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Quote from: el kaka22 on June 19, 2024, 05:25:02 PM

It is not end of the world ,that is the thing that we need to keep in mind, as long as we keep that in mind, we should be fine. I get that we are not going to end up with anything that crazy, we should probably see this as normal and not really anything bad.

Losing money happens all the time, and if we keep losing money then we are going to be fine as well. The thing is that, people are reacting as if everything is ending and the world is about to end. That is not the case, if you have your life ahead of you and some years to keep working, you can always recover from absolutely anything. Plus, even if you can't the road to try to make it better is the life you live, that is fine and we just consider that as our life I suppose, still better than the alternative.

True. Trading is not something that will guarantee consistency in profits, but definitely it has its own inevitable losses as well, even if you are a legend in trading. I supposed one already knows about this prior to trading, otherwise he will definitely find it difficult to accept those losses he encounter while trading.

This only proves that if you are in the state of losing, quitting is never the option but a motivation to improve more your trading abilities and skills. No one gets shortcuts to successful trading, one should always know how to win those small battles of losing first so he will be more ready to face the big challenges in trading.

I truly hope that after very large losses, that person who will never quit trading will find some success and actually break-even then make more and profit. Because if he/she doesn't, and he/she has used all of his/her savings, then continues to lose more with his/her monthly salary, there should be an intervention, no? Gambling Addiction may be mistaken for "Motivation" in some situations.

Success isnt a guaranteed thing and this is why it would really be that recommended that you should be considering that you would be somewhat realistic if ever thing doesnt come on your way. There's no guarantee of success but doesnt mean that you wouldnt really be finding up ways or would really be doing hard work just because you've been that you arent that making those profitable trades. For those who do quit up easily
then it would be that not a good thing because we do know that learnings come from those mistakes and it would be a normal thing that you would really be needing to apply those learnings that you have gained into those loses back in the past and would really be that making much more better approach into the next trades that you would be making.

The only time that you would really be needing to consider on quitting or stopping is on the moment that you've been trading up for so long but you didnt see any progress into your trades
on which simply means that you arent that doing something good and it would really be just that better that you should quit or look for another career or thing that
to get involved with.

But people should always discern from themselves what's "motivation" and what's addiction. If a person who has been "day-trading" for five years, and still continues to lose his/her monthly salary to the market, then is that truly motivation or an addiction towards gambling his/her salary/savings in crypto? I believe that a normal person would have a point of acceptance that he/she can't trade and would stop such behavior.

5 years would really be just that too long before you would really be that deciding to quit or change career because we do know that on the moment that you do find out that you aren't that profitable no matter what you do then it would be impossible that you won't really be thinking about quitting but somehow each person does have their own threshold when it comes to risks taking or simply the tolerance.

It's not about his/her threshold or tolerance in losing money, it's about whether or not he/she has self-awareness in what's actually happening to him/her. Five years and still losing money? There's something wrong with that person. But if he/she is treating trading as a sort of casino and loses small amount of money that he/she could afford, then that's probably OK.

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If you do found yourself not already that effective anymore in terms of trading, then why you would really be that making yourself forcing about such manner or condition? There are really indeed things in life that no matter how hard we do try but still ending up on having that negative results on which we know that it could really happen to anyone,therefore then it won't really be that a not bad idea for you to quit or change career.

If anyone has found themselves in a negative situation from trading, simply denominate your capital in Bitcoin and HODL. You'll outperform many, probably most, people in the forum.