Quote from: ModGirl on October 20, 2017, 09:06:35 PM

Quote from: gabmen on October 20, 2017, 05:34:30 AM

Quote from: mukeymon on October 20, 2017, 04:42:33 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?

If I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

Appreciable actions for catering risks. You are doing so great while making this all not a burden on you. Keep yourself updated with the market price and you will be going to have any solid loss. Still if you have a loss, dont be panic. This is the only one main characteristic of successful person when they encounter with loss. Accept the fact that profits and loss are necessary for better business.

We dont really have a choice but to face those loses and instead of getting discourage our stressing out yourself too much. Same as mentioned i dont actually see on those new altcoins being launched since the probability of success would really be lesser compared into those earliest years where altcoins are still on the trend but on these recent year it is somehow saturated already.