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Author Topic: Never sell for a loss - is a Myth !!  (Read 1090 times)
usekevin
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October 15, 2022, 06:31:48 PM
 #161

Trading made huge difference in the patience of people mind set.Even a Calm person loss his patience towards the trading at the beginning level.Only he should do that at his beginning level.Later he need to do some good tactics to over the panic selling.He should read about the project and build the good way of project on his mind.Then he need to keep the money for long term to get the good investment in the trading of crypto currency.Crypto currency made the more millionaires,who keep the bitcoin at the dump for more than few years.

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October 15, 2022, 11:53:30 PM
 #162

will never sell coins when it's bearish season of course it's an action that should not be act,
It's okay to sell if you're trying to cut your losses and you believe that there's going to be more if you don't cut those losses you're incurring.

because if you choose hold then you will really experience a big loss, just like I am currently experiencing a loss of more than -90%,
of course this makes I'm depressed and want a quick payback, but all I can do is waiting bull is back.
And that's why stop loss is important, selling at losses like 10% is a good cut before you go to the worst just like what you have right now. You don't have to hold for so long if you've got no plans of holding it for long term.
But if you have that faith on that coin you're holding and have long term plans on it, then just deal with the losses that you currently have.

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