Loss almost 40%, should stop trading or not ? - page 29.

daneranon89

full member

Activity: 210

Merit: 100

True Flip ICO: 28 of June 2017

Quote from: BitHodler on July 07, 2017, 06:38:20 AM

Quote from: Sanitough on July 03, 2017, 08:05:15 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

legendary

Activity: 1526

Merit: 1179

Quote from: Sanitough on July 03, 2017, 08:05:15 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

sr. member

Activity: 672

Merit: 251

Content| Press Releases | Articles | Strategy

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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

hero member

Activity: 896

Merit: 521

Quote from: RealPhotoshoper on July 07, 2017, 04:53:40 AM

Quote from: iram1011 on July 07, 2017, 04:24:16 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

legendary

Activity: 1050

Merit: 1001

Quote from: iram1011 on July 07, 2017, 04:24:16 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.

evermarkets

member

Activity: 77

Merit: 10

Founder of EMX

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.

iram1011

hero member

Activity: 896

Merit: 521

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.

cshelswell

hero member

Activity: 615

Merit: 500

Quote from: raven7886 on July 07, 2017, 03:55:55 AM

Quote from: HasHe on July 04, 2017, 01:35:35 AM

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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.

Profit and loss is part of every business. It obviously doesn’t mean you should stop trading with bitcoins. At the start trading can seem very hard and people may lose their faith but you have to have some courage to see yourself emerging out of loss to profit.

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.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: HasHe on July 04, 2017, 01:35:35 AM

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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.

Profit and loss is part of every business. It obviously doesn’t mean you should stop trading with bitcoins. At the start trading can seem very hard and people may lose their faith but you have to have some courage to see yourself emerging out of loss to profit.

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.

falal

brand new

Activity: 0

Merit: 0

the reason why you have been lost is you panicked. I hope you learn something for now. Trading need patience

Hui8

sr. member

Activity: 602

Merit: 259

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. :-)

HasHe

hero member

Activity: 952

Merit: 500

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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.

quarkyplum

full member

Activity: 378

Merit: 100

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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

Sanitough

hero member

Activity: 2856

Merit: 673

Quote from: BitHodler on July 03, 2017, 04:01:23 PM

Quote from: Idrisu on July 03, 2017, 02:32:36 PM

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 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.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Idrisu on July 03, 2017, 02:32:36 PM

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.

Idrisu

sr. member

Activity: 924

Merit: 260

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.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: bitcoinisbest on July 03, 2017, 01:15:10 PM

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.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

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.

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: xvids on July 03, 2017, 12:50:01 PM

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.

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.

xvids

sr. member

Activity: 1176

Merit: 301

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.

Topic: Loss almost 40%, should stop trading or not ? - page 29. (Read 32531 times)