Post
Topic
Board Trading Discussion
Re: If you're ~15% in the red, is it crazy to sell?
by
knightmairesaint
on 18/12/2018, 04:39:46 UTC
I would say always put stop loss even when the market seems bullish , 15% means you didn't use stop loss and I would sell it if it happen to me because stopping loss in any point is better than losing more , Try to trade non emotional and forget about the past .
Sometimes people dont set stop/loss at drops like that. It would be foolish to trade off all your assets at a loss because you are just emotionally moved that you have lost your money. What people dont realize is that they have not lost their money but the value of the asset has dropped. But it can happen and is nothing to be panicky about. Same in other markets as well.

Crypto being very speculative is subject to these risks and one must be aware of them before getting in the market. No use panicking but remaining calm is what they must try.
It's really important to be smart and not put everything in one basket because this market dropped could make you emotionally and panic.
You are correct, we don't loss money even if the price will dropped as long as we stay strong and hold our precious coins.
Though it is hard to make decisions with our emotions set aside (which I also think is not possible), maybe its possible if we initially think of what can happen. Maybe it could help to lesson the intensity of emotions like the disappointment when we see our portfolio in red. I was thought to think of what could happen for every decision I make and sadly sometimes I neglect it. Strategies are also helpful at times like this like because it helps you plan ahead if ever something didn't go the way you want.