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?
I will try to get it back and wait for the profit. Its better to put up a risk than a permanent loss.
I think it is better to learn more about trading and obtain more knowledge in this field before returning to it. As I can see, people always tend to do something without thinking because they think that they are great enough to start an activity by themselves. Therefore, if you lose, learn more and you will be better
yeah people always ooking for the shortcut to earn profit ,
trading without knowledge and based on nothing nowadays have been practiced by a lot of people ,
and it makes them always hurry in make any decision ,
include whe get some loss they can't accept it , and immediately try to recover it, you need to be patient when do trading.
Do not panic, no matter what happens is the first rule of trading. Even if you are at a lost, never sell the coins for cheap. You should make up your mind that even if you have to wait for 1 or 2 months, you will not sell your coins in less than the price you buy. This way you can minimize loss. The Altcoins will surely rise after the dip, so need to be patience.