I quit trading - page 118. | Bitcointalksearch.org

Oriannaa

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Quote from: RealPhotoshoper on March 16, 2016, 05:30:17 AM

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

i will not calculate my trading overall,i know i gonna lost some bitcoins,and less profit,i just focus for what i do now,no matter what my history are. trading is suck if we too focus on profit,but if we enjoy with small and passive result,we gonna happy a lot.

The fact that the op did it for 2 years is amazing.

Some people get destroyed from the day 1, so at most they get a valuable education on how trading works? 7 btc difference does hurt but could of been way worse.

RealPhotoshoper

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Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

i will not calculate my trading overall,i know i gonna lost some bitcoins,and less profit,i just focus for what i do now,no matter what my history are. trading is suck if we too focus on profit,but if we enjoy with small and passive result,we gonna happy a lot.

Bitcoinbro

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Quote from: alyssa85 on March 15, 2016, 02:56:14 PM

Quote from: deisik on March 15, 2016, 11:32:47 AM

Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

You are mistaking patience for knowledge. If you have knowledge and understanding, your patience (or lack thereof) is irrelevant...

Waiting for too long can be as disastrous

Actually those who are knowledgable are patient!

Most losses come from over-trading, thinking you need furious activity to make a profit. Actually you don't. Plan your entry and then wait for your entry price. There is no such thing as a disaster caused by waiting for a good price. There are an infinite set of opportunities. If you miss one, another will come along. Getting anxious, acting too soon, is usually when you buy at the wrong price, and frequently buy at the top, ensuring a big fat loss.

Just hold it and wait for a good time in the future. We all hope that it will rise in the future and that we can make some profit later.
So please wait a little longer and that we can make some profit in the future and that will be so good.

deisik

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Quote from: alyssa85 on March 15, 2016, 02:56:14 PM

Quote from: deisik on March 15, 2016, 11:32:47 AM

Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

You are mistaking patience for knowledge. If you have knowledge and understanding, your patience (or lack thereof) is irrelevant...

Waiting for too long can be as disastrous

Actually those who are knowledgable are patient!

They can be as impatient as anyone else overall, psychologically speaking. But this is truism (like what you say), while the lesson to take home (reverse logic applied) is that if you feel impatience or some other urge to trade, it is most certainly a writing on the wall that you don't know what's going on and are relying on pure luck...

Since otherwise you would be coldblooded and rational (and either trade or stay away from trading)

Oriannaa

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Quote from: Oscoda on March 15, 2016, 10:13:04 AM

I understand you. Because the price is not rising. So there is no reason the trade. And it takes a good investment.
And it is very hard to make profit so I know your problem. But maybe you can try it later again when the value is higher. You never know what will happen.

The price is at a pause at the moment and struggling to rise, but eventually will.

Thats only because people are perceiving this whole halving situation in the next 2 months still which hasnt happened.

alyssa85

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Quote from: deisik on March 15, 2016, 11:32:47 AM

Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

You are mistaking patience for knowledge. If you have knowledge and understanding, your patience (or lack thereof) is irrelevant...

Waiting for too long can be as disastrous

Actually those who are knowledgable are patient!

Most losses come from over-trading, thinking you need furious activity to make a profit. Actually you don't. Plan your entry and then wait for your entry price. There is no such thing as a disaster caused by waiting for a good price. There are an infinite set of opportunities. If you miss one, another will come along. Getting anxious, acting too soon, is usually when you buy at the wrong price, and frequently buy at the top, ensuring a big fat loss.

deisik

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Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

You are mistaking patience for knowledge. If you have knowledge and understanding, your patience (or lack thereof) is irrelevant...

Waiting for too long can be as disastrous

BitMaxz

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If you are not so do research about how trading works and what is the best to trade you will not succeed in trading..
Its very hard to decide if what is the best to trade.. but if you use your bitcoin instead of altcoin you use to trade its better to use BTC to usd and usd to btc im sure you can make profit with this way.
Now you are quiting in trading better to invest hold you bitcoin and wait for the price increase after halving so that you can make more money after halving..

candy27

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You need volatility for trading and there isn't much volatility at the moment - BTC seems to move up and down by only about 1-2%. This is good for BTC as a currency - it's stable. But not so good for traders. perhaps try your luck doing alt trading?

Oscoda

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I understand you. Because the price is not rising. So there is no reason the trade. And it takes a good investment.
And it is very hard to make profit so I know your problem. But maybe you can try it later again when the value is higher. You never know what will happen.

Piltover

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Quote from: enhu on March 15, 2016, 04:43:30 AM

Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

This is because there is no indicators that can forecast where the prices are going unlike trading in FOREX where everything is laid and that traders can speculate base on price action, indications and fundamental analysis where news can affect the market. sadly these are not on cryptocurrencies.

Maybe people should not to stop trading. Because the value will be higher in the future so that is good for trading.
And of course we dont know that. But to make money you must also take risks.....

enhu

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Quote from: alyssa85 on March 14, 2016, 09:29:53 PM

Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

This is because there is no indicators that can forecast where the prices are going unlike trading in FOREX where everything is laid and that traders can speculate base on price action, indications and fundamental analysis where news can affect the market. sadly these are not on cryptocurrencies.

Altcoinsupporter

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We all understand you. But please dont be mad. You must know that the value will rise in the future and that will be good.
But you never know of course what will happen with the value, but lets hope for the best thing.

alyssa85

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Part of the art of trading is knowing when to sit on your hands and do nothing but wait till you get your entry point. Most mistakes are made when traders feel they must be doing something, must be in the action, and they trade even when the entry point is not ideal. Learn patience people!

el kaka22

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Quote from: starbook on March 13, 2016, 01:49:15 PM

I believe the best result he will get will be with the halving moment,being before or after it the price should became bigger soo this would be what i would do with those 40btc he has.

I too would suggest the same as OP has already lost 7 BTC and that too the month he posted this thread was Sept 2015 when the price was in the 250-350 range. He can even sell the bitcoins now as he can easily earn $6000+ profit if he does it which is 5 times more than his 7 BTC loss.

Kalder

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Quote from: HarryKPeters on March 14, 2016, 06:25:09 AM

Why you should to that. That will be not smart. I hope for you that you will trade and that you can earn some money with it.
Because Bitcoin is becoming now these days more popular and that is very good. And we all hope of course that the value will also rise.

Bitcoin is going no where at the moment due to the dead lock of the block chain size. It is not suitable for transaction in the near future.

HarryKPeters

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Why you should to that. That will be not smart. I hope for you that you will trade and that you can earn some money with it.
Because Bitcoin is becoming now these days more popular and that is very good. And we all hope of course that the value will also rise.

jerowacik

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Quote from: secone on March 13, 2016, 10:51:46 PM

Quote from: n0ne on March 13, 2016, 01:25:46 PM

Quitting trade is not a good option. To get a place in trusted network of trading Bitcoin needs a lot knowledge and experience. The present situation of bitcoin will give good profit on trading.

sometimes is a good option, im stoping my trade in december 2015, then i trying to focus at my real work, and now im trying to trade again as my sidejob.

sometimes we need other option to earn money not only from trading.

yes sometimes problems arise from our main work, while we need more money from trading. I should be able to split time as well. because I have two pieces of work. in the real world and in the world bitcoin.

secone

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Quote from: n0ne on March 13, 2016, 01:25:46 PM

Quitting trade is not a good option. To get a place in trusted network of trading Bitcoin needs a lot knowledge and experience. The present situation of bitcoin will give good profit on trading.

sometimes is a good option, im stoping my trade in december 2015, then i trying to focus at my real work, and now im trying to trade again as my sidejob.

sometimes we need other option to earn money not only from trading.

starbook

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I believe the best result he will get will be with the halving moment,being before or after it the price should became bigger soo this would be what i would do with those 40btc he has.

Topic: I quit trading - page 118. (Read 242526 times)