Topic: I quit trading - page 38. (Read 242498 times)

I think you should continue to invest for a long term and just think as if you do not have investment and let us see what will happen to your investments after 5 years or more. You can withdraw some of it and use it for your financial needs. It is up to you what will you do with your money because If i were you would continue to invest and maybe i will put a business to have atleast continuous earning out of that money.

I could not agree with you more mate. learning the theory of trading is somehow easy and can be learned by anyone. However, even the most learned individual can not make it well on trading because of his/her emotions. Hence, when we couple our knowledge and skills with good experience, we can do well with our chosen cryptocurrency trading carrer.

Its good to read before stepping in the real trading but its much better to experience the basic. I believe that experience will have a better thing along the way of learning instead of bringing only the knowledge in trading.

If you are not doing well in the world of business, then it is a good idea to quit trading for a while. You can have rest if you actually need a break. If you are fed up with trading, then holding is another good option. You can also go for holding your Bitcoins. I think you need to start again after a short break.

Why not? as far as I know altcoin is the best alternative for us to earn more, especially nowadays most ico token are now undergo in legal ways. Though there are still some of them are scam or shitcoins. Because in my experienced most of my profit was came from atlcoin trading and some of it was in signature campaign.

Trade is always at risk, in some cases great. Before you start trading, you must have at least basic knowledge. I recommend that you read a lot when trading with cryptos.

I am not much of a day trader but more of an investor. I see a difference. If my current investments don't work out for me then I will find another way to reach my goals. If I fail I hope others will learn from my mistakes. If i succeed I wish to show people that things can be possible even if against odds. My intent for the video was to let people follow my path as I explore this highly technical world as a none technical person. I honestly expected that people on this thread would have more faith in this whole thing.

That is correct, after you bought bitcoin or any other altcoin in that matter, you are not still losing when the price is going down unless you sell them. But when you just keep on holding it or better yet, make a sell order targeting a certain amount of gain and forget about it, you have more chances of profiting this way than constantly checking the chart and your emotion sets in.

who can't join crypto world. first weak hand second who want gambing, third who has heart attack

Trading is quite similar to gambling in some form of way, as you need to predict how will the price of bitcoin goes once you decided to purchase it at a certain price. Obviously in trading, you won't lose your money as fast as gambling as you can choose to hold your bitcoin in your account until the price rise to the amount which you feel comfortable to sell it away.

It is good with the decisions you are making. However you should find ways to learn how you can manage yourself to make good decisions. The best way to do that is to find resources most especially on youtube.

Learn from some of the things they have to say and learn from the ways they trade to help you always make good decisions. Moreover, if you are going to be using youtube, check comments first before doing so cause some videos can be trashy.

With learning, you have your nerves more calm and won't end up making the same mistakes you have made in the past.

Imagine if anyone can be an formula one driver. HEY LET'S ALL BE F1 RACERS! So we go into our new career as a professional F1 driver. Sure, all of you know how to drive a vehicle, but there are only a few people that have the mechanical aptitude to LEARN. We've all at one point entered this profession blindly, but some will highly excel at it because they most likely highly excel at everything they do in life.

I hate to break the news, but 95% of people will fail as a trader. Trading is not about intelligence.

Imagine starting a new sales job where you know nothing. The commission you make is ultimately up to how hard you work. The learning curve for any new job can be steep. Especially for trading. People who get into trading with no knowledge will lose their principle (initial investment) to experienced traders. For every winner, there's a loser. The allure of making a quick buck is one of the reasons that fuels the crypto market. It sounds easy, buy low, sell high. One million times easier said than done.

This is not a Best Buy type job where anyone can do it with a little training. No sir, this is a job that takes incredible grit, constant growth and learning, and MASSIVE EMOTIONAL DISCIPLINE to be successful.

I will guarantee 100% if you randomly pick when to buy and sell with no knowledge of what you're doing, the market will have this special way of humbling you very fast because experience traders will take every penny you put into the market. It's also like any job where your compensation is directly proportional to your performance. For trading, it's no different. The work you put in with how much you're willing to learn about the market will directly reflect how profitable you can be.

You have to have a tinkering type personality to fix, refine, and critically think. Those that ask constantly "when should i buy. what should i buy," are all sheep and will never be as fluent or successful with crypto as someone who's willing to put in the time and hard work to learn.

Check out my basic guide if you're new. Maybe it can help you. Don't ever stop learning. Keep an open mind.

https://bitcointalk.org/index.php?topic=2223191.new#new

Trading is profitable if you are good, you risk money and you are gambling with your prediction.
Investing is more profitable IMO because even if you are not good enough you can still hold it for long term and if the trend continues you'll be profitable in the end. Let's evaluate first our capacity and if we pass all the requirements of a being a trader and we love what we are doing then let's go take that venture.

Trading is though risky but profitable at the same time. I like trading but not entering this field because I think I don’t have skills of an ideal trader. Trading requires vigilance, courage and a lot of knowledge about coins and their market trends.

There is no need to trade with large amounts until and unless you don’t have big amounts in your banks and you can bear losses easily.

What you are saying on here is totally opposite on the things you do expect to happen.Instead of earning money you would able to lose it for sure.Gambling is the riskiest thing and saying you are good on gambling wont even guarantee you to make money anytime.If you tried out to read up OP you would able to say that earning on those bounty campaigns would really be not sufficient.We are talking about 40+ btc on here.

It is ok to quit trading because there is still a lot of ways on how you can earn coins, Like joining bounty campaigns or getting a translations or if you were good in gambling then play on betting site. Just look for what type of variation that will suit your self.

Trading isn't suitable with someone who doesn't have brave and skills. By the way you have to learn how to get valuable informations that can raise your balance. Most people lost in trading cause they're panic, don't follow the rules and doesn't have a good source of informations. If you have enough these features above, keep trading you will have profits for sure.

Yes, think of the lost money as an investment, an investment on experience of trading.

Trading requires a lot of patience, and if you're ready to wait even weeks after being a bag-holder, you can profit easily. But trading in losses in hurriedly manner can make things only worse.

That depends because not all altcoins go back and rise again in the other hand if you are not a researcher or just invest in any altcoins in the market it is most likely what to happen to lose big amounts of money.

Quitting is not the solution after we lose our money on Trading, starting all over again and again is the key to have a better result. It is just normal to lose profits sometimes, because it is impossible that we are going to gain all the time, there is no such thing like that. We have to be matured enough to accept this loses and try to do something to get back what you have lost.