TRADING FROM 5 YEARS STILL IN 30k LOSS

[jcojci]

You should pay off your loan first. Then you can think about what's next you can do. It is difficult if you don't pay off the loan because your mind will think too much and you can't focus on what you are doing. But if you think you can handle your loan and investment together, you can do both.

Or you can search for part time jobs to earn more money so you can pay off your loans early. After that, you can use the earnings to invest in Bitcoin. If you think trading is not for you, then you can invest in Bitcoin. I don't know if that is about gambling or the cost of learning trading. You should ask yourself what you get from trading.

[Alpen]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

I'm curious, what is your Bachelor's degree in?

And it's not entirely clear what you mean when you say 'I trade'. What specifically are you doing on the exchange? Can you describe your strategy?

[maknyos]

This is what I keep on telling people who are trading that is they're not making profit but losing, they should stop trading and let go of their losses. Trading for five years and you are in a big loss of 30k shows that traders are losers in the long run.

Assuming you have invested that money into bitcoin through DCA, you would have been in profits by now because you started trading since 2020, when bitcoin price was still very cheap. You are a family, you should focus more on investing for the future and not trading.

That's a long time for someone to trade, and in fact, that long can also result in such significant losses. Worse, the owner may also be in debt, likely due to having to cover expenses due to the money being used up for trading. I don't mean to belittle it, but if losses persist for such a long period, it would be better to stop trading and invest instead.
If the owner had invested using the DCA method at the time, the profits he could have made today would have been substantial. There's no need to force yourself to recover losses; it's better to turn a new page by investing.

[@nn@_pen9]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

There is no one who can give advice or input, let alone recover your losses, we ourselves experience trading. Everyone is different in responding to the methods they learn, you yourself can change all of that. This is your biggest mistake in trading by borrowing a loan of a very large amount. If there is no improvement at all in a few years, you should just give up. It is much better than continuing. This will have a much bigger impact than before.

[bangjoe]

5 years is too long for you to learn, if until today your trading is still a lot of losses rather than profits, for the amount of loss in the learning cost is uncertain depending on how the use of your trading costs, if you think it is worth it as a learning cost, I think you have a problem with your common sense to learn, the amount of $30k is too much for you.

And don't think about recovering your trading losses because that will only make yourself suffer more, because until day ii you can't have a profitable trading strategy for 5 years of your learning, you have to accept that maybe you don't have talent in this industry.

Or there is a wrong way of learning in your trading.

[cryptoaddictchie]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

I'm sorry to hear that mate. 30k total loss is so massive plus those loans. You can still continue to trade however you need to properly execute well or study it first. Trading is quite risky, and losing that much means you are not doing it properly. Is there no gains in the span of that 5yrs only pure loss? Don't get upset but I want to know if you are using tech analysis or some charting for this? Cause it's quite hard to fully loss in the time you have been doing it.

[Mahanton]

5 years is too long for you to learn, if until today your trading is still a lot of losses rather than profits, for the amount of loss in the learning cost is uncertain depending on how the use of your trading costs, if you think it is worth it as a learning cost, I think you have a problem with your common sense to learn, the amount of $30k is too much for you.

And don't think about recovering your trading losses because that will only make yourself suffer more, because until day ii you can't have a profitable trading strategy for 5 years of your learning, you have to accept that maybe you don't have talent in this industry.

Or there is a wrong way of learning in your trading.

Losing money for five years straight without seeing any real improvement is definitely a sign that something is off either in the learning approach or in the mindset if someone keeps repeating the same mistakes for that long it’s no longer just bad luck it’s poor strategy and refusal to adapt thirty thousand dollars is an enormous amount to lose just for learning and it shows that emotions probably played a big role along the way.

At some point you have to pause and evaluate whether trading is really for you because not everyone is built for it some people have better results investing passively or building other sources of income instead of chasing charts and signals if the goal becomes recovering losses rather than learning the right process that’s when most traders dig an even deeper hole. There’s no shame in accepting that maybe trading isn’t your strong suit but if you still want to continue then something has to change study risk management properly learn position sizing control emotions and switch to demo trading until you can consistently make profits before risking more real money five years of pain should teach that the market doesn’t reward stubbornness it rewards discipline patience and self awareness.

[Fiatless]

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee for learning in this field

Should I continue to trade or leave this field

You would consider your losses as a price for learning if you have started making profits. If you are still losing, it means that you have not learned trading very well. You would have to spend more time studying the field or linking up with a mentor. Giving up might not be an option for me, since many people are profiting from trading.

I suggest you reduce the amount you are trading with to reduce losses during the learning process.  You might also think of taking a break to enable you to pay your debt.

[batang_bitcoin]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

Pay the debt first before thinking of strategy of how to recover from that $30k loss. Once you're done paying your loan off, then you're good to think of strategies on how to recover them. But one lesson you've got here is that no matter how long you've been in the market, you will always have that potential chance of losing. And it's a gamble when you don't know what you're doing as you trade, even you do so much chart analysis but if you're doing it wrongly, you're gambling your money or if you do futures too. Since you have mentioned freelancing, maybe go back to it and just save the money or buy bitcoin and grow that.

[ndutndut]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

Five years isn't a short time. Over such a long period, you should be able to mitigate losses by continuously learning from experience. Certainly you've learned a lot in trading over the past five years. So when you continue to experience losses, you should reflect and evaluate all your trades to see what went wrong. Because if you constantly think about chasing losses, you're making mistakes without realizing it, which can lead to such significant losses.

Trading certainly has its advantages and disadvantages, but if you have the wrong mindset from the start, no matter how many years you've been trading, you'll continue to lose. So it's best to correct your mindset first before considering how to recover the losses you've experienced over the past five years. And remember in trading there's no time limit for continuous learning every trade is a learning experience.

[Cyber_warrior]

I am trading crypto from past 5 years

When I was doing my Bachelors Degree I started trading and whatever I earn from freelancing I used to put in binance and do future trading.

Now after 5 years my total loss is 30k USDT

I am earning hardly 500 USDT per month from my job and recently got married

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

 :)Is it all gamble or I consider it as fee of learning in this field

Should I continue to trade or leave this field

For you to learn how to trade for 5 years, and you don’t still have the proper knowledge which you are suppose to have, then I feel you are not just serious to learn, because I don’t think trading is so difficult that will take so much time before you will be able to learn about it.

You have lost so much because of the future trading which you involved yourself in, because the risk in future trading is so high, so you can just stop future trading and focus on spot, the risk in spot trading is just low and it’s better. Also if you are trading, then it’s better you focus on bitcoin, and avoid all this shit coins.

I don’t know how you going to recover your loss, because if you are trading just because you want to recover your loss, you might end up losing more money at the end, so take your time to understand things and start afresh.

[Distinctin]

5 years is already long enough. If you have been losing all throughout your trading journey, believe me you will lose more if you continue trading in the next 5-10 years. My advice is, please put an end to it. There's still a lot of earning opportunities outside trading so you don't have to stick with trading and suffer consistent losses. However, if you really want to work on it and give yourself a chance, go on. But you can't guarantee that you'll stop losing while you're in the process of learning more. Losses are part in trading, unfortunately you experience bigger losses than wins.

[Kelvinid]

I can sense you know already the answer to your question. Trade if you think you still have chances to be in profits if you continue to process your learning in trading, stop when you finally admit you had enough.

However in my personal assessment, 5 years is not a joke. You could have made significant profits than hodling alone rather than risking your funds into trading. But the end decision is still yours to make, but know that a good trader will never be losing the whole time when he's trading, losses are there but are only limited.

[Joy- maker]

Although am not a trader, am only accumulating Bitcoin to hold for long term,  but With the little knowledge I have about trading, if someone have been trading for five years and still can't get it right in trading, then the best to do is to stop trading entirely, and look for something else to do, or you can as well start accumulating Bitcoin consistently With your leftover money using the DCA strategy, after you most have settled your basic needs for the week or for the month until you accumulate a good amount of Bitcoin, and then hold for long term, instead of just wasting your time, your resources, and energy trading in the crypto space without making profits, but Losts all the time, because it is already obvious that trading is not your thing.

[Vaculin]

It's good to trade if you are able to manage the risk and have reliable knowledge and strategies that will help you profit in the market. But talking about 5 years of losing, that's a lot mate. Maybe you're just into the wrong path and is leveraging, so expect that you'll be more prone to losses then. But if you stick to spot trading, making gains can be easier.  Just trade the proper way, without breaking the rules and resort into overtrading. Trading can only be profitable if you are doing it the right way, even with those basic knowledge you have. But in the long run if this idea isn't still working, just leave trading for good. You're probably not meant to be a successful trader.

[Mpamaegbu]

The problem with this type of account is that you don't know for sure if they're just trolling with cock and bull stories or they're genuine. OP registered this account on November 7th and posted same day then disappeared till date without recourse to this thread. Anyway, I will drop my two cents in case they're genuine and indeed need help.

Let me know how to recover loss bcz now I also have a loan of 3k USDT on me.

I sincerely hope you didn't take out that loan simply to trade? If you did, then you took a wrong step for someone who was single and earning $500 monthly. You should've been able to raise capital for your trading from your monthly earning and restrained yourself from going overboard.

:)Is it all gamble or I consider it as fee of learning in this field

At this point, that should be considered more of gambling than trading. It has surpassed a learning fee. By the way, why go to Futures when you haven't fully grasped the rudiments of trading? Futures is high risk. You should've stuck to Spot trading.

Should I continue to trade or leave this field

No, don't quit; except you don't want to ever win. Winners don't quit. Go back and acquire trading skills. To get your hands on it fully, limit yourself to Spot trading to build confidence with your trading strategy. Grow from there before stepping into Futures.

[Alphakilo]

I can sense you know already the answer to your question. Trade if you think you still have chances to be in profits if you continue to process your learning in trading, stop when you finally admit you had enough.

However in my personal assessment, 5 years is not a joke. You could have made significant profits than hodling alone rather than risking your funds into trading. But the end decision is still yours to make, but know that a good trader will never be losing the whole time when he's trading, losses are there but are only limited.

It is not just about trading continuously with the hope to be lucky most of the times from familiarity, but it is more about strategy and risk management control as powerful tools to use.
Am sure spot trading might even be a favorite strategy if you delve into it instead of using leverage all the time.
Also, a good knowledge of how to diversify your fund in form of accumulated profit over this time would have been very helpful so as not to make you lose so much more than you could ever afford to lose.

[freedomgo]

I would be straight to the point, leave trading because that won't work for you, not now, not the next days, months or years. Because if you really have the potentials of a good trader, you could have made impressive profits within that 5 long years, but what you did is the opposite. So I don't have to sugarcoat your feelings, but leave trading now or else, you will blame yourself why it took so long for you to realize that trading is not your talent. You know the right thing to do but what you want is some validations from us.

[boyptc]

The problem with this type of account is that you don't know for sure if they're just trolling with cock and bull stories or they're genuine. OP registered this account on November 7th and posted same day then disappeared till date without recourse to this thread. Anyway, I will drop my two cents in case they're genuine and indeed need help.

I agree, this is like a throwaway account.

And if he's going to come back after posting then that's good but if not, he's going to just let all the discussion go without even replying a single thing here.

Although his situation isn't new and many have been trading for so long and are in losses too. One thing about that is to accept you're not a good trader, quit trading and be an investor, it's simple as that isn't it?

[bangjoe]

5 years is too long for you to learn, if until today your trading is still a lot of losses rather than profits, for the amount of loss in the learning cost is uncertain depending on how the use of your trading costs, if you think it is worth it as a learning cost, I think you have a problem with your common sense to learn, the amount of $30k is too much for you.

And don't think about recovering your trading losses because that will only make yourself suffer more, because until day ii you can't have a profitable trading strategy for 5 years of your learning, you have to accept that maybe you don't have talent in this industry.

Or there is a wrong way of learning in your trading.

Losing money for five years straight without seeing any real improvement is definitely a sign that something is off either in the learning approach or in the mindset if someone keeps repeating the same mistakes for that long it’s no longer just bad luck it’s poor strategy and refusal to adapt thirty thousand dollars is an enormous amount to lose just for learning and it shows that emotions probably played a big role along the way.

At some point you have to pause and evaluate whether trading is really for you because not everyone is built for it some people have better results investing passively or building other sources of income instead of chasing charts and signals if the goal becomes recovering losses rather than learning the right process that’s when most traders dig an even deeper hole. There’s no shame in accepting that maybe trading isn’t your strong suit but if you still want to continue then something has to change study risk management properly learn position sizing control emotions and switch to demo trading until you can consistently make profits before risking more real money five years of pain should teach that the market doesn’t reward stubbornness it rewards discipline patience and self awareness.

Yes at that point it's like we are seriously questioning his personality, what is it about him that can be so wasteful in his study time, if we talk about money, any amount is subjective, but time, 5 years, is crazy.
I don't know what books he read, who are his teachers or references he studied the trade, or he doesn't have any of that, just an amateur who doesn't have a clear source of knowledge in his journey.

I think for him not to trade futures or even spot, and it's better to just invest, accumulating bitcoin by doing the DCA strategy is the safest and most profitable, just calculate if he is 5 years means he started from 2020, and this year touches the last year, and imagine the journey of bitcoin 1 cycle, bitcoin under $20k, if he makes purchases gradually every week or month, his ROI can be more than 200% of the average value of his purchases.