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Author Topic: Know when to stop  (Read 167 times)
LogitechMouse
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December 16, 2023, 10:47:14 PM
 #21

~
To sum it off, JUST STOP TRADING at all. Cheesy
High-quality trades? More complicated market setup? What do you mean by this?

Learning when to stop is needed when it comes to trading. If you feel that you aren't ready then trust your instincts, and follow your strategy (if you have). Having a stop-loss might help you if you feel that you entered at the wrong time because of wrong decisions. Nah just stop trading because it's too complicated for newbies. You need to learn many things like controlling your emotions, knowing when to use stop-loss, and many more.

Anyway, I'm just kidding but TBH, I already stopped trading because I lost all of my capital 3x already, and that's too much for me. I already realized that trading might be not for me, and I hope those who are continuously losing money in trading will realize that as well.

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December 16, 2023, 10:51:57 PM
 #22

Therefore you must be able to do risk management otherwise your trading will be messy and more losses than profits.

In trading if you can't control emotions then this will be worse when you continue to experience losses and want to continue while the skills are no longer enough, trading requires patience and mental resilience especially in looking at the chart patterns that have been made if it doesn't match then you will feel emotional because it's not in line, especially never be greedy and set your profit at a percentage so you don't get caught in the situation.

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December 16, 2023, 10:59:36 PM
 #23

It's best to engage in trading when you actually know when to start trading and when to stop trading. There's always choices provided for you but you should only make the best choice and  reevaluate if that decision is reasonable or not. As far is trading is concerned, everyone who trades has the greed to earn money but not everyone is given the opportunity to make profits. If you see it consistently happening, then it's better to stop trading to avoid future losses as well.

However, not all those who kept failing in trading has the courage to finally stop trading. Some still continue to trade and chase for bigger profits even if it means additional losses on his part.

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December 16, 2023, 11:59:37 PM
 #24

In other too be successful in trading we should know when to stop,  stop when you have a big loss, stop when you are now making emotional decisions, stop when your losses have gotten to your head, stop when your confidence is low, don't ever try to get back at the market (revenge), don't trade as if you are gambling, stop when you don't have a clear insight of the market because there are countless opportunities in the market, don't blow your account trying to get back what you have loss.
Actually, this is quite complete about what you "Don't" do. Indeed, stopping is very necessary in trading. We must know when to stop and must also take action as soon as possible. Not only understanding enough, but also taking action to stop immediately will also have quite a good impact. Because however, when we really understand and are willing to go through this process of stopping, we can manage ourselves so that we don't fall into addiction and bad trading habit without any research previously. because one of the most significant features of addiction is when we are unable to control ourselves to stop, and we let it continue until we fall into the addiction. This is what it is made of. because the effects of addiction can be very complicated. What's more, when we know how to stop, it doesn't mean because we just lost, but when we get profits from trading, we need to stop first and then be able to withdraw the results. So at least we have recovered our capital and got enough money first.

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December 17, 2023, 03:06:15 AM
 #25

As long as you know when to stop and when to continue trading, then you know exactly what it means to trade. However, I still hold on to the idea that sudden stop from trading is not a good attitude for such traders. If you keep doing that, you will never develop your skills and strategies in trading, and you'll never be a reputable trader in the long run. But if you keep seeing your losses have already outnumbered your profits, then think a hundred times, if you will still continue or just leave trading for good.


Do ensure to stop trading when you're losing consecutively. We sets good standards inother to grab our profitable revenue in the system. Leaving trade doesn't actually mean one is scared or doesn't have the experience to trade, but there are trades we just have to close inother to escape liquidation. Anticipating in solid projects will boosts our chances of earning and withdrawing good profits in the system. Trading is good but knowing when to stop is basically important and necessary for all traders that have potentials of succeeding in the system.
But even if we provide this kind of advice or topic, many people or traders cannot remember this kind of advice when they are in this situation. It takes a lot of dedication and strong will and mind to stop trading when they face a losing point, or what we say could push us further just to recover the loss or trading using emotions. If you have a high level of self-control and discipline, yes, you could stop anytime and accept the loss and pain, but the thing is, humans are vulnerable to these things; they tend to be weak and be swayed by their emotions, so it depends on the traders themselves if they can manage themselves. 

Im sure even expert and experienced traders could experience what the OP stated because that is the nature of humans or us, so its up to us how we can cope and what decision we will make.

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December 17, 2023, 08:49:32 AM
 #26

Is this a self-moderated post or something? I could remember yesterday that I was the first person who post here. I even appreciated the post and advised you to rearrange it very well promising you merit afterwards. But I can't find the post here again. Even your status is not sufficient to open a self-moderated post if I am correct. Any explanation for that? 

Besides, I am glad you made an arrangement as advised a little and the merit has been delivered as promised to encourage you. The post is small but very good to speak to the psychology of traders as most traders are losing because they do not know the right time to stop indeed and are battling with emotion. Maybe reading your post will again be a reminder for them that trading is not a do-or-die affair, we should know the time to trade and the time to stop trading. By trading only when they are sure and with their right senses will go a long way in helping them.

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December 17, 2023, 09:03:25 AM
 #27

Is this a self-moderated post or something? I could remember yesterday that I was the first person who post here. I even appreciated the post and advised you to rearrange it very well promising you merit afterwards. But I can't find the post here again. Even your status is not sufficient to open a self-moderated post if I am correct. Any explanation for that? 

Besides, I am glad you made an arrangement as advised a little and the merit has been delivered as promised to encourage you.
Thanks, I really do appreciate for your encouragement. I didn't delete anything, i just made another post entirely, you can still find the other post in trading discussion and the title is the best decision you can take.

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December 17, 2023, 09:40:24 AM
 #28

I totally disagree with you, trading is a craft that you must learn in other to be successful in it, once you have masters the craft, you will always be profitable, even though you will encountered some losses at some point, but you will still be profitable because you knows the craft,  while gambling is a different ball game entirely, it's a game of luck, it's only newbie and less skill traders that sees trading as gambling, please be guided.

So what exactly is your point? I quite understand that trading is more or less of gambling with just a slight difference but saying always profitable when you master the craft is totally misleading. Of course, we can take time to learn about trading and how to manage the risk but first of all, it's not even possible to master the craft and even if you manage to learn and know a little about trading, it can not constantly keep you in profit and the losing probability is higher. By the way, what makes you think that trading is not gambling when gambling is An activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance, usually with money wagered on the outcome.. Trading is a gambling in another level that requires skills if you want to make some profit.

Therefore you must be able to do risk management otherwise your trading will be messy and more losses than profits.

In trading if you can't control emotions then this will be worse when you continue to experience losses and want to continue while the skills are no longer enough, trading requires patience and mental resilience especially in looking at the chart patterns that have been made if it doesn't match then you will feel emotional because it's not in line, especially never be greedy and set your profit at a percentage so you don't get caught in the situation.
This is where many traders become troubled because not all of them have the ability to control their greed to print more dollars and controlling their emotions when they are in complicated situations and some of them end up ruining everything because of these two. Not definitely easy to do for experience traders not to talk of newbies in the system and you can not bear a trader if you can not manage them properly.

R


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December 17, 2023, 11:05:32 AM
 #29

This is a rule in trading that beginners should not take for granted. It is important for people to understand when to enter the market and when to stop trading. Many traders have lose in trading because they want to make money from trading by all means and they continue with the trade. Greed is very dangerous to trading that traders needs to be very conscious about, the consequences of greed lead to lose. It is important to know when to stop trading.
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December 17, 2023, 01:15:57 PM
 #30

I once heard from a famous investor,

"Reduce your buying and selling activities and you will get big profits"

"buy and stay asleep for 20 years" - buy and don't check or look continuously, this will disturb your emotions and trading due to emotional decisions.

It is better to buy and sell with low intensity, buy and hold and then sell when the price rises to tens of thousands of percent. Of course, this will provide emotional stability and avoid trading emotionally and causing losses.

But again, this depends on each individual. "Don't fight the market with emotions or you will die!"

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Dickiy
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December 17, 2023, 02:01:26 PM
 #31

Of course, if the situation has begun to heat up, or that means your brain and mind have begun to feel significant pressure due to the losses you have experienced in the session then obviously at that time there is no other way but to stop and rest, it doesn't matter if indeed in that session you have not been able to reach the target you have planned but what is certain is that safety is more important than anything else.

That is why risk management is very important in terms or your involvement in the world of trading, setting stop los and take profit will be very useful and help you to avoid significant losses that can certainly make your trading plans and involvement fall apart, on the other hand it is not uncommon for me to see many who fail in situations like this, or that means they cannot control their emotions so that they act out of control and instead place trades with a much higher level of risk with the aim of breaking even or recovering losses in the previous time, but usually these actions lead to worse conditions and even MC. So the bottom line is that you need to be able to implement a very good risk management according to you and also always keep yourself mentally and psychologically which will certainly push you to a consciousness that can prevent you from acting out of control.
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