Stop or continue trading - page 6. | Bitcointalksearch.org

Sled

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Quote from: Maslate on December 29, 2021, 06:00:27 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.

Don't give up if you believe that you can make it. Not everyone succeeds right away, some people failed at the very beginning of their journey but they work hard to develop their skills until they finally succeeded. Be inspired by other individuals who are successful in trading, because once you are successful, there's no more stopping your from earning unlimited amount in crypto.

Even though we have that spirit, this never saves us if we are naturally not destined to become a trader as in the end, no matter how hard we tried it we still lose. It is sometimes we have to accept that trading is not for everyone and we have nothing to force ourselves then.

Well, to have at least 5 times attempt I guess it was enough to know ourselves if we have the chance to succeed but if not, we'd rather have to stop and just move on as this means that this is not the right place for us.

Coin_trader

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Quote from: savetheFORUM on December 30, 2021, 03:06:25 PM

Quote from: Slow death on December 26, 2021, 06:25:55 PM

my advice is that you don't trade again, go hodl, the instant you lost all your capital when you come back you will be focused on trying to recover your capital and in this crypto market it is difficult to day trade, the most recommendable is to do hodl, so don't do day trade, do hodl, you won't lose your money, of course you will have to be patient, but in the end it will make up for you

Yeah, it's just like gambling. You trade more and you end up digging a bigger hole for yourself to cover up later and that never happens, at least not in gambling. Instead of keep trading, we must stop and start self-analyzing to find out where is the actual problem. If we are able to spot out the root-cause of losses then we should find a solution to fix it.

Trading only turns into gambling is when a person don't do a risk management and only trade via instinct alone. Many user got rekt because of leverage trading and investing on PnD shitcoins which is a real gambling and not trading at all.

You will never loss 100% on trading unless you are doing it in a risky way. Typical behaviour of newbie is to chase the loss by entering on a very volatile asset to expect a high return in a short period of time.

Finestream

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Quote from: iv4n on December 30, 2021, 03:37:04 PM

Quote from: zulfi125 on December 30, 2021, 10:02:40 AM

As you told me you have lost your capital, I suggest if you don't learn from your capital loss then you don't need to start again trading but if you learned a lot from your loss then you should try again and before starting again you should learn about technical analysis and don't invest in any altcoin new in the market.

I believe this should be the bottom line of this entire discussion! We all face mistakes and losses, but will we continue or quit depends on did we learn something, can we do it better, are we ready to risk and maybe lose once again? It sounds like a learning process, and it's common for all of us... we either learn from our mistakes and after fall we rise and try again, or we quit and look for something else! So OP should think about where he is and what is best for him... nobody can do that for him!

Exactly. The final decision will only rely based on how you weigh things right. If you think you are now eager to learn more about trading so you need more trading experiences that will serve as your teacher. Quitting is not the best option since it will never regain all your losses. But stand up once again and prepare yourself for another batch of gains and losses as trading is that all about. But this time, make sure to learn from all your mistakes so you can start maximizing taking profits and lessen the chances of losing.

iv4n

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Quote from: zulfi125 on December 30, 2021, 10:02:40 AM

As you told me you have lost your capital, I suggest if you don't learn from your capital loss then you don't need to start again trading but if you learned a lot from your loss then you should try again and before starting again you should learn about technical analysis and don't invest in any altcoin new in the market.

I believe this should be the bottom line of this entire discussion! We all face mistakes and losses, but will we continue or quit depends on did we learn something, can we do it better, are we ready to risk and maybe lose once again? It sounds like a learning process, and it's common for all of us... we either learn from our mistakes and after fall we rise and try again, or we quit and look for something else! So OP should think about where he is and what is best for him... nobody can do that for him!

savetheFORUM

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Quote from: Slow death on December 26, 2021, 06:25:55 PM

my advice is that you don't trade again, go hodl, the instant you lost all your capital when you come back you will be focused on trying to recover your capital and in this crypto market it is difficult to day trade, the most recommendable is to do hodl, so don't do day trade, do hodl, you won't lose your money, of course you will have to be patient, but in the end it will make up for you

Yeah, it's just like gambling. You trade more and you end up digging a bigger hole for yourself to cover up later and that never happens, at least not in gambling. Instead of keep trading, we must stop and start self-analyzing to find out where is the actual problem. If we are able to spot out the root-cause of losses then we should find a solution to fix it.

Success in trading might be possible only after a long process hence we should not hesitate to go analyzing everything to make ourselves more versatile in cryptocurrency trading.

ReiMomo

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Quote from: Pamadar on December 30, 2021, 11:48:39 AM

Quote from: Sebas.tian on December 30, 2021, 01:33:30 AM

Quote

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 will advise you not to trade your coins now because many traders has lost a lot in this season of celebration that is causing many to ask their selves why losts in this period of profits making. Start trading from next year since many coins are preparing to increase in the exchange market, it will help many traders to recover all their losts in this month of December. Since you decided to give yourself a break, it will be better to start trading from next week because market will definitely change hand for traders to smile again in the market.

Starting a new will allow you to cope up with losses, try to focus and make a use of your time while taking your break.

Trading with unpredicted market sway only leads you to lose your money, it's a tough to compete with your emotion when
dealing with unsure market.

If you choose to move forward, just use spare money and not to invest any amount that you are not willing to let go..

Yes, I have learnt the same. When I am in loss, its advised to invest extra / spare amount if available to average or balance the loss. And yes this will certainly help to at least take off the invested money without loss but yes need to wait for days to average and close off the trades. Never give up on things you really like and love so. Learn from the mistakes made earlier and yes know how not to repeat the same error.

blockman

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Quote from: MFahad on December 30, 2021, 10:59:38 AM

Crypto trading is looking dangerous in these days. New years is 2 says away from us and market is Volatile. Trader should wait for some days. They will get Opportunity to make profit once market get stable. Trading in these days are totally risk.

It's risky and only dangerous for someone that doesn't have knowledge that's looking for a 1000x gain quickly.
Honestly, on these days, these are the days that are good to buy and if someone doesn't like the market situation, it's better for him to stop and don't look at the opportunity. Because this opportunity could go against with what he's planning and much better if he just kept himself silent doing things that he like.

Pamadar

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Quote from: Sebas.tian on December 30, 2021, 01:33:30 AM

Quote

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 will advise you not to trade your coins now because many traders has lost a lot in this season of celebration that is causing many to ask their selves why losts in this period of profits making. Start trading from next year since many coins are preparing to increase in the exchange market, it will help many traders to recover all their losts in this month of December. Since you decided to give yourself a break, it will be better to start trading from next week because market will definitely change hand for traders to smile again in the market.

Starting a new will allow you to cope up with losses, try to focus and make a use of your time while taking your break.

Trading with unpredicted market sway only leads you to lose your money, it's a tough to compete with your emotion when
dealing with unsure market.

If you choose to move forward, just use spare money and not to invest any amount that you are not willing to let go..

MFahad

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Crypto trading is looking dangerous in these days. New years is 2 says away from us and market is Volatile. Trader should wait for some days. They will get Opportunity to make profit once market get stable. Trading in these days are totally risk.

zulfi125

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As you told me you have lost your capital, I suggest if you don't learn from your capital loss then you don't need to start again trading but if you learned a lot from your loss then you should try again and before starting again you should learn about technical analysis and don't invest in any altcoin new in the market.

tygeade

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Quote from: Sebas.tian on December 30, 2021, 01:33:30 AM

Start trading from next year since many coins are preparing to increase in the exchange market, it will help many traders to recover all their losts in this month of December.

That is just a speculation which not having any guarantee about the turn around of the market in 2022. I mean if you are facing continuous losses then you should focus on improving your strategy so that you will start your progress of recovering your losses rather than anticipating the market conditions to favor you (sometimes, your waiting may go infinite which is the reason fixing immediately is recommended).

A good strategy must be capable of getting you profits in all market conditions hence bullish or bearish market conditions are least bothered for a technically skilled trader.

Sebas.tian

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Quote

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 will advise you not to trade your coins now because many traders has lost a lot in this season of celebration that is causing many to ask their selves why losts in this period of profits making. Start trading from next year since many coins are preparing to increase in the exchange market, it will help many traders to recover all their losts in this month of December. Since you decided to give yourself a break, it will be better to start trading from next week because market will definitely change hand for traders to smile again in the market.

Maslate

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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.

Don't give up if you believe that you can make it. Not everyone succeeds right away, some people failed at the very beginning of their journey but they work hard to develop their skills until they finally succeeded. Be inspired by other individuals who are successful in trading, because once you are successful, there's no more stopping your from earning unlimited amount in crypto.

bhooscream

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I will consider at all about this. About my ready ways when I probably lose my capitals. Or should I really be able to accept the loss? And if my caoitals are free money, I will continue ttrading but with some notes. I will always try to understand and think why I lost much oreviously. Or even I will think from the lesson I got previously.
I know that continue trading may be difficult moreover because we sometimes feel panic of sell and buu. Be careful if we start continuing to trade. Be wise enough even we have still much capital.

livingfree

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Quote from: RILWAN on December 29, 2021, 01:54:40 PM

I will also advise you to stop trading at the moment as you are already losing and it will be a dangerous thing to continue trading because that can lead to an obsession which is also a bad trading habit. Take some time off trading and learn more trading skills before returning to it. I wish you good luck.

Those moments that he is losing, there goes the lessons that he can apply to his next trades.

But if there's no other good reason for him to continue and it's better to stop, just stop. You can trade again whenever you want when you feel comfortable.

It's sort of taking your time first before continuation, you just have to make it right.

RILWAN

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I will also advise you to stop trading at the moment as you are already losing and it will be a dangerous thing to continue trading because that can lead to an obsession which is also a bad trading habit. Take some time off trading and learn more trading skills before returning to it. I wish you good luck.

stomachgrowls

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Quote from: carlisle1 on December 29, 2021, 05:39:26 AM

Quote from: Hamphser on December 27, 2021, 05:22:26 PM

Quote from: savetheFORUM on December 27, 2021, 04:54:35 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's called addiction my friend. Some of us think that addiction is for gambling only but it can be for anything especially when there is potential money gain involved. You must not trade again until you natural feel to trade and I would suggest you to open a demo account and work on your trading there because while addiction is bad, I think it may be just your passion for gambling and if you channel that energy into the right direction, you can do wonders.

Addiction could really be applied on everything specially on things that do deal off with money and i do agree with that demo trading suggestion but for sure they wont really get interested since it doesnt really involved

real money which means that they wont really be making such action. Stopping would be the best solution if you do find out that you are impulsive on making out decisions because it is depending on someones passion

whether he decides to continue trading or would completely stop whatever reasons he do have on his mind.

Topic: Stop or continue trading - page 6. (Read 1202 times)