Tips for when Getting Stuck

[wuvdoll]

I think the clearest choice is to wait if you are stuck, after all if you sell when you are down and it goes up you are going to be really upset and it has happened to many people many times before.

There are thousands of people out there who bought high and then sold low and the price went back up, even if it didn't back up as much as they bought at least it went up from the point they sold, so say you bought bitcoin at 20 thousand and it dropped to 3 and you sold at 4 because you are done with it, now its over 5, you are still not in profit because you bought at 20 but at least its above 4 so you could have made less loss. That is why I think as long as you do not need money for something urgent you should totally hold it as long as possible to see how high it can go.

[BlueStackz]

Most probably I would stay until my trade gets cleared. But, it will depend on the project. If I have confidence in where I invest my money, it will come to the desired exit point one day or other. Be sure to invest your expendable money in trading that's how you could avoid selling in loss too early.

Irrespective of the coin one is trading, whether we have assurance of its exit point one day or not, the strategy used in trading matter, this strategy of your only works for those that place simple order without using available tools like margin trade or leverage trade. Imagine someone using a leverage trade, even if he has the confidence in the future of the coin, he cannot leave his trade to exit at any point, the trade must stop in minutes or hours, so for those using leverage to trade, they must always clear trade to avoid losses that will be beyond their controls.

[arpon11]

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???

If you really need advice you could have tell us the coins you are trading on and we could have let you understand if that coins will grow in some hours to come through technical analysis or technical indicators.  But you still have one thing which you can do and that is patience and hold a little if you know it is not going against you too far.

[Tungsten-1]

Most probably I would stay until my trade gets cleared. But, it will depend on the project. If I have confidence in where I invest my money, it will come to the desired exit point one day or other. Be sure to invest your expendable money in trading that's how you could avoid selling in loss too early.

This is good to stay with your investment and never get worry if you ever suffer or have to face red market, this is a chance when you can have huge amount of coins to invest but never lose your hope, trading is truly beneficial but we will have to remain good with the market and never give up on your skills so that you will have profit at the end.

[MakeMoneyBtc]

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???

Considering the fact that the profit for a single transaction was only 1% I think it would be better to sell that and move on to other transactions so that you recover whatever you lost there. Trading is a place where you have to take quick decisions so waiting for a longer time than you firstly expected will only lead to a bigger loss most of the times.

[Bonsaiav]

Everyone can have a different method of making a profit meaning that it's never the same. For a decade, value fluctuations have become one of the most popular investment techniques in the crypto market and other markets. We can see this fact from some rich people who have won their wealth even though they only use this method. In simple terms, the benefits of value fluctuations can be obtained by buying when prices are low and selling them above the purchase price (trying to find the best price).

[carlfebz2]

Too hard to tell if you should cut lose or do keep it hanging because not all projects do really have that kind of potential of recovery or would still takes time thats why it all depends on your own view and
belief with that coin you are trading.If it didnt able to hit up your target then you will really be on that waiting game but its up to you if you cut it out or not but im sure waiting for this recovery or target is way too stressful which you should really be aware on that one.

[Pamadar]

Everyone can have a different method of making a profit meaning that it's never the same. For a decade, value fluctuations have become one of the most popular investment techniques in the crypto market and other markets. We can see this fact from some rich people who have won their wealth even though they only use this method. In simple terms, the benefits of value fluctuations can be obtained by buying when prices are low and selling them above the purchase price (trying to find the best price).

The very definitions of trading is to take advantage of having it when the value still low and sell it out when the time you've seen that there's increase already, someone will win the calls while some will lose the position and needs to wait again, in your case OP you need to think wiser, if you already seen that there's no way that the position you have can be triggered and the situations is beginning to lose its grounds, take it out with some loses and try to find another moving coin that will allow you to recover your loses.

[jakelyson]

Your TA will tell you what to do. If the market is clearly going the other way, then it is better to cut your losses and start all over. If it is not, then wait for your trades to clear. It all boils out to how confident you are about your trades.

[Ultimist]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

[fasdorcas]

Most probably I would stay until my trade gets cleared. But, it will depend on the project. If I have confidence in where I invest my money, it will come to the desired exit point one day or other. Be sure to invest your expendable money in trading that's how you could avoid selling in loss too early.

This is the first thing that needs to be out under consideration if the project behind particular coins is good or weak. Invest only when you are satisfied because in the days to come, when the market is irresponsive, you could get stuck as well. So having said that, and when you have invested in a coin that has a best project, hodl when you think you are stuck because the market is not very quick to respond always as we have seen in case of Bitcoin.

[--DarkSecrets--]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

If you are in profit you can sell before the dump in your buy price and or you need to decide wether to take the loss in a identified resistance after a bounce but never to sell in the support area. It happens in all traders but the way we react differs, some other use stop loss , wait for a clear breakdown or any reasons that they have. What i do is always having an stoploss and in a bad market i play a quick scalp only i have risk reward % in every trade.

[LimLims]

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???

See dude if you know the trick of having patience,  then you can really win the world.
I mean just look if you know when to trade and what to trade,  then it really can make your work easier.
If i would be there in your position,  i would haven't invested in that coin only.
You need to be wise enough to know when should you invest and what you should invest.
Hope you now get this.

[UNOE]

Buy more on next support x2 more than on first trade, in that way you could lower your base price and make your position below resistance. And place sell order on that reisistance. If trade does not go well this time, you should buy more x3 on next support. This is my strategy, and works better than stop loss, at least in my situations. I hope that you did not go all in one trade like kamikaze.

[conected]

Too hard to tell if you should cut lose or do keep it hanging because not all projects do really have that kind of potential of recovery or would still takes time thats why it all depends on your own view and
belief with that coin you are trading.If it didnt able to hit up your target then you will really be on that waiting game but its up to you if you cut it out or not but im sure waiting for this recovery or target is way too stressful which you should really be aware on that one.

- Indeed, we cannot give any direct advice to him because we do not know too clearly about the project that he is investing, and even if we know about those projects, we still can't decide for him when this is his choice and problem, he should hold on or wait, depending on his beliefs and what he calculates. And although we cannot provide direct advice but we still have small and useful advice on this issue such as calm, not in a hurry and use the time to analyze, don't believe in others' decisions, they are not people who will be able to lose in this story, their decision will be very subjective

[Best Dreams]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

If you are in profit you can sell before the dump in your buy price and or you need to decide wether to take the loss in a identified resistance after a bounce but never to sell in the support area. It happens in all traders but the way we react differs, some other use stop loss , wait for a clear breakdown or any reasons that they have. What i do is always having an stoploss and in a bad market i play a quick scalp only i have risk reward % in every trade.

I don’t like the idea of stop lose because for it you will have to sell your investment to avoid to more fall of price, try to maintain your own mental stress and be sure about what you are thinking, if your thinking is right or not, so if you get stuck you will have to wait with patience, as crypto currency has volatile nature so price fall will be recover very soon.

[Pattart]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss
but if you want to be patient and you buy potential coins then holding it is a good idea

[BlueStackz]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss
but if you want to be patient and you buy potential coins then holding it is a good idea

Like he said, one needs to first understand the project we are investing into before making any attempt to invest, cutting losses is not a bad thing, we have some coins that many investors has mistakenly invested in based on the promises by these developers without researching on them, and when one have realized he or her mistakes on the project, then the best would be to cut losses by selling it off.

We can only be comfortable and rely on coins that have proven themselves strong over the years. i.e bitcoin and ethereum, those ones, we all know their future and it we will have more patience in holding those to others.

[Bitcotalk]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss
but if you want to be patient and you buy potential coins then holding it is a good idea

The best option for an economically rational individual is to hodl and not chose the cut loss. This is because there is simple no profit in the cut loss option and you will get a negative profit or loss which I think should not be the end. There have been people with great value lost in the bear market and they have made big profits by holding and waiting for the rise in the market.

[rijaljun]

I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.

Well, sell at loss is sometimes and option if you know what to do (like to add your capital to buy a token that you already know it will grow up). But if you just sell them off because you can't wait to get a profit, then it's totally a wrong action.