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Author Topic: Do you want to quit trading ?  (Read 1914 times)
Hippocrypto
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September 12, 2021, 10:22:49 PM
 #121

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

I don't plan to do that, since trading had provided me more certain chances to acquire profit despite of losing sometimes. We can't be an expert if no bad experiences happened to us when trading. Higher risk involved, has to be observed and calculated before letting your funds roll over trading on coins without potential. I won't risk unless I don't have awareness towards a specific asset roadmap.
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September 12, 2021, 10:27:00 PM
 #122

I will not quit trading, because bitcoin has a very huge potential influence in the entire world. I take trading as source of income and I learn more on trading every day. People with different ideas and knowledge about trading gives us more insight in this forum and they help us in moving some steps forward as we really believe in bitcoin.
Your courage won't save you from losing and even you think Bitcoin has a huge potential market gain, you can never rely on it as a source of income. People who had come into trading must know about the risk, sometimes must have also to think if trading is for us or not.
I'm not saying you should step out from trading because it seems you love it and are comfortable of doing it. But for those who are not good at this job, quitting is the best option to take.



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September 12, 2021, 10:59:33 PM
 #123

I will not quit trading, because bitcoin has a very huge potential influence in the entire world. I take trading as source of income and I learn more on trading every day. People with different ideas and knowledge about trading gives us more insight in this forum and they help us in moving some steps forward as we really believe in bitcoin.
Your courage won't save you from losing and even you think Bitcoin has a huge potential market gain, you can never rely on it as a source of income. People who had come into trading must know about the risk, sometimes must have also to think if trading is for us or not.
I'm not saying you should step out from trading because it seems you love it and are comfortable of doing it. But for those who are not good at this job, quitting is the best option to take.
Quitting is not the best option i think. Everything in crypto can be learn and i know everytime you failed in trading, reality sucks that you have to do it better and be serious in it. Experience will definitely be the best teacher and for sure, you will learn from your mistakes and failures. I know in time everyone can do better in trading.

However, if you see it negatively everytime you commit mistakes, then you will never be motivated to do trading with more knowledge and skills. In this case, better to stop trading rather than see yourself losing more often.

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September 13, 2021, 05:31:46 PM
 #124

For me biggest reason why I dont do day trading is getting tired. You need to be almost 24h in the game to follow everything if you want to have bigger chance of earning. For me if you are not playing with big money it's not worth the time and health.
You don't "need" to be on 24 hours. However it is highly recommended to be online as much as you can because the longer you are on, the more chances of profit you will catch. I personally do not trade that way at all, I feel like it is a game, I have some money in binance, and I trade whenever I want to, I open up the charts, I check what is doing what, and then either trade if I see something or maybe I do not even trade.

You do not open a game and play it 24 hours (well not anymore at this age for me at least) you just open it and play a few hours and be done with it. That is not a full time crypto trading as a job, that will not make you a lot of money, that will not even make you a little money, it will make you tiny profits however it is still profitable instead of losing. This is why if you really want to have fun, then you could trade however you want.
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September 13, 2021, 09:46:30 PM
 #125

I will not quit trading, because bitcoin has a very huge potential influence in the entire world. I take trading as source of income and I learn more on trading every day. People with different ideas and knowledge about trading gives us more insight in this forum and they help us in moving some steps forward as we really believe in bitcoin.
Your courage won't save you from losing and even you think Bitcoin has a huge potential market gain, you can never rely on it as a source of income. People who had come into trading must know about the risk, sometimes must have also to think if trading is for us or not.
I'm not saying you should step out from trading because it seems you love it and are comfortable of doing it. But for those who are not good at this job, quitting is the best option to take.
Traders who have more courage to trade but still finds trading not profitable for them so maybe quitting might be their last option. But as an advice, its better not to quit and lose everything you have started. Trading can be learned with your different experiences so its more likely the more experiences you will gain, the higher the chances you will be good in trading.

We know trading has definitely its high risk that is why we should always be prepared before engaging into real trading activity. So if you don't still get it, and trading is really hard for you, I suggest maybe you can take a break and come back to trading once your motivated to do trading again.

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September 16, 2021, 04:28:51 PM
 #126

Ive never considered abandoning trader because of any reason. No matter how much i loss, i always look forward to make them back.
You're persistent.

Despite the difficulty that you're experiencing as a trader, you won't give up. Well, you can have other option if you keep on failing as a trader.

You actually don't have to quit it but just leave it.
Yes, you are very persistent.

because most of the common mistakes that are usually made when trading is to give up when accepting losses, even though the losses that occur will be a valuable experience for them to be better in the future.
and loss is a risk that must be accepted by traders, and make failure or whatever it is as your motivation to become a successful trader.

Stay positive. Wink
Staying positive is good but don't just overlook and have too much of it. There's also a time that being too optimistic will push you harder even if you're already seeing the negative on it.

Those losses will always be a part of your wins and lessons that are with it.

Thus, what happens is that losses are usually seen as the greatest of all failures, sometimes losses make one as a trader grow and have more confidence when making a commercial decision. Sometimes optimism is the right path, but as long as you have total control of what you can afford to lose and know why you lost, it is the only way to learn, in the same way it is done when you win in trading, to my is the only way to learn.

However, many people have different ways of being able to see losses in Trading, some want to leave it because of its failure, others use that loss to regenerate their strategies.


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September 16, 2021, 06:02:00 PM
 #127

I will not quit trading, because bitcoin has a very huge potential influence in the entire world. I take trading as source of income and I learn more on trading every day. People with different ideas and knowledge about trading gives us more insight in this forum and they help us in moving some steps forward as we really believe in bitcoin.
Your courage won't save you from losing and even you think Bitcoin has a huge potential market gain, you can never rely on it as a source of income. People who had come into trading must know about the risk, sometimes must have also to think if trading is for us or not.
I'm not saying you should step out from trading because it seems you love it and are comfortable of doing it. But for those who are not good at this job, quitting is the best option to take.
That's why trading is not as easy as some people think and making a profit is not easy,
besides the big risk, of course there are many factors that make us continue to lose or lose money when trading,
other knowledge and skills are also important

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September 16, 2021, 07:15:48 PM
 #128


That's why trading is not as easy as some people think and making a profit is not easy,
besides the big risk, of course there are many factors that make us continue to lose or lose money when trading,
other knowledge and skills are also important
The whole concept seems to be easy but in reality it's not, trading composed by many influenced, easy to say to buy low and sell high but executing the process is the thing that most traders and investors start to lose their money, the timing and the changing volatile nature of this business.

You need to have good skills and knowledge with the market that you are investing your money, without the effort of researching and studying the business, you'll see yourself keep losing your money.

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September 17, 2021, 05:19:02 PM
 #129

I think it is a smart thought that such an individual quits exchanging before they lose significantly more cash as it is clear somebody like that can't turn into a fruitful dealer. They don't plainly see how exchanging functions cause them to endure misfortunes. Not all are bound to turn into a broker, that is the reason we likewise have not to compel ourselves the.

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September 17, 2021, 05:25:44 PM
 #130

Losing money can have catastrophic effect on one's life, however  I will not quit trading as is good passive income for me.  I know potential to lose money is there but preservation of capital have always been the rule I live by trading.  I have done well with my philosophy of trading and there is no need to quit if I continue with my trading rules.  Trading is not as risky as it's seem if you know what you are doing!

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September 18, 2021, 06:13:01 AM
 #131

There are many people who are still making money right now in trading .Yes I can say trading is not easy it is difficult but that doesn't mean that you can quit trading.

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September 18, 2021, 07:50:06 AM
 #132

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

Don't feel stress and pressure even in the event of a loss. There's always a rainbow after a wrong decision.

I'm not saying we should just continue to stop doing trading as only heavy losses happened. Practice makes perfect. If you don't feel like doing trades after a loss, take a break for the moment. After getting the calm mindset, now decide if still wants to do trading.

That's life. There's no easy road to success.
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September 18, 2021, 09:22:26 AM
 #133

I believe that trading is not the easiest option. It should be understood that before starting to work in this industry, you need to be confident in your abilities.
^ It is not really easy, there are too many factors to consider before you have an assurance that you will potentially earn profit.
IOt required skills and knowledge before you have confidence in trading because confidence is not enough, it should be knowledgeable enough before you will diving in on trading. If you don't have the ability I suggest there is no reason to pursue yourself in trading even though you know that there is a massive loss.  Somehow you will understand that it would be better if there is a break for a moment.
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September 18, 2021, 10:13:43 AM
 #134

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
Do trading activity means we must know that we can lose our money anytime. Maybe if we can see a lot of people will answer wouldn't abandon their trading activities in this thread. Maybe take a rest is a yes, but leave it forever, i don't think we will do it. Because there are still chance to gain profit in trading activity, not only losses as long we know and use good strategies.

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nur rochid
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September 18, 2021, 04:40:48 PM
 #135

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
Do trading activity means we must know that we can lose our money anytime. Maybe if we can see a lot of people will answer wouldn't abandon their trading activities in this thread. Maybe take a rest is a yes, but leave it forever, i don't think we will do it. Because there are still chance to gain profit in trading activity, not only losses as long we know and use good strategies.
besides that we must have a good trading psychology, so we will stay focused on the analysis we have planned. many of us are strong enough to hold the minus and are unable to hold the floating plus until we reach the target. it is a psychological pressure in humans, and we can now control it to know the development of our trading. when we misanalyze, then stopping for a moment and clearing your mind is the best way before going back to looking for transaction opportunities
Kong Hey Pakboy
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September 18, 2021, 04:51:06 PM
 #136

If I feel like it's not fun anymore, probably I would consider quitting but it's one of the few ways that I make my money, I have to probably wait some time before I consider quitting, maybe finding another way to make money could go a long way.

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Masplanc
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September 18, 2021, 04:52:44 PM
 #137

Quiting is not the best option, don't give up when things are not going well. Instead of quiting due to challenges or problem try to get solution. Quiting is like wasting of efforts , time. But if you push up , not give up . You already win.

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Cling18
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September 18, 2021, 05:50:50 PM
 #138

The moment I decided to do crypto trading, I knew the risks that I would be facing so I had the proper mindset to have enough patience, and quitting was never an option for me. In trading, if you're too impatient and could easily get manipulated by your own emotions, you'll surely lose in the end.
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September 18, 2021, 06:06:11 PM
 #139


That's why trading is not as easy as some people think and making a profit is not easy,
besides the big risk, of course there are many factors that make us continue to lose or lose money when trading,
other knowledge and skills are also important
The whole concept seems to be easy but in reality it's not, trading composed by many influenced, easy to say to buy low and sell high but executing the process is the thing that most traders and investors start to lose their money, the timing and the changing volatile nature of this business.

You need to have good skills and knowledge with the market that you are investing your money, without the effort of researching and studying the business, you'll see yourself keep losing your money.
At the beginning of trading every one know about positive and negative effects of this, so I am sure this is not talk, indeed these efforts have more potential to gain profit but here we need strong mentality If you want to be succeeded in this.

If we have passion of trading then few mistakes never enough for doing this like quitting trading if you don't have enough money for trading. Losing is happening, It's nothing bad because this give you some experience we have to more focus and hard worker for more success and better results in trading.
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September 18, 2021, 10:06:55 PM
 #140

When I started trading immediately things where going fine at least I was making money. There was one time I bought some coin after buying those coins bitcoin started dumping which all those coins I bought also started dumping, Bitcoin was dropping for more than a month I was confused because all my money was there one day I told my friend that introduce me to cryptocurrency that I want to sell all my coin and am not interested in trading again. So the guy advised me and told me to have patience that's market, since am holding good coins they will definitely bounce back and I will even sell at profit self so, so I followed his advice and I left the coin there with time the coin bounce back and I was very happy and I even sold them at profit.

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