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Topic: Reasons why the 95% of future traders lose all of their money - page 8. (Read 1323 times)

legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
There's a reason why a lot of successful traders use algorithms/bots/scripts to execute their trades — it's to take as much emotion as possible out of the picture.
I get a good point, you are correct on this. Basically, uncontrolled emotions can make traders lose money in the market, whether it's in futures or spot trading. Emotion management is a must have for every trader, but if they use tools like bots then it will be very helpful.

Watching market volatility during trading will allow anyone to lose control of their emotions, especially if the market is undergoing a sharp correction.

Bots only help to do work that humans cannot do for 24 hours, this will indeed reduce the emotional level in trading because execution has been replaced by bots according to the settings we did at the beginning.
But don't rely completely on bots, because that's not good either.
In addition to risk management, financial management also needs to be considered because not all money is used for trading, there will be some reserves to deal with unwanted events.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
A well structured trading plan is expected of a trader who plans on managing their trading psychology. Trading generally be it futures or spot has high risk to reward ratio. Not even trading strategy nor risk management can limit the losses of future traders. A trading plan defines what the trader expects from every trade, it also magnifies strategies and clearly defines what risk management measure a future trader wishes to deploy.  Trading plan has been neglected by many traders, many who draft their plans don't bother referencing them before every trade. The factors that hinders traders from making consistent profit most times are not as ambiguous has it is painted to be most of the times it might be as a result of simple negligence to things that are meant to be priorities just like having a plan boldly crested where a trader will easily sight them before executing their trades..
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
Loosing money in trading is normal and to become an Experience trader is a process, So you will definitely encounter series of failures in the process of trading, which later results to loses, Therefore to become a successful trader you need to know /learn why we have 95% of traders loose money and take those mistakes into account, work on it and take the correct, which are greediness , emotions, and the
Psychological aspect of trading etc.
Traders knows that their is involvement of advantages and disadvantages in trading, so the process of losing funds via trading is already in the mindset of a trader, because it's obvious that a market is very risk and it leads you to the negative impact and as well lead's to positive due to your method of day trading, or your strategies of trading. So therefore i adhere to your contribution, because experience trader knows when to be in market and also knows how to man over a huge loss in trading irrespective the obstruction in the market.
hero member
Activity: 1386
Merit: 731
Leading Crypto Sports Betting & Casino Platform
There's a reason why a lot of successful traders use algorithms/bots/scripts to execute their trades — it's to take as much emotion as possible out of the picture.
I get a good point, you are correct on this. Basically, uncontrolled emotions can make traders lose money in the market, whether it's in futures or spot trading. Emotion management is a must have for every trader, but if they use tools like bots then it will be very helpful.

Watching market volatility during trading will allow anyone to lose control of their emotions, especially if the market is undergoing a sharp correction.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
Loosing money in trading is normal and to become an Experience trader is a process, So you will definitely encounter series of failures in the process of trading, which later results to loses, Therefore to become a successful trader you need to know /learn why we have 95% of traders loose money and take those mistakes into account, work on it and take the correct, which are greediness , emotions, and the
Psychological aspect of trading etc.
A trader who can learn from mistakes is the trader who can survive in the market. And if there is no mental strength to acquire enough knowledge of trading, the trader's account will be washed out again and again. Most traders go into futures trading to make a quick profit, and they are gambling rather than actually trading. And those who do futures trading with trading knowledge actually know how to manage risk and when to take entry and when to close position. Experienced traders also make losses but overall they keep a positive balance in their account.
hero member
Activity: 966
Merit: 588
Loosing money in trading is normal and to become an Experience trader is a process, So you will definitely encounter series of failures in the process of trading, which later results to loses, Therefore to become a successful trader you need to know /learn why we have 95% of traders loose money and take those mistakes into account, work on it and take the correct, which are greediness , emotions, and the
Psychological aspect of trading etc.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
Risk management

Aside from phycological then i could say that people do really miss out this kind of thing where risk management is really indeed an important thing for people to consider or mind off whenever they do touch up
crypto space.This isnt somethingthat you could able to deal with if you dont set out proper preparations and actions should be made basing on the risk that you could able to put it out.
Plus this isnt only talking about on the risk but also this talks about on emotional aspects as well, with having this unpredictable and random market with those events and other fundamentals
then it could really stir up someones emotions so easily and this is where people do make out bad decisions and actions towards their trades and ending up on having not able to
follow to their plans because they've let themselves been affected on emotional aspect.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
There's a reason why a lot of successful traders use algorithms/bots/scripts to execute their trades — it's to take as much emotion as possible out of the picture.
sr. member
Activity: 1456
Merit: 359
Are you guys aware that only 5% of futures traders are consistently earning money in the market? The 95% is traders like everyone else that keeps blowing their account and losing their money. People think that market analysis and intelligence can be the key to becoming part of the 5% of consistent winners but it is not the defining factor. Most traders think that their strategy is wrong without knowing that the determining factor is the winners think differently from everyone else. So, it means that psychology is the most essential thing if we want to become part of the 5% or the winners. There are 2 groups of traders, 1st is the consistent winners and 2nd is everyone else. We have options on what group should we belong to. These are the factors on how can we become consistent winners:

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.

2.   Trading system – The trading system is considered the blueprint of your trading journey; all of your strategies and steps belong to the trading system. You can create your own system but you can also buy or learn from someone to lessen the curve of learning. There is a lot of trading system online and you choose a system that is you fit your preferences, habits, and lifestyle.


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.

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