Moneypham5
Newbie
 Offline
Activity: 134
Merit: 0
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May 11, 2018, 08:20:46 AM |
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This is a bad thing. You should do it sooner. If you wait it down to 40% then you should keep it, so I find it much better. You should have good psychology as it will be better for you to invest in this market.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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dilandanmilea
Jr. Member
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Activity: 283
Merit: 1
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May 11, 2018, 08:43:39 AM |
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Do not stop but rest for a moment. After that start back and do not buy coins when the price is high so you do not regret for the future.
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Scavagers
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May 11, 2018, 09:00:20 AM |
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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?
Okay so you just did the exact opposite of how it should be done? I know some one who did the same thing, he bought high and sold it in a low price and what happened after is he blamed cryptocurrency and stopped using it. In trading, not all people succeed so maybe you are part of them, but if you think positively, you can correct that mistake and you can get over it. You can gain that 40% loss back if you will try your best to become better at trading, and also do not use your emotions. |
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crypmike
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May 11, 2018, 09:38:44 AM |
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The secret is to manage your risks
Learn how to setup right stop-losses and how to find a good entrance/sell points and that's pretty much it
And of course, you should analyze your mistakes every time
But maybe it seems simple, but it isn't
There are a lot of theory and practice here
Learn theory — books, youtube, successful traders on twitter..
Trade on paper
If trading is your dream you shoudn't stop
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Advicerabi
Member
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Activity: 210
Merit: 10
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May 11, 2018, 10:31:57 AM |
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Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.
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rhamdy
Newbie
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Activity: 126
Merit: 0
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May 11, 2018, 02:06:28 PM |
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I suggest you continue trading.
The risk of trading is a loss, but you should be more patient while waiting for the value of Cryptocurrency price until it is really conducive and stable.
Because if you take the wrong decision it will be the fatal consequence, that is a big loss.
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Soranith
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May 11, 2018, 02:19:28 PM |
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Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.
I agree! Most of the trader that made millions in crypto had their losses specially when they were starting and they made those loss a motivation to do good in their next trade. And even today that they all know the techniques on how to trade they still sometimes lose so giving is not the solution and if he really wants to learn and be part of this community then he needs to work hard for it. |
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fitty
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May 11, 2018, 02:22:51 PM |
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Good traders learned from their previous mistakes. Mistakes are the base of experience and it gives us the strength and knowledge to avoid such incidents in the future, so I'm not going to stop trading. Maybe you just need a little hiatus and make a plan on retrieving the lost money.
I agree! Most of the trader that made millions in crypto had their losses specially when they were starting and they made those loss a motivation to do good in their next trade. And even today that they all know the techniques on how to trade they still sometimes lose so giving is not the solution and if he really wants to learn and be part of this community then he needs to work hard for it. Sometimes, we have to accept that trading is not for us by means of choosings whats best to win on this investment. Secondly, we have to keep on going if we want to learn find whats the best system or strategy that will fit for your time and other things to win not only copying one person tactics. |
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Kawasakinamoto
Newbie
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Activity: 99
Merit: 0
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May 11, 2018, 02:44:55 PM |
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Believe me or not alot of successful traders out there lost more than that because they are dedicated that someday they will gain back that earnings and gain more and more and learn to be one of the best traders out there.
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cpkozak
Newbie
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Activity: 140
Merit: 0
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May 11, 2018, 02:55:42 PM |
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I am a newcomer to this market, so I will not sell out what I have that I will keep it until it is inflated. I do not care how many times it is reduced.
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Dansamiv
Newbie
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Activity: 224
Merit: 0
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May 11, 2018, 02:56:04 PM |
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If you do not have confidence in trading in the crypto market. You need to calm down and stop monitoring the market before making a decision. Not everyone can succeed and feel the trader is easy. It happens only when the market is healthy and in the trend. The more you try to trade, it will not work. In addition, psychology is also an important factor for traders.
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kolega
Member
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Activity: 294
Merit: 11
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May 12, 2018, 08:29:46 AM |
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Of course stop the trade. You need to analyze all your trades, find mistakes. It is important to understand what in your actions leads to losses. If you can not control emotions, then you should not trade. You also need a trading plan. It is mandatory to use stop-loss.
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Sanitough
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May 12, 2018, 08:44:46 AM |
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Of course stop the trade. You need to analyze all your trades, find mistakes. It is important to understand what in your actions leads to losses. If you can not control emotions, then you should not trade. You also need a trading plan. It is mandatory to use stop-loss.
Trading is too risky for people who cannot learn here, it's alright to make mistakes in the beginning but we need to evaluated ourselves, if we are still doing the same mistakes again and again then there is a problem with us, the only solution is to minimize our loses and we need to quit for that. |
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