Leave crypto trading in lost condition is not an option.

kikukk

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Quote from: Shasha80 on October 10, 2020, 05:24:01 AM

If we trade and the coins we buy go down in price, of course if we sell, we will experience losses. But as long as we don't sell our coins
whose price has dropped, then we haven't suffered any losses. So it's a good choice when the coin price drops, don't sell the coins. But
keep holding until the price goes up again. It is a choice to make, but we must have patience. Because no one knows when the price of
these coins can go up again.

In all real crypto trading does have risks but besides that all we have to be smart in reading the market if we are going to start buying coins must investigate rumors or information first after that we take the decision to trade and buy a coin

Hamphser

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Quote from: goldade on October 13, 2020, 04:06:20 PM

Quote from: nicolas1979 on March 06, 2020, 09:18:58 PM

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.

I think some of the reasons people lose continually in crypto trading is because
1. They do not have the required skills and knowledge. Trading isn't something that should be dabbled into else you'll make losses. Once one takes time to learn, one will definitely make profits
2. They are bent on using a particular strategy. In crypto trading, there is no perfect strategy for making profits. If one realizes that a particular strategy is resulting in losses over time, then it means it should be changed to a better one.
Although I understand many have the mentality of 'not quitting', sometimes it is better to take a step back to bounce back better

3. Directly trade and just expecting that they will able to make the same profit been made by others.
4. Pure greed and doesnt want to go with the basics.
5. Want simple ways on making money

These are common reasons and specially noobs do really had this kind of insight.

barbara44

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Quote from: el kaka22 on October 10, 2020, 05:05:47 AM

I believe it is an option if you are a short term daily trader but it is definitely not an option if you are a long term trader. Long term traders should not look at bitcoin prices, you are going to end up with not so much profits if you keep buying and selling all the time, that will make you a short term trader, the reason why long term traders do not really look at the price or at least that is why they should not look at is the fact that short term movements do not matter to long term goals.

Bitcoin price has moved to a lot of lows and a lot of highs recently right? Since march we have seen it move down and up once again, and last year as well in 2019 it moved up and down a lot. If bought at 1st January of 2019 you would have made over 3x profit right now, that is why long term is great and you should not sell.

Yeah, this is kind of a difference between whether you are a investor or trader because an investor would never be too worried with the temporary swings because they believe in the product not the process and they know the value will always be positive in long term.

But, as a trader we have to keep funds liquid and cannot get stuck with a few coins for long time as keeping coins for too long is in itself a loss and especially if you are trading with altcoins because Bitcoins will rise again for sure we all know but alts have a tendency that once drop they might become completely dust.

As a small margin trader I never keep the coins for too long more so because I do leverage trading and I have to pay a small fees to Binance on the money I borrow from Binance.

milewilda

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Quote from: Yatsan on October 13, 2020, 03:18:00 PM

People do have their own different reasons why they do still chooses to stay and try even harder on doing tradings after a couple of times experiencing failure or greater loss brought by crypto trading. There is no perfect strategy on doing trading, there is no significant or exact way on how you can deal on doing trading because we are all lying into a volatile market on which changes over times is inevitable. The reason why they keep on trying because they have a goal they wanted to achieve and quitting is not an option to achieve that. Rich people that came from trading do also experience lots of trials and failures before they have attained what they have right now and that is a product of patience and effort which became worthy over time. Same thing applies to all of us. But still there must be a limitation. Do not risk all that you have. Learn to rest for a while and not to quit.

But there are things which arent really made for us no matter how hard we do try and thats why it just right for you to quit before anything will really be gone in terms of finances.For some people then they will surely pushes it out even into those most difficult time but there are who had been trading for a while but havent able to see themselves to be feasible thats why its just a right call for them to quit than to go further but for people who do just recently started and immediately quit then its inevitable as said but we wont know anything if we dont experience defeat or loss thats why its important to learn up everything from that and do able to make up some
progress and able to make profits somehow and the lesson do continue and the learning that it gives. Quitting isnt an option but there are really times which it is worth to do so.

goldade

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Quote from: nicolas1979 on March 06, 2020, 09:18:58 PM

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.

I think some of the reasons people lose continually in crypto trading is because
1. They do not have the required skills and knowledge. Trading isn't something that should be dabbled into else you'll make losses. Once one takes time to learn, one will definitely make profits
2. They are bent on using a particular strategy. In crypto trading, there is no perfect strategy for making profits. If one realizes that a particular strategy is resulting in losses over time, then it means it should be changed to a better one.
Although I understand many have the mentality of 'not quitting', sometimes it is better to take a step back to bounce back better

Yatsan

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People do have their own different reasons why they do still chooses to stay and try even harder on doing tradings after a couple of times experiencing failure or greater loss brought by crypto trading. There is no perfect strategy on doing trading, there is no significant or exact way on how you can deal on doing trading because we are all lying into a volatile market on which changes over times is inevitable. The reason why they keep on trying because they have a goal they wanted to achieve and quitting is not an option to achieve that. Rich people that came from trading do also experience lots of trials and failures before they have attained what they have right now and that is a product of patience and effort which became worthy over time. Same thing applies to all of us. But still there must be a limitation. Do not risk all that you have. Learn to rest for a while and not to quit.

Xinarae*

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I don't know if you don't like cryptocurrency trading I think that due to lack of knowledge and intelligence, Anil also faces a lot of losses when it comes to trading in cryptocurrency but if it can be fixed cryptocurrency trading may be possible to recover. Trading requires a lot of care and determination where you need to acquire skills that can earn you a fair amount of money no trading breaks are required.

lixer

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Quote from: militiariko on October 11, 2020, 11:39:25 AM

Well, i think this depends on the type of situation and circumstances you find yourself. In a wider note, you have to understand when to stop loss or accept defeat. Some tokens when dump, dump and vanish away, while some will bounce back. So define your type of investment and stand by it.

Accepting a mistake and realizing that the coin we are holding did not perform well and hence we have to sell it at the current price to avoid future loss is extremely important and I am someone who has worked with some good local traders and they always used to say that a stock that is going down constantly is something you should stay away from and any such share you hold must be sold at current value without being emotional or touchy about it.

They used to say that if you are able to sell off a bad share for a $100 loss it is always better to do that and focus on earning from next share rather than holding it for too long and waste your time and maybe even lose $200 when you finally sell it. The same applies for trading in crypto and so many alts are there so we have to sell the declining coin at lowest possible loss.

militiariko

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Well, i think this depends on the type of situation and circumstances you find yourself. In a wider note, you have to understand when to stop loss or accept defeat. Some tokens when dump, dump and vanish away, while some will bounce back. So define your type of investment and stand by it.

malikg18

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It is not solution of loss that we leave Trading after lossing every thing. Profit loss is the part of Crypto as well as of Life. Actual loss is when we loose wise. If we are loss in any crypto we should start Trade in that particular crypto to anyother pairs, in this way we can minimize loss.

Quidat

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Quote from: el kaka22 on October 10, 2020, 05:05:47 AM

I believe it is an option if you are a short term daily trader but it is definitely not an option if you are a long term trader. Long term traders should not look at bitcoin prices, you are going to end up with not so much profits if you keep buying and selling all the time, that will make you a short term trader, the reason why long term traders do not really look at the price or at least that is why they should not look at is the fact that short term movements do not matter to long term goals.

Bitcoin price has moved to a lot of lows and a lot of highs recently right? Since march we have seen it move down and up once again, and last year as well in 2019 it moved up and down a lot. If bought at 1st January of 2019 you would have made over 3x profit right now, that is why long term is great and you should not sell.

Not all people would really have that kind of level of patience into their stashes thats why majority will really be opting in short trades rather than holding for too long.
Yes, you might able to pull 3x in you capital or investment but it depends on when you did able exactly to accumulate while its still cheap and not all are really good
when it comes to that.It depends on a certain persons preference if he would neither chose up long term or shorter trades and in talks of leaving crypto due to lost condition
then i can say that its never been a good option for you to do so if you are just trading newly.Of course mistakes are there but to think that these are stepping stone for
someone to make himself even more better as the time goes by.

Ridwan Fauzi

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Quote from: Shasha80 on October 10, 2020, 05:24:01 AM

If we trade and the coins we buy go down in price, of course if we sell, we will experience losses. But as long as we don't sell our coins
whose price has dropped, then we haven't suffered any losses. So it's a good choice when the coin price drops, don't sell the coins. But
keep holding until the price goes up again. It is a choice to make, but we must have patience. Because no one knows when the price of
these coins can go up again.

The patient is not enough if you include it as your trading/investing system, that is the last stratgey that you should have. Can you imagine how much money that will willing to loss when you bought bitcoin at its all time high? You will sell your bitcoin when its price touch $3500 because you will think bitcoin will have no price anymore.

But if you add some strategy such your knowledge into technical analyst and mix it with fundamental analyst you will be comfortable when you hold it for long term and you decide to hold because the price's coin fall. You will think that the decreasing price just a retracement and the price will go up again when touch the strong support, by that you have worry to loss your money even you'll relax to facing it.

palle11

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Quote from: Shasha80 on October 10, 2020, 05:24:01 AM

If we trade and the coins we buy go down in price, of course if we sell, we will experience losses. But as long as we don't sell our coins
whose price has dropped, then we haven't suffered any losses. So it's a good choice when the coin price drops, don't sell the coins. But
keep holding until the price goes up again. It is a choice to make, but we must have patience. Because no one knows when the price of
these coins can go up again.

Coins price can't be predicted because nobody can't determine it, is luck in my own analysis of how the volatility is going. Now hodling a coin can give you profit and

Shasha80

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If we trade and the coins we buy go down in price, of course if we sell, we will experience losses. But as long as we don't sell our coins
whose price has dropped, then we haven't suffered any losses. So it's a good choice when the coin price drops, don't sell the coins. But
keep holding until the price goes up again. It is a choice to make, but we must have patience. Because no one knows when the price of
these coins can go up again.

el kaka22

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I believe it is an option if you are a short term daily trader but it is definitely not an option if you are a long term trader. Long term traders should not look at bitcoin prices, you are going to end up with not so much profits if you keep buying and selling all the time, that will make you a short term trader, the reason why long term traders do not really look at the price or at least that is why they should not look at is the fact that short term movements do not matter to long term goals.

Bitcoin price has moved to a lot of lows and a lot of highs recently right? Since march we have seen it move down and up once again, and last year as well in 2019 it moved up and down a lot. If bought at 1st January of 2019 you would have made over 3x profit right now, that is why long term is great and you should not sell.

Renampun

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Quote from: Dorodha on October 09, 2020, 07:46:41 AM

Leaving crypto trading at a loss is not an option and you will lose a lot more. The main reason for losing is to make more profit after a short time of greed in which case they are later at risk. Try to move forward by correcting the wrong money without giving up crypto trading in case of loss. People learn something new from mistakes you need to learn trading rules signals and their techniques and if you can suffer the signals well the chances of losing will be much less.

self-correcting is a great thing for future progress...
Leaving crypto at a loss and not coming back only makes you waste the great opportunities that may be created in the future. when you lose the wise thing you have to do is double-check whether your strategy is correct then come back with a new strategy and also more knowledge to pay for all losses and make a profit.

Dorodha

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Leaving crypto trading at a loss is not an option and you will lose a lot more. The main reason for losing is to make more profit after a short time of greed in which case they are later at risk. Try to move forward by correcting the wrong money without giving up crypto trading in case of loss. People learn something new from mistakes you need to learn trading rules signals and their techniques and if you can suffer the signals well the chances of losing will be much less.

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Quote from: Charles-Tim on March 06, 2020, 09:55:18 PM

There are different types of trading. The most risky are the day trading. Because of greed and impatiece, some new traders like to do trade trading. They want to earn daily of which it is not like that. Trading has rules which should be followed with discipline. Assuming a trader that just started new and risked large amount of money on trading. Is that good or sound professional? No.
Day trading are for learning. Using small capital to start. If you get it and you make money in the first five trades you make, you can see it as an opportunity. But. If you lose, then, you can consider doing long term trade.
Some traders believe in luck and just enter a market without any analyses. Are they a good trader. Most of them lose money because they did not learn about trading very well before starting.
If you try day trading and you are not making profit, then, try long term trading. You will buy at a low price and sell at a high price. Not really easy to do also, but it is less risky than day trading.

You explained awesomely. Anyone can understand a lot from your post to be so clear.
And I agree with you. It is ludicrous to come to trade without market analysis. If the whole thing is left to fate, then what is the need to trade. Increase knowledge, loss of mind and skill should come in trading. Otherwise, there is no way but to give up crypto trading

Maestro75

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Quote from: nicolas1979 on March 06, 2020, 09:18:58 PM

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.

It is hard saying to ask someone who has lost a lot of money in trading to leave it. Most of the losing traders hardly listen or heed such an advice. They went to chase the market and recover their loss. This is not a right way to trading because trading with vengeance causes more losses. My advice is that traders should take a break off trading and reassess their trading plans whenever they suffer a losing streak.

whyrqa

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Quote from: bitgolden on March 21, 2020, 08:47:13 AM

I doubt the people who give up are not the same people who make it a job. If you make this your investment and you are a trader I can understand because those people are having fun a bit, sure they are not "having fun" as in the gaming sense or whatever but it is not their job, it is not their only income, they are doing it so they could have some sort of either side income or some good investment for their future and all of that.

When we are talking about people who make this full time and this is their only income and they have no other money coming in, those people are a different type of animal, those people do close crypto in a losing position but they also do not allow it to go low as much as this. They make a stop loss and they get out very early.

The fact is that each person has his own nuances in the cryptocurrency market. Personally, today I can receive a certain income only because I have enough free time to not only trade on the cryptocurrency market, but also participate in bounty companies, and they can use the funds for profitable investments. But my friends who have real permanent work can not always devote enough time to cryptocurrencies. Several people even left this activity, as incomes decreased and they decided to spend time on something else. Nevertheless, mostly my friends remain investors in good promising projects and in certain highly rated cryptocurrencies.

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