What is the most significant trading sacrifice you believe you have made?

[Sanitough]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.

There are certain risks and sacrifices that you have to deal with if your aim is to gain life changing profits in the future. And yes, anyone can do that but know that for some, no matter how they tried in trading, it’s just that they are not good enough, instead they keep on losing their funds than to gain significant profits. However, trading for me is only a side hustle so it’s okay for me if I only gained small profits as long as they are happening consistently. And most important is, my losses do not exceed my profits and that keeps me motivating to improve my trading as much as possible.

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[Stedsm]

It takes a lot of time to become a successful trader, and that's what most of us here would have sacrificed.
About money, I didn't go that way till I believed that I'm ready enough to trade real funds, that's when I trained my mind as well as my psychology a lot about the risk management and various other aspects through which I learnt trading. I never went to trade huge lots even after knowing that it was a demo account, that's because I wanted to prepare for real world trading and if I can do that, anybody here can do that.
The most important thing here is to achieve consistency which is why we need to give trading a lot of time, and also follow some successful personalities because the vibe that comes from them increases our faith that one day, we will also be one of them.

[usekevin]

The people who had ready to hold after the pump of 20k dollars had a chance to earn more from it.Because the price of bitcoin had reached 68k dollars,which is all time high.Some are satisfied with the 20k dollars and earn only few dollars as profit,the next one had earned three times of the first one.The holding of bitcoin is essential one,because anytime the price of bitcoin will crossed the 68k dollars again.You should had the habit of holding at the emergency situation too.Because many panic sellers will lose their money by selling at minimum pump of the price as compared to his buying price.

[Russlenat]

It takes a lot of time to become a successful trader, and that's what most of us here would have sacrificed.
About money, I didn't go that way till I believed that I'm ready enough to trade real funds, that's when I trained my mind as well as my psychology a lot about the risk management and various other aspects through which I learnt trading. I never went to trade huge lots even after knowing that it was a demo account, that's because I wanted to prepare for real world trading and if I can do that, anybody here can do that.
The most important thing here is to achieve consistency which is why we need to give trading a lot of time, and also follow some successful personalities because the vibe that comes from them increases our faith that one day, we will also be one of them.

Making some sacrifices in trading are not new anymore. People take some loans and even sell their assets so they can start trading at a good amount. While professional traders might be confident from doing this, but for beginners they are not advisable to risk these types of sacrifices. Most likely, they are more susceptible to losses so they should always trade at a minimal amount. Good thing for me, I was not able to take loans or sell something important for me in order to trade. I just reserve some funds from my salary and start trading when I know I have earned enough guts to trade. And as expected, I kept on losing at first but have overcome them when I’ve gained personal skills and strategies in trading.

[stomachgrowls]

It takes a lot of time to become a successful trader, and that's what most of us here would have sacrificed.
About money, I didn't go that way till I believed that I'm ready enough to trade real funds, that's when I trained my mind as well as my psychology a lot about the risk management and various other aspects through which I learnt trading. I never went to trade huge lots even after knowing that it was a demo account, that's because I wanted to prepare for real world trading and if I can do that, anybody here can do that.
The most important thing here is to achieve consistency which is why we need to give trading a lot of time, and also follow some successful personalities because the vibe that comes from them increases our faith that one day, we will also be one of them.

Making some sacrifices in trading are not new anymore. People take some loans and even sell their assets so they can start trading at a good amount. While professional traders might be confident from doing this, but for beginners they are not advisable to risk these types of sacrifices. Most likely, they are more susceptible to losses so they should always trade at a minimal amount. Good thing for me, I was not able to take loans or sell something important for me in order to trade. I just reserve some funds from my salary and start trading when I know I have earned enough guts to trade. And as expected, I kept on losing at first but have overcome them when I’ve gained personal skills and strategies in trading.

Not only limited on trading but also in other opportunities in life on which you do see that you could really potentially be able to make have that huge changes in your life specially on financial state.
This is why people would really be having that kind of last resort on which taking up some loan or would really be having that kind of immediate step on where they would really be that making sacrifices just for them
to be able to deal up with something which they do see that they have the chance on having that progress but of course some of them end up positively and some would be negative.

We wouldn't know unless we do try and this is the principle of other people when it comes to this kind of approach. Some cant really just that afford on taking up the risks but there are ones who are really that
taking up such step because they do know about the opportunity or chances that they do have.In trading then it would neither be on your time or finances on where you would really be that making such
step whether you would be taking up a loan or would really be sacrificing other priorities just for the sake of it.

[wxa7115]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.

If I were to say what is the biggest sacrifice I needed to make to learn how to trade I would say it is time and effort I invested into it, now it is easy to say you have dedicated a certain amount of time to something, but most people lie about that time and effort, as they are never really concentrated on the task at hand and they are doing several other things that distract them.

However I committed fully to the development of my strategy, and backtested it against all kind of market conditions and different markets manually just to make sure that it worked, a very slow and boring process, but at the end it showed me that I was on the right path.

[Zilon]

I have never made any significant sacrifice for trading instead I have sacrificed my trading for something else. I just see trading as a side hustle even when others are making massive wealth from it. I only trade for upkeep funds I haven't seen it as a business yet maybe that is why I am yet to make mile stole sacrifices..

But sincerely trading is capital intensive because the better the trading capital the higher the ROI and also the higher the chance of losing everything if not careful. The safest is devoting time to grow a small account into something tangible which will require so much patience and dedication.

[Mauser]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

For years now I haven't been full time trading, because my profits where below what I would make in my full time job. It wasn't financial viable to stop working and only focus on trading, in my case it made more sense to keep working and do trading on the side, so that it gives a nice second income of top of my salary. Back in university I tried to do full time trading with some friends and we had to adjust our lifestyle to make it work. First of all we moved into an really old apartment outside of the city, which was the cheapest place we could find to live in. Sharing an apartment among the three of us that was in a terrible condition, saved us a lot of money. The problem was that we had to commute almost 1 hour every day to class and couldn't stay out so late as the trains weren't running all night. The next sacrifice we did was to only eat at the university or at home. We tried to save as much money as possible, by not going out for drinks at night and only by eating the cheapest possible food. It paid off that we managed to save a few thousand Euros over the year, which we used as our starting capital. 

[libert19]

...He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted.

I agree with this based on decisions I took in my teens, gave up plenty of money handed to me on a silver platter just because my needs were met through my parents, I somehow refused to look further than that. It was sheer naivety, and I regret not looking for my financial future.

[CapGelatik]

...He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted.

I agree with this based on decisions I took in my teens, gave up plenty of money handed to me on a silver platter just because my needs were met through my parents, I somehow refused to look further than that. It was sheer naivety, and I regret not looking for my financial future.

don't regret it you can start from the beginning in crypto currency there is no word to be late,
especially now investing in crypto currency has become very popular since mass adoption occurred,
don't miss the opportunity to trade in crypto currency mate, you can buy it because when this price is very cheap.

[Franctoshi]

You really sacrifice effort for trading, and I'm happy if it's paying you off now because when you mentioned that you watched some videos online and did some online courses for trading back then, I really don't know how long it has been since you didn't mention it, but I must say that some countless videos and trading materials online are just not worth spending time on to study because the majority of them now on the internet are just palter-babbles. You spend time learning a lot of those trading classes, you try exactly what you have learned, and you don't see any good results. That's what it is now.

Trading is not just all about taking all those online courses or watching those videos,  there are more sacrifices to be made to become successful, so these course is just to pre-imform you what you are gonna face during the process of trading, which after theose trainings you need put the knowledge into practice which is heading into trading by starting with Demo first and later move into trading live account and develop a good strategy after you must have practiced enough, Not only that there are rules in trading which you must follow and cannot be neglected if you want to succeed in the trading world,  which are; you must manage risk, emotions , use of proper lot size and leverages and lastly avoid being greedy.

[JayTrain]

Becoming a successful trader often requires making sacrifices and taking risks. Each individual's journey is unique, and the sacrifices they make can vary. Whether it's giving up certain comforts, investing money for mentorship, or making financial adjustments, these sacrifices can pay off if they align with the trader's goals and lead to improved skills and profitability. It's important to weigh the potential benefits against the risks and ensure that the sacrifices are well-calculated and aligned with your personal circumstances and aspirations.

[Distinctin]

It takes a lot of time to become a successful trader, and that's what most of us here would have sacrificed.
About money, I didn't go that way till I believed that I'm ready enough to trade real funds, that's when I trained my mind as well as my psychology a lot about the risk management and various other aspects through which I learnt trading. I never went to trade huge lots even after knowing that it was a demo account, that's because I wanted to prepare for real world trading and if I can do that, anybody here can do that.
The most important thing here is to achieve consistency which is why we need to give trading a lot of time, and also follow some successful personalities because the vibe that comes from them increases our faith that one day, we will also be one of them.

Luckily for me too I never trade with borrowed money but only from my hard-earned funds. Although I was not good enough when I started trading, but since I know trading can be more susceptible to losses especially for beginners so I only trade a small amount that I can manage to lose. From there, I trade more consistently until I started making good profits and decide to increase my trading size for bigger income too. I don’t have much sacrifices to tell, just some losses that are only within my means.

[justdimin]

...He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted.

I agree with this based on decisions I took in my teens, gave up plenty of money handed to me on a silver platter just because my needs were met through my parents, I somehow refused to look further than that. It was sheer naivety, and I regret not looking for my financial future.

What you exactly mean by gave up? You give it to someone else? But that was still a kind move. Maybe those people you give your money to were badly needing it. Those people must be thankful for you and they might pray that more blessings will come to you. Don't totally feel bad about yourself because I know you are not alone with that problem.

It's just normal for a young person to care less about their future but all that matters to them is to enjoy their current life which was great because once we move in the adult stage, we are now going to be filled with obligations. Did you know that some adults are regretting because they became too serious in life when they are still young?

[SamReomo]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.

My greatest sacrifice that I have made to be good at trading was and is the time I gave to it. I have given a lot of my time and invested a lot of money into this trading thing, and during the learning stages I had to go through losses as well. I have made many trades in the past which were totally useless, and I had to face huge losses because of those trades. But, I haven't stopped trading because of those losses and continued my journey of trading by devoting my time in learning of technical indicators and charts.

I won't claim that I'm a successful trader, but I have learned a lot of things about trading during past 8-10 years that I have invested into trading. I started crypto trading in 2016's last quarter and before that I used to trade forex, and options. I must say that shifting to crypto-trading was one of the best decisions of my life because this market has helped me a lot in learning new concepts of trading. I have given big chunk of my time to learn the volatility of the market at first and later I have learnt that news can impact the market so much that it could either move it downward or take it upward within a short amount of time.

Finally, I was lucky enough that I gave my time to trading because it is still helping me a lot in life and it will surely help me even more in future. I haven't bought any paid courses or paid a mentor to teach me trading, but instead I gave my own time to it and learnt everything about it from internet. I have used various sources to learn about trading and technical indicators that are used in trading. I have modified parameters of the technical indicators over time to make them workable for my trading strategies. I have made many successful trades during the journey, but I have faced some losses as well during the journey. However, the losses were less as compared to the profits, and I have recovered most of the losses that I have made during the initial days of learning trading.

[bangjoe]

I often encounter things like this by influencers/mentors, they show the expertise of analysis and great victory on their profile to attract others to follow their mindset that getting money is easy by trading on the market. Then he sells classes to be a special means of delivering tips and tricks for how to trade correctly and get a profit, so that people who are obsessed by making money in the stock market or crypto must pay the class to find trade education or mentoring.

But I don't do that or buy an education class and or rent a mentor, I prefer the self -taught and only sacrificing time, money, energy and thoughts to learn how the market operates and find opportunities to get ROI according to the target.

The biggest sacrifice for me to trade is, time and money, to get to this point now.

[freedomgo]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.

Trading was not my main job and I only get to trade if there are extra money left in my salary so I think I never got the chance to make some sacrifices when trading. Taking a loan or selling some property are too much, probably because I was not really confident yet with my trading strategies that I still fear to trade an amount that I  will surely regret once it’s considered loss. And for me it’s quite a good thing since I never have to take some risks that would put me into a miserable life.

[Cling18]

I believe that the only sacrifice I made for trading was the sleepless nights I spent attempting to figure out certain methods and understand at least the fundamentals. It requires effort and in-depth comprehension because at first, it was rather complicated. I spent almost every night watching video tutorials and reading helpful resources to gain more knowledge that I already missed doing some of my important tasks. However, it helped me a lot since I was able to apply everything wisely. It was a long process of learning and I still need to learn a lot until now so I still sacrifice my time learning and studying. We really need to spend time if we need to fully understand how trading really works. It also needs focus and eagerness to explore more strategies since some analysis are quite hard to understand at first.

[Fatunad]

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.

Trading was not my main job and I only get to trade if there are extra money left in my salary so I think I never got the chance to make some sacrifices when trading. Taking a loan or selling some property are too much, probably because I was not really confident yet with my trading strategies that I still fear to trade an amount that I  will surely regret once it’s considered loss. And for me it’s quite a good thing since I never have to take some risks that would put me into a miserable life.

It might inappropriate on making it just like gambling but i do really have that kind of mindset and impression that on the time that i would be making up some trading then it would really be just that right that i should really make use of the amount on which i could really afford to lose on which i do make out some trades basing up with that kind of principle but of course im not really taking it as a gamble and still get serious on the time that i do make out trades. I dont really make myself in a hurry on placing up orders whether it would be a buy or sell.In speaking about sacrifices then im not really that a fan on taking such step specially if it does really give out that kind of possible negative effect later on if things turns out to be mess. I do always love on playing on the safer side of things which it might not really be that wise most of the time because there are really things which you would be needing to get out on your comfort zone before you could be able to make more income sources which it would really vary on how you do deal up with things along the way.

[JeffBrad12]

sacrificed capital and knowing that trading isn't as easy as it might seems, I guess after sacrificing so much time and capital, i finally understand the reason majority are moving over
from having trading career to investment ones for reasons and it's also valid reasons, that is, because trading takes so much time and also is relatively exhausting.
even though there are tools for automating all the chores, it's still regardless is a mentally exhausting things, because you'd always be in constant alert that the market might have movement that you didn't expect.
honestly, after knowing that the toll of building trading career just isn't worth it, switching to just investing have been massive, getting the same amounts of profit while quite literally just doing nothing but just finding good entry.