Art of quitting !!!!

[Hamphser]

As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

You can also keep trading during the day and exit before going to bed. I found it to be a better choice than being bothered in your sleep by an open position.

It would never been a bad idea if you do make profits unless if you exit out on loss then that's what we called disadvatange.The only thing you have done to exit
early is that you are securing profits yet we wont know on what would happen on next hour or next day.Pumps like these are unexpected that's why missing out
more profitable chances are not new the only thing we can do is to utilize buyback on lower point and repeat the same process.

[Idrisu]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

Quiting is not really a good thing in investments because you will need experience,  patience and persistence for you to really succeed in trading and investment and quiting keep you from succeeding. When you quit you are a loser and success is far.

[rizkyhiw]

As long as you have a target zone for both entry and exit position then you are good to go with this types of business, trading industry have a lots of significance, you needed to learned from time to time, knowing where to sell out and take your profits or cutting your loses and move forward is really a tough job inside this industry, but eventually after several trade you will be able to learned it masters your skills.

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

You can also keep trading during the day and exit before going to bed. I found it to be a better choice than being bothered in your sleep by an open position.

It would never been a bad idea if you do make profits unless if you exit out on loss then that's what we called disadvatange.The only thing you have done to exit
early is that you are securing profits yet we wont know on what would happen on next hour or next day.Pumps like these are unexpected that's why missing out
more profitable chances are not new the only thing we can do is to utilize buyback on lower point and repeat the same process.

Don't give up until here because the journey is still far away and will be better than today by making good profits if I want to take the opportunity to pump this fast, I think that is one of the things that is very unfortunate for you because this investment for a lifetime is still there is internet in this world, being patient is the main foundation to get success after that knowledge and anything can be honed with the passage of time, returning to one's personality I cannot force to continue the fight.

[pawanjain]

From all the experience that I have had in trading cryptocurrencies I can say that it's all about a well prepared strategy. Setting the target prices and executing the trades based on those prices is enough to buy and sell at the right time. Most of the times what happens is we set a target selling price but since the price of a particular coin is continuously increasing we decide not to sell. That's the mistake we do. Though we get good profits due to this but sometimes the price suddenly falls down resulting in losses.
So if  we set the target prices according to the profits and just stick to it, we can execute profitable trades most of the times.

[Bonsaiav]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

At a glance 'Art of quitting' which you mean looks like what is done by a trader, namely with the term cut loss. Crypto investment is a type of investment that has the potential for loss, and as far as I know there's only one way that's issued to minimize losses in trading,  namely by setting a cut-loss limit. As an investor or crypto trader, both beginners and seasoned you may already understand the term cut-loss namely the strategy of selling crypto at a price lower than the purchase price. Besides that, the time to cut losses is usually different depending on our position in holding crypto, whether you're an active trader or you're an investor who invests in long-term. The strategy of getting out of the market at the right time I think this is the hardest thing, we never know the direction of actual market movements, because the crypto market is the most volatile market. In this case, I personally only rely on initiatives that are in my mind but after doing flashbacks, re-analyze and think carefully.

[beerlover]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

Exiting market first depends on your goal for investment, whether on a long term or a short term, for a long term, it will be very glaring on when to exit market, there might not be a specific time but the market will be much  more green enough to give you a breathing space to decide when to take your profit and leave.

I usually don’t wait for the market to reach ATH before exiting on a long term base, but when it comes to short term investment, the only strategy I use in know when to exit trade is to strictly follow news and do my own research technically, from news, I should be able to pick the direction of a price when I weigh the ratio, which ever factor has the highest ratio is what I take to analyze further technically.

[Vaculin]

I think the meaning of quitting is to stop loss ,especially doing trading which is common strategy of some ppl in order to prevent regrets in the future and etc. But just temporary because it's just like you taking a vacation and you need to come back after especially if you know that the market is already stable and good to start again to regain losses.

Yes. The art of quitting is not just applied to crypto trading but also even in all investments. You have to set a target goal wherein you have your maximum profit desired and if this one will be reached, then you can stop trading or investing and be back again once the chances for making profits is very high.

[prtty2gal2]

I think the meaning of quitting is to stop loss ,especially doing trading which is common strategy of some ppl in order to prevent regrets in the future and etc. But just temporary because it's just like you taking a vacation and you need to come back after especially if you know that the market is already stable and good to start again to regain losses.

I think the art of quitting is trying to explain here is the right time to take a profit, like maybe you still keep your position open or close it at the sight of a little profit because if you see from his further explanation, he buttressed more on the point of gaining money which he said successful people has done by knowing the time to exit. You know, provided a project is good, there will always be huge profit on it on a long term base, so one can just apply your own tactics too, enter the market when the price is low and exit it when one has taken profit that makes one happy and leave the market to go on a vacation pending the time the prices falls again or one to buy back.

[boty]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

Quiting is not really a good thing in investments because you will need experience,  patience and persistence for you to really succeed in trading and investment and quiting keep you from succeeding. When you quit you are a loser and success is far.

It is true that giving up is not a good thing to do, but there are a lot of traders who experience preferring to go out when they lose or get stuck in expensive prices because if they continue it might make them lose so it's better to do it more safely .

[jrrsparkles]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

Quit means they just looking for one time profits and this is not an art for the smart people,one who know when to enter and when to exit and keep repeating it known as experienced which can give more benefits to the investor.If someone failed one time and they are quitting means what they will lose all their capital at some business which I learned from my personal experience.

[koroke]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

Instead of using the word quitting as one of the factor how eell you can be in crypto community I want to use the word 'Seatback' which means reverse of fortune. Instead of working and sacrificing necessary things that you should keep with you taking rest will certainly help you to think of a better strategy in making profit. As what you have said, dedication,research as well as patience are essential factors for a certain business to boom but in reality it's not only about moving forward but considering setback in the picture. For example in gambling , we can't expect luck to happened each day and if you think you are about making multiple losses it's time for you to consider setbacks and regaining strategy to obtain profit in the next time, and that's what I usually do whenever I play into an online casino which is Vegas casino playing variety of games that I love with proper moderation as well as enjoying their great deal of welcoming reward just for doing my deposit into it and considering setbacks if necessary.

[LimLims]

Yeah Art of quitting is really a necessary step in order to yield great profits in trading.
Let me tell you more briefly. If you don't know when to stop and how to stop,  then you will ultimately face losses only.
A great trader/gambler knows when his limits are over and therefore he can be mentally prepared to stop or quit.
If you know the art of quitting then you will definitely be a big winner.

[Indrawan77]

Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

[Tungsten-1]

Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

It is not that hard if you have any kind of experience with trading, most of time quitting happens when the price of the coin rises high, we wait and trade for long term, we will have to wait until price recovers, panic selling is not good step for wise traders and I always try not to quit specially if I bought at a bit high price, as it is not good dealing.

[bravehearth0319]

i wouldn't call it "quitting". it is more like taking profit out. of course this is only concerning when you are making an investment and care about nothing else.

to take profit you have to have set a target for yourself. this target is set based on things such as the profit you want to take, the market state, the asset you have bought, the potential of that asset, and a dozen other things depending on what you have invested in.
for example in an altcoin that is getting pumped, that target for me depends on how much power that pump has, how much hype is circulating in the media about it and also about how much volume i see going into that pump. then i try to speculate a top and dump my altcion a little below that target because i don't want to be late.

I agree with you that quitting might not be the appropriate. This is just about timing up of your investment and trading. It is about the strategy of resting while the storm is hitting, and then returning to full blast as soon as the sun rises. There's nothing wrong with resting. The market doesn't look bright all the time. For sure there will be ups and down.

[milewilda]

i wouldn't call it "quitting". it is more like taking profit out. of course this is only concerning when you are making an investment and care about nothing else.

to take profit you have to have set a target for yourself. this target is set based on things such as the profit you want to take, the market state, the asset you have bought, the potential of that asset, and a dozen other things depending on what you have invested in.
for example in an altcoin that is getting pumped, that target for me depends on how much power that pump has, how much hype is circulating in the media about it and also about how much volume i see going into that pump. then i try to speculate a top and dump my altcion a little below that target because i don't want to be late.

I agree with you that quitting might not be the appropriate. This is just about timing up of your investment and trading. It is about the strategy of resting while the storm is hitting, and then returning to full blast as soon as the sun rises. There's nothing wrong with resting. The market doesn't look bright all the time. For sure there will be ups and down.

Well said! Not all the times the market is kind to us on where there are really lots of storms and waves to be experienced which would really cause loss of money and
very hard to determine or to make some analysis with it thats why as a trader we should be wise on when to quit or completely have a break when we do already sense
that it is already risky to proceed on.

[gabmen]

Its kind of difficult to determine which is the right time to quit, it can be based on the trend news or the chart, sometimes it could be a trap and the price could rise higher, so I think it need a wide knowledge and experience to know when to quit, for beginner when you already make profit and the chart show a downward trend then it's time to sell

It is not that hard if you have any kind of experience with trading, most of time quitting happens when the price of the coin rises high, we wait and trade for long term, we will have to wait until price recovers, panic selling is not good step for wise traders and I always try not to quit specially if I bought at a bit high price, as it is not good dealing.

Or if you're following a strategy or a solid plan with your trades. Quitting doesn't necessarily mean giving up entirely. It sometimes means you're in full control of your emotions to be able to trade again the next day. There will be days when trades aren't working well for you so instead of allowing it to affect your thinking, might as well quit for the day.

[Ritrees]

It is more the Art of having Patience. You don't need to be in a trade all the time.
Waiting and doing nothing for a while, name it quitting if you want, can be very profitable too.

[Seth2009]

Lets discuss about Art of Quitting . Entering any market or business is required lots of research , dedication as well as patience . I think its also applies for Quitting . Based on some research people successfully gained money in Crypto market or any other trading Market  They know the skill Art of Quitting . Could some experience people can give their Strategy about Exiting market in Right time .

In order. For you to gain more profits even if its in bearish time, learn to trade... Learn the basic indicators price actions volume support and resistance.. Reading charts and candlesticks.. If you are in full knowledge in crypto you will learn where to quit and yet still gain profits

[eaLiTy]

Sometimes having an exit in mind is a bad idea. Like yesterday when Bitcoin pumped 20% if you had decided to exit you would have lost a chance to double this profit today.
The best way around it is to wait and be ready to sell at all times or set up a bot to sell for you when prices fall.

It depends on the market situation, the smart move is to invest for the long haul then you wont be selling during these valuation, unless you see a good rally we will hold on to the coins and during those times having a exit strategy is a good one to come up with a good profit before the market crashes and entering once again at the bottom, having a bot to monitor those price movements is a good idea.