Why did 95% of traders fail and lose money? - page 2.

BigBos

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Quote from: bitbunnny on October 31, 2019, 11:43:02 AM

I think that number is exaggerated. Every traders experiences loss from time to time but that doesn't necessary mean general failure.
Lack of knowledge and experience as well as lack of long term strategy could lead traders to loss and that they might give up trading but still such big numbers of those who quit are not correct I think.

yeah, 95% is too much, it is almost all of it. in my opinion some people don't trade every day, even they only do it a few times a year. for those who have already made a profit, and have been in crypto for a long time, I think they will continue to trade. maybe some people give up after 2 years of trading, but that doesn't guarantee that they will stop completely. they could come back if they saw an opportunity, and that happened to me. trading is not easy, that's why many people stop doing it.

BonfireBob

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It is my theory based on my personal experience, but maybe most of the traders jumped into the train when the market was skyrocketing? After it fell down, most of them left?

bitbunnny

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I think that number is exaggerated. Every traders experiences loss from time to time but that doesn't necessary mean general failure.
Lack of knowledge and experience as well as lack of long term strategy could lead traders to loss and that they might give up trading but still such big numbers of those who quit are not correct I think.

sunsilk

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That number 1 isn't accurate, most of the day traders aren't even waiting for that long just to quit. A month or several months would suffice if it's no longer beneficial for them so they stop.

It's hard to become a day trader and success isn't guaranteed. Many are quitting but there are still those traders that has been making this their bread and butter. I've tried to become one before but I've shifted to a holder which works better for me.

Clement Kaliyar

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Quote from: gabbie2010 on October 31, 2019, 07:45:39 AM

Those 80% newbies have the mindset of becoming rich within the shortest period of time not minding the learning process of becoming a good trader also they trade without a good money management even with fairly profitable strategy a good money management will be profitable in a long run while I agreed with OP on his statistical analysis of why 95% traders fails.

Majority of the investors coming into the market is attracted towards the profit they could earn from the bitcoin market as it is the most performing financial asset in the world for years and it will attract many into the market and if they see the high volatility they might panic as they have not seen this kind of volatility in any market and the people who are aware of the market knows they will earn the profit.

pundit

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Trading is actually a game of patience only. If a person can wait for the right setup, profit probability becomes high but unfortunately most of the traders are not patient, they trade the market like they will not find the opportunity again, this leads them to lose their money. Market is always here so if it is traded patiently one can get profit out of it. Technical trading of most of the financial markets is almost same.

Ailmand

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Lack of knowledge and patience will surely result into failure. In trading and investing, we're not just investing funds but we're actually investing our time and eagerness to learn. Traders who easily give up don't have much faith for their coin. Knowledge and enough information about trading is necessary so we'll know how to apply at least the basics of trading and investing. Good things come to those who wait and for those who have chosen the right coin.

serjent05

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Quote from: gabbie2010 on October 31, 2019, 07:45:39 AM

Those 80% newbies have the mindset of becoming rich within the shortest period of time not minding the learning process of becoming a good trader also they trade without a good money management even with fairly profitable strategy a good money management will be profitable in a long run while I agreed with OP on his statistical analysis of why 95% traders fails.

They lack patience. That's the whole reason about it. Even if a trader is equipped with a full arsenal of knowledge if he lacks patience and unable to wait for good things to happen then all he can do is sell all and quit. If he is unable to learn patience then there is no fix for this failure. Trading is buying and selling at the right time and patience is the key here.

teosanru

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Quote from: jane mario on October 30, 2019, 10:01:35 PM

Here are 6 of my reasons, what about your thoughts

1.80% of day traders give up within the first two years;

2.Among day traders, only nearly 40% of the day's trading was within a month only;

3.Within three years, only 13% continued trading. After 5 years, only 7% were left;

4.The average individual investor is 1.5% less than the market index;

5.Active traders' performance drops by 6.5% annually;

6.Traders with up to 10 years of experience continue to trade.

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I think because almost all traders focus on one thing which is system, which means just finding out when to buy and when to sell. But I think what one should be more concerned with is risk management and loss mitigation technique. Generally, we find traders employing huge trading capital, but obviously at initial stages every trader loses money. It's often seen that after such a big loss these traders are never able to come back up to life because they have certainly lost all their confidence. I think one should employ a very minimal trading capital in his initial trading days and only after properly back testing his strategy should go full on with full capital.

aysg76

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Quote from: jane mario on October 30, 2019, 10:01:35 PM

Here are 6 of my reasons, what about your thoughts

1.80% of day traders give up within the first two years;

2.Among day traders, only nearly 40% of the day's trading was within a month only;

3.Within three years, only 13% continued trading. After 5 years, only 7% were left;

4.The average individual investor is 1.5% less than the market index;

5.Active traders' performance drops by 6.5% annually;

6.Traders with up to 10 years of experience continue to trade.

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See i appreciate the statistics you have mentioned about trade failures but trading is not an easy task and you need high level of knowledge and skill to trade profitable in this highly volatile cryptocurrency market.Moreover you need to spend time and gain experience and not do panic selling which can cause loss and handle the stress in dump situatuons.It takes time to get profits as risk factors are reason for your growth so keep going on your way.

yoseph

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Quote from: Tylev on October 31, 2019, 12:20:40 AM

Yes, very interesting statistics. If you believe her, then the life of a trader is not so profitable as previously thought. Firstly, here you need good knowledge of the cryptocurrency market, and many immediately rush to make a profit. Secondly, this market turned out to be very unpredictable and therefore it is very difficult to make money on it. Only a few succeed.

The unpredictability of the cryptocurrency market tend to have a positive aspect as well, for example the recent spike this week has been vey good and no one can really explain why Bitcoin started to go up when the day before we were all afraid that it was going to go down to the $7000 range.

tambok

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Quote from: gekido on October 31, 2019, 09:23:26 AM

traders ? you mean noobies on crypto,

They are just afraid of the risk as always, real crypto trader are certain crypto will rise, they invest then live their life as they never invested and as this money does not even exists, then they came back on it in the bullrun time, that's all.

The noobies spend money then as soon as it drops and soon as they read bad news they are afraid then sell, its so obvious.

That's all part of trading lesson, we learned thru our own experience, we learned because we failed many times. We should not belittle those kind of people as they also want their life to change, yes they may failed many times but still we should be proud that they are trying and not just watching and wasting their life.

gekido

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traders ? you mean noobies on crypto,

They are just afraid of the risk as always, real crypto trader are certain crypto will rise, they invest then live their life as they never invested and as this money does not even exists, then they came back on it in the bullrun time, that's all.

The noobies spend money then as soon as it drops and soon as they read bad news they are afraid then sell, its so obvious.

Google+

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Quote from: zviadits on October 31, 2019, 08:31:06 AM

Traders lose money due to its rush. This is my opinion, because often Bitcoin is able to recover over the time to cover all losses of an unsuccessful deal, but traders are afraid of risks and trade at a loss.

indeed, it usually makes traders suffer a lot of losses because they cannot control their patience so they are easily affected by market conditions and losses, traders should be able to control their patience and can be calm when trading in order to get a lot of profits.

darkangel11

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Most traders lose money because the majority never wins. It's a rule of the society that the majority is never smart. The majority never knows what it wants, the majority is never lucky. You can choose any aspect of life. Most people are not rich, most people are not successful, most people are not smart, most people can't stay in marriage for life, most people can't manage their wealth and their time, and so on. We are not perfect and as a matter of fact we can divide the society into 80 percenters and 20 percenters. 20 percenters are those smart ones who excel in at least one task like they are perfect doctors or perfect mechanics and the other 80% is mediocre.

Rinimitra1926

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One of the most important myths Why did ninety fifth of traders fail and lose money? Traders in spite of however restricted their expertise, appear to any or all have detected identical story! I even have no plan wherever this started however I even have a really sensible plan of why this myth continues on these days and can continue on for a protracted time to return.

There is one major factor all unsuccessful traders have in common which is that they fail to require full responsibility for his or her commercialism. they'll suppose they are doing, however once it comes all the way down to it they're all searching for any excuse or reason on why it's too laborious to create cash.

This is identical reason indicators ar thus fashionable within the Forex market. Indicators permit traders to pass the blame onto the indicator once the trade doesn’t calculate. once the trade goes dangerous they will merely sit back and say “that indicator didn’t work”! however once the trade may be a winner they're the neatest bargainer obtaining around.

All the traders that still lose cash commercialism Forex like to unfold the word to different aspiring traders simply however laborious creating cash is. This makes them feel higher regarding their own lack of success. Before you recognize it the new bargainer WHO has simply been told it's too laborious by the losing bargainer is finding themselves abandoning as a result of they currently suppose it should be not possible to become a part of the exclusive five-hitter of winning traders!

zviadits

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Traders lose money due to its rush. This is my opinion, because often Bitcoin is able to recover over the time to cover all losses of an unsuccessful deal, but traders are afraid of risks and trade at a loss.

Reid

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Oh! and then a sudden advertisement at the end. Grin

First of all this should be in Trading Discussion.
Are you sure with those numbers?
Are they really accurate?

I wont waste time finding those type of statistics but I am really intrigued to where you got that.

Fatunad

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This is like taken from the experience. As we all know a lot of the people who tried to learn and experience trading have failed because they are expecting too much which turns out to be not what they want to be as result.
That lists in the OP might be true but what I really believe why new or even the old traders usually fails is the lack of patience.

Zionatin

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I think too many people think you can just start trading without any prior knowledge or experience. Since there is no real way to study it only with experience will you learn. So they think that if they just buy and sell it is easy. All you have to do is "buy low and sell high" very easy to say and very difficult to do. Most people do not make money immediately and because of this they give up and think it is too hard or not worth it.
That is a common problem with people, they give up with too much ease. People think things will come easy and trading is one of the most difficult and stressful ways to make income.

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