Loss almost 40%, should stop trading or not ?

[DARKHOLDER]

You only lose when you stop trading, trading can't be always profitable, sometimes you have to lose money and this is very normal in trading and it gives you experience.

Yes losing is always normal in trading but imagine, he lost 40% in trading. So if this man continues trading, there is no doubt that he will lose more. Maybe not stop but pause of trading will be better because there are many demo platforms where you can to learn or improve your trading skills.

There are things which arent really for ours no matter how hard we do try and sometimes deciding to quit isnt really bad at all and there are times that our instincts do really tell us on what to do that we do see its the best way to be done to avoid such more lose further more. Some may say that he must proceed even more but its his decision and we cant really stop it.

That is truth, there  are people who are not meant for something that they want to do but they can still make it work if they will just learn from their mistakes because all of us, do mistakes and the only thing that we need to do with those mistakes is to analyze and try to learn something from it. Trading will never make your life happy if you are not serious with it.

We all should learn from our mistakes and treat them as our lessons rather than regretting over them. I don’t believe that trading is not for everyone. We all have got different potential of doing trading and those who think they are bad at trading, can learn it with some sincere efforts.

No one is perfect. Even those who are expert in trading now a day were once just the beginners and had committed mistakes. Mistakes and wrong decisions give us experience. They indicate that person is struggling hard to get command over a particular business. As far as trading is concerned, yes! Anyone can go for trading.

Agree for that..especially at now when btc rise alts go down...but think if they go down...then someday they rise...dont panic..

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[JRoa]

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

No. Do not stop trading. That is part of being a good trader. Control your emotions.

[nexus99]

Patience does the trick when you want to trade. Right now you are panicking and are fed up with everything. What's the point of selling now when the price is going down? At least think logically and wait until it goes up again. Or at the very least close the deal with zero profit. Your emotions are perfectly understandable, but please stop to think.

[Apened]

Patience does the trick when you want to trade. Right now you are panicking and are fed up with everything. What's the point of selling now when the price is going down? At least think logically and wait until it goes up again. Or at the very least close the deal with zero profit. Your emotions are perfectly understandable, but please stop to think.

Patient is the number 1 key to success in every trade but not all coins are worth the patient it must be on right coins and right timing so adjustments is necessary . It is ok to think but what is not okay is to let your emotions decide for you.

[matchi2011]

Patience does the trick when you want to trade. Right now you are panicking and are fed up with everything. What's the point of selling now when the price is going down? At least think logically and wait until it goes up again. Or at the very least close the deal with zero profit. Your emotions are perfectly understandable, but please stop to think.

Patient is the number 1 key to success in every trade but not all coins are worth the patient it must be on right coins and right timing so adjustments is necessary . It is ok to think but what is not okay is to let your emotions decide for you.

There are people who are patient but are easily rattled when under pressure especially when it comes to their money. Losing 40% isn't a good experience when you're starting to trade as it may be the influence your decisions moving forward.

[rekinthis]

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

Just don't sell if you see that coin that you bought started to crash down. It's same as to buy bitcoins for 4500$ tell sell them for 4000$ and buy again for 4500$, it's just not worth it. If you aren't patient enough to keep your coins without fear, it is better to stop trading. You still have that 40%, just trade them into bitcoins and withdraw them.

Thing you can do is to keep few $ in exchange and train to trade with them, as probably you didn't have enough time spend trading, so with these few $ you will learn how to trade so you could try again later with more money.

[Celebrity]

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon.  

Marin trading is about the worst thing you can do in this business.

Margin trading is not the worst thing because if you know how to do margin trading then you can easily make a thousand of dollars by just doing that. Margin trading is one of the fastest way to grow or to earn more money in the market of cryptocurrency but it has a very high risk that can easily get your money so study about it first before you do it.

I stay away from margin trade beucase it's difficult to make profit from it. It can easily diminish our money in seconds or minutes. Altcoin and bitcoin trade works for me, but I always set up stop-loss orders after I enter a position. If you lose in a row, just stop trading for a while and relax. Never foret to use top-loss order.

[Questat]

Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

Hell stop yeah! 40% is a lot... just buy and hold for now because your emotions are as bad as your ex's *just kidding*

If you have btc's left in your wallet, put it in bitfinex and lend it to the margin traders. your 40% loss would be recovered soon.  

Marin trading is about the worst thing you can do in this business.

Margin trading is not the worst thing because if you know how to do margin trading then you can easily make a thousand of dollars by just doing that. Margin trading is one of the fastest way to grow or to earn more money in the market of cryptocurrency but it has a very high risk that can easily get your money so study about it first before you do it.

I stay away from margin trade beucase it's difficult to make profit from it. It can easily diminish our money in seconds or minutes. Altcoin and bitcoin trade works for me, but I always set up stop-loss orders after I enter a position. If you lose in a row, just stop trading for a while and relax. Never foret to use top-loss order.

I guess that is only good for experience trader, personally I never did that although sometimes I am tempted as I hear in our group
chat of traders that they can make easy money with margin trade. Poloniex has that feature but never tried that, maybe when I improve much I would.

[Mockroach]

My brother, I started losing a lot on bitcoin futures, then I said no more, and just hodl'd. Now I have more money than before I started losing money on futures. Just HODL.

[lemipawa]

There are more people out there who are like you and lost 40$ or even more of their invested capital in trading but they did not give up in trading but instead they learned from their mistakes. This kind of mistake maybe costly but the returns if you learned about it is promising. Try follow in twitter whose who are followed by crypto traders and you will learn a lot from them but its up to you to follow their signals.

[sumangs]

You need more knowledge in trading since losing that percentage concludes that your trading skills are novice but it does not mean that you need to stop. You also need experienced to level up. Maybe you just need a little hiatus and make a plan on retrieving the lost money.

[flower1024]

You need more knowledge in trading since losing that percentage concludes that your trading skills are novice but it does not mean that you need to stop. You also need experienced to level up. Maybe you just need a little hiatus and make a plan on retrieving the lost money.

The loss is common in every business. So we don't give up. If you lose in gambling, I will also support you to stop because gambling is not a way to make money. But trading is a good way to make money. Don't give up easily. Try to get back your loss in the same trading. Still have remaining 60% amount right. Now invest it and make a profit.

[sensimilia]

Some would say trading altcoins is the gamble.. bitcoin trading and altcoin trading have big swings, so it arguably is all a gamble

[princerepon]

Seems like you have no patient. If you want some profit from your trading than hold your coin and sell it when it's bump. There are many way to profit from trading. It's depends on you which you'll decide. In my opinion research those coin which are new in market. Because there is lot possibility to bump those coin which are new in market... BQX, ZEN, XRB, ADX is one of them...

[smile1218]

That only shows how strong is your tolerance in taking risks. You should follow the rule buy low and sell high. You have to be patient and if I were you i will invest in recommended Alt Coins.

[ethereumhunter]

That only shows how strong is your tolerance in taking risks. You should follow the rule buy low and sell high. You have to be patient and if I were you i will invest in recommended Alt Coins.

before we buy low and sell high, the most important is we need to analyze the movement of the coins because if we made mistake, then we are getting shocked when we know that the price is down more and even its too deep from our prediction/analyze. i have this experience in the past and until now, sometimes my analyze is not always correct because the altcoin movement can not be predicted.

[mirakal]

That only shows how strong is your tolerance in taking risks. You should follow the rule buy low and sell high. You have to be patient and if I were you i will invest in recommended Alt Coins.

before we buy low and sell high, the most important is we need to analyze the movement of the coins because if we made mistake, then we are getting shocked when we know that the price is down more and even its too deep from our prediction/analyze. i have this experience in the past and until now, sometimes my analyze is not always correct because the altcoin movement can not be predicted.

Nobody can do that, we do not need to be perfect, all we need is just to make a right prediction most of the time.
It's like gambling and we should predict the right movement in order to grow our money, it's hard but you will get used to it and eventually improve your skills in trading as you continue to develop your skills. It's not impossible because there are other people who are making good income in trading, so I would recommend to focus on this rather than hoping to win big in gambling.

[Willitivity]

Trading is a game for the "patient hearted", patience is an essential virtue for trading.
And more so before buying any Altcoin Check very to ensure you're not buying a coin that is on PUMP.
Buying a coin on pump, you have signed up.to be 'Burned'.
Learn to buy low and hold over a period of time it can be for months as the case may be.

[Malsetid]

Trading is a game for the "patient hearted", patience is an essential virtue for trading.
And more so before buying any Altcoin Check very to ensure you're not buying a coin that is on PUMP.
Buying a coin on pump, you have signed up.to be 'Burned'.
Learn to buy low and hold over a period of time it can be for months as the case may be.

Lol that's exactly what i was doing the first time inwas trying to trade. Buying while a coin is on pump. Also believing on trolls in the troll box. Save yourself from stress and anxiety. Its true that patience is probably the most important aspect when you trade and that is developed by practice and experience

[Fatunad]

Trading is a game for the "patient hearted", patience is an essential virtue for trading.
And more so before buying any Altcoin Check very to ensure you're not buying a coin that is on PUMP.
Buying a coin on pump, you have signed up.to be 'Burned'.
Learn to buy low and hold over a period of time it can be for months as the case may be.

Lol that's exactly what i was doing the first time inwas trying to trade. Buying while a coin is on pump. Also believing on trolls in the troll box. Save yourself from stress and anxiety. Its true that patience is probably the most important aspect when you trade and that is developed by practice and experience

I have commited the same mistakes too when i was still a newbie on trading world on which i did buy always on a pump and selling it on a dump which is really frustrating but having this mistakes would really serve as a learning thing for you on which you would able to realize later on that we should not do the same mistakes back in the past which is really a good thing for us to accept mistakes and learn from it.