As a successful trader, how do you cut your loss short?

[godfredmanu]

An entry and exit points must be set even before the trade is executed. This points must be attribute to some conditions sets by the trader. The rest is to focus on those conditions. With this ,you can cut your losses short as soon as those exit points is triggered.

[have1983]

According to the market fast stop loss, and strictly follow the operation. This is the best way I think to shorten the loss.

[jamids]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

I am not yet a successful trader but I aim to be one. One thing I do so that I can prevent further losses is to have a trading plan always. I cut my loss when  it reach 10%. I don't want to wait for long and I saw some coins dip as much as 90% so to avoid further losses, I would just cut it when it reach that price. I have a risk reward ratio so even if I cut my losses, I would just wait for it to settle in a possible support and go in range and then find a good entry price. I know that others may advise not to sell because it is just unrealized loss but I don't intend to wait that long. I am not just a long term hodler.

[mistajackson]

Always have to have a plan for each trade. if its not going your way, your stop loss would be if you spotted a trend change. For example a long term trend candle closes above the previous one.

[alizalela7]

If you are a trader you want to cut short holes, then you should invest in different areas and spread them out, while the condition you apply short-term strategy and the contrary depending on tactics. so you will make cut your loss short

[DevelopmentBank]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Good question. This is something that i have always struggled with as someone who is learning how to trade. It is always easy to buy low and hope to sell high because when it comes down to it you just need to wait for your profits to be realized and there is always A CHANCE that it will happen. However, when you cut loss, you already give up and forfeit any and ALL chances at earning profits.

So my opinion is to always buy with a long term perspective and invest in coins that you truly believe in. This will lessen your headache and indecision whether to cut loss or not.

[Bowtiesarecool]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Good question. This is something that i have always struggled with as someone who is learning how to trade. It is always easy to buy low and hope to sell high because when it comes down to it you just need to wait for your profits to be realized and there is always A CHANCE that it will happen. However, when you cut loss, you already give up and forfeit any and ALL chances at earning profits.

So my opinion is to always buy with a long term perspective and invest in coins that you truly believe in. This will lessen your headache and indecision whether to cut loss or not.

For someone's who's been struggling to find the definitive source for learning how to trade and read crypto signals - with no success what so ever. I've found this method to be the most useful. DYOR into whatever you want to buy. Buy it, and dig in deep till it gets to your target

[justin86]

can't  I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

[Michaiah]

If you set table and money frame I don't see you'll be having a big loss at all, just set for a capital to start then start trading 💹 if you gain something until you doubled your capital then save the gain, then start over again, just remember the amount of your capital this is the amount you can risk to loss... More than that is no, stop and have a break first then start all over again.

[Leah38]

I'm not an expert trader and I do day trading only. I join trades that are active by that time and ride with the up and down. Once you felt the trades are slowing down better get off and sell at profit. Whales play at trades and I just ride with them and get off with btc on my balance, not alts coz whales usually go to next coin the next day.

[liuqi]

can't  I am not a succesful trader, but I can as a bad trader tell you lots of stories how I make loss. Since most coins are now very cheap compared to 2017 I scare to trade.

If you are right trader you must analyse the past chart also every year first three to four months all the cryptocurrencies are down in the market but this year still fluctuating. So it is your responsibility 2017 also cryptocurrecies are fluctuate in first four months so don't compare to past data. We should predict the future possibilities then only you will make success in future trading.

[Klovezio]

If you are a trader you want to cut short holes, then you should invest in different areas and spread them out, while the condition you apply short-term strategy and the contrary depending on tactics. so you will make cut your loss short

I do trade in different area. I won’t wait for the lowest point to buy, I always buy several times at different price. Then sell them at different price.

[bagikoin]

play long term. I've been applying it more or less two years and am very satisfied with the results. by playing a clear long term risk of loss will be getting smaller due to the development of prices of the coins rise very high. though many doubted but the result I already feel themselves especially in the bitcoin and ethereum.

[witch]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Try to turn off your emotions and set stop loss order below an important support. If your trade works out, let it swing and move stop loss order.

[Raziel444]

I'm not yet successful but I just invest what I can afford to lose.

[moneyangel]

you need to make mistakes in order to succeed and to get rid of the lessons in this way you will take the first step towards becoming a regular investor.

It seems I can relate to your statement, yeah that's what they called traditional way as you need to make mistakes to be a better trader but you can excel without committing errors but I think here in crypto you can't avoid that. Follow your gut feeling will be the last resort.

[sehoon]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

Before trading takes place, read a lot of things about the coins you want to trade and the coins you want to acquire. You must know how the market moves and plays as of the moment in order to cut your loss. And there are also times you won't have any loss as time goes by particularly when the green days come or the next quarters of the year.

[real eyes realize]

Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??

I am not a great crypto trader maybe, but I can clearly say that do not take huge risks with huge amounts. Also, in my way of thinking, panic sell never cut your loss.

In my opinion, being cold-blooded is very important to prevent losses.

[didzi]

sell your crypto as soon as possible when the markets is going down deeper, and buy again in the bottom
so, you can collect more your crypto again in the bottom price
this will minimiza your loss and you will get more profits too, when the price is rising 

[mamesso]

sell your crypto as soon as possible when the markets is going down deeper, and buy again in the bottom
so, you can collect more your crypto again in the bottom price
this will minimiza your loss and you will get more profits too, when the price is rising 

This can only be done by people who already have experience in trading.
need the courage to buy back, we do not know the lowest price so do not all in. prepare backup.