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Topic: Stop Trading - page 4. (Read 999 times)

legendary
Activity: 2226
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October 11, 2023, 05:59:25 PM
#91
It is true that those that keep trying are the only ones which have a chance to achieve their goals on this market, however just as there are traders out there that give up, there are also many traders which are forced to give up by the market itself, and in the majority of the cases the greedy traders are the ones that are forced into that situation, and this is because on their desire to obtain profits at all costs they forget to protect their own capital and lose it all during their trading journey.
Yep. As a trader, we mustn't give up. That's only they way to achieve our goals. Although there must be many challenges, it is the media to learn many things. No doubt we must experience some losses, but we need it to strengthen our trading ability. With the losses, we learn how to trade effectively and avoid the wrong ways. It also improves our mentality, so we won't easily drop our motivation to continue our trading activities.

It is true that greedy becomes a common case in trading. But when we experienced a bad thing because of greedy, we must stop to feel greedy anymore. I've experienced it, I set a too high target for shitcoins. That makes me lose the money in the shitcoins because the price constantly drop very significant after it reaches the peak. At that time, I expect to sell the shitcoins at a higher price. Sadly, the ATH never reaches my target, on the contrary the price continues to fall until now.

hero member
Activity: 1932
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October 11, 2023, 05:57:03 PM
#90


It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
I've definitely experienced it several times, from the ordinary to the moment that hit me hard and almost made me frustrated. However, it turned out that it was part of the process where I had to decide something for the future. Losing in trading is definitely a risk especially if we are not very good at analysis and treatment when trading. This will be a bigger risk. But on the other hand, it makes for a very rewarding experience. So, with these various bad experiences, deciding to stop trading (trading futures) was something that had quite an impact on me. Maybe it's because I'm not ready for everything. So, the decision to stop was the best decision. Especially when we really understand when to stop, just stop first until we are really ready to trade again.
legendary
Activity: 2618
Merit: 1105
October 11, 2023, 05:09:04 PM
#89
Most people stop at a point where they are about to get their best trade. This is like accepting defeat just before reaching the true destination. That's not how it works.
To make money in trading, you need to have strong perseverance and focus and must note down your mistakes before thinking that it's not for you. There are so many websites that allow you to trade in demo, do that and journalise your trades and take notes of what you did wrong when you lost on some trades. Those patterns will help you to understand what you don't need to do to avoid further losses on such trades.
hero member
Activity: 2828
Merit: 673
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October 11, 2023, 04:59:50 PM
#88
Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.
If you develop addiction in trading, then all you want to do is just to trade even when the market is not suitable to trade. Instead of just observing the market or enjoying your other habits, but because of greed you insist to keep on trading and see yourself losing in the end. This is not actually good, but if losing could be the only way to learn your lesson, then probably it will help you instead to realize that trading all the time is not a must. You must know when to trade and when not to, that’s the only way so you can maximize your gains and at some point, lessen your losses as well.
hero member
Activity: 2926
Merit: 722
October 11, 2023, 03:16:11 PM
#87
Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

Some individual can't trade with the high volatility of the market and that's why they're losing, they think the market was somehow stable like other market. Some individual thought the cryptocurency market was like the forex market that they're trading but the cryptocurency market is different and it becomes difficult for them to make profits. This set of individual need to stop trading and learn how to trade the cryptocurrency market because not everyone can understand the market.

Traders that are greedy will lose to the market because when they're in profit but they don't sell and waiting for more profit, the market can switch from been bullish to bearish and all the profits they were making will be lost and then they'll be losing. Greediness is one of the reasons why many individual lose when they try trading.
We know that the market couldnt really just easily get in line with those technical indicators which had been set on which if you do make out some buy position but ending up on pumping or making out some sell position but the price gets down then it would really be giving out that kind of emotion and impression that it is really that too unpredictable and the market doesnt get in line with those indicators or simply with TA analysis on which it is really just that a normal situation which you would really be able to encounter. Its true that there are people who do really love to deal up with volatility but on the time that it is really that moving already on that condition or phase on which it doesnt follow any analysis then it would be ideal that you should take up some break.

No trader would really be that able to handle out volatility on that extreme which no matter how experienced or old you are into this market which it wont really be guaranteeing that you would be able to
succeed or able to survive on the time that you would really be dealing up with this kind of market condition or situation. So it isnt really that bad to let the tides settle down before you would
be doing some trades again.
hero member
Activity: 2884
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October 11, 2023, 02:50:00 PM
#86
Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.

The possibility of a greedy trader's behavior is that they lose more because they push their ambitions, then come out with a loss. or experiencing loss and persevering to correct the mistake.
Those who leave will have no hope in the future. but those who have the will to determine better trades, I believe there is great potential to develop into a professional trader.

haven't we all been very greedy in our trading? I think all traders experience several phases in their trading journey. Maybe the situation will be different for each trader. that's because the attitudes and actions of each trader are also different.
It is true that those that keep trying are the only ones which have a chance to achieve their goals on this market, however just as there are traders out there that give up, there are also many traders which are forced to give up by the market itself, and in the majority of the cases the greedy traders are the ones that are forced into that situation, and this is because on their desire to obtain profits at all costs they forget to protect their own capital and lose it all during their trading journey.
hero member
Activity: 616
Merit: 749
October 11, 2023, 02:22:19 PM
#85
Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

Some individual can't trade with the high volatility of the market and that's why they're losing, they think the market was somehow stable like other market. Some individual thought the cryptocurency market was like the forex market that they're trading but the cryptocurency market is different and it becomes difficult for them to make profits. This set of individual need to stop trading and learn how to trade the cryptocurrency market because not everyone can understand the market.

Traders that are greedy will lose to the market because when they're in profit but they don't sell and waiting for more profit, the market can switch from been bullish to bearish and all the profits they were making will be lost and then they'll be losing. Greediness is one of the reasons why many individual lose when they try trading.
hero member
Activity: 826
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October 11, 2023, 08:42:06 AM
#84
Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.

The possibility of a greedy trader's behavior is that they lose more because they push their ambitions, then come out with a loss. or experiencing loss and persevering to correct the mistake.
Those who leave will have no hope in the future. but those who have the will to determine better trades, I believe there is great potential to develop into a professional trader.

haven't we all been very greedy in our trading? I think all traders experience several phases in their trading journey. Maybe the situation will be different for each trader. that's because the attitudes and actions of each trader are also different.
legendary
Activity: 2058
Merit: 1295
October 11, 2023, 07:28:55 AM
#83
Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

High spikes volatility will be very noticeable for scalpers, but it may have little effect on medium- and long-term traders as they accumulate positions and simply wait for their targets. However, this also depends on the strategy, a situation is possible when strong fluctuations can knock down a stop loss trade if a trader uses this tool, sometimes this is bad if it happens with a loss, sometimes not if the trade is in profit and the stop loss was raised to this zone.
full member
Activity: 812
Merit: 210
October 11, 2023, 07:21:34 AM
#82


✂️✂️

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

When we start trading we don't have much knowledge and know-how, but gradually we gain experience as we work. A businessman does not become successful easily, but many failures are hidden behind his success. We know that every job takes a lot of effort and time to complete. Similarly, in trading, success comes too late, after enough time and hard work, success is possible after losing money. When you get good education about trading right then if you start trading it tries to give good profit. But when you have a good understanding of the market, you can trade confidently and profit during that season. When you can trade profitably then you will focus on trading, and if you don't gain experience then you will never focus on trading.
Experience in trading is very important to be used as a lesson, before starting trading, no one is an expert only with the theory he has without any direct trading that he does and as time goes by, many things will change about us, both regarding planning and also goals. in trading and everything comes back to each individual in responding to it.
Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.
hero member
Activity: 2744
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October 11, 2023, 06:13:41 AM
#81
You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
Losing 7 out of 10 trades, was an indication already that trading seems to be not our destiny and it makes no sense to continue trading if we only just lose. We may see some people are successful in trading and hope we can be like them as well but sometimes, things we hoped can't happen as well and this is because not all of us are capable enough to trade. In fact, a lot of people got into this trading but only a few went successfully, and this tells us that trading is not for everyone. We can of course assess the output of our trades and we are the ones to decide whether to pursue our trading plan or quit.

Numbers state the outcome. If that is continually happening, it's best to re-assess your capability.
There's something wrong or just like you describe it, maybe trading is not for you.

You need to find ways to improve or if it's much better to quit and look for other ways to earn money, either investment in other venue or invest
with knowledge by enrolling yourself to a training center that will give you more idea and information about the business that you are trying to
make a success.
hero member
Activity: 2800
Merit: 603
October 11, 2023, 06:01:41 AM
#80
You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
Losing 7 out of 10 trades, was an indication already that trading seems to be not our destiny and it makes no sense to continue trading if we only just lose. We may see some people are successful in trading and hope we can be like them as well but sometimes, things we hoped can't happen as well and this is because not all of us are capable enough to trade. In fact, a lot of people got into this trading but only a few went successfully, and this tells us that trading is not for everyone. We can of course assess the output of our trades and we are the ones to decide whether to pursue our trading plan or quit.
full member
Activity: 238
Merit: 152
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October 11, 2023, 04:01:29 AM
#79


7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
Contrarily stoping to trade because you are experiencing a series of success is not Ideal slow down and master your emotions. If you stop when you are on a series of success you definitely still have your mind on the market and when you return the fear of loosing out makes you risk even more because you would many to make up for the times you were not in the market there exposing you portfolio to more risk.

Mastering your emotions will go a long way help maintain your profitablity in the market such that when you are in a series of success you know how to manage your mind not to trick you into thinking you have masters the act so we'll enough to neglect your strategy. But I do advice whenever you are in a series of success make the best out of it, this way you will be able to keep a sound mind when in your loosing days. Don't try to be too careful by jumping out because you are in a series of success and do not feel like a lord either for there is no holy grill in the market. Maximize your wins and Master your Emotions.
full member
Activity: 448
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October 11, 2023, 01:42:04 AM
#78


✂️✂️

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

When we start trading we don't have much knowledge and know-how, but gradually we gain experience as we work. A businessman does not become successful easily, but many failures are hidden behind his success. We know that every job takes a lot of effort and time to complete. Similarly, in trading, success comes too late, after enough time and hard work, success is possible after losing money. When you get good education about trading right then if you start trading it tries to give good profit. But when you have a good understanding of the market, you can trade confidently and profit during that season. When you can trade profitably then you will focus on trading, and if you don't gain experience then you will never focus on trading.
full member
Activity: 476
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October 11, 2023, 12:30:45 AM
#77
Quote from: RioBlemz
4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

Knowing when to buy crypto in the market, and when to sell to make huge amount of profits is very important to crypto traders, which new traders have to acquire the knowledge to enable them to achieve what will make them happy in the crypto industry. It will be very difficult for you to earn well from your crypto trading when the price is low in the crypto market, because potential crypto traders don't use to trade their coins when the bearish season is on ground than to wait for bullish season to come before they can trade. I don't think, is good for traders to trade their coins in this bearish market because the price is not stable yet but it will going to be stable soon for long term traders and short term traders to smile again.


It is not important to always look for favorable conditions in the market. The market always gives us the opportunity to trade, you just need to build up your own strategy to do so. There is no limitation to making perfect strategies and if your money management skills are the best then no matter how badly the market reacts you won't take significant loss. I know people who made decent profits even in bear markets.

However it is not important to chase the market and always trade even if it is not suitable for you. My point is that every market situation is tradeable you just need to find the right way to do that.
full member
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October 10, 2023, 11:52:01 PM
#76

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

This is absolutely true. When you are at the peak of your emotions caused by the unnecessary stress you put into your trading because you need to make money, that will lead you to make impulsive decisions rather than wise and intuitive. Instead of following your plan and accepting the fact that you either win or lose, you don't expect losses and revenge trade when you do.

Just take in mind that the market doesn't owe you anything. It just knows your orders and your stop loss. It doesn't care about your story or history. So don't let your life stress have a negative role in your trading.
full member
Activity: 798
Merit: 117
October 10, 2023, 08:37:57 PM
#75
Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.

That certainly covers a lot of ground in terms of trading. It does not imply that only one study has been done on it. Studying something you wish to know before is different. You'll put everything you've learned into practice. In other words, you haven't put what you've learned into practice.

What's more beneficial? Even though they have not yet studied what you have studied, others are already using what you have learned to their advantage. Because of this, folks who have studied or are studying trading are frequently the ones who eventually despise or give up. because they did not anticipate that trading would be difficult to comprehend and put into practice. No such passion exists.
hero member
Activity: 2898
Merit: 612
October 10, 2023, 05:53:47 PM
#74
You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
hero member
Activity: 2814
Merit: 576
October 10, 2023, 05:20:40 PM
#73
Losses are indeed essential in trading. Without losses, you will never aim to improve your trades that makes you a successful trader. However, as trading market is most unpredictable, then we can’t totally say to win our trades all the time as even professional traders still lose at some point. But they never make it as an excuse to stop trading but these losses even mold them to be the best traders in the future. But always know that trading is not also for everyone. When you see trading is giving you financial pressures and is making you stressful all the time, then it’s better to just focus on investing as it can also be profitable just like trading.
sr. member
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October 10, 2023, 03:46:58 PM
#72
There is no way earn from the market without having trading skills which will enable us to make money from the market. There are some certain persons who will never bother to improve there skill just because they are still making money from the market. We need to build ourselves for us to make more money from the market or else we are going to end up with nothing.

This set of individuals need to stop trading, if you haven't learnt how to trade but still making profits, you have to stop trading and learn very well because you might be having beginner luck all those times and if you don't stop and start losing, it can lead you to go broke. Of you trade without knowing how to, you can get some trade through gambling bitbwhenw you begin to trade more and try need strategy you'll lose because you don't have the experience or know how to analyze the market.

When you learnt how to trade, you'll know when the market condition isn't good for trading but a newbie without any experience will think you can trade anytime and make profits. Newbies also will be trading with emotions which will make them to make wrong choices and lose money. Trading shouldn't be with emotions but interpretation of the charts.

We need to be able to understand trading for us to make profits from the market. The mistake any newbies will keep making is trying to learn as fast as possible becau6there major motives I'm the market is to earn profits for themselves without having the patience to learn what trading is truly is and how to go about it to be a better trader. We should be always working on becoming a better trader rather than rushing things too fast because we want to be making huge profits from the market like the pro traders who had been in the market for so many years learning and debugging at the same time to be a better trader.
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