I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.
Topic: Traders who never bother to learn how to trade - page 5. (Read 3341 times)
As a newbie no one will suggest that person to starter trading platform asset is so so we need to have some general basic knowledge about trading and its features and how all the have been using the trading platform in in better way.
As a investor traders will be playing quite a while like a game players how they are doing but the people who is really doing the trading as there any they will be more careful and there will be little slower than these small traders.
As a investor traders will be playing quite a while like a game players how they are doing but the people who is really doing the trading as there any they will be more careful and there will be little slower than these small traders.
Most people are not good at trading
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
We don't know what people are doing with their everyday life, how are they, what are their skills and capabilities. I've known some persons who has eagerness and willingness to learn, they are really doing their best to study it but they can't really make it, they are having hard time to learn it maybe because they do have lack of time and it's not their line of business.
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?
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?
You're absolutely right - it's crucial that new traders do enough research and educate themselves. Too many people jump in without even knowing the basics, and make huge losses.
I don’t think that people are too dull to sign a death warrant for their money going into trading without learning on how to trade first. We might say that people go into trading without having enough training before doing that or quality experience which is what is required to have a very successful trading.
The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
You'll be surprised by all the crazy things that people do, while it doesn't make sense to try to become a trader without studying the subject as much as you can it is undeniable that there are many newbies out there that believe that trading is extremely easy since they are bombarded all day with ads about how easy is to make money in the marketsThe only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
Most people are not good at trading
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
I don’t think that people are too dull to sign a death warrant for their money going into trading without learning on how to trade first. We might say that people go into trading without having enough training before doing that or quality experience which is what is required to have a very successful trading.
The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
You'll be surprised by all the crazy things that people do, while it doesn't make sense to try to become a trader without studying the subject as much as you can it is undeniable that there are many newbies out there that believe that trading is extremely easy since they are bombarded all day with ads about how easy is to make money in the markets.The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
But we know this is not true, making money in the markets is extremely difficult and when you add that they have completely irrational beliefs about the money that they can make then they take too many risks too fast without any knowledge and experience and that can only lead to disaster.
Traders who never bother learn will grow for sure and we people might find the users who lost the funds while they were being a newbie like lacking of knowledge about cryptocurrency.
While you are being a part of trading update yourself and do trading as part time to grow more.
While you are being a part of trading update yourself and do trading as part time to grow more.
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?
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?
Yes, I totally agree with your opinion. learning and maximizing time are two things that must be done for someone who wants to be successful. trade is a job that will indeed be a field of income if done in the right way, and all that requires a learning process. trading that is not based on learning about the science of trade, I think trading will indeed be a gamble with a bad opportunity. gambling alone still requires research if we want to win, let alone trading crypto. at least have to understand the basics of trading knowledge so that the chances of success are even greater. and maximizing the time available to study is a support for making someone successful. there is no stop to learn, we must always study the factors that influence the rise and fall of market prices in crypto trading. for example we must always learn about the latest news or must be able to analyze graphs so we can speculate what will happen in the future or learn others. so I think everything you say is very true.
Most of the traders are always on a rush. They hit want to make that money real quick and get out lol. I think it's the kind of information that these people are getting from friends that makes them think that this is easy. And I'm tired of people that say Bitcoin and cryptocurrency is easy, it is not, day trading is even more difficult. If you're going to be a day trader then you should be ready for the heavy paperwork that follows. Long term investment is the one that is a bit easy, despite that, you will still have to learn when is the right time to buy and when to sell. Without learning all that you will just keep on losing money.
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
First of all there is an talk among people who hear the term bitcoin for the first time, bitcoin is an easy way to get rich. There arises the next question. What all the possible ways that get us maximum return in short term. Here the new ones find trading, gambling as the most preferred way for earning and becoming rich. In the event of trading without any basics just starts to invest randomly and experiences loss. Some turn their minds towards gambling. This is how people fail in trading without proper learning about the basics.Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
You have a point, The best way to improve your trading is being willing to borrow advice from other professional traders who have been in the trading arena longer than you. This way, you will learn of what trading tools to use and learn more about profitable trading strategies, among other beneficial tips. If you are not open to learning and your actions are similar to a gambler, there is no way you can become a successful crypto trader.
it does not make any sense to me at least that a trader wants to be a trader but does not like to read about it or learn it. If the guy does not like the stuff, still he is supposed to do it because this is the right and working way. Jumping into the trading world without the basic knowledge will eventually hurt the fellow and may be he will have to leave it too. As it goes, victory loves preparation. So he must be serious with his initial steps.
I don’t think that people are too dull to sign a death warrant for their money going into trading without learning on how to trade first. We might say that people go into trading without having enough training before doing that or quality experience which is what is required to have a very successful trading. The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
Most of the traders are always on a rush. They hit want to make that money real quick and get out lol. I think it's the kind of information that these people are getting from friends that makes them think that this is easy. And I'm tired of people that say Bitcoin and cryptocurrency is easy, it is not, day trading is even more difficult. If you're going to be a day trader then you should be ready for the heavy paperwork that follows. Long term investment is the one that is a bit easy, despite that, you will still have to learn when is the right time to buy and when to sell. Without learning all that you will just keep on losing money.
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
First of all there is an talk among people who hear the term bitcoin for the first time, bitcoin is an easy way to get rich. There arises the next question. What all the possible ways that get us maximum return in short term. Here the new ones find trading, gambling as the most preferred way for earning and becoming rich. In the event of trading without any basics just starts to invest randomly and experiences loss. Some turn their minds towards gambling. This is how people fail in trading without proper learning about the basics.Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
You have a point, The best way to improve your trading is being willing to borrow advice from other professional traders who have been in the trading arena longer than you. This way, you will learn of what trading tools to use and learn more about profitable trading strategies, among other beneficial tips. If you are not open to learning and your actions are similar to a gambler, there is no way you can become a successful crypto trader.
Most of the traders are always on a rush. They hit want to make that money real quick and get out lol. I think it's the kind of information that these people are getting from friends that makes them think that this is easy. And I'm tired of people that say Bitcoin and cryptocurrency is easy, it is not, day trading is even more difficult. If you're going to be a day trader then you should be ready for the heavy paperwork that follows. Long term investment is the one that is a bit easy, despite that, you will still have to learn when is the right time to buy and when to sell. Without learning all that you will just keep on losing money.
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
First of all there is an talk among people who hear the term bitcoin for the first time, bitcoin is an easy way to get rich. There arises the next question. What all the possible ways that get us maximum return in short term. Here the new ones find trading, gambling as the most preferred way for earning and becoming rich. In the event of trading without any basics just starts to invest randomly and experiences loss. Some turn their minds towards gambling. This is how people fail in trading without proper learning about the basics. Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
Blaming the market conditions is a common symptom of Trader's fallacy and the more their account profitability curve tends to go down they lose the weapon for controlling their emotions. In bad situations, they jump from the last altcoin trading position to another and this is kind of behavior similar to the revenge trading. Understanding the value of crypto-asset they hodl is not enough in the bear market, they simply cant handle the consequences of losing trade series.
Not only it is a very common mistake to blame the markets it doesn't help you to grow as a trader, traders need to understand that the market is a zero sum game and this means that if you are losing money there is another trader at the other side of the world that is earning money because he had a more comprehensive view of the market and right now is beating you and taking money away from your account.What you need to do is to try to improve whatever mechanism that you are using to select when to enter and when to get out of the market but for that you need to be humble, you need to know that no matter what you do you will keep making mistakes but you can improve.
Most of the traders are always on a rush. They hit want to make that money real quick and get out lol. I think it's the kind of information that these people are getting from friends that makes them think that this is easy. And I'm tired of people that say Bitcoin and cryptocurrency is easy, it is not, day trading is even more difficult. If you're going to be a day trader then you should be ready for the heavy paperwork that follows. Long term investment is the one that is a bit easy, despite that, you will still have to learn when is the right time to buy and when to sell. Without learning all that you will just keep on losing money.
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.
People tend to go for jobs or activities that require less mental activity and more of physical because in this way you stay relaxed and avoid stress. Trading especially short term or day trading is mind sucking and it keeps nagging traders because of which people often make wrong decisions ultimately facing losses. I am not involved into this awful mess rather I like keeping things simple so long term is great.
We understand that, we do have different kinds of activities in our daily life, and it is not good to encourage and push everyone to do day trading if this is not line of business, or they don't know how to analyze market at all, we do have different kinds of wants in achieving our goals, maybe for some people they don't like trading as they prefer in sales business, or they prefer mining industry, this is not a problem at all, as it depends on them how they want to make their future.
I think most of the new traders are just attracted because of the possible profits and not with the passion on trading. They think its a good vehicle to get rich quick even with when they have zero knowledge about basic trading. Some think its easy because of the “buy low, sell high” sounds easy but its not, theres more than that phrase.
There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
And that is another problem, one basic advice that most of us have received at one time is to do what we love and the reason behind it is obvious you will have a tendency to be better at what you love simply because you will dedicate more time and effort to it since it is not only a way to make money to you but your passion, but if you do not like an activity then you will not do the same and you will never be as good.There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
In this market it is easy to see many traders that only care about making profits but they are not interested in the process of generating those profits, like studying different trading methods, reading books and testing their strategies, and without that you cannot be successful.
I am often very important in this matter, and every altcoin has its own value that you need to research carefully because things are not always easy and there will be times that make you have a lot of difficulties.
Yes, I understand the message you want to send to the community. but I have many friends, have great trading knowledge but the psychology is not stable. he trades like gambling and keeps losing money when his mind is out of control.
It is the biggest problem that makes many new traders lose. This is also an additional message.
Its just shows that if you want to be a trader you have to be prepared mentally and emotionally.It is the biggest problem that makes many new traders lose. This is also an additional message.
Gaining knowledge is not enough if you cant set aside your emotion when you trade because you cant apply everything you learn if your emotions dictate you on what to do when you trade.
Trading is not easy especially if you are greedy to earn. Take it slowly and have your own plan and understanding and dont rely to signals or in the analysis of other traders.
Trading does not only require knowledge but a trader should also be prepared emotionally because your knowledge will be useless if you let your emotions do the decisions. If you got to be very emotional in trading tendency is that you make mistakes, your strategies begin to fail because your mind is to focus on your emotions. Trading is not as easy as what most people think so one should be ready mentally and emotionally.
I think most of the new traders are just attracted because of the possible profits and not with the passion on trading. They think its a good vehicle to get rich quick even with when they have zero knowledge about basic trading. Some think its easy because of the “buy low, sell high” sounds easy but its not, theres more than that phrase.
There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
And that is another problem, one basic advice that most of us have received at one time is to do what we love and the reason behind it is obvious you will have a tendency to be better at what you love simply because you will dedicate more time and effort to it since it is not only a way to make money to you but your passion, but if you do not like an activity then you will not do the same and you will never be as good.There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
In this market it is easy to see many traders that only care about making profits but they are not interested in the process of generating those profits, like studying different trading methods, reading books and testing their strategies, and without that you cannot be successful.
I am often very important in this matter, and every altcoin has its own value that you need to research carefully because things are not always easy and there will be times that make you have a lot of difficulties.
I think most of the new traders are just attracted because of the possible profits and not with the passion on trading. They think its a good vehicle to get rich quick even with when they have zero knowledge about basic trading. Some think its easy because of the “buy low, sell high” sounds easy but its not, theres more than that phrase.
There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
And that is another problem, one basic advice that most of us have received at one time is to do what we love and the reason behind it is obvious you will have a tendency to be better at what you love simply because you will dedicate more time and effort to it since it is not only a way to make money to you but your passion, but if you do not like an activity then you will not do the same and you will never be as good.There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
In this market it is easy to see many traders that only care about making profits but they are not interested in the process of generating those profits, like studying different trading methods, reading books and testing their strategies, and without that you cannot be successful.
Same for bounty hunters, they promote whatever is there and see if its going to deliver and got high rates on exchanges only to find out its a scam.
If a person wants to earn daily by trading, he has to learn and it isn't as simple as buy low and sell high. If day trading isn't for you, you try being a swing trader who only trade when the market looks very favorable due to the trend being very obvious.
I think most of the new traders are just attracted because of the possible profits and not with the passion on trading. They think its a good vehicle to get rich quick even with when they have zero knowledge about basic trading. Some think its easy because of the “buy low, sell high” sounds easy but its not, theres more than that phrase.
There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
And that is another problem, one basic advice that most of us have received at one time is to do what we love and the reason behind it is obvious you will have a tendency to be better at what you love simply because you will dedicate more time and effort to it since it is not only a way to make money to you but your passion, but if you do not like an activity then you will not do the same and you will never be as good.There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.
In this market it is easy to see many traders that only care about making profits but they are not interested in the process of generating those profits, like studying different trading methods, reading books and testing their strategies, and without that you cannot be successful.
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