Post
Topic
Board Trading Discussion
Re: Loss in trading
by
mornabo
on 15/01/2018, 13:30:41 UTC
The loss is expected in trading. Successful Traders always experience loss, but they always manage how to get things right by not panicking and staying calm in every situation.
Yes patience is the very first key in trading.We should not always think of making profit in the shortest time.Monitor first the price movement before jumping into conclusion.It's never an easy thing to trade just because you have lot of coins onhand,learn to weigh things closely,and when you already see the price has gone so far from the day you bought it,then for sure it's the right time to sell.Trading really needs most of your time than any other activity here.
yes i know patience is the key, but when you have a lot of coin in your hand and the price of the coin is really far down from your previous purchase of course that patience will turn into fear and panic, i think the first thing to do is how to order that we do not panic when the price goes down even though you have a lot of coin in your hands, and I've tried some ways like positive thinking, patience, etc but I'm still scared and panicked because sometimes the market situation and the issue make it all messed up, and then I cut lose and get the loss,