Topic: Stop Trading (Read 1041 times)

Regaining oneself and maintaining psychological or emotional balance shouldn't be a reason why one must stop if experiencing this but staying back for error finding (trouble shooting) and restructures if need be.
  
When this happens, it is neither a caused of the economic nature probably demands or your marketing strategies.
If the disaster is globally effective to the sector of your trades, there is definitely no boycott and you can't beat the the situation. If not to put hold to your trade in order to prevent lost, you just have to dangle by because a single Investor is not exceptional to made away w global nature but if by a marketing strategy, then you definitely have to restructure your marketing strategies maybe either you should enhance or you eliminate an already one.

Of course not you don't have you don't have to stop your trades when the market proffers excitements instead you figures what secret is behind so that you can keep it up without deviating since your Investors goal is to keep smiles on your face (profits) although take charge of your emotions when trading is practically a high considerations.
You don't quit when you lost or facing related troubles rather you have to face the fears so yiy don't get lost of control.  The market is like a barracks of survival of the fittest so you don't be flexible to broken emotions. You just have to build courage while you figures what the case maybe for avoidance or repel.

One doesn't have to stop it's trading if this occurs and I take as previous mentioned "market consolidating" as part of the disastrous terms that is part of the nature of this "markets condition" and same strategies is applicable for resolutions.

Of course you don't get into any markets or trading when you are not knowledgeable to it. Very much unwise to getting into such trading simply because there are testifiers or points of contacts whom the markets are favoured.
Even basic ideas are not worth enough to reply on at indulge in a trade unless the nature of the trading has less significant skills such as Bitcoin trading or the nature of the trades has a less risk such as estate investment.

Every reasons of venturing into any form that offers income is to pave means to solving financial problems but at the period of your ventures, it is unwise if one suddenly and only leans its sources of income in that one trade else  one runs out of stock with no values of profits accounted.

It is also to be decided and determined if you are venturing Into a long-term or a short-term investment so you would conciously admit and adheres to how you tempers your investment funds as a matter of being under pressure of financial needs.

At a time of series success, of course it is a call for continues rollover as long all you strives was success and not failure.
Instead there should be a readiness being Incase there is a contrary (bad market) so you don't get emotionally broken. Markets trading fluctuates which has the potentials of loosing and gaining so if the positive side comes there is absolutely no hesitation of giving chances while the negative side is expected so it doesn't cause a weigh down at its arrival.
E.G... Bitcoin trading where there is a bull-run, of course its investors would be excited because there is a profit in the trades and definitely those who hodl their coin at then would be best benefitials and if continues bull-runs they would want to top up so as to make higher incomes.

Consolidation period is the time when we are to be patient and analyze the price direction of the market in way that would profit us.
Determininh what could happen in the market is when know doing consolidation when the market is quiet and less volatile.
Those that are good in market analysis can determine what happens next after consolidation but this is not always accurate but there can be a fake out that could make inexperience traders to enter the market and buy or sell without been aware of the different direction the market would be taking.

3) When Emotionally Unstable
Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.


Basing up on whats written on op, then bolded one would really be my most important choice for someone to really look into, on which being emotionally unstable is something
that could really be giving out that huge effect into someone which it isnt really just that limited on trading alone but also in other aspects or things that you could possibly deal with.
We know that once your emotion is really that unstable then you are really that prone when it comes to mistakes and errors on which it is really that something  that you must avoid and since you do know that
you are dealing something that connects with money or funding then it is really just that right that you should be taking the safe route or approach.

It would be ideal that you should really be stopping on the time that you are experiencing unstable emotion because once your mind been that affected by it
then you would really be losing of tract on the things that you are really that currently dealing with. You are really that likely to mess up
on the things that you've been doing and this is something that we must avoid if we dont really like some headaches.

Sure, there should be time to decide stopping trading if we already did our best and it never works well. However, before we decide to stop, we can do some efforts first. We need to ensure that we have sufficient knowledge before we trade. We must understand varied trading skills, know fundamental and technical approach, and we improve our mentality. If we already try these matters and there is no improvement in our trading, we can assume that trading isn't suitable for us. Well, we can focus on investment only, both short term and long term investment. However, when we want to invest in crypto, we need to understand the bearish-bullish cycle. So, we can determine the right time to buy coins and plan to sell the coins in the best time.

By the way, I can agree that even some people can succeed in trading, it doesn't always mean we can succeed as well. It is true that everyone has their own capability and preference, just do what we can optimize our ability. If trading only wastes our time, it is okay to leave trading and focus on investment only. Trading is an optional, it is not a must!!

People who think trading is just like gambling are the ones who gamble with their money by investing them in shitcoins and meme coins with the hope of hitting the jackpot and getting a lot of money without even understanding the true essence of trading and the cryptocurrency market, they don't know anything about trading and proper trading practices, they think that just like gambling, trading is also dependent on one's luck just because the market is unpredictable but that's not true.

Such people learn and grow and then realize their mistakes and that they shouldn't have done what they did in the past and should have approached trading with a different mindset, it would also save the money they might have lost in those useless projects and tokens that they've bought without any research just for high profits.

When the market is consolidated, it becomes very difficult to understand the direction of the market. At that time it is difficult to tell which direction the market will be influenced and most of the traders who take positions in the market then take wrong and irrational decisions. I think these times can be very bad for a person if taking a trade, that's why it's best to use stop trading during those times. Moreover, if you come to the market for trading, then it will be a waste of time for you because then you will not be able to make a profit. So you have to accept at that time that this time will be best for long term investment, but short term planning will not give you profit.

Sometimes the explanation about trading is too difficult for the mind of the person reading it to digest. reader. The first rule that I understand from what you mean that people who want to trade must pay attention to is knowing the type of trading. Beginner level traders, suitable for spot trading types.
The method is easy, buy and hold until it increases a few percent for resale.
The second rule, the coins you want to trade must be chosen that have the potential to increase, don't choose trash coins.
Third rule, don't be greedy.

Who knows. I think blaming them is also not useful because in essence they want not to make mistakes in trading.

Exactly, it's not like gambling where you just place your position and wait if you will earn or you will lose your money, there's always a plan using
the knowledge that you have before dealing with your trade.

There are many factors that affects this venue of business, if you don't have any knowledge better to stop and try to spend more time in learning
before you do the trade again.

With that principle, you will add more better anticipation and the accuracy of using your strategy and the patterns that you are following.

People think that trading is the same as gambling, so we assume that when he enters the market, he is not equipped with basic trading knowledge, he will think that way, maybe it is more appropriate when he buys shitcoin for trading and hopes to go up 10x if he doesn't make it then say this is the same as gambling, so people who don't understand trading fully.

Trading must be equipped with a variety of ways including fundamentals, technical analysis, candles, market sentiment, patterns that are needed including risk management because this is most important in a trade, if you do not apply the above then we will often experience losses because we ignore the skills needed.

The point is that trading is not gambling, but there are certain ways that you must master to take advantage.

Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss,  and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.

While trading contains some risks tasks which also need to be done when we are not doing trading then how could we earn? Same is the thing in the daily life if we are starting some business in all of our efforts we put in that experience and that task and then we got some also. Also we are dishearten but still we are happy to do our business even this time with the less money also. That's why we have to struggle and the result will also be better if we are thinking about the result how could we achieve the success even we don't know about it.

I think not everyone trades with such a plan because of financial stress, if one goes to trade he will definitely lose his money. Again, taking risk is most important in trading because one can never make a profit without taking risks. Due to financial problems, if one starts trading without understanding then one will never be able to profit but will always face losses. I have seen many people start trading for the greed of money but at some point they lose money which is really sad but if that person trades wisely one can definitely expect good things. But if you are starting a business, then of course the most important thing is that you continue it at first, and you will be successful once. And if you don't take risk then you can never make such profit, so it's a very good plan to take risk, but it's best to trade with small amount of money.

People start trading without knowledge of how to trade and they want to be rich in a single day which is not possible to happen. There are large number of people who trade regularly but only 10 percent will be able to get continuous profit from trading and the remaining will either face loss or the will have sometime win and sometimes loss situations.

If you Loss in trading then don't stop here because after this loss a new chapter will be open for you in which you will not repeat your previous experience that become cause of your loss. Mistakes are made by everyone so if you don't know how to correct these mistakes then stop trading for sometimes because without realizing the reality you will repeatedly doing the same mistakes.

Indeed, no wealth can be achieved instantly, unless you get it from inheritance.
Trading gives traders the opportunity to make a profit. but there is also a chance to lose. Even those who have been trading for a long time and have mastered several trading skills are not free from the risk of loss.
If you are knowledgeable and experienced, perhaps you will not seek wealth from trading. it may just increase and decrease your assets.

People will not stop trading until they have proof that this trading is detrimental. If they are on the right path in trading they will enjoy it and be consistent with existing profits. If they are tempted by the profits they get from flexing influencer content, I think they will despair here because that is just icing on the cake. Basically, trading is not very easy.

Trading is not suitable for people who want to get rich instantly. I have tried it and what people say about it is true. It's better to stop trading than if you want to get rich quickly, it won't be as smooth as you think. Here you need to be consistent in achieving profits in order to really see the results.

There is no free risk in trading including investment, because when you use your money to buy coins, be it Bitcoin or altcoins, you are at risk of seeing your money decrease because coin prices are always moving, but long-term holders will have a calmer mind because you have set how long to keep it but this only works well if you keep Bitcoin while in my opinion altcoins are very inversely proportional to Bitcoin, keeping altcoins longer is the same as throwing money away because nothing is certain in altcoins.

even better that in the process of trading someone also learn from other experiences, reading articles about trading from the expert, it usually gives some pointer to some mistake that newbies are more likely gonna do and also give better solution.
being in a hurry is never good, it might affect emotional state which in turn also affect our take in making decision that is sometime unwise because we get tilted of some previous loses I guess but the point is that, being cool headed emotionally stable is the thing that gonna keeps us from making the worst decision ever without knowing how worst it can get.
its even not a stretch to say that, most of the newbies that get in their trading career, outright fails, because impatience, and the urge of being rich in just a night, which isn't true at all.

Of course, not all people have the intention to be traders. It is because trading isn't easy, it requires special skills and knowledge. Traders also need to have smart mind and strong mentality, this is something that not everyone can have. Sure, we can learn how to have strong mentality and good self-control. But not all people are patient to do the process, sometimes it takes a long time to have a strong mentality. For people who seems not suitable to be traders, it is better to focus on investment only. A long term investment can be easier because we only need to know the cycle. If we know the bearish and bullish cycle, we can determine when to buy and when to sell our coins. This is not so difficult to learn, it is much easier to understand than learning about trading skills or trading strategies.

In my opinion not all people have to become traders so to trade, you have to collect maximum trading knowledge over the years. I can trade with small amount which will make me efficient and also you can understand from small trading how to do better in future. This is why I invest more money for long term which helps me generate profit while keeping risk free. Moreover there is more risk in everything in the crypto market so you must always keep yourself smart.