Most Traders are Not Profitable - page 8.

nurilham

sr. member

Activity: 1484

Merit: 447

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.

Altcoiner007

jr. member

Activity: 263

Merit: 1

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.

Smile.. You've so perfectly analyzed those acclaimed traders trying to sell their trading course or signals. They're the ones acting like celebrities on YouTube.

While trading is a lucrative endeavor, those who profit from trading often don't have the time trying to beg others to buy their trading course. Hahaha. . It took me weeks of checks on Bitget elite copy trader's profile before deciding who's trades to mirror. Eventually when I decided, I didn't go for those on the top list. I went for the one with fewer trade that are followed by very few.

goldkingcoiner

legendary

Activity: 2254

Merit: 2003

A Bitcoiner chooses. A slave obeys.

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.

radjie

sr. member

Activity: 1876

Merit: 264

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.

sulendra12

hero member

Activity: 2912

Merit: 526

Reward: 10M Shen (Approx. 5000 BNB) Bounty

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

Having a youtube channel doesn't make you a successful trader. The purpose of making a youtube channel just to educate people about certain strategies and events in cryptocurrency scene or just solely for some good chunk of money through youtube views and ads. I do not see an appeal to follow all the advices from youtube videos, because it could be outdated.

Trading is not profitable for some people and it's not for everyone.

kawetsriyanto

legendary

Activity: 2450

Merit: 1140

duelbits.com

Quote from: Xampeuu on February 27, 2024, 09:51:29 PM

In a trade, of course there are winners and losers, but some statements state that the number of traders who lose is much greater than the traders who win, this is due to the wrong mindset in trading.

It is not only about the wrong mindset, but I doubt if any research to claim that there are more losers over winners in trading. If there is no valid research about this, it is just a random statement. In trading, it should be safer than gambling, specifically if we have good knowledge about trading. Actually, the chance for taking profits is higher as long as we know how to trader properly. Only people who trade carelessly who may have a bigger chance for losing money.

Quote from: Xampeuu on February 27, 2024, 09:51:29 PM

Most people trade with emotion and think that trading is a quick way to make money, on the other hand, those who experience big profits when trading become arrogant and become complacent and think that they are masters of trading, and of course there are many other factors.

There are some people who trade with emotion because they don't know it is a risky way. But when they understand the emotion will harm trading, they may change the attitude. They also will realize the arrogance is good for trading. It is just a learning process to get a proper way in trading. I'm sure there are no traders who will always trade with emotion and arrogance.

Litzki1990

sr. member

Activity: 1386

Merit: 406

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.

Most of the time, the trading videos uploaded on YouTube highlight only the positive aspects of trading, which is why new traders directly try to trade according to the strategy of YouTube. Since a YouTuber has uploaded successful videos in many attempts, it can be assumed in advance that trading by himself will not be as profitable as that YouTuber. Those who understand this much do not only lose money by trading but there are some people who are wrong to be called traders because they do not know what trading is. If they knew trading well, they would have tried to profit from trading by becoming proficient in trading themselves rather than directly depending on others. When a user trades based on his own knowledge, his trades are more likely to succeed

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Xampeuu on February 27, 2024, 09:51:29 PM

In a trade, of course there are winners and losers, but some statements state that the number of traders who lose is much greater than the traders who win, this is due to the wrong mindset in trading. Most people trade with emotion and think that trading is a quick way to make money, on the other hand, those who experience big profits when trading become arrogant and become complacent and think that they are masters of trading, and of course there are many other factors.

Majority of traders are not using their knowledge but they are participating in trading due to quick profit but they don't know that quick profit is not for everyone. Number of losser are more in trading because they don't use strategies but do what other people suggests and follow the steps of other but sometimes it is necessary to use our own mind.

Some people think that they have gained complete knowledge by watching a single video and reading an articles about trading but they don't know that experience is also somethings that puts huge effects on one's success. Trading is not easy and without knowledge if someone assume that he will become an expert in a month then he is wrong.

moneystery

full member

Activity: 868

Merit: 202

Quote from: Sorryfor on February 27, 2024, 11:54:17 AM

The probability of being profitable in trading is very low. Future is a very difficult thing to grasp in trading. In fact, if the maximum amount of profit could be made by trading, traders would not have come to YouTube and started various courses. I partially agree with your statement. First of all, if they were not profitable then people would not trust them. As a result, I think they must be doing these things based on their experience. Secondly the businessmen will be doing it on YouTube for their profit as well. But I also cannot deny that trading is risky and there is little chance of profit. This requires a considerable amount of research and time. And those who are novice traders should do proper amount of research judgment analysis. So what you do should be done carefully.

you are a little wrong in that case, if trading has a low probability of profit why do people still want to trade to make a profit? it proves that trading is still relevant and has good opportunities for people. but it is true that it is quite difficult to master it and depending on the market and the instrument being traded, trading has different risks. so to avoid trading risks and the possibility of higher losses, a trader should first study the market he wants to enter and learn the best strategy so that he can make a profit from it.

God bless u

full member

Activity: 280

Merit: 110

Eloncoin.org - Mars, here we come!

It's not about selling their skills it's about showing people wrong proof of their profits and attracting customers.Its a big fraud that is happening in the market course sellers show people that they are getting a lot of profit From their trade but in real they're not.You should at least have guts to show people what you're capable of.

New traders in search of quick profits believe them and after they join their course they get to know that it's not something that they thought off.Its the fault from both sides but the course sellers are more at fault here.

ancafe

hero member

Activity: 1820

Merit: 747

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

People are always trapped in something that is advertised and they never think of studying the truth, at least that's what is shown and other evidence of how they try to make paid channels by offering trading skills everywhere. Trading is not always profitable and even though people are experienced because if the profit assumptions are greater than losses, people do not need to withstand bitcoin for a long period of time to generate maximum profits. Of course trading has a level of profit and loss but the way of handling will be much different and depends on the psychological readiness of each individual involved in it.

If we think trading cannot provide benefits and we don't have good abilities here then you should look for other ways. Do not force something that we cannot do because actually someone's skills are different even though we have the same opportunity in learning them. If we think that trading is not a suitable place then find other places that can be more responsible, for example such as long -term investments that do not require much knowledge.

synchronym

full member

Activity: 532

Merit: 163

When we trade we must have enough knowledge about the trade we cannot trade properly if we do not acquire enough knowledge about the trade. Before trading we must know enough about the trade and check the market patiently and have a long term plan otherwise the loss will be more than the success through the trade. Many times we don't have a good idea about trade and are in a hurry to trade. And there are many risks in trade, we have to invest patiently with that risk, then we can do something good through trade. We always have to have a long-term plan for trading. If we have a long-term vision and trade patiently after checking the market, we will definitely be a successful trader.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: $weetne$$ on February 28, 2024, 09:24:14 PM

Quote from: Sebas.tian on February 27, 2024, 11:14:28 PM

Depending on only one source of income is not good, which many traders has woken up from their sleep never to take only crypto trading as their only source of income and you can see that it has increased many traders in the community positively. I have seen many social media when some professional traders are conducting some tutorial on how to make profits from crypto trading and still remain profitable in other business, and a huge amount of people are learning from them and they are ready to pay for the service. Once you can be able to take the risk to practice what you have be thought concerning the trading, I think you can be part of those profitable traders.

Depending on only trading as your source of income isn't good because trading can be frustrating sometimes. Being a trader you will have some days that you won't be able to figure out what you're doing wrong with your trades that's making you not to make gains. Some other days the market can be very bad that you won't be able to trade for profits if you're only using spot exchange for trading. Since many traders haven't started trading through future means that they can make profit no matter the direction the market is moving, until then no individual should depend only on trading as your source of income. Many traders are losing when trading because they don't yet know how to trade but just doing it to look for fast money.

Making trading as your main source of income isnt something that you could really be easily be able to do so. Why? its not something a skill that you could really be able to make yourself to acquire in a short span of time.
Yes, there are people or traders who do make it as their main source of living but it would really be getting involved with many times or hours on dealing up with it and tons of trials and errors before you could really be able to have a good grasps into it. Traders are not profitable? No one really knows yet this one is something a personal kind of information that cant really be known or to be shared up. One things for sure into those who are profitable are the ones who are really that still be able to make trades for long time period. We cant also tell since there are type of traders which are swing/trend types too on which they arent making active trades
compared into those who are making day/scaling trade type on which we know that not all would really be able to bare up with.

$weetne$$

sr. member

Activity: 322

Merit: 227

Playbet.io - Crypto Casino and Sportsbook

Quote from: Sebas.tian on February 27, 2024, 11:14:28 PM

Depending on only one source of income is not good, which many traders has woken up from their sleep never to take only crypto trading as their only source of income and you can see that it has increased many traders in the community positively. I have seen many social media when some professional traders are conducting some tutorial on how to make profits from crypto trading and still remain profitable in other business, and a huge amount of people are learning from them and they are ready to pay for the service. Once you can be able to take the risk to practice what you have be thought concerning the trading, I think you can be part of those profitable traders.

Depending on only trading as your source of income isn't good because trading can be frustrating sometimes. Being a trader you will have some days that you won't be able to figure out what you're doing wrong with your trades that's making you not to make gains. Some other days the market can be very bad that you won't be able to trade for profits if you're only using spot exchange for trading. Since many traders haven't started trading through future means that they can make profit no matter the direction the market is moving, until then no individual should depend only on trading as your source of income. Many traders are losing when trading because they don't yet know how to trade but just doing it to look for fast money.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

That's why trading is difficult, and not everyone can do it. Maybe there are many factors that make them fail, such as rushing, choosing the wrong investment, being impatient, and many other factors. Even though they have taken courses and so on, it does not guarantee that they will be successful in the world of trading. In fact, many people are impatient with trading, for example, there are many people who experience profits after holding for months or even years, or they analyze signals incorrectly. Therefore, people are always stressed to use money that they can lose because the risk of trading is very large, but the potential for making multiple profits is also very large. So, before entering trading, we need to have the right strategy and preparation.

snowpega

full member

Activity: 476

Merit: 227

Quote from: Xampeuu on February 27, 2024, 09:51:29 PM

This is so accurate there are both types of traders winners and losers. Winners know how to have control over emotions, not be too greedy, and how to avoid impulsive decisions so that they can easily get success in their trades and count as winners but those who do not have control over their greed, emotions, and impulsive decisions count as loser traders.

Along with the facts, I have mentioned above about loser traders many do over trading and face big losses due to their greed of earning more and more this thing leads them to a loser side. One should know over trading is not a good habit he/she should also have good control over this and have to control his/her greed to avoid loss. Also many traders do not have sufficint knowledge about techincal analysis and fundamental analysis and they follow other traders signal and this thing also make them a loser trader. A trader should have basic knowlede about Technical analysis and fundamental analysis. Before taking any trade it is important to learn otherwise his/her all trader act like gambling due to his/her insufficient knowledge.

cute nmp

jr. member

Activity: 1708

Merit: 3

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.

deathcode

copper member

Activity: 1428

Merit: 253

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.

shawonngp

full member

Activity: 856

Merit: 111

Buzz App - Spin wheel, farm rewards

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.

Sebas.tian

full member

Activity: 2240

Merit: 184

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Nrcewker

The people about whom you are talking can be considered as influencers who sometimes trade. You can also say like this that they are influencers with trading as their niche. They attract trading audience and make money from them. I have seen many times these type of people edit their daily profits and post in videos and reels, then they ask to DM them and at last they provide paid course. Like other high risk work, trading also needs enough practice to make good money. It can’t be taken easily.

Depending on only one source of income is not good, which many traders has woken up from their sleep never to take only crypto trading as their only source of income and you can see that it has increased many traders in the community positively. I have seen many social media when some professional traders are conducting some tutorial on how to make profits from crypto trading and still remain profitable in other business, and a huge amount of people are learning from them and they are ready to pay for the service. Once you can be able to take the risk to practice what you have be thought concerning the trading, I think you can be part of those profitable traders.

Topic: Most Traders are Not Profitable - page 8. (Read 2360 times)