Topic: Most Traders are Not Profitable - page 5. (Read 2360 times)

It is true that not everyone can get profit from trading. Most traders lose but there are many reasons for this. People who can't analyze or don't have a good idea about trading can't succeed in trading. Most of the traders today only trade but fail to take proper decisions by analyzing their judgments and their ignorance is to blame. Another eternal truth is that 100 people can never succeed in trading if 100 people trade. Some will gain from the trade and some will lose. When a person decides to start trading he must start trading with a good idea about trading. But traders can fail despite knowing everything well. Different types of signals are exchanged by means of various channels which are difficult for ordinary traders. Moreover, whales always try to keep the market under their control, they try to manipulate the market in various ways. Due to various reasons, most of the time the common traders are losing in trading.

Usually people who are successful as traders will not share their knowledge for free on social media, of course they will open members or classes on the channel they created, at least they will get income from their members after their long struggle to learn to become a trader. Indeed, it is best if we learn autodidactically if we are successful, of course the results we obtain will be very satisfying. They need to sacrifice a lot of time and money to become an expert trader.

For those who are really that lazy enough on learning trading on their own, then most likely they would really be following those traders who do offer following trades or subscriptions because they are really that lazy on learning trading and this is why they do really end up with this kind of option.For those people who do have that serious approach towards trading then they wouldnt really be that going into this path but rather they would really be going into their own path and would really be learning trades on their own. It isnt really that bad to follow someone but it would really be that a good initiative that you should really make your own self study too at the moment that you would really be following someone on trading and with this, at the moment that they would be gone, then you could really be able to make yourself that survive since you do already know on how to trade.

Trading doesnt really give out that kind of assurance when it comes on making profits but you wont really be able to know until you would be able to test it out.
It would really be always best that you should really be that testing out if there would really be opportunities on earning or making money.
You wont be able to gain money if you wont take risks.

You just made me remember one coin a popular influencer from west Africa launched last month, it was a meme coin name $DAVIDO and unfortunately, the guy rugged and sell half of his bag and withdraw out about $400k with few tokens left, the token is now worthless and they seems to have even abandoned it. A coin that started with hype because of the celebrity influence, this is why you should never trust anyone.

There was this particular trader that bought the coin and obviously, he bought at the top thinking the coin was coin to do well despite that the launcher rugged them. He was shilling and advising his followers to buy, giving all sort of charts just so he could sell too but the did was done. After some days, he came online and was abusing the celebrity and advising his followers to sell at loss, this is after he has sold and the coin has dump another 33%. This is why it's not good to follow some traders recommendations.

even following other people's better trades doesn't necessarily make them profitable. in the short term, it might be profitable. but in the long term, I think there will still be more losses.
those who share techniques or even trading signals will not continue to profit. they also experience losses and I don't think any trader can escape from that. what makes it possible is a smart trader who minimizes his losses.

Having many subscribers of their own, he knows that they will follow his videos be it logical or illogical does not matter. You can never get ahead in life by imitation and you will never succeed in trading if you do that. Yes few people are successful in trading. Those who have patience, knowledge, accurate analysis, succeed. if your level of perfection increases, you will start trading regularly and become successful. Anyone can teach you the basics but if you want to succeed you have to use your intelligence.

Some influencers promote various crypto projects on their YouTube channels. I know they do it for money. We should not always follow them. Because maybe in real life they themselves are not successful in trading.

The number of traders who have earned good profit by trading is really very less. I agree with the OP on this. Because there is no such trader among my acquaintances.

There is a saying that little knowledge is terrible. There are three levels of education. At the first level a person thinks that he knows a lot and as a result he becomes arrogant. And we know pride is the root of downfall. The same is the case with trading if someone thinks that we know a lot about trading and we will definitely return from here with profit then our psychology will lead us wrong path. For that falling in trading definitely will come. But if we gain some it is purely a matter of luck.

That's called FOMO (Fear Of Missing Out) and it is one of the worst things a trader can do. Undoubtedly, it can be profitable sometimes but that is extremely rare because a coin or a token will barely go any higher if you are entering when it is already at the peak. The most common reason behind this is a lack of research and understanding of the market. Someone who makes their investments after proper research won't be a victim of this.

This is something mostly done by newbie traders because they are new in the market, and the only thing they understand is that they need to buy low and sell high, and when they see a coin or a token going straight up, they think that it is still going to go up more and they make an entry without realizing that it has been going up for quite some time and it has already reached its peak and won't be going higher anymore.

So we are talking about the time to become a professional trader. If we want to become a professional trader quickly then we also have to increase the hours to practice directly on the exchange. We also need a lot of money to do that. Meanwhile, content creators can sometimes collaborate with several parties to get additional capital that they can use to practice.

There is always reasons to this and it mainly revolves around,
Trying to get that capital, either from used having to subscribe to your signal channel or your YouTube channel so you make money from the traffics it generate with YouTube or you just get them to invest with you to trade on their behalf. It’s how it goes for most of them, only a handful of these guys that come on YouTube, claiming to be all professional and profitable are really profitable. The rest just use it for another means to get some money to trade with.

In all that, it doesn’t mean they don’t have ideas, it’s what you get at least, to learn their strategy and how they trade, apply it to see if it works and then, you can go with it.

Choosing the top is also no guarantee because market movements are very strange now. If we are able to read the market with all the supporting items then the problem will be solved.

Most of us lose because we often chase cheap prices with a limited budget and we only circulate those funds with the hope in our hearts that if I sell at the current price, even though I bought it a bit high, I will quickly return to my initial capital. This is where it goes wrong. if it rises, okay, if it takes a long time, wait until 4 days before pumping it back up.

This has also received attention from me, if a YouTuber really makes big profits from trading then why do they create a YouTube account about the basics of trading or about trading because it doesn't take long to become very skilled as a trader!  returning to the discussion about what actually produces results for youtubers, it is advertising, so the goal of a youtuber trader is only to get money from other sources.

It is also true that the majority of traders in the cryptocurrency field are still not profitable because there are others who only know a little about trading but think that is enough for them to get a large income from trading.

Because they don't think that there are tool indicators that they should somehow use, not all at least know how to use 2 or 3 indicators that they have a basis to use every time they do technical or fundamental analysis, you can't just know when to buy and sell.

A very normal act and a very normal reaction that you would really be making on which on the moment that you've seen someone do make out some big money on a particular trade then you would be having that kind of impression that you could actually do that. You would be thinking that, if they do able to do it, when why can't I? On the moment that you would really be trying out to mimic someone on which you are already expecting for yourself to be able to get that kind of method then this is where shit things do really happen is on the moment that you would really be making yourself fantasizing that you could be able to do such thing on the exact numbers but on the moment that reality would slap into your face then this where you would really be having that kind of realization that it would really be not something that too easy to deal up with trading, or able to deal up with a volatile market.

Profitability will really be always getting in line on how well you do make up trades and on how well you do make up decisions. It would really be always reflecting out on how good you are plus a little bit mix of luck on which this cant really be denied. There are actually those people who are really that delusional specially if its their first time to see someone who do make out such numbers.
We do love on earning money but sometimes due to lack of knowledge and awareness on things. We would really be tending to copy out into those individuals who are really that
making money but without knowing on what are their bitter sweet experiences on dealing up with crypto space on which i could say that it was never been that easy.

Those who are successful in trading earn a huge amount of income, so they do not need to create a YouTube channel.  And those who share different strategies or signals on YouTube channel in exchange of money. they are basically not professional traders. Because they do this to increase subscribers to a YouTube channel and a class of traders share signals for extra income. for this, it is better to analyze and trade by yourself, even if you lose for a long time, you can become an expert and then you will get a chance to earn huge amount. and at that time you will be successful in trading.  Success is not an easy thing. to achieve this you have to put in a lot of effort and spend both time and money.

Failure to share the risk will seriously jeopardize any of our investments. Again one of the conditions to benefit from investment is to think and analyze the market slowly and calmly. If not the capital will be in danger, let alone profit. But I think the number of your currency selection is very important for risk management.

This is the actually truth that is being hidden away from the newbies. Some times I wonder how quick many newbies want to make fast money from trading especially when they do not have sufficient skill to back them up to get to the level of making the kind of profits they have been fantasizing. Greed could always comes in any time especially when we are not conscious enough to take the appropriate risk management that is good for the amount we are using to trade. Different amount for trading has different level of risk to be taken.

Everyone talking about Emotion, if emotion was to be a Man, Traders would have killed him. In as much as I know bots still have high chance of losses and wether or not, you are still in charge of the bots of which if we say emotion there is still possibility of you doing whatever with it. It doesn't improve your strategy in anyway, except the one you programmed yourself to test the market with your edge.

We need to understand difference between Patience and Wasting of time when it comes to Trading, one can be wasting time in the name of patience. In essence develop your skill set, have an edge, build confidence and Mastery leave emotions and patience they are innocent. Accept the losses and move on.

We can control patience only when we control our emotions.  Emotional decisions in trading lead to losses, so people who cannot control their emotions while trading should use bot trading.  Bot trading is a way to get rid of our emotions because bots are emotionless.  This automated system analyzes market trends and makes decisions without any emotional intervention.  Thus, bot trading helps us to be organized and careful.  It improves our trading strategy and reduces the chances of loss.