Stop or continue trading - page 8. | Bitcointalksearch.org

martina14

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

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.

taufik123

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What compels you to return to trading is your greed, not your desire to get better. how much capital you use it will only run out and continue to be lost, because you don't develop trading knowledge and don't learn better.

All control is in you. Technical analysis, Fundamental as well as capital and risk management you determine.

Kemarit

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

We can't decide for you mate, the final decision is yours. Do you think it's logical to come back after a huge lost? Or try to make it easy for yourself and sit down and see where it went wrong on your end? At the end of the day it's your money, but if I'm in your shoes, I will stay out of the game for now and enjoy and spend the holidays with my families so not to stress yourself at the end of the year.

Maybe next year, when you are rejuvenated and everything, then maybe you can start trading slowly again and win some and not make the same mistakes again.

qory

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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.

freedomgo

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Quote from: Emitdama on December 24, 2021, 11:55:50 AM

Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

What exactly is making you feel that you should return and start trading again? Have you taken your time to gain knowledge about trading and how to perfect yourself? Because if you’re still your same old self that lacks knowledge on how to trade in the market, then you would still be coming back to make the same mistakes that you have made before.

So my advice would be that now you’re still away from the trading, you should take your time and learn everything you have to know, learn everything that is necessary to make your trading a success before you come back and start trading. Whenever you feel you have learnt enough, then you can start again. And don’t start with a huge capital like you did before, this time around you should start with a little capital and see how far you can go. If you’re able to prove to yourself that you are really good enough, then you can be increasing the capital a bit by bit.

You are right. Don't rush in trading OP as you need to be well equipped with knowledge and strategies first before you do trading again. Its better to assure yourself first that you can do more good today than what you've done in the previous. Start with a small amount first so that if you still lose again, you will never lose that huge amount. And if you see your strategy may be the problem, then stop using it and make sure to have a better strategy that you think will fit for you.

Emitdama

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

What exactly is making you feel that you should return and start trading again? Have you taken your time to gain knowledge about trading and how to perfect yourself? Because if you’re still your same old self that lacks knowledge on how to trade in the market, then you would still be coming back to make the same mistakes that you have made before.

So my advice would be that now you’re still away from the trading, you should take your time and learn everything you have to know, learn everything that is necessary to make your trading a success before you come back and start trading. Whenever you feel you have learnt enough, then you can start again. And don’t start with a huge capital like you did before, this time around you should start with a little capital and see how far you can go. If you’re able to prove to yourself that you are really good enough, then you can be increasing the capital a bit by bit.

rahmatrf331

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

do you feel you have learned the trade? if not you better stop because it will cost you more.
from what you have been through you must be able to find a way so that things do not happen again that make you lose money so that when you decide to return to trading it is not just your desire or lust but indeed because you already have trading knowledge and can definitely take advantage.

investing for trading is not an easy thing to read market price signals as expected, but choose a coin that recovers quickly such as bitcoin, ethreuem and several other top coins. choosing the right coin to invest will reduce the risk of big losses for you.

sarmrakib

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Trading is not an easy to earn .We all know it is so risky if you don't have the proper knowledge behind it you will loose everything for sure .You have mentioned that you have lost enough fund i am really confused that you may not have the proper trading knowledge .You are so risky point as well cause you have lost enough and have take a break after that you want to come again with huge fund .You can really loose this as well .So that i think you need to study on different strategy ,it will be good if you can make it yourself after that you have to come with small fund and when you got your experience high, you may come with huge fund .Don't follow other signal you may loose your fund as well .So don't do hurry on everything become patient to get your profit and don't become panicked to sell your asset .Think before again to put huge amount of capital on investment .

lenovop-70

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If you want to return to trading, it could be your passion, but if you decide to return, of course you need to be more careful so your lost of money does not go to waste.
Trading is like what you see, sometimes we gain and lose, but in this case, you certainly make a fatal mistake so all your capital runs out.
My advice, stick to strict money management, also manage your emotions and don not rush to entry and out, that's all, hope you are lucky.

panukurap

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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.

VanityWallets2015

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Quote from: AmoreJaz on December 23, 2021, 11:33:37 AM

he needs a brainstorming session with himself before he goes back to trading. ask himself, what went wrong and why? you are right that he may be vulnerable this time, and of course, he wants to recover his losses. if he will not be cautious with his actions, he will incur more losses. so he needs to contemplate on things before moving forward. but i won't suggest giving up. this is just a start of many lessons in crypto trading that he will encounter in this journey.
if he decide to continue, he will be grateful of his decision later on. but something needs to change in his tactics.

You are right. OP could take all the time that he needs to think, contemplate and set what will be his next goals and plans. OP could even rest for some time but no quitting. Giving up is never the answer if one has encountered unfortunate experiences, because success cannot be achieved without continuing and moving forward.

arbifahrozy

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Trading is not so bad if we know main thing about trading and try to take all enteries in parts and also in dip it's sure market movement not good this year but we can get a profit in short term

michellee

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

Taking a break will be necessary, no matter what your result is. If you already lost from the last trade, maybe it is time to break and leave the market for a while or learn more about the analysis so when you come back to the market, you get something that can help you make a profit. I think the mistake is that you trade on some new coins that will be difficult to analyze and expect more with the coins. But unfortunately, not many new coins can give you big expectations and give you a chance to make a profit.

If you have already taken a break right now, that is good. But if it's not, you need to take a break and enjoy your time. Maybe coming back after the new year will be good.

teosanru

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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 really sad to be very honest, even sadder thing is that despite facing such huge losses you are still hopeful to join back the trading arena, this means trading for you hasn't been about making money, it's been more about just staying in the market and making trades because you have actually got addicted to this market. You should absolutely abstain from trading in the future, at least for a few years if you want to be even a little financial stable otherwise you are just playing with your hard-earned money, you should understand that some people are not made for trading and you are one of those few people.

gabbie2010

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Quote from: BIN-BIN on December 23, 2021, 02:45:49 AM

Quote from: Pasa32 on December 23, 2021, 02:39:10 AM

If you are losing trades again & again you must learn first that why am I getting loss. You should change your strategy. Try to invest in good projects which will never be zero. If you are just a FOMO trader doesn't take risks again.

Thanks for this perfect advice similar to my current decision, I will need to build my trading capacity to meet the reality of the day because in trading one need to develop several skills and strategy that work. I was trading on a coin that recently get dumped by the team that was why I lost almost everything.

Probably you traded with some shit coins whose Price Action defies technical and fundamental analysis, as you rightly said, there are several pump and dump coins in the market, it quite unfortunate, you should have tried the top 10 cryptos on coinmarketcap with higher volume and market Cap, if you plan to go back to trading, try the most reliable pairs like BTCUSDT, ETHUSDT etc and ensure your trading strategy is working while trading with a lower risk until you get it right. I had a similar experience but I always have the opportunity to bounce back because I was trading with reliable USDT pairs.

judaspriest

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Quote from: RILWAN on December 24, 2021, 12:44:51 AM

You have to learn some lessons from your mistakes anytime something like this happens, trading is not an easy thing to do and losses most happen from time to time so you have to learn and move but don't give up.

What everyone should realize about trading is that it is not something easy and we can't just trade once to get the results or profits we want,
it takes a process to get it so keep trying and when it fails take it as a lesson so that in the future you don't repeat the same thing

Kasabus

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Quote from: lienfaye on December 24, 2021, 12:09:52 AM

Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

Did you learn something from your past failed experiences? Because if not then its likely that you're going to have the same result. We know experience is the best teacher and we should learn something from it to improve our skills as a trader so we can succeed this time.

Anyway it depends on you, no one stop you to trade again but it would be better for you to look for what seems wrong with your strategy on why you're losing your capital.

If you want to trade again, make sure you have learned from your past mistakes so you will not be repeating the same mistakes again. And trade with more patience and focus so you will never miss good opportunities to trade.

However, do not expect that losses will not happen again, its always inevitable and you can only control or minimize from losing if you can manage the risk in trading and be able to control your emotions as it won't be helpful in winning a trade.

Oshosondy

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Quote from: Pamadar on December 23, 2021, 05:09:10 PM

With the fluctuating market, it's true that there's time you will lose your position using a stop-loss tools.

Yes, it has happened to me several times before. When I see the advantage of stop loss is when I want to leave a trade overnight, but I do not do that unlike before or when I am losing and predict the market will be reversed, I will not close the trade but just set stop loss at that time. I only used 1x now for trading and also doing spot trading, I only see stop loss also more useful for high leverage trading like 5x and up, but high leverage trading is not even advisable at all.

Quote from: Pamadar on December 23, 2021, 05:09:10 PM

Though everything around is a self-explanatory decision making, it's mostly based on traders and investors
own experienced they are following when doing the business.

Yes for traders but investors do not need to use stop loss.

RILWAN

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You have to learn some lessons from your mistakes anytime something like this happens, trading is not an easy thing to do and losses most happen from time to time so you have to learn and move but don't give up.

lienfaye

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Quote from: BIN-BIN on December 22, 2021, 08:35:57 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.

Did you learn something from your past failed experiences? Because if not then its likely that you're going to have the same result. We know experience is the best teacher and we should learn something from it to improve our skills as a trader so we can succeed this time.

Anyway it depends on you, no one stop you to trade again but it would be better for you to look for what seems wrong with your strategy on why you're losing your capital.

Topic: Stop or continue trading - page 8. (Read 1167 times)