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

[cr7]

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.. 

Personally, my experience has shown that selling coins in the negative is a bad step!
Because the world of cryptocurrencies is unpredictable, today -15% tomorrow +100%.

[1714831981]

1714831981

[1714831981]

1714831981

[1714831981]

1714831981

[1714831981]

1714831981

[kidoseagle0312]

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.. 

Even you know that Hold was still the best, and yet in the end you became impatience. I can't blame on that things mate, you might be in needed by that time that's you did it. But for whatever reason its just a bit of loss, perhaps it is really bad if you sell it more than 50% of loss, but its only 15% So, I think its still fine I guess.

[Sum24]

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.

Nothing is confirmed in crypto and no one can tell you about perfect time that you will have to predict by your self with the help of increasing and decreasing number of investors.  Related to the post i must say no need to lose even one  percent as crypto is full of profit only there is no lose if you are at good strategy of holding  make sure you win 100 percent.

[Phantomberry]

No, It is normal on -15% loss than you will regret lately just always be patience all the time and don't worry the small dump. Everything will be fine and soon will bitcoin could lead to bullish run.

[Goodvalony]

follow your instinct. the market is unpredictable. the worst is that we are trading a highly volatile market. i advise that you sell 50% of your coins and keep the rest. it might wing back but always be on the alert. the market will definitely swing your way once but it might take time. it might crash out your token and you will loose everything.

[detector]

IMO, you can using trail stop on range 5% - 10% maximum loss in order to prevent further loss.

So about your statement, I think it's quite a lot but every people have different loss tolerance because who knows after loss 15%, the value begin to uptrend !

[lumira555]

One of the biggest enemies to a trader is emotion--fear, specifically.  When the thing you bought is dropping in value, it's hard not to get scared and think that it's going to continue to fall.  That's especially true when you're investing more money than you can afford to lose, i.e., when you're gambling with next month's rent money.  That's one reason why you always hear the threadbare phrase "don't bet more than you're comfortable losing".

Assuming you can afford the loss, keep in mind that no one has ever made money buying high and selling low.  If you're confident that bitcoin (or whatever it is that you bought) is destined to increase in value past the point where you bought it, my advice would be to just hold.  OP sounds like he's getting antsy because the market is volatile.  Guess what?  Crypto is probably more volatile than any other market in existence, so chances are whatever you invested in will go back up.  If you keep trading, you're probably more likely to lose money than if you just sit tight.

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

I doubt that will happen.  I'm not a big fan of altcoins, but I do think ETH is going to be one of a handful that will survive long-term, and I don't think it'll stabilize anywhere near $10.

be sure that the Ethereum coin stabiliziruemost is the mother of all altcoins so the coin Ethereum will succeed

[bitcoinisbest]

IMO, you can using trail stop on range 5% - 10% maximum loss in order to prevent further loss.

So about your statement, I think it's quite a lot but every people have different loss tolerance because who knows after loss 15%, the value begin to uptrend !

15% as such is quite less to go with because crypto is highly volatile and people have losses of more than 60 - 70 % has taken a dip form the price they have bough it. But yes not everyone can have that holding capacity and many would be risk averse so it will depend on every individuals.

[Duzter]

IMO, you can using trail stop on range 5% - 10% maximum loss in order to prevent further loss.

So about your statement, I think it's quite a lot but every people have different loss tolerance because who knows after loss 15%, the value begin to uptrend !

15% as such is quite less to go with because crypto is highly volatile and people have losses of more than 60 - 70 % has taken a dip form the price they have bough it. But yes not everyone can have that holding capacity and many would be risk averse so it will depend on every individuals.

The percentage needs to be considered with associate to the trading pair. If the asset has shown a 15% fall in value with respect to the growth of bitcoin, then it is good to go with the trade. As the bitcoin is in positive side the trade will get a bigger profiting. So, trading is need to be done with consideration to the trading pairs.

[Ucy]

Putting all your eggs in one crypto basket is too risky, from my experience.  Better to keep most of your money in a stablecoin for buying cryptocurrencies to trade.  By the way, you don't worry too much about this things if you trade with what you can afford to lose. Trading with what you can afford to lose allows you to be focused and relaxed while trading.

[Kelvinid]

Putting all your eggs in one crypto basket is too risky, from my experience.  Better to keep most of your money in a stablecoin for buying cryptocurrencies to trade.  By the way, you don't worry too much about this things if you trade with what you can afford to lose. Trading with what you can afford to lose allows you to be focused and relaxed while trading.

There are 2 choices may I think that it could guide us,
1. Hold and wait for the market recovers
2. Sell them and diversify into other coins

It is not the reason to stop trading because of the dumps, if we have still courage to risk then we should have to go along the bearish season. Mostly likely it happen that many were thinking bad and that is wrong. Bear season is a part of crypto and so deal with it.

[Clark05]

Stoping losses is good if you really need your money or the coin that you have think it will increase more you can sell it and once the value decreased more you can buy more coins so you can get more pieces of the coins and possible your loses will turn back and earn money too. Or you can switch your coin to other coin who is more cheaper value and more potential. If you don't any capital or extra money once you make a decision make sure you ready for what is the result on that ..

[shesheboy]

Putting all your eggs in one crypto basket is too risky, from my experience. 

Its risky if you are not faithful or your not sure about the coin you chose  .  putting eggs in one basket like for example in bitcoins can be also beneficial because you can maximize your earnings  .

Better to keep most of your money in a stablecoin for buying cryptocurrencies to trade.

Why cant you just buy directly a coin that you want to trade ? In that way your capital wont be eaten by trading fees  . 

Trading with what you can afford to lose allows you to be focused and relaxed while trading.

Not really . how can you relaxed when the market itself is not also relxed ?

[pungopete468]

The decision to sell or not is with you. and everyone has their own targets or ways about their management trading. so it could be when approaching the loss has done a stop lose to avoid substantial losses

[semobo]

I am not going to sell my investment for 15 percentage of loss if I hope my coin will recover and the future what I will do to minimise the losses is well buying more coins for the cheaper prices and will hold it are selling when the price recovery happen to make profit from it and equalise the losses which I made earlier.