What is the strategy for dealing with cryptocurrency trading losses?

[Hendy1 370]

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

[Da silva 6]

Indeed in trading if you comprise elected the ill-treat coin, at that moment your trade will as well lose, go your worthless coins, and fall for bitcoin to institute a new trade, subsequently that your losses are hastily returned, you bottle twitch a new trade with bitcoin ,,

[Da silva 6]

Indeed in trading if you comprise elected the ill-treat coin, at that moment your trade will as well lose, go your worthless coins, and fall for bitcoin to institute a new trade, subsequently that your losses are hastily returned, you bottle twitch a new trade with bitcoin ,,

[Jhadhasan 872]

Before we trade or invest in any currency we must have a great knowledge of this currency. We cannot invest in a currency that we do not know. We have to see if it has a request or if it is of no importance.

[steve197 522]

The best strategy to limit your losses is to set an order on the buying price

but it depends on the market movement if you see a chance to get profit from this trade so be patient and wait 

[gigabyteRTX 1583]

Well if a trader experience trading loses then its best option to take a break because it can affect your next trading if you continue trading after experiencing the loss. After that avoid what you do wrong that causes you to lose in trading and do great in your next trading transaction.

[SuperCrypto 7193]

No matter how strong preparation and prior analysis is, or how much information might indicate a particular direction, it is always possible to develop new developments in the market that may turn things around. Here lies the importance of a stop loss order that protects you from dangerous fluctuations in unexpected situations.

[Sasaki 171]

For you not to lose some crypto you must have a lot of patience and don't let your emotions control just stay calm and observe how the market works. 

[SuperCrypto 7193]

22 hours ago, US_UncleSam said:

sometimes people don't do this and when we aren't online in trading, that's where prices go down. Then we can not do much, other than waiting for us to come back online with prices that have fallen far.

For most traders, the hardest part is dealing with losses. It is not just pain and tension, but it is also the fact that losses are usually the catalyst that drives traders to make the worst mistakes, which can cause greater losses, and lead to a severe spiral in which the investor’s account is lost.

[BTC Future 3946]

On 1/23/2020 at 8:27 PM, Hendy1 said:

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

I hope you are in profit now since every single coin pumped the last week. In a bull run it is my opinion that you have to hold coins that are traded in exchanges with enough trading activity going on. These coins have the best chance to become popular and their price to rise. There are thousands of coins to chose from and I always avoid the ones traded in exchanges such as Mercatox and Hotbit where mostly pump and dumps are going on. I follow Binance coins and always buying coins there that are really low in Satoshi terms. They will double up at some time and I'll sell when I see the hype ending.

[Shaza Ahmad 1682]

I think in the beginning, before answering this question, you should do an analysis of these currencies, and whether they are qualified to rise soon or not! Then you make your decision

[Zentoly 419]

On 2/12/2020 at 6:51 PM, Tomas2020 said:

One of the best tips for trading in currencies is to start with small money that you can bear its loss and use a low leverage because it will increase your profits and limit your losses, so if you want to increase the size of your investment portfolio, you should use your trading options and there is no reason to continue to pump more Funds for your account because this will increase your losses.

You are right if a person have no any knowledge about trading and when he want to start trading then he need to start with low amount because of newbies he will not lose a lot of money .

[Popedee 377]

On 1/23/2020 at 7:27 PM, Hendy1 said:

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

If you bought a good coin and the price is dropping, I'll advise you hold this coin and buy more at the new low to reduce your coin price ratio. You can then hold till the price increases. Emphasis on good coin

[Razan alikac 1899]

This depends on the type of currency that you bought, as some currencies decrease and die, and some are affected by the changing crypto market, so they rise again .. Determine the type of your currency and then act and make your decision

[Ms.o 3322]

On 1/24/2020 at 2:27 AM, Hendy1 said:

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

Fomo must be avoided. If you are patient enough and willing to wait,well then its better to hold it than selling at loss,the invest again using spare money to buy again other coin.

[nicolas1234789 2566]

Experience is your best teacher but the best guide for trader is plan, how good your plan can be see from disciplines you have made on market. Before enter market you should have plan but if not cut loss ( sell ) is the best option. Start again new journey and make your last trading activity become experience, don't do the same mistake.

[Ali_hmwi 966]

On 1/23/2020 at 8:27 PM, Hendy1 said:

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

keep your coins the market always go up so you should be patient don't go out of a coin you lost in it ever.. but if there is a better choice then ok.

[Shahud 1319]

Most people loss their trades because of lack of crypto and trading knowledge.they don't have a proper planning and profect decision to mae a trade good and risk free.so to keep trade risk free and profitable one should keep learning the trading

Edited February 18, 2020 by Shahud
spelling mistake

[dinabolt 514]

Learn the coins and market trend first, buy potential coin and set your safety tolls before replace your money. Last tips is about timing, this will moment to leave market with money on your pocket and small potential loss from your strategy. Keep learn and try, your journey still far away from success.

[MCSGlegend 2210]

I just stop trading if I see that I have some money losses, it always helps, sometimes the market starts to grow up after my three-day rest.

[Oxygen 1004]

On 1/23/2020 at 11:27 PM, Hendy1 said:

These past few days, I have experienced losses in choosing coins, buying when the price of coins has risen, after which the coins have decreased in price, as a result I have experienced a slight loss for now, the question is whether I should sell my coins and choose new coins or keep my coins for the time being? waiting for your kind response.

It is called the cut loss method. You should study you purchased coins that if they have potential to grow back in next some days it is better to wait. but if it is already on top and you purchased in high prices, then it is better to have a cut loss.

[SuperCrypto 7193]

For most traders, the hardest part is dealing with losses in their trading positions, it is not about the issue of pain and distress, but the fact is that losses are often the catalyst that drives traders to make their worst mistakes.

[Salman gujjar 4]

First of all if you have extra money then u should purchase coin. When you thought purchasing the coin then u should knowledge which coin is best for me and my business. Then you purchase and save when the value increases then you should sell it

[teminalibug 309]

For me if the loss is too big, i take a drink after finish i i ago to sleep, when i wake up, i forget the loss and regroup to move on.

[cryptousd20 141]

هناك استراتيجية للتعامل مع الخسائر في سوق العملات الرقمية ، وهي مضاعفات ، ولكن لديها مخاطر كبيرة إذا لم تكن خبيرًا في سوق العملات الرقمية ، لذلك من الجيد تعويض الخسائر.