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.
Topic: Art of quitting !!!! (Read 677 times)
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..
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). 
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.
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..
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.
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..
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.
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.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.
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.
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.
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. 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.
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 
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.
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.
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 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.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.
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.
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.
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.
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.
Especially in crypto, which is really volatile.
If your greediness will conquer your emotion, you will end up nothing.
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.
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.
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.
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
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.
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. 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. 
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.
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. 
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. 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.
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.
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
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.
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
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.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.
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
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.
Waiting and doing nothing for a while, name it quitting if you want, can be very profitable too.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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 .
Quit means they just looking for one time profits and this is not an art for the smart people,one who know when to enter and when to exit and keep repeating it known as experienced which can give more benefits to the investor.If someone failed one time and they are quitting means what they will lose all their capital at some business which I learned from my personal experience. 
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. 
I think the meaning of quitting is to stop loss ,especially doing trading which is common strategy of some ppl in order to prevent regrets in the future and etc. But just temporary because it's just like you taking a vacation and you need to come back after especially if you know that the market is already stable and good to start again to regain losses.
I think the art of quitting is trying to explain here is the right time to take a profit, like maybe you still keep your position open or close it at the sight of a little profit because if you see from his further explanation, he buttressed more on the point of gaining money which he said successful people has done by knowing the time to exit. You know, provided a project is good, there will always be huge profit on it on a long term base, so one can just apply your own tactics too, enter the market when the price is low and exit it when one has taken profit that makes one happy and leave the market to go on a vacation pending the time the prices falls again or one to buy back. I think the meaning of quitting is to stop loss ,especially doing trading which is common strategy of some ppl in order to prevent regrets in the future and etc. But just temporary because it's just like you taking a vacation and you need to come back after especially if you know that the market is already stable and good to start again to regain losses.
Yes. The art of quitting is not just applied to crypto trading but also even in all investments. You have to set a target goal wherein you have your maximum profit desired and if this one will be reached, then you can stop trading or investing and be back again once the chances for making profits is very high. 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 first depends on your goal for investment, whether on a long term or a short term, for a long term, it will be very glaring on when to exit market, there might not be a specific time but the market will be much more green enough to give you a breathing space to decide when to take your profit and leave.I usually don’t wait for the market to reach ATH before exiting on a long term base, but when it comes to short term investment, the only strategy I use in know when to exit trade is to strictly follow news and do my own research technically, from news, I should be able to pick the direction of a price when I weigh the ratio, which ever factor has the highest ratio is what I take to analyze further technically.
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 .
At a glance 'Art of quitting' which you mean looks like what is done by a trader, namely with the term cut loss. Crypto investment is a type of investment that has the potential for loss, and as far as I know there's only one way that's issued to minimize losses in trading, namely by setting a cut-loss limit. As an investor or crypto trader, both beginners and seasoned you may already understand the term cut-loss namely the strategy of selling crypto at a price lower than the purchase price. Besides that, the time to cut losses is usually different depending on our position in holding crypto, whether you're an active trader or you're an investor who invests in long-term. The strategy of getting out of the market at the right time I think this is the hardest thing, we never know the direction of actual market movements, because the crypto market is the most volatile market. In this case, I personally only rely on initiatives that are in my mind but after doing flashbacks, re-analyze and think carefully.
From all the experience that I have had in trading cryptocurrencies I can say that it's all about a well prepared strategy. Setting the target prices and executing the trades based on those prices is enough to buy and sell at the right time. Most of the times what happens is we set a target selling price but since the price of a particular coin is continuously increasing we decide not to sell. That's the mistake we do. Though we get good profits due to this but sometimes the price suddenly falls down resulting in losses.
So if we set the target prices according to the profits and just stick to it, we can execute profitable trades most of the times.
So if we set the target prices according to the profits and just stick to it, we can execute profitable trades most of the times.
As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.
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.
early is that you are securing profits yet we wont know on what would happen on next hour or next day.Pumps like these are unexpected that's why missing out
more profitable chances are not new the only thing we can do is to utilize buyback on lower point and repeat the same process.
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. As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.
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.
early is that you are securing profits yet we wont know on what would happen on next hour or next day.Pumps like these are unexpected that's why missing out
more profitable chances are not new the only thing we can do is to utilize buyback on lower point and repeat the same process.
As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.
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.
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 .
Well, it all depends on the kind of trader you want to be, either a trader that trades on a long term basis or a trader that trades on a short term basis, the truth is that those people who have made millions of dollars from crypto made it because they choose long term holding that short term trade, which is something we tend to avoid now, no one wants to hodl anymore.Once you are trading on long term, then it's easier to exist the market because you will surely know when there is going to be a dip in price.
I think the meaning of quitting is to stop loss ,especially doing trading which is common strategy of some ppl in order to prevent regrets in the future and etc. But just temporary because it's just like you taking a vacation and you need to come back after especially if you know that the market is already stable and good to start again to regain losses.
First, you need to decide the price you want to enter and exit so you can place your order in that price. Later, after you can enter the point to buy, you need to watch closer the market and decide how much profit you want to take. Then, you need to place the sell order and don't change it even if the price increase because you never know that it will still increase or decrease after that.
The important thing from this strategy is you don't greedy to chase a bigger profit, and you will feel enough for the profit because you can search for another profit in the next hour. When you can do this for 3x, I think your profit will bigger too while you are not chasing a bigger profit in one-time only. It is hard to stick with the profit we decide, but it's worth to do that because if you can make a profit over and over then, you can imagine how much profit you will get in the end.
The important thing from this strategy is you don't greedy to chase a bigger profit, and you will feel enough for the profit because you can search for another profit in the next hour. When you can do this for 3x, I think your profit will bigger too while you are not chasing a bigger profit in one-time only. It is hard to stick with the profit we decide, but it's worth to do that because if you can make a profit over and over then, you can imagine how much profit you will get in the end.
There is no art in quitting, if one decides to quit they should.
Some just cannot wait until the the market will again be bullish, well, let's look and reflect on what is happening now, I don't think they will still
think of quitting. It's very nice to stay in crypto, you loss sometimes it's not the end of journey, you can still improve and be successful.
Some just cannot wait until the the market will again be bullish, well, let's look and reflect on what is happening now, I don't think they will still
think of quitting. It's very nice to stay in crypto, you loss sometimes it's not the end of journey, you can still improve and be successful.
Nope there is actually a book called the art of quitting but it is only fit to apply in life, love and work. Yet for me it is not good to apply in crypto trading. As you have said lossing is a part of a trading platform which is just normal.
On the otherhand I can no longer understands what are you trying to point out
There is no art in quitting, if one decides to quit they should.
Some just cannot wait until the the market will again be bullish, well, let's look and reflect on what is happening now, I don't think they will still
think of quitting. It's very nice to stay in crypto, you loss sometimes it's not the end of journey, you can still improve and be successful.
Some just cannot wait until the the market will again be bullish, well, let's look and reflect on what is happening now, I don't think they will still
think of quitting. It's very nice to stay in crypto, you loss sometimes it's not the end of journey, you can still improve and be successful.
I guess the art of quitting you are pertaining to is on when is the right time to exit your entry in trading. That's what i've understand with your point. If you are using technical analysis and can understand the chart volume, you can exit your entry in the right time. Yes, it is true that we need further research and enough wisdom to perform all of this.
Quiting in business is not totally a wrong move.
Even soldiers fighting in the war fronts retreats to restrategize on their next line of action.
I see quiting as a period of taking out time to evaluate ones progress and then restrategize on winning steps to take.
To exist the market, one must have a target.
Once that target is reached,you can safely exit and wait for a good entry position.
Even soldiers fighting in the war fronts retreats to restrategize on their next line of action.
I see quiting as a period of taking out time to evaluate ones progress and then restrategize on winning steps to take.
To exist the market, one must have a target.
Once that target is reached,you can safely exit and wait for a good entry position.
Quitting does mean failure. Sometimes it's saves what you've gained. And that's what we do in some projects that doesn't follow their proposed road map and those project with depreciating value..
But we should not loose hope and just quit or sell crypto.. Especially in time that Bitcoin is rising again..
But we should not loose hope and just quit or sell crypto.. Especially in time that Bitcoin is rising again..
Of there's a "right time" In exiting the market, i doubt a lot of people can consistently figure out when that will be. The market would be very predictable if even one person can exactly know when the best time to quit is. That art you're talking about applies to trades with clear goals and a structured plan. You may not exit at the perfect time but at least you'll get out with profits.
When you say quitting, there should only one reason and that is it doesn't benefit you anymore. If you love the business and you a big potential in it, you don't quit and you don't use the word quitting. To pause and to lie low maybe apply but not quit. To pause, observe and wait is always the best strategy when you are no longer seeing any positive sign from the market and not quit for good.
I know I'm not the best trader, but setting a price before you go into a trade is very important when you get to that price you should start to take profit, if it's a coin that often pumps and then dumps, then sell everything and repeat when the coin has fallen down again. If you don't take profit then someone else will.
Also, you need to take losses also if you trade going south, you need to exit the trade before you lose too much money.
That obvious advice is easier said than done.
Also, you need to take losses also if you trade going south, you need to exit the trade before you lose too much money.
That obvious advice is easier said than done.
Not sure if I'm qualified to answer this question, but just like with buying in whereas you should have a sort of target buy price, you should also have a target sell price. I think you should simply set a price goal whereas you set your sell offer, instead of trying to sell at the very top, because it's going to be very difficult to guess the price roof.
I think you should move this to the Trading Discussion subforum though.
I support your analysis but the ops does not clarify the question because if you say quitting it makes it look as if you are saying a final good bye to the market, the question should have been how and when to sell or cash out and just as you have said. As one have a set price to buy you should also have the set price at which you sell you bitcoin and cash out your profits. I think you should move this to the Trading Discussion subforum though.
I don't know if there's such thing as art of quitting, but if you learn some basics about investing then you heard all about exit strategy:
https://www.investopedia.com/terms/e/exitstrategy.asp
So you need to have exit strategy as much as you have an entry strategy so that you won't get yourself in a position wherein you don't know when to sell or exit.
Quote
What is an Exit Strategy
An exit strategy is a contingency plan that is executed by an investor, trader, venture capitalist or business owner to liquidate a position in a financial asset or dispose of tangible business assets once certain predetermined criteria for either has been met or exceeded. An exit strategy may be executed for the purpose of exiting a non-performing investment or closing a business that is not generating profits. In this case, the purpose of the exit strategy is to limit losses. An exit strategy may also be executed when an investment or business venture has met its profit objective. Other reasons for executing an exit strategy may include a significant change in market conditions due to a catastrophic event; legal reasons, such as estate planning, liability lawsuits or a divorce; or for the simple reason that a business owner/investor is retiring and wants to cash out.
An exit strategy is a contingency plan that is executed by an investor, trader, venture capitalist or business owner to liquidate a position in a financial asset or dispose of tangible business assets once certain predetermined criteria for either has been met or exceeded. An exit strategy may be executed for the purpose of exiting a non-performing investment or closing a business that is not generating profits. In this case, the purpose of the exit strategy is to limit losses. An exit strategy may also be executed when an investment or business venture has met its profit objective. Other reasons for executing an exit strategy may include a significant change in market conditions due to a catastrophic event; legal reasons, such as estate planning, liability lawsuits or a divorce; or for the simple reason that a business owner/investor is retiring and wants to cash out.
https://www.investopedia.com/terms/e/exitstrategy.asp
So you need to have exit strategy as much as you have an entry strategy so that you won't get yourself in a position wherein you don't know when to sell or exit.
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As much i know no one can tell that perfectly when to quit in profit and when to buy in low, everything depends on plus and minus, you should be satisfy on what ever profit you are getting and on what low you are buying.
You're wrong because there are actually some certain things ones will combine together and it will make crypto trader and investors to know the time of entering and qutting the market. I mean things like checking to the status of the market, the level demand/supply and level of FUD/good news.
Quit while you're ahead is important in crypto where a coin can lose half it's value in less than a day. Everyone should have a target and simply stick to it without greed of wanting more
art of skill quit / stops, I'm not understand what you mean if you want to learn trade better you enter the trading section of the discussion. trade has its own terms and you have to find more knowledge there, it seems you want to ask the basic techniques of open buy positions, long / short term but not ask technical indicators directly
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 .
To quit with profit, we must follow the coin or token closely. Depending on our target profit, we must have patience and be wise not to be greedy. Meaning, selling our holdings once our target is met by the market. We must also have the secondary plan, sometimes unexpected happen like developer quitting the project or a grave news exposing that the once we thought legit project is actually not what we know it is. It is best to cut losses by selling our token and quit before it dumps harder.
I think, it would be better if we just exit with profit than quitting with profit since there maybe a possible event that may trigger our interest to get in to try another profit generating venture.
A total quit means not entering the crypto market ever again, and that is not what is happening if we talk about traders and investors in crypto currencies. They may take a break and rest somewhere out of reach of internet and things connected to this market but the moment another spark will geive them interest and surely come back with even stronger hands to trade or invest. The so called quitters are the ones who've lost already or maybe died in this field due to depression or sometimes threat, not the one who just merely stops for little bit of time.
Quitting might not be the appropriate word for it as if you aren't really quitting the market for good what you are really doing is just merely exiting a trade. Exiting a trade doesn't require you to have a gain in fact an exit for a trade only requires a plan and that plan is just simple as setting up a sell poit for both gain and loss scenario. You also need a target sell price for your loss in order to minimize your losses and this serves as a backup if your trade for profit has failed.
As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.
I think looking at the historical chart will tell you that a drastic fall follows every parabolic rise. Investors can certainly learn from this by taking profits after a massive parabolic rise. Of course, I will probably keep bitcoin and let go of the alts.
In most cases in crypto if you are lucky to buy some coins and you see that it is pumping right now and getting like 3x growth then you better immediately sell your coins. Such situations usually happen after a successful ICO and in most cases price is never getting back to the pumped level. Situations with coins like TRX are not predictable and you should never think that your shitcoin would have a strong and long term growth, just drop it. There is no art here.
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 .
Totally quit or just temporal exit on securing profit?If you do mention about quitting then it do talks on to completely stop on what you are doing and since you have mentioned about Exiting thats why im little bit confused on what you are trying to talk about.
We can call it quitting? As you say they already earn so they hit their goal and target. I think the scenario is have an objective that when you hit the goal then cash out. We will say quitting when someone will start investing and felt hard but suddenly decide to exit or pull out their capital for me that action is quitting. I can say that this is playing safe not art of quitting.
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 .
I am not on this stage because i need alot to learn and earn first before going to quit but i have my plans already when it happensFor me my quitting position is when i already get my target amount of profit even if this took me how many years,my target is to earn half a million dollars and then quit in crypto ,Extend my existing real life business and focus on real life activities,and forget virtual life forever (but ofcourse not by using crypto as a currency in future)
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 .
This is an interesting topic, indeed. One thing is knowing when to quit, which is of course important. But I think that another thing to draw attention to is being able to quit. When things are going well, you can just sit there and hold your bitcoin without spending it on anything. And it's not the same as the problem of not selling at the right moment. Let's assume bitcoin is gradually moving up and up and up forever. It's hard for an investor to sell it at some point and start enjoying the stuff one can now afford, because one can always wait a bit more and gain more. Eventually these kind of people die rather poor, burying with them tons of money that never got the courage to spend.
As much i know no one can tell that perfectly when to quit in profit and when to buy in low, everything depends on plus and minus, you should be satisfy on what ever profit you are getting and on what low you are buying.
The trick is, you need to have a target price or a target net worth.
If you don't have either one of these, you'll get trapped in the markets forever and never able to get out. This is because it can always go higher for better profits and it can also go always lower so you can accumulate more.
There is no end to this.
Set a target price/net worth and get out when you accomplish your goals.
Making money is fun but there are other things in life too.
If you don't have either one of these, you'll get trapped in the markets forever and never able to get out. This is because it can always go higher for better profits and it can also go always lower so you can accumulate more.
There is no end to this.
Set a target price/net worth and get out when you accomplish your goals.
Making money is fun but there are other things in life too.
Setting a target is nice and what makes it better is if you have a trading pattern that guides one to exit. For instance, if market is over bought or over sold and it corresponds with the target, then it is a clear sign that staying longer is a high risk.
Quit = "leave (a place), usually permanently."
https://www.google.com/search?q=quit&rlz=1C1CHBF_enPH837PH837&oq=quit&aqs=chrome..69i57j69i61j0l4.1479j0j7&sourceid=chrome&ie=UTF-8
https://www.google.com/search?q=quit&rlz=1C1CHBF_enPH837PH837&oq=quit&aqs=chrome..69i57j69i61j0l4.1479j0j7&sourceid=chrome&ie=UTF-8
That not what OP meant, you didn't have to google search the meaning of "quit". Art of Quitting is a strategy of knowing when to stop to reduce a loss in profit or income.
That is why I have said that i cannot classify that strategy as art of "quitting" based on that definition above. I was just trying to give out my opinion tho lol. I know what that means, it's just that I have my own definition of that term if we do talk about the crypto trading. It may be appropriate if the art of quitting is being performed for "love,work, life".
Edit: Brewmaster somewhat get the idea as well "exiting" rather than quitting
it depends on whether you are actually quitting or exiting. and also it depends on what is it you are quitting, is it bitcoin or an altcoin or something else? i am going to assume it is bitcoin:
to quit, there is no strategy. you just sell and say bye bye to bitcoin.
to exit, you usually want to sell at a price that you know is a bubble or is a mini bubble or basically anything that is going to be followed by a correction during rises.
for example today where price went up fast, it was a good time to sell but you had to sell at $5000 or anywhere near it and then buy back again when the market calmed down around $4650 to $4750.
which means 25% profit on the rise and buy back of same amount or more with the profit at 5-7% after the correction.
to quit, there is no strategy. you just sell and say bye bye to bitcoin.
to exit, you usually want to sell at a price that you know is a bubble or is a mini bubble or basically anything that is going to be followed by a correction during rises.
for example today where price went up fast, it was a good time to sell but you had to sell at $5000 or anywhere near it and then buy back again when the market calmed down around $4650 to $4750.
which means 25% profit on the rise and buy back of same amount or more with the profit at 5-7% after the correction.
Quit = "leave (a place), usually permanently."
https://www.google.com/search?q=quit&rlz=1C1CHBF_enPH837PH837&oq=quit&aqs=chrome..69i57j69i61j0l4.1479j0j7&sourceid=chrome&ie=UTF-8
https://www.google.com/search?q=quit&rlz=1C1CHBF_enPH837PH837&oq=quit&aqs=chrome..69i57j69i61j0l4.1479j0j7&sourceid=chrome&ie=UTF-8
That not what OP meant, you didn't have to google search the meaning of "quit". Art of Quitting is a strategy of knowing when to stop to reduce a loss in profit or income.
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 .
I cannot classify that strategy as quiting. They just know when and how to take and entry or to take out their entries and that is how they gain advantage to crypto market. Because if that is being classified as quitting there might be no coming back in the market
Quit = "leave (a place), usually permanently."
https://www.google.com/search?q=quit&rlz=1C1CHBF_enPH837PH837&oq=quit&aqs=chrome..69i57j69i61j0l4.1479j0j7&sourceid=chrome&ie=UTF-8
The trick is, you need to have a target price or a target net worth.
If you don't have either one of these, you'll get trapped in the markets forever and never able to get out. This is because it can always go higher for better profits and it can also go always lower so you can accumulate more.
There is no end to this.
Set a target price/net worth and get out when you accomplish your goals.
Making money is fun but there are other things in life too.
If you don't have either one of these, you'll get trapped in the markets forever and never able to get out. This is because it can always go higher for better profits and it can also go always lower so you can accumulate more.
There is no end to this.
Set a target price/net worth and get out when you accomplish your goals.
Making money is fun but there are other things in life too.
From my understanding of the art of quitting means that knowing when to quit in trading even though the potential profit might grow. It's like the market is good but you are afraid that it might fall down in a couple of hours and decided to stop the process of trading.
I think knowing when to quit is important in a lot of area of life and not only when we are talking about investment. When something goes wrong and you know you can't achieve it quiting is probably the best option for you but the problem is most people have learned to never quit so they go on and end up failing. People have this bad mentality that they should never quit but that's wrong.
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 .
Quitting means cutting your losses but not earning profit. Those who quit are usually panic sellers who bought on peak and too stressed to have it on hand. They quit not because they earned something but to avoid further losses on the price drop. Theres never a good thing in quitting so never quit.
I purchased the Bitcoins when their price was *3 of what it is right now and the only reason I didn't sell the Bitcoins is because I had already lost a lot and I was unsure that it could go worse , therefore even now I have some Bitcoins in my wallet waiting for the bull run.
But I think the first red flag should be decrease in value by 20% that's when you are already loosing and when it's less than 50% of it's value the exit strategy should depend on the amount of money that you have invested.
Generally if it's more than 500$ then the loss percentage is countable and then also you need to see how much of this loss is valuable to you , if you are willing to loose that amount then I think you should wait a little maybe you get lucky.
This is entirely dependent on your income , your amount of investment and your choice.
It's different for everyone, thus I think it's purely a personal matter no one can give you any advice about it.
But I think the first red flag should be decrease in value by 20% that's when you are already loosing and when it's less than 50% of it's value the exit strategy should depend on the amount of money that you have invested.
Generally if it's more than 500$ then the loss percentage is countable and then also you need to see how much of this loss is valuable to you , if you are willing to loose that amount then I think you should wait a little maybe you get lucky.
This is entirely dependent on your income , your amount of investment and your choice.
It's different for everyone, thus I think it's purely a personal matter no one can give you any advice about it.
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.
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.
Not sure if I'm qualified to answer this question, but just like with buying in whereas you should have a sort of target buy price, you should also have a target sell price. I think you should simply set a price goal whereas you set your sell offer, instead of trying to sell at the very top, because it's going to be very difficult to guess the price roof.
I think you should move this to the Trading Discussion subforum though.
I think you should move this to the Trading Discussion subforum though.
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 .
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