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.
Topic: Loss almost 40%, should stop trading or not ? - page 29. (Read 32596 times)
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. 
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?
Altcoin is more volatile than bitcoin.You have bought high and sold at low.You have just done panic selling.No research.Not analyzed the price movements of coins you have bought.You must have a little bit patience to earn.Now just hold your bitcoins.Since bitcoin price is steadily rising,you could get good profits within six months by just holding your bitcoins.Remember investment in bitcoin should be made on a long term basis. If a trader lost 40% today, surely after he will learn how trading works and gain some skills then may be his daily profit is 40% also which is a lot, but people even earn double. It completely depends on our focus and hard work.
Yep I did just that, in both Crypto and stocks. I held a lot of Zetacoin once and it's price had been rubbish for months and months. It suddenly rose a little and was worth a few $k so I was like "right time to sell" so sold all up. Big mistake, yeah it's ok to sell a little but if you're well in profit after doing that it's a good idea to hold a few. I'd have been in the $10-15k up the day after!
The way I look at it are that losses just need to be made in to gains. Ok so you lost 40% try and use 20% to get a little back and bit by bit you might find you do well.
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?
Altcoin is more volatile than bitcoin.You have bought high and sold at low.You have just done panic selling.No research.Not analyzed the price movements of coins you have bought.You must have a little bit patience to earn.Now just hold your bitcoins.Since bitcoin price is steadily rising,you could get good profits within six months by just holding your bitcoins.Remember investment in bitcoin should be made on a long term basis. If a trader lost 40% today, surely after he will learn how trading works and gain some skills then may be his daily profit is 40% also which is a lot, but people even earn double. It completely depends on our focus and hard work.
What you were upto when the loss was happening? You should have stopped earlier than this. The trading works on how much you can earn and how much you prevent from loosing. This is the formula to be a successful trader. I think you should have stopped earlier and check for the news and updates on the commodity which you were working on. It is always good thing to do that. It helps you decide whether to keep the trade on or. Not if some storm is comping upfront. :-)
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?
Altcoin is more volatile than bitcoin.You have bought high and sold at low.You have just done panic selling.No research.Not analyzed the price movements of coins you have bought.You must have a little bit patience to earn.Now just hold your bitcoins.Since bitcoin price is steadily rising,you could get good profits within six months by just holding your bitcoins.Remember investment in bitcoin should be made on a long term basis. 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?
Don't give up with first time loss, when starting trading, any trader on the world's always get some loss. But after thay, if you can keep calm and see again your misstake in history, use this experience to trading in next time and waiting success! Remember trading is the road only learn and learn, not have limit
I will advise you to continue as loses is part of a successful trading.
It's important to note that at first, the losses are somewhat part of the learning process, but if that changes into structural losses after a year or what, then you're doing something badly wrong.Losses are only part of trading if they fit in the category of collateral damage, and exactly this is something that goes up only for high skilled traders with years of experience to back up their actions.
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.
I will advise you to continue as loses is part of a successful trading.
It's important to note that at first, the losses are somewhat part of the learning process, but if that changes into structural losses after a year or what, then you're doing something badly wrong.Losses are only part of trading if they fit in the category of collateral damage, and exactly this is something that goes up only for high skilled traders with years of experience to back up their actions.
I will advise you to continue as loses is part of a successful trading. In trading I do ask myself any time I make a loses trading, what really happened, was I emotional or greedy when placing the order for my position? Before I answer all this question I will find out that the reason why I loses was because I did not do the rich things! From there I will take responsibility for my actions and console myself with the aim that I will succeed in the next trade. Op please continue after you spend some time developing your strategy and plans. You should not trade without improvement from were you are now. May the God of cryptocurrency be with us all.
Well 40% is too much and you should be stop trading because it seems that its not your cup of tea. Well its an art which not everyone can master it as it require skills to understand and knowledge to trade . Though it involves risk but so are the returns from it if you get it right.
Nope don't give up mate, 40% loss is high amount but now you come out from trading next you will never try and miss many opportunities to make money from trading. With this loss, I think you learned many lessons what to do and what not do. So use your strategies and try to get back your loss. Suppose if you lost money in gambling I will never say that play again and get back your lost. But in trading, you can. Work dedicatedly and earn money.
Well 40% is too much and you should be stop trading because it seems that its not your cup of tea. Well its an art which not everyone can master it as it require skills to understand and knowledge to trade . Though it involves risk but so are the returns from it if you get it right.
Well I have seen some people loss more than 40% of what they have in gambling,
But they are still playing and really want to earn some money through it.
What I am just trying to say is just keep moving forward maybe you lost a huge amount right now but who knows maybe next time you could earn a huge amount from what is left from you.
But they are still playing and really want to earn some money through it.
What I am just trying to say is just keep moving forward maybe you lost a huge amount right now but who knows maybe next time you could earn a huge amount from what is left from you.
In reality earning on gambling is very difficult, my guess is if they are losing more than 40% of their capital, they are probably addicted to it but trading is kinda different. it is not
for fun, it is a great way to earn which requires experience and knowledge. in ops situation he lose because he relies greatly on his emotion which is a taboo in crypto trading. you
should rely on your experience and knowledge not on emotions. i think op is a newbie, but he thinks it is a quick money scheme. You should read first about the basic tips on trading
op. afterwards you can resume trading.
Well I have seen some people loss more than 40% of what they have in gambling,
But they are still playing and really want to earn some money through it.
What I am just trying to say is just keep moving forward maybe you lost a huge amount right now but who knows maybe next time you could earn a huge amount from what is left from you.
But they are still playing and really want to earn some money through it.
What I am just trying to say is just keep moving forward maybe you lost a huge amount right now but who knows maybe next time you could earn a huge amount from what is left from you.
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's a wrong move mate if your in trading then suddenly choose the coin you buy You need to believe on it even your in lost .selling it at more cheaper price is considered as lost but holding it for another more months or week have a possibility to recover your lost. If you worried In your bought coin sell it at early as possible .
You still have 60% of your money. Those losses that you have is a learning experience for you to be careful in where to invest and control your emotions. Your number one enemy with trading is your emotions. Sometimes holding a little bit longer makes a lot of difference compared to selling a bit early thinking that its a possible loss.
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?
No ,Don't stop in trading it is normal situations because of the volatility of the market .Then if you stop you will lose only and end with a losser .Your patience will test your skills its a skills already in trading ,it is the enemy of all traders who doesn't have a long patience .The more patience you have the more earnings will come to you .
You should stop trading for the time being - your description sounds like emotional and irrational trading that is causing you to lose Bitcoin. You need to have a good understanding of the cryptocoin industry, the right mindset, the ability to assume risk, and patience to trade successfully. Also, what is a 40% loss one day in the world of cryptotrading, may not be the next day or week.
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 is what mostly the problems of new traders. They are very emotional. So what if your coin dumped? It can still go up and selling it is your mistake. You lost your money not because the coin goes cheaper, its because your too weak to hold the coins and sell it.
You can't really blame new traders if they panic sell as it is normal and would be a part of their learning experiences. I don't think it's time to give up just yet especially if you've tried and lost only a fee times. Even longntime traders commit mistakes and lose money as well.
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 is what mostly the problems of new traders. They are very emotional. So what if your coin dumped? It can still go up and selling it is your mistake. You lost your money not because the coin goes cheaper, its because your too weak to hold the coins and sell it.
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