Persevering Through Crypto Trading Losses

[Wind_FURY]

I believe, that in the current market condition, is when many people start to understand why Bitcoin HODLers want to be Boring Bitcoin HODLers. Because it's easier to persevere through the large amounts of paper-losses knowing that you're HODLing something truly valuable, and something that other users would be willing to HODL with you. It's not like those shitcoin communities, their objective is to dump first before you could dump.

People usually feel more easily to HODL in bull market, they intend to HODL till a very high target price but when market turns to bearish, they missed a good chance to take profit, feel uncertain and will sell some time in a bear market.

If a pleb like us sold because they thought that they missed a good chance to take profit, then they should do what I do - store most of it in cold storage in an offline computer, which will make signing for a transaction more complicated, which would also force the user to "sit on his hands" during a market panic. They should also learn more about Bitcoin and perhaps become a believer in its ethos.

They HODL when they need to take profit and sell when they need to HODL. It's bad if they miss some opportunities to take profit around ATH in a bull run but if they missed it already, and recognized it too late when bear market already began many months, it's time for them to HODL and wait for a next market cycle, like 2 years later.

¯\_(ツ)_/¯

HODL is sort of shorting fiat and the legacy financial system. It's making Bitcoin your back-up/fall-back/insurance policy when the system breaks. If you "HODL" merely for profit, although that's a very small part of it, then you're not actually HODLing for the right reasons.

[uswa56]

Yes, if trading is not meant for you, then move to other options but never leave crypto. There’s a lot of money making opportunities with crypto, all we need is to explore them and develop those knowledge and skills that will make us capable earners in the years to follow. Don’t get too obsessed with trading, you can buy and hold and do the less risky thing, as you will still end up making it big if you are holding a good amount of bitcoin.

When we realize that what we are doing will not be able to get any profit after we try as hard as possible, of course it would be better for us to look for other options. As you have said, it is very correct, if we fail in trading then we can try to invest in crypto and Choosing to hold Bitcoin in the long term will certainly give us profits when we are able to collect regularly and when the increase comes it will certainly be very profitable.

Continuing to develop knowledge and skills in the crypto world will of course give us clear direction when investing or trading and with the knowledge we have it will certainly make it easier to make profitable decisions both in investing and trading.

[el kaka22]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

[Mahanton]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

On the moment that you would really be tending to have that kind of dealing towards trading then you should really be that making yourself that getting prepared at least on how this market moves and behaves.
On the moment that you are anticipating something different then it would really be causing up that kind of shock on which at the moment that you would be losing money then likely you would really be quitting up
directly just because you hadnt been expecting such loses. Whereas, in compared to those people who had been that trying out to bare up with the risks involved since they've been expecting those loses
but trying out to lessen up the risks on the moment that they will really be applying some strategies or any possible ways and methods on which they could really be able to deal on with.

Bare and survive with those loses and trying out to cope it up gradually. Dont make yourself that being impulsive and act like a gambler because this isnt how this market should really be needing for you to deal with of with.
You would really be needing to be versatile as much as possible and would be that wise as possible and also with having that tough emotions and control in towards it because on the moment
that you would be having that breakdown then you would definitely quit up on the spot.

[Cookdata]

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

If you are in the crypto space during the 2020 general collapse of the stock exchanges and cryptocurrency markets, you will see that a lot of prominent traders made a loss of their 5-10 years portfolio but some of them were smart, didn't sold but due to the corona spread and fear among people, some of them sold, I know about a YouTube that is smart and has been in this game of trading all his life but loss everything in a day, tragic loss in trading can happen to anyone.

The quiting part now depend on what really happen. If you are trader and what I just narrated above happened to you, why do you need to quit when all your life has been trading and nothing else. Taking some break wouldn't be bad but quiting is means you are a loser and you don't really rate your trading experience else I don't think there is a need to quit your source of income no matter the losses you encounter in the same businesses you have made more than your losses.

[Jegileman]

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

Trading in general whether crypto trading or forex trading has not been that easy for anyone. And for those that are successful in them can really tell more the stories, the big losses, the disappointment and discouragements they’ve had to endure to get this far. Just one big loss should not make you as a profitable trader lose interest in trading. If you’re that successful trader, you can earn back more than what you’ve lost in few trades. Trading is not easy and for you to have spent your time, effort and money into them, you should just have believe that there’s light at the end of the tunnel and you’ll definitely get there one day and when you do, you’ll be compensated for all of your losses. By then, anything about money management, perseverance and would have been mastered by you and that’s a huge step towards been a profitable trader.

[milewilda]

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

If you are in the crypto space during the 2020 general collapse of the stock exchanges and cryptocurrency markets, you will see that a lot of prominent traders made a loss of their 5-10 years portfolio but some of them were smart, didn't sold but due to the corona spread and fear among people, some of them sold, I know about a YouTube that is smart and has been in this game of trading all his life but loss everything in a day, tragic loss in trading can happen to anyone.

The quiting part now depend on what really happen. If you are trader and what I just narrated above happened to you, why do you need to quit when all your life has been trading and nothing else. Taking some break wouldn't be bad but quiting is means you are a loser and you don't really rate your trading experience else I don't think there is a need to quit your source of income no matter the losses you encounter in the same businesses you have made more than your losses.

There would really be those smarkt and those who had had sold their portfolio on that time are really that having that huge regret on which we know that when it comes to market recovery then it could really inevitably happen because we cant really be just having a market that would really be dumping forever.Whereas, time will come that there would really be such recovery and to those who had sustained and to those who had
panic sell then for sure they are really that regretting into the decisions that they had made out into those years but well we do know that shit decisions happen and its not over as long this market is up and running
then there's so much opportunity that you could really be able to deal with and with those past bad experiences will really be that a lesson learn for you.

It is really just that there are individuals who cant really be that able to make themselves that learn despite of those past events that they had been able to experience.
You would be needing to be versatile and you would really be needing to make out adjustments.

[btc_angela]

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

I'm not a big trader or what, but I will just talk about the experience of losing big money like in gambling. I wouldn't say that quitting will be an option if you don't get involved with shady characters like mafia or gang. But if you have like this kind of people surrounded by you, most likely you don't have a choice do you?

As compare to just alone, trading and incurring lost losses and not borrowing from anyone, I think it's better to just stop for quite some time, look at what when wrong and maybe reconsider everything because of not being successful as a crypto trader.

[Lanatsa]

Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.

I'm not a big trader or what, but I will just talk about the experience of losing big money like in gambling. I wouldn't say that quitting will be an option if you don't get involved with shady characters like mafia or gang. But if you have like this kind of people surrounded by you, most likely you don't have a choice do you?

As compare to just alone, trading and incurring lost losses and not borrowing from anyone, I think it's better to just stop for quite some time, look at what when wrong and maybe reconsider everything because of not being successful as a crypto trader.

Although there are really that things in life that no matter how hard we do try and how long we've been involving or dealing into but still we do end up on being a failure. This is why on the moment that you've seen yourself on such condition then it would really be best on quitting up for good and look for another career that you could really be able to put your focus with. Just like been said that it would be best that you shouldnt really be quitting up immediately on the moment that you will be experiencing loses because it is really just that part on what you are dealing on with. You cant just trade up without any risks involved.
If you do earn some then you would be losing some and it would really be that totally depending on how good you would be with your trades on which this one will really be that different on each person on how
well they do make their trades.

Just dont make yourself ending up on being a gambler because it would really be just that making things even more worst.Its better to quit up and find another place on where you could make money
on which we know that there are other ways or methods but if you are really that wanting to trade then you would need to sustain no matter what.

[livingfree]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

I pity those that are able to make with their entire lifetime earnings through trading and with a few mistakes, they're able to lose them all.

It's not a fairy tale but it does happens in real life and I've seen some stories of it and some of them became popular on Twitter now, X.

That is true that it's not yet the end of the world but with those people, it's hard to get up from their feet and stand again and do what they used to do.

But there's no way for them to go but to keep on trying again and start from zero and make themselves heroes again.

[stadus]

We should not stop learning because if we stop, we will not for sure grow as individual traders in this field of crypto space. Facing loses can help us to grow more and to learn a lot from the mistake we made, at in that way we think deeply to resolve it the next time we do trade again and again here in the crypto space, isn't?

It is good to continue to trade after some losses, but if the losses is huge and it is getting more than 2 or 3 or 4 or more years, trading may not be for the person. In reality there are people that trade and continue to lose. Some people's losses comes from greediness and as a result of looking for huge win, but while trading, they will only experience losses. Such people should just quit and wait for the right time to hold their coins.

Mistakes and losses should not be enough reason to give up but should create more motivation to improve and prosper. But despite all of this, if everything you do still fail and end up with losses, then I think shifting of plans or career is quite the best thing to do.

You can't stay in trading and suffer in losses, but should be more productive and profitable as it should be. When you don't see it happening after all those attempts, then it would be better to accept the fact that you're not born to be a good and reputable trader.

[Maslate]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

I pity those that are able to make with their entire lifetime earnings through trading and with a few mistakes, they're able to lose them all.

It's not a fairy tale but it does happens in real life and I've seen some stories of it and some of them became popular on Twitter now, X.

That is true that it's not yet the end of the world but with those people, it's hard to get up from their feet and stand again and do what they used to do.

But there's no way for them to go but to keep on trying again and start from zero and make themselves heroes again.

That is the reality not only in trading but even in life as well. If you don't continue and move forward, you'll be stuck with nothing.

Trading has made it clear from the start that it's never easy but certainly tough and hard, the reason why if we aim to be successful traders, hence we have to train ourselves the hardest way possible in order to achieve the heights of success. Otherwise, if we don't strive hard at first, we will only commit series of mistakes until we end up with nothing to trade anymore. This is what happens to those easy traders who think that trading may easily turn into profits, only to realized that it's certainly the opposite.

[livingfree]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

I pity those that are able to make with their entire lifetime earnings through trading and with a few mistakes, they're able to lose them all.

It's not a fairy tale but it does happens in real life and I've seen some stories of it and some of them became popular on Twitter now, X.

That is true that it's not yet the end of the world but with those people, it's hard to get up from their feet and stand again and do what they used to do.

But there's no way for them to go but to keep on trying again and start from zero and make themselves heroes again.

That is the reality not only in trading but even in life as well. If you don't continue and move forward, you'll be stuck with nothing.

Trading has made it clear from the start that it's never easy but certainly tough and hard, the reason why if we aim to be successful traders, hence we have to train ourselves the hardest way possible in order to achieve the heights of success. Otherwise, if we don't strive hard at first, we will only commit series of mistakes until we end up with nothing to trade anymore. This is what happens to those easy traders who think that trading may easily turn into profits, only to realized that it's certainly the opposite.

It's hard to move on but that's how life is. It's true that they need to do something for them not to get stuck because worst might come next to that if nothing is done by that person.

That is why if you're making some great gains as of now, you need to be wise in all your financial decisions. Save for the rainy days as they say because you will appreciate that moment when that day comes.

Be committed to your own hustle and remember that it's not always as good as expected but then, if you've saved enough and wise in spending, you'll thank yourself for that.

[Russlenat]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

Yes,losses normally happen when trading, and as long as you also make some profits aside from losses, I think that's really fine and not something to worry about. Just change your mindset that in trading, one sometimes need to endure losses first before he will learn and improve his trading strategies. But if within 3-5 years you still end up with losses, I guess you have to evaluate yourself again, or evaluate your skill and trading strategies if they are still working or not.

[boty]

Yes,losses normally happen when trading, and as long as you also make some profits aside from losses, I think that's really fine and not something to worry about. Just change your mindset that in trading, one sometimes need to endure losses first before he will learn and improve his trading strategies. But if within 3-5 years you still end up with losses, I guess you have to evaluate yourself again, or evaluate your skill and trading strategies if they are still working or not.

Everyone who trades will of course experience losses in the trades they make either because of mistakes they make in analyzing or because they lack knowledge about an asset they choose to trade and for those who are just starting out, of course this is very normal and good for them. they use it as a lesson so that they no longer repeat the mistakes they have made in trading so that they will be able to make profits in trading and if someone continues to experience losses, of course they will not learn from the mistakes they have made and it would be better for them to try other options. in crypto is like making an investment and this has a slightly smaller risk compared to trading.

[Pandu Geddon]

Everyone who trades will of course experience losses in the trades they make either because of mistakes they make in analyzing or because they lack knowledge about an asset they choose to trade and for those who are just starting out, of course this is very normal and good for them. they use it as a lesson so that they no longer repeat the mistakes they have made in trading so that they will be able to make profits in trading and if someone continues to experience losses, of course they will not learn from the mistakes they have made and it would be better for them to try other options. in crypto is like making an investment and this has a slightly smaller risk compared to trading.

Yes, you may be right. sometimes one has to try other things to find out where their luck and skills lie. Being persistent in studying is certainly important. Not giving up easily is the key to success. In investment it is also the same, persistence must be the main characteristic to be successful.
No one becomes an expert in any field without studying and diligently. if it fails then repeat, if it still fails, then repeat and improve again. every failure provides a lesson.

[pusaka]

Everyone who trades will of course experience losses in the trades they make either because of mistakes they make in analyzing or because they lack knowledge about an asset they choose to trade and for those who are just starting out, of course this is very normal and good for them. they use it as a lesson so that they no longer repeat the mistakes they have made in trading so that they will be able to make profits in trading and if someone continues to experience losses, of course they will not learn from the mistakes they have made and it would be better for them to try other options. in crypto is like making an investment and this has a slightly smaller risk compared to trading.

Yes, you may be right. sometimes one has to try other things to find out where their luck and skills lie. Being persistent in studying is certainly important. Not giving up easily is the key to success. In investment it is also the same, persistence must be the main characteristic to be successful.
No one becomes an expert in any field without studying and diligently. if it fails then repeat, if it still fails, then repeat and improve again. every failure provides a lesson.

This is a principle that we must adhere to, don't give up easily on something, be willing to try new things and also continue to learn without limitations. If we can do this then I have confidence we can achieve success.
Traders who are now professional traders will also experience the same process, feeling failure is a normal thing in my opinion. But they keep trying and fixing what went wrong in their previous trades so they have to experience failure. There is no instant process in this world, everything takes time in the process. It will depend on us, whether we will be able to get through the process, or we will be the ones who give up halfway.

[Hamphser]

Everyone who trades will of course experience losses in the trades they make either because of mistakes they make in analyzing or because they lack knowledge about an asset they choose to trade and for those who are just starting out, of course this is very normal and good for them. they use it as a lesson so that they no longer repeat the mistakes they have made in trading so that they will be able to make profits in trading and if someone continues to experience losses, of course they will not learn from the mistakes they have made and it would be better for them to try other options. in crypto is like making an investment and this has a slightly smaller risk compared to trading.

Yes, you may be right. sometimes one has to try other things to find out where their luck and skills lie. Being persistent in studying is certainly important. Not giving up easily is the key to success. In investment it is also the same, persistence must be the main characteristic to be successful.
No one becomes an expert in any field without studying and diligently. if it fails then repeat, if it still fails, then repeat and improve again. every failure provides a lesson.

This is a principle that we must adhere to, don't give up easily on something, be willing to try new things and also continue to learn without limitations. If we can do this then I have confidence we can achieve success.
Traders who are now professional traders will also experience the same process, feeling failure is a normal thing in my opinion. But they keep trying and fixing what went wrong in their previous trades so they have to experience failure. There is no instant process in this world, everything takes time in the process. It will depend on us, whether we will be able to get through the process, or we will be the ones who give up halfway.

You should really be putting up into your mind  that if other people could be able to do such thing then why cant you? This is something that i would really be always having in my mind if ever i would really be having those hard times then i would really be just that simply thinking up those thoughts and would really be that tending to continue further instead of quitting. Only losers quit up easily on which we know that trading is never been easy or something that would really be that too challenging. Loses are inevitable and if you are someone whose really that easily giving up then after a few loses
then you would definitely be quitting on the moment that you would be losing and this is something that would really be not that good not unless if you've been trading up for so long but still
ending up on being unprofitable then it is really just that right that you should really be quitting up.

[Wind_FURY]

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

That's very VERY easy to say, but it's absolutely hard to do. The decisions we make, especially investment/trading decisions, are most of the time controlled by our emotions. If a person panics easily, then he/she could panic easily as well. WE should have emotional stability at all times. But how do you have that in investing/trading if your portfolio is full of shitcoins that might crash to ZERO?



The solution is simply to HODL Bitcoin.

[hyudien]

This is a principle that we must adhere to, don't give up easily on something, be willing to try new things and also continue to learn without limitations. If we can do this then I have confidence we can achieve success.
Traders who are now professional traders will also experience the same process, feeling failure is a normal thing in my opinion. But they keep trying and fixing what went wrong in their previous trades so they have to experience failure. There is no instant process in this world, everything takes time in the process. It will depend on us, whether we will be able to get through the process, or we will be the ones who give up halfway.

You should really be putting up into your mind  that if other people could be able to do such thing then why cant you? This is something that i would really be always having in my mind if ever i would really be having those hard times then i would really be just that simply thinking up those thoughts and would really be that tending to continue further instead of quitting. Only losers quit up easily on which we know that trading is never been easy or something that would really be that too challenging. Loses are inevitable and if you are someone whose really that easily giving up then after a few loses
then you would definitely be quitting on the moment that you would be losing and this is something that would really be not that good not unless if you've been trading up for so long but still
ending up on being unprofitable then it is really just that right that you should really be quitting up.

you are right, when other people can then why can't they? I think that's the question. Then we have to find out why other people can be successful with what they do, don't they go through a learning process? I said no. Because we only see when they achieve success, but we don't see what they have gone through so far. Therefore, that is the reason why we have to find out more about what they do and feel so that they can achieve success.
because I am very sure that they also went through a very difficult process, but they did not give up easily to get the results they wanted in the end. Some of the reasons why we are not as successful as others are because we give up quickly. I'm talking about this not talking about other people, but I'm telling my own experience, and that makes me better now.