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Topic: Loss almost 40%, should stop trading or not ? - page 35. (Read 32596 times)

legendary
Activity: 1372
Merit: 1027
Dump it!!!
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.
Great to see other users doing day trading and loss is part of any business but you need to learn to get your timing right and exercise some patience to minimize on such losses and It is not a must that you need to sell your crypto.

I have loss almost 40% from my money, my question is simple ................. stop or continue?
to be honest, if you want to make profits most of the time and do not have the patience then trading is not for you,STOP!
hero member
Activity: 493
Merit: 504
you are trading emotionally . put your buy orders / sell orders = then close the platform and come back few hours later to see how it goes
full member
Activity: 196
Merit: 100
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?
You have done almost the same mistakes which most newbies do.Even i too did the same thing like you when i entered trading.But don't worry.Even if you have suffered loss,you nhave gained valuable experience which would be helpful for the rest of your trading life.Many have lost even all of their investments.That way,you are lucky little bit.Now don't repeat the same mistake.Do your own research and find the most under valued coin.Invest in it.Also follow the rule "Don't put all eggs in the same basket".Diversify your investment.Invest in two or more good coins so that your loss will be less if coin price drops.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....
I think op's mistake is pretty common for new traders. Once you bought an alt coin, it eould be advisable to just let it be for a while and don't focus on the movement especially if it's just minutes or hours past the time of entry. Beginners would be anxious in seeing the drops in price and they would find a very strong urge to sell, where in fact, it's part of the fluctuations of alt coins.
The issue is that most don’t enter with the mentality of holding for a period of time, they expect that as soon as they buy the coin will skyrocket and make instant wins, but since they don’t have the knowledge to choose a coin in the right moment, and they see the coin is going lower they begin to doubt their judgment they did an by doing that, they are sabotaging themselves.
Same goes when another coin is starting to skyrocket, a beginner often falls for this that even do some sort of cut lose to move their money to this coin but unfortunately, the train is gone, and the result is lost.
Though, when price is skyrocketing even a little bit, some people will feel that if they don't sell their coins right now, they'll lose, it's like, they're having a hard time to make a decision.
full member
Activity: 228
Merit: 100
In trading things we should be able to do is be patient if you trade in a hurry like you do at that time means you are not suitable to do business trade, If you insist on continuing what you are doing now then it will always make a loss and will continue to lose your money so little that only bankruptcy is obtained in the trade.

Yes, in a hurry, it's better not to start trading, because there you can rely only on luck and as a rule in most cases you can only lose all the money. You need to be patient and knowledgeable.
sr. member
Activity: 1876
Merit: 264
In trading things we should be able to do is be patient if you trade in a hurry like you do at that time means you are not suitable to do business trade, If you insist on continuing what you are doing now then it will always make a loss and will continue to lose your money so little that only bankruptcy is obtained in the trade.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Always you should invest 20% of your money in one place.if you did that you can buy again in dip and easilly you can recover your money.And i think you did mistake to sell your Eth.because it will up it is an potential coin.if you hold that coin now you get good profit.now price is. 019 btc?/eth
member
Activity: 111
Merit: 10
Make a Bet, Make a Bit!
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?

you stop. you've already broken all the rules, as you're trading with emotion. Neither Rome nor fortunes were built in a day.

I couldnt agree with this more, the most important aspect of trading is the psychology which lies behind. Due to you losses you'll most likely be trading very aggressively. Many people make the mistake of thinking that they can trade without any market research and learning different techniques to trade. I personally make maybe 3/4 trades per month and I trade only based upon news that I know will have an effect on the price of whichever assett im using.

Be smart, do your research, dont chase trends.
hero member
Activity: 1148
Merit: 528
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 you are buying too high because you don't want to miss out on the action. This is panic buying. Then the price drops and you realize you may have made a mistake so you panic sell for a loss.

You don't need to quit trading. You just have to discipline yourself to buy on dips or price corrections and try to always sell for profit. Just start over and count those losses as lessons learned.
Panic buying ? A new thing I just come to know. When do not want to miss out opportunities we may go for buying earlier even at higher prices that may the situation OP now facing, but I could not find is it right to call this situation as panic buying. We may put this aside, when considering the OP situations, I too will suggest to buy now itself.

Because bitcoin prices are believed to be moving toward $10k price levels. If that speculations are right then hurrying yo buy now itself must be a right option.
Yeah, the terminology of the panic buying is quite new for me as well, as we heard panic selling before and also know and understand the concept of panic selling.

The panic buying may be sort of buying for which you are anxious and can’t wait anymore but want to just go through it in any case or at any price. So, if it is about the Bitcoin then you are right, the prices are going to hit the sky in the future, so better to invest.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....
I think op's mistake is pretty common for new traders. Once you bought an alt coin, it eould be advisable to just let it be for a while and don't focus on the movement especially if it's just minutes or hours past the time of entry. Beginners would be anxious in seeing the drops in price and they would find a very strong urge to sell, where in fact, it's part of the fluctuations of alt coins.
The issue is that most don’t enter with the mentality of holding for a period of time, they expect that as soon as they buy the coin will skyrocket and make instant wins, but since they don’t have the knowledge to choose a coin in the right moment, and they see the coin is going lower they begin to doubt their judgment they did an by doing that, they are sabotaging themselves.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
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?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....
I think op's mistake is pretty common for new traders. Once you bought an alt coin, it eould be advisable to just let it be for a while and don't focus on the movement especially if it's just minutes or hours past the time of entry. Beginners would be anxious in seeing the drops in price and they would find a very strong urge to sell, where in fact, it's part of the fluctuations of alt coins.
sr. member
Activity: 763
Merit: 252
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?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....
sr. member
Activity: 1498
Merit: 359
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 prefer to you to stop trading now. You must study again the flow of the trading for you to not loss again. 40% is a big loss I know you regret the trading. We all know that in trading there is a big profit that waiting to us but there is also a high risk.
hero member
Activity: 2646
Merit: 548
DGbet.fun - Crypto Sportsbook
Wrong choice of buying. You buy an altcoin that's already pumped. Then the price drops suddenly. That's a bad move. Jumping on peak is very dangerous because we don't know how far the rally will go. Is it still gonna pump more or not? Also you panic too quickly. Sometimes the candle will fall hard and then pump really high. You must have patience.
This is why it is very important to choose the moment to start trading, it is better to enter when the market is not moving much that, than to enter the market when it is pumping or dumping hard, because this is precisely what it may happen, suddenly you see the price is getting a lot lower and then you panic and sell for a loss, it would have been better to just wait until the storm passed and then to start trading.
As stated a good market research is a must prior to the entry. This helps you stay active in trading in a phenomenal way even when the market is not that good to profit. Also there needs to be a backing system to minimize the loss, else the dumping on the coin selected will end up the trading and loss big. If experiencing a loss one quits, then he never learns all about trading and never profits.
sr. member
Activity: 672
Merit: 250
i don't say stop. you follow alt coin and her ico price. all coin increase or decrease you don't buy increase time cause at a time decrease it you need wait for buy.
newbie
Activity: 98
Merit: 0
Wrong choice of buying. You buy an altcoin that's already pumped. Then the price drops suddenly. That's a bad move. Jumping on peak is very dangerous because we don't know how far the rally will go. Is it still gonna pump more or not? Also you panic too quickly. Sometimes the candle will fall hard and then pump really high. You must have patience.
This is why it is very important to choose the moment to start trading, it is better to enter when the market is not moving much that, than to enter the market when it is pumping or dumping hard, because this is precisely what it may happen, suddenly you see the price is getting a lot lower and then you panic and sell for a loss, it would have been better to just wait until the storm passed and then to start trading.

Please keep track of all your trades. This is a very hard and annoying task, but it can be done. I keep track of every trade, including transfer fees, trading fees, banking fees, whatever it is. You will learn to follow everything and be able to make it profitable.

Like quoted above, watch when the market is flat or in a loss area. All coins move and it's never a good idea to buy when they are rising unless it's booming and then it's hard to tell when it'll stop. I always buy top 50 coins when they are in the negative, wait a few days and see if they rise. Sometimes it works, sometimes I sit on the coin for a few more days.

It'll work out for you, just keep researching and trading. Don't sell for a loss.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Wrong choice of buying. You buy an altcoin that's already pumped. Then the price drops suddenly. That's a bad move. Jumping on peak is very dangerous because we don't know how far the rally will go. Is it still gonna pump more or not? Also you panic too quickly. Sometimes the candle will fall hard and then pump really high. You must have patience.
This is why it is very important to choose the moment to start trading, it is better to enter when the market is not moving that much, than to enter the market when it is pumping or dumping hard, because this is precisely what it may happen, suddenly you see the price is getting a lot lower and then you panic and sell for a loss, it would have been better to just wait until the storm passed and then to start trading.
legendary
Activity: 1386
Merit: 1058
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?
Don't stop yet, you only lose a little amount but make that as your learning experience, identify where part you did wrong and improve it. It's normal to lose and profit in trading, I have plenty of those experience and it never came into my mind to quit for good, I am challenge that's why I am doing well now.
But before continuing he must go for learning advanced skills of trading requirements. Because going again without preparations might lead to another disasters. When a trader continuously facing losses it is always recommended to stop for time being and must work on strategy building so that they will not repeat same mistakes. Taking a break is always good.

That break must be spent for improving trading skills. Some people may go for learning new things among losses but not stopping their trades, that must be not a good idea in my opinion.
newbie
Activity: 98
Merit: 0
you never tried if you quit,there is something you need to bear in your mind  when trading,meaning don't sell when you are at a loss,if your btc are exhausted on altcoin and you are at loss,don't be in hurry to buy others buy selling at a loss,leave the trade as some coins will bounce back and make you some profit,I started with 96dollars and I loss it to 73dollar ,I added another 135dollar after learning from my past mistakes of buying high but today my portfollo is almost 400 dollars in less than 3 months,patient is the key

It's always better to trade in small amounts till you get the hang of it.

As said before, 40% down is a lot no matter what the amount you start at, but keep your head up. Learn to HODL and keep going at it.

Look into other altcoins other than ETC & BTC unless you are going to keep those for long term investments. It sounds like you're day trading and those are never good to day trade
member
Activity: 69
Merit: 10
Take the rest of the month off and clear your head. It'll help.
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