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There are alot of preachings and sensitization about how one should be persistent in the journey of trading and not to give up.

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you

Totally agree.

I’m a trader myself and do have some knowledge on technical analysis but until now I still find hard to become successful on crypto trading specifically futures trading. It’s very hard to incorporate those wild price swing on my position without hitting my stop loss.

I settle now on spot trading only while I’m doing fine and avoid those high volatility tokens.

I also totally agree with this. People think trading can be an easy way to make money but this is not the case for most traders. Any trader that has been trading for like a year or two but still losing, such person should better stop trading.

I always post that trading is not gambling but it is very risky like gambling.

Yes exactly but then even highly professional traders still loose at some point but if ones losses are way more than his profit then I guess there is a problem.The acceptance that loosing is still part of the game wont still be over ruled. You are right trading is really a very risky means of livelihood, it can mess with your mind, make you broke , send you to depression or it can equally give one a better life depending on the individual.

The phrase in the "persistent" as a required exercise in trading doesn't mean to treading endlessly. It's just a key point that'd encourages your enlightenments to learn from your experiences.
And your trading strategies in the prediction markets may not be guaranteed nomatter how strong is your confidence. It's practically a market of try your luck with your own strategies. So your inputs and results will tell if you're advancing to locate the winning points as a beginner and so forth, the positive outcomes will prompt you to be persistent even when you're loosing because you're already seeing your improvements.
It's all about courage in other words, trading uncertainty might be related to gambling where lucks maybe required and consistency might someday bring you the wins.

Trading hasn't been for everyone so, anyone who sudden jumps out of trading as a view of carrier because of consistent looses made the wrong decision from an earlier stage otherwise, loosing shouldn't make you opt out because before you get into the market, you should had been aware about the risks which is where it knowledge is expected to be acquired first before riding on.

Agree, this is realistic advice, because not everyone is suited to trading. It may be investment or even not at all, but if you have tried many times and feel that you have maximized it from learning trading techniques, managing management well and the results are not as expected then there is a need to make peace with something that is not suitable profession.

I gave up since around 2022 when I got so distracted by trading I almost lost my job. Moreover I loved my tech job more than the risky trading process, so at the time of making the important decision of my life, I found out that I couldn't mix trading with my career, so I had to quit one and it was trading.

Beyond losing money, you may lose your sanity and concentration on other important stuffs when you're trading. Additionally, the highly manipulated markets might move against you and blow up your portfolio in seconds.

Some people don't get to quit trading because of pride, they continue trading because quiting it means they give up on what they can't, and some people don't like to give up on what they have started. However it's somehow to give up on what you have started but if it gets to gaining nothing even after a long time if doing it, I think the best thing to do is to quit. Trading is not for everyone. The mistakes some of the people does is that at the beginning of their learning stage they want to make profits.

Well you can't start trading and immediately start making gain or profit, you need to trade for some time in order to gain more experience and knowledge because no matter how someone teach you about trading it is only when you start it on your own that you gain all the experience and knowledge needed to succeed in trading if you start trading and you notice you are not making gain or profit my advice is for you to continue and never give up the more you trade the more knowledgeable you become and the more chance of coming successful however if you have continued for a long period of time and you are not seeing any good achievement then I will advice you stop but trading for a short period and stopping because you are not making profit does not sound right to me.
I have a friend who is a trader when he started he was losing more than he was gaining but he didn't stop he continued and then acquired more knowledge about trading and today he's making profit or gaining more than his losing his now a successful trader.
However if you don't have the mind to risk then just accumulate Bitcoin and hold for long term is the best.

Yes, I also agree, because trading is risky, not everyone can succeed from trading. I've heard stories of some people who have been trading for a long time but can't make a profit, just suffer losses, actually such people should get out of trading, if not then be prepared to lose a lot of money. Now in my case, when I got an idea about cryptocurrency, I decided to trade, but I didn't succeed in it, faced repeated losses so I got out of trading. Actually trading is not for everyone, not everyone can profit by trading but investment is for everyone. So the best way is to invest in Bitcoin with a long-term plan.

That is the fact, not everyone will make it through trading. There are other things that someone can do in the cryptocurrency industry and make it someone can be investor have it. So, if someone tries trading for a short while and it doesn't work, they can just be an investor. In fact, investing in cryptocurrency is even easier, as long as someone investments are in good coins, not shitcoins.

But what’s even worse is that when some people start trading, they don’t want to quit, despite losing all the time with even making reasonable profit even once, It’s because they want to recover the money they have lost. And if someone keeps that in mind, it will be very hard for them to quit trading, no matter the kind of money they have lost. It just becomes like an addiction.

Another point is that some people who are trading nowadays are just eager to cash out big. They don’t even want to learn first they just want to risk it, which is a very bad idea. If some people took the time to learn more they wouldn’t have lost the kind of money they lost in trading despite how hard trader is.

That's why I do keep saying that trading is open for everyone, but it isn't designed for everyone. You can learn trading but of course, only those people really want to know their mistakes and failures can be use as a learning tool to become profitable in trader. If you think trading is ain't for you, there's nothing wrong with stopping at least. But if you are urged to win your trades, give all of your effort and time to invest in knowledge and how properly execute your trades and analyze the market it's not just for market prediction. This takes how does the trader have a good mental and emotion capability on their positions, how they will handle the risk and how they will handle the unnecessary market changes.

When they say trading is not for everyone, its sure is true. One should take it at its face value when he been doing it for years and still have not learned well. H should ask himself whether he really knows how a single indicator works.

Its not yet too late to learn it though. Or he just have to weigh the situation if he needs to learn a new skill for better career or keep wasting the money to prove he is persistent.

Who the hell will continue trading if he can't learn even after a couple of years? It's also not possible to continue with trading in this situation. Because constantly losing funds in trading will force it to discontinue the trading. I admit at the beginning a new trader might lose. And by losing, he will learn and gain skill as well. Otherwise no one could sustain on the trading market.

However, a lot of things are related to the trading. If a trader has good intentions to learn and improve his skill, then definitely he can learn. With a lot of resources on the forum and over the internet, you can find a lot of useful information that will help you to learn. You don't need a physical mentor nowadays. The Internet would be a good mentor for learning a trade. I am not saying follow anything blindly; rather, gather all the information and make your own strategy. Giving up won't be a solution.

You are totally pessimistic about this, which is not good. I like what you are trying to preach though, but this shouldn't be total. Just the same way I love what the motivational preachers in favour of trading are doing, but it shouldn't be total as well.

In all, if many traders had given up, they wouldn't know they can still be profiting successfully in trading, which is why we should observe our nature with the market. Are we fit for it? The question should be clear in a few years' time. But before then, it's wise to trade with a small account size, if not a cent account.

A monthly deposit of $20 to train may not hurt many. This is unlike those who just started trading and are depositing $5,000. The risk is too much, and if they lose, they will likely replenish the trading account almost immediately.

I would rather change the title to: 'Please Give up before you notice trading is not for you!'


If you spend years losing money, you're a fool. You will realise long before you know it that the idyllic life you are being sold that you can get from trading is simply a scam.


I would also change this to: 'please realise that trading is not the only way to lose your money. Avoid all of them.'

Trading skills isnt something that you can be able to learn up in a short time period on which simply means that you are the ones will be neither having that chance to lean it up or just that simply stop because you can be able to handle the risks. If you've been just that recently dive in with trading just because you've seen someone do rack up that huge amount of profits then it couldnt be denied that they are that actually to those who do able to sustain and survive and there are those who do had decided on dealing up with a volatile space. Giving up should be only having that kind of threshold specifically that you are trying your best but still ending up with loses and make out some effect into your daily life. When you are that dealing into something then make it sure that you do set out those risks management.

Just give up some time before you would be able to make or having that skills. This isnt just that talking about on trading but also into other real life situations on which giving up word is something that we shouldnt be that doing. Always best that you should be that sustaining yourself on learning along the way in despite of those challenges that you do encounter or meet up along the way then its just that normal or common sense that you should be that act accordingly basing up into your preference and wanting. Just let those people who do thrive on becoming profitable with trading.

OP is right, I also see others are trying hard to be a trader when trading isn't for them. It's a fact that there could be some other better things for them to do and to make a living out of it. But if they think that they want to stay in trading, they can simply be one of the investors/holders in the market. It's not going to hurt them while doing other things and all they have to do is to accumulate while they can and keep saving as if it's just the same thing that we've been doing like with the banks. But this time, it's with our own wallets.

There is no two ways about this, trading is definitely not a get rich quick scheme, seriously trading takes lots of time and most importantly dedication to actually seek its knowledge. For me going for trading you need to be ready to dedicate some time for it like someone who is going for one year degree program because it is like school itself. But many at Times people fail to understand this and that’s why you see them going for short cuts like paying for signals and losing more money.

Once you don’t have that time for trading or you’re consistently losing then personally the advice is to simply quit because trading cannot be for everyone. There is spot trading or what we all mostly call investing which doesn’t requires high knowledge and doesn’t requires much time doing so many analysis or even daily research, it’s best for someone like this

Newbies are the ones who do think up this way on which they do believe that trading is something that could make them rich overnight. On the time that they would be able to experience for themselves on it, then this is the time that they would be making up those realizations that it was never been easy. You cant directly make out some conclusions that trading isnt for you just because you had experienced up some loses on which we know that this is inevitable. Market is very unpredictable and totally random on which no matter how good your analysis would be but still it wont be that giving out that assurance that you can make precise trades. Giving up on trading would be only considerable if you've been that doing trading for long time and you've seen yourself having no improvement and wasting up too much money already on which this is the time that you would be turn your back and never look back. There are things in life on which no matter how hard you do try or do but still you do end up on having those loses on which it is just that understandable that you should be that stopping and look for another career on which you can put your focus on.

Whenever you do find yourself having no effective or being not profitable into your trading career, then it would be just that right that you should be that stopping or you do already know on when to say that you should stop or quit. It would be just that depending on you on how you do make out such adjustments and dont push up your self hard into something on which you do know that it wont be giving out any impact. It would be best that you should be wary about into the situations that you are dealing on, and not just that trying out to push yourself out of limits just because you do wanted to trade. Just like been said that there are just things which arent meant for us on which no matter how hard we do try but still we do end up on having those issues.

That's why many people on this forum always say that trading is accessible to everyone, but sometimes trading isn't suitable for everyone. Trading is a risky and complex activity. If you've tried various strategies and still experience significant losses, you should give up; perhaps trading isn't suitable for you.

Perhaps you could try investing for the long term rather than trading, especially futures trading. I think long-term investing, especially in Bitcoin, is suitable for everyone, as it only requires a little knowledge, especially regarding wallet security. After that, you just need to be patient until your investment goals are achieved. In essence, don't force yourself to do something that doesn't suit you, especially in trading, which is full of risks, which will only waste time and money, as you said.

I definitely agree with you on this, when you are constantly losing, not seeing any improvement, no matter how hard you try, nothing is working and you are only facing more losses, then you should ask yourself, is this path really for me?

Trading is not for everyone, not everyone can learn trading or the amount of losses that can be incurred in the first stage is beyond their capacity, usually when you first start trading, everything will not go right, in the first stage you will generally continue to lose, but over time this loss will reduce and you will continue to become skilled, but if there is no significant positive change in you and after a long time and after facing many losses, if you cannot do it for the sake of skill here, then you should leave this path.

Trading depends on pure skill and mental control to give you results, which is not suitable for everyone, when there is only loss after year, then you must accept reality and develop yourself towards something else, there are countless ways from which people can achieve countless successes.

Totally understanding what you are saying in this thread.
Trading really can't be forced if it's not suitable and you really can't control the emotions of the trade.

I am among those who are quite skeptical of my trading abilities, Not really satisfied with the results obtained,
and some losses occurred due to the carelessness and panic I experienced.

But maybe being a Holder can still be another alternative for beginners or anyone who wants to trade directly is quite stressful and loses.
Certainly holding Bitcoin and the potential top altcoins for the long term.

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Yes that's the reality, trading is not gambling, but some trades are considered like gambling such as high-leverage Futures Trading and Binary Options.

This is really true. Trading isn’t for everyone, despite of the reality that everyone can enter trading and risk their funds. But the problem is, how long they will have to suffer from consistent mistakes and losses that made them continuously drained. That’s why I don’t see any negativity if someone finally decides to quit from trading, that’s because trading isn’t actually for him. He can still be profitable in other means, but probably not in the field of trading.

This is a realization for everyone who keep pushing theirselves to trade despite of its inevitable losses. You don’t have to do that, find another means instead where your talents and skills are more fit and success would be quite easier to gain.

You are right, some people say that there is always light at the tunnel and that's why they have to remain persistent and for a fact, there could be light at the tunnel but when you see that the trading is not working for you despite the years of being persistent, the person just  need to give up and try something  new. Although, I intend to ask, how long does it take someone to keep being persistent in trading before giving up? Some people say they trade and practiced for more than 1 year before being successful while some took more than that and it can really be difficult to be that patient and losing money during the period.

Trading is not a do or die that anyone who trade should always be successful in the end. This is a very wrong mindset for a trader, simply because not all traders are good enough to succeed in the end, but that does not mean that they will also be failures in other aspects.

There are those who lose a lot when trading but ends up gaining a lot when they simply buy and hold their coins. Or turns highly profitable when they start doing business that is suitable for them. This only proves that trading failure will never put an end to where you have high potentials to succeed, so just keep trying and risking.

That is right. Let us accept the truth that trading is not meant for everyone. Therefore, we don't need to force ourselves into something that we can't afford to adopt the situation and understand the market.

Trading is not a simple job but rather more about technical and deep knowledge of the market. Acquiring skills is a need to succeed. And if we never find ourselves living in this way and negativity is always in our minds. It's better to forget about it rather than pressuring ourselves to trade. It never just incurs losses but also mental stress.

I completely agree with your words. People consider trading platforms as an easy way to earn money. I have seen those who consider trading platforms as an easy way to earn money and become completely destitute after losing their money on trading platforms. So it cannot be considered that trading platforms are an easy way to earn money. And especially if trading does not favor us and if we have to remain in losses even after trading for a long time, then it is better for us to give up trading and focus on something else. Because trading cannot be done by guessing. If we want to trade, trading strategies and technical analysis are very necessary. In this case, if we cannot know these, then we should definitely give up trading and focus on something else.

What a very funny topic but very accurate because this is true, everyone cannot make profit from trading... it's all about finding what works for you, it's not compulsory that your financial stability must come from trading, giving up doesn't mean that you have given up on trying to be successful but you are giving yourself space to think of the next step instead of allowing yourself to keep being depressed over continuous losses

Yes, the reality is that not every trader can learn to trade profitably, despite a year of training. And it depends on the personal qualities of each person and the ability to strictly implement basic strategies. It will be easier for such traders to retrain as investors.

If you are making a living from trading, that's definitely not right, and I tend to agree with you, OP.
Trading isn't for everyone, depending on how they view it, especially if you depend on your daily income from trading, because trading doesn't mean you will always win.  Sometimes you will face losses and need to learn from them.

If it doesn't work for you, it's time to quit and stop trading.
If you rely on trading for your daily living and don't have another job, trading isn't for you.

Yea exactly, the paid ads and adverts has made it look like it's such an easy get away from poverty, it equally  made both newbies and "professional " traders with wrong psychology to invest all their life savings and even borrow just to hit it big in trading.

Most of them have gone into depression and even getting suicidal due to the losses and disappointments.

So of a truth, without sugar coating words, please if anyone have  come to an understanding that trading isn't for them please should kindly quit.

This is not to discourage traders not to stay forever in trading, but this is the reality when all you have are mistakes and losses, but only few are gains. Trading is not the only one profitable, provides life-changing profit opportunities, but there’s actually a lot there, we just have to keep exploring every earning opportunities around.

Reality is, while there are traders who made it into success, but majority are losing. Let’s not sugar coat it, trading is definitely not for everyone who aims to make big changes in their lives.

It's a real thing that taking risk like you're gambling and people who seem to be focused only on earning will look that it's easy for them. But upon going on, they'll experience the hardship of trading. I think even in the spot, we can say that it's also the same as gambling like the lower risk ones but it's not that a lot of difference if someone does that. So, just as we're saying in gambling that people should only trade what they can afford to lose. Whatever it takes for them whether they're just learning at the beginning and only want to test their skills, still apply such rule.

Not everyone dares to admit their inability, rather than giving up they will usually continue to look for other ways to make a profit even though they have to spend money, maybe in the end they will be successful but for years they have to spend money without getting a good return, an action that seems stupid because there are many other things we can do to also be able to make a profit.

If you have been trying to learn for a long time but still face difficulties in making analyses and continue to incur losses, it can be assured that trading is indeed not suitable. Trading is not for everyone. Those who think trading is easy are beginners with foolish thoughts who will waste their money. Trading can indeed be learned, but not everyone will be suitable for trading. One needs to find a method that is more appropriate to their desires and abilities. If you can't trade, why not invest?

Trading requires an understanding of the market, analysis, risk management, and the right mindset. If someone fails to grasp the fundamentals of trading, they are likely to experience difficulties and risk losses if they continue to push themselves. This is why trading is not suitable for everyone. Someone who is always having difficulty in trading needs to examine their abilities to realize more precisely that trading is not suitable for them, after all, trading is not a get rich quick scheme, the network hesitates to stop before experiencing much greater risks because there are still many other ways to achieve financial success.

Self taught learning can lead to problems and confusion when choosing a direction due to limited knowledge. It's important to evaluate the reasons for your trading difficulties. If the problem lies in limited understanding, you need to find the right place to learn, such as a trading course or mentor.

This makes sense, this is more acceptabl,e especially if you really tried to learn. But if you really can't handle everything in learning, can't control your emotion,s and don't help yourself to learn, then the answer is YES. Sometimes, giving up in times like this and accepting the reality is good. Especially trading involves money especially if the money you are using is you can't afford to lose.

Your opinion is absolutely correct it is not wise to lose money year after year in the name of surviving in trading rather this valuable time of life should be used to acquire some other new skill and establish yourself in a different profession. Continuous losses in trading cause mental stress trading is a field where it is very difficult to control emotions continuous failures can reduce a person's confidence and can damage mental health.

Sometimes the rules at the beginning have been implemented well and achieved some profits,
but then all those rules are ignored anymore when they are too FOMO or too panicky when the market price continues to fall.
They do not do trade management properly and correctly, so there is nothing to do when the price is falling.

Especially when it comes to the issue of trading psychology, it is like a distraction that will continue to occur with some panic,
greed and gambling like gambling due to the loss of control and initial strategy.

I once gave up on trading because in the end there was no profit I got,
More losses due to panicking too much and applying the wrong strategy.

Am in support of what  OP said, because trading in the crypto market or stocks market is not for everybody, so if you notice that trading is not for you just give up and Try out others things, like buying bitcoin consistently with your discretionary income using the DCA method and hold for long term 4 to 10 years or longer. For accumulating bitcoin and hold for long term will even give you reasonable profit in return only if you can able to accumulate a good portion of bitcoin and stay patient and committed, so instead of wasting your time, energy and your resources trying out something that you yourself know that you can never be good in it. Doubt because I know that there is a phrase that said that keep trying never give up for you will get it right one, my dear not in everything you must not get it right always and you yourself knows that, so if this thing called is not for you, you know it's not for, but because you are seeing people making money from it you then decide to dive in, my dear they don't dive in like that, because what is favouring others may not favour you period.

Finding out whether somebody isn't made for trading is easy, just find out whether they can control their emotion and urge or not.
If an individual can't control the urge, I bet 100% they'd go broke within 1 years of trading and only losing their money.
Investing and trading is the same, what it take is patience, not just randomly trading based on guts.

That will depend on someone's decision. If he is still okay with that and considering that is the lesson to have a good skill, he will trade without anyone being able to stop him. You can suggest that to your friends but you can not force them to stop and use the other ways.

That is their choice to trade and will have their consideration. So you can only suggest them without interfere. If they can be wise, maybe they will follow your suggestion. But if not, you can leave them but still be beside them to always warn them.

But if someone feels tired from trading, he can take his time to stop trading and do other things that have the possibility of earning money. He can return to trading after refreshing all things.

I don't agree with giving up. I made a mistake in 2016 and I sold my Bitcoins instead of holding them but in 2018, I decided to collect as much Bitcoins as possible and I did that very well, in 2020 I had a good collection but I made a mistake again. In 2021, I made lots of money from the bull market but I also lost lots of money because I started trading, I was actively trading with long/short futures position with high leverage. Long story short, I lost a significant amount of money and I was very hopeless but I didn't give up, I changed my strategy and instead of day trading, I decided to only trade when I feel it's the best time to trade. I bought and sold Bitcoin multiple times with 100% ROI and I earned a significant amount of money this way.

You would be needing up that understanding or else then you are just that basically throwing your money in the water. We do know that when it comes to trading then you would be dealing up with a very unpredictable market on which you would be needing up to be wise and be knowledgeable into the things that you've been that dealing on with. You cant just that dive in without having that proper preparations because at the time or moment that you've beecome that too confident or being rushing up on making up decisions, then you will find yourself having those tons of mistakes and errors on which it will be that causing for you to lose money. There are indeed things in life that no matter how you do but still you do end up on getting those failures on which there's no wrong that you should be that knowing on when to quit and stop on what you are currently doing. There are just that those people who are that pushing over because they do believe that in one day, they would be able to hit up on which its not a bad mentality but it would definitely cost you some money on which you would be thinking up later on that you should have that focus yourself into other things on which this would make you that at least productive or something that do speak about beneficial for them for long term. It would be just that depending on how you would be doing things acordingly because each one of us does have its own decisions when it comes to life on where we do make out those choices on which we do seem that best for us.

totally agree with that. many people force themselves to keep trading even when they experience severe losses, and there is no real improvement. they hold on to statements from influencers who say things like 'the important thing is to be consistent, profit will follow.' in reality, not all failures mean you are getting closer to success. you might actually be repeating the same mistakes unconsciously, and this will only lead to financial ruin if you keep pushing yourself. it is better to just stop and choose a safer investment, rather than continue trading without gaining anything, only wasting time and money.

Honestly, traders who are often losing a lot are mostly the in denial ones. They always think that they will become better traders soon, this isn’t the right time yet for them to harvest all the fruits of their labor. However in reality, this is just a defense mechanism. Traders who are still losing after years of trading in the market have no chances anymore to improve their trading skills and strategies because it’s actually who they are as traders.

They aren’t real, good traders, otherwise they may have gained consistent significant profits from their trades, and not that they keep losing instead and almost ruin their finances until they become homeless.

That is only for traders who have a genuine interest and talent in trading, so they can continue to learn and develop themselves in trading. Trading can indeed be learned by anyone, but the talent of the trader will affect the process of understanding and reasoning from the experience gained. If one has only been trading, relying on instinct for several years, it is clear that trading is not suitable for them. We can try something new, but we must know when to stop when we do not fit with that.

While that is true, it is an emotional thing as much as financial thing. What I mean is that if you "feel" like trading is not for you, like you are not enjoying and it makes you grumpy and sad and angry, then you should give up regardless of the profit or loss you make.

Whereas, if you lose money but still enjoy it, then maybe the solution could be just focusing on the money you could make and studying and learning to be better? That should definitely make it possible and you could do very well. I know it is not an easy choice, but many people would prefer that. This should not be a big trouble, it is simply just how trading makes you feel, and depending on the answer to that, you can know for sure if you want to continue or not.

Trading is a risky stuff as compared to long term investment strategy. Before anyone start trading, it's best for his interest that he fully understand the risks associated with trading. Because it's a well known fact that in trading majority of traders lose money though there are successful traders but small in numbers. The sooner you realise trading is not for you the better it is because it will help you in making decision about your future journey as a trader.

You are right. Trading is one of the riskiest jobs in the crypto world. If you can afford to lose a lot of money, then enter trading. Because trading will just keep wasting your money, just like gambling. You need a lot of time and money to become proficient in trading. You even have to work hard. I can say that the amount of money, effort and time you spend on trading, you can get established in less time and with less effort and money if you spend on Bitcoin investment or any other source of income. When you are losing a lot of money from trading, then leave it. Because the right step is not to be patient in a risky place like trading.

Trading is not for everyone but those who get addicted to trading think that if they can upgrade their strategy then it is possible for them to make profit and they gradually keep upgrading their strategy and keep losing. At some point the amount of that loss becomes very big and then there is no way to recover that loss. So if after trading for a few days and it seems that trading is not working well for him then he should definitely stop trading. Because if he stays there he will only lose profit if it was possible for everyone then trading would have no value. It is very difficult to earn money from all sectors.

Trading cannot be for everyone, a lot of people force themselves to do things that are not really for them and they wonder why they are not making any progress with it. Just because you failed as a trader doesn't mean that you failed in all aspects of life, there's a lot of things that are there to learn. One mentality people have is that if they don't go into trading they can't make the kind of money they wish for

It happens. When there are rules applied but someone who's able to earn enough, so they're forgetting the setup that they have started with. It comes along with that FOMO and they think that they're not going to lose. That's the harder part of it when a new trader starts to earn a bit and then forgets about the teachings that have been told to them. They're becoming more emotional and have a lot of trust and confidence to themselves but in the end, we all know how that ends up if they're not careful enough and won't check on themselves.

This is a good advice, each person is different. There are some people that is good with something or skill in something and some people don't have but also there's a people who are good on both. Trading is not just learning it, understand it and you will be good at it, it's a combination of knowledge, skills and experience and a little luck.

I know someone who doesn't really good at trading whatever they do but I know someone who becomes good after a few months, I think it affects on how do they understand things and possibly what are they approach on the matter and possibly a decision making which are some of the things traders do not have in common.

Yes you are right but here I disagree. Maybe you might be surprised. If a person is studying for trading year after year. If he does not learn to properly observe, there will be some idea in the case of trade. According to Examples, one of my friends has been learning to trade for a year but he had no idea from the beginning. Although he has not yet learned completely and he thinks it is never possible to trade by him. Frankly, he has been taking classes to learn regular trade so far and his idea has changed. He thinks that if a person is behind any work, success will come. And in addition to learning, he is practicing with a small amount of money and sometimes making a lot of money. Although he loses most of the time, in this case I never think it's a waste. Because a person should spend some money for practice.

In my opinion, this has a simple explanation: in a few months, you can become a profitable trader only in a bull market. I think many have experienced similar euphoria, buying an altcoin in the evening and selling it the next day, while making a profit. But as soon as the market turned bearish, they quickly lost their deposit.

People always think since is a short term and fast to get double profit. They will always think is easy process they don't really no that he take alot of patience and focus on before you can be successful on it. Trading will always not for everyone because not everyone can take risk. And if you see he didn't favour you the best thing to do is to find another alternative to invest or probably look for business that you think he can probably work for you. that you can be profitable without too much risks.

Most people that seen they are losing alot have already given up on trading and focus on bitcoin investment, and that is the best option for them because if they didn't giveup they will probably continue losing. if they didn't study more about it and seen where they are mistakes is, but some don't really care to study more if they see there are losing always. Because trading is always unpredictable and you can't guarantee that you be profitable on it so you need to think wisely and see what work for you.

I think this is good advice. Instead of funding money for trading and at the end of the day losing it, it is better to quit trading. The essence of trading is not just about losing; one also needs to make some profit and not just waste money. After learning a skill for a very long time and there is no better result, it means there is something wrong that could be the reason for the losses.

In a case like this, it is better to quit and see where the mistakes are coming from, or just totally drop trading. Trading is not a do-or-die affair; if it is not working for you, there is no need to continue wasting your hard-earned funds.

I think a professional trader never trades without market analysis. Yes, it is true that to trade, you need to have at least a minimum knowledge of the market, otherwise you cannot be profitable in the future. To be successful in crypto trading, it is important to analyze this in depth. If someone does not have knowledge about this, it is difficult to be successful. So I would say that those who are new to crypto trading must definitely examine it well. And start trading with a small amount of money.

If you don't know something, you must learn it. It may be difficult to set it up, but if someone pays attention, then it will not be difficult to implement it. There are many who have lost a lot of money by trading, but there are some of them who have sacrificed a lot to learn trading and today they can be called successful. To achieve proficiency in a subject, one has to stick to that subject. I think this is a simple process to achieve something. But if you are afraid of any particular area and stay away, then it is never possible to achieve proficiency in that particular subject. If you can learn trading regularly and start trading with a small amount, then learning trading will not be difficult.

Why we lose our often to the market is because of our greed and approach to market basically managing of risk, I noticed something that some of the profitable trader use a very low leverage of between 2x and 3x, this way you're going to withstand every market draw down but because we need huge profits we do 5× -10x leverage above forgetting that same way we're targeting profit, is the same way the market is targeting our stop loss.

That's me you just described there. I nearly gave up after several years of trying my hand on trading. I realized I was allowing pressure get to me because of bills to be paid and I would take certain trades I shouldn't take. That made me consistently lose. Nine out of ten trades I took, I would Iose. However, I realized that as soon as I stopped allowing pressure get to me, my level of focus increased and I started getting better at my trades. I refuse to quit because I have lost so much money to the market and I need to recover all that. I took that decision when I saw that there were profitable traders in the industry, not all losers; and none of those traders were born any different from me. I soon discovered that for me to succeed, I ought to battle impatience and lack of skills. Again, I suggest that those who aren't successful in crypto trading should try FX Trading or Synthetic Index trading before they finally call it quits. Don't just quit.

The only similarity between gambling and trading is that they both involve taking risks asides from that they don't have anything in common... Trading involves a lot of technicalities that can be studied and with discipline it's possible to make more profit than losses in the long run. Gambling is a game of probability, the outcomes are uncertain no matter how you try to reduce the risks.. Trading isn't as risky as gambling if you know what you are doing

Giving up on trading has to be from the initial point and not when you’ve spent so much time and resources into it before you decide to give up. Your emotional state could have been disrupted before you would even realise it is not for you. Trading is actually not easy and along the line, many people have up because they can’t keep up with the losses and not see any profit or any sign of profitability coming to you soon.

Trading is not for the weak but also you need to be a tough skin to be able to withstand the many challenges and discouragement for you not to continue trading. At the state you begin to feel gambling vibes in your trading journey, it’s already a sign that you can’t keep up with it and you should gladly let it go before it sinks you off all your money. If you can’t keep up, don’t even start with it.

Trading has been a thing for the hardcore people that thinks for themselves as stubborn set of traders, the essence of been consistent even when not seeing the profits should be checked and examined especially when it's up to 2 years trading and no tangible results to show. Trading is not easy and it's not meant for everyone, despite the technical and fundamental knowledge one could know.

If one should question himself over and over why there isn't rewards in trying this, then quiting should be next option.

Obviously, such a trader is prevented from trading by his own Ego and the inability to recognize the fact that he is not capable of becoming a profitable trader. For others, such a factor in trading, as well as in casinos, is that the black streak must end and they will be able to get a big win.

This is where we have to draw the line between being patient and time wasting. This two are very similar, one can actually be wasting his time and resources thinking he is just being patient. To me, I will advice any trader that is seriously emotional with the way trading is going for him to quit and look for other jobs, businesses or investment that can give him a more stable mind.

Trading is not just trading as non-traders see it. Trading takes lots of energy and mental stress. It steals time and money too. If all your efforts are not rewarding, rather all you get is pain from losses and increasing debts, I see no need to be patient further. Learn when and where to draw the line.

This post is not one that everybody will be happy to see.
A post that's telling traders to give up if trading does not favour them.
We all know there must be ups and down in this trading business, but a post motivating beginners or traders not to quit will be better than this one thats telling you to quit if it's not favouring you.
In as much as a trader has seen someone doing well in the trading business,I think he or she will find it more difficult to stop because he has seen the benefits of that thing he is being adviced to stop.
Therefore, Instead of the advice to stop when we all know that it will  be impossible,it is better to say yes,and keep going because it will definitely turn out good someday.

Absolutely this is right, when you notice you're not profitable or you're not getting positive results in that aspects it's best you quit. But so many others will want to keep trying after all it's said that keep trying till you get the final results but in most cases getting one or two signals that this ain't working, give up on it or quit. Cause if it's not working it's not for you.

Giving up does not actually mean you are totally at loss, but it’s protecting yourself against future losses that you have no control of. My point here, know when to continue trading and when to stop and leave trading. There’s no point moving forward if you know in yourself you have suffered a lot of losses, while there are only few chances that you’re in profits.

Sometimes, the best solution is to give up, while you start exploring another opportunity that could possibly give you massive earnings that you had never realized when you chose to stay in trading.

For me, the term "successful" is a vague term because we can have different definition on it. As for me though, being a successful trader means continuously making profits through trading - something that I haven't achieved despite trading for years already. :D

Some might think that it's that easy to trade. Just click a few buttons and then "BANG!!!" profit, but that's not the reality of trading at all, and it's harder than what many think it is. Like you, I want to settle into spot trading as well, but I'm think "If I will focus more on it, how can I make money if the market goes into the bear  market season", so the best thing that I did was trading on futures still, but now with lower leverages unlike before.

As for the OP, the question is "When will a trader know that trading isn't for them?".

Trading is really a very good business if the trader is able to perfect the skill and develop a working system that is profitable. Unfortunately, no matter how good trading is, it can never be suitable for everyone because trading defines our personality and our approach to life in general. Therefore, it is important we check if trading is actually for us or not. The risk involved and the emotions that comes to play are some of the things that can be used to make such assessment before giving trading your time and money.

Most traders give up before they become profitable. And while losing money is a bad thing, it can also be seen as "tuition fees" to learn to become a profitable trader. Or you can just use a testnet exchange until you become profitable. There are many ways, simply giving up is not one of them.

So I cannot really agree with your advice of giving up. If you have come this far, you may as well go the rest of the road and eventually reach success.

I started out with nothing but losses as well. But I did not give up. And I do not net any losses anymore. Or at least very rarely.

Without trading knowledge, no trader can survive in the crypto market for long. Being able to analyze the market correctly is the main tool of trading, if a trader blindly follows someone and takes trades, then there is a possibility of his downfall very quickly.

The biggest mistake newbie traders make when they start trading is following various influencers and buying various coins they share. And in this they face huge losses. And that's why you have to spend time acquiring knowledge to make yourself a professional trader.

What kind of advise are you giving to those that are having difficult time in trading.g profitable? This is very absurd and I hope you change your thinking in case you have sunch kind of mentality. If others can strive and make it as profitable traders, why you they not try their best rather than. Thinking about giving up as traders.

I don't support your opinion about people that are not that profitable as traders. Trading is not a skill that you will start making consistent profits from which is why patience and continuous learning should be what we should be doing when we notice that profits is not coming like the way it ought to be. I don't believe in giving up as traders. If everyone gives up immediately, what will be the fate of those that have not started trading?

There is no argument trading has never been for all its needed some good skills with understanding of risk management and knowledge because if you have nothing about this surely you are going to ruin your funds with time and energy.
In recent time due to social media many started their journey and having influencer which give them tips which are surely having worth, but trader always needed to do his own search as well because without doing any paperwork it's never going to work.
Newbies fall down because they are having too many expectations which are surely due to hype or advertising which encourage them but never give proper understanding of this trading after having early loses peoples drop this idea which give them setback and usually after this fewest people have success.

For me, skills and experience aren't enough for you to become a successful trader, i think even a well known trader are still experiencing loss in their trades from time to time. It's not about skills and strategies alone, people should have their own risk management and how they plan their trade. Also, trading should not be your main source of income as it doesn't guarantee profit as often.

If you take risk then you won't have that skills and experience. You will have to go the a point that you are uncomfortable and see how it goes. Others might find it very hard though, so they gave up trading. Maybe there are a few who doesn't gave up even if they losses big money until to the point that they might have thought that it's not going in their way and so they stop and strategize or even really quit. But I do agree that it's not for everyone, trading is really very hard, others might sound as if it is easy, but it's not. You really have to go into several stages here and passed before you become a successful trader and not it's not a easy path. Maybe there are good people, but it's not for everyone. And I think that's part of life itself, there are things that are not really meant for us. There could be other things in crypto that will fit the most of us just like accumulating and HODLing.

Thank you for your contribution but the idea is not to make any one happy or unhappy but to tell the truth because there are differences in our personalities as humans. If trading was a an easy financial freedom for everyone then everyone will be on it.

My opinion is that the early realization that this is not for you after several trials should make a wise individual have a rethink as to take a different path. The Individual's sanity and life is more of priority than emulating a different path out of excitement of its expected benefits. The individual can just invest in Bitcoin or other currencies and spare the stress of analysis.

Op message may be directed to those not making profit after some time in trading but the fowl part about his message is that he forgets that everyone has different years they spent developing trading skills before they started making profits. For some persons it could be 2 years, other could take 5 or more years before they get to start putting things right. So coming out straight to discourage people from venturing into trading is really bad.

Yes, that's true. Every trader takes a different amount of time to succeed; some take a short time, while others take a long time to succeed. Giving up might not be the right word, especially if you've already been involved in trading. It's more appropriate to pause and evaluate everything while continuing to deepen your trading knowledge. If you do trading well and correctly, I believe there's time for us to achieve profits.

Furthermore, I think all traders experience losses at the beginning, and some even consider quitting. However, as they continue to evaluate, improve, change their mindset, and their strategy ultimately succeeds. Trading can't be rushed; everything takes a process, and that process must be done correctly. So, when you have entered the world of trading, giving up is not the right decision, in my opinion, it is even a very bad decision, as you said.

I agree with you, trading is a subject where deep knowledge and skills are required and depending on these you can achieve success, but acquiring this knowledge and skills is not a matter of short time, it will definitely take a long time, and at first a new trader cannot become skilled, in the first situation he will have to face losses naturally, and he will have to learn more deeply from that loss, when a new trader sees every loss as a new way to learn, then at some point he will definitely be able to master himself here. So, one should never be discouraged by all the natural losses that will happen in the first situation, but one should learn more deeply from them, and one should keep trying with patience, then at some point he will definitely be able to succeed, but if you give up here, you will be deprived of its success.

Giving up isn't necessary if you follow a few simple rules. First, the trend is your friend: never open short positions, only long ones. Second, trade without leverage.

Let's say you bought Bitcoin and you're at a loss. Just hold that position; it will eventually turn a profit. Save up some money and start trading again. Even if your second position also gets stuck at a loss, it's not a big deal. You'll simply be following a DCA (Dollar-Cost Averaging) strategy.

The main thing to remember is that all your losing positions will eventually become profitable, giving you time to practice various trading strategies.

You would be needing up to be that having the knowledge and the skills when dealing up with the market on which you cant just that make yourself dive in with trading without proper preparation. You would be needing that sufficient step for you to analyze things on whatever the things that you would be able to encounter along the way and not just that making yourself that dealing up with it without any analysis or idea on what yo uare that doing. Mistakes are normal but it doesnt mean that you wouldnt be that trying out to lessen up that risks. Its the most important approach and something that you must consider for you to sustain yourself into this unpredictable space. Its true on what other people been saying that if you do find yourself having no progress or your do keep on losing money despite of the hardwork you've been doing and on the adjustments that been applied but still you do end up on losing then it i just time that you should be quitting and look for another career. There are just that things that arent meant for us no matter how hard we do try. There would be just that those times that we do become that too impulsive and emotional on which we do become a gambler instead of a trader.

People always underestimated trading because they sometimes think  that they will be able make money from easily it is more difficult than they think, because you have to go to another school learning how to trade because the number one rule is for the interested person to go for knowledge first because the moment you don't learn first it is just another waste of time.

Because people are trading because they want to make money but when it comes to the sacrifice to be paid they don't even pay attention and that is why I like what you said that gambling is not for everyone and there are people that have wasted good money and it's good that they did not give up but there is another reason they should not give up but rather they should look for were the mistake is and from there mistake they will have more experience because from mistakes comes lesson. People like to compare the two trading and gambling and the thing is you can not use both psychology to to trade even if they are both risky.

Yeah, yours is definitely better approach. Just because you are not good at something, doesn't mean you should stop, nobody is good at something on the first day, it takes time to get good at something and if you do a fine job then you will get a better result. It's clear that we are not going to get a better result all that easily, because we are not going to get a better result that simple. We should focus on how to get a better result by learning and keep improving. Experience is also a great teacher, plenty of people make a lot of money from the moment they start.

We need to realize this isn't easy and you can't make it happen, it just doesn't work. For it to work and be better, we need to realize things aren't always that easy and you can't give up as soon as it becomes hard.

Throwing money in the water seems like a good way of explaining it. But even then, if you are quick enough, you could get it out and dry it, with trading, if you have no idea what you are doing, you are burning it. That is basically why we have "burning" in the crypto as a mechanism, to get rid of some of the money, and when that happens, it's true that it's very valuable.

Not really sure how much of everything is burned, but CMC doesn't calculate it much, they don't really make it obvious, so we d onto really know. But in reality, I am sure a lot of bitcoins are burned, and price per bitcoin should be higher. Trading is difficult for people who are not in love with it and only doing it for money, I still support that thesis.

I share your thoughts @Lida. OP's advice might sound correct but it's not totally true. There is I no generally acceptable duration that one should trade before he would conclude to quit or continue. We have heard motivational stories of people who failed in a field for many years. But they were determined to succeed and at the end they achieved great things. This message could discourage someone who might be destined for success in trading.

But for those who have refused to keep learning and upgrading their trading skills, they should consider leaving. This is because this field requires constant learning.

If you have been learning well for a year or two years, you should have a very good strategy for yourself that will help you minimize your losses in most trades you will have, but if you didn’t learn well, there is no way you can stop losing money to trading. Some people are just there trading without knowledge and experience despite the time they took in learning some analysis; these people are always greedy and don’t learn from experience, and they should be the people to quit trading because it is surely not for them.

If you can learn well and understand the basic concept of trading, both the technical and fundamental analysis, you can keep trying; but if you noticed that you are not understanding anything about trading, stop wasting money; you should rather invest in Bitcoin.

What about the advice that if it isn't working for you now that you shouldn't quit but Keep trying and one day you'll get success. If everybody that was trying and not make it gave up when they were in that stage, we won't be having lots of rich people in the world. It's only when you don't have an interest in gambling but only doing it because you want to make quick money that you should quit if things aren't working for you. There isn't any professional trader that started from knowing it all. They all has times that it wasn't going smoothly for them but they didn't give up and that's why they're now known in the industry as big traders. Trading is a journey and it takes time before you get to your destination.

You have said something important, many people think that trading is easy and that it is possible to become rich within a few days. But the real truth is that trading is not an easy thing at all, it requires a lot of skill and risk. If someone trades for a short time and takes risks without analyzing it well, then it is not right for him to trade. Making money from trading may seem easy to you, but it is very risky. So I say if you cannot afford to take risks, then trading is not for you.

You are right some people feel that trading is so easy and that you can become wealthy if you start trading which is not correct, trading is difficult and very risky if you are not careful as a trader you will lose a lot of money and you will even be in debt, I always advise that if you want to trade use only your Discretionary income to trade so that it won't affect you financially when you lose, I have a friend that went into trading just because he saw an advert on Facebook that you can become very rich through trading he decided to start and when he did he started losing a lot of money and he stop trading.
Before you start trading you need to learn it very well keep an open mind when learning it don't allow money to be your focus at first try to know how it works when you do then you can be making money but if you carry the intention of making money first then it will cost you a problem of financial loss trading is not easy so you need to be very patient and consistent when trading, and lastly just as you said HistoLock if you cannot take risk then don't go into trading.

You spoke my hear out to be honest. Over the years, I have been trying to trade and have been successful to hit some good trades but overall my trading journey was not that great.
I have made losses and if we see the total of all my trades then I would be in a net loss. I have accepted the fact that trading is not for me.
I am pretty good at holding and so I believe I am good at long term investment and that has given me pretty good returns.
This is why I give up trading and prefer to hold my coins.

Do you know that some persons can just view a trader and all his assets and just wanted to go into trading as well, so funny,  been well established is even better than been broke before embarking into trading and also not putting all you have got in it if not you will be shattered and frustrated

I agree with you. Actually, quitting trading can also be recommended if someone truly can't understand trading properly, even though they've studied continuously and invested a lot of time, but they still don't understand, resulting in continuous losses. This is real and happens frequently. Some people are like this; no matter how much time they spend trading, they still fail to understand it. That's why many say trading isn't suitable for everyone. If they have a slow mind when it comes to understanding technology, especially crypto, then giving up is the right choice.

However, if they're just a beginner and often lose, but they haven't gone through the process and time, it's better not to give up; they should learn more about understanding trading properly so that they can gradually improve their trading activities. Because success in trading takes time and a process, and if the process and time haven't been completed, giving up isn't the right choice.

Lessons could be learnt up in the end or its always been on the later part on which outcomes and results would be basing up on how you do deal up with things accordingly and since we are speaking about trading then this could actually a skill that could be able to changed up your life completely on which this is where most noobs do have that impression that this is something which is that very easy to obtain or achieved. On the moment that they would be dealing up with trading then they would be having all of those positivity not until on the time that they would be experiencing out on how this reality works then they would be starting out to realize that it was never been easy and it would never be. You would be able to have those realizations that its not something a skill that you can be able to learn in a short period of time. You would be needing up tons of time and effort to be put up before you can have a good grasps into it.

Just like on what most people been saying on here that there are things on which arent that meant for us no matter what we do and thats why its important that you would be making out those realizations first before you would be able to find yourself that being wrecked up all way through down. Be sensible into the situation and look up for the possible ways that you could be able to get away and deal up with another career.

This isn’t a negative implication, but a positive one. In fact, if you give up on something that you aren’t fitted to, hence you are opening an opportunity for something that might suit for you this time, whether it’s buying or hodling alone, that’s actually fine because you’ll get the same profits in time as long as you chose to become a reliable and patient investor.

Trading is certainly not easy but a very risky one, so think a thousand times if you want to enter trading or settle with a less risky and less stressful crypto activity.

Yes, there are many different stories about success and part of that successful journey are those tough days that a trader experienced before they managed to figure out what's fits for them in terms of handling pressures and failures, once they overcome those kinds of interruptions they'll be able to stand up and make a better decisions, though it's always up to the person itself whether to push forward, or simply give up if he feels that there's nothing more if the outcome still the same.

Glad to have you share in my thoughts mate.

You know, this is so true about those that refuse to improve in their trading skills by working more on them but just want to see an overnight positive result. Instead of them wasting away their money they should quit and leave trading for those who are intentional about it and knows what they want and are learning constantly about it.

This is just a proof that it’s not at all times that trading will be more developed and will be more profitable in due time after years of trading exposure and experience in the market. Sometimes, you have to evaluate yourself whether you are trading for profits, or you are trading at a loss. Otherwise, if you leave trading that way, you will suffer from losses consistently until you eventually ruin your finances and spend all your hard-earned money without guaranteed good returns.

I don't see any need for a trader to give up because he's not getting the kind of results that will spice up things for him. Trading is not easy and we shouldn't think that it's our right ans obligation to get the best from trading anything we enter the market.
There are people that have lost fortunes in trading and their still trying their best to get more out of it. This is not a scheme where you will learn and start making money after few weeks or months. Trading is complicated and that's why we have been seeing people lose money while others are making money from the market.

Today we will hear about people talking about patience and how it is the key to success in trading. Tomorrow we will hear another set of people encouraging one not to be patient, but quit if they are not making profits.

At this point, I will advice everyone to stick to what they believe and face the consequences if any occurs. There are lots of confusion already on this issue, listening to every advice and recommendations will likely lead one astray than help them. Trading is risky, that's the truth. If you have the capacity to handle the risks, carry on with it.

Complicated indeed, though there are still lots of traders who keep trying their best to find the right sets of strategy that will developed more established winning position, always depends from how you percept things and how will you execute your strategy, their are patterns that you can follow strategy that experienced traders shared but the executions and timing is always on you.

If every trader starts giving up, that means the number of traders in the crypto market will depreciate which could reduce the volatility of many crypto pairs leading to stagnant market. This is what we don't want because those traders in the market, trying their best to make a living are actually adding liquidity in one way or the other to keep price fluctuating.

Any trader that will ever think of giving up is doing themselves harm of losing everything they might finally get if they keep learning and improving their strategies to become profitable. Giving up is a no, and we should always improve by all means to make it becoming a profitable trader.

But we know that you need to be patient with developing your trading skills if you want to earn some profits in the long run. There is no magic about it that you must have to give it time of dedication. If anyone thinks that quitting will make them feel better then that's cool but if you really want to be a better trader with higher profits and fewer losses, you don't get to achieve that in a short time of starting to trade.

I am mostly interested in doing what would make you feel better, at least you would be making efforts to protect your metal health than lying to yourself while grieving about your losses. I truly understand the part about taking out quality time to learn alot about trading before eventually starting to trade. However, what is still confusing is "how long should a trader be patient when he is consistently making losses?" This can be frustrating and challenging at the same time. This is why the trader must take the decision to do what makes him feel better.

Wish more people knew this. You can't become a great trader just because you want to, that is not how it's going to work. It is not really ok to think that we can be an awesome trader in 3 months. To get this working, you need to spend months on getting better, first you need to study to become better because there are a lot of stuff we need to study and do better job. But that doesn't mean that we are going to get a great return, it is going to get a better return when we can do a better job.

However, not only studying is enough, after you studied, you are going to make mistakes while trading, so you need to go back and see what these mistakes were, and why you made them and learn from them to get better and not repeat too.

Trading is also dangerous but there's a system to it that makes it profitable than gambling. The problem why a lot of traders end up losing is because they don't follow the rules. When trading the financial market it's important to always remember that it's a step by step process. Trying to make money fast is going to make you lose money rapidly. But like you said it's best to stop when you are losing consistently

Too many people learn to "give up" in this generation. It is not the solution to give up that easily anytime you see something difficult. This is crypto and you are going to make a lot of money from it if you are great at it, so you can't expect it to be that easy. How can be something be easy and also make a lot of money at the same time, of course it will be difficult and of course you will have hard time about it.

So you need to understand that it's going to take time for people to make money from this, learn it, study for months, then small deposit to gain experience for a while, only to become great later on after probably a year or more. If you do that then you will get better results, but you can't give up early on just because it's boring or difficult.

I agree with this topic, when a field actually harms you in the long run then there is a possibility that it is not for you or you are not suitable to pursue that field especially if the activity involves money and risks such as trading where you will not only lose money but also valuable time, but on the other hand what may be quite confusing is how to measure whether the field is suitable for us or not, and at what point we should stop, I am a little confused to measure this part, does anyone here have an argument to explain this? at least some indications. ;)

I believe that one of the options to measure whether a field is appropriate is the consistency of your progress and how you manage to cope with the various stresses that it poses without necessarily being so much of a burden to your health or personal life. The fact that you continue losing more than you win after a long period and experience constant feelings of fatigue or nervousness may be the evidence that it is time to take a step aside. In other instances, a temporary break may as well enable you to look at things in a clearer perspective before resigning altogether.

It is definitely more profitable if you can make yourself fully proficient in trading, a person who has mastered trading is definitely achieving success, but most people cannot be patient enough here and cannot learn trading, which is why they fail. I definitely agree with you, trading is dangerous, but it is much more profitable but only for those who can trade properly by adopting the right strategy. And in the first stage, losses will generally continue to occur, we all know this, and we have to make ourselves more proficient from those losses, but it is true that when there are continuous losses, it is the right decision to take a break and re-evaluate the strategy.

I perfectly agree with you. Trading is not some instant way to make money rich and most people rush in without learning or putting together a plan. It is as risky as gambling, but the main distinction is that trading can become profitable under the rule to rule and discipline. It is natural to lose–and when that begins to occur multiple times it is a good idea to take a break and reconsider your game plan rather than trying harder. Accepting losses, well calculated like I say patience and constant learning is what distinguishes the prosperous traders and the ones who end up losing their money.

Basically,it depends and before before giving up completely one should pass through a self test wether is because of one's poor personal skills,impatience to adapt,lack of discipline or having to work with premium poor strategies all the time.Sometimes,the answer is not to quit,give yourself time to adapt with different approach,learn, unlearn and relearn.Put in the right energy that aligns with the skills.

Hmm, okay, the conclusion I can draw from your opinion is that a trader can start to withdraw when they feel tired and without any progress, especially in terms of making profits. That's quite reasonable. The key words are "when we feel tired," and also when we are unable to correct the various mistakes we've made that often lead to losses.
But sometimes, not everyone can just withdraw. I'm sure there will always be some who want to recover their lost amount before finally quitting completely. This inability to accept the loss of money is usually dangerous, because instead of achieving recovery, the amount of loss will only increase.

It is necessary to persist, however there are occasions as well when it is sensible to understand that something is not working out and instead pursue a new direction. Not everybody will find this suitable as trading requires much time and money before the individual begins to get things. Your energy may be put to better use learning a new skill or doing other things to make ends meet in its place, should trading just not work out. Being realistic and adaptable with whatever it is you set as your goal.

I think if someone loses more than they gain while trading, I would advise them to quit trading. Because trading is risky for those who cannot analyze technically and have a proper understanding of the market. There are many who trade but do not have the slightest idea about when the market will go up and when it will go down, they should not trade. Successful traders also face losses but they are so experienced in it that if you lose once, you gain ten times. If you always lose, then quit trading, the rest depends on you, it is true that it is risky that day. It is not right for everyone to take risks here.

You know, OP, people have different reasons for getting into the world of crypto trading. Some get into it because they want to learn how to trade, and getting a profit from it is a given.
As a newbie in this field, you should be aware of the situations you might face here.

If you don't think about these things, it's not surprising that your emotions will take over in unexpected situations. In short, you have to be a risk-taker here, which is why people
often say you must know how to properly manage risk.

Trading is all about risk-taking, so as much as possible you have be a risk-taker in the first place for you to maximize reaching your goal in trading. Now, the question is, are there chances for any not risk-taker to succeed in trading. It depends for me, since trading can be learned in time as well as the risks that are involved when trading. But as long as you know your ultimate goal why you trade, then you should adapt the required knowledge, skills and strategies, and even building yourself on how to manage calculated risks.

Agree. Trading requires specific skills, not everyone has the skills. Trading also requires a lot of time for analyzing the market trends and potential coins/tokens. If someone doesn't have these matters, it is better to focus on investment. Sure, trying for few years is surely enough to prove our ability in trading whether it is suitable or not. If we tend to get losses than profits, it is better to try another one (ex: investment).

Yep, trading isn't the only way to earn money. There is another option, investment. Some people even prefer focusing in investment since the beginning because they assume trading isn't very suitable for them. Well, we can't force to do something that we don't have passion or skill on it.

If they have that extra patience and enough available spare balance, quitting is not a good option if they are into learning things to improve their chances, though not everyone have that good insight as if do then there's no one who'll going to trade since in trading there's always positive and negative outcome, timing and good control on both finances and time, if you have that correct balance then you may continue and might possible to succeed, no assurance but chances is not by far.

We do know on how patience works and on how important it is when you do make out some trading on which we do know that timing could be everything but of course there are times or moments that luck would be also a determining factor. Im not saying that you would be needing to rely with luck since this would be that totally that against on the principle when doing trading or investing because this isnt gambling that you would totally relying on with it at the time that you do make out some engagement. We do know that everything which is too much will be always be that bad and this is something that you must consider. There are just that those times or conditions that you've been that too optimistic on things on which you do decide to hold up your position no matter what even if it means that you are missing out those chances that you can at least be able to secure those gains at at least.

Just like on what most people been saying on here is that there are things in life on which that no matter how hard you do but still you do end up on failing and its something that you do need up to consider. Quitting isnt talking about being a loser but rather you are just that being wise on taking up some actions just because you've seen it that its not feasible already. So it will be that up to your own decision making on which one you do seem that will give out that better situation or outcome into you.

Newbies do not even know the rules, or how they should trade, so giving up at early stages without knowing what they are doing or they should be doing would be a bad idea. I disagree with OP and he is making a big deal out of trading like it's something some people can do and some people can't do. This is why it's not that easy to make some returns for the benefit at the moment.

I can't really see a way that newbies should give up without trying more it's obvious that we are not going to get the results that we desire, and because of that it would make more sense if we could just make a lot of return with the market that we already have by trying to learn more and grinding until we are good, even if with small amounts.

You don't need to give up on trading when losses occur in your trading, than to take a break to find out what is the causes of the loses and you will surely find solution to your failure. I know some newbies will listen to the preaching for traders to give up on trading whenever they are experiencing losses, because the newbies will be thinking negatively on losing but those that have the knowledge will not think negatively on that situation.

If you are not getting it right with your trading, just relax and search for a potential mentor who will be advising you correctly on what to do when you are about to trade, and it will be hard for you to give up on trading easily because your winning will be more than your losing.

This seems like the most hilarious post I have seen this month, in as much as it's very true, as an individual I sees giving up as surrendering, that's why I hardly accept the fact that am giving up on something that I knows that might pay off if I can get it right, but generally, the op is actually right, trading is not a do or die affair, it's very painful when you keeps on blowing account after account, wasting money that would have been used to help yourself in one way or the other, so if you knows that you can not afford more losses, just give up.  ;D ;D ;D

I can still remember how I feel when I lost like 70% of my salary to trading, that was in my early trading days, I lost the money the first week I was just paid, and the month ending is still very far ahead, I started asking myself so many questions in front of the mirror, but I never gave up after that terrible experience, looking back in how far I have gone, I am glad I never gave up then.

You would be able to realize things when there's nothing left on you. Its not bad on having that kind of perseverance within you or deep inside on which not giving up kind of behavior is something a strength that a certain individual could have on which is not to give up but of course you would be needing up to be that sensible into the things that you do. Trading is hard and not something a skill that you can learn in a short time but there are indeed things in life that you should be giving up because once you would be that forcing up yourself on dealing up with it despite of those bad results then you are making things more worst.

If you've seen yourself already burning too much money then it would be just wise that you should be stopping on doing or engaging into it instead on trying to go on forward then quitting isnt always that been bad. Dont wait for things to become severe because you would be that truly regrets at the time that you would be having no money inside your pocket. Trading isnt only talking about making money but also its a way to burn up money specially if you dont know on what you are doing with it. Always be having that preparation on the time that you would be dealing up with something and not all the time that results will be always that positive.

This piece of advice is actually very easy to understand, yet a lot would still prefer continue struggling and try all the potentials they have just to trade successfully and profitably. In the end, all they have are just maximum losses, but only few are gains.

My question is, how long we’ll continue to suffer from losses and realize that trading isn’t meant for us? Because I don’t think majority have understood the real meaning of trading. Although they probably understood it, but they haven’t realize that they’re incapable for it. And the more they pursue trading, the bigger the losses they will continue to face.

There's certainly no chance if they don't take any risks. However, it's important to remember that effective risk-taking must be supported by adequate knowledge and preparation, such as understanding the basic concepts of trading, such as technical analysis, fundamental analysis, and risk management. Yes, every trade doesn't always go smoothly every failure has a lesson. We should record every failure while trading so we can change our approach in the future. It's important to remember that taking risks doesn't mean acting recklessly. Proper risk management, such as setting limits and conducting in-depth analysis, can help minimize potential losses.

The main point of the presence of crypto in the wider community, initially functions and created for the community as an alternative exchange tool is the main goal of course the situation is carried out with the help of the internet, to facilitate users without the hassle of waiting for the queue or third parties.

Over time and utilizing existing technology, crypto assets are used as investment assets for value protectors of course from various effects such as inflation, but if crypto assets are utilized as trade assets, of course that is another thing.
Meaning: Anyone who carries out trading activities is truly those who have knowledge in that field, because the purpose of the main crypto assets is not for trade.
It is wrong for them to be laying that trading knowledge goes into the market and doing it, it's the same as throwing away their money, so it's natural that it is not an expert from them should stop and do something else.

First, we must understand ourselves. This may seem easy, but trust me, it's a time-consuming process, as we'll be battling our own ego. Unless we understand ourselves in general, we'll experience high expectations unbalanced by reality, especially since we know the risks of trading.

Sometimes we don't accept what's there. I mean, when we think it's difficult, we resist it. This is actually a good thing if it's coupled with other good practices, like continuing to learn and so on. However, the problem is, some people resist it unwisely, such as hoping for luck.

You are right, traders can take risks when they understand how much risk they can take. Without knowledge and experience, traders who take bigger risks are just gambling.
Traders can keep trying and not give up on learning to trade. But they also have to know their limits. Trading can indeed be learned by anyone, but not everyone can trade well and make a profit.

Giving up, could be not because you lost, but because you do not want to. Like I gave up music years ago, not because I couldn't, but because I realized that's not what I wanted to do in my life. Bad experiences also could shape, not because you are bad at it, just that you do not like what happens when you are good at it. In any case, giving up on trading just because you are bad makes sense if you have been doing that for many years, after all you are not getting the result you want.

But if you really want to, then you could do a lot better on the long run with what you do. That's the most important part, as a newbie, people should keep trying, newbies WILL be bad, that's how you start, but then rest is easier and you can do a good job. Most people fail at that part, and they do not realize what could go wrong.

Yes and this is why trading is not for everyone, or even if everyone comes to trading, not everyone can achieve success here.
Trading will never bring you success as you expect, The more efficiently you can trade by managing the market here, the more you will be able to achieve success..
However, it is never easy to use the right strategy by doing market research and observing market movements.
Because market movements are very difficult, many times due to a small mistake in market research, your entire trade can be ruined, as a result, you will have to face losses in the end.
And this is why you have to learn the right lesson from every mistake, cause losses will come very naturally.
But you have to be more careful from every loss, and be more careful about that in the next trade, so that the same mistake is not repeated.
In this way, you have to make yourself skilled by gaining long-term education and gaining more lessons from each mistake, it will take a lot of time but at some point you will definitely achieve success.

Most people think that since it works for one it'll certainly work for everyone. It just seems like putting your effort to getting things work out well but all plans to put that in place is futile cause it may be due to a failure in the planning system or mis preparations and all that. Besides putting your time for something that's not working is a sign that you ought to give up and try out something else.

Some of my friends are give up to trade and leave crypto world because their trading statistics doesn't go well but being an professional trader could be a dream for some people i think we cannot be blame the people liked this especially some success trader can make living and show off their asset which makes those people inspire by them and hoping to gets success too but in fact the current reality is those who can be called as the newbie and attempts to being an the trader most likely to gain loss rather than money so this condition makes this job is not for everyone especially to be a good trader it took not only skill but also strong mentality to faced the volatility of market

In my opinion, what is more appropriate is that you can decide to stop when you have spent years in the world of trading but don't throw away the results at all, at least when the process you have gone through has been more than 2 years and then you can decide to stop, in my opinion that is the right measure to conclude that trading is not suitable for you, meaning that if for example you have only spent a few months then I think don't stop yet because you are still in the process of adapting and learning to absorb the various knowledge you have learned, the reason is because trading is not something that is easy to learn and understand.

Exactly, it can be learned but not everyone will succeed, there are fundamentals that only real traders will managed to establish and will give them knowledge that they need, you can push for more experience and work well with your skills, and if fate destined you to be a successful trader then it will be a fortune to you, but if not, then you should also have that decency to accept and move forward looking for alternative ways to earn.

There are some things you need to consider and one of them is how long you have been trading. Don't expect much results when you are still in the beginning process. Some people give up halfway into their trading journey  because of their expectations .if you find it hard to become successful in trading that's not an excuse to give up, you just need to modify your strategies and find something that works for you

Yes, taking risks without knowledge is very risky and we will definitely lose the direction of our trading goals. By combining all the methods you mentioned above, it can provide a more complete picture and help in better decision making.

Using multiple methods allows traders to develop multiple strategies that can be applied, in market situations that often change rapidly, and with a combination of different methods allows traders to adapt better and It also helps traders in reducing risks and increasing opportunities for profit

It’s true that risk-taking is at the core of trading but what really separates successful traders from those who fail is how they prepare themselves before taking that risk, just jumping into the market without proper knowledge is no different from gambling because there’s no real plan to fall back on, that’s why learning technical analysis, fundamental analysis, and especially risk management becomes so important, every failed trade can teach a lesson if recorded properly and those lessons should guide the next strategy, otherwise the same mistakes will just keep repeating. Trading is not about avoiding risks completely but about learning how to manage them in a way that keeps you in the game long enough to grow your account over time, setting clear limits, deciding how much to risk per trade, and sticking to those rules no matter what emotion says can make the difference between survival and total loss, markets will always change fast and that’s why using multiple strategies or combining methods is very helpful because it gives more flexibility to adapt to new conditions, in the end, trading is not just about being brave enough to take risks but being smart enough to control those risks so that profit opportunities can be maximized without losing sight of the long term goal.

You can reduce risks and save your deposit only if you use risk management. And it is neither a method nor a strategy, as it is a system of rules for limiting losses and thus saves your deposit. Thus, you must simultaneously use a trading strategy and risk management to earn profits and limit losses.

Yes, this is an important point, if you are new to trading, you cannot expect much at the first stage.
Because in a new situation, you will naturally lose a lot, but you will have to learn more from each loss.
If you can develop yourself with patience and skill by maintaining a learning mindset, it will definitely give you a lot of good at some point.
But those who get emotional and give up because of losses, they will never be able to achieve success.
You can't give up here, you have never failed, you just need more willpower and patience to continue learning more, at some point success will definitely be achieved.

you are right
it’s important to recognize when something’s not working and move on to something that fits better wasting time and money hoping for a breakthrough isn’t always the answer there are plenty of other ways to earn and grow no shame in trying something new

To add to what you just said now about trading, expecting a good result when one is under the learning process or just started trading is bad in everything you have time and progress so a trader who has gone through the learning process should know that you don't just go all in and expect a quick result in trading it will take some time for you to master the best strategy that works for you before you expect good results. Giving up only means the trader is in a haste to make profit but a following the process gradually while mastering your best trading strategy can take the trader to another level.

Wow, I think this is the most vocal post I have seen so far in this forum, no need of sugarcoating of words just raw, if you want to give up, just give up😂😂😂
Back to the topic of discussion, trading is not a chise play, if you are in a constant losing and you sees that you are not improving in anyway, their is no need to continue because more losses is ahead than winning, where most traders get it wrong is that they thinks that the more time they spent in the market, the more they will learn, what they don't know is that if you don't have the right trading strategy, they are more likely to lose even more because they might be doing the right thing the wrong time, and in trading, you needs to  perfect the act of time, because if you enter the market at the wrong time, you are more likely to lose money because you are doing the right thing the wrong time.

I experienced this myself. I once entered the world of trading haphazardly and then studied everything I could to understand its movements, as a solid knowledge base is essential to running this field. But one day, I experienced something that made me realize that trading wasn't the right fit for me. I was making profits, but not in this field. So I decided to leave it and pursue a field I felt was suitable and comfortable.
Recently, a friend of mine became interested in trading, and of course, I supported him and encouraged him to continue studying diligently so he could generate profits.

Learning multiple strategies isn't the problem but it's better to first learn on strategy at a time. Master it and be a pro on it before you should think of learning a new strategy because if you don't understand the fisrt strategy very well and you jump into another one, you are complicating things for yourself. If you don't master any strategy, you will be a bad trader.

True learning many strategies at once may look like progress but in reality it causes confusion. trading is not about knowing every method out there it is about understanding how one method works in different market situations and being confident enough to apply it. when you try to juggle too many strategies without proper mastery you end up second guessing yourself and making poor decisions.

The right approach is to pick one strategy that suits your style whether it’s short term or long term trading and focus on it. practice it over and over, learn its strengths, its weaknesses, when it works best and when it fails. this way you build experience and confidence because you know what to expect and how to react. Once you master one strategy and you can trade it without fear or confusion, then you can move on to add another strategy to your knowledge. at that point you’re not complicating your trading, you’re expanding your skill set. but without first building a strong foundation on one strategy you will always remain inconsistent and frustrated. a trader without mastery of any strategy is like someone with many tools but no idea how to use them properly.

There is difference between you gave up on something and you decided to switch to other field where you can make faster profits. You switched because you knew that you are nig making enough or you have over grown that stage you were before which need an improved ways of making more money. Those that quick as traders are not taking the right decision that could help them in a long way. Quiting shows a sign of abandonment which can be due to weakness or lack of understanding about such field. Since there are people making money from trading, we should also endeavor to strive hard so as to reach that level.

Not having knowledge is a serious risk on its own, and when there is proper knowledge, that is when the individual can have trading goals, because trading goals are very important. When you have trading goals, it becomes very easy for people to want to meet those goals. Because when you don't have a target you want to meet, then everything just becomes very unachievable because there won't be any achievement.


And there is a different strategy at this point because when you go to YouTube, you will see how people are using different strategies to make money, and this is why knowledge is very important and people are always underestimating it, but you can learn one or two things from there because knowledge is what will help, but people don't know how to value knowledge and there are people that go to the extent of going for coaching.

Yes but not at the expense of your constant loses, we try to keep it going regardless but we should be mindful and know when to stop.. it's just seems like gambling you're pushing in for positivity but then there are factors limiting you to do so and hence you don't want to give up. But when you know the trading system isn't for you it's better to stop rather than having waste of funds .

When there is continuous loss, then to avoid that loss, it is necessary to take a break from trading at that time. The main thing to pay attention to here is realization. If a trader makes a mistake in one thing and because of that mistake he is away, then that trader will never be able to success in trading. If he wants to success, he must think of winning by learning from mistakes. Some people try to correct their mistakes, while others come back from there after making a mistake. If others can do well, then I think you can too, but you have to continue trying accordingly. But it must be within the capabilities of a trader. If there is a situation where you cannot keep yourself in a good state of mind in trading, then you should definitely stop trading.

I agree with you, dude. Everything you said is true. Especially if you're serious about crypto trading, we have to be strong when it comes to perseverance. Honestly,
it's truly a necessary trait and it will contribute a lot to our success.

If you have short patience, you shouldn't even try crypto trading. This field of the crypto space isn't easy at all. It's not true that getting into the crypto industry is just easy money—that's what other people in the crypto business community need to understand.

Personally, i cannot blame those who prefer to stop trying to succeed in trading, because everyone's psychology is different. However, as far as i understand, every failure has a cause, there are mistakes we make that trigger that failure, and what we must learn is how to fix those flaws. After that, it might be best to start by improving your mindset first. Don't use a gambling mindset in trading (wanting to get rich quick), as this is wrong. In practice, traders like to use maximum leverage when trading futures or full margin when trading forex, and this is what triggers the destruction of our capital. On the other hand, knowledge of technical analysis is no less important, so that we know whether the setup we have created will fail or not, and we can evaluate the important factors.

One should take utmost caution in any matter related to money. If someone loses in trading, he should definitely stop. Despite losing continuously and keep trading is completely foolish. One should take responsibility for one's own money. If someone loses money, he has to recover that money by earn. So I am not in favor of losing money either. But one should know about trading before losing.

Many people connect trading with gambling, but in reality, there is no similarity accept luck. One is directly based on luck, the other is somewhat dependent on analysis, knowledge and luck. Trading is also compared to gambling when someone starts trading without acquiring proper knowledge.

Exactly. You know people don’t really trade for the sake of themselves, but rather they do this thing because they see other traders are making very huge amounts of money, showing that they are traders, and a lot of people think that is what they do, which I can say some of this is not really true.

Some people are trading long and still losing, but they won’t stop because they are thinking one day they will get profit. If you look at it, it is not really like that or worth it to some extent if you don’t make money from it. I think the best thing is to leave it and focus on another thing.

Sorry if trading might have not worked out for you when you tried but what you’ve said about trading is actually the fact and people should know this. Failing in trading always have a negative impact that warranted that, which most of them usually came from the inability of the person to get a grasp of how the market works entirely. One cannot be blamed most of the time because the brain doesn’t assimilate same thing at the same time as another person, so those differences may actually affect the overall experience of each trader and how they tend to farewell in trading.

Trading is not a get rich quick scheme and that is where many people get it wrong and see it as another place for them to make quick money which actually it is never like that. If you’ve made up your mind to trade, you may still change your mind later if you keep trying and you’re not seeing any progress. It is better to explore other options of making money than lingering in one thing without seeing any progress.

Yes, this is true, but realistically speaking, trading is difficult but it is not something that is impossible to achieve success in, although not everyone can succeed here and that is why if you cannot improve yourself in any way and keep losing, then it is definitely right to give up, trading requires a positive attitude, but at the same time it is important to accept reality. People are not perfect in all matters and not everyone can do everything, similarly, trading is not impossible but it is not for everyone.

In order for us to learn and succeed, we need to experience the worst scenario of our trading journey. Failure is not the end of our journey but rather the beginning of a big change.

Indeed, we don't need to feel afraid of making mistakes and suffering losses because with that, we tend to grow and improve. But if not, it is best to quit and forget about trading because that surely wasn't for us. And we have to note that trading is not for everyone but rather for those who want to change and can adapt to the situation.

I abide with your advise that one should not act as if without trading you cannot survive your life, just try other things.if trading does not faviour you,i think there's other things out there similar to trading, spot beting, and rest of them.. just like people due say that if your church cannot change you then you change your church.

It is not as if trading is for some people and will favor some while others want to be favored. Trading is not like gambling, where profit is based on luck. Trading is for everyone, as long as one is ready to learn and follow trading the right way.

I think for those who don't have the energy or the patience to learn trading, it is better for them not to engage in trading. One thing about trading is that the knowledge, experience, and strategy you have will always bring forth a positive result. People are not ready to learn trading; they just want to make a profit from it, and that is why they are getting the outcomes that they should not be experiencing.

Before deciding to quit look for objective signs not just frustration. If the system shows negative expectancy after honest review and enough sample trades, if drawdowns breach predefined risk limits and threaten the account, if trades become emotion-driven by fear or fomo instead of a plan, if backtests and demo trials fail across different market regimes, or if mental health sleep or relationships suffer because of trading stress these are real signals that the strategy isnt working and stopping is protection not weakness.

try structured steps before folding completely, take a fixed cooling-off period rather than quitting impulsively, drop position sizes dramatically or move to demo for a set time like 1–3 months, run systematic backtests and forward-tests with clear pass/fail metrics, get a fresh pair of eyes from a mentor or honest community to spot blindspots, simplify the system by removing cluttered indicators and focus on one clear edge, and set hard limits such as max drawdown or a re-evaluation deadline so the decision to stop is based on rules not feelings. If after disciplined testing nothing improves accept that trading may not be the right fit and pivot wisely, consider lower stress investing methods like dollar cost averaging into long term assets, switch to trading-adjacent roles such as research data analysis risk ops or prop desk work, or apply trading skills in other finance roles where spreadsheets, backtesting and storytelling with data are valued.

When you've tried everything and put in your best effort but still fail in trading, it's a sign that trading isn't for you. I completely agree when people say trading isn't for everyone, as many people push themselves too hard and end up experiencing losses and even going bankrupt. This also applies to gambling. Gambling is accessible to everyone but if you gamble without knowledge and control relying solely on luck then gambling isn't for you especially with trading which is complex and requires a multifaceted approach to success.

Everyone should have a realistic attitude so they can quickly realize that we're overextending ourselves in activities that aren't suitable for us. Some people aren't suited to trading but are suited to investing therefore, divert your budget to investing, not trading. Ultimately you should assess your own abilities and determine which one you're most skilled at.

Yes it is true that if someone wants to achieve something then he must work hard so I would say if you want to see trading then you can learn nothing is impossible and so is trading. I think when you are hesitant to succeed when you keep losing repeatedly then it is better for you to give up because it is risky. I think if someone is incompetent about it then it would be wise for him to avoid it. It is true that not everyone can do everything if you are incompetent in trading then you can invest. But I would say if you keep failing repeatedly in trading then you should move away from it.

There should be a limit to how far someone can push himself. Like in trading, if someone is just starting up, there should be limited startup capital, which, if they are unable to get something out of it, they can take a break to learn more first or, better still, look for something else to do instead of making more deposits and sinking it into the broker when they don’t have all it takes to get it all back again.

Trading should be done caution and not done carelessly all in the name of trying to make profit, if it is not really going well then we should know when to take a break at least, we should be mindful of our losses and avoid forcing your way when the strategy is not working out well for you and find solutions even if it means a change of strategy. It always leads to more losses when we try to turn things around when we are experiencing series of losses but sometimes patience and perseverance is key to turning things around.

You have a point, taking a break is important else you will just keep getting more losses. The break will help you reset you mentality and probably turn things around for you. I won't advise beginners to trade without having proper knowledge about trading else they will risk losing their capital easily.

That's what happens when beginners force themselves to trade without extensive experience; they end up suffering huge losses, especially when the market is uncertain.

Taking a break is better for calming the mind... but beginners should start with small capital so they don't exceed their limits.
At the very least, learning more will improve their trading skills.

The first question any person that want to be a trader should ask is "Would I be profitable if I start trading and how?" Once this question can be answered without emotions, I think the person is ready to become a trader. There is no guarantee that you will be profitable if you trade  and that should send a signal to us that want to become a profitable trader without getting the full skill.

Not everyone would be profitable as trader and we should not always have that entitlement mentality that we ought to make money from the market on a daily basis. Trading in the market is very risky and that is one reason we need to make use of good risk management to enable us achieve something great as trader reduce excessive loses.

Beginners are those who are new and inexperienced in trading. They need to consider this before starting. Becoming a profitable trader requires a long process, including significant time and losses, which can be used as learning opportunities to grow and learn from mistakes.
Therefore, many people recommend always starting with a small capital and taking the time during frequent losses to learn the market and learn from mistakes and everything about trading so you can develop and become profitable traders in the future. However, in reality, many beginner traders are unable to overcome the obstacles that arise and ultimately give up. In reality, this entire process is what will make them profitable traders. And that does take a long time, at least two or three years.

There's no harm in trying out things but where it becomes a problem is when you find out that you aren't making progress in it, I think the wise decision for any individual that falls to that category is to quit before it is too late, whats the need of continue doing something that aren't profitable to you as a human, although sometimes getting what you want in whatever you involved yourself as a person takes much much time, however, how sure are you that you'll be successful if you endure the test of time, so what will be the news of furthering and still failing more.

Sports betting and trading have more differences than similarities, when you are making list of options that a trader can switch to if trading doesn't work out as planned, sports betting shouldn't be a suggestion. It's not even logical for someone that has been dealing with losses from trading to just divert to sports betting, that's a wrong move. There are lots of ways to make money online without taking financial risks

Why start if you'll end up giving up after spending more money on trading? It's best not to get involved in it in the first place, so you don't end up spending more money.
I agree that if someone has spent more money on trading, changes need to be made, such as changing their perspective on trading and continually improving their knowledge to become better.
It's not necessary to make huge profits in trading; the most important thing is to survive in this industry, even if they make small profits each time they start trading.
This can be achieved by continuously improving their trading knowledge and avoiding the greed of making quick money.

In trading, no one can make money from the very beginning; it requires time for learning and practice, and it is quite a long process. Therefore, you shouldn’t give up immediately, but if over a long period nothing changes, even if you try adjusting your strategy, I agree that it’s better to stop in time and find another way to earn money. Money can be earned in different ways; the most important thing is to choose something you enjoy and are good at.

And why trading does not work for some people is due to there own carelessness. And people should know that trading is not for everyone and the earlier the better that can be done to replace trading and its not by force to trade you can also hold because that is like what a lot of people do and most times people avoid trading because of risk.

And we know that it is risky but with the right knowledge people should be able to manage the trading with the right knowledge and people only need be consistency and with the right knowledge and if they can not keep up with it. Then they should just settle for holding because that is like the easiest to do. And the kind of mindset that they bring to the table is what is affecting most of them because they come with the mindset.  But they should try and do better if they want to actually trade.

Everyone can't be traders. Obviously there are people who are better skilled in some other areas. Everyone should give attention to the areas they are passionate about and to develop their skills in those areas. Yes, give up trading if you can't seem to figure it out.

Your words in this post are really well said, my friend. If there are people who only want to gain profit from trading but are afraid to fail, then I’d say this field isn’t for them—because true success in crypto trading lies in our willingness to face failures ourselves.

It actually reminded me of a book I once read, though I don’t know if others here have read it too. The title of the book is “Dare to Fail,” which I honestly found very encouraging.
I believe this kind of mindset is what the rest of the crypto community should also have.

This is right statement and also applicable to gambling also, if you find them taking too much from you, instead wasting your whole life that may seems as if you are addicted it bad omen, and you should avoid them, taking a second thought about something that has to do with risks and losses is very important.

This way you are able to adjust and make better choices on your next venture, so any trader that sees that trading is taking too much from them in terms loses.

It's best to use some AI tools at times to assist with trading just like I did when I realized trading was getting rough. Tested trading bots on Binance, Bitget and OKX to assist with analysis but Getagent on the second made me the most profits so i partially agree that everyone can't be traders because sometimes all it takes is to switch the tools and strategy implemented.

I agree with you that beginning always get tougher for every crypto trader to go through losses before he or she will begin to get it right to make profit earning higher than losing. If you believe in yourself that you will change positively from crypto trading despite your past mistakes, you don't need to give up on crypto trading than to continue watching some video of professional traders to know how they arrived in this success  that is making some traders to grow to become those professional traders.

But a situation where by, the more you learn the skill to be profitable from crypto trading the more you are losing money in crypto trading, I will advise you to quit crypto trading to try other skill, because there are some skills you will learn to display in some develop country or society to begin to make progress.

I think advertising for beginners is not a bad thing to do. Although it depends entirely on the mentality. If you are interested in trade and work properly, then nothing is impossible for him. Similarly, you are interested in trading and you have a limited amount of capital. If you can properly acquire knowledge about Trade and observe the market. Then that capital will never lose. Yes, it should be just every trader to take a break. Because it does not stress itself and the mentality changes drastically and the weaknesses can overcome. After the break, you can tet better and recover the loss fund.

Everything really depends on the mentality of the beginner traders. Nevertheless, losses cannot be avoided in the initial learning process. Those who are currently skilled in trading were also not immune to losses when they started trading.
Only mentality allows beginners to continue learning from their experiences and get results from their hard work. The choice for beginners in facing a losing streak situation is to either stay focused on continuing to learn or to stop now and look for other ways. For some people, trading may indeed never be a good fit.

You are right, it's important to walk away temporary or permanently from whatever isn't favorable to you. Sometimes in trading we might be doing something wrong and may not be able to really point out those errors, the best thing to do is to take a step back and do more of observation, it can take months but it's for your own improvement. The mistake some traders make is that they try to get it right by trading more and In the process of doing this they lose more money

Before you see a trader that successfully make profits from his trading on a steady basis, you have to first know what he may have gone through to build such trading capabilities to keep him at profits, no one becomes a profitable trader over night because most of the time we have seen a lot of newbies coming up with that kind of assumption about trading, cryptocurrency trading is somewhat a risky assets though to it volatilities.

Losing frequent during the early stage is considered learning, at that point don’t give up, patience is key to success if you want to trade successful gradually. A lot of people intend to give such advice I listed above althoug I might disagree because losing always can’t determine a consistent win after learning, trading is not a game whereby after losing everything you get back your return in hundred folds hell no instead give up as op mentioned. Trading is risky and not everyone can handle the risk so is better they stop and go for something else, mostly newbies who focus only on winning well I will always advise a newbie with such mindset to invest not trade.

You are not wrong, knowing when to walk away is definitely part of the game but i think it's also important to recognize that not every lack of progress means failure. sometime it is just slow growth that doesn't look like much on the surface, a lot of people quite right before things start to turn around. sticking with something that's draining your time , money and energy with zero return can be a mistake the real skill is figuring out whether you are hitting a temporary wall.

Traders will not tell you the sad part of their story they only want you to know when they make profit that's why you see most newbies jumping in to trade without due consideration and confirmation of the information they got from the so called profitable traders. The traders you see making money through trading has experienced countless losses it's obvious they wouldn't want to discourage others especially those that pay them to get signals but if the newbies must know the truth they can't have a good signal all the time and the profit you see traders making is a function of the losses they made just to get to the success level they are in profit today.

There is no any successful trader that doesn't have his challenge, they were able to work on it that's why they scale through it and it's that experience they have been using to study the market and make money from the market. However, the today traders we are having a the quick rich newbies that want to use trading to escape poverty and it doesn't work that way, you can't make money without any trials unless if you are running a ponzi scheme.

There is another thing many newbies are fond of doing, they like to use futures instead of normal trading. They want to use $10 to make $1000 dollar over a night with high leverage that's why many of them lose their capital before they even started. Instead of some of them to stop if they don't see any profit, the next thing they do is put another money trying to recover the ones they have lost and in the process they loss everything and blame the market.

This strategy, which is followed by beginners, is called a casino and has nothing to do with trading. Learning and gaining experience is not for them. The desire to receive money quickly and a lot, without having the experience for this, always leads to the loss of the deposit.

We often get the motivation to not give up but we should not lose sight of the importance of when we should stop and change our perspective. Trading is a game that requires a high level of skill and self-control. And this game is not suitable for everyone. Yes, many people say that don't give up but if I keep trying for a long time to achieve success, there is no guarantee that I will achieve success later. Those who are losing money in it year after year but are not able to do anything profitable are not only wasting their money but also wasting their time and mental energy. Blindly sticking to it is not only the key to success, it is also prudent to consciously recognize yourself and limit yourself and find alternative paths.

Evaluation is needed. We only proceed once we see positive results and abandon our pursuit if we find no reason to continue. But if we are stupid enough to continue despite continuous losing. It was not only a greed problem but also having a mental issue because a normal person can sense what is best and won't take the risk if they see the situation doesn't favor them.

Let us think that if others experience failure, we can't ignore that it may happen to us as well. Whether we like it or not, not all who dream of becoming a trader succeed. Maybe we are one of them.

Losing is a necessary part of trading because it allows you to learn from your mistakes which gives you more experience, but if it happens frequently, especially over an extended period of time, and you keep losing your money with no gains or improvements, my best advice would be to either you step back for a while or give up on trading and learn new skills. Most traders only discuss the positive aspects of trading, not the risks, because that is what motivates newbies, and once they have started, they never give up hope of making it big even if the losses are high. Trading isn't for everyone, so if you didn't find it helpful, choose Bitcoin because it's the best investment that promises profits if you hold it for the long term, and it's safer with less risk compared to trading, which takes high risk.

First of all, I quote you sir, especially the first paragraph of your post on "Please give up! If you notice trading is not for you". It is important to understand what we are good to do at a particular time to avoid wasting time,and resources. I think a skill training that has lasted more than a year should be able to produce good results, but if not, it possible that such skill training is not favorable for the trainee. Therefore, the best thing is to quickly make for another alternative where necessary.

Yes, knowledge is crucial in trading. Without it, it's difficult to learn or understand how it works. Everyone agrees that trading is full of risks, even if you've learned various methods. However, knowledge alone isn't enough we must combine it with a series of training sessions when trading.

It's through this experience that we can learn and record our mistakes and successes to improve in the future. And most of us give up easily due to impatience or frustration in trading, or because success never comes or is difficult to achieve. This is the reality we often encounter.

If we just focus on futures, the chances of getting liquidated often are high, because we know the cycle of the game in leverage trading always leads to stress and even depression.

That's why if anyone enters futures, we really must have knowledge of crypto trading skills. Now, if years have passed and you still haven't gained anything substantial,
it's better to just conduct trading activities in spot. At least this way, the risk is somewhat reduced compared to futures trading.