Persevering Through Crypto Trading Losses

[Davidvictorson]

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.

[slaman29]

Hey boss bro, if you don't quit at life because of a few shady characters, you don't quit at anything because of shady characters.

I would, though, if I'm trading, ask myself if I had to share the blame and not just blame it all on shady characters.

Also, I would say that you should have a target or some kinda milestone for quitting. And you should quit when that target is reached. If I kept losing and losing no matter how much I strategize or keep discipline, I think I have to stop at some point, right?

BTW I quit trading a few years ago after >10 years doing forex, stocks, then crypto. I made some, lost some, overall probably a bit in profit, but I felt I was losing too much time for very little gain and nosleep nights sometimes lol. Crypto trading actually gave me the biggest push to stop, also because it had the shadiest characters in a way

One of the best decisions I ever made honestly:P

[Oshosondy]

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?

What shady character? Did you mean if the trader is trading those useless coins? A good trader will first study the coins he wants to trade before trading with it. A good trader will check the information of a coin or token like its marketcap, its overall trading volume and liquidity and its trading volume on the exchange he is using. He also need to check the price and look for possible manipulation.

[X-ray]

quitting trades because loss caused by shady character really sounds like that person trading a lot of shit coin and got really bad result, I thought a crypto trader with years of experience would know before hand that they should do risk management only allocating really small money to speculative trading that carries high risk.
I'm pretty sure doing that would spare you of losing money because of shady characters that you described above.
moreover, if you're drained of capitals due to that loss, what you can do anyway, you just start from the very beginning with low capital and make your way up, its gonna be tough, but you need to think whether its worth holding onto trading, judge the profit you generated each year to determine whether its worth or not.

personally with trading, the worst day I got is when sudden market dumps occur, then I got heavy loss and just move on, since I do risk management usually even though loss is heavy, i still have capitals left to start again.
its just how you approach how you trade, going all in to an investment is just never really worth it when you have big capital in your hands.

[yhiaali3]

Frankly, I did not understand what you mean by your phrase "who just encountered a massive loss because of a few shady characters." What do you mean by shady characters? How can you face a loss because of this "shady characters" ? Explain please.

As for me, I went through a lot of difficult times in trading, and I had a lot of losses and bad times, but I did not give up. I learned from my mistakes and try to avoid making more in the future. I have now gained good experience and know how to manage my trading well.

Perseverance, patience, as well as learning are the most important things a trader must possess.

[maydna]

When someone encountered a massive loss in trading, he needs to take a break for a while to calm his minds and emotions. Trading needs to have skills to analyze the market, selecting the coins and other things and without learning how to analyze, that person will not have a chance to make a profit. If you can learn many things about trading, you will not have a problem and will always aware and careful when analyze. You will be careful using money for trading because you will not wants to risks too much money in trading. When you loss in trading for some time, you will realizes that is the time for you to stops trading for a while and will not trying to recover the lose because that can makes your emotion increase and will makes you lose control.

[batang_bitcoin]

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 isn't for everyone and for those that have years of experience, it doesn't give you a ticket to be exempt with the cruelty of the market. I've seen bunch of traders that have lost their entire lifesaving and earnings all of their trading career because of few mistakes. And that's why you don't have to be comfortable at all times, time of being secured is there and when you are at that moment, you have to check yourself. But if a former trader wants to keep on going but still wanted to stay in the market, there's a better and lesser stress option and that's to invest and hold.

[Peanutswar]

If you think trading is not ideal for you, well you can now make a second think let's accept the fact not all people are for trading and sometimes they are keeping push to be a trader because they want to earn like othe people does but if you really a dedicated person. who thinks trading could help you alot and makes an improvement where you at now, set this failures as your motivation to get back on the path you would like and also keep learning from those mistakes you've done before. Learn and earn but if you keep seeing yourself doing the same mistake it seems the problem is already in you.

[Wind_FURY]

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.

That part of your post intrigues me. Tell us more about the "experienced trader who encountered a massive loss because of a few shady characters"?

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

[Assface16678]

Well, we all have our limits, but as you've said in the in the OP about experienced traders, as you said experienced, I think those experienced traders will not be discouraged or will give up easily because they have gone through losses numerous times, and those traders that make those losses as a lesson and opportunity to learn and grow more will most likely be the traders that could achieve success in trading. There is no easy way or route to be successful in trading because it is a very risky and hard thing, but if you can build up experience, you can know how to handle different situations over time, and that could be your weapon. So anyone who is experiencing losses in trading right now, think again about why you started trading. No matter what your intention or goal is, stick to it and never give up on trading because it is a good thing that could bring you a lot of money if you manage to do well on it.

[Oshosondy]

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

Some people will start trading with huge amount of money and lose all the money within some minutes or some days. The strategy a trader is using is very important. I can understand your point that trading is not for everyone but everyone has to learn with small amount of money. I noticed successful traders trade with just 1x leverage and not going beyond it and they use high amount of money. But trading is very risky, anyone that wants to trade should just use the amount of money that he or she can afford to lose. The money some traders use that will think it is huge, the trader may have 10 times more but which he is not using it to trade.

[Abu-Naim]

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?

I am not a professional trader, but I do trade sometime if I have conviction about a particular coin, but I don't know the right interpretation of the shady character you are referring to;

is it trading all newly lunched project?

If yes, I don't think it should be the reason you should quit if you really have passion for crypto trading.
But if you don't have enough capital to continue, it's fine because no one will advice you to borrow money for trading.

[Wind_FURY]

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

Some people will start trading with huge amount of money and lose all the money within some minutes or some days. The strategy a trader is using is very important. I can understand your point that trading is not for everyone but everyone has to learn with small amount of money. I noticed successful traders trade with just 1x leverage and not going beyond it and they use high amount of money. But trading is very risky, anyone that wants to trade should just use the amount of money that he or she can afford to lose. The money some traders use that will think it is huge, the trader may have 10 times more but which he is not using it to trade.

The richest investors in the community are HODLers who merely accumulated through DCA, or buy the DIP. They use time-based strategies, not price-based.  It also has to be the best currency/commodity in its asset class. If you like investing in precious metals, then the best is Gold. not Silver. If you want to invest in cryptocurrencies, then invest in Bitcoin because most of the other coins will fall down to ZERO.

[GreatArkansas]

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

Some people will start trading with huge amount of money and lose all the money within some minutes or some days. The strategy a trader is using is very important. I can understand your point that trading is not for everyone but everyone has to learn with small amount of money. I noticed successful traders trade with just 1x leverage and not going beyond it and they use high amount of money. But trading is very risky, anyone that wants to trade should just use the amount of money that he or she can afford to lose. The money some traders use that will think it is huge, the trader may have 10 times more but which he is not using it to trade.

Because in trading, the longer you stay, the better and the more profitable. That's why capital preservation is extremely important, protect your capital at all cost. Not all the time is good to trade, patience and learn always.
So even how small of big your capital is as long as you are managing it properly, it's really fine.

[Yamifoud]

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.

Mistakes seem to happen even though we have been trading for many years and yes, I don't think 1 big mistake is enough for us to quit instantly from doing something that we like. I believe stopping for a few days is enough to move on and rethink another strategy. Yes, sometimes we need to do that in order to relax our mind, it is been full already and won't function normally.
Quitting is not an option if we know that there is something we can do to correct our mistakes unless it is hopeless already.

[Wind_FURY]

Plus experience or no experience in crypto, "trading" is not for most of us plebs who have little capital, and not enough skill that could beat the super-traders with their army of bots.

Some people will start trading with huge amount of money and lose all the money within some minutes or some days. The strategy a trader is using is very important. I can understand your point that trading is not for everyone but everyone has to learn with small amount of money. I noticed successful traders trade with just 1x leverage and not going beyond it and they use high amount of money. But trading is very risky, anyone that wants to trade should just use the amount of money that he or she can afford to lose. The money some traders use that will think it is huge, the trader may have 10 times more but which he is not using it to trade.

Because in trading, the longer you stay, the better and the more profitable. That's why capital preservation is extremely important, protect your capital at all cost. Not all the time is good to trade, patience and learn always.
So even how small of big your capital is as long as you are managing it properly, it's really fine.

But the emphasis in that the investment should be in fundamentally sound assets in whatever asset class you decide to HODL. If it's the stock market, HODL Apple stocks. If precious metals, HODL Gold. If cryptocurrencies, I truly believe everything will go back to Bitcoin, but it will take a very VERY long time. Do all your shitcoinery, and if you're consistent in taking profit, do it with the objective to accumulate more Bitcoin.

[Ben Barubal]

     Like you, I don't know how much the total amount lost in conducting trading activity on the exchanges I use. But even if I lose in trading, I also recover at other times when I do my trading activity. The important thing is that we continue to learn and study trading.

     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?

[Gaza13]

When someone encountered a massive loss in trading, he needs to take a break for a while to calm his minds and emotions. Trading needs to have skills to analyze the market, selecting the coins and other things and without learning how to analyze, that person will not have a chance to make a profit. If you can learn many things about trading, you will not have a problem and will always aware and careful when analyze. You will be careful using money for trading because you will not wants to risks too much money in trading. When you loss in trading for some time, you will realizes that is the time for you to stops trading for a while and will not trying to recover the lose because that can makes your emotion increase and will makes you lose control.

Even though sometimes a person often carries out these activities for quite a long period of time, sometimes he can also experience stress because the rhythm he has learned in analyzing the market so far has not found the right or appropriate one and often he actually experiences failure rather than profit in terms of this trading activity. .

Sometimes the various indicators that we study cannot guarantee perfect analysis, but this can provide us with basic knowledge in carrying out our trading activities. Indeed, this job can increase your money quickly, but the risks are very large. If you experience many failures in trading, it would be better if you just leave this job. To minimize even greater losses, there is no harm in choosing another method that is quite safe in this case, namely spot.

[Hamphser]

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.

All of us would really be going through that difficult time since acquiring such trading skills isnt something easy that you could really be able to deal with. On the moment that you would really be hovering yourself into the market then it would really be making you that to experience all the possible losing conditions and situations on which you would really be having those thoughts that you should really be quitting up for good. Yes, even myself have been through countless times that i do talk to myself that i should quit up because i have lost too much money but since my aim or goal is to become a good trader then i had made out those loses and mistakes to be my stepping stone and helps me out on sustaining myself on having this very volatile world.

There are indeed things which arent meant for us no matter how hard we do try, but doesnt mean that we wont really be taking up some shot on testing it out
and at least putting up that hard work and been thriving for the best.

[kezyskie71]

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.

Stopping as a crypto trader is an option or not, for those who are experienced, experiencing a loss is a journey that business people usually go through due to the rise and fall of the market in a trade, so in essence playing this trade must have a patient nature, so you will get something he wants.

So in essence, if you have entered the world of trading, you must understand everything in it and whoever tries with great intention will get results.

The motivation is that anyone who has experienced a loss should play this bitcoin trading with persistent and tough intentions because the risk in playing this trading is big so it comes back to each of us, thank you, greetings.