Topic: Loss almost 40%, should stop trading or not ? - page 27. (Read 32531 times)
just purchase low and offer high. In the event that you got it low and it goes bring down then hold until it's high. Crypto is extremely unpredictable so don't give your feelings a chance to control you. Pick and purchase coins in the wake of doing no less than an entire day of research on it and really trust the coin will work. This is the manner by which I exchange till now it's been working out extremely well for me
Imo, trading is like playing Texas Holdem (Poker). If you can't find the fish on the table, then you are the fish swimming in a pool full of sharks. 95%+ traders lose money. As a beginner..sure you can get lucky, but the longer you stick around, the more chances those sharks will eventually gobble you whole. Everyone starts somewhere, but just know what you're up against.
No and NO.
It is a good opportunity.
You have to see the overall market,.... I meant from its chart.
Chart does not lie,
Cryptoland is growing.
HODL
It is a good opportunity.
You have to see the overall market,.... I meant from its chart.
Chart does not lie,
Cryptoland is growing.
HODL
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.
Could you share a little bit more how you got managed to make your frustrating trading into profitable trading ?I too got a lot of losses in start of trading but now I'm going in profit.
Because I do see many people are sharing about their continuous losses with trading even they are good with learning from their mistakes like why that losses had happened and what are the root cause for that losses. Still, they are sharing they are unable to tackle like how to avoid losses. If you come with some practical guidelines it will be good for many people including myself.
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.
I too got a lot of losses in start of trading but now I'm going in profit.
I should not stop trading.I will not give up because I have 40% lleft to get back all my loses.Its on what I beleive and I feel that in the end i'll be successful trader.I should focus on my profit.Even if I failed but still I have the hope to be rich though bitcoin.I will keep on hoping until I have breathe theres still I can do to rise up and move.
Thats the spirit we should not give up inspite of those loses and as long we do have still balance theres always a chance that we can able to earn it up again those loses but we should really be more wiser as of now and learn from our past mistakes that we done. Stopping completely without even trying to improve is on ones dumb decision but well there are people who are really easy to give up when they already experience defeat or failure from the very first time. We should really take or accept this loses in able to be molded as a better trader later on.Well some people, we have to accept, doesn't really have the attitude for trading, hence it would be better if they just stick to other things because forcing themselves may just end up with more losses and frustrations. Aside from the patience and knowledge needed, hr roght attitude and mindset i also very important as there will always be times when you're not gpong tohave good returns
I used to be a quantitative trader full time, and still trade on the side now. And I can tell you that I've taken bit hits, and have taken big wins as well. It's natural to lose, but at the same time, it's the best (and only?) way to learn.
I'd try to see what you can learn from this experience. If you're day trading (can't tell your horizon from your post), I would say that daily stop losses are a good way to force a max loss per day, and give you additional time to reflect. Try to figure out what you did wrong and be more methodical in the future. Be positive!
Feel free to PM me if you want to talk about trading mentality.
Yes! You are absolutely correct. Trading with bitcoins need sound knowledge in mathematics, behavioral psychology, business etc. Crypto trading is not gambling at all. You need patience and good control over emotions to play with mind and be one of the successful investors. Analyze your losses and get best out of them. I'd try to see what you can learn from this experience. If you're day trading (can't tell your horizon from your post), I would say that daily stop losses are a good way to force a max loss per day, and give you additional time to reflect. Try to figure out what you did wrong and be more methodical in the future. Be positive!
Feel free to PM me if you want to talk about trading mentality.
I should not stop trading.I will not give up because I have 40% lleft to get back all my loses.Its on what I beleive and I feel that in the end i'll be successful trader.I should focus on my profit.Even if I failed but still I have the hope to be rich though bitcoin.I will keep on hoping until I have breathe theres still I can do to rise up and move.
Thats the spirit we should not give up inspite of those loses and as long we do have still balance theres always a chance that we can able to earn it up again those loses but we should really be more wiser as of now and learn from our past mistakes that we done. Stopping completely without even trying to improve is on ones dumb decision but well there are people who are really easy to give up when they already experience defeat or failure from the very first time. We should really take or accept this loses in able to be molded as a better trader later on.
I should not stop trading.I will not give up because I have 40% lleft to get back all my loses.Its on what I beleive and I feel that in the end i'll be successful trader.I should focus on my profit.Even if I failed but still I have the hope to be rich though bitcoin.I will keep on hoping until I have breathe theres still I can do to rise up and move.
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 think you should stop, because you have not been able to control your emotions. Because I think in trading we must be able to control emotions. I have similar situation too, loss almost 50%, and I try to make my this moment like "wait and see", hopefully the rainbow will arise after storm. I learn what I do about trading, patience and management are good key to get profit, I think.
I have experienced the same when I found myself in the loss of around 35%+ and I decided to hold the position as the amount invested was less than 5% of my capital. I waited for almost 2 to 3 hours and I found that I have not only covered my loss but also made 18% profits on my investments. However, choosing 200X leverage was a silly decision and I was trading in a high risk area.
I have similar situation too, loss almost 50%, and I try to make my this moment like "wait and see", hopefully the rainbow will arise after storm. I learn what I do about trading, patience and management are good key to get profit, I think.
40% is a big loss. But if you think that you can't take it anymore better to part ways with gambling.
It's like you are working with your job, you love your job but the workload is too heavy and you can't take it anymore.
No matter how hard you want to stay but you can't hold on anymore, you'll let go.
It's like you are working with your job, you love your job but the workload is too heavy and you can't take it anymore.
No matter how hard you want to stay but you can't hold on anymore, you'll let go.
You should stop trading know or you should hold your coin until it raise again. Because price will definatelly grow up but if you can't afford loss then you should stop and if you can afford then continue with it
Yes that is great idea if he can't afford loss he needed to stop trading with coin and hold it for bright future till to when he did know all the techniques of trading and later as he wish to start trading or hold it to more for long time. So and if he hold it he is not loss own coins because you are right its price will be very high in coming months or years .Yes, passive trading is nothing but buying and holding for longer haul. Anyone could do this. With respect to speculations on bitcoin's future, holding bitcoins will be definite profitable for all long term holders.
This is me a few months ago where I lost almost 50%. We are in the bitcoin correction we should not trade now. Do not sell just keep it that way. It will go up again next 2months. All you have to do is wait and be patient. Trading is for patient people.
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 should stop trading know or you should hold your coin until it raise again. Because price will definatelly grow up but if you can't afford loss then you should stop and if you can afford then continue with it
Yes that is great idea if he can't afford loss he needed to stop trading with coin and hold it for bright future till to when he did know all the techniques of trading and later as he wish to start trading or hold it to more for long time. So and if he hold it he is not loss own coins because you are right its price will be very high in coming months or years . 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?
That was a big broke bro, I think you should stop from now on then by the time that you already have enough btc again then go back in trading. You should stop now and get back again what was lose from the other strategies that are paying. Calm yourself because if you trade again and try to make it to get back through trading then there is also possibilities that you lose more than 40% 
You should stop trading know or you should hold your coin until it raise again. Because price will definatelly grow up but if you can't afford loss then you should stop and if you can afford then continue with it
if we think that we can not handle for more loss then i am suggesting to cut loss trading and start from the bottom. but if you are still enough to stay with the loss and you are sure that the price will back normal, then hold is the best choice. but before you make decision, i hope we can calculate or at least we can make sure what is the worst thing that we can get if one decision is made and we should realize that in trading, no one can always gets profit in every day.
Rather than drive yourself nuts with anxiety watching the price, do yourself a favor
and learn more about Bitcoin. Don´t look at the price all day, that leads to nothing.
and learn more about Bitcoin. Don´t look at the price all day, that leads to nothing.
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