Leave crypto trading in lost condition is not an option. - page 4.

Findingnemo

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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.

If someone lost all of his capital then he has no option other than leaving crypto trading.

Crypto trading is highly profitable and highly risky as well so one who wants to start crypto trading should understand this first before investing their money into it.

tbterryboy

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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 can get you. I would like to explain this with my individual story. At the initial stage, I failed at trading more than 50 times which even made me loose major part of my earnings. What you are saying is that I should have been stopped trading after having these many failures but I did not find stopping reliable.

Trading has turned my interest in which made me actively trade just to gain experience and not profits. Those 50 times I failed made me gain a huge experience as I almost spotted each mistake which made me land up in loss. After these failures, I started having profits. Those profits started to rise as per the time passed by and today I can even serve myself a good source of income only with trading. Understanding this, I would never prefer anyone to stop trading.

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Quote from: beerlover on March 07, 2020, 08:17:07 AM

I have always said it, if you are trading as an income to live, that is always too risky and would never work because in the long run you are using your own trading capital to live and the more you spend the less you can earn with the amount you have left and eventually you will be left without a chance to make profit.

I personally have tried to make an income from staking for example and even that didn't turn out that well since I needed that money constantly and eventually broke it off and just cashed it in. If you can afford to find a way to have a passive income and live with that and on top of that earn something with trading that would work, but to have a trading profit that you spend is never a good idea and would never work in the long run.

Only few people are able to make for the living.just from trading and even they can't performe that forever. Losses can't be fully avoided and with time you'll find yourself that you can't fully recover from losses. That is a very risky decision and no matter how good you are, a good bavk up plan is always needed. When you find yourself in a situation that the loss comes one after another you feel great pressure to cover that up.but very often that just pulls you even deeper.
I had some friends who though they could live only from trading but very soon they realised how hard that is and I never encouraged them to quit they regular job.

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Quote from: ultrloa on March 07, 2020, 03:40:45 AM

Do you think if they leave they can earn with the other platform? I think no it's still the same and if you look on the scale how profitable the trading is you will find it more bigger since if you know how to trade properly and know the fundamentals for sure you will earned a good amount with it, Although you are losing in your early stage but its a part of learning process and I believe the one you know who keeps trading even they are losing will laugh at end since they will earn with it in future.

We can actually cover some losses but if any individual is having constant losses and almost lost all of his earning than it would be appropriate for him to stop trading. Trading makes individuals greedy which might even make them invest all of their capital they have in their savings.

Some people can actually never understand how trading usually works and they don't even care to make some basic TA before actually buying or selling any coins. They might be over confident about themselves which would never make them have profits in trading. Such people should leave trading until and unless they gain some experience and turn mature enough to handle their profits and losses carefully.

abel1337

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Trading has always a risk and it is depending on the person on how far they can handle the losses they are having on trading, Not everyone has a good understanding in analyzing trading charts and know how to perform well on their trading activities. Helping traders to realize that they badly fail on keeping their trading activities on their hands is the thing I can consider goodwill. I know failures can make you succeed on the things you are doing but some people don't have unlimited assets to keep up their trades, Sometimes stoping on things you can't do right is a good option. There is always a possibility that you can find the perfect thing that is suited for you and you can excel well.

davis196

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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.

If a guy doesn't want to leave crypto trading just because of loss(plus the faith of gaining back all the lost money),then he has a gambling addiction.Such people need professional help from a psychic doctor.
Just trying to convince them with logic and the voice of reason won't work.Gambling addiction has something to do with the dopamine balance in the brain.I'm no expert in this field,but there's lots of free info over the internet-Youtube videos,e-books,etc.However,keep in mind that such info can't replace professional medical help.

beerlover

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I have always said it, if you are trading as an income to live, that is always too risky and would never work because in the long run you are using your own trading capital to live and the more you spend the less you can earn with the amount you have left and eventually you will be left without a chance to make profit.

I personally have tried to make an income from staking for example and even that didn't turn out that well since I needed that money constantly and eventually broke it off and just cashed it in. If you can afford to find a way to have a passive income and live with that and on top of that earn something with trading that would work, but to have a trading profit that you spend is never a good idea and would never work in the long run.

Genemind

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Mistakes and losses are always part of crypto trading. We can't do it perfectly in the beginning but giving up easily won't help us regain our losses. It is always advised that we must learn how to deal with every market situation because that will make us decide right. Taking every situation as an opportunity to earn will be a positive thing as well. We all experience loss in trading but that will make us learn more and to grow as a trader.

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That's why need enough patience for a crypto traders. Most of new traders are on lose IMO, because lack of patience and experience. But leave trading when your are on lose would just be a solution. Rather than give up, they should learn more with patience. But good solution is continue trade with very small fund. So that traders will learn many things slowly. I know everyone wouldn't gainer there, but don't forget everyday joining new traders and they also not expert. So likely they would lose at the beginning and you may get profit from your experience with patience.

I am one of them who is loser on crypto trading. But now I stop trading and just hold some shitcoin. Because those fund was available to me, I just bought some coins instead of daily trade. But it doesn't mean I left trading on lose. Still I have coins but just waiting for alt season's.

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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.

Do you think if they leave they can earn with the other platform? I think no it's still the same and if you look on the scale how profitable the trading is you will find it more bigger since if you know how to trade properly and know the fundamentals for sure you will earned a good amount with it, Although you are losing in your early stage but its a part of learning process and I believe the one you know who keeps trading even they are losing will laugh at end since they will earn with it in future.

sheenshane

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Leaving is not the only solution if they believe that trading will give profit but the skills they had are not enough to execute in trading. Instead of leaving, they will take a break for a while and have a full stock of knowledge regarding trading and then when they come back at least they are prepared very well.

In trading, newcomers will always consider as a loser but after several losses, they learned on it and become an expert. So, if you decided to quit then you might have a forever loss. I may suggest as new traders, do a long term trading. Day trading is a very crucial and risky part, you should know the consequences that may occur.

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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.

Because they still believe that they earn money from crypto, so that makes them still trying hard to make money. We can advise them to leave crypto for a while although they already in lost condition but we cannot force them to do that. The better things that we can do to them is let them choose what they want while we can stay beside them and still giving advice when they feel tired. The advice will not about to leave crypto but how we can provide them supports to believe for something that they still trying.

Only they will know when the time to leave crypto trading forever or temporary, and we cannot interfere with them if they don't realize by themselves. If they still have the spirit to do more in trading, we can only watch how they solve every problem or lose in trading while we can teach them too if we know about trading.

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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 low price and sell at high price. Not really easy to do also, but it is less risky than day trading.

I think it's better to stay and do nothing for a while if the the condition is not good than leaving in crypto trading. Most of the time traders loses a lot because of an impatient behavior and I think that is what the traders need to improve to avoid the loses. Before to start need to have patience and enough knowledge and skills.

Charles-Tim

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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 low price and sell at high price. Not really easy to do also, but it is less risky than day trading.

nicolas1979

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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.

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