Topic: Loss almost 40%, should stop trading or not ? - page 12. (Read 32551 times)
You should not stop trading. Just be patient because first of all, once you start trading, you take the risk of losing your money but as far as i know, trading nowadays have higher chances of gaining your money if you put time and effort plus some strategies.
You need to learn how to be smart when it. Comes to trading......
Coz in a way thar you do it seems really far away from trading that was more like
Gambling...you wanted to earn back more than wet you invest . then start to be smart
And do it right ..
Coz in a way thar you do it seems really far away from trading that was more like
Gambling...you wanted to earn back more than wet you invest . then start to be smart
And do it right ..
Charge to experience and go on. This time equip yourself with some reading, invest in knowledge first before you roll out. Basic Trading skills is a must if you really want in into trading, you loose money because you go in without even knowing where you put your money to. Basic principle when you trade against btc pair is when bitcoin goes up/down altcoin goes down. Only when bitcoin price goes sideways or steady that altcoins are bullish. So there are times that bitcoin dominates the market in 40-55days so just imagine what it can do to altcoins...all are red. So you must be aware about that and don't get impatient because when you invest in solid alts it will recover soon and with profit. Buying low and sell high is so simple but how can you know that it is already the lowest or already peak? Technical Analysis (TA) and Fundamental Analysis (FA) is require in this and some tips from twitter trading guru's would suffice while you study on your own.
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?
My advice to you is that you have to stop once and for all your nonsensical emotional reaction. Reading your post, it sucks! You know very well that you are losing and then you still decided to sell them? What were you thinking when you did that? I suppose you went nuts. And then you also knew that they were at a high price and you bought them but you turned emotional when their prices dip. Are you serious? A little common sense is all you need, man. Without that, you better stop.
stop trading, start investing - patience, research and dedication as well as risk management are your friends
Maybe investing is better than trading, needed a good analysis for trading, if not then we will lose until all runs out, I've experienced several times trading altcoin vs bitcoin and loss, then I was just tempted by the hectic discussion that occurred in the chat room.
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?
First you need to learn how to lose in order to learn how to win.
stop trading, start investing - patience, research and dedication as well as risk management are your friends
NO.Dont be a FUD man, allows rum together!Crypto will guideline the world.Allows distribute it.If price is slipping, only one way: HODL
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?
No you should not stop trading, that would be the worst decision that you will make. How would you regain those 40% loss if you quit trading, you need to win back that money. Losing momey is just a part of being a trader, now you have learned some lessons sp you would not do it again next time. Trading gives a lot of profit it just needs a lot of patience in holding some coins because not all coins are successful especially those coins that are not that famous. But as time goes by the value of it will rise. So in order to get that money back just continue trading
for me i think that giving up early in trading while you have loss is not a good thing and we should not stop because as far as i know as trader you have to conquer all the struggles that can be happen that you can encounter be patient and wait for the right time.
Patience is a virtue. If the OP kept his original investment and didnt sell at the dump back in May, he would be extremely happy with his investment right now. Sure, it would've taken 6 months, but its much better to wait then to lose 40% investment. Trust that BTC will go up and face severe losses, but in the end, if you have trust in the blockchain and BTC technology, you will always come out ahead.
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?
No you should not stop trading, that would be the worst decision that you will make. How would you regain those 40% loss if you quit trading, you need to win back that money. Losing momey is just a part of being a trader, now you have learned some lessons sp you would not do it again next time. Trading gives a lot of profit it just needs a lot of patience in holding some coins because not all coins are successful especially those coins that are not that famous. But as time goes by the value of it will rise. So in order to get that money back just continue trading
- And really if you lose nearly 40%, you should stop but it is only temporary for a short period of time, you should use that time to think about mistakes, analyze the reasons and keep your emotions calm, then return, continue trading, loss will not be too scary if you dare to face it, but if you do not overcome the fear of loss, you will never be able to succeed.
Dont stop in learning skills in trading by that you will never think of quiting.
I think the reason why you lost is because you forgot that trading was all about techniques and stargecies, patience and trust. Please control your emotion it will destroy your focus instead. You can still work on it, just remember what you need in trading so that you can get back in the line.
Maybe you are not suitable for trading, you can try investing. Choosing Bitcoin and waiting until it goes up.
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?
No you should not stop trading, that would be the worst decision that you will make. How would you regain those 40% loss if you quit trading, you need to win back that money. Losing momey is just a part of being a trader, now you have learned some lessons sp you would not do it again next time. Trading gives a lot of profit it just needs a lot of patience in holding some coins because not all coins are successful especially those coins that are not that famous. But as time goes by the value of it will rise. So in order to get that money back just continue trading
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.
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.
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.
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.
Learn to be a patient investor. In a hurry always gives painful results for us to feel. Also learn from the experience from seniors here, i am sure can make us become good trader. Continue trading and improve your understanding.
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?
Trading altcoins with such a low patience level is never a good idea, you should keep calm, attentive and always keep an eye over the market while trading altcoins. What i have seen from your situation that you haven't make any strategy or threshold for your investment. The best strategy is to make your threshold of loss and profit, don't let your loss to pass 10% of your total investment.To stop or continue is up to you because no one will ever going to take responsibility of your loss and profit, if you are confident that you can do it by following some important tips which i have given you above than go for it else leave it.
i think the problem is with your patience . its the time for buying alt coin and holding you ll get 50% profit for sure in any coin . so i ll suggest you not to stop here gain some knowledge about bitcoin and its market and continueo
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