Topic: 2 Reasons Noobs Fail At Trading (Read 741 times)
I use Binance for trading. When I first started trading, I was trading on a scalping strategy, but I did not know that can pay a Commission for transactions in BNB. So I spent on the Commission more than I earned on trading. But now I use BNB. That was my bad experience.
Probably you are a professional trader, not every trader is a professional or has the time to sit on the system to monitor their trade, trading without stop loss system or take profit system is quite stressful because you have to keep your eyes always on the trade except you are using a bot to trade.
Some of your concepts are fundamentally wrong here. Not every trader needs to be a professional to make money. The old school method of buying low and selling high always works to make profit provided you have nerves of steel to hold through any bear market and /or stock up more on a bear market. In the stock markets these things are more objective but in bitcoin you can safely buy more without thinking about a loss of the asset because it will rise in future. One does not need to use a bot for that. They can set buy orders and sell orders and check one or twice per day to see if they get filled.Quote
Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.
No exchange would provide you such a tool. If it is doing so then its shady. 
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
Then you don't have to learn about a stop loss or choosing the exchange that has a stop loss. What you only need to do is buy low and sell high, that is. As long as you can use that, I am sure that you don't have to worry about the profit because you can always make the profit in trading.
I don't know much about stop-loss, but I always tried to buy low and sell high, and it makes me analyze my chance to get that position. Besides that, I know that it will not easy to use stop loss because we need to be ready for anything that might happen later. But you can learn about a stop loss function in the exchanges, and I think the difference from the normal trade is not too big as long as you know what you want to do.
Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.
I would rather go manual trading than leaving it for a day or two.
One more problem is the greed comes first. Newbies tend to think like it is an easy task to trade and then just leave it there like a robot making money. It is not.
Just going with the hype is like gambling. There is no proof that it could really make profit hence it could be worse and will just break you from trading again.
They fail because of greed only of profit. Nothing else. From a small profit for a day then the greed to make more in just the 2nd day.
One more problem is the greed comes first. Newbies tend to think like it is an easy task to trade and then just leave it there like a robot making money. It is not.
Just going with the hype is like gambling. There is no proof that it could really make profit hence it could be worse and will just break you from trading again.
They fail because of greed only of profit. Nothing else. From a small profit for a day then the greed to make more in just the 2nd day.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
If you do not have what it takes to engage in active or day trading then you can go for long term holding as you claim you do. Holding coins is much easier and anyone can do that, it requires nothing, other than simply buying the coins and owning a wallet.
So many have tried day trading without having any knowledge and have lost so much, do not force it, go for that which is easier and more comfortable for you
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.Exactly my thought too... But if you tell them this, they feel you don't want them to earn too. Trading may not be easy at times and sometime it's the noobs that are starting out new, are the ones sometimes dragging the price of Bitcoin down.
Its okay too trade if they want to, but it's best they stay back and learn how it works first instead of jumping into it just to make money.
When you talk about someone going into trade without full knowledge, I believe they are also going in with cash they will pump into the market which they might eventually loose, they keep trying by pumping more money till they get it right, so if noobs are pumping money into the market from time to time, how have they brought price of BTC down even when they panic sell, part of their money still go into the BTC.
I am suspecting OP trying to promote an exchange. However, mentioned 2 reasons isn't valid to me why noobs are failed on trading. In my opinions below 2 reasons are more important.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
When we just newly jump into something specially on money making then the first common thing comes to our mind is to get rich quickly.1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
Thats why we do fail up on first tries yet we dont even know on what we are doing and also knowing that trading isnt really that easy to learn and to be mastered
specially with this very unpredictable market.If you do let your emotions and do lacks with experience then expect on what would be the outcome.
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
I don't think there is anything like imagination since trading crypto currency is quite different from gambling. If you are in profit you should be able to see that you are in profit and you are free to take profit at will, since you claimed there are exchange that has no stop loss and take profit. 
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
People interested when they get a lot of money.So any newbie trader doesn't try to learn or research first on crypto or trade totally and they only know sell high and buy low.When price down they got depressed and sell their asset with lost and i see maximum newbie trader lost the asset for this reason 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.just using limited strategies such as buy low sell high, thats why many of them suffer losses
They leave it to fate basically. Similar to just simple gambling. Well sometimes it would work and people will be lucky with their random trades but most of the the time they'll lose money. Strategies are more than just buy low sell high since that usually isn't attained without proper planning. Experience is everything in this industry.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
I think you are new at trading. I have few of my friends who even do day trading and are earning a lot of money. It is the matter of experience. If you are experienced trader you can earn even daily. For Newbie, the best option is make a trade and sell coins only when you're at profit. Also try to learn the charts and TA as it can really help you choose the coins at right time and sell at an optimal price.
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I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
Then you don't have to learn about a stop loss or choosing the exchange that has a stop loss. What you only need to do is buy low and sell high, that is. As long as you can use that, I am sure that you don't have to worry about the profit because you can always make the profit in trading.
I don't know much about stop-loss, but I always tried to buy low and sell high, and it makes me analyze my chance to get that position. Besides that, I know that it will not easy to use stop loss because we need to be ready for anything that might happen later. But you can learn about a stop loss function in the exchanges, and I think the difference from the normal trade is not too big as long as you know what you want to do.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.just using limited strategies such as buy low sell high, thats why many of them suffer losses
I am suspecting OP trying to promote an exchange. However, mentioned 2 reasons isn't valid to me why noobs are failed on trading. In my opinions below 2 reasons are more important.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
If we follow any kind of strategies in some point we also had the losses happened in trading at anytime so if you were a trader you will definitely need to accept the loss that happened to you otherwise you will definitely made some mistakes again and again once you got the mistake you learnt something from that this will be the experience.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
yes everyone not following the right Strategies for trading will be the most important thing for anyone to get lost but this is not only the problem for a trader to get lost and also he need the experience about the situation and how to handle it if he know that he will get profit at any time at any situation. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
Lack of experience and too much greed, I would say these are the main reasons. They want too much in too short period of time and very often are blinded only by profit so they can't think rational. It's not easy way to get to the skilled and experienced trader and if you just make mistakes and learn nothing out of them it's better to quit trading. This is not job for everyone and only few become really successful and for that you have to be strong in the head.
not using Stopp loss is one of the main factors in failing when trading, this is often the case for traders, especially beginner traders, this must be avoided and this is one way that they should make it as an experience
Stop loss is really a must if you are a newbie but stop loss is not an option anymore when you are veteran trader. New people often not using the stop loss mechanism cause they think it is worth the expereince and they are entitled to commit trading mistakes.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.Exactly my thought too... But if you tell them this, they feel you don't want them to earn too. Trading may not be easy at times and sometime it's the noobs that are starting out new, are the ones sometimes dragging the price of Bitcoin down.
Its okay too trade if they want to, but it's best they stay back and learn how it works first instead of jumping into it just to make money.
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