Re: Please Give up! If you notice trading is not for you.
Totally agree.
I’m a trader myself and do have some knowledge on technical analysis but until now I still find hard to become successful on crypto trading specifically futures trading. It’s very hard to incorporate those wild price swing on my position without hitting my stop loss.
I settle now on spot trading only while I’m doing fine and avoid those high volatility tokens.
For me, the term "successful" is a vague term because we can have different definition on it. As for me though, being a successful trader means continuously making profits through trading - something that I haven't achieved despite trading for years already. I’m a trader myself and do have some knowledge on technical analysis but until now I still find hard to become successful on crypto trading specifically futures trading. It’s very hard to incorporate those wild price swing on my position without hitting my stop loss.
I settle now on spot trading only while I’m doing fine and avoid those high volatility tokens.
Some might think that it's that easy to trade. Just click a few buttons and then "BANG!!!" profit, but that's not the reality of trading at all, and it's harder than what many think it is. Like you, I want to settle into spot trading as well, but I'm think "If I will focus more on it, how can I make money if the market goes into the bear market season", so the best thing that I did was trading on futures still, but now with lower leverages unlike before.
As for the OP, the question is "When will a trader know that trading isn't for them?".