Quit trading discussion thread

[nara1892]

Trading addiction is actually very hard to fight because you won't know when you would use money that is meant for something meaningful to trade. I will tell you one story of someone whom I happened to know very well and he is a trader, when he was trading then he was actually making profits from it but at sometimes he would lose money. When trading is excessively then you gradually becomes a victim of trading addition which are very hard to control as it is just as gambling and when they got addicted they found it very hard to get rid of it. Again, as a trader who are even coming up should not be that leaving their funds on exchange as it could get them attractive to either want to trade again but when it is withdrawn from exchange they wouldn't be that pushed to go deposit and start trading again.

An addiction is something that you find difficult to stop and this is something that you do constantly, trading is actually something that takes a lot of practice and consistency, if you put in a lot of energy into it and become constantly involved does this make you an addict? Then I guess every profitable trader is an addict then. The only thing about trading that is considered to be excessive is overtrading which is caused by greed. After making profit or hitting a target some traders still continue to chase more, this is considered to be unwise.

It doesn't work quite like that, bro you first need to understand how addiction is defined. A successful trader isn't necessarily addicted, the benchmark isn't simply the amount of time spent on the activity. Addiction is when someone loses control yet continues the activity despite the negative consequences.
If a trader such as a successful one has a clear strategy and sound risk management, remains humble, and engages in trading over the long term, that does not mean they are addicted.

[Issa56]

Trading is good and is certainly more profitable compared to just investing alone, but trading will also make you poorer than ever especially if you realized late that you're not supposed to stay trading in such a volatile market.

I won’t agree with you that said trading is more profitable. Both trading and investment are profitable, depending on how you venture into it, the amount of knowledge which you have before you start. Maybe because you are always making profits from trading frequently, and that’s why you think trading is more profitable than investment.

Whenever you are investing, you will have to wait for years before you will be able to make profits, but what you will make might be more than what a trader have made for years, and we all know how risky trading can be compared to bitcoin investment. Both trading and investment are profitable, just depending on the one which you decide to do.

[savetheFORUM]

Trading can be wonderful though however it is not actually for everyone so if what you have been getting compared to what you have been putting in is a far cry, then you are on track to quit and put your time into something else to worth your time. But if you are as passionate as I am in trading, I will  pause and review my trading pattern, loses and strategies then get to improve on the lapses found. There are no free lunch anywhere, sometimes the breakthrough we long for is just a step away and quitters never win.

This is why I stopped trading mostly; I still trade a tiny amount, but most of my money is not in my trading account. Not because I do not understand it; I have studied it, but the random changes in Bitcoin movements and even technical analysis are very hard to predict, and I try to do it at times, but I usually do not come up with what I desire. Long-term holding has always made me a good chunk of profit, so I do not feel the need for it.

Some traders do great jobs; I have known people who turned thousands into hundreds of thousands, even people who turned tens of thousands into millions. Those people should be trading because they know what they are doing, and there is nothing wrong with that. If you are good at trading, then you should be trading, and you should be doing whatever you want to do. However, if you are dealing with something that is not that crazy to do, then the best thing you should be doing right now would be that you are going to stop trading and keep on long-term holding, and that way you could still profit without having to deal with the troubles of trading may give you.