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Topic: Most Traders are Not Profitable - page 9. (Read 1540 times)

hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
December 01, 2023, 02:24:32 AM
#67
Unfortunately, trading isn't something that everyone can achieve and it takes a long time to make money by trading. This is because financial markets are complex and it is almost impossible to make money in them without a fair amount of experience. Yes, unfortunately many people who define themselves as professionals cannot earn a profit by trading because trading requires not only experience but also the need for a person to plan risk management correctly and control his/her emotions.

On the other hand, the fact that many new individuals are included in the cryptocurrency markets and that these people are generally inexperienced in the financial markets or cryptocurrency markets causes the percentage of people who can make a profit by trading to decrease.
I think it could be about personality of a person as well, maybe I am wrong but I just have a feeling that some people just can't be traders, they just do not have that chip in their brain, they do not enjoy it, and they do enjoy a lot of money just like everyone in the world and they do want a lot of money but trading is not their way, so they do try to make money with trading even though they do not enjoy it, and that results with them not having any return at all, which is of course normal.

I believe that could be the issue, it looks like we are talking about something that may not be all that crazy and maybe something simple, it's just not right for everyone. If that's the case, then it is normal some people just stop quickly.
hero member
Activity: 2660
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Leading Crypto Sports Betting & Casino Platform
November 30, 2023, 08:54:43 PM
#66
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.

so much influencer trying to paint that image where trading could be done so casually and still make someone a millionaire thats not true at all. most of these influencers profited off their refferal links or through their so called trading tutorials and book but we all know these influencers are probably losing big time in their personal trades and they won't even disclose it. otherwise if they kept on profitting they would show off their trading histories 24/7 but nah only very few of their history were shown and that already filtered only with wins.
thats the thing with trading its difficult yet people seem to underestimate it and also have that feeling of overly inflated sense of skill that they have that they'd just bringing money for the whales.
even veteran trader with all the knowledge and experience would still fails many time.
legendary
Activity: 3108
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Leading Crypto Sports Betting & Casino Platform
November 30, 2023, 07:35:13 PM
#65
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.

Mostly, traders trade for greed so they end up looking for quick profits and eventually fail on their trades. Sad reality, that's why its not surprising to see traders hunger for profits because they were never profiting in reality. While most of these traders have less knowledge and less experience in the trading market, then they really are doomed to fail and lose their trades in the process.

However, trading can be learned in time, that is if patience and persistency are established. Without them, there's no way a struggling trader will succeed.
sr. member
Activity: 1428
Merit: 436
duelbits.com
November 30, 2023, 05:53:10 PM
#64
Trading can be profitable or it can be give you a loss if you didn't know how to make trade but in my opinion if we start trading from a small amount and we should take profit even s small it will be give you a good benefit after few months and most trader are not profitable because they are getting penic the most affected thing in a loss in trading is penic if we regret this thing from our trade we will In profitable
Indeed, if we don't know how to trade properly, we possibly get losses.
The problem is there are many new traders who have lack of knowledge and have bad mentality. They don't want to take time for a deep learning, they prefer to trade and think they can learn while trading. Because they have lack knowledge, they easily feel panic when they experience something unpredictable. For example, when there is a big dump, they probably decide to do panic selling because they think crypto market is no longer a proper place for trading. They are also very easy to be influenced by FUD because they don't really know crypto world.

hero member
Activity: 2912
Merit: 674
November 30, 2023, 05:47:12 PM
#63
If you have been trading in the market for long, you will realize that successful trading never happens easily, and that it never happens to most of the aspiring traders especially if they lack the skills and strategies to trade. So it's not actually surprising why majority of the crypto traders are not successful, some just pretend to deceive the people who dream of becoming successful traders.

The only way they gain an income is through making contents about their trades and make people believe that they are good and reliable traders. You will only know this is you start trading by yourself.
sr. member
Activity: 2338
Merit: 338
November 30, 2023, 05:41:41 PM
#62
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.
legendary
Activity: 3066
Merit: 1101
Leading Crypto Sports Betting & Casino Platform
November 30, 2023, 05:27:04 PM
#61
I am glad that there are articles to back up my observations.
I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that
- increase in YouTube channels of trading influencers.
- increase in the number of Instagram channels with traders showing off their set up and charts.
- TikTok videos of trading influencers directing viewers to some links to buy a course

It is just crazy. These people trying to make money off novices and recycling old trading stories.
The research over the previous decades has shown that this is consistently the truth, even when the stock market was experiencing an unprecedented bull market most traders were still losing money, what those influencers are doing is nothing more but to play with the greed of people by promising them they can obtain profits if they follow them or if they buy their products, however once people finally understand that stat and admit they are no different than all of those traders which failed, that is when they will have to take a difficult decision, which is to give up on trading completely or finally decide to make the effort to research the markets on their own and stop looking for the easy way out.

the so-called influencers are just earning because of the subscribers, ads, views and maybe not because of their trading activities. most of them are just faking their trading results and maybe just showing their few profits and not their actual losses. if they are really doing good in their trading, they don't need to show it to other people as they won't have time anymore.
full member
Activity: 1498
Merit: 132
BK8 - Most Trusted Gambling Platform
November 30, 2023, 05:22:01 PM
#60
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.
Actually, this is not good, but that's the way it is. Indeed, many novice traders fail and lose a lot. and only a small percentage survive and are ultimately able to find their trading patterns satisfactorily without using trading signals. And of course this requires enormous efforts. We are not talking about pro traders because that would be different. But not only newbies but also some people who have been trading for a long time often fail because they have poor analytical skills, due to a lack of knowledge and seriousness and efforts. Trading is high risk and requires patterns and skills that are good enough to be able to manage itself so that you gain more profits than losses.
member
Activity: 811
Merit: 20
Chainjoes.com
November 30, 2023, 04:24:35 PM
#59
I am not a good trader even when i have to start trading then many time i have been got loss. That's why i will need to tech about trade. But yes basic knowledge with improve trade of some loss money will prepared great trading idea. Really very dangerous trading step for all news members so be aware if you couldn’t understand it.
hero member
Activity: 2856
Merit: 769
November 30, 2023, 04:20:30 PM
#58
I am glad that there are articles to back up my observations.
I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that
- increase in YouTube channels of trading influencers.
- increase in the number of Instagram channels with traders showing off their set up and charts.
- TikTok videos of trading influencers directing viewers to some links to buy a course

It is just crazy. These people trying to make money off novices and recycling old trading stories.
The research over the previous decades has shown that this is consistently the truth, even when the stock market was experiencing an unprecedented bull market most traders were still losing money, what those influencers are doing is nothing more but to play with the greed of people by promising them they can obtain profits if they follow them or if they buy their products, however once people finally understand that stat and admit they are no different than all of those traders which failed, that is when they will have to take a difficult decision, which is to give up on trading completely or finally decide to make the effort to research the markets on their own and stop looking for the easy way out.
Those things been known in the past which turns out to be the reason on why they have lost money, yes mistakes could happen but once it had been known then people would normally be avoiding it and it would really be causing for them to make another path for them to take and trying to be profitable as much as possible. Tons of things and factors could really make out some effect along the way on which it would really be just that so normal that people would really be making out adjustments. Talking back into the thing or situation about traders are not profitable then this is something that a little bit true but to know that this market is really just that like a tug-of-war then to those people who are making money are the winners and the losing side would be the ones who losses up money as simple as that.

This is why skills and knowledge would really be that relevant because if you do lacking of these things then you wont really be able to survive or sustain within this market and this is something that
you should really be looking into. Being profitable on this market isnt impossible but its not something that simple that you could really be making yourself that confident.
You would be able to realize it once you do able to make yourself do have that  real engagement in the market.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 30, 2023, 03:56:31 PM
#57
I am glad that there are articles to back up my observations.
I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that
- increase in YouTube channels of trading influencers.
- increase in the number of Instagram channels with traders showing off their set up and charts.
- TikTok videos of trading influencers directing viewers to some links to buy a course

It is just crazy. These people trying to make money off novices and recycling old trading stories.
The research over the previous decades has shown that this is consistently the truth, even when the stock market was experiencing an unprecedented bull market most traders were still losing money, what those influencers are doing is nothing more but to play with the greed of people by promising them they can obtain profits if they follow them or if they buy their products, however once people finally understand that stat and admit they are no different than all of those traders which failed, that is when they will have to take a difficult decision, which is to give up on trading completely or finally decide to make the effort to research the markets on their own and stop looking for the easy way out.
sr. member
Activity: 1022
Merit: 368
November 30, 2023, 03:29:50 PM
#56
Read this:

https://tradeciety.com/24-statistics-why-most-traders-lose-money?hs_amp=true


Our research suggests that about 70 to 90% of traders lose money. It is, of course, impossible to get an exact number, but as a rule of thumb, we believe 70-90% is close to the “correct” ballpark figure.

Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail.

Based on several brokers' studies, as many as 90% of traders are estimated to lose money in the markets. This can be an even higher failure rate if you look at day traders, forex traders, or options traders.

I can agree to that, most traders are losing.

Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.
I am glad that there are articles to back up my observations.
I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that
- increase in YouTube channels of trading influencers.
- increase in the number of Instagram channels with traders showing off their set up and charts.
- TikTok videos of trading influencers directing viewers to some links to buy a course

It is just crazy. These people trying to make money off novices and recycling old trading stories.
full member
Activity: 1540
Merit: 219
November 30, 2023, 10:54:07 AM
#55
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?
Or that they are using traditional ways to trade which isn't applicable to bitcoin and other crypto since crypto market is so volatile or maybe the claim that a lot of traders aren't profiting from trading but wouldn't we see them quit after awhile if they're not profiting at all, if that's the correct or closest to the right percentage, that would mean that a lot of these traders are either not really trading and the stuff that come out of their mouth are either nonsense that they can't back up which is sad and frustrating because that would mean they've been deceiving a lot of people but that's a far fetch theory too that they're not profiting and that they're lying to their followers too because someone would've called them out a long time ago.
legendary
Activity: 966
Merit: 1042
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November 30, 2023, 10:27:26 AM
#54
I have to agree. Yes, it is true that most traders are not profitable. Trading in financial markets is very challenging, and statistics prove that a majority of traders do not consistently make profits.

Hmm, dear just keep in mind that there the smarter people who are competing with you with higher experience, and capital to play. You need to learn how to stay one step ahead of them and need to be psychologically more adaptive to market sentiments. Here in this market, only whales win, because they own the key principle that most of the new traders don't possess.

You can say new traders are the liquidity providers to the old ones. New people lose money and frustration leaves the market.
hero member
Activity: 980
Merit: 947
November 30, 2023, 09:17:35 AM
#53

Without having to dispute on claims you’ve made in the OP,
I would say, as much as some of these guys actually make money through the ads view on the content they create and other programs they host through there channel(s), some of them are getting some true success.

A quick note:
The term we mainly refer to as professional traders have come with a different definition as against what it’s assumed to be which is; traders that have a good level of expertise on there trades or happens to be pretty successful.
Professional traders are individuals who trade on behalf on an institution (institutional traders) and are being paid for their services.

Something to note, we have more day to traders newbie and petty traders than we could have of any self proclaimed expert traders and as such, they’ve got to be more losses than profit to some individuals, that in itself is a fact.
The definition of professional indicates that if a person can earn money from the business in which he is engaged. Accordingly, if a trader can make money only by trading, then he is a professional trader, if he makes money from advertising exchanges, or some other products, receives profit from referrals and the like, then this person receives the main profit from advertising, but his trading is not so successful then this is something else.

If a trader could only earn money from trading, he would not be promoting other products. This is mainly done by traders-bloggers and I don’t really trust such people.
hero member
Activity: 2716
Merit: 904
November 30, 2023, 08:54:04 AM
#52
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.
While there are few traders who are making it big in trading, but majority of these existing traders are not actually in profits but still claim that they are successful and profitable traders. And mostly, those who keep flexing their trading strategies in their social media account are those who are not making profitable trades.

Real successful traders only keep their strategies to theirselves, and as long as they find it beneficial to their career, they will never flaunt or disclose it to their youtube channel if there's any or their social media account. That's how they keep their trading career successful for a longer period.
hero member
Activity: 1624
Merit: 624
November 30, 2023, 07:11:59 AM
#51
Unfortunately, trading isn't something that everyone can achieve and it takes a long time to make money by trading. This is because financial markets are complex and it is almost impossible to make money in them without a fair amount of experience. Yes, unfortunately many people who define themselves as professionals cannot earn a profit by trading because trading requires not only experience but also the need for a person to plan risk management correctly and control his/her emotions.

On the other hand, the fact that many new individuals are included in the cryptocurrency markets and that these people are generally inexperienced in the financial markets or cryptocurrency markets causes the percentage of people who can make a profit by trading to decrease.
newbie
Activity: 8
Merit: 0
November 30, 2023, 06:46:48 AM
#50
I have to agree. Yes, it is true that most traders are not profitable. Trading in financial markets is very challenging, and statistics prove that a majority of traders do not consistently make profits.
legendary
Activity: 2072
Merit: 1315
November 30, 2023, 06:29:44 AM
#49
Well depends but I agreed too. Some paid signals have payment and there we can see some fail trade signals too. Is that fine? No! As long as their paid they can get the losses from users especially if the group is somehow big. Also some referrals on exchange, or anything offer services. So its kinda nuts to join a group like that and pay for the subscription. Maybe theres a legit one but the winning rate is still not on accurate terms.
full member
Activity: 826
Merit: 135
Tontogether | Save Smart & Win Big
November 30, 2023, 06:02:38 AM
#48
Trading can be profitable or it can be give you a loss if you didn't know how to make trade but in my opinion if we start trading from a small amount and we should take profit even s small it will be give you a good benefit after few months and most trader are not profitable because they are getting penic the most affected thing in a loss in trading is penic if we regret this thing from our trade we will In profitable
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