Loss almost 40%, should stop trading or not ? - page 33.

Lizzie_Girl

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Quote from: dsanity on June 22, 2017, 09:07:02 AM

Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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.

dsanity

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Quote from: nicolas1979 on May 28, 2017, 09:47:01 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?

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 .

ASHLIUSZ

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Quote from: Stavri on June 22, 2017, 04:14:42 AM

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.

carlfebz2

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Quote from: wuvdoll on June 22, 2017, 07:49:35 AM

Quote from: Stavri on June 22, 2017, 04:14:42 AM

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.

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.

If we are really experiencing big loss then frustrations and depression is always there and as you said we should stop momentarily and think of other ways rather than rushing up again on trading we wont really think off clearly when those doubts and frustration is still on ourselves.We should really moved on and make it as a learning rather than give up so early. Mistakes are part of progress on a certain person.

wuvdoll

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Quote from: Stavri on June 22, 2017, 04:14:42 AM

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.

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.

Stavri

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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.

Ethan_Locke

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Make a Bet, Make a Bit!

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.

Smolko

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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.

John Wick

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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.

logicgate

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Quote from: DevilSlayer on June 20, 2017, 12:21:09 PM

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.

matchi2011

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Quote from: squatz1 on June 20, 2017, 07:37:17 PM

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.

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

squatz1

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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.

HeRetiK

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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.

illicit

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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.

avikz

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Quote from: nicolas1979 on May 28, 2017, 09:47:01 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 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.

sweetbet

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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.

Zadicar

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Quote from: izanagi narukami on June 20, 2017, 12:41:24 PM

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

Quote from: DevilSlayer on June 20, 2017, 12:21:09 PM

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

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.

izanagi narukami

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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

Quote from: DevilSlayer on June 20, 2017, 12:21:09 PM

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

Baofeng

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Quote from: susila_bai on June 20, 2017, 12:03:06 PM

Quote from: Singwala on June 20, 2017, 11:55:52 AM

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

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.

DevilSlayer

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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.

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