Topic: Traders who never bother to learn how to trade - page 3. (Read 3330 times)

Those people who never analyze their mistakes or are not in habit of self evaluation, these are the ones who always lose money. In trading, there are tricks and techniques that you need to learn in order to succeed. If one trick is not working for you, analyze it and try to figure out where you are going wrong because this is the only way you would be able to learn more and avoid committing mistakes.

that's right, this is the same as my experience, traders without learning, I just use the instinct like in gambling and finally? I suffered a big loss. There is no luck in trading, here it's all about strategy.
indeed we really need knowledge in analysis, because this crypto trade is pretty much a factor not just learning about charts. sometimes there is manipulation too.

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity.

Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

It all depends on how does the trader is using his strategy in every trade that he is doing. We need to consider their strategy, we all  start with instinct I think, when our guts is telling us that in this price we need to buy that because sooner or later it will pump again and we will have a huge money ,and we need to learn that trading is taking some risk, risk that are not always getting a high amount of money and be able to sell our coins in right places.

It pains me to watch new traders jump in head first without first learning what to do.

Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.

Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.

My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.

She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.

If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?

There were only 2 types of traders which are the ones who do mainly focused on TA and to those who believe with pure instinct/intuition/voodoo etc.
Lots are making money by doing active trade.Lots of them tried to do the same thing but it isnt really for everybody but it isnt really harmful to try
if we arent on the likes on waiting up for so long.

Especially if you need to comment on amateur investors and amateur traders, I can easily say that these people never developed themselves and therefore lost money because of the same or different mistakes. If there is something more important than the number of transactions and successful transactions of an investor or trader, it is that the person develops himself and does not make the same mistake that he has made before in the next transaction. Unfortunately, we never mind some of the minor or minor impacts, and we continue to do the same in the same way until we make another mistake that will cause serious damage. We will become a professional trader when we realize our mistakes and strive to improve ourselves.

That's true of pretty much everybody.  I remember learning that in the stock market, the more traders trade the less profit they made--but I think that's because the commissions brokers charge is much higher than crypto exchange fees.  But the expenses still have an effect that isn't negligible.

I'm not sure how you learn how to trade cryptocurrencies or even if you can.  I know lots of folks are into TA, but I think that's a bunch of voodoo pseudoscience, and I doubt that many TA traders really make money watching charts.  In any case, I've always been a buy-and-hold kind of investor and I'm not about to change that strategy. 

One thing to learn even if you're just holding for the long-term is not to panic when prices go down and not to sell when things get bad.  That's a mistake a lot of people make.

I would have been better off buying and holding.

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

In my opinion, this is not only a problem for traders. In any field, there are people who choose practice and, unfortunately, neglect such an important theory.
Of course, it is not necessary for all areas to know the theory, but trading is one of such areas.
It is best to find a teacher who will put you on your feet in trading than to study yourself or learn by trial and error.