Topic: The hard Truth - page 10. (Read 1930 times)

That is exactly what I read when I learn by browsing on the internet about stock market and foreign exchange trading.  Even the experience trader losses a lot of money, so unpredictable.  That is scary especially for beginner with small capital to try.

The reason why those 90% are losing is because they took trading as a gamble. They thought they could just hit the charts and start buying low and selling high without an indicator or analysis to guide them.

Secondly, no trader, no matter how professional, is always right 100% of the time, as you tend to make wrong calls sometimes based on how market can change, but what makes you professional is learning how to minimize those risk, understanding it is all part of trading.
You cannot be making good buy, sell or knowing where you should be placing a stop loss if you are not learned, as they are all encompassed in the whole idea of trading. However, with good knowledge and practice, you will see yourself making more profit than losses as you get better over time.

You already mentioned the idea of learning, but you also have to understand that you need to practise very well to gain confidence and learn from your mistakes by starting with small capital or using demo capital on some platforms. If you end up not rushing things, so as to start making money very fast, you will be fine. Remember, Doctors don't just get to be one overnight as it take years of learning and practice to be one; trading is also a profession and if you see it as such, then you will know what is needed to do it right.

The market is down It is acceptable but beginners also make profit in this scenario. Because they are all plan for long term surely they will earn good profit on current market. All the traders are clearly plan for the trading so better concentrate on right one definitely they will make profit.

There is always profit to be made in a bear market. People need to be a bit more open minded and explore all possible platforms to see what features they offer. BitMEX for example gained a ton of popularity this year.

It's no longer coincidence since people are actually searching for ways to short Bitcoin, and those who did actually went short on Bitcoin are scooping up some decent profits on the way down.

The only thing that I don't recommend is using leverage. People tend to underestimate how dangerous leverage is, especially when you go over 5x. The higher the leverage the sooner you lose all your funds on BitMEX.

Not just greed,when trading, one should remove emotions.It is also true that the smart traders can make money even in a bearish market.

Every traders lose thei money, no matter how small is that a loss is a loss.
Traders are not always about making money, sometimes its about doing it with patience. If you are scared to lose your money, then trading is not for you. This is the market that high in volatility so losses is normal, but of course be a good trader so you can make good money.

The hard truth about trading is that the average trader loses money to the smart trader and that it is only a handful of traders that can make profit consistently

Well maybe they jumped in without any knowledge about it.
Where did you hear that 90 percent loss? I think that is too much.
Whoever told that to you might be FUDing and just want you to buy that cheaper coin telling stories that it already went down.

If I were you I wont listen much to those kinds. Pessimistic types.
Do your own research then risk at your own.

Meaning you are not eager to undergo trading yet. You lose interest just because you read "that 90% lose" meaning you are still in doubt if you will continue to do trades or not. No such thing as you are really interested because why such gave a conclusion of what you read even you don't have an experienced on it? And to the point that you do self-study, that is the highlight of what you have study instead of advantages of doing trades?

There is no 100% winning percentage in trades. Yes even professional and long time traders still experienced mistakes but what matters here is, the winning stats is way more dominant compare to losing stats. It's fine to loss but overall, you won a lot. Didn't you know that losses makes us more better traders because we are doing something to prevent it from happening again.

Not everyone can earn on the market. If there is no loser, there is no gainer. You should look at the your lost like your future earnings. So that means it's a new experience for you. If you want to do it, what you lose should not important for you and you should pay attention to the amount you risk.

That problem cannot be helped almost 50% of the traders are beginners when it comes to trading they make rash decisions that lead them to losing all their money. The price of the coin they invested have nothing to do with their ignorance if it losses a little bit they tend to sell them all while pros will take their time to assess the problem then make amends for it by limiting the allowed price to stop and sell whether win or loss.

I had even read up on traditional forex and stocks trading that 95% of traders on this field would failed up and only 5% do only succeed and profitable which is really a very realistic number and this wont really be different from cryptotrading but somehow these statistics wont completely make us stop on doing trading this is why we do keep learning and trying to be profitable no matter what.
Losing money is inevitable but it can be handled if we do let ourselves to be more disciplined and do know how to handle risk and knows how to manage. Just do these things and follow on the right path and dont mind about those numbers because it would just distract you out.All you need is to focus on how to be profitable by doing trades which do have corresponding analysis.

You should not be greedy. It is hard to make profit in a bear market. There will be times that we can make profit.

Aside from learning the basics of trading like reading those charts, carefully selecting the coin to buy, discipline in not to impulse buy because of pump and dump , one should also learn on how to recover on what you lost. In gambling, trying to recover what you lost is a no no, it will just give you problem. But in trading, recovering what you have lost takes a lot of research as well. One example is if the coin you bought suddenly dropped, you have an option to Hold on to it, or Sell at loss but Buy and invest in another with great potential.

You're looking at it wrongly. Most times, the reasons for those bad trades can be attributed to fomo. As you know, most traders trade short term because its just enough time for them to liquidate and get funds back and make more trades. After fomoing in to trade the next best thing, They get burned. They keep repeating same mistakes every single time I do have to admit though, finding the perfect entry or exit point is near impossible.

90% of crypto traders buy high and sell low.
Or they buy in the morning, price drops a little few hours later and they sell coins.
They are fomo investors, they see everyone is buying so they buy. Or they see all green and buy.

To become good trader don't do this.

In trading someone profits and someone loses, am I right? That's the reason why so many number of people lose. What do you think, is trading only skills? No man, how much you read doesn't matters if you don't have lucky too. Yeah, trading is luck also because no one knows exactly what will happen on any currency, especially on bitcoin. But skills can help you to better understand in analyzing of data and get maximum from you.

Positive thinking in this stage is essential for investors to have more confidence in this market and wait for the chance when the market recovered. I believe many investors are very confused but if you intend to stop thinking about why you came to this market.

Thanks. . I love this. In relation to  your number 3, can you please give an example of how this can be achieved??

1. Don't over trade.
2. Learn fundamental analysis first.
3. Lock your profits in strict manner.
4. Stop loss helps alot.