Loss almost 40%, should stop trading or not ? - page 21.

geegaw

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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

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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 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

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

Sled

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Bitcoin- in bullish time

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.

stepwilli

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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.

dragonusa9

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Quote from: CIF on August 08, 2017, 12:24:40 PM

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

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.

You can stop calling it trading and just invest! Stop thinking about short term benefits. Simply put your money into something you trust and forget about it. Don't check exchanges everyday - just let it sit. It will grow.

with short temper like that, invest wouldnt be a good way. i just think he would be good to gamble, because its easy to gain and lose money
but he better stop trading and stacking BTC or learn how to be patience on trading. if he dont lose temper, he can climb to top slowly

CIF

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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.

You can stop calling it trading and just invest! Stop thinking about short term benefits. Simply put your money into something you trust and forget about it. Don't check exchanges everyday - just let it sit. It will grow.

Fatunad

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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.

Kray

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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?

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

Stedsm

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Nicolas, you seriously don't know how to trade actually. Patience is the key and you should trade wisely, cutting losses at such levels will leave you nowhere but bankrupt. You should have waited because markets will definitely take up and boost back once things get settled completely for Bitcoin.

Hoganye

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Quote from: Sled on August 08, 2017, 07:55:48 AM

Quote from: CIF on August 07, 2017, 08:00:37 PM

Quote from: no0dlepunk on August 07, 2017, 07:03:44 PM

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?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon. Cool

Marin trading is about the worst thing you can do in this business.

Margin trading is not the worst thing because if you know how to do margin trading then you can easily make a thousand of dollars by just doing that. Margin trading is one of the fastest way to grow or to earn more money in the market of cryptocurrency but it has a very high risk that can easily get your money so study about it first before you do it.

I think with the crypto market, when margin trading you should keep this order in one day, maximum is one week because after one week the price of your coin trading can't going as your predict, maybe have big change on market can make you take loss. This is my experience after take loss 8 BTC margin trading Stellar Cry

Sled

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Bitcoin- in bullish time

Quote from: CIF on August 07, 2017, 08:00:37 PM

Quote from: no0dlepunk on August 07, 2017, 07:03:44 PM

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?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon. Cool

Marin trading is about the worst thing you can do in this business.

Margin trading is not the worst thing because if you know how to do margin trading then you can easily make a thousand of dollars by just doing that. Margin trading is one of the fastest way to grow or to earn more money in the market of cryptocurrency but it has a very high risk that can easily get your money so study about it first before you do it.

CIF

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Activity: 280

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Business on the Blockchain

Quote from: no0dlepunk on August 07, 2017, 07:03:44 PM

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?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon. Cool

Marin trading is about the worst thing you can do in this business.

no0dlepunk

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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?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon. Cool

avikz

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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?

I am sorry to hear about your losses. I also initially bought some ETH when the price was at 322 USD. I usually don't invest in altcoins because my favorite pair is BTC/USD and I arbitrage a lot. However, I din't buy a very small amount of ETH, I bought 0.8 ETH which costed me a good amount of money.

However, I am still holding it with a positive outlook. I don't need short term profits. So I am holding it for the price to come up and then only I will sell it. Patience is the key in trading and if you don't have patience, trading is not your cup of tea.

torry28

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Quote from: LodisMcguire on August 07, 2017, 05:11:28 PM

It's a good coin you have invested,but you have a weak hand,why are you so eager to sell?
You only loss when you sell,in trading patience is number one factor to make profit

As you can see now XRP price still low (it falling down to 5.5k sat now) so i think OP has made a right decision to sell his XRP for 12k sat although he loss 40% of his money becuse of that. I also don't think if XRP can go back to 21k sat like OP bought

LodisMcguire

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It's a good coin you have invested,but you have a weak hand,why are you so eager to sell?
You only loss when you sell,in trading patience is number one factor to make profit

guoyu78

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Quote from: iram3130 on August 07, 2017, 08:02:06 AM

If you can't afford loses then you should never invest into cryptocurrencies. Because the first rule is not to sell when it goes down. Hold them tight, give some time. I have seen lots of people got loss in trading but patience is virtue.

Losses are just part of trading so it has nothing to do with cryptocurrency trading especially. But a trader must focus on avoiding losses in upcoming trades so that he will get chances to recover his losses. When continuing trading with no improvements will lead to 100% losses of capital. I guess no trader will be ready to lose all his capital as it will be much humiliating one for sure.

sensimilia

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-40% isn't much in perspective. bitcoin and many other coins have made wilder swings!

RealPhotoshoper

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Quote from: iram3130 on August 07, 2017, 08:02:06 AM

If you can't afford loses then you should never invest into cryptocurrencies. Because the first rule is not to sell when it goes down. Hold them tight, give some time. I have seen lots of people got loss in trading but patience is virtue.

Put the money that you can really afford to lose in trading.
Otherwise you will not have a good result as you may will always underpressure and your decision won't be good either.
Cutloss before that kind losses happened , i mean set your cut loss on 5% or so. 40% is way too deep.

Topic: Loss almost 40%, should stop trading or not ? - page 21. (Read 32553 times)