Loss almost 40%, should stop trading or not ?

[cemburu]

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.

[klasik1980]

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

[socksserver3]

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]

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.

[Povostock]

If you are not patient then stop.

[Big Show]

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.

[dynospytan]

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.

[James andrew]

Loss your amount is common crypto world but when your coin is dump you hold your coin and then sell it

[KotBas]

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

[Tanya78]

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.

[sureshotcoin]

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.

[javadevm8]

Just HODL. That has worked for many people.

[Trivelius]

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.

[Dwarf42]

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.

[Kita Kita]

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.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

[Eva_me]

This is probably the case with many of us. None of us, ordinary traders know for sure what will happen now. We can only make assumptions and use the information we see. If you lost 40% of your contribution, you need to understand the reasons. I think that the reason is that you did not have the necessary skills. All of us make mistakes in trade. But we need to fix them. Crypto currency is very volatile and you need to correctly determine the entry and exit points. You need to understand where you can togt, and where better to hold. I think all these skills you will get with experience, and now just learn on small amounts.

[Ronaldcoin2017]

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.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

I think we should not stop trading for that 40% loss. Maybe awe should do it with faith and be more temperate, because from the start we all know that trading is profitable but it can also make our profit loss if we don't do it in a verry fluent way so then if I will be going to choose on stop or go in that 40% loss, I will still go because once we stop that loss is considered as loss but if we are going to continue that losses is just a stepping stone.

[Distinctin]

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.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

It's profitable but not for everyone, there are people who are really good in trading so they make money.
But, let us also consider those people who like to trade but with lack of skills, these people will not survive in the long run especially if they
are also weak emotionally.

[mammusu]

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.

I think you should not stop in trading because trading is very profitable job specially when the prices of all coins in the market will pump very high and for me all newbie will loss first in trading but i am sure it is part of learning in trading.

Is very profitable job, but not everyone can do it. Because trading is have a risk to lose your money.
Trading is needed a knowledge and strategy to trading.

[alvinmtp]

Quitting on earliest time isnt really worth it and just like others said here that he shouldnt really stop since its been part of the learning process on doing trading and knowing that trading is really hard to do and cant be mastered on a short period of time. It would really takes time and patience for you to be profitable with it because if you do make serious on this mistakes then you would really not improved as a better trader later on.