I have a question for experienced traders who have quit trading and started to engage in long-term investing or plan to do so
What motivated you to do it?
Deciding to quit trading after being involved for a very long time can be a very serious decision to take, and a decision that definitely will not be taken from a position of excitement. The majority of traders who decide to quit trading are those who have suffered severe losses or a series of consecutive losses and have found no way to make progress in trading. If someone is profiting from trading, the only other reason that person may stop trading may be health-related challenges.
When someone gets to that position of depression from losses or health risks, nobody will advise you; you will advise yourself.
Truth be told, money is nothing when your health is already at risk of losing, so as much as you want to trade for bigger and sustainable profits, your body and health might become a big barrier so you end up quitting trading for good, to stay relaxed from all stress and pressures that trading is capable to bring.
This could be a very heavy decision, but if I were in that situation, health is wealth so it will always be my topmost priority. After all, bitcoin long term investing will still make you profitable in the long run, add to that that it’s less risky and less stressful compared to trading.