Loss almost 40%, should stop trading or not ?

[geegaw]

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?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....

I think op's mistake is pretty common for new traders. Once you bought an alt coin, it eould be advisable to just let it be for a while and don't focus on the movement especially if it's just minutes or hours past the time of entry. Beginners would be anxious in seeing the drops in price and they would find a very strong urge to sell, where in fact, it's part of the fluctuations of alt coins.

The issue is that most don’t enter with the mentality of holding for a period of time, they expect that as soon as they buy the coin will skyrocket and make instant wins, but since they don’t have the knowledge to choose a coin in the right moment, and they see the coin is going lower they begin to doubt their judgment they did an by doing that, they are sabotaging themselves.

Yeah, this is the common mistakes of new traders, they do not have too much knowledge of trading and they lack experience, failed the first time easily make them collapse and lose confidence. They just rely on emotions, they do not determine when to sell and when to buy, the decline makes them panic sell. I think the new traders if they fall into this situation, they should stop for some time, continue to only make them lose more money. Failure is not everything, it is the beginning of success

[Victorycoin]

you are trading emotionally . put your buy orders / sell orders = then close the platform and come back few hours later to see how it goes

Not a so good recommendation to overcome losses, I mean to say you are not including technical analysis to safeguard capital while buying and selling. Staying away for not closely watching trading must be a good idea but it work only when our technical analysis will be backing us. Otherwise big losses are easily available when we are not watching market fluctuations.

Simple enough, the only reason 40% can be up and gone with slight reversal in market price is absence of money and risk management. Most newbies to especially cryptotrading are presumptuous that none of technical analysis nor position sizing is needed in cryptotrading, so they end up with avoidable mistakes. Like a wise saying goes, there're no mountains anywhere, every man's ignorance is his mountain  

[BingoDog]

It's a big loss but you know the best how much you can afford to lose. You are not so experienced and you are probably making a lot mistakes. This is the hardest way to learn trading but the most efficient ones. Don't fall for emotions but if you see that trading is not for you better quit before you fall too deep.

[yatogami]

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 stop. you've already broken all the rules, as you're trading with emotion. Neither Rome nor fortunes were built in a day.

if your think wanna stop trading just stop it, but like tntdgcr says if you're trading with emotion no more room for you in cryptocurrency world.

[yatogami]

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 just need advanced analysis techniques for trading altcoin and reading the market chart where the market go to next

[naidray]

It's a big loss but you know the best how much you can afford to lose. You are not so experienced and you are probably making a lot mistakes.

You mean to say like gambling, for trading too we need to risk only the limit of money we can afford to lose. I do not think so, because unlike gambling we can control our losses in trading, we can risk any amount but need to be enough skilled to start trading otherwise stay away from trading to educate on trading skill is highly recommended.

This is the hardest way to learn trading but the most efficient ones. Don't fall for emotions but if you see that trading is not for you better quit before you fall too deep.

Yes, learning from own losses must be hurting to any traders. That is the reason here many professional traders keep on suggesting to go for paper trading before hitting live markets.

[FrueGreads]

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 it's very hard to do short term trading with e-coins. I think you should try to buy some (not margin trading, just buy them), and hold them.
Invest in solid coins like ether, or just buy some BTC if you can. Doing margin trade, or trying to get some fast profit in the short term is like gambling, at least for me. I probably don't have enough knowledge to do it, but at least buying coins and holding them is working for me right now, and I would get some decent profit if I sold them right now, but I will continue to hold.

[CardShare]

[gabmen]

LOL the most regrettable thing you can do is to give up on something because you failed in it or lose. Almost all traders lose money and if you're trading you have to accept that as a fact. Having little composure will make you think that trading is not for you once you lose but good traders who already had a lot of money would tell you otherwise.

[Vishnu.Reang]

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?

God! Who told you to sell ETH at BTC0.077? Right now it is going at BTC0.143! Had to held on to your Ether tokens, then you would have got almost 100% ROI. Trading requires a great deal of patience. But don't feel heart broken. You can still try trading alts. Who knows what will happen the next time? Perhaps you will be able to recover all the losses.

[btclady]

For me it also sounds just like you don't have a professional strategy you should be sticking to. You should never decide about a trade out of your stomach. Losing patience for instance is a typical indicator for beeing an emotional trader, and that's the mistake that makes 99% of poeple lose when trying to trade. I'd highly recommend to stop trading and first learn it theoretically. otherwise you'll lose it all for sure, like with playing a slot machine.. 

[jamyr]

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?

God! Who told you to sell ETH at BTC0.077? Right now it is going at BTC0.143! Had to held on to your Ether tokens, then you would have got almost 100% ROI. Trading requires a great deal of patience. But don't feel heart broken. You can still try trading alts. Who knows what will happen the next time? Perhaps you will be able to recover all the losses.

You can't blame the OP because he is kinda new to this venture, especially if the money he put in is something he can't afford to lose. I'd say, maybe you lost 40% but the learnings you got from it is more than the money.

[deddod]

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 suggest you to sell it. Unless you have lots of btc to backup your losses. There are many other coins that are more potentially profitable to be traded.

[Netnox]

There is no need to feel depressed or discouraged. You can't expect to profit out from trading everytime. Sometimes you incur losses, and sometimes you get profits. If you don't want to incur losses beyond a certain limit, then I would advice you to trade after setting strict targets and stop-loss values.

[roshidnahdi]

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 suggest you to sell it. Unless you have lots of btc to backup your losses. There are many other coins that are more potentially profitable to be traded.

Indeed it is the risk of a trade, sometimes loss sometimes profit, all you can do is set a target and quickly decide whether you want to take it off or hold it, one day will go up or down without any warning.

[Singwala]

Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.

Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset

[susila_bai]

Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.

Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset

Perfectly said in trading if you cannot accept the loss then it is better to leave it, trading is not that you will always win but their are some time when we have to accept loss also. But if you have capacity to hold then you wont be in loss also only thing is you have to keep patience and in low you have to average it so that on next up movement you can sell in profit immediately

[DevilSlayer]

For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.

[Baofeng]

Lossing in trading is always by your side. If you don't have patience and knowledge on crypto currency
I Suggest you to stop trading.

Knowledge - Always read news, do research before you buy
Patience - the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset

Perfectly said in trading if you cannot accept the loss then it is better to leave it, trading is not that you will always win but their are some time when we have to accept loss also. But if you have capacity to hold then you wont be in loss also only thing is you have to keep patience and in low you have to average it so that on next up movement you can sell in profit immediately

Its really part of trading. But some people can't take it. So as others have said, if you can't take it then leave and find other ways how to earn btc or altcoins. I myself has felt frustration from my trading loses but I just take it like a man and live another day and not think it. I try to stay positive and leave it my losses behind.

[izanagi narukami]

If you're in loss position, better to keep hold rather than sold it so make sure that your coin are not scam/bad project ( check their feedback before try to invest )
Trading usually make profit easier than gambling so if you still want to make profit, just keep do it

For me, you should stop trading now. You loss 40% of your money and that percentage is very big loss to your money. The meaning of your loss is to stop to trade now. You are not yet ready to the trading world. Just study the trading cycle first.

People must loss if they want to success on the future