Stop or continue trading - page 11. | Bitcointalksearch.org

Vaculin

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Winding down.

Quote from: Hamphser on December 22, 2021, 03:47:39 PM

Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Having a break is a must when you do lost big time on trading but doesnt mean that you would really be quitting just because you had lost. Come to think that losing is inevitable and you should put up into that on your mind but if you do find out that it isnt already effective nor beneficial to you then its better to quit for good.

Just dont be on haste when you do make out such decision because learnings do really comes from real experience.You would really be making yourself a lot better than before

just only be sensible on remembering those mistakes and trying to avoid in next time dealings.

You know that its always better to stop trading if you keep on experiencing losses and becomes unbearable for you. But it does not mean that you won't give yourself another try hoping you will do better this time. If there is progress, i think with different experiences it will make you a good trader in the making. But if you tried again and still keep failing, one thing is sure, you won't be a good trader but maybe a profitable investor may do.

Hamphser

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Having a break is a must when you do lost big time on trading but doesnt mean that you would really be quitting just because you had lost. Come to think that losing is inevitable and you should put up into that on your mind but if you do find out that it isnt already effective nor beneficial to you then its better to quit for good.

Just dont be on haste when you do make out such decision because learnings do really comes from real experience.You would really be making yourself a lot better than before

just only be sensible on remembering those mistakes and trying to avoid in next time dealings.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Can you afford to lose more? Then sure. Continue your trading. Use your previous experience to trade better. Learn from the mistakes you have made. If you keep on making loss, then you are repeating the same mistake. Try to figure out want went wrong. You will eventually understand everything and get better. Giving up won't get you anywhere. On other hand, if you can't afford to lose anymore, then forget about trading. Its risky. Better to save more and then get back to trading.

Issa56

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Seriously I really want you to learn more about the basics of cryptocurrency trading before going back to it because am always very sad whenever I see people losing money constantly in Cryptocurrency trading, I know is not really easy to get capital to start trading so I know how painful it is losing the money again because I also lose lots of money when I also started trading. Make sure you learn the basics of trading and make sure you get a trading strategy that will work for you.

Botnake

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Quote from: Silberman on December 22, 2021, 01:45:33 PM

Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

That is your problem, you feel that you should go back and trade the markets but you need to be honest to yourself, during this time you have been away from the markets what have you done to improve whatever strategy that you are using, assuming you are using one? If you have done nothing to improve what you were doing then you are going to get the same results you got before, and in that case I will recommend that you never trade again as you do not have what it is necessary to become successful in any market.

The final decision still lies in your own hands. If you want to grow more and you did a lot of preparations just to regain all your losses, then you deserve to take a second chance. But if you are still in doubt because you know you will be repeating the same mistakes again, then better, do not come back to trading again as it will only mean more losses to come. Trading can be tried by everyone but not all those who tried end up being successful.

blatchcorn

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"Sometimes holding on gives more damage then letting go."
If You're Day Trading, You Will Probably Lose Money: Here's Why.
One has to accept the fact that crypto trading is not for everyone. You need years of experience (which definalty comes at expense of spending time, bearing loss and more). If you are new to trading then spend some time learning things like FA/TA, Charts etc. One more thing is never jump with huge capital straight away, "invest as much as you can afford to lose"

Silberman

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

That is your problem, you feel that you should go back and trade the markets but you need to be honest to yourself, during this time you have been away from the markets what have you done to improve whatever strategy that you are using, assuming you are using one? If you have done nothing to improve what you were doing then you are going to get the same results you got before, and in that case I will recommend that you never trade again as you do not have what it is necessary to become successful in any market.

palle11

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

This is important to you. A break is a time you give to yourself to evaluate how you have traded (your strategy), how you have made profit the times that you did, how you have made losses. If you have asked yourself this question and answered it then I will ask you this:

How do you manage your risk appetite?

Do you use stoploss when you are trading?

Do you rush into any opportunity looking good to you without proper analysis?

Some of these questions may be the reason for trader's losses, so do a proper evaluation and you can begin with demo account to practice more and build confidence. When going live again, trade with small capital.

ReiMomo

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Duelbits - $100k Bonus/week

Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

This happens with all traders. Loosing is part of the journey in trading. Only the thing is when you invest next time, you use your experience. You might know where you have gone wrong. So mainly do not repeat it. Be patient and analyze the market and the right coin to invest in. Kindly do not borrow and invest. Just its ok to even invest a hundred dollar and slowly grow with it. But do not quite. Learn from your mistakes. Move on.

Mamun74

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I think, It's totally depends on you. Every mistakes or loses Learn with better things. Do you learn you big loses?If you better learn Then yoi don't leave with trading. You should most valuable and choose good coin for trading. When you start trading Then need patience and control Your emotion.i Think you should back to trading.

xSkylarx

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

I'm not saying that putting money into an account and starting trading is a bad idea. Others learn from hard mistakes, such as losing everything, as you have, but this is just a piece of advice: don't deposit any money yet; instead, practice your strategy and improve it so that you have a better chance of winning a trade. Also, don't give up if you want to trade; we start at the bottom and work our way up. I have a lot of friends who are casual traders or day traders because they have jobs. They lose a lot of money, but they keep going because your winning trades outnumber your losing trades over time.

Hobo66

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Trading provides a very distinctive methods through which people frequently make capitals as due to corona pandemic everyone is in hope to explore the good job but they do not find it. Trading is the only way by which humans can earn their income and can easily attain their daily necessitate so there will no person which will desire to stop trading because it is a great technique of making capital.

Ararbermas

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

you're already in it so must continue mate. Never give up!. you lose because it means you still lack of knowledge how you can succeed in it..learn more and stick which very effective strategies wherein never look for an easy way to get more profits because it's not existing when it comes trading so you must have patience as well.. Always backtest your strategy so that you will become comfortable every time.. Leason learn from your mistakes because it's part of the game and indeed no one can skip such experience. So i suggest always educate your self to have an improvement.

Tellek Garing

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You points are confusing trading new coin what do you mean by that, well trading have to do with technicalities and once you lack the technique then you can not make any profits in trading.
Going forward I will advise you develop a formula to follow in that way you don't just rely on luck.

Oshosondy

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Gamble responsibly

Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

That is trading, some people can be addicted, trade more, lose and trade more to lose the more. I will advice you to stop trading for now to build a quality mindset. First learn more about trading, it is very risky, learn more in a way to avoid losses and gain more than losing. Stop trading entirely for now or you may lose more until you lose all your money.

Nahl

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Quit or not it's up to you but if you feel want to comeback then make your lost as your reference for next trading because I'm sure you don't want to loss anymore and don't take you risk again by spot trading on new coins because it's totally risky especially the coins which have low volume of support and also the market still bearish still hard to get decent profit from it

bittraffic

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Quote from: mk4 on December 22, 2021, 07:48:21 AM

Totally up to you. But let me ask you, do you think you actually made progress in learning about trading after your loss? Because if you learned nothing, then you're probably doing things wrong. On the other hand, if you think you made progress, then you should at least be slightly better the next time you trade.

Its a matter of courage to get up again and trade and this time if he indeed learn from the past then he is not trading as newbie but somehow has experience in it.

But if he just trade again without learning from the past experience then its probably just as gambling in a game base on luck. The more he loses even when he is just in the spot market trying to accumulate.

blockman

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Quote from: BIN-BIN on December 22, 2021, 07:35:57 AM

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

How much was that all capital that you've lost? If it's just a couple of hundreds then you can still proceed if that amount is bearable to you. But if that amount is thousands and you think that it's already a lot. You can still try to recover it but with a little by little strategy.
So, if ever you lose again, you're not going to have that much loss as that's what you're trying to avoid.

Jawhead999

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I don't understand why you use new coins for trading? IMO when you buy a new coins, you're expecting pump x10 and above due to hype or you could staking to earn more coins without trading. It's useless if your trading is successful, but your coins value dropped hard.

My suggestion stop trading with new coins, better to choose more known altcoins, at least it's a bit safer for the coins value.

Wexnident

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I don't request loans~

Few prerequisites to continuing. Do you still have enough to start a new capital? Do you think you learned something from your past trades? And are you again ready to lose all your money in the trades you would do? And other than those questions, it's really up to you whether you want to continue trading or not. As you've probably experienced, trading is quite a stressful thing that doesn't necessarily reward you all the time. So it's up to you, then if it is, ask those questions, and if it's still okay then go trade. It's your choice, your capital anyway.

Topic: Stop or continue trading - page 11. (Read 1200 times)