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Title: When the portfolio goes down Post by: shamzblueworld on May 17, 2017, 07:51:39 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated?
When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? Title: Re: When the portfolio goes down Post by: pedrog on May 17, 2017, 10:40:04 AM You need to take profits at some point, if you don't your portfolio will just go up and down.
Try not to sell anything on red, and realize some profits. Title: Re: When the portfolio goes down Post by: BitcoinHodler on May 17, 2017, 11:51:53 AM prevention is better than cure!
in other words dump before getting dumped on. it is very simple, most people who lose money are losing it because they hold altcoins for too long. they all know what's coming to them but yet they still hold on to their altcoins tight because they have fallen for the hype. of course this partly comes from people being greedy and not satisfied with a small profit and want the most. just take a small profit and sell! when prices start to fall it is not easy to keep your cool. specially if you have a big amount on the line not something like 0.01BTC! and the bigger the investment the bigger the stress and harder it would be to control. so just don't let yourself to get to that stage. Title: Re: When the portfolio goes down Post by: nicolas1979 on May 17, 2017, 01:04:40 PM prevention is better than cure! in other words dump before getting dumped on. it is very simple, most people who lose money are losing it because they hold altcoins for too long. they all know what's coming to them but yet they still hold on to their altcoins tight because they have fallen for the hype. of course this partly comes from people being greedy and not satisfied with a small profit and want the most. just take a small profit and sell! when prices start to fall it is not easy to keep your cool. specially if you have a big amount on the line not something like 0.01BTC! and the bigger the investment the bigger the stress and harder it would be to control. so just don't let yourself to get to that stage. It meaning cut loss, never easy but have to be done. Keep calm and don't lose control, is better than hold too long. Try to take another altcoin for a new trade and strategy, so your plan keeps spinning and grow. Most people will leave this altcoin ( make your loss ) for temporary until they find the best moment to start again, never give up because of cut loss and keep trying. Realize the risk and deal it. Good luck Title: Re: When the portfolio goes down Post by: darthmaul on May 17, 2017, 02:03:42 PM I bought TRICK and AL at the rate of BTC 0.004500 and BTC 0.000199 respectively some 3-4 weeks ago. They got dumped and left with price equal to BTC = 0.0000001 that is just for their own existence. I have got like 5000 AL and 1000 TRICK's on my account. The amount is too much and I'm patient about it. I want them to increase anyway. The first thing I keep in my mind is that, they are already in loss and can not cause me more loss than this. Secondly the money I have invested in them are not in use by me as I have traded only the money that I don't want for my immediate use. So these two things motivates me to keep the patience and wait for that rise to happen. :D
Title: Re: When the portfolio goes down Post by: Graphics on May 17, 2017, 02:56:31 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? I'm dividing my positions with any altcoin up to 5% of my total trading roll. Usually ~3%. In case of dump, this allows me to not panic, but wait. It the coin hit the ground, count it as a loss an continue. But 3%-5% loss are not so painful for acceptance. In such case I'm just doing re-analyze why I bought the coin at the first place and then what happens before the dump. Title: Re: When the portfolio goes down Post by: Dr Charles on May 17, 2017, 03:00:14 PM I would say it depends on your trading strategy. If you are looking for short term moves on coins that have very little true value/innovations, you should set hard buy/sell limit orders to capitalize on profit and limit losses to try and take as much emotion out of the trade as possible.
If you are invested in a coin with good long term potential, enter small positions on dips and downturns to cost average your overall portfolio if you believe in the prospective future. Dont buy all at once though, leave some capital to purchase if and when there is blood in the streets :) Title: Re: When the portfolio goes down Post by: mobnepal on May 17, 2017, 03:08:46 PM There are few things you have to keep in mind to minimize your losses in altcoin trading;
1. Don't invest all of your bitcoin in altcoins, keep some bitcoin to buy few alts when they get massive dumps. 2. Don't sell on small price correction being panic 3. Don't Buy when some alts are pumping and are at peak price. 4. Don't put all your eggs in same basket. Title: Re: When the portfolio goes down Post by: stomachgrowls on May 17, 2017, 03:38:23 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? Seeing greens on your portfolio does really contribute some good feelings and motivations on trading but seeing them on red does really make us panic or confused on what should we do in able to cope up those negatives and if the times that you cant already handle it then you will surely panic sell thinking off on cutting your loses which isnt really ideal anytime we do make trades.Instead of panic selling better to hold it of and dont ever to sell on reds.When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? Title: Re: When the portfolio goes down Post by: Reid on May 17, 2017, 03:40:06 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? I did. Bought an alt for 2 sats before and tried to wait for it to come back to its real price but never happened. Altcoin investing is really about patience specially to those who just started after the ICO and are still advertising their coins here or outside. Better wait or if there will be a true news about them that it is coming to an end maybe that is the time you can somehow get the ROI. Title: Re: When the portfolio goes down Post by: BrewMaster on May 17, 2017, 03:52:21 PM use stop loss to prevent things like that. make decisions first then set the numbers so if and when price dropped your sell orders are placed automatically and without you needing to worry about losing your head and getting emotional :)
Title: Re: When the portfolio goes down Post by: qiwoman2 on May 17, 2017, 06:07:05 PM The best thing is if the alts you have go up, sell enough always to cover your initial capital cost for that alt, then you can hold long with ease if you know and have confidence in the coin or token. Panic selling is never a good thing. Initial profit taking is what you need to focus on and long term big profits.
Title: Re: When the portfolio goes down Post by: Sled on May 18, 2017, 06:08:44 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? I keep my self motivated by remembering the plan of the team for that coin and their projects that already have been done and i also look for the long term chart so i can see a great view for my coins. If ever there is a dump, i just buy them and i didn't sell my coins because i will rather hold them for long term than cutting losses and selling them.When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? Title: Re: When the portfolio goes down Post by: Idrisu on May 18, 2017, 06:26:13 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? If you know the rule of the games in coins market then you should not panic most at times. Panic is what cost loses. I got an advise from expert traders that, there is no death coins! That every coin has a cycle face and up and down. It depends when you enter into a trade or at which point you add the coin to your portfolio that determine if your will loses or succeeded.When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? Title: Re: When the portfolio goes down Post by: stergium on May 19, 2017, 11:48:28 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? Well before jumping in to the trading of the alts I had accepted that such things can happen to my investments or the portfolio so I have made myself ready for any loss. Everyone while coming to the trading comes with the aim to earn but to be calm you have to make your mind that in trading you can face situations and the same I was and it helped me to wait for the right time.When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? Title: Re: When the portfolio goes down Post by: bncbnc on May 19, 2017, 11:49:01 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? I'm dividing my positions with any altcoin up to 5% of my total trading roll. Usually ~3%. In case of dump, this allows me to not panic, but wait. It the coin hit the ground, count it as a loss an continue. But 3%-5% loss are not so painful for acceptance. In such case I'm just doing re-analyze why I bought the coin at the first place and then what happens before the dump. Title: Re: When the portfolio goes down Post by: clickerz on May 19, 2017, 11:53:59 PM When portfolio goes down, I am on alert of it. If it continues and there are negative news about it, I will slowly unload my holdings so that to minimize further losses.Sometimes I buy back again at lower price :) But as of now, most of the Eth contract Token are doing good.
Title: Re: When the portfolio goes down Post by: Sled on May 20, 2017, 02:58:49 AM When portfolio goes down, I am on alert of it. If it continues and there are negative news about it, I will slowly unload my holdings so that to minimize further losses.Sometimes I buy back again at lower price :) But as of now, most of the Eth contract Token are doing good. That is also a good strategy, sell low buy lower. Which is another type of strategy in trading and in fact, i'm using that method also because if i sell low and buy lower. I can buy more quantity of the coin and i will have more chance to get a high profits when the pump occurs, But if my altcoins are legit like ethereum, i will not sell those and just continue holding.Title: Re: When the portfolio goes down Post by: pooya87 on May 20, 2017, 04:13:34 AM loss will always be a part of trading, so you need to accept it and plan ahead. many use tools and features the exchanges offer such as stop loss to prevent big losses in case of big dumps but in altcoin trading the stop loss can be a bit tricky because the fluctuations are usually big and finding the price to place the stop loss at is hard. to this day i have not figured out the perfect method to do this for altcoins!
so i usually dump altcoins sooner than the end. this helps me make the profit and get out while almost eliminating any chance of my portfolio going down. Title: Re: When the portfolio goes down Post by: joshy23 on May 20, 2017, 06:33:17 PM When portfolio goes down, I am on alert of it. If it continues and there are negative news about it, I will slowly unload my holdings so that to minimize further losses.Sometimes I buy back again at lower price :) But as of now, most of the Eth contract Token are doing good. Good strategy to minimized lost. But I guess we all have to be alert and vigilant because the price movement is really unpredictable. I read one article about it saying before he go to sleep all the price where find but the next day bitfinex was hacked pulling btc price to go down very fast and the guy lost a lot. And also invest what we can afford to lose. Title: Re: When the portfolio goes down Post by: KuromaYoichi on May 20, 2017, 06:58:56 PM Uhh, the thing is you do some researchs about the project before putting that into your portfolio. If you rate the project good and currently undervalue based on your reseach, then you will have the patience and the mental to be alongside with your portofolio to the end. You believe that it will increase and stick with it, the only reason you will dump or sell it if you somehow lose faith in the project either because of the team or some unexpected thing.
Title: Re: When the portfolio goes down Post by: carriebee on May 21, 2017, 07:48:17 AM It is best to be wise if you are on a trade before you are losing much. If you think it will dump and already in a profit better to make an action. If you dont do that you will lose everything then. In this kind of trading its price is really volatile.
Title: Re: When the portfolio goes down Post by: raven7886 on May 21, 2017, 08:08:43 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? Most of the cases, I am not facing any downtime for my trading. Because I'm not dealing with altcoins in long term basis hence when I am facing losses with my altcoin trading, I just quit them at my stop loss levels. Similarly for my bitcoin trading, I am not at all finding any worries as I am always being ready to hold bitcoins for years.When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? The simple tactics I do follow is, I am not going for margin trading and investing into trading what are the amounts I'm having excess after my life's needs. Importantly I am not re-investing my profits but moving them into bitcoins in cold storage. Title: Re: When the portfolio goes down Post by: arwin100 on May 21, 2017, 08:56:06 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? It truly depends on what altcoin you are holding with since if you only have some shitcoins onhand well the thing you need tpo do is to dump it. But if the one you hold is starting up then suddenly dump due to the high rised of the price of bitcoins well provably i will hold it since theirs a lot of possibilities for this coin to soar high in future and it was proven by me really on the other alts and i repented to sell my behold potential coin for so early since it pumped so hard right now. Thats a big lesson to learn thats why I must hodl my alts right now. Title: Re: When the portfolio goes down Post by: Kevin77 on May 23, 2017, 08:15:09 PM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? It truly depends on what altcoin you are holding with since if you only have some shitcoins onhand well the thing you need tpo do is to dump it. But if the one you hold is starting up then suddenly dump due to the high rised of the price of bitcoins well provably i will hold it since theirs a lot of possibilities for this coin to soar high in future and it was proven by me really on the other alts and i repented to sell my behold potential coin for so early since it pumped so hard right now. Thats a big lesson to learn thats why I must hodl my alts right now. When we are heartfully accepting the general fact about trading : losses of part of trading, we never get panic nor disappointment. We can simply hold our faith on our skill to have better results in next attempts of trading. Title: Re: When the portfolio goes down Post by: Sled on May 24, 2017, 04:34:53 AM So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated? When your portfolio, the alts you own all or most of them take a big dump? Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait? It truly depends on what altcoin you are holding with since if you only have some shitcoins onhand well the thing you need tpo do is to dump it. But if the one you hold is starting up then suddenly dump due to the high rised of the price of bitcoins well provably i will hold it since theirs a lot of possibilities for this coin to soar high in future and it was proven by me really on the other alts and i repented to sell my behold potential coin for so early since it pumped so hard right now. Thats a big lesson to learn thats why I must hodl my alts right now. Title: Re: When the portfolio goes down Post by: pedrog on May 24, 2017, 10:28:33 AM Here's some motivation and great advice. :D
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell. so i've had some whiskey actually on the bottle it's spelled whisky w/e sue me (but only if it's payable in BTC) Title: Re: When the portfolio goes down Post by: wuvdoll on May 24, 2017, 07:02:55 PM Uhh, the thing is you do some researchs about the project before putting that into your portfolio. If you rate the project good and currently undervalue based on your reseach, then you will have the patience and the mental to be alongside with your portofolio to the end. You believe that it will increase and stick with it, the only reason you will dump or sell it if you somehow lose faith in the project either because of the team or some unexpected thing. I think the best thing to do is to go through a research work it will be better to go through a skeptical analysis as we have seen people who are sometimes overconfident on the decisions they make and this is what takes them to an end to meet loses. It is good to be optimistic but to be realistic is the best. So, act upon the real basis. |