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.
Trading in general whether crypto trading or forex trading has not been that easy for anyone. And for those that are successful in them can really tell more the stories, the big losses, the disappointment and discouragements they’ve had to endure to get this far. Just one big loss should not make you as a profitable trader lose interest in trading. If you’re that successful trader, you can earn back more than what you’ve lost in few trades. Trading is not easy and for you to have spent your time, effort and money into them, you should just have believe that there’s light at the end of the tunnel and you’ll definitely get there one day and when you do, you’ll be compensated for all of your losses. By then, anything about money management, perseverance and would have been mastered by you and that’s a huge step towards been a profitable trader.