@KamranY40 on USDJPY | PriceONN Community

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KamranY40 PRO newbie
USDJPY Mar 31
I bought USDJPY around 159.10 thinking it would go up. Now it's at 158.86 and my loss is getting bigger. I don't know what to do. Should I sell now or wait? This is my first real trade and I'm already losing money. It's making me really nervous.
USDJPY

Replies (3)

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KamranY40 PRO newbie Mar 31
Wait, I was looking at the chart again and it seems like 158.80 was a support level before? Or maybe it was 158.70? I can't remember exactly. If it breaks below that, then it's definitely going to drop more, right? I might just cut my losses if it goes below 158.80. My friend told me to buy here, but I'm starting to regret it. This Asian session is brutal.
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melissa824 PRO newbie Apr 1
Hi @KamranY40, I understand how you feel. It's really tough when your first trade starts going against you. I've been reading that 158.80 might be a support level, so if it breaks that, it could definitely drop further. I'm also a beginner, so I'm still learning when to cut losses.
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ithompson52 PRO newbie Apr 4
Hey @KamranY40, I'm also feeling anxious about my trade right now. Losing money early on is really tough. I've seen some talk about 158.80 as support too, so I'm watching that closely.
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