/biz/ - Business & Finance

you only lose if you sell

>>25531761
LOL fucking bobo poster can't handle loss when his whole portfolio strategy is based on losing money

>>25531761
Dude I made 100k in one day last week. You gotta be able to stomach -50k days every now and then when you chase those kinds of gains.

>>25532143
do you use stop losses? I can't even imagine letting my trades run like that. Probably would've market sold everything.

>>25532173
Not really a trader. I buy and hold. Been accumulating since 2012 so I'm used to the swings at this point.

>>25532143
you didnt make 100k you were up 100k

>>25532311
Fair distinction. You're right.

>>25531761
>>25531788
This, and you will realize the gains you sold too early hurt far more than the losses you never realize
You won’t build up the risk tolerance until you’ve watched yourself go down to -50% initial capital and then magically pull a 4x days later.

>>25531788
This
>>25531761
Unless you're gambling on low mcap anon team shitcoins, they always come back up. I feel like a winner whether it dumps or pumps because I can just swing it and buy more

>>25532173
Using market sells and refusing to use stop-losses is white knuckling your trades and honestly the only way to safely make short-term plays when you see big volatility coming up. You won’t care about paying 2x tx fees when you walk out on top. You won’t trust stop losses when you’ve watched yourself get scamwicked brutally. The name of the game is personal custody and you need to be prepared for the highs and lows — that said, using stops on longer-term safe plays where you’re already up is not a bad idea by any means. In theory, they should be the responsible, smart, and safe thing to do; in reality, CZ will fucking eat you alive for trusting a bot over your own hands.

>>25531761
any fag that bought earlier this year is up 300%. when you're up 300% you don't care if the market dumps 30% because you're still massively in profit.

>>25531761
not gonna lie. that shit just sucks. Crypto is a good investment though so you wait it out and learn to stop buying on the spike and avoid margin trading.

>>25531761
At $10K now, not gonna start caring til around $150K. I didn’t go it with my life savings. The expected value I get from holding and hoping this is similar to 2017 is way higher than just leaving the game during a dip. I have never not been in profit so far so hopefully my balls are as big as I think they are.

>>25531761

Same shit can happen with stocks when you reach a big net worth. Anyone with hundreds of thousands or more invested can see 5 digit losses in a single day

>>25531761
>Losses

by having a job and not spending more than you can afford to lose.

because death and homelessness are no worse than mediocrity, making it and having money work for you is the only goal worth achieving. struggling is always struggling.

>>25532568
>January 4th, 2021

>>25531761
I’ve been down 300k in a day before bobo it’s not for everyone, but then again bobo would never have built this from 12k
2015 fag

>>25531761
Train your mind to see crypto as vidya. It makes waking upto 70k losses feel like hitting some spikeys in sonic

>>25531761
You just need to feel it. Let the dump flow through you. Carry that weight. Make peace with it

It depends whether you're a stock-chad or a crypto-virgin. Stocks always go back up if the company has actual earnings and shit, so you can just hold them bags.

>>25535332
which exchange is this?