Topic: Never sell for a loss - is a Myth !! - page 5. (Read 1243 times)
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.
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.
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 . 
I have heard many people say that never sell for a loss but what does it actually mean ?
Those people though that the price would eventually come back after the dip but still there is so much stuff to expect and possibility to take a note on. It just depends on the people you are asking to, they probably think they can have a comeback with those dip so they won't sell it right away but in the other hand there is a stuff like "cut loss" like you said before so you can buy something else waiting for the price is good to invest again.This is why 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.
As much as I agree with you but we can't just do the same strategy over and over, you may change the strategy based around the situation you are in right now. 
There is no need to sell when the situation is at a loss, basically the coin will definitely increase again but if this is based on daily trading then installing a stop loss is very important to do, when market conditions are uncertain then reversal is very vulnerable we must be prepared that it is possible will often happen but mentally must be prepared to stay in this state.
Sometimes when the price drops badly, many people sell just because they don't want to lose big, they certainly don't understand at a certain level.
Sometimes when the price drops badly, many people sell just because they don't want to lose big, they certainly don't understand at a certain level.
If you stick to such a strategy that the price will definitely increase, you can very quickly turn from a trader into an investor, as I wrote earlier. I think you already remember the time when the bear market lasted for several years and had to wait a long time for the price to recover to its previous value. But not all coins returned to their previous prices, many remained at the bottom.
Your scenarios seems will happens if you pick meme coins because these usually happens on memecoins which some of them will rugpull after reach the highest peak however the concept will be different if you able to pick good coins to invest because good coins can able to bounce back after touching the deep so that's why some people said hold while the price cheap will avoid you to lost so i think there was a misunderstanding about your thought
I've also experienced something like that, we feel sorry to be sold with the expectation that the price will immediately return to the top, but what happened was the opposite, and in the end I was psychologically disturbed and finally I couldn't think clearly. since then I have to place a stop loss whatever happens because of the experience I've had, even though sometimes after hitting the stop loss the price goes up again
You are describing exactly what happens when you do not use a strategy or you abandon the strategy that you have been using until then, people become lost and they do not know what to do just at the moment they need guidance the most, this is why having a strategy and following it is really important as just when you hit that point of confusion your strategy is going to be there to tell you what to do under those difficult market conditions. 
Well you are right, and those who also say that you shouldn’t sell for a loss are kind of right. This is a 50/50 chance, and you know why? Because, the market is uncertain. You can’t tell what is going to be the next move of that coin that you have invested in, there are times that you will sell your coin and the market will start going up again, and by the time you will try to get back, it will be above that $10 that you have purchased it before, and you will now have to buy at a higher price when you are not even sure if the price will continue to move up...
Every trader should have a backup plan in case the price of the coin moves in the opposite direction to expectations. And every trader should understand from what levels the price of a coin can turn in the opposite direction. Usually, a stop loss is placed for such a level, since if the price does not turn around at these levels, then there is no point in holding the coin. And if you stick to this rule, "Never sell for a loss", it is very easy to retrain from a trader to an investor.
There is no need to sell when the situation is at a loss, basically the coin will definitely increase again but if this is based on daily trading then installing a stop loss is very important to do, when market conditions are uncertain then reversal is very vulnerable we must be prepared that it is possible will often happen but mentally must be prepared to stay in this state.
Sometimes when the price drops badly, many people sell just because they don't want to lose big, they certainly don't understand at a certain level.
Well you are right, and those who also say that you shouldn’t sell for a loss are kind of right. This is a 50/50 chance, and you know why? Because, the market is uncertain. You can’t tell what is going to be the next move of that coin that you have invested in, there are times that you will sell your coin and the market will start going up again, and by the time you will try to get back, it will be above that $10 that you have purchased it before, and you will now have to buy at a higher price when you are not even sure if the price will continue to move up...
Every trader should have a backup plan in case the price of the coin moves in the opposite direction to expectations. And every trader should understand from what levels the price of a coin can turn in the opposite direction. Usually, a stop loss is placed for such a level, since if the price does not turn around at these levels, then there is no point in holding the coin. And if you stick to this rule, "Never sell for a loss", it is very easy to retrain from a trader to an investor.
A financial backer for the most part has many purposes behind purchasing a stock yet regularly no put down stopping points for when or for what reason to sell it Don't allow this to happen to you. Set motivations to sell stocks and sell them when these reasons happen. The explanation could be pretty much as basic as Sell assuming awful news is delivered about corporate turns of events or then again in case an investigator brings down the value target
Regularly you simply need to take care of business and get rid of your stock at a bad time before those misfortunes get greater. Trust isn't a system and a financial backer must have a coherent motivation to stand firm on a losing footing What you paid for a stock is insignificant to its future bearing The stock will head up or down dependent on powers in the securities exchange, the stock's hidden essentials and its future possibilities.
If the traders are planned to hold for 5 years, i think it's okay if they hold it even it's in bearish time. But for daytrader it's really important to place a stop loss.
Long term investor never think that when bull market will start and when bear market will end but a crypto trader or short term investor always follow this both market condition. So 'Never sell with low price ' this word is meaningless for Trader and short term holder. They can save their fund in bear market. It is not matter that what was my buying price. But if they think that coin is good and it Will recover Between some month, then they can hold. 
Never sell in loss mean hold for long term but its not always work because sometime we take entry when price is on peak and then down 10% . if not sold price down 50% or 100% like Shiba. Those people who bought shiba at peak and now 100% down, this phrase not work for them.
I think this phrase only works on top coins have high usecase like Dot,Eth,ADA,Sol etc.
If you are buying coins at a peak price, then that will be very difficult for you once you see the price drops drastically after you bought it. This is the best time that you should put stop loss to minimize your losses. But if you are buying at a low price and target to sell at its peak, even if you witness series of prices dumping as long as you are holding for long term, the situation won't bother you at all. Never sell for a loss will only work if you are for short term profits, but if you are for long term, of course you know exactly that you will never sell if the price is in downtrend. I think this phrase only works on top coins have high usecase like Dot,Eth,ADA,Sol etc.
Never sell in loss mean hold for long term but its not always work because sometime we take entry when price is on peak and then down 10% . if not sold price down 50% or 100% like Shiba. Those people who bought shiba at peak and now 100% down, this phrase not work for them.
I think this phrase only works on top coins have high usecase like Dot,Eth,ADA,Sol etc.
I think this phrase only works on top coins have high usecase like Dot,Eth,ADA,Sol etc.
I have heard many people say that never sell for a loss but what does it actually mean ?
Apply this to bitcoin and that too long term. Then only you will see the impact and importance of the line. In short term what you describe might end up true and you would agree that more so in terms of altcoins.Quote
This is why 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.
It depends on the situation, like I said, altcoins in short term and sometimes bitcoin too shows similar bearish trends that you would feel that you could have stopped if you sold. There comes in the choice of going for a short sell. It is a tool that you can use if your are interested in while not spending your bitcoin asset but using fiat to bet on price decrease. If you are a long term holder then you can ignore the downtrend because you know price will go up eventually, you just dont want to trade at a lower price. You would rather use fiat to buy at the lower price than stop-loss/sell at lower price.
Lastly, when it comes to shitcoins, just sell at whatever price you can, you just need to cover losses because those coins would never go up in the next ten years.
I have heard many people say that never sell for a loss but what does it actually mean ?
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.
This is why 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.
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.
This is why 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.
For the safety of our funds, don't risk on a specific decision which you can't afford to handle and deal with. Because if you continue to ride with the myth, you will not gain confidence on you trading. Profit shouldn't be rush, it needs patience and enough time in order to generate huge gains despite of many struggles that we may face all over time.
This is why 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.
As a rule, such a mistake in trading is made by beginners who are psychologically not ready to fix a loss. Here it is necessary to understand to what level of support the price will decrease, and at what price it will be possible to buy the coin again. In addition, they lack experience and they do not understand that they will still have a lot of opportunities to buy a coin at a better price.
This is why 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.
As a rule, such a mistake in trading is made by beginners who are psychologically not ready to fix a loss. Here it is necessary to understand to what level of support the price will decrease, and at what price it will be possible to buy the coin again. In addition, they lack experience and they do not understand that they will still have a lot of opportunities to buy a coin at a better price.
would really be affecting your decision on point and there would be lots of considerations when you do make out such decision.
I have heard many people say that never sell for a loss but what does it actually mean ?
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.
This is why 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.
Well you are right, and those who also say that you shouldn’t sell for a loss are kind of right. This is a 50/50 chance, and you know why? Because, the market is uncertain. You can’t tell what is going to be the next move of that coin that you have invested in, there are times that you will sell your coin and the market will start going up again, and by the time you will try to get back, it will be above that $10 that you have purchased it before, and you will now have to buy at a higher price when you are not even sure if the price will continue to move up.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.
This is why 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.
And also like you have said, the market can also go down and still continue to go down which would be a loss, if youdon't sell at all. So it’s just a 50/50 chance, if you know what is right at that time just do it. If a project seems right, then it might be worth holding it for long term, but if it’s not, then you might have to stop loss.
The ones who could read the chart I guess will decide what's best to do when the prices go downwards. If they see the price could go further below $8, maybe he will sell and then buy back at $5. He would prefer to do it that way by taking advantage of the bear trend. Having more coins worth $5 each will make the trader profit still after it if the price pushes up again. But If it's an altcoin, it might not be about the myth which somehow only applies to BTC.
I agree with you because sometimes i did that kind of strategy but it depends on a coin you trade. If a coin has a potential to recover and if you bought at $10 and suddenly the price drop to $9,$8,or $7 for me better to sell and buy back when the price continue to decrease to accumulate more coins but the problem is, when you bought at $10 and sell at $8 then suddenly price went up more than $10 for sure you will regret it. Crypto market is really risky that's why we should be careful and know how to analyse the market graph/indicators.
That's why crypto trading is not an easy thing to do, because it's not just buying at a low price and selling it at a high price. It depends on our
respective strategies when trading and also depends on the coins we use for trading. Therefore when trading we must do research and analysis
correctly, so that we are not wrong when making decisions. I agree that crypto trading has a very high risk, because the wrong decision will result
in us losing all our capital. Because there is indeed a limit on how long we have to hold the coins we buy, sometimes we have to dare to cut losses.
Especially if we are trading in new coins or shitcoins, then if the price drops far enough, we have to do a cut loss, otherwise we will be stuck in the coins
for a long time.
Jump to: