Topic: Stop Trading - page 2. (Read 1044 times)

Never be in a hurry when starting trading, the more you hurry, the more mistakes you can make. Small mistakes you make during trading can make you lose all your invested money. So never be in a hurry while trading. There are many people.  Those who do not understand about trading lose their money while trading.

Actually, when a trader is unable to control his emotions, it would really lead to losing their crypto assets. Until now, many individual traders still experienced that.

Why do they experience that? That's because they lack ideas and knowledge, because if they only knew how to handle our emotions correctly, they wouldn't just panic when something unexpected happens in the market, that's for sure. Our emotions are part of our traditional activity.

People here too easily compare trading with gambling. Trading without basic knowledge is what the bad traders are and they are the traders who will lose money. If the trader is prepared to lose a lot of what he earned, I tend to believe that the trader is probably learning to gain good knowledge of trading.
That's right. Trading is better than gambling in making money. Traders can target profits on trades carried out with a good strategy. Gambling cannot set a profit target because it tends to get results that are far from the winning target. Winning at gambling and getting money is just luck.

There is no need to compare trading with gambling or anything else, because there are downright bad traders and there are excellent gamblers. And those who trade without proper knowledge, or bet on luck, will always lose more than they earn. I am inclined to believe that there are more chances to make money in trading than in gambling, so gambling is like entertainment for me, and I take trading much more seriously and spend much more time on it.

However, my opinion here is that some see traders using the money they need to trade and as a result they are in a hurry, seeing the slightest loss they then sell and experience losses little by little.
the thinking of those who trade is that they need money quickly.

Investing and trading are not gambling but it went to that situation if that person has no knowledge about it. Many people underestimate the market volatility, they'll though that knowing the basics is trading is just okay but that is not how trading works because if this is only what is in our mind, we'd better stop doing this as it results in losses. We can't force ourselves to become a trader unless we have the courage and willingness to change our wrong mindset and market approach.

This is very clear, here are some things that make you have to stop trading. And if we have an awareness of that, we'll actually be very good. Indeed, not everything must be continued, there will be times when we have to stop for a moment and reflect on what is happening to us. Moreover, this is cryptocurrency trading where this is a very high risk thing. In the conditions that you have given the list, it would be much wiser to stop immediately first. So you can know when to stop and when to start again. So that it can also serve as evaluation material when stopping trading.

Yes, this is very factual. Emotions when we have just experienced losing when trading will definitely be very unstable. especially if it is a large enough amount and we are waiting for the results. So this will be a hard blow for us. However, when our emotions are unstable, sometimes there is a high desire to continue placing positions because we hope to bring back the money we have lost, over and over again. However, when our emotions are unstable, our focus and strategy for trading are actually not in a good condition. This will actually trigger further loss.

Mostly people when they start their trading they love to earn and we also know in this World everyone wants to win, no one is here in this world to say that he don't wants success. But the thing is financial pressure in the trading, as according to my research mostly people take loan from their relatives and they some other people and they start trading with the the same loan. Which may be give them a little earning at the start even some people also got loss at start.

But when they got loss from that money, then they get stressed and in this case they left their trading and a burden on their shoulders make them too anxiety which create difficulties for them. So, my opinion is not to trade ever with the loan or nor to trade with other's money. Till a person has its own money then he can start even trading with it and get the benefits.

Honestly the emotion after a series of losing streaks prompt a trade to continue trading so as to recover those losses unfortunately most of those trades entry is not according to the trading strategy most of the time I do trade blindly unfortunately or consequently resulted to more losses understandable now that the best thing or remedy is to take a break.

Truly trading in a ranging market is very frustrating except if the trader is a scalper, unfortunately one has to be an experience trader to become a scalper, ranging market is nightmare for swing traders, the best bet is to continue to observe the market till a fundamental news is released which would definitely move the market.


This is a very bad idea ie trading when angry it would lead to losing streak if care is not taken, in case of such a scenario the trader should never trade until the anger subsided.

I adopted two model of step up which I only implement if the price of the traded pair form that patterns or model once the setup is confirmed I place a trade with Stop loss and take profit target.

I don't think like that. Those who are financially stressed will be distracted from planning investments. it won't go well.
Those who plan investments are of course those who have financial strength. so if the investment does not go according to plan it will not affect the finances.
Investing is not gambling. In fact, I have seen incidents like this happen to many frustrated gamblers who want to double their money instantly.

I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.

Absolutely, every factor mentioned in the topic is actually important factors about when to stop away from trading. It is very important for mental health to take a break from trading for a while especially in case of consecutive gains, losses or financial difficulties. Additionally, although cryptocurrency markets are open for weekend it is very important not to trade in such situations depending on market conditions either when market conditions are bad or because the transaction volume is low on the weekend. However, when we examine all these factors, it is always necessary to remember that the most important factor among them is;


It is actually quite difficult to control one's emotions while trading because while the psychology of gain triggers the person to trade more and ambitiously, the psychology of loss causes more transactions to be made in order to compensate for the losses and the amount of loss to increase due to more mistakes is happening. For this reason, although it is a difficult thing, it is very important for a person to learn to control their own emotions especially when trading.

Trading is risky and not for everyone. What works for Mr A might not work for Mr B, why? Because they're both different species who have the same goal but different trading strategies and critical thinking towards the market. There are always backup alternatives in cases were the primary plans failed, no time to start wondering and laying blames other than just sticking and exploring another plan ASAP. As for me, I'm in the space to accumulate the little earnings till I grow up to high standards of aiming at hugh earnings which will take me to balance levels in the trading space.

So it is important here to pay attention to what the op said and make it one of the warnings for us not to go beyond the limit and instead make us lose more and more as a result of teaching endless losses.
No trader can have a 100% profitable trading history in every trade he makes, it is impossible, even if a trading legend can experience fatal mistakes in the trades they make and make him lose at that particular time.

Yes the analysis we make is only intended to increase the possibility and reduce the risk of loss, basically also the analysis we make is not necessarily correct but we follow the tools that can allow greater opportunities on market movements.

To complement what you said, we need to have time management so that we know when to enter and exit, also we must have SL / TP limits for the trades we make so that the risk on the trade we can minimize, and yes do not chase defeat nor feel satisfied when getting profit, it is a gambler's mentality and it is dangerous.

As the more person trade, the more they learns whether they lose they also learn, and whether he wins he also get some knowledge. As learning in trading is very important, one can learn something from his experience. Learning before trading requires a lot of time we can get some positive trade and a little bit of profit.

A person who is going to lose again and again must have a problem at some point for example the next time he should change his trading strategy and after that the next time he should change his trade. This is what means if a person wants that he will be successful every time and he will make profit in every trade then I think it is bad thinking of a person and it will not give him anything unless a burden on his mind. It would be better to always look for a better option instead of thinking about the past.

every trader should have thought about and realized all that. we can analyze but the results are not necessarily 100% correct. we can only minimize the risks we might accept and increase the chances of winning.
we have to know when we exit and when we continue trading. More traders who are too ambitious to chase their losses are those who may be used to gambling and consider trading to be part of gambling.

We should really be that wary that losing is really that indeed inevitable on which having that kind of acceptance which it wont really be making you that impulsive or making yourself that desperate on the time that you do able to encounter it. This is why it would really be that wise that you should really know on when to stop or having a break rather than on forcing yourself on correcting things or trying to chase up those losses and trying to breakeven because on the time that you would really be doing such thing where desperation and emotions been mixed up. Then this is where mistakes do really result or making things or situations come more worst.
There are really indeed times which you would really be needing to stop and calling at a day.

Just like on what majority of people been telling and saying on here that there's no such thing as perfect trader on which you do have that 100% winning trade. All of us are speculators on here
on which it would really be normal that there would be trades which are losing and which are profitable it do really varies on how we do handle out ourselves in regarding into our trading career.
We cant really be perfect but doesnt mean that we would really be able to make ourselves wont really be making those common approach and analysis towards market.
It is time consuming and needs effort but we dont have no choice if we do really like to sustain out.

I don't think it was regretting but it was regrettable if we pursued trading which only losses are what we get.
We know how to stop our journey. Maybe we could start again but in the meantime, while are correcting our mistakes and making some improvements, we'd rather take a break for a while. In fact, I did this before just to picture out where I did wrong and what is the best I should have done. That is how important to recall our past trader in order to see the error that can be corrected so it won't happen again or to avoid big losses.

Right. The perfect term would be pause from trading tho that is exactly how OP explained. It would he a regret to ultimately stop. By taking a break, we can analyze what went wrong, identify patterns and refine our approach without the pressure of trading again. We have to do something different the next time maybe. When we acknowledge the necessity to pause so we can make rational decisions and avoid common pitfalls, I think traders will have better chances of long-term success.

You are right. But they don't want to understand this little thing. Everyone has his own strategy in trading. They first come here after hearing a story of profit in trading from someone, but without understanding anything themselves, they invest to become rich very quickly. Later, when the market goes down, they can no longer be found. Their general knowledge is very low. They don't want to accept that money cannot be earned from any job without hard work. It is very difficult to understand them.