Topic: Top reasons that leads to fail in trading - page 5. (Read 3182 times)
I think the top reason why traders are failed in trading is greedy,inpatients, lack of knowledge and no have yet experience in trading.I know that trading is basically buy low and sell high.but not just to think.it needs to view the project of you're coin that you trade that's why many traders have loss.its just because they don't know the project of coin if good future or not.
Trading is difficult, and more if you are just a newbie and you do not know much how to trade, because you are going to lose a lot of money because of that, actually. The greed is the biggest mistake
Losing maybe part of trading but being a newbie is not a valid reason to lose, you lose because you do not know what you are doing, you did not research well in short you did not made your homework on what to do when you are still starting. We can always minimize our loses if we only know what we are doing.A new trader can be effective in trading as long as he is packed with the necessary knowledge and wise enough to not be affected by outbursts of emotion. Being a newbie does not excuse one from being too ignorant in trading effectively although experience is an important advantage. Information is already available in many resources and coupled with common sense, one is way to go in good trading.
Some of us don't have really the patience in investing/trading, we don't want our money to idle in the market, what we want is to have a result in just short period of time, so for me we don't need to be in a hurry always in getting profit sometimes it takes time.
Trading is difficult, and more if you are just a newbie and you do not know much how to trade, because you are going to lose a lot of money because of that, actually. The greed is the biggest mistake
Losing maybe part of trading but being a newbie is not a valid reason to lose, you lose because you do not know what you are doing, you did not research well in short you did not made your homework on what to do when you are still starting. We can always minimize our loses if we only know what we are doing.
the main reason that fails in trading is our lack of patience in trading and also we are less precise in choosing a good coin, if we can analyze the coins well we will surely profit.
Have the feeling of afraid to lose more when sawing the down trend and got panic are the most common mistake that we made. Through experience we may able to control it.
Well said sir Im very relate to those three things. And because of that many of my trades fails and loss. Thanks to your advice I will apply it to my self to improve my trading in the future. As a newbie I will face failure but life goes on and take it all as a experience.
Being emotional alone is already the core. If you were too afraid to lose that fat money then chances are - you would sell immediately during a dip, without thinking about why you have bought that coin in the first place.
Here is a crisp answer:
1. No exit strategy in place.
2. Buying because of FOMO
3. Investing without understanding
4. Putting all eggs in one basket
5. Investing more than what you can afford to lose.
6. Falling for rumors (no research being done)
The next time you decide to invest, make sure you are informed. You can try CoinSwitch, which is one of the largest cryptocurrency exchange aggregator and compare prices of 300+ coin in real time and exchange at best rates from leading exchanges all in one place.
1. No exit strategy in place.
2. Buying because of FOMO
3. Investing without understanding
4. Putting all eggs in one basket
5. Investing more than what you can afford to lose.
6. Falling for rumors (no research being done)
The next time you decide to invest, make sure you are informed. You can try CoinSwitch, which is one of the largest cryptocurrency exchange aggregator and compare prices of 300+ coin in real time and exchange at best rates from leading exchanges all in one place.
Trading is difficult, and more if you are just a newbie and you do not know much how to trade, because you are going to lose a lot of money because of that, actually. The greed is the biggest mistake
Patience is key ingredient in cryptocurrency trading. Secondly, not putting all your eggs in one basket is another aspect. The fund is such that you can leave it and wait to appreciate (if your strategy is buy and hold). Trading skills is essential so that you know when to enter/leave the market. An overview of news on the cryptocurrency is important as well. Caution is the watchword when reading cryptocurrency news.
for me, emotions may have been the only thing that has put me down in trading. I have still not overcome it. Doesn't always get me but when things go south. I do get caught.
Being unrealistic is the top reason why trader fail in trading.There are traders that when making their goal like setting the target profit,too huge and impossible to achieve because of unrealistic expectation.
This is indeed a point but in my opinion most probably investing in wrong projects and not making wise decisions in quality time leads to a big failure. If a person wants to be successful he should be keen about his investment and search for promising projects rather than taking risks in fake projects and facing failure. Trading is a skill which requires focus and patience and interest. If any of them fails the trading fails itself.Being unrealistic is the top reason why trader fail in trading.There are traders that when making their goal like setting the target profit,too huge and impossible to achieve because of unrealistic expectation.
This is indeed a point but in my opinion most probably investing in wrong projects and not making wise decisions in quality time leads to a big failure. If a person wants to be successful he should be keen about his investment and search for promising projects rather than taking risks in fake projects and facing failure. Trading is a skill which requires focus and patience and interest. If any of them fails the trading fails itself. 
I agree with the reasons you are saying. it can also be a handle for traders who just started trading. and in my opinion there are still many reasons why people fail with their trade. One major reason why they fail is the lack of knowledge and experience and they are lazy to learn. when a person has sufficient knowledge and experience then that person can cope with any situation and can manage any trade to be profitable. Failure in trading is common to traders. the most important is how we can make that failure as the spirit to gain success and make failure as an experience to learn so as not to fail again in the future.
Some newby traders can get lost in their emotions during a losing trade, which leads to a spiral of poor decisions. It's important to remember that crypto is not always means to get rich quickly.
Some newbies are panic when seeing the red portfolio and made the very fatal decision. That is the most common mistake made by most people especially newbie.
The main reason, is that everybody joins trading only for a fast profit, and they lead to lose all their money because they were trying to make a "fixed return" of their budget. This happened to me before.
The problem of trying to get fast profits is very widespread, I understand that we want to obtain profits but at the same time we cannot force the market to give us profits and this is especially true when it comes to a fixed return, as a trader you can only get what the market gives to you if you try to over trade to make more money in a particular period of time the most likely outcome will not be that you get profits but that you get losses instead.
emotion truly fails a trader,with emotion comes fear after loss,which will result to steady loss and fear to come back and learn from mistakes.
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
I think you need to add being greedy as another top reason for failure in trading. This kind feeling is so dangerous that it can lead to massive loss in portfolio.
While on the other hand the thing you need to add to become a successful trader is knowledge in risk management. Risk Management in trading is the art of identifying the Stop-loss (S/L) and take-profit (T/P) points.
Some newby traders can get lost in their emotions during a losing trade, which leads to a spiral of poor decisions. It's important to remember that crypto is not always means to get rich quickly.
Some newbies are panic when seeing the red portfolio and made the very fatal decision. That is the most common mistake made by most people especially newbie.
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