Quote from: coolsai on August 04, 2017, 02:24:43 AM

Quote from: entrepmind23 on August 04, 2017, 01:40:27 AM

Quote from: nicolas1979 on May 28, 2017, 01:47:01 PM

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 should still continue if you have the capital because losing is part of trading and through losses you will learn your strengths and weaknesses so that next time when you trade, you will know what mistakes you made that made you loss. Of course there would be times when you still loss because market is unpredictable but you can at least minimize it by having a plan of what to do if something happen. I myself loss higher than 40% but I accepted it and then trade again.

That's terrible advice, if he has lost 40% he could well lose 40% again. The better bet is to buy and hold a coin you believe in for the long term, trading is more or less the same as gambling and will just as easily give you losses as it will gains.

Not really that bad because he has a point. If you lost during your first trades, that's a given. That's why its best not to invest a big amount the first time. You will learn a few things along the way that will make you better. There's nothing wrong with being safe amd just holding but there's nothing wrong as well to try again.