Loss almost 40%, should stop trading or not ? - page 14.

Questat

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Quote from: BivxiuDavi on November 03, 2017, 01:16:01 AM

I lost 30% with OMG. What should i do now Sad

any advise ?

You won't loss money if you will not sell now, bitcoin is on pump so it's expected that altcoins will fall.
Just relax and trust on your decision, this pump will be over soon and we will see our altcoins back in action again, patience is the key so let's have it.

Thanasis

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★777Coin.com★ Fun BTC Casino

Quote from: BivxiuDavi on November 03, 2017, 01:16:01 AM

I lost 30% with OMG. What should i do now Sad

any advise ?

It's okay you can recover your lost amount easily by concentrating on your trades.You need to trade with bitcoin is the best because the price of the bitcoin is now keeps increasing so it will give good profit.Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

Fishmaster23

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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?

Judging by the trend, of course it is necessary to stop, otherwise it will be worse and worse each time. But after all, you already have anger, and you want at least to get out. Therefore, I advise you to try for the last time, as they say all or nothing.

BivxiuDavi

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I lost 30% with OMG. What should i do now Sad

any advise ?

Jombitt

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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?

If you will continue not to control your emotions it will be better for you to stop trading now to prevent another huge loss. Losing of patience is not a good characteristic of a good trader. Learn from your experience and change your attitude in trading. Start again from trading a small amount of coins and if you think you can handle now your emotion.

Aaroenz0r

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lol, my advise is selling all your altcoins and buy Bitcoin immediately. One second delay will cost you a dollar. Cheesy

liseff3

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Suffered a loss? ... Early trading, actually is a natural thing happened, not you alone.
Maybe at that time you don`t have the experience, you don`t understand the analysis, fluctuations that occur in the market, which ultimately affects your emotions. But, your real loss is if you stop. Remember, now you are a person who is experienced in trading, don`t give up following some master directives this forum, I`m sure they can give the right way to succeed on the bitcoin stage.

Diggorry

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I think you should be more cautious at every turn and remember to place a stop loss, which will help you avoid big losses, beyond control.

Aspire68

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Continue trading play on or invest small amount at first and losing is always a part of our life ,that will be our fuel to learn and to be a better trader .If you lose all of 40% don't quit keep striving but if you lose more than 100% think for it if you can afford again and try . It all depends if you can adjust yourself with that amounts so you can recover .

sebastianpenguen

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Quote from: Trela on September 06, 2017, 01:37:25 PM

Quote from: cluit on September 06, 2017, 10:48:47 AM

Quote from: conected on September 05, 2017, 12:42:19 PM

Quote from: majeed on September 05, 2017, 03:43:47 AM

it depends on what situation. I once suffered loss more than 50% but after holding for 1 week, everything was back to normal and I even earned some profit from holding that altcoins. If your altcoins are potential, keep holdnig it. The price will surely when back to normal. And even if you are holding shit coin, dont worry, whales will soon come in and pump the coin within a day

- Yeah, if we hold the potential altcoin, the whale will pump the price back, the most important thing is that we need to keep calm when prices fall sharply, do not panic when we are in this situation, think it is very normal. If we hold the garbage altcoin, I think we should cut losses immediately, 40% or 50% of the account is not a big problem, we will soon recover if we have accurate predictions. Losing is one thing we often face in trading, we do not need sad or depressed because of that, anyone will make mistakes, stop is that we are forever lost but continue, we still have a chance of recovery

No need to go for panic selling, but again if there won't be a panic selling. The prices will keep on decreasing the way they are now... :p
This is what most of big whales want from us. However, I won't get trolled by anyone and holding my bitcoins tightly. Nobody can snatch them from me.

Ok, you can do that if you have bravery hold your Bitcoin til the price of it fall down to lowest price. For me, I will accept my wrong and cut loss when the price of it drop to my stop-loss point. Then, I will buy again if Bitcoin can drop to lowest price for buy more amount than past time Roll Eyes

Oh I never cut my loss in this positions. I alway place stop loss orders, if I didn't place this order mistakenly, I hold it unless I get rid of the loss. Before it, I can't sell it with huge loss.

Trela

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Quote from: cluit on September 06, 2017, 10:48:47 AM

Quote from: conected on September 05, 2017, 12:42:19 PM

Quote from: majeed on September 05, 2017, 03:43:47 AM

it depends on what situation. I once suffered loss more than 50% but after holding for 1 week, everything was back to normal and I even earned some profit from holding that altcoins. If your altcoins are potential, keep holdnig it. The price will surely when back to normal. And even if you are holding shit coin, dont worry, whales will soon come in and pump the coin within a day

- Yeah, if we hold the potential altcoin, the whale will pump the price back, the most important thing is that we need to keep calm when prices fall sharply, do not panic when we are in this situation, think it is very normal. If we hold the garbage altcoin, I think we should cut losses immediately, 40% or 50% of the account is not a big problem, we will soon recover if we have accurate predictions. Losing is one thing we often face in trading, we do not need sad or depressed because of that, anyone will make mistakes, stop is that we are forever lost but continue, we still have a chance of recovery

No need to go for panic selling, but again if there won't be a panic selling. The prices will keep on decreasing the way they are now... :p
This is what most of big whales want from us. However, I won't get trolled by anyone and holding my bitcoins tightly. Nobody can snatch them from me.

Ok, you can do that if you have bravery hold your Bitcoin til the price of it fall down to lowest price. For me, I will accept my wrong and cut loss when the price of it drop to my stop-loss point. Then, I will buy again if Bitcoin can drop to lowest price for buy more amount than past time Roll Eyes

babygun

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trading is a game, you win some, you lose some. Important is that you only trade with money you can miss and that you block your emotions when trading otherwise you can stupid things.
Keep reading and following experienced traders, eventually you will get better

jagdeepjd

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Activity: 700

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trading is a game/business of patience if you dnt have patience then stop trading and move on . in trading you dont loose 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.

cluit

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Quote from: conected on September 05, 2017, 12:42:19 PM

Quote from: majeed on September 05, 2017, 03:43:47 AM

it depends on what situation. I once suffered loss more than 50% but after holding for 1 week, everything was back to normal and I even earned some profit from holding that altcoins. If your altcoins are potential, keep holdnig it. The price will surely when back to normal. And even if you are holding shit coin, dont worry, whales will soon come in and pump the coin within a day

- Yeah, if we hold the potential altcoin, the whale will pump the price back, the most important thing is that we need to keep calm when prices fall sharply, do not panic when we are in this situation, think it is very normal. If we hold the garbage altcoin, I think we should cut losses immediately, 40% or 50% of the account is not a big problem, we will soon recover if we have accurate predictions. Losing is one thing we often face in trading, we do not need sad or depressed because of that, anyone will make mistakes, stop is that we are forever lost but continue, we still have a chance of recovery

No need to go for panic selling, but again if there won't be a panic selling. The prices will keep on decreasing the way they are now... :p
This is what most of big whales want from us. However, I won't get trolled by anyone and holding my bitcoins tightly. Nobody can snatch them from me.

Just_Jinn

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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?

You have to chill, buy and forget about it for at least a week. Day trading is just as profitable as holding for the long shot. Also, are you trading to get fiat or to own more Crypto?

angaper

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One of the first things to keep in mind when starting a career as a trader is the need to have great control over emotions. It is true that there is a natural tendency to panic when we see that the market seems to go against our decisions and the first thing that usually comes to mind is to sell to avoid greater losses. I personally have suffered quite negative situations in my career as a trader but fortunately I have been able to overcome floating losses of 70% or more.

I never recommend selling to take big losses, but for this it is always important, as a first step of responsible money management, avoid entering the market buying at such a high price that eventually lead me to face these potential losses, always expecting a correction of the market after a strong pump to buy, taking advantage of the bullish momentum.

chaser15

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Quote from: el kaka22 on September 05, 2017, 02:40:02 PM

Quote from: fasdorcas on September 04, 2017, 07:59:50 AM

Quote from: BobBct on September 02, 2017, 10:04:07 PM

You loose profit because you maybe to impatient that you just trade and sell it again if you lost 40% if you waited you will gain 50%.

This might be one of the reason. But tired of just by having this much loss is not a good quality. If you will give up and will never try again, then you can never earn and recover what you lost. You need to be patient and have a brave heart in order to excel. You need to learn from your mistakes so that you won’t be repeating the same mistakes in the future resulting in more loss.

I will like to suggest him the same. There is no need to take anything on heart. We all make mistakes in order to learn each and every aspect f trading.

No one becomes expert without committing mistakes. You have lost nothing; still you are young and can burn midnight oil to learn trading and if you don’t want to continue it, try to go for signature campaigns.

Mistakes and errors are the best factors for making an experienced strong and sturdy. That mistakes is one of the reason why most experienced traders today reached their success out of doing trades or any types of methods around.

And to be honest, even the most professional traders today still experiencing mistakes but they didn't take it as a reason just to stopped. You must move forward so that no same mistake will happened again on the future or it will be minimized while giving a person a constant profits.

el kaka22

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Quote from: fasdorcas on September 04, 2017, 07:59:50 AM

Quote from: BobBct on September 02, 2017, 10:04:07 PM

You loose profit because you maybe to impatient that you just trade and sell it again if you lost 40% if you waited you will gain 50%.

This might be one of the reason. But tired of just by having this much loss is not a good quality. If you will give up and will never try again, then you can never earn and recover what you lost. You need to be patient and have a brave heart in order to excel. You need to learn from your mistakes so that you won’t be repeating the same mistakes in the future resulting in more loss.

I will like to suggest him the same. There is no need to take anything on heart. We all make mistakes in order to learn each and every aspect f trading.

No one becomes expert without committing mistakes. You have lost nothing; still you are young and can burn midnight oil to learn trading and if you don’t want to continue it, try to go for signature campaigns.

Victorycoin

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Quote from: quarkyplum on September 03, 2017, 02:20:26 PM

Quote from: darlo1515 on September 02, 2017, 08:44:34 PM

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

Keep your patience until the price of your coin holding go the hell, is right? You need have stop loss and target, after do that, turn off your PC and reseach other way make money or enjoy free time with your friends, family ... In someday, profit will deposit to your account

There are two strong points in statement above:

1. use of stop loss

2. don't over trade.

Often times, the market confirms it has a mind of its own and we don't get it right with our predictions. In order to forestall situations like that from running out of hand, the smart thing to do even before placing an order, is to define the extend of loss you are willing to tolerate and when to throw in the towel. You have to first of live, to be able to fight another day. That's what stop-loss does for a trader. Then hanging to your trading platform can only lead you to start following market noise and end up over trading.

conected

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Quote from: majeed on September 05, 2017, 03:43:47 AM

it depends on what situation. I once suffered loss more than 50% but after holding for 1 week, everything was back to normal and I even earned some profit from holding that altcoins. If your altcoins are potential, keep holdnig it. The price will surely when back to normal. And even if you are holding shit coin, dont worry, whales will soon come in and pump the coin within a day

- Yeah, if we hold the potential altcoin, the whale will pump the price back, the most important thing is that we need to keep calm when prices fall sharply, do not panic when we are in this situation, think it is very normal. If we hold the garbage altcoin, I think we should cut losses immediately, 40% or 50% of the account is not a big problem, we will soon recover if we have accurate predictions. Losing is one thing we often face in trading, we do not need sad or depressed because of that, anyone will make mistakes, stop is that we are forever lost but continue, we still have a chance of recovery

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