Bitcoin Forum

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

Hey boss bro, if you don't quit at life because of a few shady characters, you don't quit at anything because of shady characters.

I would, though, if I'm trading, ask myself if I had to share the blame and not just blame it all on shady characters.

Also, I would say that you should have a target or some kinda milestone for quitting. And you should quit when that target is reached. If I kept losing and losing no matter how much I strategize or keep discipline, I think I have to stop at some point, right? :)

BTW I quit trading a few years ago after >10 years doing forex, stocks, then crypto. I made some, lost some, overall probably a bit in profit, but I felt I was losing too much time for very little gain and nosleep nights sometimes lol. Crypto trading actually gave me the biggest push to stop, also because it had the shadiest characters in a way :P

One of the best decisions I ever made honestly:P

What shady character? Did you mean if the trader is trading those useless coins? A good trader will first study the coins he wants to trade before trading with it. A good trader will check the information of a coin or token like its marketcap, its overall trading volume and liquidity and its trading volume on the exchange he is using. He also need to check the price and look for possible manipulation.

quitting trades because loss caused by shady character really sounds like that person trading a lot of shit coin and got really bad result, I thought a crypto trader with years of experience would know before hand that they should do risk management only allocating really small money to speculative trading that carries high risk.
I'm pretty sure doing that would spare you of losing money because of shady characters that you described above.
moreover, if you're drained of capitals due to that loss, what you can do anyway, you just start from the very beginning with low capital and make your way up, its gonna be tough, but you need to think whether its worth holding onto trading, judge the profit you generated each year to determine whether its worth or not.

personally with trading, the worst day I got is when sudden market dumps occur, then I got heavy loss and just move on, since I do risk management usually even though loss is heavy, i still have capitals left to start again.
its just how you approach how you trade, going all in to an investment is just never really worth it when you have big capital in your hands.

Frankly, I did not understand what you mean by your phrase "who just encountered a massive loss because of a few shady characters." What do you mean by shady characters? How can you face a loss because of this "shady characters" ? Explain please.

As for me, I went through a lot of difficult times in trading, and I had a lot of losses and bad times, but I did not give up. I learned from my mistakes and try to avoid making more in the future. I have now gained good experience and know how to manage my trading well.

Perseverance, patience, as well as learning are the most important things a trader must possess.

When someone encountered a massive loss in trading, he needs to take a break for a while to calm his minds and emotions. Trading needs to have skills to analyze the market, selecting the coins and other things and without learning how to analyze, that person will not have a chance to make a profit. If you can learn many things about trading, you will not have a problem and will always aware and careful when analyze. You will be careful using money for trading because you will not wants to risks too much money in trading. When you loss in trading for some time, you will realizes that is the time for you to stops trading for a while and will not trying to recover the lose because that can makes your emotion increase and will makes you lose control.

Trading isn't for everyone and for those that have years of experience, it doesn't give you a ticket to be exempt with the cruelty of the market. I've seen bunch of traders that have lost their entire lifesaving and earnings all of their trading career because of few mistakes. And that's why you don't have to be comfortable at all times, time of being secured is there and when you are at that moment, you have to check yourself. But if a former trader wants to keep on going but still wanted to stay in the market, there's a better and lesser stress option and that's to invest and hold.

If you think trading is not ideal for you, well you can now make a second think let's accept the fact not all people are for trading and sometimes they are keeping push to be a trader because they want to earn like othe people does but if you really a dedicated person. who thinks trading could help you alot and makes an improvement where you at now, set this failures as your motivation to get back on the path you would like and also keep learning from those mistakes you've done before. Learn and earn but if you keep seeing yourself doing the same mistake it seems the problem is already in you.

That part of your post intrigues me. Tell us more about the "experienced trader who encountered a massive loss because of a few shady characters"?

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

Well, we all have our limits, but as you've said in the in the OP about experienced traders, as you said experienced, I think those experienced traders will not be discouraged or will give up easily because they have gone through losses numerous times, and those traders that make those losses as a lesson and opportunity to learn and grow more will most likely be the traders that could achieve success in trading. There is no easy way or route to be successful in trading because it is a very risky and hard thing, but if you can build up experience, you can know how to handle different situations over time, and that could be your weapon. So anyone who is experiencing losses in trading right now, think again about why you started trading. No matter what your intention or goal is, stick to it and never give up on trading because it is a good thing that could bring you a lot of money if you manage to do well on it.

Some people will start trading with huge amount of money and lose all the money within some minutes or some days. The strategy a trader is using is very important. I can understand your point that trading is not for everyone but everyone has to learn with small amount of money. I noticed successful traders trade with just 1x leverage and not going beyond it and they use high amount of money. But trading is very risky, anyone that wants to trade should just use the amount of money that he or she can afford to lose. The money some traders use that will think it is huge, the trader may have 10 times more but which he is not using it to trade.

I am not a professional trader, but I do trade sometime if I have conviction about a particular coin, but I don't know the right interpretation of the shady character you are referring to;

is it trading all newly lunched project?

If yes, I don't think it should be the reason you should quit if you really have passion for crypto trading.
But if you don't have enough capital to continue, it's fine because no one will advice you to borrow money for trading.

The richest investors in the community are HODLers who merely accumulated through DCA, or buy the DIP. They use time-based strategies, not price-based.  It also has to be the best currency/commodity in its asset class. If you like investing in precious metals, then the best is Gold. not Silver. If you want to invest in cryptocurrencies, then invest in Bitcoin because most of the other coins will fall down to ZERO.

Because in trading, the longer you stay, the better and the more profitable. That's why capital preservation is extremely important, protect your capital at all cost. Not all the time is good to trade, patience and learn always.
So even how small of big your capital is as long as you are managing it properly, it's really fine.

Mistakes seem to happen even though we have been trading for many years and yes, I don't think 1 big mistake is enough for us to quit instantly from doing something that we like. I believe stopping for a few days is enough to move on and rethink another strategy. Yes, sometimes we need to do that in order to relax our mind, it is been full already and won't function normally.
Quitting is not an option if we know that there is something we can do to correct our mistakes unless it is hopeless already.

But the emphasis in that the investment should be in fundamentally sound assets in whatever asset class you decide to HODL. If it's the stock market, HODL Apple stocks. If precious metals, HODL Gold. If cryptocurrencies, I truly believe everything will go back to Bitcoin, but it will take a very VERY long time. Do all your shitcoinery, and if you're consistent in taking profit, do it with the objective to accumulate more Bitcoin.

     Like you, I don't know how much the total amount lost in conducting trading activity on the exchanges I use. But even if I lose in trading, I also recover at other times when I do my trading activity. The important thing is that we continue to learn and study trading.

     We should not stop learning because if we stop, we will not for sure grow as individual traders in this field of crypto space. Facing loses can help us to grow more and to learn a lot from the mistake we made, at in that way we think deeply to resolve it the next time we do trade again and again here in the crypto space, isn't?

Even though sometimes a person often carries out these activities for quite a long period of time, sometimes he can also experience stress because the rhythm he has learned in analyzing the market so far has not found the right or appropriate one and often he actually experiences failure rather than profit in terms of this trading activity. .

Sometimes the various indicators that we study cannot guarantee perfect analysis, but this can provide us with basic knowledge in carrying out our trading activities. Indeed, this job can increase your money quickly, but the risks are very large. If you experience many failures in trading, it would be better if you just leave this job. To minimize even greater losses, there is no harm in choosing another method that is quite safe in this case, namely spot.

All of us would really be going through that difficult time since acquiring such trading skills isnt something easy that you could really be able to deal with. On the moment that you would really be hovering yourself into the market then it would really be making you that to experience all the possible losing conditions and situations on which you would really be having those thoughts that you should really be quitting up for good. Yes, even myself have been through countless times that i do talk to myself that i should quit up because i have lost too much money but since my aim or goal is to become a good trader then i had made out those loses and mistakes to be my stepping stone and helps me out on sustaining myself on having this very volatile world.

There are indeed things which arent meant for us no matter how hard we do try, but doesnt mean that we wont really be taking up some shot on testing it out
and at least putting up that hard work and been thriving for the best.

Stopping as a crypto trader is an option or not, for those who are experienced, experiencing a loss is a journey that business people usually go through due to the rise and fall of the market in a trade, so in essence playing this trade must have a patient nature, so you will get something he wants.

So in essence, if you have entered the world of trading, you must understand everything in it and whoever tries with great intention will get results.

The motivation is that anyone who has experienced a loss should play this bitcoin trading with persistent and tough intentions because the risk in playing this trading is big so it comes back to each of us, thank you, greetings.

It is good to continue to trade after some losses, but if the losses is huge and it is getting more than 2 or 3 or 4 or more years, trading may not be for the person. In reality there are people that trade and continue to lose. Some people's losses comes from greediness and as a result of looking for huge win, but while trading, they will only experience losses. Such people should just quit and wait for the right time to hold their coins.

reminds me of those whales that plays with meme coin high leverage future trade and ended up losing entire fortune just because they snapped to invest recklessly, it only requires one reckless trade for people to went bankrupt so definitely take a calculated loss where we can still have capital left and don't just bet on entire capital I think that's the rule of thumb.

granted that some people with really high luck making it big with their YOLO style of trading its not sustainable for long, luck won't always come.
like as you said, some people just continue losing and I think that kind of person should be self conscious that maybe they just suck at it and try to find another opportunity. trading isn't that kind of thing where people could just go losing in their game and get better next, it requires capital to start with, anything that require capital should always be within calculation and risk management.

preserves only if we know we can make it I guess. not to mention if it likes the case of OP, losing trading because getting swayed by someone else meaning not really strong mental fortitude.

This is nothing but the truth. We can't be motivating ourselves to keep pushing when what we should do in real sense is quit. Trading generally is stressful to the mental health of a trader, if losses begin to make them feel even more stressed mentally to the point of depression,  then quitting becomes the best option. Trading is not for everyone, there is no point deceiving ourselves that we can handle the risks involved in trading when in real sense, we can't. Everyone knows his or her ability and the level of risks they can take,  not all motivational quotes telling us never to quit should be followed strictly. Knowing when to quit will do us good.

Quit trading but not crypto.

That is the mistake of many crypto enthusiasts. They get into trading quickly and thought that everyone is gonna have the same result.

And then thought that crypto is only about trading.

The best decision is to be a holder and continue in accumulation.

Yeah, don't buy all this crap from influencers telling us 'never quit' or 'follow your dreams' etc

99% of people fail and we don't see them. And 99% of the people who we see look like they're 'making it' are just faking it.

Do what's best for ourselves. Quitting is not the worst thing in the world, if you gain experience from trading, you gavin knowledge, no matter if the knowledge is that trading isn't for you, you learn something.

Only we know what's best for ourselves. I don't trade anymore but I still like to listen to the space and if possible help people in their journey. Too much of what we see out there is irresponsible and wrong, I like to still bring the real stuff in.

I've heard and read a lot about those who are experienced in crypto trading, the current situation bodes well for them doing so, with the terms of trading by having large capital, it is not in the understanding of trading with small capital.

Maybe we can understand it, trading is currently difficult, for those of us who have minimal capital, it takes a long process to make big profits, Because Bitcoin has only moved a few percent, even though there are other types of crypto that have experienced increases of up to 30% or more, very few investors are targeting these coins as a basis for trading in the crypto market.

In the current situation, to do this, we must first have experience, knowledge and a lot of capital. If you don't have that, don't do it, if you are forced to lose, you are near

Mistakes can be natural, or it can be because of the unpredictable nature of the cryptos/market. Given that we are already trading for years, then it is not the first time that we can make a big mistake, so this is not something that can stop us. For those who are still starting, and are not long enough here, yes that they must be strong and try to hold on, when they are thinking of quitting because of that one big mistake. They need to think positive and think that they can still improve later on. Even if we are not making a mistake, and all seem to run well as usual, taking a break is still a necessary thing to do sometimes.

It is an option or a choice, and if we think negatively, we can always end up doing it, but if we think positively, we will always look for an available solution to our problems.

Just as starting a new journey is always an option, quitting it must also be always an option, if a person gets so discouraged by a loss of money that they believe they cannot recover from it, then why force yourself to keep trading when your heart is not into it anymore? Now this may sound defeatist to some, but this is just the truth, not everyone reacts to adversity the same way and they may not be able to take those losses and move on, so quitting is the best option for someone like that.

I love your encouragement and I've shared it many times and still sharing the same with challenged traders, but the truth is that if we share it from now till eternity, most traders, or should I call them most attempted traders will fail. It is good to motivate but to actually preserve the motivation into actualization is the issue. Trading is very risky and the market is cunning, so it is not something that fits the same approach all the time. This is why I advise people that they should be dynamic just the way the market is dynamic. Thinking you can use the same approach for the same result all the time may not always work.

I've been trading for 20 years (that's if the demo trading years are added), but I tell you, my brother, there are still scary moments in my trading till today. Although, overall, I am positive and I can vouch for a very high winning percentage, nevertheless, it is not on a platter of gold, how many people can withstand that?

I must also commend the psychological part you tried to motivate them upon, because the issue with it is the reason why many traders are losing. Most traders are busy focusing and trying to better their trading strategies but the issues may not lie there. The issue could be psychological, managerial or lack of proper coordination ( plan). If one or some of these are the case, no amount of strategy building will help such a trader. Above all, trading is so challenging, it requires huge preparedness, wisdom and smartness to overcome.

While trading can offer us massive profits, but know that it will also constantly rekt our funds if we are not good and capable enough. So I would say quit if you can’t longer hold your losses. Trading is not a do or die, you still have a lot of options to chose from to make you still profitable in the end with zero amount of losses. However, if you are in an investment, losses are highly possible but you can always prevent them if you can handle your investment well.

Everyone is free to trade and try to make it work, but not everyone is capable enough to make it last longer and make it all throughout profitable. So if you think your losses have already outnumbered your profits no matter how hard you try, then think a lot of times if you still want to pursue it or quit it for good.

However, failure should never mark your end but should also serve as a bigger motivation to achieve your main goal. Study more about trading and as much as possible, update your strategies every now and then, maybe there's something wrong with how you handle your trading activity, otherwise you're not really meant to become a professional trader.

No, quitting should never be an option no matter what happens. Someone with enough self-confidence should be able to overcome any problems that may occur when they are doing something and this is not only about trading but everything we do in life. One needs to have belief on themselves that one can do it despite all the hurdles and everything.

No one can be consistently successful in something they do no matter how good they are at it, there will always be ups and downs and times when things just don't work out, but if you give up at such times, you don't really deserve the success in the first place because if you want success, if you want good days, you will have to deal with the bad days with grace and do it with determination and control and keep yourself together in front of every problem.

Some don't like to calm down because they have lost their money they will continue staking they will say they will get their money back and people who are losing massively in trading, I believe they have not gained enough knowledge on the market yet, and they try to text their ability if they will be profitable, but when they lose they will be worried and try to get their money back and when someone is stressed and doesn't calm himself down, he will not understand himself or the loser. Traders who have been in the market for a long time and have experience in trading do not stop even if they lose because they feel they will get what they are looking for. they will continue taking the risk thing they get the reward, and people that didn't stop they will have sources of income because without that they will not succeed on the since if they lose they will still get another capital to stake in the trading to be profitable. And I believe again if someone is not in trading anytime and stop for a while in will still lose because he need to be in trading anytime and be seeing is mistakes.

I believe, that in the current market condition, is when many people start to understand why Bitcoin HODLers want to be Boring Bitcoin HODLers. Because it's easier to persevere through the large amounts of paper-losses knowing that you're HODLing something truly valuable, and something that other users would be willing to HODL with you. It's not like those shitcoin communities, their objective is to dump first before you could dump.

¯\_(ツ)_/¯

Words are much easier compared to action. I know all of these - I have a master degree - I am mid aged man with family, still when experiencing market pressure nothing helped me on preventing losses like I have been acting like emotionally driven trader and nothing will save me except trading. When you are aware of that you can recover your losses from other recourses then you will take your crypto trading losses light and will not keep trying to trade again and again. When you are emotionally dominated and chasing your losses then nothing could help you.

To enjoy the fruits of our own experiences, we need to be emotionally stable but trading will not let us to keep our nerves down. Emotions are triggered and then we forget everything and do act like a naive trade and will bite the dust.

People usually feel more easily to HODL in bull market, they intend to HODL till a very high target price but when market turns to bearish, they missed a good chance to take profit, feel uncertain and will sell some time in a bear market.

They HODL when they need to take profit and sell when they need to HODL. It's bad if they miss some opportunities to take profit around ATH in a bull run but if they missed it already, and recognized it too late when bear market already began many months, it's time for them to HODL and wait for a next market cycle, like 2 years later.

¯\_(ツ)_/¯

Trading is never been easy or any forms of investment or any means of earning money on which you would really be needing to have that skill and experience on dealing up with something.If you are really just that new
then it would really be normal that you would be that prone to tons of mistakes and dealing up with unpredictable space will really be having those inevitable loses. On the moment that you would really be able to experience such things then you would really be needing yourself to be that versatile because if you wont really be that something be having that kind of patience then you would really be ending up on quitting up
because the main thing that you would be having in mind is that you wont really be that progressive which si really that very wrong. There's no one who wont be losing money in terms of trading.
The key on here is that you should really be thriving on making profits in the end of the day or with such trading position.

Quitting up easily will really be just that worth basing up on the opportunities that you could really be having into this market. Yes, its hard but making money
wont really be that something impossible. It is really just that it is really that too complicate specially its really that unpredictable.

I mean depends on what you mean by "quitting" isn't it? If you mean that you will quit trading but keep within crypto, then I do not see that as a bad idea. I have met with a lot of people who just stopped trading, and kept on holding and they all did alright, doesn't mean that it is a guarantee but it is not that bad at all, we should probably consider that as a possibility. Obviously it is going to be tough, and I understand that it is not going to be all that complicated, we should just consider that as alternative.

If you do that then that is fine, but if you "quit" as in you get out of crypto all together, then I would say that it would not be a smart decision and you should definitely find a way to stay within crypto itself.

Trading has some inevitable losses that even professionals still lose in the process. But if you are experiencing the most of your trades losing and it’s already affecting your finances, I think you should already give a lot of thinking to it if you are going to pursue it or quit it for good.

Sometimes, what we expect to give us the best results could probably give us the worst scenarios and turn us into losers. Not all trades are good and profitable, that sometimes traders end up quitting from trading if they have seen it’s not working on them anymore.

Yes, if trading is not meant for you, then move to other options but never leave crypto. There’s a lot of money making opportunities with crypto, all we need is to explore them and develop those knowledge and skills that will make us capable earners in the years to follow. Don’t get too obsessed with trading, you can buy and hold and do the less risky thing, as you will still end up making it big if you are holding a good amount of bitcoin.

If a pleb like us sold because they thought that they missed a good chance to take profit, then they should do what I do - store most of it in cold storage in an offline computer, which will make signing for a transaction more complicated, which would also force the user to "sit on his hands" during a market panic. They should also learn more about Bitcoin and perhaps become a believer in its ethos.


HODL is sort of shorting fiat and the legacy financial system. It's making Bitcoin your back-up/fall-back/insurance policy when the system breaks. If you "HODL" merely for profit, although that's a very small part of it, then you're not actually HODLing for the right reasons.

When we realize that what we are doing will not be able to get any profit after we try as hard as possible, of course it would be better for us to look for other options. As you have said, it is very correct, if we fail in trading then we can try to invest in crypto and Choosing to hold Bitcoin in the long term will certainly give us profits when we are able to collect regularly and when the increase comes it will certainly be very profitable.

Continuing to develop knowledge and skills in the crypto world will of course give us clear direction when investing or trading and with the knowledge we have it will certainly make it easier to make profitable decisions both in investing and trading.

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

On the moment that you would really be tending to have that kind of dealing towards trading then you should really be that making yourself that getting prepared at least on how this market moves and behaves.
On the moment that you are anticipating something different then it would really be causing up that kind of shock on which at the moment that you would be losing money then likely you would really be quitting up
directly just because you hadnt been expecting such loses. Whereas, in compared to those people who had been that trying out to bare up with the risks involved since they've been expecting those loses
but trying out to lessen up the risks on the moment that they will really be applying some strategies or any possible ways and methods on which they could really be able to deal on with.

Bare and survive with those loses and trying out to cope it up gradually. Dont make yourself that being impulsive and act like a gambler because this isnt how this market should really be needing for you to deal with of with.
You would really be needing to be versatile as much as possible and would be that wise as possible and also with having that tough emotions and control in towards it because on the moment
that you would be having that breakdown then you would definitely quit up on the spot.

If you are in the crypto space during the 2020 general collapse of the stock exchanges and cryptocurrency markets, you will see that a lot of prominent traders made a loss of their 5-10 years portfolio but some of them were smart, didn't sold but due to the corona spread and fear among people, some of them sold, I know about a YouTube that is smart and has been in this game of trading all his life but loss everything in a day, tragic loss in trading can happen to anyone.

The quiting part now depend on what really happen. If you are trader and what I just narrated above happened to you, why do you need to quit when all your life has been trading and nothing else. Taking some break wouldn't be bad but quiting is means you are a loser and you don't really rate your trading experience else I don't think there is a need to quit your source of income no matter the losses you encounter in the same businesses you have made more than your losses.

Trading in general whether crypto trading or forex trading has not been that easy for anyone. And for those that are successful in them can really tell more the stories, the big losses, the disappointment and discouragements they’ve had to endure to get this far. Just one big loss should not make you as a profitable trader lose interest in trading. If you’re that successful trader, you can earn back more than what you’ve lost in few trades. Trading is not easy and for you to have spent your time, effort and money into them, you should just have believe that there’s light at the end of the tunnel and you’ll definitely get there one day and when you do, you’ll be compensated for all of your losses. By then, anything about money management, perseverance and would have been mastered by you and that’s a huge step towards been a profitable trader.

There would really be those smarkt and those who had had sold their portfolio on that time are really that having that huge regret on which we know that when it comes to market recovery then it could really inevitably happen because we cant really be just having a market that would really be dumping forever.Whereas, time will come that there would really be such recovery and to those who had sustained and to those who had
panic sell then for sure they are really that regretting into the decisions that they had made out into those years but well we do know that shit decisions happen and its not over as long this market is up and running
then there's so much opportunity that you could really be able to deal with and with those past bad experiences will really be that a lesson learn for you.

It is really just that there are individuals who cant really be that able to make themselves that learn despite of those past events that they had been able to experience.
You would be needing to be versatile and you would really be needing to make out adjustments.

I'm not a big trader or what, but I will just talk about the experience of losing big money like in gambling. I wouldn't say that quitting will be an option if you don't get involved with shady characters like mafia or gang. But if you have like this kind of people surrounded by you, most likely you don't have a choice do you?

As compare to just alone, trading and incurring lost losses and not borrowing from anyone, I think it's better to just stop for quite some time, look at what when wrong and maybe reconsider everything because of not being successful as a crypto trader.

Although there are really that things in life that no matter how hard we do try and how long we've been involving or dealing into but still we do end up on being a failure. This is why on the moment that you've seen yourself on such condition then it would really be best on quitting up for good and look for another career that you could really be able to put your focus with. Just like been said that it would be best that you shouldnt really be quitting up immediately on the moment that you will be experiencing loses because it is really just that part on what you are dealing on with. You cant just trade up without any risks involved.
If you do earn some then you would be losing some and it would really be that totally depending on how good you would be with your trades on which this one will really be that different on each person on how
well they do make their trades.

Just dont make yourself ending up on being a gambler because it would really be just that making things even more worst.Its better to quit up and find another place on where you could make money
on which we know that there are other ways or methods but if you are really that wanting to trade then you would need to sustain no matter what.

I pity those that are able to make with their entire lifetime earnings through trading and with a few mistakes, they're able to lose them all.

It's not a fairy tale but it does happens in real life and I've seen some stories of it and some of them became popular on Twitter now, X.

That is true that it's not yet the end of the world but with those people, it's hard to get up from their feet and stand again and do what they used to do.

But there's no way for them to go but to keep on trying again and start from zero and make themselves heroes again.

Mistakes and losses should not be enough reason to give up but should create more motivation to improve and prosper. But despite all of this, if everything you do still fail and end up with losses, then I think shifting of plans or career is quite the best thing to do.

You can't stay in trading and suffer in losses, but should be more productive and profitable as it should be. When you don't see it happening after all those attempts, then it would be better to accept the fact that you're not born to be a good and reputable trader.

That is the reality not only in trading but even in life as well. If you don't continue and move forward, you'll be stuck with nothing.

Trading has made it clear from the start that it's never easy but certainly tough and hard, the reason why if we aim to be successful traders, hence we have to train ourselves the hardest way possible in order to achieve the heights of success. Otherwise, if we don't strive hard at first, we will only commit series of mistakes until we end up with nothing to trade anymore. This is what happens to those easy traders who think that trading may easily turn into profits, only to realized that it's certainly the opposite.

It's hard to move on but that's how life is. It's true that they need to do something for them not to get stuck because worst might come next to that if nothing is done by that person.

That is why if you're making some great gains as of now, you need to be wise in all your financial decisions. Save for the rainy days as they say because you will appreciate that moment when that day comes.

Be committed to your own hustle and remember that it's not always as good as expected but then, if you've saved enough and wise in spending, you'll thank yourself for that.

Yes,losses normally happen when trading, and as long as you also make some profits aside from losses, I think that's really fine and not something to worry about. Just change your mindset that in trading, one sometimes need to endure losses first before he will learn and improve his trading strategies. But if within 3-5 years you still end up with losses, I guess you have to evaluate yourself again, or evaluate your skill and trading strategies if they are still working or not.

Everyone who trades will of course experience losses in the trades they make either because of mistakes they make in analyzing or because they lack knowledge about an asset they choose to trade and for those who are just starting out, of course this is very normal and good for them. they use it as a lesson so that they no longer repeat the mistakes they have made in trading so that they will be able to make profits in trading and if someone continues to experience losses, of course they will not learn from the mistakes they have made and it would be better for them to try other options. in crypto is like making an investment and this has a slightly smaller risk compared to trading.

Yes, you may be right. sometimes one has to try other things to find out where their luck and skills lie. Being persistent in studying is certainly important. Not giving up easily is the key to success. In investment it is also the same, persistence must be the main characteristic to be successful.
No one becomes an expert in any field without studying and diligently. if it fails then repeat, if it still fails, then repeat and improve again. every failure provides a lesson.

This is a principle that we must adhere to, don't give up easily on something, be willing to try new things and also continue to learn without limitations. If we can do this then I have confidence we can achieve success.
Traders who are now professional traders will also experience the same process, feeling failure is a normal thing in my opinion. But they keep trying and fixing what went wrong in their previous trades so they have to experience failure. There is no instant process in this world, everything takes time in the process. It will depend on us, whether we will be able to get through the process, or we will be the ones who give up halfway.

You should really be putting up into your mind  that if other people could be able to do such thing then why cant you? This is something that i would really be always having in my mind if ever i would really be having those hard times then i would really be just that simply thinking up those thoughts and would really be that tending to continue further instead of quitting. Only losers quit up easily on which we know that trading is never been easy or something that would really be that too challenging. Loses are inevitable and if you are someone whose really that easily giving up then after a few loses
then you would definitely be quitting on the moment that you would be losing and this is something that would really be not that good not unless if you've been trading up for so long but still
ending up on being unprofitable then it is really just that right that you should really be quitting up.

That's very VERY easy to say, but it's absolutely hard to do. The decisions we make, especially investment/trading decisions, are most of the time controlled by our emotions. If a person panics easily, then he/she could panic easily as well. WE should have emotional stability at all times. But how do you have that in investing/trading if your portfolio is full of shitcoins that might crash to ZERO?

https://cdn.imgchest.com/files/6yxkca3aae7.jpeg

The solution is simply to HODL Bitcoin.

you are right, when other people can then why can't they? I think that's the question. Then we have to find out why other people can be successful with what they do, don't they go through a learning process? I said no. Because we only see when they achieve success, but we don't see what they have gone through so far. Therefore, that is the reason why we have to find out more about what they do and feel so that they can achieve success.
because I am very sure that they also went through a very difficult process, but they did not give up easily to get the results they wanted in the end. Some of the reasons why we are not as successful as others are because we give up quickly. I'm talking about this not talking about other people, but I'm telling my own experience, and that makes me better now.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

To make consistent profits from trading is certainly not an easy thing and I have also seen someone like the one you are telling me about and in my opinion they have been very good at trading but they have also experienced failure in the trading they do, but they never thought about leaving. trading because they already know well what they have to do and if they want to return to trading they will of course be more careful and will not repeat the mistakes they have made and you are right it is not possible for someone to learn trading easily of course they have to go through various processes to become a successful trader.

I truly hope that after very large losses, that person who will never quit trading will find some success and actually break-even then make more and profit. Because if he/she doesn't, and he/she has used all of his/her savings, then continues to lose more with his/her monthly salary, there should be an intervention, no? Gambling Addiction may be mistaken for "Motivation" in some situations.

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

Success isnt a guaranteed thing and this is why it would really be that recommended that you should be considering that you would be somewhat realistic if ever thing doesnt come on your way. There's no guarantee of success but doesnt mean that you wouldnt really be finding up ways or would really be doing hard work just because you've been that you arent that making those profitable trades. For those who do quit up easily
then it would be that not a good thing because we do know that learnings come from those mistakes and it would be a normal thing that you would really be needing to apply those learnings that you have gained into those loses back in the past and would really be that making much more better approach into the next trades that you would be making.

The only time that you would really be needing to consider on quitting or stopping is on the moment that you've been trading up for so long but you didnt see any progress into your trades
on which simply means that you arent that doing something good and it would really be just that better that you should quit or look for another career or thing that
to get involved with.

But people should always discern from themselves what's "motivation" and what's addiction. If a person who has been "day-trading" for five years, and still continues to lose his/her monthly salary to the market, then is that truly motivation or an addiction towards gambling his/her salary/savings in crypto? I believe that a normal person would have a point of acceptance that he/she can't trade and would stop such behavior.

I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.

You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.

The main thing that do comes up into their mind is that they are trying out to catch up everything on which this is something that would really be the most common approach on where people would be that trying to cope up or trying to take action with is that despite of being risky they would really be diving in and would really be trying out to make those kind of investment even if it means on touching up random projects just because they dont really like on missing up something and in result then most of those projects or coins are really that kissing on the floor and this is why on the moment that they would really be experiencing such
losing condition or moment then they would really be neither having those realizations or really be trying out to cope up with those loses and make themselves that impulsive.

Risk management would really be that something be relevant on the moment that you would really be dealing up with this market because on the moment or time that you wont really be that trying out to
have that kind of careful approach on things then you would really be that prone into tons of mistakes on which it would really be that resulting in too much negative impact.
So it would really be that situational basing up on someones approach.

One of the main reasons on why people would really be trying out to dive and get involved with meme coins is that they could make huge money or even getting rich on the moment that they would be able to hit up the right spot but as said that with thousands that been launching then it would really be that so hard to spot out on which is one. This is why i do consider out that trading or investing with meme coins would be somewhat be considered to be having some part on gambling approach because it would really be hard to apply any analysis into it on which we know that this isnt something that would be possible into these earliest
time on these tokens are really that into on which this isnt really just related to meme coins but even into those projects.

There's no way that you could really be able to ensure yourself that you could really be that successful on any trades on which is why it would really be that better that you should really
making yourself knows on how to handle up such risks on this regard.