Stop Trading

[Peanutswar]

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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[armanda90]

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.

[yudi09]

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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.

[rat03gopoh]

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.

[Assface16678]

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.

[lombok]

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.

[tjtonmoy]

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.

[CODE200]

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.

[ancafe]

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.

[Franctoshi]

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.

[Nrcewker]

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.

[JoyMarsha]

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.

[Best-mary]

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

[MFahad]

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.

[so98nn]

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.

[Cryptomultiplier]

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.

[GreatArkansas]

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.

[xSkylarx]

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.

[Blowon]

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?

[Bitcoin_people]

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.