I quit trading - page 84. | Bitcointalksearch.org

BitHodler

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Quote from: Trasamania on November 21, 2016, 04:34:44 AM

Quote from: zombie007 on November 09, 2016, 02:51:41 PM

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

That's basically a worthless assumption since there is no way to predict the outcome of your potential profits with gambling.

The only certain thing is that in the long run you have greater chances of losing with gambling. There have been plenty of people trying to find methods to win with playing dice for example.

Their "fantastic" method was working till they lost big time. It just shows that dice is a 100% luck based game. There aren't any methods granting you guaranteed profits.

Of course, whale gamblers with a massive stash can continue martingale for quite a long time, but even they will run out of coins since the amounts only get bigger and bigger. Even that isn't enough to guarantee you any profits.

deisik

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Quote from: X-ray on November 22, 2016, 09:14:13 AM

Quote from: Trasamania on November 21, 2016, 04:34:44 AM

Quote from: zombie007 on November 09, 2016, 02:51:41 PM

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

leaving trading is a wise decision if he don't have skill on it and if he keeping up will only end up broke.
winning 55% and lose 45% is indeed will drove you to win but only if you can manage to get that much winning percentage while in other side it's really hard and no one could earn consistently for a very long time or never losing

These percentages make sense only if you always lose and win the same amount of money in absolute terms. Other than that, they are mostly irrelevant and meaningless since you may lose on 99% of your trades and still come out profitable at the end of the day for the simple fact that just 1% of your profitable trades might earn you substantially more than you might lose with all your other profitless trades...

The devil is, as always, in the details

X-ray

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Quote from: Trasamania on November 21, 2016, 04:34:44 AM

Quote from: zombie007 on November 09, 2016, 02:51:41 PM

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

leaving trading is a wise decision if he don't have skill on it and if he keeping up will only end up broke.
winning 55% and lose 45% is indeed will drove you to win but only if you can manage to get that much winning percentage while in other side it's really hard and no one could earn consistently for a very long time or never losing

katrimans

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Quote from: zombie007 on November 09, 2016, 02:51:41 PM

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

Winning and loosing alternatively and frequently is the nature of gambling but trading has different methodology here : winning big amounts and loosing small amounts like professional traders do say "let your profits grow and cut your losses early".

When you are not trading as per the above methodology, it is better to quit trading before losing all your wealth. Quitting trading need not to be permanent. They can learn trading skills and come back again always.

Trasamania

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Quote from: zombie007 on November 09, 2016, 02:51:41 PM

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

zombie007

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Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

1Referee

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Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.

What good projects are you referring to? ICO's? Altcoins with fancy features? Investing in the bankroll of new casinos? If any of these, which is most likely the case, then none of them is good enough to put your hard worked cash in. If you do however proceed to put money in them, then it's more like a gamble rather than a well thought out investment plan.

Quote from: bittraffic on November 07, 2016, 03:52:54 AM

If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

If people quit trading due to constantly losing money, or just because they are tired of it as it is quite time consuming, then it's a decision to quit trading, and not to leave the entire Bitcoin scene. They can either keep holding their coins as a long term investment plan, or just offer their skills to the public as a service, or simply use Bitcoin as a currency tool. That's the benefit of Bitcoin, it's multifunctional tool.

Mzie

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why quit unless you have other businesses or investments to venture into

goldcoinminer

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Quote from: Murtiya on November 07, 2016, 08:40:14 AM

Quote from: Kotone on November 07, 2016, 06:42:49 AM

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.

There is not restriction in trading, you can be rich and poor as long as you have the capacity to trade. From what I know, our main purpose in trading is to make money so more like it's the opportunity for the poor to be rich if we do it right.

Murtiya

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Quote from: Kotone on November 07, 2016, 06:42:49 AM

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.

Kotone

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I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

Zadicar

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Quote from: bittraffic on November 07, 2016, 03:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

As OP mentioned hes been doing trading for almost 2 years now but still he didnt do well on this career thats why he intend to quit than to continue its lose of money even more if he intend to continue. Trading is really good though but for some people it doesnt always work . There are really things thats didnt worked for us.

Positid

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BULL RUN until 2030

Quote from: deisik on November 07, 2016, 03:26:27 AM

Quote from: 8Habits on November 07, 2016, 03:10:20 AM

Quote from: mirakal on November 07, 2016, 02:48:10 AM

Quote from: 8Habits on November 07, 2016, 02:14:35 AM

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

That is already irrelevant to the topic, arbitrage betting in sports does not pose any risk on winning as long as you can fine a good line to do your arbitrage betting. We are not talking here of the possibility of getting hack.

bittraffic

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I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

8Habits

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Quote from: deisik on November 07, 2016, 03:26:27 AM

Quote from: 8Habits on November 07, 2016, 03:10:20 AM

Quote from: mirakal on November 07, 2016, 02:48:10 AM

Quote from: 8Habits on November 07, 2016, 02:14:35 AM

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

Thanks, that was really my point that there will always be a risk. although in this case the risk is minimal when in terms of winning or losing the game but the bigger risk is your money being stolen away from you. Hence, there is really risk free investment and gambling around - we just need to keep playing safe.

deisik

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Quote from: 8Habits on November 07, 2016, 03:10:20 AM

Quote from: mirakal on November 07, 2016, 02:48:10 AM

Quote from: 8Habits on November 07, 2016, 02:14:35 AM

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

8Habits

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Quote from: mirakal on November 07, 2016, 02:48:10 AM

Quote from: 8Habits on November 07, 2016, 02:14:35 AM

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

mirakal

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Quote from: 8Habits on November 07, 2016, 02:14:35 AM

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: Yuuto on November 07, 2016, 02:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

Yuuto

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I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

Topic: I quit trading - page 84. (Read 242500 times)