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 to change your attitude while trading,first lesson is not to jump into anything when the rally is at the top,wait for a correction and grab the coin and if you have showed some patience you could have earned a good profit in ETH today as i rallied to 0.09 btc,never plan on disposing everything because you did not find any movement and as for ripple is concerned not a lot of goods news is coming from them,you could have hold your positions or sell off at the maximum amount it could get.
Topic: Loss almost 40%, should stop trading or not ? - page 39. (Read 32551 times)
I think you need to be more patience in trading, alt coin trade need a lot of patience and good analysis skill, because alt coin is not too popular so the transaction flow is not too big so sometimes it can drop really fast
I will suggest you to continue to trade make this as a lesson and then trade again, trading is a very profitable if you already know how to trade, and now is a great time to trade because there are a lot of pump and dump
I will suggest you to continue to trade make this as a lesson and then trade again, trading is a very profitable if you already know how to trade, and now is a great time to trade because there are a lot of pump and dump
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?
Retrospectively speaking you should have held onto at least your ethereum as the price absolutely blasted off to the moon over the past few days. Would have been a shame if you sold that too early. But shit happens, nothing you can do about it. It's best not to be too greedy and try to make back the loss if you did sell it early.
What i usually do is reserve 40%of my trading capital in case it a coin crashes. Then until it stops crashing I'll gradually buy in more and more bringing the average purchase price down.
All kind of traders get a loss so there is nothing new about that loss that you got. As i trader i lose around 90% of my previous capital because of the wrong investment that i tried on an altcoin because i didn't read and do research about it so i end up investing in shit coin but now i learned the lesson and i didn't experience too much loss after that scenario. See? Make your losses as a lesson and you will become better.
You should stop trading. It seems like you do not meet the skill requirement to make money in this market. Dont give up though, you should first practice your skills with demo accounts and then move up from there. Trading is a skill that requires patience and time to develop. Good luck.
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?
There is no need to panic due to the price drop. I too did the same earlier where I sold my BTC and altcoins for a price lesser than what I had bought them for and in the end, I suffered a huge loss of about $40. Bitcoins have a large market and hence if the price even dips by 40-50%, it can still recover. There have been people who had bought bitcoins at about $1300 in 2014 and they waited for almost 2.5 years to recover their money which was worth for them. Trading in bitcoins is not like trading in forex where we have to suffer a loss. We have an option to WAIT.
Really sad news it happens. Don't worry if this helps you I lost 100% of LTC year ago. It was around 800$.
It is sad to lose but humans don't value when win only when lose.
I hope you get back on the track and press the pedal to the metal.
It is sad to lose but humans don't value when win only when lose.
I hope you get back on the track and press the pedal to the metal.
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?
If you are consistently losing a lot of money then you need to stop. Go back to the drawing table and try to learn more. Figure out what you were doing wrong. Practice paper trading. You can do that here: www.demoinvestor.com. Try something like this out for a few months and see if you can consistently profit. Once you can, then give it another shot with real money. However, be sure to treat demo trading as seriously as you do real trading.
Stop at first glance dude. You have gone far away from this thing. First things first, no emotions in trading and second rule is NEVER LOOSE PATIENCE.
You have not followed anything while trading this stuff. Thing is very simple you have to create a strategy first and then start trading with caution. The first thing is know yourself where you have to stop. Also how much you have to invest!!
You have not followed anything while trading this stuff. Thing is very simple you have to create a strategy first and then start trading with caution. The first thing is know yourself where you have to stop. Also how much you have to invest!!
You just fall in panic. That's not a good behaviour. Trading needs a lot of patience in able to succeed on it. You can't just panic sell. Sometimes altcoins takes time to pump. I guess altcoin trading is not for you because you only want quick profit. Altcoin trading is just like an investment. The longer you wait. The better the return.
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,
Did you trade for first time in your life? If so, this should be your first lessen. IMO XRP was very bad choice to buy because you bought it in bubble. And as I can see eth price is 0.09BTC at the moment, so you will need more patience when trading.my question is simple ................. stop or continue?
To be honest that is decision you will have to make yourself and only you can decide what is best to do. IMO you should continue and be smarter next time.
Even if I lost 4O% I should not stop,there is time for everything.Maybe I did not succeed on the first start but there's a middle and last chance for me to succeed,as they say"try and try until you succeed".
I believe on that saying,i will not surrender until my last breathe,until I did not reach my goal.
I believe on that saying,i will not surrender until my last breathe,until I did not reach my goal.
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 to change your attitude while trading,first lesson is not to jump into anything when the rally is at the top,wait for a correction and grab the coin and if you have showed some patience you could have earned a good profit in ETH today as i rallied to 0.09 btc,never plan on disposing everything because you did not find any movement and as for ripple is concerned not a lot of goods news is coming from them,you could have hold your positions or sell off at the maximum amount it could get.legendary
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you should invest atlest 20% of you base money. when you loss 40% then you should buy the coin again in low price.. when it will pump 20% from your second buying sold all your coin.thus you could recover 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?
Can you see the latest chart of all of your portfolios? Can you take a conclusion about that? The first if you are an impatient person, Because you get stuck on 0.082 for your ethereum, and you are feeling panic and the result was sold all of your ethereum at the lower price.
The second you must try to learn more to control your emotion. I'll bet if you're feeling panic at the dump or correction for the market has happened.
Try to look at yourself, dude. Try to learn more about how it works.
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 can say you are impatience person. If you still hold your ETH, you already ended with some profit now because it's around 0.09/ETH.I have no idea with XRP, when it reached the peak at 24k sats, and after bitcoin price falling down, XRP always stay on 9k-10k sats (You also could hold your XRP before maybe the price could increase again in the future)
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 to change your attitude while trading,first lesson is not to jump into anything when the rally is at the top,wait for a correction and grab the coin and if you have showed some patience you could have earned a good profit in ETH today as i rallied to 0.09 btc,never plan on disposing everything because you did not find any movement and as for ripple is concerned not a lot of goods news is coming from them,you could have hold your positions or sell off at the maximum amount it could get. 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?
Definitely stop, 99% of people will make losses trading. You are much better off going for a coin you believe in and holding on to it long term or until you think its lived out its usefulness.
Dont sell it.
If you want to stop so younhave to rest, walk to some place and comeback.
Push back harder if you can make it.
By the way, I push a coin and I use almost 80 btc and it is falling, I really didnt understand but I leave it and comeback. It seems it will be on my side now. The coin can not stay low, you have to note it that the coin can not stay low,...
There is no way that the coin always low,
even a whale avoid it. Trust me.
If you can not push it higher so the best way is to calm, walk to some place and pary if you can.
I like teading, lets make thing higher but not buble. If cypto is higher it will attract more people and real life/usage.
If it is not bubble it will find the right price and perhaps it will meet the best price and not so volatile.
If you want to stop so younhave to rest, walk to some place and comeback.
Push back harder if you can make it.
By the way, I push a coin and I use almost 80 btc and it is falling, I really didnt understand but I leave it and comeback. It seems it will be on my side now. The coin can not stay low, you have to note it that the coin can not stay low,...
There is no way that the coin always low,
even a whale avoid it. Trust me.
If you can not push it higher so the best way is to calm, walk to some place and pary if you can.
I like teading, lets make thing higher but not buble. If cypto is higher it will attract more people and real life/usage.
If it is not bubble it will find the right price and perhaps it will meet the best price and not so volatile.
Trading is risky. I agree that you have to know your capacity (to invest) in trading.
If you have secured/safe money to play then it is better to put it for trading.
Whenever the price is droping, it is the risk, there is an up so there is a down side.
From there is an up and there is a down,... you know that the price is impossible to be always at low price. How the whale make money?
The price should rise sometime (or most of the time) so the product/token can be traded and some margin/benefit is made.
I know there is also an option for short,... but short(ing) is not a best way, the best way is to have an up and a down.
Well I don't believe trading is something for you judging by your decision making. However you should not give up like that because I believe a lot of traders have been in your situation. For now you should stick to coins like ETH, LTC and possibly ETC. Another key rule is: 'You only lose if you sell' so holdddd! If you had held your ETH you would be in profit today.
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