2 Reasons Noobs Fail At Trading - page 2.

nydiacaskey01

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Quote from: crzy on March 07, 2019, 07:30:09 PM

Trading is not for everyone because some people are trying to take short cuts on making money.

The problem is, trading was presented to them (newbies) like its as easy as picking apples, just buy low and sell high. Most are recruited to earn from a referral link.

Quote from: crzy on March 07, 2019, 07:30:09 PM

Holding for long term is always safe and good.

Problem with newbies in trading is they are not that patient yet in terms of investing. Some of them aims for a very high target and in teh end if they see the price is dropping they sell even at loss and buy another coin. if they just hodl long enough, they could have booked a profit.

crzy

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Quote from: Peterdav on March 07, 2019, 12:59:00 PM

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.

mersal

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Yes the mention. Was correct but we need to accept that we are not trading in a good way it will be the first point for everyone to give up they don't have experience properly and also we need to train ourself by investing again and again while we are also losing it just two things will more important for 888 to stay in this field.

timmydakolo2

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Quote from: Solondrado on February 12, 2019, 08:44:09 PM

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 Grin

This are good fundamentals but what about the aspects of not having a good fund to start up and trade, that alone will make them to Fail at the very Start.

Peterdav

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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.

CarnagexD

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Quote from: seramania on March 07, 2019, 04:06:00 AM

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.

maydna

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New people never want to learn more about trading which is very important to them if they're going to improve their skills. Learning trading will never be easy, and it will not stop in one month only, but it will continue in your journey in trading.

So they really need to learn, never stop from learning about trading because that is the only one they can do to making a profit.

Besides that, when they got losses in one coin, they stop and desperate but they never search where is the mistake so they can fix the error and they can understand for the lesson.

iMark

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Quote from: lablab03 on March 05, 2019, 07:16:08 AM

Quote from: ikicha on February 13, 2019, 04:53:04 PM

Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.

. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao

I've also experienced that, if you do a stop loss, make sure you keep monitoring the market, research whether the market conditions will get worse or not, don't do it if you see conditions will improve. if you want to stop losing then do it at the beginning of the destruction, don't be late

Noa_Amable

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Quote from: Solondrado on February 12, 2019, 08:44:09 PM

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 Grin

well, not using stop loss is a tricky advice if you trade with leverage.
that may bring you a really painful day..

justdimin

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Quote from: Solondrado on February 12, 2019, 08:44:09 PM

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 Grin

Funny enough, a lot of people still use their gut instinct to trade when all these tools and lots of analysis are out there for them to take advantage of and trade successfully. These rules they don’t follow are the major reason why a lot of them fails and they see professional traders and God to trade on their behalf when they can basically be a professional too by following trading rules.

I know it is quite not easy for newbies in trading to understand these trading tools and indicators that is why it is important not to jump into trading till one gets the full knowledge right.

seramania

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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

beerlover

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Quote from: Coin-Desk on March 06, 2019, 12:26:12 AM

Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.

LOL, I think noobs can walk their ways through to become a professional if they can change most of the things you mentioned here which are quite easy to do and also quit trading with emotion. You know these days, not only greed affects them but impatience, impatience to really acquire more knowledge about the trading before venturing into it, every noobs hear that they make money daily on crypto and then jump into it using real money to practice, thinking Trading platform or the market is one hell of a system that performs magic.

Personally, I went through series of training on trading to the extent of learning how to control emotion which is very vital to trading; I had to even watch 3 mentors trade before I thought it was right time for me to start trading.

anggi

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besides, some mistakes that are often made in trading are holding back for so long and not utilizing the situation when there is a price increase. besides, there are still many mistakes that are often made.

xvids

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Stop losses it isn't just for noobs but also other greedy traders,
Not just the stop losses most of the new traders tend to fall in some hype coins they want to get an easy profit .
They fall for the FUD and FOMO.

bison

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Quote from: lablab03 on March 05, 2019, 07:16:08 AM

Quote from: ikicha on February 13, 2019, 04:53:04 PM

Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.

. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao

if you use the stop loss feature then it will only make your assets disappear when you lose, whereas if you do not use that feature then when the price falls you can still hold the assets you have until the price goes up again and of course it will keep your assets safe .

manishanand

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Actually, I don't think the people are noobs if they do not enter a new exchange just because they are offering free trading fees. Many exchanges are a scam but definitely, we can go for popular exchange events.

Caladonian

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Quote from: Coin-Desk on March 06, 2019, 12:26:12 AM

Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.

Thank you.

Noobs don't have patiences, they didn't use their time properly to get more involved with those coins/assets that they are investing with, we have
to free up our mindset each time we deal with this business, mistakes can't be avoided as the market is fluctuating back and forth without proper
understanding we will just fall to panic when the market go downwards.

Like what you have said, it should be remember that it's not all about money but it should also be taken as an investment to gain more knowledge
and edge for much better deal in your future trade.

Coin-Desk

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Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.

Thank you.

lablab03

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Quote from: ikicha on February 13, 2019, 04:53:04 PM

Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.

. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao

WillyZ

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A lot of noobs don't consider security as well. They keep their funds on exchanges even when they are going for the long run. I wouldn't trust exchanges to keep all of my crypto earnings, I have seen too many articles about people losing their funds because of exchanges getting hacked or breached. Recently I came across BitWings and their smartphones. They have designed their phones specially for crypto people with security features like biometric scanning, neural technology and data encryption, and it also should be able to mine up to 2 ETH per month. Instead of keeping my funds on exchanges, I would suggest a secure device, like a separate PC that's not connected to the internet, cold storage wallet or the phones by Bitwings. Just my 0.02

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