Art of quitting !!!! - page 2. | Bitcointalksearch.org

Ipwich

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Quote from: ecnalubma on April 23, 2019, 01:17:11 PM

Well its really painful seeing your investment losing value but its part of investing. People broke investing in cryptocurrency cause they lack knowledge and research. It does not mean your exiting your not involved in crypto anymore but your gathering experience that you can use for your future decisions.

It can't be possible that everyone will win, even good investors also loses but they did not quite and instead they improve themselves.
Quitting is a hard decision, I would quit if I believe I tried everything, risk a lot and still has not seen some improvement in crypto make good money.
I have failed many times in the past but I stand up and face the challenges, I know investing is risky but the picture of success is so huge that it could change my life.

Hamphser

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Quote from: darklus123 on April 07, 2019, 07:06:22 PM

Quote from: pixie85 on April 03, 2019, 04:28:44 PM

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

You can also keep trading during the day and exit before going to bed. I found it to be a better choice than being bothered in your sleep by an open position.

Then it seems that you haven't fully understood trading, it doesn't matter if you exit earlier than the sudden price pump. The fact that you don't have control with the market the only thing you can do is to take a profit that you have targeted. For example you only want a 10% profit therefore exiting when you already hit the target isn't bad at all.

Remember that not all are doing a day trading therefore your advise is not for all

People don't really get any satisfaction when it comes to profits where regretting if they do saw the price climbed up more than on the target price they have set out.

Hitting your target is always been good as long it do add positive on your balance then its considerable and don't ask for more yet this would lead to stress and confusion later on.
Just stick to your trading ways and be consistent on making profits among on your trades.

playboy654

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Quote from: niisarearning on April 02, 2019, 04:54:10 AM

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 .

the art of quitting is the best position in cryptocurrency field if we find the right time of getting out and make the profit in your hands it will be the success for your investment and your work and if a person know what is the right time to quick he will be successful.

mersal

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Quote from: niisarearning on April 02, 2019, 04:54:10 AM

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 this thing will only do by the experienced people to find which is the right time for exit and with huge amount of profit so we need to to be more careful about what is the right time and what is the round time then only this type of things will be clearly predictable for the people who are like this.

ecnalubma

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Well its really painful seeing your investment losing value but its part of investing. People broke investing in cryptocurrency cause they lack knowledge and research. It does not mean your exiting your not involved in crypto anymore but your gathering experience that you can use for your future decisions.

niisarearning

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Quote from: SlimShadyMmp on April 07, 2019, 05:15:45 PM

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

Exactly you said it word greed is the main factor that doesnot allow us quitting from market .Whatever the loses i am having till now because of my greed fro sure . We have to learn fixing our profit ratio once we get forget about that.

guoyu78

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Quote from: boty on April 05, 2019, 04:20:40 AM

Quote from: Idrisu on April 03, 2019, 05:05:45 PM

Quote from: niisarearning on April 02, 2019, 04:54:10 AM

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 .

Quiting is not really a good thing in investments because you will need experience, patience and persistence for you to really succeed in trading and investment and quiting keep you from succeeding. When you quit you are a loser and success is far.

It is true that giving up is not a good thing to do, but there are a lot of traders who experience preferring to go out when they lose or get stuck in expensive prices because if they continue it might make them lose so it's better to do it more safely .

There is a very famous quotation that is, do not put all your eggs in the same basket. It means that a wise man will not only invest in cryptocurrency but in property business and automotive industry as well as in stocks and bonds. After that, even if he is at loss for the time being in the cryptocurrency thing, he should not leave the market and rather stay as a result of which he will learn how to do things and in the long run, he will be successful.

I never suggest anyone to quit completely but I do suggest to stay away from the markets during bearish markets conditions. Hope anyone could understand the benefits of staying away from falling markets. I guess that would easily explain anyone the big advantages of art of quitting temporarily.

darklus123

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Quote from: pixie85 on April 03, 2019, 04:28:44 PM

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

You can also keep trading during the day and exit before going to bed. I found it to be a better choice than being bothered in your sleep by an open position.

Then it seems that you haven't fully understood trading, it doesn't matter if you exit earlier than the sudden price pump. The fact that you don't have control with the market the only thing you can do is to take a profit that you have targeted. For example you only want a 10% profit therefore exiting when you already hit the target isn't bad at all.

Remember that not all are doing a day trading therefore your advise is not for all

Vaculin

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Quote from: SlimShadyMmp on April 07, 2019, 05:15:45 PM

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.

SlimShadyMmp

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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

eaLiTy

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Quote from: pixie85 on April 03, 2019, 04:28:44 PM

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

It depends on the market situation, the smart move is to invest for the long haul then you wont be selling during these valuation, unless you see a good rally we will hold on to the coins and during those times having a exit strategy is a good one to come up with a good profit before the market crashes and entering once again at the bottom, having a bot to monitor those price movements is a good idea.

Seth2009

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Quote from: niisarearning on April 02, 2019, 04:54:10 AM

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 .

In order. For you to gain more profits even if its in bearish time, learn to trade... Learn the basic indicators price actions volume support and resistance.. Reading charts and candlesticks.. If you are in full knowledge in crypto you will learn where to quit and yet still gain profits

Ritrees

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It is more the Art of having Patience. You don't need to be in a trade all the time.
Waiting and doing nothing for a while, name it quitting if you want, can be very profitable too.

gabmen

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Quote from: Tungsten-1 on April 07, 2019, 06:22:01 AM

Quote from: Indrawan77 on April 06, 2019, 01:49:54 AM

Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

It is not that hard if you have any kind of experience with trading, most of time quitting happens when the price of the coin rises high, we wait and trade for long term, we will have to wait until price recovers, panic selling is not good step for wise traders and I always try not to quit specially if I bought at a bit high price, as it is not good dealing.

Or if you're following a strategy or a solid plan with your trades. Quitting doesn't necessarily mean giving up entirely. It sometimes means you're in full control of your emotions to be able to trade again the next day. There will be days when trades aren't working well for you so instead of allowing it to affect your thinking, might as well quit for the day.

milewilda

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Quote from: bravehearth0319 on April 07, 2019, 08:54:48 AM

Quote from: Red-Apple on April 02, 2019, 06:19:44 AM

i wouldn't call it "quitting". it is more like taking profit out. of course this is only concerning when you are making an investment and care about nothing else.

to take profit you have to have set a target for yourself. this target is set based on things such as the profit you want to take, the market state, the asset you have bought, the potential of that asset, and a dozen other things depending on what you have invested in.
for example in an altcoin that is getting pumped, that target for me depends on how much power that pump has, how much hype is circulating in the media about it and also about how much volume i see going into that pump. then i try to speculate a top and dump my altcion a little below that target because i don't want to be late.

I agree with you that quitting might not be the appropriate. This is just about timing up of your investment and trading. It is about the strategy of resting while the storm is hitting, and then returning to full blast as soon as the sun rises. There's nothing wrong with resting. The market doesn't look bright all the time. For sure there will be ups and down.

Well said! Not all the times the market is kind to us on where there are really lots of storms and waves to be experienced which would really cause loss of money and
very hard to determine or to make some analysis with it thats why as a trader we should be wise on when to quit or completely have a break when we do already sense
that it is already risky to proceed on.

bravehearth0319

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Quote from: Red-Apple on April 02, 2019, 06:19:44 AM

i wouldn't call it "quitting". it is more like taking profit out. of course this is only concerning when you are making an investment and care about nothing else.

to take profit you have to have set a target for yourself. this target is set based on things such as the profit you want to take, the market state, the asset you have bought, the potential of that asset, and a dozen other things depending on what you have invested in.
for example in an altcoin that is getting pumped, that target for me depends on how much power that pump has, how much hype is circulating in the media about it and also about how much volume i see going into that pump. then i try to speculate a top and dump my altcion a little below that target because i don't want to be late.

I agree with you that quitting might not be the appropriate. This is just about timing up of your investment and trading. It is about the strategy of resting while the storm is hitting, and then returning to full blast as soon as the sun rises. There's nothing wrong with resting. The market doesn't look bright all the time. For sure there will be ups and down.

Tungsten-1

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Quote from: Indrawan77 on April 06, 2019, 01:49:54 AM

Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

It is not that hard if you have any kind of experience with trading, most of time quitting happens when the price of the coin rises high, we wait and trade for long term, we will have to wait until price recovers, panic selling is not good step for wise traders and I always try not to quit specially if I bought at a bit high price, as it is not good dealing.

Indrawan77

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Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

LimLims

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Yeah Art of quitting is really a necessary step in order to yield great profits in trading.
Let me tell you more briefly. If you don't know when to stop and how to stop, then you will ultimately face losses only.
A great trader/gambler knows when his limits are over and therefore he can be mentally prepared to stop or quit.
If you know the art of quitting then you will definitely be a big winner.

koroke

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Quote from: niisarearning on April 02, 2019, 04:54:10 AM

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 .

Instead of using the word quitting as one of the factor how eell you can be in crypto community I want to use the word 'Seatback' which means reverse of fortune. Instead of working and sacrificing necessary things that you should keep with you taking rest will certainly help you to think of a better strategy in making profit. As what you have said, dedication,research as well as patience are essential factors for a certain business to boom but in reality it's not only about moving forward but considering setback in the picture. For example in gambling , we can't expect luck to happened each day and if you think you are about making multiple losses it's time for you to consider setbacks and regaining strategy to obtain profit in the next time, and that's what I usually do whenever I play into an online casino which is Vegas casino playing variety of games that I love with proper moderation as well as enjoying their great deal of welcoming reward just for doing my deposit into it and considering setbacks if necessary.

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