Do you want to quit trading ?

[boyptc]

You can make trading your side business while you should have some other income generation where you can get regular income.

You can trade for a day or two and just leave it there and go back when you're about to sell.

Someone doesn't have to be a full-time trader to be called a trader, most holders are also traders because we're selling and trading what we hold to the preferred payment that we want.

As a business, I think it's more of just a side hustle.

[Lordshiva]

Actually I want to start crypto trading, as I am in bitcoin since last 5 years but i never quiet done crypto trading as i want into gambling and whenever i get some money i used to only gamble with that. But now i have planned to start trading from the small amount then I will see where it goes.

[Cherylstar86]

Actually I want to start crypto trading, as I am in bitcoin since last 5 years but i never quiet done crypto trading as i want into gambling and whenever i get some money i used to only gamble with that. But now i have planned to start trading from the small amount then I will see where it goes.

Starting crypto trading is risky but knowing that you have already knowledge about it since your in bitcoin for 5 years I guess it is now easy for you and you already have knowledge about it. Trading is not easy because you will experience a huge losses just like bitcoin and I know you already know it. Some people will never quit trading since it will help them and add up to their monthly income. Trading helps a lot especially when it comes to financial needs. Even you've gain a small amount of profit at least it helps a lot.

[Reatim]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

I never consider myself as trader though i tried also in my early days in crypto , But i think that it is not for me because i have no big knowledge about reading graphs and estimation so yeah i already quit almost 2 years ago.
but most of quitters are those people who expect too much and fails.
risky is trading but this can be adjusted in holding once you fail to make profit for short time .

[arditiyan]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

for myself I prefer to stay in trading. because everyone is at risk. the most important thing is how our management in trading can make strength in dealing with problems in trading later on. if we stop trading just because we are afraid to face the risk of losing, and other risks I don't think it's the type of professional trader

[Wind_FURY]

I quit trading back in February, a little after Elon Musk purchased Bitcoin. I took a decent loss then, which I partially managed to recoup shortly after. However, I decided that trading isn't for me, it's way too risky and unpredictable for my liking. On top of that, it was making me anxious, seeing all these ups and downs, which I understand that is the interesting part of crypto, but it would make me irritating and distressed.

That’s probably the most honest post/reply that I have read in many topics about trading in the forum. Plus why should plebs like us be trading, and adding stress in our lives? We can just HODL, and encourage others to HODL as well. Bitcoin is in a super long term cycle going to six digits. Or more?



Credit to William Clemente.

[perfect999]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

I don’t want to quit, but I have reduced how much I trade. Mostly, what I have been into now is Hodl. If you’re not in a good mental shape, you will have a serious problems with being a day trader. Sometimes it’s not good for me, but luckily it has worked for me to an extent for me, so I can now try to focus on some other things and do it when I have the chance to do it.

I have seen a lot of people that decided to quit trading. It’s not bad to quit, sometimes holding on can do more damage to you than when you let go. So in some situations, when things are not working out you have to quit and look for something else, because it can be that that’s not really meant for you.

[Wawa2013]

~

If you are going to quit you cannot earn, I also experienced lossing on trading but I always charge it to experience, this isn't about the luck it's about how you work or fucos on it. It is normal that we incounter some mistakes and lose a huge amount of profit but how can we get our money back if we are going to quit on trading?.

Quitting trading won't get us any money back and it just keeps us out of trouble. We must have an unyielding attitude, whatever difficulties we face
when trading, we must be able to deal with them. Therefore, do not make decisions involving emotions, so it will only make us make the wrong
decisions. Experiencing losses in trading is normal and happens to everyone, so we have to be more focused and work hard to fix every mistake
we make. If we are patient through the process, we can get success soon.

What you say I think is also true because after all when we are already in trading we must be prepared to face the risks,
making a decision without considering and in a hurry will most likely cost us money,
what is clear is that making a profit when trading is not easy because if it was easy everyone who trades I think has become rich

Unfortunately most people want to quickly generate large profits, then use large capital, without taking into account the risks that occur.
In the end, many people suffer heavy losses, and that usually makes some people stress and decide to quit trading. Even though they started
in the wrong way, as you said we have to prepare everything, including how to deal with risks. Don't be in a hurry to make big profits,
start with 3%-5% profit, if accumulated it will be big too. The conclusion is that there is no getting rich overnight by trading, so we have to be
patient when trading, sometimes it takes a long time to achieve success.

[LimLims]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

Not with trading but yes i have quit gambling.
Gambling has more risk than trading according to me.
In trading you don’t lose suddenly, not with one click your whole money is lost.
But in gambling it happens.
I guess as i am still winning in trading that’s why it’s far beyond my thought to quit trading.

[pawanjain]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

I think about quitting trading every year but here still I am buying cryptocurrencies whenever I can.
But yeah I have decreased the frequency of trading a lot and these days I only make a few trades in short term.
Basically I have quit day trading and I am more into short term trading or may be swing trading.
I think changing strategies until you find the perfect one that works out for you is the way to go ahead.
When the strategy fails repeat the cycle.

[Jercyhora2]

To me it’s not a good idea to leave something you know to yourself more sure. I can only advise that you can just add it to the income that comes to you. The many ways to earn are still really better. Tetrading has a great potential to provide an amount that cannot be earned at work and of course the opposite also comes that can lose a few months of income at work. So it is better not to rely on trading alone, unless you are willing to pay for intense study of it, not just those who trade without enough knowledge about it.

[faithupgrade]

Playing swing trade is very stressful specially if you are trading via futures or margin trading. One simple trading with less stress you can do is by trading day or week-trading in spot. All you have to do is buy the coin on its lowest part of its cycle and sell it at the top.

You dont have to quit, all you need is time management.

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

[Silberman]

Yes, and I always like to think it's just normal for all the traders.
Not the "quit" type that you will forget about it for a lifetime. Just some space to rest a bit.
Take your earnings, have a vacation, and just forget the thought of trading for a month or 2.
Maybe that way you will miss it and have the same feeling with your first trade and first profit. It may sound selfish but it must be done. The brain needs to be refreshed to function properly at the time you want to be back to the game.

There is nothing wrong with taking a time and stop trading during those periods, whether this is because you have been losing money and you need a rest to try to figure out what is wrong with your strategy or you have won so much money that you decided to take a vacation, it is fine to take a break once in a while, however quitting is a completely different thing and this should only be done if there is very significant evidence that is impossible for you to be profitable in the markets.

[Fatunad]

Yes, and I always like to think it's just normal for all the traders.
Not the "quit" type that you will forget about it for a lifetime. Just some space to rest a bit.
Take your earnings, have a vacation, and just forget the thought of trading for a month or 2.
Maybe that way you will miss it and have the same feeling with your first trade and first profit. It may sound selfish but it must be done. The brain needs to be refreshed to function properly at the time you want to be back to the game.

There is nothing wrong with taking a time and stop trading during those periods, whether this is because you have been losing money and you need a rest to try to figure out what is wrong with your strategy or you have won so much money that you decided to take a vacation, it is fine to take a break once in a while, however quitting is a completely different thing and this should only be done if there is very significant evidence that is impossible for you to be profitable in the markets.

You would need to realize things up and try to find out on where you had gone wrong and try to make some trial and error because trading isnt something you can get on a short time.
There would be lots of losses and this is where you do really make yourself able to learn up on the reality and finding out ways on how to sustain yourself into this market.
Quitting is something which isnt a solution into this problem but rather better to focus on trouble shooting on how you do make trades in case losing rate is a bit high
compared to winning trades.

[chanler]

Personally, before trading I have to be able to accept as much risk as I can get. so mental readiness is really needed where we have to be really ready with the risks that exist. giving up on the situation will only make us suffer big losses. market ups and downs and failures in trading are commonplace and we should be able to learn from it. make it a lesson and also a warning so that you can be more careful in the future. do not expect big results quickly because it will only confuse our own minds.

[el kaka22]

There are times that I really want to, I really do not like to work too hard on too many different things. I already have a job, and I like my job, it is a great job, BUT the thing is when you love your job then you work hard on it, because it doesn't feel like a task but a hobby, however when you work hard on something like that, then you usually do not have any energy left to do anything else.

Sometimes I just want to go to my living room, open netflix and watch friends over and over and over again, just so I could relax a bit. I know that doesn't sound like a life, I know that I should have fun time to time but trading is not fun for me, it is a challenge and a task that could yield me some profit or maybe even make me lose money. So there are days when I feel like why would I want to get tired so much after work just to lose money? Hence I just stop doing it completely until I feel fine again in some other day.

[Wind_FURY]

A shower thought for everyone. Ask yourselves and answer honestly, since you started trading, are you really good traders that you outperformed it if you merely started and followed a simple HODL + DCA strategy on the same day?

[MIner1448]

In fact, those who trade in cryptocurrency will never be able to give up trading.For example, if I consider my words, I can see that even though I have lost by trading in different fields, I still have a different I wish towards my trading.Especially since I have almost lost money in futures trading, it doesn't feel good at all if I don't trade.So I would say those who have entered trading will never get out of trading. And even if he can get out, he will have a lot of trouble.

I disagree with you, a lot of people refuse to trade and go into investments for a long time, and some even leave, because trading in cryptocurrency is also a profession, someone does not succeed in it, if the person is competent and understand that he cannot trade, he will quit trading, for him this may be a better decision than losing his money all the time. This is mainly due to the sensational hype around the cryptocurrency, people simply enter it, not realizing that they can incur huge losses and without working on their trader skills, they simply drain everything.

[Wexnident]

I've long stopped thinking of how to trade and just went into HODLing mode investing every month if possible (though it's mostly every 2 months now). When I first entered trading I tried learning a bunch of stuff for day trading, patterns, candles, charts, etc, but it really drained me out real quick. I lasted I think 4 months or so? Before I just stopped and called it quits. Recently came back to invest but this time, I'm hodling instead of thinking. I don't think I'd actually abandon hodling, heck, it's pretty brainless already so I'm pretty satisfied with it.

[lepbagong]

Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?

I agree with my friend that whatever we are going to do, we can be sure that there will always be a risk. It just depends on how we can anticipate that what we are doing is not at risk of being fatal, of course it is something we have to do, even though later we will not know the results because even we have been careful that fatal mistakes will occur and it is very human and can be done by everyone.

as well as trading with clear risks, if there is no profit, then loss, but if it is a clear livelihood, we will not leave the trade but will continue to improve so that it will not be fatal.

Yeah, I've thought that a few times. although sometimes I get profit, but it is quite painful when we get a loss. but, back to the beginning, that we know how to risk in trading. however, I have considered a few times not to trade anymore, but I think it has become a habit of mine for now which is hard to break.

yes, if the trade has become the goal of what we are going to do and indeed there is no alternative, of course we will continue to do it, but from the experience we continue to experience then at least we can take advantage of our mistakes and to continue to improve and at least not lose big. because the risk of trading is that if you don't lose, you are clearly looking for profit, it's impossible to continue to lose and profit.