Another reason that make a trader loss money is not having a knowledge of what you are trading.
a good strategy is very important in trading bitcoin.
knowing when to enter a trade either trading with demo ,when you perfect you then trade with real account.
Topic: Top reasons that leads to fail in trading - page 7. (Read 3206 times)
- Not having a sound plan
- Emotional intelligence
- Emotional intelligence
The main reason for the problems in trading is trading, why do you think that other people will give you their money?
Not really, trading is a game in which you are trying to outsmart your opponent in that way trading is not that much different from games like chess, the difference is that you do not see your opponents but everyone is doing their maneuvers trying to earn money and you must do the same, no one is giving you money for free you are taking it away from them with your superior skill, if you have that, and if you don't then you are the one that loses the money, this is why knowledge and experience are critical in trading something that many people are lacking. most of the reasons for failing to trade in the crypto world are fearful of the risks that will be accepted. because trading if you do not have experience and do not have a good strategy that would often often lose. so it's better if you want to start trading it learn in this forum, because this forum is a place to learn various ways of bitcoin world work such as trading of course
One of the reason too that leads to fail kn trading is the lack of patience too. Though we have already equipped with knowledge and skill if we don't have any experiences and patience with what you are doing there's nothing for you to hope for a success because in trading cryptocurrency absolutely needs a huge patience of a traders. 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.
Lack of self-confidence is caused by lack of knowledge. Too many negative things that fill the mind. Ancient fear of fear, fear, and so forth. Fear-fear is avoided for you to make transactions and eventually many golden opportunities are missed. 
To make profit from crypto trading not only need strategies of technical analysis but also we should have good psychology, always make research and thinking twice before open potition and buy coins, learn about support and resistance area for day trading, and for long term trading very important to learn the fundamental of the project, to know the team of the project and and they should consist of professional person, and understanding what problem they want to solve.
As far as I see most of people in here doesn't have any target for buying and selling so fail starts in here.
I thing the biggest cause is not having a target
I thing the biggest cause is not having a target
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.
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 like to add the greed factors. It is common culprit of bad decision most especially during Bull Run. More often people still invest even they already know that the market is overbought. In case of selling, many traders didn’t stick to their trading plan in hoping that the price still increasing. But most this kind of trader lose because they were left behind in low price.
Many business managers fail because from the beginning it has been burdened by demands to be successful. In some cases there are traders who rely solely on trading for the day ahead which causes great mental stress. The demand for always profit will make it difficult for traders to control the emotions that ultimately lead to the destruction of trading accounts.
Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods,
Trading without knowledge about dos and don'ts may also lead to fail because some put all their money in one crypto which they think can give bigger profit but mostly the opposite happens instead divide it in a sense that if one fail there is still other crypto left which can give profit.
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 have no plans to invest or analyze altcoin. Therefore, new traders should read this article before investing in any altcoin. This is really a very useful and concise article. many thanks to author
Dicipline, extra patient and dont be greedy is factor that make trader become succesfully. Beside that is trading strategies, use stopp loss in every trade and focus to analysis and looking for update news related crypto.
most of the reasons for failing to trade in the crypto world are fearful of the risks that will be accepted. because trading if you do not have experience and do not have a good strategy that would often often lose. so it's better if you want to start trading it learn in this forum, because this forum is a place to learn various ways of bitcoin world work such as trading of course
Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods,Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods,
Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods,
For me I think not waiting for a confirmation leads to loss in funds,so Patience is need and enter when your strategy tells you.
Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods, Jump to: