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

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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.

bitgolden

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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.

Ridwan Fauzi

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Trading is a place which is need patience, perseverance and workmanlike attitude. If you or everyone don't have any of them you will leave in any situation including in lose situation. At least when start trading you need to have a basic knowledge how to trade so as you will make your own evaluation when you have finished every trade you made.

For those who leave crypto trading in lose situation was because they didn't have any knowledge, more than that with volatility price character which owned by crypto currency will make them reluctant to come back again. For us maybe this sitaution is a chance to gain a lot of money shortly, like this time. Bitcoin price has been increasing for more then $1500 in one day, if you are a good trader you will get it in one day on this place.

shoreno

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Quote from: KrisAlex18 on March 20, 2020, 04:03:58 AM

Well, if a person is always losing its money on trading, they will leave it to prevent from being lost, well, that is normal we all do not want to get lost of our money, but leaving it is not really an option, yes you may leave it for a while, and do any research about it, because trading is not a simple thing, so if we don't have any knowledge about it, we will surely lost our money, so before trading you should have enough knowledge about the market and about the different cryptocurrency.

Do not worry of being lost because that is really normal especially if you are only a beginner on that thing, losing is part of the process, make it as your motivation so you may win on the next other day.

if you only leave for a while or for temporary purpose then that is an option but if you leave or quit because you feel trading isnt for you then that is not an option but that is a decision . loosing is normal yes your are right but when you loose more often then its not healthy anymore .

your not happy with it so why will you still continue ? what important is we find a hobby that will make us happy and also that can bring a fortune to us even not at all times but atleast you arent also loosing at all times .

KrisAlex18

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Well, if a person is always losing its money on trading, they will leave it to prevent from being lost, well, that is normal we all do not want to get lost of our money, but leaving it is not really an option, yes you may leave it for a while, and do any research about it, because trading is not a simple thing, so if we don't have any knowledge about it, we will surely lost our money, so before trading you should have enough knowledge about the market and about the different cryptocurrency.

Do not worry of being lost because that is really normal especially if you are only a beginner on that thing, losing is part of the process, make it as your motivation so you may win on the next other day.

TrevorS

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How to understand that the limit has been reached? You offer to surrender to those who are tired and thinks that he is not ready.
But the truth is that the one who does not give up always wins. Those traders who have gone through all the difficulties and hardships of trading are tempered and become sharks in this area.

semobo

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It depends, if you are struggling to make profits from crypto trading even after tried your best then its wise to move to other things and take the remaining capital you have because its better than losing everything.In reality if a trader is struggling to make profits then he can try to be a holder so he can assure profits but it will take longer time.

jostorres

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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.

You shouldn’t be stressing yourself when you meet such people. It’s their choice, if they decide to keep risking their money and losing it, then it’s their choice and if they end up losing every money they have they will still be the ones to bear the consequences and not you. Such people are just being foolish, trading is not something that should be considered as a primary job. Anyone who is into trading should have something else that they are doing, another source of income.

If you work in an office you can still get extra time to trade a day. As someone with a job you’re sure that by the end of the month you will have some money paid into your account and if you happened to lose some money in trading , you will be able to recover it back.

FanEagle

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When you are in tough situation and have to sell that is understandable. However when considering bitcoin is dropping the mining in half soon and the inflation of bitcoin going down in millions of dollars per day and all the inflation of dollar and other fiat considered, in the long term bitcoin is something that will make you profit very easily.

However, when you get scared and think that bitcoin is going down and you will lose money so that is why you end up selling your crypto, that is a weak move, you can't just get scared from a fall and get out of crypto all together, you have to stay in and wait for it to go back up otherwise you are not going to get something major out of this, the best case you will end up as a person who got hyped and lost money.

iv4n

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Quote from: hahay on March 11, 2020, 03:06:18 PM

There is nothing we can do to convince them to stay, because they have chosen their own way to go and even though we can convince them to stay, at least we have to give a guarantee of making a profit but unfortunately, it will be difficult to do because even finding a way to produce a good profit it takes time and not everyone will be willing to go through a long process.

One thing is sure, learning process can be long and hard! But the ones who go through difficult times can reap rewards in the end. Here is about gambling, but every other job require some sacrifice, for everything you need to learn first and every school cost money, more or less, depending on many things.
People should give it a try, more than once, and in more ways, before they quit. Quitting is an option but after you tried everything and you saw that trading, or any other thing, is not for you!

AniviaBtc

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Quote from: hulla on March 11, 2020, 05:14:37 AM

Quote from: maydna on March 11, 2020, 02:09:45 AM

Quote from: hulla on March 10, 2020, 08:16:14 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.

First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from one's previous is always the right decision.

I like the idea of using crypto as the long term investment if he cannot get any profit with the short term trade. He can use another thing to make money than to expecting to make money from crypto. I believe that he will have another opportunity to make money in other fields because perhaps, he will use his skill in the right fields.

Selecting to leave crypto trading in lost condition will be an option as long as he doesn't sell all of his coins at a low price because he will not have a chance to make a profit when the price increase back. I think he can leave crypto trading for a while with the coins insides his own wallet and don't keep the coin in the exchange's wallet, so he doesn't have to worry from the bad things that can happen, while he can also search for another thing to make money.

I gave an unquestionably yes to your statement because no matter how good someone is if such person allow fear and greed to take over him such person has already lost the battle before it begin.
With that been said, i never believe every crypto traders and investors can totally make lose if he didn't panic sell and hold his coins till when it halving while he also strategist best means that's good for his knowledge

During hard times, giving up is never an option but to become more inspired and determined to stand again. If you stop trading, you will never get back the money you loss and that's not how trading works. Every time you fail in trading, every time you loss a certain amount of money, there comes a new lesson you need to learn. Most of the people who loss their money, give up. You need to understand that in order to become a good trader, you need to experience ups and downs in trading. You need to become more firm and strong during downfall, and you're the only one who can help yourself to end that suffering. By that, you can now think of an effective strategies, plans that will benefit your account to become more successful in trading.

Always remember the no. 1 rule in trading, never give up and learning is an active process.

Kurokonobasuke

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As a long time trader, I didn't intend to leave crypto trading, but I've experience to give myself a vacation in trading because for me when I don't give myself a little vacation the loss of my assets is getting bigger and it really difficult to recovered all my loss assets. Many stupid traders are just playing crypto repeatedly to earned and recover their loss assets but it was a stupid action, because your like a soldier that was attacking a war that doesn't have any enough equipment so that you doesn't have an ability to fight for. In related in trading you just need to get rest and think for the next back up, in getting rest you will produced new strategies that you will used it for the next trading that was called REVENGE.

hahay

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There is nothing we can do to convince them to stay, because they have chosen their own way to go and even though we can convince them to stay, at least we have to give a guarantee of making a profit but unfortunately, it will be difficult to do because even finding a way to produce a good profit it takes time and not everyone will be willing to go through a long process.

samcrypto

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Losing money is normal in trading but if you quit because of this, then you are not meant to become a trader. As a trader you must know the risk, and accept that you fail on your trades and start thinking for another strategy again. Yes, the volatility is getting higher but on this kind of market, good trader always make money on their long trades.

maxreish

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Failures in trading is just a way to become better trader. If you fail today, try again and build more knowledge, try other strategy and look for the previous mistakes. Why do we have to advice them to leave crypto when they can continue with what they are doing. There are so many types of trader and many ways to compensate their loses in trading.

But, there is also a time to quit. When circumstances is that you keep on losing and losing without improvements in trading. It's like a gamble that we tend to lose and to win. So if it is not healthy anymore, why not consider other way to earn through cryptocurrency?

hulla

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Quote from: maydna on March 11, 2020, 02:09:45 AM

Quote from: hulla on March 10, 2020, 08:16:14 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.

First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from one's previous is always the right decision.

I like the idea of using crypto as the long term investment if he cannot get any profit with the short term trade. He can use another thing to make money than to expecting to make money from crypto. I believe that he will have another opportunity to make money in other fields because perhaps, he will use his skill in the right fields.

Selecting to leave crypto trading in lost condition will be an option as long as he doesn't sell all of his coins at a low price because he will not have a chance to make a profit when the price increase back. I think he can leave crypto trading for a while with the coins insides his own wallet and don't keep the coin in the exchange's wallet, so he doesn't have to worry from the bad things that can happen, while he can also search for another thing to make money.

I gave an unquestionably yes to your statement because no matter how good someone is if such person allow fear and greed to take over him such person has already lost the battle before it begin.
With that been said, i never believe every crypto traders and investors can totally make lose if he didn't panic sell and hold his coins till when it halving while he also strategist best means that's good for his knowledge

maydna

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Quote from: hulla on March 10, 2020, 08:16:14 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.

First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from ones previous is always the right decision.

I like the idea of using crypto as the long term investment if he cannot get any profit with the short term trade. He can use another thing to make money than to expecting to make money from crypto. I believe that he will have another opportunity to make money in other fields because perhaps, he will use his skill in the right fields.

Selecting to leave crypto trading in lost condition will be an option as long as he doesn't sell all of his coin in a low price because he will not have a chance to make a profit when the price increase back. I think he can leave crypto trading for a while with the coins insides his own wallet and don't keep the coin in the exchange's wallet, so he doesn't have to worry from the bad things that can happen, while he can also search for another thing to make money.

rodskee

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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.

then thats all fact because people in crypto mostly try to make money but don't put limits on their actions.
they don't even make right plans before engaging in trading and this made them lose.but if they will only learn first before trading?
i am sure they may have small losses.look at those experienced traders that has been here but still gaining?
because they did not surrender just like that besides they use strategy in right manner and not only for greediness.

leowonderful

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It's hard to leave things like trading even if you know you're prone to losing money from something like pure inexperience because people post their trading success all the time on places like Twitter and even on this forum, and thus it's easy to get into a mindset that you were just unlucky last time and things will turn out differently in the future even though they most likely won't. People generally don't like to leave things negatively or at a loss, even though realistically the best option is just to cut your losses.

Find another way to make money that's more consistent than trading. Trading's very much not for everyone.

hulla

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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.

First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from ones previous is always the right decision.

Yamifoud

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Quote from: travwill on March 10, 2020, 05:01:45 PM

In order not to get into an unpleasant situation due to unsuccessful trading, you must clearly understand what percentage of your deposit you are willing to lose painlessly.
Otherwise, you will always experience overwhelming stress if you trade on money that you are not ready to lose.

It is something you need to find what best for you. It was a terrible thing to happen when you know that you are already at lose but still you have to push yourself into it. Of course, we need to recover our losses but finding out that trading may not good for you then it is something you have to accept with and better to stop. The problem with most of us is that we can't accept our failure and tend to make things all be good even though we know that it is really for us to work with. That was a stressful life...

travwill

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In order not to get into an unpleasant situation due to unsuccessful trading, you must clearly understand what percentage of your deposit you are willing to lose painlessly.
Otherwise, you will always experience overwhelming stress if you trade on money that you are not ready to lose.

BuNga_cute

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I am sure the number of people leaving crypto trading in a condition of loss is very small, because it is not the best solution is to leave
crypto trading in a loss condition. Because the best solution is to keep trying crypto trading to find the right strategy to be able to generate
profits. Because failure is the beginning of success.No need to leave crypto trading if we fail, but keep trying until success is the best solution.

ScamViruS

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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.

Without patience, crypto trading would be a loss. I have seen many traders who have lost money due to impatience. In order to trade, you must have knowledge of trading. Leave crypto trading will not be a good idea IMO. There is lot of people like you, who make mistake everyday. Learn from your every mistake. Not make the previous mistake in the future. One day you will succeed.

ReiMomo

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Once you have been involved in trading just go on. That is cowardness if you quite in trading just because you experienced in a lost condition. How could you become an expert if hile in the early stage you are already quitting? You will probably learn from your mistakes and becomes perfect soon. Leaving is crypto is not an answer there. Stad up and continue your journey in trading, soon you will never know you are very successful.

Kelvinid

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They'll have to take some pill or a sort of advice that trading isn't for them and they can't be profitable for this because it is particularly not working with or they are not working it either to improve their trading skills and knowledge. It sometimes we have to open up our mind and accept that we can't be in one thing, may the others could make it but we can't. Pushing ourselves into this thing that even one time we can't make money for many years, it is absolutely a waste of time and money. Why not working into the other areas that might be suited to us?

Harlot

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Actually making them quit crypto trading because of a loss is really a bad advice coming from a crypto trader. Instead of suggesting them to quit why not treat their mistakes as a learning experience for them? I know it is a tough pill to swallow but they will really lose everything if they just quit without trying again. If they are holding Bitcoin at a loss right now then they can still cut it and try to buy some crypto again. If they start cutting losses near their capital it will really be a good start for them conoared to cutting it like 10% or more than their original capital.

ArIMy11

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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.

They are still hoping that they can earn crypto through trading like me. Well, just do not mind them/us. It is our own choice to trade. Just focus on what you are good at and on where you are earning. Didn't you realize that you are also wasting your time, energy and effort pleasing people to stop trading ?

Twentyonepaylots

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Quote from: Republikcoin.com on March 09, 2020, 03:05:27 AM

I think some people will come out when they have lost. however, they sometimes want to try trading with a number of assets, and when they lose, they will come out.
however, some people are still dreamed of large profits and do not accept their losses. I think, they feel that profits are in front of their eyes, and when price increases occur according to their thoughts, they will be rich. These are some of the reasons why people don't want to quit even though they have lost money.

I have these 3 types of trader in my mind

1. The Holder
- This type of trader is always safe. He does not mind the decreasing value of his assets even it is getting too low than what he expected. Best of all is he does not panic.
2. The Exaggerated
- He is always in monitor of his assets. He always predict too much optimistic outcomes and posting everything on social media. lol
3. The Bipolar
- Simply becomes happy when he gain and turns sad when he lost. Common type of trader now.

Can you guys add some?

TheGreatPython

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Well, there are people who make forex trading as a living or stock market investment as a living in some sort of way and there is nothing wrong with that. You can make crypto trading your income as well if you are too good.

I just think that it would be really difficult and would be very dangerous if you are not careful about it. Also when we are talking about traders that are doing it full time we are not talking about small timers, those people can't afford to live with the money they make, we are talking about people who have tens of thousands of dollars to spare and try something like this, I personally do not even have that much money for myself let alone to spare for trading, so they must know something better than me to have that kind of money to begin with.

Republikcoin.com

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I think some people will come out when they have lost. however, they sometimes want to try trading with a number of assets, and when they lose, they will come out.
however, some people are still dreamed of large profits and do not accept their losses. I think, they feel that profits are in front of their eyes, and when price increases occur according to their thoughts, they will be rich. These are some of the reasons why people don't want to quit even though they have lost money.

ethereumhunter

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Quote from: novaprime on March 08, 2020, 10:04:30 PM

I think you should only consider this market as a side job because it may not always help you to make a good profit here and there will be a lot of hard times if the market turns red. I only trade on weekends to make a profit because I don't have much time in this market and my main job takes a lot of time to complete.

However, if you consider this market as the main source of income, you need to be more confident when choosing to trade and always consider carefully before making decisions because every decision you make will affect your assets.

If he uses trading as his main source, he needs to learn more about trading so he can make analyze better than before. But if he only uses trading as a side job, then yes, he doesn't need always to trade if the market is hard to analyze. If we have skills to analyze the market, we can consider using trading as a way to make money because I have a friend that use trading as his main source to make money. He is trying to analyze, but he always holds himself not to trade if the situation is not right to trade.

imstillthebest

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Quote from: CHENIEN on March 08, 2020, 09:42:51 PM

Before you proceed in business,you need to learn the step by step process in trading procedure which is the fund should be good for a long term savings for fully trade support.because as a entrepreneurship you should have to tax a blood and perspiration, that's if you' re really want to grow with your target of making profit perfectly,upon this opportunity you should not be discouraged when your crypto trading is low which is probably proven as normal condition,never leave crypto trading until the last stage.

roight mate . you understand the movement of the coin and its risk , downtrend isnt enought for you to leave then . you must keep going until you finish your entire balance .

if you keep doing the same mistake , that is the time that you must change strategy or else quit and find other profitable business if this does not work still . others leave because of the market condition but its not right ot leave this way , we should better leave because we have other reasons , let say if we are busy now something or others .

novaprime

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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.

I think you should only consider this market as a side job because it may not always help you to make a good profit here and there will be a lot of hard times if the market turns red. I only trade on weekends to make a profit because I don't have much time in this market and my main job takes a lot of time to complete.

However, if you consider this market as the main source of income, you need to be more confident when choosing to trade and always consider carefully before making decisions because every decision you make will affect your assets.

CHENIEN

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Before you proceed in business,you need to learn the step by step process in trading procedure which is the fund should be good for a long term savings for fully trade support.because as a entrepreneurship you should have to tax a blood and perspiration, that's if you' re really want to grow with your target of making profit perfectly,upon this opportunity you should not be discouraged when your crypto trading is low which is probably proven as normal condition,never leave crypto trading until the last stage.

Wexnident

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Well, it's natural for humans to have greed, especially if one does not understand the concept of what he is actually entering but nonetheless completely believes that what they are doing is going to generate a lot of profit. It's like complete confidence towards an empty belief. If they were someone who just left their money on BTC and waited, then that's a different issue since they're just trying to earn by hodling, but if they assume that just entering the market means profiting 100% of the time, then that's they're a mistake.

This is why there's a tip that only invest what you can lose because as much as you can earn on trading, you can also lose as much as that.

MWesterweele

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Quote from: Polar91 on March 07, 2020, 07:28:01 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.

We can't force them to decide for their own good since they have their own free will. All we can do is just to suggest but we shouldn't convince them since the judgement wether they should continue or not is in their hands. Crypto trading is indeed difficult to deal with but a person with patience, persistence, and will can manage to still enjoy and make profit from it. Not everyone has the same mind set and perspective in trading.

In my opinion, it's better to wait until the condition of the crypto begin to rise again, even no one knows when it's going to change. Trading is quite not easy but if you have patient, enough knowledge and can manage the current situation then you can easily adopt and overcome all the possible loses you might encounter in trading. For me leaving trading is not the option to avoid loses because loses is the part of it but the learning you get is mold you to be a beter Trader.

Polar91

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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.

We can't force them to decide for their own good since they have their own free will. All we can do is just to suggest but we shouldn't convince them since the judgement wether they should continue or not is in their hands. Crypto trading is indeed difficult to deal with but a person with patience, persistence, and will can manage to still enjoy and make profit from it. Not everyone has the same mind set and perspective in trading.

rexxarofmoknathal

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Quote from: Oceat on March 07, 2020, 05:57:26 PM

There's no need to chase your losses just give it up already and call it a day. It's not everyday you will lose in trading, some people may not have the talent to look at the charts but with constant try while practicing of minimizing the risk. It is likely that the trader will soon become a successful trader. The answer is to seek knowledge while doing it with a constant practice and I'm sure you will not gonna believe where you are after that.

Exactly, we all know when we should cut our losses and call it a day, but the reality is that we don't because we think that with that next round there will either be a recuperation from the current loss or that there will be that next big reward everyone dreams off. It's a limitation that sometimes we don't even understand ourselves. And traders are no different, or immune to this type of psychology!

Hypnosis00

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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.

We can't either escape from this scenario in fact, a successful trader had also suffered losses before they got to the top and become successful. If that trader often to lose rather than to gain some, I could say that trading isn't his/her destiny and absolutely, he/she can't be a trader no matter how tried to work on it. And you are right, better to leave crypto rather than putting yourself into a place where you can't even taste winning but just a loss.

Oceat

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There's no need to chase your losses just give it up already and call it a day. It's not everyday you will lose in trading, some people may not have the talent to look at the charts but with constant try while practicing of minimizing the risk. It is likely that the trader will soon become a successful trader. The answer is to seek knowledge while doing it with a constant practice and I'm sure you will not gonna believe where you are after that.

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.

bitbunnny

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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.

jostorres

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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.

The Cryptovator

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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.

ultrloa

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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.

maydna

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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.

Mumbeeptind1963

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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.

Topic: Leave crypto trading in lost condition is not an option. (Read 547 times)