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

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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Business on the Blockchain

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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Activity: 2296

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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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Activity: 625

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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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Activity: 1680

Merit: 535

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

full member

Activity: 280

Merit: 100

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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Activity: 490

Merit: 258

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.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

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.

bluefirecorp

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Quote from: glowing10 on July 31, 2017, 10:26:42 PM

Quote from: boriswat520 on July 31, 2017, 09:21:09 PM

If you dont trust in the prospect of BTC or other crypto, I suggest you rather stop trading.

Trading is not easy job. It's an art of understanding the technicals and forecasting the future . If you are good at it then only trading can become a successful else you can suffer losses in it . So better to first learn this skills .

Yes, there will be no point when we are not having enough confident about the future of one asset to trade with. Trading is nothing but a short-term investment.

So, we must have enough knowledge about the future of an asset to trade with. Otherwise losses will occur when we are dealing with improper assets. Improper means for example lots of scam coins are there and trading them definitely will lead to big losses.

stunvn

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All altcoins are dead at the moment. How can you guys still making money?

I even buy low but tomorrow the price goes lower and touched my stop-loss. Fuck that, I thought that if I don't put stop-loss, it won't touch it and will bounce up soon. But no!!! fuck! I bought STRAT, didn't put stop-loss because of fear of losing. But no. It went lower tomorrow when BTC surge to $3k more. FML.

I thought this month all alts will have a brighter future but no! BTC up to the ATH and alts fall back. I lost 0.6 BTC in 20 days.
I wish I never buy any altcoin, I should stay with my bitcoin. The idea should have more bitcoin turns out losing almost everything.

I have no LUCK. FML.

I'm on a losing streak. I should hold bitcoin and quit trading for a month a two to peace my mind again.

Topic: Loss almost 40%, should stop trading or not ? - page 21. (Read 32596 times)