Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?
you stop. you've already broken all the rules, as you're trading with emotion. Neither Rome nor fortunes were built in a day.
I couldnt agree with this more, the most important aspect of trading is the psychology which lies behind. Due to you losses you'll most likely be trading very aggressively. Many people make the mistake of thinking that they can trade without any market research and learning different techniques to trade. I personally make maybe 3/4 trades per month and I trade only based upon news that I know will have an effect on the price of whichever assett im using.
Be smart, do your research, dont chase trends.