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

[KnightElite]

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.. 

It is not a craze decision because maybe it is the best way for us to avoid more losses. I have many experiences that I really regretted, there are times that I thinking if it is better to do stop loss for me to buy in the dip but I did not do it because of my overconfidence.

[Sum24]

better sell at 15% red than holding till 100% red

It seems you are lack of knowledge in crypto currency because if you were an expert you never said that by the way you should learn all those rules that in crypto it’s not possible to see 100 percent red and holding has always been so beneficial I have never seen people complaining for holding because it takes time to make everything fine so i am holding only.

[TheUltraElite]

better sell at 15% red than holding till 100% red

That depends on a lot of things dont you think? Simply selling away bitcoin when it was 10$ would have ended in a bad decision if that person was alive to sell for 10k $ in 2017. People dont understand the stuff that drives the market or how things work here. Bitcoin does have a lot of support from those who believe in it and those who see the future in it. Of course you may panic and sell at a loss if you prefer to like that and not see the long term effect.

However good things come to those who have patience and patience is very important in any speculative market. Being biased and impulsive will only lead to your losses.

[ajaymukund]

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.. 

well, that's a good decision, but consider it. because 15% is a pretty big number and you made a mistake because you did not order a stop loss. holding at the moment is not positive because we are not seeing any positive signs. Selling and trading will be better.
When you decide to sell the number of altcoins you are holding, make sure not to repeat that mistake again. You may not have anything left in your pocket.

[The Cryptologist]

It's not because it is called stop loss.  Some of the seasoned traders are always implementing it even in just a small decline in value. But you should also observe if it's just because of a fud or the projects has nowhere to go and just now a useless token.

[Wipangga]

I think you can survive in the near future with a stable market price, because it also believes that in the near future the market price will also increase again, seeing that the current development is getting better.

[nydiacaskey01]

You waited to reach 15% till you realized that you need to think if you need to sell now or wait. This only means you have no plans prior to buying the coin that you are holding. Before you buy any coin, you should at least plan ahead, do plan to hold it for a long time or sell it when you reach a certain price. Failure to plan your exit is not healthy for you and your bank account so better plan ahead of everything.

[dmamigo]

I personally would say, yes, it is crazy to sell at loss, whatever may be the percentage, but we also have to consider the facts that what are the coins, how much is invested, how much can the investor bear a loss over a fixed investment, why the investor needs to sell excluding the reason that he/she is in loss.

Like, if the coins which have no future prospect, sell them wherever you are, and if you are unsure, just do some more research, talk to people, get some idea. And then, the reason other than being in a loss totally depends on the investors. Now, IMO selling in a loss unless and until it is heavily required to do, just ignore selling in a loss.

[nelson4lov]

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

[Yamifoud]

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

The situation is totally different from what it shown in the past years.  Our market trend today is not aggressive as it have. Many we're losing their money and it gives a little bit worries when seeing no market price improvement.
If we keep on holding, nothing to happen.  Some coins are continuing to decline, though it's too crazy to sell but we must in order to stop from losing it anymore, otherwise we've got nothing in the end.

[Ipwich]

Someone once said, You're not in loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in loss.

The situation is totally different from what it shown in the past years.  Our market trend today is not aggressive as it have. Many we're losing their money and it gives a little bit worries when seeing no market price improvement.
If we keep on holding, nothing to happen.  Some coins are continuing to decline, though it's too crazy to sell but we must in order to stop from losing it anymore, otherwise we've got nothing in the end.

Therefore it's necessary to act based on the market condition, since it's bearish now, we should not be aggressive anymore, otherwise we will only loss our money. Go with the flow, not against it, and holding is still the best way to combat the situation, we aim for success so we have to do things in order to achieve our purpose. As if the market before were not able to experience bearish, we've seen it many times so it's nothing new to us.

[coin_1122]

Someone once said You're not in a loss until you sell. And in my experience, That's true. I wouldn't suggest that you sell at a 15% loss unless more downtrend is expected from the coin. To avoid such in the future, Endeavor to place stop losses on your trade. That way, You can skip this part and not worry about selling in the loss.

This is a great idea for keeping the sell order instead of losing more value in the market. I don't see there is an option stop-loss option in the present exchanges. So we need to calculate ourselves and start planning them by keeping sell orders.

[iMark]

better sell at 15% red than holding till 100% red

It seems you are lack of knowledge in crypto currency because if you were an expert you never said that by the way you should learn all those rules that in crypto it’s not possible to see 100 percent red and holding has always been so beneficial I have never seen people complaining for holding because it takes time to make everything fine so i am holding only.

I thought maybe, because many shit coins fell and died? the point depends on the market conditions of the coins that you buy,
if there is no chance to go up, then it's better to sell when there is a chance maybe %15 that's not a big loss

[onrise]

I don't support you to sell at 15% loss,if you are a trader,this is the time for you to make money by buying more and cut out you losses whe the market moes to 13% loss or even lesser and keep continue to make profits from it.

In trading 15% at times is nothing considering the volatility market moves crazy and up and down keep on happening . At days some coin can rise to more than 70% and fall back quickly too and rise again. Yes it is risky but selling at 15% is not ideal unless you know it will keep on falling .

[TheUltraElite]

This is a great idea for keeping the sell order instead of losing more value in the market. I don't see there is an option stop-loss option in the present exchanges. So we need to calculate ourselves and start planning them by keeping sell orders.

You can observe the sell and buy walls are obtain an idea about the current trend. It keeps changing because news are being released and paid manipulation is also there.

However which orders to keep and which not to keep is also a tough choice to make. This needs practice and without trading in real one cannot understand the in and out of such orders. Setting a stop-loss is good but then waiting it out is also a good thing. You dont want to lose your coins at the wrong instant because someone told you to dump them. Thats being dumb.

[malphite534]

There are no right or wrong in trading, you should trust your own decision and strategy.
 
However, I will not sell ETH at this price even if it is in 15% loss. I think that it is a low price for ETH and we never know when the price will start to rise.

Ye's even your strategy will gonna win or loss it's enough to take the risk of the market at this situation Still no dates given to grow up again the market.

[Altero]

There are no right or wrong in trading, you should trust your own decision and strategy.
 
However, I will not sell ETH at this price even if it is in 15% loss. I think that it is a low price for ETH and we never know when the price will start to rise.

Ye's even your strategy will gonna win or loss it's enough to take the risk of the market at this situation Still no dates given to grow up again the market.

I'm on a way to hold and keep it holding until I see even a little profit on it.  Selling at this time it's something to look a suicide, and we can't bring it back. I know not all of us can manage to hold especially when you are in need of money. Many case will take a matter for our decision and we should think it before anything else happen.

[Ribbitforum]

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.. 

of course its crazy to sell 15% is already a big loss for your investment, holding is the best option and long term will give you enough profit

[imstillthebest]

better sell at 15% red than holding till 100% red

yes you have some points  but holding till 100% is much better because you can still recover your losses since you didnt sell right ?  as we all know that the market  can fully recover and rise more however that may take some time especially on the current situation where crypto prices are in pretty bad condition  . but overall , seling is not a bad decision to make when you know that you badly need the money for more emergency events  .

[iv4n]

better sell at 15% red than holding till 100% red

yes you have some points  but holding till 100% is much better because you can still recover your losses since you didnt sell right ?  as we all know that the market  can fully recover and rise more however that may take some time especially on the current situation where crypto prices are in pretty bad condition  . but overall , seling is not a bad decision to make when you know that you badly need the money for more emergency events  .

How can he have a point when bitcoin never was in 100% red. What more history showed that bitcoin always recover on previous ath and gain some more points and new ath along the way. What is the problem in waiting a bit? Some shitcoins are going in 100% red, but than you dont trade with shitcoins, trade with prominent and top coins, when did you saw any of them red for too long?