Why did 95% of traders fail and lose money?

Suslived

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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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Where did they get those statistics? Even in bitcoin/cryptocurrencies I don't think 95% of traders fail, and that depends on your definition of fail, because that seems to be too high of a number. I believe traders "fail" because the market is a zero-sum game. There will always be winners and losers so it depends on the trader to decide his destiny.

Once people are more financially educated and more people start trading crypto, it will really be interesting to see more statistics.

Boov

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Quote from: zeze18 on November 01, 2019, 09:13:55 AM

I think they want to become rich just by trading.
I'm sure the expert traders right now has lost a lot of money in the past, becoming a trader for living needed a lot of experience and also lot of capital money. So, the expert traders might be lost much of their money when they started trade and they must be have an income first before they become a trader. Become a trade with almost zero capital and hoping to get rich by doing it is hard except he is very lucky.

Yes possible, newly trader thinks that when they trade they will becom rich in an instant. They didnt know that in trading there is possibility that you will lose more than of your investment, they always put their money without thinking that if it is the right time to buy that, then dump happen, they loses money because of that.

crisanto01

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Quote from: Inkdatar on November 01, 2019, 10:06:10 AM

Quote from: zeze18 on November 01, 2019, 09:13:55 AM

I think they want to become rich just by trading.
I'm sure the expert traders right now has lost a lot of money in the past, becoming a trader for living needed a lot of experience and also lot of capital money. So, the expert traders might be lost much of their money when they started trade and they must be have an income first before they become a trader. Become a trade with almost zero capital and hoping to get rich by doing it is hard except he is very lucky.

This is the thinking of others to get rich when doing trading. All of us experience loses even experts do during trading that is why we should learn and analyze what we are doing to come up with winnings. We experience failure and lose money hence, patience and not be greedy could help us to minimize loses.

Well, that's our main reason why we should do trading, our purpose in not that to earn but to become rich, what's wrong is that people are expecting too much, they think that they can earn thousands of $$ in just short period of time,they are not thinking that it is not that easy and will take them years to become expert in trading.

Inkdatar

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Quote from: zeze18 on November 01, 2019, 09:13:55 AM

I think they want to become rich just by trading.
I'm sure the expert traders right now has lost a lot of money in the past, becoming a trader for living needed a lot of experience and also lot of capital money. So, the expert traders might be lost much of their money when they started trade and they must be have an income first before they become a trader. Become a trade with almost zero capital and hoping to get rich by doing it is hard except he is very lucky.

This is the thinking of others to get rich when doing trading. All of us experience loses even experts do during trading that is why we should learn and analyze what we are doing to come up with winnings. We experience failure and lose money hence, patience and not be greedy could help us to minimize loses.

zeze18

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I think they want to become rich just by trading.
I'm sure the expert traders right now has lost a lot of money in the past, becoming a trader for living needed a lot of experience and also lot of capital money. So, the expert traders might be lost much of their money when they started trade and they must be have an income first before they become a trader. Become a trade with almost zero capital and hoping to get rich by doing it is hard except he is very lucky.

Colt81

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

I think it is pretty normal for a trader to fail and to lose money, that is why most traders experienced difficulties in trading that some of them give up from doing trading. Honestly, i am not a professional trader and i always experienced losses too, but for you to be a successful trader you should make a strategy and learn to control your emotions to have patience for you to minimize your losses.

DarkDays

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Here's a simpler explanation.

The market is controlled by those dealing with significant volume. Little guys, and inexperienced traders often don't understand the thought processes of those dealing with tens of millions.

Because of this, the fish will make moves that play into the hands of the big guns, unaware that they are fueling their own failure.

That, and the VAST majority of cryptocurrency traders have absolutely no trading experience and just dive in willy nilly, some of these trade on leverage and get rekt instantly, while others get slowly grinded out through successive losses.

Simple trick to not lose money: Don't f***ing trade if you have no idea what you are doing.

perla

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Altcoin market condition sometime force trader to change their methods, in past, market really full with high volume coin. Pump and dump very fast to happen and it is chance for day trader to make profit with it. For now market volume not much and it is expanded because of new tokens and new exchanger. In past, there are only few big exchanges that be central to people do trading.

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Quote from: janggernaut on October 31, 2019, 06:39:51 PM

Quote from: rodel caling on October 31, 2019, 06:04:28 PM

This a good advise and traders know that strategy and ideas to avoid loses in trading, but I am curious to op where he got the statistic survey that 95 percent of trader are failed to get earn profits, meaning only 5 percent of the trader can get earn.

On here you can even see if they said only 1% who profited from trading (they keep on trading and don't quit).
https://www.tradeciety.com/24-statistics-why-most-traders-lose-money/

95% people lose in trading is only rough assumption since there is no any proofs or data can say like that, but it's not false either since i've only seen few people who really earn big profit through trading.

Interestingly enough I read the article,The data that I saw in the article was quite interesting. not everyone will lose and profit. a trader himself must have experienced a loss but if the trader on average they experience large losses every day there is certainly something wrong with their method

palle11

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

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

I believe this is because they have seen it all. Seen the falls many times and have risen many times too, have tried not to make their mistakes again. They have swam the bad waters of volatility, managed it and moved on because of the zeal and passion they have for the business.
This is a clarion call for early quitters. That is as the saying goes, hard times requires patient people.

ableh

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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.-
3.-
4.-
5.-
6.-

Point number one is the results of survey or just your own assumptions? Logically, if 80% of daily traders give up in the first two years, i am sure most of the altcoin would be to zero value. But in fact, there are still many altcoins who continues to growth until now, although there are altcoins that lose a lot of value, but not until zero (dead). On the other hand, when viewed in terms of daily volume, there seems to be no significant decline from the previous year. So, please stopped making fud.

BigBos

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Quote from: k@suy on October 31, 2019, 01:02:07 PM

Thats the problem wrong choice of coin to invest with is the main problem also putting all your money in trading even though you are not well trained as trader, and sometimes when they trade for a long term sometimes they didnt check if the coins goes pump or dump, they doesnt even check for updates, it is the main fault of a trader .

not only that, actualy some people have chosen popular recommended coins, but trading is not that easy. conditions also determine whether you buy, or have the coins on time or not. many people complain about this, even some people complain because of bitcoin, or popular coins that they hold dump in a few hours. because of that people's insist to find the right information before starting trading.

nydiacaskey01

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I am not an expert trader and I myself lose money in trading and one reason why I lose money is when we follow our instinct instead of coming up with a reason why I will Hold, Sell or Buy. Results could have been different if we only follow or use TA instead of personal feeling or even FOMO.

Another reason why we fail in trading is not coming up with a plan. No plans means you are planning to fail. Plan when you place a Buy or Sell order and stick to the plan. If you say you will Sell at $9,200 then place a Sell order and move on. Sometimes thats the reason why we fall on a trap holding an expensive coin because we did not let go when it reached your target.

janggernaut

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Quote from: rodel caling on October 31, 2019, 06:04:28 PM

This a good advise and traders know that strategy and ideas to avoid loses in trading, but I am curious to op where he got the statistic survey that 95 percent of trader are failed to get earn profits, meaning only 5 percent of the trader can get earn.

On here you can even see if they said only 1% who profited from trading (they keep on trading and don't quit).
https://www.tradeciety.com/24-statistics-why-most-traders-lose-money/

95% people lose in trading is only rough assumption since there is no any proofs or data can say like that, but it's not false either since i've only seen few people who really earn big profit through trading.

rodel caling

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Quote from: Tipstar on October 31, 2019, 12:53:10 AM

For me, I decide too soon. Patience is the key to success. The best way is to not to sell your coin (in case of top coins) for a loss. USD is a great tool if you are trying to make good profit. Sell on Spike and buy more when down. Don't panic if the market seem to be going differently than you want.

This a good advise and traders know that strategy and ideas to avoid loses in trading, but I am curious to op where he got the statistic survey that 95 percent of trader are failed to get earn profits, meaning only 5 percent of the trader can get earn.

Quote from: xiboothrezi on October 31, 2019, 05:14:34 PM

Surprisingly enough, where did you get this percentage, is there accurate data?
Well, being a trader is not an easy thing to learn and just instantaneously. It takes a process and experience that is qualified to be able to adapt in the trade ecosystem with a fairly high movement. Can not just rely on luck, feelings, let alone just fomo, went along with the trend, you will end up in vain if you do not have a strong foundation.

That what I want to say to the op, we know trading is a risky job but I don't believe 95 percent of the trader are getting failed to get earn profits I ask op to post the data where he get that information for the supproting for their thread.

xiboothrezi

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Surprisingly enough, where did you get this percentage, is there accurate data?
Well, being a trader is not an easy thing to learn and just instantaneously. It takes a process and experience that is qualified to be able to adapt in the trade ecosystem with a fairly high movement. Can not just rely on luck, feelings, let alone just fomo, went along with the trend, you will end up in vain if you do not have a strong foundation.

Quote from: Kambal2000 on October 31, 2019, 12:58:41 AM

Day trading does not guarantee that they will earn everyday, even experts in trading is also losing some money, but what's good thing about crypto trading is that they can maximize their money and trade in different coins so if one token is not good, the other coins might be good so it is compensating the loss.

Thats true. Especially in a market that is saturated. It is very difficult to find opportunities, instead, it is often trapped. That's why patience, consistency, and mentality are so tested here.

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Quote from: BonfireBob on October 31, 2019, 12:00:45 PM

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?

mostly yes, and when its done , of course they will go, since they have no knowledge about the market.

--

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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1. i guess is that too much , 80% quit on 2 years, dont say u do a survey from 2017 to 2019 ,
2. totaly dissagree , i've joined several telegram group, i mean exchange group , there still a lot do day traders.

k@suy

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Quote from: BigBos on October 31, 2019, 12:06:06 PM

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.

Thats the problem wrong choice of coin to invest with is the main problem also putting all your money in trading even though you are not well trained as trader, and sometimes when they trade for a long term sometimes they didnt check if the coins goes pump or dump, they doesnt even check for updates, it is the main fault of a trader .

Darooghe

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Because they are not HODLers, but greedy. You don't lose money if the prices fall. Note that you always COULD, theoretically, make more money by trading all the time, selling high, buying low, and so on. But what's theoretically possible isn't always realistically possible. the cryptocurrency market is so volatile that anyone can handle it, and stops following emotions when trading. If you have the right approach you won't even lose money EVEN when a company goes bankrupt. It's all about patience. invest in the right coins and just wait. Don't check every day on you coins and just let the market do it's thing. Be patient if the market dips low. The market has a cycle, the only way you lose money is if you sell lower than you bought. never do that. it's simple.

ajiz138

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Many challenges must be passed to become a professional trader. One of them is to study technical analysis in detail. 80% of traders give up in the last 2 years, maybe because they get a lot of loss and without any improvement on themselves. It still must be consistent and want to learn again and take lessons from previous mistakes. I'm just an ordinary trader and also still learning to become a professional trader.

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.

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

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.

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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.

gabbie2010

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Quote from: ?? on ??

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;

~

Many of those 80% of day traders were truly newbies in trading and that was part of my mistake. I jumped immediately to day trading. I should've sticked to long-term trading so that I can grab the fundamentals of the market while I am earning at the same time.
Those 6% inside 13% of those who continued trading could've already panicked. I could see that back from 2017 to present.

PS. You can move this thread to Trading Discussion though since it isn't specifically for Bitcoin anyway.

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.

Aying

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Quote from: Whittiesense on October 31, 2019, 06:06:29 AM

Patience is very important in anything you venture into especially if it's a long term thing/goal/investment. Relating with colleagues who have shared similar facts, your statistics are correct. Most times, some rush into it for the profits and get heart broken. That's why we always preach "DYOR" before you start. As for me, i'm not ready to stay up all night to read charts or walk by the roadside pressing my phablet 😄. Doesn't mean I don't have things that keep me up at night though 😄

I required patience if we are going to long term trading. but the average we saw at OP most of them are impatient. with past years traders is losing its interest for gaining in crypto. because they see no change and progress is slow. maybe, because they're not researching. but in my view all this is going to change because everyone is already seeing the importance of crypto and how it can be addressed. many will return and are more likely to trade in crypto because their returns will be larger and less likely to be lost as they learn more.

Youghoor

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

First and foremost, how did you come out with these statistics of yours? Day traders that lose money or fail are the ones who don't spend time to first study the entire crypto market before engaging in the day trading activities. And most of these people are newbies in the trading ecosystem. Day trading is not as simple as people may think. If you don't have enough knowledge and understanding of the crypto market, you will just end up running a lose. But you need to provide us with the source of your analysis to help some of us here to further understand your assumptions and reasons.

daarul50

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Quote from: maydna on October 31, 2019, 01:31:12 AM

It is no need to wait for the first two years for traders who will give up with trading, but they will stop trading in the first month if they cannot make any profit. Trading will be difficult for people who don't want to learn some basics of trading, but they will have a chance to get the profit for the first time they trade. Day trading will be more difficult because you need to search the potential coin to buy and sell, and the coin should have a good movement at the market. So why did 95 of traders fails is because they cannot learn more about trading, they follow other people suggestion without analyzing by themselves, they cannot manage how much money they should use for trading.

one month quit is a coward move.

those who really want to get in the trading business will keep moving on no matter they hit by a consecutive losses, meanwhile you learn from that losses you need to read books more, that is the key besides the patience which everyone have but can not do it.
the failure root come from the impatience i must agree with this, in the real trading business psychology takes a key role to affects any decision you'll go for, those who think & analyze with a cold head will get the profit as a rewards.
and then the next step after you successfully go through the psychological matters , you need to maintain the trading profit steadily, you need to be disciplined , this is the biggest challenge that every trader faced and mostly failure to make it.

that is why any survey giving that percentage, as human nature is to being impatience & undisciplined all the time, a perfect match.

Edraket31

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Quote from: Whittiesense on October 31, 2019, 06:06:29 AM

Patience is very important in anything you venture into especially if it's a long term thing/goal/investment. Relating with colleagues who have shared similar facts, your statistics are correct. Most times, some rush into it for the profits and get heart broken. That's why we always preach "DYOR" before you start. As for me, i'm not ready to stay up all night to read charts or walk by the roadside pressing my phablet 😄. Doesn't mean I don't have things that keep me up at night though 😄

Patience is always needed but most of the time this is the hardest to do in trading, although it is good to do day trading or long term (whichever you prefer). So we need to control your emotion and learn to accept losses sometimes as not everyday is profit day for trading. Just don't let those losses give you up, make it an inspiration to learn more.

Whittiesense

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Patience is very important in anything you venture into especially if it's a long term thing/goal/investment. Relating with colleagues who have shared similar facts, your statistics are correct. Most times, some rush into it for the profits and get heart broken. That's why we always preach "DYOR" before you start. As for me, i'm not ready to stay up all night to read charts or walk by the roadside pressing my phablet 😄. Doesn't mean I don't have things that keep me up at night though 😄

adeandro

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Because they do not understand the basic principles of trading and do not understand how cryptocurrencies work.

Genemind

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To sum it up, most traders are impatient and we can't blame them for that. Some traders who are using their funds for trading are expecting a daily good gain for their necessities but the fact is, we can't rely everything in crypto trading. They give up because they couldn't deal with the changes and they are afraid that they might lose their funds. That's why it's important that we'll do research about the coin that we are investing so it wouldn't be hard for us to make the right decisions in the future.

Yaunfitda

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That's why the notion that crypto trading is easy and the way to get rich is very wrong idea, specially for those who wanted to try it the first time. We are no longer in 2017, wherein those statistics as posted by the OP is not that evident because of the bull run that we have.

And since the bearish trend, people started to realised that making money here is difficult, many quit, while majority are still learning the tricks and tips but still losing money as well. I do hope though that those who did lose money has somewhat learn from their mistakes so that they could increase their chance of succeeding if they chose to continue their trading journey.

Mike Mayor

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I don't know how anyone can really rely on trading as income. I see it as additional income and a reward for taking your time in choosing where to invest. I don't see constant trading as a good idea or a way to get income. It is rather when you finally sell some of the crypto you invested in because you chose a strong project that you believe in. I use a few avenues of revenue and see trading as a bonus and extra savings money or further investment money.

Pamadar

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Quote from: Wysi on October 31, 2019, 04:34:21 AM

Quote from: ?? on ??

I know that many traders lose because they do traders every day, but in my opinion, for crypto trading it can't be done every day it must be known in advance, up trend and down trend. when the uptrend market is where the trader enters the market to stay in profit.

Those who do daily trading and lose their money are the one who don't do proper market research and assumes that the market will remain same as they use same tactics everyday. Even I made similar mistake when I started trading because as a trader we need to understand buy and sell period as everyday cannot be both and there are days wherein we need to wait without any trade.

Correct. Doing proper research will guide you to anticipate what trading strategy to use with such type of market conditions is around the market. Volatile market is very unpredictable the chance to fail is always possible as risk for your money is always in your hands. Keep being prepared before you start dealing with this type of market, failure to work with your knowledge can ruined your stay inside crypto trading business.

senne

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

According to these stats, drop out rate is pretty high when it comes to traders. This is indeed true. But another angle to the story is that the majority of these 95% are retail traders which are usually small fishes in the tank. The sharks have enough capital and experience to influence the market and sometimes play against the trend which leaves retail traders rekt. This intensifies the negative sentiment in regards to trading among the traders. So, the people who have control over their emotions can only keep patience.

Doell

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95% is a lot I disagree with you almost all my friends and relatives are still trading including me and the average experience is only 3-5 years ,whether if the situation is outside other traders but I don't think they will stop in the middle of the road ,actually one year's experience is also enough to trade and must accept the consequences if one of altcoin he keep lose

Wysi

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Quote from: ?? on ??

I know that many traders lose because they do traders every day, but in my opinion, for crypto trading it can't be done every day it must be known in advance, up trend and down trend. when the uptrend market is where the trader enters the market to stay in profit.

Those who do daily trading and lose their money are the one who don't do proper market research and assumes that the market will remain same as they use same tactics everyday. Even I made similar mistake when I started trading because as a trader we need to understand buy and sell period as everyday cannot be both and there are days wherein we need to wait without any trade.

bering

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Your lists seems describe only experience traders and who can survive can able to get profit from trading but the rest of them are give up and quit trading but besides all of it sometimes market conditions will makes people failed to get profit especially if in the whole of year dominated by downtrend then to seeking an opportunities to get profit will became so difficult because market conditions not getting better

Kunnu

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First of all without proper knowledge and understanding about trading probably these things will happen and some kind of temptations like hype and false news plays a big role to stop trader's momentum to trade with patience and the second thing which could be a major reason is wrong choices of traders who always find shortcuts and take decisions with the help of analysis of those people who call themselves crypto expert or crypto analyst. Finally I would say that taking advises and believing in analysis is not a bad idea but we always give importance to our own mind and thinking first.

Shasha80

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Very simple answer from me why did 95% of traders fail and lose money because of greed. We have to admit that almost everyone feels it
always motivated trading must make a profit as often as possible. Yet in my opinion this paradigm of thinking is wrong. Only it will lead to
losses, especially for day traders sometimes they know that the market is bad do not force trading. But because greed wants to make a profit
every day, the end is forced to enter the market and lead to losses. This is what I call greedy, but for daily trading does not have to enter the
market every day, it can be 3 times a week or 4 times a week depending on conditions market. And it could also when we have gained enough
profit, we always feel less and at that time also forced trading again to increase profit. But as you might have guessed that there was even loss,
my advice if gained profit it's just stop trading.

ChrisPop

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Most people that get into trading view it as a get rich quick scheme so they have poor risk management and go in with minimal technical analysis. Some of them go through the boom & bust cycles until they realise it was a big waste of time and money and they give up. It requires a certain mental framework to be successful in trading which not many people can attain. It is possible to achieve consistency in trading no doubt about that, but a lot of resources must be invested ( time & money).

drumamat

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

I wonder where you got these statistics?How can I calculate the annual index of increase in the number of traders?In fact, a trader can be considered anyone who at least 1 time bought or sold cryptocurrency.I have no figures,but judging by how many exchanges have appeared recently, I can say with confidence that there are only more traders.

ballexplorer

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I also believe that daily trading is not for beginners.

There are too many professional traders who drive and manipulate the courses (dump or pump) to tap the stop-loss of the amateurs.
This method is available in stock trading and falls on fertile ground in Krypto Space.

kryptqnick

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Quote from: Kakmakr on October 31, 2019, 12:49:04 AM

It takes up a lot of your time and effort to day trade and it is definitely not for beginners. I think the stress gets to a lot of these traders in the long run and it is not enjoyable and fun anymore. Alt coin trading is a pure gamble, because a lot of these tokens or coins are based on speculation and it has no use case.

It will do well in the beginning and then it will just fade away over time. You are just lucky if you invested in a coin with some short-term gains. Tongue

To begin with, the 95% thing is very popular, but it's not clear whether it's backed up by strong research indicating that it is indeed the case. Surely, there are many people who lose money in this area, but is it really 95%? Moreover, it seems that this number is related to those who trade on Forex or something similar. Cryptocurrencies are not a part of it, and I bet trading them is very different. I agree, though, that trading altcoins is probably very difficult, especially nowadays. Although I doubt that lots of other things people trade actually have their use cases... Trading is very similar to gambling in skill-based games. It's still unclear whether it's more about luck (or, in other words, a successful person belonging to those who have a very low probability of existing but still exist, because there're lots of people altogether) or becoming a professional.

AniviaBtc

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Quote from: maydna on October 31, 2019, 01:31:12 AM

It is no need to wait for the first two years for traders who will give up with trading, but they will stop trading in the first month if they cannot make any profit. Trading will be difficult for people who don't want to learn some basics of trading, but they will have a chance to get the profit for the first time they trade. Day trading will be more difficult because you need to search the potential coin to buy and sell, and the coin should have a good movement at the market. So why did 95 of traders fails is because they cannot learn more about trading, they follow other people suggestion without analyzing by themselves, they cannot manage how much money they should use for trading.

I agree that trading is always difficult, there is no easy transactions. To overcome this problems, you need to have a lot of experience for you to become used to it or adapt it. Learn first the basics of trading and improve your good decision making on when is the right time to buy and sell a coin. You should become more complex when it comes to market strategies. Proper management can help you to have a high profit and successful trading.

Astvile

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My thoughts on traders losing money and failing in trading business are just simple, they don't love what they are doing and they don't do some research they just trade trade trade without proper information on hand. Weak hands traders, traders getting carried by greed and many more factors. Discipline is the trait most fail traders doesn't have.

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

Here are 6 of my reasons, what about your thoughts

Having this thread placed on the right board would really help instead of placing this on bitcoin discussion move it to trading discussion and many trade minded people will benefit from this.

Kyraishi

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

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

How does this contribute to a trader losing money? I actually thing this is good, if you've lost a lot of money in the first 2 years and you are stressed out, you might as well cut your losses then fall into a deeper trap/

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

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

What does this mean? Not sure I quite understand you here.

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

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

Once again, refer to my commment about point 1.

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

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

Of course - they have the experience, a lot of the people who come into crypto as newbies don't understand the markets or how things work and end up getting burned, this happens to traditional investors as well since they don't realise the market is super fast.

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

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

Was this entire post just to advertise your site... Angry

AGroose

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It’s all about emotions. Many do not comply with the rules of risk management and do not set the stop losses. Someone considers it a lottery and is thrilled. But trading is a job, and one of the hardest - on your character and feelings.

cutesgirl

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

Many trader only focus with the other recommendation without recheck by their self which one potential and best altcoin to invest or trade, they always want to heard other asking for trading with some altcoin. You can heard any one else for trading but after you got news or recommendation which one altcoin have to buy you keep check by your self to know is potential altcoin to buy or not before you make trade there.

error08

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Where this number 95% come from? 95% is one of the biggest myths spread around the trading market, no one knows the truth for certain.
There are many people get profits in trading but of course not as many people have failed in trading, sometimes you win and sometimes you lose.
Trading cryptocurrencies and trading bitcoin are differrent, as altcoins lose their value rapidly, bitcoin prices always increase over time.
I mean this

So, if you have patience and believe in bitcoin, you'll never lose. Even for people who have bought bitcoin at $20K at the end of 2017 could still gain profits if they hold and wait for bitcoin to reach a higher price. It's another case in daily trading, a higher risk than monthly trading, but many people don't have the patience to wait for a longer period.

Baby Dragon

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Quote from: MURONDI on October 31, 2019, 01:45:45 AM

because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

Indeed, its also speculative no doubt why many of us keeps on losing because we haven't change our mindset when it comes to trading. Some of you thinks that its an easy job where you can easily get profit which isn't, it true that it needs a lot of hard work. You have to understand every single thing to make sure that you will not end up regretting but you have to remind yourself that sometimes a mistake isn't bad it makes you smarter and wiser particularly on making the right decision for yourself . Having some knowledge is a powerful thing when it comes to trading and investing because there will be a time that you will have to face a struggles and if you have enough understanding then you can handle these things.

xvids

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

They are leaving because they couldn't continue to trade .
Those traders quit because they are losing their money instead of making profit.
Day trading is really hard specially for those who are new in trading they need experience and a good knowledge in order to succed.

Eugenar

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Quote from: MURONDI on October 31, 2019, 01:45:45 AM

because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

Most of the time, the key to a good trade is to follow the profit, how could we do this? Basically, who we need to follow is the market itself, we should identify whales that buys and sells big amount, in this case, it is the factor that determines the market is the amount sold by these whales, and in the basic idea of fishes swimming beside the whales, we should understand this concept for us to somehow be safe from being trapped in the market.

MURONDI

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because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

Slow death

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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

I will talk about my experience, day trade is profitable, but it is profitable if the person has a lot of capital and knowledge ( I believe that the person do not need be an expert ), with basic knowledge will make money in this market... however, if there is something that I learned on my journey that the person should never be greedy and when makes a profit or a loss, the person should not trade again that day, what the person should do is relax somewhere else and trade again the next day, to avoid trade with emotions.

maydna

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It is no need to wait for the first two years for traders who will give up with trading, but they will stop trading in the first month if they cannot make any profit. Trading will be difficult for people who don't want to learn some basics of trading, but they will have a chance to get the profit for the first time they trade. Day trading will be more difficult because you need to search the potential coin to buy and sell, and the coin should have a good movement at the market. So why did 95 of traders fails is because they cannot learn more about trading, they follow other people suggestion without analyzing by themselves, they cannot manage how much money they should use for trading.

Ferris419

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A day trade is not everyone's job. Only expert day traders can afford it, otherwise, this is not for newbies. A newbie may earn a good profit for day one or two, but day by day they start understanding how hard it is to maintain everything in trade. If you want to make profits from trading then you need to active in online, you have to follow every news on crypto, which is not possible for everyone, that's why people fail here!

Kambal2000

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Day trading does not guarantee that they will earn everyday, even experts in trading is also losing some money, but what's good thing about crypto trading is that they can maximize their money and trade in different coins so if one token is not good, the other coins might be good so it is compensating the loss.

Tipstar

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For me, I decide too soon. Patience is the key to success. The best way is to not to sell your coin (in case of top coins) for a loss. USD is a great tool if you are trying to make good profit. Sell on Spike and buy more when down. Don't panic if the market seem to be going differently than you want.

Kakmakr

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It takes up a lot of your time and effort to day trade and it is definitely not for beginners. I think the stress gets to a lot of these traders in the long run and it is not enjoyable and fun anymore. Alt coin trading is a pure gamble, because a lot of these tokens or coins are based on speculation and it has no use case.

It will do well in the beginning and then it will just fade away over time. You are just lucky if you invested in a coin with some short-term gains. Tongue

Tylev

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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.

jane mario

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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.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

Topic: Why did 95% of traders fail and lose money? (Read 614 times)