Topic: Tips for when Getting Stuck - page 5. (Read 18284 times)
I experienced that often when I'm still a beginner in trading and I sold several of the stucked coins before their value go down significantly. I only hold a coin if there is an upcoming event like hardfork, main nets and other positive developments because their prices will certainly go up. Before buying a coin, I often make a research first to find any significant event in the future that can possibly push its price up to avoid being stucked in trading.
Patience is the key if OP really wants to get a profit but I think he's too persistent to quickly gain that profit that he wants. Trading is not an easy job to do especially if your patience is too limited, you won't last on trading if you don't extend your patience to last longer. Most traders usually use bots because they were too tired of waiting but it's too risky if you don't know what you were doing.
Though I agree mostly, it really really depends. Sometimes, just selling immediately could end up better for you; when the prices are going nosedive for instance. You could simply sell and buy back lower at a certain percentage. This question by OP simply doesn't have a binary answer.
It depends on your pocket size and risk tolerance. Don't continually chase the market though if you are losing. You will always be chasing the market that way. Just try to monitor your order better and make sure it's a market order so it will be filled immediately. Or switch to a bot to make the trades for you. Then you could split your orders to both sides and buy and sell for a few % profit each way.
It is difficult to advise, when I have no idea, if you are losing all your capital in that operation, because otherwise, I would tell you to close, assume your loss and learn not to fall into the same mistake. Because the market is always going to give tickets to positions and you can recover, now if you are losing all your capital, I think there is no way out, wait for you to recover and exit breake even.
Before you put money on exchange, you should be already have knowledge about risk management. Use only exchange that provide feature of trigger prixe or stop limit so you can use it for stop loss. Use stop loss 4% and take profit minimum 8% per trade is good because the reward should be higher than the risk.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear... 
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
I can't tell you the best thing to do on your situation since we have different approach on that. Also it will depend on what coins you are referring to.
For example that I will say, you must get out now, there are chances that the other way around will happen and it might give you regret and vice versa. We might have different results in the end.
So have a self analyzation on what to do. I know it will be difficult for a beginner but without those trials and errors you will never learned. There will be a time that you need to take the risks. Goodluck on that.
Depends on what target did you set. If it is something like +100$ you can wait pretty long, but with smaller targets it is easier and trading process almost do not stop.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
That depends on how the money can behave. So, what result did you get from your analysis? If you think it will not be a better price, it is futile to wait. My only suggestion, do not increase your loss according to greed. Try to fulfill the order with the least loss. It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
you can pick one of the options below
- you decide how much you're willing to lose and cut loss when the market hits that price, then start over
- or hold and wait for price increase until it reaches your target price
you should choose based on your trading style/preference
- you decide how much you're willing to lose and cut loss when the market hits that price, then start over
- or hold and wait for price increase until it reaches your target price
you should choose based on your trading style/preference
It depends. It's completely up to you if you want to wait for your offer to be filled or you should just change your price target. That's the reason why I really suggest against doing trading for most people in the first place, especially if you have no idea on what you're doing. In the end, even though you can use TA and or FA to get stuff slightly in your favor, there's still no way to make sure what's going to happen in the markets.
Hence I always heavily suggest that you do something else instead that could be sort of "productive" for you.
Patience is the key if OP really wants to get a profit but I think he's too persistent to quickly gain that profit that he wants. Trading is not an easy job to do especially if your patience is too limited, you won't last on trading if you don't extend your patience to last longer. Most traders usually use bots because they were too tired of waiting but it's too risky if you don't know what you were doing. Hence I always heavily suggest that you do something else instead that could be sort of "productive" for you.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
Depending on the situation it is hard to sit tight and expect a positive return on every trade. Expert traders always advise to trail trading stops before it was too late and there are some indicators for this purpose. Why didn't you make lower target below latest resistance line? Starting over is best option considering situation based on your opinion. It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
The profit margin is mere 1%, so you can go with the market instantly. This could let you get rid of the loss. If you've placed for an order with higher value and it didn't got filled or getting closer and going away it is good to hold with patience for a while and then once again initiate the trading when market meets with the calculated profit margin.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
Why waste time if just want to lose your assets, if me my coin down below my buy price, i will hold it until get profit. Because we will only waste time and our mind if only get loss in trading. And hold can teach your mental. It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
I have been in the same situation like yours, can be frustrating watching the price go down drastically.
Though, it depends on the coin; if it's among the top listed coin in coinmarket (for instance) that has a good possibility of maintaining it position in the nearest future, then leave it; it time will surely come.
But for others coins which has a shaky future, it's left for you to either sell off or keep waiting for the unknown future.
Mine was among the top listed coin; I'm still holding and I'm not regretting it.
This is why it's always recommended to trade and invest with money you are willing to forgo, cause anything can happen.
Though, it depends on the coin; if it's among the top listed coin in coinmarket (for instance) that has a good possibility of maintaining it position in the nearest future, then leave it; it time will surely come.
But for others coins which has a shaky future, it's left for you to either sell off or keep waiting for the unknown future.
Mine was among the top listed coin; I'm still holding and I'm not regretting it.
This is why it's always recommended to trade and invest with money you are willing to forgo, cause anything can happen.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
that situation is almost be like that for most of the people that decision is more important at this time if you hold on you will need to see the future but if you sell it quickly then the future of Crypto investment will not seen by you for your investment right now this will be the problem so if anything that we made in this situation definitely had huge risk and confusions filled with this field It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
I'm not a huge trader of crypto by any means, but I've been in the exact same position--and this sums up why trading is such a bitch, i.e. the market does what it wants to do, not what you want it to do.
If you're just playing around with funds you don't mind losing if it came to that, I'd say just be patient and try to learn from the experience. That's what you should always be doing, IMO, but I know thay many traders gamble the rent money and don't learn a damn thing in the end. And sometimes it just takes time for the market goes up, and I think if you're only looking for a 1% gain, you'll probably have the trade executed eventually. Good luck.
If you're just playing around with funds you don't mind losing if it came to that, I'd say just be patient and try to learn from the experience. That's what you should always be doing, IMO, but I know thay many traders gamble the rent money and don't learn a damn thing in the end. And sometimes it just takes time for the market goes up, and I think if you're only looking for a 1% gain, you'll probably have the trade executed eventually. Good luck.
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
Having a floating loss is not a problem actually. As long as its volume is not huge
Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...
It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
Depends on you if you do like to wait until your order would be filled up.If you do saw that it has a potential to rise you can even opt-in to set even more higher but It's still just sitting there and it is way below my target price. DO you just sell that thing and start over?
DO you hold on and just... wait???
basing on your situation which the price comes stagnant lower on your target area then its up to you if you cancel or just let it hanging.
If you are desperate, then waiting can frustrate you for waiting. I do understand that but the decision will be yours. Meanwhile, if you close the order, how are you sure you won't be stocked again with another order... This is one issue with trade. Your choice anyway.
If the gap is way too far then you might want to cancel that order. You will be waiting for nothing with that.
Depends also on the amount of tokens that you are selling.
If you have the higher amount than everybody on that order then it could still be filled since some may want just one order and dont want to be buying like a retail.
Try to check the gap first. It could not be a bug. The trade orders may have just been faster.
Depends also on the amount of tokens that you are selling.
If you have the higher amount than everybody on that order then it could still be filled since some may want just one order and dont want to be buying like a retail.
Try to check the gap first. It could not be a bug. The trade orders may have just been faster.
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