Topic: Loss almost 40%, should stop trading or not ? - page 41. (Read 32596 times)
You should stop being panic rather than stopping trading completely. I have also bought some XRP when it was pumping and currently in huge loss but I am quite sure price will again pump hard so that I can sell my XRP in some profit rather than current 50% loss.
Its also one of the experience before you become a pro because if you didn't experience to lose in trading we can not call you a pro trader.. its a part of the trading experience.. so i think to learn how to make a profit with your money in trading you should continue and you should be patience in order to make a good profit..
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?
loses is part of learning on how to become a professional trader. Don't quite yet as doing that will not allow you to benefit from the lesson you have learned from this loss of 40%. You need to have this in mind as trading is buy at wholesale price and sell at retail price. Crypto currencies trading is not different from normal sell and buying. 
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?
Buying at the top is never a good idea. Many people will always get caught in bull traps, the fatlct that you sold after the dump puts you in a bad position in terms of recouping losses. Best hope would be a rally in bitcoin's price once again but that seems a bit unlikely in terms of the market's momentum at the moment.
the decission would belong to you because only you could suffer this losses from your trading activities but you had make bad decission with buying the coin when it was pumped and sell immediately because you will fear huge losses but if i to be like you i would continue my trade activities and still curious to recover my losses and better do not trade with emotion because it will ruin your trading results
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?
The answer is simple too, what's done is done. You've stopped already and sold all of them because you couldn't wait or you lost all your patience and probably got scared and panicked.
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?
stop what? you weren't actually trading before, you were gambling.
you should now start trading instead.
there are certain simple strategies to follow or keep in mind:
1- never buy into the pump:
when price of an altcoin has gone up too much too fast, that should be a red flag for you not to buy it anymore. but if you decided to buy, keep an open eye, keep rule #2 in mind, and sell fast with the rise to make profit and get out quick
2- stop loss is your friend:
you can do this with some automation like using the feature the exchanges offer you or use a bot. or even do it manually. it means have a negative percentage in mind that you sell no matter what. in altcoins it can be -5 to -10% drop and you dump and get out. i usually do it at -1% and my profit targets are usually 5% to 15% that means safe profit and always successful trading.
3- never fall for a hype in altcoins:
know that altcoins are mostly pump and dump and for that people will hype them up with lies. and the bigger the altcoin the bigger and more spread the lies. so just get your profit and get out fast. and only invest in bitcoin for long term.
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.
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.
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.
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?
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