Yea never sell in loss it's a good statement because always market not dump we need to hold with patience if we stuck in dump it's a part of trading to liquidit to glitch people t
So hold with patience for great profit
Topic: Never sell for a loss - is a Myth !! - page 4. (Read 1243 times)
I think "Never sell for a loss" is a myth and we should always use a stop loss and play safe with a good risk to reward strategy.
In my opinion, it is not a myth but it is all depending on:1. what asset you are dealing with
2. whether you are trading or investing.
When we are narrow downing, never selling will be possible when we are investing with bitcoins and it is a myth when you are trading bitcoin or any other cryptocurrency except bitcoins.
If you are holding bitcoins and if you happen to buy around ATH then you need to wait around 4 years to meet that you never need to sell for a loss. Hence, it will be possible with bitcoin investments to stay without selling our bitcoins for a loss if we are ready to hold for years.
Trading is a strategy that requires a precise and dynamic plan that gives a good view of all variables and therefore "Never sell for a loss" is considered a general term. After calculating the taxes, the profits may be useless, and the absence of a plan ( I bought at 10 and will never sell under than it) may end up losing your entire capital "especially in altcoins"
Read more ---> https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=A%20stop%2Dloss%20is%20designed,and%20trigger%20an%20unnecessary%20sale.
If you don't want to get bogged down in too many details, buy bitcoin and hold it for more than 5 years.
But sometimes we takes wrong decisions and put a trade in wrong area. It means take a trade when there is no opportunity available for making profit. Then book some loss is a good decision my brother. Don't hesitate if you feel your trade goes wrong from your decision. Quote
A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move. One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.
Read more ---> https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=A%20stop%2Dloss%20is%20designed,and%20trigger%20an%20unnecessary%20sale.
If you don't want to get bogged down in too many details, buy bitcoin and hold it for more than 5 years.
This depends on what kind of our strategy to make a decision in certain time. It will also depend on each situation of each person, where it will be different.
In my opinion, the reason why people sell coins for loss are:
- Setting stop loss to minimize more loss and then use the fund to another trading, to get profits in order to recover the loss. this commonly happens in most daily trader
- Trader who really needs cash emergency and in urgent condition. I have several similar experiences where I must sell coins under the bought price because I really need cash and I didn't want a loan.
- Panic trader, this is what commonly panic trader sells moreover because they are only trading for hype.
In my opinion, the reason why people sell coins for loss are:
- Setting stop loss to minimize more loss and then use the fund to another trading, to get profits in order to recover the loss. this commonly happens in most daily trader
- Trader who really needs cash emergency and in urgent condition. I have several similar experiences where I must sell coins under the bought price because I really need cash and I didn't want a loan.
- Panic trader, this is what commonly panic trader sells moreover because they are only trading for hype.
be subjective and as long you do know on what you are doing then it should be fine because its your position then its your position to make.
You are right. Basically, it is very subjective, as long as it is fine and likely the best way to do it, surely no problem for selling. To be honest, I have ever experienced a complicated position, forcing myself to sell my coin although I get losses of more than 30%. I have a strong reason to sell it at that time because the project looks like to have a bad ending. It was a new coin and only listed on some small exchanges, so I decided to sell all the coins for a loss. A few months later, I heard that all team members of the project disappeared. I was lucky that I didn't lose all my money by holding the coin. According to this experience, sometimes selling for a loss is a must. Assuming you have bought a coin at $10 and the price goes down to $9 but you don't sell.
You could have placed a stop loss at $9 but you take "Never sell at a loss" so seriously that you decide to not put a stop loss.
The price goes down to $8 but you are too good at HODL. Suddenly the market crashes and the price goes down to $5.
You could have limited your losses at $9 but now your portfolio is down by 50%.
Now the price has to go 100% so that you breakeven with no loss no profit whereas you could have bought back at $5 and gained potential profits using a stop loss.
It goes both ways mate. That’s why the market is a risk, you can’t be certain of where the market heads, although technical analysis does help in some ways so that you’re going to be able to make a better predictions.You could have placed a stop loss at $9 but you take "Never sell at a loss" so seriously that you decide to not put a stop loss.
The price goes down to $8 but you are too good at HODL. Suddenly the market crashes and the price goes down to $5.
You could have limited your losses at $9 but now your portfolio is down by 50%.
Now the price has to go 100% so that you breakeven with no loss no profit whereas you could have bought back at $5 and gained potential profits using a stop loss.
In this case like you have said, you can buy a coin and decide to keep holding because you don’t want to sell at a loss and the market would go down and not come back up again, then you end up losing. Then you can also hold and the market would increase and you will recover from the loss and also make good amount of profit. By the way, it’s best to assume that you’re buying with an amount you can risk, so that that any way it goes you wouldn’t be regretting it.
I really agree with people who sell at a loss to choose another coin with a higher percentage of profit, I think it's very worth it.
It can be a good idea, but may not work for all altcoins. So, it depends on the situation itself. If your asset still drops about 20%-30%, selling the coin and buying another one is okay. While if your asset already dropped more than 50%, I think it is better to stay hold. But make sure, it is not a shit coin. Because if it is a shit coin, probably can end with no value. On the other hand, you don't hurry to choose another coin. Learn carefully the potential of the coin before you rebuy again. Don't experience the same situation in the next coin. 
and this will really be on case to case basis because not all traders or investors are on the same situation thats why i had said earlier that this would
be subjective and as long you do know on what you are doing then it should be fine because its your position then its your position to make.
I really agree with people who sell at a loss to choose another coin with a higher percentage of profit, I think it's very worth it.
It can be a good idea, but may not work for all altcoins. So, it depends on the situation itself. If your asset still drops about 20%-30%, selling the coin and buying another one is okay. While if your asset already dropped more than 50%, I think it is better to stay hold. But make sure, it is not a shit coin. Because if it is a shit coin, probably can end with no value. On the other hand, you don't hurry to choose another coin. Learn carefully the potential of the coin before you rebuy again. Don't experience the same situation in the next coin. 
Here, I agree with you. After all, you may not have time to put spop loss on the redemption of your coin, when the market is quite volatile. For example, I bought 10 and the market collapsed to 5 dollars, you just have to wait for your price tag initially, but this is more of an exception to the rule. In general, stop moose really protects against huge losses.
And that is the thing, if you are an investor and you are determined from the beginning to hold your coins no matter what then it makes sense to hold your coins in the case there is such a big crash, but if you are a trader this should not be an option, in my opinion the most important skill that a trader must have is to limit the amount of money that you lose in each trade, this way not only you protect your capital, but the longer you can remain part of the market, and this increases the chances you will see a bull market and obtain great profits with it.change up those goals and might lead up into early selling whenever you do see a market crash.
Losses is inevitable but you cant really just think off that you could get rid of it because you would definitely be experiencing it.Cutting losses is neither a good or bad move.
It will varies on market condition whether you did make the right call or not.
Here, I agree with you. After all, you may not have time to put spop loss on the redemption of your coin, when the market is quite volatile. For example, I bought 10 and the market collapsed to 5 dollars, you just have to wait for your price tag initially, but this is more of an exception to the rule. In general, stop moose really protects against huge losses.
And that is the thing, if you are an investor and you are determined from the beginning to hold your coins no matter what then it makes sense to hold your coins in the case there is such a big crash, but if you are a trader this should not be an option, in my opinion the most important skill that a trader must have is to limit the amount of money that you lose in each trade, this way not only you protect your capital, but the longer you can remain part of the market, and this increases the chances you will see a bull market and obtain great profits with it. 
Patience would really be tested out on these kind of times on which you would really be waiting for a very long time if you've decided to hold but actually there are people who
could really do that without minding much on how long it would be and most to those people who do have extra income or doesnt mind about their investment profits.
Thats the reason on why they dont care that much about the condition of their investment.
Selling is someones decision whether they do get hold or simply panic sell.
I am "sort of" like that, I mean sometimes I make a debt and still do not cash out my investments, I rather keep them waiting there and making me profit. I believe that if I spend my investment instead of making a debt then I would just not reinvest that, so instead of spending 1000 from my investment and putting it back 100 dollars each for 10 months, I take a debt and pay it and then pay 120 bucks per month for 10 months (or 100 for 12 months) and yes I am spending more that way but I am also hoping that it will be much more with my investment growing eventually so I would be in profit.could really do that without minding much on how long it would be and most to those people who do have extra income or doesnt mind about their investment profits.
Thats the reason on why they dont care that much about the condition of their investment.
Selling is someones decision whether they do get hold or simply panic sell.
Extra is that, I would probably spend that money and not invest it so I would be left with no debt but no investment at all. This way I push myself to pay the debt because otherwise what you gonna do? Not pay your debt to bank? They will take it somehow anyway.
Holding coin till price recovery happens is not good idea in long cold bear markets, price recovery may happen in next 3 years. Inflation and the fiat equivalent will be problem even if trader exit trade positions with profit and I don't even count stress during process. Better to liquidate the position while you can sell for 20% loss then you can try your trading skills somewhere else.
It becomes a personal choice. Someone who have faith in bitcoin will probably not sell it even if they bought high. For example, when bitcoin first crossed 19k USD there were buy orders at that all time high and then eventually the price crashed back. Think of how difficult it was for those people to have bought in at the top. But compare it to the price we have today beyond 45K USD even in a bearish trend, those people would have had 2x unrealized profit.Managing stress is another thing. But if one can cope up with the price movements then can eventually come out with profit even from a high buy position. In that sense it is correct for bitcoin to not be sold even at loss by any trader. However here opinions differ and I am not talking about altcoins at all.
Bitcoin is still cheap comparing what it can possibly be in fiat price by the time its supply stops.
Holding coin till price recovery happens is not good idea in long cold bear markets, price recovery may happen in next 3 years. Inflation and the fiat equivalent will be problem even if trader exit trade positions with profit and I don't even count stress during process. Better to liquidate the position while you can sell for 20% loss then you can try your trading skills somewhere else.
Patience would really be tested out on these kind of times on which you would really be waiting for a very long time if you've decided to hold but actually there are people whocould really do that without minding much on how long it would be and most to those people who do have extra income or doesnt mind about their investment profits.
Thats the reason on why they dont care that much about the condition of their investment.
Selling is someones decision whether they do get hold or simply panic sell.
very true, in trading must have a target both profit and loss that is set before making a trade in order to avoid such a large loss.
I really agree with people who sell at a loss to choose another coin with a higher percentage of profit, I think it's very worth it.
I really agree with people who sell at a loss to choose another coin with a higher percentage of profit, I think it's very worth it.
Yes NEVER sell in Loss. I saw many people always sell their Token at a Loss. But it is not good. you should keep patience. That day will come when your bought token will pump if you have invested in a good project. You should make an investment in good project. Like cifi, PYR.
Yes sir you are absolutely right because some investors don't analysis future development and projects overview. They selling their investment coins for a little bit profits. Hence they suffer a sorrow moment at the pumping of his coins. Holding coin till price recovery happens is not good idea in long cold bear markets, price recovery may happen in next 3 years. Inflation and the fiat equivalent will be problem even if trader exit trade positions with profit and I don't even count stress during process. Better to liquidate the position while you can sell for 20% loss then you can try your trading skills somewhere else.
Patience would really be tested out on these kind of times on which you would really be waiting for a very long time if you've decided to hold but actually there are people whocould really do that without minding much on how long it would be and most to those people who do have extra income or doesnt mind about their investment profits.
Thats the reason on why they dont care that much about the condition of their investment.
Selling is someones decision whether they do get hold or simply panic sell.
Things will depend on how we believe in our holdings or how we predict the next movement of it. We could base things on how we do technical analysis and on what we want to achieve based on our target goal. There's no specific price to sell and no specific time frame because we all have our different goals. Crypto investment has lots of risks and our profit would depend on how we're going to deal with every market situation.
You have said really well that everything depend on the market situation and how the market act with us .If we hold our coin for long term if it is Shitcoin it will just wash your portfolio even made 0 .I just wanna give you a example i have some Dragon coin it may be around 500 i didn't sell it on 350$ now the value of of my account are 0 .So it is clearly proved to me that if we wanna follow the strategy to hold until we get profit we definitively need to hold the top coin .Which has really a actual value forever and never wash you account and you can get a good return for sure .
But sometimes we have to sell some coins to book small loss then huge loss. Its a good decision I think. In other words I named it as a stop loss. If you study a project that is very strong and it's worth holding then hold it for long term don't see their price for next 2 to 5 years. After that see their price if the team is strong then they stable their project in these years. Otherwise you will get a loss.
Yes NEVER sell in Loss. I saw many people always sell their Token at a Loss. But it is not good. you should keep patience. That day will come when your bought token will pump if you have invested in a good project. You should make an investment in good project. Like cifi, PYR.
Not all the time because there are sell on loss do actually saves up your ass literally on more negative on your portfolio since there are coins/projects tendsout to dump without any recovery happening afterwards thats why there are instances which those sell offs would be a good call on preventing
further losses.So making decisions like this would vary and not all means that it was a bad decision.We do need to cut loss if its needed
but most of the time it was a mistake been done.
Here, I agree with you. After all, you may not have time to put spop loss on the redemption of your coin, when the market is quite volatile. For example, I bought 10 and the market collapsed to 5 dollars, you just have to wait for your price tag initially, but this is more of an exception to the rule. In general, stop moose really protects against huge losses.
Yes, that is the main purpose of setting a stop loss, to prevent yourself from experiencing huge losses. And i think that will not be hard to do, unless you are thinking that having this is still useless, because you'll still lose in the end. And i think no one would really sell at a loss intentionally. We all have our own strategies to end up profitable, but if you have invested in wrong coins which are shit coins, then there's no where to go but to end up losing. And as much as we can, either you're in purely hodling or trading, its good to set stop loss first so you will be guided which will prevent you from losing much. Jump to: