Stop trading, at least wait and come back in a couple of days.
Your psychological trading pattern will be way of and you will involuntarily take silly risks.
Topic: Loss almost 40%, should stop trading or not ? - page 33. (Read 32596 times)
Work on your mindset first, this is the most important factor.
You have to be able to survive downswings without any bigger damage to your mindset.
Losses are a part of trading.
You have to be able to survive downswings without any bigger damage to your mindset.
Losses are a part of trading.
I know time passed after you opened the topic but many people reading this page. Stopp-loss function is a key and fundamental in trade. If you use a proper stop-loss, you never lose that much amounts like 40% or more.
For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.
And I think he should not to stop trading because when he will tried to again and again in trading he will be more expert and will know all technique about trading because when he will doing loss any time so the time will come that he has know all the information about trading , and next time he can start trading with a good way and will gain more benefits. 
At this point bud, you should really look at the way you trade and what you're doing with it, because the whole BUY LOW SELL HIGH isn't going to work if you're just going to sell low and buy high, you're really just going to be asking to lose a ton of money. If I were you I would rexamine the way you trade, build up more capital and do try again at some point.
I personally, would rather be a more sit back and just throw money kind of trader then a day trader that's going to waste a lot of time everyday just buying and selling and eating all the fees that go along with it.
So don't stop, just think about the way you trade.
I personally, would rather be a more sit back and just throw money kind of trader then a day trader that's going to waste a lot of time everyday just buying and selling and eating all the fees that go along with it.
So don't stop, just think about the way you trade.
Same here. I think that's a better way if you're just new to trading. Instead of staring at altcoin movements all day whichbcan make you really anxious and prone to panic, set a sell order and wait. 40% loss is normal for new traders and a lot more have lost bigger amounts. Focus on learning more and in time, you sbould be able to make successful trades consistently
At this point bud, you should really look at the way you trade and what you're doing with it, because the whole BUY LOW SELL HIGH isn't going to work if you're just going to sell low and buy high, you're really just going to be asking to lose a ton of money. If I were you I would rexamine the way you trade, build up more capital and do try again at some point.
I personally, would rather be a more sit back and just throw money kind of trader then a day trader that's going to waste a lot of time everyday just buying and selling and eating all the fees that go along with it.
So don't stop, just think about the way you trade.
I personally, would rather be a more sit back and just throw money kind of trader then a day trader that's going to waste a lot of time everyday just buying and selling and eating all the fees that go along with it.
So don't stop, just think about the way you trade.
If you feel like you can't handle the losses emotionally... stop.
Otherwise: Take a break, study the market and find yourself a strategy to adhere to, as to give your future-self guidance in avoiding emotional snap decisions. Never risk more than you can afford to lose. Try to avoid assets that you either don't understand or don't fully believe in... else you can become easy prey to unexpected market behaviours. Oh, and once you're on a good run... don't get too attached to your investments. Dare to take a profit every once in a while.
Otherwise: Take a break, study the market and find yourself a strategy to adhere to, as to give your future-self guidance in avoiding emotional snap decisions. Never risk more than you can afford to lose. Try to avoid assets that you either don't understand or don't fully believe in... else you can become easy prey to unexpected market behaviours. Oh, and once you're on a good run... don't get too attached to your investments. Dare to take a profit every once in a while.
I am sorry for your loss but it is just part of being a trader you should already know it before you started trading,But I think you should not stop trading and just simply move forward and make more profit to make up for your losses.
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 am sorry to hear about your losses, but I believe you haven't studied the market well before trading. That is the main thing you need to do before you jump in to trading activity. Also patience is another key factor you need to have during trading. Unless and until you are playing with margin money, you should not hurry to predict the market.
Always read the charts for at least one month and try to guess the price pattern of any pair, you are planning to trade with. Otherwise, you won't be able to predict the market correctly. The market study will help you to decide at whay price you want to enter and at what price you need to sell. That is very important.
Stop and take a break for now. Read the advice people have given you, draw up a trading strategy for yourself and get back into it slowly and carefully with smaller amounts of money while you test your new trading strategy.
If you're in loss position, better to keep hold rather than sold it so make sure that your coin are not scam/bad project ( check their feedback before try to invest )
Trading usually make profit easier than gambling so if you still want to make profit, just keep do it
People must loss if they want to success on the future
Its better to hold off than to sell on cheap and i would really do the same thing.I dont cut losses no matter what and im a kind of person do really like to gamble when i do saw that the coins does have potential on growing up later on.If you do lose then treat it as an stepping stone for you to become more a better trader as the time goes by. 40% might be big and now for sure you did really learn a lesson. Trading usually make profit easier than gambling so if you still want to make profit, just keep do it
For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.
People must loss if they want to success on the future
If you're in loss position, better to keep hold rather than sold it so make sure that your coin are not scam/bad project ( check their feedback before try to invest )
Trading usually make profit easier than gambling so if you still want to make profit, just keep do it
People must loss if they want to success on the future
Trading usually make profit easier than gambling so if you still want to make profit, just keep do it
For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.
People must loss if they want to success on the future
Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
Perfectly said in trading if you cannot accept the loss then it is better to leave it, trading is not that you will always win but their are some time when we have to accept loss also. But if you have capacity to hold then you wont be in loss also only thing is you have to keep patience and in low you have to average it so that on next up movement you can sell in profit immediately
Its really part of trading. But some people can't take it. So as others have said, if you can't take it then leave and find other ways how to earn btc or altcoins. I myself has felt frustration from my trading loses but I just take it like a man and live another day and not think it. I try to stay positive and leave it my losses behind.
For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.
Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
Perfectly said in trading if you cannot accept the loss then it is better to leave it, trading is not that you will always win but their are some time when we have to accept loss also. But if you have capacity to hold then you wont be in loss also only thing is you have to keep patience and in low you have to average it so that on next up movement you can sell in profit immediately
Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
I Suggest you to stop trading.
Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset
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 suggest you to sell it. Unless you have lots of btc to backup your losses. There are many other coins that are more potentially profitable to be traded.Indeed it is the risk of a trade, sometimes loss sometimes profit, all you can do is set a target and quickly decide whether you want to take it off or hold it, one day will go up or down without any warning.
There is no need to feel depressed or discouraged. You can't expect to profit out from trading everytime. Sometimes you incur losses, and sometimes you get profits. If you don't want to incur losses beyond a certain limit, then I would advice you to trade after setting strict targets and stop-loss values.
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 suggest you to sell it. Unless you have lots of btc to backup your losses. There are many other coins that are more potentially profitable to be traded. 
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?
God! Who told you to sell ETH at BTC0.077? Right now it is going at BTC0.143! Had to held on to your Ether tokens, then you would have got almost 100% ROI. Trading requires a great deal of patience. But don't feel heart broken. You can still try trading alts. Who knows what will happen the next time? Perhaps you will be able to recover all the losses.
You can't blame the OP because he is kinda new to this venture, especially if the money he put in is something he can't afford to lose. I'd say, maybe you lost 40% but the learnings you got from it is more than the money.
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