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I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

If you've been trading for 5 years but are still losing money, perhaps your knowledge of analysis is lacking or you're not able to absorb information about cryptocurrency trading well. Because 5 years means it's already back-to-back halving, meaning if you got in on the coin during the previous halving period, you're already covered and have turned a profit by the next Bitcoin halving. This is because the price almost always doubles from the previous halving with each halving. If you're not yet proficient and are still consistently losing money, it's better to trade in the spot market

Yes that is very good advice, probably best to even forego trading entirely until the area/s needing improvement are identified and addressed. At that point, may as well gamble at the casinos because you'd potentially lose less and it's big wins are much more accessible, albeit rare, but requires little to no skill or extended knowledge, just luck and common sense.

I think the best course of action is to just take the loss and forget about trading.

The thing is, if you haven’t managed to become a successful trader after five years of trying, there’s a high probability that you never will, meaning you’ll only lose more money if you continue.

I know it’s not easy to accept such a big loss, but take it as a life lesson and move on.

Is gambling nothing more, because future trading is considered the most risky trading form and should be considered as gambling nothing more than that in the end.

For now don't chase your losses by seeking new way to make up your $30k loses but avoid future trading and do more of spot trading.

You have been trading for 5 years but you have been losing, that is enough to make conclusion. I will highly advise you not to trade anymore. Cryptocurrencies are risky. Leverage trading is very risky also as you posted that you are trading derivatives. You have been trading for a long period of time, so the chance that you will make money from it is low. Stop trading.

You are actually sabotaging yourself by throwing away money to where you are absolutely not grounded in the trading knowledge, it's all your fault.

I am sure you haven't learnt the technical and fundamental knowledge about trading charts, if you haven't learnt, then it's all your fault again.

Since you are earning elsewhere from freelancing, what suits your investment strategy is long term holding. I mean buying crypto with 50 USDT from your freelancing jobs every months while keeping 250 USDT with you for any other upkeep.

Use this strategy and quit trading or pay a tutor to learn trading.

Getting married isn't a problem IF you have enough money to use to cover all of your expenses. Well if your wife helps you with the expenses then that's fine, but you shared it here because it seems that she doesn't. This is just my assumptions though, and I don't know you personally.

Taking a $3,000 loan just for trading? One of the worst things that you can do in the crypto space is taking a loan, and use it for trading. If you will use it for long-term investing then that's fine, but for trading. :D Now with regards to your trading journey, having a $30,000 loss because of trading isn't new. I mean there are traders out there that already lost more than what you lost in 5 years. I know it's disappointing, frustrating, and you feel regret because of what you've done, but if trading affects you financially in a negative way then I guess it's time for you to just stop and take the L.

Losing that amount of money and taking it as just some kind of "fee"? You're just creating an illusion, and it will never be like that... or maybe if it's just a hundred dollars and you've learned from it then you applied it on your futures trades and you became better then you can say that it's a fee, but to lose that amount and consider it as a fee? That's ridiculous if you will ask me. Now how you can recover it? If you see that you don't become better, better quit and forget about it. I know it sounds hard but sometimes, that's the only solution that we have to prevent further losses. Now if you want to continue trading despite of what happened to you then go find another source of income where you will get your trading funds there. Also, pay your loan.

You're already in a difficult position, so it's best to just quit trading. Continuing is pointless. You're only taking a huge risk, potentially ruining your finances if you don't consider quitting now.

My advice is to focus on your current job, and you should take on two or three jobs if you can. If not, just focus on your current job. It's also best to cut down on unnecessary expenses, as you've just gotten married and will need a lot of money for your family in the future. It's best to manage your finances and start saving.

That's the best thing you can do right now.

Even if you are a trader with 10 or 20 years of experience, skills and a huge amount of knowledge. There is no guarantee that you will always be profitable and never lose, or that you can easily make money from trading.

Trading is a highly speculative market and its very nature is one of probability, not certainty. So knowledge, experience and skills help to some extent, but they do not guarantee you anything. Therefore, it is not uncommon for a veteran trader to lose money and go bankrupt.

There are many stories of whales, big investors being liquidated, losing millions of dollars. Do you think people who own millions and billions of dollars are newbies? No, most of them are experienced traders but they still lose like us. Because trading is not easy.

Stay away on futures trading because no matter how good your experience is there’s no way you can precisely knew when will the market be volatile and at what price level it will hit since it usually wipe both long and short position with those wild price swing.

Much better to focus on your just until you repaid your loan and just do spot trading. That 30K loss of yours is already a good investment for your future if you just purchase Bitcoin and hold it.

I think that there are traders who have lost more to trading than this amount that you have stated there, and even within a shorter period. Losing is almost inevitable in trading regardless of how long you've been trading but if you've been trading for a very long time it is expected that your win ratio should exceed the ratio at which you lose, this is to say that if you're still losing more than you're gaining in trading then there is something that you are lacking in probably knowledge that you need to acquire and understand.

If you must continue to trade you should be able to identify the area which you are lacking in understanding and then focus on improving on it because that is the only thing that will improve your chances of winning in trading. If you cannot learn the lesson, you would continue to lose.

Yes, it looks like you've paid for training, which is significantly more expensive than traditional trading training. But the problem is that you still haven't learned how to trade, because you still have a loss of 30,000 bucks. And if this loss does not decrease, but rather increases, then you need to stop and return to freelance earnings.

Sorry to hear about your much loss in trading, but may I know what kinds of your trading as future or spot trading, I don't think have huge loss up to $30k since you started trading last 5 years ago if you trade at spot and buy top potential coins fully believing have increase significant right now. All your loss since five years ago fully at spot trading or you trade with meme coins and its easily loss much fund after meme coins get scam due can't sell any more.
Right now you have fund for trading? I don't have any ideas without having capital how to recovery back your loss but if you have around $1k to $3k for capital trading likely has opportunity recovery how much loss before. You can trade fully at spot trading and buy only top altcoin but priority for investing in bitcoin only, have bigger opportunity earn profit with bitcoin than altcoin although get decreasing but bitcoin faster for recovering than altcoin.

If you still want to continue trading, it is up to you because you should know better with your trading strategy. If you believe you have a good strategy but you don't have good emotion for the market then you try to work on your emotion but it is bad if your trading challenge and losses is because of your bad strategy. So you will need a fresh strategy that will give you 70% winning rate.

However, if you are going in back, don't come back because of the loses you have encountered, let that go and start a new page. If you are chasing the past loses that will be revenge trading and it is not encouraged in trading. I wish you good luck.

This is simply telling us that you jump into crypto trading futures trading to be precise without knowledge of trading and market analysis, that is exactly the reason why you lose this big, because you can’t have good knowledge about trading and market analysis and still lose all your trades or keep losing consecutively for five years.

If it is true that you jump into trading without knowledge and orientation, then you are the cause of everything, you should have learn first before you start trading, and if you are eager to participate in cryptocurrency, you could have used the money to buy Bitcoin which I believe by now would have given you more than 3x your investment.

On your question about continuing trading; I think it depend on you; if you have Learned a lot and feel like going back to trading, no problem, but if you still don’t have the knowledge, avoid trading blindly and use the money to buy Bitcoin.

This is what I keep on telling people who are trading that is they're not making profit but losing, they should stop trading and let go of their losses. Trading for five years and you are in a big loss of 30k shows that traders are losers in the long run.

Assuming you have invested that money into bitcoin through DCA, you would have been in profits by now because you started trading since 2020, when bitcoin price was still very cheap. You are a family, you should focus more on investing for the future and not trading.

Five years is a long term for you to have mastered the art of trading and not still facing losses like this. If you’re still facing losses, it is maybe you haven’t heard the best background knowledge of trading or maybe if you have one, you’re not applying proper risk management to your trades to manage your losses. If you’re eager to make quick profits, then you’ll find it hard to make it through trading.

If you’re in such a big debts, it is better you stay away from trading now, settle your debts and maybe you could try again because I feel you’re lacking something you really need to learn first before going back into trading. I can see that capital is not your problem, just risk what you can afford to lose, stay out of debts and practice and learn from your losses while trading.

Since you have not made any profit by trading for five years but have lost $30,000, you should definitely quit trading and make some other decision. Moreover, since you were involved in futures trading, you have lost $30,000 in these five years. If you had not been trading in futures, you would not have lost $30,000 from spot trading.

However, I think you may have had a long experience in trading but you have not gained much trading experience and strategy due to which you may have lost every time on the trading platform. If necessary, you should repay your $3,000 loan in any way since you have a job, so you should repay your loan but not by depending on the trading platform, whenever you depend on the trading platform, you will increase the chances of losing again.

Futures trading is not gambling, but it is much riskier than gambling where you can lose all your money in a moment.

If you had 5 years in this market, more than one market cycle, and you still have loss in trading, it's time to stop trading. You don't have good characteristics for trading and you must stop trading as continuation with it will cause more losses.

You stop it first, use sometime even months to calm down, think about what you did wrongly, and in coming 2 years, you will have good bearish market for accumulating cheap bitcoins for your INVESTMENT portfolio. If you can do it, you will get profit with investment and gradually get what you lose from trading with time and next Bitcoin market cycles.

Don't borrow money, make loan to do either investment or trading. Do it only with money from your discretionary income.
With $500 monthly income, you can spend like $50 for monthly DCA.
https://costavg.com/
You can use the website for calculating your DCA investment with $50 monthly for four or five years and see how you get with investment and profit with 4 year DCA.

You should pay off your loan first. Then you can think about what's next you can do. It is difficult if you don't pay off the loan because your mind will think too much and you can't focus on what you are doing. But if you think you can handle your loan and investment together, you can do both.

Or you can search for part time jobs to earn more money so you can pay off your loans early. After that, you can use the earnings to invest in Bitcoin. If you think trading is not for you, then you can invest in Bitcoin. I don't know if that is about gambling or the cost of learning trading. You should ask yourself what you get from trading.

I'm curious, what is your Bachelor's degree in?

And it's not entirely clear what you mean when you say 'I trade'. What specifically are you doing on the exchange? Can you describe your strategy?

That's a long time for someone to trade, and in fact, that long can also result in such significant losses. Worse, the owner may also be in debt, likely due to having to cover expenses due to the money being used up for trading. I don't mean to belittle it, but if losses persist for such a long period, it would be better to stop trading and invest instead.
If the owner had invested using the DCA method at the time, the profits he could have made today would have been substantial. There's no need to force yourself to recover losses; it's better to turn a new page by investing.

There is no one who can give advice or input, let alone recover your losses, we ourselves experience trading. Everyone is different in responding to the methods they learn, you yourself can change all of that. This is your biggest mistake in trading by borrowing a loan of a very large amount. If there is no improvement at all in a few years, you should just give up. It is much better than continuing. This will have a much bigger impact than before.

5 years is too long for you to learn, if until today your trading is still a lot of losses rather than profits, for the amount of loss in the learning cost is uncertain depending on how the use of your trading costs, if you think it is worth it as a learning cost, I think you have a problem with your common sense to learn, the amount of $30k is too much for you.

And don't think about recovering your trading losses because that will only make yourself suffer more, because until day ii you can't have a profitable trading strategy for 5 years of your learning, you have to accept that maybe you don't have talent in this industry.

Or there is a wrong way of learning in your trading.

I'm sorry to hear that mate. 30k total loss is so massive plus those loans. You can still continue to trade however you need to properly execute well or study it first. Trading is quite risky, and losing that much means you are not doing it properly. Is there no gains in the span of that 5yrs only pure loss? Don't get upset but I want to know if you are using tech analysis or some charting for this? Cause it's quite hard to fully loss in the time you have been doing it.

Losing money for five years straight without seeing any real improvement is definitely a sign that something is off either in the learning approach or in the mindset if someone keeps repeating the same mistakes for that long it’s no longer just bad luck it’s poor strategy and refusal to adapt thirty thousand dollars is an enormous amount to lose just for learning and it shows that emotions probably played a big role along the way.

At some point you have to pause and evaluate whether trading is really for you because not everyone is built for it some people have better results investing passively or building other sources of income instead of chasing charts and signals if the goal becomes recovering losses rather than learning the right process that’s when most traders dig an even deeper hole. There’s no shame in accepting that maybe trading isn’t your strong suit but if you still want to continue then something has to change study risk management properly learn position sizing control emotions and switch to demo trading until you can consistently make profits before risking more real money five years of pain should teach that the market doesn’t reward stubbornness it rewards discipline patience and self awareness.

You would consider your losses as a price for learning if you have started making profits. If you are still losing, it means that you have not learned trading very well. You would have to spend more time studying the field or linking up with a mentor. Giving up might not be an option for me, since many people are profiting from trading.

I suggest you reduce the amount you are trading with to reduce losses during the learning process.  You might also think of taking a break to enable you to pay your debt.

Pay the debt first before thinking of strategy of how to recover from that $30k loss. Once you're done paying your loan off, then you're good to think of strategies on how to recover them. But one lesson you've got here is that no matter how long you've been in the market, you will always have that potential chance of losing. And it's a gamble when you don't know what you're doing as you trade, even you do so much chart analysis but if you're doing it wrongly, you're gambling your money or if you do futures too. Since you have mentioned freelancing, maybe go back to it and just save the money or buy bitcoin and grow that.

Five years isn't a short time. Over such a long period, you should be able to mitigate losses by continuously learning from experience. Certainly you've learned a lot in trading over the past five years. So when you continue to experience losses, you should reflect and evaluate all your trades to see what went wrong. Because if you constantly think about chasing losses, you're making mistakes without realizing it, which can lead to such significant losses.

Trading certainly has its advantages and disadvantages, but if you have the wrong mindset from the start, no matter how many years you've been trading, you'll continue to lose. So it's best to correct your mindset first before considering how to recover the losses you've experienced over the past five years. And remember in trading there's no time limit for continuous learning every trade is a learning experience.

For you to learn how to trade for 5 years, and you don’t still have the proper knowledge which you are suppose to have, then I feel you are not just serious to learn, because I don’t think trading is so difficult that will take so much time before you will be able to learn about it.

You have lost so much because of the future trading which you involved yourself in, because the risk in future trading is so high, so you can just stop future trading and focus on spot, the risk in spot trading is just low and it’s better. Also if you are trading, then it’s better you focus on bitcoin, and avoid all this shit coins.

I don’t know how you going to recover your loss, because if you are trading just because you want to recover your loss, you might end up losing more money at the end, so take your time to understand things and start afresh.

5 years is already long enough. If you have been losing all throughout your trading journey, believe me you will lose more if you continue trading in the next 5-10 years. My advice is, please put an end to it. There's still a lot of earning opportunities outside trading so you don't have to stick with trading and suffer consistent losses. However, if you really want to work on it and give yourself a chance, go on. But you can't guarantee that you'll stop losing while you're in the process of learning more. Losses are part in trading, unfortunately you experience bigger losses than wins.

I can sense you know already the answer to your question. Trade if you think you still have chances to be in profits if you continue to process your learning in trading, stop when you finally admit you had enough.

However in my personal assessment, 5 years is not a joke. You could have made significant profits than hodling alone rather than risking your funds into trading. But the end decision is still yours to make, but know that a good trader will never be losing the whole time when he's trading, losses are there but are only limited.

Although am not a trader, am only accumulating Bitcoin to hold for long term,  but With the little knowledge I have about trading, if someone have been trading for five years and still can't get it right in trading, then the best to do is to stop trading entirely, and look for something else to do, or you can as well start accumulating Bitcoin consistently With your leftover money using the DCA strategy, after you most have settled your basic needs for the week or for the month until you accumulate a good amount of Bitcoin, and then hold for long term, instead of just wasting your time, your resources, and energy trading in the crypto space without making profits, but Losts all the time, because it is already obvious that trading is not your thing.

It's good to trade if you are able to manage the risk and have reliable knowledge and strategies that will help you profit in the market. But talking about 5 years of losing, that's a lot mate. Maybe you're just into the wrong path and is leveraging, so expect that you'll be more prone to losses then. But if you stick to spot trading, making gains can be easier.  Just trade the proper way, without breaking the rules and resort into overtrading. Trading can only be profitable if you are doing it the right way, even with those basic knowledge you have. But in the long run if this idea isn't still working, just leave trading for good. You're probably not meant to be a successful trader.

The problem with this type of account is that you don't know for sure if they're just trolling with cock and bull stories or they're genuine. OP registered this account on November 7th and posted same day then disappeared till date without recourse to this thread. Anyway, I will drop my two cents in case they're genuine and indeed need help.

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I sincerely hope you didn't take out that loan simply to trade? If you did, then you took a wrong step for someone who was single and earning $500 monthly. You should've been able to raise capital for your trading from your monthly earning and restrained yourself from going overboard.

At this point, that should be considered more of gambling than trading. It has surpassed a learning fee. By the way, why go to Futures when you haven't fully grasped the rudiments of trading? Futures is high risk. You should've stuck to Spot trading.

No, don't quit; except you don't want to ever win. Winners don't quit. Go back and acquire trading skills. To get your hands on it fully, limit yourself to Spot trading to build confidence with your trading strategy. Grow from there before stepping into Futures.

It is not just about trading continuously with the hope to be lucky most of the times from familiarity, but it is more about strategy and risk management control as powerful tools to use.
Am sure spot trading might even be a favorite strategy if you delve into it instead of using leverage all the time.
Also, a good knowledge of how to diversify your fund in form of accumulated profit over this time would have been very helpful so as not to make you lose so much more than you could ever afford to lose.

I would be straight to the point, leave trading because that won't work for you, not now, not the next days, months or years. Because if you really have the potentials of a good trader, you could have made impressive profits within that 5 long years, but what you did is the opposite. So I don't have to sugarcoat your feelings, but leave trading now or else, you will blame yourself why it took so long for you to realize that trading is not your talent. You know the right thing to do but what you want is some validations from us.

I agree, this is like a throwaway account.

And if he's going to come back after posting then that's good but if not, he's going to just let all the discussion go without even replying a single thing here.

Although his situation isn't new and many have been trading for so long and are in losses too. One thing about that is to accept you're not a good trader, quit trading and be an investor, it's simple as that isn't it?

Yes at that point it's like we are seriously questioning his personality, what is it about him that can be so wasteful in his study time, if we talk about money, any amount is subjective, but time, 5 years, is crazy.
I don't know what books he read, who are his teachers or references he studied the trade, or he doesn't have any of that, just an amateur who doesn't have a clear source of knowledge in his journey.

I think for him not to trade futures or even spot, and it's better to just invest, accumulating bitcoin by doing the DCA strategy is the safest and most profitable, just calculate if he is 5 years means he started from 2020, and this year touches the last year, and imagine the journey of bitcoin 1 cycle, bitcoin under $20k, if he makes purchases gradually every week or month, his ROI can be more than 200% of the average value of his purchases.

If you've been here for 5 years and still losing maybe it's time to rethink your strategy?
Why don't you just settle with spot holding BTC or ETH and just let the market decide instead of timing the market with futures.

Majority of people lose in future so it happens quite frequently but frankly spot is starkly different. You can just buy and increase your income through freelance and you will get more benefit from it possibly making your financial situation massively better.

If you feel like you're not making any progress in this field, especially trading, most people's advice is to just quit or give up. If you haven't progressed in trading in just five years, how can you continue? It will only become a financial burden in the future. What thoughts crossed your mind that made you borrow money and then dive into futures trading? Most people would probably say this is quite foolish and ridiculous. It's best to just quit and forget about this profession.

It seems you need to learn more about trading. You can start with investing and not trading because you already see what happens to you. You can consider this a lesson for you so you can improve yourself if you want to return to trading.

You can work as usual and if necessary, you can search for additional jobs to have more sources of income. You also need to pay your loan and until the time ends, you should not use the money for trading. You can get in trouble because you may difficult to pay the loan.

Truly this is chaos, my friend. Trading for 5 years is not a short time, but you have such a big loss.
Maybe you always force your will, and after knowing the loss, you even continue it.

In trading knowledge, when a loss occurs you should not continue it, but take a break for a few days or weeks while doing evaluation and learning again with small capital.
Money Management is important in running trading, especially in futures trading. Many beginners fall because of it, since the setup for trading in futures is different from trading in spot.

Clearly you are trading an amount more than you can afford to lose and that's something very risky especially if you are still building your skills and strategies in trading. That is the very main reason why you are losing a lot. And I have to be honest, if you don't practice proper risk management and risk tolerance in your next trades, you will then suffer much bigger losses.

I don't want you to encourage to leave trading because there's always proper solutions to every losses in trading. But if you yourself is not practicing being cautious when trading, you will always gain bigger losses but only small wins.

One serious advice I can give is to stop trading, accumulate the cash from your salary and pay off the loan in montly installments. That is the only way to cover this up and not go bankrupt. Do not try gambling becauss you will lose the money and don't trade further because we need to learn to stop trading at one point to see our losses.

Trading is not for everyone and most people cant make money from trading. Dont feel bad about it, but move on from it.

It's time to review your trades from this past 5 years maybe you missed something ;D. There are people who aren't just cut it for trading since it requires mental fortitude. I know some, I know people that have an itching urge to sell whenever their position becomes negative even if it's a really small negative in their PnL.
If you're that kind of person, just stop trade man. This last year trading history is also good data to judge your trading. If you keep having losses even after 5 years and the trade doesn't seem to be sustaining with steady profit you should contemplate.

It's very sad, you lost $30k in 5 years, but still you didn't give up? In my opinion, since you are not succeeding in trading, you should have given up trading earlier. Actually, you don't have enough knowledge about trading, maybe you bought shitcoin/memecoin and faced losses. However, you mentioned that you took a loan of $3k so it is better to pay off the loan first. Since you have faced losses in trading, in my opinion you should stay away from trading, and if you trade again to recover the losses, you may lose more. Now in my opinion, if you want, it would be better to invest in Bitcoin with a long-term plan which is less risky and safer.

OP has 5 years of trading experience and all he gets are losses. In my opinion, it is better for him to stop trading altogether and stay away from it instead of spending time learning more about it. That only made him sink deeper and lose more. If OP still doesn't want to give up the market completely, he can switch to long-term investment, which would be a viable option.


Trading is not for the masses and when we know we are not suited to it, we should stay away from it and find another method. Don't be stubborn because that only makes us lose more. There are still many other ways to make money from the market, trading is not the only method.

Dude, stop it. Consider it the fee of learning the lesson.

Use whatever you can save $20, $50 a month, just buy Bitcoin, all the time every time (its called DCA method).

Don't worry, you're not the only one, I was in forex before similar situation. I learnt my lesson and stopped trading. I did in crypto, lost many years but luckily didn't lose money. But the years, you don't get them back.

Live life, DCA, and be happy!

You can only recover if you have the nerves and talent for it. Trading is not easy, and if care is not taken, your $30k loss could increase to $50k loss. I've been there before. If you want to recover your loss truly, then my advice will be to get out of trading, to engage in crypto investing. Keep saving now, and wait till about a year and 8 months. I mean when cryptocurrencies have fallen so much, and are now returning higher, like what happened in late 2022 and early 2023. If you buy the top coins, I am sure that your winnings will be worth it.

"If it's trading, just forget it, my brother, your chance of recovery is slim."

Trading has always been known as tough and risky, that's the reason why we don't suggest newbies or inexperienced persons to rush in trading.  It could give profitable gains while starting, but the rest are consistent losses while you are struggling to end your trade with profits. Most especially if you adopt leveraging, that would not bring you into massive profits but instead, it could lead you to miserable losses, as even professionals still lose from leveraging.

However, its a good idea to just stick to pure investing with bitcoin, while you are still working on improving your knowledge, skills and techniques on how to make your trading outcomes impressive.

Right, better stop for awhile and its time to review about OP trading which one wrong way until make him loss $30k indeed have experienced 5 years in trading, maybe any wrong way when trading or still can't control emotion well before begin trading. Some time, after losing much in trading we need time quit for awhile and return back after fresh mind and improving what the mistake did before. If you still trade without review or analyst what the mistake have did and make loss much I think difficult get recovery back from losses.

If can't earn profit trough trading better become investor by investing at top altcoin or bitcoin, make accumulate how much as possibility capital do you have and have bigger chance to earn profit indeed need longer time for much profit earning.

To recover lose is not just about to trade more. If you are trading and you are not getting the results you desire for is for you to stop trading  and learn. The first step to make profit in trading is to learn first, do your research and get strategy that can make you to achieve a better result. 

When you are not getting the expected result in trading you also need to try your best to check yourself to know the things that you may not be doing right in trading. Learn first for better result and continue to trade is not a way of recovering lose in trading, it can even cause you more loses.

It's hard to believe even though it's true, how can you trade for 5 years and still lose money? It means there's something wrong with your strategy all this time. You can never go back 5 years to change things, now is the perfect time to become a better trader after spending a long time without gaining anything. Try to deepen your knowledge about trading to get back some of the money you have lost, the opportunity is still there, but it depends on you how to do it.

You don't chase back your loses when trading, let it be, and focus on your new chapter of investment if you have lost this much, it means you have not understand the rules of trading, you're still gambling, and it's high time you should stop gambling the market and focus on Bitcoin trading alone, Buy and hold it is more profitable that way. Leverage trading isn't good when you're not a professional trader. Bitcoin is the only way you can avoid this kind of loses.

OP is an example that the length of years in trading do not guarantee being knowledgeable and skillful trading in the market. Some may have gain valuable experiences and turn into very experienced and reliable traders while others are still learning the process and are still trying their best on how to manage their losses. However, at the end of the day, all traders eventually learn but not all are skillful and reliable like those successful traders in the market.

For OP, exert more until you find yourself navigating trading well. If you quit, you will not gain chances anymore to recover your losses, but if you won't, you may lose still but maybe you can start learning on how to minimize them while you're trying to maximize your gains. You do the math OP.

Trading comes with possible losses, that's the reason once you decide to trade, prepare yourself to lose.

However, we have stop loss to manage the losses. I think OP just forgot that but continue to trade and lose consistently. The reason why in such long years, he only managed to earn huge losses and hardly even make good profits.

You need to learn a lot in trading mate, and I think you are still not maximizing your learning potentials.

You need to do two things immediately so that you do not lose more money.

1. Stop future trading, That's not meant for everyone specially if you are new or you are losing more than you are gaining, you should quit it and focus on spot trading only.

2. Stop thinking that you have made that much loss. This way you will force trades and lose even more to recover loss. Start fresh after learning, only spot trading and trying to first make money to pay back loan and try not to take loan for trading.

Quite a good number of years to get experience.

I wish you used to invest the money for the past 5 years.

What of your total profit.

Good enough to sustain your family in some countries.

Please don't increase it.

You can advise yourself here.

Just to remind you OP, losses will always be visible in trading. So if your goal is to recover from your big losses, that won't be guaranteed unless if you change your trading style because for sure, for now you are still trading the less effective and the less profitable way. Trading for 5 years with unbearable losses maybe so miserable for you, but you know what, there's always hope in trading, but until you didn't find what's missing on how you handle your trades, you will never achieve trading success.

Learn from the experts and successful traders, but it may take another years for you to realize it.

Loses are inevitable in trading, perhaps you're making use of a wrong trading strategies that's not favourable and generating loss, how about you take a break cause right now it's seeming like you're gambling looking at all of what you're surrounded with. 5 years is enough to give you that results and funds due to the knowledgeable information you've acquired so far, possibly you ain't doing something right and you sure need to find out what's that so you can have a successful trade

I would suggest you to leave this field because even after 5 years you are not able to make profit and these 5 years were really good for trading so maybe trading is not meant for you. It will be a wise decision to leave trading because you will just keep on losing money here. Your income from job is already quite low and you have a family to cater so you can look for some other ways to earn extra income. Maybe you can go for long term holding if in case you still want to stick with cryptos but trading again will not be of much help here.

In trading, we are supposed to invest only what we can afford to loose and you already have invested way lot than what you should have. I understand you have a bachelors degree so why not look forward for masters so it can give you a decent hike in salary and you will be able to survive just with your salary.

I don't think at this time OP can afford losing another year just in study because he now has a wife and soon will have a complete family which he needs to take care of. Things might get out of control if he is not able to maximize his income and I would not recommend OP to spend anymore time in studying the markets because he was not able to do so in 5 years so maybe it might take another 2 or 3 years. He will need to show more dedication and will have to spend good amount of time here which can be utilized in other earning potentials.

OP should think about some other means of earning. Trading is not a piece of pie and not everyone is able to become a successful trader. OP already has immense pressure now and we all know trading under pressure is never going to earn any profits.

Your first mistake was venturing into future trading. Your second mistake was not realising to quit on time until your lose accumulate as high as $30k. The next mistake you're about to make is contemplating to continue or quit. At this point, if you're still thinking about whether to stop or continue to trade after your experience, it means you haven't really learn anything yet after all these years. I don't know the reason for your loan but if it was trading that put you into that debt, it was another mistake. Although $3k loan is not that huge but it is still a burden and you should plan about paying it from other sources than thinking trading will help you to recover and your lose and help you to clear that loan. It's a trap you shouldn't fall for. If you can not make it from trading for good five years, what makes you think you can make it now if you start or continue again?

Trading for five years without steady profits is a clear sign that something needs to change and forcing it any longer could hurt your finances even more it’s important to accept when a strategy or career path isn’t working instead of hoping for a turnaround that may never come since you already have a family to support it would make more sense to focus on stable income sources where your efforts produce guaranteed results.

You can always stay connected to the crypto space without actively trading by switching to long term holding or dollar cost averaging into bitcoin over time this way you avoid the daily stress of market fluctuations while still having exposure to its long term potential putting your attention into improving your professional qualifications is another smart move earning a master’s degree could open doors to better jobs and higher salaries giving you more control over your financial situation. In the end you have to think of what’s sustainable trading rewards a few but drains many and continuing to lose money only adds pressure to your household choosing a stable direction now will give you peace of mind and allow you to build real progress instead of depending on uncertain outcomes.

Instead of thinking, you can recover your losses or make a profit. Have you ever thought that if you continue to pursue trading, you might lose another $30k over the next few years? OP?

I agree with some members that you should leave this field immediately and look for a field that can bring you profit instead of loss. Don't spend too much time learning and changing strategies like some people advise. To me that is bad advice and a waste of time. Because you spent 5 years with it and only got back huge losses there is no reason to continue with it.

Remember, trading and crypto are not the only jobs or markets that can help you make money and become rich.

I think it is time to say, Crypto trading is not working for you. Yes it is not impossible to recover and make money but 5 years is pretty long term in crypto trading instead, you can just keep buying bitcoins and other top marketcap valued crypto using DCA strategy.

But you said 500K then how did you manage to lose 30K? Is it all a loan or you make money and then you kept losing it afterwards?

As far as there is no improvement, it’s better for you to just leave trading and find other sources of income. Try to start a busines I think it will be better because what is the reason we keep losing the little we have, where our hope is to make more money?So it will be better if you leave trading for a while and try other ways. Maybe you should start investing in Bitcoin. Since you are even a salary earner, the DCA method may be a great way of accumulating Bitcoin. You can simply accumulate using your discretionary income every month and aim for long term DCA. It’s very possible that all the money you lost in trading you may get back.

How did you lose this big money to trading ? Did you keep trading even when you are not making money from trading and did t care to take a brake to learn for at least one month or few weeks?

You should have stop the trading and hold sole Bitcoin; five years from you $30k is big money, if you have bought Bitcoin, you should have like 5X I think instead of losses.

There is no way to get the money back now, if you insist to get the money back, you will force yourself to go back to the trading that you dint know how to do, so learn first, and make your decision because no one will share the loss with you. We can only advice and guide you here, any other thing on your own.

I have to agree with you. It's just a waste of time and money if you try to consider another 5 years of experience just to recover your losses, without any guarantees if you can actually do it, or you might end up losing more than what you have lose right now. Leave trading for good, and try to focus on long term hodling instead, where profits are highly guaranteed if you can be patient and understanding on the market throughout your years of investment.

And just a reminder, anyone can trade but trading isn't for everyone. You just have to stick to where you are more suitable and profitable doing so.

Just because you end up at a high loss, then you are already gambling. No, I don't see it that way. There are just some things that won't work on you, but for others its easy for them to succeed on it. Trading is clearly not for you, just try other things that will make you profitable in just 1 or 2 years, hodling bitcoin alone is also a good option.

Just a friendly advice, do not force yourself on things that your efforts are not well paid off. Find other means outside trading, there are actually a lot as trading isn't the only profitable doing in the market.

The choice to continue trade or quit probably take a break for a while is a personal decision, no one can decide although if trade is considered as stress or means where you waste money then taking a break is nice. Trading win don’t come easily, experienced traders don’t get it all right sometimes they also encounter loss as a matter of fact trading is a learning process with contionious practice yet it’s doesn’t come easily rather it takes time and considering the number of years mentioned is really a long period yet no change well, if op can actually develop more in trading activity then there’s a chance but, not certain you’ll recover loss profit.

Don't wait for another 5 years to learn in trading, that's too long already. You could have learned trading earlier if you have the potentials to trade, but based on your statement, trading has even become miserable for you. My final advice, leave trading immediately. You are not meant to grow there, but find other sources of income that will fit your talents and skills, and in which you have seen yourself higher potentials to succeed and be in profits in the long run.

I suggest you end your trading journey. It seems like you're struggling to improve. With $30k and 5 years under your belt, you should have learned something valuable that would change and improve your trading style. Instead, you're still asking how to recover losses, a question I believe only a beginner should ask. The answer is, chasing losses will only lead to more losses.