2 Reasons Noobs Fail At Trading - page 4.

lovesybitz

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Quote from: AnimeKingman on February 13, 2019, 03:56:28 PM

Quote from: ikicha on February 13, 2019, 03:53:04 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.

Thats the most annoying thing in the damn world hahaha; thats why I usually set mine a little lower than I am comfortable with; still though Nauticus not having this is a hassle and a half. Angry

That's why trading called unpredictable market, actually even the expert one failed to analyze the actual graph in the platform.
Therefore, if they failed on it how much more the newbies, isn't right? So that most traders became a bullish to minimize their
loss of coins.

CryptoMobster

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Quote from: Solondrado on February 12, 2019, 07:44:09 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

Emotions and Risk Management.

I disagree with both of yours

TheUltraElite

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Quote from: Razerglass on February 18, 2019, 02:09:28 PM

You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies.

There are divided opinions regarding this. All the market studies are based on some speculation concepts. They are not wrong but they run theoretically and practically. But traders know that every point of TA would not be true from start to end. There will be fluctuations and it is more of a possible prediction of a trend. Do not depend totally on TA because its always 50-50 chance.

Quote

What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news.

Where exactly would you hedge your funds? Unless you have access to a large volume of liquid cash for cashing out crypto and holding fiat or precious metals or bonds you have no method to hedge your money here. Also do not trust any third party site functioning as a hedge fund.

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Quote from: Solondrado on February 12, 2019, 07:44:09 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

You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies. What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news.

BitcoinTurk

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I think that both of the reasons you mentioned are actually reaching the same result because if the detail is given the first reason, the description will be bound to the second reason. On the other hand, I think that these elements are very accurate, and many people often fail because of these features and features. It is a fact that every trader who does not know how to use stop loss will not be one step further than amateur.

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Quote from: KlifDonats on February 18, 2019, 08:57:51 AM

beginner traders often have a hard time understanding how the market works and a lot of them so emotional and want to make money asap. It's a big mistake I guess.

Its a big mistake for them to step into trading without doing any research. I have seen people talk about being experts in trading when they dont even understand how market indicators work. These kids think they can get rich in one or two days of watching the market and taking the pump and dumps while they dont understand what is going on deep down.

The whales will be the ones who will feed when these people panic sell or panic buy. Then these idiots will be the same people calling crypto a scam and going away. Sad

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Quote from: justdimin on February 13, 2019, 04:04:22 PM

I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.

yeah even experts sometimes making mistakes because no one is perfect especially on this kind of market which is very unpredictable and so volatile. I believe it's about strategy and knowledge in order to become successful. but unfortunately doing mistakes always happened without knowing especially if you're greedy and very emotional in any situation that always occur.

jhonjhon

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Quote from: Hivalley on February 18, 2019, 09:41:07 AM

Those reasons can affect anyone,whether newbie or veteran,no one is free from trading flaws, we've all made one mistake or the other at one point and it could be down to many reasons other than this two you mentioned.
Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it

They aren't controlling their emotions and might don't have enough knowledge of what their doing.
We all are subjects for failures but we can minimize it into the highest level if we do it patiently and never get rush into trading. Noobs have a lot of thing to learn and they actually made up hardly.

creeps

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Quote from: shitcoinoffering on February 14, 2019, 10:01:16 AM

Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope

This summarize it all without advertising anything.

There is no noob newbies, because they are just newbies and its normal for them to lose, noobs are those who knows what to do and yet chooses the wrong way. In trading your emotion is very important, you can use it to save you from losing and use it to gain more profit.

Hivalley

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Those reasons can affect anyone,whether newbie or veteran,no one is free from trading flaws, we've all made one mistake or the other at one point and it could be down to many reasons other than this two you mentioned.
Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it

Pursuer

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lol, neither of those reasons even make sense to a newbie. the only reason why they fail is because they have no idea what they are doing and also a great percentage of them are actually following some bullshit on the internet which usually comes from some pump and dumper who wants to dump on their head.

also stop advertising your website like this. all you are doing is that you are making it look bad, in other words right now you look so desperate for some customer that you have to spam your link everywhere inside nonsensical topics like this.

KlifDonats

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beginner traders often have a hard time understanding how the market works and a lot of them so emotional and want to make money asap. It's a big mistake I guess.

beerlover

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This topic is seeming like a well-designed for the purpose of promoting some exchanges and not intended for actual discussion on what and why noob traders are failing in trading.

Unlike what OP is stating, the fees for trading in most exchange is always negligible hence we never need to look for any discounts. At least this way I am trading in cryptos for last 3 to 4 years. Moreover, major exchanges are providing discounts based on trading volume hence for both low and high level traders fee is not at all a concern.

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Quote from: Solondrado on February 12, 2019, 07:44:09 PM

Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC .

I believe the main reason you created this thread is to promote these exchange and I wonder why you are trying so hard to promote these exchanges? Are you the owner of the exchange? Are you part of the exchange team?

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Matthewmorris4

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Quote from: Solondrado on February 12, 2019, 07:44:09 PM

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

-The discount on the trading platform actually has no impact in this case, how can fees affect your trading profit? maybe it can happen if you only use 10 $ for trading
- Stop losses is only a feature using this one if you're not ready to fall deeper

Peashooter

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Quote from: shitcoinoffering on February 14, 2019, 10:01:16 AM

Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope

The biggest reason why some people failed in the trading is they can't controlled their emotion especially if the market are down. If you can't handle your emotion do not invest in any cryptocurrencies because you can't huge income if you can manage or handle your emotion.

shitcoinoffering

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Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope

Distinctin

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Quote from: kolesozw on February 13, 2019, 05:48:46 PM

I think most day traders fail for one main reason: they are too eager to trade EVERY day. They forget that they are not obligated to trade every single day like institutional traders and they can stop, think and rest.

Others are standard reasons like FOMO, bad money management, etc. I count not taking trading fee discounts as bad money management...

Lack of patient and emotions will simply contributes huge failures to any of us. We are sometimes like that especially when we are out of focus and we didn't realize that we are losing instead of making profits.
We even speculate more but the market aren't get in favor to us, we even easily to give because they fails of what we expected to happen and sell our coins in cheap price. It absolutely, we are not doing anything to help our funds to grow but to end up early.

Kemarit

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Quote from: Solondrado on February 12, 2019, 07:44:09 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

Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC

LOL, nice way to advertised your exchange here, Grin

Anyways, noobs fail at trading because they're simply noobs. They really need to get more experienced and you will on acquire it if you have been in the system in the long run. I don't mind making mistakes as a beginner so that I will learn a lot. The problem with noobs is that it seems they don't learn from their past mistakes and keep repeating it until they're burn out, just saying.

wuvdoll

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Quote from: justdimin on February 13, 2019, 04:04:22 PM

I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.

How often you are failing or how effectively you are minimizing your losses are the key whether you are a noob or professional trader. The two points mentioned by OP are insignificant as even professional traders too may not mind them. Trading fees are insignificant factor for choosing your exchange and stoploss is not at needed when you trade a reputed coins.

For the case of long term bitcoin trading, I do not need to depend on any exchange also I never worry about stoploss even currently I am holding my bitcoins without booking profits from $19k to $3.5k because I bought my bitcoins around $500 levels in 2016. You may call me noob for missing out x30 profits or at least x10 of profits when bitcoin was trading around $6k levels for long time but I am sure I never need to sell bitcoins as I may going to use them for the values in millions in my corner shop.

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