Traders who never bother to learn how to trade - page 8.

maydna

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Quote from: MI6 on September 03, 2019, 02:10:09 AM

Quote from: maydna on September 03, 2019, 12:40:25 AM

Quote from: ?? on ??

The majority of traders enter this market with the thought that they can make a profit easily and get rich quickly. (Some will probably get lucky, but most will as you say: losing money). Because of such thinking, it is very difficult for them to start from a small amount of money, to be able to draw lessons.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.

Usually, maybe a lot of case already happen. For people who can get profit in their first time trade, maybe will think "ahh i can get money instantly with this" and then use all their money to trade, luck wouldn't come twice, but analysis can be used anytime. If not use analysis, only need time for they to know if they lose their money. I already meet a lot of people like that.

Besides that, they will think that trading is easy because they can get their first-time profit. But if they don't learn more about analysis, they cannot make a profit again in the next trade because the situations will not be the same as before. There is no way for us to make a profit in trading if we don't have the skills to analyze. That is why even traders can analyze with easy, and they need to still learn to trade because no one knows what will happen in the next days.

Apaxy

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Activity: 512

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Quote from: ayoubouni95 on September 03, 2019, 02:44:10 AM

Got in quick too and traded without doing a lot of research first. Initially intended to buy only a fair share of promising tokens that just got listed but I was unfortunately swayed by hype. I ended up selling all of the tokens I acquired too early during a bullish run, got impatient then re-invested so I could buy back the tokens I initially intended to hodl, at a higher price from a bear market. I've learned my mistakes and will try to be more patient next time and try to trade with more knowledge.

If you earned tokens using the Bounty company, then most of these coins are junk on the entire cryptocurrency market. Using these coins not only to learn, but to earn will be almost impossible. How to learn to trade if there is no real trade in such coins? It seems to me that you need to learn with the help of real and promising projects in order to become a less experienced trader in the market.

ayoubouni95

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Activity: 566

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Got in quick too and traded without doing a lot of research first. Initially intended to buy only a fair share of promising tokens that just got listed but I was unfortunately swayed by hype. I ended up selling all of the tokens I acquired too early during a bullish run, got impatient then re-invested so I could buy back the tokens I initially intended to hodl, at a higher price from a bear market. I've learned my mistakes and will try to be more patient next time and try to trade with more knowledge.

MI6

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Quote from: maydna on September 03, 2019, 12:40:25 AM

Quote from: ?? on ??

The majority of traders enter this market with the thought that they can make a profit easily and get rich quickly. (Some will probably get lucky, but most will as you say: losing money). Because of such thinking, it is very difficult for them to start from a small amount of money, to be able to draw lessons.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.

Usually, maybe a lot of case already happen. For people who can get profit in their first time trade, maybe will think "ahh i can get money instantly with this" and then use all their money to trade, luck wouldn't come twice, but analysis can be used anytime. If not use analysis, only need time for they to know if they lose their money. I already meet a lot of people like that.

maydna

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Activity: 2912

Merit: 556

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Quote from: ?? on ??

The majority of traders enter this market with the thought that they can make a profit easily and get rich quickly. (Some will probably get lucky, but most will as you say: losing money). Because of such thinking, it is very difficult for them to start from a small amount of money, to be able to draw lessons.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.

Questat

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Activity: 2982

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Quote from: cofinder on September 02, 2019, 09:14:24 AM

I'm not happy about this situation either. But if they don't want to learn then they will have to learn from their own mistakes. That's the only remedy from trading ignorance.

They belong to the losers, when some traders are losing the others are making profit, for me, that's normal, we can't expect everyone are good in trading and continue to make money, it's a competition, it's not just reading the chart using your TA and the likes, but this market is all how psychological decision making where you have to control your emotion and play tough so you don't get fooled by the whales.

FantasyGold

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This is a very common issue with most. The simplest logic people don’t understand is that trading is enough to give them all the needs, so there is no point in trying to hurry up. If we go correctly, then even slower earning is better than majority of the stuff we do in normal situations. I love trading and it just becomes 2x enjoyable thanks to FreshForex broker that I work with using their 101% Tradable Deposit Bonus, it’s amazing!

Hypnosis00

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Quote from: cofinder on September 02, 2019, 09:14:24 AM

I'm not happy about this situation either. But if they don't want to learn then they will have to learn from their own mistakes. That's the only remedy from trading ignorance.

Actually, there is no excuse from being ignorance and to make it lose. We'd all been experience losing before but it quite to consider this as a sort of learning and find a way to make it right. Facing such risk in trading, isn't that really easy but we can do the right things and follow advises just to correct what we have been doing wrong before. That's the only could help and trading life will success.

milewilda

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Quote from: ?? on ??

Some traders make a lot of efforts before jump into the market while the other ones make only small efforts before making the final decisions. Besides that, there are also traders who makes decision based on feeling only. Indeed, for maximum result, traders need to learn a bunch of stuffs.

Traders can be classified into two which the other do rush up and the other do make some preparations when they do trade up.
Rushing up two things do have common outcome which is losing money but somehow there are traders who do able to risk up directly
but eventually learn up from their mistakes and on the other side traders that do have preparation does much more better but doesnt mean
that they dont have the risk of losing. Guts and trading using up intuition is somewhat common yet ive been doing this even ive been trading a year.

cofinder

newbie

Activity: 48

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I'm not happy about this situation either. But if they don't want to learn then they will have to learn from their own mistakes. That's the only remedy from trading ignorance.

deisik

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Quote from: EdenHazard on August 17, 2019, 06:31:04 AM

Don't force yourself if you found you are sucks at trading , just pull yourself together and get on with your job, otherwise i can guarantee your way to trade would feel like it's a pure gambling by placing a buy and sell order based on your guts which is a wrong way to make your money productive there

Wholeheartedly agree with this point

But it is almost always more complicated and more difficult than that. Do gamblers force themselves to gamble? Typically, it is quite the other way around, i.e. they force themselves not to gamble (and most of the time fail miserably at that). It is an addiction, and it takes a tremendous amount of effort to get off of it. But trading can be and often is an addiction too as many, if not most, people massively overtrade even if they don't suck at it (in the way you mean it). In other words, they trade because they can, not because they are so much looking for profits

Quote from: EdenHazard on August 17, 2019, 06:31:04 AM

In several cases a newcomer who frustated get a losing streaks in trading prefer straight to gamble to blow off steam, a fatal mistake

Yeah, we all read that tragic story

South Park

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Quote from: playboy654 on August 17, 2019, 12:48:27 PM

People gamble with their money in the name of crypto trading that is why most of the people are in losing while doing crypto trades at the risky market condition. I suggest the people to learn the basic technical analysis skills if they really want to to take trading as a serious thing in their life or else they are simply gambling with the the money what they have.

There was maybe a time where just knowing the basics was more than enough to make profits since the market was full of newbies, but as the market gains liquidity and popularity we are beginning to see a greater level of skill among traders which means that just knowing the basics is not enough, if people are serious about making money then they need to dedicate a significant amount of time to learn how to trade otherwise they will become victims of the more experimented traders out there.

adaseb

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This doesn't only happen in Crypto markets. Traders make the same mistake in trading stocks, bonds, futures, options, ETFs, commodities, etc.

They basically watch a movie like "Wall Street", "The Big Short", or "The Wolf of Wall Street" and look at a few charts, open up a demo account and take a few demo trades and go from $100K to $1 million and decide for a career change.

Then when they got real money on the line they finally realise how much for difficult it is than it seems. Like discussed here. Most traders make good trades but they take profits too quickly and they let their losers run. And what happens is that even if they get 50% of their trades correct. One trade that goes down 80% of their account is usually what makes their account go bust. And then they have to send another deposit into the exchange because they ran out of money. And the cycle repeats.

Mehr Sher

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It’s such a bad way to go about Crypto Trading and something that causes obvious issues for everyone. I just can’t understand how anyone could succeed without trying out How to do Crypto Trading, it’s not something you learn overnight but through so many lovely ways. I love YouTube, as there you can learn so much in proper detailed manner and this is just one because there are many other ways to get it stored rightly.

sana54210

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Quote from: Russell963 on August 17, 2019, 05:01:36 AM

A trader’s task is not just buying and selling rather it is more than that so it is vital to learn all aspects of trading. Also, there are many traders who in order to get the understanding of market read online which may be partially wrong or correct. A little knowledge of something is dangerous.

What is the task of a trader other than buying and selling which is even the general definition of a trader, the main reason why they came into the crypto market is just to buy coins at cheaper rate and then sell at higher rate as many time as possible. But like you said, in other to be perfect in this, because they are now different from being an ordinary market trader and I think that is what you mean.

There is need for them to acquire knowledge as much as they can because trading of cryptocurrency or Forex trading really require a solid skill and strategies to be able to ascertain when to place an order and when to sell their order. Any trader that jumps into the market to trade without that solid knowledge does that at his or her own risk.

bastian466

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Quote from: Yamifoud on August 17, 2019, 05:48:12 PM

Quote from: bastian466 on August 17, 2019, 03:37:55 PM

It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money

That would be a sort of learning for the newcomers, they should know what it takes for crypto-investment. We can't find it too risky if we know how it works for and considers this as a normal event. Yes, losing might be in our ends sometimes but we can't just be down because of bad experience, instead will bring this as a reason to be careful in the next round.

Learning from defeat does make us careful that in the future we will not experience the same thing but if we have the knowledge and skills we can avoid things like that and we know where to go

Yamifoud

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Quote from: bastian466 on August 17, 2019, 03:37:55 PM

It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money

That would be a sort of learning for the newcomers, they should know what it takes for crypto-investment. We can't find it too risky if we know how it works for and considers this as a normal event. Yes, losing might be in our ends sometimes but we can't just be down because of bad experience, instead will bring this as a reason to be careful in the next round.

bastian466

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Activity: 1372

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It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money

playboy654

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Activity: 546

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People gamble with their money in the name of crypto trading that is why most of the people are in losing while doing crypto trades at the risky market condition. I suggest the people to learn the basic technical analysis skills if they really want to to take trading as a serious thing in their life or else they are simply gambling with the the money what they have.

Fredomago

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Quote from: ?? on ??

Some traders make a lot of efforts before jump into the market while the other ones make only small efforts before making the final decisions. Besides that, there are also traders who makes decision based on feeling only. Indeed, for maximum result, traders need to learn a bunch of stuffs.

It's indeed needed to have more knowledge and keep enhancing your skills when you are working with this market, if you want to maximize your potential profits then extending your time keeping yourself updated and having a lots of research to make sure you are doing it right, never to be bothered to keep learning and be stuck with one strategy but much better to have more plans.

Topic: Traders who never bother to learn how to trade - page 8. (Read 3326 times)