Quote from: Tipsters on November 17, 2018, 08:20:17 PM

Quote from: thegoatiest on October 14, 2018, 11:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

You should always know your tolerance level. Risk management is the key to successful trading. So this is very vital for that purpose. When you enter a trade, you know what level to exit. Either by lock in profit or cut loss. Practice that and you'll know the difference.

15% of the loss is not this level to exit. I know that the guys go on holding their cryptocurrencies even when they lose much more. Meanwhile, everything here depends on a person and his patience.