Topic: Know When to Stop. Lesson for Everyone, Particularly Investors - page 4. (Read 1076 times)

It's not about knowing when to stop alone, we also have to know the exact and safe period which we should buy and hodl, being a bitcoiner and a trader, we just don't assume doing things anyhow without having targets or good intentions that can increase the performances of our investment, overtrading will only make us weak and vulnerable the more because we are doing the same thing repeatedly over time again.

When it comes to trading profit, over-trading won't make you rich in one night. Set a target for every session. If you reach your trading target for today, you should take a break and end the session to take your profit. Most people make this mistake as well. They continue trading.

It's essential to understand when to stop and when to take profit while you are in a good position. Exiting the market at the right time is most important. I had the opportunity to exit the market with a $2K profit when BTC touched its ATH. I had several alt coins at that moment and some BTC as well. But I did not understand the market will turn around and it will never go up for a long time. I ended up losing almost $4K at some point. I needed some urgent cash and I ended up selling them at a loss.

When it comes to trading profit, over-trading won't make you rich in one night. Set a target for every session. If you reach your trading target for today, you should take a break and end the session to take your profit. Most people make this mistake as well. They continue trading.

We can assess the results of our trade and think if we still need to continue or not. Everything we do is in our hands and our decisions. Lack of Knowledge is usually the reason why people/investors suffer losses. That is why before we enter into crypto investment, we must take a prior to learning before investing, or else, we are also one of those people who lose their money in just the blink of an eye.

That is how important to know what we have been doing and of course, we also know our capabilities because we can't compare ourselves to others. If they succeed in investing in Bitcoin, might be possible that we can't.

Buying for investment or buying for trading is different. The first one will be more calm and the latter one will be more emotional.

If you are an investor and applying Dollar Cost Averaging, dips are great chances for you to accumulate bitcoin and surely good for DCA. This is not applied for altcoins because altcoins are shitcoins. They can be minted during a dead spiral like Terra $LUNA and must note, many altcoin tokens have a Mint function to do the same thing did by Do Kwon in May 2022.

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There are really indeed moments or times on which you would really be knowing on when to stop or having a break rather than on making yourself that trying to force up on dealing with trading
even if you do see that things becomes worst yet the market did really make out those too severe unpredictable movements on which you havent been anticipated that it could
really be able to happen on such extent but well there are indeed moments such as this.

Emotions can ruin everything.

Imagine you are already up x3, but you are thinking that there might be a chance that it might go even higher, and in the end, it went the opposite way. Another one is, imagine if you want to invest into a particular project that's considered established already, but because you are afraid to lose money, you ended up losing that opportunity.

Learning how to be emotionless in investing, and in trading is very hard especially in trading. It took me a long time to be emotionless in investing, and in trading, I ended up stopping it because my emotions is always getting me. I guess it's good that I successfully learned how to be emotionless in investing up to the point that I'm not making impulsive decisions that might make me lose my capital.

Being emotionless is achievable, but it will take some time to learn. You need to be disciplined enough first to learn it.

Buying for investment or buying for trading is different. The first one will be more calm and the latter one will be more emotional.

If you are an investor and applying Dollar Cost Averaging, dips are great chances for you to accumulate bitcoin and surely good for DCA. This is not applied for altcoins because altcoins are shitcoins. They can be minted during a dead spiral like Terra $LUNA and must note, many altcoin tokens have a Mint function to do the same thing did by Do Kwon in May 2022.

The cryptocurrency market is known for its swift movements, which can often lead to impulsive reactions. When you wake up to a sea of red in the market, the instinct might be to either rush in to buy or hastily sell. However, the best response often involves taking a step back. It's essential to learn to recognize warning signs that indicate you should pause and reflect before making decisions.

Investing in Bitcoin or cryptocurrency in general is more of a marathon than a sprint. You'll likely be part of this market for many years, and during that time, you'll witness significant fluctuations.

If you ever catch yourself hurrying to make a trade – Pause.

If you become irritable when someone interrupts you as you analyze your investments – Pause.

If you're consumed by doubts about whether buying or selling is the right move – Pause.

If emotions start to dominate your decision-making – Pause.


Your decisions should be made thoughtfully. You should have clear reasons for buying or selling a specific cryptocurrency and how it aligns with your overall strategy. Make choices based on your strategy's principles.

Whenever you feel rushed and find yourself making decisions without considering your strategy, step back and take a break. Return when you can approach your decisions in a deliberate manner.

Perhaps all you need is a short coffee break, or maybe you should step away for a day or even a week. Your portfolio will still be there when you return. Remember, you're not a day trader. You don't have to react to every minor market swing. Not a single day in the market should make you feel like you're racing against time.

One of the advantages of the Dual Investment Strategy, which I've discussed before, is that it doesn't demand constant attention. You can set up your portfolio, step back, and live your life, checking on your investments when it's convenient for you. Let your life schedule when you review your portfolio, rather than letting the market dictate your life. There's nothing in this strategy that necessitates an immediate reaction to market movements. Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.

Knowing when to stop is also like knowing yourself more. Greedy people often do not achieve success but failure and that is a lesson learned that we must know how to deal with our emotions and much more about controlling our greed. Well, for newbies it seems not easy to know about it but for experienced traders or investors, we probably know when to stop.

Emotions become the worst enemy in trading even investing as well, the reason why if we can’t control or stop it, it’s much better not to trade or invest. Otherwise, we will certainly lost our focus why we need to trade or invest in the first place, and won’t stick to the original plan or purpose since emotions run the show. If we know that’s already happening, take a break and just come back again when you know already how to control or lessen the involvement of emotions.

I think we all know the problem you describe here. The less concentrated or the more pressure behind the trade ("this must work now!!") the worse the result usually is.

As a small tip: A bot is never unfocused. It has helped me a lot to have my strategies executed by a bot, the only lack of concentration can happen here when setting up the bot, but this error is usually noticed very quickly - and is also very easily corrected.
I used an open source bot that just ran on my Raspberry Pi, but now there are plenty of free online hosted bots that work even better.

Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.

There's a good wisdom from how you describe things here, trading is more difficult as a single mistake can lead you to lose all your investment, unlike with investing as long as you are holding your asset the chance that it may pump back will allow you to recover and make money with your investment, though similar in both side, you need to have that knowledge to anticipate what value you are aiming to collect your profits.

That knowledge can lead you to make money from this venue of investment, and you need to keep learning from each trading or investing that you are involved with.