Stop or continue trading

[el kaka22]

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.

I agree with this statement, when Thomas Edison failed, he didn't said he failed, he famously said "I didn't fail, I found 10 thousand different ways that does not work", and that's a great approach. If you keep trading and lose money forever then there is something wrong with how you are trading, not in the trading itself but yourself.

You should be losing money time to time, even the greatest traders end up losing money, but you should also be learning why you lost money in that situation and that should help you figure out what you should not do.

Even the greatest investors sometimes invest into shitty stuff and lose money, that's fine and you should be okay with it. The reality is that we will end up losing money no matter how great we are, but the more we lose, the lesser we should be starting to lose. If you trade with 10k and lose 4k and earn only 2k back, in over years that 10k trading should be 2k loss and 4k earn to make you into a profitable trader.

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[Pamadar]

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.

With the fluctuating market, it's true that there's time you will lose your position using a stop-loss tools.

Though everything around is a self-explanatory decision making, it's mostly based on traders and investors
own experienced they are following when doing the business.

On this topic, better to stop if you are not doing any better, if you keep losing your money and there's no improvement
with your skills and knowledge, maybe the venue is not for you.

[nurilham]

Failures that have occurred can be lessons for the future and have you learned from previous mistakes? if so, then you just have to upgrade new skills and strategies so that you can be better in the future in trading. Trading is not just selling or buying coins but we must be able to analyze the market and which coins are good for trading. many people fail in trading because they do not understand and make wrong decisions, for example in buying or choosing coins. so it all depends on each individual in doing so. good knowledge and experience are needed to be able to trade well.

[Oceat]

Really good spirit, even though you have lost twice but that doesn't stop you to keep going. I suggest you try analyzing what errors you think you did before. Maybe the two defeats were caused by the same thing. So you can learn from the mistakes you have made. Before you start trading again, it looks like you need to understand the mistakes from the previous time.

I don't think it's just twice since OP just mentioned that recently been active at spot trading but decided to just stop because he's not doing any better. Well, OP should fix the problem first and that is how did he lose recently that's why it's losing its spirit to trade again. If he has that will to trade again then he really loves to trade although there's just a hindering part that causes him to feel anxious about it and decided to stop.

For OP, you should fix the problem first on where did you lose and what did you do during that time on why did you lose. The problem should be easy to fix if you could identify them.

[TelolettOm]

There are also some questions to asnwer your questions:
1. Are you really ready if you lose more in trading later?
2. Are the capitals from free money or urgued money?
3. Have you taken the lessons from previous trading loss?
4. Wahy did you lose all your capital in trading? Using future trading? Panic sell?
If yes, it is better for you to stopp for a moment and learn all things that make you lose in trading. And don't use Future trading at first because of its high risks.

[dunfida]

There are also some questions to asnwer your questions:
1. Are you really ready if you lose more in trading later?
2. Are the capitals from free money or urgued money?
3. Have you taken the lessons from previous trading loss?
4. Wahy did you lose all your capital in trading? Using future trading? Panic sell?
If yes, it is better for you to stopp for a moment and learn all things that make you lose in trading. And don't use Future trading at first because of its high risks.

1. If yes then you are prepared if no then completely stop.
2. Free money is extra and urged money would be on your life savings or loans and with common sense then you do know on which one is worth.
3. If yes then proceed if not then try to realize things first.
4. Each losses would leave out self realizations which is a must.

[cryptoaddictchie]

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.

Dont fomo! That's what happened when someone clearly not doing some due diligence or have enough understanding of trading. Losing is normal, but you should at least equipped yourself with such basic stuff on trading. It's not easy as others making it sound like printing a lot of money. Trading is 80% to 90% losing than winning. But you beat those odds once you grasp the proper setup.

[lienfaye]

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.

Did you learn something from your past failed experiences? Because if not then its likely that you're going to have the same result. We know experience is the best teacher and we should learn something from it to improve our skills as a trader so we can succeed this time.

Anyway it depends on you, no one stop you to trade again but it would be better for you to look for what seems wrong with your strategy on why you're losing your capital.

[RILWAN]

You have to learn some lessons from your mistakes anytime something like this happens, trading is not an easy thing to do and losses most happen from time to time so you have to learn and move but don't give up.

[Oshosondy]

With the fluctuating market, it's true that there's time you will lose your position using a stop-loss tools.

Yes, it has happened to me several times before. When I see the advantage of stop loss is when I want to leave a trade overnight, but I do not do that unlike before or when I am losing and predict the market will be reversed, I will not close the trade but just set stop loss at that time. I only used 1x now for trading and also doing spot trading, I only see stop loss also more useful for high leverage trading like 5x and up, but high leverage trading is not even advisable at all.

Though everything around is a self-explanatory decision making, it's mostly based on traders and investors
own experienced they are following when doing the business.

Yes for traders but investors do not need to use stop loss.

[Kasabus]

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.

Did you learn something from your past failed experiences? Because if not then its likely that you're going to have the same result. We know experience is the best teacher and we should learn something from it to improve our skills as a trader so we can succeed this time.

Anyway it depends on you, no one stop you to trade again but it would be better for you to look for what seems wrong with your strategy on why you're losing your capital.

If you want to trade again, make sure you have learned from your past mistakes so you will not be repeating the same mistakes again. And trade with more patience and focus so you will never miss good opportunities to trade.

However, do not expect that losses will not happen again, its always inevitable and you can only control or minimize from losing if you can manage the risk in trading and be able to control your emotions as it won't be helpful in winning a trade.

[judaspriest]

You have to learn some lessons from your mistakes anytime something like this happens, trading is not an easy thing to do and losses most happen from time to time so you have to learn and move but don't give up.

What everyone should realize about trading is that it is not something easy and we can't just trade once to get the results or profits we want,
it takes a process to get it so keep trying and when it fails take it as a lesson so that in the future you don't repeat the same thing

[gabbie2010]

If you are losing trades again & again you must learn first that why am I getting loss. You should change your strategy. Try to invest in good projects which will never be zero. If you are just a FOMO trader doesn't take risks again.

Thanks for this perfect advice similar to my current decision, I will need to build my trading capacity to meet the reality of the day because in trading one need to develop several skills and strategy that work. I was trading on a coin that recently get dumped by the team that was why I lost almost everything.

Probably you traded with some shit coins whose Price Action defies technical and fundamental analysis, as you rightly said, there are several pump and dump coins in the market, it quite unfortunate, you should have tried the top 10 cryptos on coinmarketcap with higher volume and market Cap, if you plan to go back to trading, try the most reliable pairs like BTCUSDT, ETHUSDT etc and ensure your trading strategy is working while trading with a lower risk until you get it right. I had a similar experience but I always have the opportunity to bounce back because I was trading with reliable USDT pairs.

[teosanru]

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.

That's really sad to be very honest, even sadder thing is that despite facing such huge losses you are still hopeful to join back the trading arena, this means trading for you hasn't been about making money, it's been more about just staying in the market and making trades because you have actually got addicted to this market. You should absolutely abstain from trading in the future, at least for a few years if you want to be even a little financial stable otherwise you are just playing with your hard-earned money, you should understand that some people are not made for trading and you are one of those few people. 

[michellee]

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.

Taking a break will be necessary, no matter what your result is. If you already lost from the last trade, maybe it is time to break and leave the market for a while or learn more about the analysis so when you come back to the market, you get something that can help you make a profit. I think the mistake is that you trade on some new coins that will be difficult to analyze and expect more with the coins. But unfortunately, not many new coins can give you big expectations and give you a chance to make a profit.

If you have already taken a break right now, that is good. But if it's not, you need to take a break and enjoy your time. Maybe coming back after the new year will be good.

[arbifahrozy]

Trading is not so bad if we know main thing about trading and try to take all enteries in parts and also in dip it's sure market movement not good this year but we can get a profit in short term

[VanityWallets2015]

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.

You are right. OP could take all the time that he needs to think, contemplate and set what will be his next goals and plans. OP could even rest for some time but no quitting. Giving up is never the answer if one has encountered unfortunate experiences, because success cannot be achieved without continuing and moving forward.

[panukurap]

Incredible enthusiasm, after two failures you still don't give up trying to try again. My advice is that you analyze what mistakes you made so that you experience losses. It could be that the 2 losses that you experienced fell in the same hole. Therefore, you have to look for these mistakes so they don't happen again.I hope your third attempt will get a fantastic goal to pay for all the losses you have experienced.

[lenovop-70]

If you want to return to trading, it could be your passion, but if you decide to return, of course you need to be more careful so your lost of money does not go to waste.
Trading is like what you see, sometimes we gain and lose, but in this case, you certainly make a fatal mistake so all your capital runs out.
My advice, stick to strict money management, also manage your emotions and don not rush to entry and out, that's all, hope you are lucky.

[sarmrakib]

Trading is not an easy to earn .We all know it is so risky if you don't have the proper knowledge behind it you will loose everything for sure .You have mentioned that you have lost enough fund i am really confused that you may not have the proper trading knowledge .You are so risky point as well cause you have lost enough and have take a break after that you want to come again with huge fund .You can really loose this as well .So that i think you need to study on different strategy ,it will be good if you can make it yourself after that you have to come with small fund and when you got your experience high, you may come with huge fund .Don't follow other signal you may loose your fund as well .So don't do hurry on everything become patient to get your profit and don't become panicked to sell your asset .Think before again to put huge amount of capital on investment .