Stop or continue trading

[Sayeds56]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

I feel sorry for your losses which usually happen when we trade in Future or Margin Markets and trade goes against your position and your account gets liquidated  so I would suggest you to take following steps before you restart trading :

1- Quit Future trading

2- Learn Technical Indicators to know when to take Entry and Exit.

2- Learn Risk and Money Management.

3- join/Follow crypto media to be aware of crypto news and projects updates.

https://www.youtube.com/watch?v=rNI166nMAFw

https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/technical-analysis/

https://cointelegraph.com/

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[coinism]

But if your funds is important money then better to stop maybe trading is not for you this time, and you need to study more before dealing in trading again.

Remember that not all people can be efficient in trading , there are more that is not for this field .

Not all people can be efficient in trading but majority of people are efficient in HODLing. OP has tried trading and lost everything he has, he must try HODLing strategy i.e. long term investment strategy. HOLDing is not liked by new comers since it requires patience but believe me its trusted and secure way of getting profit in volatile crypto market.   

[wajik-tempe]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

"lost all" in spot trading means you were investing on a really shits coin and the coin become no value at all. Try to more like investing rather than trading if you are not have enough skills to trade in crypto markets, holding top marketcap altscoin and some bitcoins is better compared to trade shitcoins.
While you learn to trade, just hold the top marketcap coins.
If it's your first year in crypto, don't worry, crypto market has much more potential to grow and knowing crypto recently is still new compared to people who know it 10 years later when crypto is become world largest currency 

[livingfree]

If you are losing trades again & again you must learn first that why am I getting loss. You should change your strategy.

If you're just getting negative result. That's enough for you to notice it and at least change what you've started because there's something wrong on your strategies.

Try to invest in good projects which will never be zero. If you are just a FOMO trader don't take risks again.

And those are the projects that are in the top.

[pgbit]

if you are getting loss again and again. you should try to follow an expert in trading. when you follow that expert you will get a lot of knowledge. means I am saying first try to get knowledge after getting the knowledge you can invest

[BIN-BIN]

Most times I feel am getting too involved in trading and that is breeding addiction as it is now obvious I want to trade all the time without minding my losses some time which is something I will want to control and limit.

[airdata]

On other hand, if you can't afford to lose anymore, then forget about trading. Its risky.

I don’t know that why maximum people say that Do trade if you afford loss or money, that's means trading Mean just risk and risk, i believe that it is incorrect, if someone buy Top Hundred good coin then everybody can make profit.           

[irsykes]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Just return then, will be very good if you learn your mistake from past which made you lose so much. Take a break, make our emotion ready, and especially capital which is we can split it again for back up, main capital and other else that made us in the end wouldn't lose our money in single shot.

[AicecreaME]

That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.

[VanityWallets2015]

That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.

Indeed, a tough decision that can only be determined none other than yourself. In addition to the aforementioned, I think that you should weigh the lessons you have learned through your initial experience, and from there discern what must be done again, improved and removed. Also, during this state I think you are vulnerable to become too eager to get back your losses. So, it is important to have some limitations and keep yourself grounded from time to time.

[AmoreJaz]

That's gonna be a tough decision to make.

In my opinion, you should have to consider few things first before proceeding to continue your trading journey. First, you should consider your financial status as of now, if you can't afford to lose anymore money, then don't go back for now to trading. Second, you should think if you gained something from it aside from experience, if you gained only disappointments, and not learn anything from your experience, change your point of view and try something else instead. Third, losing a huge capital on trading doesn't mean you should stop, take a break, and read again the first two that I've mentioned.

Indeed, a tough decision that can only be determined none other than yourself. In addition to the aforementioned, I think that you should weigh the lessons you have learned through your initial experience, and from there discern what must be done again, improved and removed. Also, during this state I think you are vulnerable to become too eager to get back your losses. So, it is important to have some limitations and keep yourself grounded from time to time.

he needs a brainstorming session with himself before he goes back to trading. ask himself, what went wrong and why? you are right that he may be vulnerable this time, and of course, he wants to recover his losses. if he will not be cautious with his actions, he will incur more losses. so he needs to contemplate on things before moving forward. but i won't suggest giving up. this is just a start of many lessons in crypto trading that he will encounter in this journey.
if he decide to continue, he will be grateful of his decision later on. but something needs to change in his tactics.

[pawanjain]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

If you did take a break after losing all your capital then I must say that it was a wise choice but you didn't mention how long the break was.
If you took at least around a few weeks or months of a break then I think you must be good to go but again that depends on how you utilized your break.
If you analyzed the market enough and redid you strategy and at the same time accumulated a budget to begin trading with then you can start trading again.
But if not then you will just lose your capital again. You need to learn from your mistakes and try not to repeat them.

[OcTradism]

I don't understand why you use new coins for trading? IMO when you buy a new coins, you're expecting pump x10 and above due to hype or you could staking to earn more coins without trading. It's useless if your trading is successful, but your coins value dropped hard.

It is not investing or trading if they buy new coins because they get them from list of gainers or from signal groups. Many new projects can fly and have too expensive price but they don't have too good products at the moment. Bull market hide real quality of projects and we can not simply see market price to judge one project is good or bad. Look at their team, development process, products and roadmap.

Price can be very expensive because of successful marketing and community FOMO but in long run, if they don't have good things behind the scene, their projects will fail and price will be fallen deeply, divided by 5, 10 or 100 times.

My suggestion stop trading with new coins, better to choose more known altcoins, at least it's a bit safer for the coins value.

Stop gambling with new coins, new tokens in bull market.

[geegaw]

if you are getting loss again and again. you should try to follow an expert in trading. when you follow that expert you will get a lot of knowledge. means I am saying first try to get knowledge after getting the knowledge you can invest

The problem is that he is probably listening more to the beast within himself, most of the characteristics of people who lose in trading are selfish and only listen to their hearts, an expert is only an inspired creator and cannot regulate his psyche, instead of pushing him where he has no interest and desire, he should be more conscious of controlling the beast inside. Not recognizing and mastering the beast in the depths of instinct, continued can increase its aggression and make defeat worse

[Taskford]

I suppose you should take this into consideration, or else you'll just keep burning your account. Not to say that this is the holy grail, but it is preferable to have a visual representation of what to do and what not to do before and after executing your trade.

The key takeaway here is that, assuming you've done your homework (thoroughly studying T.A), you should consider journalizing and reviewing the results regardless of whether the trade was successfully executed or not.


Source: https://www.gatex.io/wp-content/uploads/2019/10/MindMap2-scaled.png

[tvplus006]

I don't understand why you use new coins for trading? IMO when you buy a new coins, you're expecting pump x10 and above due to hype or you could staking to earn more coins without trading. It's useless if your trading is successful, but your coins value dropped hard.

My suggestion stop trading with new coins, better to choose more known altcoins, at least it's a bit safer for the coins value.

The main reason for buying new coins is that they bring a large profit, which amounts to hundreds, and sometimes thousands of percent. But beginners do not understand the fact that where there is a big profit, there is always a big risk of losing their money.

[ranaprime]

The current market is starting to get better so there is no way to stop now. It is the right time to stick to the market. The current market decreased a lot now so if you want to get good returns start analyzing now and invest as much as possible. But keep in mind that it is a volatile market can be happen anything at any time.

[Oshosondy]

Do you use stoploss when you are trading?

Stop lose can be a very good tool to stop losing further in trading but also can be the other way at times when the market has been closed with the trader losing but the market getting back to the opposite direction that will later favor the position of the trader, but because the stop lose has made the trade to close, just the losses for stop lose is the result instead of the correction that might lead to gain. It is not good to use stop lose until it is necessary depending on what is analysed. There are many times I gained all because I did not use stop lose, leave the trade open and later go opposite and favor my direction which resulted to gain for me.

[lixer]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Never repeat your mistake. For a change, you should try to plan up for long term investments rather than keep trying crypto trading. Investments in cryptocurrencies must the another strategy in crypto trading but the time frame is the only difference.

I am very much sure you could recover all your losses incurred in crypto trading by investing into bitcoin for years. Instead of arranging capital for your crypto trading this time you should go for arranging funds for investments with the plans of minimum holding for next 10 years so that you could recover all your losses. If you plan investments for 10 years then you could get up to 100x returns.

[stomachgrowls]

I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.

Depends on you because if you do see that you do still have funds to to move forward then its up to your choice whether you do go ahead or would take a break but it isnt bad to stop momentarily

because stressing yourself too much will definitely make things even more worst as you cant really make out some realizations towards your trading mistakes.
Stopping wont be a solution and also if your heart does tell you to go back then go ahead but be sure that you wont really be making haste on making
decisions.

Realize on where did you go wrong and this would be a continuous process or learning.