Quote from: Fappanu on November 23, 2019, 03:22:54 PM

Quote from: udayantha11 on July 28, 2018, 02:34:45 PM

Personally , I lost nearly 1500$ from day trading. I do buy back theory now to recover the loss and invest on potential ico's. now i am going on a slowly steady way , if we get greedy then we end up with nothing.

whats your solutions do you do for cover the loss?

There are many solutions to cover your trading losses. And if you have the right knowledge, you will have the confidence to overcome these situations.
Just like you cut your losses and plan to buy more at the lower price of the coin you hold. Or add your investment to increase your holding while the price is falling. So when the price back to normal you will have quick profit.

I don't think the OP has enough experience to do the mentioned trading strategies as you perfectly explained. Before adding to the losing position, taking out the melting funds from the trade is the first thing comes to my mind. Trading losses are part of a daily job in the trader's life but cutting losses can be tricky for inexperienced traders due to the pullback possibility after taking long positions (liquidating short).