Some traders would say "I have been trading for 4 years and more"

[Dr.Bitcoin_Strange]

In some previous threads, good questions have been raised such as "why are people still trading when they are not making money? " Then some members here would say, "quite trading if you are not profitable"
It has always been a thought I kept in my heard for some time now but I chose to create this thread after I came across videos by soms.self acclaimed successful and profitable traders who would say "they have been trading for more than 4 years and that they finally became successful after 2-3 years of failing and bursting of account."

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

[Wiwo]

Timing in trading success is something that is controversial because by just spending years trading doesn't automatically make a trader successful or profiting consistently.

Someone may spend 3 year trading and still keep blowing up their accounts, while another person's can spend just 1 year and master their decipline, strategy and patient which are the tools to make you a profitable trader.

[Faisal2202]

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

I think they are not completely wrong, because if they are really making money their lifestyle must be changing because money is meant to change that. Now many self claimed successful traders also make money by advertising for these firms where they trade or from those broker exchanges, because they get bonuses but they also get bonuses on the trades they make on them, which profits them and their own commission from the profit plus the bonus for these traders can make them real money in a short period but all this cannot be for everyone.

Because doctoring and engineering are not for everyone, trading is not for everyone either. If someone is making money and showing it to the world, we should believe them but these days anything can be faked so confirm a little before trusting anyone blindly, but instead of doubting everyone, even the real ones, we won't be able to find knowledge and mentorship then. The reason we lose is because we need education but that alone is never enough IMO.

I am not successful but I think I have been trading for at least 3 to 4 years, not consistently but learning and improving. I think trading is not for me, I prefer holding, but that does not mean I don't trade and I don't mean to become one.

[ColdLava40]

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

Everyone has different time to their break through. In trading, it's a journey of never ending lessons.

You might not spend up to the same time your mentor has spent before mastering the market and you would even be better than him. in my opinion it would depend on the level of your mindset, psychology and speed of learning.

Some people are slow learners, some people handles risk like they have lived a thousand life. When you develop your trading skill with a few experience you gave in real life, you might just be lucky to meet certain levels in a short time.

[Potato Chips]

Honestly, I take those claims with a pile of salt.

There are soooo many larpers on the internet. They all like to claim big because it tend to get them the views and clicks. More often than not, they're selling something as well like a book or a subscription for instance. There are those scammers who slide in your PMs as well.

Sadly, being in the trading game for a long time does not guarantee success either. There is no time metric for success. The most common reasons I've seen why people quit are because of a big loss in money and/or they just couldn't take the toll on their mental health.

[Findingnemo]

I am not a successful trader. I made some money and it is more than my average salary, that is for sure but on the long term the profits I made is on par with the returns of simply holding bitcoin, which means all the efforts I put in my trading is just a waste of time.

Some people have made real money from trading but it is not like they managed to convert their $100 into million dollar, it is always from the other channels like selling trading course, social media ad campaigns, and other earning that they got through from trading but not really from trading.

[Maslate]

Success in trading does not have a time frame that after 2-3 years of losing, eventually success will follow. Some traders can do it even just after 6 months or a year in trading, I guess its just a matter of acquiring early your knowledge, skills and strategies, and of course patience and discipline in trading as there won't be no successful trader without practicing patience and discipline all throughout his trading journey.

[Russlenat]

There are no time limits with trading. Some may have been trading for even half a decade and until now they have not made a remarkable income from trading, which leads me to a conclusion that there are really people who want to stay trading but they are not meant to be profitable traders, that's why trading is really not for everyone.

While there are also traders who seem not serious at first because they have no plans to stay longer in trading but when opportunities knock on their door and made them profitable, that's where transformation happens. Now they are making trading as a reliable source of income.

[EL MOHA]

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

Easily some of them are saying this to actually make those newbies not to give up or for some so that they don’t actually get them register for their classes,

Yes trading definitely doesn’t have that time frame in my opinion.  You can he trading for that long before you become fully successful trader, when we talk of this we usually refer to as what happens within that period you said you’re actually going to be successful I think in between that you will be experiencing growth of been profitable and most especially it will be your emotions that will be actually affecting your profitability and this will take you longer time before you get it right.

 But in the place where it I said that after two years if you’re not profitable you should quit is the period where in this time you actually do not even have a strategy of your own and not clear analysis part then it’s best you quit

[Hamza2424]

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

Losing for 2 to 3 years straight and then becoming profitable is a real narrative bro, but social media creates a massive survivorship bias problem around it. For every trader who went through 3 years of losses must have developed some edge and become consistently profitable.

There are literally thousands who also did the 3 years but they never became profitable and quietly disappeared from the internet, you must have seen them too.

You only hear from the ones who made it because the ones who did not are not making YT videos about their failure.

Although spending 3 to 5 years learning trading feels like a lot of time and in reality it also feels like a lie, it is not. Trading could actually need consistency and you need an appetite for facing huge losses too.

[rat03gopoh]

Professional age isn't that important to me, but they share tips without lying to themselves.

They can share trading techniques that might actually work for others, but they might not necessarily work for themselves, even after years of practice. Conversely, many professional traders share tips without hiding anything in their live trading, but they don't actually work for others. I believe that every trader should succeed in their own way.

[Finestream]

There is no certain law in trading that says that after experiencing consistent losses, rest assured trading profits will take place. If only there is any, I'm sure a lot of traders would not mind losing a huge amount because they all know everything will paid off in the long run.

But that's not how trading works. Profitability does not rely on luck or chances, or because you're due to profit. It only happens if you exercise proper risk management, mathematical edge, and discipline and emotional control. If you fail on these aspects, never assume that you'll still be profitable the next time you trade, no matter how long you have been trading.

[jossiel]

What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

It's very easy to lie in the social media. Them saying their tenure or years they've been trading could be real or a lie.

Just don't believe them all at once instantly.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

I am not.

But if I am a successful trader, no one is going to know that. I'll live a quiet life without anyone knowing that I am one of the successful traders.

[Vaculin]

Most of these self-acclaimed successful traders are not actually genuine on their words. Of course, they have to hide their current trading status and claim that they are now making profits because this is the only way that they can attract new followers and subscribers and make profitable income from their social media page.

But in reality, there are no guaranteed in trading. You can also all your hard-earned money while trading in your entire life, but you can also be profitable and create a reliable source of income from it if you are really destined to be a profitable trader. But on my personal view, if you don't profit within 1 year from trading, better leave and quit. You can focus on purely investing, and hold your bitcoin for long term for your future retirement.

[freedomgo]

No one can tell how long a trader should face losses first before he will achieve success and become profitable in trading. This is one of the challenges in trading that has no certain answer until now, but if you are in proper mindset and thinking, you won't rely to other people's words and fake promises because you are losing your own hard-earned money so its your own decision when to quit or still continue trading.

But one thing that is certain, you can't keep trading if you can no longer handle your losses. Be wise and practical, trading is never meant to act as a main job or reliable source of income, only trade as your side hustle. Leave trading if it does not meet your expectations, as easy as that.

[fuguebtc]

In my experience, the traders who make money are those who open signal group and charge fees, and those who claim to be successful traders to sell courses. Except for professional trading firms and investment fund, I rarely see individual trader actually making consistent profits in this market

Before entering the crypto market, I knew many forex trader with 5 to 10 year of experience. But in reality, making profit was still very challenging for them, and none of them considered themselves truly successful trader. Therefore, I do not believe in the success stories of traders on social media.


OP, if you are a trader who makes a lot of money, would you brag about it and put yourself at risk?

[Bobrox]

Timing success in trading actually depend the correct moment you start investing and how your decision did keep accumulate investing much or selling when price raise up, I know many people have much experienced in trading but still haven't good financial condition because most of them too loyal holding bitcoin or altcoin assets investment after breaking out to higher price. If you entry at right time and bitcoin or altcoin dip really at lower price its not take longer time to be success but you don't have to hold for long term and don't be greedy with your investment assets.

Firstly become success in trading not only about timing but also your capital support in trading, if you have less capital indeed several years later looks difficult to be success but bring much capital and entry at dip price you take few months or years only reach good financial condition to earn much profit in cryptocurrency investment.

[JeffBrad12]

It is entirely possible that you might succeed after 3 years of trying but honestly, I won't buy what people said on social media. Most of them are LARP and the reason they become profitable after 3 years maybe because they shifted from real genuine trading to selling courses, like most LARP traders are doing. Honestly if it took that long to be profitable, regardless of how much money they've burned, is it even worth the effort? at that point I will ditch trading and find another job.

[@nn@_pen9]

In some previous threads, good questions have been raised such as "why are people still trading when they are not making money? " Then some members here would say, "quite trading if you are not profitable"
It has always been a thought I kept in my heard for some time now but I chose to create this thread after I came across videos by soms.self acclaimed successful and profitable traders who would say "they have been trading for more than 4 years and that they finally became successful after 2-3 years of failing and bursting of account."

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

It could be that the trader is lying or it could be that he isn't. Are they transparent about what they trade? Only if there is concrete evidence can we truly believe they have succeeded in the trading world if they cannot prove this, they might well be lying.

I think it is highly likely that there are people who succeed in the trading world; in this context, trading does not necessarily mean you always have to use leverage. However, achieving that success is not easy it requires significant sacrifices both financial and in terms of time. And we must remember that the sacrifices we make in this case, the hard work put into trading
And the results will never disappoint us. Let me take successful trader Takashi Kotegawa as an example you can learn a great deal from him.

[Nahl]

The process how to became an profitable trader for some people is very different but indeed generally, the traders have through an at least 2 years experience or more before they can achieve what they want. And i think this can being an the motivation to other people who still struggle for their trading result.

Besides that this also proven that not everyone can became an good trader because it took a lot of dedication, patience and steps which makes these process not easy even, some traders have been give up and quit from crypto world because in their journey trading is not profitable activities for them.

For me personally, although i have been into crypto world for years, i have been say it many times that i am not a good trader even my profit is still minus which make me feel almost give up because when have experience to loss basically we weren't only lost money because it will influence to our mentality which for long term effect we will feel fatigue from the mentality and eventually give up.