Quote from: Raven91 on May 09, 2017, 06:57:19 AM

Quote from: shamzblueworld on April 03, 2017, 12:16:12 PM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

It depends on the coin. If a coin is a hype, I don't wait until my coin get devalued. However, if I see my coin has a huge support and I believe it has a godo future, i will never stop holding it until I reach my TP.

And most importantly to minimize losses, When you see that then everything goes on a decline, then a quick reaction is needed. But not in the situation with Bitcoin, Why that his son will definitely be big despite the nervous price jumps in the market. You just need to be firm and do not react to falling.