Loss almost 40%, should stop trading or not ? - page 31.

asyakashi

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Quote from: jack1111 on June 24, 2017, 03:34:03 PM

The price drop make newbie traders sell because they think it will not rise again, I have experienced this issue when I was a newbie trader, after that I discovered that I should not fear, because for the top marketcap coins, it is just a matter of time to recover their prices.

It happened to me, obviously.
I'm always worried after the price drops the coin will not rise again.

Question123

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Dont stop in trading because trading you can earn a lot of bitcoin. But you need a lot of patience in trading. My strategy is when I bought coin and the price dump I will buy more again thats startegy is really works. Dont be afraid if you bought altcoin and the price is dump because you have chances to buy more coin with cheap price. I suggest make a lot of resesrch first before buying altcoin.

tabas

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Quote from: asonganyi on June 25, 2017, 01:25:34 AM

Ya you better stop what you were doing and start trading. because am not sure you were trading over there

He's already been trading and has a big percentage of lose already.

Quote from: asonganyi on June 25, 2017, 01:25:34 AM

There are soo many formulas and trading strategy out there for trading all of them confirm to one " BUY LOW SELL HIGH"

It's the only way to make profit in trading, buying at low price and selling it at higher rate for profit taking.

Quote from: asonganyi on June 25, 2017, 01:25:34 AM

so go out there look out for those formulas and strategies try some and adopt yours or even create yours. then you can start trading ..

He can follow some people who are giving free signals and speculations, it can be helpful but not all the time.

bluefirecorp

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Quote from: bitcoin31 on June 24, 2017, 06:24:52 PM

I suggest to you continue to trade because trading is onr of the best way to grow our bitcoin. You need a lot of patience and research before you earned . Dont give up bro for sure you will earn bitcoin in the future and dont put all your bitcoin in one altcoin only because in your post you are only bought ripple I think.

But continuing the trading without rectifying the mistakes which were the root cause for losses will not make any sense as there will be no guarantee like losses will not occur in similar manner again. To have safer trading at least from this point, I strongly suggest to go for learning skills till then stopping trading must be a good idea.

Fredomago

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Quote from: HatakeKakashi on June 25, 2017, 04:18:54 AM

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.

confident is not the deal mate its knowledge that you can learn while you are inside trading its better to have this in order for you to gain confidence and it will allow you to earn and gain back what you have lose, experience is the best teacher in life though.

HatakeKakashi

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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.

asonganyi

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Ya you better stop what you were doing and start trading. because am not sure you were trading over there
There are soo many formulas and trading strategy out there for trading all of them confirm to one " BUY LOW SELL HIGH"
so go out there look out for those formulas and strategies try some and adopt yours or even create yours. then you can start trading ..

bitcoin31

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Activity: 1834

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I suggest to you continue to trade because trading is onr of the best way to grow our bitcoin. You need a lot of patience and research before you earned . Dont give up bro for sure you will earn bitcoin in the future and dont put all your bitcoin in one altcoin only because in your post you are only bought ripple I think.

di-livio

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Quote from: Skarner21 on June 24, 2017, 03:52:08 PM

Quote from: di-livio on June 24, 2017, 03:43:37 PM

Just follow good traders on tradingview like EXCAVO, VerthaghOG or AaronX. Just check what these guys do and try to figure out whats the most +EV move.
You can also follow me @dilivio on tradingview or mrCryptoG at twitter.

You will never learn if you just follow other trading ways how they making profit.. much better to make your own strategy or monitor the market and learn to put your own margin of every coin..
You can try to use spark profit if you are newbie it can be good to start for beginners to learn to make your own margin.. and its free but you will earn points that you can exchange into bitcoin or usd..

LOL, its all about making more BTC. Try to use the indicator GODMODE in combination with stoch rsi and MACD. Winning combination.

harizen

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Quote from: jack1111 on June 24, 2017, 03:34:03 PM

The price drop make newbie traders sell because they think it will not rise again, I have experienced this issue when I was a newbie trader, after that I discovered that I should not fear, because for the top marketcap coins, it is just a matter of time to recover their prices.

It's not that they think it will not rise again but they are easily being drived when there is massive readings about sold bitcoins now or they are worried that their profit are dramatically decreasing in no time without realizing that everything will be fine after all depends on the coin they are trading as some coins are pump and dump session in whole operational progress.

Reality, most of the average traders are having a weak hands. But sometimes the weak hands movement are effective since others can take profit and price will really decrease more for even at least 50-100%.

Skarner21

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Massive price drop coming...

Quote from: di-livio on June 24, 2017, 03:43:37 PM

Just follow good traders on tradingview like EXCAVO, VerthaghOG or AaronX. Just check what these guys do and try to figure out whats the most +EV move.
You can also follow me @dilivio on tradingview or mrCryptoG at twitter.

You will never learn if you just follow other trading ways how they making profit.. much better to make your own strategy or monitor the market and learn to put your own margin of every coin..
You can try to use spark profit if you are newbie it can be good to start for beginners to learn to make your own margin.. and its free but you will earn points that you can exchange into bitcoin or usd..

richardsNY

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Quote from: jack1111 on June 24, 2017, 03:34:03 PM

The price drop make newbie traders sell because they think it will not rise again, I have experienced this issue when I was a newbie trader, after that I discovered that I should not fear, because for the top marketcap coins, it is just a matter of time to recover their prices.

Everyone has been through the sell in panic stage, I am definitely not an exception, but the main point of importance is that we understand what we did wrong. There are loads of people that keep making the same mistake as it is almost a never ending cycle for them. Panic sell, buy back, panic sell, buy back -- these people should stay far away from trading/investing for their own well being....

di-livio

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Just follow good traders on tradingview like EXCAVO, VerthaghOG or AaronX. Just check what these guys do and try to figure out whats the most +EV move.
You can also follow me @dilivio on tradingview or mrCryptoG at twitter.

jack1111

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The price drop make newbie traders sell because they think it will not rise again, I have experienced this issue when I was a newbie trader, after that I discovered that I should not fear, because for the top marketcap coins, it is just a matter of time to recover their prices.

Supercrypt

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Quote from: TrumpD on June 24, 2017, 12:57:52 PM

Trading is a very special profession and trading successfully requires a unique set of skills. Op you are obviously a bad trader, hopefully you stopped before losing the rest of your coins.

Personally I do not prefer anyone to be marked as a bad trader just due to lack of skill set. Moreover trading is not a hard profession and I believe it will be possible for everyone when they will be ready to dedicate some of their precious time. I mean to say OP should not quit trading completely but it would be better to stop for the time being and must start learning skills immediately.

chaser15

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Quote from: Malsetid on June 24, 2017, 10:28:52 AM

Quote from: Azkabal on June 24, 2017, 01:57:35 AM

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?

Well this loss is your experience and lessons. So my opinion just gather more information and patience, and just continue!
You will take your money back Cool

If you're that impatient, then you'd lose a lot of money in trading and it would probably be better if you just stop. One of the most important factors for a good trade is patience. Like the example, for sure eth and xrp would still go higher though it may take time. Never sell below your capital dude. Wait if you have to but never sell below your capital

There are really people who panic once the price where coins are being bought goes down lower. Instead of waiting, they will sold it so the result is loss. Building volume take time and the process of rampage only happened when there is an ongoing panic buying.

While price are being lowered make sure that people have extra funds so that while they are still holding coins and waiting for it to bounce back, they are taking advantage of that price dip. As a result, it will be more quantity to hold and will give a noticeable profit once the price goes up again. It was already stated in the community a million* times that PATIENCE needs in trading.

Victorycoin

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Quote from: FrueGreads on June 16, 2017, 01:34:33 PM

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?

I think it's very hard to do short term trading with e-coins. I think you should try to buy some (not margin trading, just buy them), and hold them.
Invest in solid coins like ether, or just buy some BTC if you can. Doing margin trade, or trying to get some fast profit in the short term is like gambling, at least for me. I probably don't have enough knowledge to do it, but at least buying coins and holding them is working for me right now, and I would get some decent profit if I sold them right now, but I will continue to hold.

It does not have to be margin trading to experience what op did as even with simple buy and hold, if you were unfortunate to have bought at a peak price and it crashed subsequently, the value of your asset can actually deteriorate badly depending on latest developments in the ecosystem. A way out is to never max out your fund with any buy or sell, be prepared for contingencies.

hah

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Don't buy high then sell low. Do only buy low and sell high. If you bought it low and it goes lower then HODL until it's high. Crypo is very volatile so chill and don't let your emotions control you. Pick and buy coins after doing at least a full day of research on it and actually believe the coin will work. This is how I trade and so far it's been working out very well for me. My only issue right now is that I sell too early I only 2x my profits when I can 4x it if I HODL longer.

TrumpD

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Trading is a very special profession and trading successfully requires a unique set of skills. Op you are obviously a bad trader, hopefully you stopped before losing the rest of your coins.

Blackout1321

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Quote from: scorge on June 24, 2017, 11:14:15 AM

I think you better stop trading for now. You haven't grasped the situation about trading. It's better for u to just buy btc or other altcoin and hold it, meanwhile you learn more about trading. Learn to read candlestick and many things. I start from very small amount but until this day i never just 1 loss in my trading. You need to study the coin even further too. Every coin have a characteristic when u found it, you will be able to guess it's movement. Hope it helps.

Take a break, don't completely stop trading. If you don't want to trade anymore for fear of losing money. Just do a long term hodl and earn it that way.

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