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Author Topic: Stop Trading  (Read 999 times)
RioBlemz (OP)
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September 27, 2023, 12:39:39 PM
 #1



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
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September 27, 2023, 01:02:41 PM
 #2


2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

When the market is moving sideways its a great time for accumulation. But if you are looking for short term profits then you can use grid trading bot to take advantage of market sideways move and set the bot between its support and resistance levels.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

It is not easy to control your emotions when you are watching your trade go down. Our emotions tell us to add more funds and lower the average. Sometimes this works if you can hold on for the long term. It's better to use a stop-loss.



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September 27, 2023, 01:08:57 PM
 #3

Everything you mentioned is related to trading psychology or psychological factors, the impact of which can be reduced by using trading bots and a short- and medium-term strategy that saves you from emotional problems or market fluctuations, but in all cases, stay away from trading when there is financial pressure, as you must trade with the money that you You do not need it. If you need money, trading comes second, because most of the time the decisions you make when your financial situation is bad are stupid and hasty decisions.

You need to change your topic title.

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September 27, 2023, 01:20:15 PM
 #4

We're not forced to trade and whoever trades is doing it based on his own intellect. No one will stop you from trading and it doesn't matter to other people whether you're winning your trades or you're losing money because it's not our money in the first place. But the good side of this is you're learning more about the approach in the market. Trading isn't a game where you just bet your money and you're okay losing it. Most traders are serious folks that are targeting to grow their money but before that, there's a need to experience losing because you are not yet knowledgeable about it. And when you've learned from the losing experience, you'll have the understanding that it's not really at all. With that, you're going to have the thought whether to pursue it or stop it and just choose the easier part which is holding.

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September 27, 2023, 01:41:46 PM
 #5

All of those things seem to be a reason why we should think that Trading is not for everyone nor we are forced to do that knowing the situation that we make it hard. Giving is not just an option but certainly a decision to make if we know ourselves that we are struggling hard to analyze and understand the market.

We never think that we are too unlucky because we have not become pro-traders, maybe there is a place for us at least we try and find out that this is not really for us.

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September 27, 2023, 02:37:35 PM
 #6

Blaming continued losses on market conditions, emotional state, etc. is one way of looking at it, another way is to realize that your trading skills need a lot more work specially if you think you are losing because "market is consolidating".

Of course there are times when the market is not as predictable as you want it to be, but a skilled trader has enough experience to know how to make some profit from any market conditions. For example they can make profit even when the shitcoins are dumping.
Not to mention that we are talking about the cryptocurrency market, that includes altcoins which means there is always some shitcoins that are being pumped and the profit is there, waiting to be grabbed. But not for those who buy and bag hold, hoping for a long term rise.

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September 27, 2023, 02:44:12 PM
 #7

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

I do agree on most of your point except this one. Success is the ultimate goal of every trader that’s why we are trading so if you are stopping just because you have multiple successful trading is kinda stopping your momentum. Consistency means you are using the right strategy which you should capitalize once still working.

Stop when you are experiencing loss and not multiple success. I believe the one you are trying to express here is to stop aiming for more profit by adding more risk to your current successful trading. Because there’s a lot of trader that loss everything despite they have consistent profit just because they are greedy to enter more risky trade just earn higher profit.

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September 27, 2023, 05:42:08 PM
 #8

1) Series of Losing Trade
 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.
We can also say never marry with a coin, but marriage with a coin is longer, while a series of trades is not longer. We should definitely take some break time from trading, not only when we are making losses but also when we are making profits too. Because in a series of losing trades, we can build up the emotions of taking risks, but if in a series of profits, we can build up the emotions of greed and also lose money in that too.

Therefore, never get into emotions, whether they are of revenge, greed, love, etc.
2) Market is Consolidating
Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
We can definitely not make huge profits in consolidation, but we can make some decent, small, and consistent profit, which is far better than taking huge risks. Unfortunately, after consolidation, sometimes the market took unexpected turns that not even big analysts had predicted.

I have seen many big players making good profits even in consolidation states, just like in the recent consolidation state, in which many made huge amounts by timing the market. Which is not an easy task.

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September 27, 2023, 05:50:44 PM
 #9

I agree with some of your points but I think every point you make is psychologically related.  Before trading you must have enough knowledge about it.  Although trading depends on the market, I think a skilled trader can anticipate the market.  And if someone is unskilled in it, his chances of loss are very high. If one sees losing his money then it is a bit difficult to control the emotions.  You are right that if someone is mentally disturbed, he should not come to trading, but in my opinion, if you are mentally disturbed, neither trading nor any work is good.  And if someone is financially weak, then he should think about it.


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September 27, 2023, 06:20:51 PM
 #10

I would say this does work for some people like me. Not everyone has to be a trader and I still trade a small amount just for fun and to learn how to be better and try to learn more about trading even after so many years, but majority of my money is on long term investment and I do not think that I could continue to trade for a profit. It would be a bad idea to do something like that and it should be quite difficult to handle something like that.

I believe that we are going to end up with a result that should be something that would be a lot more risky if we are not careful and that is why we are going to end up with a good result if we are careful and should be something that would make a lot more profit if we go long term.

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September 27, 2023, 06:44:17 PM
 #11

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.


This is the best time that you should consider on stopping trading. Why? When emotion is really that at great kind of effect then it would be better to ease it up before you would be proceeding on doing trading
because you would really be finding up yourself to be that very impulsive on that time and we know that once emotions do kicks in then it would really be that so hard to make such control and it would really be
much better that you should be finding up some activity or things for you to divert out that anger or emotion so that you could really be going back to trade with having that clear mind.
On the time that you are really under the influence of such condition then you are really putting yourself on great danger on making up some impulsive trades.
You would really be that becoming desperate and the worst you would really be taking up that impulsive approach towards trading which might end up on on doing gambling type of trades.

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September 27, 2023, 07:09:53 PM
 #12

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
You have pointed out some good factors that we all should keep in mind before making trades, but I don't know why you chose the title "Stop Trading" when you can write a better one. I hope you won't mind my words, but I wanted to add it to your account that an eye-catching and valuable title is better.

Besides that, you have shed good light on the above factors.

You should add another factor, which is never marrying with one coin. A few days ago, I read a topic in which the OP tried to emphasize that we should not stick to only one coin for trading but instead, we should diversify our investments. And a series of successes is not that important to stop the trading, instead, we should be a little more careful with our discipline and never spread more legs.

Like I did when I made $9 in one day and still took another trade without any analysis and ended up cleaning up my whole future account.

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September 27, 2023, 07:19:13 PM
 #13

I would say this does work for some people like me. Not everyone has to be a trader and I still trade a small amount just for fun and to learn how to be better and try to learn more about trading even after so many years, but majority of my money is on long term investment and I do not think that I could continue to trade for a profit. It would be a bad idea to do something like that and it should be quite difficult to handle something like that.

I believe that we are going to end up with a result that should be something that would be a lot more risky if we are not careful and that is why we are going to end up with a good result if we are careful and should be something that would make a lot more profit if we go long term.
And that is something many traders do not see, they only think about the profits they can get and think long term holders are just wasting their time by holding their coins for so long, however the majority of the traders lose all their money and only a small minority make any profits, while long term holders which can keep their coins for a few years not only make more money on average than all of those traders put together, but they do so with way less effort and with better odds of this happening.

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September 27, 2023, 07:33:40 PM
 #14

In addition to the series of successes, I would also add a series of money losses. This is sometimes even harder to accept than earning money. When there is some desire to recoup and return the money, which often ends in even greater defeat.
Also, you should not trade if you have had a hard day and you are simply tired and your thought process is slow and your body needs rest.
You need to know yourself, in addition to your strengths, know your weaknesses and protect them as much as possible so as not to lose money where this can be avoided

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September 27, 2023, 08:37:41 PM
 #15


1) Series of Losing Trade

2) Market is Consolidating

3) When Emotionally Unstable

4) Market Conditions are not Favourable

5) When your set-up is not established

6) Financial Pressure

7) Series of Successes
All of the reasons you listed depend on having a solid background and foundation in trading bitcoin and other cryptocurrencies. Learning before you start trading is crucial because it will help you manage your money and teach you how to make the proper choices that will lead to profits.


Quote
NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
They are in fact sound recommendations that are crucial for traders, particularly those who are new to trading cryptocurrencies or bitcoins, in order to reduce risk and prevent them from losing money on deals that weren't profitable.

R


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September 27, 2023, 10:36:36 PM
 #16

If one sees losing his money then it is a bit difficult to control the emotions.  You are right that if someone is mentally disturbed, he should not come to trading, but in my opinion, if you are mentally disturbed, neither trading nor any work is good.  And if someone is financially weak, then he should think about it.
The reality in trading is that when you trade there is actually emotion involved either you're winning or losing. The difficult thing is that when we are just a beginner in trading we don't have an edge yet.

So if you're going to trade, you have to make sure that your trading plan is enough to be profitable. You can confirmed it by backtesting your strategy. Since backtesting trades has no emotion, live trading has. So we have to make sure that no matter what happens to our trade we have to accept no matter the outcome, don't afraid of losing trades. The most important is, you stick in your plan and journal your trades.

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September 28, 2023, 03:37:42 AM
 #17

Good advise OP, there are many traders in the community have been experiencing losses in their investment and they don't want to take a break and go into personal research to know how to recover from their failure in crypto trading. Once you take a break to study the market price very well, and see when potential traders use to buy coins and hold for the right time to come before they can trade to make a good profits from the market, I think it will really help new traders to improve in profit making. Don't invest what you can't afford to lose in crypto trading, because some traders has invested all they have in crypto investment hoping that the amount of money you invest will determine your profits when you trade in the market.

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September 28, 2023, 07:13:00 AM
 #18

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

I do agree on most of your point except this one. Success is the ultimate goal of every trader that’s why we are trading so if you are stopping just because you have multiple successful trading is kinda stopping your momentum. Consistency means you are using the right strategy which you should capitalize once still working.

Stop when you are experiencing loss and not multiple success. I believe the one you are trying to express here is to stop aiming for more profit by adding more risk to your current successful trading. Because there’s a lot of trader that loss everything despite they have consistent profit just because they are greedy to enter more risky trade just earn higher profit.

I find out that Hedge Funds managers gives there staff that are profitable holidays. I was thinking it was just for fun or for them to enjoy themselves but I was wrong all the way. It was one of the Hedge fund managers that exposes the truth that with a lot of successes comes other factors. He said the break they give is for the staff to ease off and regain their mental wellness. He said that if successes is not manage it will eventually lead to failure.
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September 28, 2023, 10:54:59 AM
 #19

Next time you want a suitable subject for your thread, look for something that blend with the content and not something like this, stop trading is a very misleading topic and when they find out you are looking for a click bait, the attention you might be looking for will bot come. So take that corrections, now let's look at some of your key points you discussed.



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.


This is the best thing to do when losses turn to normal thing, but will an expert who understands trading very well have losses concurrently, I don't think so, that's why it's better to always use have at least two open trade instead of one, it help you manage risk when things goes south.

Quote
2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

4) Market Conditions are not Favourable ]
Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.


Market consolidation is always choppy is better to avoid trades in this time or open a long trade and buy at that point but only if you are anticipating for upside direction, consolidation doesn't mean it will go up, fundamental news can screw it up and break the support to start another trend. The same goes for unstable market conditions

If you are emotionally affected, there is no point in even looking at the trades you will only blow up your account.

Quote
5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.

All your points are correct but I think they are just primary mistakes in trading, a good trader that is a serious type should know this before even going technical aspects of trading, if you failed to master all this mistakes, technical aspects of trading will not end well.

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September 28, 2023, 01:01:10 PM
 #20

When the market does not favor what you want to happen in trading based on your analysis, it indicates you do not have to force yourself to trade that day. You may be dealing with the risk and volatility of the coin or bitcoin you are trading.

It is also required since, as an independent trader in the crypto world, you must be responsive to market action. That's accurate, there will be periods when we will make money and times when we will not be able to make as much.


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September 28, 2023, 01:07:06 PM
 #21

In what way do you commit to trading? actually you can analyze first what are the ideal trading in your part because like other newbies mistake they always keep committing a trade even not suitable on them find your own way to trade, like the time frame which you will prefer and ideal, next is coin you are comfortable, what kind of strategy you will lose, how much and limit of the margin you will set. If you find first what are the techniques that can make you profit on your self, not as always the strategy of other people will the same as yours.
Are you going for a long term or short term, currently for the market price sideways its hard to make a trade for a long term all you can do is to hold, for the short term just making a short profit with the swings.

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September 28, 2023, 01:23:49 PM
 #22

I think last points is most important for stopping trading when have been in Series of Successes position, don't be greedy for all in from profitable earn from trading to start investing again and need spent or withdrawing more than 50% of assets to Bank account, invest on another real business or hold it in the bank when position have been success in trading. Don't push to earn much profit after in success position because get chance next time for losing fund.
I have bad experience when having much profitable in trading of cryptocurrency don't stop awhile for withdrawing fund to bank or invest in property but keep reinvesting until facing with crashing of market and several my coins investment price drop drastically. Have to be experience, never greedy in cryptocurrency trading and put your profitable in holding fund by saving in the bank or make it as property investment.

R


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September 28, 2023, 01:44:26 PM
 #23

-snip-

Do well to write what your intake is on the subject of discussed.
These are all steps that need to be avoided in trading, especially regarding unstable emotions. When traders experience overwhelming emotional situations, all negative impacts will follow in a series of trading activities.
Trading activities require high levels of expertise so it is not easy to make losses the main reason traders have to stop trading activities. It is difficult to predict which way the market will move. When traders feel confident that the market has moved in a certain direction, the movement unexpectedly changes.

It is not without reason that people reverse direction into investing. In this type of activity, they look relaxed because they only hope for profits or returns when the price reaches its peak. They just need consistency in buying according to financial capabilities every week and month.

R


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September 28, 2023, 01:44:33 PM
 #24

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.
That's irrelevant, technical analysis is an effort to predict the direction of price movements, not determine whether market conditions are favorable or not.
There are many choices of coins that actually have different volatilities which create opposing market conditions, you have to take this deeper fundamentally and intrinsic value of a coin.

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September 28, 2023, 02:02:31 PM
 #25





4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.


I felt this one. I do trade crypto, and this situation got me losses. I was sure about my mapping and techniques such as indicators and, of course, technical analysis, but it didn't come out well. As I review what happened, it is not entirely my fault but the market itself because sometimes market conditions can be opposite of what you expect. The saddest part is that I learned it in a hard way, by my mistake. So that's when "unstable emotion" comes in. You should always be prepared, not every day, but for every trade you will make. That's how trading works.

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September 28, 2023, 02:26:23 PM
 #26



3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.


I think these two points are very important and many traders ignore. I observe a lot of members of the trading group that I follow and sometimes I also ignore these 2 points. When we involve emotions, all we will get is loss. We cannot think clearly and see the market from another perspective when analyzing, this makes the analysis messy and tends to go in one direction only, even though the market can be in the opposite direction to what we are analyzing.

Bullish and bearish can change quickly with other factors. If we prioritize emotions then carry out analysis and believe that it is bearish but there is good news emerging, the release of economic data supports BTC's rise, this is a sudden fundamental impulse that can bring BTC to turn bullish quickly without us realizing it. The importance of emotional management and the most important thing is money management too.



6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.


Use absolutely free money. you are not dependent on money if a loss occurs, you are able to bear the loss. Set a long-term strategy and be disciplined.

If the money we use really doesn't give us a burden when anything bad happens then trading will run smoothly.

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September 28, 2023, 03:10:41 PM
 #27

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

I have faced this many times and this is so annoying. I have lost a lot on this. There is no correct direction that you can predict in which the market might move. Doing anything during this period of time is like gambling. The sideways market is the time when we should stop and just observe until the market makes its moves. It doesn't take anything to do nothing. When there's no need to make a decision, don't make any decision.

Making any decision in this market condition when it's moving sideways will lead to bad situations. Any action taken in this time which results are negative will lead to more bad decisions in the future. It plays with our minds. So just let the market do what it is doing. When there's a more accurate indication of the market movements, only then we should make our moves. Because after sideways, it's either a huge pump or a huge dump.
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September 28, 2023, 03:19:02 PM
 #28



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.


To keep everything short, only trade when you are ready, and that trading is a choice. Learning how to trade cannot be learned overnight, because it takes a lot of time or even a lifetime. So, if you are still unsure and doubtful, then it's a good choice to not enter the trading world. Remember that in trading you lose or generate a great amount of money and there is nothing in between them. Because people nowadays, especially those who have just begun trading, have this belief that trading is a money-granting factory and all they can do is to receive an abundance of money without knowing the drawbacks and the possible risk that comes with it. 

Again, if you think that you are unprepared financially, mentally, and emotionally, then it is better not to enter the trading world yet. This is not to discourage everyone, but this more of an advice. Take your time first to acquire knowledge and skills to prepare yourself, because trading will not disappear but your money does.



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September 28, 2023, 03:22:11 PM
 #29

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
The decision is entirely up to each of us and when deciding whether to trade or not it should be based on the understanding that has been studied properly. Many people actually push things beyond their capabilities and end up facing losses every time they engage in trading. Everyone has experienced difficulties in the financial markets or in trading, but this is an important lesson so that we can get out of previous problems.

It is not easy to control your emotions especially when trading, if you have previously experienced profits and when the market moves in the red, then perhaps panic will bring us to the stage where it is difficult to control our emotions. It is better to consider what we do in accordance with responsibility and if we think trading can be carried out then do it correctly and appropriately.

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September 28, 2023, 03:53:54 PM
Last edit: September 28, 2023, 04:21:32 PM by Franctoshi
 #30

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavorable. The skill of spotting unfavorably conditions in the market is obtained by practice and study. If you are a technical analyst and you don't know please try and develop yourself.
Yes, there are some times that the market will be this unfavorable to whatever trading decision that you make that day, you will be hit at a lose if you are a scalper or day trader, and the best thing you can do yourself is close that system and wait for another day.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc? At that point don't engage the market.
Your state of emotion can cause you to make a bad trading decision that could cause you to incur unnecessary losses, Avoiding trade when your emotion is not in a stable condition will always be the right decision-making for you.

R


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September 28, 2023, 04:48:30 PM
 #31

Yes, you need to stop trading at certain point, when the loss is more than the profit, you need to take a break and analyse the market. The points mentioned in the OP are good, but as a practical trader, this never applied on ourselves. One thing that stopped us from trading is the stop loss. If we set a limit and if our balance drops below that, then we should stop and revisit the coin and graphs. This factor plays the important role in a trader’s mindset.

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September 28, 2023, 05:30:26 PM
 #32

It would have been required that someone learn crypto trading if it had been the only activity available in the crypto space, but since it is not, it is not required, and one shouldn't engage in it when they are unfamiliar with it.

As the saying goes, do what you find perfection in. Don't trade because Mr. A, B, and C are trading and making money, as this could lead you to lose a lot of money by jumping into trading without analyzing and understanding how it is done.

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September 28, 2023, 05:48:29 PM
 #33


2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

When the market is moving sideways its a great time for accumulation. But if you are looking for short term profits then you can use grid trading bot to take advantage of market sideways move and set the bot between its support and resistance levels.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

It is not easy to control your emotions when you are watching your trade go down. Our emotions tell us to add more funds and lower the average. Sometimes this works if you can hold on for the long term. It's better to use a stop-loss.




I like this. Hitting the nail on the head. For me, When the market acts funny, I don't usually go in to trade. I rather use Dual Investment. That's been my best strategy for a while now

I believe in Crypto| BTC Analyst| Trader in good Cex (Bitget and Binance)
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September 28, 2023, 05:58:46 PM
 #34



1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

Take a break from trading is necessary as if you are trading more and more to get back your money then its your mistake. Continuously trade without correcting your faults is a big fault which cannot give you outclass upshot.

If you don't understand the scientific thinking to overcome losses then it is necessary to cease trading for some months. Your time will not be misdirected because these months will be for learning only therefore don't waste money with the utilization of wrong concept.

People often stop trading when they gain maximum amount of cash because they don't want to use that sum again as crypto gain is not definite so ceasing of trading in these two situations are good choice use by successful traders.









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September 28, 2023, 06:34:41 PM
 #35

This is why I avoid everything and just hodl my Bitcoins and rarely selected Altcoins. None of them going on an exchanger anytime soon. I am more or less happy to see them grow just like that over the period of time. I only use them to buy services or product but make sure that they are worth it and are payable with bitcoin. This mostly include purchase balances on advertising sites or coupon cards tradable in bitcoin. Except this I would never dare to send my bitcoin on an exchanger and start trading with it. That’s just waste of time for me and volatility is something that makes it even more dangerous asset for us. I am hoping anyone trading should consider all the facts mentioned in op but more than that should be more keen on holding bitcoin for the good future.
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September 28, 2023, 07:18:46 PM
 #36

Your points are very well valid OP. The issue from my point of view, is that most traders don't even follow up on updates before and after trading and if done, they simply just close the trading app and hope to get notified if anything happens or if significantly, there's a change in the market trend.
The best bet is to HODL BTC until one knows they have the time, or would have the time to pay proper attention to market news and notifications. This is what would lead to the instinctual build up of confidence in the trading platform and for any trade in the future.

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September 29, 2023, 12:16:12 AM
 #37

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
(....)
In short, not all of the time is good to trade. It doesn't mean that you close your long position, yo can already open a short position, but that is not how trading works.
For me, there are lot of trade opportunities coming always, so waiting for perfect moment or almost perfect is always better because  your funds is protected, capital preservation.

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September 29, 2023, 04:47:52 AM
 #38


2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.


There are times that we can't know that the market is consolidating when we lose trade because we thought that it would break the small support or resistance on it mostly when it is just starting to consolidate. It is better to see the bigger picture jump to a higher timeframe and see what the cycle of the market is. I mostly noticed this when after the uptrend or downtrend cycle that lasts for a couple of days or weeks when the market consolidates.

It is better to triple check the market cycle before hitting a trade or if we do have signs that the market will transition to consolidate then that is the time to walk away and not just think of it that is the time to relax.
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September 29, 2023, 06:37:33 AM
 #39

it doesn't matter if it stops. But did you know that crypto trading or other risky trading has high fluctuating prices so it can be used to make profits quickly. This is the advantage, I think there is no need to think about the risks, how can we really know before trying it, right?

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September 29, 2023, 01:38:55 PM
 #40

We must always keep in mind that trading is not for everyone, those who are under financial stress will never trade. Moreover, when a person has no money and has a small amount of money, it would certainly be foolish to trade it and increase it. Because at that time, if the person trading money increases, he can lose his money, and that trader can lose his money and become emotional. Trading is very difficult for those who have small amount of money and it can be better if they have an alternative plan, besides trading must involve risk. If a person wants to make a profit by trading, he must have extra money beyond what he needs but he can trade so that he is destitute if he loses money. Basically a trader can make profit when he is well informed and he is not short of money, that's why a new trader should take the advice of a pro trader, but can make profit in the future.

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September 29, 2023, 06:39:52 PM
 #41

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.

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September 29, 2023, 07:24:55 PM
 #42

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.
This is what should really be on your priority on which you should really be needing to focus on having in greens or profits despite of those losses on which you could really see that you arent wasting up your time on the thing that you are dealing with specially on trading. You should set goals and targets and this is where risk management would really differ because not all would really be that confident on what they are doing and this what make them hesitate on taking up decisions which neither they could really be putting up themselves on possible earning or gain but of course risks is there on losing too.So it would really be neither be that a loss or gain and this is something that would really be varying.

The importance here is that you should really be that wary in regarding your actions.If you do see that you are already experiencing that consecutive lossing trades then always trying out to reassess
whether you are already that negative or still positive. It all matters about risks tolerance and if you do find yourself that you could still go on then go ahead but if you do see that you would
be needing to have some pause and go back to the drawing board then you must do it. It would really be just depending on how you do deal with it.

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September 29, 2023, 09:50:58 PM
 #43


It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
And if we feel it and admit it in conditions like that, then it is indeed wiser to stop trading. In this case, you can stop trading for a certain period of time. Each person may have a different strategy. However, forcing you to continue trading while the conditions are very difficult and you keep losing is something that is too much pressure on yourself. Therefore, I quite agree with the OP's explanation above. that there is no harm in trading tips if it can make things much better. We can think more clearly to organize and manage our trading and emotional strategies.

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September 30, 2023, 11:59:42 PM
 #44


It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
And if we feel it and admit it in conditions like that, then it is indeed wiser to stop trading. In this case, you can stop trading for a certain period of time. Each person may have a different strategy. However, forcing you to continue trading while the conditions are very difficult and you keep losing is something that is too much pressure on yourself. Therefore, I quite agree with the OP's explanation above. that there is no harm in trading tips if it can make things much better. We can think more clearly to organize and manage our trading and emotional strategies.

trading is not for all crypto users. it depends on how well you have the grasp of doing this tedious activity. i say tedious because it is no easy task to dedicate yourself in this activity.
it would take years and years to learn those strategies and tricks to do well in trading. yes, there are known TAs, however, when it comes to actual trading, what you need is the information about the particular coin you are trading with.

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October 01, 2023, 02:23:01 PM
 #45

When you enter trading here in crypto, you must really have knowledge; it is not possible to know only a little if you want to earn well in the crypto business. Because adequate knowledge will dictate to us whether we should stop or continue trading.

Not every time we will base it on what others say about it; of course, we must also have our own understanding of it so that we can also correctly analyze the activities we are doing here.

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October 01, 2023, 02:36:22 PM
 #46

When the market does not favor what you want to happen in trading based on your analysis, it indicates you do not have to force yourself to trade that day. You may be dealing with the risk and volatility of the coin or bitcoin you are trading.

It is also required since, as an independent trader in the crypto world, you must be responsive to market action. That's accurate, there will be periods when we will make money and times when we will not be able to make as much.


This is exactly what smart trading is. Because day trading is not everyday trading. As a discretionary trader, all of your analysis would be based upon your own opinion and understanding of the market. You come up with your own idea of how to trade an instrument or any coin. And with those trade ideas, you are also setting probabilities and expectations for the days that will come.

When your initial idea for a specific day is unlikely to pan out, then there's no point waiting for an entry, is it? So instead you put yourself in an spectator monde, not risk any real money, or just investigate and forward test your strategy. Because not losing any money is preserving your capital and that is a W.

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October 01, 2023, 04:50:17 PM
 #47


3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market. 

If you are emotional then don't participate in trading because that time you are unable to use strategies and to make profitable commitment. Trading is fraught with danger and if you make commitment emotionally then it become waste of your time and money.

If you think that market is not good then forget your losses for some time because this habit of forgetting will be a cause of avoidance from future full of regression. It is not necessary that if you are trading then you cannot leave it but its up to you that when you think that is is profitable for you then continue it and if you find it good to get benefit then leave it for sometimes.

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October 01, 2023, 09:55:21 PM
 #48

Trading needs a long preparation not only when it comes to your funds but a big part of you should also be committed enough to take its risk and handle it with caution. Otherwise, if you trade for short term goal, you will never be satisfied completely but if you have set long term goals for trading, initial losses should not bother you because in the end, you will gain satisfying profits that only long term trading is able to give you.

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October 02, 2023, 06:34:35 PM
 #49

I agree with some of your points but I think every point you make is psychologically related.  Before trading you must have enough knowledge about it.  Although trading depends on the market, I think a skilled trader can anticipate the market.  And if someone is unskilled in it, his chances of loss are very high. If one sees losing his money then it is a bit difficult to control the emotions.  You are right that if someone is mentally disturbed, he should not come to trading, but in my opinion, if you are mentally disturbed, neither trading nor any work is good.  And if someone is financially weak, then he should think about it.

In Trading,  controlling emotion is quite important,  unless someone is not going to control his emotions,  he will be in stress which is not good for his health,  and I can say a good health comes first,  after than one can earn money. And also,  trading strategies should be helpful in all aspects for an individual. Sometimes when someone make a small trade and he got some profit. I think it will overcome his stress if he had losses some money before. So it should be also a good thing. In both ways,  I can say trading works,  sometimes in bad ways or sometimes in helping situation. One should be ready in both situations,  then only he will go ahead.

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October 02, 2023, 07:10:52 PM
 #50

Trading needs a long preparation not only when it comes to your funds but a big part of you should also be committed enough to take its risk and handle it with caution. Otherwise, if you trade for short term goal, you will never be satisfied completely but if you have set long term goals for trading, initial losses should not bother you because in the end, you will gain satisfying profits that only long term trading is able to give you.

Initial losses some time contribute to failure in trading if it is beyond expectations. As a beginner, even if you have long time goals and you experience series of initial losses, you might feel discouraged in the whole process and system. It's normal to experience losses in the process even as an expert but when it becomes too much, it bothers traders and affect them psychologically. Trade require lots of patient and commitment after you have already acquired the skills to achieve the desire goals be it short term or long term goals. It's not longer news that trading is highly risk and those who can not tolerate the risk should stay off to avoid emotional damage and lose of funds.

R


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October 02, 2023, 07:14:20 PM
 #51


1) Series of Losing Trade
3) When Emotionally Unstable

If you are  really that experiencing this shit, then better stop and having a pause on what you are doing. Trying out to reassess the situation specially of that consecutive losses on which we know that
it is really that something that should be cut and then thinking on where you do go wrong and this is something that a must thing to be done. Next, would really be that emotionally unstable which
on the time that you are on this situation or condition then its better to stop completely and make yourself having some pause or break on what you are doing. Unstable emotion could
cause bad decisions on which it is something that must avoided.

Clear up with those boggling things deep inside you because if you do trade on such condition then you would be basically be that putting yourself on danger because
you cant really be able to assess the market condition carefully or on the right way specially if you are really under the influence of emotional unstability.

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October 02, 2023, 08:18:52 PM
 #52

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.

I agree that not all traders win 100%, but using trading bots will only make you master nothing. Remember in trading, mastering basic skills is something that is highly recommended, then analytical and technical skills. There are many trading strategies that can be used but not all of them will work well for you, if you lose then that is still normal but if your loss is bigger than your win then you have to introspect yourself, of course there is something wrong with the strategy you are using and also the accuracy of your decision making.



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October 02, 2023, 09:12:19 PM
 #53

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes.
For sure, losing in trading is just something that is natural, whether a trader likes it or not. They must record it unless they don’t trade again. However, as a trader, you need to be observing how your strategy is favourable to you. If it’s not helping you as it’s supposed to, or maybe the strategy you used loses more than you win, then you definitely need to switch because it is not funny to lose all the time when you are running a business like this.

Quote
if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.
Using a bot will not help. I will prefer this investment. You mention that if trading doesn’t work for you and you have the wish to switch to investment, then fine, you can do so, but using Bot because you always record losses in trading is not advisable in my opinion because when someone is recording losses, that definitely means such trade still lacks some knowledge about trading, and someone who lacks knowledge of trading will still continue to lose even with the bot, because even the bot cannot be operated and work normally without the knowledge.

R


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October 02, 2023, 09:35:24 PM
 #54

1) Series of Losing Trade
If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.
Indeed. If we experienced more losses than earning profits, it means our strategy isn't effective or isn't suitable. We must take a break first while considering a new strategy to apply. We need to take a breath first, don't force to keep trading because we need a new motivation. Get a series of losses must drop our motivation very much.

3) When Emotionally Unstable
Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.
Trading with unstable emotional will lead to instant losses. It is because we may easily do panic selling or panic buying. When we buy/sell in hurry, it is a big chance to lead to severe losses.

6) Financial Pressure
Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.
Agree. We don't force ourselves to trade if we have a difficult situation with our financial. It is better to prioritize the main necessities first, trading isn't a part of main necessities. Just consider to trade when there is a safe money for trading. We must know that there is no guarantee for profits in trading. We will get a worse situation in our financial if we force to trade and experience losses.


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October 03, 2023, 04:18:33 AM
 #55

it doesn't matter if it stops. But did you know that crypto trading or other risky trading has high fluctuating prices so it can be used to make profits quickly. This is the advantage, I think there is no need to think about the risks, how can we really know before trying it, right?
There is obviously a need to think about the risks involved with trading, otherwise, how would someone act wisely if they feel that there are no risks at all in trading? When a trader understands that if they don't understand everything well before making a trade they might lose money, they will probably focus more on learning than being in a hurry to get some profits which is mostly the case with new traders as they have a misconception that it's easy to earn money through trading.

That's why, one needs to understand the risks and then act accordingly so that they don't lose money and so that they can play it safe where they can instead of getting greedy and looking for higher profits while becoming more vulnerable to losses which can make them disappointed for sure.

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October 04, 2023, 05:21:30 AM
 #56

When the market does not favor what you want to happen in trading based on your analysis, it indicates you do not have to force yourself to trade that day. You may be dealing with the risk and volatility of the coin or bitcoin you are trading.

It is also required since, as an independent trader in the crypto world, you must be responsive to market action. That's accurate, there will be periods when we will make money and times when we will not be able to make as much.

I know alot of times have literally forced myself into the market, those are nightmares I wouldn’t even want to remember lol. Good gracious I learnt alot from those experiences. While most times I have a problem balancing my portfolio, but it’s all good just trying out a “smart portfolio” tech I just found
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October 04, 2023, 10:35:03 AM
 #57



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
Trading is the best way to make money so why do you stop trading? You said that you picked a loss, In trading if you didn't pick a loss then you cannot say that I am a trader. I know that some financial problems are held but in every field, you have financial problems.

Trading is the best. I learned many things from trading. Smiley





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October 04, 2023, 02:12:56 PM
 #58

I will never rush to trade again. A few days ago I got very tired of being so rushed and excited. I thought bitcoin would pump much higher. But that's not the case anymore, bitcoin was just slowly going down. I was a short trader then. I was sitting because of some profit.But due to the rise of bitcoin, I suffered a lot of losses. And in the excitement of fulfilling that, I waited for a few more days and at the last moment I lost everything and returned home. So I think when the market conditions are bad, short traders like me should walk away and stop the trade.

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October 04, 2023, 03:04:47 PM
 #59

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being.
Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.

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October 04, 2023, 05:35:54 PM
 #60

this is not as easy as saying. it's good to provide a solution for that. Technological progress cannot be stopped, even saying this is wrong. unless it can be completely destroyed without any remains. I understand that many people spend their assets here. but many people are also helped by trading. so it's still a balance, everything seems to have its pros and cons.
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October 04, 2023, 06:01:19 PM
 #61

No trader wins all the time but your wins have to be more than your loses. anyone who has established him/herself in trading will know what to do when loses comes. if it appears like you are gambling you can put somethings into checks,  however you wont totally stop because of losses because you will lose whether you like it or not. for someone that is testing out a strategy or a newbie trader you will have to experience some loses on the way to perfect your strategy. after trying all things and  if it seems like its not working for you then you try other things maybe like using a bot or just investment.
The most important thing we need to nite us that trading does not worth it if we don't have the skill or if we don't have the patience to learn how to trade. There are some traders that will keep losing in the market because they are not ready to learn trading like they ought to buy quickly enter the Trading sphere to make money.

There is no way earn from the market without having trading skills which will enable us to make money from the market. There are some certain persons who will never bother to improve there skill just because they are still making money from the market. We need to build ourselves for us to make more money from the market or else we are going to end up with nothing.









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October 04, 2023, 07:44:29 PM
 #62

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.

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October 05, 2023, 03:23:33 AM
 #63

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.
to refrain from trading under certain conditions is not as easy as we say, sometimes we know that it is not appropriate to make a transaction, but our hands and fingers cannot be prevented from clicking the transaction button, this can be overcome by preparing the trading account we use to let go of our greed, so that the main account will remain in accordance with the portfolio that we have planned

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October 05, 2023, 03:50:21 AM
 #64

Quote from: RioBlemz
4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

Knowing when to buy crypto in the market, and when to sell to make huge amount of profits is very important to crypto traders, which new traders have to acquire the knowledge to enable them to achieve what will make them happy in the crypto industry. It will be very difficult for you to earn well from your crypto trading when the price is low in the crypto market, because potential crypto traders don't use to trade their coins when the bearish season is on ground than to wait for bullish season to come before they can trade. I don't think, is good for traders to trade their coins in this bearish market because the price is not stable yet but it will going to be stable soon for long term traders and short term traders to smile again.

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October 05, 2023, 05:54:33 AM
 #65

Quote from: RioBlemz
4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

Knowing when to buy crypto in the market, and when to sell to make huge amount of profits is very important to crypto traders, which new traders have to acquire the knowledge to enable them to achieve what will make them happy in the crypto industry. It will be very difficult for you to earn well from your crypto trading when the price is low in the crypto market, because potential crypto traders don't use to trade their coins when the bearish season is on ground than to wait for bullish season to come before they can trade. I don't think, is good for traders to trade their coins in this bearish market because the price is not stable yet but it will going to be stable soon for long term traders and short term traders to smile again.
The movement of the crypto market is fast enough that it is possible for many things to happen, and for new traders it will certainly be very difficult to deal with this, which is why before trading you need a lot of knowledge.
However, whether the market is bearish or not, we as traders can still take advantage of this moment to take advantage in the future, this is all about the trading knowledge we have and this is what will influence the profit or loss in the trades we make.
And we need to do a lot of analysis, not just focus on technical analysis.

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October 05, 2023, 11:14:41 AM
 #66

Trading needs a long preparation not only when it comes to your funds but a big part of you should also be committed enough to take its risk and handle it with caution. Otherwise, if you trade for short term goal, you will never be satisfied completely but if you have set long term goals for trading, initial losses should not bother you because in the end, you will gain satisfying profits that only long term trading is able to give you.
Commitment is needed for sure, but it's not really just about whether you have a short-term goal or a long-term goal with your crypto trading activities, as long as you are dedicated to learning and understanding everything, you can even get fruitful results for your short-term trades since you will be doing everything with care and you will have enough understanding of the market to act according to the market sentiments and how the situations are unfolding over time.

Whether your goal is long-term or short-term, you will always need to show the same level of dedication and commitment, and your focus should be on your goal and not on shiny things here and there which will become the biggest distraction for you and you will lose focus and sight of your destination.
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October 06, 2023, 06:11:10 AM
 #67

Trading needs a long preparation not only when it comes to your funds but a big part of you should also be committed enough to take its risk and handle it with caution. Otherwise, if you trade for short term goal, you will never be satisfied completely but if you have set long term goals for trading, initial losses should not bother you because in the end, you will gain satisfying profits that only long term trading is able to give you.
Commitment is needed for sure, but it's not really just about whether you have a short-term goal or a long-term goal with your crypto trading activities, as long as you are dedicated to learning and understanding everything, you can even get fruitful results for your short-term trades since you will be doing everything with care and you will have enough understanding of the market to act according to the market sentiments and how the situations are unfolding over time.

Whether your goal is long-term or short-term, you will always need to show the same level of dedication and commitment, and your focus should be on your goal and not on shiny things here and there which will become the biggest distraction for you and you will lose focus and sight of your destination.
That requires a long term approach for sure. If you want to dedicate to yourself to having some sort of improvement that could reach to a point where you are going to end up studying for months, which is not a short term goal. I have always said it, even though it has happened to a few people during the bull runs we had, usually crypto is not a place to just get in and make a profit quickly, that's not how it works.

We need to make sure that we get in for the long term and do better. This doesn't mean a long term investment where you hold for too long, you could trade daily but do it for the long term, so trading daily everyday for a year for example. That would still be a good thing and could give you a better return.

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October 10, 2023, 02:45:41 AM
 #68

this is not as easy as saying. it's good to provide a solution for that. Technological progress cannot be stopped, even saying this is wrong. unless it can be completely destroyed without any remains. I understand that many people spend their assets here. but many people are also helped by trading. so it's still a balance, everything seems to have its pros and cons.
Even when everything is good-bad, no one really wants his bad. Everyone wants him to be good and even if he is bad, he should be limited to few. But some stupid people do not want to understand their own good. They get greedy when they come to crypto currency and keep trading untimely without realizing it.As a result of which he is completely damaged. This is due to greed or haste while trading. But I think it's better not to trade all the time. Trading requires a lot of patience and time. So if the market is bad then sometimes it is better to stop trading (even if there is a little loss).

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October 10, 2023, 10:56:50 AM
 #69

There is no way earn from the market without having trading skills which will enable us to make money from the market. There are some certain persons who will never bother to improve there skill just because they are still making money from the market. We need to build ourselves for us to make more money from the market or else we are going to end up with nothing.

This set of individuals need to stop trading, if you haven't learnt how to trade but still making profits, you have to stop trading and learn very well because you might be having beginner luck all those times and if you don't stop and start losing, it can lead you to go broke. Of you trade without knowing how to, you can get some trade through gambling bitbwhenw you begin to trade more and try need strategy you'll lose because you don't have the experience or know how to analyze the market.

When you learnt how to trade, you'll know when the market condition isn't good for trading but a newbie without any experience will think you can trade anytime and make profits. Newbies also will be trading with emotions which will make them to make wrong choices and lose money. Trading shouldn't be with emotions but interpretation of the charts.

R


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October 10, 2023, 05:40:24 PM
 #70

That requires a long term approach for sure. If you want to dedicate to yourself to having some sort of improvement that could reach to a point where you are going to end up studying for months, which is not a short term goal. I have always said it, even though it has happened to a few people during the bull runs we had, usually crypto is not a place to just get in and make a profit quickly, that's not how it works.

We need to make sure that we get in for the long term and do better. This doesn't mean a long term investment where you hold for too long, you could trade daily but do it for the long term, so trading daily everyday for a year for example. That would still be a good thing and could give you a better return.
Day trading is the most difficult type of trading, which is tiring and it seems to me that it is impossible to do it constantly without a break without losses, because you begin to get tired and in this case mistakes will be inevitable. You need to maintain a balance in this matter so that it does not cause you emotional overstrain. Losing trades can also negatively affect us, this also needs to be taken into account and breaks on such days in order to recover properly.

I think that every trader should learn to listen to himself and see when he can trade and when it is better to stop and rest. I determined for myself a long time ago that medium-term trading is best for me, it doesn’t tire me and gives me more free time.

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October 10, 2023, 07:38:37 PM
 #71

That requires a long term approach for sure. If you want to dedicate to yourself to having some sort of improvement that could reach to a point where you are going to end up studying for months, which is not a short term goal. I have always said it, even though it has happened to a few people during the bull runs we had, usually crypto is not a place to just get in and make a profit quickly, that's not how it works.

We need to make sure that we get in for the long term and do better. This doesn't mean a long term investment where you hold for too long, you could trade daily but do it for the long term, so trading daily everyday for a year for example. That would still be a good thing and could give you a better return.
Day trading is the most difficult type of trading, which is tiring and it seems to me that it is impossible to do it constantly without a break without losses, because you begin to get tired and in this case mistakes will be inevitable. You need to maintain a balance in this matter so that it does not cause you emotional overstrain. Losing trades can also negatively affect us, this also needs to be taken into account and breaks on such days in order to recover properly.

I think that every trader should learn to listen to himself and see when he can trade and when it is better to stop and rest. I determined for myself a long time ago that medium-term trading is best for me, it doesn’t tire me and gives me more free time.
On the time that you do tend to switch up with daytrading and the hardest for me would really be scalping which it is really just that some sort of similar on where you would really be needing that full time thing in speaking about time and effort since you are dealing with each every tick with those candles and its true that it isnt something that could really be done by some newbie traders out there or to those who had just started up. This is why it would really vary on someones skills and knowledge towards trading in the first place.You cant really just dive in without having that proper preparations towards trading.

Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market. Also, there are situations
on which the price do move out significantly without having those solid reasons on which you could really look upon. This is why it would really be that important that you do really make yourself
that do easily adapt on whatever market conditions that you would really be able to face on. This is one of the must quality of a trader on which trying to be versatile and having that good adaptability
on whatever things that he do encounter in his front.

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October 10, 2023, 07:46:58 PM
 #72

There is no way earn from the market without having trading skills which will enable us to make money from the market. There are some certain persons who will never bother to improve there skill just because they are still making money from the market. We need to build ourselves for us to make more money from the market or else we are going to end up with nothing.

This set of individuals need to stop trading, if you haven't learnt how to trade but still making profits, you have to stop trading and learn very well because you might be having beginner luck all those times and if you don't stop and start losing, it can lead you to go broke. Of you trade without knowing how to, you can get some trade through gambling bitbwhenw you begin to trade more and try need strategy you'll lose because you don't have the experience or know how to analyze the market.

When you learnt how to trade, you'll know when the market condition isn't good for trading but a newbie without any experience will think you can trade anytime and make profits. Newbies also will be trading with emotions which will make them to make wrong choices and lose money. Trading shouldn't be with emotions but interpretation of the charts.

We need to be able to understand trading for us to make profits from the market. The mistake any newbies will keep making is trying to learn as fast as possible becau6there major motives I'm the market is to earn profits for themselves without having the patience to learn what trading is truly is and how to go about it to be a better trader. We should be always working on becoming a better trader rather than rushing things too fast because we want to be making huge profits from the market like the pro traders who had been in the market for so many years learning and debugging at the same time to be a better trader.









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October 10, 2023, 09:20:40 PM
 #73

Losses are indeed essential in trading. Without losses, you will never aim to improve your trades that makes you a successful trader. However, as trading market is most unpredictable, then we can’t totally say to win our trades all the time as even professional traders still lose at some point. But they never make it as an excuse to stop trading but these losses even mold them to be the best traders in the future. But always know that trading is not also for everyone. When you see trading is giving you financial pressures and is making you stressful all the time, then it’s better to just focus on investing as it can also be profitable just like trading.

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October 10, 2023, 09:53:47 PM
 #74

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
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October 11, 2023, 12:37:57 AM
 #75

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.

That certainly covers a lot of ground in terms of trading. It does not imply that only one study has been done on it. Studying something you wish to know before is different. You'll put everything you've learned into practice. In other words, you haven't put what you've learned into practice.

What's more beneficial? Even though they have not yet studied what you have studied, others are already using what you have learned to their advantage. Because of this, folks who have studied or are studying trading are frequently the ones who eventually despise or give up. because they did not anticipate that trading would be difficult to comprehend and put into practice. No such passion exists.

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October 11, 2023, 03:52:01 AM
 #76


6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

This is absolutely true. When you are at the peak of your emotions caused by the unnecessary stress you put into your trading because you need to make money, that will lead you to make impulsive decisions rather than wise and intuitive. Instead of following your plan and accepting the fact that you either win or lose, you don't expect losses and revenge trade when you do.

Just take in mind that the market doesn't owe you anything. It just knows your orders and your stop loss. It doesn't care about your story or history. So don't let your life stress have a negative role in your trading.

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October 11, 2023, 04:30:45 AM
 #77

Quote from: RioBlemz
4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

Knowing when to buy crypto in the market, and when to sell to make huge amount of profits is very important to crypto traders, which new traders have to acquire the knowledge to enable them to achieve what will make them happy in the crypto industry. It will be very difficult for you to earn well from your crypto trading when the price is low in the crypto market, because potential crypto traders don't use to trade their coins when the bearish season is on ground than to wait for bullish season to come before they can trade. I don't think, is good for traders to trade their coins in this bearish market because the price is not stable yet but it will going to be stable soon for long term traders and short term traders to smile again.


It is not important to always look for favorable conditions in the market. The market always gives us the opportunity to trade, you just need to build up your own strategy to do so. There is no limitation to making perfect strategies and if your money management skills are the best then no matter how badly the market reacts you won't take significant loss. I know people who made decent profits even in bear markets.

However it is not important to chase the market and always trade even if it is not suitable for you. My point is that every market situation is tradeable you just need to find the right way to do that.

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October 11, 2023, 05:42:04 AM
 #78



✂️✂️

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

When we start trading we don't have much knowledge and know-how, but gradually we gain experience as we work. A businessman does not become successful easily, but many failures are hidden behind his success. We know that every job takes a lot of effort and time to complete. Similarly, in trading, success comes too late, after enough time and hard work, success is possible after losing money. When you get good education about trading right then if you start trading it tries to give good profit. But when you have a good understanding of the market, you can trade confidently and profit during that season. When you can trade profitably then you will focus on trading, and if you don't gain experience then you will never focus on trading.

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October 11, 2023, 08:01:29 AM
 #79



7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
Contrarily stoping to trade because you are experiencing a series of success is not Ideal slow down and master your emotions. If you stop when you are on a series of success you definitely still have your mind on the market and when you return the fear of loosing out makes you risk even more because you would many to make up for the times you were not in the market there exposing you portfolio to more risk.

Mastering your emotions will go a long way help maintain your profitablity in the market such that when you are in a series of success you know how to manage your mind not to trick you into thinking you have masters the act so we'll enough to neglect your strategy. But I do advice whenever you are in a series of success make the best out of it, this way you will be able to keep a sound mind when in your loosing days. Don't try to be too careful by jumping out because you are in a series of success and do not feel like a lord either for there is no holy grill in the market. Maximize your wins and Master your Emotions.

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October 11, 2023, 10:01:41 AM
 #80

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
Losing 7 out of 10 trades, was an indication already that trading seems to be not our destiny and it makes no sense to continue trading if we only just lose. We may see some people are successful in trading and hope we can be like them as well but sometimes, things we hoped can't happen as well and this is because not all of us are capable enough to trade. In fact, a lot of people got into this trading but only a few went successfully, and this tells us that trading is not for everyone. We can of course assess the output of our trades and we are the ones to decide whether to pursue our trading plan or quit.

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October 11, 2023, 10:13:41 AM
 #81

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
Losing 7 out of 10 trades, was an indication already that trading seems to be not our destiny and it makes no sense to continue trading if we only just lose. We may see some people are successful in trading and hope we can be like them as well but sometimes, things we hoped can't happen as well and this is because not all of us are capable enough to trade. In fact, a lot of people got into this trading but only a few went successfully, and this tells us that trading is not for everyone. We can of course assess the output of our trades and we are the ones to decide whether to pursue our trading plan or quit.

Numbers state the outcome. If that is continually happening, it's best to re-assess your capability.
There's something wrong or just like you describe it, maybe trading is not for you.

You need to find ways to improve or if it's much better to quit and look for other ways to earn money, either investment in other venue or invest
with knowledge by enrolling yourself to a training center that will give you more idea and information about the business that you are trying to
make a success.
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October 11, 2023, 11:21:34 AM
 #82



✂️✂️

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

When we start trading we don't have much knowledge and know-how, but gradually we gain experience as we work. A businessman does not become successful easily, but many failures are hidden behind his success. We know that every job takes a lot of effort and time to complete. Similarly, in trading, success comes too late, after enough time and hard work, success is possible after losing money. When you get good education about trading right then if you start trading it tries to give good profit. But when you have a good understanding of the market, you can trade confidently and profit during that season. When you can trade profitably then you will focus on trading, and if you don't gain experience then you will never focus on trading.
Experience in trading is very important to be used as a lesson, before starting trading, no one is an expert only with the theory he has without any direct trading that he does and as time goes by, many things will change about us, both regarding planning and also goals. in trading and everything comes back to each individual in responding to it.
Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.
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October 11, 2023, 11:28:55 AM
 #83

Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

High spikes volatility will be very noticeable for scalpers, but it may have little effect on medium- and long-term traders as they accumulate positions and simply wait for their targets. However, this also depends on the strategy, a situation is possible when strong fluctuations can knock down a stop loss trade if a trader uses this tool, sometimes this is bad if it happens with a loss, sometimes not if the trade is in profit and the stop loss was raised to this zone.

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October 11, 2023, 12:42:06 PM
 #84

Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.

The possibility of a greedy trader's behavior is that they lose more because they push their ambitions, then come out with a loss. or experiencing loss and persevering to correct the mistake.
Those who leave will have no hope in the future. but those who have the will to determine better trades, I believe there is great potential to develop into a professional trader.

haven't we all been very greedy in our trading? I think all traders experience several phases in their trading journey. Maybe the situation will be different for each trader. that's because the attitudes and actions of each trader are also different.


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October 11, 2023, 06:22:19 PM
 #85

Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

Some individual can't trade with the high volatility of the market and that's why they're losing, they think the market was somehow stable like other market. Some individual thought the cryptocurency market was like the forex market that they're trading but the cryptocurency market is different and it becomes difficult for them to make profits. This set of individual need to stop trading and learn how to trade the cryptocurrency market because not everyone can understand the market.

Traders that are greedy will lose to the market because when they're in profit but they don't sell and waiting for more profit, the market can switch from been bullish to bearish and all the profits they were making will be lost and then they'll be losing. Greediness is one of the reasons why many individual lose when they try trading.

R


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October 11, 2023, 06:50:00 PM
 #86

Indeed, there are some people who become greedy from a series of profits that they get, which makes them go down the wrong path, but that is not a reason to stop trading because this is not something everyone understands.

The possibility of a greedy trader's behavior is that they lose more because they push their ambitions, then come out with a loss. or experiencing loss and persevering to correct the mistake.
Those who leave will have no hope in the future. but those who have the will to determine better trades, I believe there is great potential to develop into a professional trader.

haven't we all been very greedy in our trading? I think all traders experience several phases in their trading journey. Maybe the situation will be different for each trader. that's because the attitudes and actions of each trader are also different.
It is true that those that keep trying are the only ones which have a chance to achieve their goals on this market, however just as there are traders out there that give up, there are also many traders which are forced to give up by the market itself, and in the majority of the cases the greedy traders are the ones that are forced into that situation, and this is because on their desire to obtain profits at all costs they forget to protect their own capital and lose it all during their trading journey.

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October 11, 2023, 07:16:11 PM
 #87

Stop trading if you do see that the market is really that way too moving or volatile due to some reasons but most likely it would really be with those news that do pops out in the market.
Many traders are attracted to the crypto market by its high volatility, this is what makes it possible to make quick profits if the trader was able to correctly determine the market movement.

Some individual can't trade with the high volatility of the market and that's why they're losing, they think the market was somehow stable like other market. Some individual thought the cryptocurency market was like the forex market that they're trading but the cryptocurency market is different and it becomes difficult for them to make profits. This set of individual need to stop trading and learn how to trade the cryptocurrency market because not everyone can understand the market.

Traders that are greedy will lose to the market because when they're in profit but they don't sell and waiting for more profit, the market can switch from been bullish to bearish and all the profits they were making will be lost and then they'll be losing. Greediness is one of the reasons why many individual lose when they try trading.
We know that the market couldnt really just easily get in line with those technical indicators which had been set on which if you do make out some buy position but ending up on pumping or making out some sell position but the price gets down then it would really be giving out that kind of emotion and impression that it is really that too unpredictable and the market doesnt get in line with those indicators or simply with TA analysis on which it is really just that a normal situation which you would really be able to encounter. Its true that there are people who do really love to deal up with volatility but on the time that it is really that moving already on that condition or phase on which it doesnt follow any analysis then it would be ideal that you should take up some break.

No trader would really be that able to handle out volatility on that extreme which no matter how experienced or old you are into this market which it wont really be guaranteeing that you would be able to
succeed or able to survive on the time that you would really be dealing up with this kind of market condition or situation. So it isnt really that bad to let the tides settle down before you would
be doing some trades again.

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October 11, 2023, 08:59:50 PM
 #88

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.
If you develop addiction in trading, then all you want to do is just to trade even when the market is not suitable to trade. Instead of just observing the market or enjoying your other habits, but because of greed you insist to keep on trading and see yourself losing in the end. This is not actually good, but if losing could be the only way to learn your lesson, then probably it will help you instead to realize that trading all the time is not a must. You must know when to trade and when not to, that’s the only way so you can maximize your gains and at some point, lessen your losses as well.
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October 11, 2023, 09:09:04 PM
 #89

Most people stop at a point where they are about to get their best trade. This is like accepting defeat just before reaching the true destination. That's not how it works.
To make money in trading, you need to have strong perseverance and focus and must note down your mistakes before thinking that it's not for you. There are so many websites that allow you to trade in demo, do that and journalise your trades and take notes of what you did wrong when you lost on some trades. Those patterns will help you to understand what you don't need to do to avoid further losses on such trades.
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October 11, 2023, 09:57:03 PM
 #90



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
I've definitely experienced it several times, from the ordinary to the moment that hit me hard and almost made me frustrated. However, it turned out that it was part of the process where I had to decide something for the future. Losing in trading is definitely a risk especially if we are not very good at analysis and treatment when trading. This will be a bigger risk. But on the other hand, it makes for a very rewarding experience. So, with these various bad experiences, deciding to stop trading (trading futures) was something that had quite an impact on me. Maybe it's because I'm not ready for everything. So, the decision to stop was the best decision. Especially when we really understand when to stop, just stop first until we are really ready to trade again.

R


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October 11, 2023, 09:59:25 PM
 #91

It is true that those that keep trying are the only ones which have a chance to achieve their goals on this market, however just as there are traders out there that give up, there are also many traders which are forced to give up by the market itself, and in the majority of the cases the greedy traders are the ones that are forced into that situation, and this is because on their desire to obtain profits at all costs they forget to protect their own capital and lose it all during their trading journey.
Yep. As a trader, we mustn't give up. That's only they way to achieve our goals. Although there must be many challenges, it is the media to learn many things. No doubt we must experience some losses, but we need it to strengthen our trading ability. With the losses, we learn how to trade effectively and avoid the wrong ways. It also improves our mentality, so we won't easily drop our motivation to continue our trading activities.

It is true that greedy becomes a common case in trading. But when we experienced a bad thing because of greedy, we must stop to feel greedy anymore. I've experienced it, I set a too high target for shitcoins. That makes me lose the money in the shitcoins because the price constantly drop very significant after it reaches the peak. At that time, I expect to sell the shitcoins at a higher price. Sadly, the ATH never reaches my target, on the contrary the price continues to fall until now.


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October 11, 2023, 10:19:14 PM
 #92

Op you’re points are all accurate and just like gambling and it’s addiction, a lot of traders don’t really know when to stop especially when the winning and successes keeps coming and at some point, success seems to be a trap which most traders don’t know how to avoid.
Another thing is emotions and doubt, the most you aren’t certain about a particular entry, then it is wise that not to enter a trade because it is a sign of emotions playing with us.

Most people stop at a point where they are about to get their best trade. This is like accepting defeat just before reaching the true destination. That's not how it works.
I’m sorry to say but this mindset isn’t a very nice one because with this mindset, one would never know when to stop because of the hope of hitting a win and this is exactly same fate with a gambler and trading isn’t gambling and we ought to knows when to stop

R


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October 12, 2023, 10:23:42 AM
 #93

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.
If you develop addiction in trading, then all you want to do is just to trade even when the market is not suitable to trade. Instead of just observing the market or enjoying your other habits, but because of greed you insist to keep on trading and see yourself losing in the end. This is not actually good, but if losing could be the only way to learn your lesson, then probably it will help you instead to realize that trading all the time is not a must. You must know when to trade and when not to, that’s the only way so you can maximize your gains and at some point, lessen your losses as well.
Losing, or should I call it failure in trading and in life might be a reason for some people to learn more and be more adequate next time. But this is not always the case in trading as it might ruin some people due to its addiction and they might have the motivation every now and then that it would change and they would be better, but such might never happen.

I was in a similar situation many years ago, and for over 10 years I was just wasting my money. This is because I believe that I always know the mistakes I made that caused the previous losses. I would try to adjust but make a worse mistake the next time, and it went on like that until I discovered that my problem was psychological, and we all know it, psychological problem is not easy to overcome. This is the problem of many traders losing today, only a very few will actually make it while others will continue to lose money.

Should they now quit? The answer solely lies with them.

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lienfaye
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October 13, 2023, 01:13:11 AM
 #94

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being.
It's inevitable to face losses in trading even you're knowledgeable or a skillful trader. Because not all the time, everything you've planned for will going to happen. Thus, it's a must to be prepared in this kind of situation to not be discourage or disappointed that can affect you to just quit.

Well, we're the ones who can tell if it's already time to stop or continue being a trader. If you think it's not healthy anymore mentally (for overthinking) and financially, then don't be hard on yourself. Trading might be profitable but it's not for everyone since not all are able to profit. Therefore, try to improve to minimize the chances of having losses. If it's not working, trading might not suited for you, just like some traders who quit and look for other opportunity.

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October 13, 2023, 05:15:02 AM
 #95

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being.
It's inevitable to face losses in trading even you're knowledgeable or a skillful trader. Because not all the time, everything you've planned for will going to happen. Thus, it's a must to be prepared in this kind of situation to not be discourage or disappointed that can affect you to just quit.

Well, we're the ones who can tell if it's already time to stop or continue being a trader. If you think it's not healthy anymore mentally (for overthinking) and financially, then don't be hard on yourself. Trading might be profitable but it's not for everyone since not all are able to profit. Therefore, try to improve to minimize the chances of having losses. If it's not working, trading might not suited for you, just like some traders who quit and look for other opportunity.
Every person has different ways of dealing with the losses they experience in trading, there are those who will not try again and there are also those who correct mistakes to create future experience and correct their mistakes so that they keep trying again until they feel the profits from trading. Yes, only we ourselves can understand whether we are still able to do it or not. If we are no longer able to do it then we can try other things to generate wealth.

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October 13, 2023, 06:44:50 AM
 #96

A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

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RioBlemz (OP)
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October 13, 2023, 06:52:44 AM
 #97

A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

Well said. Strategy in trading is built with in time and you must have back tested it to be sure of its working ability. The thing is that we are much in a haste that we are not observant of what is going on in the market. Professional traders have learnt with experience not to panic and to stay put with there analysis. Study the instrument, study the coin, study the chart, know the right strategy to adopt.
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October 17, 2023, 07:03:50 PM
 #98

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
In trading, it's important to have different strategies and constantly improve the existing ones that we are using because the market is changing from time to time. Trading is not like gambling where we can experience a fun. There is a thrill but I think trading is like a career which goal is to give us a profit. If it doesn't work this way, we need to quit on it before we lose more money. I only like to look back on what you have said earlier about gambling.

If you see gambling as a way to make a profit, chances are that you will mostly lose huge amounts of money. Gambling is not like that, and it's not built only for us to lose because in exchange of the money that we spend, we get entertainment.

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October 17, 2023, 08:52:00 PM
 #99

Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

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RioBlemz (OP)
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October 18, 2023, 05:12:25 PM
 #100

Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

Trading is risky as you said you can either loose money or make money but not everyone knows the level of risk involve. Some wants to use is a get rich quick scheme because they have seen successful traders only for them to loose more money and be in debt. It takes a lot of courage and discipline to retain your capital and it takes great skill to make profit as you have to make good decision that will keep your trade green.
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October 18, 2023, 05:31:13 PM
 #101

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.
In trading, it's important to have different strategies and constantly improve the existing ones that we are using because the market is changing from time to time. Trading is not like gambling where we can experience a fun. There is a thrill but I think trading is like a career which goal is to give us a profit. If it doesn't work this way, we need to quit on it before we lose more money. I only like to look back on what you have said earlier about gambling.

If you see gambling as a way to make a profit, chances are that you will mostly lose huge amounts of money. Gambling is not like that, and it's not built only for us to lose because in exchange of the money that we spend, we get entertainment.
Would really be a continuous learning on which these mistakes would really be acting like a stepping stone for you to make yourself more that better because it would really be making yourself wary on your next move and since you do already have the idea on what you are doing due to those possible similar experience which you do already have the idea on how to deal from it.
Stopping on trading will really be just that very suggestable on the time that you are having that kind of emotion problems on which you do find out that you cant think up that well anymore
or really that boggled on what you are dealing with on which there are really moments or times that you cant understand a thing.

Just like on gambling on which on the time that you do see that you are experiencing consecutive loss then it would be always ideal that you should really call it a day or simply stopping.
There's no way that it could really be that ending up on a good situation if you do keep pushing on the time that things turns out to be messy on which there are
indeed moments to be like this and needed up to avoid and its not bad to take up some break.

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October 18, 2023, 05:47:06 PM
 #102

Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

Trading is not all about determination only. Its about patience, courage to take risks when opportunities arrive, identify investment potential, admit and learn from mistake etc too. Its a mix of many things and a combination of all this can make you a professional trader. Trading is like a business where you take risks with your investment. Your business needs your dedication and hard work to grow.

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October 18, 2023, 09:27:55 PM
 #103

The only thing that I can say is to Stop Trading if it never works for you. We can't simply assume that if some people become successful in trading, we can also be successful as well because we are not the same - our thinking and decision making is pretty different whether we like it or not. That is why even we use his strategies and ask his advice but when doing it alone, the results are truly different and that is because we differ in making decisions, especially in a crucial time.

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October 18, 2023, 09:36:20 PM
 #104

The only thing that I can say is to Stop Trading if it never works for you.
I agree.
There are aspiring traders that think that it is for them but it's just not. They try hard and despite the losses they get, they're still hanging on and trying their best to stay.
But a time will come that they will realize that trading isn't for everybody. It could be for the other successful folks that they see and trades like a beast but if it's not for them, it's best not to say on it and try something more significant to your hobbies and along with your self interest other than trading.


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October 21, 2023, 12:36:59 PM
 #105

How to never lose trading high stakes:

When balance goes up = I am a genius.
When balance goes down = Market is wrong.
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October 21, 2023, 01:05:37 PM
 #106

I agree to all of what you've said, especially about when the market is not favourable to trade.

Most of newbies force themselves to make a profit even though the market is complicated to analyze, leading to a series of lose trades and emotional damage. That's where everything will become uncontrollable because of too much going on with a trader's mind. This is when trading randomly starts without any technical analysis involve, just a random trade to chase losses that will only lead to more losses and devastating experience because of lack of plan and self-control.
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October 21, 2023, 06:15:29 PM
 #107

You know, there's this saying that goes, "Not trading is also trading." Taking breaks and knowing when to stop is just as important as actively trading. Trading psychology is often overlooked, but it plays a big role in being profitable. The factors you mentioned are all part of the psychological aspect of trading, and it's crucial to avoid trading under those circumstances. A losing streak can really mess with your mindset, so taking a break allows you to analyze your strategy, correct mistakes, and regain confidence in your trades.

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October 21, 2023, 10:57:32 PM
 #108

If I base it on the title made by OP, it's simple: if you can't get profit from trading, it means stop; don't force yourself to trade. Besides that, it's like you don't have common sense and don't notice that your tactics are not effective.

As traders, we must learn something from our actual experience, whether it is good or bad, about what we faced in trading. It's very simple: if we are repeatedly not making money in trading, we should change the tactics we use in our trading activity.



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October 22, 2023, 03:07:59 AM
 #109

-snip-
It's very simple: if we are repeatedly not making money in trading, we should change the tactics we use in our trading activity.
Basic trading knowledge is necessary, sometimes they just want the benefits but are too lazy to learn how trading can work and can provide profits.

Usually, they are influenced by some influencer ads that look easy to trade.
Buying and then getting big profits.
But it's not that easy, it takes analysis and some strategies to be able to get consistent profits.

Indeed, there are some people who do trading to get a decent profit without good trading knowledge.
It's certainly just luck, but luck doesn't keep coming.
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October 22, 2023, 03:28:18 AM
 #110

If I base it on the title made by OP, it's simple: if you can't get profit from trading, it means stop; don't force yourself to trade.

Yeah, well, there are those who are hooked on it just like those who are hooked on gambling. In fact, day trading and gambling have a similarity, with the difference that some day traders make money but in terms of problematic behavior the rush that gives you the next rise or fall of the market is similar to the rush of the next bet.

Short-term trading is not for everyone, you have to have a lot of knowledge and dedication and enough emotional control not to be one of the great majority that lose money.

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October 22, 2023, 07:37:27 AM
 #111

A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

Well said. Strategy in trading is built with in time and you must have back tested it to be sure of its working ability. The thing is that we are much in a haste that we are not observant of what is going on in the market. Professional traders have learnt with experience not to panic and to stay put with there analysis. Study the instrument, study the coin, study the chart, know the right strategy to adopt.
An experienced trader sees trading as difficult as a new trader sees trading as easy and this is the big problem. Trading is never easy, there is a lot to know about trading, a lot to learn, a lot to observe. Those of us who think we will buy coins with dollars and sell them when the price rises a little are wrong. Trading is not so easy. An experienced skilled trader observes the volatility of the market by observing candlesticks and closely observes the market chart, after observing so much a trader decides to trade. Experienced and skilled traders trade with so much thought, they lose very little time by trading, but we who are new traders who do not believe in learning about the market, those traders lose money by trading.

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October 22, 2023, 08:48:22 AM
 #112

The only thing that I can say is to Stop Trading if it never works for you. We can't simply assume that if some people become successful in trading, we can also be successful as well because we are not the same - our thinking and decision making is pretty different whether we like it or not. That is why even we use his strategies and ask his advice but when doing it alone, the results are truly different and that is because we differ in making decisions, especially in a crucial time.
You are right. But they don't want to understand this little thing. Everyone has his own strategy in trading. They first come here after hearing a story of profit in trading from someone, but without understanding anything themselves, they invest to become rich very quickly. Later, when the market goes down, they can no longer be found. Their general knowledge is very low. They don't want to accept that money cannot be earned from any job without hard work. It is very difficult to understand them.

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October 22, 2023, 11:26:09 AM
 #113

You know, there's this saying that goes, "Not trading is also trading." Taking breaks and knowing when to stop is just as important as actively trading. Trading psychology is often overlooked, but it plays a big role in being profitable. The factors you mentioned are all part of the psychological aspect of trading, and it's crucial to avoid trading under those circumstances. A losing streak can really mess with your mindset, so taking a break allows you to analyze your strategy, correct mistakes, and regain confidence in your trades.

Right. The perfect term would be pause from trading tho that is exactly how OP explained. It would he a regret to ultimately stop. By taking a break, we can analyze what went wrong, identify patterns and refine our approach without the pressure of trading again. We have to do something different the next time maybe. When we acknowledge the necessity to pause so we can make rational decisions and avoid common pitfalls, I think traders will have better chances of long-term success.

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October 22, 2023, 11:37:18 AM
 #114

You know, there's this saying that goes, "Not trading is also trading." Taking breaks and knowing when to stop is just as important as actively trading. Trading psychology is often overlooked, but it plays a big role in being profitable. The factors you mentioned are all part of the psychological aspect of trading, and it's crucial to avoid trading under those circumstances. A losing streak can really mess with your mindset, so taking a break allows you to analyze your strategy, correct mistakes, and regain confidence in your trades.

Right. The perfect term would be pause from trading tho that is exactly how OP explained. It would he a regret to ultimately stop. By taking a break, we can analyze what went wrong, identify patterns and refine our approach without the pressure of trading again. We have to do something different the next time maybe. When we acknowledge the necessity to pause so we can make rational decisions and avoid common pitfalls, I think traders will have better chances of long-term success.
I don't think it was regretting but it was regrettable if we pursued trading which only losses are what we get.
We know how to stop our journey. Maybe we could start again but in the meantime, while are correcting our mistakes and making some improvements, we'd rather take a break for a while. In fact, I did this before just to picture out where I did wrong and what is the best I should have done. That is how important to recall our past trader in order to see the error that can be corrected so it won't happen again or to avoid big losses.



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October 22, 2023, 12:04:28 PM
 #115

You know, there's this saying that goes, "Not trading is also trading." Taking breaks and knowing when to stop is just as important as actively trading. Trading psychology is often overlooked, but it plays a big role in being profitable. The factors you mentioned are all part of the psychological aspect of trading, and it's crucial to avoid trading under those circumstances. A losing streak can really mess with your mindset, so taking a break allows you to analyze your strategy, correct mistakes, and regain confidence in your trades.

Right. The perfect term would be pause from trading tho that is exactly how OP explained. It would he a regret to ultimately stop. By taking a break, we can analyze what went wrong, identify patterns and refine our approach without the pressure of trading again. We have to do something different the next time maybe. When we acknowledge the necessity to pause so we can make rational decisions and avoid common pitfalls, I think traders will have better chances of long-term success.
I don't think it was regretting but it was regrettable if we pursued trading which only losses are what we get.
We know how to stop our journey. Maybe we could start again but in the meantime, while are correcting our mistakes and making some improvements, we'd rather take a break for a while. In fact, I did this before just to picture out where I did wrong and what is the best I should have done. That is how important to recall our past trader in order to see the error that can be corrected so it won't happen again or to avoid big losses.
We should really be that wary that losing is really that indeed inevitable on which having that kind of acceptance which it wont really be making you that impulsive or making yourself that desperate on the time that you do able to encounter it. This is why it would really be that wise that you should really know on when to stop or having a break rather than on forcing yourself on correcting things or trying to chase up those losses and trying to breakeven because on the time that you would really be doing such thing where desperation and emotions been mixed up. Then this is where mistakes do really result or making things or situations come more worst.
There are really indeed times which you would really be needing to stop and calling at a day.

Just like on what majority of people been telling and saying on here that there's no such thing as perfect trader on which you do have that 100% winning trade. All of us are speculators on here
on which it would really be normal that there would be trades which are losing and which are profitable it do really varies on how we do handle out ourselves in regarding into our trading career.
We cant really be perfect but doesnt mean that we would really be able to make ourselves wont really be making those common approach and analysis towards market.
It is time consuming and needs effort but we dont have no choice if we do really like to sustain out.

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October 22, 2023, 01:44:25 PM
 #116

Just like on what majority of people been telling and saying on here that there's no such thing as perfect trader on which you do have that 100% winning trade. All of us are speculators on here
every trader should have thought about and realized all that. we can analyze but the results are not necessarily 100% correct. we can only minimize the risks we might accept and increase the chances of winning.
we have to know when we exit and when we continue trading. More traders who are too ambitious to chase their losses are those who may be used to gambling and consider trading to be part of gambling.

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October 22, 2023, 02:04:41 PM
 #117

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

As the more person trade, the more they learns whether they lose they also learn, and whether he wins he also get some knowledge. As learning in trading is very important, one can learn something from his experience. Learning before trading requires a lot of time we can get some positive trade and a little bit of profit.

A person who is going to lose again and again must have a problem at some point for example the next time he should change his trading strategy and after that the next time he should change his trade. This is what means if a person wants that he will be successful every time and he will make profit in every trade then I think it is bad thinking of a person and it will not give him anything unless a burden on his mind. It would be better to always look for a better option instead of thinking about the past.

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October 22, 2023, 03:59:24 PM
 #118

Just like on what majority of people been telling and saying on here that there's no such thing as perfect trader on which you do have that 100% winning trade. All of us are speculators on here
every trader should have thought about and realized all that. we can analyze but the results are not necessarily 100% correct. we can only minimize the risks we might accept and increase the chances of winning.
we have to know when we exit and when we continue trading. More traders who are too ambitious to chase their losses are those who may be used to gambling and consider trading to be part of gambling.
So it is important here to pay attention to what the op said and make it one of the warnings for us not to go beyond the limit and instead make us lose more and more as a result of teaching endless losses.
No trader can have a 100% profitable trading history in every trade he makes, it is impossible, even if a trading legend can experience fatal mistakes in the trades they make and make him lose at that particular time.

Yes the analysis we make is only intended to increase the possibility and reduce the risk of loss, basically also the analysis we make is not necessarily correct but we follow the tools that can allow greater opportunities on market movements.

To complement what you said, we need to have time management so that we know when to enter and exit, also we must have SL / TP limits for the trades we make so that the risk on the trade we can minimize, and yes do not chase defeat nor feel satisfied when getting profit, it is a gambler's mentality and it is dangerous.

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October 22, 2023, 08:52:18 PM
 #119

The only thing that I can say is to Stop Trading if it never works for you. We can't simply assume that if some people become successful in trading, we can also be successful as well because we are not the same - our thinking and decision making is pretty different whether we like it or not. That is why even we use his strategies and ask his advice but when doing it alone, the results are truly different and that is because we differ in making decisions, especially in a crucial time.
Trading is risky and not for everyone. What works for Mr A might not work for Mr B, why? Because they're both different species who have the same goal but different trading strategies and critical thinking towards the market. There are always backup alternatives in cases were the primary plans failed, no time to start wondering and laying blames other than just sticking and exploring another plan ASAP. As for me, I'm in the space to accumulate the little earnings till I grow up to high standards of aiming at hugh earnings which will take me to balance levels in the trading space.

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October 22, 2023, 11:14:28 PM
 #120

Absolutely, every factor mentioned in the topic is actually important factors about when to stop away from trading. It is very important for mental health to take a break from trading for a while especially in case of consecutive gains, losses or financial difficulties. Additionally, although cryptocurrency markets are open for weekend it is very important not to trade in such situations depending on market conditions either when market conditions are bad or because the transaction volume is low on the weekend. However, when we examine all these factors, it is always necessary to remember that the most important factor among them is;



3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.


It is actually quite difficult to control one's emotions while trading because while the psychology of gain triggers the person to trade more and ambitiously, the psychology of loss causes more transactions to be made in order to compensate for the losses and the amount of loss to increase due to more mistakes is happening. For this reason, although it is a difficult thing, it is very important for a person to learn to control their own emotions especially when trading.
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November 11, 2023, 12:44:13 PM
 #121



6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.


I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.

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November 11, 2023, 02:05:32 PM
 #122

I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
I don't think like that. Those who are financially stressed will be distracted from planning investments. it won't go well.
Those who plan investments are of course those who have financial strength. so if the investment does not go according to plan it will not affect the finances.
Investing is not gambling. In fact, I have seen incidents like this happen to many frustrated gamblers who want to double their money instantly.

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November 13, 2023, 05:02:13 PM
 #123


1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

Honestly the emotion after a series of losing streaks prompt a trade to continue trading so as to recover those losses unfortunately most of those trades entry is not according to the trading strategy most of the time I do trade blindly unfortunately or consequently resulted to more losses understandable now that the best thing or remedy is to take a break.



2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
Truly trading in a ranging market is very frustrating except if the trader is a scalper, unfortunately one has to be an experience trader to become a scalper, ranging market is nightmare for swing traders, the best bet is to continue to observe the market till a fundamental news is released which would definitely move the market.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

This is a very bad idea ie trading when angry it would lead to losing streak if care is not taken, in case of such a scenario the trader should never trade until the anger subsided.


5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.
I adopted two model of step up which I only implement if the price of the traded pair form that patterns or model once the setup is confirmed I place a trade with Stop loss and take profit target.

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November 13, 2023, 05:44:00 PM
 #124

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

Mostly people when they start their trading they love to earn and we also know in this World everyone wants to win, no one is here in this world to say that he don't wants success. But the thing is financial pressure in the trading, as according to my research mostly people take loan from their relatives and they some other people and they start trading with the the same loan. Which may be give them a little earning at the start even some people also got loss at start.

But when they got loss from that money, then they get stressed and in this case they left their trading and a burden on their shoulders make them too anxiety which create difficulties for them. So, my opinion is not to trade ever with the loan or nor to trade with other's money. Till a person has its own money then he can start even trading with it and get the benefits.

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November 13, 2023, 05:45:45 PM
 #125



It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.
This is very clear, here are some things that make you have to stop trading. And if we have an awareness of that, we'll actually be very good. Indeed, not everything must be continued, there will be times when we have to stop for a moment and reflect on what is happening to us. Moreover, this is cryptocurrency trading where this is a very high risk thing. In the conditions that you have given the list, it would be much wiser to stop immediately first. So you can know when to stop and when to start again. So that it can also serve as evaluation material when stopping trading.

Honestly the emotion after a series of losing streaks prompt a trade to continue trading so as to recover those losses unfortunately most of those trades entry is not according to the trading strategy most of the time I do trade blindly unfortunately or consequently resulted to more losses understandable now that the best thing or remedy is to take a break.
Yes, this is very factual. Emotions when we have just experienced losing when trading will definitely be very unstable. especially if it is a large enough amount and we are waiting for the results. So this will be a hard blow for us. However, when our emotions are unstable, sometimes there is a high desire to continue placing positions because we hope to bring back the money we have lost, over and over again. However, when our emotions are unstable, our focus and strategy for trading are actually not in a good condition. This will actually trigger further loss.

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November 14, 2023, 09:58:17 PM
 #126

I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
I don't think like that. Those who are financially stressed will be distracted from planning investments. it won't go well.
Those who plan investments are of course those who have financial strength. so if the investment does not go according to plan it will not affect the finances.
Investing is not gambling. In fact, I have seen incidents like this happen to many frustrated gamblers who want to double their money instantly.
Investing and trading are not gambling but it went to that situation if that person has no knowledge about it. Many people underestimate the market volatility, they'll though that knowing the basics is trading is just okay but that is not how trading works because if this is only what is in our mind, we'd better stop doing this as it results in losses. We can't force ourselves to become a trader unless we have the courage and willingness to change our wrong mindset and market approach.

R


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November 15, 2023, 08:00:37 AM
 #127

Everything you mentioned is related to trading psychology or psychological factors, the impact of which can be reduced by using trading bots and a short- and medium-term strategy that saves you from emotional problems or market fluctuations, but in all cases, stay away from trading when there is financial pressure, as you must trade with the money that you You do not need it. If you need money, trading comes second, because most of the time the decisions you make when your financial situation is bad are stupid and hasty decisions.



However, my opinion here is that some see traders using the money they need to trade and as a result they are in a hurry, seeing the slightest loss they then sell and experience losses little by little.
the thinking of those who trade is that they need money quickly.

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November 15, 2023, 10:44:01 AM
 #128


Investing and trading are not gambling but it went to that situation if that person has no knowledge about it. Many people underestimate the market volatility, they'll though that knowing the basics is trading is just okay but that is not how trading works because if this is only what is in our mind, we'd better stop doing this as it results in losses. We can't force ourselves to become a trader unless we have the courage and willingness to change our wrong mindset and market approach.

There is no need to compare trading with gambling or anything else, because there are downright bad traders and there are excellent gamblers. And those who trade without proper knowledge, or bet on luck, will always lose more than they earn. I am inclined to believe that there are more chances to make money in trading than in gambling, so gambling is like entertainment for me, and I take trading much more seriously and spend much more time on it.

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November 15, 2023, 11:09:50 AM
 #129

There is no need to compare trading with gambling or anything else, because there are downright bad traders and there are excellent gamblers. And those who trade without proper knowledge, or bet on luck, will always lose more than they earn. I am inclined to believe that there are more chances to make money in trading than in gambling, so gambling is like entertainment for me, and I take trading much more seriously and spend much more time on it.
People here too easily compare trading with gambling. Trading without basic knowledge is what the bad traders are and they are the traders who will lose money. If the trader is prepared to lose a lot of what he earned, I tend to believe that the trader is probably learning to gain good knowledge of trading.
That's right. Trading is better than gambling in making money. Traders can target profits on trades carried out with a good strategy. Gambling cannot set a profit target because it tends to get results that are far from the winning target. Winning at gambling and getting money is just luck.

R


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November 15, 2023, 12:58:05 PM
 #130

I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
I don't think like that. Those who are financially stressed will be distracted from planning investments. it won't go well.
Those who plan investments are of course those who have financial strength. so if the investment does not go according to plan it will not affect the finances.
Investing is not gambling. In fact, I have seen incidents like this happen to many frustrated gamblers who want to double their money instantly.
Investing and trading are not gambling but it went to that situation if that person has no knowledge about it. Many people underestimate the market volatility, they'll though that knowing the basics is trading is just okay but that is not how trading works because if this is only what is in our mind, we'd better stop doing this as it results in losses. We can't force ourselves to become a trader unless we have the courage and willingness to change our wrong mindset and market approach.

Actually, when a trader is unable to control his emotions, it would really lead to losing their crypto assets. Until now, many individual traders still experienced that.

Why do they experience that? That's because they lack ideas and knowledge, because if they only knew how to handle our emotions correctly, they wouldn't just panic when something unexpected happens in the market, that's for sure. Our emotions are part of our traditional activity.

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November 15, 2023, 03:22:40 PM
 #131


However, my opinion here is that some see traders using the money they need to trade and as a result they are in a hurry, seeing the slightest loss they then sell and experience losses little by little.
the thinking of those who trade is that they need money quickly.

Never be in a hurry when starting trading, the more you hurry, the more mistakes you can make. Small mistakes you make during trading can make you lose all your invested money. So never be in a hurry while trading. There are many people.  Those who do not understand about trading lose their money while trading.


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November 15, 2023, 04:59:16 PM
 #132

In my opinion not all people have to become traders so to trade, you have to collect maximum trading knowledge over the years. I can trade with small amount which will make me efficient and also you can understand from small trading how to do better in future. This is why I invest more money for long term which helps me generate profit while keeping risk free. Moreover there is more risk in everything in the crypto market so you must always keep yourself smart.

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November 15, 2023, 11:57:59 PM
 #133

In my opinion not all people have to become traders so to trade, you have to collect maximum trading knowledge over the years. I can trade with small amount which will make me efficient and also you can understand from small trading how to do better in future. This is why I invest more money for long term which helps me generate profit while keeping risk free. Moreover there is more risk in everything in the crypto market so you must always keep yourself smart.
Of course, not all people have the intention to be traders. It is because trading isn't easy, it requires special skills and knowledge. Traders also need to have smart mind and strong mentality, this is something that not everyone can have. Sure, we can learn how to have strong mentality and good self-control. But not all people are patient to do the process, sometimes it takes a long time to have a strong mentality. For people who seems not suitable to be traders, it is better to focus on investment only. A long term investment can be easier because we only need to know the cycle. If we know the bearish and bullish cycle, we can determine when to buy and when to sell our coins. This is not so difficult to learn, it is much easier to understand than learning about trading skills or trading strategies.


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November 16, 2023, 12:32:32 AM
 #134


However, my opinion here is that some see traders using the money they need to trade and as a result they are in a hurry, seeing the slightest loss they then sell and experience losses little by little.
the thinking of those who trade is that they need money quickly.

Never be in a hurry when starting trading, the more you hurry, the more mistakes you can make. Small mistakes you make during trading can make you lose all your invested money. So never be in a hurry while trading. There are many people.  Those who do not understand about trading lose their money while trading.
even better that in the process of trading someone also learn from other experiences, reading articles about trading from the expert, it usually gives some pointer to some mistake that newbies are more likely gonna do and also give better solution.
being in a hurry is never good, it might affect emotional state which in turn also affect our take in making decision that is sometime unwise because we get tilted of some previous loses I guess but the point is that, being cool headed emotionally stable is the thing that gonna keeps us from making the worst decision ever without knowing how worst it can get.
its even not a stretch to say that, most of the newbies that get in their trading career, outright fails, because impatience, and the urge of being rich in just a night, which isn't true at all.

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November 16, 2023, 03:59:43 AM
 #135

In my opinion not all people have to become traders so to trade, you have to collect maximum trading knowledge over the years. I can trade with small amount which will make me efficient and also you can understand from small trading how to do better in future. This is why I invest more money for long term which helps me generate profit while keeping risk free. Moreover there is more risk in everything in the crypto market so you must always keep yourself smart.
There is no free risk in trading including investment, because when you use your money to buy coins, be it Bitcoin or altcoins, you are at risk of seeing your money decrease because coin prices are always moving, but long-term holders will have a calmer mind because you have set how long to keep it but this only works well if you keep Bitcoin while in my opinion altcoins are very inversely proportional to Bitcoin, keeping altcoins longer is the same as throwing money away because nothing is certain in altcoins.

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November 16, 2023, 04:03:00 AM
 #136

Trading is not suitable for people who want to get rich instantly. I have tried it and what people say about it is true. It's better to stop trading than if you want to get rich quickly, it won't be as smooth as you think. Here you need to be consistent in achieving profits in order to really see the results.

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November 16, 2023, 04:18:40 AM
 #137

People will not stop trading until they have proof that this trading is detrimental. If they are on the right path in trading they will enjoy it and be consistent with existing profits. If they are tempted by the profits they get from flexing influencer content, I think they will despair here because that is just icing on the cake. Basically, trading is not very easy.

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November 16, 2023, 04:54:59 AM
 #138

Trading is not suitable for people who want to get rich instantly. I have tried it and what people say about it is true. It's better to stop trading than if you want to get rich quickly, it won't be as smooth as you think. Here you need to be consistent in achieving profits in order to really see the results.

Indeed, no wealth can be achieved instantly, unless you get it from inheritance.
Trading gives traders the opportunity to make a profit. but there is also a chance to lose. Even those who have been trading for a long time and have mastered several trading skills are not free from the risk of loss.
If you are knowledgeable and experienced, perhaps you will not seek wealth from trading. it may just increase and decrease your assets.


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November 16, 2023, 08:16:11 AM
 #139

Never be in a hurry when starting trading, the more you hurry, the more mistakes you can make. Small mistakes you make during trading can make you lose all your invested money. So never be in a hurry while trading. There are many people.  Those who do not understand about trading lose their money while trading.

People start trading without knowledge of how to trade and they want to be rich in a single day which is not possible to happen. There are large number of people who trade regularly but only 10 percent will be able to get continuous profit from trading and the remaining will either face loss or the will have sometime win and sometimes loss situations.

If you Loss in trading then don't stop here because after this loss a new chapter will be open for you in which you will not repeat your previous experience that become cause of your loss. Mistakes are made by everyone so if you don't know how to correct these mistakes then stop trading for sometimes because without realizing the reality you will repeatedly doing the same mistakes.



 

 

 

 

 

 


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November 16, 2023, 12:12:31 PM
 #140



6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.


I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
I think not everyone trades with such a plan because of financial stress, if one goes to trade he will definitely lose his money. Again, taking risk is most important in trading because one can never make a profit without taking risks. Due to financial problems, if one starts trading without understanding then one will never be able to profit but will always face losses. I have seen many people start trading for the greed of money but at some point they lose money which is really sad but if that person trades wisely one can definitely expect good things. But if you are starting a business, then of course the most important thing is that you continue it at first, and you will be successful once. And if you don't take risk then you can never make such profit, so it's a very good plan to take risk, but it's best to trade with small amount of money.

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November 16, 2023, 01:02:52 PM
 #141

While trading contains some risks tasks which also need to be done when we are not doing trading then how could we earn? Same is the thing in the daily life if we are starting some business in all of our efforts we put in that experience and that task and then we got some also. Also we are dishearten but still we are happy to do our business even this time with the less money also. That's why we have to struggle and the result will also be better if we are thinking about the result how could we achieve the success even we don't know about it.

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November 16, 2023, 01:46:22 PM
 #142

People here too easily compare trading with gambling. Trading without basic knowledge is what the bad traders are and they are the traders who will lose money. If the trader is prepared to lose a lot of what he earned, I tend to believe that the trader is probably learning to gain a good knowledge of trading.
Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss,  and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.

R


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November 16, 2023, 06:16:54 PM
 #143

Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss,  and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.
People think that trading is the same as gambling, so we assume that when he enters the market, he is not equipped with basic trading knowledge, he will think that way, maybe it is more appropriate when he buys shitcoin for trading and hopes to go up 10x if he doesn't make it then say this is the same as gambling, so people who don't understand trading fully.

Trading must be equipped with a variety of ways including fundamentals, technical analysis, candles, market sentiment, patterns that are needed including risk management because this is most important in a trade, if you do not apply the above then we will often experience losses because we ignore the skills needed.

The point is that trading is not gambling, but there are certain ways that you must master to take advantage.

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November 17, 2023, 03:57:28 AM
 #144

People here too easily compare trading with gambling. Trading without basic knowledge is what the bad traders are and they are the traders who will lose money. If the trader is prepared to lose a lot of what he earned, I tend to believe that the trader is probably learning to gain a good knowledge of trading.
Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss,  and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.

Exactly, it's not like gambling where you just place your position and wait if you will earn or you will lose your money, there's always a plan using
the knowledge that you have before dealing with your trade.

There are many factors that affects this venue of business, if you don't have any knowledge better to stop and try to spend more time in learning
before you do the trade again.

With that principle, you will add more better anticipation and the accuracy of using your strategy and the patterns that you are following.
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November 17, 2023, 01:29:17 PM
 #145

-snip-
Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. -snip-
Sometimes the explanation about trading is too difficult for the mind of the person reading it to digest. reader. The first rule that I understand from what you mean that people who want to trade must pay attention to is knowing the type of trading. Beginner level traders, suitable for spot trading types.
The method is easy, buy and hold until it increases a few percent for resale.
The second rule, the coins you want to trade must be chosen that have the potential to increase, don't choose trash coins.
Third rule, don't be greedy.

Who knows. I think blaming them is also not useful because in essence they want not to make mistakes in trading.

R


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November 17, 2023, 01:40:38 PM
 #146

Quote
2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
When the market is consolidated, it becomes very difficult to understand the direction of the market. At that time it is difficult to tell which direction the market will be influenced and most of the traders who take positions in the market then take wrong and irrational decisions. I think these times can be very bad for a person if taking a trade, that's why it's best to use stop trading during those times. Moreover, if you come to the market for trading, then it will be a waste of time for you because then you will not be able to make a profit. So you have to accept at that time that this time will be best for long term investment, but short term planning will not give you profit.

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November 17, 2023, 03:53:50 PM
 #147

Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss,  and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.
People who think trading is just like gambling are the ones who gamble with their money by investing them in shitcoins and meme coins with the hope of hitting the jackpot and getting a lot of money without even understanding the true essence of trading and the cryptocurrency market, they don't know anything about trading and proper trading practices, they think that just like gambling, trading is also dependent on one's luck just because the market is unpredictable but that's not true.

Such people learn and grow and then realize their mistakes and that they shouldn't have done what they did in the past and should have approached trading with a different mindset, it would also save the money they might have lost in those useless projects and tokens that they've bought without any research just for high profits.

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November 17, 2023, 07:23:58 PM
 #148

The only thing that I can say is to Stop Trading if it never works for you. We can't simply assume that if some people become successful in trading, we can also be successful as well because we are not the same - our thinking and decision making is pretty different whether we like it or not. That is why even we use his strategies and ask his advice but when doing it alone, the results are truly different and that is because we differ in making decisions, especially in a crucial time.
Sure, there should be time to decide stopping trading if we already did our best and it never works well. However, before we decide to stop, we can do some efforts first. We need to ensure that we have sufficient knowledge before we trade. We must understand varied trading skills, know fundamental and technical approach, and we improve our mentality. If we already try these matters and there is no improvement in our trading, we can assume that trading isn't suitable for us. Well, we can focus on investment only, both short term and long term investment. However, when we want to invest in crypto, we need to understand the bearish-bullish cycle. So, we can determine the right time to buy coins and plan to sell the coins in the best time.

By the way, I can agree that even some people can succeed in trading, it doesn't always mean we can succeed as well. It is true that everyone has their own capability and preference, just do what we can optimize our ability. If trading only wastes our time, it is okay to leave trading and focus on investment only. Trading is an optional, it is not a must!!


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November 17, 2023, 07:27:52 PM
 #149

3) When Emotionally Unstable
Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.


Basing up on whats written on op, then bolded one would really be my most important choice for someone to really look into, on which being emotionally unstable is something
that could really be giving out that huge effect into someone which it isnt really just that limited on trading alone but also in other aspects or things that you could possibly deal with.
We know that once your emotion is really that unstable then you are really that prone when it comes to mistakes and errors on which it is really that something  that you must avoid and since you do know that
you are dealing something that connects with money or funding then it is really just that right that you should be taking the safe route or approach.

It would be ideal that you should really be stopping on the time that you are experiencing unstable emotion because once your mind been that affected by it
then you would really be losing of tract on the things that you are really that currently dealing with. You are really that likely to mess up
on the things that you've been doing and this is something that we must avoid if we dont really like some headaches.

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November 17, 2023, 09:18:32 PM
 #150

Quote
2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
When the market is consolidated, it becomes very difficult to understand the direction of the market. At that time it is difficult to tell which direction the market will be influenced and most of the traders who take positions in the market then take wrong and irrational decisions. I think these times can be very bad for a person if taking a trade, that's why it's best to use stop trading during those times. Moreover, if you come to the market for trading, then it will be a waste of time for you because then you will not be able to make a profit. So you have to accept at that time that this time will be best for long term investment, but short term planning will not give you profit.
Consolidation period is the time when we are to be patient and analyze the price direction of the market in way that would profit us.
Determininh what could happen in the market is when know doing consolidation when the market is quiet and less volatile.
Those that are good in market analysis can determine what happens next after consolidation but this is not always accurate but there can be a fake out that could make inexperience traders to enter the market and buy or sell without been aware of the different direction the market would be taking.









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Mars,           
here we come!
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ElonCoin.org.
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"I could either watch it
happen or be a part of it"

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EluguHcman
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November 17, 2023, 10:00:32 PM
 #151

1) Series of Losing Trade
 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.
Regaining oneself and maintaining psychological or emotional balance shouldn't be a reason why one must stop if experiencing this but staying back for error finding (trouble shooting) and restructures if need be.
  
2) Market is Consolidating
Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
When this happens, it is neither a caused of the economic nature probably demands or your marketing strategies.
If the disaster is globally effective to the sector of your trades, there is definitely no boycott and you can't beat the the situation. If not to put hold to your trade in order to prevent lost, you just have to dangle by because a single Investor is not exceptional to made away w global nature but if by a marketing strategy, then you definitely have to restructure your marketing strategies maybe either you should enhance or you eliminate an already one.

3) When Emotionally Unstable
Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.
Of course not you don't have you don't have to stop your trades when the market proffers excitements instead you figures what secret is behind so that you can keep it up without deviating since your Investors goal is to keep smiles on your face (profits) although take charge of your emotions when trading is practically a high considerations.
You don't quit when you lost or facing related troubles rather you have to face the fears so yiy don't get lost of control.  The market is like a barracks of survival of the fittest so you don't be flexible to broken emotions. You just have to build courage while you figures what the case maybe for avoidance or repel.

4) Market Conditions are not Favourable
Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.
One doesn't have to stop it's trading if this occurs and I take as previous mentioned "market consolidating" as part of the disastrous terms that is part of the nature of this "markets condition" and same strategies is applicable for resolutions.

5) When your set-up is not established
You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.
Of course you don't get into any markets or trading when you are not knowledgeable to it. Very much unwise to getting into such trading simply because there are testifiers or points of contacts whom the markets are favoured.
Even basic ideas are not worth enough to reply on at indulge in a trade unless the nature of the trading has less significant skills such as Bitcoin trading or the nature of the trades has a less risk such as estate investment.

6) Financial Pressure
Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.
Every reasons of venturing into any form that offers income is to pave means to solving financial problems but at the period of your ventures, it is unwise if one suddenly and only leans its sources of income in that one trade else  one runs out of stock with no values of profits accounted.

It is also to be decided and determined if you are venturing Into a long-term or a short-term investment so you would conciously admit and adheres to how you tempers your investment funds as a matter of being under pressure of financial needs.

7) Series of Successes
This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade.
At a time of series success, of course it is a call for continues rollover as long all you strives was success and not failure.
Instead there should be a readiness being Incase there is a contrary (bad market) so you don't get emotionally broken. Markets trading fluctuates which has the potentials of loosing and gaining so if the positive side comes there is absolutely no hesitation of giving chances while the negative side is expected so it doesn't cause a weigh down at its arrival.
E.G... Bitcoin trading where there is a bull-run, of course its investors would be excited because there is a profit in the trades and definitely those who hodl their coin at then would be best benefitials and if continues bull-runs they would want to top up so as to make higher incomes.


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