Topic: What is the most significant trading sacrifice you believe you have made? (Read 624 times)

I haven't been in full-time trading for years, I only tried to be into it for some months, up to a year and I want to say that this is very stressful, full-time trading is so stressful that sometimes I had to be awake during the night to monitor the price and avoid financial lose and gain profit. I had a moment when I was doing futures trading for 2 days in a row and I had to be awake for one night because I had a good moment and wanted to gain as much as possible. Then, I opened a long position on different crypto/usdt pair and price started falling, I was checking it all the time and was thinking about whether to close the position or wait. Sadly, while I was thinking this, I fell asleep and some of my money got liquidated. I learned from that mistake that full-time trading is very stressful and isn't worth the possible positive outcome.

I think taking my rent money to trade was the biggest sacrifice Ive ever made

I am not a trader yet but I have been around traders and I know some of the things they did just to raise money for trading. I was working for my friend that owns a construction company. Somebody came and introduced trading to him and he began to learn trading skills. After few days he ordered my to sell off some of the construction materials we bought lower than the cost price. I was surprise so I asked him why he was doing this and he told me that he will make more money from trading. The worst part of it was that he was too desperate to make money from trading that he became impatient to learn. His trading teachers tried to explain the risks associated with trading but he failed to listen and learn. He bought a new laptop and began to place trades. In few weeks he was already in debt because of the loses he incurred. He abandoned trading and focused on his construction business. I know that I cannot sacrifice accommodation, clothing, food health and education because they are basic needs. I can sacrifice anything I can do without to save for the trading business.       

I have sacrificed sleep. My daily routine is Fu**ed up. I don't know if this counts as sacrifices, but I think this is the most valuable thing that I have sacrificed for trading. On average, you need 6–7 hours of sleep. But I only sleep for 3/4 hours. Did it pay off? Still unclear on how should I answer that. I am still learning and trying to do my best. As they say, "there's no time or age to learn, as long as you are alive, you learn new things every day".
So still doing the hard work in hopes that one day it will pay off for sure.
Taking risks is a bold thing to do in life in order to achieve success. But it is not for everyone. At first, I thought it was never meant for me. But now, as I am learning and building up my skill sets, I am getting confident that I can also do it someday. I have tried trading with small amounts and made loss and profits. And I also know that it is going to happen no matter what. Even the professionals make mistakes. They make profits and losses too.
So hopefully this sacrifice will pay off someday.

Going into such extent is really that using up the money which is  really that intended for important use shouldnt really be using it on trading because if you dont have other sources then you would really be finding
yourself on great trouble if you are really that not mindful when it comes to spending it. Trading doesnt really assure that you could really make money or income with it specially you are dealing on a market which is really that volatile on which it would really be just that normal that risks is high.Unless if you have some back up plans on replenishing out those money had been used then its just fine.
Sacrifices could really happen because not all the times we do have funds on which we would really be doing some sort of things just for the sake of such situation on which you would really be
liking to trade up.

That was a very risky move using your house rent as capital for trading, you're lucky you made a big profit because many people have lost their house rent and got kicked out of their apartment because of using it for trading or gambling. I can't take such risks and that's not because I don't believe in myself or my ability to get big profits from the market but because I know the market can be very unpredicted.

Crypto market is very unstable and when risk like this are taken, it usually ends badly for the individual that does it. I don't encourage others to do the same instead sell something that'll not put you at such a risk if you're looking for what to used to raise capital for trading.

Yes, that's right, maybe only some people are ready to do things that are beyond their limits, such as selling valuables or the like, because there is no guarantee that we will be successful, especially when trading futures, where we know what kind of risks are involved.
I am a trader just like you, I only trade in my free time, or in other words I am not too focused and become a day trader which will indeed take time and thought, because I have another job besides that. Moreover, the trading that I do is more spot trading than futures trading. I don't want to take a big risk, but as long as I can minimize my risk then I will do it.

Spending time on it is a big enough sacrifice that you do not have to do anything else to be fair. Because time is not something we can earn back, even if you lose all your money on bitcoin, you can find a job, work and earn a salary and you can make that money back, hell even if it is too much then you could get a lottery ticket and win it all back. I am not saying it will happen, but it is "possible" that's the important part, it is not impossible, technically speaking you can earn it all back.

However, when you spend time on something, there is no turning it back, you don't really end up getting anything back, you may have a better future thanks to it, or even better today, but you will not get the time back so what you sacrificed is bigger than people who only spent money on it.

I thought, I didn't make such a big sacrifice for trading, like that person did or something like that. Only sacrificing free time to learn about trading, to do research, and also to do trading itself. I'm not the type of daily trader who is very significant in trading, so it's only natural. As long as it continues to produce and earn more profits, that's enough. So it's not for trading that really takes up time, energy, thoughts, or money. Because I live with my small family, I have to stay under control so as not to be lured into trading with risks that are too high. Even though all of that still needs a process, until finally I decided to only focus on Spot trading, not futures.

People sacrifices for success and every success needs sacrifice but if certain rules are followed then person will easily get profit rather than sacrifice anything.

These points are necessary to avoid harsh condition whenever you need money like if you save money when you have good amount of money then you will not take loan whenever you need certain percentage for necessary things or make investment. I think that if those things which are not crucial for life should be stop to use because lots of people are spending much more money in useless activities which enables you to save money.

Learning before investment is also very important because money comes very hardly so selection of coin and using of knowledge will be most important things which will give you fortunate destination.

As long as I have been active in the crypto world, there have been sacrifices, but what I have felt so far, the sacrifice that can be felt the most is that I spent a lot of time at my desk while analyzing the market and learning about crypto. I have never sold any goods for trading capital or investing in crypto, because I really use the savings I have, and even then not all of it. Because in my personal opinion, if you trade or invest in crypto, you don't need to do something that I consider risky and excessive. I can think like this maybe because I am a person who does not want to take too deep risks, and that includes investing or trading in crypto. But even so I now feel grateful, because now I can already reap the rewards of my short and medium term trading in crypto.

And maybe for people who are able to cross the limit of their fear, maybe they will dare to sacrifice any valuable object to be used as capital to trade in crypto, and I consider such actions not wrong, the most important thing is not to borrow for capital to trade in crypto. Because increasing capital in the crypto world, it is definitely a step that must be full of calculations, and cannot be half-hearted. Because if the mind and heart are still half-assed, I think it will not be good.

If the logistics company has ceased to generate income, then such a serious step can still be understood, but according to statistics, transport companies make good profits and drivers receive good salaries even in the most crisis periods, because it is difficult to work without transportation.

I think you are taking trading as gambling because I don't think that you can lose all your money in trading unless you are trading futures without knowledge and experience or trading tokens which are not worth trading at all, otherwise, if you gain some knowledge and experience and trade with caution and follow risk management techniques and practices, you shouldn't face many issues.

Trading can be a full-time gig if you understand how everything is done, all you need is good capital, enough knowledge, experience, and time, then focus on your trades and risk-management, you can earn good enough to live your life with ease if you can manage it well.

I don't remember that I made any sacrifice when I was doing crypto trading here in this business industry to be honest even now.

Maybe, what you mean is that you were able to sell your holdings at a price that was against your heart desicion because you were at a loss but because you had no choice you still sold it for emergency purposes, instead of holding it for a few years, is that right?

First, I'm not sure how successful I have been, is there a standard of judgment to self-proclaimed success?
I've traded to multiple platforms just to catch up on a few coins listed exclusively on an exchange. Yeah, maybe my significant sacrifice is my identity on KYC processes. I wouldn't take the loss in nominal terms as a sacrifice, in fact it will likely recover after some time.

It's a pretty risky loan when you say you're all in for a trade that you lose in the end, but you're paying back the loan along with the interest charged of course.

I'm not brave enough to take out a loan because I know it's very risky.
When you lose your trade, of course, you need to study what went wrong with your trade at that time.

The decision not to take another loan is certainly a good decision.
It's better to trade with the money you have now and can afford to lose.

That's not a sacrifice, but a big risk that you take and also lose it all.

Some of my sacrifices in trading were when I decided to hold some coins that were about to snapshot a new coin and in the end I held it and I lost a lot because the market was crashing. maybe if you are an old trader you will remember the NXT snapshot that will get IGNIS coins.

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I would say mine was not a big deal I use my house rent to trade and the last thing on my mind was to sleep in the street, that sacrifice I made was a bit risky for I had no choice but to trade with it my eyes never proceeded out of the candlestick and also my right eyes were on my moving average think I trade with about $2500 but that sacrifice was too big on my head and I was trading with my laptop that good day I were not life the A/C was turned on but still felt hot deep down in me but little did I know that it would be my luckiest day before I knew it, it got higher and took a risk and made a sacrifice and I did profit a lot.
Is it that this life is full of sacrifices and risk?

Maybe taking a loan when I was starting to trade, for me that’s quite a sacrifice since I’ve been paying it after I lose my trades. And good thing, my first loss served my motivation to improve my skills and develop working strategies when trading. So I’m not regretting at all taking a loan that time, but I will never take a loan anymore just to invest or trade, especially in this highly volatile market where winning in certain time is not fixed or guaranteed.

You are right that trading as a side hustle is profitable and those who totally depends on trading become more likely to face risks as if they don't get any  profit then it will become hard for them to continue trading. Trading should be considered as a part time job as it is very risky you don't know that in next step will you be a profitable trader or loss all your money so just put little money and continue your regular job with part time job as trading.

Everything that you do read up which it would really be connected to trading is not really something considered to be wasted and it would be much better compared into those people who are just idle or sitting

around but for those who do make out some research + having that real experience and learning on actual trades do really make out those kind of progression on which it is really that something
that really needs for you to sustain and survive this crypto space. Its significant i would say and about sacrifices then we do really have different kind of actions that had made along the way
which it isnt really that bad as long it would really be that beneficial for long term.

As long it would really be that something significant then it should really be fine but if its something that would be talking about non ideal or something that shouldnt really be
done then it shouldnt really be done at all.

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.

If I were to say what is the biggest sacrifice I needed to make to learn how to trade I would say it is time and effort I invested into it, now it is easy to say you have dedicated a certain amount of time to something, but most people lie about that time and effort, as they are never really concentrated on the task at hand and they are doing several other things that distract them.

However I committed fully to the development of my strategy, and backtested it against all kind of market conditions and different markets manually just to make sure that it worked, a very slow and boring process, but at the end it showed me that I was on the right path.

Not only limited on trading but also in other opportunities in life on which you do see that you could really potentially be able to make have that huge changes in your life specially on financial state.
This is why people would really be having that kind of last resort on which taking up some loan or would really be having that kind of immediate step on where they would really be that making sacrifices just for them
to be able to deal up with something which they do see that they have the chance on having that progress but of course some of them end up positively and some would be negative.

We wouldn't know unless we do try and this is the principle of other people when it comes to this kind of approach. Some cant really just that afford on taking up the risks but there are ones who are really that
taking up such step because they do know about the opportunity or chances that they do have.In trading then it would neither be on your time or finances on where you would really be that making such
step whether you would be taking up a loan or would really be sacrificing other priorities just for the sake of it.

Making some sacrifices in trading are not new anymore. People take some loans and even sell their assets so they can start trading at a good amount. While professional traders might be confident from doing this, but for beginners they are not advisable to risk these types of sacrifices. Most likely, they are more susceptible to losses so they should always trade at a minimal amount. Good thing for me, I was not able to take loans or sell something important for me in order to trade. I just reserve some funds from my salary and start trading when I know I have earned enough guts to trade. And as expected, I kept on losing at first but have overcome them when I’ve gained personal skills and strategies in trading.

The people who had ready to hold after the pump of 20k dollars had a chance to earn more from it.Because the price of bitcoin had reached 68k dollars,which is all time high.Some are satisfied with the 20k dollars and earn only few dollars as profit,the next one had earned three times of the first one.The holding of bitcoin is essential one,because anytime the price of bitcoin will crossed the 68k dollars again.You should had the habit of holding at the emergency situation too.Because many panic sellers will lose their money by selling at minimum pump of the price as compared to his buying price.

It takes a lot of time to become a successful trader, and that's what most of us here would have sacrificed.
About money, I didn't go that way till I believed that I'm ready enough to trade real funds, that's when I trained my mind as well as my psychology a lot about the risk management and various other aspects through which I learnt trading. I never went to trade huge lots even after knowing that it was a demo account, that's because I wanted to prepare for real world trading and if I can do that, anybody here can do that.
The most important thing here is to achieve consistency which is why we need to give trading a lot of time, and also follow some successful personalities because the vibe that comes from them increases our faith that one day, we will also be one of them.

There are certain risks and sacrifices that you have to deal with if your aim is to gain life changing profits in the future. And yes, anyone can do that but know that for some, no matter how they tried in trading, it’s just that they are not good enough, instead they keep on losing their funds than to gain significant profits. However, trading for me is only a side hustle so it’s okay for me if I only gained small profits as long as they are happening consistently. And most important is, my losses do not exceed my profits and that keeps me motivating to improve my trading as much as possible.

To become a successful trader, there must be sacrifices; if he is serious, he will definitely be successful and all his sacrifices will pay off. He just has to be patient and go through everything because it's a process he has to go through. We all sacrifice something of ourselves to achieve our goals, so we must give up something to get something else. And indeed, it will never be easy because we have to leave something that we might care about but it won't last forever because if we have achieved our goal, that's when everything will pay off. But indeed, we cannot get what we have sacrificed before because that is the price we must pay to achieve our goals. Now it's up to us to decide whether we can do it or we are going to stay like this.

I've never been a full-time trader, so all my trades were carried out on the sidelines of my main job, from starting to learn the basics to starting capital using the money from my main job, and right now I can't say I'm a successful trader, but at least what time has been sacrificed and the money has been paid in full.
The biggest sacrifice I've ever made was following paid signals, saying it's the biggest because it's stupid enough to believe such a thing, and the reason at that time was because I didn't have enough time to analyze the market and thought it would lighten the burden a bit on trading decisions, but to be honest it didn't gave impressive results, I can even say that paid signal owners only use other ways to be able to get money apart from trading because they understand that trading will not always be profitable, but having a channel with paid signals gets guaranteed income every month.

Selling ever single satoshi I have during 2017 when it hit 19k. I knew that it would slow down but I didn't know when it would happen, but I sold everything I had in the whole of crypto world at the peak of that time, was a great decision. I didn't really made all that much great decisions after that, I have lost some and made some, I have been doing alright overall, but nothing has ever come close to that. It was the peak point, probably just a few days after I got out, the bear run started and everyone started to lose money. It was definitely a great decision to do that. I hope that there are a lot of decisions like that coming my way in the future as well, it definitely feels great when it happens and you feel amazing when you know that you are right, I would love to see that during the next bull run as well.

^ I have sacrificed many things before when I was in trading but I did not remember I become a successful trader.
Yes, that is right, I am taking a loan because of lack of capital, selling my holding coin just hoping it will double when I was in trading but it ends up all in a bad nightmare, all my savings are gone and I was not able to recover it until such day come I realized to cut my lose and accept the fact that I will not recover it and move on. Not all sacrifices made us successful, should learn how to weight the risk and manage it.

I have not really made significant trading sacrifice in my whole life since I only trade with a minimal amount. So I lose a little and just gain a little, maybe because I’m not a full time trader in the previous years until at the present time. And even if I’ll become one in the future, I think I would never end up sacrificing my assets or property because I know how risky trading is. It can give you exceptional profits but it can also suck your life in an instant.

Wow, but based on the recent stuff I learned, I read that in the past forex brokers were not trading cryptocurrencies unless just foreign currency pairs like ERU/USD, but now they have most cryptocurrencies that are very volatile on the forex trading brokers. I don't know how true that is, but someone who is enlightened about it should illuminate me, please.

You really sacrifice effort for trading, and I'm happy if it's paying you off now because when you mentioned that you watched some videos online and did some online courses for trading back then, I really don't know how long it has been since you didn't mention it, but I must say that some countless videos and trading materials online are just not worth spending time on to study because the majority of them now on the internet are just palter-babbles. You spend time learning a lot of those trading classes, you try exactly what you have learned, and you don't see any good results. That's what it is now.

None of that.

It does not need a "sacrifice" (sounds like a ritual, if you ask me ) What is needed is a source of money for the capital and that is what the OP has cited in their post. However one can just start from their own salary if they are willing to, of course a bigger capital at start means a bigger profit on the first trade, if they manage to. But even then capital is just a number, skills matter and of course some luck.

You could say that most of us here have once a while lost money what we traditionally call "tuition fees" to trading.

Maybe the biggest sacrifice we have made has been in terms of time because, in those three years, we would have spent more time trading and forgot about other things. Maybe that's okay for us, but it's worth it for others because we've spent time with them.

I think that's normal because in achieving the goals we want, we have to give up and sacrifice something to get it. For example, if someone wants money, he has to work in an office or as a freelancer. And he has to give up his time to work hard to have money while leaving his family at home to have money later.

We all go through pretty much the same thing. But we shouldn't complain because that's what we have to do. And we must be able to appreciate it so that what we do can be used or beneficial to the people around us. There may also be people like @OP pointed out.

I once became an active trader but it didn't work for me well. That's why instead of being active in trading, I did my own way of trading on and off, and that worked for me best.

It's sad to remember that I've sold bitcoins that I've held before. I'm not a successful trader but I can say that it did paid me off the least. Made profits and mostly made a lot of lessons from those sell-offs that I've made. It was truly a sacrifice in a market that no one has taught me how to deal with.

And what is his sacrifice? A very beautiful and unique story . I think that before he became successful, he lost a lot of strength and nerves.
Seeing how the psychological health of my friends who are just trying to trade is changing, I think that I am not ready for such a sacrifice. I'd rather sleep well than twitch with every up and down of the market and turn into a neurotic. I know one thing: trading is not for everyone, so I look with regret at friends who have not yet understood this.

Crazy story about selling your company just to have money to use in his trade, I don't know what that guy think since maybe he just been hook up for the idea that there's a quick income or more bigger than can he possibly generate than his company. Hope he didn't regret his decision since there's no way he can own back that company which can give him more sustainable income.

My only sacrifices which I can afford is to spend a little portion of my salary on trading since I can't afford to extend more since I know the risk and hard to lose all of it and get broke for weeks or months.

What you have done in trading I think is correct because basically we shouldn't force our abilities,
wise in trading is very important to minimize risk,
don't let us trade with greed because it will only make us lose.

Too much time was wasted if I chose to trade full time because trading is a fun job to do from the first time I got involved until now I prefer medium to long term.

As long as I carry out trading activities, I have never sacrificed valuables to make capital in trading.
I only buy based on my financial ability when other needs have been met and my buying process is well managed regularly and occasionally watching market price developments.

Making trades every day and having to control them all the time is not my kind of thing.

Two basic things I sacrificed were my time and money. As a young man growing with little or no funds, I took my time especially in day trading to understand some of the basic principles of trading in Bitcoin and that alone took my hobbies, socializing and other past time activities away just for me to focus on trading.

Secondly, it is money. The fact that I was a low income earner, I took the bold step to invest substantial amount of funds in the system and trade with it. It was a time for me to take risks which I was ready for and certainly I got losses but learnt through the process.

Well, I'm not into full-time trading so I basically didn't make any sacrifices of that nature, though I've always wanted to become a full-time trader so that I can have financial freedom and have more time to spend with my family and friends, I barely have anything worth enough that I can sell off so that I can have a good enough trading capital to start with.

I believe hard work and determination can make anyone become successful in the long run, one should never give up even if it takes time because the success that has been gained quickly tends to vanish quickly as well but when you've worked hard for it, it tends to stay forever.

During my days in the University I and one of my close confidant use to squeeze out money to go from one Forex seminar to the other, where we did pay huge some amount of money to underwent those trainings and take lectures on currency market because crypto trading was at its early beginning and forex trading was not that popular in my country side as at then when compared with the rate now, so trainers was charging big money.

 I was so passion about leaning and earning money from the financial markets and I dedicated a lot of time even to an extent we both had to join money together and I will attend the seminar, after which I will teach my friend instead of we both to miss out.
Burned a lot of Data at night watching tutorial videos and taking online courses as well , which at the end has helped me become what I'm today when it comes to trading.

My Experience selling something to use that money in trading is the foolish idea and it should be avoided. I think the most important sacrifices is to spend your precious time for trading and those who spend lots of time for trading are more successful because they learn more about it.

Sacrificing for success is not a bad thing but selling your daily life's materials are a bad idea because you will get rid of necessary things of life as well as money and you will also be disappointed by experience this fact.

I have sacrificed a lot of time to try making my trading better, I have sacrificed time that I should have used for other things like even sleeping but used it in watching more videos online. At some point I offered someone who knew better than me in trading with more experience some money to show me some tips because I noticed that he was not willing to tell me for free. These are a few sacrifices that I have made and even though they do not sound very significant to what other people may say, they helped me become better trading the times I traded.

Each sacrifice differs according to the financial situation of the individual and the society in which he lives. In one country, owning a car is considered a luxury that you can sell when you need money, and in other countries, you cannot move around without the car, so it is necessary. You will not get a typical answer, but each individual will tell his personal story, and its outcome will be:

• Spend less, and stay away from unnecessary things.
• Start saving in your time, in your expenses and avoid any behavior that leads you to more spending.
• Think and learn how to invest your money, the more you know, the more you build a clear goal and the easier it will be for you to achieve your ultimate goal.
• Dream and keep dreaming. If your dream is a car, dream that you are driving it and it will come true.

You will tell your experience in the end and it will be unique.

Someone I know was able to achieve a lot of things, he literally become financially independent after he left his full-time job, and he already bought his own car. He is my close friend and I was also the person who introduced him to cryptocurrency, I am happy for him. Because he doesn't need to work 8 hours a day, and he got a lot of time.
That's why he becomes a full-time trader.

I haven’t made any serious sacrifices just because I want to trade, the only sacrifice I can say I made is reducing the way I spend so that I will be able to accumulate enough money to trade with some and to use some to accumulate bitcoin for future purpose, that’s the only sacrifice I can say I make so that I will be able to trade.

Because we want to trade those not mean we should sell properties, am not always in support of selling properties just because you want to start trading, the best thing I do encourage people to do is to trade with any amount they can afford to lose. If you sell your house because you want to trade, if the trade goes against you and you lose money, then you will have to become homeless, I don’t really think any professional trader will encourage anyone to sell their properties because they want to trade. The best thing we can do is to increase the way you work so that your income can increase and you will be able to save money and start trading, but I don’t support selling of properties.

Hmmm, None .

I don't need to sell other things that I have just to have money to trade. I don't want to risk it, sell those important things that I obviously need for something that is very risky, has a high chance of losing money especially if you don't know what you are doing, and has a potential to change your life negatively. I prefer a lesser stressful route, and that is to focus on building a base for the long term thru long term investing. I'm purely investing on long term coins.

I know that there are some people out there who can sacrifice what they have for trading. Some of them went on to become successful traders like the one OP has shared to us, while there are some who sacrificed whatever they need to sacrifice, sold all of their belongings only to end up losing money which is quite unfortunate for them.

Well, I guess I'm lucky that I didn't quit my job for trading because I would be doomed if I did that.

That's right, because if there were guarantees, of course there would have been many merchants who had become rich,
and in reality it doesn't happen so every trader needs to learn because knowledge and skills will help in trading,
besides that there is still a lot for us to learn and still enjoy the process.

Trading is probability, there is no guarantee that no matter how much money you sacrifice, you will reap good returns. Indeed there are some people who will study seriously if they get a personal mentor (paid), but it comes back to one's ability to develop themselves. There are some successful traders who in fact only get free trading courses from the internet.

I didn't experience this because I didn't push my trading activity but instead, I'd go for investing for long-term purposes.
I didn't also see someone get successful in trading, usually, they've encountered many losses and difficulties in trading, and the reason no one gets successful.

Selling off assets like trucks, houses, or more worst land to fund trading can be a risky decision but may provide the necessary capital to start or expand a trading venture.  It shows a willingness to take calculated risks and prioritize trading over other endeavors.
That's the real sacrifice which I think is not good to hear.

I gave up my job and my education for Bitcoin at the time. I did it because I saw that bitcoin trading has the ability to make you wealthy. I joined the mentorship program because I wanted to be successful in trading, but it didn't work in my first attempt, so I stopped to relieve stress. And after a few months, I returned to trading and joined another mentorship program, since I believe that trading is the best method to get wealthy in the future, as opposed to working for someone else and not being able to do what you want. Fortunately, I learned a lot and am gradually progressing and recouping my trading losses.

Sacrificing something just to make you anle trade is a bit questionable act because trasing especially crypto involved a lot of risk due to the crypto volatility. I can’t picture out how the guy that owns a logistic company sold his truck for trading while it's the main tool for his business running. Why not use some part of his company profit on trading rather than selling valuable asset just to put the money on risky investment.

I will understand if the sacrifice involves savings from cutting expenses but selling valuable asset that provides profit is an ass way of getting more losses since that person will chase profit just to recover immediately his loss on selling his property that generates income.

Honestly, None of them.
In the past, I often thought that after getting profits several times with the trading strategy that I applied, I thought it was the most suitable and good trading strategy, but after that, it didn't work anymore. And so on. Maybe it's not the trading strategy's fault, but rather how I manage it to be more consistent in getting profits. On the other hand, the trading strategy should also be successful in all kinds of markets, both ups and downs, and even in uncertain market conditions. By doing a few tricks so that the trading strategy can still run well. But unfortunately, for me, who really lacked the ability to teach and didn't want to learn more, this didn't work, and even went further than what was said to be successful. ha ha ha

Trading couldnt really be giving out an assurance that it would be something that will really be your main source of income but its true that there are people who are really able to achieve this kind of point or certain
condition on which they are really that sustainable and able to survive this unpredictable and very volatile market. If we do speak about the chances or how many full time traders then no one really knows but for sure they are really those individuals who do really make a living out of these market movements. Even myself do consider out an old time trader but im not really that still confident on making it as a full time thing.
I couldnt really be that too confident on leaving my day job for trading but i do find myself on making profits at least but there are really moments or really those days on which i do really experience up some losses
which im not really that much confident on making up some decision. Of course there would really be those sacrifices on which a certain trader would have done before they do get into that point.
It would really be t hat situational.

The sacrifice I have really made for trading is the time I have devoted to learning both online and offline. I downloaded quite a lot of videos on YouTube to minimize my data usage when I wanted to watch them, and I spent sleepless nights watching those videos and practicing trading terms. The worst of all is not knowing how to study the forming candle or price chart. I was seriously engaged then on a daily basis, and my only free time was at night, so I used those nights to learn about trading, but all the time and effort I exerted then into trading never paid off to half of my stress, but although I just thank God for those things, at least I am not a newbie, so even if I want to start trading again, which I am considering, I wouldn't find some things so very difficult like a real beginner.

Besides time and money, what else do you think?
My losses on trades sometimes don't pay off immediately in the trade itself, but tend to be paid off by my investment. This is a fact that I feel so far even though in fact I also make profits in trading. My days don't trade much so that in the end, I tend to focus on investing instead of a short-term return plan.


No, I will not sell anything to trade crypto including cars, houses or anything else that has value. I'm trading from my saved budget within a certain limit, so it's not too risky for me in case I don't manage to get a return. Obviously there are a lot of risks to consider, so selling anything to trade is not the best recommendation in my opinion.

I would imagine, what if they don't succeed and all of their trading budgets are lost due to price volatility or something else?

No all such "sacrifices" pay off though especially that part of selling off property or trucks in order to trade.

I do have a friend who sold off his good business to get into crypto trading just because he was convinced by a friend that he can make a shit ton of money. Unfortunately he went all in on Terra Luna shortly before the crash and kept the coins in an external wallet. I think you guess is as good as mine on what happened next. Stressed and depressed, his life has never been the same again.

Leaving the trading is the most significant sacrifice i have made in my journey. I step into trading with no knowledge, i merely understand technical analysis and i had no grip on fundamental analysis too. So, in frustration of losing money (which i had it all like i was trading with money which if gone, then i could be broke) i left trading back in a year and focused on earning it by providing my skills and services and i am happy on that decision that i found some ways.

To be very honest, my reply might not be in accordance with your question's context but i think it is. As, sacrifice is necessary, for example back then i was involved in future trading but due to some religious beliefs i can not perform future trading so i moved to spot trading but it needs a huge capital so after realizing this fact i left it too.

You have pointed out a great sacrifice because observing the market even when you are at a family gathering, or at a picnic, or at any function i.e marriage, etc. you have to keep checking the phone and have to remain prepared to take action according to the market changes which no doubt changes every trader's lifestyle. But at the other hand, i have seen few people in my friend and university zone have managed to schedule or live their life in such a way that no one can assume them to be a trader. Like in 2022, i was at a university campaign and i had to go village to village and i was an early learner at that time so, during the campaign i took small entries and spent most of my time on watching the market even though i can't understand what it means and what impact does it make but still, i was reading any news comes in front of me. In my group there was another trader of which i knew not as if he acted like one then i might predict at least of him a trader but in 2023 i came to know that he is a pro trader as he started some classes related to trading. And then i embarrassed myself too like i was acting it like a pro thing in front of an expert trader while i have no expertise. (haha) well from then i manage to understand that live a life that no one can predict you as a trader.

Fun fact: you can be a trader and still have a mentally-healthy lifestyle. I pretty much trade for a living but still have healthy relationships through my SO, family, and friends. Especially that I do get burned out easily by looking at my screen all day, I frequently go out at night.

I would like to point out the one important phase that every full time trader is going through which is turning into anti social, because the nature of job is just sit and do analysis and make your money it also applies to all kinds of full time trades but it's more visible in cryptocurrency because personally my lifestyle changed but not to any extreme still I can feel the difference which I will say definitely a sacrifice. Because more we become anti social then there 8s high chance of getting stress, anxiety and others so if someone doing it as full time job then never forget to take an off day.

Not a daytrade, but a mid-long term one. Noticed how Axie Infinity(that NFT game that got overhyped) was skyrocketing in terms of playerbase by a crap ton while it wasn't reflecting on the token price(AXS, not SLP). Went in with like 90% of my total crypto portfolio. Earned a good amount of money, to say the least.

What more sacrifice is ot required of me than giving the best of my abilities to the trades i made, which is my number one priority and security, spend the night althrough on the weekly candles speculating, busy with my charts and always on the screen of my computer system, isn't this all a sacrifice enough to ensure am having the best of experience in trading, the profits i also gain or realized through this are good enough to serve as results i can say really paid off for me in trading bitcoin.

I haven't been a full time trader for three years but for the short time I was fully into trading I did some things to increase my capital. I started small so I compounded by profits so I can put those profits back into my trades. Having to sacrifice this profits made my capital to increase and gives me more opportunities to make better profits which helped me to stop trading full time.

Some newbies that starts trading make the mistakes of spending their profits on unnecessary things since when individual make money immediately they begin spending more, they might decide to live a more expensive life so it looks like they have made it to their friends.

I have no sacrifice to make than to reduce the time I am using to trade, to reduce the leverage that I am using and to be very patient and discipline myself.

Save money for what? If he is a good trader, he will not do that, he can even prefer to rent a better apartment if trading is profitable for him.

Are you serious? That is bad. Trading is not very easy like some people think it is. Some people will even be gambling with it and think they are trading and later lose.

If you want to trade, do not let it disturb your work. Do not sell your belongings because of trading too. Trading is risky.

If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.