Quote from: matchi2011 on February 14, 2020, 03:35:29 PM

Quote from: Krillin61 on February 14, 2020, 11:52:02 AM

Quote from: coin_1122 on February 14, 2020, 07:58:14 AM

In cryptocurrency trading, everybody will fail to make profits, even an experienced person will fail to lose value but it doesn't mean they lose. After loosing they need to wait patiently for the price recovery because without the recovery of our lost, it is impossible to survive in cryptocurrency. So it is good to have the patience for the recovery.

Patience isn't always applicable. Sometimes you have to cut your losses and accept what wrong decision you've made thus you can recover in a shorter period of time as possible. This is effective if you know exactly what you're doing and if you don't know it then you should pull back your investment and re-entry again once you're prepared.

Cut your losses is the smart way to comeback much stronger. If you are not sure with your position its best to accept your failures and try to figured out what will be the your next working plans, there's chances around if you are willing to understand much deeper no need of rushing things out as long as you have the luxury to learn and willingness to adjust.

Of course, cutting losses is always good, but whenever the price drops, it is impossible to cut the loss. Sometimes we need to wait patiently for the recovery because that's why many people will suggest waiting patiently, these experiences will always help us to find the possibility of winning situation.