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Author Topic: I quit trading  (Read 228465 times)
8Habits
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November 07, 2016, 07:42:34 AM
 #961

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..
You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time  betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

Thanks, that was really my point that there will always be a risk. although in this case the risk is minimal when in terms of winning or losing the game but the bigger risk is your money being stolen away from you. Hence, there is really risk free investment and gambling around - we just need to keep playing safe.

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November 07, 2016, 07:52:54 AM
 #962


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

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November 07, 2016, 08:19:04 AM
 #963

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..
You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time  betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks
That is already irrelevant to the topic, arbitrage betting in sports does not pose any risk on winning as long as you can fine a good line to do your arbitrage betting. We are not talking here of the possibility of getting hack.

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November 07, 2016, 09:31:23 AM
 #964


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

As  OP mentioned   hes been  doing trading for almost  2  years now but still he  didnt do well  on this  career  thats why  he intend to quit than to  continue  its  lose of  money even more  if he intend to continue. Trading is  really good  though  but  for some  people  it doesnt  always  work . There are really things thats  didnt worked for us.

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November 07, 2016, 10:42:49 AM
 #965

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

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November 07, 2016, 12:40:14 PM
 #966

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.
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November 07, 2016, 01:45:37 PM
 #967

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.
There is not restriction in trading, you can be rich and poor as long as you have the capacity to trade. From what I know, our main purpose in trading is to make money so more like it's the opportunity for the poor to be rich if we do it right.

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November 09, 2016, 08:18:03 AM
 #968

why quit unless you have other businesses or investments to venture into
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November 09, 2016, 09:40:32 AM
 #969

I don't think someone can actually leave trading just when there are so much good projects to invest with.

What good projects are you referring to? ICO's? Altcoins with fancy features? Investing in the bankroll of new casinos? If any of these, which is most likely the case, then none of them is good enough to put your hard worked cash in. If you do however proceed to put money in them, then it's more like a gamble rather than a well thought out investment plan.

If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

If people quit trading due to constantly losing money, or just because they are tired of it as it is quite time consuming, then it's a decision to quit trading, and not to leave the entire Bitcoin scene. They can either keep holding their coins as a long term investment plan, or just offer their skills to the public as a service, or simply use Bitcoin as a currency tool. That's the benefit of Bitcoin, it's multifunctional tool.

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November 09, 2016, 06:51:41 PM
 #970


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

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November 21, 2016, 08:34:44 AM
 #971


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.
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November 22, 2016, 11:33:33 AM
 #972


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.
Winning and loosing alternatively and frequently is the nature of gambling but trading has different methodology here : winning big amounts and loosing small amounts like professional traders do say "let your profits grow and cut your losses early".

When you are not trading as per the above methodology, it is better to quit trading before losing all your wealth. Quitting trading need not to be permanent. They can learn trading skills and come back again always.

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November 22, 2016, 01:14:13 PM
 #973


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.
leaving trading is a wise decision if he don't have skill on it and if he keeping up will only end up broke.
winning 55% and lose 45% is indeed will drove you to win but only if you can manage to get that much winning percentage while in other side it's really hard and no one could earn consistently for a very long time or never losing


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November 22, 2016, 01:26:17 PM
 #974


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.
leaving trading is a wise decision if he don't have skill on it and if he keeping up will only end up broke.
winning 55% and lose 45% is indeed will drove you to win but only if you can manage to get that much winning percentage while in other side it's really hard and no one could earn consistently for a very long time or never losing

These percentages make sense only if you always lose and win the same amount of money in absolute terms. Other than that, they are mostly irrelevant and meaningless since you may lose on 99% of your trades and still come out profitable at the end of the day for the simple fact that just 1% of your profitable trades might earn you substantially more than you might lose with all your other profitless trades...

The devil is, as always, in the details

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November 22, 2016, 01:29:52 PM
 #975


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

That's basically a worthless assumption since there is no way to predict the outcome of your potential profits with gambling.

The only certain thing is that in the long run you have greater chances of losing with gambling. There have been plenty of people trying to find methods to win with playing dice for example.

Their "fantastic" method was working till they lost big time. It just shows that dice is a 100% luck based game. There aren't any methods granting you guaranteed profits.

Of course, whale gamblers with a massive stash can continue martingale for quite a long time, but even they will run out of coins since the amounts only get bigger and bigger. Even that isn't enough to guarantee you any profits.

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November 22, 2016, 02:44:30 PM
 #976


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

you are not really win in much of money but we have to loss our time for this and actually we can avoid to loss our time if we can learn from the our history trading so that we can make profit rather than we make loss.

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November 22, 2016, 06:16:13 PM
 #977


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.
Winning and loosing alternatively and frequently is the nature of gambling but trading has different methodology here : winning big amounts and loosing small amounts like professional traders do say "let your profits grow and cut your losses early".

When you are not trading as per the above methodology, it is better to quit trading before losing all your wealth. Quitting trading need not to be permanent. They can learn trading skills and come back again always.
Giving up is always better than struggling. Because there are a lot of other opportunities to make a living and trading is not the only one way for that. But usually people do get struck with gambling or trading and they are not thinking about quitiing even after many losses. One big reason must be addiction, but to save life quitting must be the best option.
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November 23, 2016, 03:19:45 PM
 #978


I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.
yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.
Winning and loosing alternatively and frequently is the nature of gambling but trading has different methodology here : winning big amounts and loosing small amounts like professional traders do say "let your profits grow and cut your losses early".

When you are not trading as per the above methodology, it is better to quit trading before losing all your wealth. Quitting trading need not to be permanent. They can learn trading skills and come back again always.
Giving up is always better than struggling. Because there are a lot of other opportunities to make a living and trading is not the only one way for that. But usually people do get struck with gambling or trading and they are not thinking about quitiing even after many losses. One big reason must be addiction, but to save life quitting must be the best option.

You have to ask yourself why you trade in your heart. If your passion is on the return (e.g. money or reputation) I suggest you quitting it. There are lots of activities you can do to earn all these returns. Trading is not the sole way and I may say it is the hardest way.

If you are passionate on the game or on trading, take a step back for a while. I believe after a short while you will get inspired again and keep on moving on the road.

I always take mathematicians as a metaphor of being a trader: if you are good at it someone will eventually pay you to work on it in your whole life. But before that, you must be really passionate in it first. You may not find an actual linkage to the world (actually lots of mathematical theories have no practical usage!) but you know you engage into it.
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November 23, 2016, 05:22:53 PM
 #979

If you are planing to quit trading do it while you are winning and earning. Maybe that sounds strange but otherwise all your efforts will be for nothing.
And you must know that loosing is also inevitable part of trading so don't that be the only reason to quit. But if you haven't found yourself in trading and you haven't got the feeling and pasion for it then is maybe better to stop.

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November 23, 2016, 08:49:17 PM
 #980

You must have a trading strategy that you should have. You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.

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