Traders who never bother to learn how to trade - page 9.

EdenHazard

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Quote from: darewaller on August 11, 2019, 10:40:23 AM

Quote from: kaya11 on August 09, 2019, 07:42:08 AM

I kind of noticed that trading was not meant for me, because I am a low learner and not too serious of learning new things including in the trading field. I only buy coins when my friends says so, I never questioned them, maybe because I trusted them. When I tried to make decisions all by myself and picked some new alts, I lost it, and therefore stopped. All that I have bought was failures, I did not put much attention and therefore come to the point I quit.
This is really happening, mostly the new ones who are interested are the ones often being victim of this, they do not know how to trade but they do trade with them lacking in skills and knowledge of trading.

Never write yourself off, I don’t believe that there is anything that we cannot do if we out our mind to it, I know that trading is not for everyone, but not because we are completely weak about it. It is all about passion, it is when you don’t have passion for it that you will find yourself not learning it, but if you have passion for it, even if you are a very slow learner, you will definitely pick up one day

I would not force you to do what you don’t have passion for, as you have decided to quite trading, the advice I would have for you is to quit and then try to learn more about trading, and as you are learning, there are trading platforms that you can use to continue learning with and I believe that with time, you will surely get used to it and you find yourself doing better.

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

Russell963

newbie

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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.

guoyu78

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Quote from: ?? on ??

Forex is too hard market, so a lot of people lose money and some of them decide to teach Forex trading. It is these people who bring false knowledge to others.

I guess you must have been a victim of one of them for you to have known them this much. Forex is not that hard, the hard thing there is knowing how to work with technical analysis because it is only with technical analyses that you can do better with Forex market, without a full knowledge of technical analysis.

There is no way that you can predict and place a buy and sell order, so it takes a professional trader to be able to trade well and that is why crypto trading is still the best for now, you don’t even have to trade with leverage before you make profit, in crypto, provided you know how to target when to buy low, that is really the most important, you will surely make profit when the value of the traded coin increases, and the best form of investment in crypto is to hold.

ethereumhunter

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Quote from: ?? on ??

Quote from: Spaffin on August 11, 2019, 06:47:58 AM

It seems to me that people with certain knowledge will still be able to profit from trolls. But the cryptocurrency market, like in gambling, also needs luck and a certain experience that works in tandem with intuition. It is then that it will be possible to receive good income from trade. But in other situations, a simple trader is satisfied with only a small percentage of profit.

Simple trader or beginners are the one cannot satisfy their profits hunting they will go for higher risk soon after they made profits initially but the one who got experience will wait for the next favourable conditions.

I have also felt, at the beginning of trading, after we close the transaction with profit, feeling like wanting to open a transaction again even though our analysis says to wait, it seems like the hands become itchy to open a transaction. but I think it is a learning process

If you can able to learn that quickly then it won't cost you much losses from trading but many people exhaust their capital in this learning process and starts to blame the crypto currencies for their mistake.

Yeah, people who cannot learn so quick will get more losses, especially if they don't want to learn more about trading. Their capital will be gone just as soon as they don't analyze the chart. When we can make the first profit, it seems we need to control ourselves, so we don't make a wrong buy at the market. We could get lost if we don't be careful to analyze the coin so we will miss the chance to get a low price and sell at a high price.

lixer

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Quote from: ?? on ??

I have also felt, at the beginning of trading, after we close the transaction with profit, feeling like wanting to open a transaction again even though our analysis says to wait, it seems like the hands become itchy to open a transaction. but I think it is a learning process

When I started this, I experienced this a lot too, till I learnt my lesson, and I learn to take my analyses very serious and stop basin it on guess and assumption, the worst that first happened to me was on my first trade, I felt because I was good at using demo, that it would be the same as live trade, so maybe my hand was itchy too and I opened live trade, and the worst thing about my decision was even that I started trading with leverage, I ignored analysis and started trading with instinct till lost a lot on my first trade, but from there, I had to withdraw to go and learn more and that was what led to me being a pro trader till date. So we just need to have patience in when trading and make sure we strictly follow our analysis strictly.

South Park

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Quote from: FanEagle on August 13, 2019, 09:35:28 AM

snip

As long as you use money you are willing to lose you can even do day trading and you can learn how to trade while learning at the same time, after all doing something is the best teacher and the more you do the better you get. This is not some art related stuff where its subjective if you are good or not, its finances and if you make money you are good and if you lose money you are bad so you will learn it quicker.

It is possible to do as you say and learn to trade by doing real trades, but the drawback of what you are proposing is that we do not have an unlimited amount of money so even if the amount you use is small it is likely that you will lose it all as it happens to the majority of the traders, so it is way better to learn all what you can without using any money, that way when you are finally ready your capital will be intact and in the case of a drawdown it will be easier to recover the money lost to the market.

FanEagle

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It is not really that important to learn "how to trade" as long as you want to invest. I mean if you want to be a day trader then you need to start studying it a bit but if you are going to just buy some altcoin and hold it for long enough then you do not need to know the technical analysis or some other stuff that all day traders use or you don't ever have to look at the charts.

As long as you use money you are willing to lose you can even do day trading and you can learn how to trade while learning at the same time, after all doing something is the best teacher and the more you do the better you get. This is not some art related stuff where its subjective if you are good or not, its finances and if you make money you are good and if you lose money you are bad so you will learn it quicker.

darewaller

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Quote from: kaya11 on August 09, 2019, 07:42:08 AM

I kind of noticed that trading was not meant for me, because I am a low learner and not too serious of learning new things including in the trading field. I only buy coins when my friends says so, I never questioned them, maybe because I trusted them. When I tried to make decisions all by myself and picked some new alts, I lost it, and therefore stopped. All that I have bought was failures, I did not put much attention and therefore come to the point I quit.
This is really happening, mostly the new ones who are interested are the ones often being victim of this, they do not know how to trade but they do trade with them lacking in skills and knowledge of trading.

Never write yourself off, I don’t believe that there is anything that we cannot do if we out our mind to it, I know that trading is not for everyone, but not because we are completely weak about it. It is all about passion, it is when you don’t have passion for it that you will find yourself not learning it, but if you have passion for it, even if you are a very slow learner, you will definitely pick up one day

I would not force you to do what you don’t have passion for, as you have decided to quite trading, the advice I would have for you is to quit and then try to learn more about trading, and as you are learning, there are trading platforms that you can use to continue learning with and I believe that with time, you will surely get used to it and you find yourself doing better.

Spaffin

full member

Activity: 1316

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It seems to me that people with certain knowledge will still be able to profit from trolls. But the cryptocurrency market, like in gambling, also needs luck and a certain experience that works in tandem with intuition. It is then that it will be possible to receive good income from trade. But in other situations, a simple trader is satisfied with only a small percentage of profit.

babysweetTiger0401

sr. member

Activity: 777

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I think these are the traders want to earn in an easiest and fastest way as much as they can. They're might be greedy that's why they
never bother to learn due to they really don't want to learn actually. They thought, there is shortcut for big earnings. But of course its not
like that. And besides, trading is not for all people, therefore many are called only few are chosen.

kaya11

full member

Activity: 1344

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SOL.BIOKRIPT.COM

I kind of noticed that trading was not meant for me, because I am a low learner and not too serious of learning new things including in the trading field. I only buy coins when my friends says so, I never questioned them, maybe because I trusted them. When I tried to make decisions all by myself and picked some new alts, I lost it, and therefore stopped. All that I have bought was failures, I did not put much attention and therefore come to the point I quit.
This is really happening, mostly the new ones who are interested are the ones often being victim of this, they do not know how to trade but they do trade with them lacking in skills and knowledge of trading.

sana54210

legendary

Activity: 3318

Merit: 1128

Just like when I was new to this crypto thing and was making use of Coinbase, I never understood what the trade part was all about and mistakenly got into a trade, but luckily for me it wasn't a loss at first but a little gain… when I tried the second time, I lost a bit. That's when I started to realize what it was and then I decided to do some research on it and understand how it works and everything. I was able to come across some helpful articles that helped learn a lot of things about trading which I still use till today.

I believe everyone will learn their own lesson out of their losses and frustrations. Until experiencing those frustrations, no traders is finding time to analyze the importance of LEARNING FIRST well before touching the real trading.

South Park

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I am terrible at Fantasy Football!!!

Quote from: LogitechMouse on August 01, 2019, 01:12:59 AM

They are not traders. I call them "GREEDY INVESTORS".

Its hard to imagine that an average stupid so called trader will get profit even they don't have knowledge on what they are doing. They thought that trading in crypto is like counting 1 2 3 only. This is why most traders are getting a huge lost in trading because they are jumping out without any knowledge. Professional traders right now spent hours watching videos and gaining knowledge about crypto trading so an average trader must do it to in order for him to become a successful one.

This, everyone knows that if you want to become proficient at a skill you need to practice it for a long time before you see positive results, but for some reason that widespread truth gets forgotten when it comes to the markets, people see the potential to make profits without too much effort and they get interested in trading without actually putting the effort to become traders or understanding that every single person is looking for the same outcome than they are and unless their level of skill is higher than the level of their competition then they are the ones that will lose.

SquallLeonhart

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Quote from: goinmerry on August 06, 2019, 02:11:18 AM

People these days want easy money without understanding the facts, do's and don'ts, and everything else about trading. They need to understand that it is not just typically buying and selling.

It wouldn't hurt to read and study first because it will surely help them in the long run.

Also, knowledge is not enough. You also need to gain experience from trading and learn from it. When knowledge and experience combines, you will surely understand trading more deeply. It takes time. You need to invest your time to learn. And your learning will help you to be successful in trading.

Does trading look like gambling to them, even gambling is not so easy to make money from it, and not to talk of trading. Even if they have that mentality of easy money, they will have no choice than to jettison such mentality when they are faced with the reality of real trading when they start it, then they would understand that trading requires lots of work and lots of dedication for people to really make some tangible profits out of it.

The way people learn trading nowadays is really so strange to me, someone that is entirely new to trading would just ring one page of trading in a day and the next day, he or she wants to start trading like it is that easy, during my own time, it took me 6 months to study trading theory wise and understand it, while it took me another 6 moths to vigorously practice it to become better.

arpon11

sr. member

Activity: 882

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Trading is not something you can jump in without adequate and comprehensive knowledge and experience on how it works. You will have your entire trading capital wipe out if you don't spend quality time and funds to be trained or training yourself on how to trade professionally because it is only the experts in analyzing the market using the technical and fundamental tools to make and investment decisions that will make you successful in investing and trading. Never try getting into trading with money that is not your own and doesn't put in your feeding money.

goinmerry

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Quote from: babysweetTiger0401 on August 03, 2019, 03:05:16 AM

Well, as I can see to those traders who came up into crypto trading that most of them are always in a hurry to get profit,
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.

People these days want easy money without understanding the facts, do's and don'ts, and everything else about trading. They need to understand that it is not just typically buying and selling.

It wouldn't hurt to read and study first because it will surely help them in the long run.

Also, knowledge is not enough. You also need to gain experience from trading and learn from it. When knowledge and experience combines, you will surely understand trading more deeply. It takes time. You need to invest your time to learn. And your learning will help you to be successful in trading.

Questat

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Quote from: Soots on August 05, 2019, 03:08:01 PM

These traders are quickseller, and I guess most of them are those who dumped coins at worst. Panic seller are those who didn't want to learn how to trade safely. They're just jumping from one another coins and buy but eventually sell their assets at larger number without even holding it on several days.

They easily get distracted when there are market changes because they have a lack of trust and always thinking negative. They easily been caught into FOMO when they hear news and to know what will exactly happen to them? they'll absolutely be losing by then.

They are not the real market traders and we don't need to be bothered with them, instead will be happy since they'll give our chance to buy their coins a low price.

Soots

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These traders are quickseller, and I guess most of them are those who dumped coins at worst. Panic seller are those who didn't want to learn how to trade safely. They're just jumping from one another coins and buy but eventually sell their assets at larger number without even holding it on several days.

bitgolden

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Quote from: Ms_Arc on August 02, 2019, 09:23:56 PM

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win.

Nobody is saying that there won be any losses in trade, even the called professional trader must at some points lose their trade, but when you constantly loose more than winning, then there is need to pause and then look deep into what could be causing the several loses. You have to check if it is lack of proper knowledge, lack of strategies and skills, and it could also be greed that is causing it.

So, if your friend save been trading for that 5 years and cannot have record of success, then they are simply just wasting their time, they need to quit trading first, and then look at those things I mentioned to see which of them is actually affecting them, then they need to really work on themselves and then probably come back to trading again after they must have fixed those things.

stfN2128

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Quote from: Ms_Arc on August 02, 2019, 09:23:56 PM

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win.

It does not count how long you are in the market. It counts what do you put in, in that time to learn. Its the same thing with the type of guys who goes 3 time or more a week in the gym. if you put some effort in and work hard, you get results after a decent period of time. If you just go in to talk and do nearly nothing, you don't make any progress.
It's not a matter how long you are in, its a matter of how many time you put in to learn and train your mind. Good trading is more psychological than any other thing.

Topic: Traders who never bother to learn how to trade - page 9. (Read 3326 times)