Topic: Loss almost 40%, should stop trading or not ? - page 20. (Read 32553 times)

No one is perfect. Even those who are expert in trading now a day were once just the beginners and had committed mistakes. Mistakes and wrong decisions give us experience. They indicate that person is struggling hard to get command over a particular business. As far as trading is concerned, yes! Anyone can go for trading.

I personally can't understand how could someone lose money trading other than if he really wanted to lose it. I mean you buy at some price and then what? After few hours or a day you decide to sell it for lower money? It doesn't make sense. You do calculation you set up bid and offers you leave it and when the time comes it happens. The price fluctuations are so high in cryptocurrency market that if you wait with your badly purchased coin long enough you will most likely finally sell it for more than you've bought it. Just don't panic the next moment it's price get's lower by 0.001%.

For example, few days ago I bought a large amount of some coin when it was at it's peak, it then after a huge dump fell into nothing and I thought to myself okay so I'm left with an useless worthless coin now, yet after another few days it came back and I even managed to get profit from it. So what was I suppose to do? Sell it when it hit the bottom and cry that I've lost money because of buying at wrong time? I'm pretty sure that if not in few days, at least few months will again get this coin above the price I've bought it so I would be able to profit. Trading needs cold blood, patient and it's the best to treat the money you want to use in trading as already lost, wasted and thrown into garbage. It's the money you are willing to lose, so it shouldn't bring any emotions to you, therefore you won't panic sell when something goes wrong.

In the first days of trading, I lost almost 2/3 of the amount invested in trade. I was very upset. Almost all the coins I bought at a high price, after which they quickly began to get cheaper. I made many mistakes in the trade. But it did not stop me, because I understood that you can earn a lot of money in trade. And now I'm a successful man in trade. I advise newcomers not to despair and to continue to learn

Emotions play crucial role in trading and many traders end with great losses just because they don’t have good control over their emotions.

Emotions have significant effect on your decision making. Trading is a business where we need to use only our brains than hearts. A good understanding of crypto market, its trends and sound knowledge of coping emotions are criteria to be a good trader.

We all should learn from our mistakes and treat them as our lessons rather than regretting over them. I don’t believe that trading is not for everyone. We all have got different potential of doing trading and those who think they are bad at trading, can learn it with some sincere efforts.

Well 40% isn`t a little loss, but anyway its just a loss you need to try more and more if you wish to learn how to make profit. When ever I lose money I also feel little bit sad, but that is the game sometimes you win sometimes you lose. Losing is part of learning process, and like members above said you only lose if you stop. I like this sentence because you can use it in many life situations, and trading is not something that is easy to use, a lot of practice is needed, in that practice you will lose money but if you are better with time you will have more profit then loss, just practice and learn.

That is truth, there  are people who are not meant for something that they want to do but they can still make it work if they will just learn from their mistakes because all of us, do mistakes and the only thing that we need to do with those mistakes is to analyze and try to learn something from it. Trading will never make your life happy if you are not serious with it.

There are things which arent really for ours no matter how hard we do try and sometimes deciding to quit isnt really bad at all and there are times that our instincts do really tell us on what to do that we do see its the best way to be done to avoid such more lose further more. Some may say that he must proceed even more but its his decision and we cant really stop it.

The trade requires great endurance. You have seething emotions. This is very bad for trading. Probably the reason you lost 40%. You need to calm down and get training. Maybe trading is not your profile? Try to earn Fiat and just buy bitcoins. They will give you a profit at the expense of growth rates, and when you learn how to trade you will return to the stock exchange with a starting capital.

Yes losing is always normal in trading but imagine, he lost 40% in trading. So if this man continues trading, there is no doubt that he will lose more. Maybe not stop but pause of trading will be better because there are many demo platforms where you can to learn or improve your trading skills.

If this 40% its not essential for you and if you have conditions to continue trading, the answer is yes. Because trading in long term its more profitable tha tranding in short term.

Just invest in some good long term projects and you can't go wrong or else jump on twitter and checkout lots of seasoned crypto traders and ask around for advice

There's quite a few on my twitter if you look through the following list

http://twitter.com/thestarparadigm

You only lose when you stop trading, trading can't be always profitable, sometimes you have to lose money and this is very normal in trading and it gives you experience.

Thou, all is good to experience so in the next trades you will be more become a better trader however doing it redundantly or experiencing often is not good because it is a clear proof that you don't learn in your previous trades so you will not move up your skills in trading.

dont give up now..
Wait until the price is back and do not sell cheap price. And during the wait you should follow the program bounties campaign on bitcointalk,
be a strong`

don't stop!
loss 40% is not big.. please wait rise

NO.

Keep going, it is a good time to HODL
Good time to buy.

Learn from your loses but always set a limitation, losing 40% is quite low, some even lose 100% of their capital
and still get back to apply what they have learn. The risk is always there, you can minimize it if you educate yourself and learn from
your mistakes every time you make one, always develop and develop, it's a long journey.

That's a very good way to put it. Don't let yout losses put you down especially if it's just the start of your trades. Losses will become an important part of your portfolio because that's where more lessons will be learned. Eventually you'll improve and become a better trader

Golden words for you Nicolas, failure is the first step toward success and if you do not learn from your failure then it all become disaster for you in the future, so first thing keep in your mind while trading is that when you loss, do not be panic just find a reason why it happen and try to fix these reason, in this way you can keep up your pace with trading and one day it will lead you to be rich man.