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Author Topic: I quit trading  (Read 230464 times)
mrhelpful
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August 02, 2016, 10:12:52 PM
 #601

I guess I would not do it if I just lost a few times in trading. Well, if you play the trading and lose, then it is a risk that you have received, and it is a risk in business. If you have good skills in trading, you should not be out of trading, because of all the things you do will certainly be risks. I am pretty sure, people who are great at playing trading must have often suffered losses in trading.

Losing a certain amount of trades is fine since most people lose anyways.

But just be aware of your loss cap though - and if theres a contingency plan if you do lose all your trades.
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macorcina
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August 03, 2016, 09:50:59 PM
 #602

trending for profit / or buy low sell high
learning
1. patience
2. risk managment
3. psychology
learning

buy high sell low
trending for fun = gambling
gambling is exchange money for exitment


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August 03, 2016, 10:06:49 PM
 #603

There's nothing necessary to quit bitcoin trading, because if you can spend more time over the observation of price movement even if price goes down, can make a profit out of it.

Yeah, if he lost then i does not mean that trading is a place of losers, but he will have to change his strategy and have to adopt some other market and some other strategy for getting profit from trading, it just require some knowledge, skills, intelligence and a good time to give to there to earn a bigger profit from trading.


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macorcina
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August 03, 2016, 10:28:25 PM
 #604

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.

at this moment I invest in (each around 0.1 btc)>
aeon 2600 sat / target 4000 / 6000 sat
dgb 53 sat / target 80 sat
BTCD 200000 sat long hold
XMG 2000 sat target 5000 sat
LTC  660000 sat hold
NMC 57000 sat hold
PPC  60000 sat hold
NIRO 6000 sat hold

in next 3 months we will see its good or bad ( just seat and wait )

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August 04, 2016, 09:40:38 PM
 #605

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 I might be having an idea of what you could try to do after all the trading for 2 years. You have learned quite a lot and paid 7BTC for that learning experience. Not bad like you say > therefore the time has now come to apply what you have learned and see if you can now add 7BTC for starters to your 40.  Smiley

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August 04, 2016, 09:43:01 PM
 #606

I guess I would not do it if I just lost a few times in trading. Well, if you play the trading and lose, then it is a risk that you have received, and it is a risk in business. If you have good skills in trading, you should not be out of trading, because of all the things you do will certainly be risks. I am pretty sure, people who are great at playing trading must have often suffered losses in trading.

Losing a certain amount of trades is fine since most people lose anyways.

But just be aware of your loss cap though - and if theres a contingency plan if you do lose all your trades.

yeah losing a certain amount is fine but I think the Op is losing from longer time and in that condition  think he is unable to earn anymore at there so the better route is to leave trading and if want to come back then he should have to come up with more knowledge.

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August 05, 2016, 08:23:17 PM
 #607


@YTBitcoin  yes I see what you mean, after 2 years maybe the knowledge is not quite sufficient yet plus OP has paid (lost) 14.89% of his capital. Then maybe either gain more knowledge without giving more BTC ie. paying for the knowledge or just let the bitcoin take a rest for a while and when greater adoption of peeps happens the 40 will have magnificent value.


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August 06, 2016, 01:58:25 AM
 #608

Well 40 Btc is a Very Large amount So you Can Do the Following things With it:-
1) You can Start investing in Casinos Bankroll With Which there are Much Chances of Making Profits and But Before investing in any Casino Also Read about the Terms and Conditions of the Casino and Don't Put your whole Money in One Casino.....
2) Or You can Convert your Btc to Fiat Currency and then You can Start a Physical Business with it......
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August 06, 2016, 02:05:42 AM
 #609

Well there are different types of trading that can suit you properly. As day trading is one of the many ways you can trade and it actually takes the most time. What I suggest is doing a Swing Trade the one that holds their crypto for more than a week or so. They always base it fundametally and chart wise. So maybe it fits you better.

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August 07, 2016, 02:44:27 PM
 #610

Well there are different types of trading that can suit you properly. As day trading is one of the many ways you can trade and it actually takes the most time. What I suggest is doing a Swing Trade the one that holds their crypto for more than a week or so. They always base it fundametally and chart wise. So maybe it fits you better.

It could be a good time to do some swing trade as there is no clear direction of the bitcoin price at the moment.

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August 19, 2016, 05:36:19 AM
 #611

even if you lost some bitcoins you got knowledge that is very important in trading
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August 19, 2016, 01:43:21 PM
 #612

So you paid 7 BTC to learn trading in 2 years. Not bad, in fact instead of stopping I would advise you to share your experience. I can understand you don’t have much time but you can always build awareness in order to determine trade strategies. Newbies (including me) will surely get benefit from it and your knowledge will remain updated with regular interaction and follow up of crypto trading. I request you to share your experience.

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August 19, 2016, 01:47:35 PM
 #613

even if you lost some bitcoins you got knowledge that is very important in trading

Indeed it looks incorrect. However it is fact like that, because when we get the defeat or loss of bitcoin in trading then our hearts will move and also our spirit begins to burn in order to return the money that has been by way of seeking knowledge about trading and asked a question of trading. This is very appropriate and will positively impact


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mexicanchick
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August 19, 2016, 01:49:17 PM
 #614

So you paid 7 BTC to learn trading in 2 years. Not bad, in fact instead of stopping I would advise you to share your experience. I can understand you don’t have much time but you can always build awareness in order to determine trade strategies. Newbies (including me) will surely get benefit from it and your knowledge will remain updated with regular interaction and follow up of crypto trading. I request you to share your experience.

It is a rather cheap trading expenses. I lost almost 60btc on trading. My principal was 40 btc. All lost
MFahad
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August 20, 2016, 07:12:07 AM
 #615

I guess I would not do it if I just lost a few times in trading. Well, if you play the trading and lose, then it is a risk that you have received, and it is a risk in business. If you have good skills in trading, you should not be out of trading, because of all the things you do will certainly be risks. I am pretty sure, people who are great at playing trading must have often suffered losses in trading.

Losing a certain amount of trades is fine since most people lose anyways.

But just be aware of your loss cap though - and if theres a contingency plan if you do lose all your trades.

You cant lose in trading if you have some knowledge of the coin you are trading and some knowledge of trading. Instead of making a one large order, it is better that you make small orders of buy and sell. In this way, the risk of losing will be minimal.

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dmarine
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August 20, 2016, 07:44:25 AM
 #616

Not an easy task indeed. To invest successfully, it is required to be attentive to the development of the projects in which you invest, besides being constantly updated on the news. You also need to be alert to possible market manipulation.
randy8777
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August 20, 2016, 02:55:09 PM
 #617

I guess I would not do it if I just lost a few times in trading. Well, if you play the trading and lose, then it is a risk that you have received, and it is a risk in business. If you have good skills in trading, you should not be out of trading, because of all the things you do will certainly be risks. I am pretty sure, people who are great at playing trading must have often suffered losses in trading.

Losing a certain amount of trades is fine since most people lose anyways.

But just be aware of your loss cap though - and if theres a contingency plan if you do lose all your trades.

You cant lose in trading if you have some knowledge of the coin you are trading and some knowledge of trading. Instead of making a one large order, it is better that you make small orders of buy and sell. In this way, the risk of losing will be minimal.

believe me, even the most successful traders lose money on certain trades. in many occasions they can cover the losses of certain trades with the profit they made before it, but some times it's not enough, which leads them to a loss.
BitHodler
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August 20, 2016, 07:42:29 PM
 #618

even if you lost some bitcoins you got knowledge that is very important in trading
No one wants to lose of course, but at least you can see what you did wrong and avoid making the same mistake again.

But there are people that no matter how much they lose, they never seem to learn as they keep losing money in the same dumb way.

It's really pathetic that it doesn't come to their mind that what they are doing is wrong.

TheKB
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August 20, 2016, 10:02:42 PM
 #619

with the amount of capital you still have and 2 years of experience in trading, it's gonna be a piece of cake to earn back the 7 BTC you lost + make some profit. wonder why you still wondering what to do.
ImHash
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August 20, 2016, 10:06:22 PM
 #620

It never gets old the trading I mean, of course it's not for weak hands and those always in rush for quick buck, it is supposed to be hard and gets you to lose hope.
That is the way trading works.


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