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Author Topic: Stop Trading  (Read 1007 times)
Bushdark
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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.



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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.

R


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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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