Why people mostly fail in trading - page 11.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Baki202 on January 24, 2024, 03:43:01 AM

Quote from: DVlog on January 22, 2024, 06:44:36 PM

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

Greed should be controlled by all means especially when trading because if you use 30% and you make a good return, the next time comes lower than that 30% because it might be that when you use 100% you might just lose everything and it will look like a miracle. emotions make you weaker and might even drive you to make some irrelevance decision that might cost your entire assets trading is a mind game and if you do not play well when everything will be at risk. sometimes news and rumors are traps so if you follow things like that then it is trouble it is better to observe every situation well before making any move, do not just make a move out of emotional certainty. and if anyone should know how these things work then you don't have a problem with trading.

Human beings are naturally greedy and we cant really be able to deny from that, it is really just that there are people who are really that good when it comes to self control and there are ones who are really that good
when it comes to discipline on which they arent really that busting up themselves if ever they would really be that engaging with gambling which we know that expenses or spending is really that on severe manner.
If you are a type of person whose really that impulsive when it comes to emotion then most likely you would really be having this kind of failure.

When it comes to trading then it would really be just that depending on how well you would really be handling yourself on trading because if you wont really be making
out some adjustments then you would really be that definitely be not be able to succeed on this one. This is why it would be just that depending
on how well you would really be that handling into yourself into this market.

irhact

hero member

Activity: 616

Merit: 749

Quote from: bettercrypto on January 23, 2024, 08:54:08 AM

Maybe the main problem with something like that is that a trader lacks enough knowledge. And if a trader has enough knowledge, the problem for others is that they cannot control their emotions properly, which causes them to lose trading activity.

Many individual don't learn trading well before they start to trade, this is why they don't know how to trade very well and keep losing. If you learn trading well, you won't be having problems with trading as you'll know what to do when the market isn't going in your favour. Many traders are losing their trade as they're trading emotionally, they fall in love with the coins that they're trading and it becomes difficult to sell when they're in profits or even in losses, they'll keep holding the coin.

An individual that wants to become successful at trading, need to not have emotions for the coins that he's buying. He need to be willing to follow his trading plans so he doesn't change mind easily. He need to know when to sell and when to buy also he need to know what his trading budget is so he doesn't over trade as many individuals are over trading so they get tired which make them to start losing.

Baki202

full member

Activity: 490

Merit: 209

Quote from: DVlog on January 22, 2024, 06:44:36 PM

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

Greed should be controlled by all means especially when trading because if you use 30% and you make a good return, the next time comes lower than that 30% because it might be that when you use 100% you might just lose everything and it will look like a miracle. emotions make you weaker and might even drive you to make some irrelevance decision that might cost your entire assets trading is a mind game and if you do not play well when everything will be at risk. sometimes news and rumors are traps so if you follow things like that then it is trouble it is better to observe every situation well before making any move, do not just make a move out of emotional certainty. and if anyone should know how these things work then you don't have a problem with trading.

Nheer

hero member

Activity: 672

Merit: 546

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.

Their misconception is that individuals who are successful achieved it overnight because they have internalised the success stories of others. Though it takes much longer to become proficient, trading isn't difficult per se—it's just highly complex for beginners to grasp quickly. Gaining knowledge of the fundamentals is the only way to successfully navigate the trading world and turn a profit. Even the most knowledgeable and experienced traders will tell you not to trade when you lack sufficient knowledge since, even as experienced and knowledgeable as they are the profit is never guaranteed risk of loss is only minimized.

Quote

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

Your points are somewhat valid, but in my opinion i believe that knowledge encompasses everything else you've said. When someone takes the time to learn about trading, they gain discipline in learning how to regulate their emotions and manage risk, two skills that are necessary to master in order to succeed in trading. The most crucial thing a trader needs to do is acquire knowledge in order to fully comprehend it and be able to take calculated risks at all times.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine

The initial information that someone who has just started trading will greatly influence how he evaluates trading, if he gets information that trading is a way to get rich quickly then that are their mindset when they enter trading and will change when they jump in directly and realizes that trading is not way to get rich quickly but actually the true are the opposite because they are not involved in trading with good skills and knowledge.
Trading is not just about buying cheap and selling high but there are many things that must be anticipated and that can only be done with skill after learning a lot about the market, especially cryptocurrency.

FinePoine0

full member

Activity: 476

Merit: 141

Op Achieving trading success requires eliminating the first person, and having the ability to take risks. Usually newbies get greedy for money as soon as they start trading, and end up with huge losses by investing in wrong positions. All those people should find these tips that are really useful in real trading. Take risks and avoid greed, thus having peace of mind is the only way to reap the benefits of training.

Russlenat

hero member

Activity: 2716

Merit: 904

Simply, people fail in trading because they are not good enough. Even if we say they are knowledgeable, but if they also lack in their experience, they will still never work in trading. As much as knowledge should be given high importance, but it’s always skills and strategies, and good experience in the market should be given high emphasis.

Trading is not about who’s smarter or wiser, but it’s all about who’s skillful and experienced. Professional traders may not be smart and wise enough, but their varied experiences in the market make them professional and successful in their own ways.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Zoomic on January 23, 2024, 11:21:07 AM

...Trading is not different from other businesses that have the potential of giving you more profits or even a huge losses. ..

I cannot agree with you, since it is impossible to compare ordinary business with cryptocurrency trading, which is inherently very volatile. In a real business, you can reinsure your losses, but such loss insurance does not exist in the cryptocurrency market. And these are not the only differences...

Zoomic

sr. member

Activity: 630

Merit: 277

Quote from: bettercrypto on January 23, 2024, 08:54:08 AM

Maybe the main problem with something like that is that a trader lacks enough knowledge. And if a trader has enough knowledge, the problem for others is that they cannot control their emotions properly, which causes them to lose trading activity.

And the last thing, in my opinion, is greed, because there are other traders who, even though they see that they have profit, do not make it to exit to profit instead they continue not to sell because they think it will increase even no longer.

You know you can have all the knowledge you think is needed to trade effectively and still suffer losses? Trading is not different from other businesses that have the potential of giving you more profits or even a huge losses. These losses are not always caused by the trader's ignorance, greed or miscalculations. These are partly influenced by the market fluctuations, and lack of proper understanding of the fluctuations in the market is the major cause of setbacks for traders.

Being an expert trader or even a Saint does not mean you cannot suffer losses. I am not also saying knowledge is not useful as far as trading is concerned, definitely knowledge is needed to help you strategize and prevent losses. Trading is a very high risk investment, therefore constant practice is needed to scale through the market.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

Maybe the main problem with something like that is that a trader lacks enough knowledge. And if a trader has enough knowledge, the problem for others is that they cannot control their emotions properly, which causes them to lose trading activity.

And the last thing, in my opinion, is greed, because there are other traders who, even though they see that they have profit, do not make it to exit to profit instead they continue not to sell because they think it will increase even no longer.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: DVlog on January 22, 2024, 06:44:36 PM

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

As it was been use most of the time so better to ride along, buying the rumors gives you opportunity though there's always a risk behind but what is important is you fully understand the things that you research, buying while rumors are hyping and selling when the news already hot, timing is important and can bring you opportunity if you manage to make it the right way.

But in most cases, greeds always conquer each traders mindsets, thinking that this venue can quickly gives them decent earnings they will push their way even the chance is slim, they are drunk with lust to keep trying when they manage to earn the first time they place their investment, it's a matter of good understanding and knowledge about the venue of investment that you are involve and how you trust your
own DYOR when taking your shot investing with whatever project you decide to support.

Odohu

hero member

Activity: 602

Merit: 543

Quote from: blckhawk on January 20, 2024, 02:45:55 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

most mistakes of traders are;
* Having no proper training in the craft to attain knowledge about it.

* Having no experience traders that is good in the craft to guide them.

Not everyone has an access to this so in a way it's not really a mistake on the newbie trader side, some people just started trading and they just gained their own experience through continuous losses and gains and even if they try and find a school that does this exact thing, they're going to get nothing out of that because the market is volatile and they might not even use a lot of the stuff that they've learned in that school when the actual trading happens, mentors are expensive especially if you don't have a connection.

I agree with you Blackhawk because I see some equivocations in his submission even though the entire post is a great one. The first point is a little not clear, maybe the choice of words made it complicated because I don't under how "no proper training in the craft" differs from "attain knowledge". Furthermore, having knowledge is not just enough to succeed in trading as knowledge is just one aspect of it. There are other important things like emotions, personal dreams, challenges and targets that can all play key role in trade execution. Managing these is as important as acquiring technical and fundamental knowledge.

I used to advise people that trading is a long time investment that requires time and resources just like the formal education that is stratified to enable the individual be fully developed. Where traders start having problem is when they expect to become rich within few months of starting their trading career whereas they spent over half a decade in their conventional education yet still not living the life of their dreams. My parting word to young traders is always learn on the process, grow while doing it and give it time.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Out of mind on January 22, 2024, 09:34:30 PM

Most of the newbies accept trading as a get-rich-quick scheme, but it is never actually possible and it is a completely wrong decision. When a person thinks of trading, he only thinks positive thoughts to get rich, but before he thinks of such thoughts, he must also think of negative thoughts. Trading is a risky venture where there is no possibility of losing money. When you go to the market for trading, it is certain that you will suffer losses due to the volatility of the market. Anytime your money can go down due to market volatility, you should not get emotional but hold on patiently. But I think investment is more profitable than training because if you invest for a long time it will get a good result in future, but this is not the case in trading.

That was their mindset until they had tried trading. It's easy to assume that executing a trade is easy, buy low sell high, easy right? But the truth is there are other things that traders are doing before they achieve a successful trades. Research, technical and fundamental analysis are things that traders are commonly doing because it is proven that it can increase the chance of winning a trade. Most newbies doesn't know this as they only think that trading cost not that much effort.

Depending on how you see it, investing might be easier than trading. Though it will cost you time before your investment make a profit.

God bless u

full member

Activity: 280

Merit: 110

Eloncoin.org - Mars, here we come!

Quote from: lombok on January 20, 2024, 06:48:55 AM

Practicing and gaining experience in trading is the most important thing in my opinion. Compared to watching YouTube, where in fact there are many influencers whose explanations and materials are not necessarily credible, it is better to increase your trading literacy and practice using demos. Many exchanges provide demo trading facilities. And do a real backtest once in the market with minimal funds so that experience and strategies are well formed.

In addition to that, if the person does more trading, he learns what he is, but the most important thing is luck, if the person has more luck then he can get profit.

Because sometimes you see that many who are professional traders that they also lose, the main reason is that some of them have bad luck. They invest, but when the market falls, then they will in loss.

Out of mind

sr. member

Activity: 672

Merit: 321

I like to treat everyone as a friend 🔹

Most of the newbies accept trading as a get-rich-quick scheme, but it is never actually possible and it is a completely wrong decision. When a person thinks of trading, he only thinks positive thoughts to get rich, but before he thinks of such thoughts, he must also think of negative thoughts. Trading is a risky venture where there is no possibility of losing money. When you go to the market for trading, it is certain that you will suffer losses due to the volatility of the market. Anytime your money can go down due to market volatility, you should not get emotional but hold on patiently. But I think investment is more profitable than training because if you invest for a long time it will get a good result in future, but this is not the case in trading.

DVlog

full member

Activity: 504

Merit: 212

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ShowOff on January 22, 2024, 03:25:15 PM

Quote from: aylabadia05 on January 22, 2024, 09:19:04 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

These mistakes often occur in people who are still beginners in trade. It could be because they have not been trading for a long time so the mistake of thinking that trading is a surefire way to become rich or a quick scheme of rich.

Do not have more knowledge because it does not attend training can still be done in other ways as long as he is willing to spend hours to read trading material on the internet and watch YouTube videos every day if choosing to follow the right training requires a large fee.

After reading and hearing the explanation through the video, willing to practice it in a small amount and ready to lose. This can be a solution to control trade if done consistently for beginners. If traders who have been trading for a long time, the mind about trade is a quick scheme in my opinion no longer applies. If there is, it is not worthy of being called a professional trader but still as a beginner.

All the points above seem to be common mistakes that most beginners make rather than experienced traders. The wrong mindset on trading will not protect them from losses, meaning they are likely to lose money instead of getting returns. There have been too many traders who have lost to be used as evidence or lessons, of course trading skills greatly influence the success or failure of a trader.

Apart from knowledge, honing skills is also necessary. There is no trader without losses, there is no successful person without ever failing, they have all experienced it. However, what makes them successful and better is that they continue to hone their skills and correct their mistakes. That is the most important thing that turns everything around for the better.

When it comes to mistakes then it is really the best teacher and this is something inevitable and these are indeed the most common things that we would really be able to encounter on the time that we do start trading.

This is why it would be best that you should really know on what you should gonna do, dont aim for something unrealistic and dont make yourself that being hasty when it comes to decisions.
You would really be finding out yourself on such big trouble if you cant really be able to cope up with those stress and anxiety on dealing up with trading. Put up into your mind
that this isnt a skill that could be learn up overnight.This is why it would really be that best that you should really learn to adapt.

This is why it would be always best that you should really know on how to make yourself having that kind of adjustments on whatever circumstances that you might be able to face on.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

* Knowledge: know the craft, know what you are doing, don't trade on assumption...

* Thinking it's a get rich quick scheme or thinking that it's easy.

For me, those two items are the chiefest (principal reason) why people fail at trading. Lack of trading skills and greed are bad combinations. Those who go to college and study for a few years to obtain a certificate but won't give a few years too to horning their skill sets once it comes to trading, believing it's an all comers affairs will always fail at it. It's the same thing greed does. Some people erroneously believe with trading one can pluck cash in midair, aiming for unrealistic profit margin with little capital. That's a recipe for disaster.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Well, despite knowing everything about trading, we can't make it perfectly, and losses still going to happen. With the unpredictable situation of the market, many traders find it difficult to put their buy/sell orders which affects their mindset and courage to continue.

With all the tips and reasons that have been mentioned OP, it is quite to say that most traders have found it hard to control their emotions. A common reason for their failure and I can't deny that was also my problem even until now. If we are into trading, this is what we have to master to control in order to succeed.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: aylabadia05 on January 22, 2024, 09:19:04 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

These mistakes often occur in people who are still beginners in trade. It could be because they have not been trading for a long time so the mistake of thinking that trading is a surefire way to become rich or a quick scheme of rich.

Do not have more knowledge because it does not attend training can still be done in other ways as long as he is willing to spend hours to read trading material on the internet and watch YouTube videos every day if choosing to follow the right training requires a large fee.

After reading and hearing the explanation through the video, willing to practice it in a small amount and ready to lose. This can be a solution to control trade if done consistently for beginners. If traders who have been trading for a long time, the mind about trade is a quick scheme in my opinion no longer applies. If there is, it is not worthy of being called a professional trader but still as a beginner.

All the points above seem to be common mistakes that most beginners make rather than experienced traders. The wrong mindset on trading will not protect them from losses, meaning they are likely to lose money instead of getting returns. There have been too many traders who have lost to be used as evidence or lessons, of course trading skills greatly influence the success or failure of a trader.

Apart from knowledge, honing skills is also necessary. There is no trader without losses, there is no successful person without ever failing, they have all experienced it. However, what makes them successful and better is that they continue to hone their skills and correct their mistakes. That is the most important thing that turns everything around for the better.

Topic: Why people mostly fail in trading - page 11. (Read 1946 times)