why many traders(including me) not getting success - page 10.

ityandsyn

member

Activity: 490

Merit: 11

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Actually last quarter of 2018 is not really good for trader since cryptocurrencies are getting down and so many traders are losing by disposing their holding and even their new purchase tokens are also sold .

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

I was failed in crypto trading because of greedy. So this emotional is one of the factor that should be to avoid in trading. Beside greedy i was failed because did not have diversifiying and risk management. By keep learning from the pass, hopely i will be more better in trading activity.

Yamifoud

hero member

Activity: 2814

Merit: 518

Many trader were failed just because they don't love their job or not even listening to the others. We need others suggestions and advice just to guide us and for that, it will help us to succeed. Another reasons is that, lack of self confidence, capitalization limit, strategies and the last one is TRADING Plan. All of these things are the big factors that could affect our trading future.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Trading with emotions is exactly why the trading bot community grew so much in the recent years. Most of those trading bots do not execute trades that are beyond our understanding, hell almost all bots just do what indicators we tell it to do and buy when those indicators are looking right and sell when it looks good to sell, nothing extra ordinary.

The only reason why people use those is that they want to leave the emotions out the door and just make it as robotic as possible. Buying on bottom and selling on top is not as easy as it sounds so I always suggest if a price is looking like it has grown 100%+ in the past 1 or 2 months then do not buy that coin, only buy the dropping coins. Also the stop loss that helps you not lose money can be reverse engineered for a sell order and if you think losing 10% is dangerous and put a stop loss, I suggest putting a 10% to take out the profit as well.

PX-Z

hero member

Activity: 1554

Merit: 880

Top Crypto Casino

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Crypto trading really takes a lot of risk, specially to those persons who are lack of knowledge about cryptocurrency, and even those who already knows in trading. It's because of the high volatility of its price, specially in bitcoin, that could be so difficult to anyone to predict of its price if when it will rise or fall, which causes the losses of many traders.

mersal

member

Activity: 1204

Merit: 38

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

All the steps are being very important to be a good trader but not only the above points are important for a good trader but also the interest in your job is taking to you to the profitability but patience and practice will more important to be a good trader.

nelson4lov

hero member

Activity: 2184

Merit: 798

Top Crypto Casino

Quote from: hridoyb on February 04, 2019, 06:26:49 PM

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

There have many reason for loss on crypto trading and i was face also and still i am learning crypto from different site or article and this forum also.Our first mistake we cannot fix our sell order because of we always make a huge profit and when price going dump for 2 weeks sell our asset with loss .So first think your target profit and always get small profit and increase asset and i hope you will be success .

The problem isn't about setting sell orders. Most Crypto traders don't have proper risk management and strategies in place. All they do is to patronise signal channels and pump groups. Even after making mistakes, They don't take note of those mistakes in order to learn from it. Instead, They close downntheir account and give up. It's the same for every other trader that has given up already.

hridoyb

sr. member

Activity: 826

Merit: 250

Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

There have many reason for loss on crypto trading and i was face also and still i am learning crypto from different site or article and this forum also.Our first mistake we cannot fix our sell order because of we always make a huge profit and when price going dump for 2 weeks sell our asset with loss .So first think your target profit and always get small profit and increase asset and i hope you will be success .

GreatOrchid

legendary

Activity: 1092

Merit: 1001

Quote from: TalkStar on February 04, 2019, 06:14:17 AM

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Yeah exactly those reasons are affecting your trading success. But for a trader its really important to follow such things like,

1. Right time entry as a buyer.
2. Create own prediction when to buy or sell.
3. Gathering info about a project before buy.

The above 3 ways are a main key to success and yet there are a lot of things which should be kept into consideration while going for trading and have a good successful profits ahead. Right time to enter the markets is always a best point to be kept into consideration even after we gather enough info about the project we are buying.

seven2smoke1

full member

Activity: 532

Merit: 132

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Yes, i agree with you! Those are the main commun mistakes that made traders not getting success in theirs trades. I think the first step and patience are the most important Things when we talk about trading, also as you said fear of losing or missing Profits are also big mistakes for a trader. Successful traders believe in them trades and read carefully the market moves before doing any trade.

goldkingcoiner

legendary

Activity: 2128

Merit: 1884

Verified Bitcoin Hodler

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

I think the two biggest reasons are

FOMO (weak hands)

and

leveraged trading. Noobies go in at 50x and then go to sleep. And wake up wondering why their money is gone...

pundit

full member

Activity: 868

Merit: 104

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Fear and greed are the most dangerous enemies of any trader. If one can control both these factors he may have good success. Some people take trading as quick rich scheme and ultimately lose their account, taking high risk on any trade is not recommended at any stage. Patience is another key to success in trading.
There may be many successful traders using different trading strategy but you will find all these 3 factors common everywhere, controlling greed and fear and having patience. Just try it you will successful one day.

TalkStar

copper member

Activity: 1204

Merit: 737

✅ Need Campaign Manager? TG > @TalkStar675

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

Yeah exactly those reasons are affecting your trading success. But for a trader its really important to follow such things like,

1. Right time entry as a buyer.
2. Create own prediction when to buy or sell.
3. Gathering info about a project before buy.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: blueteam09 on February 03, 2019, 07:50:20 PM

I failed for my silly reasons:
1. Always choose Altcoin according to your emotions and not learn about it before.

Well, at least you're being honest and I think you're not the only one here. I'm also been trading with my emotions but I do learn to control it but not that perfect. Sometimes I still lose and not using logical thinking.

Quote from: blueteam09 on February 03, 2019, 07:50:20 PM

2. Still buy them when the market is growing, and this kills me.

You mean buying at top?

Quote from: blueteam09 on February 03, 2019, 07:50:20 PM

3. Too greedy when I had a profit made me fail.

Hahaha. Everyone falls for this trap. That's why you better have entry and exit strategy to minimize greediness. If you hit your exit plan then there's no way to stay that long in the market. Sell them and move to the next coins.

blueteam09

full member

Activity: 664

Merit: 100

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

I failed for my silly reasons:
1. Always choose Altcoin according to your emotions and not learn about it before.
2. Still buy them when the market is growing, and this kills me.
3. Too greedy when I had a profit made me fail.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

The above points are very good reasons why most of the traders will not be a good trader in his journey and most importantly without experience you cannot success you know your field and without patience you cannot stay long period of time in trading.

therhslv

sr. member

Activity: 1022

Merit: 264

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be? Huh

?? please comment

I don't trade myself , but i would say you doing something wrong . Try different methods . Maybe you are risking too much , try with less money and see how it goes . Once i did x50 margin long on BTC and got rekt after 5 mins , but if i would do x2-x10 margin i would be profitable currently

So check your risk management and look if it could help you

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: happy man on January 31, 2019, 06:55:53 PM

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason

It is no that easy to make money. If you invested in bitcoin in 2017 you could have made a hefty profit. Patience is the key here for any form if investment, never plan to invest when the market is riding high, invest when the bear market has the clutches. I would invest in this market and wait for the long term till the market rallies again.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: izanagi narukami on February 03, 2019, 02:01:22 PM

At least you remember that crypto is high risk investment so if you can't win from it just stop it.
There are many way to success.

Maybe you can't success on crypto but you can success on forex or ordinary trading ?
So always try something new !

It 's never been a good choice when you left the one that you loved the most.

Anyway, trading fails us don't just give up if you really love trading but remember you have to your all if you don't want to leave the trading industry. I've read some people that spent a lot of years just to master their strategy in the market that even without looking at the chart they already know when the market would go. And that is the result of hard working person all of his efforts and paying off in the end.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: ringgo96 on February 02, 2019, 08:05:15 AM

Quote from: septi.JR on February 02, 2019, 06:01:26 AM

trading is sometimes a loss and a profit, but the most important thing is to multiply the experience with various sources, I often read news on search sites or view reviews on videos and also join a group on social media.

Experience here is indeed very important to be able to get a knowledge. indeed the moment of loss inevitably must be experienced by all traders when they start

With time people learns because to have good profit you must have fine skills that you can gain only with experiencing something, the other thing a trader should know is to control your emotions and never take any step emotionally, rise and fall will come across your way so you make it an is and keep investing bravely.

Topic: why many traders(including me) not getting success - page 10. (Read 2206 times)