Loss almost 40%, should stop trading or not ? - page 27.

gabmen

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Quote from: Mahanton on July 14, 2017, 10:48:54 AM

Quote from: Shutup on July 14, 2017, 10:39:25 AM

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

MB boss

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Quote from: evermarkets on July 07, 2017, 03:31:38 AM

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.

Mahanton

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Quote from: Shutup on July 14, 2017, 10:39:25 AM

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.

Shutup

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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.

Simss

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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 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.

Dudeperfect

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Quote from: Onika84 on July 13, 2017, 05:37:14 AM

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.

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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.

jossiel

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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.

Monnt

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Quote from: logicgate on July 13, 2017, 03:06:50 AM

Quote from: ankit10 on July 12, 2017, 11:36:43 PM

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, when trading is not profitable then switching over to the plans of holding must be a right decisions. We can earn/multiply from any other methods except trading. So, there will be no meaning to simply continuing trading when it is not profitable. Trading some times seems similar to gambling. So, passive type of trading will be profitable all the people.

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.

layoutph

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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.

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?

logicgate

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Quote from: ankit10 on July 12, 2017, 11:36:43 PM

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 .

Dontme

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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?

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%

ankit10

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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

jcojci

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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.

amskas

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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.

ekans45

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Quote from: Nahl on May 28, 2017, 10:37:09 AM

the decission would belong to you because only you could suffer this losses from your trading activities but you had make bad decission with buying the coin when it was pumped and sell immediately because you will fear huge losses but if i to be like you i would continue my trade activities and still curious to recover my losses and better do not trade with emotion because it will ruin your trading results

Don't stop rather develop and learn from your mistakes. It is obvious that you took bad decision in terms of trading. Always remember that before going on a path that you want to try on make sure you have the prior knowledge about it. And in trading there is always a basic principle where you buy low and sell when it's high and that is the opposite of you are doing. But as I said don't stop rather learn and educate yourself properly for you to earn.

aardvark15

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Quote from: fullypak on July 12, 2017, 01:14:27 PM

Quote from: HasHe on July 12, 2017, 09:46:23 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 have not done any research before investing.You have just invested relying fully on your fortune.You should have tried to find the under valued and then should have invested in it.You have just sold your coins in panic.Here after,don't do such mistakes.You have got a valuable lesson in trading.Just continue to do trading but with a small amount.

I think trading is not suitable for this guy because he doesn't have patience and he will not control if the price of any coin stable at a low price for a long time. So better you can stop trading and fins any other work to get back your loss. Or else if you can try to control your feelings and wait until you get profit then try trading one more time or else stay away from this trading.

Being patient and following the price chart are the two most important things when trading in my opinion. If you can't do those 2 things, then it's hard to make profits. You can't just jump in and buy impulsively. You have to watch the fluctuations and buy on a price drop or correction. That's the best way to get your coin at a good price.

After you make a purchase, you have to determine the profit you need to make and place an order for that sell price. You could even not put in a sell order but wait for a pump and sell at that point. Either way, you have to wait for a decent gain and not sell too quickly.

It's hard to be patient but that gives you the best chance to make a profit. Even then you can time it wrong because sometimes there are wild fluctuations that no one can predict.

CuriousInvestor

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If you really do day trading you need to have a system, also it is really bad to be day trading like this in such a volatile and bear state, unless you plan to margin trade which I highly suggest you not to.

patrickgt3

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If you are not patient then stop.
To become a good trader you will loose a lot of more money but you will learn from your mistakes.

fullypak

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Quote from: HasHe on July 12, 2017, 09:46:23 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 have not done any research before investing.You have just invested relying fully on your fortune.You should have tried to find the under valued and then should have invested in it.You have just sold your coins in panic.Here after,don't do such mistakes.You have got a valuable lesson in trading.Just continue to do trading but with a small amount.

I think trading is not suitable for this guy because he doesn't have patience and he will not control if the price of any coin stable at a low price for a long time. So better you can stop trading and fins any other work to get back your loss. Or else if you can try to control your feelings and wait until you get profit then try trading one more time or else stay away from this trading.

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