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.