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Author Topic: Loss almost 40%, should stop trading or not ?  (Read 32479 times)
FDC1412
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November 10, 2017, 04:35:05 AM
 #601

I think you already know why you lose money because you already explained what you did. The wrong thing about what you did is you buy high and sell it for a low value. Its like buying something precious and exchanging it for dusts. I think you should continue but don't do transaction if you know you are not earning.

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imsotiredofmoviereboots
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November 10, 2017, 07:51:14 AM
 #602

That is just 40% dude, come on. Most of traders like me experience 50% loss or more than that but we don't think about quitting. If you diversify your investments, you can recover easily with that loss.
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November 10, 2017, 09:21:07 AM
 #603

You should stop, if you're going to sell in future as well, Patience is the key.
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November 10, 2017, 09:44:25 AM
 #604

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?

Do not stop, that is just a part of being a trader, knowing that you are just starting in this business. Some people even lose a hundred percent but still continuing to trade because the wanted to win back that lose. And for you my friend, you do not wanted to just cut off your loss because that is a big money 40% but if you still continue to trade and you got the right strategies you might win back double of that price so if you wanted to be successful just do not quit because that will be wasting an opportunity. Trading is an easy one you just need a lot of patience.
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November 10, 2017, 10:06:47 AM
 #605

Don't stop, trading is an art of making money, once you may lose but doesn't mean that every time you can't lose it, try again you may get profit.

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CreamyCrevice
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November 10, 2017, 11:16:49 AM
 #606

You need to quit trading,modify your technique and learn from more knowledgeable investors and do document trading first or with very low quantities so you can test your abilities. Also look to trade coins who've great technology and developers backing them so even if you purchase too high it is going to raise over that.And don't forget to show patience! 
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November 10, 2017, 09:56:41 PM
 #607

Have you put in your overall income or save some thing. Should you invested max a part of your income then quit trading. When you are dropping then there's always a panic or anxiety scenario in mind that is dangerous . So easier to stop and also have some relaxation.
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November 10, 2017, 10:19:45 PM
 #608

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?

To be honest, with those strange trading decisions you should focus more on a serious learning process if you really want to dedicate yourself to this trading business. And the best way to learn is, in my opinion, through practice, but you should try to invest only small amounts so that these terrible losses do not happen again.
nagobinga
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November 10, 2017, 10:47:58 PM
 #609

I would probably go though losing that much because for me to get back to it very hard, there is no word of regret in my life.
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November 11, 2017, 01:59:22 AM
 #610

this is just a suggestion, if in my opinion you should continue your example money 1000usd and you have lost 400 you have to continue but with a larger volume.
like a quote someone put all the money in in 1 small basket, do not put a little money in many baskets.
I hope this helps. thanks
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November 11, 2017, 03:49:20 AM
 #611

Business risk is absolutely possible and tradecoin is the same. I lost 80% of my capital but I still did not give up because I realized the true potential of Crypto. You should make a cautious decision for yourself.
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November 11, 2017, 11:16:41 AM
 #612

A ton, but my best retains are BCO and Renos.
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November 11, 2017, 11:17:51 AM
 #613

Never trade, invest and HODL.
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November 11, 2017, 11:46:22 AM
 #614

Never trade, invest and HODL.
I think this is the real answer for the OP Because here we can see clearly what the OP made mistake in his trading .
Usually people bought the coins at low price and then wait until the price of the coin increase and then after increase the price they sell with sufficient amount of profit , that is known as legimate trading in cryptocurrency .
But here thread main post shows directly that OP have not much patience in the trading . If he will wait then surely he will make much amount of money profit .
Here I myself wait for 777 coin to sell for 1.5 years and also I made 11 times the profit than what I invested and also in the same way I also invested in Digibyte coin for 3 months to make profit and also succesfully I made much , so here you can understand well that how much patience we need to make trading successfully .
Here my suggestion for the OP is to have patience and investment in multiple coins , Because to have investment in multiple coins leads into profit always ( or already lower the risk of trading to loss ) .
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November 11, 2017, 12:51:46 PM
 #615

I will say you should still continue, just have more patience so you won't end up again as you did before. You already have your lesson, so improve your self if you really want high profit. If you will accept failures easily then how can you be successful on trading? But if you want to stop, then I don't care it is still up to you what would you choose?
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November 12, 2017, 05:31:49 PM
 #616

I believe Bitcoin trading is different from standard forex trading like European union-United states dollar yet others.In Bitcoin, you do not need to complete anything like that or market quickly at affordable prices because it is very harmful. In Bitcoin you may either postpone or keep the gold coin till the cost of the gold coin increases once again, although we can not know when the coin will increase once again unless of course the gold coin is a gold coin that is a lot of the community and it is a seriously exchanged coin. You can check the motion from the gold coin in the forum or if right here can be checked around the thread or it may be in the information from the gold coin.
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November 12, 2017, 06:12:40 PM
 #617

You don't need to stop trading what you need to do is study and learn how to trade while doing this use little amount of money because it is expected that you will lose since you are still in the process of learning. But if you do not have time to study then be an investors leave the coins you bought for years and get back to it when the price is already x20 or more.
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November 12, 2017, 06:46:47 PM
 #618

Continue your Trading with Bitcoin/ETH,Continue !.
Take control of your emotions !.

Our mind views loss as more significant than an equivalent gain. We don't like to lose what we already have. This has far reaching implications when we trade.

When we have a losing trade we may try to avoid actually realizing that loss, which means we open ourselves up to an even bigger potential loss. We rationalize by saying the trade will come back in our favor, or we will give it a bit more room/expanding stop loss or say we are right and the market is wrong...so we hold the trade out of spite for the market being so stupid. Lots of reasons, but they all stem from the same issue...not taking a loss when you should. Continue your Trading, Don't fear losses, even with lots of them you can still be profitable.

Continue your Trading with Bitcoin/ETH, Plan your exits before the trade takes place and stick to your plan. Take control of your emotions !.
BigBall
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November 12, 2017, 06:56:54 PM
 #619

You should in my opinion try to make trades with less amount of money and train your brain to be more patient and ot sell so fast,sell in profit bro when it is green ,not when it is red and you will be in profit.Also when you find some potential coin try to do some bigger research and find trusted people to know with which coins to trade.
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November 12, 2017, 07:03:36 PM
 #620

Well you have lost a big amount in trading now it’s the right time to stop trading beacuse 40% is a big figure, but if you can or if you think that you can win back the lost amount then keep up the trading and complete your loss that is the best you have right now. I hope that you will recover your loss soon.


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