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

[Hannah$]

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.

I think a professional trader never trades without market analysis. Yes, it is true that to trade, you need to have at least a minimum knowledge of the market, otherwise you cannot be profitable in the future. To be successful in crypto trading, it is important to analyze this in depth. If someone does not have knowledge about this, it is difficult to be successful. So I would say that those who are new to crypto trading must definitely examine it well. And start trading with a small amount of money.

[Muba20]

If you don't know something, you must learn it. It may be difficult to set it up, but if someone pays attention, then it will not be difficult to implement it. There are many who have lost a lot of money by trading, but there are some of them who have sacrificed a lot to learn trading and today they can be called successful. To achieve proficiency in a subject, one has to stick to that subject. I think this is a simple process to achieve something. But if you are afraid of any particular area and stay away, then it is never possible to achieve proficiency in that particular subject. If you can learn trading regularly and start trading with a small amount, then learning trading will not be difficult.

[Franctoshi]

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.

Why we lose our often to the market is because of our greed and approach to market basically managing of risk, I noticed something that some of the profitable trader use a very low leverage of between 2x and 3x, this way you're going to withstand every market draw down but because we need huge profits we do 5× -10x leverage above forgetting that same way we're targeting profit, is the same way the market is targeting our stop loss.

[Mpamaegbu]

...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...

That's me you just described there. I nearly gave up after several years of trying my hand on trading. I realized I was allowing pressure get to me because of bills to be paid and I would take certain trades I shouldn't take. That made me consistently lose. Nine out of ten trades I took, I would Iose. However, I realized that as soon as I stopped allowing pressure get to me, my level of focus increased and I started getting better at my trades. I refuse to quit because I have lost so much money to the market and I need to recover all that. I took that decision when I saw that there were profitable traders in the industry, not all losers; and none of those traders were born any different from me. I soon discovered that for me to succeed, I ought to battle impatience and lack of skills. Again, I suggest that those who aren't successful in crypto trading should try FX Trading or Synthetic Index trading before they finally call it quits. Don't just quit.

[DaNNy001]

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.

The only similarity between gambling and trading is that they both involve taking risks asides from that they don't have anything in common... Trading involves a lot of technicalities that can be studied and with discipline it's possible to make more profit than losses in the long run. Gambling is a game of probability, the outcomes are uncertain no matter how you try to reduce the risks.. Trading isn't as risky as gambling if you know what you are doing

[Jegileman]

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

Giving up on trading has to be from the initial point and not when you’ve spent so much time and resources into it before you decide to give up. Your emotional state could have been disrupted before you would even realise it is not for you. Trading is actually not easy and along the line, many people have up because they can’t keep up with the losses and not see any profit or any sign of profitability coming to you soon.

Trading is not for the weak but also you need to be a tough skin to be able to withstand the many challenges and discouragement for you not to continue trading. At the state you begin to feel gambling vibes in your trading journey, it’s already a sign that you can’t keep up with it and you should gladly let it go before it sinks you off all your money. If you can’t keep up, don’t even start with it.

[Josefjix]

Trading is not for the weak but also you need to be a tough skin to be able to withstand the many challenges and discouragement for you not to continue trading. At the state you begin to feel gambling vibes in your trading journey, it’s already a sign that you can’t keep up with it and you should gladly let it go before it sinks you off all your money. If you can’t keep up, don’t even start with it.

Trading has been a thing for the hardcore people that thinks for themselves as stubborn set of traders, the essence of been consistent even when not seeing the profits should be checked and examined especially when it's up to 2 years trading and no tangible results to show. Trading is not easy and it's not meant for everyone, despite the technical and fundamental knowledge one could know.

If one should question himself over and over why there isn't rewards in trying this, then quiting should be next option.

[tvplus006]

Giving up on trading has to be from the initial point and not when you’ve spent so much time and resources into it before you decide to give up. Your emotional state could have been disrupted before you would even realise it is not for you...

Obviously, such a trader is prevented from trading by his own Ego and the inability to recognize the fact that he is not capable of becoming a profitable trader. For others, such a factor in trading, as well as in casinos, is that the black streak must end and they will be able to get a big win.

[uchegod-21]

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

This is where we have to draw the line between being patient and time wasting. This two are very similar, one can actually be wasting his time and resources thinking he is just being patient. To me, I will advice any trader that is seriously emotional with the way trading is going for him to quit and look for other jobs, businesses or investment that can give him a more stable mind.

Trading is not just trading as non-traders see it. Trading takes lots of energy and mental stress. It steals time and money too. If all your efforts are not rewarding, rather all you get is pain from losses and increasing debts, I see no need to be patient further. Learn when and where to draw the line.

[Pressurizedem]

This post is not one that everybody will be happy to see.
A post that's telling traders to give up if trading does not favour them.
We all know there must be ups and down in this trading business, but a post motivating beginners or traders not to quit will be better than this one thats telling you to quit if it's not favouring you.
In as much as a trader has seen someone doing well in the trading business,I think he or she will find it more difficult to stop because he has seen the benefits of that thing he is being adviced to stop.
Therefore, Instead of the advice to stop when we all know that it will  be impossible,it is better to say yes,and keep going because it will definitely turn out good someday.

[harapan]

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.

Absolutely this is right, when you notice you're not profitable or you're not getting positive results in that aspects it's best you quit. But so many others will want to keep trying after all it's said that keep trying till you get the final results but in most cases getting one or two signals that this ain't working, give up on it or quit. Cause if it's not working it's not for you.

[Japinat]

Giving up does not actually mean you are totally at loss, but it’s protecting yourself against future losses that you have no control of. My point here, know when to continue trading and when to stop and leave trading. There’s no point moving forward if you know in yourself you have suffered a lot of losses, while there are only few chances that you’re in profits.

Sometimes, the best solution is to give up, while you start exploring another opportunity that could possibly give you massive earnings that you had never realized when you chose to stay in trading.

[LogitechMouse]

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.

For me, the term "successful" is a vague term because we can have different definition on it. As for me though, being a successful trader means continuously making profits through trading - something that I haven't achieved despite trading for years already.

Some might think that it's that easy to trade. Just click a few buttons and then "BANG!!!" profit, but that's not the reality of trading at all, and it's harder than what many think it is. Like you, I want to settle into spot trading as well, but I'm think "If I will focus more on it, how can I make money if the market goes into the bear  market season", so the best thing that I did was trading on futures still, but now with lower leverages unlike before.

As for the OP, the question is "When will a trader know that trading isn't for them?".

[adultcrypto]

Trading is really a very good business if the trader is able to perfect the skill and develop a working system that is profitable. Unfortunately, no matter how good trading is, it can never be suitable for everyone because trading defines our personality and our approach to life in general. Therefore, it is important we check if trading is actually for us or not. The risk involved and the emotions that comes to play are some of the things that can be used to make such assessment before giving trading your time and money.

[goldkingcoiner]

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

Most traders give up before they become profitable. And while losing money is a bad thing, it can also be seen as "tuition fees" to learn to become a profitable trader. Or you can just use a testnet exchange until you become profitable. There are many ways, simply giving up is not one of them.

So I cannot really agree with your advice of giving up. If you have come this far, you may as well go the rest of the road and eventually reach success.

I started out with nothing but losses as well. But I did not give up. And I do not net any losses anymore. Or at least very rarely.

[ScamViruS]

I think a professional trader never trades without market analysis. Yes, it is true that to trade, you need to have at least a minimum knowledge of the market, otherwise you cannot be profitable in the future. To be successful in crypto trading, it is important to analyze this in depth. If someone does not have knowledge about this, it is difficult to be successful. So I would say that those who are new to crypto trading must definitely examine it well. And start trading with a small amount of money.

Without trading knowledge, no trader can survive in the crypto market for long. Being able to analyze the market correctly is the main tool of trading, if a trader blindly follows someone and takes trades, then there is a possibility of his downfall very quickly.

The biggest mistake newbie traders make when they start trading is following various influencers and buying various coins they share. And in this they face huge losses. And that's why you have to spend time acquiring knowledge to make yourself a professional trader.

[Wakate]

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.

I don't support your opinion about people that are not that profitable as traders. Trading is not a skill that you will start making consistent profits from which is why patience and continuous learning should be what we should be doing when we notice that profits is not coming like the way it ought to be. I don't believe in giving up as traders. If everyone gives up immediately, what will be the fate of those that have not started trading?

[SATWAT]

There is no argument trading has never been for all its needed some good skills with understanding of risk management and knowledge because if you have nothing about this surely you are going to ruin your funds with time and energy.
In recent time due to social media many started their journey and having influencer which give them tips which are surely having worth, but trader always needed to do his own search as well because without doing any paperwork it's never going to work.
Newbies fall down because they are having too many expectations which are surely due to hype or advertising which encourage them but never give proper understanding of this trading after having early loses peoples drop this idea which give them setback and usually after this fewest people have success.

[carlisle1]

For me, skills and experience aren't enough for you to become a successful trader, i think even a well known trader are still experiencing loss in their trades from time to time. It's not about skills and strategies alone, people should have their own risk management and how they plan their trade. Also, trading should not be your main source of income as it doesn't guarantee profit as often.

[TravelMug]

For me, skills and experience aren't enough for you to become a successful trader, i think even a well known trader are still experiencing loss in their trades from time to time. It's not about skills and strategies alone, people should have their own risk management and how they plan their trade. Also, trading should not be your main source of income as it doesn't guarantee profit as often.

If you take risk then you won't have that skills and experience. You will have to go the a point that you are uncomfortable and see how it goes. Others might find it very hard though, so they gave up trading. Maybe there are a few who doesn't gave up even if they losses big money until to the point that they might have thought that it's not going in their way and so they stop and strategize or even really quit. But I do agree that it's not for everyone, trading is really very hard, others might sound as if it is easy, but it's not. You really have to go into several stages here and passed before you become a successful trader and not it's not a easy path. Maybe there are good people, but it's not for everyone. And I think that's part of life itself, there are things that are not really meant for us. There could be other things in crypto that will fit the most of us just like accumulating and HODLing.