Tips for when Getting Stuck

[mk4]

Patience is the key if OP really wants to get a profit but I think he's too persistent to quickly gain that profit that he wants. Trading is not an easy job to do especially if your patience is too limited, you won't last on trading if you don't extend your patience to last longer. Most traders usually use bots because they were too tired of waiting but it's too risky if you don't know what you were doing.

Though I agree mostly, it really really depends. Sometimes, just selling immediately could end up better for you; when the prices are going nosedive for instance. You could simply sell and buy back lower at a certain percentage. This question by OP simply doesn't have a binary answer.

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[Rooster101]

I experienced that often when I'm still a beginner in trading and I sold several of the stucked coins before their value go down significantly. I only hold a coin if there is an upcoming event like hardfork, main nets and other positive developments because their prices will certainly go up. Before buying a coin, I often make a research first to find any significant event in the future that can possibly push its price up to avoid being stucked in trading.

[kaya11]

Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

Just wait for it to be cleared out if I were you. Your aim was low and yet you didn't even get  what you want. That sounds frustrating, price may be low right now and if there will be a sudden huge movement on the markets trend, that 1% you are asking be getting a lot better.

[joeperry]

It depends on you... Don't just consider about earning but you should also consider about losing, remember that trading is like a gambling (But a slower one) there's a risk about it and there's only out come earning or losing. You should consider and set mark when losing let's say when you lose 5% of your investment you're going to sell it (But it's up to you, you can hold it too) and invest to a new coin but most of the traders have different investments and not just focusing on one coin.

It's great that you're aiming for a low % but i suggest you should aim about 3%-5% or may be 10% of earning since 1% is really low but it depends on how big your investment is. Just don't forget to consider about losing and think what are you going to do when you lose... Sell it or Hold it.

[Moiyah]

Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

No. I did not sell it in a lower price and then start over. But it is always depends on the situation. Like if the chart and your indicators are telling that it is going down and you are sure about it then you have to sell it and start over as soon as possible get back your losses. But there are some instances like my indicators are telling me in different time frame that it will still go up then I will still hodl it and wait.

[tonyvo2017]

Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

You are impatient and I guess this is your first time trading. You should place an anti-hole order instead of waiting for its price to change, it will waste a lot of your time.
Find out about stoploss and how to order stoploss smartly, you won't have to worry anymore.

[el kaka22]

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

You mean your target price not yet reached or something else ? It is a very usual thing in trading and I must welcome you to the world of trading frustrations. DO not worry over the time, you will get practiced to these frustrations and you may slowly start seeing profits. Yes, trading is always a big test for our patience. Your orders will not get executed at your expected pace but at markets's own wish and timing.

When you choose a highly reputed asset or simply a highly daily volume producing asset, you may simply go for waiting and market will recover sooner or later. This way I was enforced to wait for weeks but I have other reserved capitals to continue my trading to achieve my weekly targets.

[panganib999]

Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

Uh for me i'll hold it since you said you are aiming for a single percent of profit then you must hold. You have the target price and if you can't pull it out with 1% then hold it a little while. You should try another coin to trade while holding the one that got stuck for a higher chance of getting a profit.

[apityeh71]

Fluctuacion of crypto is very high, so your target profit should be minimum 7% , and for stop loss should about 4%. Use stop loss is very usefull because crypto can be dumped just afew minutes. Never hold crypto without use stop loss because alot of people did it and they been loss more than 90%. 

[wuvdoll]

Fluctuacion of crypto is very high, so your target profit should be minimum 7% , and for stop loss should about 4%. Use stop loss is very usefull because crypto can be dumped just afew minutes. Never hold crypto without use stop loss because alot of people did it and they been loss more than 90%.  

Stop-loss may help you NOT to wait infinitely and also will help you to buy back at reversal point. But, I do trader BTC and ETH against fiats still I never prefer using stop-loss as I do not wait for big profits hence I am able to manage without getting stuck. Enter the position and wait for the minimum target prices to reach and book profits. That's all.

If we wait for days to week then anything may happen. Luckily I was not trading on the day when bitcoin was falling from $6300 to $3800 levels. If I would have been trading on that day, I might have got stuck on that day. Just trading for short targets may help anyone otherwise having stoploss levels will definitely safeguard ourselves.

[ethereumhunter]

That is why you need to have backup money to anticipate if the price is getting lower than your price bought so you can rebuy the same coin at a lower price. Did you use all of your money in one-time buy order? If not, then you can buy another amount with the same amount as the previous before so you can continue your trading. But if you all of the money, then nothing you can do except wait until the price can increase or you can cut loss the coin, but you will get a loss.

[lablab03]

Being stuck is very difficult situation bro but of course for the safety of your funds or capital you should avoid being worried and buil a new strategy instead. Patience is very important also and don't become emotional on it just be brave! keep believing that you can exit on it with profits. 

[lienfaye]

DO you just sell that thing and start over?

DO you hold on and just... wait???

In that case I prefer to wait until the value increase again however I have a back up plan everytime.

We know that we cant be so sure if our coins will went up in the price we expected.

So I dont stop in just 1 chosen coin, I prefer to buy different coins so I dont have to focus in just one so incase I cant sell I have other to rely on.

[Altero]

Being stuck is very difficult situation bro but of course for the safety of your funds or capital you should avoid being worried and buil a new strategy instead. Patience is very important also and don't become emotional on it just be brave! keep believing that you can exit on it with profits. 

Emotional trading won't give us profit instead it will give us losses. Trading needs some patient and strategies to work good but if we are too affected of our emotions, it surely there is no good result.
At this situation, it is better to leave it for awhile and just set your desired price and just check few days after. Keeping our self in touch with our trades during bear season, will affect our trading plans and strategies. Better to stay calm.

[conected]

Being stuck is very difficult situation bro but of course for the safety of your funds or capital you should avoid being worried and buil a new strategy instead. Patience is very important also and don't become emotional on it just be brave! keep believing that you can exit on it with profits. 

- Indeed, being stuck is always a situation that makes us feel confused and worried but as you say, instead of trying to create pressure and negative emotions for ourselves, we should maintain calm and patiently seek the right method for this situation. If we analyze and realize that everything will be good someday, we can hold and wait but this method will take a lot of time and sometimes the result will probably be a bigger loss, another method that I think people often use is cutting loss, it seems to be more appropriate, although we may lose but we will not waste time, taking advantage of opportunities in the market.

[St4yInTh3D4rk]

Yesterday I placed a trade and was aiming for just a 1% profit on the trade. I left it hanging and the trade it did not clear...

It's still just sitting there and it is way below my target price.  DO you just sell that thing and start over?

DO you hold on and just... wait???

On what exchange you were doing this trade?

If it is an exchange with extremely low trading volume then you need to hold on until it happens or just sell at the what price people were asking for and you can find the trade orders at the exchange and the price your trade accordingly.

[Indrawan77]

It will depends on your strategy and how good is your coin, we need to see the potential of the coin and the market situation, if you choose the correct coin usually 1% is easy to obtain, but for this bear market it might be a bit risky, for me if the dropping is not too big I will just leave it and just wait for the price to go up

[guoyu78]

If you want to be the greedy type, I will advise you to keep holding and wait for it to take your target profit but it’s best and safer  to use 1 stone to kill 2 birds, why not keep holding and at the same time set your stop loss, If you don’t want to be the greedy type, take your profit already and start over again even if it’s not up to what you targeted, no profit is too small for day trading, imaging you take such profit like 10 times a day, isn’t that more than the set target already?

[davinchi]

I experienced that often when I'm still a beginner in trading and I sold several of the stucked coins before their value go down significantly. I only hold a coin if there is an upcoming event like hardfork, main nets and other positive developments because their prices will certainly go up. Before buying a coin, I often make a research first to find any significant event in the future that can possibly push its price up to avoid being stucked in trading.

But do you keep holding while waiting for such type of events you mentioned in your comment and it never comes, I don’t think it best to keep holding for short traders.

No matter how bad it is, there must be a fluctuation in price a day for that particular day, holding and waiting for such events is good for a long term investors and not day trader and I think the author of this post is a day trader because the post doesn’t portray him as an investor. I day trade a lot and once I see that a price gets stuck too long, I sell and start again.

[valheru]

If you have enough knowledge about day trading, you can earn good money by buying and selling it correctly but if you don't have enough information and you want to deal with it, it will be more logical to hodl your money.