Topic: Stop Trading - page 5. (Read 1041 times)

Day trading is the most difficult type of trading, which is tiring and it seems to me that it is impossible to do it constantly without a break without losses, because you begin to get tired and in this case mistakes will be inevitable. You need to maintain a balance in this matter so that it does not cause you emotional overstrain. Losing trades can also negatively affect us, this also needs to be taken into account and breaks on such days in order to recover properly.

I think that every trader should learn to listen to himself and see when he can trade and when it is better to stop and rest. I determined for myself a long time ago that medium-term trading is best for me, it doesn’t tire me and gives me more free time.

That requires a long term approach for sure. If you want to dedicate to yourself to having some sort of improvement that could reach to a point where you are going to end up studying for months, which is not a short term goal. I have always said it, even though it has happened to a few people during the bull runs we had, usually crypto is not a place to just get in and make a profit quickly, that's not how it works.

We need to make sure that we get in for the long term and do better. This doesn't mean a long term investment where you hold for too long, you could trade daily but do it for the long term, so trading daily everyday for a year for example. That would still be a good thing and could give you a better return.

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 is not as easy as saying. it's good to provide a solution for that. Technological progress cannot be stopped, even saying this is wrong. unless it can be completely destroyed without any remains. I understand that many people spend their assets here. but many people are also helped by trading. so it's still a balance, everything seems to have its pros and cons.

Commitment is needed for sure, but it's not really just about whether you have a short-term goal or a long-term goal with your crypto trading activities, as long as you are dedicated to learning and understanding everything, you can even get fruitful results for your short-term trades since you will be doing everything with care and you will have enough understanding of the market to act according to the market sentiments and how the situations are unfolding over time.

Whether your goal is long-term or short-term, you will always need to show the same level of dedication and commitment, and your focus should be on your goal and not on shiny things here and there which will become the biggest distraction for you and you will lose focus and sight of your destination.

Trading needs a long preparation not only when it comes to your funds but a big part of you should also be committed enough to take its risk and handle it with caution. Otherwise, if you trade for short term goal, you will never be satisfied completely but if you have set long term goals for trading, initial losses should not bother you because in the end, you will gain satisfying profits that only long term trading is able to give you.

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.

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.

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.

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.

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.

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.

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.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

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

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.

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

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.

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.

When the market does not favor what you want to happen in trading based on your analysis, it indicates you do not have to force yourself to trade that day. You may be dealing with the risk and volatility of the coin or bitcoin you are trading.

It is also required since, as an independent trader in the crypto world, you must be responsive to market action. That's accurate, there will be periods when we will make money and times when we will not be able to make as much.

it doesn't matter if it stops. But did you know that crypto trading or other risky trading has high fluctuating prices so it can be used to make profits quickly. This is the advantage, I think there is no need to think about the risks, how can we really know before trying it, right?

1) Series of Losing Trade
If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

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

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.

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes.

if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.