Topic: Top reasons that leads to fail in trading - page 11. (Read 3206 times)
I think the biggest mistake which lead starters to fail in trading world is the lack of knowledge about this field. Many newbies think that trading is a very simple work, and that it is the shortest way to making huge earning online, which is clearly wrong. Before trading you have to read and learn the basics at least, because it is still very risky.
Failure in trading might because of many reasons, traders may not have a proper understanding of the market and also groundwork is important, lack of groundwork may lead to failure in trading. Knowledge about the price variations need to study the market, without the proper information they will involve in trading these are the reasons for failures in trading.
Every trader who failed to make some good money in trading has its own story. However, there are certain things which are common in most of the traders who failed to make money in the field of trading. One of the most common reason of failure is having less amount of knowledge regarding the things related to that of trading as well as having less self-control which results in panic selling, thus making you lose money.
1. The Wrong Idea About The Market
2. Unprepared to a loss
3. Using Your Emotions To Dictate Your Trading
4. Trading The Low Time Frames
5. Not Sticking To The Plan
6.Absent Money Management and Poor Chart Analyze.
These are the 6 main reasons that leads to fail in trading.
2. Unprepared to a loss
3. Using Your Emotions To Dictate Your Trading
4. Trading The Low Time Frames
5. Not Sticking To The Plan
6.Absent Money Management and Poor Chart Analyze.
These are the 6 main reasons that leads to fail in trading.
The reason for trading failure that everyone has met and many people can not overcome it is the feeling. Emotion influences the decision of the trader, when you become anxious when the market goes down you sell everything -> you fail.
When the market goes up, you still try to keep them from greed -> failure.
Yeah,you are right many people are losing their money because they can't control their emotions while trading so they get panic ans sell low and buy but what we have to do is buy low and sell high. When the market goes up, you still try to keep them from greed -> failure.
Top reasons that leads to fail in trading
Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..
Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.
Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.
For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News
P.s
I have quote some people words from my last topic
Good read, and I agree. And to add, I think being to lax and lacking diligence also contributes to so many failures in the trading market. You can't just 'wing it' here in this market. It is so volatile and unpredictable that jumping-the-gun practices without even studying the background of your trades won't do you any good. If you will be trigger happy with the idea that since some tokens possess some features that would 'probably' make it successful would suffice, then you are sadly mistaken, because trends and movements of coins may change in an instant. Sometimes, even after all the prep work you did, the trade still goes south. Every move should be geared to mitigate, or ultimately, avoid losses because the market just has so many alleys that could lead to failures and loses.
For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News
All of you mention above is vey good though. Before decide to trade, its really important to do if you wnat to be successful.
Another thing also characteristic of trading. Like below :
1. Greedy
2. Emtion
3. Patient
All these are major requirements for a trader to control his emotions but at the same choosing the right coin is always required, if he don't choose the right coin he might loose his patience and start panic about the market. So first and most thing required in trading we have to act according to the market with lot patience.
For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News
All of you mention above is vey good though. Before decide to trade, its really important to do if you wnat to be successful.
Another thing also characteristic of trading. Like below :
1. Greedy
2. Emtion
3. Patient
Failure in trading might because of many reasons, traders may not have a proper understanding of the market and also groundwork is important, lack of groundwork may lead to failure in trading. Knowledge about the price variations need to study the market, without the proper information they will involve in trading these are the reasons for failures in trading.
Every trader who failed to make some good money in trading has its own story. However, there are certain things which are common in most of the traders who failed to make money in the field of trading. One of the most common reason of failure is having less amount of knowledge regarding the things related to that of trading as well as having less self-control which results in panic selling, thus making you lose money.
The inability to control one's emotions would lead to failure in trading. Trading takes up a lot of patience and if you do not know how to wait for the right time or to avoid getting affected by the sight of low prices, you will potentially lose. It's bound for you to see the market go red and during these times, it's key for one to keep their coins instead of selling otherwise you will incur a loss. Trading takes timing and we must not let our emotions take part of our decision making.
The reason for trading failure that everyone has met and many people can not overcome it is the feeling. Emotion influences the decision of the trader, when you become anxious when the market goes down you sell everything -> you fail.
When the market goes up, you still try to keep them from greed -> failure.
Our emotions play significant role in decision making and we need to understand that in business, there is no space for emotions. You need to be very practical and professional to gain profit. Traders should stay calm when there mighty coin is going through dip. When the market goes up, you still try to keep them from greed -> failure.
The reason for trading failure that everyone has met and many people can not overcome it is the feeling. Emotion influences the decision of the trader, when you become anxious when the market goes down you sell everything -> you fail.
When the market goes up, you still try to keep them from greed -> failure.
When the market goes up, you still try to keep them from greed -> failure.
Actually it's putting all your eggs into one basket is the one way that you can actually reach your goals in investing. Imagine investing in a winning coin/token but since you've diversified, you've only reached a fraction of supposed earnings.
Diversifiying is for people with low-medium risk appetite, if you've got the guts and knows your decisions well, you might as well risk it all.
What if you haven't chosen the winning token? Imagine investing everything in a token that becomes worthless...
Going All-In and imagining that you can pick the winner, is a sign of a gambling mentality.
Being emotional really is one that triggers failure not only in trading but also in any kind of investment because as much as you would like to hold your investment you got panic after hearing or reading bad news about it and decided to sell whatever you have believing it can save you from big lost. Another is putting your eggs in one basket it is really obvious that many are afraid of trying other stuff and instead focus on one item which resulting to either a failure or success unlike if it is diversified chances of good income is likely to achieve
Regarding putting egg in several basket, most trader have done this and its not that difficult to do. All in one trading also one of the reason and after experience, we can avoid this because now i dont all in one anymore.
Being emotional, all people know this can make our trading lose but why we can not avoid this easily? Its hard for me.
Lots of well-groomed people set up good strategies and tactics to start trading, but they're all ruined by uncontrollable emotional problems, So all the plans that have been prepared to start trading are futile, And the lack of experience in trading so they can not make the right decisions when prices go down significantly, We recommend that before starting a great trade it is better to look for some experience so you can know the behavior of the market, So you can know the consequences of each decision you will take along with the risk that you will receive later
Failure in trading might because of many reasons, traders may not have a proper understanding of the market and also groundwork is important, lack of groundwork may lead to failure in trading. Knowledge about the price variations need to study the market, without the proper information they will involve in trading these are the reasons for failures in trading.
That is the initial capital for trading, we must have knowledge and also good information in order to predict how market conditions will move. I see this as an obligation because without any analysis we can not succeed. Many people say they have the qualities to trade, but they do not have enough knowledge. Courage will only make us lose money and we must be able to think in order to produce the best decision. 
Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.
Trading does look cruel to anyone who does not have a strategy.
thank you for sharing, this post is very useful.
You should give merit if you said that useful. LOL kidding.
However, nkt putting all egg in the same basket is very old slogan but very useful till now and future.
Cryptocurrency trading is very unique and profitable for people who know how to trade. Knowledgable people is the winner.
Actually it's putting all your eggs into one basket is the one way that you can actually reach your goals in investing. Imagine investing in a winning coin/token but since you've diversified, you've only reached a fraction of supposed earnings.
Diversifiying is for people with low-medium risk appetite, if you've got the guts and knows your decisions well, you might as well risk it all.
Failure in trading might because of many reasons, traders may not have a proper understanding of the market and also groundwork is important, lack of groundwork may lead to failure in trading. Knowledge about the price variations need to study the market, without the proper information they will involve in trading these are the reasons for failures in trading.
I would suggest to add having money available when the time the
market falls. No body can tell the future or can see that the
market is going to crash so I think that this is a good idea to
save some money to buy when it suddenly gets cheaper.
market falls. No body can tell the future or can see that the
market is going to crash so I think that this is a good idea to
save some money to buy when it suddenly gets cheaper.
Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.
Trading does look cruel to anyone who does not have a strategy.
thank you for sharing, this post is very useful.
You should give merit if you said that useful. LOL kidding.
However, nkt putting all egg in the same basket is very old slogan but very useful till now and future.
Cryptocurrency trading is very unique and profitable for people who know how to trade. Knowledgable people is the winner.
Buying coins when it is pumping to the highest is very risky and will likely put you in panic selling when the price drops to the lowest which, your emotion will play a big part on this so make sure to handle your emotion so you can make the right decision. Before buying, it is good to observe and study the price movement of the coin within 24 hours in the graph section because I believe it will you determine the price range for you to buy and make a sure profit out of your money.
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