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. 
Topic: Loss almost 40%, should stop trading or not ? - page 32. (Read 32551 times)
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
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.
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.
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.
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.
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.
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.
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
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
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
I've been through something like this. It is very difficult to accept and feel the stress. If you stop, then you really lose. Not a matter of money loss, but it is important to learn from failure.
I do not stop and pick another coin and focus on BEF.
Spirit
I do not stop and pick another coin and focus on BEF.
Spirit
Without loss we'll not know where our mistakes in trading. Whether the undercooked analysis factor is in a hurry to decide whether to sell or buy, or because our emotional factors are less stable then maybe because we dont understand money management in trading. Learn the mistakes and keep on trading.
Well he doesn't know on how to act correctly in this kind of situation since im so sure that he gets rattled for the result when certain coins he's holding to gets dump, But if he acts wise unto it and accumulate more when its on dumping stage well the big provabilities to gain well be achieved by him. And now he shouldn't think to quit and better to learn from this so that he can act and think correctly while doing some trades next time.
If you ever lose more than %15 a day, you absolutely have to stop there and take a rest.
If you keep going after that huge loss, you will definitely lose more and more. Let your body take a deep breath and think about the mistakes you've made.
If you keep going after that huge loss, you will definitely lose more and more. Let your body take a deep breath and think about the mistakes you've made.
paitience is the key in the trading.
if you buy at high, then you have to hold until the price gets higher.
i lost 10% last week, but it didnt stop me from trading.,
i am not a daily trader. but still.
look at the bright side , you have got experience now.
buy when you think price cant go any lower and sell when the price is high, dont think about becoming millinaire in one day., step by step., and dont trade in panic.
if you buy at high, then you have to hold until the price gets higher.
i lost 10% last week, but it didnt stop me from trading.,
i am not a daily trader. but still.
look at the bright side , you have got experience now.
buy when you think price cant go any lower and sell when the price is high, dont think about becoming millinaire in one day., step by step., and dont trade in panic.
The main rule in trading is buy low, sell high. Or... buy high, sell higher. lol
You broke this rule by panic-selling, so you lost your money.
Next time, when the price goes down - BUY. When it goes up, SELL.
You broke this rule by panic-selling, so you lost your money.
Next time, when the price goes down - BUY. When it goes up, SELL.
Losing is a part of the game, you need to get over it and accept it.You will await bigger loses in the future, but also if you are doing it right bigger wins.
I've been through something like this. It is very difficult to accept and feel the stress. If you stop, then you really lose. Not a matter of money loss, but it is important to learn from failure.
I do not stop and pick another coin and focus on BEF.
Spirit
I do not stop and pick another coin and focus on BEF.
Spirit
Without loss we'll not know where our mistakes in trading. Whether the undercooked analysis factor is in a hurry to decide whether to sell or buy, or because our emotional factors are less stable then maybe because we dont understand money management in trading. Learn the mistakes and keep on trading.
I've been through something like this. It is very difficult to accept and feel the stress. If you stop, then you really lose. Not a matter of money loss, but it is important to learn from failure.
I do not stop and pick another coin and focus on BEF.
Spirit
I do not stop and pick another coin and focus on BEF.
Spirit
All of us made similar mistakes. I wouldnt / didnt stop after loosing.
Try to learn when to buy. Do not buy around all time high points.
Don't be rushing to make the profit that you lost. Have patience and buy at the right time as suggested by the above mate. This will help you profit good and try to learn from mistakes and make yourself a perfect person into trading. Losing happens often and the one who finds way to overcome this becomes successful in trading.Try to learn when to buy. Do not buy around all time high points.
All of us made similar mistakes. I wouldnt / didnt stop after loosing.
Try to learn when to buy. Do not buy around all time high points.
Don't be rushing to make the profit that you lost. Have patience and buy at the right time as suggested by the above mate. This will help you profit good and try to learn from mistakes and make yourself a perfect person into trading. Losing happens often and the one who finds way to overcome this becomes successful in trading.Try to learn when to buy. Do not buy around all time high points.
All of us made similar mistakes. I wouldnt / didnt stop after loosing.
Try to learn when to buy. Do not buy around all time high points.
Don't be rushing to make the profit that you lost. Have patience and buy at the right time as suggested by the above mate. This will help you profit good and try to learn from mistakes and make yourself a perfect person into trading. Losing happens often and the one who finds way to overcome this becomes successful in trading.Try to learn when to buy. Do not buy around all time high points.
Does not mean you lose you will stop trading , always remember that trading is risk and there are part that you not always win or earn profit from it you need to experience to lose to earn more profit however this could be your lesson and be careful more on your next move don't just buy always see for the news and coins that grow in exact time.
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