Topic: Why people mostly fail in trading - page 11. (Read 1542 times)

I watch in pity these days trading strategies and results from YouTube and others, they are just capturing the best moment which they can use to cajole people into believing their trading strategy or even use their system. Some could be free, while others could be paid, but in all, they are making sure that their online activities are active, it is the trader that will need to apply wisdom. But it is not all the strategies and approaches towards trading that are bad,  only that they may not not as good as they claim they are, but trading needs more than what they are teaching people, while many of the ways they are even teaching are not supposed to be so. Nonetheless, it is still a plus that they will eventually introduce the trader to something and that is fine, it is now left to the person to practice what they introduced whether or not they will work and to continue learning as trading needs much of learning and I do not think there is a stop to it, ever.

In addition, trading is a survival of the fittest and traders should know that they can't get it all done in a single day. It needs patience and the perseverance of the trader, and this must be worth it if the trader is learning continuously. That is the only way improvements can happen. I also urge all traders who are still searching for a trading strategy to be sure that they have good management and plans, they should not leave themselves to emotion, a good trading psychology will also help the strategy you know to work. It is not all about the strategy alone, the way the trader uses it matters too.

You have said very right things about trading, because trading does not always work as before or as it has happened before in the market. So every trader really has to strengthen his knowledge and resistance to risk when market conditions start to go the way he didn't want before, so looking at references from YouTube videos for trading matters also won't guarantee that a trader will immediately get better results. Because the video was deliberately uploaded to attract more attention from many people whose profession is traders.

yes, it should be done. using the money within limits they can afford to lose. so the allocation for trading is of course no need to force ourselves to put all our salary into trading. Even in the beginning, our chances of losing are quite large. So always start with caution. Don't expect too much or easy profits in trading.
and one more thing, never make trading your career. or a job for you to make money. what happens may be the opposite, we will spend money on trading.

Maybe the experience you describe did happen to me and several other traders. When I first started trading spots, it looked easy. but the hardest part is choosing assets. what happens is that we are interested in the top profit and top loss coins on the exchange. and only rely on feelings to determine assets. it's a hard start to get off the ground if there's no one to direct. Therefore, more people will run to platforms that can provide information and of course, ways and strategies for us to trade.

and for those who are beginners, trying a demo account is quite important. even though the results will not match reality when using a real account. We can try many things related to trading, as well as getting to know the exchange interface.

self-control will have a big impact on trading, a tempered spirit will not be suitable if you trade regularly, the impact is very big if self-control cannot be conditioned, for example when the coins/tokens we buy suddenly drop suddenly when opening an order, there we think about selling it immediately before the price falls further without understanding what caused the decline, usually it will recover and stabilize in 1-2 days

people are sometimes embarrassed to admit they are beginners. and they want to learn independently through videos or learning from other sources.
None of that will be a problem when traders get positive input for the development of their trading skills. Sometimes you also need to watch professional traders in determining trading positions. or even in selecting assets. that is the most basic thing that traders must master.

those who are unable to progress in their trading, ultimately decide to quit trading because it is difficult to learn. Some end up following trading channels so they follow the signals given. whether it works or not is the trader who can judge its effectiveness. I think when traders experience several mistakes and losses they will finally realize their own mistakes.

OP, you are right on this topic, what I want to add is that, as a newbie or someone new to the market  should only trade with the money that he can afford to lose, this will help him control his emotions. Not also knowing when to enter the market is also another one. A trader that do not understand the market should avoid trading so that he will not run at big loss. Trading is very risky due to the volatile nature of cryptocurrency, whoever wants to trade should start by practicing in order for him to get the experience,, and don't wait or depend on any trading signal because it is like you are gambling.

This is more clearest answer regarding on why many people fail on trading and they need to enhance or became more knowledge so they can manage all those things that needed to consider since if.

They are lack of knowledge for sure they cannot figure put what's best for them and certain bad things that need to avoid while doing some trades.

If they also do wrong market approach for sure it could lead into something that they would regret since losing their money is most likely to happen so they need to learn more further about doing technical analysis since this could really help them.

Still believing on those strategies even if this is ineffective to them. So they need to explore other more and what's perfect for them so they can grow or improve the way how they trade.

Last losing control of their emotion and this is common enemy of the trader so if they really want to trade they must prepared theirselves regarding on many possibilities so they can  strengthen up their emotions and they can deal on any condition happen in the market.

A wrong understanding of trading makes traders lose as they think that they can dictate the market and underestimate the volatility. There is pressure in trading which means not all can carry with it and give up. Many had failed and only a few became successful and whatever the reason could be.

 - lack of knowledge
 - wrong market approach
 - ineffective strategies
 - losing control of emotions

A lot of factors to consider and it all lies on the trader itself as they know what really happened to them. I can't call myself a successful one but I know that I can make my trade more profitable in the future --I'm still in the learning stage.

Of course, it is very important to be able to learn first if we are going to trade and it would be better if we consulted with those who already understand well about the trade we are going to do, because if we don't study it and also don't find out from them If we have a good understanding of the trading we are going to do, of course we will make the wrong decisions in trading which will result in losing the money we have.

Yes, when we are going to trade, of course we have to really have a good understanding of the trade we are going to do and we also have to be patient with every process we have to go through to be able to achieve success in the trading we do and also we have to use capital as much as possible. that we can afford so that we don't experience financial problems if we fail from the trade.

This is mostly those who does not know what the are entering ot they are being lured with wrong perceptions ,
they don't even know how this market works and does not have complete Idea of what they can gather or lose entering this market.
maybe people are too lazy in  understanding what lies in the other side but they only care is how much they are gathering when they invested.

And that is why you have to control yourself as well because if you don't, then you are going to learn it the hard way.

If you like losing money, you will definitely see it if you are careless and emotional type of trader.

Those that listens to advise of other about being careful and taking care of their emotions might skip the suffering of huge losses.

But those who don't then you know it already.

All this are valid points and it doesn’t make one become a better trader if this are the steps that the people want to leverage on to become a good trader. Trading is not easy and it is better for all to stop viewing it as that. The worst type of feeling people get mostly about this is how they think it can make them rich overnight. It is like a craft that needs to be practiced and mastered before you can earn greatly from it. If you’re trying to by-pass and skip the necessary skill you need to have about it, you’re even at a more risk of losing all your money you’ll put into it. Due to the high risk involved in crypto trading, it is advisable not to trade if you don’t have sufficient knowledge about it.

In trading, as we trade in other to make profits, we also run into losses because when we incur some losses it also gives us an edge on how to trade next time in other not to run into consequential losses in the future so it really isn't necessary for one to consult an expert because there are times when the market might change it's dimension thereby making it complex for traders to understand the activities of the market so sometimes, it's good to make some thorough researches and monitor the activities of the market perfectly before one can start trading. If the right concepts are being applied in trading even if one loses, it isn't gonna be that much as compared to when one has little or no understanding about the market settings.

All the words you have made regarding trading are very useful for a new trader. A novice trader always makes mistakes in the words you refer to. Trading platform and a platform where you trade on emotion means losing. A trading platform is a platform where excessive greed means you will suffer. So every trader should remember that one cannot be overly greedy while trading and one cannot trade with emotion while trading. If a trader can follow these things carefully then he can survive on the trading platform. One thing to remember is that trading platforms are never a get-rich-quick scheme.

there is one thing about trading the thing is that if you want to be a successful Trader you must take absolutely precaution of observation during the process of trading so that whatever you thing that you notice as a barrier in trading you will put or take note of them in case of when you come across us or challenge, why some people does not take such instructions or such errors as something by might occur again India next trading, so trading is all about adequate learning and seriousness that is only way that you can make out good thing during the process of trading


The mindset of everyone who is in Trading is to make a profit and for you to make a profit you must to learn and understand the protocols of trading that is why trading need more commitment more attention and if you think that the threading will make you Rich without you knowing the beginning of trading you will end up in losing whatever thing you have gathered to establish trading, so trading can make you Rich when you have the comprehensive understanding of trading and you are a consistent person who trade every time

One very important problem for some traders, which I would love to talk about, is greed. I have mentioned it before, and based on the experience I've had lately, I still think it's very necessary to learn how to control one's greed.

It's better to have at least a little profit than to be at a total loss. There are some traders who can enter a position, and after they do, the market will go in their direction, and they will see their profit grow until they have made so much profit, but because they wish to gain more profit, they will not close the trade, and if by chance the market becomes volatile, going against their prediction, they will be at a loss. So, I feel it is very wise for a trader to be determined as to what level of profit they are expecting and can actually set the stop loss and take profit.

If they don't decide a price to stop the trade and take profit, there is a chance that they can get greedy and might want to wait a little longer before closing the trade, and in the process of doing so, they can experience loss because of market volatility.

Trading is hard and complicated, that makes it hard to succeed for beginner traders as they don't have the experience needed to win a trade. While trading is for everyone, but not everyone is able to manage and overcome its risks. That's why it's not surprising why majority fail but only few have succeeded. Without valid experience in trading, you can never make it last but will only enjoy first wins and then suddenly lose the rest of the trades.

Many misinterpret trading and they thought on making profit instantly without doing any analysis, well I can say that losing is part of your trading journey and you will only realize this once you already experience the losses. If you are a trader, you should start from the bottom and start learning the fundamentals of trading because if you skip this part, you are bound to failed an that is your choice to make.

Majority of the traders lose because they don't have proper knowledge in trading and most likely because of emotional decision making. When you trade with emotions, your focus on your trade won't be 100% as your emotions will distract your concentration on the goal of your trades. When that happens, you are not trading anymore to achieve your trading goals, but you do trading just to satisfy the hunger of your emotions.

Emotions become your best enemy in trading, hence trading with high emotions is always discouraged.

There is no psychological reason why many fail in trading. It's that it's hard to be against the market no matter how good you are, that's why "most" do fail because this market is highly volatile and you can't easily go against them because you just don't know what can happen. Even the greatest traders still have their losing days but they've learned and much better nowadays and no doubt can profit. But if you're just someone who randomly trades, you better change your way and be a holder.