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Author Topic: I quit trading  (Read 230057 times)
Ignacia
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October 10, 2017, 07:36:04 AM
 #1941

not bad, you can spend your money to buy BTC when it will cost 1000-2000$, it will be good deal

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October 10, 2017, 07:41:06 AM
 #1942

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

Spend it. I dont know what you are into, but there are lots of things you can buy with BTC directly. If not, you can still sell the BTC and buy with your local currency.

Just in case its not obvious: Not everything at once.

it seems like you dont set goals
if you dont have planning on how to spend your money how much more how can you make  profit with your bitcoin trading


setting goals can be a good solution to us because this will be like a reminder to us how much we want from trading. but if we want to quit for a while then its no problem too. i think you can spend your money to buy something you want or you can just invest in bitcoin only and after you bought bitcoin, you don't need to take a look with the price on the market. you just buy bitcoin for a long term and you can act like a bagholder which don't sell your bitcoin if the price is still in under $7500.
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October 10, 2017, 07:48:41 AM
 #1943

I have done great economic damage these days. Trading does not make much profit anymore and is very risky. So I just want to do mining.


     
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October 10, 2017, 08:10:52 AM
 #1944

I have done great economic damage these days. Trading does not make much profit anymore and is very risky. So I just want to do mining.
Of course, when too much people trying to make profit in trading. There will be more people losing to provide for winning people. So trading just becomes harder for you not for everyone. You're not fit with trading. Better quit before you lose everything mate. I would suggest you to try with PTC ( Paid to Click). It would be better or Gambling is not a bad choice too.
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October 10, 2017, 08:14:39 AM
 #1945

Trading can be frustrating at times.
But quitting trading doesn't mean you have to quit holding some  Wink
Hahahaha you are so fantastic. It is really a matter of fact that when you are frustrated then you may be taking some decisions that will not be in your advantage. So better is to give up at that condition, give up to emotions only. And like you said, if you finally decide that trading is not for you, what is bad to continue holding only.


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cah ndablek
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October 10, 2017, 08:58:49 AM
 #1946

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.
If my suggestion is better this trading result is used as business capital just for example to set up boutique or place to eat like restaurant.so that from the business you still earn money every month from your money in tube in bank which does not mean anything in life you later.

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October 10, 2017, 09:07:52 AM
 #1947

I have done great economic damage these days. Trading does not make much profit anymore and is very risky. So I just want to do mining.

I think trading can still be profitable for as long as you have the skills and you know what you are doing and I think its normal to have some loses in trading even those professional traders also experience loss from time to time.
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October 10, 2017, 02:39:19 PM
 #1948

So how do you feel now is a good time for trading? Or a good time has already passed. And in general, how to start trading? Where should I start?
If you really want to get into trading, I will personally suggest trying trading with small amount of the respective coin you are holding. Trading is the popular method of making money in the crypto world but for that you need a lot of practice and courage. Without these two things you are going to face failures countless times in crypto market. Trading needs a lot of home work and skills. Good luck!

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October 10, 2017, 04:08:32 PM
 #1949

This is not a good idea, giving up means you lose. there is still plenty of time to learn.
you must have a teacher or mentor to let you understand the safe trading style.  Cool
You need to be very much brave and you need to be having a big heart if you are into this world of trading. It is not a bad decision actually if you are planning for quitting the trade. In fact, I will support you in this aspect especially when you are not doing much well with the trading. You need to take a break so that you can start again with more zeal and zest.
I do not see why someone will classify not quitting a good idea. If the OP or anyone feels they have tried their best and it is not just working out for them, then why not? The thing is no matter how some people learn, there are just some attributes in them that may not really be of much help in trading.

So it is either they find out those attributes and work on them or they just look for something else to do. However, for those who did not even make an attempt to learn, then it is better they find best means possible to retrace their steps rather than quitting cause of their own mistakes.

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October 10, 2017, 04:29:33 PM
 #1950

This is not a good idea, giving up means you lose. there is still plenty of time to learn.
you must have a teacher or mentor to let you understand the safe trading style.  Cool
You need to be very much brave and you need to be having a big heart if you are into this world of trading. It is not a bad decision actually if you are planning for quitting the trade. In fact, I will support you in this aspect especially when you are not doing much well with the trading. You need to take a break so that you can start again with more zeal and zest.
I do not see why someone will classify not quitting a good idea. If the OP or anyone feels they have tried their best and it is not just working out for them, then why not? The thing is no matter how some people learn, there are just some attributes in them that may not really be of much help in trading.

So it is either they find out those attributes and work on them or they just look for something else to do. However, for those who did not even make an attempt to learn, then it is better they find best means possible to retrace their steps rather than quitting cause of their own mistakes.

Agreed. It can't workout for everyone, the profit one trader makes is money out of another traders pocket.

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October 10, 2017, 04:32:41 PM
 #1951

You are one damn lucky guy , having 40bitcoins is too much. I am sorry that you lost some of your initial investment though.

I suggest you cashout 70% of your bitcoins then use the remaining 30% to trade.don't give up  this time.

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October 10, 2017, 06:30:45 PM
 #1952

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.

You can always step it up to the real numbers. Take that scenario, multiply it by 100 and come play in the big boy yard. 7 BTC, I was just saying that each and every floor trader we have starts the day with that as trading power, and ends the day with nearly twice as much on an average day.
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October 10, 2017, 06:58:02 PM
 #1953

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.

Did last posters checked topic start date? It was 2 years ago. Who knows what happened to that 40 btc..

But honestly, how can someone advise what to do with money not knowing actual needs, life position and status.. The only thing that comes in mind looking on how btc grew for this past 2 years - to hold, hold, and to enjoy watching price goes up.
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October 10, 2017, 07:16:54 PM
 #1954

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.

Did last posters checked topic start date? It was 2 years ago. Who knows what happened to that 40 btc..

But honestly, how can someone advise what to do with money not knowing actual needs, life position and status.. The only thing that comes in mind looking on how btc grew for this past 2 years - to hold, hold, and to enjoy watching price goes up.


I don't think any one really pays attention to it at all. But you are right that you cannot say what is right because it depends hugely person to person. I would advise anyone to hold their bitcoin but frankly if I had 40btc I would likely cash out a large amount to secure my future in some way.

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October 10, 2017, 07:22:02 PM
 #1955

Especially this days with high volatile you need to have great patience and discipline trading
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October 10, 2017, 08:25:46 PM
 #1956

It is not that easy. Even if you read the trend you might guess 5 movements and the 6th one will go bad and take 100+% of the previous 5 ones. It is just a matter of time. Perhaps it will happen now or in 5 years. So nothing is gained on the long term...
Even the pros will make you understand that it is not always a win win situation. Good knowledge can make you minimize loss, but ability to see the future will only make you to always win which we both know it is not possible to see the future. Like you said, if you have 6 trades, you might win in 5 but you do not have to lose the 6th one badly if you know when to stop and cancel the trade.

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shata
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October 10, 2017, 09:37:34 PM
 #1957

It is not that easy. Even if you read the trend you might guess 5 movements and the 6th one will go bad and take 100+% of the previous 5 ones. It is just a matter of time. Perhaps it will happen now or in 5 years. So nothing is gained on the long term...
Even the pros will make you understand that it is not always a win win situation. Good knowledge can make you minimize loss, but ability to see the future will only make you to always win which we both know it is not possible to see the future. Like you said, if you have 6 trades, you might win in 5 but you do not have to lose the 6th one badly if you know when to stop and cancel the trade.

I agree on this matter,  pros sometime fail due to trading isn't good for the coins that's been holding for several months and it took up a year upon achieving good pumps. But other investors were courageous to face the very big challenge and won't ever quit and always controls their emotions.

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ThunderCatSteve
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October 11, 2017, 01:09:20 AM
 #1958

Trading can be frustrating at times.
But quitting trading doesn't mean you have to quit holding some  Wink
It can actually be very frustrating. Trust me and these are some of the things you need to understand to prepare yourself emotionally before even considering it. The thing with trading is that shit happens and there are some atmosphere like the one we are experiencing right now, that can easily piss you off.

The most important thing is to know when to calm down, when to either stop or continue and when to just close your laptop, I am not doing this until the cloud is clear. So, it totally depends on you.



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.ANGEL TOKEN.
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ronafurw
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October 11, 2017, 07:27:10 AM
 #1959

The question is: can anyone stop trading?? It is so addictive... But seriously, I think that if someone has a lot of money and does not know what to do with it, instead of trading he should just HODL. Pick the best projects, screen the team members, their goals, activity on social media and just hodl for some time. From my perspective, this is the best strategy when it comes to crypto. I guess technical traders will feel more secure with Forex.
Trading is not that risky or difficult job. Moreover, there is always a chance to recover the loss. The key to become successful in trading is to have some patience under bad situations. First of all, choose the right asset for investment ike bitcoin.

Hold during the dip or much better buy more coins at cheap rates and then sell some amount when the prices are high. That is all but still people get disappointed from it.
I disagree, newbie traders most often losses and trading is a totally risky for them. That's why they need to undergo this road to experience and gain some learnings along the way they trade.

Some get dissapounted because they have no contentment and always asking for more price jump and if its dumps they are dissapointed.

Some newbies always end up loosing badly because they did not even bother to know what to do in the process of trading before jumping into having experience. There is a step for everything and you need to pick each step one at a time. I have been in the newbie position before and made a lot of mistake until I searched for knowledge and realised so many mistakes I could have averted if I actually learned just a little.
That is why everyone who is into this world of trading suggests to new comers to learn the thing well before getting into trading. I must say that trading is an art and not everyone is an artist. You cannot become a successful trader until and unless you are not a learned man. So learn well, otherwise you will end up quitting trade in the early stage of your carrier.

aishyoo17
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October 11, 2017, 07:55:34 AM
 #1960

The question is: can anyone stop trading?? It is so addictive... But seriously, I think that if someone has a lot of money and does not know what to do with it, instead of trading he should just HODL. Pick the best projects, screen the team members, their goals, activity on social media and just hodl for some time. From my perspective, this is the best strategy when it comes to crypto. I guess technical traders will feel more secure with Forex.
Trading is not that risky or difficult job. Moreover, there is always a chance to recover the loss. The key to become successful in trading is to have some patience under bad situations. First of all, choose the right asset for investment ike bitcoin.

Hold during the dip or much better buy more coins at cheap rates and then sell some amount when the prices are high. That is all but still people get disappointed from it.
I disagree, newbie traders most often losses and trading is a totally risky for them. That's why they need to undergo this road to experience and gain some learnings along the way they trade.

Some get dissapounted because they have no contentment and always asking for more price jump and if its dumps they are dissapointed.

Some newbies always end up loosing badly because they did not even bother to know what to do in the process of trading before jumping into having experience. There is a step for everything and you need to pick each step one at a time. I have been in the newbie position before and made a lot of mistake until I searched for knowledge and realised so many mistakes I could have averted if I actually learned just a little.
That is why everyone who is into this world of trading suggests to new comers to learn the thing well before getting into trading. I must say that trading is an art and not everyone is an artist. You cannot become a successful trader until and unless you are not a learned man. So learn well, otherwise you will end up quitting trade in the early stage of your carrier.
Your point is 100 percent true bro, if someone doesn't have the skill in trading yet you should try at least learn how to do it before doing it. Losses will be there always so its better also to trade a little amount of money first since you are still in the process of learning.

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