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

[Mame89]

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

That's why many people on this forum always say that trading is accessible to everyone, but sometimes trading isn't suitable for everyone. Trading is a risky and complex activity. If you've tried various strategies and still experience significant losses, you should give up; perhaps trading isn't suitable for you.

Perhaps you could try investing for the long term rather than trading, especially futures trading. I think long-term investing, especially in Bitcoin, is suitable for everyone, as it only requires a little knowledge, especially regarding wallet security. After that, you just need to be patient until your investment goals are achieved. In essence, don't force yourself to do something that doesn't suit you, especially in trading, which is full of risks, which will only waste time and money, as you said.

[ChocolateBitcoinK]

I definitely agree with you on this, when you are constantly losing, not seeing any improvement, no matter how hard you try, nothing is working and you are only facing more losses, then you should ask yourself, is this path really for me?

Trading is not for everyone, not everyone can learn trading or the amount of losses that can be incurred in the first stage is beyond their capacity, usually when you first start trading, everything will not go right, in the first stage you will generally continue to lose, but over time this loss will reduce and you will continue to become skilled, but if there is no significant positive change in you and after a long time and after facing many losses, if you cannot do it for the sake of skill here, then you should leave this path.

Trading depends on pure skill and mental control to give you results, which is not suitable for everyone, when there is only loss after year, then you must accept reality and develop yourself towards something else, there are countless ways from which people can achieve countless successes.

[taufik123]

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.

[Natalim]

This is really true. Trading isn’t for everyone, despite of the reality that everyone can enter trading and risk their funds. But the problem is, how long they will have to suffer from consistent mistakes and losses that made them continuously drained. That’s why I don’t see any negativity if someone finally decides to quit from trading, that’s because trading isn’t actually for him. He can still be profitable in other means, but probably not in the field of trading.

This is a realization for everyone who keep pushing theirselves to trade despite of its inevitable losses. You don’t have to do that, find another means instead where your talents and skills are more fit and success would be quite easier to gain.

[Mrbluntzy]

You are right, some people say that there is always light at the tunnel and that's why they have to remain persistent and for a fact, there could be light at the tunnel but when you see that the trading is not working for you despite the years of being persistent, the person just  need to give up and try something  new. Although, I intend to ask, how long does it take someone to keep being persistent in trading before giving up? Some people say they trade and practiced for more than 1 year before being successful while some took more than that and it can really be difficult to be that patient and losing money during the period.

[Botnake]

Trading is not a do or die that anyone who trade should always be successful in the end. This is a very wrong mindset for a trader, simply because not all traders are good enough to succeed in the end, but that does not mean that they will also be failures in other aspects.

There are those who lose a lot when trading but ends up gaining a lot when they simply buy and hold their coins. Or turns highly profitable when they start doing business that is suitable for them. This only proves that trading failure will never put an end to where you have high potentials to succeed, so just keep trying and risking.

[mirakal]

That is right. Let us accept the truth that trading is not meant for everyone. Therefore, we don't need to force ourselves into something that we can't afford to adopt the situation and understand the market.

Trading is not a simple job but rather more about technical and deep knowledge of the market. Acquiring skills is a need to succeed. And if we never find ourselves living in this way and negativity is always in our minds. It's better to forget about it rather than pressuring ourselves to trade. It never just incurs losses but also mental stress.

[2Pizza410000BTC]

I completely agree with your words. People consider trading platforms as an easy way to earn money. I have seen those who consider trading platforms as an easy way to earn money and become completely destitute after losing their money on trading platforms. So it cannot be considered that trading platforms are an easy way to earn money. And especially if trading does not favor us and if we have to remain in losses even after trading for a long time, then it is better for us to give up trading and focus on something else. Because trading cannot be done by guessing. If we want to trade, trading strategies and technical analysis are very necessary. In this case, if we cannot know these, then we should definitely give up trading and focus on something else.

[DaNNy001]

What a very funny topic but very accurate because this is true, everyone cannot make profit from trading... it's all about finding what works for you, it's not compulsory that your financial stability must come from trading, giving up doesn't mean that you have given up on trying to be successful but you are giving yourself space to think of the next step instead of allowing yourself to keep being depressed over continuous losses

[tvplus006]

...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...

Yes, the reality is that not every trader can learn to trade profitably, despite a year of training. And it depends on the personal qualities of each person and the ability to strictly implement basic strategies. It will be easier for such traders to retrain as investors.

[sheenshane]

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

If you are making a living from trading, that's definitely not right, and I tend to agree with you, OP.
Trading isn't for everyone, depending on how they view it, especially if you depend on your daily income from trading, because trading doesn't mean you will always win.  Sometimes you will face losses and need to learn from them.

If it doesn't work for you, it's time to quit and stop trading.
If you rely on trading for your daily living and don't have another job, trading isn't for you.

[Lightmanalmani]

This is really true. Trading isn’t for everyone, despite of the reality that everyone can enter trading and risk their funds. But the problem is, how long they will have to suffer from consistent mistakes and losses that made them continuously drained. That’s why I don’t see any negativity if someone finally decides to quit from trading, that’s because trading isn’t actually for him. He can still be profitable in other means, but probably not in the field of trading.

This is a realization for everyone who keep pushing theirselves to trade despite of its inevitable losses. You don’t have to do that, find another means instead where your talents and skills are more fit and success would be quite easier to gain.

Yea exactly, the paid ads and adverts has made it look like it's such an easy get away from poverty, it equally  made both newbies and "professional " traders with wrong psychology to invest all their life savings and even borrow just to hit it big in trading.

Most of them have gone into depression and even getting suicidal due to the losses and disappointments.

So of a truth, without sugar coating words, please if anyone have  come to an understanding that trading isn't for them please should kindly quit.

[Distinctin]

This is not to discourage traders not to stay forever in trading, but this is the reality when all you have are mistakes and losses, but only few are gains. Trading is not the only one profitable, provides life-changing profit opportunities, but there’s actually a lot there, we just have to keep exploring every earning opportunities around.

Reality is, while there are traders who made it into success, but majority are losing. Let’s not sugar coat it, trading is definitely not for everyone who aims to make big changes in their lives.

[passwordnow]

-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.

It's a real thing that taking risk like you're gambling and people who seem to be focused only on earning will look that it's easy for them. But upon going on, they'll experience the hardship of trading. I think even in the spot, we can say that it's also the same as gambling like the lower risk ones but it's not that a lot of difference if someone does that. So, just as we're saying in gambling that people should only trade what they can afford to lose. Whatever it takes for them whether they're just learning at the beginning and only want to test their skills, still apply such rule.

[Strongkored]

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

Not everyone dares to admit their inability, rather than giving up they will usually continue to look for other ways to make a profit even though they have to spend money, maybe in the end they will be successful but for years they have to spend money without getting a good return, an action that seems stupid because there are many other things we can do to also be able to make a profit.

[Pandu Geddon]

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 have been trying to learn for a long time but still face difficulties in making analyses and continue to incur losses, it can be assured that trading is indeed not suitable. Trading is not for everyone. Those who think trading is easy are beginners with foolish thoughts who will waste their money. Trading can indeed be learned, but not everyone will be suitable for trading. One needs to find a method that is more appropriate to their desires and abilities. If you can't trade, why not invest?

[reagansimms]

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.

Trading requires an understanding of the market, analysis, risk management, and the right mindset. If someone fails to grasp the fundamentals of trading, they are likely to experience difficulties and risk losses if they continue to push themselves. This is why trading is not suitable for everyone. Someone who is always having difficulty in trading needs to examine their abilities to realize more precisely that trading is not suitable for them, after all, trading is not a get rich quick scheme, the network hesitates to stop before experiencing much greater risks because there are still many other ways to achieve financial success.

Self taught learning can lead to problems and confusion when choosing a direction due to limited knowledge. It's important to evaluate the reasons for your trading difficulties. If the problem lies in limited understanding, you need to find the right place to learn, such as a trading course or mentor.

[GreatArkansas]

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 have been trying to learn for a long time but still face difficulties in making analyses and continue to incur losses, it can be assured that trading is indeed not suitable. Trading is not for everyone. Those who think trading is easy are beginners with foolish thoughts who will waste their money. Trading can indeed be learned, but not everyone will be suitable for trading. One needs to find a method that is more appropriate to their desires and abilities. If you can't trade, why not invest?

This makes sense, this is more acceptabl,e especially if you really tried to learn. But if you really can't handle everything in learning, can't control your emotion,s and don't help yourself to learn, then the answer is YES. Sometimes, giving up in times like this and accepting the reality is good. Especially trading involves money especially if the money you are using is you can't afford to lose.

[Negotiation]

Your opinion is absolutely correct it is not wise to lose money year after year in the name of surviving in trading rather this valuable time of life should be used to acquire some other new skill and establish yourself in a different profession. Continuous losses in trading cause mental stress trading is a field where it is very difficult to control emotions continuous failures can reduce a person's confidence and can damage mental health.

[taufik123]

It's a real thing that taking risk like you're gambling and people who seem to be focused only on earning will look that it's easy for them. But upon going on, they'll experience the hardship of trading. I think even in the spot, we can say that it's also the same as gambling like the lower risk ones but it's not that a lot of difference if someone does that. So, just as we're saying in gambling that people should only trade what they can afford to lose. Whatever it takes for them whether they're just learning at the beginning and only want to test their skills, still apply such rule.

Sometimes the rules at the beginning have been implemented well and achieved some profits,
but then all those rules are ignored anymore when they are too FOMO or too panicky when the market price continues to fall.
They do not do trade management properly and correctly, so there is nothing to do when the price is falling.

Especially when it comes to the issue of trading psychology, it is like a distraction that will continue to occur with some panic,
greed and gambling like gambling due to the loss of control and initial strategy.

I once gave up on trading because in the end there was no profit I got,
More losses due to panicking too much and applying the wrong strategy.