Loss almost 40%, should stop trading or not ? - page 23.

Monnt

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Quote from: passwordnow on August 01, 2017, 01:59:03 AM

Quote from: Apollo777 on July 31, 2017, 11:41:23 PM

Live and learn, most traders will lose their shirts and learn from their mistakes before becoming "successful" at trading for the long run.

If he thinks that it is not worth it to learn and stay with trading as he lose 40% then what's the deal with it? I know those people that are not giving up are the ones that are becoming successful in the end. But not all the time we as traders can't endure it the losses and mostly we will just give it up and just put our hands up.

Just giving up without taking efforts to correct the mistakes definitely will lead to losing those 40% for ever. But coming back with strong technical analysis and a perfect trading strategy definitely will lead to big success in near future.

I will never recommend to give up but stopping for time being must be a requirement for any trader to correct his mistakes. Without taking any break might be leading to further losses. That will be more frustrating than stopping for time being to gain knowledge on how to avoid losses.

FLoving

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Quote from: MiXxe on August 01, 2017, 03:28:27 AM

Quote from: chichigirl on August 01, 2017, 01:08:37 AM

For me, i will not stop trading, good traders learned from their previous mistakes. You will get a good profit when you finally learned some techniques in trading. And finally earned more and bring back what was lost from your investment.

That is a good decision ,many traders quit and stop after losing because they think it is too hard to trade which is not or a bad entry if you don't treat your mistakes into learnings and losing is normal in trading .You can't be a good trader if you will experience an instant winning than slowly developing your skills while knowing all possibilities that happens in trading.

I also appreciate his courage for continuing with trading even after facing loss. I agree with you that he should turn his loss into lesson. We all become veterans by committing mistakes and then learning from them. He should just be little more patient with trading and do some more study about trading.

ivanst776

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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 .

Art ? Different people are coming with different explanation for trading. Still, I agree trading is all about predicting the future and when we are not good with skills to predict the future then losses will be inevitable. A trader should avoid losses by anyhow so that he can survive in trading.

A trader should stop before facing big loses like 40% of his capital. We may face losses in trading, that is not a big concern but we should also know how to recover, that is more important to survive in trading.

ekoice

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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 invested and traded without any idea.First,you should have done a research to find the most under valued coin and should have invested in it.Otherwise,you would have to get caught in a pumped altcoin.You have just sold your coins in panic.You should not follow the market blindly.You have got a lesson in trading.Just make us of your gathered experience and do trading carefully in future.

metenjean

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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?

IMO, you should've considered stop trading once you lost more than u can manage... You should start building your own trading plan and trading rules before you start trading again and i recommend you review those things.
If you still can manage losing 40% of your capital, its ok if you keep trading. But you must review your trading plan and built it to achieve profit, and dont forget not to revenge trading Grin

webdevmastery

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My best advice is, Dont go with your emotion. Calculate the instance and have more patience. Its like a game try to be more strategic. Dont stop trading, Its normal to lose but learn from the things that you already experienced and make sure you wont do it again. My suggestion is that, If you already have enough money. Try to built your own mining rig so you can have a passive income.

indrakusumaindra

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stop.. you need to chill and be calm to start again or you gonna lose more than what you lose now. be patience and make your lost as your experience on next invesment.

xcajun21

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Quote from: hisuka on July 29, 2017, 02:28:43 AM

Quote from: xcajun21 on July 29, 2017, 01:27:17 AM

I know what you mean. Your loss is someone else gain. I recently invested in storj coin and from there patience was a virtue to me.

Losing btc in trading is you can serves it as a lesson and summarize at what point did u make a mistakes. You were right if in lose someone gained profit. Just follow the basic rules in trading buy at dip and sell when earn profit. Take it as a lesson so next time you are prepared on what to do during trading in the market.

Of course. But sometimes the lesson is totally different. There are many hot crowdsale which aren't so hot anymore after the release. Much depends on the exchange as well. These sleeping giants seems to do calculated move and not based on time... but the sentiment of the project.

MiXxe

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Quote from: chichigirl on August 01, 2017, 01:08:37 AM

For me, i will not stop trading, good traders learned from their previous mistakes. You will get a good profit when you finally learned some techniques in trading. And finally earned more and bring back what was lost from your investment.

That is a good decision ,many traders quit and stop after losing because they think it is too hard to trade which is not or a bad entry if you don't treat your mistakes into learnings and losing is normal in trading .You can't be a good trader if you will experience an instant winning than slowly developing your skills while knowing all possibilities that happens in trading.

Dudeperfect

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Quote from: chichigirl on August 01, 2017, 01:08:37 AM

For me, i will not stop trading, good traders learned from their previous mistakes. You will get a good profit when you finally learned some techniques in trading. And finally earned more and bring back what was lost from your investment.

Exactly, mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future thus the best way in such situation is to learn from such mistake and carry on with the lesson. I used to lose 100% capital in my initial days of trading but eventually, I learned the process and improved my trading, risk management skills now I rarely find myself in the same situation. I would strongly advise OP to carry on with less amount and higher frequency of trades.

SirLancelot

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Quote from: chichigirl on August 01, 2017, 01:08:37 AM

For me, i will not stop trading, good traders learned from their previous mistakes. You will get a good profit when you finally learned some techniques in trading. And finally earned more and bring back what was lost from your investment.

Stopping trading is good but it should be temporarily until gaining enough knowledge to resume trading. There will be no meaning of continuing trading when you will be facing lots of losses. It will not be easier to learn lessons from mistakes when you are not enough mature to make use of your mistakes.

First thing we need to do must be, gaining knowledge and then experience then only we must enter into trading.

passwordnow

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Quote from: Apollo777 on July 31, 2017, 11:41:23 PM

Live and learn, most traders will lose their shirts and learn from their mistakes before becoming "successful" at trading for the long run.

If he thinks that it is not worth it to learn and stay with trading as he lose 40% then what's the deal with it? I know those people that are not giving up are the ones that are becoming successful in the end. But not all the time we as traders can't endure it the losses and mostly we will just give it up and just put our hands up.

Mack007

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Quote from: Apollo777 on July 31, 2017, 11:41:23 PM

Live and learn, most traders will lose their shirts and learn from their mistakes before becoming "successful" at trading for the long run.

True, they say 90 % fail and 10% succeed

https://www.fxstreet.com/education/the-top-10-reasons-why-traders-fail-201402210000

Day trading cryptos is a dangerous game, in more of a buy and hold kinda t

Mack007

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Quote from: tntdgcr on May 28, 2017, 08:49:50 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?

you stop. you've already broken all the rules, as you're trading with emotion. Neither Rome nor fortunes were built in a day.

Exactly! If he wants to have any sucess, imo (take it or leave it), read up tremendously on the coins you're purchasing and buy during a dip, hold for quite some time and see where it goes after a few weeks. Day trading cryptos will leave you pennyless, the whales will eat you right up

chichigirl

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HELENA

For me, i will not stop trading, good traders learned from their previous mistakes. You will get a good profit when you finally learned some techniques in trading. And finally earned more and bring back what was lost from your investment.

Apollo777

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Live and learn, most traders will lose their shirts and learn from their mistakes before becoming "successful" at trading for the long run.

glowing10

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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 .

Zadicar

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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.

This is the main thing which should be considered.If you dont have trust on any coin in the market and it seems you are just wasting your money then better to completely stop and move into other things on which you can see that can able to make you money because if you let these doubts would remain you cant really execute trading properly because you do have these kind of doubts.

boriswat520

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

virtualkeybuyer

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Quote from: ?? on ??

Don't give up, consider the loss as an experience, teacher.

I too got a lot of losses in start of trading but now I'm going in profit.

You are right. Giving up at this crucial time when the prices are going to pump will be a regretful decision. Loss and profit are parts of trading. Never take losses on heart. Try to figure out where u went wrong and never repeat those mistakes.

Topic: Loss almost 40%, should stop trading or not ? - page 23. (Read 32596 times)