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

[TheWolfCrypto]

The reduction of losses is reduced to the constant fragmentation of assets into various coins, to reduce the risks, it is also impossible to do without timely receipt of information through the channels of foreign resources, for example, in Telegram.

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[aggeyysido]

Additional purchase of altcoins, the growth of some of them helps to minimize losses, because there are still promising cryptocurrencies.

[Dobriy 4el]

to have income in trading it isn't necessary to be greedy, it is necessary to be cool. Investments need to be divided into parts and to buy different coins on a part of the sum. To store a part of the sum to buy in addition a short flight of stairs

[Markperop]

to have income in trading it isn't necessary to be greedy, it is necessary to be cool. Investments need to be divided into parts and to buy different coins on a part of the sum. To store a part of the sum to buy in addition a short flight of stairs

if there are certain losses, then I generally suspend my activity for a while. A very good example of the external state of the crypto-currency market, when you can not sell coins at today's price.

[Hamphser]

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

Most people do say don't sell on loss but there are particular situations which you would really need up to cut loss to prevent more deep negatives which can really possibly be effective on some certain situation because not all cut loss do put you up on disadvatange because this can also save you up on further disaster but doing this thing wont really be that easy since this would really require in deep analysis and a mix of intuition regarding on the decision you would made up.

[a31078]

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

Personally, what I do to cut my loss short is to buy a con when it is low and hold it till when the price is high before I sell as long as it is a promising and potential coin. I also buy smaller altcoin that I believe are profitable and sell when the price rise.

[xclusiveguy]

As a successful trader,  I watch the chart very well and have to be very careful in checking the chart,  Just in case I am caught in the bear I have to sell at stop loss so as to get out of the trade before it gets more dipper

[demobad]

To avoid significant losses when trading on the exchange, I buy and sell cryptocurrencies in several stages, thereby minimizing the percentage of losses.

[manwithsuit909]

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

Strategies how will you trade,preset cut loss and cut earn .Dont get greedy and emotional while trade ,that's the basic

[tonlong]

I can not stop loss at this point, the more I cut, I find myself stupid because I know this market will never collapse and it will go further. So the best way in this stage is to hold them, when the market is called stabilization. You can cut hole with lowest possible level.

[btcjocan]

i can not be considered as a successfull trader but i know a few thing that you need to do to cut your losses.
first you must have your own strategy,and put your position.
after you put your position,do not forget to use stop-loss order.
why ? because it's a tool to help you minimize the loss,insert your target into your stop-loss order and wait for it.
if the price goes down to below your level,the order will be executed.

Stop loss order is very risky, you can end up with a bigger loss. For me the best way to cut losses is not selling or not doing panic selling. You should know the price you will sell if things go bad.

All traders come up with losses but to cut it shortly prior in good condition well i think as successful trader must choose for the best way to scape those lapses in orther to obtain good profit and go far beyond the losses.
and we know that every user has there own way of strategy that beyond by others with or without experience will be the own strategy would give satisfaction by end.
just to think twice, read, understand and learn what you've done.

[whk0]

Well I'm not a really successful trader I guess (depends on the definition of this word) you should be patient and never sell if you fear.

[CRYPTOGANGSTERs]

The most well - known and no less effective way is risk diversification. What it means is not to invest in one cryptocurrency, but to invest in a group of cryptocurrencies, which will make it possible to avoid large losses in the event of the fall of one of the cryptocurrencies in your investment portfolio.

[Thyristor]

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

Still i'm not a complete successful crypto trader. Because good profit not coming from it. But i have no loss in trading through first time i lost some big amount of money than after couple of weeks i'm able to recover it. "No risk, No gain" i believe this rules specially it's applicable in any single business.
But i always feeling comfort in short term trading.

[lollosss]

I can certainly relate themselves to successful trader, but to reduce losses I tried pointing the settings to the maximum decrease and increase when the deal can be closed.

[BTC_ADA]

Any successful trader has several sources of crypto-currency income, if any of them happens to be a drawdown,you need to normalize the picture by pouring part of the capital from another,but in no case do not go all-in.

[Upercusa]

i can not be considered as a successfull trader but i know a few thing that you need to do to cut your losses.
first you must have your own strategy,and put your position.
after you put your position,do not forget to use stop-loss order.
why ? because it's a tool to help you minimize the loss,insert your target into your stop-loss order and wait for it.
if the price goes down to below your level,the order will be executed.

Stop loss order is very risky, you can end up with a bigger loss. For me the best way to cut losses is not selling or not doing panic selling. You should know the price you will sell if things go bad.

Once I planned the price at which I "retreated." After I sold, bitcoin grew by 50%.  I've never felt so bad as at that moment 

[andrei56]

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

When it comes to trading you should always have an exit strategy even before you make a trade, you need to set an amount of money that you are willing to tolerate to lose during that trade and once you lose more money than that you need to cut your losses and move on, I know that a lot of people do not like to think about this but if you do not think about the worst case scenario then you will not be prepared for it.

[justspare]

Any successful trader has several sources of crypto-currency income, if any of them happens to be a drawdown,you need to normalize the picture by pouring part of the capital from another,but in no case do not go all-in.

No smart trader will even go all in on a single trader as that on its own shows someone who is less knowledgeable and simply does not have any clue on how to trade the market. Asides trading, there is always what is referred to as money management and the rule usually is not to trader more than 5% of your capital on a single trade, which at times can preferably be 2%. Stopping loss is all based on one's strategy and strategy is one thing a trader does not want to not have when it comes to trading.

Well I'm not a really successful trader I guess (depends on the definition of this word) you should be patient and never sell if you fear.

That actually shows you are an inexperienced trader. Being patient and being good at what you do are totally what is important.

If you want to be investing long term, then patience may suffice for you but for a trader, there is absolutely nothing like patience, there is just strategy as what you are simply doing is taking advantage of the market fluctuation for your own gain. Have a strategy, buy when you feel your strategy play out, sell in the same vein, and cut loss at least before the bounce at the point where your strategy played out.

[Deku]

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

When it comes to trading you should always have an exit strategy even before you make a trade, you need to set an amount of money that you are willing to tolerate to lose during that trade and once you lose more money than that you need to cut your losses and move on, I know that a lot of people do not like to think about this but if you do not think about the worst case scenario then you will not be prepared for it.

indeed a strategy is very necessary to play trading,
because if you make a wrong move your money will definitely get stuck and you have to play cut lose