TRADING FOR 5 YEARS AND STILL DOWN 30K

I've been in crypto trading for 5 years now. Started back when I was in college, using my freelance earnings to invest in Binance and do some futures trading. Fast forward to today, I'm sitting on a total loss of 30k USDT. I make about 500 USDT a month from my job and just recently got married, which adds to my stress. I'm also carrying a loan of 3k USDT. How can I get back on track? Is this all just a gamble, or should I think of it as tuition fees for learning in the crypto world? Should I keep trading or just walk away?

If you've been trading for 5 years but are still losing money, perhaps your knowledge of analysis is lacking or you're not able to absorb information about cryptocurrency trading well. Because 5 years means it's already back-to-back halving, meaning if you got in on the coin during the previous halving period, you're already covered and have turned a profit by the next Bitcoin halving. This is because the price almost always doubles from the previous halving with each halving. If you're not yet proficient and are still consistently losing money, it's better to trade in the spot market

Yes that is very good advice, probably best to even forego trading entirely until the area/s needing improvement are identified and addressed. At that point, may as well gamble at the casinos because you'd potentially lose less and it's big wins are much more accessible, albeit rare, but requires little to no skill or extended knowledge, just luck and common sense.

I think the best course of action is to just take the loss and forget about trading. The thing is, if you haven’t managed to become a successful trader after five years of trying, there’s a high probability that you never will, meaning you’ll only lose more money if you continue. I know it’s not easy to accept such a big loss, but take it as a life lesson and move on.

Is gambling nothing more, because future trading is considered the most risky trading form and should be considered as gambling nothing more than that in the end. For now don't chase your losses by seeking new way to make up your $30k loses but avoid future trading and do more of spot trading.

You have been trading for 5 years but you have been losing, that is enough to make conclusion. I will highly advise you not to trade anymore. Cryptocurrencies are risky. Leverage trading is very risky also as you posted that you are trading derivatives. You have been trading for a long period of time, so the chance that you will make money from it is low. Stop trading.

You are actually sabotaging yourself by throwing away money to where you are absolutely not grounded in the trading knowledge, it's all your fault. I am sure you haven't learnt the technical and fundamental knowledge about trading charts, if you haven't learnt, then it's all your fault again. Since you are earning elsewhere from freelancing, what suits your investment strategy is long term holding. I mean buying crypto with 50 USDT from your freelancing jobs every months while keeping 250 USDT with you for any other upkeep. Use this strategy and quit trading or pay a tutor to learn trading.

Getting married isn't a problem IF you have enough money to use to cover all of your expenses. Well if your wife helps you with the expenses then that's fine, but you shared it here because it seems that she doesn't. This is just my assumptions though, and I don't know you personally. Taking a $3,000 loan just for trading? One of the worst things that you can do in the crypto space is taking a loan, and use it for trading. If you will use it for long-term investing then that's fine, but for trading. Now with regards to your trading journey, having a $30,000 loss because of trading isn't new. I mean there are traders out there that already lost more than what you lost in 5 years. I know it's disappointing, frustrating, and you feel regret because of what you've done, but if trading affects you financially in a negative way then I guess it's time for you to just stop and take the L. Losing that amount of money and taking it as just some kind of "fee"? You're just creating an illusion, and it will never be like that... or maybe if it's just a hundred dollars and you've learned from it then you applied it on your futures trades and you became better then you can say that it's a fee, but to lose that amount and consider it as a fee? That's ridiculous if you will ask me. Now how you can recover it? If you see that you don't become better, better quit and forget about it. I know it sounds hard but sometimes, that's the only solution that we have to prevent further losses. Now if you want to continue trading despite of what happened to you then go find another source of income where you will get your trading funds there. Also, pay your loan.

You're already in a difficult position, so it's best to just quit trading. Continuing is pointless. You're only taking a huge risk, potentially ruining your finances if you don't consider quitting now. My advice is to focus on your current job, and you should take on two or three jobs if you can. If not, just focus on your current job. It's also best to cut down on unnecessary expenses, as you've just gotten married and will need a lot of money for your family in the future. It's best to manage your finances and start saving. That's the best thing you can do right now.

Even if you are a trader with 10 or 20 years of experience, skills and a huge amount of knowledge. There is no guarantee that you will always be profitable and never lose, or that you can easily make money from trading. Trading is a highly speculative market and its very nature is one of probability, not certainty. So knowledge, experience and skills help to some extent, but they do not guarantee you anything. Therefore, it is not uncommon for a veteran trader to lose money and go bankrupt. There are many stories of whales, big investors being liquidated, losing millions of dollars. Do you think people who own millions and billions of dollars are newbies? No, most of them are experienced traders but they still lose like us. Because trading is not easy.

Stay away on futures trading because no matter how good your experience is there’s no way you can precisely knew when will the market be volatile and at what price level it will hit since it usually wipe both long and short position with those wild price swing. Much better to focus on your just until you repaid your loan and just do spot trading. That 30K loss of yours is already a good investment for your future if you just purchase Bitcoin and hold it.

I think that there are traders who have lost more to trading than this amount that you have stated there, and even within a shorter period. Losing is almost inevitable in trading regardless of how long you've been trading but if you've been trading for a very long time it is expected that your win ratio should exceed the ratio at which you lose, this is to say that if you're still losing more than you're gaining in trading then there is something that you are lacking in probably knowledge that you need to acquire and understand. If you must continue to trade you should be able to identify the area which you are lacking in understanding and then focus on improving on it because that is the only thing that will improve your chances of winning in trading. If you cannot learn the lesson, you would continue to lose.

Yes, it looks like you've paid for training, which is significantly more expensive than traditional trading training. But the problem is that you still haven't learned how to trade, because you still have a loss of 30,000 bucks. And if this loss does not decrease, but rather increases, then you need to stop and return to freelance earnings.

Sorry to hear about your much loss in trading, but may I know what kinds of your trading as future or spot trading, I don't think have huge loss up to $30k since you started trading last 5 years ago if you trade at spot and buy top potential coins fully believing have increase significant right now. All your loss since five years ago fully at spot trading or you trade with meme coins and its easily loss much fund after meme coins get scam due can't sell any more. Right now you have fund for trading? I don't have any ideas without having capital how to recovery back your loss but if you have around $1k to $3k for capital trading likely has opportunity recovery how much loss before. You can trade fully at spot trading and buy only top altcoin but priority for investing in bitcoin only, have bigger opportunity earn profit with bitcoin than altcoin although get decreasing but bitcoin faster for recovering than altcoin.

If you still want to continue trading, it is up to you because you should know better with your trading strategy. If you believe you have a good strategy but you don't have good emotion for the market then you try to work on your emotion but it is bad if your trading challenge and losses is because of your bad strategy. So you will need a fresh strategy that will give you 70% winning rate. However, if you are going in back, don't come back because of the loses you have encountered, let that go and start a new page. If you are chasing the past loses that will be revenge trading and it is not encouraged in trading. I wish you good luck.

This is simply telling us that you jump into crypto trading futures trading to be precise without knowledge of trading and market analysis, that is exactly the reason why you lose this big, because you can’t have good knowledge about trading and market analysis and still lose all your trades or keep losing consecutively for five years. If it is true that you jump into trading without knowledge and orientation, then you are the cause of everything, you should have learn first before you start trading, and if you are eager to participate in cryptocurrency, you could have used the money to buy Bitcoin which I believe by now would have given you more than 3x your investment. On your question about continuing trading; I think it depend on you; if you have Learned a lot and feel like going back to trading, no problem, but if you still don’t have the knowledge, avoid trading blindly and use the money to buy Bitcoin.

This is what I keep on telling people who are trading that is they're not making profit but losing, they should stop trading and let go of their losses. Trading for five years and you are in a big loss of 30k shows that traders are losers in the long run. Assuming you have invested that money into bitcoin through DCA, you would have been in profits by now because you started trading since 2020, when bitcoin price was still very cheap. You are a family, you should focus more on investing for the future and not trading.

Five years is a long term for you to have mastered the art of trading and not still facing losses like this. If you’re still facing losses, it is maybe you haven’t heard the best background knowledge of trading or maybe if you have one, you’re not applying proper risk management to your trades to manage your losses. If you’re eager to make quick profits, then you’ll find it hard to make it through trading. If you’re in such a big debts, it is better you stay away from trading now, settle your debts and maybe you could try again because I feel you’re lacking something you really need to learn first before going back into trading. I can see that capital is not your problem, just risk what you can afford to lose, stay out of debts and practice and learn from your losses while trading.

Since you have not made any profit by trading for five years but have lost $30,000, you should definitely quit trading and make some other decision. Moreover, since you were involved in futures trading, you have lost $30,000 in these five years. If you had not been trading in futures, you would not have lost $30,000 from spot trading. However, I think you may have had a long experience in trading but you have not gained much trading experience and strategy due to which you may have lost every time on the trading platform. If necessary, you should repay your $3,000 loan in any way since you have a job, so you should repay your loan but not by depending on the trading platform, whenever you depend on the trading platform, you will increase the chances of losing again. Futures trading is not gambling, but it is much riskier than gambling where you can lose all your money in a moment.

If you had 5 years in this market, more than one market cycle, and you still have loss in trading, it's time to stop trading. You don't have good characteristics for trading and you must stop trading as continuation with it will cause more losses. You stop it first, use sometime even months to calm down, think about what you did wrongly, and in coming 2 years, you will have good bearish market for accumulating cheap bitcoins for your INVESTMENT portfolio. If you can do it, you will get profit with investment and gradually get what you lose from trading with time and next Bitcoin market cycles. Don't borrow money, make loan to do either investment or trading. Do it only with money from your discretionary income. With $500 monthly income, you can spend like $50 for monthly DCA. https://costavg.com/ You can use the website for calculating your DCA investment with $50 monthly for four or five years and see how you get with investment and profit with 4 year DCA.