Today $150 loss from storm coin in binance , now what i will do? please help

angel55

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Quote from: berrygood on August 10, 2018, 07:19:20 AM

I think the loss is very little, many people have lost thousand of dollars since the january, if you can't make it rise you can't do anything for me. Just wait

Thousands of dollars is still a small amount, people have lost millions in the crypto crash. Hell, even being a millionaire these days isn't much of an accomplishment. To be truly wealthy and powerful in todays world you need to be a billionaire.

karungbitcoin

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Activity: 588

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Before trading make sure you have risk management , how to reduce the risk by use stop loss, Binance have stop limit feature and you can use it for stop loss. And after you cut loss it, you can buy others coin that look will going up. All crypto too high volatilitas , so you should be use stop loss whenever make trade.

enawati

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Activity: 574

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Storm token was back to bottomed price, and in the long run this token has possibility to going up more because they has live product. We have to patient wait for bull market. If this token going up back to the highest price we can make profit 20 times.

KGBx

full member

Activity: 364

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Well, such things usually happen with traders. Just be ready to compensate such losses with other better trades, that's the only thing a trader can actually do. Now you'd better hold storm because it will probably grow in nearest months.

Cryptokarl

newbie

Activity: 154

Merit: 0

Actually, the market is in downtrend and most tokens with great projects are dipping. Trying to trade in these times is very risky as the tokens you bought have a big chance of going down. You should in my opinion hold your coin if you truely believe in the coin.

weeks65

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Activity: 294

Merit: 10

Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

I think that at this point you should only invest in bitcoin and should not invest in altcoin, you can see that bitcoin prices are constantly fluctuating and adjusting very strongly, the market is in a bearish long Because altcoin prices are falling sharply, so with no market, I believe you should not invest in altcoin and invest only in bitcoin.

anume123

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We must accept when we lose in trading because we are really lucky to beat us when the price falls with the experience.

bezygly

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Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

Until you stepped out of the asset, you did not lose anything! But, I think you will soon lose most of your money, because at the first loss you run to the forum and ask for help, so you're a hamster in trade, and we all know what they go through when they sink into the crypto currency without knowledge of technical and fundamental analysis.

johnwest

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Holding them for some time may give you back your investments. Though it is not easy, it is highly recommended. Another suggestion would be, dont trade if you cant bear the loss.

berrygood

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Activity: 308

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I think the loss is very little, many people have lost thousand of dollars since the january, if you can't make it rise you can't do anything for me. Just wait

RoccoSiffredi

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Activity: 134

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Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

Trading is a two side game, you cannot Always win, you have to learn to take also losses. The main rule here is "the trend is your friend" so if the overall market has been tanking for months, it probably will go on tanking.

The Seller

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Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

Actually it is the usual price reduction because this is only a matter of time. Up and down prices always occur every day and the decision you must take will be in your own hands because it will determine your money.

dang thi bich thuy

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Activity: 381

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When you start trading, you feel scared and confused when your money evaporates. But market fluctuations are normal when it go up or go down. You need to keep calm, losing control will make you lost money.

cryptoking1981

jr. member

Activity: 47

Merit: 1

No offence to many on here, but I think a lot of the guys on here don't know what the F*** they are talking about or are just full of C***

This post shows exactly why you should not take advice of some internet mugs.

The correct answer woud have been to have a stop at maximum of between 3/10% of the position value.

Look at the price now!! its a seventh of what it was then, its absolutley tanked.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

You have to prepare your self on this kind of market behavior. Sometimes your investment will be cut down to 50% but there are times your investment can double up to 100% but in times when your investment is slashed down to almost half, try to sell a portion of your invested funds in another coin with potential or better yet, keep holding till the price recovers.

xitrum

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Activity: 392

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Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

I think that at this time you should not invest and trade altcoin, you can see that the market is fluctuating continuously and hard to kick, bitcoin prices are constantly adjusting and falling sharply in the past days and drag The price of altcoin is going down dramatically. The market is in a downtrend stage, so I believe that at this point you should only invest in bitcoin trading.

ghost14k

jr. member

Activity: 126

Merit: 1

First and foremost don't trade in fear in this game. Have it at the back of your mind that loss is inevitable, so all you need to do is trying not to acquire loss rather than aiming for profit. Now your trade have already gone bad, there are several things you can do. Either you cut your loss and restrategise or you need to wait it out. But in this current bear waiting it will be bad because the market is really dipping anyhow these days. Since you are trading with Binance, learn to use stop loss and that way you will always minimize your loss.

Dhanems

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Activity: 448

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You will do,try and try until you success!failure will teach you how to become successful trader.so if you failed or loser don't be scared it's normal..nobody come successful immediately..

arpon11

sr. member

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Quote from: shipon01683 on May 06, 2018, 05:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

I think you lost money if you buy and sell at the wrong price and patience is the keys in the market. A 100 satoshi lose is not a mush concerned to me if you are ready to hold for some time. I will said in this market it is very difficult for us to have our ways always!

gabmen

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Quote from: manggis97 on August 07, 2018, 09:37:42 PM

Before you start to do trading activity make sure you make risk management, how many % you set for loss and how much for take profit . On every trade always will be 2 scenario, that is wrong prediction and right prediction, So very important to use stop loss whenever make open potition so if you prediction wrong you will loss as stop loss level.

Well he's already lost 150 so that probably would be applicable to his next trades. Now, recollect yourself after than loss and don't take it too hard. People are losing a lot more than you so you're not alone. Take it and learn from it.

Topic: Today $150 loss from storm coin in binance , now what i will do? please help (Read 933 times)