Losses

[brawdias]

What do you guys think is a good approach to avoid losses when you trade?

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

[1713565091]

1713565091

[Jericka D Ranillo]

You can avoid losses in trading just only remember buy low sell high. When there is a pump sell that coin and when there is a dump buy. But pick a good coin to be trade that will 100% have a volume. Dont trade unfqmiliar.coin that can be dump forever.

[Moiyah]

When I do trading, I am setting my profit before I sell my coins. For example, I will set 20-30% of my profit. In a few days or weeks when my target profit was reached, then that is the time I will trade my coins. But not all of my coins are doing that kind of strategy. There are still coins that I still hodl and worth to be kept in a long term so I can gain higher profits like eth and bth.

[HabitsIntensified]

When I do trading, I am setting my profit before I sell my coins. For example, I will set 20-30% of my profit. In a few days or weeks when my target profit was reached, then that is the time I will trade my coins. But not all of my coins are doing that kind of strategy. There are still coins that I still hodl and worth to be kept in a long term so I can gain higher profits like eth and bth.

Do you ever use stop loss?

[Arwinkim]

I don't set exit target like -5% or 5% and so forth. I simply find nearest resistance to get my position off. When my target is reached, I will sell it to find other undervalued coins. It is just a simple rule anyway. Buy low sell high. That's it. However, there are still other coins which are worth to hold for a long term like EOS. I don't really care when it falls because I believe it will rise up.

[rommelzkie]

Your Stop Loss must be the same as your take profit range. If you set your trade at 5% take profit gain. then your stop loss will be - 5%. Just always accept the market movement and don't let your loss accumulate.

[Pursuer]

What do you guys think is a good approach to avoid losses when you trade?

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

yes that would help and you should always have these numbers set in your head for every trade but this is not the first step. this is more like the final step after you did everything else where you just put a safety net for yourself.
the first step that you should take is to choose your investment wisely! master timing! and have a perfect plan. if you buy a coin at the right time you won't even need these percentages. they are just there as last stance.

[Tomik21]

Perhaps the first step is simply to choose some coins in which you believe. And keep them at least until the end of the next bitcoin jerk. Or zero. Observe money management!

[hugeblack]

Personally I believe that greed is the basis of losses,  trading is not for everyone.

 - A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
 - Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
 - avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.

 Trade needs patience, attention and concentration as well as intelligence

[Qunetick]

Personally I believe that greed is the basis of losses,  trading is not for everyone.

 - A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
 - Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
 - avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.

 Trade needs patience, attention and concentration as well as intelligence

losses is nature on a bitcoin feild, but for me we really need to learn from our mistakes to avoid losses in the near future, I think we need to make a self study and put basis on our past mistakes to avoid losing an amount in our journey in this bitcoin feild. Bitcoin is an amazing ways to earn but if we don't have enoughf learning and patience we may be lose in the future.

[FalcoonRed]

when I trade I set a price with a minimum of 2x higher than the price I memebeli it is a way so as not to risk loss but takes a long time depending on the good and bad market.

[Slow death]

What do you guys think is a good approach to avoid losses when you trade?

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

you must know the project very well, you must know who the creators of the project are and how this project could be useful for society, will there be people who will use such a project? and how many people can use such a project? will the project be sustainable in the long term? what do the competitors offer and what is this project better than the others? do this type of research and buy it if you are sure that all is well and hold for the next few years. however, in the case of bitcoin I also recommend that you buy low and hold for at least a year or more of a year

[trecore4]

What do you guys think is a good approach to avoid losses when you trade?

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

For me that depends on the coin that I am trading on. I mean right now my portfolio is around 5-6 coins and of which three of them are ETH, XRP, NEO. These coins are certain that they will regain the dominance as the previous ATH they had so I dont have to worry about them at all even if they are going down a way lot. I mean just look at the current situation. They dropped a lot over past month and caused me loss of around 40-50% from each of them but I did not put any limit order or manual order on them and successfully gotten the break even back as the portfolio started growing back! Thats what you do, you choose to trade according to the coins.
For rest of them I do keep -5-10% of limit in the loss. And considering the profits, I will try to gain as much as I could but without getting greedy.

[Caladonian]

For me, It's very important to set your goal, both buying and selling your assets, if you have this skills and you know how to practice it well, then
losing inside trading will be much lesser, those who understand how to take advantage of certain movements inside crypto are the one who can
really enjoy decent earnings, many wrong decisions has been made together with panics and greediness, so better to understand everything first
before dealing with it.

[bitbunnny]

You can't avoid losses, sooner or later they will hit you. So it's good to set some limits how far can you go and what is acceptable. But this is very individual so you have to make decision for yourself. And don't cross that boundaries.
The worst thing you can do is to force recovery immediately after loss, probably you will only make things worse. Take a day or two, cool the head and think about strategy what to do next.

[Wonder_woman]

You can avoid losses in trading just only remember buy low sell high. When there is a pump sell that coin and when there is a dump buy. But pick a good coin to be trade that will 100% have a volume. Dont trade unfqmiliar.coin that can be dump forever.

You are right but sometimes when I do this while I am waiting for more higher I always do the waiting but the timing for me is not right. So, it's really hard for me to trade since sometimes I am afraid on gamble it but in trading we really need to gamble.

[dothebeats]

Losses are unavoidable, though you can try to minimize it by not trading with your emotions and impulses due to some abnormal market movements. Most of the time you will see that the price is being manipulated while you are lured in and inclined to think that this is a legitimate market reaction. Due to this, you won't be looking for any signals available but instead be charging head-on in buying since you think this is all  natural. Also, when you're already on a losing streak, it's best not to chase after them simply because your inner rage and the urge to "win" may lead to further losses on your end.

[ariyzt]

yeah i always make a target when i buy coin
what price i will sell and what price when i cutloss
so when the price is down , my loss not that big
for sure Losses are unavoidable

[BrewMaster]

the first step is obviously as others said, to choose your investment wisely but also you can to be able to choose it the right time. for example even the best investment like bitcoin has downtimes. if you bought it at $20k that means you put yourself out of the game, you have to hold until the recovery or you have to sell at a loss to come back to the "game".

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

yes but that depends on the market it never is a fixed number for me.
for example in a small altcoin that is starting to get pumped and i catch it at the start of the pump, the % is somewhere around 100%
but in a bigger coin that is getting pumped this is around 20-30% or less even.

[yesss]

What do you guys think is a good approach to avoid losses when you trade?

Do you guys set a number before selling, for example, only trade when you have  -5% or a +15% ? Any guide?

The market at the moment is a lot of fluctuations, you have found that prices of bitcoin and altcoin are continuously increasing for several consecutive days and there is no sign of going down. At present, bitumen prices are showing signs of correction and at the beginning of time, there are divergences. So I think you should not trade at this time would be very dangerous.