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Topic: What do you do when you are over 50% lose on your trades? - page 7. (Read 1327 times)

legendary
Activity: 1036
Merit: 1002
I am not checking portfolio  frequently I may check once when whole market go it’s advisable to have a patience atleast you get 2x profit of your btc investment. Out of your investment trx may give huge profit.
Its very hard to handle your lose like this but dont lose hope. The right thing to do is to stop trading and have another option of your plans to have a bounce back of your lose. Then when you recover your lose in trading have more knowledge for it and learned things about tradings.If ever you try to get back on trade it will surely a 100% successful. But also theres another option to do. I suggest to hold your remaining money and wait for the time to recover your lose its such a risky in trading I advise to keep reading in trading moneys so that to avoid losing
legendary
Activity: 2982
Merit: 1028
The right move is stop trading when you are over 50% lose on your trades because if you trade six different tokens at the time, it seems you don`t poses the right skills for trading. The only excuse is if Bitcoin is rallying and because of that the whole alts market is down - in this situation, you have to wait for BTC to stabilize and the alts will recover.
Correct waiting game is needed when you are losing your portfolio, better to keep your coins instead of losing that much, the market will bounce back is just a matter of time, when btc start to move strong the alts will go as well, those who are not looking positively will lose their investment, wrong decisions will result to negative outcome so keep your patience.
rbt
full member
Activity: 266
Merit: 101
The right move is stop trading when you are over 50% lose on your trades because if you trade six different tokens at the time, it seems you don`t poses the right skills for trading. The only excuse is if Bitcoin is rallying and because of that the whole alts market is down - in this situation, you have to wait for BTC to stabilize and the alts will recover.
sr. member
Activity: 486
Merit: 250
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.

i think everyone in here will be give you same answer for this situation. everyone won't to sell their coins
in the current falling coin condition. so, you must HODL your coins until u got huge profit.  Cheesy Wink
member
Activity: 161
Merit: 10
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.
There is no other choice but to hold, consider it as paper loss. If i lose that kind of percentage,I analyze my strategy and make it a lesson on my next trades. This kind of scenario cannot be  avoided. All traders have experienced it at some point.
jr. member
Activity: 252
Merit: 2
It’s normal when you engaged in trading business sometimes your coin drops, with your situation I also do the same because I believed that holding those coins is the best option and wait for the market to recover.
newbie
Activity: 192
Merit: 0
This is market you bought at high and see minus its okay, just hodl or sell all and buy at dip more then you can make profit, never buy then market is green for weeks.
hero member
Activity: 2254
Merit: 658
Revolutionized copy gaming platform
For me, I usually hold on to that. There's a part of me who would like to dump all of my tokens, and there's another part of me who is strong and willing to hold on. I think it is just a healthy correction when the crash comes, and it is a lesson learned for all of us who are still new into this one.

It may take time for these altcoins to recover, but I strongly believe that they will grow overtime for many months to come.
full member
Activity: 448
Merit: 102
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.

HODL for dear life my friend. Turn the PC off and enjoy life and just check in here and there CMC. Hopefully it will go back up over the next few months.
newbie
Activity: 126
Merit: 0
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.

If i were you, and i already lose 50%, it can be called as a huge lose,
then i will keep HODL those 6 coins till the price is quite good again,
just don't lose hope with those coins we invested.
because it's already happening, nothing we can do except wait.
member
Activity: 574
Merit: 10
For me the only better way to stay afloat by waiting for higher prices, this will change at any time with higher prices so you will benefit, and I am sure the price will rise again. so you make a lot of money, holding and waiting by selling a better price.
full member
Activity: 630
Merit: 103
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.

Well, accept the fact that joining trading and investing in digital currencies is really risky due to volatility of the price so we have to be use to it and face it with fortitude especially when losing because i heard that there is a man in South Korea that commit suicide because of losing investment in digital currencies. So in this situation of yours you should HOLD your coins because i believed that these coins are promising in which their teams are working hard to make the price rise up to become stable once again. Just always think that you are not alone in this situation.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Right now what I do is to do trading on Binance, day trading needs skill so you can learn from experience to be a day trader. You can also do bounties while waiting. Junior members already can join different bounties. Try it.
member
Activity: 224
Merit: 10
I try to avoid such situations. But if this has already happened, then only wait. Wait until the market begins to grow and prices will recover. Use a risk management strategy. If the market enters a bearish phase, then sell with a loss of 5-10% and then buy at the bottom.
full member
Activity: 560
Merit: 108
Just hodl your all your crypto that you have bought (portfolio) for long term because the market is down right now. Just give the market some time to recover and your portfolio will recover also. I have a situation just like you and I HODL my portfolio as my long term investment. Just enjoy your day. We hope the market will be better. Thanks
newbie
Activity: 104
Merit: 0
Let be more happy . Please believe in a bright tomorrow. No one can say anything. Maybe someday in the sky someday everything will be better. Enjoy your life and do not look at the computer all day. Good luck
jr. member
Activity: 336
Merit: 1
I think you need to stop trading because you have nothing to do with your strategy and you do not have anything to do with Crypto's just use your money in a good way.
sr. member
Activity: 434
Merit: 250
I am not checking portfolio  frequently I may check once when whole market go it’s advisable to have a patience atleast you get 2x profit of your btc investment. Out of your investment trx may give huge profit.
sr. member
Activity: 476
Merit: 278
Not a lot that you can do in this kind of situation,either sell them with loss and invest in coin that you thing have a bright future or just hodl them and hope that price will ever go up.This is why there are options like stop loss in trading that prevents you from making this big mistake and losing over 50%
sr. member
Activity: 728
Merit: 250
On 10th I bought these coins...

QLC             665.39235960        spent 0.04669735 BTC now value 0.02208817                     
DBC           3489.01913490        spent 0.11399558 BTC    now value 0.04789097                     
UTK             999.14623990          spent 0.07351075 BTC now value 0.04367548
TRX         11704.11100000        spent  0.11480700 BTC now value 0.07415842
VTC              43.46405229          spent 0.01995629 BTC now value 0.01713204
MUSIC      6321.99316783          spent 0.04531524 BTC now value 0.02180519

If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.

How do you handle when you are in my situation.
If you are losing so much money then you are not a trader but an investor, if you bought those coins thinking as a trader and are in 50% loss then the only thing I can tell you is that you need to learn how to use the stop loss function in your favorite exchange and put a range at which you will sell.
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