Post
Topic
Board Speculation (Altcoins)
Re: Already lost 50% of my capital
by
farhaan
on 29/11/2017, 23:53:51 UTC
Hello guys. I just want to ask for your opinion or an advice.
I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital  Sad. Some coins are still in hold.
I just want to ask what can you give to me an advice or any learnings  about trading. I'm using bittrex.
I also lost 80% of my capital after joining the crypto for 2 months. I also started with Bittrex. But I trade the whole capital loss. Currently I have gained some capital and interest. My experience is that if you have large capital, please trade on sites such as Bittrex, Poloniex ... If your capital is not large then you should trade on smaller sites like Cryptopia, Novaexchange, Coinexchange, Yobit, Hitbtc. These commercial pages have a small volume that is less affected by market fluctuations.
That's really a good advice.One more thing.Since you are a newbie,i guess that you would have bought more new released coins on seeing their prices surging high.Am i right?Actually,they are just getting pumped and unknowing this,you would have bought it and would have sold it at very less price when they all got dumped.So,set a profit margin of 5% to 10% so that you could finish the trade once target achieved and you may avoid losses.