Never sell for a loss - is a Myth !!

blockman

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Quote from: SaveOurSea on October 14, 2022, 04:51:43 AM

will never sell coins when it's bearish season of course it's an action that should not be act,

It's okay to sell if you're trying to cut your losses and you believe that there's going to be more if you don't cut those losses you're incurring.

Quote from: SaveOurSea on October 14, 2022, 04:51:43 AM

because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

And that's why stop loss is important, selling at losses like 10% is a good cut before you go to the worst just like what you have right now. You don't have to hold for so long if you've got no plans of holding it for long term.
But if you have that faith on that coin you're holding and have long term plans on it, then just deal with the losses that you currently have.

usekevin

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Trading made huge difference in the patience of people mind set.Even a Calm person loss his patience towards the trading at the beginning level.Only he should do that at his beginning level.Later he need to do some good tactics to over the panic selling.He should read about the project and build the good way of project on his mind.Then he need to keep the money for long term to get the good investment in the trading of crypto currency.Crypto currency made the more millionaires,who keep the bitcoin at the dump for more than few years.

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Quote from: GatotKaca on October 14, 2022, 11:12:10 PM

Quote from: SaveOurSea on October 14, 2022, 04:51:43 AM

will never sell coins when it's bearish season of course it's an action that should not be act,
because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

it depends on the consideration of the assets you have. Before you define an asset, you should of course have some targets for profit and loss. it will keep you safe from big losses like yours.

If you are holding potential assets, holding for better returns, I don't think it will be a big problem. although it will take quite some time. you just need to re-invest with your other assets.

but some cases like you experienced, are usually related to altcoins which are not so good in the long run.

Such situations are often carried out by traders who are indeed wrong in making plans.
I wouldn't say they don't have enough trading skills. but most of them have not mastered market analysis. that's what makes mistakes in trading and investing planning.

Such a big loss, most likely happened when he bought the wrong asset while in the pump. hoping that the pump will continue, but it turns out that the decline is happening.
tried to hold assets for recovery, but in reality, the plans were not working properly. what is done is not wrong, some trading strategies like that are done a lot. only, in its implementation will certainly require more experience.

GatotKaca

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Quote from: SaveOurSea on October 14, 2022, 04:51:43 AM

will never sell coins when it's bearish season of course it's an action that should not be act,
because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

it depends on the consideration of the assets you have. Before you define an asset, you should of course have some targets for profit and loss. it will keep you safe from big losses like yours.

If you are holding potential assets, holding for better returns, I don't think it will be a big problem. although it will take quite some time. you just need to re-invest with your other assets.

but some cases like you experienced, are usually related to altcoins which are not so good in the long run.

rojan

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Quote from: SaveOurSea on October 14, 2022, 04:51:43 AM

will never sell coins when it's bearish season of course it's an action that should not be act,
because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

I think if we invest in any coins or sell them we have to see if we have profit or loss on the coins we bought. But now I think it is better not to invest in any currency. Better for you if you want to invest for long term. Short term investment will result in loss. So understand us well and invest later.

SaveOurSea

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will never sell coins when it's bearish season of course it's an action that should not be act,
because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.

dunfida

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Quote from: Chainsmokers on October 13, 2022, 01:05:11 PM

Quote from: NicNacCoin on October 10, 2022, 07:56:55 PM

Quote from: GeorgeJohn on October 10, 2022, 07:07:47 PM

Quote from: pawanjain on December 04, 2021, 08:23:16 AM

I have heard many people say that never sell for a loss but what does it actually mean ?

From my perspective i think they actually mean that they always be curious of the market speculation and it doesn't trigger them or moved them to sell when the price of cryptocurrency is in danger or when theirs an information speculating that the price of Bitcoin is about to fall, so those ones who panic during falling of cryptocurrency are the one who get lost in the market, so in nutshell, don't be afraid of the downfall of cryptocurrency.

Yes of course they are the only losers from this crypto trading platform they second guess themselves and think the market is over.The dumping of the market can never be broken. Those who see the dubbing condition in the market are the ones who collapse but lose their entire money and at one point they drop out of the crypto trading platform.

don't blame people who really don't buy and sell when prices are high, I'm sure 90% of crypto traders do the same,
because the crypto market is very volatile and makes traders experience things like that, it's part of the nature of what the market is made of,
iam too experienced it, I bought bitcoin at a price of $ 40k and until now I still hold.

You wouldnt lose anything as long you dont sell just like the rest been saying or simply just a common sense thing to do but there are instances which you would need to close a particular position just because you do like

to open up a new one which you do believe a lower price or bottom price for you to consider on making profits once it do make out some recovery.Not all people could afford on having that DCA type of strategy and this is why whenever they do experience up some negative or complete losses then it would really be that normal that you would be trying other ways for you to
recover at least and this is the most common action for someone to take.

Chainsmokers

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Quote from: NicNacCoin on October 10, 2022, 07:56:55 PM

Quote from: GeorgeJohn on October 10, 2022, 07:07:47 PM

Quote from: pawanjain on December 04, 2021, 08:23:16 AM

I have heard many people say that never sell for a loss but what does it actually mean ?

From my perspective i think they actually mean that they always be curious of the market speculation and it doesn't trigger them or moved them to sell when the price of cryptocurrency is in danger or when theirs an information speculating that the price of Bitcoin is about to fall, so those ones who panic during falling of cryptocurrency are the one who get lost in the market, so in nutshell, don't be afraid of the downfall of cryptocurrency.

Yes of course they are the only losers from this crypto trading platform they second guess themselves and think the market is over.The dumping of the market can never be broken. Those who see the dubbing condition in the market are the ones who collapse but lose their entire money and at one point they drop out of the crypto trading platform.

don't blame people who really don't buy and sell when prices are high, I'm sure 90% of crypto traders do the same,
because the crypto market is very volatile and makes traders experience things like that, it's part of the nature of what the market is made of,
iam too experienced it, I bought bitcoin at a price of $ 40k and until now I still hold.

lixer

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People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

No other people do the act, only them so it was their own wish because if they didn't then they will never sell their coins no matter what happens or no matter what are the conditions of the market. There are people who work depending on the situation like they can hodl longer or can sell early but trading was never meant to be situational.

In trading, one must buy and sell continuously no matter what are the circumstances are. That is they can sell even at a loss to be able to buy again at lows because they know that they can they can still recover it or they can also switch up on other cryptos. Never sell for a loss is not a myth but it's a fact for some of us.

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Quote from: GeorgeJohn on October 10, 2022, 07:07:47 PM

Quote from: pawanjain on December 04, 2021, 08:23:16 AM

I have heard many people say that never sell for a loss but what does it actually mean ?

From my perspective i think they actually mean that they always be curious of the market speculation and it doesn't trigger them or moved them to sell when the price of cryptocurrency is in danger or when theirs an information speculating that the price of Bitcoin is about to fall, so those ones who panic during falling of cryptocurrency are the one who get lost in the market, so in nutshell, don't be afraid of the downfall of cryptocurrency.

Yes of course they are the only losers from this crypto trading platform they second guess themselves and think the market is over.The dumping of the market can never be broken. Those who see the dubbing condition in the market are the ones who collapse but lose their entire money and at one point they drop out of the crypto trading platform.

GeorgeJohn

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Quote from: pawanjain on December 04, 2021, 08:23:16 AM

I have heard many people say that never sell for a loss but what does it actually mean ?

From my perspective i think they actually mean that they always be curious of the market speculation and it doesn't trigger them or moved them to sell when the price of cryptocurrency is in danger or when theirs an information speculating that the price of Bitcoin is about to fall, so those ones who panic during falling of cryptocurrency are the one who get lost in the market, so in nutshell, don't be afraid of the downfall of cryptocurrency.

Slow death

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Quote from: Lanatsa on October 10, 2022, 04:58:55 PM

Quote from: Strongkored on October 09, 2022, 11:13:21 PM

Quote from: ?? on ??

People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

Yes you are right. No one wants to ever lose. Everyone wants to be profitable all the time but there is no such thing as profit all the time. Some time there will be profit and some time there will be loss. But I think it will be good for those who can accept both the profit and loss.

You will not lose if you are holding Bitcoin unless you are a day trader who always depends on daily profit or short term profit, but everything will be quite the opposite if it is done with altcoins believing that the price will recover again is a myth.
Being able to accept losses or gains in trading is not easy, especially if we are not mature traders and think that losses are not part of trading.

You wouldnt loss nothing if you wont sell considering that it could really be on negative but doesnt mean that those are realized losses.Its true that as long you arent selling then it wont be completely considered

as one.This is the importance on realizing and knowing on what kind of trading or investment you would be making whether going for short term or long term.We know that there are two types of traders

which you had said about daytraders and long term ones.If you do saw that you are in negative, then why would consider on selling out? You are just basically doing
a dumb decision since its read.You should be selling on greens no matter how long it would be taking.

golden rule: nothing guarantees that the price will go up. with this I can give an example of Litcoin, see that Litecoin had its ATH above 380$ when the price of bitcoin was 20,000$, then both bitcoin and LTC dropped a lot, years passed and the price of bitcoin went up again point to reach 67000$ but the price of litecoin has not risen more than 350$ and now ask yourself:

those people who bought litecoin at 390$ and refused to sell because they think they can't sell because one day the price will go back to 390$ are they happy today? would you believe that litcoin can get back to your ATH

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Quote from: Strongkored on October 09, 2022, 11:13:21 PM

Quote from: ?? on ??

People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

Yes you are right. No one wants to ever lose. Everyone wants to be profitable all the time but there is no such thing as profit all the time. Some time there will be profit and some time there will be loss. But I think it will be good for those who can accept both the profit and loss.

You will not lose if you are holding Bitcoin unless you are a day trader who always depends on daily profit or short term profit, but everything will be quite the opposite if it is done with altcoins believing that the price will recover again is a myth.
Being able to accept losses or gains in trading is not easy, especially if we are not mature traders and think that losses are not part of trading.

You wouldnt loss nothing if you wont sell considering that it could really be on negative but doesnt mean that those are realized losses.Its true that as long you arent selling then it wont be completely considered

as one.This is the importance on realizing and knowing on what kind of trading or investment you would be making whether going for short term or long term.We know that there are two types of traders

which you had said about daytraders and long term ones.If you do saw that you are in negative, then why would consider on selling out? You are just basically doing
a dumb decision since its read.You should be selling on greens no matter how long it would be taking.

Strongkored

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Quote from: ?? on ??

People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

Yes you are right. No one wants to ever lose. Everyone wants to be profitable all the time but there is no such thing as profit all the time. Some time there will be profit and some time there will be loss. But I think it will be good for those who can accept both the profit and loss.

You will not lose if you are holding Bitcoin unless you are a day trader who always depends on daily profit or short term profit, but everything will be quite the opposite if it is done with altcoins believing that the price will recover again is a myth.
Being able to accept losses or gains in trading is not easy, especially if we are not mature traders and think that losses are not part of trading.

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Quote from: lalabotax on October 09, 2022, 05:53:29 PM

Quote from: ?? on ??

People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

Of course, no people want to sell for a loss. People sell their assets mostly because they need money for urgent needs. If they don't urgently for money, they will continue to hold, especially during this bearish season. I believe if they can have alternative ways, ideally they don't want to sell their coins. You are right, no one expects a loss, it is something impossible. Based on my experience, commonly urgent needs that force people to sell the coins in hurry.

they also sell assets to avoid more big drop . so they could rebuy on lower price. if alot investors selling their assets in loss , there will another buyer in market. we see several kind of investors in market now , some of them as full trader or investors which is their daily needs depend on their performance in market. if they could accumulate profits as saving , they will not panic looking price crash. but if we have regular salary from job , and have saving i think we could hold it longer till become profits.

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Quote from: ?? on ??

People that do such act I think is not by their wish it depends on the situation at hand, people don't like to lose no matter how they will think of alternatives way unless there is no option. So I don't think it deliberately they most be reason for that incident. I think no one pray for loss.

Of course, no people want to sell for a loss. People sell their assets mostly because they need money for urgent needs. If they don't urgently for money, they will continue to hold, especially during this bearish season. I believe if they can have alternative ways, ideally they don't want to sell their coins. You are right, no one expects a loss, it is something impossible. Based on my experience, commonly urgent needs that force people to sell the coins in hurry.

ShowOff

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Quote from: Hamza2424 on October 09, 2022, 07:28:33 AM

Yeah bro you did a good explanation as i think thats true if there is need to sell in loss then bro do it as if not it will be more loss you are losing the opportunity to recover loss and make some profit too so always go with the opportunity.

In fact, you should have with a stop loss if the asset you own is an altcoin. Obviously I don't think that many altcoin can be a potential asset in the long term, but if it's bitcoin then I don't think people should have stop losses for their long term investments.

For spot trading or investing, you will not lose your asset in the form of coins, meaning you will only lose its value. Bitcoin has great potential to become more expensive in the future, so there is no reason to sell at a loss if they have decided to invest with the amount of money they can afford to lose. Be a holder, be a golden hand, it will make you enjoy very satisfying results in the future even though no one can guarantee it.

Hamza2424

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Yeah bro you did a good explanation as i think thats true if there is need to sell in loss then bro do it as if not it will be more loss you are losing the opportunity to recover loss and make some profit too so always go with the opportunity. Grab it Missing it will be an unrecoverable loss. Hold good things grab good thing things thats all in trading it good to book loss sometimes at least.

Digital_Lord

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Yes, waiting for the premium bid is a smart technique, however given the situation you describe, I believe it to be unreasonable if someone does not pick their own reward and instead sets the price to advance, this is not a wholistic approach for trading cryptocurrencies. Simply said, if the price drops by 1% and things are getting bad enough to suggest further drops, sell it right away.

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Well, I think that all of us, or at least most of us, have experienced that experience, of selling at a loss in order not to lose, in books at least what I have read is that losses have to be cut and profits have to be lengthened , the losses for me have to be cut and not give hope that it will go up, because it is very difficult for it to go up, in fact, when we have hope that it will go up, what it does is the opposite process, which is annoying, that's what I think Anyway, that's what Richard Wyckoff recommends.

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