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Topic: why many traders(including me) not getting success - page 13. (Read 2228 times)

jr. member
Activity: 164
Merit: 2
The problem with the current generation is patience. Majority of the youngsters lack it big time, which is something that causes huge problem. So, the first reason is we want to succeed almost instantly, and when it’s not happening there is almost fear of failure.

So, we should give things time and try to build a plan and ensure to stick to it aside from certain changes inbetween. I suggest using these Trading Tools, it should really help a lot with doing things.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
Even while have enough knowledge about how to do crypto trading you can make mistakes when you don't have experience so you need to keep practicing and keep learning from your mistakes to be more successful.Now the market is not greenish so it is not for the time to make profits for every trader so don't go for trading until you see the market in healthy condition.
If you are an experience trader you will understand that there some indicators that can predict the downward market and if you understand all those indicators you will know that in both upwards and downwards trend you should be able to make profits.  There is no healthy market conditions we only have healthy analysis.
So if someone knows how to analyse all the indicators are going to make 100% success rate while trading? No right! Roll Eyes

All the indicators were just a tool to predict the prices not to determine what is going to happen exactly that is why we call trading is highly risky.
legendary
Activity: 3052
Merit: 1273
https://vantagepointtrading.com/why-most-traders-lose-money-and-why-the-market-requires-it/

This is the best article I've read and would like to share with you as it covered almost all types of market conditions and types.

I believe traders lose mostly due to fomo and getting into a coin without research. Each news and even a rumor has its limited effect and traders need to understand this that without understanding the probability of a winning : losing ratio of a trade, putting your money in it is just pure gamble. When your capital dies under the dark shadows of unusual trading, then dies the interest and then trader takes wrong decisions thinking that he is contesting against himself, trying to chase profits without even knowing what possible outcome will there be of the trade the trader is going to commit.
full member
Activity: 658
Merit: 100
because we keep thinking about how to continue trading to make a profit. they continue to have targets for profit. so they are stuck with that target.
member
Activity: 504
Merit: 10
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   

For sure those will not get earned also in trading so they spreading that trading is not good at all. Sometimes they spreading fud and having such good experience to work in trading.
sr. member
Activity: 714
Merit: 250
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  
Not enough knowledge about cryptocurrency trading is also one of the reason why we are not successful. All of us want to make profit with trading but most of the people always enter in the world of trading without knowledge about it so in the end they will lose their money and funds. It's hard to avoid mistakes in trading or basically you can called lose money, when I first time do trading I lose a lot of money but I keep on learning and gaining more knowledge that's why I regain all my losses.
legendary
Activity: 1904
Merit: 1000
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 fear that assets will go down further is the reason why many traders tend to fail when they hold coins. Fear will also haunt someone to enter the market when there is an opportunity. Even though a person has good knowledge and experience, it cannot be a guarantee that he will become a strong trader who will be consistent with what he believes.
sr. member
Activity: 1456
Merit: 359
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   
Those number 1,2 and 3 are the reason why many traders are not winning in trading. There are traders who have lack of experiences that lead them to losses. Improving skill and getting more experiences are important in order to handle different risks.
sr. member
Activity: 882
Merit: 269
Even while have enough knowledge about how to do crypto trading you can make mistakes when you don't have experience so you need to keep practicing and keep learning from your mistakes to be more successful.Now the market is not greenish so it is not for the time to make profits for every trader so don't go for trading until you see the market in healthy condition.
If you are an experience trader you will understand that there some indicators that can predict the downward market and if you understand all those indicators you will know that in both upwards and downwards trend you should be able to make profits.  There is no healthy market conditions we only have healthy analysis.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
Even while have enough knowledge about how to do crypto trading you can make mistakes when you don't have experience so you need to keep practicing and keep learning from your mistakes to be more successful.Now the market is not greenish so it is not for the time to make profits for every trader so don't go for trading until you see the market in healthy condition.
hero member
Activity: 1834
Merit: 523
More traders for sure did not successful on this kind of earning in cryptowrld. There is a lot of reaskn behind that we cannot give what is the exact number of trader who are not successful but if im going to estimate it maybe they have hundreds thousands around the world who are not lucky in the trading and millions of traders are lucky and getting earning money.
member
Activity: 658
Merit: 10
I am also not a successful trader, I often fail and sometimes I'm frustrated, but I always cheers myself i can move on, but becoming successful trader we need experience and study the market and always keep learning,we need sharing with some masters to take their knowledge
sr. member
Activity: 840
Merit: 252
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   
Even expert traders do not always win but just high probability or rate of winning the trade they make. Don't expect too much when you are trading especially when you are just a newbie. Newbie traders are impulsive. Most of them want overnight success in the trades they are into. Patience is one key and realistic return in your trades. Most newbies wants more than 20% in one trade overnight but it didn't happen. Why not create trade with 5 to 10% realistic goal so when it hit you can just again place for another 5% until you reach your goal of getting 100%. But don't expect it to happen in a very short time. You have to learn to read basic chart too to analyse if you are trading at the lower price or not.
sr. member
Activity: 854
Merit: 250
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   
Profit and loss in trading is a natural thing and must have been experienced by all traders, but to minimize it we need the right analysis before making a decision and one of the most important things for me in trading is experience.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
the reason why you didn't succeed is that you might be too greedy to take a position, I as a trader and even everyone has the same thing also failed but they made it an experience that can be learned
Yes, greedy is the collapser of party when we are about to close a trade. If a trader is not sticking with his initial target levels and also not keeping the trailing stop loss then may get stuck within market fluctuations even they got into markets at right times. This type of scenarios are most common in sideways markets. Right now, I guess all cryptocurrencies are range bounded and if we do not stick within trading calls for both entering and exiting a trade then we may miss out good opportunities of making easy profits.

my advice is trying to trade with small capital and knowing how to trade in the crypto world, do not rush to think profits try to prioritize understanding the market first
Learning in real markets with small capital must be a good suggestion but I do see new traders are not having enough patience to follow these things as they want to be millionaire over night but in reality they do end up biting dust. It seems everyone do learn from their mistakes regardless of what ever we do suggest them.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
the reason why you didn't succeed is that you might be too greedy to take a position, I as a trader and even everyone has the same thing also failed but they made it an experience that can be learned, my advice is trying to trade with small capital and knowing how to trade in the crypto world, do not rush to think profits try to prioritize understanding the market first
hero member
Activity: 3052
Merit: 651
I am a manual trader and that means I need to monitor the price of my token and coins often.

Mostly it is my patience which is my problem. But when I see profit I do make decisions so fast. I think that is one good thing about me.
Another is choices. Once I get so lazy to read about the coin then it will be a problem and it does happen a lot too.
Trading a coin which turns into dust in just a couple of days.

You know the good thing about it?
We learn from it. I say that is when experience comes in.
legendary
Activity: 1442
Merit: 1025
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
You are sounding like a gambler not a real trader. Only gamblers will keep trying and then will lose all their bankroll at the end of the day whereas traders will book profits once and will close for the day unless otherwise their analysis indicates another trade opportunity.

I guess you must start learning from our own mistakes. Just keep trading but with the very small capital and focus with conscious to find out that where you are slipping down. I mean to say just trade with very least capital but rather than looking for booking profit just focus on what you actually need to fix in your trading behaviors so that you can groom as a real professional trader.

Learning alone will not help anyone to become a trader and even they become trader, just learning from books will not help them to find success in trading. You must dedicate more time to practice to gain the real market experience and while you are trading in your beginning days, you must risk only small capital and must focus on learning from your own mistake that is the key for success here.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Did you actually do your research and actually try studying how to trade before going in? Because if not, I really suggest that you do so. Also, don't stop studying, even though you already went in into doing actual trades yourself. If you haven't been trading for some time yet, losses are really to be expected. If trading was that easy that you can constantly earn profit early on, then everyone would be doing it.

Also take note that mostly(not 100% of the time) with trading, especially daytrading, with every winning trade, there will be someone who loses.
full member
Activity: 588
Merit: 100
First we have to understanding of price action and the trend of crypto market, if the trend bullish like in 2017 just follow it with buy good coin and after target profit achived out from the market, and if the trend bearish we have to trade on margin trading so we can short the price. Beside understanding the trend , we should be have risk management to minimize risk from wrong prediction.
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