Even as profit trading is the key to every traders success, two side trading is also part of the factors needed to be a successful trader.
Some traders only do one side trading and this is why most of them end up in loss
Topic: Reasons why they get it all wrong when trading. - page 4. (Read 929 times)
The number one reason behind every trader picking interest in trading is to make profit, if you aren't making profit then it'll preferably to stop trading and try understanding why you aren't making profit but when a supposed trader refused to stop to reexamine themselves but continue in losses with the hopes of things turning around automatically, they get it all wrong.
Your right. It's a normal to be wrong but then, when you get it wrong and you've noted it to be a reoccurring thing and it's causing you money, what do you do?It's to pause and re-examine the process. Ask yourself questions as to why your not getting it right and you might just track your mistake.
As a trader you should be okay with making some losses as there's more lessons in losses than profit, a profitable traders can get so full of themselves that if they're not cautious, they could make a very serious mistake that could end their trading career. When a traders begin to get afraid of losses then they're doing it all wrong and if things aren't address in time it would result in that same losses they were afraid of in the first place.
Most persons are not okay with loosing at all, they feel its all rossy in investments or trading you know. Loosing seems abnormal but then, its a part of business. Its when you loose that someone else's gains and vice versa. So, as a trader or investor, you've got to be okay with loses and most of all, you learn from them. Its All that matters. Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.
You are the only one responsible for everything you decide so it becomes mandatory to be more responsible with every decision you make and one thing I want to mention is avoid day trading which is profitable which I am not denying that but being profitable while doing day trading is highly not possible so always g with long term trading which will give better margin for your risk taking.Emotion is the biggest opponent in trading because it can impact your decision making and prevent you from focusing on your strategy; overcoming it would be beneficial. The other is to set a goal, such as gaining a certain amount. What I learned from my past trading experience is to create a target profit and a stop loss, both of which are quite beneficial. If you are greedy, you will see your account burn and you will lose a lot of money. Though they usually claim that emotion drives us to make decisions that we should not, we must learn to control our emotions.
Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.
I have come to see it the same way. Especially in the early days of DEX, I think you could trade there much more safely than nowadays, where so many scammers and entire scam teams/tokens are out and about, just waiting to rip you off: Right? Those early DEXs that people claimed were more centralized than today's DEXes were still good. Slow and super low liquidity but you did not get ripped off as much.
Today you have smooth DEX like Uni or Pancake, so beautiful, so easy to use, but then you look at the percentage of scam tokens. Broken whitepapers and utterly trash communities who say nothing but share memes in channels.
When you see all this you feel like regulated CEX is safer for your money.
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Reasons why they get it all wrong when trading.
The simple reason has to be the need to make quick profits as possible. Influencers all over the web make it seems like it's very easy trading for a living as they post false trading results meanwhile most of them aren't even traders. They parade themselves as professional traders while they live off the stupidity of their followers believing them as they either buy any of their courses or giving them funds for them to trade.
If anyone interested in trading takes it upon themselves to learn before they actually start engaging themselves in the act of trading then all you have highlighted won't be an issue. Constant practice will help you master your trading strategy, emotions like greed etc.
Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.
You are the only one responsible for everything you decide so it becomes mandatory to be more responsible with every decision you make and one thing I want to mention is avoid day trading which is profitable which I am not denying that but being profitable while doing day trading is highly not possible so always g with long term trading which will give better margin for your risk taking. Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
right, trading is like hunting in the forest, if we just walk, we will never find our way home, in contrast to us if we are facilitated with maps and compasses, then we will know where we have to go. there are many things to master in trading and forever we will study the market, because no one knows where the market will go Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
A lot of people had done that way and they just fail. Now that they realize they are wrong but it was too late. However, losing on our first try is not the end of our trading journey, there is 2nd and 3rd chance or until you find yourselves incapable of doing this.
-snip-
For some beginners, they don't really think about trading knowledge, they just use the words of their friends or other people, so they go bankrupt and claim that trading in crypto is very bad and a scam. Even though they have not learned the basic knowledge of trading.I also didn't know what to do at first when trading crypto. Basic knowledge of technical analysis and fundamentals is the main benchmark for reading where the market will go. Mistakes in trading are common, but they must be corrected immediately.
If you have those basic and you are really after in learning more about this business, it's tough at first but along the way you'll
gonna use doing it and start enjoying everything.
You just need to allocate time in seeking the right patterns to follow and try to keep enhancing things from time to time. It's all
on you no one to be blame.
When he can learn the analysis and can determine when he can trade and quit trading, that is a matter of time he will make a profit.
Having discipline also helps him follow every step of the trading lesson and not be afraid if he gets losses and considers that part of the lesson becoming a pro trader.
If he can pass his daily lesson and try to trade, sooner or later, he will become a pro trader, even without he realizes that he already achieve that.
Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
right, trading is like hunting in the forest, if we just walk, we will never find our way home, in contrast to us if we are facilitated with maps and compasses, then we will know where we have to go. there are many things to master in trading and forever we will study the market, because no one knows where the market will go Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
-snip-
For some beginners, they don't really think about trading knowledge, they just use the words of their friends or other people, so they go bankrupt and claim that trading in crypto is very bad and a scam. Even though they have not learned the basic knowledge of trading.I also didn't know what to do at first when trading crypto. Basic knowledge of technical analysis and fundamentals is the main benchmark for reading where the market will go. Mistakes in trading are common, but they must be corrected immediately.
Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.
On my experiences as a trader, one reason I would like to share was greed. The more you expect from the current market hype, is somewhat will make you fall into wrong decision. Most often times I failed too much and losses a lot opportunity because of wrong mindset.
That's why it happened, I had no other options but to wait for another price outbreak in order to survive and take back my profit.
That's why it happened, I had no other options but to wait for another price outbreak in order to survive and take back my profit.
When a traders begin to get afraid of losses then they're doing it all wrong and if things aren't address in time it would result in that same losses they were afraid of in the first place.
It's like a sickness. It happens mostly to those who made their profits for the first time and then losses midway. I won't say it didn't happen to me before and up until now. Who loves losing? We all want a win-win scenario but that is not how trading is.
IMO, it's a learning point too. It occurs for a reason and it's a stepping stone for us to grow emotionally and use it in the long run.
Embracing the losing experience is the difficult part, learning that it's part of trading is the worst. This is the turning point where we decide if we are still trading or we are already gambling.
There is a perfect time for trading and that when we are already prepared for the things needed. Knowledge, strategies, enough capital, and also your mindset. If we don't have any of them, you can simply think that trading will not be meant for you then.
Well, some say just try. Okay, let us try and find ourselves to get lost. That is really easy that trading is not difficult, you can just do buy at low and sell at high, of course, they are right, but it never works if we don't have knowledge about the market and TA's.
Well, some say just try. Okay, let us try and find ourselves to get lost. That is really easy that trading is not difficult, you can just do buy at low and sell at high, of course, they are right, but it never works if we don't have knowledge about the market and TA's.
[/quote]in simple word, everyone could trade but not all of them could be good trader. Be a trader was not easy way for us, we will face bloody journey when we decided to involved in this job. Our money will lose, our mental will pressed and its happen continuesly untill we have good skill. Some people will give us and decided to quit from market , but another one will success and get financial freedom.
Perhaps, trading is not for everyone, if you just keep losing despite the hard work and effort you've made, definitely, this is not for you. We can't force to take this if this will be just the result, better to find a place where we are comfortable and happy with the results.
Very true. Not everyone can be a trader because I have felt that myself after trying my best in trading for years, I have failed miserably and I feel no shame because I gave it my best shot and not everyone can be a trader, that's a fact!I will continue to try for some more time and see if it works out because earlier I was trying to invest in altcoins but now I will try my luck and skills with the price trading or day trading as some call it.
Perhaps, trading is not for everyone, if you just keep losing despite the hard work and effort you've made, definitely, this is not for you. We can't force to take this if this will be just the result, better to find a place where we are comfortable and happy with the results.
Very true. Not everyone can be a trader because I have felt that myself after trying my best in trading for years, I have failed miserably and I feel no shame because I gave it my best shot and not everyone can be a trader, that's a fact!I will continue to try for some more time and see if it works out because earlier I was trying to invest in altcoins but now I will try my luck and skills with the price trading or day trading as some call it.
So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.
Trusting exchanges and keeping balance on centralized exchanges is indeed a good point and risky aspect of trading but one can easily switch to decentralized exchanges if that's a big issue for them. Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.
I have come to see it the same way. Especially in the early days of DEX, I think you could trade there much more safely than nowadays, where so many scammers and entire scam teams/tokens are out and about, just waiting to rip you off: Quote
As Decentralized Finance (DeFi), particularly decentralized exchanges (DEX), experience an explosive jump in popularity, the number of fraudulent actors and schemes grow simultaneously, looking to take advantage of sudden growth of these exchanges. An Ethereum liquidity provider, Uniswap has seen a worrying increase in scam tokens on the platform, according to Crypto Briefing.
Source
This article is from 2020 and the whole DEX scam thing got way worse by now. Source
This will eventually lead to either regulatory measures for DEX (the question is how) or to DEX losing its importance completely, as people prefer to trade on centralized exchanges again and don't run the risk of losing their coins there.
Trading is one of the many ways to participate in the cryptocurency industry and one of the most profitable ways of earning. Trading can be very
Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.
Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.
Well, this is a greedy mentality that is the wrong step in continuing to trade. following the lust which is actually the starting point for facing big losses in front of our eyes.
It seems what you are trying to convey, based on the results of psychologist research of every trader experiencing high levels of stress. Ah, it's been felt in almost all circles. even we did not escape from such conditions.
So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.
I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.
I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.
Nah,,, it is nothing new but I think people are actually now also getting tired of scammed from DEXs especially now defi rugpulls and all that happening so maybe that is not an old news and I think some of these discussions will inevitably get the "why not use DEX" solutions which of course is totally misguided.
Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.
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