Reasons why the 95% of future traders lose all of their money - page 2.

Reatim

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Quote from: palle11 on December 27, 2022, 08:11:27 AM

Quote from: Reatim on December 24, 2022, 12:45:50 AM

you cannot be a trader if did not spend too much time for this area because Trading needs skills , time and effort and of course Knowledge that is very important in this part.
I must admit that for how many times that I tried to trade but losing is what I got so maybe better to understand this strongly before dealing with more money .

This is the real factor for a trader to understand. If you jump into trading then you will also jump out of it. It is better learning the rudiment of trading than going in like that as novice. Trading is like farming, with farming you have to be ready with your hoes and cutlass likewise in trading, you have to know how to use your indicators and how to do a proper analysis of them.

The hardest part of investing is that understanding that you will lose insignificantly if you don't pay attention to the investment place meaning if you don't have that knowledge then you will surely lose everything from your funds.
this is how many of people here crying for years because they tend to blame the market when the true stupid is them seeking for profit in something they don't fully understand .

Quote from: BossTrack on January 02, 2023, 02:30:14 PM

It's brutal for most people, I think outcasts tend to cope better. I remember watching a reality show called "Million Dollar Traders" - it should be on YouTube, it took regular joes and taught them the basics of stock trading and held a contest to see who could make the most - long story short over half of them had a mental breakdown and quit before it ended.

Have watched this as well and indeed that Trading isn't that easy to understand specially for average people .

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Quote from: freedomgo on January 02, 2023, 04:29:59 PM

Quote from: Rockstarguy on December 17, 2022, 05:01:47 PM

Quote from: Subbir on December 11, 2022, 07:39:38 AM

The reason for losing money in trading is that most traders are new to the crypto market and expect to make more profits in a short period of time, in which case they face more losses. To determine risk tolerance, start trading with a virtual account and analyze the market well. If you have limited risk capacity and cannot handle large losses then it is better to close the trade.

People lose money in trading for different reasons, some maybe because of not having good understanding about trading but they force their self in trading just to make money. Some people come into trading having a mindset to become rich without making good research to know the essence of trading. Lack of knowledge is the reason why people lose all of their money in trading. If traders should consider learning and having patience their wont be to much lose of money.

Remember that losing is still a part of trading, so even if traders tend to be more knowledgeable and skilled, there are still unavoidable losses that are hard to resist. What makes more difference in trading is that traders should have the right mindset, why they are in trading and what will make them survive in trading despite of their imperfections as traders.

That's right because even experience people miscalculate things which cause them for losing and there's no total assurance of getting profit with it that's why for newbies they should not believe that someone is earning a passive income with it since trading is somehow gives unexpected scenarios which can cause a lot to everyone. Maybe the least we can do is to avoid losing big and how to discipline ourselves to not getting more greedy to want more if we are already winning.

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Quote from: Rockstarguy on December 17, 2022, 05:01:47 PM

Quote from: Subbir on December 11, 2022, 07:39:38 AM

The reason for losing money in trading is that most traders are new to the crypto market and expect to make more profits in a short period of time, in which case they face more losses. To determine risk tolerance, start trading with a virtual account and analyze the market well. If you have limited risk capacity and cannot handle large losses then it is better to close the trade.

People lose money in trading for different reasons, some maybe because of not having good understanding about trading but they force their self in trading just to make money. Some people come into trading having a mindset to become rich without making good research to know the essence of trading. Lack of knowledge is the reason why people lose all of their money in trading. If traders should consider learning and having patience their wont be to much lose of money.

Remember that losing is still a part of trading, so even if traders tend to be more knowledgeable and skilled, there are still unavoidable losses that are hard to resist. What makes more difference in trading is that traders should have the right mindset, why they are in trading and what will make them survive in trading despite of their imperfections as traders.

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Quote from: BossTrack on January 02, 2023, 02:30:14 PM

It's brutal for most people, I think outcasts tend to cope better. I remember watching a reality show called "Million Dollar Traders" - it should be on YouTube, it took regular joes and taught them the basics of stock trading and held a contest to see who could make the most - long story short over half of them had a mental breakdown and quit before it ended.

There might be things which had been introduced by someone and it do looks interesting since it do really involves huge money or possible income but on the time that you do make out such engagement
then it isnt something that simple you could able to bare or deal with and this is why you should really be sensible on making yourself that able to adjust basing up on the situation.
If you arent really that versatile when it comes to those unexpected and sudden changes of those scenarios or conditions then you would be finding yourself to be that impulsive
or something that you wont really be that to make out some good decisions just because you are already panicking.

BossTrack

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It's brutal for most people, I think outcasts tend to cope better. I remember watching a reality show called "Million Dollar Traders" - it should be on YouTube, it took regular joes and taught them the basics of stock trading and held a contest to see who could make the most - long story short over half of them had a mental breakdown and quit before it ended.

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Quote from: Ayers on December 15, 2022, 07:28:28 AM

Quote from: Chato1977 on December 15, 2022, 06:30:20 AM

Quote from: layoutph on December 14, 2022, 01:32:16 PM

Hi guys, I am a breakout trader. I only trade if theres a breakout or breakdown of a certain coin in a trendline. Can you share what type of future trader you are? I am currently trading $ADA and $BTC. I am not an expert but still learning.

Am not a trader at all but a Hodler , I want a secure and safe investment and I find this in Holding , for couple of years I successfully managed to earn from this so I wont have to try others.
best to not use BTC for trading because this is a hard to bounce coin short term.

I am also a holder because I don't have too much time to trade and feel I am not fit to trade, they pressure me to the point where I lose more than win in trades. Holding or trading can be profitable and it is important that we choose which one is right for us to achieve the best results. Neither is better than the other, but choose the one that works best for you. In my opinion, trades in bitcoin are more secure than altcoins.

Well, I think that the meaning of everything is that when Bitcoin goes up, all the altcoins do, and here at that very moment is when it is good to buy the altocins, because if bitcoin remains in a bullish trend, the altcoins go up like foam, I think that at that moment the people who see the movement will stop belonging to that 95% of losers, what happens I know that the crypto market is quite hard, it has many traps and has many things that you have to know how to read, you don't have a consolidated volume, which makes its analysis more difficult, these are the things that should be seen before operating.

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A trader who intends to control their trading psyche is expected to have a well-structured trading plan. Trading often has a high risk to reward ratio, whether it be with futures or spot. Future traders' losses cannot be controlled by any risk management or trading plan. A trading strategy outlines the trader's expectations for each deal, highlights strategies, and expressly states the risk management strategies that the trader intends to use in the future. Many traders have forgotten their trading plans; even those who do make them don't care to refer to them before each trade. Most of the time, the reasons that prevent traders from producing a steady profit are not as complicated as they are made out to be; instead, they frequently stem from basic elements.

Wolfblood200$

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Psychological – Trading is inherently risky; futures traders should be aware that no trade has a guaranteed outcome. When you put a trade, you are correspondingly accepting the risk but that’s where the problem comes in. All of the traders are taking the risk but are they accepting that the trade has a non-guaranteed outcome? The answer is No. Consistent traders are aware that there is no sure profit or magic in trading. They embrace the risk where if they lose, it is okay for them because they know that there is no guaranteed outcome.

If this above statement is proven true then I guess crypto trading is no different from gambling.

mindrust

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It is because trading is a zero sum game. Exchanges are like casinos and currency spread is the house edge. As long as no new money enters to the crypto space, people will try to win against each other. Exchanges will be the winners no matter what other people do because of currency spread.

Traders need to be patient and have a clear mind. Remember the quote: "Bears make money, bulls make money, pigs get slaughtered."

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Future trading is like a casino. A lot of traders have to lose so that a few can win. Anyone who trades based on news, is just a speculator. As a future trader, are trading against sharks and intelligent computers. You lose money when you do not set a target or have a strategy in place. And note that this strategy should be more than just buying low, and selling high. One other thing is that traders need to deal with greed and fear factor first to keep them from losing money.

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Quote from: palle11 on December 27, 2022, 08:11:27 AM

Quote from: Reatim on December 24, 2022, 12:45:50 AM

you cannot be a trader if did not spend too much time for this area because Trading needs skills , time and effort and of course Knowledge that is very important in this part.
I must admit that for how many times that I tried to trade but losing is what I got so maybe better to understand this strongly before dealing with more money .

This is the real factor for a trader to understand. If you jump into trading then you will also jump

The courage to risks and embrace that the money you put into futures trading is considered a loss can be hard for someone. If I am just trading on EUR/USD, I can sure be able to limit the amount and consider them loss for like $500 and I play it all. But with BTC/USDT, I'm up to seeing that 0.03 BTC may be worth $500 even if I hold or trade on the spot market.

Only 5% are successful futures trade. They must be really good though.

palle11

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Quote from: Reatim on December 24, 2022, 12:45:50 AM

you cannot be a trader if did not spend too much time for this area because Trading needs skills , time and effort and of course Knowledge that is very important in this part.
I must admit that for how many times that I tried to trade but losing is what I got so maybe better to understand this strongly before dealing with more money .

This is the real factor for a trader to understand. If you jump into trading then you will also jump out of it. It is better learning the rudiment of trading than going in like that as novice. Trading is like farming, with farming you have to be ready with your hoes and cutlass likewise in trading, you have to know how to use your indicators and how to do a proper analysis of them.

Reatim

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Quote from: d3nz on December 17, 2022, 12:59:20 PM

Quote from: Peanutswar on December 17, 2022, 11:10:34 AM

Quote from: CryptSafe on December 17, 2022, 09:11:25 AM

Most people that call themselves traders are not what they claimed to be. Some I guess were not properly groomed well in the process, some did not rey have the knowledge of how it works, no demo, no practice. They just finished watching maybe a YouTube channel attributed to forex trading and after that they delve into spot trading saying they have the knowledge of what they are doing and at the entire end blowing up their account. I only pity people who have no idea about these people and are desperate to make money. At the entire end they get into the wrong hands and their investment ends up being blown by the self acclaimed traders.

This is the same issue with some so called forex trading company. They have blown lots of account and investors funds all in the name of trading to make profit when they know they are not good at their claims.

Some people called themselves already a trader because they execute a trader but not just only this because being called as a trader is like a huge name but in the wider perspective being a trader is really big investment of knowledge and skills to make sure you can make a proper execution of the trade with this knowledge, skills and experience can come up with the proper profit and execution of trades that's why being a trader is a hard thing that's why only few people stay with it because they know already the essentials and some of them too are not going with it because they lose a lot of money than they have.

Yes, this is true, They are calling themselves a trader even if they did it for only a week. I would say that future trader is losing their money since they are executing their trade without a proper plan and are emotionally triggered if they lose a position.

you cannot be a trader if did not spend too much time for this area because Trading needs skills , time and effort and of course Knowledge that is very important in this part.
I must admit that for how many times that I tried to trade but losing is what I got so maybe better to understand this strongly before dealing with more money .

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Quote from: Crypto Library on December 19, 2022, 01:54:26 PM

Quote from: |MINER| on December 19, 2022, 01:30:46 PM

It is true that all these ideas remain within those new traders who have made some profits for a short period of time. But in my opinion trading or future trading whatever you say is not that easy there is many things you have to learn before starting trading professional technical analysis,. Chart reading etc. But now I have seen many people who were coming into trading from the greedyness without any knowledge about trading and losing fund. I think this is one of the main cause or using money.

However, I will mention another reason that stands up to the Knowable Trader also and that is not following the strategy or breaking the strategy out of greed, many times it has been seen that the entire fund has disappeared while waiting for just a few dollars more profit in futures trading.
I would call this part of OP's psychological statement because here we cannot control our emotions. Future trading is very risky unknowingly and knowingly people are making mistakes here so I would say following the OP's mentioned statements can be of some benefit if you want to do future trading.

It is said that trading business is a playground where one has to play with intelligence, prudence, experience and patience etc. And when it comes to futures trading, it is naturally necessary to acquire proper knowledge on all the mentioned topics. One of the most common mistakes for future trader is lack of proper knowledge. A futures trader should have a good idea of his trading leverage and his tradable balance. He should also have adequate knowledge about the asset he is looking to trade. Moreover, the market trend is also an important factor. A futures trader must focus on a specific asset. A focus on multi-currency must be abandoned. It is very important to analyze everything patiently before taking any trade. Most traders unknowingly go into futures trading without doing any research, which often leads to liquidation of assets.

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Well, this statistic is the most real thing that can be done in the Crypto market, it is very difficult to be one of the most profitable when a crypto market, because eventually the people who enter thinking that they will become rich by scalping are usually in for a big surprise, some They lose so much money that they no longer want to trade, or do technical analysis, or follow groups of premium signals or something, if this were real then the statistics would be very different, at least they would give the percentage of 95 a good value. % and I think that sometimes the percentage of losers can be more.

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Quote from: |MINER| on December 19, 2022, 01:30:46 PM

It is true that all these ideas remain within those new traders who have made some profits for a short period of time. But in my opinion trading or future trading whatever you say is not that easy there is many things you have to learn before starting trading professional technical analysis,. Chart reading etc. But now I have seen many people who were coming into trading from the greedyness without any knowledge about trading and losing fund. I think this is one of the main cause or using money.

Huge profit earn trough future trading make new trader interested try it and not understand yet about liquidity and margin used and leverage, new trader viewed only with how much profit earn with future trading and they not really understand yet about future trading work.
Some trader in future seems greedy and not enough with how much profit earn until get floating and their out predicting until get notification with margin call and liquid coming. Not good ideas for new trader try first with future trading regarding have lack knowledge how to analyze and know all detail with future trading working.

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Quote from: Crypto Library on December 19, 2022, 01:54:26 PM

Quote from: |MINER| on December 19, 2022, 01:30:46 PM

It is true that all these ideas remain within those new traders who have made some profits for a short period of time. But in my opinion trading or future trading whatever you say is not that easy there is many things you have to learn before starting trading professional technical analysis,. Chart reading etc. But now I have seen many people who were coming into trading from the greedyness without any knowledge about trading and losing fund. I think this is one of the main cause or using money.

Yes it is true what you mentioned here because I see there are many people who are facing loss in trading for this. However, I will mention another reason that stands up to the Knowable Trader also and that is not following the strategy or breaking the strategy out of greed, many times it has been seen that the entire fund has disappeared while waiting for just a few dollars more profit in futures trading.
I would call this part of OP's psychological statement because here we cannot control our emotions. Future trading is very risky unknowingly and knowingly people are making mistakes here so I would say following the OP's mentioned statements can be of some benefit if you want to do future trading.

I saw massive losses from a future trading stream before because of the greed of the trader. Because of that extra dollar, they are breaking their plan which is fundamentally wrong especially on futures trading where you can be liquidated anytime. I believe that it is very important to follow the plan we have on futures trading given that it is the major guide of the trader when and where would he position himself but yeah sometimes the greed trashes the traders plans. Futures trading is very risky and I learned it the hard way by losing money on it multiple times, Actually I have more losses than gain in my futures trading account. This is why I don't recommend it to newbies or other traders. Spot trading all the way!

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Quote from: |MINER| on December 19, 2022, 01:30:46 PM

It is true that all these ideas remain within those new traders who have made some profits for a short period of time. But in my opinion trading or future trading whatever you say is not that easy there is many things you have to learn before starting trading professional technical analysis,. Chart reading etc. But now I have seen many people who were coming into trading from the greedyness without any knowledge about trading and losing fund. I think this is one of the main cause or using money.

Yes it is true what you mentioned here because I see there are many people who are facing loss in trading for this. However, I will mention another reason that stands up to the Knowable Trader also and that is not following the strategy or breaking the strategy out of greed, many times it has been seen that the entire fund has disappeared while waiting for just a few dollars more profit in futures trading.
I would call this part of OP's psychological statement because here we cannot control our emotions. Future trading is very risky unknowingly and knowingly people are making mistakes here so I would say following the OP's mentioned statements can be of some benefit if you want to do future trading.

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Quote from: xSkylarx on December 17, 2022, 08:06:27 PM

Quote from: Rockstarguy on December 17, 2022, 05:01:47 PM

Quote from: Subbir on December 11, 2022, 07:39:38 AM

The reason for losing money in trading is that most traders are new to the crypto market and expect to make more profits in a short period of time, in which case they face more losses. To determine risk tolerance, start trading with a virtual account and analyze the market well. If you have limited risk capacity and cannot handle large losses then it is better to close the trade.

People lose money in trading for different reasons, some maybe because of not having good understanding about trading but they force their self in trading just to make money. Some people come into trading having a mindset to become rich without making good research to know the essence of trading. Lack of knowledge is the reason why people lose all of their money in trading. If traders should consider learning and having patience their wont be to much lose of money.

When we say trading for those people that are new to it will say that you can earn big from it and you can easily do it . That is most of my coworker first impression when i say trading in which it isn't true. If your mindset in trading is only getting money from market then you'll be having difficulty to earn from it. You should think really first about learning and understanding it as you need first to connect with the market before you can trade and earn profit

It is true that all these ideas remain within those new traders who have made some profits for a short period of time. But in my opinion trading or future trading whatever you say is not that easy there is many things you have to learn before starting trading professional technical analysis,. Chart reading etc. But now I have seen many people who were coming into trading from the greedyness without any knowledge about trading and losing fund. I think this is one of the main cause or using money.

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Quote from: xSkylarx on December 17, 2022, 08:06:27 PM

When we say trading for those people that are new to it will say that you can earn big from it and you can easily do it . That is most of my coworker first impression when i say trading in which it isn't true. If your mindset in trading is only getting money from market then you'll be having difficulty to earn from it. You should think really first about learning and understanding it as you need first to connect with the market before you can trade and earn profit

Trading futures is one of the complicated stuff in the crypto market, however it's considered as the crude oil of trading with crypto. There are two major trades in crypto, we have the spot trading and the future trading. It's complex to trade with futures as there are basis that it comprises of other than spot trading. 95% of traders tend to loss all their profits to the market due to greed. The market is critical to understand and a trader learns everyday, new things are discover in the market.

Topic: Reasons why the 95% of future traders lose all of their money - page 2. (Read 1326 times)