Topic: Most Traders are Not Profitable - page 13. (Read 2360 times)

If they could just use the money for long term investing and not trading then they could have made so much profit but because they insist on making money by trading they end up losing it all, I think that's the problem and should be considered a bigger deal than what we think. I understand that we may not think that this is a big deal, but at the end of the day we are going to end up with thinking that it is going to be fine and we trade with that mindset, thinking we will be fine.

If we are not fine that's a big deal and we end up losing and then we try to recover and make even bigger mistakes and lose even more money, that is why it is quite risky and dangerous and we should not be doing something like that at all, we should be careful.

I think at the start their analysis will be as bad as following others, and that's why they worry about not doing it themselves. If you worked really hard to figure out what you should buy and the moment you buy it goes down then you would feel sad about it as well, so I understand why they think someone else could be better than them.

But the reality is that on the long term they are making a mistake, because when they first start they will be bad, maybe even worse than what others can help them with so they are right, but then if they keep going, others will be much worse and make them lose money whereas if they insist then their analysis will get better and they will start making a lot more money. This is why I suggest newbies to make mistakes, it will make them lose some money that is true, but that doesn't mean that we are going to see them keep losing forever, eventually they will start to make some money from it as well given enough time.

traders who make consistent profit or who are from those 5% will not be found on forums, youtube channel, telegram, etc.
because they don't have time and interest in selling their courses or secrets which not one will share easily, I have seen youtubers sharing fake PNL statements but there are lot of them.

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and so called professional are youtubers who are "professional" in trading because that is the way of their earnings that how they get there content to post on youtuber or any other platform.

On the time that they are seeing someone who are really that making money then they would really be that rushing up on trying out to learn up right away or engage into it which it is really that something a very common behavior into those people who are really that get easily addicted into it. Most traders we do say are indeed not profitable but doesnt mean that there wont really be people who are really that making profits too. It is really just that profitability will really that varying into someones capabilities when it comes to trading on which it does really count in speaking about knowledge and skills.

Those people who are really just that making those kind of learning on a very fast pace way because they are really that rushing up trying to learn it up then sooner or later
they would really be able to realize that it was never been that easy in the first place and it would really be taking up for some time before they would really be
having a good grasps into it. Everything takes time to learn up specially on trading on which its never been that so simple.

To be honest, I think most people lose money in trading but many people can make a lot of profit. I have seen many people lose in business and many people can succeed because it is the type of business. When a person starts his new business he must acquire skills and experience in order to be successful so that he can be profitable. Also most of the people are not profitable and successful in the business field, they must acquire good knowledge in these matters only then they can be successful. There are many people around us who start business hoping for high profit and they are not very successful but many people want to start business after watching various YouTube videos they are mostly not successful. People also make videos about trading to earn money in different ways including youtube channel but if they were right they would never make such videos but start trading business. So most people get lost in trading and very few can succeed and profit.

more beginners are too hasty to start trading. with very little knowledge about trading, they take such a big risk to start trading. Of course, that will only result in several consecutive losses. after being quite satisfied with the loss, I think it is enough to provide experience to learn more before starting again.
However, some beginners still feel that it is not good to trade using their analysis. but instead believe more and follow trading signals. that's what happened.

It means that trading is not just all about money (capital) but also, strategies, knowledge, and skills. Without these things, no way we could earn a profit but just losses only. That is why a lot of traders end up losing and quitting because they don't have any of those things, they don't even know how trading works, or how much more to do in actual trade. That is why they don't have a reason to succeed or even blame the market because only those who are skilled enough and have the urge to change their behavior will win.

There are really things which arent meant for us no matter how hard we do and this is something which we should really be that versatile on whatever things do happen along the way.
We wont really be able to know unless we do try and this is why it is really that important that we should really be that prepared on whatever risks or outcome that it might bring.
Its true that in a market not all would really be profitable because if there's one who do make money, then there's other one who do lost up money on the other side on which this is something a
very normal condition or situation.

If you wont really be that making yourself that good in trading then you wont really be able to sustain. There's no way that you would be able to survive but of course
few mistakes or errors doesnt automatically means that trading isnt for you. It would really be just that normal that errors and mistakes would really be obtained along the way.

People need to understand that trading isn't rocket science, and it's easily learnable if you dedicate some time to it and open your mind regarding it. There are thousands of free resources available for someone willing to learn trading and master all trading techniques and practices. So, instead of paying someone to guide you, you should learn everything first and then do your trading yourself. You could save a lot of money if you had done this instead of hiring someone, the amount you paid to him could have been used for trading initially, and even if it was lost, you would have gained a lot of experience.

Traders can stay profitable if they have enough knowledge and experience about the market and every single cryptocurrency they trade in because when you know everything, you will be able to determine the windows in which you will need to make your trades, even if some of your trades don't go right, you will still be able to make more successful trades than the failed ones.

Well said, but I don't think there will be a right-sensed person who would just venture into trading and investment without any fundamental learning. If done, the regret will be the case, and I love the fact that you didn't totally disregard copy trading like many would do, as many are indeed making money from it. Trading can be done in many ways, you may decide to trade yourself if you have the time, passion and experience that can make you earn from it, and you might decide to link your account with another trader or get signals from external sources, it doesn't matter. What matters is how your trading and investments are progressing, and it takes a whole lot of time to achieve that. I've heard people arguing many times that it's better to learn and trade yourself, but you know what, I always laugh because I have vast experience in trading. People do not have the same level of idleness in life, some don't even have time, while some don't have the experience and never will no matter how hard they learn. In this view, why not get help if you can't do it yourself? For sure, not everyone will profit from the market as the market is not designed for the nature and living style of everyone.

But not everyone is responsible or truly intends to help others. Most of them just take advantage of people who don't know anything for their own benefit. I often visit paid channels that claim to offer courses. But when I see the content, the knowledge they provide is exactly the same as what we can see on YouTube channels or we can search on the search page.
Yes I know they also get money by doing that, but I just feel sorry for people who don't know anything or are used by them for personal gain.

        -  We know that most of the traders who have an understanding and knowledge of trading are the ones who benefit greatly or get a profit from trading. That's why it's obvious that most of those who don't benefit or get profit are those who don't know the basic trading lesson here in the crypto space.

Let's not be like other newbies who don't know anything and just jump into copy trading; it's better and better because we discover our own strategy so that we can get profit in this trading industry.

Perhaps, they have the right mindset about trading but their approach is somewhat wrong, and they think that it is easy. The lack of knowledge and experience is a reason why they fail. That is why we should encourage them to make a priority in learning first rather than thinking about earning quickly because profit is not difficult if we have already good knowledge about trading. And of course, we stop following these influencers but instead, carry ourselves to learn more and discover strategies that will help us grow.

It's simple: traders who don't become profitable in trading are obviously ignorant and need to learn more about crypto trading. We know that trading is not easy to learn here; it really takes time before we have an idea here, to be honest.

Just start with the basics and then gradually learn the description of each indicator used in the trading exchange platform, such as candlestick, timeframe, and so on.

Those are kinds of strategy how you will sell your service and knowledge those people know is an efficient way of using social media as one of the possible sources of income if you know in yourself that you have the confidence to make an earning with that knowledge and skills why not use this as your source of income too, that's how smart people work for the money. Don't settle with just one source of income so they make a strategic way but of course make sure that you are teaching others with the knowledge that's they will learn and not just basic that anyone can understand and people paying you for just the basics.

While another category of new traders have a mindset of getting rich in trading because they are being influenced by photoshopped profits results online hoping to replicate it once they started trading unfortunately ended up on a losing side, experience traders hardly shows their presence because they keep on learning everyday, studying the chart constantly thus it won't be easy for any new trader to instantly start earning profit in trading this constitute majority of the 95% traders who are losers, consistency in earning profit in trading comes with many years of learning, studying and trading with losses and subsequently amend any mistakes in trading.

Most people in that they don't want to learn and that is what is influencing their losses because if you take a look at does people that actually do their trading professionally you notice that they even have books that they read its not just about trading. And their are styles that professionals use, their are plenty things to learn is not just about knowing and jumping to start trading, and if you follow what the social media is showing then you want learn because all you will be after always is just the profit.

Well, I could agree that the majority of the traders are not quite making good, most are experiencing losses rather than making a profit and that is because they are still learning or have fallen in the wrong direction. Many traders start trading only knowing the basics, some have started empty, and some are under the influence of these social media influencers --which is definitely not enough to expect passive results but instead terrible losses.

Of course there are several or even many reasons that make them finally leave, one of which does not have a qualified understanding and knowledge and also does not have management on planning and cannot manage good self-control in terms of approach to their trading engagement, if one of the things I have mentioned above is in yourself then obviously you will experience a lot of unusual pressure in your trading engagement, not only losing money but also mentally and psychologically you will be disturbed, and that's what makes you or them finally give up and leave.

Telling people that your losses are much higher than your gains is like you are exposing yourself especially to some other traders who are involved in the same field as you and that is why I agree with your statement that it is quite difficult for a trader to be able to show the results of their trading transparently. For the problem of experiencing losses that dominate more than profits I think it's still reasonable and usually that condition happens more to those who are just starting the approach because the level of knowledge they have is still low, it doesn't matter because over time you will be able to develop more with the experience you have while you are there, but if in the long run there is no change then that's another thing.

The old ones lose and leave, the new ones come and after some time they also leave, it’s like a cycle. Why do you doubt that so many traders are losing money? I think these statistics are quite realistic. In fact, I think that few people can honestly admit their results in trading, especially some public trader, but for me it is not difficult to believe that the majority lose more than they earn. There are very few truly good traders, and sooner or later the market will beat everyone else.