Know when to stop - page 2. | Bitcointalksearch.org

jeraldskie11

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

In other too be successful in trading we should know when to stop, stop when you have a big loss, stop when you are now making emotional decisions, stop when your losses have gotten to your head, stop when your confidence is low, don't ever try to get back at the market (revenge), don't trade as if you are gambling, stop when you don't have a clear insight of the market because there are countless opportunities in the market, don't blow your account trying to get back what you have loss.

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.
the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

Your advise is right, but it is easier said than done. If we are trading in real time and suffer a loss, it is tough to take a break since we really want to recover our losses, especially if we are new to trading. Most traders think that if they learn a strategy from a mentor, it would make them instantly profitable since their mentor is profitable, but this is not the case. Why can't we become profitable with the same strategy? It's because we have different market executions. So, after the mentorship, backtesting the strategy is essential in order to determine which structure is profitable.

Jegileman

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

In other too be successful in trading we should know when to stop, stop when you have a big loss, stop when you are now making emotional decisions, stop when your losses have gotten to your head, stop when your confidence is low, don't ever try to get back at the market (revenge), don't trade as if you are gambling, stop when you don't have a clear insight of the market because there are countless opportunities in the market, don't blow your account trying to get back what you have loss.

It is okay to have emotional feeling attached when you’re on a loss when trading, but that should have already being controlled by you before you start trading. Emotions can be positive or negative and you shouldn’t allow any of them to get into you too much without finding a way to control them. You can’t get back at the market immediately when you lose in the market and at the same time you won’t be too greedy to take only what you’ve set for that day as profit when you’ve achieved that, you’ll become greedy and could blow up the account again together with the profit you’ve made earlier before.

Quote

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.
the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

Just simply go for trades you are sure of and certain that you can win without any doubt about them. Although, this can only be achieved through vigorous and extensive learning about the market before you can ready a trade that will favour you.

Hamza2424

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I used to say in the trading world, compare it with the cricket game As far as you are on the pitch. You can win. Stop trying to loft wait for a perfect entry and score 6 in one hit. Saving the wicket is the most important part of the game and it is what OP is trying to say. Save the wicket as I said it will give you a chance to hit hard, and the wicket is your capital.

Going for the blind trade is not a wise action, stop and save yourselves. For the rest even I cant understand the bolded text by OP haha.

bitLeap

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Quote from: sheenshane on December 16, 2023, 10:58:30 AM

Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.

So when will you determine a not complicated market?
Taking a break and refraining from trading during challenging market conditions is an unethical strategic move. We should keep in mind that the market operates independently and might be there's a lot of reasons why it moves, which could be through FA and TA.

IMO, stop-loss is a very important tool in trading and to limit potential losses by automatically selling when it reaches a predetermined price level.
If you're a big-time trader and can afford an automated bot to execute stop-loss, it should be a good option, but if you're new in this trading field this isn't ideal for you.

Risk management is one of the things that a trader must master. No matter how professional or how great a trader I'm sure they will apply it. In addition to making us more comfortable in trading, this also makes the risk we will receive at least smaller than not applying at all.
When experiencing profits it will be the same thing, we must be able to commit to our profit plan at the beginning, do not become greedy, because usually that's where the destruction will start. Greed can destroy the profits that have been in sight, because the market is very flexible and therefore we must get used to sticking to our targets at the beginning.

Gladitorcomeback

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

In other too be successful in trading we should know when to stop, stop when you have a big loss.

I am thinking different. We should continue our trading if we have still enough fund for trade. profit and loss is part of investment but you have to be consistent and shouldn't loss your trust. If you read the success stories of rich man, They first experience loss but they doesn't give up. People who gives up in the 2011,2005,2017,2021 gives up in loss while consistent traders are in profit.

Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.
the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

Actually we have to adopt the strategy of whales. We should learn when they have intentions to buy and when to sell and then make our trade also. Whales are not investing for giving profit to us. They will sell when they get their required profit, as a result market start dump.

sheenshane

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.

So when will you determine a not complicated market?
Taking a break and refraining from trading during challenging market conditions is an unethical strategic move. We should keep in mind that the market operates independently and might be there's a lot of reasons why it moves, which could be through FA and TA.

IMO, stop-loss is a very important tool in trading and to limit potential losses by automatically selling when it reaches a predetermined price level.
If you're a big-time trader and can afford an automated bot to execute stop-loss, it should be a good option, but if you're new in this trading field this isn't ideal for you.

Barikui1

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Quote from: Churchillvv on December 16, 2023, 09:40:38 AM

Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

go for high quality trades.

Is there anything like high quality trades? I don't think so. its just a matter of confidence and methodology, If your trading and you find yourself losing you don't have to find a quality trade because all trades are trade there is non higher than the others

Brother all trades are not the same, their are more quality trades and their are less quality trades, quality trades comes with the least 1-3 reward ratio, and if you are good in price action trading strategy, it will be very clear where the next movement of the market is going, because your analysis will spot the next action of the market, while less quality trades comes 1-1 or 1-2 risk reward ratio, and you won't be too sure or convince of your analysis.

Generally, trading is like gambling.
[/qoute]
I totally disagree with you, trading is a craft that you must learn in other to be successful in it, once you have masters the craft, you will always be profitable, even though you will encountered some losses at some point, but you will still be profitable because you knows the craft, while gambling is a different ball game entirely, it's a game of luck, it's only newbie and less skill traders that sees trading as gambling, please be guided.

ZAINmalik75

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

In other too be successful in trading we should know when to stop, stop when you have a big loss,

I would say we should not stop even with big loss because sometimes we are seeing a good entry after a big loss and if we will have an emotion of sadness and if it will become dominant over us then we might hesitate to trade and might lose the opportunity to recover our loss.

Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

You are right, we can not make market to move in the direction where we want unless we have the resources to pump and dump the prices. All we can do is wait for the right moment and should not hesitate to take entry when our gut tells us about a good entry.
Always make strategies and never stick to them just because some other dude is making profit out of it while you are not and in good hopes you are still using it. Always do your own research.

Over-trading will always wipe your wallet and you will lose the upcoming opportunities that would have the potential to recover your all losses. Waiting for the right opportunity is the main thing we all should adopt as retail traders. Because in trading we have the opportunity to trade in thousands of trades.

Churchillvv

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

go for high quality trades.

Is there anything like high quality trades? I don't think so. its just a matter of confidence and methodology, If your trading and you find yourself losing you don't have to find a quality trade because all trades are trade there is non higher than the others it's about your risk management and your decision making. high quality trade is more like a term used by influencers to keep you motivated.

Generally, trading is like gambling your winning is what the determines your quality and it can be a lucky move at times since it's all about profiting anyone whose losing should take a break and re-strategize and find the faults in the failed trade then correct and make better trading. It's good to take a break but quiting is not an option in anyway, just keep pushing gradually and understand better that's the rule.

boyptc

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Quote from: Barikui1 on December 16, 2023, 07:36:18 AM

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.
the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

While other people think that trading should be continuous and never be stopped. They don't see the importance of having some stoppage and taking rest or intervals with your trades.

That's why for them it shouldn't be stopped but as you've said, it's important to know to stop. Like when you have no wins at all and you keep pushing but don't restrategize.

Flee the market for a while if the trades you've been doing don't even favor you.

Barikui1

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In other too be successful in trading we should know when to stop, stop when you have a big loss, stop when you are now making emotional decisions, stop when your losses have gotten to your head, stop when your confidence is low, don't ever try to get back at the market (revenge), don't trade as if you are gambling, stop when you don't have a clear insight of the market because there are countless opportunities in the market, don't blow your account trying to get back what you have loss.

Stop, restrategized and don't come back till your confidence is back, go for high quality trades.
Staying off the market, and not trading a more complicated market setup is a very important strategy.
the market is what it is, we as retail traders just have to react to what is playing out in other to be successful, not what we think.

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