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Author Topic: Loss almost 40%, should stop trading or not ?  (Read 32136 times)
Wapfika
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May 09, 2018, 11:42:48 PM
 #781

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?
I think you should just stop ,
In trading you should always have patience ,You couldn't gain a huge profit in just a short time ,
You should learn to hold and wait.
Try to do other activities,stopping will just make you feel worse do stuffs were you think you will be able to recover like bounties and investing.

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romelababe
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May 09, 2018, 11:45:10 PM
 #782

I would say just stay mate and price will go up again, you can trade XVG you wont ever lose 40% because this coin is legit.
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May 09, 2018, 11:52:36 PM
 #783

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?
You are maing a bigger mistake that you sell at low and that is the thing which make you lose bigger. If the price drop then it do not mean that it will be there forever biut the price once again start to increase. If you will wait then you will not lose.

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sedahan13
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May 10, 2018, 12:35:09 AM
 #784

You have to stop at the moment and try to looking for what the mistake, when down trend of crypto market, should sell all crypto asset to USDT and wait for market back to uptrend. When the crypto in the bottom and the market any sign to start bullish trend, buy back that crypto with USDT. I has been make the same mistake and learn from that, i know what my mistake, not patient and dont use cut loss strategy is my mistake, and i will try to manage it better.

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May 10, 2018, 12:45:09 AM
 #785

The hype got you. Well, in investments there is always the risk of loss. So it really would depend on you if you think you can't handle the pressure, then stop. But if you are a dreamer, believer you got to be a survivor too. Good luck.  Grin
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May 10, 2018, 01:13:39 AM
 #786

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 won't change your trading strategy or trading habbit i suggest you would stop trading or you will loss all your investment. if you want to be a successful trader you will first control your emotion and have patience cause some coins need time to earn profit.

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cemburu
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May 10, 2018, 03:05:00 AM
 #787

Keep going, at Cryptocurrency Market will continue to grow in value.
There are times when the coins go up and down drastically, but that is not the end of everything.
Ethereum, Ripple, BTC will still be able to ride again.
Wait and be patient then the price will go up and you will benefit.
Do not make a sale when the value of the coins you have is down, it is a mistake if you do.
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May 10, 2018, 05:02:40 AM
 #788

If you’re consistently losing on your short term trades, you could try another strategy like 75% value in long term holdings and use 25% of your value for day trading. It will reduce your swings if you choose wisely. I like to remember that I’m not smarter than the market so I shouldn’t try to play it. Long term holdings bought at optimal levels is almost always the best strategy for the average person
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May 10, 2018, 02:08:58 PM
 #789

Not good if you have lost 40% but who knows maybe you will succeed in the future. You will be able to analyze your mistakes and errors and perhaps this will be helpful for your future decisions and choices

nominee
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May 10, 2018, 03:13:57 PM
 #790

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 won't change your trading strategy or trading habbit i suggest you would stop trading or you will loss all your investment. if you want to be a successful trader you will first control your emotion and have patience cause some coins need time to earn profit.

We will consider a change in our trading strategy in case of big losses like 40% or above. Keep going with the old strategy didn't work properly, this means simply. We can develop our trading skills by working harder.
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May 10, 2018, 04:58:01 PM
 #791

If you are not patient then stop.
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May 10, 2018, 05:12:25 PM
 #792

If it is me, then I will stop for a while then learn what and how wrong I have done. If necessary, discuss it with the community and then set a new strategy.
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May 10, 2018, 05:15:38 PM
 #793

I couldn't agree with this more, the most important aspect of trading is the psychology which lies behind. Due to you losses you'll most likely be trading very aggressively. Many people make the mistake of thinking that they can trade without any market research and learning different techniques to trade. I personally make maybe 3/4 trades per month and I trade only based upon news that I know will have an effect on the price of whichever asset im using. Be smart, do your research, don't chase trends.
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May 10, 2018, 05:22:47 PM
 #794

Loss your amount is common crypto world but when your coin is dump you hold your coin and then sell it
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May 10, 2018, 06:44:28 PM
 #795

Stop the trade and double it when you enter the loss. This is called martingale strategy. Look for it. Also stop trading objectively. Use raw emotions, especially anger. As you see that the victim is burning, get angry and tell yourself that you are stronger and your wallet is bigger. Then triple down as losses are mounted. you will eventually win

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May 10, 2018, 06:47:09 PM
 #796

Unfortunately, you, like many others, see the price move up and down, and your mind says, "I knew it would happen," and you start trading. Then comes the reality, and you realize that you do not know what the market will do.

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May 10, 2018, 07:12:59 PM
 #797

I would suggest you to lay back for a while and rethink your options. It is best to take a break and analyze your strategy to decide if it is worthwhile to continue with the same plan.
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May 10, 2018, 08:02:52 PM
 #798

Just HODL. That has worked for many people.
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May 10, 2018, 10:20:19 PM
 #799

If you’re consistently losing on your short term trades, you could try another strategy like 75% value in long term holdings and use 25% of your value for day trading. It will reduce your swings if you choose wisely. I like to remember that I’m not smarter than the market so I shouldn’t try to play it. Long term holdings bought at optimal levels is almost always the best strategy for the average person
To me i would like to say that trading is something different from gambling, where we totally depend on our luck, to me i think that if a person is regularly losing money from trading, he should not be disappointed, he need to change his trading strategy and should make new strategy and planing for his trading activities, i am sure that it will give them a very good profit.

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May 10, 2018, 11:05:38 PM
 #800

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?
I think that with a new market and continuous fluctuations like the present time, it is easy for you to understand that you can see that bitcoin prices in the past few days are constantly fluctuating in the margin. This is very high, so the risk is very high. Also you lose up to 40% of the property is because you trade unplanned and no specific cutloss point leads to the loss of the current. Always follow the plan and know when to stop.
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