Loss almost 40%, should stop trading or not ? - page 20.

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: Sled on August 09, 2017, 05:11:09 AM

Quote from: stepwilli on August 09, 2017, 01:16:41 AM

Quote from: Fatunad on August 08, 2017, 12:17:36 PM

Quote from: Kray on August 08, 2017, 11:49:18 AM

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 also have same problem with you, but i still hold it. stop or not it's depend on your money/budget, if you can hold for long time so it's recomended to hold but if you really need money so you don't have other option except sell your coin.

If you are person with low patience it's recomended not to trade because you can not control your emotion. If you still want to trade, trade with money that you can afford to lose

If you are a type of person who do have short temper then for sure trading wont really be a good thing for you because this will only the cause for you to lose up too much money. Emotions or temper is a big thing if you cant control it then it would really be a problem. Needs would really pull us back to sell our coins in loss but as you said if we do have still money for us to hold on then it would be the best choice.

Nice pieces of advice. I will also suggest the same. Trading is a gradual process of making profits.

A trader must have a strong command over emotions and should have huge patience to enjoy the great profit. Many traders go in loss because they panic when the prices are low and provide chance to others for enjoying the profit.

That is the major thing that most of the trader should master especially the newbie traders that are just getting started in the world of bitcoin. If they want to make decent up to huge profits then they should learn how to manage emotion and also to wait for the market because if they will master those two then earning by trading will become easy as pie.

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.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: Sled on August 10, 2017, 08:26:50 AM

Quote from: Mahanton on August 10, 2017, 07:19:04 AM

Quote from: shield132 on August 10, 2017, 06:50:53 AM

Quote from: rayk on August 10, 2017, 05:42:05 AM

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.

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.

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.

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.

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.

iv4n

legendary

Activity: 3346

Merit: 1191

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.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Mahanton on August 10, 2017, 07:19:04 AM

Quote from: shield132 on August 10, 2017, 06:50:53 AM

Quote from: rayk on August 10, 2017, 05:42:05 AM

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.

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.

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.

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.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: shield132 on August 10, 2017, 06:50:53 AM

Quote from: rayk on August 10, 2017, 05:42:05 AM

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.

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.

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.

Lieldoryn

sr. member

Activity: 630

Merit: 272

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.

shield132

hero member

Activity: 2450

Merit: 948

Metawin.com - Truly the best casino ever

Quote from: rayk on August 10, 2017, 05:42:05 AM

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.

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.

wilwxk

sr. member

Activity: 476

Merit: 314

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.

starblocks

hero member

Activity: 1344

Merit: 502

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

Cool

rayk

full member

Activity: 448

Merit: 100

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.

MiXxe

sr. member

Activity: 462

Merit: 250

Quote from: matchi2011 on August 09, 2017, 11:03:49 PM

Quote from: Tungsten-1 on August 09, 2017, 02:44:27 PM

Quote from: Kray on August 08, 2017, 11:49:18 AM

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 also have same problem with you, but i still hold it. stop or not it's depend on your money/budget, if you can hold for long time so it's recomended to hold but if you really need money so you don't have other option except sell your coin.

If you are person with low patience it's recomended not to trade because you can not control your emotion. If you still want to trade, trade with money that you can afford to lose

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.

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

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.

anggada18

full member

Activity: 532

Merit: 101

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, Grin

be a strong`

CryptoProphet

full member

Activity: 258

Merit: 100

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

JPMoron

full member

Activity: 157

Merit: 100

NO.

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

Questat

hero member

Activity: 2982

Merit: 610

Quote from: matchi2011 on August 09, 2017, 11:03:49 PM

Quote from: Tungsten-1 on August 09, 2017, 02:44:27 PM

Quote from: Kray on August 08, 2017, 11:49:18 AM

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 also have same problem with you, but i still hold it. stop or not it's depend on your money/budget, if you can hold for long time so it's recomended to hold but if you really need money so you don't have other option except sell your coin.

If you are person with low patience it's recomended not to trade because you can not control your emotion. If you still want to trade, trade with money that you can afford to lose

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.

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

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.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Tungsten-1 on August 09, 2017, 02:44:27 PM

Quote from: Kray on August 08, 2017, 11:49:18 AM

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 also have same problem with you, but i still hold it. stop or not it's depend on your money/budget, if you can hold for long time so it's recomended to hold but if you really need money so you don't have other option except sell your coin.

If you are person with low patience it's recomended not to trade because you can not control your emotion. If you still want to trade, trade with money that you can afford to lose

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.

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

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: Kray on August 08, 2017, 11:49:18 AM

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 also have same problem with you, but i still hold it. stop or not it's depend on your money/budget, if you can hold for long time so it's recomended to hold but if you really need money so you don't have other option except sell your coin.

If you are person with low patience it's recomended not to trade because you can not control your emotion. If you still want to trade, trade with money that you can afford to lose

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.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: bubblebit on August 09, 2017, 09:20:59 AM

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 I were in your situation right now, i would pause for a while. Relax and study the winning points in trading. You don't need to stop but to pause for a while. Because if you comeback again in the rush to buy back your loss it would be a nightmare. Take a step back and learn from the mistake that can be avoided the next time.

Yeah stopping and resting, researching after each failure is the best way to improve our trading skills and experience. Losing money is very very normal in trading, amateur or professional will also lose money, this is inevitable, we need to think about this in a simple way. Continuing, we will have a chance to recover if we analyze and predict well but if we stop, the loss is still there and never recovered.

bubblebit

sr. member

Activity: 308

Merit: 251

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 I were in your situation right now, i would pause for a while. Relax and study the winning points in trading. You don't need to stop but to pause for a while. Because if you comeback again in the rush to buy back your loss it would be a nightmare. Take a step back and learn from the mistake that can be avoided the next time.

in00

newbie

Activity: 40

Merit: 0

i think you should stop, because emotion drives motion. It will cloud your judgement for futur trading

Topic: Loss almost 40%, should stop trading or not ? - page 20. (Read 32596 times)