Persevering Through Crypto Trading Losses

[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.

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.

On the moment or time that you've seen yourself on having such condition on where you've been doing some trading for 5 years but ending up on still on loses, and the worst you've been making use of your salary funds
on funding up such trading capital then it would really be that impossible that you couldnt really be able to point out on such condition and you wouldnt really be acting out accordingly into it.

On the time or moment that you've seen that you arent that progressive on what you are doing then 1 year or few months will really be that enough for you to find or look out whether you are doing good or not.
Although making yourself learn in doing trading wont really be just that be in short time basis but rather it would really be something that do talks a long period of time but just like been said that on the moment
that you've seen yourself not showing any progress then it would really be that impossible that you cant be able to determine whether you should really be stopping on what you are doing and pursue another
career specially on the moment that you've seen yourself that you arent doing well.

[RockBell]

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.

The only reason an experience trader will quit might be as a result of finance because for them to be experience they would have made good profit so quitting should not be an option because they knew what they went through to become experience in trading. And in the process of trading always you will always want to invest your money and everything you are getting into trading. And that is the reason some people think trading is addictive. The economy is not in favour of everyone, and people actually need motivation because what you will go through you will actually need motivation and encouragement. No matter what you must have passed through in learning so I won’t give up.

Experience will always be a trigger for us to change and with that experience we can also make studies regarding previous trading failures. Trading changes everything, attitudes, emotions, management and many other things, trading also matures us in thinking so that it will give birth to formulas for managing finances well. Through trading people will learn how to make money, but it requires the ability to study and if trading is not the right choice then use investment as an option.

Everyone experiences difficult times and we learn from time to time to get out of these problems, even though sometimes it is difficult and full of challenges. If experience does not teach us to change then it will be difficult for anyone to get out of financial problems and now to get out of financial problems we have to have the courage to take risks.

If you have experience, I believe you should concentrate on improving yourself and continually learning from your mistakes during losses. Occasionally, we forget that the most important thing to remember is not how long you have been trading, but rather how profitable you have been. Emotions is even worst when you are trading because the moment you lose it and you can not longer manage it anymore then you won’t have a choice than to give up. After all the hard work is not worth it. There are facts that you have to accept when trading. Their experience traders that make worst mistakes than even newbies is good you take risk but don’t make silly decisions and that is why controlling of emotions is very important. From time to time you just have to accept what you have already lost been mature emotionally will actually make things easy for you.

[dunfida]

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.

The only reason an experience trader will quit might be as a result of finance because for them to be experience they would have made good profit so quitting should not be an option because they knew what they went through to become experience in trading. And in the process of trading always you will always want to invest your money and everything you are getting into trading. And that is the reason some people think trading is addictive. The economy is not in favour of everyone, and people actually need motivation because what you will go through you will actually need motivation and encouragement. No matter what you must have passed through in learning so I won’t give up.

Reasons for someone to consider on quitting.

1. Financial incapability
2. Cant bare up with the risks involved
3. Been doing trading for long time but still havent any progression
4. Emotionally unstable

On the time that you do deal up with trading then it will really be just that normal that you will really be having those loses because its always been part of this trading journey.
You should be making yourself be wary that moving prices will really be incur possible loses on the moment or time that it would really be going opposite into the direction
on where we had put up our position. This is why it would really be that significant that you do really know on what you are dealing with and what are the things that could
possible happen.

People do really be making bad decisions on the time that they will really anticipating too much or expecting positive returns without even trying out to look
about those other probabilities on which could possible happen and this is really that a very common mistake of someone.

[nelson4lov]

Recently took an L and got my trading accounts in a drawdown which will take very consistent wins to get out of. Losing is always painful whether you're trading or playing in a PvP contest/competition. It sucks to lose that's why whenever I have one of these losing days, my emotions go downhill and the best way I've found to "deal" with the losses is to occupy time and fill the mind with other enjoyable activities. Once you've gotten enough of that, you can start to begin reflecting on what you did wrong and what you could have done better. Works for me, really.

[South Park]

Recently took an L and got my trading accounts in a drawdown which will take very consistent wins to get out of. Losing is always painful whether you're trading or playing in a PvP contest/competition. It sucks to lose that's why whenever I have one of these losing days, my emotions go downhill and the best way I've found to "deal" with the losses is to occupy time and fill the mind with other enjoyable activities. Once you've gotten enough of that, you can start to begin reflecting on what you did wrong and what you could have done better. Works for me, really.

This is a must, as it is often the case that once a trader finds themselves losing money, they try to recover it immediately and trade the markets with a feeling of begin cheated as the market did not moved as they expected it to move, but that is the wrong approach to the markets, since this will lead to further losses, the correct path to take is what you are doing, since taking some time to clear your mind and enjoy yourself will lead you to avoid taking rushed decisions and eventually you will get back on track once you see another good opportunity to make a trade.