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Topic: I quit trading - page 16. (Read 242485 times)

hero member
Activity: 1120
Merit: 507
December 28, 2017, 06:31:24 AM
Quitting being a trader is alright as long as you're invested in some coins long term. You don't necessarily need to be active in order to earn for the future.
There are two possible aspects of this thing. One quitting the trade for the lifetime. That is not a good option as doing this will never help you to recover what all you lost. However, if you are quitting day trading for some period, then there is nothing harm in it. You can take a little break to freshen up yourself. After some time, you can restart doing trading for having better results.
full member
Activity: 406
Merit: 110
December 27, 2017, 10:46:29 AM
I think you are a trader & you have lots of experience in crypto trading. becouse you explain that your trading experience is 2 years. so why you stop trading??? if you continue this I hope that you gets a good result. don't leave in trading,just patient
We cannot blame him, let him do what he wants in his life for now, as we all know that we are what we think so if he was thinking to stop trading because it is not his passion then let him until he will finally analyze that trading was really a good profit and can change our life and our family.
full member
Activity: 552
Merit: 102
December 27, 2017, 10:32:17 AM
I think you are a trader & you have lots of experience in crypto trading. becouse you explain that your trading experience is 2 years. so why you stop trading??? if you continue this I hope that you gets a good result. don't leave in trading,just patient
member
Activity: 126
Merit: 10
December 27, 2017, 09:52:08 AM
Some people might indeed look to get back where they left, but if you don't realize what you're doing wrong, then there is no end to the losses that you will be making.
hero member
Activity: 812
Merit: 500
December 27, 2017, 09:49:47 AM
What a fantastic amount. Why you don't being charitable with build a school or make a healthy program for babies. You can do many things from the amount.

Yes, 47btc or 40btc now it is a big amount, but when this thread come in that time bitcoin has no super value, in that time i also have 15btc to 10btc and by mistaken i have sold them. Bitcoin is going to expensive in 2017, and now in 2017 people have hold their bitcoins.
member
Activity: 378
Merit: 17
December 27, 2017, 09:36:45 AM
You have got many options. With a small portion of your fund you can do Forex trading or you can buy several altcoins. If you don't want to do anything, just hold for a year, who knows bitcoin price will be doubled in this period.
full member
Activity: 222
Merit: 250
Bitcoin ATOM FORK 1 BTC = 1 BCA
December 27, 2017, 09:36:09 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.

two years after the 2015?  Huh  Huh Wow how the value on this year 2017,  Shocked Shocked the might of for him post an this until now up hundreds %, is still haved 7 BTC right now? if I were getting it I will charity the first I do. for the future, I will keep for children and grandchildren I for inheritance .. hahahahaha, or U will donate to me Sir? what it feels you have bitcoin as much as it now (2017)?
jr. member
Activity: 168
Merit: 3
December 27, 2017, 09:32:46 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.
Why stop, in trading that we should have not only knowledge but also have to be patient and get rid of emotions.     
full member
Activity: 448
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
December 27, 2017, 09:16:31 AM
Trading seems too risky to me. I prefer hodl
Trading is risky only when you don’t have sufficient market knowledge and also you lack of knowledge regarding different coins. Traders not only know about the coins they are dealing with but also are aware of the other potential coins in the market. Moreover you need to know how to read graphs and predict values of coins according to it. Otherwise you are not going to make good money in trading.

It seems difficult  for them to learn these things, especially if they are just a normal people who doesn't have any prior knowledge about markets or how the system  works, trading might be only just for those people who was really into these kind of things or has a technical analytical skills.
legendary
Activity: 2100
Merit: 1058
December 27, 2017, 06:32:46 AM
Trading seems too risky to me. I prefer hodl
Trading is risky only when you don’t have sufficient market knowledge and also you lack of knowledge regarding different coins. Traders not only know about the coins they are dealing with but also are aware of the other potential coins in the market. Moreover you need to know how to read graphs and predict values of coins according to it. Otherwise you are not going to make good money in trading.
member
Activity: 140
Merit: 10
December 27, 2017, 06:06:10 AM
Well trading needs more guts, patience, knowledge and a little luck. If you don't posses that attitude then I think trading is not for you. Trading will either make you a millionaire or a broke.

It is also possible to make a relatively steady income from trading, but key is discipline.
jr. member
Activity: 92
Merit: 2
December 27, 2017, 05:28:53 AM
Well trading needs more guts, patience, knowledge and a little luck. If you don't posses that attitude then I think trading is not for you. Trading will either make you a millionaire or a broke.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
December 27, 2017, 05:25:54 AM
Trading seems too risky to me. I prefer hodl
I also prefer to hodl my coins than trading it. I could say that holding is safer than trading; though holding is long term while trading is just short term especially when you have different strategies. Well we could earn high profit in holding, just be patient.
You know yourself very well, if you are not good in day trading then you should focus on long term investment.
Holding bitcoin is very profitable, just check on the trend and you will be convince that for 1 year it has bring great return to long term investors already, I know this will not consistently happen from year to year but let's make our hopes high and continue to believe as there is a time that bitcoin will reach our target.
hero member
Activity: 998
Merit: 504
December 27, 2017, 05:19:24 AM
Rules and patterns are not always going to turn up as we might have planned them. Managing losses is an easy thing to say, but very very difficult to follow as we are only human. Therefore, trading might not be for everyone, but long-term investing can be.

You are correct - long term investing with god quality altcoins is really almost good to all but day trade can be very stressful and it is not really advisable and won't work to all.
Swing trading on the other hand is something that is more relaxed and could up your investment profits. I wouldn't use my whole portfolio for that though.
Trading is quite a different thing and it is not an easy thing to get into trading. There comes number of occasions when you suffer loss not only particularly in trading but in any other business as well. If you are not well in trading, then it is better not to do trading. Instead, you should take a break and then start again with new motivation. This will help you in having better results.
sr. member
Activity: 1386
Merit: 255
December 26, 2017, 07:56:33 PM
Trading has a season.  You cannot just trade anytime,  any day,  any month and hold and expect profit. Make sure you dont trade and hold in a bearish period.  Look what happened to your 47btc became 40btc. Swing trade is the only possible way to survive with the bear.

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.
full member
Activity: 420
Merit: 102
December 26, 2017, 07:44:27 PM
Trading seems too risky to me. I prefer hodl
I also prefer to hodl my coins than trading it. I could say that holding is safer than trading; though holding is long term while trading is just short term especially when you have different strategies. Well we could earn high profit in holding, just be patient.
member
Activity: 182
Merit: 10
December 26, 2017, 06:12:13 PM
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.
Knowing that you are having a big amount of bitcoin after trading for sure is an awesome experience. Since you were about to quit trading then I would say nothing about your decision because based on you post, it seems that you already achieved your goals of having enough money. It's fun knowing that your problem for now is what will you do with your money and I would advise you to reward yourself by doing the things you want to do or do some business to make living for the preparation in the future.
jr. member
Activity: 36
Merit: 12
December 26, 2017, 03:49:14 AM

Definitely, you cannot make a good decision if you are weak because the emotion inside will make you foolish.
Whales are smart people, they love to move the market to cause panic, and if you are one of the weak hands, in the end you'll regret because the price will back up and you miss the opportunity to sell for a profit.

I support what you said. But there is a problem of when whales will try to make a move. The market is still small enough to see the market depths but it is difficult to predict when price will change it's course.
hero member
Activity: 2814
Merit: 576
December 26, 2017, 03:32:32 AM
What a fantastic amount. Why you don't being charitable with build a school or make a healthy program for babies. You can do many things from the amount.
If only we know the outcome of our trading venture, we have already made a good decision, that is why we are trading because we want to grow our money and we need to be good in predicting the price movement in order to be profit, but in the case of OP, he admitted that he lose which means trading is not for him so he quit. Donating money is good but only up to a certain amount and only if we have achieve our goal of financial success.

Trading cryptocurrencies are really for the people who are tough emotionally and are more patient enough than anybody else. When you are emotionally weak, you tend to sell even at a negative gain because you are too afraid that the price will continue to go down.
Definitely, you cannot make a good decision if you are weak because the emotion inside will make you foolish.
Whales are smart people, they love to move the market to cause panic, and if you are one of the weak hands, in the end you'll regret because the price will back up and you miss the opportunity to sell for a profit.
sr. member
Activity: 756
Merit: 294
December 25, 2017, 07:04:48 PM
What a fantastic amount. Why you don't being charitable with build a school or make a healthy program for babies. You can do many things from the amount.
If only we know the outcome of our trading venture, we have already made a good decision, that is why we are trading because we want to grow our money and we need to be good in predicting the price movement in order to be profit, but in the case of OP, he admitted that he lose which means trading is not for him so he quit. Donating money is good but only up to a certain amount and only if we have achieve our goal of financial success.

Trading cryptocurrencies are really for the people who are tough emotionally and are more patient enough than anybody else. When you are emotionally weak, you tend to sell even at a negative gain because you are too afraid that the price will continue to go down.
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