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Topic: I quit trading - page 78. (Read 242500 times)

hero member
Activity: 588
Merit: 500
January 10, 2017, 01:19:05 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.

Well according to your story here you invested 47BTC and now you have 40BTC which means you loss 7BTC, now if you decided to quit here its not our loss but yours. But if I were you why don't you try to hold your coin until bitcoin increase the value at the right time.
yes i will also suggest you to hold bitcoin and not to sell it. because the price of bitcoin is going to increase again. the present down fall is just a market correction and hope that very soon the price of bitcoin will start increasing again.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
January 10, 2017, 06:44:19 AM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything

As much as I would love to agree with this (that gambling is nowhere close to investment by any metric), the policy of truth still requires me to object to your claim. Obviously, I don't mean dice casinos where you are basically exchanging your coins for the fun and pleasure of gambling as well as testing the level of your luck. That should be evident to any sane individual (as an aside, trading is not very different from gambling in this regard given that over 90% of so-called traders are losing in the long run). Here I refer to the games which also require skill along with luck. For example, one such game is poker where it is said that skill ultimately outplays luck...

I guess this kind of gambling may be worth investing in (i.e. investing in your skill and then reaping the fruits of your success)

Some years ago I would agree with deisik's opinion about poker, but today the poker tables have many bots. So as I see it the only kind of gambling where someone must have any experience except luck is playing in sporting gamble sites.

I don't play poker, I don't even know the precise rules of the game, I just heard that it still has a lot of human factor built in, and I certainly like the entourage. Besides, Bill Gates and Warren Buffett are said to be often playing poker between themselves, so that should mean something, shouldn't it? On the other hand though, the Go game was also previously thought as not very suitable for brute-forcing (unlike, for example, chess) since it has by far more alternatives to evaluate per move, but just a few days before New Year some Go bot, which is suspected to be further development of the AlphaGo program won over all players at Tygem, a Go server, and then switched to FoxGo, another Go server, where it had again crushed all competition (with only one game ending in a draw)...

So, how likely is something like that in poker?
hero member
Activity: 2128
Merit: 520
January 10, 2017, 02:18:18 AM
At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
Yes, we need to respect the decisions of some dejected traders like they are taking break from their continuous trading life. But quitting trading should not be permanent. They must find some time to enhance their trading skills and hopefully will come back into trading just to recover what they would have lost earlier.

It is just like quitting in gambling, he say that he will quit for awhile but afterwards he is going to gamble again. And that's the same thing with traders, they are going to quit for awhile and do trading again upon seeing that the price of bitcoin is getting higher and higher. Taking a break in trading is good but quitting trading totally is not going to be a good idea.
well for sure if trading again gather OP's interest and with the way bitcoin moves right now for sure he will think back and see if what is the potential or he will assess it if he will comeback or leave it all behind we can't really say if he's statement is concrete enough for him to completely move away from trading.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
January 10, 2017, 01:32:14 AM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything

As much as I would love to agree with this (that gambling is nowhere close to investment by any metric), the policy of truth still requires me to object to your claim. Obviously, I don't mean dice casinos where you are basically exchanging your coins for the fun and pleasure of gambling as well as testing the level of your luck. That should be evident to any sane individual (as an aside, trading is not very different from gambling in this regard given that over 90% of so-called traders are losing in the long run). Here I refer to the games which also require skill along with luck. For example, one such game is poker where it is said that skill ultimately outplays luck...

I guess this kind of gambling may be worth investing in (i.e. investing in your skill and then reaping the fruits of your success)

Some years ago I would agree with deisik's opinion about poker, but today the poker tables have many bots. So as I see it the only kind of gambling where someone must have any experience except luck is playing in sporting gamble sites.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
January 09, 2017, 12:29:29 PM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything

As much as I would love to agree with this (that gambling is nowhere close to investment by any metric), the policy of truth still requires me to object to your claim. Obviously, I don't mean dice casinos where you are basically exchanging your coins for the fun and pleasure of gambling as well as testing the level of your luck. That should be evident to any sane individual (as an aside, trading is not very different from gambling in this regard given that over 90% of so-called traders are losing in the long run). Here I refer to the games which also require skill along with luck. For example, one such game is poker where it is said that skill ultimately outplays luck...

I guess this kind of gambling may be worth investing in (i.e. investing in your skill and then reaping the fruits of your success)
hero member
Activity: 1022
Merit: 500
January 09, 2017, 09:30:00 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.

Well according to your story here you invested 47BTC and now you have 40BTC which means you loss 7BTC, now if you decided to quit here its not our loss but yours. But if I were you why don't you try to hold your coin until bitcoin increase the value at the right time.
hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
January 09, 2017, 02:49:01 AM
At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
Yes, we need to respect the decisions of some dejected traders like they are taking break from their continuous trading life. But quitting trading should not be permanent. They must find some time to enhance their trading skills and hopefully will come back into trading just to recover what they would have lost earlier.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
January 09, 2017, 02:35:03 AM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.

Absolutely agree with you sir, it doesn’t make any sense when someone repeats same mistakes again and again. It doesn’t matter if a person is doing a mistake and avoiding it every next time when he is trading because that is what he has paid for it. Expert is the one who has committed maximum unique mistakes and knows how to avoid them next time.
This is certainly what successful traders do. They do not throw away past experiences, even though such experiences are about losses. Instead, they stop to think, studying such events to try to find the cause of it and use that information to avoid future failures. I think that every trader that intends to earn living from it, should consider such aspects. From what I see, most traders lose at first, but experience is something that really makes a difference in the long run.
That's what makes you successful because you learn from your mistakes. If trading is really your passion, you have to believe that "winners never quit and quitters never win".

It's true that along the way you will fail but what matters is you have to rise every time you fall.

Even you fail there is hope in a long run and that's not the reason you are quiting in trading, not all the time you fall and fall, as days gone by there will be uprising you and soon you will have firm decisions and your skill will develop and this helps you a lot with the right investments. Trading actually is highl profitable when it comes to good decision making and also being equipt with such info will help you a better trader so there is no need to quit all you need is to keep your stand no matter what discouragements is.
sr. member
Activity: 1274
Merit: 252
January 08, 2017, 11:05:45 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.
I think it's better you buy gold as a form of investment, with the amount of money you have the better  investment and from what you experienced 2 years of trading like you're not suited for this
hero member
Activity: 2814
Merit: 576
January 08, 2017, 09:40:30 PM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.

Absolutely agree with you sir, it doesn’t make any sense when someone repeats same mistakes again and again. It doesn’t matter if a person is doing a mistake and avoiding it every next time when he is trading because that is what he has paid for it. Expert is the one who has committed maximum unique mistakes and knows how to avoid them next time.
This is certainly what successful traders do. They do not throw away past experiences, even though such experiences are about losses. Instead, they stop to think, studying such events to try to find the cause of it and use that information to avoid future failures. I think that every trader that intends to earn living from it, should consider such aspects. From what I see, most traders lose at first, but experience is something that really makes a difference in the long run.
That's what makes you successful because you learn from your mistakes. If trading is really your passion, you have to believe that "winners never quit and quitters never win".

It's true that along the way you will fail but what matters is you have to rise every time you fall.
hero member
Activity: 644
Merit: 501
January 08, 2017, 06:50:32 PM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.

Well said, we all used to think that gambling would be a way to make infinite amounts of money, rob the house off their entire bankroll, etc. etc. I've thought before when I was new to gambling that there was a secret strategy that would give me massive amounts of profit.

Obviously, that is not true at all. If you want to make money the last thing you should be is to gamble. Trading without knowledge is also a bad decision to make.
hero member
Activity: 560
Merit: 500
January 08, 2017, 06:29:33 PM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.

Absolutely agree with you sir, it doesn’t make any sense when someone repeats same mistakes again and again. It doesn’t matter if a person is doing a mistake and avoiding it every next time when he is trading because that is what he has paid for it. Expert is the one who has committed maximum unique mistakes and knows how to avoid them next time.
This is certainly what successful traders do. They do not throw away past experiences, even though such experiences are about losses. Instead, they stop to think, studying such events to try to find the cause of it and use that information to avoid future failures. I think that every trader that intends to earn living from it, should consider such aspects. From what I see, most traders lose at first, but experience is something that really makes a difference in the long run.
legendary
Activity: 1232
Merit: 1091
January 08, 2017, 05:54:57 PM
You need patience in trading and that is very important.
Yes, those traders who are not having patience while trading and also not having patience in developing required skills for trading, are deciding to quit trading after some point of losses in their trading experience.

At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
There is literally no specific skills required to be a trader ,just have a level head and trade high volumes coins and then you are good to go,follow the basic principles buying low and selling high and having patience is really good as you cannot be a overnight millionaire trading.

It always helps that certain coins have a decent amount of daily trade volumes, but the point with altcoins is that people just buy them in the hope they get pumped. It's just the hope that people hold on to. To a certain extent I think it equals gambling for a big part as there too people don't have anything other than luck to hope for. But then again, if you have enough coins where you safely can say that you're a whale, then you can move the market in your preferred direction. Or you need to be close to the developers behind the given coins where you make use of insider information.
sr. member
Activity: 574
Merit: 252
January 08, 2017, 05:42:35 PM
You need patience in trading and that is very important.
Yes, those traders who are not having patience while trading and also not having patience in developing required skills for trading, are deciding to quit trading after some point of losses in their trading experience.

At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
There is literally no specific skills required to be a trader ,just have a level head and trade high volumes coins and then you are good to go,follow the basic principles buying low and selling high and having patience is really good as you cannot be a overnight millionaire trading.
hero member
Activity: 1022
Merit: 511
January 08, 2017, 04:15:53 PM
You need patience in trading and that is very important.
Yes, those traders who are not having patience while trading and also not having patience in developing required skills for trading, are deciding to quit trading after some point of losses in their trading experience.

At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
hero member
Activity: 1190
Merit: 534
January 08, 2017, 12:24:57 PM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.

Absolutely agree with you sir, it doesn’t make any sense when someone repeats same mistakes again and again. It doesn’t matter if a person is doing a mistake and avoiding it every next time when he is trading because that is what he has paid for it. Expert is the one who has committed maximum unique mistakes and knows how to avoid them next time.
legendary
Activity: 2170
Merit: 1427
January 08, 2017, 09:51:41 AM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).

Gambling should in no shape or form be seen as something that is close to whatever investment or doing trading. Especially when you look at the most popular gambling games. It's pure luck that people depend on. I often hear people saying that they found a dice method to constantly win, but that's simply impossible. It may work out for them at start as the luck is with them, but at some point their luck runs out, and thus that method will be worthless. It's of course always a great thing to learn from mistakes in trading that resulted in you losing money, but the point is that you actually learn from what you did wrong. In many cases people constantly make the same mistakes, and end up losing money. It doesn't always work for people as some of them don't learn anything.
hero member
Activity: 1190
Merit: 534
January 08, 2017, 07:49:25 AM
You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

I agree that we get good returns in trading as compared to that of gambling. One should not think the loss of trading as actual loss because he gets some experience with that loss and probably next time he can avoid the same mistake. I see the loss of trading as fees to learn trading (and loss in gambling as fees to learn to gamble.. lolz No). When you can earn good returns with calculated risks (in gambling, it is not possible).
sr. member
Activity: 508
Merit: 254
January 08, 2017, 04:52:48 AM
 You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
January 08, 2017, 02:06:56 AM
we do not always earn a success in an action. just like trading, we will not always get the best results.
Sometimes we benefit and sometimes we lose. for me trading is a fun job and make a lot of money.
but i think it does not mean to quit our business, we should change our trading strategy.
The topic is all about the experience of OP that trading is not profitable to him anymore for years of trading, I believe every smart trader would do that, why would you force yourself to something that is not giving your good return. It's just right to quit and focus on other ways of making money, you can invest with bitcoin and hold it for long term, I guess that's easier compared to doing day trading.
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