Topic: my trading is a fail help me, thanks - page 4. (Read 1917 times)

The main thing to learn is technical analysis and also study indicators. This step by step will provide education that trading is not your way to get rich in a short time. By studying technical and trying on a demo account you will have experience how to analyze the market. besides that you also have more money, I suggest taking classes to be able to learn with mentors who are experts

There are other options for practicing trading aside from using demo. Paper trading is one of such options. But I do not recommend dwelling on these practice methods for a long time because until you start putting real money ob the line, you won't take your trades too seriously because you'll always be like "I have nothing to lose on this trade" and it shouldn't be that way. Of course, learning technical analysis is the best way to succeed as trader regardless of the market trend at any point in time. A small note on demo trading... It should be completely uo to the trader. Most traders that I know of didn't use any of the two yet they're still successful traders.

Demo trades is just good when you are just testing out for some analysis or indicators but basing or relying on it then it would really be a different story.

From actual risk management on funds and into analysis you would do,nothing beats out when you do the actual thing or get involved with real funds compared when you are just using virtual funds.

Yes, you can learn but you wont really progress more or making yourself better without real experience in the market.

harapan

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Quote from: death69 on May 05, 2021, 06:44:42 AM

The main thing to learn is technical analysis and also study indicators. This step by step will provide education that trading is not your way to get rich in a short time. By studying technical and trying on a demo account you will have experience how to analyze the market. besides that you also have more money, I suggest taking classes to be able to learn with mentors who are experts

There are other options for practicing trading aside from using demo. Paper trading is one of such options. But I do not recommend dwelling on these practice methods for a long time because until you start putting real money ob the line, you won't take your trades too seriously because you'll always be like "I have nothing to lose on this trade" and it shouldn't be that way. Of course, learning technical analysis is the best way to succeed as trader regardless of the market trend at any point in time. A small note on demo trading... It should be completely uo to the trader. Most traders that I know of didn't use any of the two yet they're still successful traders.

justdimin

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It is easy in theory but hard in practice. I have seen people struggling in becoming a profitable trader just because they can't follow one of the rule above. The statistic has shown that only 5% of traders earn money while the rest give up trading in less than 2 years

Lots of efforts are required because sometimes, trading is extremely exhausted and you do not know whether you are suitable for it or not. Loss and depression will cause you to stress. In the end, you will find that getting rid of trading is better.

I still can't believe that statistic. Is that really true? Are we certain about that? Right now looking at the crypto world we can see that almost everything went up, hell just doge created new millionaires from the start of 2020 if you look at how much it went up, so I am not entirely sure if that 5% is still correct.

Of course it could be correct and I could be wrong, but it feels like this is not really true at this current moment, maybe if you look at it in general terms. Even if its true, that 95% that lose money or whatever the % truly is, that just means that people do not know when to stop trading and when to start investing. I am an investor not a trader and I believe it would be very difficult for me to lose money this way, and that usually means I will always make a profit and just need time to make that, 95% of the people should have realized this by now.

geegaw

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Quote from: death69 on May 05, 2021, 06:44:42 AM

Quote from: Woodie on May 01, 2021, 06:49:13 PM

First and foremost, you need to understand trading is not a get rich quick scheme!

Secondly you need general forex knowledge about charts, candles, patterns and how to analyze markets using top down analysis.

Last but not the least you need patience.

With all this put together you can come up with your own strategy.

It is easy in theory but hard in practice. I have seen people struggling in becoming a profitable trader just because they can't follow one of the rule above. The statistic has shown that only 5% of traders earn money while the rest give up trading in less than 2 years

Lots of efforts are required because sometimes, trading is extremely exhausted and you do not know whether you are suitable for it or not. Loss and depression will cause you to stress. In the end, you will find that getting rid of trading is better.

Heavy work environment full of metrics and rules, besides rules is a mind game among users, every step is accompanied by computation, that makes the average person feel very obsessive about trading after a while, they are afraid of things that might make them desperate, such constant rushing forces them to escape from this wall in search of lighter jobs. Forcing our selves to fit into trading is difficult, our qualities and talent decide too much, but success comes to the most persistent, it's a common story here.

death69

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Quote from: Woodie on May 01, 2021, 06:49:13 PM

First and foremost, you need to understand trading is not a get rich quick scheme!

Secondly you need general forex knowledge about charts, candles, patterns and how to analyze markets using top down analysis.

Last but not the least you need patience.

With all this put together you can come up with your own strategy.

It is easy in theory but hard in practice. I have seen people struggling in becoming a profitable trader just because they can't follow one of the rule above. The statistic has shown that only 5% of traders earn money while the rest give up trading in less than 2 years

Lots of efforts are required because sometimes, trading is extremely exhausted and you do not know whether you are suitable for it or not. Loss and depression will cause you to stress. In the end, you will find that getting rid of trading is better.

k@suy

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Quote from: wahyu wida on April 29, 2021, 10:49:04 PM

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

To be honest being a newbie trader has a lot of things to undergo before they can come up to the most effective strategy that will suit for them and they can use in trading. Sometimes it is difficult to think that we may experience most loses than winning and that is the only outcomes of trading. In trading losing cannot be avoided and for me it is the turning point of every trader where they can learn from their mistake and where they can figure out what would be their next best move.

Lanatsa

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Quote from: bitgolden on May 03, 2021, 04:38:14 PM

Quote from: Jaycee99 on April 13, 2021, 08:12:57 PM

I want to explain my strategy but it's just giving me anxiety all I know is wrong for it failed a few times.
-*-

as long as it is also useful for others, there is no need to hesitate to provide mutually beneficial information. maybe there will be a correction that occurs if you express it and it is necessary, because we complement each other.

OP never bothered to reply and provide extra information other than what was written on the open-post. They probably watching this topic but never found time to interact with us.

Are these things still surprising up to these days? No they aren't because most of people would just simply make up some thread and just simply leave it and made out no interactions or responses on the
thread that they had created.

Majority are those noobs out there or even to those older members of this forum who doesn't care about looking back and trying to be responsive or make out some discussion toward the community.

Going back on topic about trading failures is just these things are really that normal.There's no someone who can make out perfect profitable trades and when we are just starting then
failing or losing money is very common but hey, these things will really give you a lesson.

bitgolden

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Quote from: Jaycee99 on April 13, 2021, 08:12:57 PM

I want to explain my strategy but it's just giving me anxiety all I know is wrong for it failed a few times.
-*-

as long as it is also useful for others, there is no need to hesitate to provide mutually beneficial information. maybe there will be a correction that occurs if you express it and it is necessary, because we complement each other.

OP never bothered to reply and provide extra information other than what was written on the open-post. They probably watching this topic but never found time to interact with us. I was also curious to know that strategy but after the ignorance of OP, I just switched to other topics and not bothering here anymore.

Anyhow, I am sure lots of newbie and naive traders might have learned something out of this topic which must be the success of open discussion rather than bothering about who started one discussion and it will be useful for their problem or not.

Rehan Zakir

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Trading is not an easy task brother. If your trading style does not gives yo profit then please change your trading style because there are huge opportunities of making money through trading. Just find the opportunities and apply these techniques in your trading style to earn good profit.

Woodie

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First and foremost, you need to understand trading is not a get rich quick scheme!

Secondly you need general forex knowledge about charts, candles, patterns and how to analyze markets using top down analysis.

Last but not the least you need patience.

With all this put together you can come up with your own strategy.

jossiel

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Quote from: Maslate on April 30, 2021, 04:56:10 PM

Quote from: jossiel on April 30, 2021, 04:42:29 PM

Quote from: wahyu wida on April 29, 2021, 10:49:04 PM

Quote from: jossiel on April 30, 2021, 04:42:29 PM

~snip~

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

I agree that it's all a process and they'll learn it overtime.

Whether we classify them as a newbie and not yet a trader, they'll still be going that way and soon they will be the ones giving advises to others. Sharing those experiences that they've made, good and bad ones.

Just like us, we knew how to deal with it when we've gained knowledge and experience and decided whether to remain as a trader or just be a plain holder.

If we don't give up easily, we always have a chance to correct our mistakes, slowly we will learn but we need to be aware of fund management as that's the most important thing. We start small then slowly if we feel we are already becoming consistent, that's the time to increase the capital. It's okay to be aggressive but should be at the right timing, timing when you already are experience and more knowledgeable on what you are doing.

Yes, in that process, those mistakes that we did before will be corrected and will be avoided easily because we have experienced it and we have an idea how the outcome would be if we're going to correct those past mistakes we did.

From passive to active and suddenly it goes through all the process.

That's how it goes when you're trading, you fail in the beginning and probably in the midst of it but if you have the guts and wants to continue, you'll learn from it.

But if there's really no hope, just stay being a holder.

Maslate

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Quote from: wahyu wida on April 29, 2021, 10:49:04 PM

Quote from: wahyu wida on April 29, 2021, 10:49:04 PM

~snip~

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

I agree that it's all a process and they'll learn it overtime.

Whether we classify them as a newbie and not yet a trader, they'll still be going that way and soon they will be the ones giving advises to others. Sharing those experiences that they've made, good and bad ones.

Just like us, we knew how to deal with it when we've gained knowledge and experience and decided whether to remain as a trader or just be a plain holder.

If we don't give up easily, we always have a chance to correct our mistakes, slowly we will learn but we need to be aware of fund management as that's the most important thing. We start small then slowly if we feel we are already becoming consistent, that's the time to increase the capital. It's okay to be aggressive but should be at the right timing, timing when you already are experience and more knowledgeable on what you are doing.

jossiel

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Quote from: wahyu wida on April 29, 2021, 10:49:04 PM

~snip~

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

I agree that it's all a process and they'll learn it overtime.

Whether we classify them as a newbie and not yet a trader, they'll still be going that way and soon they will be the ones giving advises to others. Sharing those experiences that they've made, good and bad ones.

Just like us, we knew how to deal with it when we've gained knowledge and experience and decided whether to remain as a trader or just be a plain holder.

el kaka22

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I am not going to tell you that there is and I am also not going to tell you that there isn’t, and that’s because I have not really seen any of these happen while I am there.

I haven’t seen any Facebook group that’s giving out signals to anyone just like that and also if there is anyone that really knows the market and where it’s heading to, I don’t think they are going to be on Facebook and giving out the signals for free?? they are definitely going to be in a platform where they will be able to have limited members who will be paying them for what they are doing.

LUCKMCFLY

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Quote from: SquallLeonhart on April 29, 2021, 02:40:05 PM

I don't usually join groups about trading because you'll mostly see shilling on those groups. Just take time to study the market and always look at the news and study technical analysis because that will help you most as you trade.

Even we are joining social media group, we should not listen to them for financial decision. All financial decisions should be made from by our own research and analysis; because it is our money and no one could care like how we are doing. So, always learning the basics of trading and investment will help anyone.

Failing in trading is very common in crypto space but we must take time to gathering knowledge about trading so that we can develop trading skills and then we can recover previous losses.

But the sad news is that there are traders mostly, the new ones who hear them out.

And those people are making their thoughts as financial advice and being followed by those newbies. They have an initial thought by following such will make them wealthy.

Although in the end, they're just blindly following.

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

I think that beginners get carried away by the commercials that traders mount, with huge luxury houses, a great late-model car, and they show a life of waste and sometimes even parties, but you have to open their eyes because most of them don't. They live that life, everything is a montage, what happens is that good publicity makes people fall in love, if these traders were so successful they would show their trades, with profits and losses, with their previous analysis, they put it live and then they wait to see if they win or not, that will never happen.

The few who risk trading live, the experiences are usually not very good because the followers do the same step and the price can go against and lose, if the beginners want to have first level information the best thing is to start doing a lot of reading and trying to understand the market. The best advice is always in the books, I always recommend reading any book by Livermore and Wyckoff, because they do not teach technical analysis, they only teach how to react to any eventuality in the market.

wahyu wida

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Quote from: SquallLeonhart on April 29, 2021, 02:40:05 PM

Quote from: SquallLeonhart on April 29, 2021, 02:40:05 PM

I don't usually join groups about trading because you'll mostly see shilling on those groups. Just take time to study the market and always look at the news and study technical analysis because that will help you most as you trade.

Even we are joining social media group, we should not listen to them for financial decision. All financial decisions should be made from by our own research and analysis; because it is our money and no one could care like how we are doing. So, always learning the basics of trading and investment will help anyone.

Failing in trading is very common in crypto space but we must take time to gathering knowledge about trading so that we can develop trading skills and then we can recover previous losses.

But the sad news is that there are traders mostly, the new ones who hear them out.

And those people are making their thoughts as financial advice and being followed by those newbies. They have an initial thought by following such will make them wealthy.

Although in the end, they're just blindly following.

beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process

jossiel

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Quote from: ringgo96 on April 28, 2021, 11:24:15 PM

I don't usually join groups about trading because you'll mostly see shilling on those groups. Just take time to study the market and always look at the news and study technical analysis because that will help you most as you trade.

Even we are joining social media group, we should not listen to them for financial decision. All financial decisions should be made from by our own research and analysis; because it is our money and no one could care like how we are doing. So, always learning the basics of trading and investment will help anyone.

Failing in trading is very common in crypto space but we must take time to gathering knowledge about trading so that we can develop trading skills and then we can recover previous losses.

But the sad news is that there are traders mostly, the new ones who hear them out.

And those people are making their thoughts as financial advice and being followed by those newbies. They have an initial thought by following such will make them wealthy.

Although in the end, they're just blindly following.

Mahanton

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-Buy books About TA
-Read references on the internet and youtube videos
-Join a course

You have to have a mentor to be able to trade on good terms. because they will share experiences on how to analyze the market and manage money management. directly will definitely get different things if we follow the class. I have shared with my friend who has been a trader in stocks and crypto for a long time to be able to share how to control emotions. pay for this in my opinion is balanced than if you learn yourself, which is the same, you will experience losses and could be greater

Buying Books about TA is commendable but not really much since most of those information can already be attained or get on online and also its better to look up on Youtube videos instead
because it would be more understandable and you can easily cope up the information rather than on reading up text but well this is just a matter of users preference.
It might not really be precisely give you the advantage but it would be much better if you are really aware with these things rather than on making some blind trades.
Failing isnt a reason because all of us would really be coming into that point.It is just on how you do sustain yourself and never give up.

SquallLeonhart

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