Question for experienced traders - page 2.

Fivestar4everMVP

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

For me, it's really been I while I quit active trading and have given my time to investing, and this is not exactly because I am no longer interested in crypto trading, due to loses or what ever, but then, its simply because trading crypto, and not just crypto but trading in general requires a lot of time, intact, it consumes time.

If you are an active trader, rest assured you likely will not have time to practice or engage yourself in other activities, because those time you should spend on other activities is possibly the time you are spending; analyzing the market, reading the news so as to get an idea of what to trade next.

Focusing on crypto investment allows one much ample of time to do or participate in other activities, which could range from running other businesses and such, it's important that we all understand that trading is not the only means through which we can make money from crypto, and once one focuses on trading alone, it most of time don't or won't allow that person the time to check out other means of making money from crypto as well.

letteredhub

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

I was once trading regularly out of financial demands that were hanging on me as responsibilities, and the need for money increased my trading habiit causing me losing money than I was expecting to make. Somehow I managed to solve much of those demands and, I had to stop trading, not really in that sense of quiting but I now trade only when I encounter an opportunity in the market (and that means I can stay for weeks without trading unlike before). I can basically say i do more of investment hodling than with trading for now

Silberman

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

Most traders quit because they are unable to obtain profits this way, and it is not surprising at all as trading is too hard and requires a great deal of skill for any profits to come, the issue is that becoming an investor can be very difficult for those former traders too, and that is because they are used to react to any movement on the markets and buy and sell coins based on those short term movements, while an investor needs to be way more resistant to that volatility and avoid making any kind of move based on it.

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

When you are very good at trading and can make money when you open a trade, you do not have to quit. Trading is not bad or stressful if you are making profit. The people that should stop trading are people that are not making any money because they did not learn how to trade or are not having any luck. You can do both because trading can be giving you money that you use in buying Bitcoin and hodl. Experience trader would not tell you to quit trading, they can only tell you to take a break if trading is becoming too much for you to handle and when you have your energy you can resume. You can also stop trading daily and trade only during the weekend or weekly depending on how your schedule is and how it will be comfortable for you so you do not see it as being stressful but to enjoy what you are doing.

bitgolden

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I personally started doing that because it took less effort and gave sometimes even better results. Don't get me wrong, this isn't true for everyone, some people may make a lot more money during this period and I will totally understand that, but that doesn't mean that we are going to be all the same, for me long term holding is either equal or even greater than most trading results, depends on the period of course but that is the case most of the time. So I thought, why work hard and have the same result, when I could just DCA and wait, without working at all, and relax mostly? That would make it easier to handle and I would say that it is not really that complicated to handle neither.

I believe that we need to make sure that we handle all of this by putting up a good period, and because of that I believe that the best thing to do would be just realizing it's all fine, nothing major would be going on, and it would be a better option for me. That way, I have been a long term holder for a while, and the return has made it possible for me to make some profit as well, been doing great. If I trusted myself enough that I could make more from trading, then I would have been trading now.

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?

Deciding to quit trading after being involved for a very long time can be a very serious decision to take, and a decision that definitely will not be taken from a position of excitement. The majority of traders who decide to quit trading are those who have suffered severe losses or a series of consecutive losses and have found no way to make progress in trading. If someone is profiting from trading, the only other reason that person may stop trading may be health-related challenges.

When someone gets to that position of depression from losses or health risks, nobody will advise you; you will advise yourself.

Ruttoshi

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Imagine that you spend too much time and money on trading and you still run at loss, it sucks and no one will be happy that he is trying to make profit but running at loss most time because you want to be a trader. The market is not predictable and that is what makes it look as if trading is gambling.

I decided to hodli because I realize that buying and hodli is a future plan and that is where you get more profit from instead of throwing away your money on trading. Bitcoin price increases overtime and it gives me more reason to continue hodling because it is an investment.

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

Just like many others, I had been a fan of trading too and lost many trades.
At some point I started accumulating and continues trading while setting aside some portion for accumulation.
As bitcoin price skyrocketed I earned decent profits and it was the profits that made me move towards investing for long term.
I still trade but only a minor portion contributes towards trading while a major portion is towards investment.

CageMabok

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

Usually people who stop trading just to be able to invest in crypto by choosing Bitcoin do so because of time or other work which means they cannot continuously monitor the market while trading. But my personal advice is don't stop trading just because of something else like investment, especially if that investment can be done anytime and anywhere as long as we know how to buy and store it well. However, if this can interfere with the other work you do every day, of course you still need to manage your time as much as possible to be able to do these two things without disturbing your other work. Because in essence, no one has to stop working and trading just because they want to do something new for them.

Adbitco

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Most times friends who knows about your lost in trading are the only person to tell you to quite trading, maybe you got married and you noticed you aren't giving your family the required time they needed then you can quite trading. If you flashed back then when most investors where accumulating bitcoin they knew the future of bitcoin were they refused to trade bitcoin than holding, at some point they would see that trading is no longer profitable because they have experience huge lost at the course of trading and, some people may have new job that is more trusted and reliable than trading since most times the lose can't be measured and you could lose more than expected so if there is an opportunity you might decides to work than trading maybe you would used the little funds left to keep holding and do DCA gradually.

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Any stories are interesting

Big losses is the reason for quitting trading. If there is a pie chart to represent this, 99% of the pie chart on why traders quit will be about the big unforgettable and painful losses while the one percent will be about other factors/reasons. Humans will always follow the path of least resistance and quitting which is the easy thing to do is the path of least resistance. I also encourage quitting if you haven't found yourself yet/are following others or found something else in the crypto space you know you can be better at other than trading.

bitLeap

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends
I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

-Regards

I am not a pure professional trader, but based on personal experience, choosing an investment rather than a trader is a matter of time, thought and capital management, where in trading we must be ready to have backup stablecoins when our portfolio drops drastically. In futures trading, providing great liquidity is of the utmost importance. After I thought about it for a moment, as an ordinary trader, capital and needs are unbalanced. Investments offer the easiest, simplest options and of course you have the freedom to enter and when to exit to take advantage of them. Moreover, taking long-term investment options is one way to invest that remains profitable.

Marvell1

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Most people who start participating in the market will choose to trade instead of holding for a long time because everyone wants to get quick profits, daily profits and everyone thinks it's easy. But over time some people will gradually realize that making money from trading is not as easy as they thought and many people even lose a lot of money. Therefore, I believe that trading failure is the main reason why many traders gradually switch to long-term holding.

To be honest, I don't have much experience or success in trading and I'm a holder now but I still trade sometimes because it's really seductive. Because like I said, there is no one who doesn't like to make money quickly, but I only trade when I see my win rate is guaranteed, otherwise I won't trade.

Taskford

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

Hello,friends

I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?

Certain realization that its better to hold than to trade since its so stressful to catch up the current situation and we need to deal with a lot of things before we decide either to buy or sell. Those technicalities will give us stress also if we lose then provably we will end up miserable.

That's why right now I'd prefer to hold since the only thing we do here is to accumulate then wait for the price to grow. We don't need to be smart to do this since patience is the only thing we need before we succeed on this kind of investment.

Quote from: tajimas on July 20, 2024, 07:25:00 AM

It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting

Nope not been influence by anyone. Just decide to stop because maybe I think its enough to participate on what I think causing me a big losses. Its like cost cutting to save for more better investment decision.

shinratensei_

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at some point you will feel the burn out of constantly in fear your trading goes wrong due to market volatility.

trading is great and all, suited for people that want to take risk but it's mentally exhausting, i think you exchange the perk of getting quicker profit exactly for your mental state,
but after trying to be a long term investor due to some circumstance (like market suddenly dumping Grin

) you will eventually find peace in just being a long term trader and get that juicy profit without getting too fixated into your position in the market, monitoring your asset 24/7.

I could say that I comitted being long term investor because I can't keep up with the adrenaline.

jcojci

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I am not experienced traders but still learning more about trading. When I stuck in a high price, that force me to hold the coins and makes me to be patience waiting for the price back to increase. I will becomes an investor by coincidentally because of stuck in the market and can't do anything.

Maybe that is loss for me but I will not thinks like that because the coins can increase higher after gets correction especially if that is potential coins. That is why when you want to trade, you must think to use the money you can afford to loss so you will not confuse with your losses and can wait for a while until the price is back increase.

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Quote from: logfiles on July 20, 2024, 05:54:26 PM

You get to go with whatever strategy you are comfortable with, not because someone else is doing it. What may seem easy for me could be hectic for you. I have friends that I have taught how to trade and some of them don't like the idea of day trading since they don't get enough screen time.
Some people prefer trading derivatives with leverage and trust me, with crypto volatility and higher leverage, you can't open a position and then disappear for weeks without checking on it. But if you are doing spot trading, you can even take months without looking at any chart if your focus is on the long term

This is the usual dilemma of most traders - the time you need to allocate on this activity. It will be like your full time job if ever you will engage more on this activity. Consider the situation where you are trading several alts - you need to keep up on each one of them, otherwise, losing is unavoidable event if you failed to monitor their market performance.
During the ICO days, I was quite active in trading. But when I suffered losses, though I tried my hands in some tokens afterwards, I just dedicate more on btc holdings.
I even had a lot of various wallets running, compiling it on my own and staking some. You can even gain good profits just by staking in some alts. These days, it seems hard to find profitable coins/tokens, or maybe, I am just too lazy to follow the trend.

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Quote from: tranthidung on July 20, 2024, 08:15:55 AM

Quote from: tajimas on July 20, 2024, 07:25:00 AM

I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?

It's because with time and experience, people discover that they hardly to beat the market and get profit consistently and in net, long term, with trading. Then they look at Bitcoin price chart and see history, fact is clearly that if they hold their bitcoins, with a long time like years, 4 or 8 years, they would have been rich now.

In 2016 or 2017, it was not too difficult to purchase 5 or 10 bitcoins that are dream of many Bitcoin investors now. But because it was easy years ago, people fell to trading Bitcoin to altcoins, Bitcoin to stable coins, try to outsmart the market, then they lost most of bitcoins they had. After many years, looking back, they must have insightful lesson to change themselves, from trading to investing.

The truth is, there is no way we can beat the market consistently. We can gain profits, but we also end up losing significant profits most of the time, and the more we become more exposed to trading, the bigger the pressure we've seen in the market. Trading has a lot higher risk than investing alone, that's why it's not surprising that some traders end up hodling these days maybe because they just want to deal the market with less stress and pressure, that trading is not capable to give.

logfiles

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You get to go with whatever strategy you are comfortable with, not because someone else is doing it. What may seem easy for me could be hectic for you. I have friends that I have taught how to trade and some of them don't like the idea of day trading since they don't get enough screen time.
Some people prefer trading derivatives with leverage and trust me, with crypto volatility and higher leverage, you can't open a position and then disappear for weeks without checking on it. But if you are doing spot trading, you can even take months without looking at any chart if your focus is on the long term

348Judah

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Quote from: tajimas on July 20, 2024, 07:25:00 AM

I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?

For someone to have moved from one type of a particular trading to another one, then that means that he is not getting the required result needed from that one and may want to feels like changing from one to another in other to have something new and different from the ones they have been used to, trading have risk, we should not be deceived by some who will claim you can't risk your money on trades, but investing is when you don't want to give yourself unnecessary headache on trades and decided to hold, this could be the ultimate reasons why some do change.

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