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Topic: Loss almost 40%, should stop trading or not ? - page 30. (Read 32596 times)

sr. member
Activity: 714
Merit: 252
You are completely being annoying with trading methods. I am feeling like you are very emotional dependent trader which is not good thing for a trader. Emotions always test you when you do trading by making you impatient (as you being one) and making you loose money. See, first thing you start a trade with a goal of making X % of profit and keep in mind that you won't leave that trade unless and until you reach your goal. The strategy is very simple, if you decide to buy something you love, then you will have it at any cost and you wont let down your emotions over that thing because you love it. So trade with patience and make your goals your greed not impatience. Also, try to find good asset before you put yours takes on it. This will do half of your successful trade. Always remember to chose good asset + to put a goal to get profits. That will make you good trader.
sr. member
Activity: 672
Merit: 250
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
In trading making good decisions is a must. If you will gonna make trades you need to know the basic and proper way of trading. Actually the basic rule in trading is you always need to monitor the price and if price is the point you will need to manage whenever you want to sell or buy. And for a newbie in trading you always need to follow the trend of a coin or bitcoin so you can know the possible changes. Buy when its low and always sell when it the price is high or in the other word hold until you reached your target price you will not end up on losing bitcoin. And also remember that in bitcoin there is always a risk and losing is normal just make sure that you learned from it. Do not stop rather develop your trading ways.
legendary
Activity: 1036
Merit: 1002
I would keep holding if I were you. The time  you start getting discouraged could be when the Market is about to turn in your favor.
If you must sell, sell and move to coin that is about trend up... just keep holding if you don't find any..
Im agree with you mate people are afraid to lose their money and profit however the moto of this trading is how you can earn id you don't risk? How you can grow your money if you afraid to lose coins. This is why there are news and ofher thing that can be done with trading. If the market are in favour for all then its totally a blast and everyone will become millionaire always find a coins that has potential to grow.
Ucy
sr. member
Activity: 2730
Merit: 403
Compare rates on different exchanges & swap.
I would keep holding if I were you. The time  you start getting discouraged could be when the Market is about to turn in your favor.
If you must sell, sell and move to coin that is about trend up... just keep holding if you don't find any..
legendary
Activity: 1386
Merit: 1000
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you can put another 20% to bet to profit back, although you have reached the threshold of loss if you have unwilling words.

but if you loss this 20% again, please exit the game, it's over to you.
If he won with his another 20%, he only recovered 20%. He must profited 200% or 4x from his 20% to recover all his losses before. Profitted 200% especially in altcoins trade is so hard, as the price always violate and we don't exactly know when is the right time to buy or sell.
copper member
Activity: 2394
Merit: 539
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you can put another 20% to bet to profit back, although you have reached the threshold of loss if you have unwilling words.

but if you loss this 20% again, please exit the game, it's over to you.
sr. member
Activity: 443
Merit: 250
If I lose 40% I stop trading and never trade anymore permanently. But I don't lose that percantage because I'm always using stopp-loss commands.

Yes its true, like when you know that you're already losing up, know when to stop. You lose almost half of your assets. Think first and clear your thoughts. Maybe you can do more readings about trading for you to have a strategy and gain more knowledge as this is important matter. Your money is in always at risk here.
If I am in your case I will not quit, you have a good start because you will learn from your experience at the early stage.
Actually if trading is really what you want you will do everything to improve your strategy and ensure next time you will not gonna make the same mistake again. I think most of us have a losing experience when we are still starting but it's not a hindrance to stop ourselves in getting our goal.
I agree with marakal, why not use that to make experience for the future trading? Any newbie trader in first time will not know when time need out the market and use stop loss if their prediction is wrong, but need that to help them have more brave and experience in future because on the world's not have anyone can confirm they never loss in crypto market! Important after this loss, you can revive, continue trading and improve your disadvantages
hero member
Activity: 2954
Merit: 719
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.
Eventually they will learn if they really want to make money, statistics will only help you to analyze but what is
very important as a trader is to have the ability to control his emotion, without that he will not be successful.
sr. member
Activity: 364
Merit: 250
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.
legendary
Activity: 3108
Merit: 1290
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If I lose 40% I stop trading and never trade anymore permanently. But I don't lose that percantage because I'm always using stopp-loss commands.

Yes its true, like when you know that you're already losing up, know when to stop. You lose almost half of your assets. Think first and clear your thoughts. Maybe you can do more readings about trading for you to have a strategy and gain more knowledge as this is important matter. Your money is in always at risk here.
If I am in your case I will not quit, you have a good start because you will learn from your experience at the early stage.
Actually if trading is really what you want you will do everything to improve your strategy and ensure next time you will not gonna make the same mistake again. I think most of us have a losing experience when we are still starting but it's not a hindrance to stop ourselves in getting our goal.
sr. member
Activity: 308
Merit: 250
If I lose 40% I stop trading and never trade anymore permanently. But I don't lose that percantage because I'm always using stopp-loss commands.

Yes its true, like when you know that you're already losing up, know when to stop. You lose almost half of your assets. Think first and clear your thoughts. Maybe you can do more readings about trading for you to have a strategy and gain more knowledge as this is important matter. Your money is in always at risk here.
full member
Activity: 206
Merit: 100
If I lose 40% I stop trading and never trade anymore permanently. But I don't lose that percantage because I'm always using stopp-loss commands.
hero member
Activity: 672
Merit: 500
I sugges to you dont stop in trading . Because if you stop trading your lose your opportunity . Trading is not easy but you can earn bitcoin ifbyou fully confident of  what you doing  . You need more time also and patience. Make a lot of research first before buying alrcoin to make sure that your altcoin you want to buy have potential . If you do this you prevent losing bitcoin.
I would like to suggest you that never stop trading try to bring change.If you have ability try to watch whats going on around. What is the mistake from where you start go to that point.If for you bitcoin is now very expensive then try to invest in altcoins. Because we know that altcoins is an alternative of bitcoin.Take a huge risk which can make your trade grow once again.
full member
Activity: 588
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?
For me its better to continue,theres still hope until dont die.That 40% might give you 10x profit when bitcoin increase on a high price for you to get your loses.You have to be brave to face that theres a hidden surprises for you in the future.As morning comes every morning there is still hope to every hopeless.So  40% have a very big hope for rhe coming time.
legendary
Activity: 1050
Merit: 1001
I suggest you to just buy and don't sell. In trading, mostly there will be regrets and only regrets.
Well taking up on your reply it is wrong to just buy you will only wasting your money .You need to have a research first in need if you are not familiar in the altcoins that you are going to spend .Education in altcoins is needed before buying any coins in the exchange that will give you profit in the future.
Indeed if you do it in random way , you will just wating your money like that.
But when you do it in well prepared way like have made a lot of research that the coin has a lot of potential then the idea could be good enough.
Like when eth on 0.03 you bought them and hold it till the prediction eth could up to 0.3 or 0.4 bitcoin! The pount is do your own research .
hero member
Activity: 2520
Merit: 783
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?

Yeah as everybody says, just trade what you're able to lose.
So I hope by this time you already stop in trading.
You trade with much emotions without thinking what will be the circumstances.
Stop before you end up in nothing. Or if you really wish to continue, i hope you learned from your mistakes.
Like in everybend if the day, is it you that can decide my friend.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
I suggest you to just buy and don't sell. In trading, mostly there will be regrets and only regrets.
Well taking up on your reply it is wrong to just buy you will only wasting your money .You need to have a research first in need if you are not familiar in the altcoins that you are going to spend .Education in altcoins is needed before buying any coins in the exchange that will give you profit in the future.

Indeed. There are coins that are profitable and are almost sure to recover in price in the right time. So observe the history and charts of the coins you're interested in and its likely you'll know when the best entry point is. Its also good if you have a coin tracker so you won't miss the movement of these coins even if you're not at home.
hero member
Activity: 588
Merit: 541
When you see people talk about the weak hands it's not a metaphor actually it's literal, when they grab something it will become harder and harder

To hold it they get tired and drop it. what you need to do is waiting 10 days or 7 days at least before deciding to sell or not, prices in markets will

Never change the way you expect them to do, this is the risk of trading every one always mention, after you buy a coin you'll have to wait for an

Increase, you either see it soon and will sell then or you'll never be able to sell it with a profit and you'll lose. if you are not up to this then don't

Get into trading.
hero member
Activity: 854
Merit: 500
Stake & Vote or Become a IoTeX Delegate!
I suggest you to just buy and don't sell. In trading, mostly there will be regrets and only regrets.
Well taking up on your reply it is wrong to just buy you will only wasting your money .You need to have a research first in need if you are not familiar in the altcoins that you are going to spend .Education in altcoins is needed before buying any coins in the exchange that will give you profit in the future.
full member
Activity: 161
Merit: 100
I suggest you to just buy and don't sell. In trading, mostly there will be regrets and only regrets.
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