Loss almost 40%, should stop trading or not ?

[NavySeals]

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 !.

Exactly like this! Never worry about the actual situation.

Never give up if you lost money. This is not the market to earn always, we'll sometimes lose money. The vital thing is that keep fighting and aim to be the best trader after all the experience.

[MadCryptoKnight]

Looks like you should stop trading and start hodling

[Royhan25]

Keep reading and following experienced traders, eventually you will get better. Trading is a game/business of patience if you dont have patience then stop trading and move on. in trading you dont lose until you sell at loss. so i would suggest invest in good coins after researching and keep holding them with a mid to long term perspective.

[cardoyasilad]

Trading requires patience you will not lose your capital if you don't sell lower. The choice will depend on you ask yourself first if you can wait for the right time to sell.

[otundebis]

Like Warren Buffet said. Exchange is a device made to transfer money from impatient to the patient. Your experience in trading cryptocurrency will validate this statement.

[kanmo]

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?

Don't quit, what I see is that you sell your altcoin when price is low learn how to HOLD altcoins for long, it helps.

[Pearlfx]

I'm currently loosing about 60% of my capital by holding xrp, SC and RDD since June thinking it will moon one day and I'll break even but it keeps dumping. Selling off At this time is a difficult thing to do for me

[ana zay]

it is already a trading risk. Not as long as the business will continue to run profitable. Losses that you experience in business will also color your business trip.

Regardless of the amount or the amount of loss you experience, everything will still impact on the financial mechanisms in your business. It certainly creates a sense of discomfort in you and worries that your business will go bankrupt.

However, losses can still be helped. The important thing is to keep the spirit and not immediately give up with the losses you experience.

[dark08]

I'm currently loosing about 60% of my capital by holding xrp, SC and RDD since June thinking it will moon one day and I'll break even but it keeps dumping. Selling off At this time is a difficult thing to do for me

Allmost true trader experience that kind of problem we all know that trading are so much risky the price of every coins are unpredictable but atlease you still holding your coin even the price are continue to dump I also experience to loss almost 40 to 50% of my capital but Im here still continue to trade

[aencarnaci]

No. Dont ever stop. Its just beginning. All beginner ever have loss experience.
Never give up. But before continue, you have analyze your strategy first. Look into the weakness and solve it then you can try to trade again.

Exactly! Profit and loss are part of business. Almost every one of us suffers in the beginning. There I no way to get dishearten. If you will lose hope and you will quit trading, then there will no way that you are going to earn what all you want to earn in your life. Keep on learning from your past mistakes and do not repeat those mistakes in the future. Quitting the trade is the worst thing which you will be doing.

[Mumbeeptind1963]

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 ) .

Its up to you if your going to take the risk to loss again. But for me maybe you should stop for a while and collect some cryptocurrency again until you a lot of coins, then try to trade again. And if you loss again, maybe you should study the market of trading to learn a lot in what the right thing to do, atleast you gain experience then you also learning.

[craZyLovE0916]

Is that a rhetorical question? I hope so! You should absolutely stop trading and just put your money in Bitcoin. You will make money and you don't even have to invest! Take your time and do what you gotta do to find out how you can buy and hold bitcoin securely and you will be on your way to better days. Trading is not recommended for anyone, never mind the avg joe.

[nodelover]

I recommend you to continue my friend. Learn from your mistakes and make sure you make your patience longer. Don't focus too much on the exchange rate. It's normal for bitcoin to fluctuate.

[mirakal]

I recommend you to continue my friend. Learn from your mistakes and make sure you make your patience longer. Don't focus too much on the exchange rate. It's normal for bitcoin to fluctuate.

If you love what you are doing there is always room for improvement because you are open minded and you wan to improve by learning from your mistakes. Trading does not give an easy success to us, we need to work hard and study well to have a better chance of being consistent, just always put in your mind that if other traders are profitable, we might be able to follow their success, we never stop chasing our dreams and we should do it in action as well.

[ictin]

I think that you should sell it immediately and find another coin to trade. 40% is a big loss. It is hard to find a coin can recover that rate in short-time.

[bitcoinrays]

No. Dont ever stop. Its just beginning. All beginner ever have loss experience.
Never give up. But before continue, you have analyze your strategy first. Look into the weakness and solve it then you can try to trade again.

Do one thing, ask from expert traders who they have been to this status of being expert. They all will answer you with one stamen, our mistakes have made us to this level. Success can’t be achieved only with profits and winnings, no. there must be lose in your journey that make better results for you. You don’t have to be panicked and give up, believe in yourself and make your way to success.

[martin1221]

That was a lesson to learned for, and dont stop right now, just continue. Its only a beginning of trading, maybe you just move a wrong timing, atleast you have gain an experience, try to buy some good coin that you think have potential

[_MrTuyul404]

a loss in trading is a very common thing, make it an experience and do not give up just because of a small loss, you can make a profit in the future after getting a loss now
because I am also the same, I am new in the world of trading and often get a loss and I will never give up

[Carcoins]

do you like trading?
Are you serious with this job?
If yes.
Pls continuous , because failure will teach you many things

[rizkyfebrian213xx]

i think you when trading.. you doing with emotion and can't patient right ?
key of trading is patient bro , you can't get quick profit after buying some altcoin
i'm ever loss too , 30-40% same with you
but i trade with ETH not BTC because i'm sure , many risk if you trading with BTC while price bitcoin now can up everyday