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Author Topic: I quit trading  (Read 240635 times)
ss1980
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October 25, 2017, 08:22:18 AM
 #2041

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.

Well, you can park your BTC in Altcoins, if you're not afraid of volatility, like here https://stocks.exchange/trade/AAA/BTC. But definitely you should get out of BTC as November comes and the hard fork will collapse the price of BTC by half at least. So act quickly. Gold, altcoin, fiat, anything better than BTC come November.
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Soranith
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October 25, 2017, 08:38:29 AM
 #2042

When I was a beginner, I very often left trading. Especially if I was losing a large amount. But I still returned back. This is a very good way to earn. Just need to be able to do it.
As a newbie I think we can't avoid losing in trade because we still don't know what we are doing or our knowledge is still not enough but having those experience it will give us lessons and that is the reason that we learn what to do next every time we make mistakes. Successful trader had their share or losses too and they did not give up until they master the art of trading. So I believe we can also do it just like them.

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eltradestor
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October 25, 2017, 09:04:47 AM
 #2043

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.

I think you should split the money. keep some in a safe wallet and invest the rest in real coins with good usecases.
Cosbycoin
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October 25, 2017, 10:27:19 AM
 #2044

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.

Do not give up just because you lost some of your coins. When you did something wrong it means you learn something, so never give up and learn from your experience that is how every traders are dealing everyday.
Everyone here wants to become expert trader so that they can earn more and more but they all don’t want to adopt the abilities and scheme of plan that have been followed by the experts. The most important thing in business is to cover yourself up with loss right after it happens. You don’t have to be sticked with it even for a short time. No, don’t give up, forget it, and rather learn from it.


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NutMasterTardd2
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October 25, 2017, 10:36:38 AM
 #2045

You gave up 10 years too early, you will be full of regret in another 5-10 years..

This is the game, you have to learn to play long term or you will lose money. Selling at a loss is your choice, but even now 10 BTC is worth more than 50 BTC 2 years ago.. Time is the best way to grow your money. LTC dumping from $50 to $2, those hold to see LTC at $90 a couple years later were smart, at the time people said they were idiots.

:: Elastic - The Decentralized Supercomputer ::
STEVEN 777
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October 25, 2017, 11:06:12 AM
 #2046

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.

Best way is Hold and exchange it to $ when price up till exchange all

then buy new car or small house and enjoy
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October 25, 2017, 11:23:34 AM
 #2047

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.

Simple hold your coins and wait.
Clavulanic
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October 25, 2017, 01:19:04 PM
 #2048

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.


Hope you didn't really withdrew that funds. If you didn't the 7BTC that you lost was compensated by the increase on today's price.
Even if he held that bitcoin his losses were not justified by the price increase, he could have just held his bitcoin and he could have made money that way and he could have used the time he invested in trading in opening a business or something else that actually produced profits.

I think its a big regret if he had quit on trading and that money that will be earned from the trading income really can helped him established better business which can have earn passive income. That particularly happens when a person's emotions is not managed and controlled in a right manner, basically patience is important in most cases of managing every person's emotion. With this current scenario we must be able to determine how strong we are with our trading decisions and if we can survive that struggles like fears and panic, then we must act and wait for the right price to sell so we can take that profit we dreamed for.

coinplus
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October 26, 2017, 04:19:44 AM
 #2049

Me too man, I much prefer investing into Bitcoin for the long term and that is it, no more trading for me, too much stress!
I really feel you man!
As much as trading can be so fun when you are making some pretty good cash is the same way it can be stressful when predictions are going wrong. This predictions is dependent on how knowledgeable you are and with a bit of an experience.

No doubt, trading is stressful and there is no way you want to make some pretty good cash that will not come with its own stress, but if you are good at predicting effectively from analysis, you will see that it is not as stressful as it seems, than when just gambling the charts.

Bosx1ne
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October 26, 2017, 04:29:27 AM
 #2050

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.
I think you should not quit in trading. Losing your money is part of the trading and you can learn many things by committing mistakes in trading. You should learn from your mistakes and use your knowledge to make money.
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October 26, 2017, 07:21:02 AM
 #2051

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.

Do not give up just because you lost some of your coins. When you did something wrong it means you learn something, so never give up and learn from your experience that is how every traders are dealing everyday.
I think if you are not doing well in the world of trading, then it is a better option to take a break instead of just suffering loss again and again. Trading is an art and not everyone is an artist. For trading, you really need to have a very good amount of knowledge with sharp mind. Before stepping into trading, you need to learn lot of things. Quitting is a good option if you have something in your mind.



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October 26, 2017, 07:37:52 AM
 #2052

Me too man, I much prefer investing into Bitcoin for the long term and that is it, no more trading for me, too much stress!

If you believe in a mining rig or other network-related investments, you can unleash a load of fudamental analysis and start living a quieter life. Of the many correspondences that I do, many people stop trading because they already have enough capital to quit, none of them fail like many people cry from gambling addiction.
Even mining can go wrong for those who just opt into anything without proper learning or laziness to learn.
I totally agree with you that compared to gambling, it is hard to see a good trader coming out to quit unless they want to diversify or just retire with what they have and invest into something not more tasking like mining, which to me is also a very effective way to earn as well.

It is just acting smart that matters and not just investing blindly like most people do, looking for shortcuts.

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October 26, 2017, 08:11:23 AM
 #2053

If you don't have time to trade. You can give your money to bot. It will trade for you. You can find NapoleonX project to understand what I said.  Wink

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October 26, 2017, 06:41:23 PM
 #2054

Me too man, I much prefer investing into Bitcoin for the long term and that is it, no more trading for me, too much stress!

If you believe in a mining rig or other network-related investments, you can unleash a load of fudamental analysis and start living a quieter life. Of the many correspondences that I do, many people stop trading because they already have enough capital to quit, none of them fail like many people cry from gambling addiction.
Trading is better than gambling if we are serious with our purpose of making money, in trading we will grow if we are eager to learn while in gambling it's only few people who are successful and that means the rate is very low. We need to choose where to focus and since the statistics would say that gambling is hard to win then there is no point of focusing on it to make money as it can never happen.
Seriousness first, and then the enthusiasm to learn and put those learning into effective practice.
Every experience in trading comes with a little knowledge on how to always do it better and there is just no cutting of corners to it. Trading is a profession that can be learned and done well, but gambling is just based on pure luck and no matter the strategy anyone will ever say they have, house edge cannot be beaten.
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October 26, 2017, 08:49:56 PM
 #2055

Now that trading is much more like a dice, this is the time the wise use to expand the scope and horizon of his knowledge as the green days draws near.

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October 26, 2017, 08:54:28 PM
 #2056

Now that trading is much more like a dice, this is the time the wise use to expand the scope and horizon of his knowledge as the green days draws near.
If trading is like a dice game to you you're doing it wrong and should probably stop and study first.

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October 26, 2017, 11:15:27 PM
 #2057

You gave up 10 years too early, you will be full of regret in another 5-10 years..

This is the game, you have to learn to play long term or you will lose money. Selling at a loss is your choice, but even now 10 BTC is worth more than 50 BTC 2 years ago.. Time is the best way to grow your money. LTC dumping from $50 to $2, those hold to see LTC at $90 a couple years later were smart, at the time people said they were idiots.
It's not that easy to be patient and wait for long time ,
People tend to make a quick bucks no matter it's trading or an investment ,
Cutloss always be a safe action rather than to let your whole money disappeared ,
It's normal as a newcomer to do that , but when you have experienced it all you will be more careful making decisions.



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jostorres
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October 27, 2017, 10:56:47 AM
 #2058

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.

Do not give up just because you lost some of your coins. When you did something wrong it means you learn something, so never give up and learn from your experience that is how every traders are dealing everyday.
Unfortunately, not everyone knows that and I really do not blame them.
If you opt into anything without going through the proper channel, then it is always the same way those people will bounce out.

Some people always have the feelings that they can just hit the ground rolling, learn from experience as they go on and once they start losing a lot, they start crying trading sucks. Learn first, practice with little, fail and learn from it and get better before you load up.

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October 27, 2017, 11:28:50 AM
 #2059

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.



Do not give up just because you lost some of your coins. When you did something wrong it means you learn something, so never give up and learn from your experience that is how every traders are dealing everyday.
There is a limit for everything, you don't allow yourself to keep losing in trading because if that will happen that means you are not learning and it's better to quit and minimize your loses then look for something else that would give you a real profit. Maybe, investing by holding your bitcoins is just a safer one and the most fit for you.


No matter how much you know about trading, we can do a lot of damage when manipulating. So just information is not enough.



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HAS BEEN RELEASED!


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Rainbot
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October 27, 2017, 01:09:06 PM
 #2060

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.

Do not give up just because you lost some of your coins. When you did something wrong it means you learn something, so never give up and learn from your experience that is how every traders are dealing everyday.
That would be right in most cases, but some time we must stop for a second and think if we are good in it and is that job for us. Not everyone is born to be a trader. There are a lot that person needs to know before entering  Bitcoin trading world. Some time its oke to step away, we are not made for everything.

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