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RE: My trading story - when its time to call it quits

in #cryptocurrency7 years ago

Congratulations on recouping your loss. As a professional trader (not of cryptos, although I trade them ocasionally), there's one part of your motto I would disagree with....never selling at a loss can sometimes be impossible. With cryptos this is very much the case when investing in smaller alt-coins...as some take hits they never recover from. The explosion of the variety of them makes that inevitable.

The old adage in equity trading is to let your winners run, while taking profit along the way, but to cut your losses early.

Thanks for sharing your story and happy trading right back at ya.

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thanks for your advice. selling at a loss was a must for me becuase i was going to "miss the boat" with the others i wanted to invest in so i did and recoup the losses. thanks again. followed and upvoted ...