Strategies for minimizing losses

[fiubit]

There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.

[martychubbs]

Very often it sounds silly when people are saying that I have lost some value of money, because I've been trading and I sold for less money that I could, I'm thinking that this is not a lost it's just a smaller amount of earnings.

[Jamboo30]

Thanks for your sharing about the strategies, I will follow it and monitor the result. The market is in downtrend and it is very difficult to find the good way to get income from trading or investing.

[pjr77]

The market is too unpredictable and you can never be 100% sure of your actions. I think that your strategies are used by many, but in fact they are useful only in theory, not in practice

[jawatulen]

the best strategy to minimize the loss is with stop loss
if not, when you see the price will be down deeper, you can sell your coins then buy again in the deeper price,, so you can collect more coins
after that, wait until the price make a corrections in down trend, then you can sell it,, so, you will make a profit in the down trend  

[tony kurniawan]

A good strategy to make a profit is to buy at a low price, be patient and be confident that bitcoin will increase. Hold on when prices are volatile as prices are definitely improving and could increase, and when a high price sells for a profit.

[shapegray]

I agree with all of that. Don't think that you get losses until you sell it. Don't make yourself panic with that. Try anything that has chance to get more profit. You must be wise in doing something.

[Geleve]

stop limits are one of the most useful thing that you can reduce your losses during sharp falls. because you can exit in the beginning of the fall and collect when price is lower. and it is very easy to use.

[Bilipus]

This is like one of the options, I would have left about half of my money in long-term investments, and the other half would try to trade on a daily decline and a rate increase.

[Haunebu]

Excellent post OP. I completely agree with you. One of the biggest tips to reduce losses in this volatile cryptocurrency market is to stop staring at the markets all day long and focus on HODLING instead which seriously helps a lot and reduces the pressure involved with this market. Diversification is another important tip which I always recommend to anyone looking at investing(Avoid over-diversifying though which could cause problems sometimes).

[RokokGudangGaram]

There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.

really well and my advice also do not ever panic with the decline of the market is getting down, because if we can control our emotions to continue to hold certainly can avoid the name of the loss. so good trading is like that before

[qazgroup]

If you really believe in your coins then i think their there is no need to cut losses as the crypto coins economy is designed as such to increase in value and demand overtime.

[jgaspar]

It's a great advice for me to take a break from trading because it is emotionally and mentally hard to be always in the trading condition, when your brain is filled only with the crypto trading related thoughts.

[gentsy brink]

I agree, in the world of cryptocurrency we must be more active in reading and analyzing the market. because we know that market prices are unpredictable and unstable. especially in trading, you should really know the right time to sell and buy coins in order to make a profit. it has to be done well if we want to get the profit.