Stop Trading

[carlisle1]

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.

[uswa56]

✂️✂️

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.

[Altryist]

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.

[Pandu Geddon]

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.

[irhact]

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.

[South Park]

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.

[carlfebz2]

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.

[Sanitough]

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.

[2double0]

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.

[Rengga Jati]

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.

[kawetsriyanto]

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.

[Obari]

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

[EarnOnVictor]

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.

[lienfaye]

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.

[barisbilgili]

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.

[Litzki1990]

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.

[RioBlemz]

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.

[lixer]

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.

[GeorgeJohn]

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.

[RioBlemz]

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.