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

[gunhell16]

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 know, OP, people have different reasons for getting into the world of crypto trading. Some get into it because they want to learn how to trade, and getting a profit from it is a given.
As a newbie in this field, you should be aware of the situations you might face here.

If you don't think about these things, it's not surprising that your emotions will take over in unexpected situations. In short, you have to be a risk-taker here, which is why people
often say you must know how to properly manage risk.

[Sanitough]

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 know, OP, people have different reasons for getting into the world of crypto trading. Some get into it because they want to learn how to trade, and getting a profit from it is a given.
As a newbie in this field, you should be aware of the situations you might face here.

If you don't think about these things, it's not surprising that your emotions will take over in unexpected situations. In short, you have to be a risk-taker here, which is why people
often say you must know how to properly manage risk.

Trading is all about risk-taking, so as much as possible you have be a risk-taker in the first place for you to maximize reaching your goal in trading. Now, the question is, are there chances for any not risk-taker to succeed in trading. It depends for me, since trading can be learned in time as well as the risks that are involved when trading. But as long as you know your ultimate goal why you trade, then you should adapt the required knowledge, skills and strategies, and even building yourself on how to manage calculated risks.

[kawetsriyanto]

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.

Agree. Trading requires specific skills, not everyone has the skills. Trading also requires a lot of time for analyzing the market trends and potential coins/tokens. If someone doesn't have these matters, it is better to focus on investment. Sure, trying for few years is surely enough to prove our ability in trading whether it is suitable or not. If we tend to get losses than profits, it is better to try another one (ex: investment).

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.

Yep, trading isn't the only way to earn money. There is another option, investment. Some people even prefer focusing in investment since the beginning because they assume trading isn't very suitable for them. Well, we can't force to do something that we don't have passion or skill on it.

[Fredomago]

~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.

If they have that extra patience and enough available spare balance, quitting is not a good option if they are into learning things to improve their chances, though not everyone have that good insight as if do then there's no one who'll going to trade since in trading there's always positive and negative outcome, timing and good control on both finances and time, if you have that correct balance then you may continue and might possible to succeed, no assurance but chances is not by far.

[dunfida]

~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.

If they have that extra patience and enough available spare balance, quitting is not a good option if they are into learning things to improve their chances, though not everyone have that good insight as if do then there's no one who'll going to trade since in trading there's always positive and negative outcome, timing and good control on both finances and time, if you have that correct balance then you may continue and might possible to succeed, no assurance but chances is not by far.

We do know on how patience works and on how important it is when you do make out some trading on which we do know that timing could be everything but of course there are times or moments that luck would be also a determining factor. Im not saying that you would be needing to rely with luck since this would be that totally that against on the principle when doing trading or investing because this isnt gambling that you would totally relying on with it at the time that you do make out some engagement. We do know that everything which is too much will be always be that bad and this is something that you must consider. There are just that those times or conditions that you've been that too optimistic on things on which you do decide to hold up your position no matter what even if it means that you are missing out those chances that you can at least be able to secure those gains at at least.

Just like on what most people been saying on here is that there are things in life on which that no matter how hard you do but still you do end up on failing and its something that you do need up to consider. Quitting isnt talking about being a loser but rather you are just that being wise on taking up some actions just because you've seen it that its not feasible already. So it will be that up to your own decision making on which one you do seem that will give out that better situation or outcome into you.

[bitgolden]

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

Newbies do not even know the rules, or how they should trade, so giving up at early stages without knowing what they are doing or they should be doing would be a bad idea. I disagree with OP and he is making a big deal out of trading like it's something some people can do and some people can't do. This is why it's not that easy to make some returns for the benefit at the moment.

I can't really see a way that newbies should give up without trying more it's obvious that we are not going to get the results that we desire, and because of that it would make more sense if we could just make a lot of return with the market that we already have by trying to learn more and grinding until we are good, even if with small amounts.

[Zanab247]

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

You don't need to give up on trading when losses occur in your trading, than to take a break to find out what is the causes of the loses and you will surely find solution to your failure. I know some newbies will listen to the preaching for traders to give up on trading whenever they are experiencing losses, because the newbies will be thinking negatively on losing but those that have the knowledge will not think negatively on that situation.

If you are not getting it right with your trading, just relax and search for a potential mentor who will be advising you correctly on what to do when you are about to trade, and it will be hard for you to give up on trading easily because your winning will be more than your losing.

[Barikui1]

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 seems like the most hilarious post I have seen this month, in as much as it's very true, as an individual I sees giving up as surrendering, that's why I hardly accept the fact that am giving up on something that I knows that might pay off if I can get it right, but generally, the op is actually right, trading is not a do or die affair, it's very painful when you keeps on blowing account after account, wasting money that would have been used to help yourself in one way or the other, so if you knows that you can not afford more losses, just give up. 

I can still remember how I feel when I lost like 70% of my salary to trading, that was in my early trading days, I lost the money the first week I was just paid, and the month ending is still very far ahead, I started asking myself so many questions in front of the mirror, but I never gave up after that terrible experience, looking back in how far I have gone, I am glad I never gave up then.

[Lanatsa]

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 seems like the most hilarious post I have seen this month, in as much as it's very true, as an individual I sees giving up as surrendering, that's why I hardly accept the fact that am giving up on something that I knows that might pay off if I can get it right, but generally, the op is actually right, trading is not a do or die affair, it's very painful when you keeps on blowing account after account, wasting money that would have been used to help yourself in one way or the other, so if you knows that you can not afford more losses, just give up. 

I can still remember how I feel when I lost like 70% of my salary to trading, that was in my early trading days, I lost the money the first week I was just paid, and the month ending is still very far ahead, I started asking myself so many questions in front of the mirror, but I never gave up after that terrible experience, looking back in how far I have gone, I am glad I never gave up then.

You would be able to realize things when there's nothing left on you. Its not bad on having that kind of perseverance within you or deep inside on which not giving up kind of behavior is something a strength that a certain individual could have on which is not to give up but of course you would be needing up to be that sensible into the things that you do. Trading is hard and not something a skill that you can learn in a short time but there are indeed things in life that you should be giving up because once you would be that forcing up yourself on dealing up with it despite of those bad results then you are making things more worst.

If you've seen yourself already burning too much money then it would be just wise that you should be stopping on doing or engaging into it instead on trying to go on forward then quitting isnt always that been bad. Dont wait for things to become severe because you would be that truly regrets at the time that you would be having no money inside your pocket. Trading isnt only talking about making money but also its a way to burn up money specially if you dont know on what you are doing with it. Always be having that preparation on the time that you would be dealing up with something and not all the time that results will be always that positive.

[freedomgo]

This piece of advice is actually very easy to understand, yet a lot would still prefer continue struggling and try all the potentials they have just to trade successfully and profitably. In the end, all they have are just maximum losses, but only few are gains.

My question is, how long we’ll continue to suffer from losses and realize that trading isn’t meant for us? Because I don’t think majority have understood the real meaning of trading. Although they probably understood it, but they haven’t realize that they’re incapable for it. And the more they pursue trading, the bigger the losses they will continue to face.

[@nn@_pen9]

Trading is all about risk-taking, so as much as possible you have be a risk-taker in the first place for you to maximize reaching your goal in trading. Now, the question is, are there chances for any not risk-taker to succeed in trading. It depends for me, since trading can be learned in time as well as the risks that are involved when trading. But as long as you know your ultimate goal why you trade, then you should adapt the required knowledge, skills and strategies, and even building yourself on how to manage calculated risks.

There's certainly no chance if they don't take any risks. However, it's important to remember that effective risk-taking must be supported by adequate knowledge and preparation, such as understanding the basic concepts of trading, such as technical analysis, fundamental analysis, and risk management. Yes, every trade doesn't always go smoothly every failure has a lesson. We should record every failure while trading so we can change our approach in the future. It's important to remember that taking risks doesn't mean acting recklessly. Proper risk management, such as setting limits and conducting in-depth analysis, can help minimize potential losses.

[YOSHIE]

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

The main point of the presence of crypto in the wider community, initially functions and created for the community as an alternative exchange tool is the main goal of course the situation is carried out with the help of the internet, to facilitate users without the hassle of waiting for the queue or third parties.

Over time and utilizing existing technology, crypto assets are used as investment assets for value protectors of course from various effects such as inflation, but if crypto assets are utilized as trade assets, of course that is another thing.
Meaning: Anyone who carries out trading activities is truly those who have knowledge in that field, because the purpose of the main crypto assets is not for trade.
It is wrong for them to be laying that trading knowledge goes into the market and doing it, it's the same as throwing away their money, so it's natural that it is not an expert from them should stop and do something else.

[pusaka]

This piece of advice is actually very easy to understand, yet a lot would still prefer continue struggling and try all the potentials they have just to trade successfully and profitably. In the end, all they have are just maximum losses, but only few are gains.

My question is, how long we’ll continue to suffer from losses and realize that trading isn’t meant for us? Because I don’t think majority have understood the real meaning of trading. Although they probably understood it, but they haven’t realize that they’re incapable for it. And the more they pursue trading, the bigger the losses they will continue to face.

First, we must understand ourselves. This may seem easy, but trust me, it's a time-consuming process, as we'll be battling our own ego. Unless we understand ourselves in general, we'll experience high expectations unbalanced by reality, especially since we know the risks of trading.

Sometimes we don't accept what's there. I mean, when we think it's difficult, we resist it. This is actually a good thing if it's coupled with other good practices, like continuing to learn and so on. However, the problem is, some people resist it unwisely, such as hoping for luck.

[Awaklara]

There's certainly no chance if they don't take any risks. However, it's important to remember that effective risk-taking must be supported by adequate knowledge and preparation, such as understanding the basic concepts of trading, such as technical analysis, fundamental analysis, and risk management. Yes, every trade doesn't always go smoothly every failure has a lesson. We should record every failure while trading so we can change our approach in the future. It's important to remember that taking risks doesn't mean acting recklessly. Proper risk management, such as setting limits and conducting in-depth analysis, can help minimize potential losses.

You are right, traders can take risks when they understand how much risk they can take. Without knowledge and experience, traders who take bigger risks are just gambling.
Traders can keep trying and not give up on learning to trade. But they also have to know their limits. Trading can indeed be learned by anyone, but not everyone can trade well and make a profit.

[justdimin]

This seems like the most hilarious post I have seen this month, in as much as it's very true, as an individual I sees giving up as surrendering, that's why I hardly accept the fact that am giving up on something that I knows that might pay off if I can get it right, but generally, the op is actually right, trading is not a do or die affair, it's very painful when you keeps on blowing account after account, wasting money that would have been used to help yourself in one way or the other, so if you knows that you can not afford more losses, just give up. 

I can still remember how I feel when I lost like 70% of my salary to trading, that was in my early trading days, I lost the money the first week I was just paid, and the month ending is still very far ahead, I started asking myself so many questions in front of the mirror, but I never gave up after that terrible experience, looking back in how far I have gone, I am glad I never gave up then.

Giving up, could be not because you lost, but because you do not want to. Like I gave up music years ago, not because I couldn't, but because I realized that's not what I wanted to do in my life. Bad experiences also could shape, not because you are bad at it, just that you do not like what happens when you are good at it. In any case, giving up on trading just because you are bad makes sense if you have been doing that for many years, after all you are not getting the result you want.

But if you really want to, then you could do a lot better on the long run with what you do. That's the most important part, as a newbie, people should keep trying, newbies WILL be bad, that's how you start, but then rest is easier and you can do a good job. Most people fail at that part, and they do not realize what could go wrong.

[Ricardo11]

There's certainly no chance if they don't take any risks. However, it's important to remember that effective risk-taking must be supported by adequate knowledge and preparation, such as understanding the basic concepts of trading, such as technical analysis, fundamental analysis, and risk management. Yes, every trade doesn't always go smoothly every failure has a lesson. We should record every failure while trading so we can change our approach in the future. It's important to remember that taking risks doesn't mean acting recklessly. Proper risk management, such as setting limits and conducting in-depth analysis, can help minimize potential losses.

You are right, traders can take risks when they understand how much risk they can take. Without knowledge and experience, traders who take bigger risks are just gambling.
Traders can keep trying and not give up on learning to trade. But they also have to know their limits. Trading can indeed be learned by anyone, but not everyone can trade well and make a profit.

Yes and this is why trading is not for everyone, or even if everyone comes to trading, not everyone can achieve success here.
Trading will never bring you success as you expect, The more efficiently you can trade by managing the market here, the more you will be able to achieve success..
However, it is never easy to use the right strategy by doing market research and observing market movements.
Because market movements are very difficult, many times due to a small mistake in market research, your entire trade can be ruined, as a result, you will have to face losses in the end.
And this is why you have to learn the right lesson from every mistake, cause losses will come very naturally.
But you have to be more careful from every loss, and be more careful about that in the next trade, so that the same mistake is not repeated.
In this way, you have to make yourself skilled by gaining long-term education and gaining more lessons from each mistake, it will take a lot of time but at some point you will definitely achieve success.

[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.

Most people think that since it works for one it'll certainly work for everyone. It just seems like putting your effort to getting things work out well but all plans to put that in place is futile cause it may be due to a failure in the planning system or mis preparations and all that. Besides putting your time for something that's not working is a sign that you ought to give up and try out something else.

[Nahl]

Some of my friends are give up to trade and leave crypto world because their trading statistics doesn't go well but being an professional trader could be a dream for some people i think we cannot be blame the people liked this especially some success trader can make living and show off their asset which makes those people inspire by them and hoping to gets success too but in fact the current reality is those who can be called as the newbie and attempts to being an the trader most likely to gain loss rather than money so this condition makes this job is not for everyone especially to be a good trader it took not only skill but also strong mentality to faced the volatility of market

[nara1892]

In my opinion, what is more appropriate is that you can decide to stop when you have spent years in the world of trading but don't throw away the results at all, at least when the process you have gone through has been more than 2 years and then you can decide to stop, in my opinion that is the right measure to conclude that trading is not suitable for you, meaning that if for example you have only spent a few months then I think don't stop yet because you are still in the process of adapting and learning to absorb the various knowledge you have learned, the reason is because trading is not something that is easy to learn and understand.

[Fredomago]

There's certainly no chance if they don't take any risks. However, it's important to remember that effective risk-taking must be supported by adequate knowledge and preparation, such as understanding the basic concepts of trading, such as technical analysis, fundamental analysis, and risk management. Yes, every trade doesn't always go smoothly every failure has a lesson. We should record every failure while trading so we can change our approach in the future. It's important to remember that taking risks doesn't mean acting recklessly. Proper risk management, such as setting limits and conducting in-depth analysis, can help minimize potential losses.

You are right, traders can take risks when they understand how much risk they can take. Without knowledge and experience, traders who take bigger risks are just gambling.
Traders can keep trying and not give up on learning to trade. But they also have to know their limits. Trading can indeed be learned by anyone, but not everyone can trade well and make a profit.

Exactly, it can be learned but not everyone will succeed, there are fundamentals that only real traders will managed to establish and will give them knowledge that they need, you can push for more experience and work well with your skills, and if fate destined you to be a successful trader then it will be a fortune to you, but if not, then you should also have that decency to accept and move forward looking for alternative ways to earn.