Topic: Most Traders are Not Profitable - page 8. (Read 1540 times)

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.

If you say that 95% of traders are not as profitable as they claim, I might agree with that because many will boast about their earnings when they are not earning that much in reality because a trader will face losses as well, and if someone says that they don't, they are simply lying. However, I don't agree that 95% of traders stay in loss forever because if that was the case, cryptocurrency trading wouldn't be as much in demand as it is right now and we all know that something gets in demand when it is useful. People refer others when they see there is potential in it and not so that they can lose money.

People that are focused on creating content are not actual traders but they are part-time traders since they spend most of their time creating and preparing content for their audience. An actual trader would focus on learning and improving their trading knowledge instead of focusing on all these things you've mentioned.

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.

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

I don't think this is true, 95% of being unprofitable would mean that the lucky 5% is accumulating all the wealth in trading which doesn't seem to be the case. Why would so many people keep trading if they are not making any money with it? At least for me trading was very time consuming in the past and I would always consider my time spend on research and rebalancing my portfolio as an opportunity cost. Which means that my profits need to be much higher than the what I would earn risk free and without spending time in my savings account. Everybody can have a bad month and make a loss, but doing so over a longer period of time should let us change our tactics. One argument against 95% of traders being unprofitable is that trading is zero sum game. Everything that we win or lose has to come from somebody else, which means in a perfect and complete random world the chance between winning and losing should 50/50. So even if there are some really good traders, the difference would be 40/60 at most. The traders on YouTube or social media seem to be a very small fraction of the overall trader population and I wouldn't use their mediocre performance as a justification that the majority of traders are having the same returns.

  That's true; the other influencers are really just chasing views; their earnings are a lot of lies that they say they got from the trading they did, but the truth is that the earnings come from being influencers because they are often paid by an advertisement company.

  This often happens, so the majority of influencers are self-proclaimed, which means that if you have a deep understanding of trading, you will see and notice that there is something wrong with what they explain about trading. In short, they are pretentious experts or trading mentors, but not indeed.

Well, if we focus on the statistics of the forum, then it seems that it is these profitable traders who are next to us. This is especially noticeable when you read topics created by newcomers who not only talk about their successful deals, but also offer their signals on a paid basis.

The reality of trading can be very confusing especially when we are not making profits but we are always posting for other to see the profits we had made when we make little ones. This is one of the reasons why many traders will keep selling trading strategies and pattern of trading which does not works always. We need to be focused and make sure we don't become victim of buying low profitable trading strategies. Selling of trading strategies can be very profitable to those traders that do claim they have winning strategies.

Exactly some traders are claiming that they are making profit from their trade. Many of them are even done by their instructors. Their instructors would tell them the time to enter the trade and the date to start the trade. They are not doing it by themselves but guided by others and the profit is very small. I know of a friend who was doing this kind of trade and instructors ran away with the funds they deposited to the his account to trade and everything stopped there.

There is profit in trading but if only the person can trade well and understand the market strategies then there is no way he would not make profit but fake traders full the market.

It's true that many traders have difficulty achieving consistent profitability, and the percentage of successful traders can be quite small. This is because trading in financial markets involves significant risks, and not everyone can successfully manage these risks.
An interesting point in your point is that some traders who are not as successful at trading may find other sources of income, such as creating content on YouTube or providing training courses. This emphasizes the importance of a diversified approach to financial activities and finding additional sources of income.
At the same time, truly successful traders, as you noted, often prefer to focus entirely on their trading, avoiding additional activities. This may be due to the fact that trading requires constant updating of skills and market analysis, which requires significant time and effort.

News will not help you predict coin prices, this is a big misconception, all that news will help you is to try to predict the further movement of Bitcoin, and therefore the entire market. But especially recently in the news, I see a lot of speculation, when false news is thrown at us, the market reacts to it, but this turns out to be a trap that many traders fall into.

So we need to follow the market and the news, but we also need to be very careful and check the information that is presented to us as positive or negative for the upcoming movement.

To be successful in trading, you must first gain good knowledge about the market and then learn to analyze price charts well. And on the other hand be aware of all the news about crypto. Then you can predict the price of any coin. And you can profit through trading otherwise you will lose in trading. Those who do not have special knowledge on these issues are the ones who lose in trading. Because of this basically not everyone can profit from trading

Not all those who trade are in profits, some are just trading but still suffer in losses. Although there are still few who are genuinely profitable traders, but the rest are just showing of fake trading results and hide their real trading losses. That's when crypto influencers arise and offer too good to be true trading strategies and claim that they really profit from them, but in reality those strategies have not been tested and do not guarantee successful trading outcome.

Just think of this. If what we see in youtube are really profitable traders, then they don't have to bother anymore asking for our subscriptions and watch their videos. They should focus instead on their trading activity if that really gives them sustainable amount of profits, and not waste their time making contents for their youtube channel.

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. .

Most of the influencers are talking BS to their viewers and because they know how to tickle the minds of these people, they are easily offering such things that they can sell to them. And it's true that not all of them are profitable to say that they're only encouraging people to trade but the risk that they take isn't seen to the viewers.

Much better for people who are fans of these influencers to just look at the good things they say. But you need to take caution to yourself that you also need to be careful that not all the things they say should be extracted to you as wisdom and knowledge. Because you don't know that all of the things they're feeding the watchers to be as good and effective to them.

There can be some that might effective and working in trading for some of the viewers but always remember that it's not for all.

Destiny has nothing to do with trading and investment, though the two could be the sole source of income for some people, nevertheless, they are still mostly used as a means to earn massive income. This is why when you trade or invest, you can still follow the path of your destiny as the two are not burdensome, they are just what you do when you have the chance, and life still goes on as if you did nothing. I trade every day and I don't think that it takes up to 20 minutes of my time daily in accumulation.

In light of this, I believe that anyone that is so desire to learn and give trading/investment all that it takes to be successful in them can really be successful, all they need is to believe and act. As a trader myself, I like to encourage people about trading because it's somewhat free money, all it requires is for the person to truly know it and he will ever be earning without stoppage. I never knew I could get to the experience level I am today and if I'd downgraded it the way you just did, I wouldn't have ever hit it. This is the power of perseverance and I am very sure that everyone who has time can trade well to earn consistently, only that many have not located the right ways of trading yet.

Thanks for posting this. Now I realize that trading is not really for me because I tried trading 3x already, and lose 3x, and I'm done losing my money thru trading.

These so-called traders in YouTube? Can you call a trader a "trader" still even though they are losing money constantly? I mean if they are trying to find a way to earn like doing doing Youtube videos to have ads, and affiliate program then they aren't traders anymore, but they can be called as Youtubers, or maybe "shillers". Some are scammers unfortunately.

There are many reasons why most of the traders tend to fail. Lack of knowledge, lack of patience, wrong decisions, emotions, etc. Trading is accessible to everyone, but not everyone can be a successful trader.