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

[wxa7115]

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.

It is still an important sacrifice, how many times we have read about new traders which want to earn a fortune without making any effort to deserve those profits? This is so common that I have no idea how many times we have seen this on the forum.

However you actually took the time to learn, not many people do this as they know it is hard and as such they avoid it as much as possible, but what they do not seem to understand is that as hard as it may be to study the markets, the path they have taken is many times harder.

[sulendra12]

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.

Well, I didn't spend single money into trading beside of the internet bill and time, also the device I bought if you count it as well. Since most of the trading funds came from free stuff at earlier days and I have to actually manage it so it's not going to be wasted, then it's for sure takes time and brain power to do it. With time I could probably learn another thing for another job beside of checking what to trade, same goes for your brain, if you're overworking then the chance of you falling sick is really high. Your physical and mentality is really important and could affect your trading significantly.

[gabbie2010]

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.

It is still an important sacrifice, how many times we have read about new traders which want to earn a fortune without making any effort to deserve those profits? This is so common that I have no idea how many times we have seen this on the forum.

However you actually took the time to learn, not many people do this as they know it is hard and as such they avoid it as much as possible, but what they do not seem to understand is that as hard as it may be to study the markets, the path they have taken is many times harder.

Honestly I also wasted alot of times reading articles on candlestick patterns and watching videos on the same subject matter related to trading which had deprived me from my leasure time, because I knew that becoming a very successful trader has it own price which includes prolonged time in analysing charts, that is the more time in studying charting patterns because it makes me a better trader and gained more experience as atrader and moreso trading a live account with small funds to test my trading strategies which often get liquidated is another sacrifice in my bid to becoming a profitable trader.

[alastantiger]

Some of the sacrifices that I have made in my trading journey especially at the starting leveling were the parties I missed and all that boring stuff that doesn't really put you forward in life at all. It took a good 4-6 months before they stopped asking me to hang out and party.  They may not sound like sacrifices to others but they are to me. Because I want to be a successful trader, I don't get a weekend off right now and I've come to terms with that and that's okay. I am grateful but I know that I still have a lot of work to do I still have a lot of self-development work to do and I still have a lot of growth on the charts to do and that's something that I am completely okay with.

[Viscore]

I don’t think sacrifices are important for you to become a successful trader. Why not take those risks and sacrifices when you can do trading at a less risk. By acquiring a lot of knowledge and skills in trading, and giving yourself a lot of time to explore and experience trading, that way you are honing yourself to be a successful trader. No need to sacrifice like taking a loan or leaving your job, because surely it will never give you advantages in the end.

[Timmzzy]

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.

the most significant sacrifice i have made in trading is using REAL funds to trade (practice) without proper risk management, or will i say no mentor to guide me on anything, its my 6 years now on this forum and the trading aspect and along the line have learnt alot. so in essence of what am saying learning things on your own without a guardian (mentor) and with your real capital is the hardest sacrifice and you will end up blowing the account. but trust me it has help me a long way because i pick out all those mistakes have been making in the past to make it right or probably trade the right way.

[Lanatsa]

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.

It is still an important sacrifice, how many times we have read about new traders which want to earn a fortune without making any effort to deserve those profits? This is so common that I have no idea how many times we have seen this on the forum.

However you actually took the time to learn, not many people do this as they know it is hard and as such they avoid it as much as possible, but what they do not seem to understand is that as hard as it may be to study the markets, the path they have taken is many times harder.

Honestly I also wasted alot of times reading articles on candlestick patterns and watching videos on the same subject matter related to trading which had deprived me from my leasure time, because I knew that becoming a very successful trader has it own price which includes prolonged time in analysing charts, that is the more time in studying charting patterns because it makes me a better trader and gained more experience as atrader and moreso trading a live account with small funds to test my trading strategies which often get liquidated is another sacrifice in my bid to becoming a profitable trader.

Everything that you do read up which it would really be connected to trading is not really something considered to be wasted and it would be much better compared into those people who are just idle or sitting

around but for those who do make out some research + having that real experience and learning on actual trades do really make out those kind of progression on which it is really that something
that really needs for you to sustain and survive this crypto space. Its significant i would say and about sacrifices then we do really have different kind of actions that had made along the way
which it isnt really that bad as long it would really be that beneficial for long term.

As long it would really be that something significant then it should really be fine but if its something that would be talking about non ideal or something that shouldnt really be
done then it shouldnt really be done at all.

[MFahad]

You are right that trading as a side hustle is profitable and those who totally depends on trading become more likely to face risks as if they don't get any  profit then it will become hard for them to continue trading. Trading should be considered as a part time job as it is very risky you don't know that in next step will you be a profitable trader or loss all your money so just put little money and continue your regular job with part time job as trading.

[Kasabus]

Maybe taking a loan when I was starting to trade, for me that’s quite a sacrifice since I’ve been paying it after I lose my trades. And good thing, my first loss served my motivation to improve my skills and develop working strategies when trading. So I’m not regretting at all taking a loan that time, but I will never take a loan anymore just to invest or trade, especially in this highly volatile market where winning in certain time is not fixed or guaranteed.

[Black susano]

If you have been full-time 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 here went on to become successful traders. It paid off.

[/quote] [/quote]

I would say mine was not a big deal I use my house rent to trade and the last thing on my mind was to sleep in the street, that sacrifice I made was a bit risky for I had no choice but to trade with it my eyes never proceeded out of the candlestick and also my right eyes were on my moving average think I trade with about $2500 but that sacrifice was too big on my head and I was trading with my laptop that good day I were not life the A/C was turned on but still felt hot deep down in me but little did I know that it would be my luckiest day before I knew it, it got higher and took a risk and made a sacrifice and I did profit a lot.
Is it that this life is full of sacrifices and risk?

[taufik123]

Maybe taking a loan when I was starting to trade, for me that’s quite a sacrifice since I’ve been paying it after I lose my trades. And good thing, my first loss served my motivation to improve my skills and develop working strategies when trading. So I’m not regretting at all taking a loan that time, but I will never take a loan anymore just to invest or trade, especially in this highly volatile market where winning in certain time is not fixed or guaranteed.

It's a pretty risky loan when you say you're all in for a trade that you lose in the end, but you're paying back the loan along with the interest charged of course.

I'm not brave enough to take out a loan because I know it's very risky.
When you lose your trade, of course, you need to study what went wrong with your trade at that time.

The decision not to take another loan is certainly a good decision.
It's better to trade with the money you have now and can afford to lose.

That's not a sacrifice, but a big risk that you take and also lose it all.

Some of my sacrifices in trading were when I decided to hold some coins that were about to snapshot a new coin and in the end I held it and I lost a lot because the market was crashing. maybe if you are an old trader you will remember the NXT snapshot that will get IGNIS coins.

[rat03gopoh]

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?

First, I'm not sure how successful I have been, is there a standard of judgment to self-proclaimed success?
I've traded to multiple platforms just to catch up on a few coins listed exclusively on an exchange. Yeah, maybe my significant sacrifice is my identity on KYC processes. I wouldn't take the loss in nominal terms as a sacrifice, in fact it will likely recover after some time.

[bettercrypto]

I don't remember that I made any sacrifice when I was doing crypto trading here in this business industry to be honest even now.

Maybe, what you mean is that you were able to sell your holdings at a price that was against your heart desicion because you were at a loss but because you had no choice you still sold it for emergency purposes, instead of holding it for a few years, is that right?

[doomloop]

You are right that trading as a side hustle is profitable and those who totally depends on trading become more likely to face risks as if they don't get any  profit then it will become hard for them to continue trading. Trading should be considered as a part time job as it is very risky you don't know that in next step will you be a profitable trader or loss all your money so just put little money and continue your regular job with part time job as trading.

I think you are taking trading as gambling because I don't think that you can lose all your money in trading unless you are trading futures without knowledge and experience or trading tokens which are not worth trading at all, otherwise, if you gain some knowledge and experience and trade with caution and follow risk management techniques and practices, you shouldn't face many issues.

Trading can be a full-time gig if you understand how everything is done, all you need is good capital, enough knowledge, experience, and time, then focus on your trades and risk-management, you can earn good enough to live your life with ease if you can manage it well.

[safar1980]

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 the logistics company has ceased to generate income, then such a serious step can still be understood, but according to statistics, transport companies make good profits and drivers receive good salaries even in the most crisis periods, because it is difficult to work without transportation.

[Gallar]

As long as I have been active in the crypto world, there have been sacrifices, but what I have felt so far, the sacrifice that can be felt the most is that I spent a lot of time at my desk while analyzing the market and learning about crypto. I have never sold any goods for trading capital or investing in crypto, because I really use the savings I have, and even then not all of it. Because in my personal opinion, if you trade or invest in crypto, you don't need to do something that I consider risky and excessive. I can think like this maybe because I am a person who does not want to take too deep risks, and that includes investing or trading in crypto. But even so I now feel grateful, because now I can already reap the rewards of my short and medium term trading in crypto.

And maybe for people who are able to cross the limit of their fear, maybe they will dare to sacrifice any valuable object to be used as capital to trade in crypto, and I consider such actions not wrong, the most important thing is not to borrow for capital to trade in crypto. Because increasing capital in the crypto world, it is definitely a step that must be full of calculations, and cannot be half-hearted. Because if the mind and heart are still half-assed, I think it will not be good.

[MFahad]

• Spend less, and stay away from unnecessary things.
• Start saving in your time, in your expenses and avoid any behavior that leads you to more spending.
• Think and learn how to invest your money, the more you know, the more you build a clear goal and the easier it will be for you to achieve your ultimate goal.
• Dream and keep dreaming. If your dream is a car, dream that you are driving it and it will come true.

People sacrifices for success and every success needs sacrifice but if certain rules are followed then person will easily get profit rather than sacrifice anything.

These points are necessary to avoid harsh condition whenever you need money like if you save money when you have good amount of money then you will not take loan whenever you need certain percentage for necessary things or make investment. I think that if those things which are not crucial for life should be stop to use because lots of people are spending much more money in useless activities which enables you to save money.

Learning before investment is also very important because money comes very hardly so selection of coin and using of knowledge will be most important things which will give you fortunate destination.

[Rengga Jati]

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?

I thought, I didn't make such a big sacrifice for trading, like that person did or something like that. Only sacrificing free time to learn about trading, to do research, and also to do trading itself. I'm not the type of daily trader who is very significant in trading, so it's only natural. As long as it continues to produce and earn more profits, that's enough. So it's not for trading that really takes up time, energy, thoughts, or money. Because I live with my small family, I have to stay under control so as not to be lured into trading with risks that are too high. Even though all of that still needs a process, until finally I decided to only focus on Spot trading, not futures.

[tygeade]

As long as I have been active in the crypto world, there have been sacrifices, but what I have felt so far, the sacrifice that can be felt the most is that I spent a lot of time at my desk while analyzing the market and learning about crypto. I have never sold any goods for trading capital or investing in crypto, because I really use the savings I have, and even then not all of it. Because in my personal opinion, if you trade or invest in crypto, you don't need to do something that I consider risky and excessive. I can think like this maybe because I am a person who does not want to take too deep risks, and that includes investing or trading in crypto. But even so I now feel grateful, because now I can already reap the rewards of my short and medium term trading in crypto.

And maybe for people who are able to cross the limit of their fear, maybe they will dare to sacrifice any valuable object to be used as capital to trade in crypto, and I consider such actions not wrong, the most important thing is not to borrow for capital to trade in crypto. Because increasing capital in the crypto world, it is definitely a step that must be full of calculations, and cannot be half-hearted. Because if the mind and heart are still half-assed, I think it will not be good.

Spending time on it is a big enough sacrifice that you do not have to do anything else to be fair. Because time is not something we can earn back, even if you lose all your money on bitcoin, you can find a job, work and earn a salary and you can make that money back, hell even if it is too much then you could get a lottery ticket and win it all back. I am not saying it will happen, but it is "possible" that's the important part, it is not impossible, technically speaking you can earn it all back.

However, when you spend time on something, there is no turning it back, you don't really end up getting anything back, you may have a better future thanks to it, or even better today, but you will not get the time back so what you sacrificed is bigger than people who only spent money on it.

[nara1892]

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?

I thought, I didn't make such a big sacrifice for trading, like that person did or something like that. Only sacrificing free time to learn about trading, to do research, and also to do trading itself. I'm not the type of daily trader who is very significant in trading, so it's only natural. As long as it continues to produce and earn more profits, that's enough. So it's not for trading that really takes up time, energy, thoughts, or money. Because I live with my small family, I have to stay under control so as not to be lured into trading with risks that are too high. Even though all of that still needs a process, until finally I decided to only focus on Spot trading, not futures.

Yes, that's right, maybe only some people are ready to do things that are beyond their limits, such as selling valuables or the like, because there is no guarantee that we will be successful, especially when trading futures, where we know what kind of risks are involved.
I am a trader just like you, I only trade in my free time, or in other words I am not too focused and become a day trader which will indeed take time and thought, because I have another job besides that. Moreover, the trading that I do is more spot trading than futures trading. I don't want to take a big risk, but as long as I can minimize my risk then I will do it.