. Learn from your mistakes and make sure you make your patience longer. Don't focus too much on the exchange rate. It's normal for bitcoin to fluctuate.
If you love what you are doing there is always room for improvement because you are open minded and you wan to improve by learning from your mistakes. Trading does not give an easy success to us, we need to work hard and study well to have a better chance of being consistent, just always put in your mind that if other traders are profitable, we might be able to follow their success, we never stop chasing our dreams and we should do it in action as well. 
Topic: Loss almost 40%, should stop trading or not ? - page 10. (Read 32551 times)
I recommend you to continue my friend. Learn from your mistakes and make sure you make your patience longer. Don't focus too much on the exchange rate. It's normal for bitcoin to fluctuate.
Is that a rhetorical question? I hope so! You should absolutely stop trading and just put your money in Bitcoin. You will make money and you don't even have to invest! Take your time and do what you gotta do to find out how you can buy and hold bitcoin securely and you will be on your way to better days. Trading is not recommended for anyone, never mind the avg joe.
Never trade, invest and HODL.
I think this is the real answer for the OP Because here we can see clearly what the OP made mistake in his trading .Usually people bought the coins at low price and then wait until the price of the coin increase and then after increase the price they sell with sufficient amount of profit , that is known as legimate trading in cryptocurrency .
But here thread main post shows directly that OP have not much patience in the trading . If he will wait then surely he will make much amount of money profit .
Here I myself wait for 777 coin to sell for 1.5 years and also I made 11 times the profit than what I invested and also in the same way I also invested in Digibyte coin for 3 months to make profit and also succesfully I made much , so here you can understand well that how much patience we need to make trading successfully .
Here my suggestion for the OP is to have patience and investment in multiple coins , Because to have investment in multiple coins leads into profit always ( or already lower the risk of trading to loss ) .
No. Dont ever stop. Its just beginning. All beginner ever have loss experience.
Never give up. But before continue, you have analyze your strategy first. Look into the weakness and solve it then you can try to trade again.
Exactly! Profit and loss are part of business. Almost every one of us suffers in the beginning. There I no way to get dishearten. If you will lose hope and you will quit trading, then there will no way that you are going to earn what all you want to earn in your life. Keep on learning from your past mistakes and do not repeat those mistakes in the future. Quitting the trade is the worst thing which you will be doing. Never give up. But before continue, you have analyze your strategy first. Look into the weakness and solve it then you can try to trade again.
I'm currently loosing about 60% of my capital by holding xrp, SC and RDD since June thinking it will moon one day and I'll break even but it keeps dumping. Selling off At this time is a difficult thing to do for me
Allmost true trader experience that kind of problem we all know that trading are so much risky the price of every coins are unpredictable but atlease you still holding your coin even the price are continue to dump I also experience to loss almost 40 to 50% of my capital but Im here still continue to trade
it is already a trading risk. Not as long as the business will continue to run profitable. Losses that you experience in business will also color your business trip.
Regardless of the amount or the amount of loss you experience, everything will still impact on the financial mechanisms in your business. It certainly creates a sense of discomfort in you and worries that your business will go bankrupt.
However, losses can still be helped. The important thing is to keep the spirit and not immediately give up with the losses you experience.
Regardless of the amount or the amount of loss you experience, everything will still impact on the financial mechanisms in your business. It certainly creates a sense of discomfort in you and worries that your business will go bankrupt.
However, losses can still be helped. The important thing is to keep the spirit and not immediately give up with the losses you experience.
I'm currently loosing about 60% of my capital by holding xrp, SC and RDD since June thinking it will moon one day and I'll break even but it keeps dumping. Selling off At this time is a difficult thing to do for me
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?
Don't quit, what I see is that you sell your altcoin when price is low learn how to HOLD altcoins for long, it helps.
Like Warren Buffet said. Exchange is a device made to transfer money from impatient to the patient. Your experience in trading cryptocurrency will validate this statement.
Trading requires patience you will not lose your capital if you don't sell lower. The choice will depend on you ask yourself first if you can wait for the right time to sell.
Keep reading and following experienced traders, eventually you will get better. Trading is a game/business of patience if you dont have patience then stop trading and move on. in trading you dont lose until you sell at loss. so i would suggest invest in good coins after researching and keep holding them with a mid to long term perspective.
Looks like you should stop trading and start hodling
Continue your Trading with Bitcoin/ETH,Continue !.
Take control of your emotions !.
Our mind views loss as more significant than an equivalent gain. We don't like to lose what we already have. This has far reaching implications when we trade.
When we have a losing trade we may try to avoid actually realizing that loss, which means we open ourselves up to an even bigger potential loss. We rationalize by saying the trade will come back in our favor, or we will give it a bit more room/expanding stop loss or say we are right and the market is wrong...so we hold the trade out of spite for the market being so stupid. Lots of reasons, but they all stem from the same issue...not taking a loss when you should. Continue your Trading, Don't fear losses, even with lots of them you can still be profitable.
Continue your Trading with Bitcoin/ETH, Plan your exits before the trade takes place and stick to your plan. Take control of your emotions !.
Take control of your emotions !.
Our mind views loss as more significant than an equivalent gain. We don't like to lose what we already have. This has far reaching implications when we trade.
When we have a losing trade we may try to avoid actually realizing that loss, which means we open ourselves up to an even bigger potential loss. We rationalize by saying the trade will come back in our favor, or we will give it a bit more room/expanding stop loss or say we are right and the market is wrong...so we hold the trade out of spite for the market being so stupid. Lots of reasons, but they all stem from the same issue...not taking a loss when you should. Continue your Trading, Don't fear losses, even with lots of them you can still be profitable.
Continue your Trading with Bitcoin/ETH, Plan your exits before the trade takes place and stick to your plan. Take control of your emotions !.
Exactly like this! Never worry about the actual situation.
Never give up if you lost money. This is not the market to earn always, we'll sometimes lose money. The vital thing is that keep fighting and aim to be the best trader after all the experience.
Well you have lost a big amount in trading now it’s the right time to stop trading beacuse 40% is a big figure, but if you can or if you think that you can win back the lost amount then keep up the trading and complete your loss that is the best you have right now. I hope that you will recover your loss soon.
You should in my opinion try to make trades with less amount of money and train your brain to be more patient and ot sell so fast,sell in profit bro when it is green ,not when it is red and you will be in profit.Also when you find some potential coin try to do some bigger research and find trusted people to know with which coins to trade.
not with the 1 failure you get makes you desperate. at least make your failure as a lesson and experience for the future. trading always has risks, so you should be smarter again if you want to continue your trading.
Continue your Trading with Bitcoin/ETH,Continue !.
Take control of your emotions !.
Our mind views loss as more significant than an equivalent gain. We don't like to lose what we already have. This has far reaching implications when we trade.
When we have a losing trade we may try to avoid actually realizing that loss, which means we open ourselves up to an even bigger potential loss. We rationalize by saying the trade will come back in our favor, or we will give it a bit more room/expanding stop loss or say we are right and the market is wrong...so we hold the trade out of spite for the market being so stupid. Lots of reasons, but they all stem from the same issue...not taking a loss when you should. Continue your Trading, Don't fear losses, even with lots of them you can still be profitable.
Continue your Trading with Bitcoin/ETH, Plan your exits before the trade takes place and stick to your plan. Take control of your emotions !.
Take control of your emotions !.
Our mind views loss as more significant than an equivalent gain. We don't like to lose what we already have. This has far reaching implications when we trade.
When we have a losing trade we may try to avoid actually realizing that loss, which means we open ourselves up to an even bigger potential loss. We rationalize by saying the trade will come back in our favor, or we will give it a bit more room/expanding stop loss or say we are right and the market is wrong...so we hold the trade out of spite for the market being so stupid. Lots of reasons, but they all stem from the same issue...not taking a loss when you should. Continue your Trading, Don't fear losses, even with lots of them you can still be profitable.
Continue your Trading with Bitcoin/ETH, Plan your exits before the trade takes place and stick to your plan. Take control of your emotions !.
You don't need to stop trading what you need to do is study and learn how to trade while doing this use little amount of money because it is expected that you will lose since you are still in the process of learning. But if you do not have time to study then be an investors leave the coins you bought for years and get back to it when the price is already x20 or more.
I believe Bitcoin trading is different from standard forex trading like European union-United states dollar yet others.In Bitcoin, you do not need to complete anything like that or market quickly at affordable prices because it is very harmful. In Bitcoin you may either postpone or keep the gold coin till the cost of the gold coin increases once again, although we can not know when the coin will increase once again unless of course the gold coin is a gold coin that is a lot of the community and it is a seriously exchanged coin. You can check the motion from the gold coin in the forum or if right here can be checked around the thread or it may be in the information from the gold coin.
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