Topic: What is the most significant trading sacrifice you believe you have made? - page 2. (Read 627 times)

the most significant sacrifice i have made in trading is using REAL funds to trade (practice) without proper risk management, or will i say no mentor to guide me on anything, its my 6 years now on this forum and the trading aspect and along the line have learnt alot. so in essence of what am saying learning things on your own without a guardian (mentor) and with your real capital is the hardest sacrifice and you will end up blowing the account. but trust me it has help me a long way because i pick out all those mistakes have been making in the past to make it right or probably trade the right way.

I don’t think sacrifices are important for you to become a successful trader. Why not take those risks and sacrifices when you can do trading at a less risk. By acquiring a lot of knowledge and skills in trading, and giving yourself a lot of time to explore and experience trading, that way you are honing yourself to be a successful trader. No need to sacrifice like taking a loan or leaving your job, because surely it will never give you advantages in the end.

Some of the sacrifices that I have made in my trading journey especially at the starting leveling were the parties I missed and all that boring stuff that doesn't really put you forward in life at all. It took a good 4-6 months before they stopped asking me to hang out and party.  They may not sound like sacrifices to others but they are to me. Because I want to be a successful trader, I don't get a weekend off right now and I've come to terms with that and that's okay. I am grateful but I know that I still have a lot of work to do I still have a lot of self-development work to do and I still have a lot of growth on the charts to do and that's something that I am completely okay with.

Honestly I also wasted alot of times reading articles on candlestick patterns and watching videos on the same subject matter related to trading which had deprived me from my leasure time, because I knew that becoming a very successful trader has it own price which includes prolonged time in analysing charts, that is the more time in studying charting patterns because it makes me a better trader and gained more experience as atrader and moreso trading a live account with small funds to test my trading strategies which often get liquidated is another sacrifice in my bid to becoming a profitable trader.

Well, I didn't spend single money into trading beside of the internet bill and time, also the device I bought if you count it as well. Since most of the trading funds came from free stuff at earlier days and I have to actually manage it so it's not going to be wasted, then it's for sure takes time and brain power to do it. With time I could probably learn another thing for another job beside of checking what to trade, same goes for your brain, if you're overworking then the chance of you falling sick is really high. Your physical and mentality is really important and could affect your trading significantly.

It is still an important sacrifice, how many times we have read about new traders which want to earn a fortune without making any effort to deserve those profits? This is so common that I have no idea how many times we have seen this on the forum.

However you actually took the time to learn, not many people do this as they know it is hard and as such they avoid it as much as possible, but what they do not seem to understand is that as hard as it may be to study the markets, the path they have taken is many times harder.

sacrificed capital and knowing that trading isn't as easy as it might seems, I guess after sacrificing so much time and capital, i finally understand the reason majority are moving over
from having trading career to investment ones for reasons and it's also valid reasons, that is, because trading takes so much time and also is relatively exhausting.
even though there are tools for automating all the chores, it's still regardless is a mentally exhausting things, because you'd always be in constant alert that the market might have movement that you didn't expect.
honestly, after knowing that the toll of building trading career just isn't worth it, switching to just investing have been massive, getting the same amounts of profit while quite literally just doing nothing but just finding good entry.

It might inappropriate on making it just like gambling but i do really have that kind of mindset and impression that on the time that i would be making up some trading then it would really be just that right that i should really make use of the amount on which i could really afford to lose on which i do make out some trades basing up with that kind of principle but of course im not really taking it as a gamble and still get serious on the time that i do make out trades. I dont really make myself in a hurry on placing up orders whether it would be a buy or sell.In speaking about sacrifices then im not really that a fan on taking such step specially if it does really give out that kind of possible negative effect later on if things turns out to be mess. I do always love on playing on the safer side of things which it might not really be that wise most of the time because there are really things which you would be needing to get out on your comfort zone before you could be able to make more income sources which it would really vary on how you do deal up with things along the way.

I believe that the only sacrifice I made for trading was the sleepless nights I spent attempting to figure out certain methods and understand at least the fundamentals. It requires effort and in-depth comprehension because at first, it was rather complicated. I spent almost every night watching video tutorials and reading helpful resources to gain more knowledge that I already missed doing some of my important tasks. However, it helped me a lot since I was able to apply everything wisely. It was a long process of learning and I still need to learn a lot until now so I still sacrifice my time learning and studying. We really need to spend time if we need to fully understand how trading really works. It also needs focus and eagerness to explore more strategies since some analysis are quite hard to understand at first.

Trading was not my main job and I only get to trade if there are extra money left in my salary so I think I never got the chance to make some sacrifices when trading. Taking a loan or selling some property are too much, probably because I was not really confident yet with my trading strategies that I still fear to trade an amount that I  will surely regret once it’s considered loss. And for me it’s quite a good thing since I never have to take some risks that would put me into a miserable life.

I often encounter things like this by influencers/mentors, they show the expertise of analysis and great victory on their profile to attract others to follow their mindset that getting money is easy by trading on the market. Then he sells classes to be a special means of delivering tips and tricks for how to trade correctly and get a profit, so that people who are obsessed by making money in the stock market or crypto must pay the class to find trade education or mentoring.

But I don't do that or buy an education class and or rent a mentor, I prefer the self -taught and only sacrificing time, money, energy and thoughts to learn how the market operates and find opportunities to get ROI according to the target.

The biggest sacrifice for me to trade is, time and money, to get to this point now.

My greatest sacrifice that I have made to be good at trading was and is the time I gave to it. I have given a lot of my time and invested a lot of money into this trading thing, and during the learning stages I had to go through losses as well. I have made many trades in the past which were totally useless, and I had to face huge losses because of those trades. But, I haven't stopped trading because of those losses and continued my journey of trading by devoting my time in learning of technical indicators and charts.

I won't claim that I'm a successful trader, but I have learned a lot of things about trading during past 8-10 years that I have invested into trading. I started crypto trading in 2016's last quarter and before that I used to trade forex, and options. I must say that shifting to crypto-trading was one of the best decisions of my life because this market has helped me a lot in learning new concepts of trading. I have given big chunk of my time to learn the volatility of the market at first and later I have learnt that news can impact the market so much that it could either move it downward or take it upward within a short amount of time.

Finally, I was lucky enough that I gave my time to trading because it is still helping me a lot in life and it will surely help me even more in future. I haven't bought any paid courses or paid a mentor to teach me trading, but instead I gave my own time to it and learnt everything about it from internet. I have used various sources to learn about trading and technical indicators that are used in trading. I have modified parameters of the technical indicators over time to make them workable for my trading strategies. I have made many successful trades during the journey, but I have faced some losses as well during the journey. However, the losses were less as compared to the profits, and I have recovered most of the losses that I have made during the initial days of learning trading.

What you exactly mean by gave up? You give it to someone else? But that was still a kind move. Maybe those people you give your money to were badly needing it. Those people must be thankful for you and they might pray that more blessings will come to you. Don't totally feel bad about yourself because I know you are not alone with that problem.

It's just normal for a young person to care less about their future but all that matters to them is to enjoy their current life which was great because once we move in the adult stage, we are now going to be filled with obligations. Did you know that some adults are regretting because they became too serious in life when they are still young?

Luckily for me too I never trade with borrowed money but only from my hard-earned funds. Although I was not good enough when I started trading, but since I know trading can be more susceptible to losses especially for beginners so I only trade a small amount that I can manage to lose. From there, I trade more consistently until I started making good profits and decide to increase my trading size for bigger income too. I don’t have much sacrifices to tell, just some losses that are only within my means.

Becoming a successful trader often requires making sacrifices and taking risks. Each individual's journey is unique, and the sacrifices they make can vary. Whether it's giving up certain comforts, investing money for mentorship, or making financial adjustments, these sacrifices can pay off if they align with the trader's goals and lead to improved skills and profitability. It's important to weigh the potential benefits against the risks and ensure that the sacrifices are well-calculated and aligned with your personal circumstances and aspirations.

Trading is not just all about taking all those online courses or watching those videos,  there are more sacrifices to be made to become successful, so these course is just to pre-imform you what you are gonna face during the process of trading, which after theose trainings you need put the knowledge into practice which is heading into trading by starting with Demo first and later move into trading live account and develop a good strategy after you must have practiced enough, Not only that there are rules in trading which you must follow and cannot be neglected if you want to succeed in the trading world,  which are; you must manage risk, emotions , use of proper lot size and leverages and lastly avoid being greedy.

don't regret it you can start from the beginning in crypto currency there is no word to be late,
especially now investing in crypto currency has become very popular since mass adoption occurred,
don't miss the opportunity to trade in crypto currency mate, you can buy it because when this price is very cheap.

I agree with this based on decisions I took in my teens, gave up plenty of money handed to me on a silver platter just because my needs were met through my parents, I somehow refused to look further than that. It was sheer naivety, and I regret not looking for my financial future.

For years now I haven't been full time trading, because my profits where below what I would make in my full time job. It wasn't financial viable to stop working and only focus on trading, in my case it made more sense to keep working and do trading on the side, so that it gives a nice second income of top of my salary. Back in university I tried to do full time trading with some friends and we had to adjust our lifestyle to make it work. First of all we moved into an really old apartment outside of the city, which was the cheapest place we could find to live in. Sharing an apartment among the three of us that was in a terrible condition, saved us a lot of money. The problem was that we had to commute almost 1 hour every day to class and couldn't stay out so late as the trains weren't running all night. The next sacrifice we did was to only eat at the university or at home. We tried to save as much money as possible, by not going out for drinks at night and only by eating the cheapest possible food. It paid off that we managed to save a few thousand Euros over the year, which we used as our starting capital. 

I have never made any significant sacrifice for trading instead I have sacrificed my trading for something else. I just see trading as a side hustle even when others are making massive wealth from it. I only trade for upkeep funds I haven't seen it as a business yet maybe that is why I am yet to make mile stole sacrifices..

But sincerely trading is capital intensive because the better the trading capital the higher the ROI and also the higher the chance of losing everything if not careful. The safest is devoting time to grow a small account into something tangible which will require so much patience and dedication.