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Topic: Question for experienced traders (Read 517 times)

legendary
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August 01, 2024, 06:58:25 PM
#47
What you should mentioned  are somehow the possible reasons why a long term trader end up quitting. As long as they are not profiting anymore from trading, then quitting is never a bad decision. After all, trading is not the only option that can give us satisfying and long term profits, buying and hodling are also capable of giving us excellent profits.

However, I can’t be certain with these reasons since until now I’m still trading at some point. Although not really often, but I’m still not quitting trading. But if trading could mean giving me a hard time in living life at its fullest, and is making me emotionally and mentally unhealthy, then I would also end up quitting trading without a doubt.
hero member
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Bitcoin Casino Est. 2013
August 01, 2024, 06:37:58 PM
#46
        -     For your information, crypto trading is very broad. If I base it on my experience, I first faced frequent losses before reaching the point where I usually get a profit.

Because even though you know a lot about trading, there are still arguments when it comes to technical analysis, which is very different when it comes to the actual trading activity itself.
Debate will always exist normally as long as there are new methods that emerge and can be used in trading with the aim of making it easier for every trader to carry out the trading itself. Because loss and profit are very natural things and are indeed easier for us to find in trading so that it actually doesn't need to be discussed other than just about new methods and technical analysis that are still used so far by most traders until whenever.
sr. member
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August 01, 2024, 06:30:33 PM
#45
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 Smiley

For someone that have made up their mind to quit trading because of an advise from a friend, that means they can never be a profitable trader. A trader that have made up his or her mind to learn trading should be aware enough that with every hardship comes ease. They just have to face the reality of trading which losses is part of it. If they don’t give up, with time they’ll be able to benefit from it. If you’ve made up your mind in the first place, quitting shouldn’t be an option when a friend advises you to.

Another long term losses someone can quit trading is if he continues to lose in trading but later got married and having children. He will know he has to quit to be a reliable and a responsible father. To quite trading would be a wise choice for this kind of person. This is in accordance to some researches.

The reasons most people quit trading are losses, long term losses and having more responsibility in the family like becoming a husband and a father.

This is the best answer to the question the OP asked. Trading when instilled in someone takes time before one can leave it. A lot of reasons might be there to convince you to leave trading and if that reason isn’t convincing enough, you’ll still want to keep trying and hope that maybe your lucky day will still arrive. There are some responsibilities that when arrived in your life and you want to be seen as a responsible person, you’ll quickly leave trading and focus more on something that will make you profitable after the so much loss you must have incurred from trading.
legendary
Activity: 2716
Merit: 1383
August 01, 2024, 03:03:55 PM
#44
I have feeling when we have one experienced trader who is taking good profit from his work will never go for any other way and leave this for investing or related things because this is one of the most interesting thing which is he doing and taking good profit.

...
It is never that simple, traders can quit even when they are obtaining profits, and this is because trading is a job that is too difficult and too time consuming, since the level of concentration that you need to keep for hours every single day, and in which just taking your eyes a few seconds off the screen can mean the difference between making profits or not is not something that many people can keep doing for decades, so many traders despite the success they are currently having prefer to make a transition and become investors instead.
legendary
Activity: 2772
Merit: 1127
July 28, 2024, 11:01:23 AM
#43
On this I will say there is no guarantee too that you will be able to make profits from holding too, because it’s basically a form of trading or rather prediction too but only has less risk compare to the future trading. The unexpected factors or manipulation (although this is for Altcoins)  that you mention are also in the case of holding of coin but the risk is minimal due to its longevity

There is no guarantee of success in both but only past experiences is what derives the believe of investors that they will be able to Make profits investing, same as trading. The Reason for all the technical analysis is just to catch the trend and also check where bitcoin reacted to in the past, with proper risk management as stated you reducing your risk to reward which will make you profits. So with this knowledge you can definitely make Zoe
 Profits from trading.
Trading is different from investing. In investing, we are actively trading or flipping coins to gain a profit but in investing, we are only holding our assets and wait for the bull market to earn a profit. Investing still has some elements of trading once an investor sells their assets for profit. Sometimes, they can just choose to trade it with other assets that are also high in value to make things easy for them.

Both acts are unpredictable but if you have stock a good knowledge about them, you will know what assets to pick and what actions to do to make you more successful with them. Future trading is another variation of a simple trading or also known as spot trading. It's more advanced but a spot trading alone is still more riskier than investing. Manipulations are not only for altcoins or on it's specific type but it happens too in BTC. Their effects for it can only be less though because the supply of BTC is already well distributed and other factors can be a reason for it. Technical analysis is an important part of trading. It's not just what you call existing for a trend.
hero member
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July 28, 2024, 08:28:35 AM
#42

Even if you have all the necessary elements to be called a professional trader, there is no guarantee that you will make a profit from trading or that making a profit from trading is easy .  Because even if you use all the knowledge and skills you have, you will never be able to predict unexpected factors, or manipulate...Therefore, there will always be certain risks in trading and making profits from it is not easy .

Bitcoin is unpredictable because there are always unexpected impacts, events, or shark manipulation in the short term. Therefore, to minimize the risks from those things for ourselves, long-term holding will be a much better choice.

On this I will say there is no guarantee too that you will be able to make profits from holding too, because it’s basically a form of trading or rather prediction too but only has less risk compare to the future trading. The unexpected factors or manipulation (although this is for Altcoins)  that you mention are also in the case of holding of coin but the risk is minimal due to its longevity

There is no guarantee of success in both but only past experiences is what derives the believe of investors that they will be able to Make profits investing, same as trading. The Reason for all the technical analysis is just to catch the trend and also check where bitcoin reacted to in the past, with proper risk management as stated you reducing your risk to reward which will make you profits. So with this knowledge you can definitely make Zoe
 Profits from trading.

I'm just saying that choosing to hold will help minimize our risk, I'm not saying that holding will guarantee safety and will definitely be profitable. For me, once it is called an investment and can be profitable, it can also bring risks, nothing is absolutely safe or guaranteed in any market.

We have heard many stories about people becoming rich by investing and holding bitcoin. Have you ever heard of someone becoming a millionaire by trading in bitcoin? I have never heard of any such story and that is why holding is always preferred and encouraged over trading.

By the way, when I say manipulation that includes bitcoin, without exception, bitcoin is also manipulated in the short term. But the level of bitcoin manipulation is less than that of altcoins and shitcoins.
hero member
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July 28, 2024, 03:55:02 AM
#41
I have feeling when we have one experienced trader who is taking good profit from his work will never go for any other way and leave this for investing or related things because this is one of the most interesting thing which is he doing and taking good profit.

But, we still have few other options for the peoples those love to have changes, they can bring changes by having some profit with investing as well but unfortunately this option is not attractive most crypto people.

For the peoples those are having trouble in trading and feel no comfort, they can go through for the option which is surely easy for them. but it needs good intention from them because if they do not keep checking their investments which are they doing for profit, they can also go for the lost and things can go into opposite side. So, if you are having trading or investing you need to stay always alert for keeping things well organized for your safety.
hero member
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July 27, 2024, 05:53:50 PM
#40

Even if you have all the necessary elements to be called a professional trader, there is no guarantee that you will make a profit from trading or that making a profit from trading is easy .  Because even if you use all the knowledge and skills you have, you will never be able to predict unexpected factors, or manipulate...Therefore, there will always be certain risks in trading and making profits from it is not easy .

Bitcoin is unpredictable because there are always unexpected impacts, events, or shark manipulation in the short term. Therefore, to minimize the risks from those things for ourselves, long-term holding will be a much better choice.

On this I will say there is no guarantee too that you will be able to make profits from holding too, because it’s basically a form of trading or rather prediction too but only has less risk compare to the future trading. The unexpected factors or manipulation (although this is for Altcoins)  that you mention are also in the case of holding of coin but the risk is minimal due to its longevity

There is no guarantee of success in both but only past experiences is what derives the believe of investors that they will be able to Make profits investing, same as trading. The Reason for all the technical analysis is just to catch the trend and also check where bitcoin reacted to in the past, with proper risk management as stated you reducing your risk to reward which will make you profits. So with this knowledge you can definitely make Zoe
 Profits from trading.
hero member
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Merit: 702
July 27, 2024, 03:47:46 PM
#39
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 Smiley

-Regards

I don’t have a story of my own to tell in that regard but what I think make someone that experienced as you said quit trading must have to be something huge that cannot be neglected. As an experience trader, I can’t see any possibility of you leaving trading. If you’re that experienced, you would be profitable already and if you’re already, what could be the reason you want to stop trading. It all falls back to your psychological mindset to be able to hold and be consistent in your trading that will determine you leaving or staying. Over all, what I still think is that if you’ve made up your mind to make that money from trading, you won’t leave no matter what it losses you might have gotten from there.
hero member
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July 27, 2024, 11:13:13 AM
#38
~
Cause im dumb. And impatient. Mostly impatient I guess, which lead to dumb decisions. Took a bit of time to realize but it was pandemic at the time so I had plenty of it. Stopped and took a break for like a year I think? Or a year and a half. Still looked at the market and stuff but didn't trade myself. Glad I didn't lol since I tested some of my "hypotheses" and most of them lost me money.

Ever since then I just went to DCA (when I started doing crypto again). Glad I did.
sr. member
Activity: 952
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July 27, 2024, 09:37:54 AM
#37
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 Smiley

-Regards

        -     For your information, crypto trading is very broad. If I base it on my experience, I first faced frequent losses before reaching the point where I usually get a profit.

Because even though you know a lot about trading, there are still arguments when it comes to technical analysis, which is very different when it comes to the actual trading activity itself.
hero member
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July 27, 2024, 08:47:52 AM
#36
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 Smiley

when you have difficulty getting profit from your trade, maybe you need to do something else. I was in a situation like that when trading with more experience I have led to saturation when the profit obtained is not satisfactory enough.
I didn't leave trading. because sometimes I still do it even though it's not routine, and it's more fun and I enjoy it. focus on investing in Bitcoin, and keep increasing the amount you hold. you can trade or do other activities, but ensure it doesn't interfere with your investment.
hero member
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July 27, 2024, 05:54:41 AM
#35
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?

Just look on the chart will give you an idea that a simple holding will keep you away from stress of trading while you can gain same profit or more if you will just hold without the risk of losing, only paper loss on investing.

What motivates to push holding is the experienced of being left behind right after I sold my holdings which I can gain more profit if I just hold.

If you are not so pro trader, much better to hold rather than trade blindly.
hero member
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July 27, 2024, 05:41:15 AM
#34

If they don't have good risk management and capital management, trading is simply not for them but to succeed with trading, they need more than that. Other requirements like knowledge about fundamentals, technical indicators for trading, good discipline to do well in both risk and capital management, and enough experience in the market. Maybe more and if a trader lack of many of these things, it's more like gambling, like you said, than trading.

Even if you have all the necessary elements to be called a professional trader, there is no guarantee that you will make a profit from trading or that making a profit from trading is easy .  Because even if you use all the knowledge and skills you have, you will never be able to predict unexpected factors, or manipulate...Therefore, there will always be certain risks in trading and making profits from it is not easy .

Bitcoin is unpredictable because there are always unexpected impacts, events, or shark manipulation in the short term. Therefore, to minimize the risks from those things for ourselves, long-term holding will be a much better choice.
full member
Activity: 420
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July 27, 2024, 05:24:06 AM
#33
For me, it's not that I lost big amount, it's that I can't get the profit that I wanted and it's taking so much of my time, and so yes, it's really fatiguing and not getting the results that you envisioned. So I just quit while I'm not in the a big negative losses.
Trading requires time spent for it and it can affects your time budget for other things like being active physically. Trading is not for everyone to get profit and most traders get loss, not profit. Your decision to quit trading when you feel it is not fitted for you and you can not do well trades to get profit as there are other ways to  increase your capital, gain profit by investment into good assets and Bitcoin gives you chance to invest in it, get richer with it. You only need to secure your wallet, bitcoin safely and hold it to wait profit comes passively.

Quote
And then I became a proponent of trading is not for everyone. Specially if you are not a person that doesn't like risk, you might end up making the wrong decision or simply might regret not taking this and that trade.
Trading or investment, there is always risk and you have to accept risk, take it in either trading or investment. It's just risk with Bitcoin investment is a lot smaller than risk of trading Bitcoin.

Quote
So it's not that easy as it sounds like, nothing against those who are very successful and making a lot of money in trading, then good for them. But again, it could not fit everyone as we have different mindset in terms of risk and we all know that trading is like gambling or at least they have similarities.
If they don't have good risk management and capital management, trading is simply not for them but to succeed with trading, they need more than that. Other requirements like knowledge about fundamentals, technical indicators for trading, good discipline to do well in both risk and capital management, and enough experience in the market. Maybe more and if a trader lack of many of these things, it's more like gambling, like you said, than trading.
legendary
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July 26, 2024, 05:58:03 AM
#32
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 Smiley

-Regards

For me, it's not that I lost big amount, it's that I can't get the profit that I wanted and it's taking so much of my time, and so yes, it's really fatiguing and not getting the results that you envisioned. So I just quit while I'm not in the a big negative losses. And then I became a proponent of trading is not for everyone. Specially if you are not a person that doesn't like risk, you might end up making the wrong decision or simply might regret not taking this and that trade.

So it's not that easy as it sounds like, nothing against those who are very successful and making a lot of money in trading, then good for them. But again, it could not fit everyone as we have different mindset in terms of risk and we all know that trading is like gambling or at least they have similarities.
hero member
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July 26, 2024, 05:47:29 AM
#31
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.
Truth be told, money is nothing when your health is already at risk of losing, so as much as you want to trade for bigger and sustainable profits, your body and health might become a big barrier so you end up quitting trading for good, to stay relaxed from all stress and pressures that trading is capable to bring.

This could be a very heavy decision, but if I were in that situation, health is wealth so it will always be my topmost priority. After all, bitcoin long term investing will still make you profitable in the long run, add to that that it’s less risky and less stressful compared to trading.
hero member
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July 26, 2024, 05:22:22 AM
#30
When we start trading we are very excited. There are many things about the market about coins that we don't know when we stay in the market. Sometimes we gain and sometimes we lose. However, we gain experience. If we do it, then we slowly understand the market and understand what we can get more profit in.

I don't think that people who invest and hold for a long period of time will quit trading because of a loss. This is my personal opinion. People may have different opinions. People understand the market very well and know the importance and movement of the coins, they decide that instead of taking a small daily profit, we will get more profit together, so they hold for a long time. And it's not like they quit short-time trading altogether, a trader can never quit trading if he is truly a trader, he will continue to trade.

People who lose in trading, don't really understand the market and when they lose, they never make long-term investments, they quit trading, go somewhere else, or do some other business. They will do anything, but they are not in trading, especially holding and long-term investment, they will not do it at all.
legendary
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July 22, 2024, 09:47:25 AM
#29
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?
As far as I know, those who have been involved in the crypto market or the crypto world for a long time, say those who are experienced, they will do both, trading and investing are two different things and the goal is the same as money/profit.

I personally have no motivation to stop trading and so on, I will do both, the motivation is embedded in me to do both investing and trading.

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
As I said above.

Maybe you followed the advice of your friends and quit trading
No advice, friends are friends, look for food, don't bother, that's my principle, friends can't make the decision to stop trading for us, but at this moment, no friend has given me advice to stop, that's my one hundred percent right.
hero member
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July 22, 2024, 08:20:03 AM
#28
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.
That is not a bad decision, trading could put a toll on someone's soul, and long term investment is easier, and gives you a profit anyway. The reality is that spending that much time on ANYTHING would be bad, it is not just about trading. But the amount of time trading requires you to do, while you just get around, is not an easy choice and should be something that will take a while, I would highly suggest that you do not deal with anything like that, because 99% of traders end up in big frustrations alone.

The amount of time we are giving to concentrate for profits in trading, definitely will not pay in equal proportion. But, the patience we have on investments definitely will have better influence in returns.
legendary
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July 21, 2024, 09:42:15 PM
#27
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 Smiley

-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.
sr. member
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July 21, 2024, 07:11:28 PM
#26
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 Smiley

-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
legendary
Activity: 2716
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July 21, 2024, 03:44:45 PM
#25
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 Smiley

-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.
sr. member
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Playbet.io - Crypto Casino and Sportsbook
July 21, 2024, 02:02:06 PM
#24
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 Smiley

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.
legendary
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July 21, 2024, 12:56:22 PM
#23
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.
legendary
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Top-tier crypto casino and sportsbook
July 21, 2024, 12:53:09 PM
#22
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.
sr. member
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Baba God Noni
July 21, 2024, 12:01:57 PM
#21
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.
hero member
Activity: 2702
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Nothing lasts forever
July 21, 2024, 11:04:28 AM
#20
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 Smiley

-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.
hero member
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July 21, 2024, 09:47:30 AM
#19
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 Smiley

-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.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
July 21, 2024, 07:47:08 AM
#18
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.
hero member
Activity: 1190
Merit: 901
Livecasino.io
July 21, 2024, 07:04:15 AM
#17
Any stories are interesting Smiley

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.
sr. member
Activity: 1204
Merit: 486
July 21, 2024, 06:50:16 AM
#16
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 Smiley

-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.
legendary
Activity: 2408
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Leading Crypto Sports Betting & Casino Platform
July 21, 2024, 04:52:42 AM
#15
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.
hero member
Activity: 2520
Merit: 783
July 21, 2024, 02:32:23 AM
#14
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.


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 Smiley


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.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
July 21, 2024, 01:43:08 AM
#13
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 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.
full member
Activity: 784
Merit: 115
July 20, 2024, 11:05:09 PM
#12
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.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
July 20, 2024, 06:58:08 PM
#11
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.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 20, 2024, 06:33:36 PM
#10
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.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
July 20, 2024, 05:54:26 PM
#9
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
hero member
Activity: 714
Merit: 521
DGbet.fun - Crypto Sportsbook
July 20, 2024, 03:57:55 PM
#8
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.
hero member
Activity: 1540
Merit: 772
July 20, 2024, 03:49:05 PM
#7
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 Smiley
Hey tajimas. Since long ago, no trading pattern has been easy to apply. Even when we spend a lot of books on trading that are read, we are still not always in the TP position.
I did not stop, but I have limited the time with trading by choosing the type of coin that is analyzed to increase in a moment even though the increase is only 2%.
Learning from my own experience with trading, I decided to just invest. If it is called holding, yes, that's me.
There is no interesting story from trading because it involves losing money.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
July 20, 2024, 02:06:45 PM
#6
When I started learning how to trade, it was very difficult, and after acquiring a little experience, it took me some weeks before I encouraged myself to put in real money, and after I did, I made some profit but finally lost it all, including my capital too. I took a break from trading for months, but I didn't stop practicing, and when I realized I had become better, I invested again, and up until today, I still trade so often. In trading, you have to be ready for it before going into it; you don't just go in without first learning how to minimize risk to enable you to be more profitable. No determined person would want to quit trading. Except it's for some personal reasons, such as not being able to raise capital to start trading again or not being able to bear huge losses, fear, etc. 
legendary
Activity: 1204
Merit: 1005
July 20, 2024, 01:46:34 PM
#5
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 Smiley

-Regards
LOL, if an experienced trader is already able to earn income from their trading activities, I think they will not stop doing it, to the point of making venture capital or even financing a project to invest much deeper into the core team.

They will not stop before they have an auto pilot business that has a very large turnover of money, I am not very experienced but I think humans who think business in the world of trading will have the same goal character, as long as they can still make a profit, they will not stop unless maybe they are already very satisfied with the money to support themselves.
legendary
Activity: 1960
Merit: 3107
LE ☮︎ Halving es la purga
July 20, 2024, 10:19:35 AM
#4
Hey! I don't have my up-to-date experienced trader's license, but I still answer you, by the way,  how we approach things, that is, the worst advice can come from experienced traders who have not been successful, trading is a lived experience that allows you to have an extra income, or main income, traders do not always They withdraw because they have bad experiences or simply end up in the red.

Not having profits does not mean having to be a disaster, just that your losses were a number, and that number, whether it is in positive or negative return positions, can mean "I'm quitting."

The individuals believe that if they leave with 10%, or %90 loss,  it is death (e.g.), then you have a margin on the other side of the coin, ROI +10% and +90%, then, Either one is a good excuse to say goodbye. Trading is one of those activities that, whether you are on the winning or losing side, bends (tilt) you. It's good to take vacations when you trade, that's all.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
July 20, 2024, 08:15:55 AM
#3
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.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
July 20, 2024, 07:40:49 AM
#2
Psychologically, no one can quit trading because of someone advising him to quit. The main reason a trader quits trading is because of losses of money from trading. You can see how painful it is to work hard for money and lost the money. If used for trading, trading will take the person's time and make the person exhausted many times but the person continue to lose. If the losses continue, nobody will later advice the trader to quit trading before he will know it is a wise choice.

Another long term losses someone can quit trading is if he continues to lose in trading but later got married and having children. He will know he has to quit to be a reliable and a responsible father. To quite trading would be a wise choice for this kind of person. This is in accordance to some researches.

The reasons most people quit trading are losses, long term losses and having more responsibility in the family like becoming a husband and a father.
full member
Activity: 275
Merit: 109
July 20, 2024, 07:25:00 AM
#1
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 Smiley

-Regards
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