Persevering Through Crypto Trading Losses

[mirakal]

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.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

[Lantind]

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

To make consistent profits from trading is certainly not an easy thing and I have also seen someone like the one you are telling me about and in my opinion they have been very good at trading but they have also experienced failure in the trading they do, but they never thought about leaving. trading because they already know well what they have to do and if they want to return to trading they will of course be more careful and will not repeat the mistakes they have made and you are right it is not possible for someone to learn trading easily of course they have to go through various processes to become a successful trader.

[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.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

I truly hope that after very large losses, that person who will never quit trading will find some success and actually break-even then make more and profit. Because if he/she doesn't, and he/she has used all of his/her savings, then continues to lose more with his/her monthly salary, there should be an intervention, no? Gambling Addiction may be mistaken for "Motivation" in some situations.

[Strongkored]

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?

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

[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.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

I truly hope that after very large losses, that person who will never quit trading will find some success and actually break-even then make more and profit. Because if he/she doesn't, and he/she has used all of his/her savings, then continues to lose more with his/her monthly salary, there should be an intervention, no? Gambling Addiction may be mistaken for "Motivation" in some situations.

Success isnt a guaranteed thing and this is why it would really be that recommended that you should be considering that you would be somewhat realistic if ever thing doesnt come on your way. There's no guarantee of success but doesnt mean that you wouldnt really be finding up ways or would really be doing hard work just because you've been that you arent that making those profitable trades. For those who do quit up easily
then it would be that not a good thing because we do know that learnings come from those mistakes and it would be a normal thing that you would really be needing to apply those learnings that you have gained into those loses back in the past and would really be that making much more better approach into the next trades that you would be making.

The only time that you would really be needing to consider on quitting or stopping is on the moment that you've been trading up for so long but you didnt see any progress into your trades
on which simply means that you arent that doing something good and it would really be just that better that you should quit or look for another career or thing that
to get involved with.

[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.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

I truly hope that after very large losses, that person who will never quit trading will find some success and actually break-even then make more and profit. Because if he/she doesn't, and he/she has used all of his/her savings, then continues to lose more with his/her monthly salary, there should be an intervention, no? Gambling Addiction may be mistaken for "Motivation" in some situations.

Success isnt a guaranteed thing and this is why it would really be that recommended that you should be considering that you would be somewhat realistic if ever thing doesnt come on your way. There's no guarantee of success but doesnt mean that you wouldnt really be finding up ways or would really be doing hard work just because you've been that you arent that making those profitable trades. For those who do quit up easily
then it would be that not a good thing because we do know that learnings come from those mistakes and it would be a normal thing that you would really be needing to apply those learnings that you have gained into those loses back in the past and would really be that making much more better approach into the next trades that you would be making.

The only time that you would really be needing to consider on quitting or stopping is on the moment that you've been trading up for so long but you didnt see any progress into your trades
on which simply means that you arent that doing something good and it would really be just that better that you should quit or look for another career or thing that
to get involved with.

But people should always discern from themselves what's "motivation" and what's addiction. If a person who has been "day-trading" for five years, and still continues to lose his/her monthly salary to the market, then is that truly motivation or an addiction towards gambling his/her salary/savings in crypto? I believe that a normal person would have a point of acceptance that he/she can't trade and would stop such behavior.

[justdimin]

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.

You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.

[Zadicar]

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.

You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.

The main thing that do comes up into their mind is that they are trying out to catch up everything on which this is something that would really be the most common approach on where people would be that trying to cope up or trying to take action with is that despite of being risky they would really be diving in and would really be trying out to make those kind of investment even if it means on touching up random projects just because they dont really like on missing up something and in result then most of those projects or coins are really that kissing on the floor and this is why on the moment that they would really be experiencing such
losing condition or moment then they would really be neither having those realizations or really be trying out to cope up with those loses and make themselves that impulsive.

Risk management would really be that something be relevant on the moment that you would really be dealing up with this market because on the moment or time that you wont really be that trying out to
have that kind of careful approach on things then you would really be that prone into tons of mistakes on which it would really be that resulting in too much negative impact.
So it would really be that situational basing up on someones approach.

[milewilda]

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.

You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.

One of the main reasons on why people would really be trying out to dive and get involved with meme coins is that they could make huge money or even getting rich on the moment that they would be able to hit up the right spot but as said that with thousands that been launching then it would really be that so hard to spot out on which is one. This is why i do consider out that trading or investing with meme coins would be somewhat be considered to be having some part on gambling approach because it would really be hard to apply any analysis into it on which we know that this isnt something that would be possible into these earliest
time on these tokens are really that into on which this isnt really just related to meme coins but even into those projects.

There's no way that you could really be able to ensure yourself that you could really be that successful on any trades on which is why it would really be that better that you should really
making yourself knows on how to handle up such risks on this regard.

[Hamphser]

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.

You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.

One of the main reasons on why people would really be trying out to dive and get involved with meme coins is that they could make huge money or even getting rich on the moment that they would be able to hit up the right spot but as said that with thousands that been launching then it would really be that so hard to spot out on which is one. This is why i do consider out that trading or investing with meme coins would be somewhat be considered to be having some part on gambling approach because it would really be hard to apply any analysis into it on which we know that this isnt something that would be possible into these earliest
time on these tokens are really that into on which this isnt really just related to meme coins but even into those projects.

There's no way that you could really be able to ensure yourself that you could really be that successful on any trades on which is why it would really be that better that you should really
making yourself knows on how to handle up such risks on this regard.

Meme coins are like gambling but if you can handle out such small % of success on making good amount of profits then go ahead and trade with it, but if you are someone
whose really that skeptical with those probabilities then you should really be that avoiding on making up those kind dealings but instead stick into those solid projects or coins in the market.
Just like on what you have mentioned that it all matters with risks management and taking or acceptance since not everyone would really be on the same level in regarding to this.
Loses are something which is normal on which you could really be that able to learn things basing up into those mistakes that you had encountered. Instead on seeing this
to be a negative thing, it would really be better that you should really be taking this as your basis to be more better.

[Viscore]

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?

If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.

I certainly agree on this. Don’t stop trading, but avoid trading those shady, unfamiliar coins because they don’t seem to be helpful for you. Otherwise, you will just put into waste all those years that you have been training in trading, and you will miss all the opportunities to get massive profits. As long as losses don’t still outnumbered your wins, that’s good to say that you should stay trading and continue to improve it, rather than leave trading for good and your chances to make life changing profits will be instantly gone as well.

[nelson4lov]

Went through the replies on the thread. This was just what I needed: reading everyone's diverse opinions about why staying amidst conservative losses is better in the long run. I've had a poor run of trades lately and it's mainly due to the fact that market price action has been pretty shitty lately. We have had major catalysts for a full blown bull run like the Bitcoin halving, Bitcoin abd ETH ETFs; yet, most assets are down from recent highs even as much as -80%. Very very terrible. But in spite of all these, I've found some courage to still show up because there's always going to be opportunities in the market and I have to be there to take it.

[South Park]

Went through the replies on the thread. This was just what I needed: reading everyone's diverse opinions about why staying amidst conservative losses is better in the long run. I've had a poor run of trades lately and it's mainly due to the fact that market price action has been pretty shitty lately. We have had major catalysts for a full blown bull run like the Bitcoin halving, Bitcoin abd ETH ETFs; yet, most assets are down from recent highs even as much as -80%. Very very terrible. But in spite of all these, I've found some courage to still show up because there's always going to be opportunities in the market and I have to be there to take it.

Sometimes we have to look at the long term prospects of this market to motivate ourselves to keep pushing forward, as there is no way to deny the short term movements of the market have not been good enough for traders and investors alike, and it is easy to think these conditions may last forever, but the thing is they wont, so as long as you can keep yourself afloat and limit your losses, you will be around when the market once again goes up and you will recover all the money you have lost so far.