If you're ~15% in the red, is it crazy to sell?

[TheUltraElite]

if I always use the principle of stop loss if 10% I don't dare to hold the coin too long because the market conditions are now bad. if it has exceeded 10%, I will stopp loss and look for other coins

So you mean you will simply sell your coins at loss and then move on? I would not suggest that for bitcoin but for altcoins its debatable. If you are holding some alt which is going to be big in future you would want to hodl it even if it might be at a loss from the price you bought. Because you believe in it and have faith in yourself that its going to be big in future.

If you do not believe in something to be big then dont out your money in it the first place, but if you did stay true to yourself. Again diversifying your assets is important so I wont discourage you but be wise about what coins you put your money into.

[Tipsters]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

You should always know your tolerance level. Risk management is the key to successful trading. So this is very vital for that purpose. When you enter a trade, you know what level to exit. Either by lock in profit or cut loss. Practice that and you'll know the difference.

[CASTIEL05]

Nobody knows what will the Bott be.

Ethereum may never recover, and go to 10 usd or less.

I am holding , but I think its a highly risk move.


There is no shame in selling at 15% loss. Better than sell at 90% loss

I agree with your opinion, they say that if you cannot control your emotion and expectation to the market, wait until the market proves it to you. If we know that we have fault in buying at the wrong position then sell already. If we are not ready to execute the trade successfully, then make a stoploss. That is why a lot of trader holds their token because they cannot see how much they loss. Well, we need to fight with that so that we do not loss a lot.

[Nasty23]

if I always use the principle of stop loss if 10% I don't dare to hold the coin too long because the market conditions are now bad. if it has exceeded 10%, I will stopp loss and look for other coins

So you mean you will simply sell your coins at loss and then move on? I would not suggest that for bitcoin but for altcoins its debatable. If you are holding some alt which is going to be big in future you would want to hodl it even if it might be at a loss from the price you bought. Because you believe in it and have faith in yourself that its going to be big in future.

If you do not believe in something to be big then dont out your money in it the first place, but if you did stay true to yourself. Again diversifying your assets is important so I wont discourage you but be wise about what coins you put your money into.

Yes I agree with you, if you do a proper research and believe on the coins platform why we should do stop loss on it? If we know that it have a big possibility to be well known in the community soon on which can possibly give us a huge profit in the future. Just hodl it and wait for the right time to sell it because the market is unpredictable on which anytime it can be go up or go down.

[Netnox]

I would just add one thing. From what I have noticed over the last six years, if a coin is going down continuously for one or two months, then the chances are that the trend will continue in the future. This has happened to 90% of the alts.

[Aivaryamal]

Guys, understand the rule in the crypto-currency market, where assets are very volatile, you will not lose money until you sell your crypto-currencies at a price lower than you bought. For growth in the coming year, a lot of prerequisites, be patient)

[onirecon2018]

The professional investors they usually use the stop loss command extremely effective and reasonable, you probably do not use stop loss order for this case so if you can not brave loss then you have to determine hold it.

[legenduim]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

You should always know your tolerance level. Risk management is the key to successful trading. So this is very vital for that purpose. When you enter a trade, you know what level to exit. Either by lock in profit or cut loss. Practice that and you'll know the difference.

15% of the loss is not this level to exit. I know that the guys go on holding their cryptocurrencies even when they lose much more. Meanwhile, everything here depends on a person and his patience.

[TheUltraElite]

You should always know your tolerance level. Risk management is the key to successful trading. So this is very vital for that purpose. When you enter a trade, you know what level to exit. Either by lock in profit or cut loss. Practice that and you'll know the difference.

Majority of the people dont understand risk management at all. They come in to make money and hope for huge returns on small investments then they complain about it and cry that it was a scam. I am surprised by the mentality of these people. Its speculative trading and they call it scam when there was no scam at all. Either they dont understand how market works or how a scam works.

Seeing a loss on part of the price gets their pants in a twist since they bought in at a high price. Its an obvious thing but its also important to learn how to be patient when prices drop like this.

[Aivaryamal]

True investors should be ready to reduce the market by 50%, otherwise there is nothing to do, it is primarily a business that needs time to develop

[LeGaulois]

15% in red is not a lot in reality. Go to say this to people who have lost over 60%. At a 15% level, I don't think it's the right move to take by selling. It could depend too on what percentage of your portfolio is outside the crypto sphere and how did you balance the risk firstly. I would wait some weeks before selling, you can be able to reduce the 15% to 10% maybe.

[LuvCyanide]

If you bought on a bear market, it would be right to sell with a loss of 15%. If the market is bullish, it is likely that the price will grow soon.

[Adriano2010]

If you bought on high and now if you sell are in a loss maybe is time to hold, but if you need cash money and not want to wait long time is better to sell, but this is only your decision. And invest only money that afford to lose, take it as an investment which can bring profit or no.

[nydiacaskey01]

Nothing wrong if you Sell even at 15% loss from the price that you bought your coin as long as you plan to buy something else with a greater chance of earning more and recovering what you've lost from that recent investment. Whats wrong is you Sell your coin at 15% less than bought price and do nothing with the proceeds. You need to have a plan and besides why wait till you see that you already reached 15%, you should act fast, its your investment.

[Yatsan]

Guys, understand the rule in the crypto-currency market, where assets are very volatile, you will not lose money until you sell your crypto-currencies at a price lower than you bought. For growth in the coming year, a lot of prerequisites, be patient)

Given that the assets are volatile, pretty natural in the crpyto market right? but until when they will wait? Imagine if all investor and traders wait until the market boom again, it means another chaos will be there since lot of people waited that time and this kind of market we are experiencing will come very soon too. We've seen this industry growing however people in here seems to be toxic now.

[Timmzzy]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

CRYPTO market is all about understanding, I bet the dip is scaring lots of weak minds away and making investors sell off... I am not 90% sure of my self holding for long.

[prabakharras]

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

[rosepetals]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

You can sell at 15% loss mate if thats what you think you need to do and want,theres nothing wrong with that.No one could ever predict when will be the market would go upward and sometimes there are really emotions that we cannot control but to gave up.Better invest on another coins that has a big chance to recover the loss.

[btc_angela]

suddenly it made sense to sell even at $4000
https://www.coingecko.com/en/coins/bitcoin

That's why it really depends on how you look at your lost. Going back to 15% lose, I would say that its not a good thing to sell because we all know that the market is very volatile and a swing of 15% regain is very common. So it really depends on a lot of factor specially how you look at your investments, whether short or long, just saying.

[superstarbtc]

the exit of any coin in early stages is advisable then we can make some early losses and gain again in another coin in profit most of the traders have experienced this market volatility and unable to take decisions