Today $150 loss from storm coin in binance , now what i will do? please help

[shipon01683]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

[Tankdestroyer]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.
Thanks

Are you referring to this coin? If you want, you can cut losses now by selling but that won't do you any good. You should continue holding it, IMO storm still have potential in it for growth(if you are referring to the coin in the link), Don't panic sell just yet. It is normal that a coin dumps once in a while, so get used to it if you are gonna continue trading.You can just sell it instantly though the moment you got decent profit out of it to relieve your fear.

[coinwizard_]

Coins go up and down all the time. Never heard of storm so can't give any advice there. Take a look at the trading volumes and compare the number of buyers and sellers. If buy numbers are low then get out and switch to another coin. Also check the road map to see if there is anything that will raise the demand in the near future

[Ctn]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

This is what called as panic attack! What you suffering from is the situation which you must avoid now to stop your loss. I mean you might just think that you should sell all the storms that you have got but its wrong. You should not go that way and must hold your coins. I would suggest you to wait at least for weeks or so and thus you will see the storm rising too. I mean most of the coins are just getting little glitches and nothing else. 100 satoshi is not a big deal so you dont have to worry about it.

[shipon01683]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.
Thanks

Are you referring to this coin? If you want, you can cut losses now by selling but that won't do you any good. You should continue holding it, IMO storm still have potential in it for growth(if you are referring to the coin in the link), Don't panic sell just yet. It is normal that a coin dumps once in a while, so get used to it if you are gonna continue trading.You can just sell it instantly though the moment you got decent profit out of it to relieve your fear.

no i don't want to reffer this link i just share my afraid for peace from senior trader. and

i want to hold more time. if i do hold can i make profite ?

Thanks

[wayaneka]

The price of Storm down because the price of BTC going up, actually in rate USD you not loss, in fundamental analysis Storm has massive potential to keep growth because they has amillion active user, we can see it from their mobile app that downloaded by amillion user. In technical analysis Storm has big chance to going up because this token was going to to highest level $0.2 a few month ago and could be this token will go there again, just need more patient wait for that.

[tomahawk9]

What's with the poll? 

i want to hold more time. if i do hold can i make profite ?

Thanks

There's a high chance that you can make some profits, but you gotta be patient, you might have to wait for the next uptrend or altcoin cycle.

I'd recommend you to keep calm and hold for the time being, market is going down at the moment so no reason to panic dump Storm. Also, friendly advice: don't give in to emotions, if you do you're going to make some poor decisions.

[janggernaut]

What's with the poll?  

Looks like it has same answer and dunno what's "n" stands for? It might be "No".

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

Sorry but your words are contradict. You said you have made profit many times, but now when one of your investment goes down (STORM) you have become afraid and don't know what to do. You should be know about this and make up your own decision (either to hold it or sell for loss).
Don't say "Loss" when you didn't sell your token yet.

[Pelevelyl]

When you buy altcon, you should know at what price you will sell. If you don't know it, don't buy it.

[ansi]

Day trading should be with SOLID coins / tokens only so you don't get burned when the market " wanna " correct for some reason.
If this coin is solid enough & promising, then nothing to be afraid of, just keep holding it & like they say in crypto, you're not loosing unless you're selling.

[StLucifer]

If you have made profit in binance then you must accept that the coin may go down as well after you buy...even the most experienced ones are not always in profit..its part of the trading..As of storm it can go up again...you must decide if you can hold it or sell it for some loss

[LogitechMouse]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.

Thanks

I see that you are a beginner like you said because most traders think like you are. Instead of panicking of selling it, why don't you just hold it until you get some profit. Take note that cryptocurrencies are volatile and now is the market correction day. Market correction is a challenge for newbies for their patience. Be patient, just hold your coins and wait for it to rise again. Instead of panicking and posting like this, why don't you just buy more since its down now. In the end you will get a greater profit as it shoots up its price.

P.S. Don't sell your storm coin until it rises or if you are impatient enough and you can take a loss then just sell it a loss. Don't regret after you see storm's price rise in a few days.

[Leonard2016]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.



Thanks

first : Don't worry , losing is a part of trading.
second You should have used stop loss if you are a day trader or swing trader .
Good thing is that you know it!
You could have lost more money to find that out , So be thankful and keep it on.

[renes]

Loss in trading is very common and part of the making money you should not worry about it so much. I don't know storm coin but it probably decreased due to general market decrease so don't sell for loss!

[ariyzt]

u wont loss unless u sell ur coin/token
just be calm down and dont panic
be long term hold
or sell and move on another coin/token

but i can suggest hold urs then wait for the price go up

its called experience u can learn from now then

[Mahanton]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

No senior trader would able to help you out regarding into your situation but we would able to give you some idea but the final decision would really be depending into your view on the coin which you had bought which is storm. Come to think of that not all days on trading would really give you a happy face or simply a profitable day which there are really times where you suffer loss. Panic is common but selling off on loss would always be a bad idea. Whats the reason by the way why you bought storm on the very first place? Its either would be for long term or just shorter ones.

[BartS]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

You are the one that made that trade, you know why you made it, you should have a strategy of what to do when things go wrong since you are not going to win every trade, if you are a day trader or a short term trader then it could be a good idea to have a limit to the percentage that you are willing to lose in a single trade, by the looks of it you are losing about 14% on your trade, if that was me I would have cut my losses when I lost 10% but other traders may prefer a tighter margin and some others may prefer a larger margin but that is up to you.

[shipon01683]

Thank you very much all of trader for your important words. I will try to work with patience in the future.  

[marginal]

I`m not a senior tradeer, but I would suggest to not panic, and be patient. There is always a chance that price will again go up!

[Gridness]

i am beginner trader in binance. many  time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader  please help my subject.


Thanks

If you still have the capital, you can buy back the coin twice as much, but if you do not have enough capital you hodl so the price goes back up. Patience in trading