Bitcoin Forum

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 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.

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.

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.

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
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.

Having a floating loss is not a problem actually. As long as its volume is not huge

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.

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

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.

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.

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.

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.

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.

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 ;)

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.

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.

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.

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.

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.

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.

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.

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.

Just wait for it to be cleared out if I were you. Your aim was low and yet you didn't even get  what you want. That sounds frustrating, price may be low right now and if there will be a sudden huge movement on the markets trend, that 1% you are asking be getting a lot better.

It depends on you... Don't just consider about earning but you should also consider about losing, remember that trading is like a gambling (But a slower one) there's a risk about it and there's only out come earning or losing. You should consider and set mark when losing let's say when you lose 5% of your investment you're going to sell it (But it's up to you, you can hold it too) and invest to a new coin but most of the traders have different investments and not just focusing on one coin.

It's great that you're aiming for a low % but i suggest you should aim about 3%-5% or may be 10% of earning since 1% is really low but it depends on how big your investment is. Just don't forget to consider about losing and think what are you going to do when you lose... Sell it or Hold it.

No. I did not sell it in a lower price and then start over. But it is always depends on the situation. Like if the chart and your indicators are telling that it is going down and you are sure about it then you have to sell it and start over as soon as possible get back your losses. But there are some instances like my indicators are telling me in different time frame that it will still go up then I will still hodl it and wait.

You are impatient and I guess this is your first time trading. You should place an anti-hole order instead of waiting for its price to change, it will waste a lot of your time.
Find out about stoploss and how to order stoploss smartly, you won't have to worry anymore.

You mean your target price not yet reached or something else ? It is a very usual thing in trading and I must welcome you to the world of trading frustrations. DO not worry over the time, you will get practiced to these frustrations and you may slowly start seeing profits. Yes, trading is always a big test for our patience. Your orders will not get executed at your expected pace but at markets's own wish and timing.

When you choose a highly reputed asset or simply a highly daily volume producing asset, you may simply go for waiting and market will recover sooner or later. This way I was enforced to wait for weeks but I have other reserved capitals to continue my trading to achieve my weekly targets.

Uh for me i'll hold it since you said you are aiming for a single percent of profit then you must hold. You have the target price and if you can't pull it out with 1% then hold it a little while. You should try another coin to trade while holding the one that got stuck for a higher chance of getting a profit.

Fluctuacion of crypto is very high, so your target profit should be minimum 7% , and for stop loss should about 4%. Use stop loss is very usefull because crypto can be dumped just afew minutes. Never hold crypto without use stop loss because alot of people did it and they been loss more than 90%. 

Stop-loss may help you NOT to wait infinitely and also will help you to buy back at reversal point. But, I do trader BTC and ETH against fiats still I never prefer using stop-loss as I do not wait for big profits hence I am able to manage without getting stuck. Enter the position and wait for the minimum target prices to reach and book profits. That's all.

If we wait for days to week then anything may happen. Luckily I was not trading on the day when bitcoin was falling from $6300 to $3800 levels. If I would have been trading on that day, I might have got stuck on that day. Just trading for short targets may help anyone otherwise having stoploss levels will definitely safeguard ourselves.

That is why you need to have backup money to anticipate if the price is getting lower than your price bought so you can rebuy the same coin at a lower price. Did you use all of your money in one-time buy order? If not, then you can buy another amount with the same amount as the previous before so you can continue your trading. But if you all of the money, then nothing you can do except wait until the price can increase or you can cut loss the coin, but you will get a loss.

Being stuck is very difficult situation bro but of course for the safety of your funds or capital you should avoid being worried and buil a new strategy instead. Patience is very important also and don't become emotional on it just be brave! keep believing that you can exit on it with profits. 

In that case I prefer to wait until the value increase again however I have a back up plan everytime.

We know that we cant be so sure if our coins will went up in the price we expected.

So I dont stop in just 1 chosen coin, I prefer to buy different coins so I dont have to focus in just one so incase I cant sell I have other to rely on.

Emotional trading won't give us profit instead it will give us losses. Trading needs some patient and strategies to work good but if we are too affected of our emotions, it surely there is no good result.
At this situation, it is better to leave it for awhile and just set your desired price and just check few days after. Keeping our self in touch with our trades during bear season, will affect our trading plans and strategies. Better to stay calm.

- Indeed, being stuck is always a situation that makes us feel confused and worried but as you say, instead of trying to create pressure and negative emotions for ourselves, we should maintain calm and patiently seek the right method for this situation. If we analyze and realize that everything will be good someday, we can hold and wait but this method will take a lot of time and sometimes the result will probably be a bigger loss, another method that I think people often use is cutting loss, it seems to be more appropriate, although we may lose but we will not waste time, taking advantage of opportunities in the market.

On what exchange you were doing this trade?

If it is an exchange with extremely low trading volume then you need to hold on until it happens or just sell at the what price people were asking for and you can find the trade orders at the exchange and the price your trade accordingly.

It will depends on your strategy and how good is your coin, we need to see the potential of the coin and the market situation, if you choose the correct coin usually 1% is easy to obtain, but for this bear market it might be a bit risky, for me if the dropping is not too big I will just leave it and just wait for the price to go up

If you want to be the greedy type, I will advise you to keep holding and wait for it to take your target profit but it’s best and safer  to use 1 stone to kill 2 birds, why not keep holding and at the same time set your stop loss, If you don’t want to be the greedy type, take your profit already and start over again even if it’s not up to what you targeted, no profit is too small for day trading, imaging you take such profit like 10 times a day, isn’t that more than the set target already?

But do you keep holding while waiting for such type of events you mentioned in your comment and it never comes, I don’t think it best to keep holding for short traders.

No matter how bad it is, there must be a fluctuation in price a day for that particular day, holding and waiting for such events is good for a long term investors and not day trader and I think the author of this post is a day trader because the post doesn’t portray him as an investor. I day trade a lot and once I see that a price gets stuck too long, I sell and start again.

If you have enough knowledge about day trading, you can earn good money by buying and selling it correctly but if you don't have enough information and you want to deal with it, it will be more logical to hodl your money.

Traders must know what to do in trading when they get stuck. ANd each trader have their own way to get out from that. Maybe if that man is skilled enough he will think like you but if new trader, especially who don't know about it, they only can hold it.

You are trading and don't need to wait for someone to make an order at the specific price you targeted, so if you haven't gotten lost already, the best thing to do is to cancel the order and look for another coin that would be able to give you more profit than what you where actually expecting in the first order you placed.

Learn to be smart and watch the market closely so that you won't lose money unnecessary.

You placed a trade? Can you say more about your trade?  For example what did you buy and with what? At what price did you bought exactly? There is a lot of difference in what should you do if you bought bitcoins and if you bought some token that is very low ranked on coinmarketcap?
Giving advice is not a problem, but you need to be much more specific about your situation, more specific and detailed you are, more chances for you to get some very nice advice. Like this what ever I tell you to do would be idiotic from my side, I don`t know enough and it can easily happen to tell you something wrong, cause I didn`t know everything. It`s like equation x + y = z, more factors you know, more easier you fill find an answer.

let's go back a bit to the past

January 2018

Neo = $150 ( 0.013 BTC )

Today: $8 (

December 20, 2017

BCH = $4000 ( 024 BTC )

Today: = $127 ( 0.0337 BTC )

January 2018

Stratis = $20 ( 0.0013 BTC )

Today: = $0,8

January 2018

Lisk = $38 ( 0.0023 BTC )

Today: = $1,21

You should be very careful with altcoins, if you do trade Bitcoin - USDT so do not forget to use Stop Limit

When you can't find the trades for your profit level then you should lover your price based on the buy order on that exchange ir if it is big amount then you can check some other trading exchange for the current price.Or just keep the trade open if you don't want the profits immediately your trade will completed when your coin get that much price.

This is usual and often we have to face this issue. What we so is, hold back until the value raises up. But if you seem to be loosing so much, its better to stop the loss. Take revenue from another coin. At times we need to ready to bear loses.

fair enough. yes, give us more details

You should sell them. Because you didn't trust your decision. The wait makes you more anxious and frustrated. Don't let emotions make you change your mind.
When investing, you need assertiveness and take responsibility for your predictions. that is the quality of a successful investor and you need to learn more.

In my opinion, you should not worry at least about this side of business. The cryptocurrency business is extraordinary in the sense that it recovers after staying down for sometimes. So, your attitude towards the fall of the cryrptocurrency should not be chaotic and rather should be a rational one.

If you hodl and wait, you can get the value raised again. Do not follow people who cash out the money when the price starts falling. Do the opposite.

I just hold on and wait for sometime to get it connected with the situation and makes the decision after that because if you make the dishes with blind eyes then it will definitely be a problem giving way so I just hold on for some time will be better for me.

Did you know that recent Ethereum hardcore didn’t show much changes?

Holy cow! Where did you get info tho?

Here you go:https://t.me/velvetbroker

Thanks a bunch

If the loss price isn't that much then pull out your money and change to another coin. At least you get to take out your money even though it has some missing money to it at least it didn't go all out i meant you didn't lose it all. The chance of getting a 1% win is high. If that coin is reliable enough don't take you money out instead hold it as much as you possibly can.

It only mean that the coin you are investing is promising so if it is the scenario then better hold that and OP should cancel the sell order because what he would get is much higher than that. I've been on that situation before and got frustrated why i sold my coins for a loss instead of just leaving it there and wait for a higher price. Time and patience are big factors on this trade.

That's prettu normal, in crypto boys always a step ahead of you with fractions and there less volume or selling pressure is on going your order takes time to be fullfilled, if it's volatile still you would have no problem executing your trade, just be a little extra patient. Unless it's a trend the you might need to reorder but that's exactly how trends are slowly strengthen

it depends not all trades situation are same , some may hit target some may not if you are confident in your analysis and positive then wait , or else close the position and search for new trades

Why you will sell it if that is still not your target? Is your chart invalidated? You should have reasons for selling it before you open your trade position, you need a plan, you will set your target price or stop-loss area. If you were getting stuck, then that you are in loss area, you should always your stop-loss always for that.

It is best to divide your deposit into several different cryptocurrencies and then the expectation will not be such a debt, but in trading you need patience, and it is always rewarded until the market grows very fast and you can make a profit for a few days

Lowering of price sometimes can actually make you feel bad when you see your adjusted price blowing up or requested for almost immediately  ;D

I don't like to have such feeling, I rather close it up for a fresh order.

You should to have an exit plan for that, you can't wait for a period of time that can't be known to holding it right?
You are a trader and you have to take risks to do cutlose, that's what you have to do when you're stuck in certain market conditions..

Instead of starting a certain action or certain decision for our investment immediately, we need to slow down, using a little time to review and analyze what we are facing, time and calmness will allow us to recognize the best options. And then, as you say, if we don't have too much loss, think about stopping and switching to other investments, limiting bigger losses, but if it's a big loss, we need to calculate the recovery or accept a big loss depending on our analysis.

Not getting stuck will be depending on level of your trading ability. If you are a good trader than you can sell and than rebuy and do many trades in between that will make you profit in the end which is what you should do, however if you are a bad trader than you will buy from high and than sell from low and as soon as you sell it could go up and than you just lost too much money.

So, if you think the coin is not going up anymore and will not go up anymore than selling is a good decision but if you think its not going to go up anymore and it does that means you are not the type of person that should do trades in between. Just hold and wait until the price reaches to a point where it is profitable for you again in that case. I am for example not a great trader so I just buy some more to drop the averages and wait until I have a profitable position.

1 percent? Are you kidding me? You are wasting your gray matter and effort. Never invest with such a small interest rate. It only makes you become more tired and stressed. instead of blindly investing, you should observe the market more to find altcoin that can help you get 10% of the profits.

Getting stuck isn't not a problem mate because indeed there's always a way to exit without any loss ,such holding and waiting for the right time until you achieve your target. Patience only is a must! Because that is the only choice rather than selling which a big mistake because it's just a temporary situation and not a big deal! yes everything here is temporary so take a break as long as you can to avoid being greedy and hasty because it will be fine soon just relax and keep believing.

Lol. Ever heard of stoploss? Kidding aside bro, if you're going to go for small profits on daily trades, stoploss is one of the most important features that you have to use. And your target of 1 percent is i think a little too conservative. Since it's already there, might as well wait for it to recover since we're not in the bear market anymore. And then learn from your mistake 😁

Its a big challenge for us if when we are in critical stage but we don't know what we have to do. Some of us might be committing into suicidal by selling their coins in a low without realizing that they are losing from that. Cause they just in their mind that this is the only way we could save my money rather than of losing all of them, which is they have that point also and we can't blame them either.

did you analyze it before? Or did you listen to other investors?
If you listen to other investors and invest in them, you will surely fail in this deal. Please withdraw your capital and create your own strategy. At that time, you will be very confident and will not be as worried as it is now. trust me. ;)

You are right, since the OP is a day trader, it would be best to close up the trade and avoid unnecessary uncertainties since the percentage decrease is still quite low, I usually advise long-term trader to just hold since they have nothing to lose but not for day traders, especially the ones trading with margin.

It is also best to always study the technical analysis first before placing an order, while the use of stop loss shouldn’t be far from one’s trade, doing this is quite tensed and stressful, especially when you are trading in a market that cannot be fully predicted, that is why I font blame people that employs the service of a bot to ease them of all these tensions.

I think that you just risked yourself out of that trade. I mean, for just 1% profit you trade how much? If that's big I think you shouldn't have done that trade at the first place.

In this situation we need to be very careful to handle because there will be lots of options are available to get our next move at that time for this situation we need to be more intelligence without any disturbance in our mind then only you can make your next move with the proper things for your future.

It is better he stays on 1 percent if that will guarantee his winning than to trade 10% and lose completely, setting these low percentage for both stop loss and take profit is actually not a bad idea for a newbie, I percent can also be best when we are experiencing a fat fluctuation of price.

Do you know how many time price fluctuates to 1 percent in a day before reversing, if he sets his trade on 10%, what if the market never touches that 10%, it means he has wasted his time and effort for that day but 1% increase is very sure and could scalp several times a day to meet that 10% target rather than waiting for a single trade to bring it.

I am agreed with you that if anybody invest with another person's strategy, really the confidence remain very low in the trade. Always feels hesitation. But if I invest with my own strategy then the confidence become Strong. I ownself is the example of that.

Depending if you are a swing or active trader.10% for long duration and 1% for shorter ones but these percentages would depend if you do set stop losses or just left it open.
Tendency of hanging would be always there thats why it would be ideal if you dont set out stop losses if you do go for long. 1% volatility is very easy to hit up and even earning profits.
10% on a single day is plausible with compounding with those 1% adding up.

IMO,you just have to wait when the prices of your coin decreases than your desired target price,lowering the price is just going to make you in loss.You can lower your price if you want to use the lower volatility of the coin you are trading.I think 1% profits will be reached in less than a day even if the prices decreases so you just have to wait and sell at the desired price which patience is enough if you want to trade for too long.

That is true, we need to also keep in mind that we will be held responsible for every mistake and every achievement, if we follow other people’s opinion and it backfires for us, we cannot hold them responsible, we can only hold ourselves responsible and since the blame will still be on us, why can’t we just take the chances and follow our own strategy, but before we can rely on any strategy that comes through us, we must have ensure that we have full knowledge of the trading system so that we don’t end up guessing or gambling with our trade.

We need to go for the complete knowledge personally and attach our own strategy to out trades and which I believe individual strategy works better.

If you have waited for a long time and the order haven't been filled, then check the market to see the direction the coin is heading too, if it's going down, then it's best to cancel the order at once so that you don't end up losing a lot of funds to something you can avoid by your own self.

I don't think anyone need to give you any tip before knowing what to do when your order isn't filled, unless you are new into trading and never consulted anyone before going into it, which would be the worst decision to ever make.

my simple opinion is waiting for the good chance to get out from the stack is always better because if you try to get out from this will not be possible in all the time so using the right opportunity will give you the success all time.

Most probably I would stay until my trade gets cleared. But, it will depend on the project. If I have confidence in where I invest my money, it will come to the desired exit point one day or other. Be sure to invest your expendable money in trading that's how you could avoid selling in loss too early.

I think the clearest choice is to wait if you are stuck, after all if you sell when you are down and it goes up you are going to be really upset and it has happened to many people many times before.

There are thousands of people out there who bought high and then sold low and the price went back up, even if it didn't back up as much as they bought at least it went up from the point they sold, so say you bought bitcoin at 20 thousand and it dropped to 3 and you sold at 4 because you are done with it, now its over 5, you are still not in profit because you bought at 20 but at least its above 4 so you could have made less loss. That is why I think as long as you do not need money for something urgent you should totally hold it as long as possible to see how high it can go.

Irrespective of the coin one is trading, whether we have assurance of its exit point one day or not, the strategy used in trading matter, this strategy of your only works for those that place simple order without using available tools like margin trade or leverage trade. Imagine someone using a leverage trade, even if he has the confidence in the future of the coin, he cannot leave his trade to exit at any point, the trade must stop in minutes or hours, so for those using leverage to trade, they must always clear trade to avoid losses that will be beyond their controls.

If you really need advice you could have tell us the coins you are trading on and we could have let you understand if that coins will grow in some hours to come through technical analysis or technical indicators.  But you still have one thing which you can do and that is patience and hold a little if you know it is not going against you too far.

This is good to stay with your investment and never get worry if you ever suffer or have to face red market, this is a chance when you can have huge amount of coins to invest but never lose your hope, trading is truly beneficial but we will have to remain good with the market and never give up on your skills so that you will have profit at the end.

Considering the fact that the profit for a single transaction was only 1% I think it would be better to sell that and move on to other transactions so that you recover whatever you lost there. Trading is a place where you have to take quick decisions so waiting for a longer time than you firstly expected will only lead to a bigger loss most of the times.

Everyone can have a different method of making a profit meaning that it's never the same. For a decade, value fluctuations have become one of the most popular investment techniques in the crypto market and other markets. We can see this fact from some rich people who have won their wealth even though they only use this method. In simple terms, the benefits of value fluctuations can be obtained by buying when prices are low and selling them above the purchase price (trying to find the best price).

Too hard to tell if you should cut lose or do keep it hanging because not all projects do really have that kind of potential of recovery or would still takes time thats why it all depends on your own view and
belief with that coin you are trading.If it didnt able to hit up your target then you will really be on that waiting game but its up to you if you cut it out or not but im sure waiting for this recovery or target is way too stressful which you should really be aware on that one.

The very definitions of trading is to take advantage of having it when the value still low and sell it out when the time you've seen that there's increase already, someone will win the calls while some will lose the position and needs to wait again, in your case OP you need to think wiser, if you already seen that there's no way that the position you have can be triggered and the situations is beginning to lose its grounds, take it out with some loses and try to find another moving coin that will allow you to recover your loses.

Your TA will tell you what to do. If the market is clearly going the other way, then it is better to cut your losses and start all over. If it is not, then wait for your trades to clear. It all boils out to how confident you are about your trades.

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

This is the first thing that needs to be out under consideration if the project behind particular coins is good or weak. Invest only when you are satisfied because in the days to come, when the market is irresponsive, you could get stuck as well. So having said that, and when you have invested in a coin that has a best project, hodl when you think you are stuck because the market is not very quick to respond always as we have seen in case of Bitcoin.

If you are in profit you can sell before the dump in your buy price and or you need to decide wether to take the loss in a identified resistance after a bounce but never to sell in the support area. It happens in all traders but the way we react differs, some other use stop loss , wait for a clear breakdown or any reasons that they have. What i do is always having an stoploss and in a bad market i play a quick scalp only i have risk reward % in every trade.

See dude if you know the trick of having patience,  then you can really win the world.
I mean just look if you know when to trade and what to trade,  then it really can make your work easier.
If i would be there in your position,  i would haven't invested in that coin only.
You need to be wise enough to know when should you invest and what you should invest.
Hope you now get this.

Buy more on next support x2 more than on first trade, in that way you could lower your base price and make your position below resistance. And place sell order on that reisistance. If trade does not go well this time, you should buy more x3 on next support. This is my strategy, and works better than stop loss, at least in my situations. I hope that you did not go all in one trade like kamikaze.

- Indeed, we cannot give any direct advice to him because we do not know too clearly about the project that he is investing, and even if we know about those projects, we still can't decide for him when this is his choice and problem, he should hold on or wait, depending on his beliefs and what he calculates. And although we cannot provide direct advice but we still have small and useful advice on this issue such as calm, not in a hurry and use the time to analyze, don't believe in others' decisions, they are not people who will be able to lose in this story, their decision will be very subjective

I don’t like the idea of stop lose because for it you will have to sell your investment to avoid to more fall of price, try to maintain your own mental stress and be sure about what you are thinking, if your thinking is right or not, so if you get stuck you will have to wait with patience, as crypto currency has volatile nature so price fall will be recover very soon.

if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss
but if you want to be patient and you buy potential coins then holding it is a good idea

Like he said, one needs to first understand the project we are investing into before making any attempt to invest, cutting losses is not a bad thing, we have some coins that many investors has mistakenly invested in based on the promises by these developers without researching on them, and when one have realized he or her mistakes on the project, then the best would be to cut losses by selling it off.

We can only be comfortable and rely on coins that have proven themselves strong over the years. i.e bitcoin and ethereum, those ones, we all know their future and it we will have more patience in holding those to others.

The best option for an economically rational individual is to hodl and not chose the cut loss. This is because there is simple no profit in the cut loss option and you will get a negative profit or loss which I think should not be the end. There have been people with great value lost in the bear market and they have made big profits by holding and waiting for the rise in the market.

Well, sell at loss is sometimes and option if you know what to do (like to add your capital to buy a token that you already know it will grow up). But if you just sell them off because you can't wait to get a profit, then it's totally a wrong action.

Good idea it is not good to trust new projects because we know trading is all about knowledge if you have knowledge about the coin you should trade and you will never get stuck, but in case if you get in worst condition try to wait with patience; never sell and let things get better in your favor, so that you will be safe from lose.

Yeah that could be one genuine reason to sell off at loss to reinvest the capital in another asset if you see profit in it in days to come. I think that people do that but yeah, if you have already invested in one capital, you would have researched about it as well which means that it will grow and could gain value. It is normally good to go with a coin you have researched about and invested in. Leaving one investment in the middle without gaining profits from it sounds a bit immature.