Do you want to quit trading ? | Bitcointalksearch.org

livingfree

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Quote from: MIner1448 on January 11, 2022, 06:17:38 AM

I have been trading for a year, most often on the spot, sometimes on futures with a minimum leverage, there was a profit almost every month, but the market was quite volatile in the direction of its increase. But with the onset of the bear market, all my deposits failed, all my profit was eaten by this red December .. As far as I understand, these manipulations in the market are not the only one I got into trouble, after such a market my hands certainly fall.

I thought that you've been making money every month as a trader.

But with just one month on December, you've been burnt there? Well, as for manipulations, they'll never be gone. The biggest players can do whatever they can.

And for someone small, can we do anything with it?

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Quote from: MIner1448 on January 11, 2022, 06:17:38 AM

I have been trading for a year, most often on the spot, sometimes on futures with a minimum leverage, there was a profit almost every month, but the market was quite volatile in the direction of its increase. But with the onset of the bear market, all my deposits failed, all my profit was eaten by this red December .. As far as I understand, these manipulations in the market are not the only one I got into trouble, after such a market my hands certainly fall.

Well we should prepare our mentality when something like that happens because this crypto market is really volatile rather than the stock market. Just leave your balance alone for a couple years, wait for the coin you trade is back to its ATH before getting dumped or you can start over with fresh capital and the old one just leave it then you trade until you recover from your loss.

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I have been trading for a year, most often on the spot, sometimes on futures with a minimum leverage, there was a profit almost every month, but the market was quite volatile in the direction of its increase. But with the onset of the bear market, all my deposits failed, all my profit was eaten by this red December .. As far as I understand, these manipulations in the market are not the only one I got into trouble, after such a market my hands certainly fall.

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Quote from: lenovop-70 on January 05, 2022, 11:33:42 AM

Of course I will not quit because I love my job as a trader. Talking about risk, of course there is, but it can be minimized with our records and experience. I feel trading has become easier with more knowledge and experience over time. So, in my opinion, the person who leaves what he has been doing for several years is a loser, he loses time, capital and energy in his journey.

I think the first thing we have to realize is that trading is not something that is easy to do and also the risks are high,
for newbies of course they need to learn a lot and keep looking for experience,
It's really unfortunate when something that has been lived for several years and is finally abandoned

elisabetheva

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Quote from: StLucifer on January 06, 2022, 12:20:12 PM

You can't think about quitting when you see yourself enjoying it. Quitting is for those who think that they get compromise and becoming hopeless. A lot of people did this, and countless traders decide to quit as they don't understand the situation and being frustrated with the results. It could be hard once on your first try you had suffered losses. That might also I feel when it happens to me but good thing it was not, and quitting is out of my mind.

all will experience something called despair and upset because the results obtained are not as expected and that is a natural thing. but there are those who have traits like you who don't give up quickly but also many who do the opposite of what you do because of trauma that harms them.

but I really agree with your way not to give up because mistakes are a science where we try to fix the mistakes we have made and not to repeat them again. it is not easy indeed to be able to continue to do that but it all depends on the experience he receives.

StLucifer

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You can't think about quitting when you see yourself enjoying it. Quitting is for those who think that they get compromise and becoming hopeless. A lot of people did this, and countless traders decide to quit as they don't understand the situation and being frustrated with the results. It could be hard once on your first try you had suffered losses. That might also I feel when it happens to me but good thing it was not, and quitting is out of my mind.

Masplanc

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Sometimes quiting is not as a result of in trading. Someone can feel like quiting maybe if their is not time to engage in trading, if something else occupying the whole time activities. The person may decide to quit trading for the main time. This can also be a reason for someone quiting trading too.

ranaprime

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I think it is better for a person to refrain from it if he does not enjoy it. Moreover, even if there is a problem of money, it is wise not to be here. However, if one trades with understanding and once he understands the trend of the market, he will never want to leave here.

lenovop-70

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Of course I will not quit because I love my job as a trader. Talking about risk, of course there is, but it can be minimized with our records and experience. I feel trading has become easier with more knowledge and experience over time. So, in my opinion, the person who leaves what he has been doing for several years is a loser, he loses time, capital and energy in his journey.

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Quote from: judaspriest on January 05, 2022, 04:49:04 AM

Quote from: Mehedi72 on January 04, 2022, 05:49:40 PM

Don’t know about their others jobs but trade has some rules what must maintain. For example, emotions arent allow on trade. don't sell for panic or don't buy for get rich overnight. plan money management before investing any amount. I know you’ll be in face even after following rules but in the long run, it can help you to survive in market and let you know, how to trade and make yourselfer stand up again after losses

Of course there are many things that must be considered to be successful in trading,
knowledge and skills alone is not enough because controlling emotions is also one of the important things too,
and definitely don't ever expect to be able to make a profit quickly or instantly

Knowledge and skills are the big factors when dealing with trading. I guess you'll be able to control your emotions if you have enough knowledge

in anything that you are doing, though not every time, but if you do really have the right skills and knowledge, you will be more organized when

participating in any trading event that you choose.

It's something that is considered as your edge when you are inside this business. I also agree to not to expect that much when you are only starting

but thru time it will bring the success that you are aiming..

judaspriest

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Quote from: Mehedi72 on January 04, 2022, 05:49:40 PM

Don’t know about their others jobs but trade has some rules what must maintain. For example, emotions arent allow on trade. don't sell for panic or don't buy for get rich overnight. plan money management before investing any amount. I know you’ll be in face even after following rules but in the long run, it can help you to survive in market and let you know, how to trade and make yourselfer stand up again after losses

Of course there are many things that must be considered to be successful in trading,
knowledge and skills alone is not enough because controlling emotions is also one of the important things too,
and definitely don't ever expect to be able to make a profit quickly or instantly

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Quote from: blockman on December 25, 2021, 06:34:26 PM

Quote from: Lanatsa on December 24, 2021, 06:00:12 PM

Quitting isn't a solution but rather an excuse for someone to take because they are afraid on facing up risks.

It's okay to quit and if it can be a solution. Trading doesn't suit everybody but only a few that wants to take risk and can bear it.
What you've said can be a personal motivation to those aspiring traders and if they find to give up but still sees themselves to be a trader, they just need to be lifted up and reminded a bit of what their goals are.

Well, not everyone is good at trading, so if you feel like you don't really know, or it's hard to trade, and find a job that makes it more comfortable, it's fine to leave.
however, the comfort of each person is different. if you feel unable to do something, and it makes us depressed, then it is better to look for things that make us more comfortable than continue to be there. there are still many ways to make money besides trading, such as airdrops, or other things. Each benefit offered will be different as well as the risk.

LastKiss

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Quote from: dunfida on January 04, 2022, 06:39:35 PM

Quote from: Mehedi72 on January 04, 2022, 05:49:40 PM

Don’t know about their others jobs but trade has some rules what must maintain. For example, emotions arent allow on trade. don't sell for panic or don't buy for get rich overnight. plan money management before investing any amount. I know you’ll be in face even after following rules but in the long run, it can help you to survive in market and let you know, how to trade and make yourselfer stand up again after losses

You shouldnt let your mind to be set that you could become rich with trading on fast pace manner because this is on where people been mainly thinking whenever they do tend to trade.
and when they get wrecked then this is where they do have that mindset on quitting for good.

Some would totally quit and some would just sustain and maintain up their position and tending to study things and realize on where they had committed those mistakes.
Quitting isnt a solution and if you are really in passion on doing trades then this wont really be a solution.

Many people think that trading can make them rich in a day and hope that happened to them, well it's not that 100% wrong but 10x in a day is really rare to see. They think like that because many ads show them that trading is easy, simple, etc. but in the real we need to be able to control our emotions, learn the basics, learn how to analyze. It's not weird if I see someone who just start to trading in a day and tomorrow they already quit.

dunfida

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Quote from: Mehedi72 on January 04, 2022, 05:49:40 PM

Don’t know about their others jobs but trade has some rules what must maintain. For example, emotions arent allow on trade. don't sell for panic or don't buy for get rich overnight. plan money management before investing any amount. I know you’ll be in face even after following rules but in the long run, it can help you to survive in market and let you know, how to trade and make yourselfer stand up again after losses

You shouldnt let your mind to be set that you could become rich with trading on fast pace manner because this is on where people been mainly thinking whenever they do tend to trade.
and when they get wrecked then this is where they do have that mindset on quitting for good.

Some would totally quit and some would just sustain and maintain up their position and tending to study things and realize on where they had committed those mistakes.
Quitting isnt a solution and if you are really in passion on doing trades then this wont really be a solution.

Mehedi72

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Don’t know about their others jobs but trade has some rules what must maintain. For example, emotions arent allow on trade. don't sell for panic or don't buy for get rich overnight. plan money management before investing any amount. I know you’ll be in face even after following rules but in the long run, it can help you to survive in market and let you know, how to trade and make yourselfer stand up again after losses

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Quote from: Lanatsa on December 24, 2021, 06:00:12 PM

Quitting isn't a solution but rather an excuse for someone to take because they are afraid on facing up risks.

It's okay to quit and if it can be a solution. Trading doesn't suit everybody but only a few that wants to take risk and can bear it.
What you've said can be a personal motivation to those aspiring traders and if they find to give up but still sees themselves to be a trader, they just need to be lifted up and reminded a bit of what their goals are.

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Quote from: EdenHazard on December 25, 2021, 05:15:36 PM

Quote from: mm2543363580 on December 20, 2021, 01:51:25 PM

Quote from: EdenHazard on December 20, 2021, 01:01:41 PM

Even if you are in huge loss , just like today red market ruin eveything indeed.

but it doesnt mean you have completely pull yourself out of this business.
you could always take a break for a while and waiting for the next momentum and make a comeback , remember just remember .. trading had an unlimited income potential and you cant ignore that facts right? as long as you are doing it right of course. big risk big return, that's the rule.

Well if you have invested all your cash and the market takes break then you have no other option left but to wait. Right now we dont know whether market is taking break or its just a dip. If you have spare cash only then you can buy at dip. Thats why its said, "when market is bear, cash is the king"

a dip what ?? 50k is a peak zone , we could go as low as $5k within a week .

it's a free market and nobody can hold that down , no matter how the hype giving you a huge confidence to think that the price could break another all
time high for hunderds times now ... you must remember that crypto is a wild one.
you can take advantage out of these wild market so just wait for the right momentum and continue your usual trading, as simply as like that.

People should be thinking this way on which they shouldnt be blinded on what they are seeing currently and being too hopeful or too optimistic without considering or minding the possible falls or pumps

that could happen.It is really hard to make out conclusions speaking of peak price or possible bottom which cant really be determined because those support and resistances could be broken out
instantly if the community or the entire trading community or investors would make out some significant move basing on what they do have in minds.

Speaking plus of with adoption and recognition on which it do adds up or one of the factors too when it comes to price movements.

EdenHazard

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Quote from: mm2543363580 on December 20, 2021, 01:51:25 PM

Quote from: EdenHazard on December 20, 2021, 01:01:41 PM

Even if you are in huge loss , just like today red market ruin eveything indeed.

but it doesnt mean you have completely pull yourself out of this business.
you could always take a break for a while and waiting for the next momentum and make a comeback , remember just remember .. trading had an unlimited income potential and you cant ignore that facts right? as long as you are doing it right of course. big risk big return, that's the rule.

Well if you have invested all your cash and the market takes break then you have no other option left but to wait. Right now we dont know whether market is taking break or its just a dip. If you have spare cash only then you can buy at dip. Thats why its said, "when market is bear, cash is the king"

a dip what ?? 50k is a peak zone , we could go as low as $5k within a week .

it's a free market and nobody can hold that down , no matter how the hype giving you a huge confidence to think that the price could break another all
time high for hunderds times now ... you must remember that crypto is a wild one.
you can take advantage out of these wild market so just wait for the right momentum and continue your usual trading, as simply as like that.

CDC AP

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There is no need to quit.
At the beginning of everything we will do, of course we have to consider many related things that will happen or the risks that will be received, daring to take risks is sometimes really needed for good results if indeed these efforts have the potential to gain profits. Things like this must be addressed with a strong mentality, a trader must have a strong mentality and commitment, even though there are risks... but if we have high intentions, it can be passed and succeeds over time

livingfree

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Quote from: Sihab76 on December 24, 2021, 05:48:37 PM

Cryptocurrency trading is very risky but every business has risky but if anyone has enough knowledge and experienced, he should reduce the amount of risks and losses.

There's a risk for every business and that's why you don't quit.

You only give up for a while and think of where you're wrong.

Quit trading but you can still always be an investor in the market and you don't need to look it out from time to time.

Topic: Do you want to quit trading ? (Read 1978 times)