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?
No you should not stop trading, that would be the worst decision that you will make. How would you regain those 40% loss if you quit trading, you need to win back that money. Losing momey is just a part of being a trader, now you have learned some lessons sp you would not do it again next time. Trading gives a lot of profit it just needs a lot of patience in holding some coins because not all coins are successful especially those coins that are not that famous. But as time goes by the value of it will rise. So in order to get that money back just continue trading
This is correct which losing money is always been part of trading specially when we are still new on this field.We do commit mistakes since we do easily panic when we saw price decrease and as being adviced we should not give up to early because theres always a lesson on each mistake we do made just be sure that you would really do your best not to commit those mistakes again and it will really benefit you on your future trades.
- Yeah, loss is a normal thing in trading, every time we lose, it will be an experience and a lesson for us, help us succeed in the next trade, if the loss is too great, it will engrave in our minds and make us unforgettable, it will always remind and we will not make the same mistakes.
- And really if you lose nearly 40%, you should stop but it is only temporary for a short period of time, you should use that time to think about mistakes, analyze the reasons and keep your emotions calm, then return, continue trading, loss will not be too scary if you dare to face it, but if you do not overcome the fear of loss, you will never be able to succeed.