Quote from: Ctn on May 06, 2018, 09:48:56 AM

Quote from: shipon01683 on May 06, 2018, 09:01:30 AM

i am beginner trader in binance. many time i make profite from binance. i trade basicly iost, storm, ncash and some other small rate coin. but 2 days ago i buy storm coin 0.00000707 this rate. and now storm price 0.00000602. per coin 100 shatoshi loss. now i am so afraid. now i see many coin going dump. now what i will do? now i will do sell my storm or i will do hold storm. i request all senior trader please help my subject.

Thanks

This is what called as panic attack! What you suffering from is the situation which you must avoid now to stop your loss. I mean you might just think that you should sell all the storms that you have got but its wrong. You should not go that way and must hold your coins. I would suggest you to wait at least for weeks or so and thus you will see the storm rising too. I mean most of the coins are just getting little glitches and nothing else. 100 satoshi is not a big deal so you dont have to worry about it.

that is one thing every noob trader with some little knowledge about trading or no knowledge at all and no strategy will always end up experiencing. He is making a huge mistake right now by trying to trade the market without always having an exit strategy in play with even some little loss.

He should relax a bit, if the market has broken a particular support, then he should try to break even on that support which would have turned resistance and may likely be tested again, or he can just stop loss now and buy back lower, or just simply hold till eternity no matter what which for a trader would be the last option.