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Author Topic: I quit trading  (Read 241662 times)
monkeydominicorobin
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October 28, 2017, 05:48:02 AM
 #2061

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.

Good for you. Trading is a mirage. Just sit on your Bitcoin. Keep it to yourself. You have 200,000 Dollars. Soon it will be a million dollars.

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October 29, 2017, 06:05:54 AM
 #2062

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.
There are so many other things as well which you need to learn along with the information and knowledge. As far as quitting of trade is concerned, I think of it as the best option if you are not doing well in the world of trading.

Quitting is a good option for some period of time in order to learn more things which can help you in a better way. There is no point of losing your money if you are not performing well.



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October 29, 2017, 03:31:30 PM
 #2063

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.
I will support you in the regard that just information about market and your coin is not enough for trading successfully with your digital currency. Trading demands experience in addition to knowledge and for experience you should keep practicing trading with small amounts on famous exchanges. You can only check out the success rate of your strategy by applying it practically.
If you're not technically averse it would probably make more sense to get into programming and try to create a bot for trading.
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October 30, 2017, 04:46:03 AM
 #2064

If you're not technically averse it would probably make more sense to get into programming and try to create a bot for trading.
Trading bot will not be a very good option if you yourself are not good at trading. Quitting the trading is quite a normal thing and there are number of traders who decide this thing just because of the thing that they were not able to do well in the field of trading. Trading is quite a risky thing along with being technical. So, you have to prepare yourself in a well manner before stepping into it.
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October 30, 2017, 05:17:47 AM
 #2065

Before choosing this decision you should check all the possibility of your outcome from trading because if you are a good trader why you want to quit trading. And if you are not satisfied from trading then I think they should change the currency form one to another good currency they will not quit trading.

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October 30, 2017, 07:08:43 AM
 #2066

Before choosing this decision you should check all the possibility of your outcome from trading because if you are a good trader why you want to quit trading. And if you are not satisfied from trading then I think they should change the currency form one to another good currency they will not quit trading.
His reason why he quit in trading is simply because he is not good on it, he have spent a lot of time figuring how to be profitable but he did not achieve it.
There is a limit of everything and even if trading is profitable for some people we might not have the same destiny as they have.

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October 30, 2017, 07:24:34 AM
 #2067

Before choosing this decision you should check all the possibility of your outcome from trading because if you are a good trader why you want to quit trading. And if you are not satisfied from trading then I think they should change the currency form one to another good currency they will not quit trading.
His reason why he quit in trading is simply because he is not good on it, he have spent a lot of time figuring how to be profitable but he did not achieve it.
There is a limit of everything and even if trading is profitable for some people we might not have the same destiny as they have.
There are things that is not destined to you like trading where he find not profitable for him even he already did his best. Trading is not for everyone and quitting to the things that you are not good is a good decision for me because it will help you to find other things and open more opportunities that can be the answer for you to find a profitable way.


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October 30, 2017, 07:28:03 AM
 #2068

I wish I had 40 BTC! So you've discovered trading is not as easy as it sounds. The human element of emotion makes most people fail at trading. The natural emotional inclination is to buy when it's going up (fear of missing out), and sell when it's gone down a lot (fear of losing even more).  Unless you are a human robot you will always struggle with these emotions.
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October 30, 2017, 07:39:17 AM
 #2069

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.
This is somehow a misconception in the minds of a lot of people that if you want to get into trading you just read. And then start trading. No, practice is one of the vital, first step to be taken. Start with basic demo trading that is provide online, then make a very little investment, learn and win. If fail, learn more. So better is to implement that basic knowledge, don’t just read.

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October 30, 2017, 09:56:15 AM
 #2070

I wish I had 40 BTC! So you've discovered trading is not as easy as it sounds. The human element of emotion makes most people fail at trading. The natural emotional inclination is to buy when it's going up (fear of missing out), and sell when it's gone down a lot (fear of losing even more).  Unless you are a human robot you will always struggle with these emotions.
We are just human therefore we have emotion but that emotion would not be a hindrance in we will learn how to manage it.
Trading requires your knowledge or your skills therefore being emotional that would lead to failure to execute your game plan is a big hindrance to your success, even how smart you are but you failed to  manage your emotion, there is no room for your in trading and it's better to quit early to minimize the damage.

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October 30, 2017, 11:31:51 AM
 #2071

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.
No, he should probably be giving up on that by now. Did you even read that before commenting or you just read the headline? He has been trading for 2 years and now, invested 47 BTC and lost about 7 BTC, bro if it’s me, no way, I’m finding something else that is much better than trading and not waste my time on it. So I say give up.

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October 30, 2017, 11:49:53 AM
 #2072

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.

i think its normal for us too loose and do mistakes in trading because were only humans and were not  perfect ,  we must rather learn from our mistakes in order to get better at and you must never stop if you failed once because that failure will make you a better version of your self. yet we must still be knowledgable and also learn from other experts in order to apply it on our selves.
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October 30, 2017, 12:01:09 PM
 #2073

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.

i think its normal for us too loose and do mistakes in trading because were only humans and were not  perfect ,  we must rather learn from our mistakes in order to get better at and you must never stop if you failed once because that failure will make you a better version of your self. yet we must still be knowledgable and also learn from other experts in order to apply it on our selves.
All true, but studying should come before trying when there are serious consequences. You can't just send a spaceship out without knowing exactly what will happen... Just imagine if NASA "tried out" sending people to space.
Of course, if you don't care about losing money to learn, then that's perfectly fine. But it's a very inefficient way to go about it.
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October 30, 2017, 06:09:08 PM
 #2074

I wish I had 40 BTC! So you've discovered trading is not as easy as it sounds. The human element of emotion makes most people fail at trading. The natural emotional inclination is to buy when it's going up (fear of missing out), and sell when it's gone down a lot (fear of losing even more).  Unless you are a human robot you will always struggle with these emotions.

Isn't it amazing how 40 BTC is worth so much now? I mean compared to when you could mine that on a standard PC in a day, we have come a long way. I think there are big issues with the way that Bitcoin is headed though. At least as long as transaction fees stay this high and this slow, we cannot expect it to go mainstream anytime soon.


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jpoker272727
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October 31, 2017, 05:51:01 AM
 #2075

I wish I had 40 BTC! So you've discovered trading is not as easy as it sounds. The human element of emotion makes most people fail at trading. The natural emotional inclination is to buy when it's going up (fear of missing out), and sell when it's gone down a lot (fear of losing even more).  Unless you are a human robot you will always struggle with these emotions.

Isn't it amazing how 40 BTC is worth so much now? I mean compared to when you could mine that on a standard PC in a day, we have come a long way. I think there are big issues with the way that Bitcoin is headed though. At least as long as transaction fees stay this high and this slow, we cannot expect it to go mainstream anytime soon.


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8Habits
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October 31, 2017, 06:59:15 AM
 #2076

I wish I had 40 BTC! So you've discovered trading is not as easy as it sounds. The human element of emotion makes most people fail at trading. The natural emotional inclination is to buy when it's going up (fear of missing out), and sell when it's gone down a lot (fear of losing even more).  Unless you are a human robot you will always struggle with these emotions.

Isn't it amazing how 40 BTC is worth so much now? I mean compared to when you could mine that on a standard PC in a day, we have come a long way. I think there are big issues with the way that Bitcoin is headed though. At least as long as transaction fees stay this high and this slow, we cannot expect it to go mainstream anytime soon.

Those early adopters of bitcoin that were able to manage their emotions and stayed more patient and continue accumulating bitcoins are really now very wealthy and living the dreams Smiley

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October 31, 2017, 07:32:33 AM
 #2077

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.
No, he should probably be giving up on that by now. Did you even read that before commenting or you just read the headline? He has been trading for 2 years and now, invested 47 BTC and lost about 7 BTC, bro if it’s me, no way, I’m finding something else that is much better than trading and not waste my time on it. So I say give up.

Yes, I think he should give up now. 40 BTC = $244,000.00. Wowww! That's a big amount of money. Let do anything he wants, traveling around the world, betting on football or horse racing,... Cool

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October 31, 2017, 10:18:19 AM
 #2078

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 invest all your money now in bitcoin mining. I think you can build a mining farm in this amount of money. try to calculate all the things like the price of electricity in your area and try to buy a good miner which will give you good per day profit and this will give you time to manage income and this will also give you time to spend in life for your loved once. Mining has a large amount of profit that trading. Mining is the best option for you i think to invest in.

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October 31, 2017, 10:37:38 AM
 #2079

I think you got loss in amount of BTC because you can not control emotion yet in trading. And if not able to control emotion, quit from trading is good decision so that not get loss bigger amount. And by  hold BTC and ETH is good choise to make profit in crypto market.

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October 31, 2017, 12:36:11 PM
 #2080

Let me just think what I could do with 47BTC at their current value.

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