Pages:
Author

Topic: Loss almost 40%, should stop trading or not ? - page 8. (Read 32596 times)

full member
Activity: 238
Merit: 100
You should start accepting that it's part of trading because if not then you really need to stop because there will be a lot more loss before you can finally make winning trades. In my opinion, you should at least try it again because crypto trading is still the best earning platform out there.
jr. member
Activity: 54
Merit: 10
I lost 80% my balance for 2 weeks ago. And now it's just 60% lost. Do whatever you want and feel happy with it. Trading is a game, win or lose based on your luck. Just my thought.
newbie
Activity: 28
Merit: 0
there are days when you just have to stop making clicks. It happened to me as well last time when I just lost $5000 just continuing on and on in order to make up the loss.
member
Activity: 243
Merit: 10
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 should continue that for trading 40% is a big mistake for your coin wallet but its not a reason for quiting alone.that's a part of trading.so keep on going to trade because you have 60% left.you can get your lose 40% if lucky in trading.it need knowledgeable and be wisely. Trading so risky.
full member
Activity: 441
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
stop.. you hae to chill and become relaxed to starv once again or else you gonna lose more than what you shed now. be patience and make your misplaced as the encounter on subsequent invesment.t
I agree with you that you should stop to trade the coin. because there are still many other altcoin that can provide benefits.
do not give up with failure.
full member
Activity: 420
Merit: 136
You shouldn't stop if it is something you enjoy. You should instead just learn more about it first, then trade.
How would you be able to enjoy while you have losing 40% from your balance? doesn't make any sense. After this big losing, i think OP is too afraid to trade again

Well some see trading similarly to playing poker or roulette, they do not necessarily intend to profit because they enjoy the time that they spend, for them it is no different than going to the movies for example. This is all well and good however but only if the OP is risking money they can afford to lose, if they are not then they should stop trading before they do harm to their life and wellbeing.
hero member
Activity: 742
Merit: 505
You shouldn't stop if it is something you enjoy. You should instead just learn more about it first, then trade.
How would you be able to enjoy while you have losing 40% from your balance? doesn't make any sense. After this big losing, i think OP is too afraid to trade again
newbie
Activity: 44
Merit: 0
No, don't stop. It happens to a lot of traders and not just you OP. The best thing you can do is stand up from your fall and keep on fighting. You don't give up! There is always a chance you can get big in trading, all you need to do is keep on trying and improving your skills.
sr. member
Activity: 1036
Merit: 281
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 depends on you if you will continue trading or not! I am sure that you can overcome all of your loss in the trading if you always hardworking. You can become a successful trader if you will focus in the trading world.
full member
Activity: 1036
Merit: 109
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 should be more patient when it comes to trading. You'll lose a lot if you keep trading at a low price. You need to look at the bigger picture. Back then, there was a time when I held on my Etherium for 3 months because it's value was not really stable. I hoped and waited for what's gonna happen. After, 3 months I achieved the price that I wanted.
member
Activity: 62
Merit: 10
You shouldn't stop if it is something you enjoy. You should instead just learn more about it first, then trade.
sr. member
Activity: 448
Merit: 281
not with the 1 failure you get makes you desperate. at least make your failure as a lesson and experience for the future. trading always has risks, so you should be smarter again if you want to continue your trading.
This actually end up with all those who can’t control their emotions. While trading there are some facts that need to be digested before you start trading. The foremost and most stunningampthey is, “There are profits and losses and risks are attached in either case”. You should be easy with all this risky stuff because business is nothing without taking less risky options. Good luck!
sr. member
Activity: 2030
Merit: 356
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?

me i lost 70% of my earnings because of bad decision in trading.. but im not losing hope still. i know i can get it back.. try and try until you succeed.. you lose when you give up.. so never give up.. success is in front of you Smiley
You should stop trading .You're doing totally wrong crypto currencies not work like this. Its not easy to deal with these coins a lot of time and knowledge required to work with it. Bitcoin and other alt-coin never works with your emotion. I think you learn a lot from it a man learn from his mistake you can start again only if you understand trading. NEVER SELL YOUR COINS AT A LOWER PRICE YOU BOUGHT THEM
member
Activity: 200
Merit: 10
Macho Gwapito ako!
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?

me i lost 70% of my earnings because of bad decision in trading.. but im not losing hope still. i know i can get it back.. try and try until you succeed.. you lose when you give up.. so never give up.. success is in front of you Smiley
member
Activity: 242
Merit: 10
for me my  advice is Dont go with your emotion Calculate the instance and have more patience Its like a game try to be more strategic Dont stop trading, Its normal to lose but learn from the things that you already experienced and make sure you wont do it again in agian .
full member
Activity: 434
Merit: 117
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?
No! It is a bad idea! do not stop trading! I can say that it is part of being trader when you lose some of your money. Your mistakes can increase your knowledge about trading. Continue the trading for you to become rich.
full member
Activity: 420
Merit: 102
I think you should be stop a few month, then learn your mistake . Then just make investment in strong fundamental coin like BTC, ETH, DASH, WAVES . By hold good coin will be more profitable than altcoin trading and less risk. But for the altcoin use pair with USDT and dont use pair with BTC because the price of BTC strong uptrend. And if you feel  have better strategy and better trading plan, you can continue to trading but use only 10% from your fund to reduce the risk.
hero member
Activity: 742
Merit: 505
It is not good to stop loss in bitcoin trade. Because for as we all know bitcoin will boom always, so why you are stop losing your trade?

Well, let me tell you a good strategy on this one, you should go condensing your portfolio in order for your loss will stay low.
OP wasn't doing bitcoin trade. But he did ETH trade and some altcoins, unfortunatelly for him price of the altcoins he traded are falling.
He did managed his portofolio by divide his money to some altcoins, but still, he wasn't lucky
newbie
Activity: 5
Merit: 0
I guess everyone has problems at the start,you just should learn !
sr. member
Activity: 448
Merit: 250
I think you should be stop a few day then learn and review your mistake in trading. After find it, learn and review it then you can continue trading with new strategy and new risk management. My opinion your mistake is not use stop loss, before trading should be decide the amount of stop loss and take profit, for example stop loss 15% and take profit 25% and also use daily chart so more accurate to decide when buying and selling.
Or even he didnt tend to put stoploss after all and i do presume that he did make a panic sell when he saw that prices are already dropping. Lossing 40% is serious loss which we would really panic if we saw our capital is slowly depleting and times that we wont know already on what we gonna do. As being suggested have a break and analyse your mistakes and see where you did make a wrong decision to commit such loss. Any mistakes should really be learned off later on and we should expect losses to since theres no perfect trader on this world.

I had loss almost 50% income and I  didn't stop because I know that the problem is within me an not with trading. I was just enjoying  earning bitcoin but I thought of trying out new things so I entered altcoin and trading.  Being a newbie trader I also made a mistake of panic  selling when I saw that the price is dropping and that was when I loss a huge profit.  But that didn't stop me from trading,  what I did is I accepted my failure and treat it as a learning experience.

You could also do the same thing. After all,  the market price of bitcoin is on pump again. 
Pages:
Jump to: