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Topic: why many traders(including me) not getting success - page 4. (Read 2228 times)

full member
Activity: 1218
Merit: 112
In my opinion, we have been lacking patience, that's why many traders have been constantly losing. I don't understand why trading wouldn't be profitable if we go for long term holding.
hero member
Activity: 1078
Merit: 501
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 me, the number 1 reason why we don't get success in trading is because of lack of education and knowledge about it. We must learn the basic first before entering trading, sometimes practice is not enough if you don't have enough knowledge and education about it. We must understand the financial market and knows the right time to buy and sell.
hero member
Activity: 2002
Merit: 535
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   
1) Understanding the entire financial market situation is more important and with that you will have experience and the most important part is selecting the platform you are trading, whether it has a stop loss function, the more features it has, the more convenient for you to have a complete control on what you do.
2) You must have a target and that reduces these panic situations on missing out, always remember to trade according to the market sentiments, only after gaining much experience try short term trading, if not always choose the long road.
3) If you have patience you will not have the fear of missing out.
4) Never listen to FUD news, you know what your targets are, just stick on to that and you will never end up in a loss and never sell anything at a loss and make sure you invest only in solid projects which has a good track record.
hero member
Activity: 1064
Merit: 500
Because market price situations were not in our side eventually many traders has been failed throughout 2018 and most of us cannot avoid loss because the price of major cryptocurrency were dropped and it's not easy to get profit from downtrend situations and if you consider these loss as your valuable experience maybe in the future your trading results will much better than the previous one

A good trader can make money in any market, doesn't matter if its a bear or bull.  The volatility the crypto markets provide is a dream compared to most traders when its compared to the stock market.  I find it very difficult for myself to take short positions though because I know the long term potential of crypto is very high.

Everything that you wrote here is correct. However, I do not think that many traders that use this Forum are experienced enough to make a profit when bears rule the market. Thus, they fail.
copper member
Activity: 840
Merit: 114
because trading is a patience thing... if we don't have the patience and sell the coins when the price goes down that's why lot of us lose with trading, but what i have learned is that criptos always bump, that's a fact, so lets be patience and lets wait to see profit before sell them.
i don't thing so. the key is candle stick when you know where candle stick go , you can be the winner as trader. patience are good for long term trader only, not for short or one day trader.
legendary
Activity: 3346
Merit: 3125
beacause trading is a patience thing... if we don't have the patience and sell the coins when the price goes down that's why lot of us lose with trading, but what i have learned is that criptos always bump, that's a fact, so lets be patience and lets wait to see profit before sell them.
sr. member
Activity: 756
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
The most important tool you need to succeed in trading is the right knowledge,  right news, greed control and patience.  Once you have these tools at your disposal it will be very easy for you to maximise profit while trading crypto coin
hero member
Activity: 994
Merit: 502
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 main reason for this is that we are all human. And most people tend to do the same. Therefore, there is such a science as psychology. Psychology explains well why most people do the same in similar situations. We are all subject to certain emotions that prevent us from becoming successful. For example, fear, greed, impatience (what you are talking about). Many emotions come from our limbic system. That is, these are basic emotions that arise when a person is in a certain situation. But in addition to the limbic system, modern people have the cerebral cortex, so we can try to control all emotions. And when a person learns self-control, it will bring him to a new level in trading. Just don't need to think like the majority. Always try to think like a whale!
hero member
Activity: 1204
Merit: 505
Most of you are fond of putting all your hopes on Bitcoin trading and you never consider other options there is. Crypto trading is not the only way you can make money. Since there market is in bear, a lot of traders are going to find it difficult in doing a short term trade. So it’s best to go for a long term trade and have patience, then you can go for other things that can be making you money till crypto market gets back to normal.

Lot of traders starting to trade even they don't have enough experience to start from it. So its better to explore about trading and learn lessons before starting to make money from it.
Yes, there are people who don’t have any experience but they just want to trade and make money, but it doesn’t work and they are always losing money. Trading is not meant for everyone, there are other ways too. If you are still insisting you’re going to be a trader then you should take your time and learn it, instead of trying to trade when you don’t know from A to Z.
sr. member
Activity: 1484
Merit: 276
Having a negative mindset will make you lose a ton of money to be real,if you are afraid to lose money while trading then dont trade its not for you.Trading still comes with a huge risk of losing all your money if you going all in.So better to improve your mindset before going and make sure you really want to do it and you can take losses without you destroying your self
hero member
Activity: 2184
Merit: 531
Because market price situations were not in our side eventually many traders has been failed throughout 2018 and most of us cannot avoid loss because the price of major cryptocurrency were dropped and it's not easy to get profit from downtrend situations and if you consider these loss as your valuable experience maybe in the future your trading results will much better than the previous one

A good trader can make money in any market, doesn't matter if its a bear or bull.  The volatility the crypto markets provide is a dream compared to most traders when its compared to the stock market.  I find it very difficult for myself to take short positions though because I know the long term potential of crypto is very high.

If you trade the traditional way without leverage and future contracts it's much harder to make money in the bear market. You have to wait for a big dip and buy there just to sell at the bounce and wait for another dip. If you miscalculate and it keeps falling you exit fast and try to enter again lower. The volatility is good but the unpredictability is also much higher. You saw what tether FUD did to the prices for a while.
legendary
Activity: 2674
Merit: 1048
Because in trading, there are more losers than winners. Most of them are newbies that very reckless in buying their coins and only believe to a random guy that had convincing statements or rather tweets with supported technical analysis or some proof of his previous profits. And we know there are like 60%-80% of new traders do that for a few years before they really learn.
I am sure the most important factor in dealing with trading is the desire to win so that logic is ignored, prioritizing wanting to win quickly and wanting to win big.
Because prices change rapidly while the decision to sell or buy must be right, there is no choice but to be patient with emotional stress that can turn defeat into luck.
Management risk and also management psychology are the most important thing which should be owned by trader beside the theory/strategy. Sometimes I used to see the character of trader on youtube (most of them are forex trader) and they tell that the most important thing when someone get a loss in trading are they don't have management risk and management psychology well when they trade.

Because the theory you can create with yourself if you I've known the basic of trading science but if you need a suggestion about management risk and management psychology you need other people to manage it and learn from your experience. So, in your case don't judge yourself that you don't have a good strategy but you need to look another side such as your psychology itself. Learn more about it and you can feel the change if you have known it.
legendary
Activity: 1372
Merit: 1008
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 that the reason is lack of patience and belief, when you learn how to analyse a project and get the decision to invest , you should always get the emotions out and keep tracking every single progress, and always dont fall love in projects (invest only what you can afford to lose)
Lack of patient can also be the cause. but I think there are many other reasons that make someone lose in trading. because failure in trade can be caused by various things, emotional feeling is also sometimes experienced by many traders. You have to know which one is lacking and fix it dude..
According to me lose and profit is all in our own hands, if we will be wise while investing and while selling I am sure there will be no lose but only profit, mostly lack of knowledge and lack of patience makes market down, which causes lose for all traders, being emotional is not good act so avoid it as much as you can.
Indeed, if you feel like a failure then therei is something wrong with you, you are responsible for the results in your trade,
so look at yourself what causes you to lose and not be successful in trading, are you lacking knowledge, skills or patience?
hero member
Activity: 1120
Merit: 554
Because market price situations were not in our side eventually many traders has been failed throughout 2018 and most of us cannot avoid loss because the price of major cryptocurrency were dropped and it's not easy to get profit from downtrend situations and if you consider these loss as your valuable experience maybe in the future your trading results will much better than the previous one

A good trader can make money in any market, doesn't matter if its a bear or bull.  The volatility the crypto markets provide is a dream compared to most traders when its compared to the stock market.  I find it very difficult for myself to take short positions though because I know the long term potential of crypto is very high.
jr. member
Activity: 172
Merit: 7
what I have noticed about myself is I get the right call 70% and make profit that can be anything from 1% to 100% but the other 30% kill me I cant control my losses well
sr. member
Activity: 812
Merit: 251
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 no. 1 reason problem was lack of knowledge, even you watch video many times and read books about in trading if you're not absorbing it, I guess it will useless at all in the end. Then, you supposed to have a dedication, determination and lastly Passion in it mate.
Perhaps, with this for sure your going to succeed this time. 
full member
Activity: 816
Merit: 133
As a personal experience, I see this:
1. Rush decision making
2. No idea what trading really is
3. Don't know how to conduct a research
4. Rely only on a untrusted sources
5. Doesn't know how to plan and organize
6. No Strategies
7. All in one investing (They focus only on a single player, and not distributing his/her investment properly)
8. Don't know how to stop
9. Don't have a record of there trades (common for beginners)

and etc.

Well there are still a lot but those above are most common mistake for new traders.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
Because market price situations were not in our side eventually many traders has been failed throughout 2018 and most of us cannot avoid loss because the price of major cryptocurrency were dropped and it's not easy to get profit from downtrend situations and if you consider these loss as your valuable experience maybe in the future your trading results will much better than the previous one
jr. member
Activity: 49
Merit: 1
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   

Reasons are many to fail on trade, the most important thing is when we look into crypto space people fail to recognize on targeting it to a long term rather short terms or intraday is what people expect to gain returns on! In such situations i prefer to have a type of syndicate and have a collective decisions for mutual profits!
member
Activity: 315
Merit: 12
Because in trading, there are more losers than winners. Most of them are newbies that very reckless in buying their coins and only believe to a random guy that had convincing statements or rather tweets with supported technical analysis or some proof of his previous profits. And we know there are like 60%-80% of new traders do that for a few years before they really learn.
I am sure the most important factor in dealing with trading is the desire to win so that logic is ignored, prioritizing wanting to win quickly and wanting to win big.
Because prices change rapidly while the decision to sell or buy must be right, there is no choice but to be patient with emotional stress that can turn defeat into luck.
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