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.
Really no need for certain shapes to define loss in altcoin trade. Loss is any action results in failure and money reducing. This is something we need to know about if we deal with trade.
All the experts of trading, they fen advice the newbies to get into books and articles before getting into bitcoins world practically. Why they are saying this?
The reason is simple if you dont know about the basic knowledge of bitcoins, then how can you go for trading or investing. These fields are not that much easy, requires some technical and basic knowledge so yes learn that first.