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Topic: Art of quitting !!!! (Read 677 times)

jr. member
Activity: 90
Merit: 1
April 30, 2019, 07:41:03 PM
#90
It depends on the investor itself, as an investor we should be seeking for a secure profit and not a high profit and if we're looking for a high profit then we should just invest into gambling. For me the art of quitting is easy you since my goal is just 3%-5% of what I've invested and moved to the next coin or to wait for the right investment again.

in regards with losing I'll set a 5%-10% of losing before quitting my investment in order to avoid further loses since we don't know when will that coin will pump again.
hero member
Activity: 2940
Merit: 613
Winding down.
April 30, 2019, 06:34:27 PM
#89
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Experienced traders know when to leave. every trader has the skills to research, see the opportunity to buy and see when bad
conditions will come, and they must know when to sell and quit the market to avoid losses..
Best idea is to try not to be greedy when it comes to making profit The moment you make your decision on things I will suggest you go for those things only and dont make any other addition to it You will be safer learning the trading curves and make atleast stable profit Where there is issue is targeting to much higher than usual That can lead to some losses and panics
Yes. If the price has already reached a good amount that can give you profits, then sell already some of your coins to make profits. Do not wait for more price increase because you have no assurance that it will really pump the next time you sell. When you see an opportunity to make good profits, then grab it and do not be greedy to wait for another one.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
April 30, 2019, 05:14:05 PM
#88
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Definitely what we understand to quitting the market is when the bearish is really hard ( that's when the market is not favourable and profitable at that moment you get to know it's time you exit the market).
hero member
Activity: 798
Merit: 527
April 30, 2019, 03:56:39 PM
#87
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Exiting market at the real time? Like when do you mean? You do know that this market is something else and really unpredictable. Hardly have I seen anyone that was able to predict what’s the market is going to be next coming days. So, if you’re investing in this market that means that you’ve decided that you’re ready to take the risk.

You invest at anytime and be ready to take the risk of losing that money. Though the best thing I have noticed is that you shouldn’t buy when the bull trend has already gone far or when the bear trend is starting. If you want to buy coins, buy them when they are bottoming and you will be able to make profit from holding it for a set time.
full member
Activity: 1470
Merit: 103
COMBO 2.0
April 29, 2019, 05:12:21 PM
#86
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Experienced traders know when to leave. every trader has the skills to research, see the opportunity to buy and see when bad
conditions will come, and they must know when to sell and quit the market to avoid losses..
Best idea is to try not to be greedy when it comes to making profit The moment you make your decision on things I will suggest you go for those things only and dont make any other addition to it You will be safer learning the trading curves and make atleast stable profit Where there is issue is targeting to much higher than usual That can lead to some losses and panics
full member
Activity: 546
Merit: 100
April 29, 2019, 03:18:10 PM
#85
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Experienced traders know when to leave. every trader has the skills to research, see the opportunity to buy and see when bad
conditions will come, and they must know when to sell and quit the market to avoid losses..

To quit is really difficult. It is more complicated than to start trading. Here, you need to realize that you lose a part of your life, another source of an income and the hobby that you like so much.
legendary
Activity: 1372
Merit: 1008
April 28, 2019, 06:55:39 AM
#84
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
Experienced traders know when to leave. every trader has the skills to research, see the opportunity to buy and see when bad
conditions will come, and they must know when to sell and quit the market to avoid losses..
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
April 28, 2019, 02:11:19 AM
#83
Remember that in addition to making a strategy of getting in and out of trades, it's also a good idea to move any stoplosses upwards whenever necessary. I've had many trades go wrong at the last minute because I didn't move up my stoplosses and I lost potential profits as a result. Only make a trade when you've got aspects like entry and exit fully planned out, or you're much more prone to panicking and making poor decisions off of temporary emotions.
Agree with that, planning is necessary and every should have that prior to actual trading.
With proper planning, you have something to follow and even if you loss because your plan is not effective, but at least you won't blame yourself because of panic, not every planning is successful but eventually you can improve from your mistake because your can evaluate your plan and improve it.
legendary
Activity: 3052
Merit: 1188
April 28, 2019, 01:39:52 AM
#82
For me, I think the best strategy is to set a target. Set a target into when you will sell your coins and when to buy your coins. Use some indicators that will help you in trading and set a target. In that way, it will increase your chance to get profits.
This is the best feeling in doing trading, setting your target or taking profits on your every trade. For me, the term of the OP is something wrong. Taking profits is not quitting, it is the best doing in trading. Taking profits is never a bad decision in trading, it's only sign you are improving your skills in trading once you take profits.
I agree with what you have said, OP might just mean what you have said but the manner of expression or presenting it might be the issue in his statement, I think I understand what he said, his own art of quitting is probably knowing the time that is ripe for an investor to take profit both in long term and short term investment.

For short term investment, like you said, the best time to quit for trader would be when they have met the target they have set when placing an order, but they don’t have to be rigid about their target because sometimes, the market might not be good then, while the best time to quit an investment for long term is when the coin has given enough satisfactory profit or when it gets to its ATH and about to reverse its price.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
April 27, 2019, 04:08:54 PM
#81
Remember that in addition to making a strategy of getting in and out of trades, it's also a good idea to move any stoplosses upwards whenever necessary. I've had many trades go wrong at the last minute because I didn't move up my stoplosses and I lost potential profits as a result. Only make a trade when you've got aspects like entry and exit fully planned out, or you're much more prone to panicking and making poor decisions off of temporary emotions.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
April 27, 2019, 03:18:33 PM
#80
I think once you speculate a market or coin to hit a certain a target and it successfully does that the best option is to get out from there and dont be greedy even if the market pass your speculation just leave on your previous mark or you end up with lots of disappointment

Just to buttress on that, most at time this speculations work for our good why in the other hand, they work for our disappointment. Most atimes when luck is on our side, we tend to say our strategy work until when the gains during the lucky period disappear from us like a dream, at this junction we begin to think of quitting.
full member
Activity: 602
Merit: 111
April 27, 2019, 03:11:00 PM
#79
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
mostly we don't know when to who quit our investment and make the profit and this will be definitely loan when you take the time to learn and time to you spend about your working things in this field then only the art of quitting will be known there everyone mostly will come under only with your experience.
sr. member
Activity: 2506
Merit: 368
April 27, 2019, 01:04:06 PM
#78
I think once you speculate a market or coin to hit a certain a target and it successfully does that the best option is to get out from there and dont be greedy even if the market pass your speculation just leave on your previous mark or you end up with lots of disappointment
Yes. If the price has already reached your goal price then sell it to make profits. Do not wait for more increase again because there are also chances that the price will suddenly dump.If you have gained profits already, then take a break for a while and trade again when you see higher chances of making profits. Sometimes greediness won't give positive results too.
Just remember that being greedy will always not give you a positive result, therefore, focus on your target price sell then exit to take a profit. There is no point of taking too long to take your profit if you think that the market might pump more. You can always do this again and again if you gain some profit to buy back again when the price dump.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
April 27, 2019, 12:16:23 PM
#77
Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .
yes definitely experienced people only know what and which time is the best time to quick because we know right time to enter but we don't know which is the right time to get out with their future number of profit that will be important think here
full member
Activity: 700
Merit: 101
April 27, 2019, 10:51:12 AM
#76
Your mental traders are not yet fully reliable, I think this is just a frustrated person's thinking.
if you feel disappointed I feel that deciding to quit is not the right thing to make a choice, it would be better if you add funds and continue to increase your investment to achieve certain targets.
legendary
Activity: 2506
Merit: 1394
April 27, 2019, 10:04:41 AM
#75
For me, I think the best strategy is to set a target. Set a target into when you will sell your coins and when to buy your coins. Use some indicators that will help you in trading and set a target. In that way, it will increase your chance to get profits.
This is the best feeling in doing trading, setting your target or taking profits on your every trade. For me, the term of the OP is something wrong. Taking profits is not quitting, it is the best doing in trading. Taking profits is never a bad decision in trading, it's only sign you are improving your skills in trading once you take profits.
hero member
Activity: 980
Merit: 506
April 27, 2019, 07:56:57 AM
#74
I think quitting isn't the best word to describe what traders do. Its better if you say it "Art of taking Profit" because when you say quit, its like you sell your coins and you will quit gambling.

For me, I think the best strategy is to set a target. Set a target into when you will sell your coins and when to buy your coins. Use some indicators that will help you in trading and set a target. In that way, it will increase your chance to get profits.
Exactly that is the best term to describe it. The art of taking profit. But I think not all the people are able to take profits in the crypto business. Many of them simply want to quit because they have lost value in the market or maybe they do not want to lose more value.

However, those who speculated in crypto for long term have been able to resist or avoid the panic and take out profits successfully after holding for some time.
legendary
Activity: 2576
Merit: 1043
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April 24, 2019, 12:39:41 AM
#73
I think quitting isn't the best word to describe what traders do. Its better if you say it "Art of taking Profit" because when you say quit, its like you sell your coins and you will quit gambling.

For me, I think the best strategy is to set a target. Set a target into when you will sell your coins and when to buy your coins. Use some indicators that will help you in trading and set a target. In that way, it will increase your chance to get profits.
legendary
Activity: 2506
Merit: 1394
April 23, 2019, 10:27:54 PM
#72
In trading, you can say that is on how we take profits. For example, we entered on trade, but before you should already have your plan. Especially your entry price, stop loss and your exit price. What I want to point is, before you enter, you set your goal, it's like how you take profit on the market.
Especially in crypto, which is really volatile.
If your greediness will conquer your emotion, you will end up nothing.
full member
Activity: 798
Merit: 100
April 23, 2019, 05:24:55 PM
#71
I think that it is also necessary to have good knowledge and skills to get out with crypto. Often those who started it to do they have not to leave her. I think left crypto those who bought bitcoin from the beginning and was able to make a big profit. The others are still here.
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