Topic: Temporarily stop crypto trading? - page 3. (Read 1599 times)

Indeed the market started to show a good standing at this moment, but possible crash is expected to happen. This was the history when btc price still aiming to hit that $9K period, and now we're probably going to experience it again. That's a normal occurrence to happen, specially when some longer term holders need to dump an asset which they thought could provide them quicker profit gains.

If it is only temporary stop, then you are waiting for something to resume your trading activities.
When will you back trading in cryptocurrency ? The market start to going better and green for now.
Loss only small amount is not a problem, as long as you can afford it.

Now it is better to transfer Bitcoin to stablecoins for a time, because strong market volatility is possible.
get out of altcoins and just do not trade for some time, or at least with maximum stop loss

Yes and actually I owe money for some people. I am going to decrease my leverage and now I changed my mind, because I lose capital due to high leverage. Reducing leverage will help me. Also I am taking part in traders competition

Funny you should ask. Before I became a successful trader, I have lost... countless of times. However, each loss has helped me in improving my strategy. What I have realized in my 4 years of trading is that you will lose, eventually. However, your next step of action after every loss depends on how much percentage of your account you lost, which in turn depends on how much you risk per trade. a person who loses all of his accounts entirely is most probably over risking/overleveraging. I have heard of traders who risk over 30% of their accounts per leveraged trade on bitfinex. That's hilarious!

So, yes, I have made a lot of losses in the past. However, I have moved past that now. I still make little losses of course. But these losses are very minimal and take a very insignificant part of my account. however, when I do profit, I profit big.

the key is to find a strategy that allows you to win big in case of good trades and lose small in case of bad trades. that's what my strategy is all about. Also, i simply don't leverage anymore. that's because in the real sense, leveraging in crypto can stop you out in a matter of minutes because of the high level of volatility. Hence, with this volatility,  you don't really need leverage to make a lot of money.

I hope you get back to crypto-trading soon. however, this time, it may be better for you to use a broader approach and think long-term.

Suffering from financial losses in crypto trading also has some upside: it prepares you emotionally for new opportunities (unless you literally gambled away your house...).

Taking a small break can be a lifesaver sometimes from my own experience. Crypto markets are volatile and every trader can give back all winnings in a single minute or even faster than the blink of an eye in case of big ban stream by G10 countries.

Trading involves either making profit or loss and it can take all your money to lose or a little to gain from trading. That is why the exchanges have implemented a stop-loss feature to help people from losing all their assets. If you keep losing, the best thing to do is to stop trading for some time and come back late. Some may not come back again but it's in their own interest.

Gain and loss are common things in cryptocurrency trading, why did you stop trading already ?
If you weren't stop, you might gaining profits. In crypto trading, some peoples loss, and some peoples gain,
for example this guy : https://bitcointalksearch.org/topic/benefits-in-cryptocurrency-trading-5149840

That is a good decision. When you lose too much, relax. then you come back will have more new look on the market

Yes, many have stopped trading,in General, many traders have already left the market,but when the movement goes up,most likely they will start again to come,and will increase with each moment,it's like a growing wave will be,so we are waiting for the beginning of market growth,and everything will be great,and growth in any case will be

trying something with learning is a good thing to add to your knowledge and experience.
trying to be patient even though the conditions are not good and live quietly, Crypto can move better and to fix it it takes time and process.
of course there are many risks here so we must be vigilant and must be prepared for whatever will happen, deal well.

Yes I have also experienced such,  the best thing that you can do for your self is to stop day trading,  stop following lots of telegram group signal calls,  most of the guys there don't understand technical analysis TA,  all what they do is guess work with, they post a lots of signals On a  daily basis thereby you get confused by knowing the one to choose,  it's better to be a solid project HODL gang than day trading

Nice words .. Always learning and honing skills continuously is the most appropriate way to become an expert (Profesional Traders)

I think your decision is very good, if the loss becomes continuous, then you should really take a rest and ponder over it, think of the best way to come back or better still take some trading classes again and do some trading reading, that should also help.

you lose continuously in this time, i think this a best time for trading short time, but yeah if you dont have money you can't do that.
im not surprise if you lose when trading in 2018, but for now, maybe you need change your strategy.

Don't lose enthusiasm, if you have been in losses for a week or two stopping will be the best option. Take time to think of something better that you can apply to your trading technique otherwise you can just buy and hold and wait until the value of that coin goes higher. You can stop trading for the moment but you can continue buying if you are long term with some coins that you think will bring fortune to you one day. Everyone experienced losses but it's up on how you will look at it, as positive or negative learning.

I think most of us here encountered that, being loss is part in our journey in crypto. So once we hited on that losses that the time we also improve and betterat the same time. Some failure people are the one got the success because they take the risk to face it with all courage.

I have never traded so I have never felt a loss from trading, but by looking like you say, you need more knowledge, because knowledge and experience are very helpful.

trading follows market movements and we may have to move quickly so we don't lose good moments.