Most Traders are Not Profitable - page 7.

Best-mary

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Quote from: gunhell16 on November 28, 2023, 05:09:11 PM

If the majority of traders are losing money, it indicates that the trading approach used in this era is flawed. Aside from that, most of them are still appearing to know something, but the truth is that they know very little and that knowledge in this area isn't yet that deep, right?

But I believe that many individuals profit from trading; it's not a large profit, since in my experience, I earn from trading, but it's only a small amount every day. Let's assume it's between $5 and $10 or more for the entire day, and it also depends on the market scenario.

Earning $5 - $10 everyday without loosing in a month is a great way of trading safe. Now tell how these big investors made money? By investing bit by bit and that bit made them millionaires over the years..

If we could remove greed and focus on earning this little a day in a month I promise you that 95% of traders won't be at lost. While some people who don't know to trade cam use Dual Investment tool. A very good tool that will help navigate losses as well

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Quote from: xandriel on March 02, 2024, 07:48:57 PM

Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 PM

That's actually true. A lot of people are fooled by those signal groups. It is even being reported here in our country that they will bite those they will victimize in the beginning that will initially release small capital, and then they will first fall into the trap that they will first show the prospect of earning the small capital, and then they will invest again and increase their investment capital.

Until the victim realizes that the amount of money he has already released from the signal group is large, and when the amount is released, the victim will suddenly not be able to access the signal group's site.

Ya, I still don't understand why they still believe in these groups. Why don't they ask themselves, if the group owner can predict which coin will pump, why doesn't he tell his friends or keep it to himself? Grin

Newbies fall into the trap of these paid signal groups, because at the first time they are showing their some successful trade when newbie's traders are gradually convinced to buy paid signals they think that there are no lose if will follow by paid signals. If paid signal group owners are know that they can predict a coin so they don't need to sell signals and they would own millions of dollars.

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Quote from: cute nmp on March 02, 2024, 02:39:21 PM

Most traders are not profitable nowadays cause of the bad mentality,there are into trading to get rich quick without putting in much effort.Thats why most fail and never become successful trader's.

The ultimate goal is to gain profits through trading, although basically everyone has to go through this through effort, whether through special learning or very general learning about trading. For now, I see that only investors get more profits, although traders also get quite a bit of profit if what they choose are the best coins in crypto which have the potential to increase quickly after they buy them. Because apart from mental and capital, everyone also has to prepare their self-confidence in the business they are doing and not have to doubt what they are going to buy.

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Quote from: dothebeats on November 28, 2023, 05:11:31 PM

I have also noticed this trends. If traders are profitable in what they're doing, why are they allotting a huge amount of time composing a course for trading if they can just use that same time to go 100% on trading instead? That means they are not that profitable, and they have to do other things in order to make money. If I were them and I'm getting a lot of money in trading alone, I'd probably lay off the rest of my time to relaxation or expand my trading ventures even further.

Rich people do not share their secrets to other people that's why they are rich. They don't want to disturb their income stream because that's how they make bread. If a lot of people suddenly goes to their spot and compete for the same resources because they pointed out where the source is, that rich people will eventually notice that it thins out their yield and will probably have to move somewhere else - if that source is really profitable to begin with.

Yes that's the logic, if they have a way that they think is accurate to actually make good money in trading then why don't they do it themselves? I think we should be able to be rational in responding to this situation which means that there is something they are looking for, I understand that by telling others it is a good and kind act but I can't think that positively in things that involve money in it, and means that maybe they are trying to make more money by hiding behind the idea of "helping others".

Life is a competition and sometimes there are cases where people even put each other down, and this might be the reason why it's more advisable to keep something you've earned for the struggle you've done, such as knowing the right way to trade to get a lot of consistent profits. On the other hand, many rich people are invisible and there are also some people who try to always look in the public eye that they are not actually rich but are someone who is taking advantage of the situation to gain a lot of profit.

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Quote from: cute nmp on February 28, 2024, 11:11:21 AM

Cause they just follow the hype from YouTubers and influencers not the actual learning concept. Trading is like going to school to study a program.First you need the right mentors ,good mindset, willing to put in the effort and lastly put into practice what you have learn.It will also take time to become a profitable and professional traders most people are not willing to follow that route that why many fail in the trading business.

And what if they got lucky or they follow the advice of those influencers to be at the right time? There might be some influencers who are genuine and only wants to help, and not to trap their viewers for their own gains. We can learn on our own but it does not mean that we are now immune to losses.

A lot of traders are still a failure with this type of approach. I'm not saying it's bad and the first one is good, in fact I support it more, though it might also better if we can do them both. Who wouldn't want to be a profitable and professional trader? We all want that of course but it's only not easy and many of us lacks in determination and other good quality traits to be like that.

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Because they don't understand the market. To make profit from something first you need to understand how it behave and in trading you need to understand other traders behavior as well. You need to understand how a average trader think about the market and you need to think differently than that. Doing oposite of what everyone is doing is the key to success in trading.

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Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 PM

That's actually true. A lot of people are fooled by those signal groups. It is even being reported here in our country that they will bite those they will victimize in the beginning that will initially release small capital, and then they will first fall into the trap that they will first show the prospect of earning the small capital, and then they will invest again and increase their investment capital.

Until the victim realizes that the amount of money he has already released from the signal group is large, and when the amount is released, the victim will suddenly not be able to access the signal group's site.

Ya, I still don't understand why they still believe in these groups. Why don't they ask themselves, if the group owner can predict which coin will pump, why doesn't he tell his friends or keep it to himself? Grin

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Quote from: goldkingcoiner on March 02, 2024, 10:26:55 AM

Quote from: bettercrypto on March 02, 2024, 10:11:06 AM

Quote from: goldkingcoiner on February 29, 2024, 11:28:14 PM

Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 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.

The biggest warning signals are always that these "traders" act more like influencers than actual traders. They show off their lambo (probably leased) and their watches and other luxury items (also obviously leased). And people look at them and think they know what they are doing when in reality, they are just making money off of paid courses, signals or other things as you have mentioned in your list.

I do not think anyone can learn anything from them. Although there are also good traders, but they are hard to spot to the untrained eye.

The trading signals are categorized as scammers, and there are usually many victims who don't know anything about crypto trading. So that means there are traders who know they are traders but don't have any knowledge or idea about trading, except for buying and selling, and there are also long-term and short-term traders.

So in the three that I mentioned, the ones that they do that do not become profitable still enter there; I don't include all of them because they can still get profit in some other ways in that category.

Yeah basically, they are categorized as scammers but that is too bad because I once tried to get a real trading signals group started but nobody was interested, even though my signals consistently made a profit and I never asked for any fees/contributions. But I quickly realized the reason why nobody was interested. It was because people avoid trading signal groups like the plague.

Which does bring up the question of why there are so many scammer trading signal groups.... I guess they prey on the gullible few while faking their community numbers? Oh well....

That's actually true. A lot of people are fooled by those signal groups. It is even being reported here in our country that they will bite those they will victimize in the beginning that will initially release small capital, and then they will first fall into the trap that they will first show the prospect of earning the small capital, and then they will invest again and increase their investment capital.

Until the victim realizes that the amount of money he has already released from the signal group is large, and when the amount is released, the victim will suddenly not be able to access the signal group's site.

cute nmp

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Most traders are not profitable nowadays cause of the bad mentality,there are into trading to get rich quick without putting in much effort.Thats why most fail and never become successful trader's.

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Quote from: Nanga Parbat on March 02, 2024, 12:53:56 PM

Quote from: Dr. Strange on March 02, 2024, 11:22:53 AM

What I understand about trading is that if a person is not a good trader then he will definitely need date signals because it will allow him to trade at the right time and get good profit.

Often the loss in trading is because our entry timing is right and our timing is not right, which often leads to a cycle of loss and risk in trading. So we should always use the psychology so that we can avoid Risk as much as possible. And always use fundamental analysis.

Loses is inevitable and this is the real thing and this is something that you would really be needing to minimize as much as possible once you do gain up that sufficient experience and learning to it.,

The wrong thing with other people is that they do easily gave up on the time that they would really be facing up such difficulties. Well, i couldn't blame them though since we
dont really like on losing money and if you are someone whose really that have a weak heart then of course you would really be having those thoughts immediately on the time
that you would really be able to experience it for yourself. We cant really tell that traders arent profitable because if 99% of them arent making money
then we wont really be seeing this market being flocked out by traders. Grin

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Quote from: Dr. Strange on March 02, 2024, 11:22:53 AM

What I understand about trading is that if a person is not a good trader then he will definitely need date signals because it will allow him to trade at the right time and get good profit.

Often the loss in trading is because our entry timing is right and our timing is not right, which often leads to a cycle of loss and risk in trading. So we should always use the psychology so that we can avoid Risk as much as possible. And always use fundamental analysis.

Dr. Strange

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What I understand about trading is that if a person is not a good trader then he will definitely need date signals because it will allow him to trade at the right time and get good profit. But I will say one thing if you are not a professional then you must try to do analysis along with signals and gradually you can become a good quality trader. But since April is the time of Bitcoin halving so it is better to invest some coins during this time because Bitcoin can give good returns after halving.

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Quote from: bettercrypto on March 02, 2024, 10:11:06 AM

Quote from: goldkingcoiner on February 29, 2024, 11:28:14 PM

Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 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.

The biggest warning signals are always that these "traders" act more like influencers than actual traders. They show off their lambo (probably leased) and their watches and other luxury items (also obviously leased). And people look at them and think they know what they are doing when in reality, they are just making money off of paid courses, signals or other things as you have mentioned in your list.

I do not think anyone can learn anything from them. Although there are also good traders, but they are hard to spot to the untrained eye.

The trading signals are categorized as scammers, and there are usually many victims who don't know anything about crypto trading. So that means there are traders who know they are traders but don't have any knowledge or idea about trading, except for buying and selling, and there are also long-term and short-term traders.

So in the three that I mentioned, the ones that they do that do not become profitable still enter there; I don't include all of them because they can still get profit in some other ways in that category.

Yeah basically, they are categorized as scammers but that is too bad because I once tried to get a real trading signals group started but nobody was interested, even though my signals consistently made a profit and I never asked for any fees/contributions. But I quickly realized the reason why nobody was interested. It was because people avoid trading signal groups like the plague.

Which does bring up the question of why there are so many scammer trading signal groups.... I guess they prey on the gullible few while faking their community numbers? Oh well....

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Quote from: goldkingcoiner on February 29, 2024, 11:28:14 PM

Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 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.

The biggest warning signals are always that these "traders" act more like influencers than actual traders. They show off their lambo (probably leased) and their watches and other luxury items (also obviously leased). And people look at them and think they know what they are doing when in reality, they are just making money off of paid courses, signals or other things as you have mentioned in your list.

I do not think anyone can learn anything from them. Although there are also good traders, but they are hard to spot to the untrained eye.

The trading signals are categorized as scammers, and there are usually many victims who don't know anything about crypto trading. So that means there are traders who know they are traders but don't have any knowledge or idea about trading, except for buying and selling, and there are also long-term and short-term traders.

So in the three that I mentioned, the ones that they do that do not become profitable still enter there; I don't include all of them because they can still get profit in some other ways in that category.

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Quote from: Bushdark on March 02, 2024, 02:12:44 AM

Quote from: radjie on February 29, 2024, 09:29:24 PM

Most people who trade in this industry can only make small profits, especially for those who focus on day trading, the profit presentation is very small, in fact they spend a lot of time just monitoring market price movements. Therefore trading can be very profitable depending on the right situation and momentum and cannot be done every day, of course we also have to be able to analyze when is the right time to determine trading on several types of coins.

There are so many miseries in trading and the world tend to make it looks like there is a fortune everyone can get from it.
We need to know what we are doing and we don't have to deceive ourselves about it. Trading is very complex but many still think that they can always wake up from bed and start trading and making money without any effort put into it.
We need to know what and how to go about our journey as traders.

That's because there are so many advertisements about trading that only show about profits, now on various social media platforms I almost daily see advertisements about it, which in turn encourages many people to think that trading is an easy way to take advantage. Not only that, now there are also many influencers or content creators who promote trading, we know that influencers and content creators have a big influence on the way people think.

Trading is not as easy as imagined, we may be good at understanding the theory of trading, but in practice it is very difficult. But when someone already has high thoughts and expectations, they will still think that trading is easy, just like they thought at the beginning.

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Quote from: deathcode on February 28, 2024, 07:52:43 AM

Quote from: shawonngp on February 28, 2024, 07:24:19 AM

Also I faced similar thing by bought a subscription for one month, Firstly i am tried some free signals and I got success in few trade then I bought their paid course and at the first time I got profits but end of the day liquidation. No matter how experienced people are, They cannot guarantee about profit here.

Do you depend on your trading from the signals you pay for? Now you have proven that the signal you receive cannot be accurate either. but in trading, those who are experienced can minimize the risk of loss if the situation does not go according to plan. If you get a paid signal and are not told about the planning involved in the signal provided, maybe you bought the wrong signal.

Yeah i was depend on their signals because it was paid signals from some expert traders. When i was newbie trader so i was not able to understand what was right and what was wrong signal i am just followed their strategy. Then i realized signals can not be accurate always to make a successful trade, no guarantee in the trading.

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Quote from: radjie on February 29, 2024, 09:29:24 PM

Most people who trade in this industry can only make small profits, especially for those who focus on day trading, the profit presentation is very small, in fact they spend a lot of time just monitoring market price movements. Therefore trading can be very profitable depending on the right situation and momentum and cannot be done every day, of course we also have to be able to analyze when is the right time to determine trading on several types of coins.

There are so many miseries in trading and the world tend to make it looks like there is a fortune everyone can get from it.
We need to know what we are doing and we don't have to deceive ourselves about it. Trading is very complex but many still think that they can always wake up from bed and start trading and making money without any effort put into it.
We need to know what and how to go about our journey as traders.

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Quote from: shawonngp on February 28, 2024, 07:24:19 AM

Quote from: JayTrain on February 13, 2024, 03:08:50 PM

I agree. Especially, I find trading channels interesting. Recently, I followed a couple of signals on futures based on these recommendations. Both signals ended up in liquidation, so most of these channels won't really improve trading skills; they might even harm them. Many novice traders often support the idea of easy profits, but the reality turns out to be quite different. I believe that to become a successful trader, one needs not only financial knowledge but also emotional stability and discipline.

Also I faced similar thing by bought a subscription for one month, Firstly i am tried some free signals and I got success in few trade then I bought their paid course and at the first time I got profits but end of the day liquidation. No matter how experienced people are, They cannot guarantee about profit here.

To make a trading plan you have to do technical analysis. It is difficult to guarantee in trading for the ups and downs of the market. No matter how well technical analysis is done it is never possible to have a 100% perfect idea of what is going to happen in the future. By focusing on the things that are controllable in this way, they can trade with their greatest efficiency and consequently increase the chances of the trades taken being profitable.

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Quote from: nurilham on March 01, 2024, 04:42:34 PM

Quote from: radjie on February 29, 2024, 09:29:24 PM

Most people who trade in this industry can only make small profits, especially for those who focus on day trading, the profit presentation is very small, in fact they spend a lot of time just monitoring market price movements. Therefore trading can be very profitable depending on the right situation and momentum and cannot be done every day, of course we also have to be able to analyze when is the right time to determine trading on several types of coins.

Even if you do daytrading, you can earn big profits if you use big funds/capital. So, you can't judge people only can make small profits only. The profits always depend on the capital and the ability in trading. Common traders may use average funds and get small profits. But experienced/professional trader probably use big capitals and they always target for big profits. In this matter, there are many factors that determine how much to get profits. It is not only about the timing, but it is also about the amount of capital and ability/skills.

However, if you are not a professional trader, kindly use small funds only. When you use big funds, the risk will be higher as well. We will may lose big money although it also means the chance to get bigger profits.

I often write about this: if you have too little capital, then most likely you will be forced to take more risks and more often. Even a significant x10 profit will bring little benefit to you. If you have a deposit of $500, then x10 will bring you only $5,000, while you will have a constant risk that you will receive a loss or such a significant drawdown on the account that further trading without additional capitalization will be pointless. Moreover, $5,000 is far from the money that can bring you financial independence. But this is precisely why traders most often come to the stock exchange. So an easy way to take less risk is to increase your trading capital. At the same time, it is not a pity to take loans for trading without any particular reason. And if you take it, then only for part of your capital and for the period when no interest is accrued on the loan (grace period).

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Yes, the so called traders that always give people assurance of 100% guarantee of profit, making them release the money so they can invest on them to trade, I have seen some traders, What do they usually do? they make you believe on them convince you make you trust and make you believe that they can get such profits. Sometimes they even show you some other profits from good expertise to justify themselves. it is actually true that most of them does not really make their money in trading. They usually do different things like the digital marketing, marketing, and other ways of making money online why they be posting proves of profits and when you give them your money to trade what they actually do, they just buy and sell or try to use your money to start a trade or starting the risk with someone else capital. I don’t really believe that traders are really as much as how they advertised themselves as a trader I can see that traders are limited. We only have few expertise, people that knows how to treat very very well. So I can agree with you that Good traders are truly few and you may not even find them because they don’t really advertise themselves people locate them.

Topic: Most Traders are Not Profitable - page 7. (Read 2358 times)