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Author Topic: I stopped trading. 3 reasons why.  (Read 20638 times)
tasedijers
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May 02, 2019, 07:36:26 AM
 #701

Good analytical reviews that help u with trading can be found on many sites. I tried to test Coinediction and I can not say that the services are convenient to use even though the design seems simple. Predicting the behavior of cryptocurrency in the market is not an easy task, and here it is important to see how an experienced analyst makes a report and compare it with the crypto exchanges.
I would not trust the predictions, even though my personal experience is not that big. The dynamics of cryptocurrency is convenient to follow the exchange reports and the results of trading and to make forecasts yourself. Now there are a lot of scammers, and I don't want to be deceived.
Traders who intend to continue to work successfully, it is not profitable to give false predictions. Reputation is easy to lose, and with it, and their customers, because all transactions are reflected in the profile.
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SergeyZ
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May 02, 2019, 07:42:45 AM
 #702

You may have chosen the wrong strategy. Because this is the first time I've met someone who's been so hampered by trade. A lot of people get a lot of money trading crypto, and stress, wasting time does not scare them, because it is worth it.
I support you and I want to add that you need to trade in the amount that you don't feel for losing and which will not hit your budget.

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Chacha1000
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May 02, 2019, 08:12:12 AM
 #703

As for me i still trade and am really enjoying it real good but one thing we all should know is that trading is not easy and one need to be observant while embarking on it .
serhanni
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May 02, 2019, 08:13:02 AM
 #704

I agree with you, if you are an unexperienced/uneducated like me it is very stressful Cheesy
Nowadays, I'm intrested in pos/dpos based projects. They are less stressful for me.
trauchot
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May 02, 2019, 08:23:13 AM
 #705

I completely agree with you, any trader should spend a lot of time in the computer and constantly study various news and monitor the cryptocurrency market, and this should be monitored every day and stress constantly accumulates, so not everyone will be able to endure it.
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May 02, 2019, 09:04:29 AM
 #706

Trading is really stressful and takes a lot of time. But if you are a day trader, you have to be monitoring the price of your tokens all the time before you can make any profits. If you make up your mind that you wanna get involved in trading, then get ready to be stressed up.

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May 02, 2019, 09:10:04 AM
 #707

I completely agree with you, any trader should spend a lot of time in the computer and constantly study various news and monitor the cryptocurrency market, and this should be monitored every day and stress constantly accumulates, so not everyone will be able to endure it.
That's your job if you are a day trader, but if you are into short term like selling it for weeks of months, you don't do that everyday.
Monitoring the price and the market is necessary for every trader, day trading is more demanding and could be stressful for some but if you love your job, I think you won't feel that, especially if you are seeing the results.

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May 02, 2019, 09:31:50 AM
 #708

That's your job if you are a day trader, but if you are into short term like selling it for weeks of months, you don't do that everyday.
Monitoring the price and the market is necessary for every trader, day trading is more demanding and could be stressful for some but if you love your job, I think you won't feel that, especially if you are seeing the results.
I tried to trade. I want to tell you that this is a very large psychological burden. Constantly worry about their rates for the sale or purchase.

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Karlinz
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May 02, 2019, 09:33:10 AM
 #709

Active trading is not for everyone, it could be energy sapping and emotion drainer. People should know their strengths and weaknesses, personally for a while I decided to stop active trading and went passive, just use the 4h to 1D chart, place a stop loss and sell when the target is hit, this may take few days to a week or weeks.

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May 02, 2019, 09:45:40 AM
 #710

Trading is very good but the stress is too much, like you need to keep checking on the price of tokens like 20times in a day so as not to miss out on pump.

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ryap12
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May 02, 2019, 09:54:14 AM
 #711

Guys, let me introduce to you trading bots! You no longer need to check all the time since when you use trading bot, you just choose what strategy will your bot do. I got a free subscription for 2 months given by Wolfpackbot. It's actually my first time using a trading bot and so far so good with no stress at all! I don't know the risk using a bot except if the bot you're using will steal your funds.

I'll just leave the link in case some of you want's to try it out. Not sure if the free 2 months subscription is still available. And also, the bot currently trades at Binance only for now since they are still on development.

Wolfpackbot Official Site: https://www.wolfpackbot.com
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May 02, 2019, 09:56:03 AM
 #712

Too much time and too much stress is the most reasons on why people have stopped gambling. A recommendation from me, you better out of this crypto and get a new job instead.
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May 02, 2019, 10:02:00 AM
 #713

What I say to traders is really tough in trading patience, especially if you want to earn money but to pro traders they do not have to trade because their investment is great and they are good to review the altcoins they will buy and trade in because you can not lose your headache or head stress especially if you're a little bit loser in your investment so it hurts sometimes but you just have to worry about trading because you do not lose the risky many traders are also losing because of the lesser trader and no longer monitor their purchased altcoins.
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May 02, 2019, 10:14:01 AM
 #714

Everyone has different qualities and skills. Trading in my opinion is very pleasant and if trading makes you stressed. I think it's a very natural thing and of course you have to have patience. Try trading with small capital and not too greedy.

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May 02, 2019, 10:31:48 AM
 #715

I agree with you, if you are an unexperienced/uneducated like me it is very stressful Cheesy
Nowadays, I'm intrested in pos/dpos based projects. They are less stressful for me.

Agree, people who don't have experience towards trading will always choose other options for making money instead of loosing in trading. POS is the best option in order to stake the coins for getting some % which company allocates to it. So instead of feeling stress towards trading, it is good to stay away from it.
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May 02, 2019, 10:51:20 AM
 #716

Well i know what you feel OP, it's too much stress especially if you hold a big amount of coins for trading and also you need to up to date about crypto news or news for the token that you hold everyday. Daily trader usually takes more time and need always check the chart market every minutes. Full time trader always don't have time about something else imo, i mean they need to focus.

Good decision. I think the problem a lot of people had with things like crypto was the unrealistic expectation, especially with regards to how easy it was supposed to be to make money,,, and worse, how quickly it would take to make that money.

I think it is good to have made all those mistakes and deciding to take your life back. It does not mean giving up crypto but it means adjusting your perceptions to becoming more realistic and taking life less seriously.

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roadwell890
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May 02, 2019, 11:24:14 AM
 #717

I agree with you, if you are an unexperienced/uneducated like me it is very stressful Cheesy
Nowadays, I'm intrested in pos/dpos based projects. They are less stressful for me.

Agree, people who don't have experience towards trading will always choose other options for making money instead of loosing in trading. POS is the best option in order to stake the coins for getting some % which company allocates to it. So instead of feeling stress towards trading, it is good to stay away from it.
knowledge and experience that has proven to be very important because it helps us to do anything.
trade will be difficult to produce because it is not as easy as imagined because it is not easy to determine how to determine the right action.
if the person is experienced, they will use the current time to produce because of the ups and downs of market conditions can profit.

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May 02, 2019, 11:37:20 AM
 #718

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Viecoin
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May 02, 2019, 12:12:51 PM
 #719

I'm sure many others can relate. When I first found out about CMC, there were only about 35 coins listed. I could still spend hours researching and wondering if I made the right trade. Now there are thousands of coins and tokens. Coin Market Cap is frozen all the time because of everyone hitting refresh on the first page. These days, I just hodl and stop playing games with crypto.
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May 02, 2019, 12:54:56 PM
 #720

it is not easy to trade, it requires patience and endurance, but for the problem and I suggest installing a bot to buy and sell maybe it is more effective to save your time
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