Temporarily stop crypto trading? - page 10.

cahbagus555

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Quote from: panjay on June 09, 2019, 03:32:08 AM

that was good, a "revenge trade" was not a good thing to do when you desperate to have a profit after a serial of losses.

If I on your position definitely i will take a break for a while and just take a vacation or something until I in the mood again.

Indeed, when i got loss on my trade, i am prefer stop and lear more about technical analysis and evaluate my trading style. Revenge and want returning our losses as soon as possible is very dangerous because we trade with our emotion and not based on analysis

efxtrader

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Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

I think every investor and trader have this experience but many of them give up and not coming back to trade. Trade is not easy in market because the price always move with high fluctuation and i think we better learn technical skill first before start trading

panjay

sr. member

Activity: 1079

Merit: 352

that was good, a "revenge trade" was not a good thing to do when you desperate to have a profit after a serial of losses.

If I on your position definitely i will take a break for a while and just take a vacation or something until I in the mood again.

elpiji

full member

Activity: 532

Merit: 101

during decline in prices since 2018 I have suffered a lot of losses and since then I decided not to trade I only planned to save the assets that I have in ethereum and bitcoin and will return when the market stabilizes

Hanebel

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Activity: 363

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Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

I didn't stop trading, I only stopped visiting this site for a while. But looking at the market, why would you stop trading now that everything seems fine? The price rises and drops alternately which is a good profit points.

Leema

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Activity: 210

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I don't think holding a crypto assets without trading it's advisable. You can still make higher profits from trading. Though not as much profits expected cos of the market instability.

anehh

sr. member

Activity: 600

Merit: 250

Quote from: Twinkledoe on June 07, 2019, 04:50:49 PM

Quote from: Lan75 on June 07, 2019, 04:45:20 PM

I compared trading to gambling, there are just some bad days where we lost in a streak and that is just normal in this world. That's a good thing that you stop for a while and review what is going wrong and plan a strategy on your comeback.

And laid out the reasons why you failed in those days. Review your actions and assess which of those actions might influenced the most of your failure. At least, next time you know what you need to watch out for. Evaluating the situation would greatly help on your next battle. Don't lose hope. It is not the end of the game yet.

I think the crypto trade is different from gambling. About luck, doesn't everyone have luck? It's just about the strategy of when to sell and when to buy in the right time. I agreed to evaluate the losses I experienced, but did not agree with gambling. Thank you!

Jannyh

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Activity: 994

Merit: 4

I think you took the right decision to stop trading, all you need to do now is learn more, also attach yourself with people who you think are good, you could also learn one or two strategy from them. Also look at your trading pattern to see if you can detect what you have been doing wrongly, all these could help you be a better trader.

anehh

sr. member

Activity: 600

Merit: 250

Quote from: cytpoway121 on June 07, 2019, 04:37:00 PM

Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

Yes and perhaps I assume you were a little eager to get in the trade and missed the support levels
But still, gather the experiences, note them down and learn

Was the loss because you got in too early ? Or was it because you didn’t sell sooner ?
Figure it out and be better

I sell too slowly and the train has left. I will save experience as knowledge in trade, for now I choose to pause. But it does not stop at long-term investment. Investment and trade are very different right? Thanks.

DeepChipolino

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Activity: 658

Merit: 11

I think that cryptocurrency is predictable for short-term trading.
As for losses. Yes, you need to stop and view your trades. I usually take screenshots with arrows, where the time and price of the trade are visible. This allows me to see mine mistakes, as well as rebuild my trading system.

fosco333

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Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

That was unfortunately for you. I know it is because the market is red again in recent days.
Trading crypto coin is not easy as stocks, the market cannot be predicted easily.
I haven't lose my enthusiasm toward cryptocurrency because i believe crypto will bring profit.

maianh09

full member

Activity: 672

Merit: 100

Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

How much is your total loss? In the past few days the market has dumps but low levels of about 5-10%. I believe this is an acceptable risk. I wonder what did you do in the past day that made you stop all operations in Crypto?

styca

sr. member

Activity: 1078

Merit: 354

One important but often overlooked part of trading is patience. Many coins are cyclic in price vs BTC, so sometimes if a trade starts going the wrong way all you have to do is wait until the trend reverses. It doesn't always happen, and it requires some courage, but it is a strategy worth considering.

okour999

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Activity: 393

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The risk of trading is huge, especially the bitcoin price is not stable yet before the market, but you can still earn with the strategy of buying long-term and potential altogether tokens or altcoins.

Ss4sukE

jr. member

Activity: 406

Merit: 3

Quote from: Wayan_Pedjeng on June 08, 2019, 12:55:50 AM

Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

I have lost money on a number of smaller altcoins. But these losses never made me to quit the crypto sector. Losses and profits are part of any investment plan. I have faced losses from investing in other sectors as well (such as equities and mutual funds). The problem is that we think too much about the past losses and ignore the trades which gave us good profit.

I agree with your opinion, but I do not agree with this that not all traders can forget the losses in the past because that is a difficult thing even if you have experienced a large loss. but whatever it is in the form of investment or trade we must always remember the consequences too.

michellee

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Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

It's no problem if you want to stop trading for a while and maybe that is a good decision for you, especially if you think that you are suffered from the losses in recent days. Sometimes, I stop trading too if I feel that the market is running somewhere and I cannot predicting the trend. But I never lost enthusiasm for trading, and I continue trading in the other days because trading is my way to make money. I hope that you can start trading again in the next day after you feel you are ready to trade.

Wayan_Pedjeng

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Activity: 913

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Quote from: anehh on June 07, 2019, 12:54:04 PM

I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.

I have lost money on a number of smaller altcoins. But these losses never made me to quit the crypto sector. Losses and profits are part of any investment plan. I have faced losses from investing in other sectors as well (such as equities and mutual funds). The problem is that we think too much about the past losses and ignore the trades which gave us good profit.

Kezacky

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Activity: 746

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https://axiomapay.com/

cyrpto trade is currently still profitable for me, but if I am in your current position it is better to pause and think about raising money or occasionally trading for a small fee. yes this is the risk of trading, but I still like this because it's more profitable

christian07

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Activity: 265

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You need to stop if you can't afford to do investment here in crypto like if you don't have enough or prepare money then take it and do invest if you have like example if you earn in your job then risk a little coming from that another thing crypto investment is very useful for the people that don't have big capital that's why this turn really popular now

Al-e_x

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Once, at that time I also did the same thing as you did, stopped trading and collected while designing good trading strategies so as not to suffer the same losses

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