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Topic: Most Traders are Not Profitable - page 7. (Read 1540 times)

full member
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December 07, 2023, 03:58:16 PM
But in reality, there are still lots of people who trade professionally, of course because it's profitable for them. However, not everyone will actually make a profit in trading. there are also many losses.

There are many reasons which can explain why people prefer trading over investing, however I think one of the most powerful is that most people are not comfortable with the idea of their money working for them, instead of taking the easiest and most obvious path which is to just invest in bitcoin and hold their coins for as long as they can, people cannot really accept that money can be made literally while they are sleeping, so they prefer to look at the charts, make complex strategies and perform many other activities thinking this is the way to get massive profits, only to discover way too late they were wrong and the easiest path was also the best.
Yes, it cannot be denied that people who are focused on trading, they are really focused and serious about it, spending their time looking at charts and analyzing them, as well as trading several pairs and methods at almost the same time. Usually they don't just focus on 1 pairing. So in fact, as long as the city is ready for the risk of trading, we can legally choose to trade and collect profits little by little. Because usually one of the reasons is that some traders only have small capital, so it would not be worth it if they just invested. some think so.
hero member
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December 07, 2023, 03:41:29 PM
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.
There are many reasons which can explain why people prefer trading over investing, however I think one of the most powerful is that most people are not comfortable with the idea of their money working for them, instead of taking the easiest and most obvious path which is to just invest in bitcoin and hold their coins for as long as they can, people cannot really accept that money can be made literally while they are sleeping, so they prefer to look at the charts, make complex strategies and perform many other activities thinking this is the way to get massive profits, only to discover way too late they were wrong and the easiest path was also the best.
sr. member
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December 07, 2023, 06:50:53 AM
I think the percentage ratio is not too far, maybe 60:40 or 70:30, because if it were that far, people wouldn't trade.
so I think your prediction is wrong.
and not always those who open such channels will lose, because the chance is 50%.
How you could be able to say so? There were no studies or proven out that those percentages were real. No one really knows on how many are the losers and how many are making profits.
But much sure that everyone is really that experiencing losses and profits. We do know that this isnt something that we can be able to know but pretty sure that the ones who are really that
making profits and there are ones who do losses. It would really be just that in between things. This is why we are really doing our very best for us to survive into this market.
You wont really be able to survive if we wont really be that wise when it comes to our trading analysis.

It would really be that just depending on how well we do make our trades and if you are really that eager to make yourself included into those
traders who are profitable then it would really be just that normal that you would really be finding your way on achieving it.
sr. member
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December 07, 2023, 05:51:07 AM
I think the percentage ratio is not too far, maybe 60:40 or 70:30, because if it were that far, people wouldn't trade.
so I think your prediction is wrong.
and not always those who open such channels will lose, because the chance is 50%.
legendary
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December 07, 2023, 05:46:32 AM
Sad to know about it but yeah, only a few traders make their journey profitable. The reason why the majority had suffered losses is because
 - they are impatient
 - lack of knowledge

All of these things happen because of the influence of these social media influencers saying that they can make money easily and showing trading tips that never work in real life. Many have been fooled into such ads and they face the consequences of losing their money.
Actually, in the reality that happens in the actual trading of exchanges here in cryptocurrency, most of them do trading, but the majority of them also do not get much profit from it, and if they do, it is slow.

So the best thing for them to do is that if the same thing happens with what they are doing, they should hold it long-term while they study it, and at least the capital they use in the trading activity they are doing will not be put at risk. .
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.
legendary
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December 07, 2023, 05:39:03 AM
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.
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.
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.
full member
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December 06, 2023, 02:28:37 PM
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.

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.
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.
hero member
Activity: 2786
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December 06, 2023, 01:46:16 PM
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.
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.
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.
sr. member
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December 06, 2023, 12:43:57 PM
#99
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.
hero member
Activity: 1050
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December 06, 2023, 09:14:16 AM
#98
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.
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.
hero member
Activity: 2800
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December 06, 2023, 08:26:47 AM
#97
Trading may not suit everyone. It involves both profits and losses, and your success largely depends on your ability to navigate these. It's crucial to understand that your losses could be someone else's gains, and vice versa. The unpredictable nature of the crypto market means we can never fully predict its future, leading to potential total loss.

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.
legendary
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December 06, 2023, 08:20:37 AM
#96
Trading may not suit everyone. It involves both profits and losses, and your success largely depends on your ability to navigate these. It's crucial to understand that your losses could be someone else's gains, and vice versa. The unpredictable nature of the crypto market means we can never fully predict its future, leading to potential total loss.

As for creating content, anyone can read a book and use it as a script for a YouTube video. There's no requirement for actual trading experience to share knowledge about it. This is one reason why many traders fail - they have theoretical knowledge but lack practical experience. They tend to follow other traders instead of developing their own strategies. Some of these influencers have alternative income sources, which may deter them from self-improvement. Consequently, their followers' trading skills remain stagnant. You can study info about crypto pump signals for binance project, they also used AI for trading predictions.
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.
hero member
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December 06, 2023, 08:18:21 AM
#95
Actually, when I used to trade earlier, at that time I used to pay a person, that is, I hired a broker, so he would charge me a fee and in return he would teach me trading, and besides, he would cooperate with me. I used to do it, that is, whenever I used to trade, he used to tell me that you should do this, that is, you should put a stop loss here, you should buy here, you should sell what you have here, all the methods he told me. But later because his fees were too high, I left him and started trading on my own, which led to a very loss able for me
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.
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December 06, 2023, 04:44:10 AM
#94
There is no way that 95% are losing their trades and I cannot draw correlation between 95% traders being unprofitable and them earning through affiliate marketing or YouTube channels. It can never be 95% losing as trading will stop if that's the case. There are people who claims to be profitable traders by showing fabricated numbers and sell their signals or strategy which are designed to fail but not 95% as you claim. Let it be any trader initially they will have losing days but eventually they gain knowledge and create their own strategy which is unique for them based on their level of understanding and what works well for them.
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.

        -  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.
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.
hero member
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December 06, 2023, 04:42:03 AM
#93
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.
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.
sr. member
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December 06, 2023, 03:56:36 AM
#92
There is no way that 95% are losing their trades and I cannot draw correlation between 95% traders being unprofitable and them earning through affiliate marketing or YouTube channels. It can never be 95% losing as trading will stop if that's the case. There are people who claims to be profitable traders by showing fabricated numbers and sell their signals or strategy which are designed to fail but not 95% as you claim. Let it be any trader initially they will have losing days but eventually they gain knowledge and create their own strategy which is unique for them based on their level of understanding and what works well for them.
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.

        -  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.
hero member
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December 06, 2023, 02:37:23 AM
#91
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.
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.
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.
full member
Activity: 798
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December 05, 2023, 07:50:08 AM
#90
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.
hero member
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December 05, 2023, 07:42:24 AM
#89
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.
sr. member
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December 05, 2023, 07:38:42 AM
#88
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.
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.
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.
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