Most Traders are Not Profitable - page 11.

justdimin

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Quote from: Issa56 on November 29, 2023, 08:07:54 AM

Quote from: mvdheuvel1983 on November 28, 2023, 05:02:07 PM

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable.

Its obvious that not everyone that call themselves professional traders are really making money. most of the people that call themselves professional traders are fake, whenever i see videos on YouTube and those people are calling themselves professional traders i just shake my head and laugh, i know most of them are posting those videos because of views and subscribers. That's why you will notice that most videos on YouTube will only show when they are in profits but will never post when they are at loss. Don't be deceived by the videos you see on YouTube, most of them are after their money.

Whenever I see someone claiming to be a professional trader and those people are still offering paid trading signals, I do believe they are not really a professional trader. If you are a real trader and you are making cool money in trading, you won't be wasting your time forcing people to join your group for signals. I have seen real professional traders organize seminars just to teach how to trade for free, they don't collect any amount from members that are interested, those are the real people I know they are making money from trading, and they want to impact others.

They are really not professional traders, the yare just signal sellers, that's their professional business. They do not make much money from trading, which means you will not make profit from following them, the real amount they make and their income is the signal payers, people who pay for signals make for their living. I have seen people who had over ten thousand followers, nearly all of them paid, and that means they made hundreds of thousands of dollars, and all he did was arrange a bot to post a message on a telegram group when something happens with an indicator, that's it.

This is why it's quite obvious that we are talking about people who have absolutely no idea, and they are not professional traders. If this dude was a professional trader, he could have taken that money and doubled it, and if not then they are going to end up being terrible for long time. I get that we may not see the situation changing a bit, but I think it should be a lot more important.

Hamza2424

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OP, Your concern is really legitimate, I do consider that a maximum of the professionals make money through other means and a maximum of the means are aforementioned by the OP. Trading is not that easy if a person is making money at the start of their trading journey means he has something big to face later on, if a person faces difficulties at the start of his journey and is still stuck with the market somehow surviving for sure he'll be a good trader.

Trading is not like a straight way, it's really a very stressful skill if you are highly reliant on it. If a person has already serviced a cycle or more with his trading career without any doubt, you can consider him as your legit mentor, these YouTube analysts and traders most of the time trade with borrowed money and course content on the name of signals, courses, and paid sponsorships. So cant say they are having a top-notch trading skills.

taufik123

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95% of all traders fail is the most commonly used statistic as a percentage of traders who experience losses.
Even this percentage can be more, there are only a few traders who are able to survive with profits and most day traders get losses.
80% of day traders will only survive in the first 2 years and almost 40% of day traders will survive for one month and the others will only be left with the dream of getting rich quick by day trading.

If day trading cannot always be expected, and they use other methods to earn income such as YouTube ads and affiliates,
it is another method that will camouflage a trade to look successful, but in reality there is another business behind it.

shawonngp

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Most of traders in loses but i think this percentage are not 95%, i am also short term traders and i agree that now i lost big amount in last two months.
Short term traders have to take big risk, if it will work profit is also big. If most of traders are lost their money so they are trying earn money from other sources.

Issa56

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Quote from: mvdheuvel1983 on November 28, 2023, 05:02:07 PM

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable.

Its obvious that not everyone that call themselves professional traders are really making money. most of the people that call themselves professional traders are fake, whenever i see videos on YouTube and those people are calling themselves professional traders i just shake my head and laugh, i know most of them are posting those videos because of views and subscribers. That's why you will notice that most videos on YouTube will only show when they are in profits but will never post when they are at loss. Don't be deceived by the videos you see on YouTube, most of them are after their money.

Whenever I see someone claiming to be a professional trader and those people are still offering paid trading signals, I do believe they are not really a professional trader. If you are a real trader and you are making cool money in trading, you won't be wasting your time forcing people to join your group for signals. I have seen real professional traders organize seminars just to teach how to trade for free, they don't collect any amount from members that are interested, those are the real people I know they are making money from trading, and they want to impact others.

knowngunman

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Quote from: Oshosondy on November 28, 2023, 05:17:52 PM

Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.

I can not agree less with you on this because I personally view both trading and gambling the same thing because that's exactly what they are; they both involve taking risk with your funds. The differences are not much although trading gives one more over their funds than the way gambling does. I mean in trading you can control your aspect of trade by knowing when to enter or exit trade when it's not favorable. And again, gambling solely rely on luck but trading can be learn through constant practice.

To op discussion, I agree most of the traders are not making profits as they flaunt on social media but that figure is inflated. The percentage of those making profits should be more than what is shown in your post. It's not longer surprising that majority of the acclaimed traders with social media page and handle are using it to attract traffic and create impressions but in real sense, they are losing low key and that's if they trade at all.

MusaMohamed

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Quote from: tjtonmoy on November 29, 2023, 04:34:20 AM

Trading is not for everyone mate. In trading, profits and losses are both a part of it. It depends on your ability to make it work out. Always remember that your loss is someone else's profit and their loss is your profit. Given the fact that the crypto market is quite uncertain, we can never predict the future 100% accurately and thus, we may lose it all.

The market is a zero sum game and money flows inside it from losers to winners. There is no market in which you find only losers or only winners. There must be winners and losers exist together in a same market to make it an actual market.

If you make mistake, someone else wins and gets profit. If you make profit, you have to know that profit comes from someone else loses their money.

It's true that trading is very risky and people have to pay a lot of cost, money to learn from trading. The painful fact is even they trade a lot, spend a lot of time and money in loss, they might not become successful traders. There is more easily way than trading, it's investing. Invest in Bitcoin will help investors to get profit if they do it a long time like few years. If failed traders can change to be long term investors and choose Bitcoin for investment, they will become successful ones.

tjtonmoy

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Trading is not for everyone mate. In trading, profits and losses are both a part of it. It depends on your ability to make it work out. Always remember that your loss is someone else's profit and their loss is your profit. Given the fact that the crypto market is quite uncertain, we can never predict the future 100% accurately and thus, we may lose it all.

I can read a book and make its writing as a content script for a YouTube video. Nothing is stopping me from doing that. All I need is the view, not the experience in trading. You can share knowledge without having any actual experience. This is why many are losing in trading. They have gained the knowledge but not the experience. And they follow those other traders rather than doing it on their own. And those so-called social influencer traders have found other ways to earn money as you mentioned. That's why they never focus on improving themselves. Thus, their followers stay the same.

Baki202

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Quote from: Johnyz on November 28, 2023, 05:53:42 PM

Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.

most people want to do what others are doing and forget that everyone has a different destiny I know is always good not to give up but forget that if trading does not favor and the person is still interested in Bitcoin you can just hold instead of give to much attention to what does not favor you since all are still part of investment in bitcoin but some people if they trade and it is not favoring them they will keep trading and to me it is a waste of money. and trading is not about buying and selling alone you should not what you doing know what to do and what not to do. I don't know how to do analysis but getting it from channels if it helps then it is good because it is always good to learn from others.

Yamane_Keto

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Defining success does not mean that you are not looking for another way to make an income. Does working in my job alongside signature campaigns alongside additional work mean that my job is a failure or that signature campaigns are useless? of course not.
You can say that trading does not bring in enough cash as a full-time job, but these people may not consider trading as a job, but rather as a long-term investment or a way to retire early. creating videos on YouTube does not only achieve a financial return, but rather opens more doors, as fame and relationships give money more than ads.

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Quote from: mvdheuvel1983 on November 28, 2023, 05:02:07 PM

- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.

Those who have built channels for teaching trading and even selling merchandise to make a profit, of course, their target is not the trading they share. This kind of group even has the potential to collaborate with several shitcoin projects to increase the popularity of new projects.
I don't know how accurate the signal being shared is. because if the signal is inaccurate enough, I'm sure their current followers will also decrease. For novice traders, what they hope for is profit from the signals provided. and it becomes very instantaneous for beginners who are much less confident in their own analysis.

Fuso.hp

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If you say 95% of traders lose trading then I will tell you that your calculations must be wrong because if 95% of traders were losing trading then people would never have traded so much. Profits and losses are a part of business and before trading you need to accept that your business can have profits as well as losses. Now if I am doing business and if that business is making loss regularly then after some time we will not do that business anymore because no one wants to do business with loss. Traders definitely make losses in their trading, but it is temporary, if you can be patient for a while, then I think a trader can recover that loss and see the face of profit again. The loss is temporary, but if you can hold on, the chances of profit are high.

pooya87

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You are correct, however I wouldn't refer to the Youtubers as "traders" because it is obvious that what they are doing is not making money from trades. They are making money from their followers as you've already observed.

When it comes to actual traders, even the novice ones, their trades are a lot more profitable than just 5%. Simply because if it were any other way they would have left trading a long time ago as they'd ran out of money to trade with.

barisbilgili

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Quote from: Johnyz on November 28, 2023, 05:53:42 PM

Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.

If we want to make money through trading then we have to really master it well and be able to analyze the market well so that we don't make a mistake in deciding to choose the right type of coin to buy in order to make a profit from trading.
Of course, the thing that really doesn't make sense is if those who create trading channels and they experience losses in the trading they do, it is important for us before trading to be able to understand it well in order to reduce the risk of losses that we will incur.

Strongkored

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I agree that actually there are many traders who lose money than those who can still be profitable, but in my opinion, the percentage is not that high but indeed there are more people who lose than they make a profit, that's why more experts recommend investing than trading because it's difficult to always make profit in the short term and trading is not always suitable for everyone, even though knowledge about trading is deep enough, it is not a guarantee of success, especially in crypto which is always full of surprises where the market can change very quickly.

lombok

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I also know this fact, and from several observations of traders who have a signal group, VIP, courses and so on. When I read your thread to the end I became increasingly convinced that this was very likely to happen according to the facts. I suspected this when the owner of the signal group experienced large losses when the market experienced a reversal followed by its members sometimes experiencing liquid/margin calls. Of course, what makes them survive is because these traders still have a lot of funds saved from the withdrawals of their members' funds. Besides that, if they open a copy trade, the results they get will also be bigger and clearer than the trade they made.

I tend to see that a true pro trader will focus on their trading.

peter0425

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Quote from: mvdheuvel1983 on November 28, 2023, 05:02:07 PM

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads

- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.

The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.

Like what have been reading from long time and also my stand , that trading is not for everyone and that is the reason why many of those who called themselves a trader has their Youtube channels or yeah other affiliation program to generate them income to at least cover their losses from trading.
there are many of my friends that is still in trading but yeah it maybe have profit but not as high as how we can make our family eat best food in the table.
so if you wanna trade then better to have other side of profiteering because if not then you may not last that long in crypto market .

poodle63

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its always very small amount of people could gain success same thing with trader, not to mention when you think about those whales that god insiders info and also big capital you would instantly think that they've got the advantage.
we all know that those so called trader influencers are just trying to make money off advertisement and that juicy commission fee therefore many people that don't recommend to follow those influencer's every financial advice because they themselves most frequently profitting off the commission from referal fee.
I've seen many that started career in trading also many that don't make it and those that fail make up majority number of traders.

Assface16678

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True!!! So very true, many traders especially those who market themselves in social media showing luxury life claiming that they did it because of solely trading but in reality most of them are just attracting people to join in their group, that's one of their scheme, showing how luxurious they are then attracting potential customer to avail their courses or seminars, at first they will say that the seminar is free but eventually will offer you something like subscription, because mostly the free seminar are all about them flexing their so called achievements and all about the services that they offer but about trading there are little knowledge that they share, but we can't blame because its their way of living, but yeah not all we see in social media about successful people with luxurious life are not all true its part of their marketing, some true successful and true traders are lowkey because trading is not easy like what those social media traders imply.

jeraldskie11

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Quote from: Johnyz on November 28, 2023, 05:53:42 PM

Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.

Honestly, it's very possible to convince someone even you are not profitable in trading. It's because not all of our trades are lose trades. I have seen a trader who have a YouTube channel and made a breakdown of their winning trades but suddenly he disappear because he doesn't posted new content in his channel. It convince a lot of people because he is good at making content and he accumulate many followers in just a month. However, profit from making is not enough to cover your loses in trading, maybe it's one of the reason that he is not making content anymore.

Topic: Most Traders are Not Profitable - page 11. (Read 1540 times)