Quote from: Andre# on April 18, 2018, 09:33:41 PM

Quote from: Lang09 on April 15, 2018, 11:44:36 PM

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?

You have keep yourself composed and don't let a loss affect you emotionally. Most of the time we get too frustrated when we lose a trade and then we make sudden rash deciaions that instead of making things better, we'll end up losing more. Trading is a test of patience especially if you see a dump in the altcoins you've invested to. Just do not sell without at least minimal profits and keep your emotions in check.

People easily get emotionally causing themselves to lose consciousness often.
And then, they easily make the fundamental mistakes that they can often easily overcome.
Honestly, if you are losing money in a cryptocurrency, you should take lose if that lose up to 50% or 40% your balance.
Then, after take lose, use that amount to buy Bitcoin, only Bitcoin to hold until the price of reaches old highest price in the last year.
Until the Bitcoin price reaches this target, you still have much time to make money from other sources, example from your main job or find a second job if you are trading as the main job. Wink

Sounds good in your comment. I am totally agree with you that we are so emotionally about trading.