Tips for when Getting Stuck

[Sum24]

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.

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.

I think safest strategy is trade with old coin like what you said. But in other case, loss management strategy must owned by traders so they can do something beside only wait their coin price back again.

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.

[neonshium]

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.

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.

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.