Topic: Top reasons that leads to fail in trading - page 9. (Read 3182 times)
One of the major reason for failure in trading is impatient. Most of the traders are not patient when the price is down. The other main reason is day-trading. You have to be an expert in trading to be successful in day-trading. It is not for beginner.
Greed is a common problem. If you give a person a mountain of gold, he'll want another one and on and on. He won't be satisfied and if he loses it, he will be in regret.
It is hard to know what price and rate of profit to sell at e.g at 1X, 2X, 10X etc. This varies for each person and depends on their goals in live and what they want to achieve. Without determining this for oneself, one can't have a strategy for when to buy and sell, so one ends up going more on gut instincts and emotions.
Many also fail because they use TA and assume that past performance/trends prove future performance/trends. Such people tend to see what they want in the historical data, when actually the comparison is more complicated because the causes of the historical trends/performance are different to what is happening now. This is also bad for the market because it becomes a self-fulfilling prophecy.
It is hard to know what price and rate of profit to sell at e.g at 1X, 2X, 10X etc. This varies for each person and depends on their goals in live and what they want to achieve. Without determining this for oneself, one can't have a strategy for when to buy and sell, so one ends up going more on gut instincts and emotions.
Many also fail because they use TA and assume that past performance/trends prove future performance/trends. Such people tend to see what they want in the historical data, when actually the comparison is more complicated because the causes of the historical trends/performance are different to what is happening now. This is also bad for the market because it becomes a self-fulfilling prophecy.
Since I am doing a full-time job and part-time business it is not possible for me to give the time which is required for trading and hence I believe that trading is not my cup of tea. I have lost my entire capital in my initial days of trading just because I used to blindly rely on opinions received in the exchange chat box. In certain cases, emotional quotient is a highly required aspect as compared to that of intelligence quotient to deal with the situation. I have noticed this element in successful traders having less intelligence but high quotient of emotions.
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
In my opinion it is lack of patience, this factor decides success or failure in Crypto. If the market is falling and you worry, sell them off then increase again you will lose a pretty big profit margin.
Very helpful for beginners. You also have one more to add to the list. Do not buy during FOMO and do not sell during FUD. Often we miss a great chance to hold a coin to get long-term results because it sells early or buys too late. You also need to check the coin chart. There may be thousands of reasons why people fail with their trade. One of the main reasons why they fail is the lack of knowledge and experience.
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
In my opinion it is lack of patience, this factor decides success or failure in Crypto. If the market is falling and you worry, sell them off then increase again you will lose a pretty big profit margin.
I think lack of technical analysis studies is a main reason. If we can predict the price changes well in advance, it should make it very easier to deal with the market.
one of the main reasons is the lack of education, just many people rushed to trade without certain knowledge, I think that they will be lucky and they will get a big profit, but it should be remembered that here it is still necessary to have knowledge and experience in trading
Top reasons people always fail in trading :
1. Over confidence : this reason for newbie in trading, they will feel over confidence when they got profit at first time and make them over confidence to take next position ( a lot of them will buy all in )
2. Lack of technokal knowledge : they think trading is like gambling and they usualy lack of technical knowledge they just buy in panic and sell in panic.
1. Over confidence : this reason for newbie in trading, they will feel over confidence when they got profit at first time and make them over confidence to take next position ( a lot of them will buy all in )
2. Lack of technokal knowledge : they think trading is like gambling and they usualy lack of technical knowledge they just buy in panic and sell in panic.
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
Trading isn’t possible without patience. It is just like the relation of smell and flower or color and flower. A flower can’t be glorious if it doesn’t have smell and color. Likewise, a trader wouldn’t be successful until he hasn’t been equipped with better patience material. When making decisions, only such trait would be helping to you because you see the disturbed moments but you have to be patient. 
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
I think the top reasons that leads trading fail is because lack of knowledge about trading or engaging in trading with little knowledge, as the saying says that small knowledge is dangerous and lastly is when we don't have any risk management that have been plan prior trading.
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
I think the top reasons that leads trading fail is because lack of knowledge about trading or engaging in trading with little knowledge, as the saying says that small knowledge is dangerous and lastly is when we don't have any risk management that have been plan prior trading. 
Not to fail when making trading business, you should always stay calm. Also, you should better deal with many alts than with 1 or 2 coins. patience is always needed.
1. Trading without knowledge is the most common reason failing. Many people take trading as gambling.
2. Having unrealistic goals.
3. Selling your investments out of panic. Getting emotional will not help you.
4. Not diversifying the investments.
5. Investing more than what you cannot afford to lose.
2. Having unrealistic goals.
3. Selling your investments out of panic. Getting emotional will not help you.
4. Not diversifying the investments.
5. Investing more than what you cannot afford to lose.
Top reasons that leads to fail in trading :
Bad Management Skills
Failing to Understand the Market
Not Putting the Stop Loss
Trading on Leverage
Not Applying the Learnt Concept Rightly
Greed
Emotions
Trading on Tips
Lack of Knowledge
Bad Management Skills
Failing to Understand the Market
Not Putting the Stop Loss
Trading on Leverage
Not Applying the Learnt Concept Rightly
Greed
Emotions
Trading on Tips
Lack of Knowledge
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.
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
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
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.
Strong reason to fail in trading is impatient, in the crypto market you have to be patient as it rises lowering the price very quickly, do not hesitate to hold if you are unsure, the key to successful trading is patience
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