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Author Topic: I quit trading  (Read 227998 times)
dinda22
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October 16, 2016, 10:49:29 PM
 #861

Trading is not easy and I can see how people can lose money at it. If you are giving up on trading, you could try lending to make a little profit. Also, if you just hold what you have for a few years, you will probably make a lot of money anyway.
you are right that trading is not and i think that trading have need skill and luck then you can get a big profit from trading and is maximum people are very experienced in trading and they earning good amount profit from bitcoin trading or altcoin trading .
trade full with research, so it should be quite expert in analyzing and had a good strategy. without both of them it was difficult to make a profit. also a large capital is easy to make a profit. for me borrow not a good idea if you are still always lose on trading.

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October 16, 2016, 11:30:44 PM
 #862

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.


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October 17, 2016, 03:26:38 AM
 #863

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.
Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

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October 17, 2016, 04:41:47 AM
 #864

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.
Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

XMR and ETH has really that volume now but I am quite disappointed with XMR because the price of it now is going way low - although I have keep some of my XMR and will just wait when the right time comes and sell them. I just let it offer for loan now in poloniex and no intention yet of selling it unless the price will spike again soon.

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October 17, 2016, 04:52:59 AM
 #865

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.
Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.
and that's a good sign for most traders waiting for btc to arise then buy more alt and wait again for btc to make some establish value then alt will start to move and its just a battle of making good entry and exit to earn big from this trade.

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October 17, 2016, 05:37:20 AM
 #866

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.
Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.
and that's a good sign for most traders waiting for btc to arise then buy more alt and wait again for btc to make some establish value then alt will start to move and its just a battle of making good entry and exit to earn big from this trade.
There is a reason on why'd he stopped trading. And that is he lost money which is about 7 BTC. That is a big amount of coins to lose in your trading career. Even if you suggest to him holding his altcoins it won't be enough to cover his losses from it. 2 years is enough time to be holding a coin in which he did not succeed on having aprofit with it good thing he did not lose all 47 btc.

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October 17, 2016, 05:45:32 AM
 #867

I can surely say that you are in profit even your btc decreased.as the price of bitcoin almost doubled over the last two and half years in terms of dollars.you must use your experience in such a way that you increase you investment.poloniex is right choice for trading

but in trade the traders do not depend on the value of bitcoin as a profit. The profit of traders is the quantity of bitcoins. earning through value rise is only a side profit which the traders get while trading the coins.
That is the point. The trade do not mean to depend our profit on the value of bitcoin or any other coin with which we want to trade but trade is the game of quantity and in it the goal is to increase the amount of or bitcoins/money.
Well, if I trade I aim to increase my bitcoins trading in different assets including altcoins, I love trading altcoins because of the volatility especially the high volume altcoins like the ETH and XMR, actually I have found the trend already for ETH, because when the value of bitcoin increase, ETH fall back its price also.

XMR and ETH has really that volume now but I am quite disappointed with XMR because the price of it now is going way low - although I have keep some of my XMR and will just wait when the right time comes and sell them. I just let it offer for loan now in poloniex and no intention yet of selling it unless the price will spike again soon.
And I think the reason is they want to profit in btc , btc price increase and other sell thier xmr to earn profit and it will be back again to normal when more buyers come to trade it again actually its not the only one many altcoin decrease the price.


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bamboylee
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October 17, 2016, 06:01:49 AM
 #868

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.
These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

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October 17, 2016, 07:36:07 AM
 #869

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.
These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.
Not all the time, sometimes we need to choose our battle and if we feel we have no chance after all the effort we made we need to accept the reality that trading is not for everyone, and that's what OP is doing.

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October 17, 2016, 07:52:09 AM
 #870

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.
These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.
Not all the time, sometimes we need to choose our battle and if we feel we have no chance after all the effort we made we need to accept the reality that trading is not for everyone, and that's what OP is doing.

Very well said guys. I am just trying to start trading, reading your insights will be profitable in my new ventures.  Smiley
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October 17, 2016, 08:24:34 AM
 #871

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.
These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

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October 17, 2016, 08:31:16 AM
 #872

Trading is a skill that takes time and practice.
If you enjoy it and are able to learn something or make some profit, it can be worth your time.
But if you aren't having fun, or making a living, there are plenty of other things you can do with your time.
You can earn just as much from other jobs or hobbies.
These people simply aren't made for trading and should quit immediately. They however don't seem to realize that.

I think it's mainly due to the fact that it is similar to what gamblers are experiencing when losing. If they for example lose $100, then they will try to win it back, which can basically go on for quite a long time. Exactly that is also the case with people making loss after loss with trading. They are trying to gain it back while in reality they sink deeper and deeper.

A true trader will not do that. If a trader lose, he will just shrugged that and work again. Losing is a part of trading, you cannot get away from that. All you have to do is accept that and up your game.

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

Quote
Solid traders indeed move forward quickly when making a bad trade that costs them money,

Thats very good thought.
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October 17, 2016, 09:20:57 AM
 #873

As ive read your post, your happy with the results of your
trading for the over all results. I guess you should have not
stop on trading. Since your btc may grow and you may
earn profit more.!
But trading requires lot of dedication as it is a completely unpredictable job. So, for many traders it is like climbing up Everest mountain daily. Yes, that much struggling involved with it. Even they are successful with their trading, many traders are opting to quit it for the sake of their peace of mind.

By your statement, you really looked like you treat trading as some sort of gambling because of the "peace of mind" thingy.
Trading must be some sort of investment, where you find a good coin to trade and with the lowest loss you could get.

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October 17, 2016, 09:36:33 AM
 #874

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

If you mean those types, then they should rethink and consider another line of source of income because they are not fit to do trading. Trading could be harsh and brutal at times, and if you can't accept losses then find another work.

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October 17, 2016, 09:53:49 AM
 #875

Solid traders indeed move forward quickly when making a bad trade that costs them money, but I am not talking about these traders. I am talking about the people that can't accept any losses, and don't know what they did wrong, and when to stop.

If you mean those types, then they should rethink and consider another line of source of income because they are not fit to do trading. Trading could be harsh and brutal at times, and if you can't accept losses then find another work.
The lost are not just applied in the trading but all of the another job are having the opportunity get a lost too, but just different in the percentage get a lost and trading is there in the middle place.

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BitHodler
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October 17, 2016, 10:04:37 AM
 #876

As ive read your post, your happy with the results of your
trading for the over all results. I guess you should have not
stop on trading. Since your btc may grow and you may
earn profit more.!
But trading requires lot of dedication as it is a completely unpredictable job. So, for many traders it is like climbing up Everest mountain daily. Yes, that much struggling involved with it. Even they are successful with their trading, many traders are opting to quit it for the sake of their peace of mind.
Trading isn't a completely unpredictable job at all.

If it was, then people were just gambling with their money as they solely depend on luck, and that isn't the case for good traders.

Trading is done through knowledge and experience that people have been building up in years worth of trading.

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October 17, 2016, 10:35:09 AM
 #877

As ive read your post, your happy with the results of your
trading for the over all results. I guess you should have not
stop on trading. Since your btc may grow and you may
earn profit more.!
But trading requires lot of dedication as it is a completely unpredictable job. So, for many traders it is like climbing up Everest mountain daily. Yes, that much struggling involved with it. Even they are successful with their trading, many traders are opting to quit it for the sake of their peace of mind.
Trading isn't a completely unpredictable job at all.

If it was, then people were just gambling with their money as they solely depend on luck, and that isn't the case for good traders.

Trading is done through knowledge and experience that people have been building up in years worth of trading.

That is right, people that traded regularly seems to figure out there own comfortable trading strategies and techniques. I believe the more you trade regularly, the more you will learn and the more you will be a good trader. You need to execute that trades and apply what you have learn and do it regularly so that you will be good at it.

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October 17, 2016, 03:40:03 PM
 #878

As ive read your post, your happy with the results of your
trading for the over all results. I guess you should have not
stop on trading. Since your btc may grow and you may
earn profit more.!
But trading requires lot of dedication as it is a completely unpredictable job. So, for many traders it is like climbing up Everest mountain daily. Yes, that much struggling involved with it. Even they are successful with their trading, many traders are opting to quit it for the sake of their peace of mind.
Trading isn't a completely unpredictable job at all.

If it was, then people were just gambling with their money as they solely depend on luck, and that isn't the case for good traders.

Trading is done through knowledge and experience that people have been building up in years worth of trading.

That is right, people that traded regularly seems to figure out there own comfortable trading strategies and techniques. I believe the more you trade regularly, the more you will learn and the more you will be a good trader. You need to execute that trades and apply what you have learn and do it regularly so that you will be good at it.

But in  OPs case 2 years  is already long enough  to observe your trading styles and  habits  and you could able to  make  patterns on that but still the results  are  opposite on his expectation thats why there are really people  really dont suit  into trading field thats why he quit  trading for  good.


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lucki777
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October 17, 2016, 06:49:54 PM
 #879

i thin you should not quit trading, you need to change your strategy about bitcoin, actually winning and loosing is the part of trading but you must be strong hearted not to lose heart.
lootz
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October 18, 2016, 12:58:12 AM
 #880

i think its best time to more hold your bitcoin for high price and i am sure that bitcoin will be soon increasing its price too much faster and people will be get a huge profit from bitcoin so you should save your bitcoin for short term investment i hope that price will be increase sooner.
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