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

[Lida93]

Op message may be directed to those not making profit after some time in trading but the fowl part about his message is that he forgets that everyone has different years they spent developing trading skills before they started making profits. For some persons it could be 2 years, other could take 5 or more years before they get to start putting things right. So coming out straight to discourage people from venturing into trading is really bad.

I share your thoughts @Lida. OP's advice might sound correct but it's not totally true. There is I no generally acceptable duration that one should trade before he would conclude to quit or continue. We have heard motivational stories of people who failed in a field for many years. But they were determined to succeed and at the end they achieved great things. This message could discourage someone who might be destined for success in trading.

But for those who have refused to keep learning and upgrading their trading skills, they should consider leaving. This is because this field requires constant learning.

Glad to have you share in my thoughts mate.

You know, this is so true about those that refuse to improve in their trading skills by working more on them but just want to see an overnight positive result. Instead of them wasting away their money they should quit and leave trading for those who are intentional about it and knows what they want and are learning constantly about it.

[Finestream]

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 spoke my hear out to be honest. Over the years, I have been trying to trade and have been successful to hit some good trades but overall my trading journey was not that great.
I have made losses and if we see the total of all my trades then I would be in a net loss. I have accepted the fact that trading is not for me.
I am pretty good at holding and so I believe I am good at long term investment and that has given me pretty good returns.
This is why I give up trading and prefer to hold my coins.

This is just a proof that it’s not at all times that trading will be more developed and will be more profitable in due time after years of trading exposure and experience in the market. Sometimes, you have to evaluate yourself whether you are trading for profits, or you are trading at a loss. Otherwise, if you leave trading that way, you will suffer from losses consistently until you eventually ruin your finances and spend all your hard-earned money without guaranteed good returns.

[Wakate]

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

What about the advice that if it isn't working for you now that you shouldn't quit but Keep trying and one day you'll get success. If everybody that was trying and not make it gave up when they were in that stage, we won't be having lots of rich people in the world. It's only when you don't have an interest in gambling but only doing it because you want to make quick money that you should quit if things aren't working for you. There isn't any professional trader that started from knowing it all. They all has times that it wasn't going smoothly for them but they didn't give up and that's why they're now known in the industry as big traders. Trading is a journey and it takes time before you get to your destination.

Yes, there are many different stories about success and part of that successful journey are those tough days that a trader experienced before they managed to figure out what's fits for them in terms of handling pressures and failures, once they overcome those kinds of interruptions they'll be able to stand up and make a better decisions, though it's always up to the person itself whether to push forward, or simply give up if he feels that there's nothing more if the outcome still the same.

I don't see any need for a trader to give up because he's not getting the kind of results that will spice up things for him. Trading is not easy and we shouldn't think that it's our right ans obligation to get the best from trading anything we enter the market.
There are people that have lost fortunes in trading and their still trying their best to get more out of it. This is not a scheme where you will learn and start making money after few weeks or months. Trading is complicated and that's why we have been seeing people lose money while others are making money from the market.

[Floxynice]

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

What kind of advise are you giving to those that are having difficult time in trading.g profitable? This is very absurd and I hope you change your thinking in case you have sunch kind of mentality. If others can strive and make it as profitable traders, why you they not try their best rather than. Thinking about giving up as traders.

Op message may be directed to those not making profit after some time in trading but the fowl part about his message is that he forgets that everyone has different years they spent developing trading skills before they started making profits. For some persons it could be 2 years, other could take 5 or more years before they get to start putting things right. So coming out straight to discourage people from venturing into trading is really bad.

Today we will hear about people talking about patience and how it is the key to success in trading. Tomorrow we will hear another set of people encouraging one not to be patient, but quit if they are not making profits.

At this point, I will advice everyone to stick to what they believe and face the consequences if any occurs. There are lots of confusion already on this issue, listening to every advice and recommendations will likely lead one astray than help them. Trading is risky, that's the truth. If you have the capacity to handle the risks, carry on with it.

[Alpen]

Don't ever give up!

[Fredomago]

Ye I don't see any need for a trader to give up because he's not getting the kind of results that will spice up things for him. Trading is not easy and we shouldn't think that it's our right ans obligation to get the best from trading anything we enter the market.
There are people that have lost fortunes in trading and their still trying their best to get more out of it. This is not a scheme where you will learn and start making money after few weeks or months. Trading is complicated and that's why we have been seeing people lose money while others are making money from the market.

Complicated indeed, though there are still lots of traders who keep trying their best to find the right sets of strategy that will developed more established winning position, always depends from how you percept things and how will you execute your strategy, their are patterns that you can follow strategy that experienced traders shared but the executions and timing is always on you.

[Wakate]

~snip~

Complicated indeed, though there are still lots of traders who keep trying their best to find the right sets of strategy that will developed more established winning position, always depends from how you percept things and how will you execute your strategy, their are patterns that you can follow strategy that experienced traders shared but the executions and timing is always on you.

If every trader starts giving up, that means the number of traders in the crypto market will depreciate which could reduce the volatility of many crypto pairs leading to stagnant market. This is what we don't want because those traders in the market, trying their best to make a living are actually adding liquidity in one way or the other to keep price fluctuating.

Any trader that will ever think of giving up is doing themselves harm of losing everything they might finally get if they keep learning and improving their strategies to become profitable. Giving up is a no, and we should always improve by all means to make it becoming a profitable trader.

[Lida93]

...

Today we will hear about people talking about patience and how it is the key to success in trading. Tomorrow we will hear another set of people encouraging one not to be patient, but quit if they are not making profits.

At this point, I will advice everyone to stick to what they believe and face the consequences if any occurs. There are lots of confusion already on this issue, listening to every advice and recommendations will likely lead one astray than help them. Trading is risky, that's the truth. If you have the capacity to handle the risks, carry on with it.

But we know that you need to be patient with developing your trading skills if you want to earn some profits in the long run. There is no magic about it that you must have to give it time of dedication. If anyone thinks that quitting will make them feel better then that's cool but if you really want to be a better trader with higher profits and fewer losses, you don't get to achieve that in a short time of starting to trade.

[Floxynice]

...

Today we will hear about people talking about patience and how it is the key to success in trading. Tomorrow we will hear another set of people encouraging one not to be patient, but quit if they are not making profits.

At this point, I will advice everyone to stick to what they believe and face the consequences if any occurs. There are lots of confusion already on this issue, listening to every advice and recommendations will likely lead one astray than help them. Trading is risky, that's the truth. If you have the capacity to handle the risks, carry on with it.

But we know that you need to be patient with developing your trading skills if you want to earn some profits in the long run. There is no magic about it that you must have to give it time of dedication. If anyone thinks that quitting will make them feel better then that's cool but if you really want to be a better trader with higher profits and fewer losses, you don't get to achieve that in a short time of starting to trade.

I am mostly interested in doing what would make you feel better, at least you would be making efforts to protect your metal health than lying to yourself while grieving about your losses. I truly understand the part about taking out quality time to learn alot about trading before eventually starting to trade. However, what is still confusing is "how long should a trader be patient when he is consistently making losses?" This can be frustrating and challenging at the same time. This is why the trader must take the decision to do what makes him feel better.

[justdimin]

Today we will hear about people talking about patience and how it is the key to success in trading. Tomorrow we will hear another set of people encouraging one not to be patient, but quit if they are not making profits.

At this point, I will advice everyone to stick to what they believe and face the consequences if any occurs. There are lots of confusion already on this issue, listening to every advice and recommendations will likely lead one astray than help them. Trading is risky, that's the truth. If you have the capacity to handle the risks, carry on with it.

But we know that you need to be patient with developing your trading skills if you want to earn some profits in the long run. There is no magic about it that you must have to give it time of dedication. If anyone thinks that quitting will make them feel better then that's cool but if you really want to be a better trader with higher profits and fewer losses, you don't get to achieve that in a short time of starting to trade.

Wish more people knew this. You can't become a great trader just because you want to, that is not how it's going to work. It is not really ok to think that we can be an awesome trader in 3 months. To get this working, you need to spend months on getting better, first you need to study to become better because there are a lot of stuff we need to study and do better job. But that doesn't mean that we are going to get a great return, it is going to get a better return when we can do a better job.

However, not only studying is enough, after you studied, you are going to make mistakes while trading, so you need to go back and see what these mistakes were, and why you made them and learn from them to get better and not repeat too.

[rachael9385]

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.

Trading is also dangerous but there's a system to it that makes it profitable than gambling. The problem why a lot of traders end up losing is because they don't follow the rules. When trading the financial market it's important to always remember that it's a step by step process. Trying to make money fast is going to make you lose money rapidly. But like you said it's best to stop when you are losing consistently

[sana54210]

Too many people learn to "give up" in this generation. It is not the solution to give up that easily anytime you see something difficult. This is crypto and you are going to make a lot of money from it if you are great at it, so you can't expect it to be that easy. How can be something be easy and also make a lot of money at the same time, of course it will be difficult and of course you will have hard time about it.

So you need to understand that it's going to take time for people to make money from this, learn it, study for months, then small deposit to gain experience for a while, only to become great later on after probably a year or more. If you do that then you will get better results, but you can't give up early on just because it's boring or difficult.

[nara1892]

I agree with this topic, when a field actually harms you in the long run then there is a possibility that it is not for you or you are not suitable to pursue that field especially if the activity involves money and risks such as trading where you will not only lose money but also valuable time, but on the other hand what may be quite confusing is how to measure whether the field is suitable for us or not, and at what point we should stop, I am a little confused to measure this part, does anyone here have an argument to explain this? at least some indications.

[Theupdude]

I agree with this topic, when a field actually harms you in the long run then there is a possibility that it is not for you or you are not suitable to pursue that field especially if the activity involves money and risks such as trading where you will not only lose money but also valuable time, but on the other hand what may be quite confusing is how to measure whether the field is suitable for us or not, and at what point we should stop, I am a little confused to measure this part, does anyone here have an argument to explain this? at least some indications.

I believe that one of the options to measure whether a field is appropriate is the consistency of your progress and how you manage to cope with the various stresses that it poses without necessarily being so much of a burden to your health or personal life. The fact that you continue losing more than you win after a long period and experience constant feelings of fatigue or nervousness may be the evidence that it is time to take a step aside. In other instances, a temporary break may as well enable you to look at things in a clearer perspective before resigning altogether.

[ChocolateBitcoinK]

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.

Trading is also dangerous but there's a system to it that makes it profitable than gambling. The problem why a lot of traders end up losing is because they don't follow the rules. When trading the financial market it's important to always remember that it's a step by step process. Trying to make money fast is going to make you lose money rapidly. But like you said it's best to stop when you are losing consistently

It is definitely more profitable if you can make yourself fully proficient in trading, a person who has mastered trading is definitely achieving success, but most people cannot be patient enough here and cannot learn trading, which is why they fail. I definitely agree with you, trading is dangerous, but it is much more profitable but only for those who can trade properly by adopting the right strategy. And in the first stage, losses will generally continue to occur, we all know this, and we have to make ourselves more proficient from those losses, but it is true that when there are continuous losses, it is the right decision to take a break and re-evaluate the strategy.

[Kagaru]

It is definitely more profitable if you can make yourself fully proficient in trading, a person who has mastered trading is definitely achieving success, but most people cannot be patient enough here and cannot learn trading, which is why they fail. I definitely agree with you, trading is dangerous, but it is much more profitable but only for those who can trade properly by adopting the right strategy. And in the first stage, losses will generally continue to occur, we all know this, and we have to make ourselves more proficient from those losses, but it is true that when there are continuous losses, it is the right decision to take a break and re-evaluate the strategy.

I perfectly agree with you. Trading is not some instant way to make money rich and most people rush in without learning or putting together a plan. It is as risky as gambling, but the main distinction is that trading can become profitable under the rule to rule and discipline. It is natural to lose–and when that begins to occur multiple times it is a good idea to take a break and reconsider your game plan rather than trying harder. Accepting losses, well calculated like I say patience and constant learning is what distinguishes the prosperous traders and the ones who end up losing their money.

[Oluwa-btc]

Basically,it depends and before before giving up completely one should pass through a self test wether is because of one's poor personal skills,impatience to adapt,lack of discipline or having to work with premium poor strategies all the time.Sometimes,the answer is not to quit,give yourself time to adapt with different approach,learn, unlearn and relearn.Put in the right energy that aligns with the skills.

[nara1892]

I agree with this topic, when a field actually harms you in the long run then there is a possibility that it is not for you or you are not suitable to pursue that field especially if the activity involves money and risks such as trading where you will not only lose money but also valuable time, but on the other hand what may be quite confusing is how to measure whether the field is suitable for us or not, and at what point we should stop, I am a little confused to measure this part, does anyone here have an argument to explain this? at least some indications.

I believe that one of the options to measure whether a field is appropriate is the consistency of your progress and how you manage to cope with the various stresses that it poses without necessarily being so much of a burden to your health or personal life. The fact that you continue losing more than you win after a long period and experience constant feelings of fatigue or nervousness may be the evidence that it is time to take a step aside. In other instances, a temporary break may as well enable you to look at things in a clearer perspective before resigning altogether.

Hmm, okay, the conclusion I can draw from your opinion is that a trader can start to withdraw when they feel tired and without any progress, especially in terms of making profits. That's quite reasonable. The key words are "when we feel tired," and also when we are unable to correct the various mistakes we've made that often lead to losses.
But sometimes, not everyone can just withdraw. I'm sure there will always be some who want to recover their lost amount before finally quitting completely. This inability to accept the loss of money is usually dangerous, because instead of achieving recovery, the amount of loss will only increase.

[Dareo]

It is necessary to persist, however there are occasions as well when it is sensible to understand that something is not working out and instead pursue a new direction. Not everybody will find this suitable as trading requires much time and money before the individual begins to get things. Your energy may be put to better use learning a new skill or doing other things to make ends meet in its place, should trading just not work out. Being realistic and adaptable with whatever it is you set as your goal.

[HistoLock]

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.

I think if someone loses more than they gain while trading, I would advise them to quit trading. Because trading is risky for those who cannot analyze technically and have a proper understanding of the market. There are many who trade but do not have the slightest idea about when the market will go up and when it will go down, they should not trade. Successful traders also face losses but they are so experienced in it that if you lose once, you gain ten times. If you always lose, then quit trading, the rest depends on you, it is true that it is risky that day. It is not right for everyone to take risks here.