I quit trading - page 89. | Bitcointalksearch.org

JeffBrad12

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Quote from: bamboylee on October 17, 2016, 05:36:33 AM

Quote from: richardsNY on October 17, 2016, 04:24:34 AM

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

If you mean those types, then they should rethink and consider another line of source of income because they are not fit to do trading. Trading could be harsh and brutal at times, and if you can't accept losses then find another work.

The lost are not just applied in the trading but all of the another job are having the opportunity get a lost too, but just different in the percentage get a lost and trading is there in the middle place.

bamboylee

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Quote from: richardsNY on October 17, 2016, 04:24:34 AM

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

If you mean those types, then they should rethink and consider another line of source of income because they are not fit to do trading. Trading could be harsh and brutal at times, and if you can't accept losses then find another work.

drwtsn32

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Quote from: Supercrypt on October 15, 2016, 01:36:23 AM

Quote from: mace15 on October 15, 2016, 01:02:06 AM

As ive read your post, your happy with the results of your
trading for the over all results. I guess you should have not
stop on trading. Since your btc may grow and you may
earn profit more.!

But trading requires lot of dedication as it is a completely unpredictable job. So, for many traders it is like climbing up Everest mountain daily. Yes, that much struggling involved with it. Even they are successful with their trading, many traders are opting to quit it for the sake of their peace of mind.

By your statement, you really looked like you treat trading as some sort of gambling because of the "peace of mind" thingy.
Trading must be some sort of investment, where you find a good coin to trade and with the lowest loss you could get.

robustnet

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Quote from: richardsNY on October 17, 2016, 04:24:34 AM

Quote from: bamboylee on October 17, 2016, 02:01:49 AM

Quote from: richardsNY on October 16, 2016, 06:43:52 PM

Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

Quote

Solid traders indeed move forward quickly when making a bad trade that costs them money,

Thats very good thought.

richardsNY

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Quote from: bamboylee on October 17, 2016, 02:01:49 AM

Quote from: richardsNY on October 16, 2016, 06:43:52 PM

Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

robustnet

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Quote from: mirakal on October 17, 2016, 03:36:07 AM

Quote from: bamboylee on October 17, 2016, 02:01:49 AM

Quote from: richardsNY on October 16, 2016, 06:43:52 PM

Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Not all the time, sometimes we need to choose our battle and if we feel we have no chance after all the effort we made we need to accept the reality that trading is not for everyone, and that's what OP is doing.

Very well said guys. I am just trying to start trading, reading your insights will be profitable in my new ventures.

mirakal

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Quote from: bamboylee on October 17, 2016, 02:01:49 AM

Quote from: richardsNY on October 16, 2016, 06:43:52 PM

Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Not all the time, sometimes we need to choose our battle and if we feel we have no chance after all the effort we made we need to accept the reality that trading is not for everyone, and that's what OP is doing.

bamboylee

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Activity: 1148

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Quote from: richardsNY on October 16, 2016, 06:43:52 PM

Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

TGD

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Quote from: 8Habits on October 17, 2016, 12:41:47 AM

Quote from: goldcoinminer on October 16, 2016, 11:26:38 PM

Quote from: bestluck on October 16, 2016, 07:30:44 PM

Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

XMR and ETH has really that volume now but I am quite disappointed with XMR because the price of it now is going way low - although I have keep some of my XMR and will just wait when the right time comes and sell them. I just let it offer for loan now in poloniex and no intention yet of selling it unless the price will spike again soon.

And I think the reason is they want to profit in btc , btc price increase and other sell thier xmr to earn profit and it will be back again to normal when more buyers come to trade it again actually its not the only one many altcoin decrease the price.

Harlot

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Quote from: Golftech on October 17, 2016, 12:52:59 AM

Quote from: goldcoinminer on October 16, 2016, 11:26:38 PM

Quote from: bestluck on October 16, 2016, 07:30:44 PM

Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

and that's a good sign for most traders waiting for btc to arise then buy more alt and wait again for btc to make some establish value then alt will start to move and its just a battle of making good entry and exit to earn big from this trade.

There is a reason on why'd he stopped trading. And that is he lost money which is about 7 BTC. That is a big amount of coins to lose in your trading career. Even if you suggest to him holding his altcoins it won't be enough to cover his losses from it. 2 years is enough time to be holding a coin in which he did not succeed on having aprofit with it good thing he did not lose all 47 btc.

Golftech

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Quote from: goldcoinminer on October 16, 2016, 11:26:38 PM

Quote from: bestluck on October 16, 2016, 07:30:44 PM

Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

and that's a good sign for most traders waiting for btc to arise then buy more alt and wait again for btc to make some establish value then alt will start to move and its just a battle of making good entry and exit to earn big from this trade.

8Habits

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Quote from: goldcoinminer on October 16, 2016, 11:26:38 PM

Quote from: bestluck on October 16, 2016, 07:30:44 PM

Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

XMR and ETH has really that volume now but I am quite disappointed with XMR because the price of it now is going way low - although I have keep some of my XMR and will just wait when the right time comes and sell them. I just let it offer for loan now in poloniex and no intention yet of selling it unless the price will spike again soon.

goldcoinminer

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Quote from: bestluck on October 16, 2016, 07:30:44 PM

Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

bestluck

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Quote from: Vikingr on October 15, 2016, 05:23:01 PM

Quote from: bitkng on October 15, 2016, 12:06:39 AM

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.

That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.

dinda22

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Quote from: Osarman on October 16, 2016, 05:31:54 PM

Quote from: outatime1 on October 11, 2016, 06:46:01 PM

Trading is not easy and I can see how people can lose money at it. If you are giving up on trading, you could try lending to make a little profit. Also, if you just hold what you have for a few years, you will probably make a lot of money anyway.

you are right that trading is not and i think that trading have need skill and luck then you can get a big profit from trading and is maximum people are very experienced in trading and they earning good amount profit from bitcoin trading or altcoin trading .

trade full with research, so it should be quite expert in analyzing and had a good strategy. without both of them it was difficult to make a profit. also a large capital is easy to make a profit. for me borrow not a good idea if you are still always lose on trading.

richardsNY

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Quote from: 1Referee on October 16, 2016, 05:31:20 PM

Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

Osarman

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Quote from: outatime1 on October 11, 2016, 06:46:01 PM

Trading is not easy and I can see how people can lose money at it. If you are giving up on trading, you could try lending to make a little profit. Also, if you just hold what you have for a few years, you will probably make a lot of money anyway.

you are right that trading is not and i think that trading have need skill and luck then you can get a big profit from trading and is maximum people are very experienced in trading and they earning good amount profit from bitcoin trading or altcoin trading .

1Referee

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Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

Important is that when you realize that trading isn't the right thing for you, that you should be making the decision to stop it and focus on other things. Some people continue with trading even though they are constantly losing money. These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

FLoving

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Quote from: Oilacris on October 12, 2016, 10:01:45 AM

Quote from: yakdivine on October 12, 2016, 09:38:43 AM

Quote from: Mayer Amschel on September 21, 2015, 07:21:35 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.

. If you have trade for the past 4 years and succeed than I think you should not quite trading

You are not reading man, he only trade for only 2 years and he found out and realized thats he still do experience negative profits on that timespan that why he decided to quit trading for good and thats also a good decision for him to make because with such action he would avoid to lose even more. 2 years is quite long enough on trading career, if you found out that it didnt work out then switch to other things.

after 2 years experience he found that he is unable to earn in trading then it is a good idea of him to stop trading as he is unable to be expert to earn on trading and he is losing his money continuously.

Trasamania

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Quote from: Shiroslullaby on October 16, 2016, 10:00:27 AM

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.

That is right. You need to spend some money or lose some money before you become a good trader.

Topic: I quit trading - page 89. (Read 242500 times)