Reasons why the 95% of future traders lose all of their money - page 3.

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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.

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

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Quote from: DevilSlayer on November 15, 2022, 10:29:16 AM

1. 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.

We cannot deny that Futures trading really plays with very high feelings, emotions and stress. It is because of this that future trading becomes very risky, the loss or profit is very thin, but you can lose or earn a lot. In this case, when a person is not ready and unable to manage their psychology, their emotions, and also their stress level, then this will greatly affect the decisions they make. Panic will drive a futures trader to make wrong decisions at crucial times, such as panic selling or panic buying. Even in future trading, this is very risky to happen which will result in failure.

Quote from: DevilSlayer on November 15, 2022, 10:29:16 AM

Trading system – The trading system is considered the blueprint of your trading journey

There are some different ways and strategies of trading systems. A trader may have a different trading systems and strategies from others. But sometimes, many people are only following another trading strategy by not understanding what happened to them actually, without understanding their own ability to deal with the trading strategy. So, although the ways and strategy are the same, the result may be different or vice versa. And in this case, again, some lost people will blame others.

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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.

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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.

Most of them actually don't know what they are getting into. Should just stick to spot trading because the risk in futures is very high.
A lot of new crypto traders I believe are going into futures because of the idea that they will get rich fast with this venture.
However, they will soon find out that futures can easily rekt their funds in no time. You have a lot of things to consider in this type of trading.
Much better if you are using your extra extra funds. So it is not hard in your pocket. Some are using borrowed money, which is not an advisable thing to do.
Spot trader needs a lot of experience and skills before they will see good profits, how much more if you venture in futures?

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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.

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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.

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

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.

Forex trading companies are the set of acclaimed traders that have bastardised the forex trading market and made people think of it as perhaps scam. They give so much hope to people and collect their money to trade for them, promising 100% profit daily, weekly and monthly and this is never possible. These people can't trade but only gamble with the money, initially they could be gambling correctly when the market is not volatile but on a volatile season they begin crashing down. It is better to allow people to do their trading by themselves, make their mistakes and learn from it and by that they understand that trading Forex market is real but not easy so they decide to stay or disappear from the market after burning out their finances different times. Grin

CryptSafe

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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.

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Quote from: wxa7115 on December 16, 2022, 11:47:26 PM

The majority of those losing their money with futures were not ready for it, one thing I find surprising when it comes to the markets is that somehow traders expect to become proficient at it in a matter of weeks and this is not possible.

That will happen to a trader that underestimates the market volatility. They are supposed to be ready enough to handle stress to believe that Futures Trading isn't just easy as they think. Otherwise, they will just fail and broke.

Quote

Becoming a good trader is a long process in which a series of steps needs to be taken, and if you try to skip those steps then your trading skill will not be as high as it should be and it will be incomplete as well, so when you face adverse market conditions you will make several mistakes which will cost you a lot of money, and those huge mistakes are the ones that end up destroying your account and your capital.

That certainly takes several months. Though we don't need perfection at least we have deep knowledge about trading and more experience as this is a huge factor in how to make a profit from trading. In fact, as we can see that real traders keep on trading despite the situation as they can manage how to handle difficult situations like during bear season and still make some money.

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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.

It's true that the key is to choose the most suitable for ourselves and sometimes for some people they don't know either.
safer does not mean there is no risk and indeed with Bitcoin trading at least the risk is not as big as altcoins,
however top altcoins like Ethereum and BNB are also good

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Quote from: virasisog on December 11, 2022, 11:12:05 AM

The risks in trading are manageable and bearable if we understand how the market moves and we're fully aware of how to deal with the volatility of cryptocurrency. Trading in futures is a challenging thing and it will surely be more like gambling if you aren't familiar with it. Honestly, it will take time for you to learn everything and for you to you fully understand it. If you're a beginner, you'll surely end up having big losses if you couldn't apply any effective strategy to succeed futures. It requires knowledge and a series of research.

The majority of those losing their money with futures were not ready for it, one thing I find surprising when it comes to the markets is that somehow traders expect to become proficient at it in a matter of weeks and this is not possible.

Becoming a good trader is a long process in which a series of steps needs to be taken, and if you try to skip those steps then your trading skill will not be as high as it should be and it will be incomplete as well, so when you face adverse market conditions you will make several mistakes which will cost you a lot of money, and those huge mistakes are the ones that end up destroying your account and your capital.

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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.

When you do find yourself not really that good nor effective on trading then you would really be opting in holding instead and wont tend to grasp or deal with the risk on dealing with those volatile movements which it is really just that wise and sensible act to be done by someone.Although there are some who cant just take up the risk and not able to try out on doing trading but instead
they do wait up for long term.It isnt really bad since we know the potential of Bitcoin when it comes to its future prices.It is really just that not an assure thing to happen
this is why risk management is really that important on touching or dealing up with these things.

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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.

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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.

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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.

This strategy is very profitable but takes time though doesn't not a lot of screen time as you are waiting for breakout. I usually trade with the trend (as always follow the trend and don't counter it) as my strategy really works in this kind of market but when the market is on sideways usually I don't trade as I am losing that time. I am still learning to trade to improve my strategy so that we could gain more profit or can find decent strategy.

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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.

There are lots of types of traders but they do share up on the common target or signal which neither those breakouts and possible bear/bull traps which is something that you do really need to look upon.

Doesnt matter whether you are a swing,breakout or typical support and resistance type then it would do, as long you would really be making out profits then thats what matter the most.

It just really turns out that people do really love to touch up with those 50-120x leverage which is something i do consider to be already a gamble.
I cant just take up that certain risk even how rewarding it would be.

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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.

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Quote from: Issa56 on December 11, 2022, 05:55:34 PM

From what I think, I believe the first thing you should do as a trader is to make sure your analysis is correct. I have seen someone trading with stop loss before and he keeps on losing money, let's assume he enters a trade and he set his stop loss at - 10% of his capital immediately the stop lose as being triggered, he will enter another trade again and he will set stop loss at - 10% of his capital, the stop lose was triggered again, that was how he was losing his money gradually, am not saying stop lose is bad but we should always make sure we do our analysis well first. whenever am trading I don't really use stop loss but am always online to monitor my trade myself, I don't really believe in stop loss but I don't discourage people from using it.

I think what he mean by taking risk on our own way is we go on our own and we don't follow what is commonly suggested. If we are a starter and have less experience then we shouldn't be hard headed but we must follow what the elders are saying because they already have an adequate experience on this market.

Analysis is essential in trading but I think this isn't the first thing that we should learn as a beginner. There are more important things than this. The reason why is because analysis can still fail no matter how sure you are. Stop loss on the other hand, is not a magical tool to help us prevent from losing but it can work like a charm as long as you already know how to use it the proper way.

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Quote from: DevilSlayer on November 15, 2022, 10:29:16 AM

1. 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.

Sometimes trading is just a psychological and mental game for the most of part. It's including me that some of the crashes event in past years actually affect my mental and make my decision become worse and ended up in losses. But good thing is that every time I experience same thing again and you know what to do as the experience develops overtime for every trade and fails you make.

Quote from: DevilSlayer on November 15, 2022, 10:29:16 AM

3. Risk management – The reason why people blow their futures account in less than a year is that they have poor risk management. Always remember that it is not about how much money you make, but it is about how much money you don’t lose. Risk management helps us trader's accounts from losing all of our money. Through risk management, we can know if the trade is worth it or not.

This is like double-edged sword. It could give you big profit if done correctly but otherwise it's a trap for most people.

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Quote from: Ararbermas on December 09, 2022, 10:40:31 AM

Risk management and skills is the most important things specially in futures trading, wherein reason mostly fails and blown their money because they take all the risk on their own way not the real way of trading.

Seriously I will be glad if you can explain more about the statement which you made above, what do you mean by people take all the risk on their own way and not the real way of trading? I don't know what you mean by risk in trading way.

Quote from: palle11 on November 26, 2022, 12:34:38 PM

The best guarantee to keep your fund is when you use stop loss and this is good trading strategy to adopt. Using it allows you to cut your losses before you get into the market and if you do a good analysis, you land in profit taking.

From what I think, I believe the first thing you should do as a trader is to make sure your analysis is correct. I have seen someone trading with stop loss before and he keeps on losing money, let's assume he enters a trade and he set his stop loss at - 10% of his capital immediately the stop lose as being triggered, he will enter another trade again and he will set stop loss at - 10% of his capital, the stop lose was triggered again, that was how he was losing his money gradually, am not saying stop lose is bad but we should always make sure we do our analysis well first. whenever am trading I don't really use stop loss but am always online to monitor my trade myself, I don't really believe in stop loss but I don't discourage people from using it.

Topic: Reasons why the 95% of future traders lose all of their money - page 3. (Read 1323 times)