Persevering Through Crypto Trading Losses

[Oshosondy]

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.

[shinratensei_]

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.

reminds me of those whales that plays with meme coin high leverage future trade and ended up losing entire fortune just because they snapped to invest recklessly, it only requires one reckless trade for people to went bankrupt so definitely take a calculated loss where we can still have capital left and don't just bet on entire capital I think that's the rule of thumb.

granted that some people with really high luck making it big with their YOLO style of trading its not sustainable for long, luck won't always come.
like as you said, some people just continue losing and I think that kind of person should be self conscious that maybe they just suck at it and try to find another opportunity. trading isn't that kind of thing where people could just go losing in their game and get better next, it requires capital to start with, anything that require capital should always be within calculation and risk management.

preserves only if we know we can make it I guess. not to mention if it likes the case of OP, losing trading because getting swayed by someone else meaning not really strong mental fortitude.

[Zoomic]

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

This is nothing but the truth. We can't be motivating ourselves to keep pushing when what we should do in real sense is quit. Trading generally is stressful to the mental health of a trader, if losses begin to make them feel even more stressed mentally to the point of depression,  then quitting becomes the best option. Trading is not for everyone, there is no point deceiving ourselves that we can handle the risks involved in trading when in real sense, we can't. Everyone knows his or her ability and the level of risks they can take,  not all motivational quotes telling us never to quit should be followed strictly. Knowing when to quit will do us good.

[boyptc]

Quit trading but not crypto.

That is the mistake of many crypto enthusiasts. They get into trading quickly and thought that everyone is gonna have the same result.

And then thought that crypto is only about trading.

The best decision is to be a holder and continue in accumulation.

[slaman29]

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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?
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This is nothing but the truth. We can't be motivating ourselves to keep pushing when what we should do in real sense is quit. Trading generally is stressful to the mental health of a trader, if losses begin to make them feel even more stressed mentally to the point of depression,  then quitting becomes the best option. Trading is not for everyone, there is no point deceiving ourselves that we can handle the risks involved in trading when in real sense, we can't. Everyone knows his or her ability and the level of risks they can take,  not all motivational quotes telling us never to quit should be followed strictly. Knowing when to quit will do us good.

Yeah, don't buy all this crap from influencers telling us 'never quit' or 'follow your dreams' etc

99% of people fail and we don't see them. And 99% of the people who we see look like they're 'making it' are just faking it.

Do what's best for ourselves. Quitting is not the worst thing in the world, if you gain experience from trading, you gavin knowledge, no matter if the knowledge is that trading isn't for you, you learn something.

Only we know what's best for ourselves. I don't trade anymore but I still like to listen to the space and if possible help people in their journey. Too much of what we see out there is irresponsible and wrong, I like to still bring the real stuff in.

[YOSHIE]

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've heard and read a lot about those who are experienced in crypto trading, the current situation bodes well for them doing so, with the terms of trading by having large capital, it is not in the understanding of trading with small capital.

Maybe we can understand it, trading is currently difficult, for those of us who have minimal capital, it takes a long process to make big profits, Because Bitcoin has only moved a few percent, even though there are other types of crypto that have experienced increases of up to 30% or more, very few investors are targeting these coins as a basis for trading in the crypto market.

In the current situation, to do this, we must first have experience, knowledge and a lot of capital. If you don't have that, don't do it, if you are forced to lose, you are near

[lixer]

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.

Mistakes can be natural, or it can be because of the unpredictable nature of the cryptos/market. Given that we are already trading for years, then it is not the first time that we can make a big mistake, so this is not something that can stop us. For those who are still starting, and are not long enough here, yes that they must be strong and try to hold on, when they are thinking of quitting because of that one big mistake. They need to think positive and think that they can still improve later on. Even if we are not making a mistake, and all seem to run well as usual, taking a break is still a necessary thing to do sometimes.

Quitting is not an option if we know that there is something we can do to correct our mistakes unless it is hopeless already.

It is an option or a choice, and if we think negatively, we can always end up doing it, but if we think positively, we will always look for an available solution to our problems.

[South Park]

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.

Just as starting a new journey is always an option, quitting it must also be always an option, if a person gets so discouraged by a loss of money that they believe they cannot recover from it, then why force yourself to keep trading when your heart is not into it anymore? Now this may sound defeatist to some, but this is just the truth, not everyone reacts to adversity the same way and they may not be able to take those losses and move on, so quitting is the best option for someone like that.

[EarnOnVictor]

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 love your encouragement and I've shared it many times and still sharing the same with challenged traders, but the truth is that if we share it from now till eternity, most traders, or should I call them most attempted traders will fail. It is good to motivate but to actually preserve the motivation into actualization is the issue. Trading is very risky and the market is cunning, so it is not something that fits the same approach all the time. This is why I advise people that they should be dynamic just the way the market is dynamic. Thinking you can use the same approach for the same result all the time may not always work.

I've been trading for 20 years (that's if the demo trading years are added), but I tell you, my brother, there are still scary moments in my trading till today. Although, overall, I am positive and I can vouch for a very high winning percentage, nevertheless, it is not on a platter of gold, how many people can withstand that?

I must also commend the psychological part you tried to motivate them upon, because the issue with it is the reason why many traders are losing. Most traders are busy focusing and trying to better their trading strategies but the issues may not lie there. The issue could be psychological, managerial or lack of proper coordination ( plan). If one or some of these are the case, no amount of strategy building will help such a trader. Above all, trading is so challenging, it requires huge preparedness, wisdom and smartness to overcome.

[Finestream]

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.

While trading can offer us massive profits, but know that it will also constantly rekt our funds if we are not good and capable enough. So I would say quit if you can’t longer hold your losses. Trading is not a do or die, you still have a lot of options to chose from to make you still profitable in the end with zero amount of losses. However, if you are in an investment, losses are highly possible but you can always prevent them if you can handle your investment well.

[mirakal]

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.

Everyone is free to trade and try to make it work, but not everyone is capable enough to make it last longer and make it all throughout profitable. So if you think your losses have already outnumbered your profits no matter how hard you try, then think a lot of times if you still want to pursue it or quit it for good.

However, failure should never mark your end but should also serve as a bigger motivation to achieve your main goal. Study more about trading and as much as possible, update your strategies every now and then, maybe there's something wrong with how you handle your trading activity, otherwise you're not really meant to become a professional trader.

[fullhdpixel]

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.

No, quitting should never be an option no matter what happens. Someone with enough self-confidence should be able to overcome any problems that may occur when they are doing something and this is not only about trading but everything we do in life. One needs to have belief on themselves that one can do it despite all the hurdles and everything.

No one can be consistently successful in something they do no matter how good they are at it, there will always be ups and downs and times when things just don't work out, but if you give up at such times, you don't really deserve the success in the first place because if you want success, if you want good days, you will have to deal with the bad days with grace and do it with determination and control and keep yourself together in front of every problem.

[Adams0001]

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.

Some don't like to calm down because they have lost their money they will continue staking they will say they will get their money back and people who are losing massively in trading, I believe they have not gained enough knowledge on the market yet, and they try to text their ability if they will be profitable, but when they lose they will be worried and try to get their money back and when someone is stressed and doesn't calm himself down, he will not understand himself or the loser. Traders who have been in the market for a long time and have experience in trading do not stop even if they lose because they feel they will get what they are looking for. they will continue taking the risk thing they get the reward, and people that didn't stop they will have sources of income because without that they will not succeed on the since if they lose they will still get another capital to stake in the trading to be profitable. And I believe again if someone is not in trading anytime and stop for a while in will still lose because he need to be in trading anytime and be seeing is mistakes.

[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.

¯\_(ツ)_/¯

[justdimin]

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.

Words are much easier compared to action. I know all of these - I have a master degree - I am mid aged man with family, still when experiencing market pressure nothing helped me on preventing losses like I have been acting like emotionally driven trader and nothing will save me except trading. When you are aware of that you can recover your losses from other recourses then you will take your crypto trading losses light and will not keep trying to trade again and again. When you are emotionally dominated and chasing your losses then nothing could help you.

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.

To enjoy the fruits of our own experiences, we need to be emotionally stable but trading will not let us to keep our nerves down. Emotions are triggered and then we forget everything and do act like a naive trade and will bite the dust.

[hd49728]

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.

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)_/¯

[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.

Trading is never been easy or any forms of investment or any means of earning money on which you would really be needing to have that skill and experience on dealing up with something.If you are really just that new
then it would really be normal that you would be that prone to tons of mistakes and dealing up with unpredictable space will really be having those inevitable loses. On the moment that you would really be able to experience such things then you would really be needing yourself to be that versatile because if you wont really be that something be having that kind of patience then you would really be ending up on quitting up
because the main thing that you would be having in mind is that you wont really be that progressive which si really that very wrong. There's no one who wont be losing money in terms of trading.
The key on here is that you should really be thriving on making profits in the end of the day or with such trading position.

Quitting up easily will really be just that worth basing up on the opportunities that you could really be having into this market. Yes, its hard but making money
wont really be that something impossible. It is really just that it is really that too complicate specially its really that unpredictable.

[FanEagle]

I mean depends on what you mean by "quitting" isn't it? If you mean that you will quit trading but keep within crypto, then I do not see that as a bad idea. I have met with a lot of people who just stopped trading, and kept on holding and they all did alright, doesn't mean that it is a guarantee but it is not that bad at all, we should probably consider that as a possibility. Obviously it is going to be tough, and I understand that it is not going to be all that complicated, we should just consider that as alternative.

If you do that then that is fine, but if you "quit" as in you get out of crypto all together, then I would say that it would not be a smart decision and you should definitely find a way to stay within crypto itself.

[Distinctin]

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.

Trading has some inevitable losses that even professionals still lose in the process. But if you are experiencing the most of your trades losing and it’s already affecting your finances, I think you should already give a lot of thinking to it if you are going to pursue it or quit it for good.

Sometimes, what we expect to give us the best results could probably give us the worst scenarios and turn us into losers. Not all trades are good and profitable, that sometimes traders end up quitting from trading if they have seen it’s not working on them anymore.

[Natalim]

Quit trading but not crypto.

That is the mistake of many crypto enthusiasts. They get into trading quickly and thought that everyone is gonna have the same result.

And then thought that crypto is only about trading.

The best decision is to be a holder and continue in accumulation.

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.