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
Both highs and lows are part of the trading. You will experience this moment (or I would say "feeling") lots of times in the future. There are two ways to approach it. Either set up a stop loss, for example sell if your current coin holding decreases for 10%. Or sit the loss out, just wait until it goes up again. The latter requires more fundamental knowledge about the coin you trade.