Topic: 2 Reasons Noobs Fail At Trading - page 3. (Read 741 times)
Its a good points, and it need to be implemented, but when I started to learn about trading, the first lesson is to learn how to control your emotion, try to read the chart and follow the signal group for reference, always exchange in the big and reputable site, stop loss is one of the strategy that need to be learn, but for fee I don't think that is too important when you just start to trade, when you already good and want to trade big, then you need to compare the fee, but don't only look at the fee, always look for the exchanges reputation
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Traders mainly ask the opinion of other traders that have decent experience in this sector. A crowd looks for accumulation points where others put their order. This is called "bandwagon effect" and unsurprisingly it works like a charm. This is the key reason why fake breakouts happen so often and new traders fall to this trap for obvious reasons. Crypto trading is not different and the same rules are also actual in this market. Might be a noob reason to someone but I see it's way better for me that people experienced those.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
Yes, every trader should experience those things in order to gain insights on how to do it right next time.
If they will not experience it first-hand, it is hard to explain what they need to do.
Better find their own strategies when such situation comes again.
Technical know-how is a good guide when you are in trading but most of the time it is your acquired skills or knowledge that will help you out in the situation particularly on those pumpndump coins or mn coins.
You don't need technical knowledge when you trade them. It is on what extent you know that coin, the development and their marketing plans.
Whatsoever the features might be, if the predictions about the market happens away in reality there'll be loss. Some overcome with alternate plans that were ready to get into the market, most being the plan of diversifying the assets. Even professionals fail, because cryptocurrency isn't same as other markets.
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
Your post makes no sense to me. If you are going to put such idiotic shitposts all day then you should stop wearing a paid signature and learn proper English before resuming. 
Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.
This can happen when you have some person giving you "advice" on how to buy and sell. They are typically getting fed with Bullshit propaganda by this "advisor" and pumping their shitcoin with their hard earned money so that the advisor can cash out in the meantime and the person is left bagholding some poopcoin. Nothing new in this market and its a very popular scam method to make money as well - but I do not like that and I advise people not to fall for such traps.
Those are the most basic mistakes. They often suffer losses when not using the stoploss command. It is an essential command for a professional trader.
Besides, they are impatient in investing. they are often scared when the price of the coin has just gone down 1-3%. then they often tend to sell it and wait for lower prices to buy. that's the worst strategy I've ever known and they often make mistakes at that point.
Besides, they are impatient in investing. they are often scared when the price of the coin has just gone down 1-3%. then they often tend to sell it and wait for lower prices to buy. that's the worst strategy I've ever known and they often make mistakes at that point.
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)
You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades.1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.
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)
You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
I am destroyed by thay.
Going in an out and also the .12 fees from some of the big trading websites while there are some who just takes a little chip out of you.
Somehow they will learn that thru experience but it is also good if they read this first hand.
Other types of trading will somehow be hard to explain, they will need to be hands on. Learned from that hard path.
Going in an out and also the .12 fees from some of the big trading websites while there are some who just takes a little chip out of you.
Somehow they will learn that thru experience but it is also good if they read this first hand.
Other types of trading will somehow be hard to explain, they will need to be hands on. Learned from that hard path.
I think sometimes it is very important we allowed people to learn this market themselves because of the emotions they have to developed. Fear and greed is always the major reason why people lose money in cryptocurrencies market especially the newbies.
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Well, making losses while trading crypto currency is not only limited to noobs as you rightly said but even those who believe they are expats equally make losses while trading crypto currency. The volatility of the market is one of the major factor leading to such lost of trade.
Oh Jesus I hate these topics. They look like they are legit topics and the discussion seems so great but than it turns out its just advertisement. You think one of the reasons why noobs fail because they do not select your newly established and affiliate linked exchange that you would hopefully make a quick cent from the people who click on it.
No noobs fail because they don't any better and click your links thinking your exchange is any better than all other exchanges whereas all the professional traders are out there using bitmex or binance and not using yours.
If not using your exchange was an issue it wouldn't be a noob issue it would be all of crypto because its not even remotely close to the top dogs. Stop abusing noobs and trying to collect money from the affiliate links and actually start a discussion without any ads.
No noobs fail because they don't any better and click your links thinking your exchange is any better than all other exchanges whereas all the professional traders are out there using bitmex or binance and not using yours.
If not using your exchange was an issue it wouldn't be a noob issue it would be all of crypto because its not even remotely close to the top dogs. Stop abusing noobs and trying to collect money from the affiliate links and actually start a discussion without any ads.
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)
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
I don't think new traders will know about discounted trading platforms or functions and know about stop losses. Because I remember in my early time as a new trader, I am confused to place a buy and sell order and makes me place in a wrong buy price, and even it happens too with the selling price. And after I realize my mistake, I fix my trading and slowly, I can reach a profit which makes me happy to see my first profit.
I think soon, and the new traders will learn about what is their mistake and try to fix like what I did before. But that is only for traders who want to try to trade and want to learn more about trading. It's not easy to understand the function, but with learning, I believe someone can get benefits from his lesson.
I think the main reason is to leave everything to chance, or think it will go up because I think it will, or by the form of the graph take decisions, and the most prevalent reason is to have no idea or any basis for analysis, if at least read a good book, before going to the graph could have some idea of how it is that the Offer-Dema moves to make decisions, and educate yourself at least a little, it would be an investment of knowledge only of book reading, thus guaranteeing a criterion based on a recognized author.
These arent actually the reasons hence, noob traders shouldnt really rush up on day or short trading yet these are one of the most difficult way on making profit thru active trades.
Most technicals can learned along the way when you do trade and these stop losses are helpful depending on your risk reward ratio. Failure will always matter on emotion or on how you
do execute your trades.
Most technicals can learned along the way when you do trade and these stop losses are helpful depending on your risk reward ratio. Failure will always matter on emotion or on how you
do execute your trades.
Emotions and Risk Management.
Emotion control is not something I would expect from those who have entered the market to get rich in a day trading some shitcoin. Trust me majority of the rekt crew out there are doing this and getting even more rekt before they know it. Long term holders and sellers who dumped at pumps and rejoicing dumping on these bamboozled idiots.Risk management is again something that noobs wont know at all. If they did then they would not be wasting time on trading pennycoins but become a professional trader or a financial advisory.
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
Its not always important to cash out a profit. You can set a certain price for selling and then go to sleep if you bullish on that coin. 
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
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