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Author Topic: Do you want to quit trading ?  (Read 1915 times)
bitzizzix
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October 06, 2021, 06:21:19 PM
 #201

I think leaving the trade is not the solution. After experiencing a loss in trading, as a trader should make it an experience. Losses are always a major problem in trading, so as a trader you have to practice your skills and implement better strategies.
It can be a solution.

If you've been dealing with losses, it's the solution that you have to do. Yeah, a temporary solution that could make you think of a better strategy and approach on the market.

That could be a better solution to give up as of the moment if trading don't work for you.
Not all crypto traders have good stories because there are also some of them who have bad stories due to losses, and it all depends on you how strong and persistent until you become a profitable trader.
corrections must be made and if they are not addressed immediately it will make it difficult for traders both psychologically and trading results to become worse, my advice is to stop trading for a moment and identify the factors causing the loss and fix it.
make mistakes and losses that occur as an experience that you will not repeat and change it for the better as a professional trader who does not give up easily.

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October 06, 2021, 06:25:02 PM
 #202

I have never thought about quitting it. We could make the most of it, but you have to learn a lot to survive in the same.
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October 06, 2021, 06:27:55 PM
 #203

Yes, I have similar thoughts myself and actually quit trading a few times in the past because of too high risks . The first time I was involved in trading was back at university where I went into stocks and futures trading with some friends. Initially we were doing well but lost all our profits in a week of bad trading, after that I stopped trading completely for some year. Only after getting my first paychecks in my job after university I started looking at trading again, that was the first time I heard about crypto currencies. So I tried my luck with Bitcoins, Litecoin and Dogecoin. But again my profits were not as high as I opened for, for all the time I invested, so I quit trading again. And after a few years I want to try my luck again, that is why I am back into crypto currencies since last year. While risk is still a big factor for me, it makes it easier to deal with when the prices are so high as this year. The risk of making a loss with my coins is not so high this year.
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October 06, 2021, 06:45:04 PM
 #204

I have never thought about quitting it. We could make the most of it, but you have to learn a lot to survive in the same.
There's no need to quit.

If you can do things at your own and solve it with the strategies that you still have, you don't have to quit. There are times that you have to take your own moment and leave the market.

But it doesn't mean you have to quit.

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October 07, 2021, 11:18:31 AM
 #205

I have never thought about quitting it. We could make the most of it, but you have to learn a lot to survive in the same.
There's no need to quit.

If you can do things at your own and solve it with the strategies that you still have, you don't have to quit. There are times that you have to take your own moment and leave the market.

But it doesn't mean you have to quit.

We don't give up quickly and decide to stop trading when we experience losses, as long as we do all the preparations properly. Then we also use
a strategy that is in accordance with the results of the analysis we do, we just need to be patient to be able to make a profit from trading.
Don't be too hasty in deciding to stop trading, because to be able to make a profit from trading, we have to go through several failures first.
The winners of this market don't quit quickly.

Most winners are staying and don't settle for their losses. Accepts that fact that they've lost but that doesn't discourage them and stops abruptly just because of it.

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October 07, 2021, 12:08:10 PM
 #206

What is life without risk??
Life itself is a risk so in order to achieve certain heights, you should be ready and willing to make steps that may not favour you at the time...

I've had my own share of lose and of course gains, most times the loses even seem to be higher than the gains but in all, quitting has never been an option..

We only hope for a better tomorrow and as the day goes by more knowledge is acquired which helps reduce the chances of ever wanting to give up...

I've chosen to Stay positive, knowing that it shouldn't always be Rossy.

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October 07, 2021, 04:37:49 PM
 #207

Sure just like you said it's like a job there is some occasion where you feel like you hit the bottom where it's burn out, losing constantly etc and I do feel like that quite sometimes.
Because of trading, I have made some achievements that I can accomplish because of trading such as buying something, for my college etc. So that being said, I can't just quit trading.
Even though I get a  job in the future, why would I quit trading if I can treat trading as my some sort of investment and for secondary source of income lol

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October 08, 2021, 02:56:06 PM
 #208

The winners of this market don't quit quickly.

Most winners are staying and don't settle for their losses. Accepts that fact that they've lost but that doesn't discourage them and stops abruptly just because of it.
Those winners already have a strong psychology and are not swayed even though they suffer losses.
Looking for loopholes for mistakes that must be corrected will make trading skills better. Continue to hone and use a strategy that really fits the type of trading yourself.
Winners have accepted the reality of losing, but they will also create a reality that they can gain and turn things around.

Everything can be done as long as there is a will to try, a willingness to learn. nothing is done instantly, everything requires a process.
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October 08, 2021, 07:17:17 PM
 #209

The winners of this market don't quit quickly.

Most winners are staying and don't settle for their losses. Accepts that fact that they've lost but that doesn't discourage them and stops abruptly just because of it.
Those winners already have a strong psychology and are not swayed even though they suffer losses.
Looking for loopholes for mistakes that must be corrected will make trading skills better. Continue to hone and use a strategy that really fits the type of trading yourself.
Winners have accepted the reality of losing, but they will also create a reality that they can gain and turn things around.

Everything can be done as long as there is a will to try, a willingness to learn. nothing is done instantly, everything requires a process.
Agree on this.

It's already part of winning and you can't win if you don't lose nor accept that you've lose before. That's very essential for a trader to accept that fact.

And times will come that you'll be there but it's not as always because you'll learn every single time you lose.

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October 08, 2021, 08:59:21 PM
 #210

Everything was fine when I first started trading, I was making money, and I was very happy, but there was one time when Bitcoin started dumping, which happened last year for a few months, and I was liquidated in my future trades, and in my sport trading, all of my coins dumped massively. I was still new at that time, so I was thinking maybe trading wasn't for me, so I was thinking about quitting, I talked to one of my friend and he advised me and I took his advise and didn't sell the coin at  lost, and after a few months, all of my coins recovered and I subsequently sold at a profit, so I don't think I'll ever think about stopping trading, no matter how bad things get.

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October 09, 2021, 03:43:30 AM
 #211

Sure just like you said it's like a job there is some occasion where you feel like you hit the bottom where it's burn out, losing constantly etc and I do feel like that quite sometimes.
Because of trading, I have made some achievements that I can accomplish because of trading such as buying something, for my college etc. So that being said, I can't just quit trading.
Even though I get a  job in the future, why would I quit trading if I can treat trading as my some sort of investment and for secondary source of income lol
Exactly! I can never think of quitting as well,When trading is another avenue of making  good profit.a source of income which can be used to back up my financial status.
In trading,there is no quiting for me,it is what I have started,and I am going to continue it no matter the risk involved,because it is the risk that is scaring people and making them quit,but as for me,I will continue taking the risk.
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October 09, 2021, 05:20:00 AM
 #212

The winners of this market don't quit quickly.

Most winners are staying and don't settle for their losses. Accepts that fact that they've lost but that doesn't discourage them and stops abruptly just because of it.
Those winners already have a strong psychology and are not swayed even though they suffer losses.
Looking for loopholes for mistakes that must be corrected will make trading skills better. Continue to hone and use a strategy that really fits the type of trading yourself.
Winners have accepted the reality of losing, but they will also create a reality that they can gain and turn things around.

Everything can be done as long as there is a will to try, a willingness to learn. nothing is done instantly, everything requires a process.
Agree on this.

It's already part of winning and you can't win if you don't lose nor accept that you've lose before. That's very essential for a trader to accept that fact.

And times will come that you'll be there but it's not as always because you'll learn every single time you lose.
Converting your losses into learning tools is the best thing to do when dealing with trading,
You won't be bothered to quit if you have that kind of mindsets, many people failed to this business
due to wrong interpretations, they are trying to keep having winning trades and unwillingly to accept
mistakes.

Mistakes should be corrected and use as experienced to lessen the chance of keep losing each time
you execute your trades.

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October 09, 2021, 06:26:42 AM
 #213

I think leaving the trade is not the solution. After experiencing a loss in trading, as a trader should make it an experience. Losses are always a major problem in trading, so as a trader you have to practice your skills and implement better strategies.
It can be a solution.

If you've been dealing with losses, it's the solution that you have to do. Yeah, a temporary solution that could make you think of a better strategy and approach on the market.

That could be a better solution to give up as of the moment if trading don't work for you.
Not all crypto traders have good stories because there are also some of them who have bad stories due to losses, and it all depends on you how strong and persistent until you become a profitable trader.
corrections must be made and if they are not addressed immediately it will make it difficult for traders both psychologically and trading results to become worse, my advice is to stop trading for a moment and identify the factors causing the loss and fix it.
make mistakes and losses that occur as an experience that you will not repeat and change it for the better as a professional trader who does not give up easily.
It is for some that can be a solution but for the others it cannot be.

What makes you good at choosing your strategy is depending the effectiveness of it. No matter how easy or long you quit if you think that you're letting go and you're choosing the right thing, that's fine because you can go back anytime.

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October 09, 2021, 08:24:29 AM
 #214

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 consider it before, yes. But I just realized that because I'm losing it means two things, first is because I'm just unlucky and the market doesn't go with my technical analysis and second is because I am inexperienced trader and there are many things I should learn from mistake and after I realized that I tried to study more and don't repeat my same mistakes I did before and now I can say that I'm earning in trading even though its not that big but still I managed to earn.

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October 09, 2021, 05:45:49 PM
 #215

I guess people with really bad luck and constant losses can think about quitting trading, if they are not ready to learn more and to change the way they are trading. It's always adapt and survive, or simply quit and find something that will work better for you.

I don't think I will ever stop trading, it's going good for me with some my to long term trades, the market grows every once in a while, we just need to be patient and give our trades a bit of time, that can be very profitable. So I found what is going good for me and I will stick to that.

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October 09, 2021, 06:14:41 PM
 #216

I guess people with really bad luck and constant losses can think about quitting trading, if they are not ready to learn more and to change the way they are trading. It's always adapt and survive, or simply quit and find something that will work better for you.

It is necessary for them. If a trader cannot prepare himself to develop his/her skills then he/she should quit trading. Because no trader can stay in the market long term without proper trading knowledge, due to lack of sufficient knowledge he/she will make a profitable trade and then he/she will take many more loss trades. By doing so, the trader will lose his capital very quickly. So a trader has to spend time to become an expert in order to stay in the market for a long time.

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Quidat
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October 09, 2021, 06:37:11 PM
 #217

I guess people with really bad luck and constant losses can think about quitting trading, if they are not ready to learn more and to change the way they are trading. It's always adapt and survive, or simply quit and find something that will work better for you.

It is necessary for them. If a trader cannot prepare himself to develop his/her skills then he/she should quit trading. Because no trader can stay in the market long term without proper trading knowledge, due to lack of sufficient knowledge he/she will make a profitable trade and then he/she will take many more loss trades. By doing so, the trader will lose his capital very quickly. So a trader has to spend time to become an expert in order to stay in the market for a long time.
Quitting would only be that good if you do really engage on trading for a long time period which you could able to see that you dont really have any improvement despite of such long time of engaging it which you could
really say into ones self that you arent really doing good on this thing.There are really things in life which you couldnt really able to succeed out even though others people do able to make it out but doesnt mean
that it would also work on you but somehow you should have at least that considerable threshold before you do make out such decision and not on quitting directly just because of some few tries and failures.

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October 09, 2021, 07:02:59 PM
 #218

Trading is an excitement and I like it. So I have no decision to quit trading. Occasionally there may be a loss in trading. This can lead to frustration and a desire to quit trading. I think one should trade with patience and not despair.  Because now the time is going well and there will be profit.
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October 09, 2021, 10:42:03 PM
 #219

Trading is an excitement and I like it. So I have no decision to quit trading. Occasionally there may be a loss in trading. This can lead to frustration and a desire to quit trading. I think one should trade with patience and not despair. 
It is exciting if you're doing good but not anymore if you don't. Traders who keep looking at the best of them will never quit and is very optimistic with their potential outcome as they trade. If you think that it's not needed to quit then don't quit because you're believing to yourself and where trading can bring you in the future.

Because now the time is going well and there will be profit.
But the truth is not for all traders.

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October 09, 2021, 11:10:30 PM
 #220

Trading is an excitement and I like it. So I have no decision to quit trading. Occasionally there may be a loss in trading. This can lead to frustration and a desire to quit trading. I think one should trade with patience and not despair. 
It is exciting if you're doing good but not anymore if you don't. Traders who keep looking at the best of them will never quit and is very optimistic with their potential outcome as they trade. If you think that it's not needed to quit then don't quit because you're believing to yourself and where trading can bring you in the future.

It was found to be crazy to continue trading even we badly experienced losses almost all the time. There is no such a profit that thing and there is no excitement to feel. It is better to quit before all our hard work money is gone for nothing. Maybe it was very understandable that trading wasn't for us and I think we don't need to force ourselves to do a thing that we know wasn't for us. It is sometimes we have to move on and look for the place where we are capable of.

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