sadem khan
Newbie
- Nov 13, 2018
- 47
- 17
i purchased some cryptocurrency like trade now its rate going to down to down! and i see i have lose some dollars. what's the next?
Cryptocurrency Rate Down!!!
- Thread starter sadem khan
- Start date
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- Tags
- crypto cryptocurrency trade trading
D
Deleted member 1333509
Guest
set a loss that would be the maximum that you would accept. if it gets to that point sell.
use this loss to remind you never to trade cryptocurrency again until you have done some more research on it and trading principles.
use this loss to remind you never to trade cryptocurrency again until you have done some more research on it and trading principles.
sadem khan
Newbie
- Nov 13, 2018
- 47
- 17
thanks but i was got profit but didn't withdraw like donkey.
- Apr 13, 2013
- 8,294
- 2,803
Great! Your first step of learning.
sk8rboy90
Registered Member
- Dec 1, 2016
- 54
- 15
Hold on to it. There's seems to be a general consensus amongst some crypto insiders that it's going to spike up one last time before crashing down.
Speaking from personal experience, the rule of thumb for crypto is to only invest what you're willing to lose. If you need profit asap, then maybe it's not wise to invest in it just yet.
Speaking from personal experience, the rule of thumb for crypto is to only invest what you're willing to lose. If you need profit asap, then maybe it's not wise to invest in it just yet.
mpikxfx
Regular Member
- Dec 20, 2013
- 372
- 106
Obviously, you didn't do your research. You are treating crypto like gambling.
sk8rboy90
Registered Member
- Dec 1, 2016
- 54
- 15
Mistake #1 - "oooh crypto hit a new high, let me dump all my money in it and walk away a millionaire"
Jameslibon
Newbie
- Dec 26, 2020
- 3
- 0
I don't think stop loss can work for that kind of loss as it is a systemic drop. My advise for you is that you should wait a bit for the crypto to rise again. It will definitely rise
