Please Give up! If you notice trading is not for you.

[Lightmanalmani]

There are alot of preachings and sensitization about how one should be persistent in the journey of trading and not to give up.

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you

[Cointxz]

Totally agree.

I’m a trader myself and do have some knowledge on technical analysis but until now I still find hard to become successful on crypto trading specifically futures trading. It’s very hard to incorporate those wild price swing on my position without hitting my stop loss.

I settle now on spot trading only while I’m doing fine and avoid those high volatility tokens.

[Oshosondy]

I also totally agree with this. People think trading can be an easy way to make money but this is not the case for most traders. Any trader that has been trading for like a year or two but still losing, such person should better stop trading.

I always post that trading is not gambling but it is very risky like gambling.

[Lightmanalmani]

I also totally agree with this. People think trading can be an easy way to make money but this is not the case for most traders. Any trader that has been trading for like a year or two but still losing, such person should better stop trading.

I always post that trading is not gambling but it is very risky like gambling.

Yes exactly but then even highly professional traders still loose at some point but if ones losses are way more than his profit then I guess there is a problem.The acceptance that loosing is still part of the game wont still be over ruled. You are right trading is really a very risky means of livelihood, it can mess with your mind, make you broke , send you to depression or it can equally give one a better life depending on the individual.

[AVE5]

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The phrase in the "persistent" as a required exercise in trading doesn't mean to treading endlessly. It's just a key point that'd encourages your enlightenments to learn from your experiences.
And your trading strategies in the prediction markets may not be guaranteed nomatter how strong is your confidence. It's practically a market of try your luck with your own strategies. So your inputs and results will tell if you're advancing to locate the winning points as a beginner and so forth, the positive outcomes will prompt you to be persistent even when you're loosing because you're already seeing your improvements.
It's all about courage in other words, trading uncertainty might be related to gambling where lucks maybe required and consistency might someday bring you the wins.

Trading hasn't been for everyone so, anyone who sudden jumps out of trading as a view of carrier because of consistent looses made the wrong decision from an earlier stage otherwise, loosing shouldn't make you opt out because before you get into the market, you should had been aware about the risks which is where it knowledge is expected to be acquired first before riding on.

[bitLeap]

Agree, this is realistic advice, because not everyone is suited to trading. It may be investment or even not at all, but if you have tried many times and feel that you have maximized it from learning trading techniques, managing management well and the results are not as expected then there is a need to make peace with something that is not suitable profession.

[DubemIfedigbo001]

I gave up since around 2022 when I got so distracted by trading I almost lost my job. Moreover I loved my tech job more than the risky trading process, so at the time of making the important decision of my life, I found out that I couldn't mix trading with my career, so I had to quit one and it was trading.

Beyond losing money, you may lose your sanity and concentration on other important stuffs when you're trading. Additionally, the highly manipulated markets might move against you and blow up your portfolio in seconds.

[Su-asa]

Some people don't get to quit trading because of pride, they continue trading because quiting it means they give up on what they can't, and some people don't like to give up on what they have started. However it's somehow to give up on what you have started but if it gets to gaining nothing even after a long time if doing it, I think the best thing to do is to quit. Trading is not for everyone. The mistakes some of the people does is that at the beginning of their learning stage they want to make profits.

[SuperBitMan]

Well you can't start trading and immediately start making gain or profit, you need to trade for some time in order to gain more experience and knowledge because no matter how someone teach you about trading it is only when you start it on your own that you gain all the experience and knowledge needed to succeed in trading if you start trading and you notice you are not making gain or profit my advice is for you to continue and never give up the more you trade the more knowledgeable you become and the more chance of coming successful however if you have continued for a long period of time and you are not seeing any good achievement then I will advice you stop but trading for a short period and stopping because you are not making profit does not sound right to me.
I have a friend who is a trader when he started he was losing more than he was gaining but he didn't stop he continued and then acquired more knowledge about trading and today he's making profit or gaining more than his losing his now a successful trader.
However if you don't have the mind to risk then just accumulate Bitcoin and hold for long term is the best.

[Bd officer]

Yes, I also agree, because trading is risky, not everyone can succeed from trading. I've heard stories of some people who have been trading for a long time but can't make a profit, just suffer losses, actually such people should get out of trading, if not then be prepared to lose a lot of money. Now in my case, when I got an idea about cryptocurrency, I decided to trade, but I didn't succeed in it, faced repeated losses so I got out of trading. Actually trading is not for everyone, not everyone can profit by trading but investment is for everyone. So the best way is to invest in Bitcoin with a long-term plan.

[SOKO-DEKE]

Some people don't get to quit trading because of pride, they continue trading because quiting it means they give up on what they can't, and some people don't like to give up on what they have started. However it's somehow to give up on what you have started but if it gets to gaining nothing even after a long time if doing it, I think the best thing to do is to quit. Trading is not for everyone. The mistakes some of the people does is that at the beginning of their learning stage they want to make profits.

That is the fact, not everyone will make it through trading. There are other things that someone can do in the cryptocurrency industry and make it someone can be investor have it. So, if someone tries trading for a short while and it doesn't work, they can just be an investor. In fact, investing in cryptocurrency is even easier, as long as someone investments are in good coins, not shitcoins.

But what’s even worse is that when some people start trading, they don’t want to quit, despite losing all the time with even making reasonable profit even once, It’s because they want to recover the money they have lost. And if someone keeps that in mind, it will be very hard for them to quit trading, no matter the kind of money they have lost. It just becomes like an addiction.

Another point is that some people who are trading nowadays are just eager to cash out big. They don’t even want to learn first they just want to risk it, which is a very bad idea. If some people took the time to learn more they wouldn’t have lost the kind of money they lost in trading despite how hard trader is.

[Peanutswar]

That's why I do keep saying that trading is open for everyone, but it isn't designed for everyone. You can learn trading but of course, only those people really want to know their mistakes and failures can be use as a learning tool to become profitable in trader. If you think trading is ain't for you, there's nothing wrong with stopping at least. But if you are urged to win your trades, give all of your effort and time to invest in knowledge and how properly execute your trades and analyze the market it's not just for market prediction. This takes how does the trader have a good mental and emotion capability on their positions, how they will handle the risk and how they will handle the unnecessary market changes.

[cabron]

When they say trading is not for everyone, its sure is true. One should take it at its face value when he been doing it for years and still have not learned well. H should ask himself whether he really knows how a single indicator works.

Its not yet too late to learn it though. Or he just have to weigh the situation if he needs to learn a new skill for better career or keep wasting the money to prove he is persistent.

[The Cryptovator]

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you

Who the hell will continue trading if he can't learn even after a couple of years? It's also not possible to continue with trading in this situation. Because constantly losing funds in trading will force it to discontinue the trading. I admit at the beginning a new trader might lose. And by losing, he will learn and gain skill as well. Otherwise no one could sustain on the trading market.

However, a lot of things are related to the trading. If a trader has good intentions to learn and improve his skill, then definitely he can learn. With a lot of resources on the forum and over the internet, you can find a lot of useful information that will help you to learn. You don't need a physical mentor nowadays. The Internet would be a good mentor for learning a trade. I am not saying follow anything blindly; rather, gather all the information and make your own strategy. Giving up won't be a solution.

[EarnOnVictor]

There are alot of preachings and sensitization about how one should be persistent in the journey of trading and not to give up.

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you

You are totally pessimistic about this, which is not good. I like what you are trying to preach though, but this shouldn't be total. Just the same way I love what the motivational preachers in favour of trading are doing, but it shouldn't be total as well.

In all, if many traders had given up, they wouldn't know they can still be profiting successfully in trading, which is why we should observe our nature with the market. Are we fit for it? The question should be clear in a few years' time. But before then, it's wise to trade with a small account size, if not a cent account.

A monthly deposit of $20 to train may not hurt many. This is unlike those who just started trading and are depositing $5,000. The risk is too much, and if they lose, they will likely replenish the trading account almost immediately.

[Don Pedro Dinero]

I would rather change the title to: 'Please Give up before you notice trading is not for you!'

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

If you spend years losing money, you're a fool. You will realise long before you know it that the idyllic life you are being sold that you can get from trading is simply a scam.

Please reconsider because trading is not the only means of earning a living.

I would also change this to: 'please realise that trading is not the only way to lose your money. Avoid all of them.'

[dunfida]

There are alot of preachings and sensitization about how one should be persistent in the journey of trading and not to give up.

Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.

The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you

Trading skills isnt something that you can be able to learn up in a short time period on which simply means that you are the ones will be neither having that chance to lean it up or just that simply stop because you can be able to handle the risks. If you've been just that recently dive in with trading just because you've seen someone do rack up that huge amount of profits then it couldnt be denied that they are that actually to those who do able to sustain and survive and there are those who do had decided on dealing up with a volatile space. Giving up should be only having that kind of threshold specifically that you are trying your best but still ending up with loses and make out some effect into your daily life. When you are that dealing into something then make it sure that you do set out those risks management.

Just give up some time before you would be able to make or having that skills. This isnt just that talking about on trading but also into other real life situations on which giving up word is something that we shouldnt be that doing. Always best that you should be that sustaining yourself on learning along the way in despite of those challenges that you do encounter or meet up along the way then its just that normal or common sense that you should be that act accordingly basing up into your preference and wanting. Just let those people who do thrive on becoming profitable with trading.

[batang_bitcoin]

OP is right, I also see others are trying hard to be a trader when trading isn't for them. It's a fact that there could be some other better things for them to do and to make a living out of it. But if they think that they want to stay in trading, they can simply be one of the investors/holders in the market. It's not going to hurt them while doing other things and all they have to do is to accumulate while they can and keep saving as if it's just the same thing that we've been doing like with the banks. But this time, it's with our own wallets.

[EL MOHA]

OP is right, I also see others are trying hard to be a trader when trading isn't for them. It's a fact that there could be some other better things for them to do and to make a living out of it. But if they think that they want to stay in trading, they can simply be one of the investors/holders in the market. It's not going to hurt them while doing other things and all they have to do is to accumulate while they can and keep saving as if it's just the same thing that we've been doing like with the banks. But this time, it's with our own wallets.

There is no two ways about this, trading is definitely not a get rich quick scheme, seriously trading takes lots of time and most importantly dedication to actually seek its knowledge. For me going for trading you need to be ready to dedicate some time for it like someone who is going for one year degree program because it is like school itself. But many at Times people fail to understand this and that’s why you see them going for short cuts like paying for signals and losing more money.

Once you don’t have that time for trading or you’re consistently losing then personally the advice is to simply quit because trading cannot be for everyone. There is spot trading or what we all mostly call investing which doesn’t requires high knowledge and doesn’t requires much time doing so many analysis or even daily research, it’s best for someone like this

[Lanatsa]

OP is right, I also see others are trying hard to be a trader when trading isn't for them. It's a fact that there could be some other better things for them to do and to make a living out of it. But if they think that they want to stay in trading, they can simply be one of the investors/holders in the market. It's not going to hurt them while doing other things and all they have to do is to accumulate while they can and keep saving as if it's just the same thing that we've been doing like with the banks. But this time, it's with our own wallets.

There is no two ways about this, trading is definitely not a get rich quick scheme, seriously trading takes lots of time and most importantly dedication to actually seek its knowledge. For me going for trading you need to be ready to dedicate some time for it like someone who is going for one year degree program because it is like school itself. But many at Times people fail to understand this and that’s why you see them going for short cuts like paying for signals and losing more money.

Once you don’t have that time for trading or you’re consistently losing then personally the advice is to simply quit because trading cannot be for everyone. There is spot trading or what we all mostly call investing which doesn’t requires high knowledge and doesn’t requires much time doing so many analysis or even daily research, it’s best for someone like this

Newbies are the ones who do think up this way on which they do believe that trading is something that could make them rich overnight. On the time that they would be able to experience for themselves on it, then this is the time that they would be making up those realizations that it was never been easy. You cant directly make out some conclusions that trading isnt for you just because you had experienced up some loses on which we know that this is inevitable. Market is very unpredictable and totally random on which no matter how good your analysis would be but still it wont be that giving out that assurance that you can make precise trades. Giving up on trading would be only considerable if you've been that doing trading for long time and you've seen yourself having no improvement and wasting up too much money already on which this is the time that you would be turn your back and never look back. There are things in life on which no matter how hard you do try or do but still you do end up on having those loses on which it is just that understandable that you should be that stopping and look for another career on which you can put your focus on.

Whenever you do find yourself having no effective or being not profitable into your trading career, then it would be just that right that you should be that stopping or you do already know on when to say that you should stop or quit. It would be just that depending on you on how you do make out such adjustments and dont push up your self hard into something on which you do know that it wont be giving out any impact. It would be best that you should be wary about into the situations that you are dealing on, and not just that trying out to push yourself out of limits just because you do wanted to trade. Just like been said that there are just things which arent meant for us on which no matter how hard we do try but still we do end up on having those issues.