Topic: Loss almost 40%, should stop trading or not ? - page 40. (Read 32603 times)
Just stop. you need to more trading experience. it sounds like you are new to this. trading is a skill that can only be developed with practice and time. you wont do yourself any favors if you continue to trade. go make a practice account and PRACTICE trading before you come back with real money.
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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 if you make mistake with the wrong price, you can buy at the lower price and not selling the first one. you can hold it the first one and waiting the price is back to high. you can do with other coins and don't panic if the price is getting down, just believe that the price will be back like before and reach more high price.
contrary to what everyone else is saying, I think you should stop trading. if you are losing that much of your account, it shows that your trading skill is not sufficient enough to make money in this market. Dont quit trading though. Just dont trade with real btc. use a practice account and develop your skills before you come back, otherwise you will just keep losing money.
The anwers is no. don't stop and start again buy low sell make a short term investment. if you know you have profit in that coins sell it quickly buy again low altcoins and wait for the pump. do not listened to the people in chatbox sometime people pushing you to buy coins .
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.
Yes sir, I agree with you. My emotion control my mind there's something wrong with that. When I try with demo account is so smooth, but real account is very - very different situation. From now I start to relax and control my emotion before doing the same mistake. This is a sad experience for me but I must continue to become a better trader. Have a nice a day.
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?
Your the one who can only answer your own question. Because being traders we knew all that losses of money its just a normal things happento us, so If you know the true meaning of it you know what you are going to do.
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?
Hmm, I am confident that you are just trading. For those who are professionals when trading and get the defeat, the main thing they think of is evaluation. If they've done the evaluation then the next step is to program trading back with calculations that are better than ever. So you would be much better to evaluate and fix it as soon as possible after that, so that you can continue trading and also continue to get lots of advantages
Continue, I believe you choose to buy a good altcoin for the future, if my advice asks you to supply again when the price goes back down
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?
Take a rest and come back in trading when the charts will become green (today they started being green) after a long time of red when most of the altcoins were crashing because of the bitcoin price.
But when the bitcoin price now has been dropped the exchange rate has been increased in most of the altcoins seen in big exchanges.
I think to wait a little bit more and then start again because buying high and selling low is very risky and we never know if we bought at high or low price.
If you look at current bitcoin price will require consideration to buy it because maybe bitcoin price is feared to drop suddenly which will certainly be a loss. And it seems a little more patient and waiting for right time and a stable price to make a bitcoin purchase transaction
Stop for the day. Traders who are expecting fast results would never be successful in their run as traders. Also, those lrices that you mentioned are the top. Should have observed more before initiating those trades. Analyze the market before making decisions. Was a costly lesson, but still a lesson learned.
The basic thing which a trader should have is Patience. So you should stop for the day or until you understand the system. Emotions is the one thing which you have to leave and get on with trading. Dont think that 40% is a loss, you got a good experience and use it from now.
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?
Take a rest and come back in trading when the charts will become green (today they started being green) after a long time of red when most of the altcoins were crashing because of the bitcoin price.
But when the bitcoin price now has been dropped the exchange rate has been increased in most of the altcoins seen in big exchanges.
I think to wait a little bit more and then start again because buying high and selling low is very risky and we never know if we bought at high or low price.
Buy on the dip. People who bought on the last high doubled their money last week. No end in sight.
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?
Dude, you suck donkey balls at trading, Ethereum at 0.078 and 0.08 24H high.
You should play with a very small amount like $200 or so, and read a lot, learn a lot, you ain't gonna get rich over night, there's a lot to learn to succeed, you just learned an expensive lesson, don't forget it.
You bought high and sold low. That's the opposite of what you should do. This is why you should only invest in altcoins that you truly believe in so if they drop you just HODL until they're back up to where you brought them at or higher. It doesn't sound like you actually believe in your investments so I'd stop. Ripple and eth are both centralized shitcoins anyways. It's for the best.
Except that's trading with hope, the worst emotion in trading. I agree with above; OP doesn't know what he's doing and shouldn't be trading--for his own sake. If he keeps this up, he's going to keep failing. Not everyone is cut out to be a trader and if you're making stupid mistakes like this...yeah. 
Stop for the day. Traders who are expecting fast results would never be successful in their run as traders. Also, those lrices that you mentioned are the top. Should have observed more before initiating those trades. Analyze the market before making decisions. Was a costly lesson, but still a lesson learned.
The basic thing which a trader should have is Patience. So you should stop for the day or until you understand the system. Emotions is the one thing which you have to leave and get on with trading. Dont think that 40% is a loss, you got a good experience and use it from now.
Stop for the day. Traders who are expecting fast results would never be successful in their run as traders. Also, those lrices that you mentioned are the top. Should have observed more before initiating those trades. Analyze the market before making decisions. Was a costly lesson, but still a lesson learned.
Take it as a fee that you paid to the market to learn trading. Take valuable lessons out of it and don't repeat the same mistakes.
It's not a loss, it's an investment if you think about it this way.
experience is the best teacher as said by an English teacher. You should look at this 40% losses as fee you actually paid to the market for what you have learned. We can not actually continously make profit as a trader even professional loss in trading time to time. Your not quitting after heavy loss is what makes you a professional trader. It's not a loss, it's an investment if you think about it this way.
Take it as a fee that you paid to the market to learn trading. Take valuable lessons out of it and don't repeat the same mistakes.
It's not a loss, it's an investment if you think about it this way.
It's not a loss, it's an investment if you think about it this way.
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?
It is sad to say the least, but if you are contemplating to quit trading on account of then the whole lot of traders philosophy was never in you. A smart trader would rather see a picture that 40% of his money is tied up somewhere, then step backwards to unravel his mistakes or in actions and learn from them, that is the story of all successful traders. Trading is an art and needs to be learnt and it is unfortunate so many people/traders out here are of the opinion that with crypto-trading - no studies or analysis is needed. I know they will come to see vividly some day that a trader just can't buy or sell at any market price and not having some trading plan or strategy is an open invitation to go burst.
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