What Makes Traders Consistent in the Long Run When Others are Quitting?

[Joeboy]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

From my observation I noticed that many of this  traders that gives up easily and stops halfway came into trading after seeing “profit screenshots” on social media from experienced and seasoned traders . This filled the head of some of them with the notion that trading is some sort of bed of roses. When this traders eventually started out and incurred loses instead of profit, they give up quickly because their expectations were never realistic to begin with. The  truth is, trading is not a bed of roses. Here are some of the things that those who last and stay consistent overtime do differently:

• They accept the reality of trading which is that profits may sometimes take time to come , and that losses are inevitable they are part of the process.
• And when they encounter loses, they don’t treat it as the end of the road, they rather see it as a means to improve themselves the more
• They practice proper risk management  by  making use of sizing and stop-loses and they also dont risk more than they can afford to loose.
• They keep their emotions in check, by not allowing greed or FOMO, forcing them into trading.
• They treat trading llike a business by having a clear plan, and target etc.

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.

[Joy_learns_crypto]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

If you are out of funds then you are automatically going to quit. Some traders put down an amount for trading and if they are out on that funds with no profit to show their is this superstitious believe that they may not be able to make it through trading.
Another killer of ambition to trade is the advice of failed traders. Traders who failed in being profitable through trading are the first to kill the dreams of those just starting to trade.

[Odusko]

Some time i have to accept that trading habe the tendency of going you some mental pressure that ordinarily you wont wont to go through, at that point you know that regardless of the profits made, it still habe othee negative aspects that traders need to put under check to allow for proper mental focuse, so aside from the stop lose amd tradinwith sizeable affordable amount being the reason foe long term trading, and fact that those that rush into trading Because of the success story their sees being demoted if that success doesn't come for them, but those are not the only set of trader that quit half way, those that quite because of trading pressure and mental sanity.

[Odogwu-Blockchain]

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.

Some traders are not passionate about it and so they get tired easily, never do what you don't have passion for, the energy wouldn't flow but get derailed with frustrated feelings whenever losses occured, it would be impossible to withstand the negative pressure that comes with looses occured, these are what makes those traders find the nearest exit door.

This trading game is for the hard hearted individuals who can withstand the storms, so basically long run traders have passion for it than quitters

[Zaguru12]

Some traders are not passionate about it and so they get tired easily, never do what you don't have passion for, the energy wouldn't flow but get derailed with frustrated feelings whenever losses occured, it would be impossible to withstand the negative pressure that comes with looses occured, these are what makes those traders find the nearest exit door.

This trading game is for the hard hearted individuals who can withstand the storms, so basically long run traders have passion for it than quitters

One of the common mistakes of traders that do not stay long in trading is simply the narrative they brought to the trading. Most of them are here for trading because they want to make quick money and trading isn’t like that, it is not a get rich quick scheme. So in the process of trading instead of them to dedicate ample time to learn most jump into the main Trading and after series of losses they will end up giving up or either liquidating all their amounts.

Most of the time I don’t blame this people I blame the scheme they were brought into Trading, most of them were brought through this influencers mentorships and they are usually told that they can make certain amount of money in a short period of time and if it doesn’t happen they quit

[batang_bitcoin]

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth.

This is true. Many of them think that trading is their way to become rich, while there's half truth to it and it did happened to some. But if they have that mindset and they want to do it on a shortcut, they've got the wrong mindset about it. The earlier an unprofitable trader realizes that it's not for them, they have an option to continue if they want to stick to the market. It's no longer about trading but investing.

[nelson4lov]

I feel like 90% of the time, the failure can be attributed to poor psychology behind those trades. It's only poor psychology that would turn a high probability winning trade to a losing one. If you have psychology figured out, I think you will win most trades as things like risk management are often secondary to psychology.

For instance, I know a guy with 0 technical analysis skills and risk management but he just goes on mexc and short new TGE tokens because he operates with the mindset that all newly launched tokens are down Only.

[Sanitough]

This is why one shouldn’t decide to trade if he is not knowledgeable and incapable to succeed on his trades, otherwise he will only be trading for short term and just leave the market eventually. And as much as possible, never trade for the sake of immediate profits, trading is still a game of speculation, so one should be patient enough to timing the market so that he will gain a positive trade and attract profits.

[Distinctin]

Because they know how trading works in the first place, while majority are just pretending to know how to play the game and eventually end up with consistent profits. The problem with a lot of traders, they are so much greedy that they tend to overtrade and forget about the do’s and requirements when trading.

So the result is, they keep on failing on their trading activities and suffer big losses. While those who trade less seriously and are even enjoying the spices in trading, they are the ones who stay in trading longer.

[Botnake]

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth.

This is true. Many of them think that trading is their way to become rich, while there's half truth to it and it did happened to some. But if they have that mindset and they want to do it on a shortcut, they've got the wrong mindset about it. The earlier an unprofitable trader realizes that it's not for them, they have an option to continue if they want to stick to the market. It's no longer about trading but investing.

The worst part about this, they think trading is a do or die thing. They are heavily focused on their greed, on their getting rich quick era, that they don’t even think that even investing alone can still make them highly profitable in the long run.

Traders like these are not real good traders. They just pretend to actually make a reliable trade, but they know deep in their hearts that they are losing, that they are actually not capable to sustain successful and profitable trades.

[alastantiger]

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.

Trading needs you investing into it through many hours of researching or you'll be left out from profiting from the market. You can't be neglecting researching and still think you can make profits as a trader. It's only time that distinguish between traders that are doing it because of their passion and those trading because all they're after is making the money. For traders with the wrong mindset, they can't stay in the market for long because when they longer see the profits, they'll quit while those with the passion will try out others means to get back on profits. Not everyone can put in the hours needed to understand the market. It's the mindset that determine if someone can stay consistent or give up so quick.

[Mpamaegbu]

Here are some of the things that those who last and stay consistent overtime do differently:

• They accept the reality of trading which is that profits may sometimes take time to come , and that losses are inevitable they are part of the process.
• And when they encounter loses, they don’t treat it as the end of the road, they rather see it as a means to improve themselves the more
• They practice proper risk management  by  making use of sizing and stop-loses and they also dont risk more than they can afford to loose.
• They keep their emotions in check, by not allowing greed or FOMO, forcing them into trading.
• They treat trading llike a business by having a clear plan, and target etc.

Those are salient points. Any would-be trader who takes time to understand them will do well in the industry. It gives credence to that saying, "when one stays long enough in a dark enclave, it begins to feel illuminated." That's how I feel about trading. A lot of people don't stay long enough on it and give it the necessary attention and practice it deserves before calling it quits.

To those who think trading is a shortcut to wealth, I say cheers! You will continue to burn your account until you change that mentality.

[Alpen]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

You say you've been in trading for 'quite some while'. So, what are your results? How much have you made in that time? Show us your P&L statement

[shinratensei_]

People who quit earlier quits because they can't grasp how to trade and also cleared their bank account already.
But I've seen people who quit and tried to do trading again and came out profitable because they came back fully knowing that they did a mistake in the past and now become more managing in both risk appetite and emotion.

Basically, it's okay to quit to take some time contemplating your decision, the problem is so many fake trading gurus are always saying someone can become rich overnight from trading. Giving false expectation.

[michellee]

Trading is not easy so which is why we need to learn many things. That is the key if they want to make a profit from trading. But many people don't think about it and enter trading without any preparation. So that makes them lose their money. They don't realize what is wrong with them but they keep trying but they still losses. If they change their mindset and learn trading deeper, they will see the mistake and will improve their skill. They see that having a skill to analyze in trading is the important key so they can make a profit.

[mich]

Well trading is a very hard thing for us to do and to make profit. If it was so easy well then there would be alot more investors that did trade their coins.

For me I did try to trade and it did cost me alot. I wanted to make some quick profit so I would sell but then price of coins did keep going up. I did learn trading is not for all investors and not for me.

[shield132]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

From my observation I noticed that many of this  traders that gives up easily and stops halfway came into trading after seeing “profit screenshots” on social media from experienced and seasoned traders . This filled the head of some of them with the notion that trading is some sort of bed of roses. When this traders eventually started out and incurred loses instead of profit, they give up quickly because their expectations were never realistic to begin with. The  truth is, trading is not a bed of roses. Here are some of the things that those who last and stay consistent overtime do differently:

• They accept the reality of trading which is that profits may sometimes take time to come , and that losses are inevitable they are part of the process.
• And when they encounter loses, they don’t treat it as the end of the road, they rather see it as a means to improve themselves the more
• They practice proper risk management  by  making use of sizing and stop-loses and they also dont risk more than they can afford to loose.
• They keep their emotions in check, by not allowing greed or FOMO, forcing them into trading.
• They treat trading llike a business by having a clear plan, and target etc.

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.

You perfectly described everything. When I first started trading, I made lots of profit but I also lost lot too. I was thinking that trading wasn't for me, I was too much into FOMO but after a few loses, I stopped trading. During this time, my mind was always thinking about trading and how to get the lost money back. Over time, I realized that since I'm not a whale, I can't trade daily because it's impossible for me to understand where the market goes and I changed my trading strategy. I decided to be very patient and I started to focus on long-term plan. I try to catch only the best moments and I trade few times a year, sometimes I don't even trade. I do things like, waiting for Bitcoin's price to fall significantly, then buy it and then wait for months or years to sell it at higher price. This works very well for me and I've made lots of profit this way without constant stress and anxiety.

[The Cryptovator]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

If you gamble with trading, then once a day you might need to give up unless your luck favours you enough. If someone is constantly losing on the trading, then definitely they have to give up. Otherwise they couldn't survive in real life and can't maintain their family cost. There would be a couple of reasons why people give up trading, but trading blindly by depending on luck would be one of the main reasons. People sometimes think trading is the method where money could be made easily. But when they face the reality of the trading, then it's too late to secure investment.

I don't believe very old and experienced traders often give up. Most likely new traders would give up due to huge amounts of loss. To make trading a long run, you have to learn everything related to trading. Even you have to be updated with the market news. And one of the most important & powerful things is patience. Unless you have enough patience for the trading, you really can't make money. So this is the key point for trading in the long run. For the rest, you have to research the market, learn about candles, etc.

[Joy- maker]

I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

If you are out of funds then you are automatically going to quit.

I can agree with you on this one partially to be among the reasons why some traders quit trading, but there are also other reasons more tangible and reasonable why some traders quit trading. A trader can quit trading because they want to focus in something  else that's more reasonable rather than trading all his or her life in other to make a living, and because not because they ran out of funds to trade. Secondly those traders can decide to quit trading in other to go into running business. Some traders also quit trading and also focus on just accumulating and hold for long term. Some traders also quit trading because nothing is coming out from the trading rather the trading of a thing is the one that's always taking from them.

[lovesmayfamilis]

Here on the forum, you will find many who tried and gave up, those who were mistaken in their opinion that trading could become their profession. I read a lot of these people and was surprised at how optimistic their dreams were and how quickly they either disappeared from the forum or simply complained, repeating old stories that trading is not for everyone. I can say for myself that I did not even try, reading all these sad stories of losses. To be a successful trader, one desire is not enough; you need not only strong nerves but also some funds that you will lose and lose, building your strategy and understanding all the subtleties. This is why people give up; not everyone can analyze correctly, be a strategist, possess strong nerves, and have a winner's worldview.