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
With the amount loss involved, we can considered that it's not the end of the day for you. Even you are a beginner, a $150 loss is just a piece of cake. What you gained from that loss? EXPERIENCE which is most impartant as it will be your foundation in your trading activity in the long term.
From your statement it's clear that you didn't know well the risks of trading. Not all the time you will win and even professional traders today still experiencing a loss in their trades. Sometimes it's good that we loss on the way so that next time we will be used it and will now have a good approach on our future actions.
Now about your specific problem, it will depend on your guts as no one can tell here what will happened next. If you believed
(of course you need some factors why you believed) that Storm will have a nice price in near future, then hodl. If not, then minimize the loss and dump. Don't ever be dominated by your emotions as it will destroy your strategy. Goodluck.