How to escape loss as an altcoin trader

[WalkerIVIV]

I am typically an example, second trades of same coin hardly favours me and as you rightly said keeping profits and joining back with capital will also help in curtail loss. Many lost huge because if greed though. And one understanding trading well would help too.

when trading I suggest not to be greedy if you want to re-use the coin you bought before then you can wait until the price falls again or at least you buy a coin at the initial price when you buy only need to open an order at a low price and wait until your order is hit.

That's true and it will be much better if we can combine it with the fundamental that we can get from various news sites and technical analysis regarding the movement that happened in the market. I guess we must try to be careful with it caused by that will give a lot of impact to our decision regarding which point that must be taken by us.

[Ifemini]

There is no way out for escape loss while trading, its hard to say that you can surely be able to profit from any altcoin trading . Sometimes some hype / rumour about bitcoin can bring some bucks but that can be called escape loss from altcoin . Different peoples have Different trading strategy for their altcoin trading , AS a reason an altcoin trader bitcoin is the mother of all altcoin ,so reason behind converting their profit to the bitcoin is so obvious . Always do your research before investing .

There are several ways to escape loss as an altcoin trader, it is just that you refuse to take notice due to your immense believe in your capabilities.
You do not enter into every trade as a trader, there are some trades you ignore and look away waiting for the next entries.

Don't push your thoughts on the market, understand the markets emotion and trade accordingly.

[FireBallex]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

There is nothing to be worried about if you buy Bitcoin and the price dips, it's more of a safe haven compared to altcoin, there is a high chance of recovery but it's probably not the same with altcoins, once some altcoins dumps I'm value they will never climb up again

[anhhung409]

We confidently hold bitcoin and let it move sideways or pump itself. We don't mind using stable currencies but if you are very delicate and value-sensitive, you can do this many times. It's a very well known strategy but you can't say Let everyone know what to do.

[sangjoewara]

We confidently hold bitcoin and let it move sideways or pump itself. We don't mind using stable currencies but if you are very delicate and value-sensitive, you can do this many times. It's a very well known strategy but you can't say Let everyone know what to do.

Yes, in general, Bitcoin and a stable currency have always been the priority of everyone at any time, because both of them always have good effects for holders, especially for holders who are super patient in dealing with market situations.

[Shasha80]

I do not blame your way of thinking, and I must admit your opinion has a point. Most people get profit from trading altcoins
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.

[Nesbee2]

The best way to avoid or escape loss as an altcoin trader is to learn to take profit and do away with greed.  using stop loss can also help reduce the risk of losing all your funds. But do not always forget to avoid greed and take profit when you have an opportunity to do so , this way you will reduce the risk of losing as a trader.

[dataispower]

I do not blame your way of thinking, and I must admit your opinion has a point. Most people get profit from trading altcoins
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.

Putting profit from trading altcoins in BTC is a wise decision in my opinion and not otherwise. BTC has proven to increase in price over time against all odds, so if anyone converts profit to stablecoins, it's not a bad idea but not my style too. It's a two way thing anyway, but it gives me joy growing my BTC value over time, that's my major goal in this space.

[seramania]

because traders think differently, many traders want bigger profits. they trade in altcoins and then convert to bitcoin because they hope that bitcoin can also provide profit from bitcoin trading. This is actually the main reason why many traders don't convert to stable coins like USDT before they actually get the desired profit

[torrantz]

We confidently hold bitcoin and let it move sideways or pump itself. We don't mind using stable currencies but if you are very delicate and value-sensitive, you can do this many times. It's a very well known strategy but you can't say Let everyone know what to do.

When you are losing a lot and holding bitcoin is not the right answer for this problem. Everyone should know bitcoin is very difficult to double on its price caused by it has priced so high.

It's better to stick into the altcoin that can go more than 2x instantly.

[unusualfacts30]

It depends on trading strategy and how market is moving. If there is a loss on bitcoin then traders will not hold it either and convert it to stable coin. Traders used to convert their alts to btc for stability way before stable coins came along but since some of them have shown to be stable traders are moving towards them when there is instability in the market. Then, there is another market trend when alts become stable and btc starts moving up. that's when traders move their holdings to btc instead of stable. There is no right way to escape loss and as a traders that's a risk you take but with proper market research and training you can make decrease your risk.

[TrevorS]

Many lost even their profits and capital out of greed, u do the people if which I was a victim to always sell thier profits and close the trading then use initial capital for another trading but hopefully a new coin not already traded. Most second entries of same coins do end up dumping on you. Let's learn to take profits

A person who waits too long for profit may fall into an mistake caused by greed.
When a coin begins to grow, a person wants to sell it at the highest point, he reaches the moment when the coin begins to fall.
Usually this drop is very sharp. Greed, as a rule, says that there is a chance that the coin will return to peak indicators in the near future, and the person is waiting, looking at the next drop.

[key4co.in]

It depends on trading strategy and how market is moving. If there is a loss on bitcoin then traders will not hold it either and convert it to stable coin. Traders used to convert their alts to btc for stability way before stable coins came along but since some of them have shown to be stable traders are moving towards them when there is instability in the market. Then, there is another market trend when alts become stable and btc starts moving up. that's when traders move their holdings to btc instead of stable. There is no right way to escape loss and as a traders that's a risk you take but with proper market research and training you can make decrease your risk.

There is a point you mentioned which got my attention, "there is no right way to escape loss". Even the strategy suggested by OP is not perfect, even though it might be helpful at times. As a trader, you definitely must lose at some point in time, even if you are a master in TA. If you win most of your trades and lose few, then you are doing great in trading. Even if you win 60-70%, that's not bad.

[militiariko]

For me, i feel either you are trading, investing or a steady hodler, there is a simple way to escape loss which is taking profit each time there is an opportunity to do so. Sell high, buy low should be your trading motives

[angrybirdy]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

Some traders are already doing this, they always find their way to make a way of saving their assets than losing it. But, there is no way to escape loss, even the strategy you suggested that was already been used by other traders is not enough to escape loss. There's still a percentage where you will lose in trading depends on the movement of the market.

[maximumcoin]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

I mainly trade on Altcoin/BTc pair and total my profit will be turned out Bitcoin and day by day, my Bitcoin amount will raise. And at the same time, I believe the price of Bitcoin also raise and my profit will increase exponentially

[GatotKaca]

avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far

[Lantind]

If you are a trader and this is your job, you always need to fix the profit in fiat, the trader and the holder are radically different in my opinion.

Yes, it is clear that traders and token holders are very different, because traders like to spin their money for profit or profit, whether it's daily or monthly, while token holders are just waiting for a good price when they want to sell it back.

[LouVandetta]

avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far

It's actually not that simple because not every news, either bad or good are legit. Some of them were fake just to give some fud or fomo. Being a trader means that you need to acknowledge the risks of losses and the other. While you could use every of your experience, your reseach either technical or fundamental will play a big part. And patient also would be the key. And most of all, try a good or major coins. But it's all down to personal experience. Not everyone can avoid losses and not everyone will have a bad day when trading.

[GreenStox]

avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far

It's actually not that simple because not every news, either bad or good are legit. Some of them were fake just to give some fud or fomo. Being a trader means that you need to acknowledge the risks of losses and the other. While you could use every of your experience, your reseach either technical or fundamental will play a big part. And patient also would be the key. And most of all, try a good or major coins. But it's all down to personal experience. Not everyone can avoid losses and not everyone will have a bad day when trading.

and also some original news doesn't have a significant impact on the token / coin.
So altcoins are very difficult to guess.
but some news is also sometimes accurate / working, so the form is formed before the event takes place.