Bitcoin Forum
October 19, 2018, 05:59:34 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 [102] 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 »
  Print  
Author Topic: I quit trading  (Read 241662 times)
AirDropGlen
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 23, 2017, 05:18:00 PM
 #2021

After losing at every one of my trades, I got very discouraged too. So I went back to YouTube and watched and subscribed to every Crypto channel that I could, till I found one video that made sense to me, and then a few others with the same idea. There are sites that can monitor your trades, you upload text files of reports from the Exchanges like Coinbase and Bittrex, and they produce a nice summary of all your trade details, including all of the fees. The trouble is that you can easily get out of sync, because it's too fiddly to keep up to date. A much better way is just to create a very simple speadsheet - a Trading Plan Template with rows like this:

Name of Coin             ETH
Purchase Price           0.04908410
Fees 0.25%               0.00012271
Cost + Fees               0.04920681
Cost + Fees in USD     $284.43
Cost + Fees X 10%     0.00492086
Cost + Fees + 10%     0.05412749
7 % Stop Loss           0.04564821
Actual Sell Price         0.05612345
Profit/Loss                0.00691664
% Profit/Loss            14.06%
Profit/Loss in USD       $39.84

The most important thing about having a Trading Plan template is that it would take very little time to easily calculate your 7% Stop Loss price, so as soon as you complete the trade you'll be ready to place a 7 % Stop Loss sell order, hopefully, that way you can't lose more than 7% - my experience up till now has been that as soon as I complete a trade it I can't believe my eyes at the coin manages to dip again, below 7% before I can even react, because I wasn't prepared. Then of course you're eventually forced to put in a sell order, by now it's probably 10 % down, and by the time you get your order filled, you've now lost too much for your stomach to handle.

Then, about 12 hours after you sell the stock, it somehow gains life, and blows past your original purchase price with glee, that only makes it hurt more. Learning to trade cryptos is like learning to ride a bike, you'd better figure it out fast, or it's gonna be a like a skateboard scrape video, where all you see is red, and that's a bad movie. I am still healing, and it gives me some comfort that it's a common feeling.

If you make the Trading Plan Template in a large font, you can fill the 8 1/2 x 11 sheet, and the numbers are easier to fill in and read, and it makes it more likely that you will use this disciplined approach more often in your trades. Good Luck from another Crypto Trading 'student'.
1539928774
Hero Member
*
Offline Offline

Posts: 1539928774

View Profile Personal Message (Offline)

Ignore
1539928774
Reply with quote  #2

1539928774
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539928774
Hero Member
*
Offline Offline

Posts: 1539928774

View Profile Personal Message (Offline)

Ignore
1539928774
Reply with quote  #2

1539928774
Report to moderator
1539928774
Hero Member
*
Offline Offline

Posts: 1539928774

View Profile Personal Message (Offline)

Ignore
1539928774
Reply with quote  #2

1539928774
Report to moderator
flower1024
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000


View Profile
October 23, 2017, 05:59:18 PM
 #2022

Hold it or maybe invest in a gambling site and I do hope you didn't waste it. This is one of the living testimony that holding bitcoin is still the best way for having a great number of money. 40 bitcoins is a very large money. I hope this guy take the advice of other members to hold his coins. That was 2 years ago where bitcoin was too cheap, and now it multiplied almost 30 times.
Yes holding your coins is the best idea. not interested in investing in any other casinos then you can save it in your safe wallet and sell your coins when you needed money. 40 bitcoins if we convert it into the present price it is huge money you can settle your life. If I have this much bitcoins, i will stop working and start to enjoy my life with that money.
Kompodd
Full Member
***
Offline Offline

Activity: 336
Merit: 100



View Profile
October 23, 2017, 07:18:52 PM
 #2023

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.

bitctrimor1
Full Member
***
Offline Offline

Activity: 252
Merit: 104


“Blockchain Connection Framework”


View Profile
October 23, 2017, 07:20:49 PM
 #2024

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.

Since you touched the topic of trading. Can you give me or us some tips on how to do trading successfully, since evidently, you had a lot of success with it. Also, for starters like me, what is the best way to actually earn bitcoins faster except mining because I don't have the resources for it. If there are other means apart from campaigns, would you kindly share? Thanks.

O M N I T U D E              BLOCKCHAIN E-COMMERCE                      JOIN NOW
▄ ▄ ▄ █ █    W H I T E P A P E R    █ █ ▀ ▀ ▀

FACEBOOK          TWITTER          LINKEDIN        TELEGRAM          REDDIT         ANN THREAD
Fahim
Full Member
***
Offline Offline

Activity: 266
Merit: 101



View Profile
October 23, 2017, 07:52:41 PM
 #2025

ya trading is gambling for me even I read many topic teach trade skill or how to read chart ....

A lot of debates regarding on this topic but for me trading is still not a gambling because for me i do trading not because of money but because of my goal that i need to achieve, trading and gambling is really different because you are not playing by just luck in trading, you really have to work for it for you to make a big money. People who quit trading are those who loose money because of their emotion and lack of patience.
It depends, if you read several book, watch videos and practice our trading skills then you are not gambling and eventually you are going to make money, but if you trade based on your feelings or rumors then you are basically gambling with your money.


Very accurately noticed. I subscribe to every word. This is the first thing you need to know when meeting with any cryptocurrency. Even if it beckons you so - "buy me, I'm a new star."

Huan Pres
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
October 23, 2017, 08:14:49 PM
 #2026

This game needs some patient, and don't try to be bullish:-* Kiss Kiss
8Habits
Sr. Member
****
Offline Offline

Activity: 686
Merit: 290


★777Coin.com★ Fun BTC Casino!


View Profile
October 24, 2017, 03:15:14 AM
 #2027

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.

In trading, you only lose when you stop at a loss and never return back the fight. There is nothing wrong to go backward momentarily but just don't give up. Use that backing up to gather strength and fresh mind to plan on your next trade.

Reza16
Newbie
*
Offline Offline

Activity: 47
Merit: 0


View Profile
October 24, 2017, 03:28:31 AM
 #2028

Good decision. It's very hard to make money in BTC trading.
you need to patience ....
You need to do long term trades (buy at bottom-hold-sell at top), it should increase your trading accuracy.
good luck bud ..
8Habits
Sr. Member
****
Offline Offline

Activity: 686
Merit: 290


★777Coin.com★ Fun BTC Casino!


View Profile
October 24, 2017, 04:01:30 AM
 #2029

Good decision. It's very hard to make money in BTC trading.
you need to patience ....
You need to do long term trades (buy at bottom-hold-sell at top), it should increase your trading accuracy.
good luck bud ..


It really takes a lot of patience in order to win in the cryptocurrency trading. Most of the winners have the most patience and the once that are just to emotional and can't take to be more patience, usually loses the trade.

btcbrother
Full Member
***
Offline Offline

Activity: 131
Merit: 100


🌟ATLANT ICO ENDING SOON🌟


View Profile
October 24, 2017, 04:46:36 AM
 #2030

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!

A T L A N T    ▀▄▀    P2P  |  Tokenization  |  WP
█ ███ █    I C O   E N D I N G   S O O N    █ ███ █
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   TELEGRAM   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
planfox
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
October 24, 2017, 05:31:03 AM
 #2031

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'll tell you so soon many will leave, realizing that bitcoin has exhausted itself and is a simple overbought, who will sell more expensively, who will buy more economically. Even other coins do not solve anything, so I did the right thing, support it.

cotton ball
Sr. Member
****
Offline Offline

Activity: 616
Merit: 250



View Profile
October 24, 2017, 07:11:15 AM
 #2032

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.

Platio
Smart Banking Ecosystem


█▀▀▀▀▀▀▀▀▀▀▀█▄     
█  ████     █▀█▄   
█  ████     █  ▀█▄
█  ▄▄▄▄▄▄▄  ▀▀▀▀▀▀█
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

                   ████
 █ ███████████████████▄
                  ▀█████
                       ████
                          ████
                             ███
                                ███
                 ████             ████
  ████████████████████████████████████████████████
                 ████             ████
                                ███
                              ███
                           ████
                        ████
                   ▄█████
█ ███████████████████▀


          ▄▄███████▄▄         ▄█████
        ▄█████████████▄      ███████
       █████████████████    ████████    ▄█████▄
      ███████████████████  █████████   █████████
      ███████████████████  █████████   █████████
      ███████████████████  █████████   █████████
       █████████████████    ████████    ▀█████▀
        ▀█████████████▀      ███████
          ▀▀███████▀▀         ▀█████

                                     ████
                             ▄█████████████████████
                          ████▀      ████
                       █████
                     ████
                  ████
               ████
           █████
██████████████ ████████ ██████ ████████ ██████████
           █████
               ████
                  ████       
                    █████
                       █████
                          ████▄          ████
                             ▀██████████████████████
                                         ████
Smart Banking Ecosystem for crypto, fiat and
stocks, based on EOS blockchain technology

.
GET WHITELISTED NOW
Platio
Smart Banking Ecosystem
Japinat
Hero Member
*****
Offline Offline

Activity: 938
Merit: 501



View Profile
October 24, 2017, 07:39:50 AM
 #2033

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.

laracastvue
Member
**
Offline Offline

Activity: 336
Merit: 10


View Profile
October 24, 2017, 08:04:45 AM
 #2034

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.
Barbarian
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250


View Profile
October 25, 2017, 02:39:12 AM
 #2035

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.
mirakal
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000


https://yamzu.io/


View Profile
October 25, 2017, 03:05:44 AM
 #2036

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.

YAMZU

▄▄▄▄▄▄
  ████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
  ████
▀▀▀▀▀▀
    eSports Tournaments on the Blockchain     
        Platform Already Active  10K Users  300% revenue  Established Swedish company

▄▄▄▄▄▄
  ████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
  ████
▀▀▀▀▀▀
¦Facebook   ¦ANN Thread      ¦Bounty Thread 
¦Twitter         ¦Telegram         ¦Youtube
¦Website       ¦Whitepaper    ¦Platform
wurth
Sr. Member
****
Offline Offline

Activity: 331
Merit: 250

Blockchain Just Entered The Real World


View Profile
October 25, 2017, 06:04:14 AM
 #2037

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.
The disadvantage of holder is you can not use the amount you are holding to invest in any place. Because when you try to use that amount to invest other fields, you are breaking your rule and you will not have profits after all is possible. So, you should keep a backup funds if you do not want to miss other chances Wink

      ███████████████████████
     ███▄ ▄▄▄▄   ▄▄▄█▀▀  █████
    ███  █▀  ▀█▀▀▀       ▐█ ███
   ███  ▄██▄▄█▀▄▄▄        █▌ ███
  ███ ▄█▀  █     ▀█▄▄     ▐█  ▐██
 ███▄█▀    █        ▀█▄▄  ▄▄▄ ██
████▀      █           ▀██▀   ▀█ ██
 ██▀█▄     █          ▄█▀▀█▄▄▄█▀██
  ██ ▀█▄   █      ▄▄█▀▀    ▐█  ██
   ██  ▀█▄█▀▀█▄▄█▀▀        █▌ ██
    ███  █▄  ▄█▀█▄▄▄      █▌███
     ███  ▀▀▀▀     ▀▀▀█▄▄▐████
      ███████████████████████

 ▄▄       ▄▄▄        ▄▄   ▄▄▄▄▄ 
  ▀█▄   ▄█▀ ▀█▄    ▄█▀ ▄█▀▀   ▀▀█▄
    ▀█▄█▀     ▀█▄▄█▀  ▐█         █▌
    ▄█▀█▄      ▄█▀    ▐█         █▌
  ▄█▀   ▀█▄  ▄█▀       █▄       ▄█
▄█▀       ▀██▀          ▀▀█▄▄▄█▀▀


Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
  Decentralized Crypto-Location Oracle Network
GET WHITELISTED FOR TOKEN SALE ( Limited )

WHITE PAPER  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
mistanama
Sr. Member
****
Offline Offline

Activity: 262
Merit: 250


DATABLOCKCHAIN SALE IS LIVE | MVP @ DBC.IO


View Profile
October 25, 2017, 06:21:03 AM
 #2038

40 BTC is extremely costly and if you buy it on fiat money it will be intact and of course it will be investigated by the authorities. All you have to do is give it to your children or your relatives. That your generation will no longer suffer. Or if you have a lot of money left over you will donate here to the forum or to the poor family members.

cryptofunn
Full Member
***
Offline Offline

Activity: 406
Merit: 100



View Profile WWW
October 25, 2017, 08:15:16 AM
 #2039

guys, this topic was created in 2015. Today the author's deposit is about $ 240,000. I wonder what the author really did with his bitcoins

ss1980
Full Member
***
Offline Offline

Activity: 258
Merit: 100

http://aaacoin.us


View Profile WWW
October 25, 2017, 08:22:18 AM
 #2040

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.
Pages: « 1 ... 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 [102] 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!