Topic: Reasons why the 95% of future traders lose all of their money - page 5. (Read 1323 times)

Having emotional control when trading and being in control of your greed is something that a successful trader should obtained. Even if the focus and determination is there, patience is there, but if you end up being greedy in all your trades, you will never be successful in all your future trades. Just learn not to live with your greed, but I guess it’s hardly impossible.

Greed is a natural trait that humans have and the level of greed also differs from person to person. It is very difficult to regulate psychology if we are not used to it, greed will arise when we are faced with a choice that is a win-win.
I also even stay away from futures trading because the risks are indeed higher, but some people who are able to control futures trading, can take advantage of every movement to make a profit. Futures trading is not for beginners because the risks are greater and also psychological control will determine profits.

All your points are valid especially the risk management one is the key reason why many people lose money.
To eradicate this issue we must predefine a risk to reward ratio which coincides with our risk management strategy.
The most important aspect here is to make sure we don't get our funds liquidated in futures trading.
In exchanges like binance we have an option to keep our futures trades segregated so that if one of our trades is liquidated then it won't effect our overall balance.

You've said something true about futures trading, but really one can never escape being greedy in trading. They may learn from their own experience, have emotional control and wise use of laverge, but things will not be as easy as we imagine and the practice will be very different.

I had to avoid futures trading because it's so hard to control my urges and emotions not to get greedy, so in the end I tended towards spot trading instead of futures trading so far. I can learn it, but I'd rather avoid something I don't understand properly.

Fighting without complete armor will result in injury and even death on the battlefield. Like Futures Trading which has a higher risk than spot trading or regular trading. Basic knowledge is indeed not enough for futures trading, it takes sufficient knowledge to be able to manage futures trading. Especially psychology is also a problem for all traders even though they are already professionals. Psychology is influenced by many factors, starting from poor risk management which will result in the strategy not working properly.
As you said, Futures trading requires commitment and determination to master it, so as not to lose everything. and what is also important is the use of leverage which must be wise, and adjusted to the circumstances and risks that can occur. Liquidation will obliterate everything.

Learning about the futures needs commitment and determination since it's too broad and there will be confusing things that you need to understand. You have to be sure that you like doing it and that you are willing to face the risks. Futures is different from the basic trading that we know so we can't apply the basic stragies that we know about it. If we'll do it without complete knowledge, it's like we're fighting a battle without complete gear.

Well, there is a lot of publicity that I have seen on social networks that always have the illusion that they always win, and they win with exorbitant percentages, something like taking a trade with a very large pump with 130%, something like that, so that for me already indicates which is all a lie, apart from when they say that you have to pay for membership, it is something that does not add up much, so being profitable in trading is something very difficult, I think those who achieve it would be very oppos and this also means that in bitcoin things can be done well, but those who do it well do not make this kind of offers, because they simply do not have the need to live from it but from trading.

While this is true and we have examples of this almost every day in the forum when there is a bull market, this does not mean that it is easy to understand as it makes no sense, if a person tried to practice law without the necessary knowledge everyone would think that such a person is wasting their time, and in many cases committing a criminal offense, however when it comes to trading someone can try it without any idea of what they are doing and yet this is considered to be normal and even a profitable strategy.

When you do something that you don't know of, you can't expect to be productive with it and that's why lack of knowledge is one of major reason.

Trading carelessly without any plans of learning from it is throwing money to the exchange and you expect nothing in return. But if you have plans of doing yourself a favor and you want to learn with the futures, you'll do something about it.

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.


Having that best entry price or time requires alot of time so we need to be patient about that. Some traders who are hasty do not allow for proper time for the trade they want and when you enter wrongly you see it with the loses coming immediately and might roll you out if you don't close the trade

That is the funniest thing about crypto and actually about most trading like stocks and forex and such as well. If you know more trading strategies, shouldn't they all confirm each other? Well very rarely they do, which usually means it is the right thing to do, but most of the time they show the opposite sides.

It means one is better than the other when that one is right, correct? Well, a week later the initially correct one becomes wrong and the other is right this time, so it is never the same strategy being correct neither. It is definitely a tough subject, and definitely causes a lot of question marks. Funny to me tbf because I just buy and hold, nothing questionable or complicated with mine.

To put it in simple terms some people despite knowing the very low chances they have of success they still decide to try their luck anyway, since they believe circumstances will turn favorable to them, one obvious example of this kind of thinking happens a lot with the people that want to become a movie star, the odds are probably 1 in 10000 or even worse than that, and yet that does not stop young people on their pursuit of fame and money.

Since people already know this then why do traders think they can some how predict the price correctly and beat the system? Or like some member said above, continous practice will eventually make a trader perfect in the field when it is clearly untrue. If bot or nobody can catch up the price correctly then no strategy applied can completely zero the chances of losing money.

Future trading is high risk high reward kind of trade (if you are lucky) because the exchange will always have the upper hand since it was designed that way. You can manage your risk by not being greedy.

these data do not seem to correspond to reality, I see many people making videos on youtube to teach people how to trade and these people, most of them are people who consider themselves gurus and specialists with many years of experience but are making videos on youtube and giving trading courses, which shows that even they are not making money with trading, the truth is that maybe not even 3% of people do not make constant profits when day trading whether futures or even normal trading, you can do it live on trade? do you know at least 5 people who can make a living from day trading? the truth is that I still haven't seen anyone who says they make a living from day trading, in this cryptocurrency market the only way to profit is by doing hodl in the long term


even if you study hard and for years, the truth is that no one can make a profit doing day trade and live on day trade, people lie and even create a telegram channel to give tips, they charge for these tips, others sell courses and others make money with youtube channel. why do you think people who have been day trading for years are giving courses and creating a telegram channel to charge money for the tips they give? if they were successful in the trade they wouldn't need it, it doesn't take a genius to realize that everyone doing day trades is losing money

If you jump in trading without even gaining knowledge and insights at first, then you will surely struggle in trading and find it hard to fight with your emotions. So if you keep on trading along with your emotions, you will never be successful and profitable in the end. The hardest part in trading is to trade while controlling your own emotions, and for me even pros in trading still fall on this which makes it very hard to fight.

Emotions and lack of knowledge are the top reason why many traders still suffer from a big losses and I see that as a normal scenario for every trader. We can be good sometimes with our few trades but remember, this is a risky way of making money so we can’t guarantee any profit. Expect for the worst when you trade carelessly but if you do it properly with good strategy, then you can be more profitable. Being a trader is not an easy job, do your best always to find the best entry and don’t focus with your emotion.

Everyone do their best to win with all trades that they do.

But being invested to your emotion is going to make you lose even more. That's not a good thing as a trader because you're going to overthink and that emotion you're feeling will make you want to be perfect with those trades that you do.

And you have to remember that no one's perfect even done with some strategies, it's just not enough and there will be days that you can't win against the market.

I am not a professional trader, but this is correct; however, while learning, you should observe all of the strategies that they use but do not imitate them. There are traders that want a lot of indicators in their charts, and others prefer the chart to be naked since that is their strategy. In the long run, if you already have a grasp on trading and have decided to create a demo account to try trading, that is the time you will formulate your own strategy and see if it is working or not; I am sure at first it will not be successful, but over time your strategy will have been tweaked and you will begin to earn profit from it. 

No, you misunderstood what I wrote about. I wrote that the more you know trading strategies, the more difficult it is to make a decision, since according to some we have to open a short, and according to others a long. A beginner, knowing only one trading strategy, acts according to it.

I agree.

Trading is indeed a very complicated way of earning money, especially if your mindset is to get rich overnight, or get big profits in every trade, that will just pressure yourself that will lead to big disappointments every time you will make a bad trade. The next thing that will happen is that your mental and emotional health would be affected and sooner it will be the one who is going to dictate you on what to do next, that mostly are bad trades.

The next would be chasing you losses because your pride said so, you'll never grow because your pride said so, you won't get back your losses because you will keep making mistakes, and that is because of yourself telling that you don't need more knowledge in order to gain back your losses.