Loss almost 40%, should stop trading or not ? - page 28.

daneranon89

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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?

Stop trading and hold on to your portfolio for another 3 to 6 months. Don't book losses now or your chances of making profit will be gone at the very moment you click on that "SELL" button. There is panic all over. Just forget about Cryptos and come back after 3 to 5 months.

HasHe

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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 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.

Fatunad

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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?

Dont stop, it may be a big loss for you but its a part of learning process and i would say that you did buy on the peak prices of both coins which made you lose up money thats is why we should really be careful on entering markets specially when we see a hype or certain price increase usually pullback or corrections do really happen later on thats why we should really be wise on executing orders.

cshelswell

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Just to add to this - if you learn from your mistakes (I made some big ones), this year I'm 115% up so no don't give up.

Trade 50% of your remaining equity and try and double it, take out your initial and if you get it right you'll be good

mk4

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Quote from: deadsilent on July 07, 2017, 09:20:54 PM

As i see, there's no way you could earn big enough from trading.

You're very wrong. daytrading is very very profitable if you know what you're doing. I know someone personally who does this as his daily job. Yes, he doesn't make profit everyday, but when he does make a profit, it's surely big.

Quote from: deadsilent on July 07, 2017, 09:20:54 PM

I suggest spend only your 40%-30% of your portfolio. Altcoins are aIl sleeping. I feel frustrated right now because i loss big amount. But it's okay tho. That's part of the game.

Once again, wrong. Altcoins are sleeping? Have you seen the recent prices? They've went up and down sharply multiple times! I'm a very newbie trader but I've made a bit of money from trading these altcoins just buy timing it right.

Dazedconfused11

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Gotta learn to short 50/50 or something and hold until the price bounces. It's too volatile of a market to sell quick imo.

dasana212

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Because trade has only two sides: profit and loss. Called a loss, if we have lost everything. Be patient, learn errors, thorough and dont rush in doing sell or buy orders may help us in achieving profits in trading.

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Quote from: ethereumhunter on July 07, 2017, 09:28:44 PM

its sadly for us which still keeping altcoin, as far as we know, altcoin have down too far following bitcoin price. i am loss to but i am not cut loss my altcoin and i still keeping it. i am sure that this is just temporary situation because of many news about segwit of bitcoin and many trader is panic. i think they are confuse to still hold btc and altcoin or to sell their btc and altcoin. but all decision is up to you and only us that will know what is the best for us.

No matter how many lose you will have you just need a 1 win to success in trading that is experience because in trading the more you lose the more you will like to quit but if you will quit you will lose again so just keep investing in altcoin and that is the way to win here in crypto world and trading.

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Quote from: ethereumhunter on July 07, 2017, 09:28:44 PM

its sadly for us which still keeping altcoin, as far as we know, altcoin have down too far following bitcoin price. i am loss to but i am not cut loss my altcoin and i still keeping it. i am sure that this is just temporary situation because of many news about segwit of bitcoin and many trader is panic. i think they are confuse to still hold btc and altcoin or to sell their btc and altcoin. but all decision is up to you and only us that will know what is the best for us.

When the price of bitcoin is down a bit it will make a big effect to the price of altcoins, that is the trend but when the price of
bitcoin is healthy again then we will see a good price in altcoins. I think we just have to be patient with it, it will rise again.

ethereumhunter

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its sadly for us which still keeping altcoin, as far as we know, altcoin have down too far following bitcoin price. i am loss to but i am not cut loss my altcoin and i still keeping it. i am sure that this is just temporary situation because of many news about segwit of bitcoin and many trader is panic. i think they are confuse to still hold btc and altcoin or to sell their btc and altcoin. but all decision is up to you and only us that will know what is the best for us.

deadsilent

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Today, i decided not to trade altcoins for now. As i see, there's no way you could earn big enough from trading. I suggest spend only your 40%-30% of your portfolio. Altcoins are aIl sleeping. I feel frustrated right now because i loss big amount. But it's okay tho. That's part of the game.

ivar

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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?

Life is a set of experiences, one good and the other bad but no one never know which is the most beneficial for you,
In my opinion you do not need to ask this question because you do not need only yours, however, if you have lost the hope of winning and the motivation to trade stops anyway, otherwise rebelote the game !!

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If you can't control your emotion then you should stop. Because treading is not emotional game. this is patience game. Treading first rule is Buy low and sell high but you did wrong. You have to wait for next pumping. Hold if you are in lose. If you are in profit then sell.

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Quote from: daneranon89 on July 07, 2017, 06:26:49 AM

Quote from: BitHodler on July 07, 2017, 05:38:20 AM

Quote from: Sanitough on July 03, 2017, 07:05:15 PM

I even lose 100% of my capital in trading but that does not make me stop, instead I work hard to improve my mistakes and I
am hoping that slowly I will be able to get back my loses and be on the profitable side one day. Well, that was a long time ago because
now, I am already enjoying my profit in trading, if you quit you will never win, remember that.

Good for you that you managed to gain profits after losing big time, but what exactly have you learned?

In most cases people just blindly trade in the hope that they will be on the positive side after a while. Some times they lose hard, and some times they win hard ~ what makes you think you're not one of them?

Trading only makes sense if you know how to properly analyze the market, and read out as much information as possible that brings you as close as possible to a profitable trade. It ain't something easy.

I will tell you one thing that worked for me. Invest. I mean invest for 2 years at least. Don't touch your investments at least for 2 years and you will do fine. Don't trade simply looking at prices that are pumped up. Buy only when the price is red and is consolidating. That is when you make money. I bet you lost money because you bought when it was high.

Of course holding long term investments is better than maybe day trading. But some don't have the patience to really hold for long term because of other reasons. But I have to agree that holding long term will really put you in an advantage because the chance of getting profit is huge specially in bitcoin market. So hold then go back after 2 years to reap your rewards.

jossynakamoro

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90% of coins i lost where through stop losses. my first rule is I never sell bitcoins. I wait for it to fall significantly and then go bullish. If you go bearish with BTC, whenever it moves up to a new support, you loss money and since we all know that BTC's value would in the long run always go up, why then go against the market. In my own opinion:
1. Always go bullish. Patiently wait for the price to drop and then BUY unless you're scalping.
2. Don't jump out of trades even if you are dip down unless it's obvious you bought into a bubble.
3. You could place "take profit" margins but forget stop losses, you'll loss money.
4. Get familiar with indicators. They help. Alot.
[#longLIVEcryptos]

p.s. try practicing with a demo account.

daneranon89

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Quote from: BitHodler on July 07, 2017, 05:38:20 AM

Quote from: Sanitough on July 03, 2017, 07:05:15 PM

I even lose 100% of my capital in trading but that does not make me stop, instead I work hard to improve my mistakes and I
am hoping that slowly I will be able to get back my loses and be on the profitable side one day. Well, that was a long time ago because
now, I am already enjoying my profit in trading, if you quit you will never win, remember that.

Good for you that you managed to gain profits after losing big time, but what exactly have you learned?

In most cases people just blindly trade in the hope that they will be on the positive side after a while. Some times they lose hard, and some times they win hard ~ what makes you think you're not one of them?

Trading only makes sense if you know how to properly analyze the market, and read out as much information as possible that brings you as close as possible to a profitable trade. It ain't something easy.

I will tell you one thing that worked for me. Invest. I mean invest for 2 years at least. Don't touch your investments at least for 2 years and you will do fine. Don't trade simply looking at prices that are pumped up. Buy only when the price is red and is consolidating. That is when you make money. I bet you lost money because you bought when it was high.

BitHodler

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Quote from: Sanitough on July 03, 2017, 07:05:15 PM

I even lose 100% of my capital in trading but that does not make me stop, instead I work hard to improve my mistakes and I
am hoping that slowly I will be able to get back my loses and be on the profitable side one day. Well, that was a long time ago because
now, I am already enjoying my profit in trading, if you quit you will never win, remember that.

Good for you that you managed to gain profits after losing big time, but what exactly have you learned?

In most cases people just blindly trade in the hope that they will be on the positive side after a while. Some times they lose hard, and some times they win hard ~ what makes you think you're not one of them?

Trading only makes sense if you know how to properly analyze the market, and read out as much information as possible that brings you as close as possible to a profitable trade. It ain't something easy.

Lorilikes

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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?

Ouch! I would like to first say that I am sorry for your misfortune. Then I want to point out That you said exactly the right word to describe the issue that will need to be fixed in order for you to successfully invest and profit. You said you are IMPATIENT.
If you decide to buy again, lock it up in a vault and forget about it for a few months. Perhaps this will be the only way to achieve results for you, and it works. I like to take a small amount of all my funds- every time - and stash away just enough that could pay for a cup of coffee or a dinner. Then I delete that amount from my mind totally. So the money doesn't exist to me any more. It adds up quick and when I am ready to look into the vault it's going to be enough to pay for my sons college. Voila.

To answer your question: continue, but be patient....

iram1011

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Quote from: RealPhotoshoper on July 07, 2017, 03:53:40 AM

Quote from: iram1011 on July 07, 2017, 03:24:16 AM

Everyone makes loss while trading. It isn't a big deal. I agree your one was a big percentage. Usually people make huge loss because of impulse trading. First thing you should do is give yourself a break, try to know whether you want to start afresh, if yes then try to learn about trading. Read experience of people. You will get many. Don't try to copy them, just learn what mistake they made. You can read Trading Chaos by Bill Williams. You can watch Coinigy shows on YouTube. Search more about trading and techniques if you want to go back to trading.

also don't forget to trade the money you can afford to lose only.
otherwise your trading could be a disaster istead a way to make money steady right?
cut loss never be a good feeling , people should understand about it , and to take a break for a while is the best choice to calm down yourself.

Yeah, trading the money that you can afford to lose is the key point in trading. Person should always be ready for the worst case scenario. This way they don't panic and stay calm.

RealPhotoshoper

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Quote from: iram1011 on July 07, 2017, 03:24:16 AM

Everyone makes loss while trading. It isn't a big deal. I agree your one was a big percentage. Usually people make huge loss because of impulse trading. First thing you should do is give yourself a break, try to know whether you want to start afresh, if yes then try to learn about trading. Read experience of people. You will get many. Don't try to copy them, just learn what mistake they made. You can read Trading Chaos by Bill Williams. You can watch Coinigy shows on YouTube. Search more about trading and techniques if you want to go back to trading.

also don't forget to trade the money you can afford to lose only.
otherwise your trading could be a disaster istead a way to make money steady right?
cut loss never be a good feeling , people should understand about it , and to take a break for a while is the best choice to calm down yourself.

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