What Makes Traders Consistent in the Long Run When Others are Quitting?

[batang_bitcoin]

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth.

This is true. Many of them think that trading is their way to become rich, while there's half truth to it and it did happened to some. But if they have that mindset and they want to do it on a shortcut, they've got the wrong mindset about it. The earlier an unprofitable trader realizes that it's not for them, they have an option to continue if they want to stick to the market. It's no longer about trading but investing.

The worst part about this, they think trading is a do or die thing. They are heavily focused on their greed, on their getting rich quick era, that they don’t even think that even investing alone can still make them highly profitable in the long run.

Traders like these are not real good traders. They just pretend to actually make a reliable trade, but they know deep in their hearts that they are losing, that they are actually not capable to sustain successful and profitable trades.

They will not realize that until they see others become profitable with simple investing. The thing with them is if the others are earning through trading, they think that they should also be forced to do those trades even if they're not profitable. Going with the crowd is what they actually think the right thing to do but it's not. There are so many ways that can work for each of us and they need to realize it asap that if trading isn't for them, they can always choose the better strategy and that's to hold and do DCA.

[edroi]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

From my observation I noticed that many of this  traders that gives up easily and stops halfway came into trading after seeing “profit screenshots” on social media from experienced and seasoned traders . This filled the head of some of them with the notion that trading is some sort of bed of roses. When this traders eventually started out and incurred loses instead of profit, they give up quickly because their expectations were never realistic to begin with. The  truth is, trading is not a bed of roses. Here are some of the things that those who last and stay consistent overtime do differently:

• They accept the reality of trading which is that profits may sometimes take time to come , and that losses are inevitable they are part of the process.
• And when they encounter loses, they don’t treat it as the end of the road, they rather see it as a means to improve themselves the more
• They practice proper risk management  by  making use of sizing and stop-loses and they also dont risk more than they can afford to loose.
• They keep their emotions in check, by not allowing greed or FOMO, forcing them into trading.
• They treat trading llike a business by having a clear plan, and target etc.

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.

i think what really keeps traders consistent is mindset & patience.. the ones who last don’t just chase quick profits.. they accept losses, manage risk and keep learning from mistakes.. they treat trading like a craft not just a way to get rich fast and that’s what helps them stay through the ups & downs while others give up

[mirakal]

Is trading really guarantees consistency when it comes to profitability? I don’t think so. But seeing how some few traders still trade consistently despite of some losses and gains, I have to say they just know their thing. They just know how to play trading right, while majority of the traders tend to start trading the wrong way and still hasn’t learn even with series of losses. So there’s really big reason for them to quit, while those who are doing great in their trades, know that they will continue to pursue trading regardless of some inevitable losses.

[Franctoshi]

The number one thing that drives and can keep a trader going is the passion that you have for trading, trading will frustrate you as a beginner due to the amount of loses you definitely going to incur, at this stage, majority of traders usually quite because what they initially thought to be a get rich quick scheme, now turns to being a losing money system, at this stage people would ask themselves why they joined trading in the first place, It's at this stage that you will remember your goal or aim for joining trading to decide whether you should continue or quite.

[DaNNy001]

One major reason why some traders remain consistent even when it seems like others are quitting is due to that fact that they are convinced about trading, it might get rough at the beginning but as long as you maintain discipline and keep up a good trading strategy then you are going to make more profits than losses In the long run. Some traders are not patient enough to wait for the results they have worked for

[Joy_learns_crypto]

Some traders don’t just quit once they quit get back, quit again and can get back just to quit again. It is hard to be consistent with trading and even harder to find honest traders.
Traders who sell courses, signals or have a group get me concerned. If I have the success to trading
Ascertained I am not giving it out till I have made people I know exceptionally wealthy and I will not need to even charge for it. I think those guys that claim to be the trading god and sell courses are bad trading ambassadors.

[tvplus006]

...Here are some of the things that those who last and stay consistent overtime do differently:

The amazing thing is that you haven't written anything about learning. And a beginner needs to be trained before starting practical trading classes. Accordingly, by ignoring training, beginners lose their money.