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Topic: Stop or continue trading - page 9. (Read 1198 times)

legendary
Activity: 2240
Merit: 1375
Fully Regulated Crypto Casino
December 23, 2021, 10:31:46 PM
#67
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.
Dont fomo! That's what happened when someone clearly not doing some due diligence or have enough understanding of trading. Losing is normal, but you should at least equipped yourself with such basic stuff on trading. It's not easy as others making it sound like printing a lot of money. Trading is 80% to 90% losing than winning. But you beat those odds once you grasp the proper setup.
legendary
Activity: 3122
Merit: 1140
December 23, 2021, 05:59:36 PM
#66
There are also some questions to asnwer your questions:
1. Are you really ready if you lose more in trading later?
2. Are the capitals from free money or urgued money?
3. Have you taken the lessons from previous trading loss?
4. Wahy did you lose all your capital in trading? Using future trading? Panic sell?
If yes, it is better for you to stopp for a moment and learn all things that make you lose in trading. And don't use Future trading at first because of its high risks.

1. If yes then you are prepared if no then completely stop.
2. Free money is extra and urged money would be on your life savings or loans and with common sense then you do know on which one is worth.
3. If yes then proceed if not then try to realize things first.
4. Each losses would leave out self realizations which is a must.

hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
December 23, 2021, 05:34:49 PM
#65
There are also some questions to asnwer your questions:
1. Are you really ready if you lose more in trading later?
2. Are the capitals from free money or urgued money?
3. Have you taken the lessons from previous trading loss?
4. Wahy did you lose all your capital in trading? Using future trading? Panic sell?
If yes, it is better for you to stopp for a moment and learn all things that make you lose in trading. And don't use Future trading at first because of its high risks.
sr. member
Activity: 2506
Merit: 368
December 23, 2021, 05:18:29 PM
#64
Really good spirit, even though you have lost twice but that doesn't stop you to keep going. I suggest you try analyzing what errors you think you did before. Maybe the two defeats were caused by the same thing. So you can learn from the mistakes you have made. Before you start trading again, it looks like you need to understand the mistakes from the previous time.
I don't think it's just twice since OP just mentioned that recently been active at spot trading but decided to just stop because he's not doing any better. Well, OP should fix the problem first and that is how did he lose recently that's why it's losing its spirit to trade again. If he has that will to trade again then he really loves to trade although there's just a hindering part that causes him to feel anxious about it and decided to stop.

For OP, you should fix the problem first on where did you lose and what did you do during that time on why did you lose. The problem should be easy to fix if you could identify them.
sr. member
Activity: 1498
Merit: 443
December 23, 2021, 05:18:06 PM
#63
Failures that have occurred can be lessons for the future and have you learned from previous mistakes? if so, then you just have to upgrade new skills and strategies so that you can be better in the future in trading. Trading is not just selling or buying coins but we must be able to analyze the market and which coins are good for trading. many people fail in trading because they do not understand and make wrong decisions, for example in buying or choosing coins. so it all depends on each individual in doing so. good knowledge and experience are needed to be able to trade well.
legendary
Activity: 2982
Merit: 1028
December 23, 2021, 04:09:10 PM
#62
Do you use stoploss when you are trading?
Stop lose can be a very good tool to stop losing further in trading but also can be the other way at times when the market has been closed with the trader losing but the market getting back to the opposite direction that will later favor the position of the trader, but because the stop lose has made the trade to close, just the losses for stop lose is the result instead of the correction that might lead to gain. It is not good to use stop lose until it is necessary depending on what is analysed. There are many times I gained all because I did not use stop lose, leave the trade open and later go opposite and favor my direction which resulted to gain for me.

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

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.

On this topic, better to stop if you are not doing any better, if you keep losing your money and there's no improvement
with your skills and knowledge, maybe the venue is not for you.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
December 23, 2021, 03:28:34 PM
#61
In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.
I agree with this statement, when Thomas Edison failed, he didn't said he failed, he famously said "I didn't fail, I found 10 thousand different ways that does not work", and that's a great approach. If you keep trading and lose money forever then there is something wrong with how you are trading, not in the trading itself but yourself.

You should be losing money time to time, even the greatest traders end up losing money, but you should also be learning why you lost money in that situation and that should help you figure out what you should not do.

Even the greatest investors sometimes invest into shitty stuff and lose money, that's fine and you should be okay with it. The reality is that we will end up losing money no matter how great we are, but the more we lose, the lesser we should be starting to lose. If you trade with 10k and lose 4k and earn only 2k back, in over years that 10k trading should be 2k loss and 4k earn to make you into a profitable trader.
hero member
Activity: 3010
Merit: 794
December 23, 2021, 02:56:09 PM
#60
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.
Depends on you because if you do see that you do still have funds to to move forward then its up to your choice whether you do go ahead or would take a break but it isnt bad to stop momentarily

because stressing yourself too much will definitely make things even more worst as you cant really make out some realizations towards your trading mistakes.
Stopping wont be a solution and also if your heart does tell you to go back then go ahead but be sure that you wont really be making haste on making
decisions.

Realize on where did you go wrong and this would be a continuous process or learning.
hero member
Activity: 2660
Merit: 587
December 23, 2021, 02:25:30 PM
#59
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.
Never repeat your mistake. For a change, you should try to plan up for long term investments rather than keep trying crypto trading. Investments in cryptocurrencies must the another strategy in crypto trading but the time frame is the only difference.

I am very much sure you could recover all your losses incurred in crypto trading by investing into bitcoin for years. Instead of arranging capital for your crypto trading this time you should go for arranging funds for investments with the plans of minimum holding for next 10 years so that you could recover all your losses. If you plan investments for 10 years then you could get up to 100x returns.
legendary
Activity: 1610
Merit: 1193
Gamble responsibly
December 23, 2021, 02:07:34 PM
#58
Do you use stoploss when you are trading?
Stop lose can be a very good tool to stop losing further in trading but also can be the other way at times when the market has been closed with the trader losing but the market getting back to the opposite direction that will later favor the position of the trader, but because the stop lose has made the trade to close, just the losses for stop lose is the result instead of the correction that might lead to gain. It is not good to use stop lose until it is necessary depending on what is analysed. There are many times I gained all because I did not use stop lose, leave the trade open and later go opposite and favor my direction which resulted to gain for me.
jr. member
Activity: 1380
Merit: 1
December 23, 2021, 01:39:51 PM
#57
The current market is starting to get better so there is no way to stop now. It is the right time to stick to the market. The current market decreased a lot now so if you want to get good returns start analyzing now and invest as much as possible. But keep in mind that it is a volatile market can be happen anything at any time.
legendary
Activity: 2268
Merit: 1655
To the Moon
December 23, 2021, 11:51:08 AM
#56
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.

The main reason for buying new coins is that they bring a large profit, which amounts to hundreds, and sometimes thousands of percent. But beginners do not understand the fact that where there is a big profit, there is always a big risk of losing their money.
hero member
Activity: 2520
Merit: 783
December 23, 2021, 11:20:02 AM
#55
I suppose you should take this into consideration, or else you'll just keep burning your account. Not to say that this is the holy grail, but it is preferable to have a visual representation of what to do and what not to do before and after executing your trade.

The key takeaway here is that, assuming you've done your homework (thoroughly studying T.A), you should consider journalizing and reviewing the results regardless of whether the trade was successfully executed or not.



Source: https://www.gatex.io/wp-content/uploads/2019/10/MindMap2-scaled.png
hero member
Activity: 1316
Merit: 502
December 23, 2021, 11:12:41 AM
#54
if you are getting loss again and again. you should try to follow an expert in trading. when you follow that expert you will get a lot of knowledge. means I am saying first try to get knowledge after getting the knowledge you can invest
The problem is that he is probably listening more to the beast within himself, most of the characteristics of people who lose in trading are selfish and only listen to their hearts, an expert is only an inspired creator and cannot regulate his psyche, instead of pushing him where he has no interest and desire, he should be more conscious of controlling the beast inside. Not recognizing and mastering the beast in the depths of instinct, continued can increase its aggression and make defeat worse
hero member
Activity: 1722
Merit: 801
December 23, 2021, 11:02:55 AM
#53
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.
It is not investing or trading if they buy new coins because they get them from list of gainers or from signal groups. Many new projects can fly and have too expensive price but they don't have too good products at the moment. Bull market hide real quality of projects and we can not simply see market price to judge one project is good or bad. Look at their team, development process, products and roadmap.

Price can be very expensive because of successful marketing and community FOMO but in long run, if they don't have good things behind the scene, their projects will fail and price will be fallen deeply, divided by 5, 10 or 100 times.

Quote
My suggestion stop trading with new coins, better to choose more known altcoins, at least it's a bit safer for the coins value.
Stop gambling with new coins, new tokens in bull market.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
December 23, 2021, 11:01:45 AM
#52
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 did take a break after losing all your capital then I must say that it was a wise choice but you didn't mention how long the break was.
If you took at least around a few weeks or months of a break then I think you must be good to go but again that depends on how you utilized your break.
If you analyzed the market enough and redid you strategy and at the same time accumulated a budget to begin trading with then you can start trading again.
But if not then you will just lose your capital again. You need to learn from your mistakes and try not to repeat them.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
December 23, 2021, 10:33:37 AM
#51
That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.

Indeed, a tough decision that can only be determined none other than yourself. In addition to the aforementioned, I think that you should weigh the lessons you have learned through your initial experience, and from there discern what must be done again, improved and removed. Also, during this state I think you are vulnerable to become too eager to get back your losses. So, it is important to have some limitations and keep yourself grounded from time to time.

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.
hero member
Activity: 1498
Merit: 506
December 23, 2021, 10:26:43 AM
#50
That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.

Indeed, a tough decision that can only be determined none other than yourself. In addition to the aforementioned, I think that you should weigh the lessons you have learned through your initial experience, and from there discern what must be done again, improved and removed. Also, during this state I think you are vulnerable to become too eager to get back your losses. So, it is important to have some limitations and keep yourself grounded from time to time.
sr. member
Activity: 2436
Merit: 455
December 23, 2021, 10:12:53 AM
#49
That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.
sr. member
Activity: 1479
Merit: 273
Seabet.io | Crypto-Casino
December 23, 2021, 09:15:20 AM
#48
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.
Just return then, will be very good if you learn your mistake from past which made you lose so much. Take a break, make our emotion ready, and especially capital which is we can split it again for back up, main capital and other else that made us in the end wouldn't lose our money in single shot.
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