Topic: Most Traders are Not Profitable - page 3. (Read 2358 times)

Since nothing can be 100% in the analyzing of the market, we don't have to believe if some people says like that and not trying to join in their group of trading. Many people can claim they are an expert in trading and says that they can analyze the market in any situation and condition and can gives us the profit. But we must be careful if we see some people like that and it is better we learn trading to improve our skills. If we can have better skills, we can enter to the market anytime we like and analyze one or more coins to trade. We don't have to wait for other people signal to trade because we can find the coin that can moves good at the market.

We must thinks about how we can have a better skills in trading so we can trade with carefully and can analyze the coin that may increase. We can find the right coin and make a profit from that coin so we can trading without depends on other people.

I've made a couple of posts on this topic already but there's still room for a post according to the current market, so I thought why not share, most of the traders are not profitable because they dont understand the market psychology, but as this was a very bullish timeline maximum whales opened the long trades on high leverage and here comes the big names game, as always they manipulated market b a small figure and in the Fear maximum weak hands sold their assets in order to avoid heavy loss and it made market fall into a trap cycle now maximum longs are liquidated and still there's a room for $63.9k BTC range and there will be more pressure.

These 2 whales were playing against each other the smart trader took an exit on a small drop and made their entry back into the same asset after a major panic sell.

This is very true, but I am not 100% sure that is true in cryptocurrency trading. However in forex trading, which is actually my background, I later understood that people that teaches how to trade make more money by teaching than trading itself. I also do not know the exact percentage of people that are winning in the trading. Many people have said that it is less than 5% but I refuse to believe. If it is less than 5% that is winning in trading that means that is no much difference between trading and gambling. Even in gambling I think more than 5% wins. Be it cryptocurrency trading or forex trading it is either a win or a lose. But then many people do not know whether they are winning or they are losing. This is because they do not have the data to know accumulative losses or wins. The trader who wins on a long run is a good trader.

However some people will lose for consecutive times but immediately they win big they will forget about all the losses they have had in the past and they will continue telling the history of their recent wins, making it look as if they are always on the winning lean.

Profit depends on us, how we make decisions so that we receive profits or losses, if we have deepened the knowledge of trading we can easily minimize losses, and we are not rash in making decisions so that we suffer losses, that way we can choose how to so that we don't suffer losses, therefore we need knowledge first before we start trading and we can also take safe steps when coin prices start to decline, and don't think too much because prices start to fall, that way we can overcome the mental us more calmly.

Yes, its a common sense thing and if you are someone who do make use of your own common sense then you would really be mainly thinking up with this matter and you would really be that definitely be cosidering on avoiding these guru and professional wanna be and making out those kind of claims that they are really that having a good winning rate that comes up into their own holy grail indicator and trading method
on which this is really that something BS if we do really tend to believe. Speaking about being profitable then it would really be just that depending on how well someone will really be making out their trades.
We do know that there are ones which are good and experienced and there are ones which are just new or lack of knowledge or experience on which results and outcomes will really be that different.

Dont make yourself that be mainly thinking about being profitable with trading with your first try. You should really be that be versatile and would really be that accepting on whatever things
that you might be able to encounter. Dont make yourself that too positive or optimistic that you could be able to have a good grasps of it on just few tries.

If they claim that their signals is 100% accurate, they will not sell that signals to other people instead just use it for themselves and make a big profit. But they sell the signals to other people to make money too because they can offers their signals to many people so people can subscribe to their signals services.

Rather than paying their subscription, it is better we use that money for start trading while we can learn by ourselves so we can have better skills in trading. If we can improve our skills better, we will have a chance to make a profit many times and that is our benefits to have better skills. We can trade anytime we wants because we can analyze the market situation and determine when we can enter the market or wait for the next days.

Yes, that is the reason why I prefer to subscribe to those signal providers, because there is no guarantee that you will always make a profit in every running session, and also logically if for example the signals provided are really 100% accurate then there is no way they sell it to others for money, because with the signal alone they can certainly get a lot of money. I don't really know if this is true or not but certainly that's what I experienced, which when I think about it, these actions only increase my expenses.

This means that I prefer to advise anyone to learn for themselves and try to execute or apply the strategies you learn in your trading session, if it turns out that there is a mistake that occurs then you can correct it and correct it, but still for risk management issues must be the top priority in trading involvement, because it's useless for example you can get a lot of profits but you don't have good risk management then in the end the amount of your losses will definitely be greater than the profits, and the point is to learn and learn, learn anything that has the potential to increase profits and learn anything that can minimize the possibility of loss, a trader must be independent and must not depend on others.

Most of trader are failing, its only very few that make it, those young trading gurus selling course over youtube out there or tiktoks are making money from affiliates and course, they're not purely making money out of trading, pretty sure if they can show their trades its gonna be mediocre, not even worth mentioning but many of them just go and sell courses because thats the best way to make money risk free without spending any capital just creating some bullshit guide to how to make millions of dollar even though the creator doesn't make their millions of dollar from trading.
its overall just useless knowledge being sold at high price.

on the other hand anyone better off doing themselves favour and put their idea into action with that money, on the other hand copy trading might seem promising, but sometimes buying position just to copy the pro trader and their existing position on certain investment isn't really great. they probably got the position on significantly lower price point than when you try to copy their trades, also, some platform allows for copy future buys, doesn't mean you gonna profit though, it still depends.

Those who use signals from others will difficult to follow because they don't have the same timing to action at the market and the signals will not always gives every time they wants. Those people must pay some costs to gets more signals from those who called expert. That is not good for them because they spends their money to subscribe the services but they will not guarantee to makes a profit from that services. It is better they learn trading from many sources to improve their skills than to pay the subscription that doesn't guarantee them to makes a profit.

Many of us experienced that and almost lost our money and if we can realizes that is wrong for us, we can start to search for the resources to learn more about trading. When they still wants to use that signal, they must realizes that they must responsible with themselves and they must manage their budget to trader and also to pay the subscription. We can not helps them to make a profit from trading but we can suggest them not to spends much money for doing trading if they don't have much skills in trading.

The dynamic nature of cryptocurrencies can change at any time. No one here is guaranteed to succeed in trading. Of course every trader has to lose. He must go through losses to gain mastery in the beginning. There are many who do not want to lose but in reality there is no trading platform where a trader can make profit without losing. I think every trader is a loser. They must succeed by losing. Even successful traders lose in trading. The amount of loss is more visible to us than the gain. Profit and loss are complementary to each other. There are many good traders who have a good knowledge of the market. They have the ability to do good analysis they are also losing.

I can only add to what you are saying: if anyone wants to become a trader in this field of crypto business, he must be ready to make sacrifices, because you will really invest effort and time here, not just money. As others say, buying and selling is easy. But the character of a real good trader is hard to get.

It is no different from a student studying in school who must really study if we want to learn something. And besides, there are many ways to learn it. That's why you must have the willingness, determination, and passion to do this as a cryptocurrency trader.

Yes I understand that trading is a difficult and complicated lesson, it is not easy to understand everything that looks very complicated, and maybe this is one of the reasons why some people prefer something instant, namely by following the indicators they use or following signals from others as you said. But in some cases often the signal is not given for free, usually they will subscribe for a certain period of time to the signal owner, meaning it is not free, while in trading there is no way or strategy that is 100% accurate, meaning there will always be times for you to experience losses even if you follow signals from parties you trust.

I have experienced this where I lost almost half of the total balance I had, and it made me think it was better to do everything myself with the knowledge I have even though I don't know too much. I do not prohibit anyone from following the signals of others, if you are ready with all the consequences then please, but what we must understand is that people who are successful in anything including trading are learning from their own experience, meaning they have their own way, and I will also say that not all strategies that are profitable for others will be profitable for you. So far I prefer to learn by myself, because in my opinion every successful trader has a different trading style. But it is not a problem to try to find learning from other parties to be taken into consideration.

Failure experienced by a trader is part of the process of being able to achieve success in the trading they do, but they must be able to correct the mistakes they make and use them as experience so that they don't repeat the same mistakes in the future, it is true that not all traders can correct the failures they have made and some even decide not to trade again because they no longer want to experience the same failure.
I agree with you, becoming a trader is not an easy thing and we also have to be patient with the failures we experience and keep learning again and keep trying until we can achieve what we want in the trading we do.

Traders who never give up and are willing to learn from mistakes will usually be successful the next day. Losing is part of learning, but not all traders are able to recover if they make a very fatal mistake at the beginning of their experience. Beginners are those who need experience, so they don't need to be too eager to get big profits from day one.

It is not easy to become a successful trader, they have to pay dearly for their experience with the losses they experience along the way. Every trader must have unpleasant experiences during the learning process, but if they give up then that is the end of the story. On the other hand, if they want to grow and want to succeed, they will get up and learn.

Indeed, if we want to be successful in anything, of course we will encounter obstacles in every way, whether it is a loss that the person has experienced. Yes, every failure is a spice for achieving success. Before someone becomes an expert trader, of course they have experienced many big losses during the process in the market, sometimes they feel despair within themselves. What makes them successful in becoming experts or professionals, is that they continue to struggle and learn with every failure, perseverance and discipline during the learning process. It's true that not many people are successful in this job.

Indeed if one does not know himself fully and if he does not know what he is doing then it becomes very difficult to manage his life and trading is even more distant. Many traders manage trading very well and sometimes they have a bad time. It is one of the most challenging tasks in trading as the price fluctuates frequently. In this case if bid price and ask price can be evaluated very carefully trading will be much easier.

Those who don't give up after experiencing a loss will definitely make a profit by taking advantage of whatever they think is suitable, for example as you said. Because beginners who are patient enough and never feel discouraged after experiencing a small loss through trading will also experience a very pleasant fate when they are able to make a profit and feel this as a pleasure from the hard work they have done themselves. And I am also quite amazed by beginners who are willing to fight like that through trading.

In trading, it doesn't matter who you are and even if you are a trader who has a lot of experience with a lot of experience, the risk of loss will always be a certain thing, and honestly I have never heard of a professional not experiencing any loss at all. One thing we have to understand is that trading is an activity that will always be risky regardless of the profit opportunities, you can get a lot of profit with the skills and knowledge you have from learning but that doesn't mean you will be free from losses, the difference between beginners and professionals is from in terms of experience and knowledge.

A professional has a higher chance of profit because they already have a lot of knowledge but that doesn't mean they have a 100% accurate strategy for making a profit, simply put, knowledge is a skill that can make it easier to make a profit but that doesn't mean they will always make a profit every time, of course they will. There are always several sessions that end in losses because the market has a fluctuating nature that makes a trader get fooled at any time and ends up experiencing a loss. But on the other hand, I would also say that even though someone has many ways to make a profit, if it is not accompanied by good risk management, it is useless in the end, they will end up with a lot of losses, so maybe this could be one of the reasons why they experience more losses. losses compared to profits.

Learning trading is difficult and not many people willing to learn and they only waiting for other people indicator or signal to enter to the market. They must learn from many sources to improves their skills so they can enter to the market in the right time and have a chance to make a profit. If they can learn carefully and not give up to search for the other sources and keep learns, they will becomes an experience trader who can trade better than before.

They will eager to improve their skills because they know that is their chance to make a profit and without learning deeper about trading, they will not have a chance to make a profit and will makes a wrong decision. They will also know how much money they will use to trade and will only use the money they can afford to lose in trading.

Are you saying poeple who are not newbies don't have losses in trading? Or are you saying trading is a get rich quick scheme?That is what you believe and think,but that isn't true,it is true about what the OP is saying that there are most traders who don't gain at all,they experience losses most atimes,but I can actually say those losses they experience is because they did not research about the project,or they didn't try to seek advice from the people that have experience on that field,they tried to do it on their own, forgeting to know that in trading  you must have a mentor who you learn from.