Stop or continue trading - page 7. | Bitcointalksearch.org

Hamphser

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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.

savetheFORUM

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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'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.

crzy

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Quote from: Gosgosking on December 27, 2021, 01:37:26 PM

You have a good zeal by not giving up despite all the huge loses but before you go back into trading try as much to learn more about trading as to reduce the rare of lose. Don't go back without updating your knowledge about trading. Since you still have the urge to trade go for it, but learn first.

That’s a good mindset to become a good trader, never give up and of course I agree on improving yourself first before anything else because when you have a good trading knowledge, you can be more profitable. At least OP still have the money to use as capital, learn from your mistakes and continue to move forward, you can recover that losses later on.

Smitty Werben Man Jensen

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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

It's better that way but it only stops trading temporarily and it depends on each person because everyone has the right to make decisions for himself,
investing in coins that have strong potential and fundamentals is good for the long term but indeed to make a profit we have to be patient

boyptc

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Quote from: ?? on ??

In such cases, I would advise you to initially start working on a demo account. Now it's certainly too late to say, but still.

You don't need demo account if you're already trading. But yeah, maybe in some cases that's what you need for you to keep going on.

Sometimes there are the times that you need to relax and go with the demo accounts just for you to do some strategies using it.

lixer

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Quote from: Gosgosking on December 27, 2021, 01:37:26 PM

You have a good zeal by not giving up despite all the huge loses but before you go back into trading try as much to learn more about trading as to reduce the rare of lose. Don't go back without updating your knowledge about trading. Since you still have the urge to trade go for it, but learn first.

I agree it's important to realize that trading isn't for everyone. There should be no shame in accepting that fine trading doesn't work for me so I will try to do something else that works well for me. I am not saying OP is egoistic but I have seen people who can't digest the fact that they are not good at something and they will try and prove others that they're good by continuing doing the same thing.

You are losing money in trading = stop, simple as that. Do you feel you made a particular mistake and you can improve? Fine, resume trading but make sure the mistake is eliminated and new ones are not coming in.

Gosgosking

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You have a good zeal by not giving up despite all the huge loses but before you go back into trading try as much to learn more about trading as to reduce the rare of lose. Don't go back without updating your knowledge about trading. Since you still have the urge to trade go for it, but learn first.

EdenHazard

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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

+1

while HODLing .. you could also level up your trading skills by using demo account with the amount you used to trade , so when you feel ready and got the skill leveled up .. you might doing better trade than before.

or

you could simply HODL ... forget it for a while and come back later in few months or years to see whether your investment grow or not.
completely stay away from trading if you feel you keep on getting losses after losses , that could be an addiction coming to you , wondering things that you couldnt afford thst could be dangerous more to gambling at the end of the day.

Furious 7

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Quote from: Pamadar on December 27, 2021, 09:21:18 AM

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

If you have good instinct and it's backed by good knowledge within the business, the chance is better,

But if you are unsure and you are not comfortable, it's tough to go and do the trade. Fear or greed will lead you to lose your money,
much better to hold while analysing the situation.

You need to work deeper in dealing with your good research. From your knowledge, you'll be able to decide the right way.

Just decide which option has more knowledge, whether in trading or holding, if you don't want a big risk for me, you have to be a holder because a trade requires more detailed knowledge in its analysis.
Even if you don't want to lose a lot of money, just put a cutloss in your trade so the target has been set, but there will still be a small loss.
For me instinct and knowledge are the main capital to become a holder or trader.
Pretty sure in your heart choose the coin to be determined.

Pamadar

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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

If you have good instinct and it's backed by good knowledge within the business, the chance is better,

But if you are unsure and you are not comfortable, it's tough to go and do the trade. Fear or greed will lead you to lose your money,
much better to hold while analysing the situation.

You need to work deeper in dealing with your good research. From your knowledge, you'll be able to decide the right way.

elisabetheva

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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

I think a good advice where the current situation is not good is to prioritize what to do and hodl is the best way to wait for the situation to start to improve again and be able to make further trades. because by way of emotion and lust will make the way of thinking so it can no longer control itself.

there is still time to be able to trade if indeed the situation has improved, there is always an opportunity for the patient and painstaking to be able to see the situation in a good way.

Slow death

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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

stomachgrowls

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Quote from: Cling18 on December 26, 2021, 11:00:47 AM

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.

If you're continuously losing then take a break and have enough time to double-check your trading mistake. You should analyze your wrong moves so you'll learn how to correct them. We aren't always lucky in trading but having enough knowledge is still an advantage. You should notice your weakness in trading so you'll know how to turn it into your strength once you return back to trading.

Having a break wont really be a bad idea because not all days in trading days would really be sunny day.There would always comes an unfortunate days on which you would really be losing that much

on where it do comes into a point on where you would really be giving up and thinking that would completely stopping for good but its not always been the best solution because
losses are part of learning and part of trading.Its impossible for someone who would really be making profits on constant basis.

Thing here is that you do learn up from those mistakes and making yourself a far more better compared into the past in regards with your own skills.

kawetsriyanto

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Did you ever evaluate what you have done in your trading? Basically, each person should have a chance to master trading but it depends on how they are doing it. You need to learn a lot and practice, but evaluating is also a necessary part to succeed. You must deal with the problem that makes you lose your capital or fail in trading. If it is about an unsuitable strategy or an improper strategy, so you must change your strategy. But if it is about bad coin selection, then you need to be more careful in analyzing those coins before buying them. Don't only focus on how good the price increase of that coins, you also need to consider the best time to buy them and how good the market trends. (For a short-term goal)

Cling18

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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.

If you're continuously losing then take a break and have enough time to double-check your trading mistake. You should analyze your wrong moves so you'll learn how to correct them. We aren't always lucky in trading but having enough knowledge is still an advantage. You should notice your weakness in trading so you'll know how to turn it into your strength once you return back to trading.

Alisha-k

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So sorry about your loss OP, but how manage you still losed your capital in spots trading, that may have been a very bad signal you followed then because it's usually almost impossible to lose money in spots trading.

It's fine though, you've taken a break and sincerely that was the best thing to have done at that time, now I'll advice you go back and acquire a little more knowledge, ask questions where you find difficulty and learn from the mistakes you made in your last failed trades, if possible, I also advise you get a coach or mentor, it'll help your growth process a lot.

All the best.

palle11

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Quote from: martina14 on December 24, 2021, 11:50:37 PM

Are you asking the other traders here in the crypto space or it is about yourself as an individual trader?
Because for me as one of the traders here in the cryptocurrency industry, there's no reason for me to stop due to
how will I stop if I know to myself that I am obtaining profit by doing trade activity in the cryptocurrency.

He is asking for help probably he is confused about what to do. Of course like you said, nobody would think of or consider to leave the line of business that is fetching money but Op is going through loses like many traders have experienced and came out from. It is for him to look at his trading knowledge and skills to understand if they are the problem for him or is just his emotion that is his problem.

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Quote from: qory on December 24, 2021, 09:42:51 PM

Take it easy, try to rest or have a break so you'll refocus your mind. I've seen a lot of this kind of urge and it turns out not that really good so I suggest that you should just take a break before thinking of investing again and take risk on trading, after all you just have lost a huge amount.

When you're burned out in trading. The best thing to do is what you've said. Take your time, rest and focus in trading.
If you've missed some times that you should've bought, wait again for that time and set your goal of doing that. Because it's only you that can correct that missed opportunity so that it will come to you.

dbc23

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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.

Everytime you lose funds to trading it should be a clear indication to revisit your analysis. Get updated on what caused the loss other than just taking a break and after a while you return to trading without any proper study on recent happenings in the market and what candle caused the market to move in the opposite direction. Loss is part of the business when it comes to trading but if you must keep losses minimal you must keep on updating your knowledge

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Quote from: panukurap on December 24, 2021, 09:02:36 AM

Incredible enthusiasm, after two failures you still don't give up trying to try again. My advice is that you analyze what mistakes you made so that you experience losses. It could be that the 2 losses that you experienced fell in the same hole. Therefore, you have to look for these mistakes so they don't happen again. I hope your third attempt will get a fantastic goal to pay for all the losses you have experienced.

Exactly my point always try to stop and analyze any time one witnesses failure in any adventures in other to reflect and strategize for the next move, trading is a technical business so if you don't manage it well one may run into losing severally.

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