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Author Topic: I quit trading  (Read 230322 times)
Superzpay
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January 23, 2017, 02:55:28 PM
 #1141

I come to a point where I need to question my staying in trading. I give it a try, but I lost too much. And several times I said no more and after some time I come back and try again.
I'm quitting, but I will not run away when I hear for some good investment coin. When I see some good tip I will try to cut my losses a bit.
Its  really good to  put  up  money when you saw theres a  potential  or opportunity that we could able to earn from it.  Trading  may not  for us  for some   time but  with  the help of others such  as giving   us some  tips we could somehow  follow them and  luckily could able  to make profits. Quiting  is not  a way though   but   if  you learn  how  to  dive  up  opportunities  then  its really a good  move anytime.
In trading, we should know the price movement that happened in last month, last week, last day and today,
so we will easily read the suitable price to us trade it. I suggest to trade Iconomi coin (ICN),
I think, Now, this is the best coin for trade.
ICN and some other coins are really better to trade but nowadays focusing on these altcoin is not good because nowadays the time is to invest in bitcoin only because the price of bitcoin is increasing much higher. The bitcoin investors will earn higher than any altcoin investor.


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January 23, 2017, 06:56:39 PM
 #1142

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

So, after 2 years hard and bloody work you end up with not so small minus. There is new topic every few days about how to make more money, I hope I wont see another "start trading" advice. Like people dont realize its really not that easy, that you gotta learn for years, lose some money on the way to even call yourself trading beginner. And I dont think people posting those threads have much bitcoin to spare, otherwise they wouldnt ask those questions.

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January 24, 2017, 03:17:12 AM
 #1143

I'd just keep the BTC though..
Price is still going up!

yes just trust your self on trading and thanks to you for updating me that price pumping right now. Trading is a matter of fact that you controlled your own money by your prediction or instinct that how you will keep flow of money that you holding on your hand that can make a cause of positive and negative result, like this bitcoin just buy low and sell it high when the days come.
to quit trading is not the right solution, i think if you want to become a good trader you need to have strong decision power and only then you can make a good profit in trading. therefor you need to change your strategy and not to quit gambling.
The op dedicated 2 full years to trading and he did not make any profit out of it he could have been better just holding his coins, so there are times where the right thing to do is to give up and move on.

I totally agree with you at times the best thing to do is to quit, trading requires a high level of discipline to succeed in it on the long run, and what most people don't understand is that when you make a profit, someone out there is losing money. I tried trading myself and I realise it is not meant for me and I decided to drop it.
It does not mean you cannot try again later but if things don't work out you can give up for the time being sometimes I don't understand a subject only to realize weeks or months later of my mistakes I made and then everything becomes a lot clearer and I have better understanding of what happened.



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January 24, 2017, 06:52:10 AM
 #1144

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?


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January 24, 2017, 07:53:27 AM
 #1145

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?

Well primarily that is why all traders quit. Do you think if they are profiting so much from it they will quit trading? I don't think so. They'll continue trading as long as it is profitable for them. Quitting is not always a loser's move. It's just that maybe trading is not for them, quitting while he's ahead or lost a small amount is a good move, I would say.

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January 24, 2017, 02:11:58 PM
 #1146

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?

Well primarily that is why all traders quit. Do you think if they are profiting so much from it they will quit trading? I don't think so. They'll continue trading as long as it is profitable for them. Quitting is not always a loser's move. It's just that maybe trading is not for them, quitting while he's ahead or lost a small amount is a good move, I would say.

Unless they find a more rewarding occupation or business

And not necessarily more rewarding in monetary terms. Let's be honest, trading is a risky business, you have to be always on alert as well as ready to act without delay, and it is telling on your psyche and state of mind. You may even end up in an asylum eventually (or jump out the window). Sometimes, it is not worth the effort even if you come to substitute trading with something less profitable but more pleasant overall

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January 25, 2017, 08:28:42 AM
 #1147

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?

Well primarily that is why all traders quit. Do you think if they are profiting so much from it they will quit trading? I don't think so. They'll continue trading as long as it is profitable for them. Quitting is not always a loser's move. It's just that maybe trading is not for them, quitting while he's ahead or lost a small amount is a good move, I would say.
yes that is a fact that if a person is getting a good profit form trading why will he want to quit trading, without some exceptional cases where some many have some personal problem moving from one place to another or started some other more profitable business but in common no one will ever like to stop quit gambling if he making good money from trading.
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January 25, 2017, 08:43:20 AM
 #1148

So no profit from the trading over 2 years? If you store them in a cold storage you will be in profit now, according to the btc price now.
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January 26, 2017, 12:39:07 PM
 #1149

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?
if a person is quitting gambling because of losing money, so i am not in favour of this. disappointment is not the solution,  i think quitting gambling is not a good idea. you should try to change your trading strategy, your planning and hope that you will get better result.


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January 26, 2017, 01:16:35 PM
 #1150

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?
if a person is quitting gambling because of losing money, so i am not in favour of this. disappointment is not the solution,  i think quitting gambling is not a good idea. you should try to change your trading strategy, your planning and hope that you will get better result.
As what i have read from op hes trading already for almost 2 years which i could say that its already long enough to make your own methods that would make you profits.He found out that hes not profitable already and seen that he is getting negative profits thats why he decide to quit trading and i think he did a good decision because there are things that wont work on us anytime.

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January 26, 2017, 01:58:50 PM
 #1151

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?
if a person is quitting gambling because of losing money, so i am not in favour of this. disappointment is not the solution,  i think quitting gambling is not a good idea. you should try to change your trading strategy, your planning and hope that you will get better result.
As what i have read from op hes trading already for almost 2 years which i could say that its already long enough to make your own methods that would make you profits.He found out that hes not profitable already and seen that he is getting negative profits thats why he decide to quit trading and i think he did a good decision because there are things that wont work on us anytime.
Well i think if he can not actually making a good profit its ok that he will be quit since he is not making a good profit
But it is not the case for those who are making good profit in trading to stop making profit in trading.. not all people will be the same path and i think it will still depends in your methods or strategy. in trading you should do test and success if you fail just repeat since you fail its an experience that you can  start again that you can use your experience from the beginning of new trading journey..

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January 27, 2017, 03:22:27 PM
 #1152

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?

Well primarily that is why all traders quit. Do you think if they are profiting so much from it they will quit trading? I don't think so. They'll continue trading as long as it is profitable for them. Quitting is not always a loser's move. It's just that maybe trading is not for them, quitting while he's ahead or lost a small amount is a good move, I would say.
yes that is a fact that if a person is getting a good profit form trading why will he want to quit trading, without some exceptional cases where some many have some personal problem moving from one place to another or started some other more profitable business but in common no one will ever like to stop quit gambling if he making good money from trading.
I think that people who are a long time in it, in fact, have a lot of experience and probably like what they're doing. But I think there comes a point where those people have enough money to live for the rest of their lives, and maybe they want to spend more time on other things. Anyway, I think people who really like this will always have some kind of contact with the business.

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January 28, 2017, 03:44:48 PM
 #1153

to trade you also do not have to trade using your bitcoin with altcoin exchange, you could see here for a better you could try to look at this to buy some stock in trade of MERCATOX sites, you can hold their shares by buying Merca
https://bitcointalk.org/index.php?topic=1766292.msg17637846#msg17637846

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Zadicar
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January 28, 2017, 04:11:14 PM
 #1154

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?
if a person is quitting gambling because of losing money, so i am not in favour of this. disappointment is not the solution,  i think quitting gambling is not a good idea. you should try to change your trading strategy, your planning and hope that you will get better result.
As what i have read from op hes trading already for almost 2 years which i could say that its already long enough to make your own methods that would make you profits.He found out that hes not profitable already and seen that he is getting negative profits thats why he decide to quit trading and i think he did a good decision because there are things that wont work on us anytime.
Well i think if he can not actually making a good profit its ok that he will be quit since he is not making a good profit
But it is not the case for those who are making good profit in trading to stop making profit in trading.. not all people will be the same path and i think it will still depends in your methods or strategy. in trading you should do test and success if you fail just repeat since you fail its an experience that you can  start again that you can use your experience from the beginning of new trading journey..
Well you have a point but every person has different mindset even what things we would advice to him and if he decide to leave or quit trading because he lost then we cant do anything about it since its his own money not ours. Being failed to a certain thing should not be a marker for us to give-up so easily but in the situation of OP i could say that he did the right thing.

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January 28, 2017, 11:37:38 PM
 #1155

There are so many reason when we talk about the world "QUIT TRADING".  Perhaps you are quitting due to always loss of money, Your quitting because you became impatience of waiting, or your giving up because you are tired of doing it were you felt nothing is happening good on your trading, something like that. But as we all know, Loser always quit, and Winner always win so which of these really who you are?
if a person is quitting gambling because of losing money, so i am not in favour of this. disappointment is not the solution,  i think quitting gambling is not a good idea. you should try to change your trading strategy, your planning and hope that you will get better result.
As what i have read from op hes trading already for almost 2 years which i could say that its already long enough to make your own methods that would make you profits.He found out that hes not profitable already and seen that he is getting negative profits thats why he decide to quit trading and i think he did a good decision because there are things that wont work on us anytime.
Well i think if he can not actually making a good profit its ok that he will be quit since he is not making a good profit
But it is not the case for those who are making good profit in trading to stop making profit in trading.. not all people will be the same path and i think it will still depends in your methods or strategy. in trading you should do test and success if you fail just repeat since you fail its an experience that you can  start again that you can use your experience from the beginning of new trading journey..
Well you have a point but every person has different mindset even what things we would advice to him and if he decide to leave or quit trading because he lost then we cant do anything about it since its his own money not ours. Being failed to a certain thing should not be a marker for us to give-up so easily but in the situation of OP i could say that he did the right thing.

Yeah OP did the the right thing but there would be many people who will not quit trading so easily there will be many who will try to recover their loss but if you feel that trading is not the right place to make money then its better to quit trading and find some other ways of making money.



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virasog
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January 29, 2017, 04:42:31 PM
 #1156

to trade you also do not have to trade using your bitcoin with altcoin exchange, you could see here for a better you could try to look at this to buy some stock in trade of MERCATOX sites, you can hold their shares by buying Merca
https://bitcointalk.org/index.php?topic=1766292.msg17637846#msg17637846

Well, i think people should need trust, and also i am, Because many persons are here who want to do in investment or altcoin trading, But if we don't do it behind the reason, people have no trust on any sites. But i am with you, it is quite trustable trade of Mercatox site. 

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January 29, 2017, 05:39:23 PM
 #1157

sometimes, a lot of people who want to get out of trading for a reason, and the most common reasons is that they have tired of waiting pump of a altcoin. Well, they easily give up, and do not want to continue anymore. I feel might be good if they find a place to get bitcoin else, but if not, I think it would be a loss.

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January 29, 2017, 05:56:14 PM
 #1158

Trading is not an easy job and if you face some failure and losses you can easily find your self in situation to give up. Setting up clear your limits and goals could help maybe not to give up as well as the fact that you will become more experienced and skilled with time so your trading position will be better. Stick to your goal and don't give up, trading is still one of the best ways to earn Bitcoins.

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Potato Chips
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JOLYY - The future of beauty!


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January 29, 2017, 06:05:29 PM
 #1159

sometimes, a lot of people who want to get out of trading for a reason, and the most common reasons is that they have tired of waiting pump of a altcoin. Well, they easily give up, and do not want to continue anymore. I feel might be good if they find a place to get bitcoin else, but if not, I think it would be a loss.

Yes that's the most used reason and honestly I get thoughts to quit because of that from time to time and I think everyone does

cause all of us don't wanna lose our money, You can't help it. It's normal but I don't know if this is the right thing but there is

always a way to cope up with these kind of problems. As for me, When I get this thoughts, I just have to feel motivated by

remembering why I started trading and my long term goals with it.

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Invester
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GET IN - Smart Ticket Protocol - Live in market!


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January 29, 2017, 06:14:08 PM
 #1160

Sometimes it made me think which is easier to trade stocks, forex or crypto? Stocks are the most stable and reliable I believe although it has some whales and some pump and dump but at least not as scary as crypto and the well manipulated forex trade. But the higher the risk the higher its rewards which is forex, crypto and stocks.


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