Loss almost 40%, should stop trading or not ?

[Backupnime]

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?

if you trading using emotion, the best choice you just stop it, trading needed psycology management.

[1715365918]

1715365918

[SokrieeE]

i suggest to take a rest for one week \ month and study carefully your trading history for every coin invested at then state mistakes and find the solution for that . believe me many loose everyday and many win because it is unpredictable .

[Koontas]

Sounds like you should stop trading and start hodling fundamental interesting coins by buying in early stage or ICO phase. Or set stop losses when trading.

[Casdinyard]

I think you need a break brother. Your mind right now isn't functioning well. You have a lot of thoughts, better pick it up and come back when you're full again. In the mean time, study your trading history so you'll know your weakness and strength. Learn from your mistakes and avoid doing it again. Money is money so its a big deal if we lose it. And also just be calm when trading so your emotion will not rise and study the market very well. Putting up a limit or target into price will also help you as you can avoid to sell in low.

[Sled]

Sounds like you should stop trading and start hodling fundamental interesting coins by buying in early stage or ICO phase. Or set stop losses when trading.

A 40% loss is not much for a trader because he can recover those losses if he will try to trade carefully and only to those legit and stable coins. Trading is not about fast profits because it is like working on a regular job, you need to slowly do it in order to get a reward or salary at the end of the month so if you want to recover those losses then you should start it slowly again.

[TravelMug]

Sounds like you should stop trading and start hodling fundamental interesting coins by buying in early stage or ICO phase. Or set stop losses when trading.

A 40% loss is not much for a trader because he can recover those losses if he will try to trade carefully and only to those legit and stable coins. Trading is not about fast profits because it is like working on a regular job, you need to slowly do it in order to get a reward or salary at the end of the month so if you want to recover those losses then you should start it slowly again.

I think he should just take a break from trader and go on the drawing board and see what is wrong with his trading that made him lose 40%. And then go back again and try not to make the same mistakes. Trading is really a hard job that's why we see a lot of them quit because they are very frustrated for not seeing a good profit as expected. So for me, you can still go back in trading but this time don't be emotional and really research a good coin to put your capital and do trade small amount and see how it goes again. I think you just need a good coin to begin with and see profit and that is enough to get back at it again with gusto.

[Tungsten-1]

I think you need a break brother. Your mind right now isn't functioning well. You have a lot of thoughts, better pick it up and come back when you're full again. In the mean time, study your trading history so you'll know your weakness and strength. Learn from your mistakes and avoid doing it again. Money is money so its a big deal if we lose it. And also just be calm when trading so your emotion will not rise and study the market very well. Putting up a limit or target into price will also help you as you can avoid to sell in low.

yeah you are right, taking I break will refresh your mind, and then his 6th sense work properly and he can easily predict the graph movement, In starting I was lost almost 30% in trading but I never give up I learn from losses and realized my mistakes and then I step back into trading and know I get pretty much profit from trading and also spend my bitcoin time by time, becaue I don’t have to worry about my bitcoins now.

[mobilestrike]

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.

Don’t stop trading if you had a loss of 40%. Loss and profits are there when you are trading. Prices gets high, sometimes they plunge at once. What you need to do it to make a strong analysis of the marketplace and price charts like said here. Having strong critical thinking and strategies you will be in race to get profits. Don’t be disappointed and leave trading. Learn from the mistakes you did, cover up and make a new start.

[Champ1]

just got to put your emotion aside, a lot of new people buy high sell low

[cluit]

just got to put your emotion aside, a lot of new people buy high sell low

Yes! Many others are victims of these losses. There is nothing to take on heart rather they should treat these mistakes as lessons. Trading is not for everyone and if you are not good at trading don’t be sad. I am myself not doing great with trading, so I shifted to long term holding of bitcoins for making great profits.

[Om.monata]

losses of up to 40% for a while better stop first. finding and thinking about how to get 40% loss will be better than having to stop forever.
but back to themselves whether it is still trying to get the mdalnya back or give up.

[Sled]

just got to put your emotion aside, a lot of new people buy high sell low

Yes! Many others are victims of these losses. There is nothing to take on heart rather they should treat these mistakes as lessons. Trading is not for everyone and if you are not good at trading don’t be sad. I am myself not doing great with trading, so I shifted to long term holding of bitcoins for making great profits.

Indeed, we should treat those losses as lessons so we can have a better outcome in trading because if we are going to take some lessons from our mistakes then it will become a good step for getting success because only mistakes can make us better and mistake is a sign that we are really trying to become the best and if you are not good in trading then don't give up and keep on trying.

[diguyo]

Personally, if I have a coin that pumps over say 20%, I'll sell it. I'll let it stabilise a bit to see if the pump is over and then I set my stop/loss or duck out straight away.

I prefer to buy 'big' coins that have made a recent loss (for example, down 15% for the day). For example, XMR, MAID I bought when they corrected - all up handsomely now. XRP recently because I think it's really low right now.

You need to take that emotion out of it though and never sell because you lose patience. Remember that in a lot of trading cases you're not losing your FIAT, just some BTC - ETH might be down versus BTC when you bought it, but it's actually up against USD. So, while it might not sound like a great trade right now, it could be a lot worse and isn't really worth selling out low on. ETH at 0.13 wasn't what it's worth at 0.08 - it's all perspective. I guess what I'm saying is, don't panic sell, hold - you coin will have its pump, its hype or some news at some point. Providing you bought into it for the right reasons, believe in the tech, the roadmap, the team, community etc. then embrace it. Set your stop/loss if you really can't afford it, but then I'd advise you not to day trade if that's the case - just buy BTC and hold.

[Koadharber]

just got to put your emotion aside, a lot of new people buy high sell low

Yes! Many others are victims of these losses. There is nothing to take on heart rather they should treat these mistakes as lessons. Trading is not for everyone and if you are not good at trading don’t be sad. I am myself not doing great with trading, so I shifted to long term holding of bitcoins for making great profits.

Indeed, we should treat those losses as lessons so we can have a better outcome in trading because if we are going to take some lessons from our mistakes then it will become a good step for getting success because only mistakes can make us better and mistake is a sign that we are really trying to become the best and if you are not good in trading then don't give up and keep on trying.

But if you do try to look at on op's situation its 2 years time and i would say its just enough to make such decision and im sure you do already learn on those years that you are trading. This is why its not really bad to quit if you saw that its not really effective no matter what would you do and learn. There are really things which isnt really for us.

[--DarkSecrets--]

losses of up to 40% for a while better stop first. finding and thinking about how to get 40% loss will be better than having to stop forever.
but back to themselves whether it is still trying to get the mdalnya back or give up.

Yeah.  and its part of growing were you can see a pro trader that he or she doesn't step on the road that he almost lost his money not only 40%. We all step and face struggles in particular in trading which is not truly easy and stoping for a while will be a help to cooldown your mind and emitions to a better after incase you realize and spot your mistakes.

[gabmen]

losses of up to 40% for a while better stop first. finding and thinking about how to get 40% loss will be better than having to stop forever.
but back to themselves whether it is still trying to get the mdalnya back or give up.

Yeah.  and its part of growing were you can see a pro trader that he or she doesn't step on the road that he almost lost his money not only 40%. We all step and face struggles in particular in trading which is not truly easy and stoping for a while will be a help to cooldown your mind and emitions to a better after incase you realize and spot your mistakes.

Right. Hopefully that 40% is of a small amount only becuase you're just starting. People can really lose heart losing big amounts but that determine if you're going to be successful in that field or not. Your ability to bounce back from such setbacks

[Sled]

losses of up to 40% for a while better stop first. finding and thinking about how to get 40% loss will be better than having to stop forever.
but back to themselves whether it is still trying to get the mdalnya back or give up.

Yeah.  and its part of growing were you can see a pro trader that he or she doesn't step on the road that he almost lost his money not only 40%. We all step and face struggles in particular in trading which is not truly easy and stoping for a while will be a help to cooldown your mind and emitions to a better after incase you realize and spot your mistakes.

Right. Hopefully that 40% is of a small amount only becuase you're just starting. People can really lose heart losing big amounts but that determine if you're going to be successful in that field or not. Your ability to bounce back from such setbacks

40% is nothing compare for the people or traders who lose a lot of money but they are still doing it. It is not all about the percentage of loss but your percentage to continue whatever happen in your life. Do not give up and always try hard because if you are always trying hard then you will get used to it and you will not notice that you are now doing it so good and you are not almost getting any losses.

[Harriti]

losses of up to 40% for a while better stop first. finding and thinking about how to get 40% loss will be better than having to stop forever.
but back to themselves whether it is still trying to get the mdalnya back or give up.

Yeah.  and its part of growing were you can see a pro trader that he or she doesn't step on the road that he almost lost his money not only 40%. We all step and face struggles in particular in trading which is not truly easy and stoping for a while will be a help to cooldown your mind and emitions to a better after incase you realize and spot your mistakes.

Right. Hopefully that 40% is of a small amount only becuase you're just starting. People can really lose heart losing big amounts but that determine if you're going to be successful in that field or not. Your ability to bounce back from such setbacks

40% is nothing compare for the people or traders who lose a lot of money but they are still doing it. It is not all about the percentage of loss but your percentage to continue whatever happen in your life. Do not give up and always try hard because if you are always trying hard then you will get used to it and you will not notice that you are now doing it so good and you are not almost getting any losses.

Haha if you are magin trader like me, loss 40% your funds really nothing with me or other margin trader on market, because the profit and the risk when margin trading we also know very high. Although until today I do not continue margin trade but I still exchange normal on market, because I need improve my skills and knowledge before try margin again.

[dieselmeister]

  this topic was 4 month old. )) if u still hold then congrat! ^^

[wuvdoll]

just got to put your emotion aside, a lot of new people buy high sell low

Yes! Many others are victims of these losses. There is nothing to take on heart rather they should treat these mistakes as lessons. Trading is not for everyone and if you are not good at trading don’t be sad. I am myself not doing great with trading, so I shifted to long term holding of bitcoins for making great profits.

So good you just said. Bitcoins don’t have day trading only rather it got mining, campaigning and investing, holding techniques. If anyone is not for trading then I must say they just have to shift to holding as you did. Bitcoins are so abruptly increasing in the market so you would not be sad anymore.