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Author Topic: Leave crypto trading in lost condition is not an option.  (Read 571 times)
Wexnident
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March 08, 2020, 05:02:47 AM
 #21

Well, it's natural for humans to have greed, especially if one does not understand the concept of what he is actually entering but nonetheless completely believes that what they are doing is going to generate a lot of profit. It's like complete confidence towards an empty belief. If they were someone who just left their money on BTC and waited, then that's a different issue since they're just trying to earn by hodling, but if they assume that just entering the market means profiting 100% of the time, then that's they're a mistake.

This is why there's a tip that only invest what you can lose because as much as you can earn on trading, you can also lose as much as that.

 
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March 09, 2020, 01:42:51 AM
 #22

Before you proceed in business,you need to learn the step by step process in trading procedure which is the fund should be good for a long term savings for fully trade support.because as a entrepreneurship you should have to tax a blood and perspiration, that's if you' re really want to grow with your target of making profit perfectly,upon this opportunity you should not be discouraged when your crypto trading is low which is probably proven as normal condition,never leave crypto trading until the last stage.

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March 09, 2020, 02:04:30 AM
 #23

I have always said it, if you are trading as an income to live, that is always too risky and would never work because in the long run you are using your own trading capital to live and the more you spend the less you can earn with the amount you have left and eventually you will be left without a chance to make profit.

I personally have tried to make an income from staking for example and even that didn't turn out that well since I needed that money constantly and eventually broke it off and just cashed it in. If you can afford to find a way to have a passive income and live with that and on top of that earn something with trading that would work, but to have a trading profit that you spend is never a good idea and would never work in the long run.
I think you should only consider this market as a side job because it may not always help you to make a good profit here and there will be a lot of hard times if the market turns red. I only trade on weekends to make a profit because I don't have much time in this market and my main job takes a lot of time to complete.

However, if you consider this market as the main source of income, you need to be more confident when choosing to trade and always consider carefully before making decisions because every decision you make will affect your assets.






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March 09, 2020, 04:23:26 AM
 #24

Before you proceed in business,you need to learn the step by step process in trading procedure which is the fund should be good for a long term savings for fully trade support.because as a entrepreneurship you should have to tax a blood and perspiration, that's if you' re really want to grow with your target of making profit perfectly,upon this opportunity you should not be discouraged when your crypto trading is low which is probably proven as normal condition,never leave crypto trading until the last stage.

roight mate  . you understand the movement of the coin and its risk , downtrend isnt enought for you to leave then  . you must keep going until you finish your entire balance  .

if you keep doing the same mistake  , that is the time that you must change strategy or else quit and find other profitable business if this does not work still   . others leave because of the market condition but its not right ot leave this way , we should better leave because we have other reasons , let say if we are busy now something  or others   .
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March 09, 2020, 05:18:51 AM
 #25

I think you should only consider this market as a side job because it may not always help you to make a good profit here and there will be a lot of hard times if the market turns red. I only trade on weekends to make a profit because I don't have much time in this market and my main job takes a lot of time to complete.

However, if you consider this market as the main source of income, you need to be more confident when choosing to trade and always consider carefully before making decisions because every decision you make will affect your assets.

If he uses trading as his main source, he needs to learn more about trading so he can make analyze better than before. But if he only uses trading as a side job, then yes, he doesn't need always to trade if the market is hard to analyze. If we have skills to analyze the market, we can consider using trading as a way to make money because I have a friend that use trading as his main source to make money. He is trying to analyze, but he always holds himself not to trade if the situation is not right to trade.

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March 09, 2020, 07:05:27 AM
 #26

I think some people will come out when they have lost. however, they sometimes want to try trading with a number of assets, and when they lose, they will come out.
however, some people are still dreamed of large profits and do not accept their losses. I think, they feel that profits are in front of their eyes, and when price increases occur according to their thoughts, they will be rich. These are some of the reasons why people don't want to quit even though they have lost money.

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March 10, 2020, 08:06:40 AM
 #27

Well, there are people who make forex trading as a living or stock market investment as a living in some sort of way and there is nothing wrong with that. You can make crypto trading your income as well if you are too good.

I just think that it would be really difficult and would be very dangerous if you are not careful about it. Also when we are talking about traders that are doing it full time we are not talking about small timers, those people can't afford to live with the money they make, we are talking about people who have tens of thousands of dollars to spare and try something like this, I personally do not even have that much money for myself let alone to spare for trading, so they must know something better than me to have that kind of money to begin with.
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March 10, 2020, 01:14:29 PM
 #28

I think some people will come out when they have lost. however, they sometimes want to try trading with a number of assets, and when they lose, they will come out.
however, some people are still dreamed of large profits and do not accept their losses. I think, they feel that profits are in front of their eyes, and when price increases occur according to their thoughts, they will be rich. These are some of the reasons why people don't want to quit even though they have lost money.
I have these 3 types of trader in my mind

1. The Holder
       - This type of trader is always safe. He does not mind the decreasing value of his assets even it is getting too low than what he expected. Best of all is he does not panic.
2. The Exaggerated
       - He is always in monitor of his assets. He always predict too much optimistic outcomes and posting everything on social media. lol
3. The Bipolar
       - Simply becomes happy when he gain and turns sad when he lost. Common type of trader now.

Can you guys add some?
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March 10, 2020, 02:36:59 PM
 #29

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.

They are still hoping that they can earn crypto through trading like me. Well, just do not mind them/us. It is our own choice to trade. Just focus on what you are good at and on where you are earning. Didn't you realize that you are also wasting your time, energy and effort pleasing people to stop trading ?

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March 10, 2020, 04:15:33 PM
 #30

Actually making them quit crypto trading because of a loss is really a bad advice coming from a crypto trader. Instead of suggesting them to quit why not treat their mistakes as a learning experience for them? I know it is a tough pill to swallow but they will really lose everything if they just quit without trying again. If they are holding Bitcoin at a loss right now then they can still cut it and try to buy some crypto again. If they start cutting losses near their capital it will really be a good start for them conoared to cutting it like 10% or more than their original capital.
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March 10, 2020, 04:25:45 PM
 #31

They'll have to take some pill or a sort of advice that trading isn't for them and they can't be profitable for this because it is particularly not working with or they are not working it either to improve their trading skills and knowledge. It sometimes we have to open up our mind and accept that we can't be in one thing, may the others could make it but we can't. Pushing ourselves into this thing that even one time we can't make money for many years, it is absolutely a waste of time and money. Why not working into the other areas that might be suited to us?
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March 10, 2020, 04:26:00 PM
 #32

Once you have been involved in trading just go on. That is cowardness if you quite in trading just because you experienced in a lost condition. How could you become an expert if hile in the early stage you are already quitting? You will probably learn from your mistakes and becomes perfect soon. Leaving is crypto is not an answer there. Stad up and continue your journey in trading, soon you will never know you are very successful.

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March 10, 2020, 05:57:32 PM
 #33

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.

Without patience, crypto trading would be a loss. I have seen many traders who have lost money due to impatience. In order to trade, you must have knowledge of trading. Leave crypto trading will not be a good idea IMO. There is lot of people like you, who make mistake everyday. Learn from your every mistake. Not make the previous mistake in the future. One day you will succeed.

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BuNga_cute
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March 10, 2020, 07:58:02 PM
 #34

I am sure the number of people leaving crypto trading in a condition of loss is very small, because it is not the best solution is to leave
crypto trading in a loss condition. Because the best solution is to keep trying crypto trading to find the right strategy to be able to generate
profits. Because failure is the beginning of success.No need to leave crypto trading if we fail, but keep trying until success is the best solution.

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March 10, 2020, 09:01:45 PM
 #35

In order not to get into an unpleasant situation due to unsuccessful trading, you must clearly understand what percentage of your deposit you are willing to lose painlessly.
Otherwise, you will always experience overwhelming stress if you trade on money that you are not ready to lose.

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Yamifoud
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March 10, 2020, 10:16:46 PM
 #36

In order not to get into an unpleasant situation due to unsuccessful trading, you must clearly understand what percentage of your deposit you are willing to lose painlessly.
Otherwise, you will always experience overwhelming stress if you trade on money that you are not ready to lose.
It is something you need to find what best for you. It was a terrible thing to happen when you know that you are already at lose but still you have to push yourself into it. Of course, we need to recover our losses but finding out that trading may not good for you then it is something you have to accept with and better to stop. The problem with most of us is that we can't accept our failure and tend to make things all be good even though we know that it is really for us to work with. That was a stressful life...
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March 11, 2020, 12:16:14 AM
 #37

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.
First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from ones previous is always the right decision.

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leowonderful
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March 11, 2020, 12:28:02 AM
 #38

It's hard to leave things like trading even if you know you're prone to losing money from something like pure inexperience because people post their trading success all the time on places like Twitter and even on this forum, and thus it's easy to get into a mindset that you were just unlucky last time and things will turn out differently in the future even though they most likely won't. People generally don't like to leave things negatively or at a loss, even though realistically the best option is just to cut your losses.

Find another way to make money that's more consistent than trading. Trading's very much not for everyone.
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March 11, 2020, 03:30:37 AM
 #39

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.
then thats all fact because people in crypto mostly try to make money but don't put limits on their actions.
they don't even make right plans before engaging in trading and this made them lose.but if they will only learn first before trading?
i am sure they may have small losses.look at those experienced traders that has been here but still gaining?
because they did not surrender just like that besides they use strategy in right manner and not only for greediness.

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March 11, 2020, 06:09:45 AM
 #40

Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.
First of all, crypto trading (especially day trading) is not for everybody and leaving crypto trading while try another means of crypto investment like long term holding could be the right option.
With that been said, learning from ones previous is always the right decision.

I like the idea of using crypto as the long term investment if he cannot get any profit with the short term trade. He can use another thing to make money than to expecting to make money from crypto. I believe that he will have another opportunity to make money in other fields because perhaps, he will use his skill in the right fields.

Selecting to leave crypto trading in lost condition will be an option as long as he doesn't sell all of his coin in a low price because he will not have a chance to make a profit when the price increase back. I think he can leave crypto trading for a while with the coins insides his own wallet and don't keep the coin in the exchange's wallet, so he doesn't have to worry from the bad things that can happen, while he can also search for another thing to make money.

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