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

[Firstfrost]

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

Everyone can't be traders. Obviously there are people who are better skilled in some other areas. Everyone should give attention to the areas they are passionate about and to develop their skills in those areas. Yes, give up trading if you can't seem to figure it out.

It's best to use some AI tools at times to assist with trading just like I did when I realized trading was getting rough. Tested trading bots on Binance, Bitget and OKX to assist with analysis but Getagent on the second made me the most profits so i partially agree that everyone can't be traders because sometimes all it takes is to switch the tools and strategy implemented.

[Zanab247]

There's no harm in trying out things but where it becomes a problem is when you find out that you aren't making progress in it, I think the wise decision for any individual that falls to that category is to quit before it is too late, whats the need of continue doing something that aren't profitable to you as a human, although sometimes getting what you want in whatever you involved yourself as a person takes much much time, however, how sure are you that you'll be successful if you endure the test of time, so what will be the news of furthering and still failing more.

In trading, no one can make money from the very beginning; it requires time for learning and practice, and it is quite a long process. Therefore, you shouldn’t give up immediately, but if over a long period nothing changes, even if you try adjusting your strategy, I agree that it’s better to stop in time and find another way to earn money. Money can be earned in different ways; the most important thing is to choose something you enjoy and are good at.

I agree with you that beginning always get tougher for every crypto trader to go through losses before he or she will begin to get it right to make profit earning higher than losing. If you believe in yourself that you will change positively from crypto trading despite your past mistakes, you don't need to give up on crypto trading than to continue watching some video of professional traders to know how they arrived in this success  that is making some traders to grow to become those professional traders.

But a situation where by, the more you learn the skill to be profitable from crypto trading the more you are losing money in crypto trading, I will advise you to quit crypto trading to try other skill, because there are some skills you will learn to display in some develop country or society to begin to make progress.

[Leahized]

You have a point, taking a break is important else you will just keep getting more losses. The break will help you reset you mentality and probably turn things around for you. I won't advise beginners to trade without having proper knowledge about trading else they will risk losing their capital easily.

I think advertising for beginners is not a bad thing to do. Although it depends entirely on the mentality. If you are interested in trade and work properly, then nothing is impossible for him. Similarly, you are interested in trading and you have a limited amount of capital. If you can properly acquire knowledge about Trade and observe the market. Then that capital will never lose. Yes, it should be just every trader to take a break. Because it does not stress itself and the mentality changes drastically and the weaknesses can overcome. After the break, you can tet better and recover the loss fund.

[Awaklara]

I think advertising for beginners is not a bad thing to do. Although it depends entirely on the mentality. If you are interested in trade and work properly, then nothing is impossible for him. Similarly, you are interested in trading and you have a limited amount of capital. If you can properly acquire knowledge about Trade and observe the market. Then that capital will never lose. Yes, it should be just every trader to take a break. Because it does not stress itself and the mentality changes drastically and the weaknesses can overcome. After the break, you can tet better and recover the loss fund.

Everything really depends on the mentality of the beginner traders. Nevertheless, losses cannot be avoided in the initial learning process. Those who are currently skilled in trading were also not immune to losses when they started trading.
Only mentality allows beginners to continue learning from their experiences and get results from their hard work. The choice for beginners in facing a losing streak situation is to either stay focused on continuing to learn or to stop now and look for other ways. For some people, trading may indeed never be a good fit.

[rachael9385]

This is right statement and also applicable to gambling also, if you find them taking too much from you, instead wasting your whole life that may seems as if you are addicted it bad omen, and you should avoid them, taking a second thought about something that has to do with risks and losses is very important.

This way you are able to adjust and make better choices on your next venture, so any trader that sees that trading is taking too much from them in terms loses.

You are right, it's important to walk away temporary or permanently from whatever isn't favorable to you. Sometimes in trading we might be doing something wrong and may not be able to really point out those errors, the best thing to do is to take a step back and do more of observation, it can take months but it's for your own improvement. The mistake some traders make is that they try to get it right by trading more and In the process of doing this they lose more money

[Odusko]

Before you see a trader that successfully make profits from his trading on a steady basis, you have to first know what he may have gone through to build such trading capabilities to keep him at profits, no one becomes a profitable trader over night because most of the time we have seen a lot of newbies coming up with that kind of assumption about trading, cryptocurrency trading is somewhat a risky assets though to it volatilities.

[Miles2006]

Losing frequent during the early stage is considered learning, at that point don’t give up, patience is key to success if you want to trade successful gradually. A lot of people intend to give such advice I listed above althoug I might disagree because losing always can’t determine a consistent win after learning, trading is not a game whereby after losing everything you get back your return in hundred folds hell no instead give up as op mentioned. Trading is risky and not everyone can handle the risk so is better they stop and go for something else, mostly newbies who focus only on winning well I will always advise a newbie with such mindset to invest not trade.

[Miramax12]

There's no harm in trying out things but where it becomes a problem is when you find out that you aren't making progress in it, I think the wise decision for any individual that falls to that category is to quit before it is too late, whats the need of continue doing something that aren't profitable to you as a human, although sometimes getting what you want in whatever you involved yourself as a person takes much much time, however, how sure are you that you'll be successful if you endure the test of time, so what will be the news of furthering and still failing more.

In trading, no one can make money from the very beginning; it requires time for learning and practice, and it is quite a long process. Therefore, you shouldn’t give up immediately, but if over a long period nothing changes, even if you try adjusting your strategy, I agree that it’s better to stop in time and find another way to earn money. Money can be earned in different ways; the most important thing is to choose something you enjoy and are good at.

I agree with you that beginning always get tougher for every crypto trader to go through losses before he or she will begin to get it right to make profit earning higher than losing. If you believe in yourself that you will change positively from crypto trading despite your past mistakes, you don't need to give up on crypto trading than to continue watching some video of professional traders to know how they arrived in this success  that is making some traders to grow to become those professional traders.

But a situation where by, the more you learn the skill to be profitable from crypto trading the more you are losing money in crypto trading, I will advise you to quit crypto trading to try other skill, because there are some skills you will learn to display in some develop country or society to begin to make progress.

You are not wrong, knowing when to walk away is definitely part of the game but i think it's also important to recognize that not every lack of progress means failure. sometime it is just slow growth that doesn't look like much on the surface, a lot of people quite right before things start to turn around. sticking with something that's draining your time , money and energy with zero return can be a mistake the real skill is figuring out whether you are hitting a temporary wall.

[GiftedMAN]

Before you see a trader that successfully make profits from his trading on a steady basis, you have to first know what he may have gone through to build such trading capabilities to keep him at profits, no one becomes a profitable trader over night because most of the time we have seen a lot of newbies coming up with that kind of assumption about trading, cryptocurrency trading is somewhat a risky assets though to it volatilities.

Traders will not tell you the sad part of their story they only want you to know when they make profit that's why you see most newbies jumping in to trade without due consideration and confirmation of the information they got from the so called profitable traders. The traders you see making money through trading has experienced countless losses it's obvious they wouldn't want to discourage others especially those that pay them to get signals but if the newbies must know the truth they can't have a good signal all the time and the profit you see traders making is a function of the losses they made just to get to the success level they are in profit today.

[Antotena]

Before you see a trader that successfully make profits from his trading on a steady basis, you have to first know what he may have gone through to build such trading capabilities to keep him at profits, no one becomes a profitable trader over night because most of the time we have seen a lot of newbies coming up with that kind of assumption about trading, cryptocurrency trading is somewhat a risky assets though to it volatilities.

There is no any successful trader that doesn't have his challenge, they were able to work on it that's why they scale through it and it's that experience they have been using to study the market and make money from the market. However, the today traders we are having a the quick rich newbies that want to use trading to escape poverty and it doesn't work that way, you can't make money without any trials unless if you are running a ponzi scheme.

There is another thing many newbies are fond of doing, they like to use futures instead of normal trading. They want to use $10 to make $1000 dollar over a night with high leverage that's why many of them lose their capital before they even started. Instead of some of them to stop if they don't see any profit, the next thing they do is put another money trying to recover the ones they have lost and in the process they loss everything and blame the market.

[tvplus006]

...There is another thing many newbies are fond of doing, they like to use futures instead of normal trading. They want to use $10 to make $1000 dollar over a night with high leverage that's why many of them lose their capital before they even started. Instead of some of them to stop if they don't see any profit, the next thing they do is put another money trying to recover the ones they have lost and in the process they loss everything and blame the market.

This strategy, which is followed by beginners, is called a casino and has nothing to do with trading. Learning and gaining experience is not for them. The desire to receive money quickly and a lot, without having the experience for this, always leads to the loss of the deposit.

[Cgrexp]

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

We often get the motivation to not give up but we should not lose sight of the importance of when we should stop and change our perspective. Trading is a game that requires a high level of skill and self-control. And this game is not suitable for everyone. Yes, many people say that don't give up but if I keep trying for a long time to achieve success, there is no guarantee that I will achieve success later. Those who are losing money in it year after year but are not able to do anything profitable are not only wasting their money but also wasting their time and mental energy. Blindly sticking to it is not only the key to success, it is also prudent to consciously recognize yourself and limit yourself and find alternative paths.

[mirakal]

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

We often get the motivation to not give up but we should not lose sight of the importance of when we should stop and change our perspective. Trading is a game that requires a high level of skill and self-control. And this game is not suitable for everyone. Yes, many people say that don't give up but if I keep trying for a long time to achieve success, there is no guarantee that I will achieve success later. Those who are losing money in it year after year but are not able to do anything profitable are not only wasting their money but also wasting their time and mental energy. Blindly sticking to it is not only the key to success, it is also prudent to consciously recognize yourself and limit yourself and find alternative paths.

Evaluation is needed. We only proceed once we see positive results and abandon our pursuit if we find no reason to continue. But if we are stupid enough to continue despite continuous losing. It was not only a greed problem but also having a mental issue because a normal person can sense what is best and won't take the risk if they see the situation doesn't favor them.

Let us think that if others experience failure, we can't ignore that it may happen to us as well. Whether we like it or not, not all who dream of becoming a trader succeed. Maybe we are one of them.

[Abdulzuruku01]

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

Losing is a necessary part of trading because it allows you to learn from your mistakes which gives you more experience, but if it happens frequently, especially over an extended period of time, and you keep losing your money with no gains or improvements, my best advice would be to either you step back for a while or give up on trading and learn new skills. Most traders only discuss the positive aspects of trading, not the risks, because that is what motivates newbies, and once they have started, they never give up hope of making it big even if the losses are high. Trading isn't for everyone, so if you didn't find it helpful, choose Bitcoin because it's the best investment that promises profits if you hold it for the long term, and it's safer with less risk compared to trading, which takes high risk.

[mustapha67]

Totally understanding what you are saying in this thread.
Trading really can't be forced if it's not suitable and you really can't control the emotions of the trade.

I am among those who are quite skeptical of my trading abilities, Not really satisfied with the results obtained,
and some losses occurred due to the carelessness and panic I experienced.

But maybe being a Holder can still be another alternative for beginners or anyone who wants to trade directly is quite stressful and loses.
Certainly holding Bitcoin and the potential top altcoins for the long term.

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

Yes that's the reality, trading is not gambling, but some trades are considered like gambling such as high-leverage Futures Trading and Binary Options.

First of all, I quote you sir, especially the first paragraph of your post on "Please give up! If you notice trading is not for you". It is important to understand what we are good to do at a particular time to avoid wasting time,and resources. I think a skill training that has lasted more than a year should be able to produce good results, but if not, it possible that such skill training is not favorable for the trainee. Therefore, the best thing is to quickly make for another alternative where necessary.

[Gaza13]

I abide with your advise that one should not act as if without trading you cannot survive your life, just try other things.if trading does not faviour you,i think there's other things out there similar to trading, spot beting, and rest of them.. just like people due say that if your church cannot change you then you change your church.

And why trading does not work for some people is due to there own carelessness. And people should know that trading is not for everyone and the earlier the better that can be done to replace trading and its not by force to trade you can also hold because that is like what a lot of people do and most times people avoid trading because of risk.

And we know that it is risky but with the right knowledge people should be able to manage the trading with the right knowledge and people only need be consistency and with the right knowledge and if they can not keep up with it. Then they should just settle for holding because that is like the easiest to do. And the kind of mindset that they bring to the table is what is affecting most of them because they come with the mindset.  But they should try and do better if they want to actually trade.

Yes, knowledge is crucial in trading. Without it, it's difficult to learn or understand how it works. Everyone agrees that trading is full of risks, even if you've learned various methods. However, knowledge alone isn't enough we must combine it with a series of training sessions when trading.

It's through this experience that we can learn and record our mistakes and successes to improve in the future. And most of us give up easily due to impatience or frustration in trading, or because success never comes or is difficult to achieve. This is the reality we often encounter.

[bettercrypto]

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.

If we just focus on futures, the chances of getting liquidated often are high, because we know the cycle of the game in leverage trading always leads to stress and even depression.

That's why if anyone enters futures, we really must have knowledge of crypto trading skills. Now, if years have passed and you still haven't gained anything substantial,
it's better to just conduct trading activities in spot. At least this way, the risk is somewhat reduced compared to futures trading.