Topic: Top reasons that leads to fail in trading - page 15. (Read 3182 times)

You forgot that it's bad to chase losses, especially if you're already down a lot. I knew some people on my circle that are hard risk-takers, and would do everything they can to recoup some of their losses before calling it a day, often leading to even more losses and frustrations which will ultimately lead to 0 capital. I'd say chasing profits is kinda better than chasing losses, especially if you timed it perfectly and have not been greedy about it. With losses, you are already succumbed with frustrations and the urge to at least "get your money back".

Rather we are thankful to you for putting up such a reasonable and sensible question on the forum. Many experts and experienced people have shared their opinions about the causes of failures of traders in the crypto market. We should understand that greed is an evil thing and overconfidence too. Lack of proper knowledge and having half knowledge is again risky. Try to be composed and well knowledge while doing trading.

i guess thats daytrading is all about?fast profit for gaining...this is not a habit but a desire because this trends runs for how many years in trading industry of crypto,though i dont do this because i am a patiently waiting person.willing to wait for my profit even if it takes a year

Planning is one of the main thing that should do before you do trading cryptocurrencies. I agree to you that reading latest news and journal is very important for us to be updated everytime.

Of course, emotionally influential, impatient and greedy, when the price of starting a dump you fear the of many loss while price pump, you want more high price. Human nature. Until.bpth give regrets.

There are some specialists who believe that only 5% of those who try to become succesful traders are able of achieving long-term success, and some of the reasons why most tend to fail have been mentioned in this thread. But in addition to the merely technical aspects, there are some characteristics of personalikty such as discipline, persistence and emotional control that are absolutely indispensable to achieve success.

Yeah being impatient is the huge mistake now and most of new and young bitcoin traders use to do this. Trading is not a game mate for it they will have to be very careful, experienced so then one will be able to get profit. Money is not for lose it is for saving and making bright future, it is advisable to trade with bitcoin today and then wait for long time to get better output than your input with bitcoin.

which you mentioned very true, a lot of new players who still can not control the emotions and control the finances in his possession, I hope with this thread can make the new players can understand how to play trading safely and can earn profit and never lose .

The easiest way to lose everything is Drifting through the wind if you do not know when is the right time to sell when the price is pumping or selling period is on progress, so many lose everything when they are minutes late so better learn the right timing because this will get you a lot of profit

That's where I see a lot of people failing. Most of them come to the market expecting to double their money in a few weeks, when experienced traders are happy with 2 to 3% a month.

Of course, the top reason in failing in trading is haven't enough knowledge about Trading and Investment. Trading is not easy, you should give your time and effort, you should be brave in all you decision. Also read some articles that may gave you additional knowledge about trading.

That is the problem, when trading, most of the people won't stay calm and would easily be carried away with their emotion. Most of newbie traders get impatient when studying the market and will just depend on what is on chart which is very wrong. There are coins that have low values at start but after some time will suddenly be valuable. You see, if you want to trade you have to control your emotions because this factor is what greatly affects every decision that you will make. If you are able to this, you will understand how trading is done and will possibly create a strategy of your own to earn big profit. Something good and happiness follows when you are able to think clearly and carefully so learn how to control emotions and make sure to study what you are doing.

True greediness greatly affects us when trading. When greed consumes us we make decisions that did not go from thorough thinking, in short we FAIL. We mostly wait for opportunities that are not given to us. For example is when the price is alright or maybe enough for us to be able to support what we want but we decline ourselves to sell because we wish for it to get higher, in the end, the result is the opposite. Waiting leads for the price to get lower and lower making us lose the good opportunity mentioned.

Exactly, that makes us inspired to be aware and don't need to rush everything like we must know to control our emotions especially when the time of falling down of the value what we wishing for. Greediness is number one reason will make us fall and may lead to bankruptcy because we want to make it higher and taking risk everything. Well, in the end lessons to be learned that need to control everything and learned to be contented what we have.

That's what you called panic selling when price fell down most sell their coins. In trading we should calm, we are in mindset to have a profit as planned. Like never put our funds in one basket, it is good to balance or spread our investment to get rid of lose.

This is the main reason of fail trading. The emotion. I've heard a lot of stories talking that they are losing because of their driven emotion. Many of my colleagues always selling their coins below 50% profits and after that there goes a bigger pump like 200%. Such a bad decision lol.

Another thing is this. We traders specially newbies always says that I will buy at ath and sell on a set stop-loss. This is actually a bad habit. I think we need some expertise decision by this.

Yeah, diversify is a good choice. If you diversify your portfolio and one of your coin is losing but some are still winning, it is still consider as a win.

Trader is his own worst enemy,and that human error is at the root of most problems.
The main reason is overtrading,it is the most common reason why traders fail.It might be caused by unrealistically high profit goals,insufficient capitalisation or market addiction.Inability to distinguish trending markets from ranging markets,often results in traders applying the wrong trading tools at the wrong time.Another one is improper risk management is why traders tend to lose money and fail.

Greed and unstable psychology are the biggest reasons that affect commercial results. Many investors when the coin increase prices not sold but continue to wait to increase but coin decline. When coin prices fell a little, they sold out and it rose again. These two seem to be simple but a lot of trader suffer and still lose a lot on the cryptocurrency market.

They don't have a system, strategy or a methodology, There are literally thousands of markets to trade on a daily basis which is, of course, a great thing for traders looking for opportunities to profit. However, without a system, strategy or even some type of methodology the 'hunt' for an opportunity leads to gambling. You'll miss more trades than you take which causes many traders to go into a spiral of frustration, negativity and trading outbursts. The key lesson is to have some type of consistent plan or reasoning in finding and executing your trades.

Really, sometimes other people's recommendations will only lead us to failure. we have to do our own research and try to avoid groups of signals from social media.

I agree with this specially on being emotional, this is the number one culprit why people becomes illogical

Also you should add

Ignore the noise - some people are just dependent on facebook/twitter/ telegram on which to buy or avoid. There are so many so called experts in social media. If you listen to peoples comments and suggestion you may get a winning coin but in the long run you will lose. You should learn to trade by your own. Technical analysis is still my signal.