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.
If you are in the crypto space during the 2020 general collapse of the stock exchanges and cryptocurrency markets, you will see that a lot of prominent traders made a loss of their 5-10 years portfolio but some of them were smart, didn't sold but due to the corona spread and fear among people, some of them sold, I know about a YouTube that is smart and has been in this game of trading all his life but loss everything in a day, tragic loss in trading can happen to anyone.
The quiting part now depend on what really happen. If you are trader and what I just narrated above happened to you, why do you need to quit when all your life has been trading and nothing else. Taking some break wouldn't be bad but quiting is means you are a loser and you don't really rate your trading experience else I don't think there is a need to quit your source of income no matter the losses you encounter in the same businesses you have made more than your losses.
There would really be those smarkt and those who had had sold their portfolio on that time are really that having that huge regret on which we know that when it comes to market recovery then it could really inevitably happen because we cant really be just having a market that would really be dumping forever.Whereas, time will come that there would really be such recovery and to those who had sustained and to those who had
panic sell then for sure they are really that regretting into the decisions that they had made out into those years but well we do know that shit decisions happen and its not over as long this market is up and running
then there's so much opportunity that you could really be able to deal with and with those past bad experiences will really be that a lesson learn for you.
It is really just that there are individuals who cant really be that able to make themselves that learn despite of those past events that they had been able to experience.
You would be needing to be versatile and you would really be needing to make out adjustments.