Topic: Know When to Stop. Lesson for Everyone, Particularly Investors - page 3. (Read 1099 times)

Agree into that kind of picturing or elaborating on what daytrading is on which it is really that something that very stressful if you cant really be able to bare up with the risks on handling out price movements on active manner on which its true that you wont really be letting any positions to be left hanging or not being closed in the end of the day on which means that full engagement and effort would really be needing on this time on which it would really be just that so common  that you would really be that tough when it comes to emotional and psychological approach when it comes to things. Knowing on when to stop?
You would eventually be able to notice it out on your own because when stress do kicks in and on the time that you are committing lots of mistakes then you would really be normally be finding out
some moment or time to have some break.

You should really know on when to stop and have a break when everything do really looks mess up, and continue on the time that everything do really looks calm and good to go.
It is really a matter of self control and making out some decisions which would really be that something relevant and useful for your part and not really just forcing out things
to work even if it isnt really that something that would really be easy to be done and goes along on what you do have in mind.

Investing in a financial basically means trading for the long-term, so in true essence, it's just trading if you are buying and selling, no matter how quick or long the interval between the buy-sell is, and it's true that patience is a very important thing for a trader to stay in the market longer and stay profitable.

As I said earlier, it's all about patience, those who make decisions out of haste will have to face the consequences for sure, because in trading, even quick decisions must be taken after giving them a thought.

Observation and evaluations should be a part of every single trade a person makes in the cryptocurrency market if they don't want to waste their time and money.

Yep, not every single time the market goes up after a short while when it goes down a little bit, it might go even lower than that, and then your money will get stuck. So it's important to at least have a slight idea about how the market will move next.

Alright man! Just follow up the procedure and you will be good

If day trading is too tiring, then you can engage in medium-term or long-term trading, it will not require so much time from you and constant presence in front of the monitor, but in this case you will not know every day how much you have earned or lost, everything will shift by longer periods.

Medium-term trading seems more acceptable, and in this category I include transactions from several days to several weeks, anything beyond this will already be long-term transactions.

You can engage in day trading, but it seems to me that it is difficult to do it on a permanent basis, that is, after some time you need rest, otherwise nothing good will come of it.

For DCA, I often used it last year and also this year when I wanted to buy cryptocurrency assets, but if you say there is a product from Bitget with a dual investment concept and it can be almost similar to DCA, I will also try it in the next few days when I have the opportunity to do just that. Because I still use old exchanges like Binance when I want to buy DCA without thinking about any products or other supporting features for such things because I consider my goal to be very simple.

There is a big difference between a day trader and a normal investor. Day trading usually means that you close out all your positions at the end of the day, you don't want to take risk in your positions overnight. Basically, you are only trading when you are at your computer, and when you step away from it there shouldn't be much movement in your portfolio. This also means that you know exactly every day how much money you made or lost. This can be a lot of pressure and time consuming which made me stop day trading right after university. Handling the constant flow of information and changing prices can be hard to deal with and I ended up becoming high blood pressure during the whole day of trading. A normal investor is much long term orientated and is fine to keep his positions medium to long term. Everybody should decide for himself what kind of investing and trading he wants to do. It comes down to how much money and time we have at our hand to build and look after our portfolio. For anybody who has already a stressful fulltime job I would recommend a long term investment approach and for that the DCA method is great. There is no need to spend a lot of time on research and we can build a large portfolio over time.

Yeah, that was why I mentioned that Dual Investment Strategy. I have used it very often these both when I'm unstable and when market fluctuates badly. It's been good all along

Do what you can do at the time, and don't push it when you can't do it.
Everything must be in accordance with what you are capable of.

If the strategy you use if useful then continue to develop and make it a basic strategy that you master.

Trading is not about how to get big profits at that time, but consistent profits are better.
Review what has been done, so that you have an improvement on each trade made.

Exactly. I do this when I think I am overwhelmed at some point. Instead of forcing it, I just let it be. Hence the strategy I mentioned I do use.

It has really come in handy

It's not about stopping while trading but knowing our limit on when we should trade and not, if we have enough sensitivity in what we do, then there are times we sense the signal of putting a limit to the extent of how we trade in other to cut loss and make other arrangements for better strategies, but we often pay much attention to this kind of feelings till we do what we wish and see the least expectation come to happen.

That is true, giving a break and checking what went wrong would be one of the best things for anyone, people do not realize that they are making a mistake if they are not involved with their own trades after it's done, you can't just lose money and move to next trade.

Anyone who stops time to time, check their winners and losers, see what went right with the winners and what went wrong with their losers, and try to find a common pattern that would benefit them would end up being a good trader. If you are not doing that and acting like you should be considering the situation a little different, I think that would be a lot more wrong, people will end up losing way too much money with something like that if they are not careful.

So all in all, I would expect the situation to be a bit different and if we all did what you do, like turn back and see what went wrong, then we would all do a lot better while trading and make a greater profit than what we are doing right now.

Running towards success is a type of emotions which is actually find more in newbies so whenever you know that your emotions are more stronger then you should stop trading as emotions play negative role in your success. Also when you don't get any beneficial decision and cannot make a move of buying and selling then hold your coins and stop trading for short term as you will have control on your feelings in case of investment.

Use your extra amount of money then you will not be in too hurry to collect the sum but you will be calm and whenever market recovers again then it will be profitable for you. Make investment with little amount but make sure that you will not need this amount for your emergency purposes and also add little by little in your desired coin.

Risk management and Stop loss are the important thing, a trader should always learn according to me. If a trader doesn’t understand about this, then there is high chances that, he will make heavy losses while trading. Always calculate the risk and possibilities and then invest in the coin. While buying the coin, set a stop loss. When this amount exceeds or decreases, then automatically the trade will be released. In this manner the trader will be saved from making additional losses.

Trading or investing certainly has its own risks, to avoid these risks you need knowledge or learning related to these two things, it takes a long time to understand trading because there are many certain strategies and likewise investing is not easy to understand everything quickly.

These two things take a long time to understand everything related that is there with the learning and knowledge learned, it might reduce the risk of existing losses, for beginners of course need very serious learning and for the time problem maybe it will depend on the person, because learning trading or investing is not easy and even very difficult for some people, and it cannot be denied that there are those who experience failure in the middle of the process. Even in my opinion people who already understand trading can be wrong predictions, so the need for learning in these two things is very important because this can have an impact on the future, there is no need to rush, it's better slowly but surely. As you said, the purpose of trading is to make a profit, and therefore learning is the main key for us to be able to achieve it consistently.

I agree with you. That's why when I feel like I am too overwhelmed. I just take a break, use the strategy I'm more familiar with as I have stated in my post and still earn while I distract myself outside my chart

Ok, why I said this relates to DCA is because Dual Investment allows investors to buy crypto assets at a lower price or sell at a higher price. No matter how the price moves, you can always earn interest at the settlement time. Actually, this is one of the Bitget products I use most times when markets fluctuate to earn from it

Trading is a face-paced activity so I don't really see it as a problem if a trader rushes to trade. It only becomes a problem if the person rushes to trade with less knowledge on their head. All of us has our own target profits but if the one that we set are too high, maybe we need to learn on how to slow down because achieving it is not easy.

Trading is not a race though there might be a tournament about it same with gambling or so-called wagering races but I think that's a different story anymore. Rushing can causes us some problems but in trading, there are bots. It's perfect to use so that we don't need to rush anymore and just continue doing other things.

It's definitely a good idea to stop time to time but also not every time you are irritated that doesn't mean you should stop, that's not how job works. If you want to be a professional trader one day and just make money from it, then you can't just love every minute of it, there will be times when things go wrong and you need to learn how to reset and get back to being better. I know that it's a hard thing to do but it's just how it is and could be the only way to move forward.

I hope that it could get to a point where we could make some profit from it, and I know that it's going to take a while but that is what you can do with it one way or another. I know that it is going to take a while to be able to reset like that and not be mad, because not everyone wants the same thing, but I believe it should be very important for everyone to do it one way or another, they could get better at it eventually and do a great return without a doubt if they just put the time in and work to make it happen.

At first, I was like which one is op post centralized on. Is it investing or trading? But reading till end, I discovered that op is more referring to investment that trading. As an investor, you have less to worry about the market trend as long as you have a target set for your investments. There's no need for you to be checking your portfolio on a daily basis so you can save yourself from the market panic. But for traders, it's normal to respond to market trends but it is important to remain calm at first before making any hasty decision. Sometimes we regret such decisions when it wasn't in our favor and some time it will be the best decision and we'll be happy that we did.

I was a victim of Luna crash and I regret not taking that hasty decision when it was the best to do but I tried to calm myself down until daybreak and I discovered that everything has vanished. Some decisions will not be in line with your plan but they're the best thing to do. You just have to make sure that it is best for you even if you are to change the whole plan.

Even though I am not a pro trader or a regular trader, I have tried trading several times, and I guess most of them were lost trades. I had a minimal number of wins, and then lost them by trading them again. I think traders know where to close their position, yet some people lose, and others make money. That's how the market works.

It's essential to understand the candle pattern to enter the market. If someone already has a open position, sometimes they don't open another position when they see their previous position is losing. But, It's important to understand the chart and start another tread when you have open position.