Topic: Today $150 loss from storm coin in binance , now what i will do? please help - page 2. (Read 933 times)
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.
July 21, 2018, 12:23:48 PM
well, I think you should read something about this coin in order to find out a suitable way to do with it. There are many news on the internet which can help you in this situation. If the coin is bad, I believe that there is nothing we can do but to sell it immediately. If news proves that it is a sleeping giant, why not risk our money for a better profit in the future 
July 21, 2018, 12:06:35 PM
You should either hold it until it recovers or create a sell order for the amount you paid so you can quickly recover your investment when the coin returns to your buy price.
July 21, 2018, 11:44:41 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 would not pay so much attention to that because it is a common thing to lose while you are trading on this market. So you should better start to be more careful and continue to do what you have been doing before. Thanks
July 20, 2018, 08:36:56 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
Thanks
My suggestion for you is to stop trading. As I see on your statement, you lack the most important thing in trading and that is controlling your emotions and bringing discipline to all of your trading. You also shouldn't also rant you losses here.
July 20, 2018, 08:14:42 AM
no need to panic like that, because Cryptocurrency is true its up and down its price every time, just we do not know when Altcoins will go down or up.
I hope HodL alone Storm Coin for some time, see its roadmap on the Storm Coin website, if the next month there is a good project from Storm Coin then it could be going up its price.
I hope HodL alone Storm Coin for some time, see its roadmap on the Storm Coin website, if the next month there is a good project from Storm Coin then it could be going up its price.
July 10, 2018, 03:51:10 PM
That’s sad to be heard and heart breaking that you loss 150 US dollars from storm coin from binance
but just let this as a lesson that you must learn to be able a better investor in this business.
but just let this as a lesson that you must learn to be able a better investor in this business.
July 04, 2018, 07:06:03 AM
Don't be so irritated by that because it is a normal thing between all of us traders, I had some situations when I last even more, even 10 times more than this so it is like the process you cannot avoid that
July 03, 2018, 06:25:46 PM
if you still hold storm coin until now it's mean you make a right decision to hold it because this week the market begin to increase again, you not totally loss your money when the price down but you just need the time to see the price increase again. become as a trader it's mean you should have patient.
July 03, 2018, 05:16:20 PM
Sell this coin and never again open an order without a clear trading strategy, which you will adhere to. Learn to first trade on small amounts and as soon as you begin to make a profit on an ongoing basis, then increase the balance.
June 24, 2018, 11:19:08 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
The current trend in overall negative and most coins are losing their value every day.Thanks
I would recommend refraining from daily trading with altcoins for the next couple of weeks, at least till the moment when BTC and ETH go back to $7,500 and $650, respectively.
June 24, 2018, 10:47:33 AM
Ouch, one hundred fifty dollars is a huge amount already but we should not feel devastated and upset about that since it will not help your situation and will make your situation even worst.
May 15, 2018, 03:33:43 PM
10% to 20% fluctuation in crypto trading is common during unstable markets. The worst thing you can do is to panic sell.
It is either you hold on to the coin till it rise or buy more of the coin at a lower price to lower the average buying price.
This is completely true in other markets a fluctuation of 10% or even 20% could be a disaster, and the media will be covering that huge crash and people will be very nervous about their investments, but when you invest in the market of cryptocurrencies you need to leave that kind of panic behind you I know it is not easy but such movements are very common in this market it is not rare to see a drop of 10% and then the next day we see a rise of 10%, so people need to adapt to the way this market moves if they don't they will lose money. It is either you hold on to the coin till it rise or buy more of the coin at a lower price to lower the average buying price.
May 15, 2018, 03:12:50 PM
The best thing you should do is to hold them until it increases back again then you can sell them and buy another cheaper coin then repeat the cycle all over again.
May 15, 2018, 02:37:12 PM
When the coins get dumped, either you buy more when its fully down or you hold until it gets back up. These are the only ways my friend, if you sell when it got dumped then you will be in loss so be patient and hold. Most of the coins get pumped with bitcoin and will be trade able.
May 15, 2018, 02:32:17 PM
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
Thanks
This is what called as panic attack! What you suffering from is the situation which you must avoid now to stop your loss. I mean you might just think that you should sell all the storms that you have got but its wrong. You should not go that way and must hold your coins. I would suggest you to wait at least for weeks or so and thus you will see the storm rising too. I mean most of the coins are just getting little glitches and nothing else. 100 satoshi is not a big deal so you dont have to worry about it.
Man, here you are right 100%. When the newbie starts to panic, he can make even more mistakes. It is better to take a small pause and estimate the situation. 150 dollars is not even a loss, especially if he did not sell the cryptocurrency.
May 14, 2018, 01:58:35 PM
how many people went bankrupt on such things. Your initial success is called "beginner's luck". A new trader comes and he is usually very lucky in trading. After some time, the novice begins to think, that he knows, how to make money on the stock exchange, although often it is not. And the result is always the same - money lost.
May 14, 2018, 01:26:31 PM
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
Thanks
You just have to exercise patience and hold on to your coins till the coin goes back to the top. You have not lost your $150 until you sell for less than you bought. It won't take storm a long time to recover.
Best luck in your subsequent trades.
May 14, 2018, 11:55:53 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
You must have been trading with some strategy why did you bought storm was it based on any TA or just some gut feeling? If it was merely a gut feeling then my dear friend you must have sold already while instead if the trade was based on some TA then you might be knowing the correct stop loss for your trade sell at that point. In both cases I think you might have already missed the stop loss so now the best thing being a noob trader you can do is hold. Its obviously not the end. Storm is a good coin and will surely recover back. However if you are a bit confident you might choose otherwise to make back your money in some other crypto too. Thanks
May 14, 2018, 11:41:45 AM
10% to 20% fluctuation in crypto trading is common during unstable markets. The worst thing you can do is to panic sell.
It is either you hold on to the coin till it rise or buy more of the coin at a lower price to lower the average buying price.
It is either you hold on to the coin till it rise or buy more of the coin at a lower price to lower the average buying price.
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