Data suggesting more than 95% traders are losing - page 7.

CryptopreneurBrainboss

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Quote from: Charles-Tim on March 03, 2021, 05:26:42 PM

This is not about what you feel about trading, it is about what has happened to you, maybe you have lost to trading, or you are gaining from trading.

I doubt there's a trader out there that haven't both lost and gained from trading, for you to call yourself a trader you must have experienced both as they help in building you in your trading profession. The reason the numbers are high is because we have noobs coming into the industry daily and jumps right into trading without having any prior knowledge and for those with the knowledge, they lack the experience of trading the crypto market.

The cryptocurency market is different, her volatility isn't like any other which is why many experience traders in other market still find it hard to cope here. Personally I have lost quite a huge amount of money from trading as well have many same too. You can be on one side although you should always make us your profits are higher than your losses, that's what makes you a successful trader.

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Quote from: Charles-Tim on March 03, 2021, 05:26:42 PM

It is surprising what I saw about trading, that 95% of traders are losing, this was not what I even thought before, I was considering 75% of traders, but no research paper exists that proves this number right while some suggesting that the actual figure is much, much higher.

This poll are strictly for traders, it is clear that holding bitcoin and some other strong altcoins in the past did not later result to loss, unless the people that sold out of panic, because the price of these crypto assets increased back. So, this poll are only for traders, for us to know how trading is risky.

This is not about what you feel about trading, it is about what has happened to you, maybe you have lost to trading, or you are gaining from trading.

https://tradeciety.com/24-statistics-why-most-traders-lose-money/

I traded for a time, now I am just a holder and I earned some money back then, not much but it is better than losing, however I think that what happens is that this market is even harder than other markets, the volatility is greater and while it can play in your favour that is only true if you know what you are doing, another factor is that newbies tend to want to become day traders which is by far the most difficult way to trade and finally when we add leverage to the mix I think this explains why trading is producing such a high number of losing traders.

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Quote from: GreatArkansas on March 03, 2021, 09:01:42 PM

The data shows how important for a trader to stay longer. In short, preserving capital will result of staying on the run longer.
The chart is extremely true, that's why some successful traders keep saying how important risk management is and preserving the capital.
The game is likely how you will survive in the long term.

It's funny but somehow I realized that the earlier you quit trading, the smaller your loss is. I'm referring at least to day trading. I guess it is easy to find data that prove many hodlers end up more profitable than active traders.

Trading is oftentimes overhyped and even presented oversimplified as if it is the secret for easy money. The moment they begin to get into it and realized that it is hard and complicated as it is stressful, they quit.

Lucky for those who stayed on and just shifted to hodling. Those who quit altogether, especially during the most bearish of days, will face regret in the end.

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Quote from: GreatArkansas on March 03, 2021, 09:01:42 PM

The data shows how important for a trader to stay longer. In short, preserving capital will result of staying on the run longer.

Here’s Why 99% of People Fail to Replicate Warren Buffett’s Strategy When Investing. They fail with their strategies and don't have clear intention on what they're doing and will do. Flips between investment and tradings as they want to get rich very quickly.

Quote

One day, Jeff Bezos, the founder of Amazon, asked Warren Buffett in person about this point:
“Warren, your investment thesis is so simple, and yet so brilliant. Why doesn’t everyone just copy you?”
The question asked by Jeff Bezos is the question everyone is asking. So the answer is important to many people.
Warren Buffett simply replied:
“Because nobody wants to get rich slow”.

Quote

The chart is extremely true, that's why some successful traders keep saying how important risk management is and preserving the capital.
The game is likely how you will survive in the long term.

In crypto market, you can get rich quickly, double, tripple, x10, x20 but you will face with quick losses as well. Everyone who enjoyed the bull market in 2017 and early 2018 and witnessed the bear market from 2018 to very late of 2019 do know how it goes.

A trader will not have a happy ending if don't know how to protect capital. How?

Exit positions with a draw or even minor losses
Split these parts for initial capital and temporary earned profits. The second part can be used with more risky taste but the first part should be kept as much safely as possible.

GreatArkansas

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The data shows how important for a trader to stay longer. In short, preserving capital will result of staying on the run longer.
The chart is extremely true, that's why some successful traders keep saying how important risk management is and preserving the capital.
The game is likely how you will survive in the long term.

Charles-Tim

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It is surprising what I saw about trading, that 95% of traders are losing, this was not what I even thought before, I was considering 75% of traders, but no research paper exists that proves this number right while some suggesting that the actual figure is much, much higher.

This poll are strictly for traders, it is clear that holding bitcoin and some other strong altcoins in the past did not later result to loss, unless the people that sold out of panic, because the price of these crypto assets increased back. So, this poll are only for traders, for us to know how trading is risky.

This is not about what you feel about trading, it is about what has happened to you, maybe you have lost to trading, or you are gaining from trading.

https://tradeciety.com/24-statistics-why-most-traders-lose-money/

Topic: Data suggesting more than 95% traders are losing - page 7. (Read 1178 times)