Topic: Loss almost 40%, should stop trading or not ? - page 32. (Read 32596 times)
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.
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?
bro think
in the first place you risk to buy that hoping it will goes up maybe x10 or x 5
just trust the process and trust your instinct
hold it .
Lol I know right ? He bought in at a really bad time . You need to do your research not just blindly buy. Also what did he spend all if what he had on only two currencies and not ten ? You just split your investments. He sold because he was impatient. He should have held his coins but never have bought at that procto begin with. Don't understand people like this really I don't.
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?
bro think
in the first place you risk to buy that hoping it will goes up maybe x10 or x 5
just trust the process and trust your instinct
hold it .
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.
I like to suggest to stop temporarily after facing big losses. Because we must need some time to learn after a big frustration, simply continuing after heavy losses might lead to more confusions like we could not focus on trading. When we will be trading without focused the mindset, there will be no guarantee that we will not lose futher.Try to learn when to buy. Do not buy around all time high points.
So, it must be a good practice to stop trading for sometimes temporarily and we should focus on learning some strategies and mastering some technical tools. When we are having confident about our skills, we can resume our trading.
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.
I like to suggest to stop temporarily after facing big losses. Because we must need some time to learn after a big frustration, simply continuing after heavy losses might lead to more confusions like we could not focus on trading. When we will be trading without focused the mindset, there will be no guarantee that we will not lose futher.Try to learn when to buy. Do not buy around all time high points.
So, it must be a good practice to stop trading for sometimes temporarily and we should focus on learning some strategies and mastering some technical tools. When we are having confident about our skills, we can resume our trading.
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.
Try to learn when to buy. Do not buy around all time high points.
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