Loss almost 40%, should stop trading or not ?

[Emilyearl]

Don' stop sir because that's part of your experience as a trader. You are not becoming a real trader if you are not experience on losing money especially on quiting in trading. You can learn on what you had mistaken sir until you succeed because after that you will know the tricks and strategies in trading.

You are right, he shouldn't stop trading because he loss 40%. It can serve as a lesson and a good experience for him in trading. Trading is a good source of profit but of course, there are times that the trade will be as good as the previous trading transactions. One must know how risky it isbto trade. It is not good to assume because if it is not granted you will just be disappointed.

I have loss more than 50% of profit because of panic selling and bad trading. What I did is accept it an move on and treats it as a good life and trade lesson.

One get loss, only if he sells at loss..
if project is good, better to hold it

I can relate to this. It might be very hard to hold unto much loss but when you're already in a big percentage loss its better you hold the tides will still turn to your favor someday. Don't trade with all your money keep some for emergency trades.

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[darlo1515]

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

[BobBct]

You loose profit because you maybe to impatient that you just trade and sell it again if you lost 40% if you waited you will gain 50%.

[rachelia13]

Don't stop trading just because you lost almost 40%, because when you decide to stop then you lose the opportunity to restore back the lost money, you can start by buying at low prices and selling when get a little bit profit, do it continuously, but you need to be patient, can  not instantly because the altcoin price can not be predicted

[GrayFullbuster]

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 lose your money in the trading, it is not a good reason for you to stop trading. Losing money can be considered as a learning. If you want to earn many money, continue to trade your coins and become a good trader.

[babsjoe]

You will get better at this. Just make sure you are reasonable. Of course you shouldn't stop trading.

[Chyton]

Take that as an experience, in trading you should never include your emotion, just a rational thinking is needed for trading. My best suggestion is hold and wait or probably buy and forget  but make sure to secure those coins safely.

[severaldetails]

When I read it correct, you only made two trades. I don't think that the first two trades of a person can give much statement about his trading talent.
And by the way, trading is much more based on experience and knowledge.
But I think as well that your decision making process could be improved.
In your case I would ask myself why I bought the coins in the first place. Ofcours, your intention was to make money, that is clear.
But why that coin at that moment?
And the same question can be asked for the time you sold your coins.
I suppose you will not find much of an answer.
So I think learning more about the coins you invest in will be the first step for you.

[JohnDoe3490]

When I read it correct, you only made two trades. I don't think that the first two trades of a person can give much statement about his trading talent.
And by the way, trading is much more based on experience and knowledge.
But I think as well that your decision making process could be improved.
In your case I would ask myself why I bought the coins in the first place. Ofcours, your intention was to make money, that is clear.
But why that coin at that moment?
And the same question can be asked for the time you sold your coins.
I suppose you will not find much of an answer.
So I think learning more about the coins you invest in will be the first step for you.

An expensive lesson. However, don't be discouraged. The swings in crypto are bigger. A standard coin loss can amount from 10-20% on a daily level with it being truly serious.

[mirakal]

Take that as an experience, in trading you should never include your emotion, just a rational thinking is needed for trading. My best suggestion is hold and wait or probably buy and forget  but make sure to secure those coins safely.

That's right, be more focus on your strategy to succeed, it's alright to make mistakes because that is part of the game but you need to learn from it and improve. It's risky and we all know it but we have a better chance if we are smart and we have continuous education on what we are doing, in crypto the market is volatile because there are regular news and speculation that could change the present situation but when you are aware of that you know what to do.

[MrBitter]

I don't think you should stop, cos  anyone that got into trading has lost some money at some point, that's a part of learning,
And i think you should focus on the basics of trading and don't fall into traps and know when to buy/sell your coins,
 

[Rinsend]

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

when we can achieve patience when we find a considerable loss during trading,
that's where the patience becomes proof.
that everything is done with patience.
can guide us to the path of success that we will achieve

[raven7886]

Stopping something is not always a good option . What happens if you fail , there is always a solution to rectify your mistakes. Every mistake teaches you a lesson . Now you can't repeat the same mistake , so keep making mistakes and one day there would be no mistake left and you'll become perfect. This is the key to success

Though you are right but at least don’t encourage others for keep committing mistakes. It is wise not to take mistakes on heart rather try your best to learn most out of them. Mistakes definitely show that you are pitting great efforts to learn and in that course creating some little blunders. Giving up is never a solution.

When we are not repeating a same mistake then we can realize that we are on the right path. Other than this, doing same mistakes again and again will definitely lead to big disaster only.

[Duzter]

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

when we can achieve patience when we find a considerable loss during trading,
that's where the patience becomes proof.
that everything is done with patience.
can guide us to the path of success that we will achieve

With bitcoin patience is a must and it requires a long time to be held or saved to grab the right profit percentage. Losing around half the percentage in terms of investment never happens in a short as well experienced users have alternative plans to overcome loss than quitting.

[cosmicblue]

Hope you stopped and gave yourself time to understand what you are doing. I used to do the same and that was because I invested more than I could afford.

[quarkyplum]

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

Keep your patience until the price of your coin holding go the hell, is right? You need have stop loss and target, after do that, turn off your PC and reseach other way make money or enjoy free time with your friends, family ... In someday, profit will deposit to your account

[bobitza]

I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.

Keep your patience until the price of your coin holding go the hell, is right? You need have stop loss and target, after do that, turn off your PC and reseach other way make money or enjoy free time with your friends, family ... In someday, profit will deposit to your account

yes, do not be stupid and look at everything lost, that patience can kill you. More than ever, clarity is the most important thing, think about all the things that can happen and make the most accurate choices.

[wildflower18]

Hope you stopped and gave yourself time to understand what you are doing. I used to do the same and that was because I invested more than I could afford.

Meanwhile OP you can stop trading and study first about trading. Understand the basic rules in trading and analyze the market. Then if you are ready to do trades you can start again and to earn atleast profit.

[mia khalifa]

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?

should you be more patient because the price will later be more expensive again a few years to come if you can be more patient you will definitely get more profits. never stop for trading make your past as a learning I am sure you can do your best.

[fasdorcas]

You loose profit because you maybe to impatient that you just trade and sell it again if you lost 40% if you waited you will gain 50%.

This might be one of the reason. But tired of just by having this much loss is not a good quality. If you will give up and will never try again, then you can never earn and recover what you lost. You need to be patient and have a brave heart in order to excel. You need to learn from your mistakes so that you won’t be repeating the same mistakes in the future resulting in more loss.