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Topic: Loss almost 40%, should stop trading or not ? - page 3. (Read 32531 times)

member
Activity: 238
Merit: 10
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 trade this right now, you may find that your loss is so heavy and so much loss is because you have no specific trading plan, no stop loss to be able to freeze and reduce the risk of trade failure. This will be a valuable lesson for you so that you can draw on the experience in trading. Walls in the past few days are constantly volatile and difficult to guess, so you need a commercial plan. To minimize risk and leverage the most safely.
newbie
Activity: 128
Merit: 0
This is too late for you to do that, if you want to stop then you do when you see signs down when it is at 8%. 40% is too late I think you should keep to market recovery should not sell.
member
Activity: 304
Merit: 10
0x1b2d294ab6ca449e34F946B86540cd342cF49100
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?
If you always lost of patience always end to nothing. Why? In crypto you need a lot of patience if you want gain your profit and you know that is not easy money. I advice if you want to continue to trade again you need to be strategic patience is the key to succeed .
full member
Activity: 420
Merit: 100
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?

Continue your journey until you earn,  if you will just stop you will never experience how to earn good in trading after a lot of mistakes and great losses,there is always a good time for everything.
member
Activity: 238
Merit: 17
I would say that you just need to reconsider your approach to trading. Perhaps a little deeper into the study of the topic.
member
Activity: 294
Merit: 36
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 would still suggest for you to continue, but before doing that, you should take a step back and see why you had those losses. It's not easy to soldier on, especially if you lost that much, but then, you have to actually think that if you won't go on: (1) How are you supposed to get back what you lost? (2) Would you just leave it like that and go out of this market like that? (3) Most of us learn by our mistakes and from our losses, therefore, you should consider that as well; and (4) It is a good opportunity to appreciate the market and the craft of trading more. Just my ideas mate.
sr. member
Activity: 588
Merit: 251
HELENA
For me,  i will never stop myself from trading because i can see a good future with trading.  I guess,  it is much better to learn more to improve your skills that can be use to a better trading journey.
member
Activity: 364
Merit: 10
BitSong is a decentralized music streaming platfor
Dont stop trading. Rest but dont stop. If you lost , and upset, rest for a while, hold , and if you are ready risking again, then trade.
The most important thing in trading with cryptocurrencies is to diversify their risks. You can not, you can not invest all the money in 1-3 cryptocurrencies, you need to buy and trade 10-15 cryptocurrency. Cool
member
Activity: 364
Merit: 11
Losing almost  fourthly percent  (40%) in trading is bad for your business, you should stop in trading because in this state you are now absorbing the losses in your investments and it is horrible to loss too much if you are not going to stop this.
hero member
Activity: 1036
Merit: 500
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?

Do you have an education in trading(real world or schooling preferably both)? If you do not know what you are doing is it not likely you will continue to fail?  Do you want to learn how to trade?  Losing helps you learn how to win but if you are increasingly unhappy it is because you are risking too much. 
Someone just gave the right answer for this question– which is simply that the op trades with emotion, and for that he should quit. But I will suggest to just quit for a while, and then go into learning more about trading and knowing how it really works. Another thing you should know is that trading is risky, and you shouldn’t expect to be winning all the time, no matter what, there are times you will lose.

Maybe you shouldn’t quit now, but follow whatever your mind tells you– If your mind says quit, then quit without looking back, or you may end up regretting it.
full member
Activity: 308
Merit: 128
Stop for the day. Traders who are expecting fast results would never be successful in their run as traders. Also, those lrices that you mentioned are the top. Should have observed more before initiating those trades. Analyze the market before making decisions. Was a costly lesson, but still a lesson learned.

The basic thing which a trader should have is Patience. So you should stop for the day or until you understand the system. Emotions is the one thing which you have to leave and get on with trading. Dont think that 40% is a loss, you got a good experience and use it from now.

yeah patience is virtue, remember that theirs always a room for improvement. if you failed for your first try it doesn't means that your going to give up now. most of the trader if they see that their coins might not moving for almost more than a month, they were sacrifice their coins to sell  than to loss 100 % of their profit. at least in that matter they can start to buy another set of alt coins to trade again.
legendary
Activity: 1890
Merit: 1148
My vey irs respnse is.. Great !However it seems only ICO's are.. a fantasyelectronic currencies...sobbing FUD for dollars is very large business rft o
What language are you using?

Just because you lose at something does not mean that you should stop, you can take your time to study your mistakes and learn from them in the future, hopefully then in future you can have better results and recover your losses and then some.
Agreed. But many people feel scared because they losing a lot in trading. After losing a lot, it will take some time before that guy start trading again.
hero member
Activity: 798
Merit: 502
Dont stop trading. Rest but dont stop. If you lost , and upset, rest for a while, hold , and if you are ready risking again, then trade.
Well yes, trading has risk so if you fail once don't just guve up. Failure is a part of life to be successful someday and surrendering while you still can take the challenge is definitely a true failure. Once your in, you should finish it at least.
You are not a good trader if you never commit mistakes with your trades specially the first few trade you had. The key of being successful in this field is to never surrender and just keep learning. Every trade will be a lesson learned so never give up no matter how bad your trade was.
full member
Activity: 420
Merit: 102
Dont stop trading. Rest but dont stop. If you lost , and upset, rest for a while, hold , and if you are ready risking again, then trade.
Well yes, trading has risk so if you fail once don't just guve up. Failure is a part of life to be successful someday and surrendering while you still can take the challenge is definitely a true failure. Once your in, you should finish it at least.
newbie
Activity: 18
Merit: 0
Just because you lose at something does not mean that you should stop, you can take your time to study your mistakes and learn from them in the future, hopefully then in future you can have better results and recover your losses and then some.
full member
Activity: 144
Merit: 100
I'd advise to keep trading with less money-input. Try to learn of your mistakes and never underestimate bitcoin!
full member
Activity: 196
Merit: 100
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?

Do you have an education in trading(real world or schooling preferably both)? If you do not know what you are doing is it not likely you will continue to fail?  Do you want to learn how to trade?  Losing helps you learn how to win but if you are increasingly unhappy it is because you are risking too much. 
hero member
Activity: 1022
Merit: 511
I might depend on the volatility and trends of that altcoin pair you are trading. If you are trading highly volatile with very small satoshi coin, it might just one of the swings. but still, 40% is big enough that you can learn a lot from.
If you fall seven times, get up eight time. The spirit of never giving up is the most essential element in becoming successful. It does not matter which field a person is going for, he must have the courage to face all kind of obstacles and bear this fact in mind that the road to his destination will never be a smooth or a straight one. He must learn from his mistakes instead of making those regrets or this will stop him from pursuing his dreams.
member
Activity: 80
Merit: 11
Hoqu.io – Tokensale is live
I might depend on the volatility and trends of that altcoin pair you are trading. If you are trading highly volatile with very small satoshi coin, it might just one of the swings. but still, 40% is big enough that you can learn a lot from.
member
Activity: 263
Merit: 10
just got to put your emotion aside, a lot of new people buy high sell low
Yes! Many others are victims of these losses. There is nothing to take on heart rather they should treat these mistakes as lessons. Trading is not for everyone and if you are not good at trading don’t be sad. I am myself not doing great with trading, so I shifted to long term holding of bitcoins for making great profits.
Indeed, we should treat those losses as lessons so we can have a better outcome in trading because if we are going to take some lessons from our mistakes then it will become a good step for getting success because only mistakes can make us better and mistake is a sign that we are really trying to become the best and if you are not good in trading then don't give up and keep on trying.
On the off chance that you are having lose such 40% then you should need to actualize the issues and things to settle in light of the fact that on the off chance that you didn't settle these issue then you will have 100% lose in light of the fact that it is guranted and on the off chance that you are having that capacity to settle then you will be achievement one so I might want to state that you should need to enhance the retrogressive.
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