Quote from: stomachgrowls on Today at 09:14:54 PM

Quote from: bitcoinbastard224 on December 14, 2020, 11:33:13 PM

Quote from: dunfida on December 14, 2020, 11:26:59 PM

Quote from: bitcoinbastard224 on December 14, 2020, 11:03:30 PM

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How do I safely recover my losses, preferably over a short period of time?

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Thanks. I'll have a look and make some notes. My only issue is that funds are low, so it's very difficult not to go 100% in on high leverage. It is possible that I feel a sense of urgency to get these funds back.

When you do still have funds to trade and even if its low then that would be an another challenge and dont or try to remove that sense of urgency because that will really be a major problem.

Dont add funds until now because you would lose even more.Try to take up the challenge on growing that little amount of money that you do currently had.

Most users who posted on this thread are actually true.We all had experienced the same scenario w hen we are still starting and as mentioned that you do learn up from those mistakes
and taking notes will be ideal.

Quote from: bitcoinbastard224 on Today at 12:07:53 AM

My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.

The sense of urgency to recover the loss in a short period of time is one of the reasons why you make a hasty and wrong decision.
You should set the goal, how much (percentage) you want before selling the coins, and vice versa set the stop loss, don't let your coins in bleed position for a long time and fall too deep, if your research indicates it will fall and will take a long period to recover, sell it at once.
And the main point is to choose the right coins, it's something that we have to do, due diligence, to determine which coin to buy and sell at the right time.