Persevering Through Crypto Trading Losses
Persevering Through Crypto Trading Losses
Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.
Hey boss bro, if you don’t quit at life because of a few shady characters, you don’t quit at anything because of shady characters.
I would, though, if I’m trading, ask myself if I had to share the blame and not just blame it all on shady characters.
Also, I would say that you should have a target or some kinda milestone for quitting. And you should quit when that target is reached. If I kept losing and losing no matter how much I strategize or keep discipline, I think I have to stop at some point, right?
BTW I quit trading a few years ago after >10 years doing forex, stocks, then crypto. I made some, lost some, overall probably a bit in profit, but I felt I was losing too much time for very little gain and nosleep nights sometimes lol. Crypto trading actually gave me the biggest push to stop, also because it had the shadiest characters in a way