Stop Trading

[Biznesmen]

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.

[Awaklara]

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.

[gabbie2010]

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.

[TakeItEasy]

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.

[TelolettOm]

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.

[Hypnosis00]

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.

[naikturun]

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.

[Cryptmuster]

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.

[yudi09]

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.

[kingvirtus09]

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.

[rojan]

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.

[Tomcolor]

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.

[TelolettOm]

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.

[poodle63]

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.

[Strongkored]

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.

[eXtremal]

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.

[lvsca]

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.

[Pandu Geddon]

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.

[AnonBitCoiner]

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.

[Out of mind]

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.