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Topic: Why people mostly fail in trading - page 13. (Read 1946 times)

legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
January 21, 2024, 02:40:54 PM
#45
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.

Yes indeed,  there are many factors that affects each traders who are trying to be successful in this venue of business,  like those mentioned examples that you provide, each of them have a weight from your decision making,  having that right balance and continously doing progress can help you  to create  good strategy and follow better process to execute your own created system.  Knowing the fundamentals and having a good grasp of what are the possibilities can help you to keep improving your trading capabilities.

It's on your own desire to succeed and how you'll going to try finding the right sets of information to keep moving forward,  those who failed to understand how the market works and what are those factors who affects the movements will continually failed with their trading participation.
hero member
Activity: 2408
Merit: 584
January 21, 2024, 02:25:53 PM
#44
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.
Self-learning is a thing, and people need to understand this. You can't expect other people to spoon-feed you every single thing, they might give you a general idea about that thing, and the rest is your responsibility. Do research, read material, watch videos, and do every other thing required to gain the knowledge necessary for the craft, so that you get completely ready before you get into it.

* Having no experience traders that is good in the craft to guide them.
As I said above, one shouldn't wait for someone else to train them and then they will make a move, the world of the internet is full of knowledge, it's up to you whether you want to get knowledge or not. It's not difficult to learn something if you have an interest in it, no matter what it is.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
January 21, 2024, 11:52:26 AM
#43
People needs mentorship for them to excel in trading what they mostly do nowadays instead of them getting to attached themselves with people who knows what the real deal is with trading they will go search some random youtube influencers who don't go into details with their trading guide, even those who claimed to have been an expert in trading also lose money but they won't come to air how much they have lost rather will be post little tips on youtube to build their youtube followers by the time they noticed they've gain lots of followers they began to make money through their youtube channel and totally forget about trading.
hero member
Activity: 896
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Leading Crypto Sports Betting & Casino Platform
January 21, 2024, 11:51:26 AM
#42
Trading isn't a quick way to get rich because it's tougher than it seems. Success lies in knowing the craft, controlling emotions  and managing risks you can afford. Mistakes often come from thinking it's easy or relying on a couple of YouTube video so we should always verify our facts and do not always be impuslive in making decisions
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.
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.
hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
January 21, 2024, 11:26:16 AM
#41
Trading isn't a quick way to get rich because it's tougher than it seems. Success lies in knowing the craft, controlling emotions  and managing risks you can afford. Mistakes often come from thinking it's easy or relying on a couple of YouTube video so we should always verify our facts and do not always be impuslive in making decisions
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.
copper member
Activity: 1428
Merit: 253
January 21, 2024, 11:03:56 AM
#40
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.
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.

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.
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.
sr. member
Activity: 2352
Merit: 256
Vave.com - Crypto Casino
January 21, 2024, 11:01:22 AM
#39
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
hero member
Activity: 1246
Merit: 699
January 21, 2024, 10:27:06 AM
#38

* 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.

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.
hero member
Activity: 658
Merit: 562
January 21, 2024, 09:37:08 AM
#37
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.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
January 21, 2024, 07:44:41 AM
#36
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.

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.

sr. member
Activity: 2828
Merit: 344
win lambo...
January 21, 2024, 07:30:30 AM
#35
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.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
January 21, 2024, 03:44:25 AM
#34
A common reason why some newbies traders fail is because they don't know enough about the industry and they refuse to consult experts. One thing is that that, whatever you really want to start or do, you'll probably need to learn more about it in order to understand how the kind of thing you do want to start operates. You won't gain anything by continuing to lose if you don't even want to start. If you are well-versed in trading, it can be a means to become wealthy. Trading is a field that merits sufficient information, therefore anyone who truly wants to succeed in it should educate themselves before pursuing their goals. Since not everyone has patient, and trading requires both mental and physical patience. Additionally, trading carries dangers, which is why people recommended that we only deal with money we can afford to lose.
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.
full member
Activity: 2576
Merit: 205
January 21, 2024, 03:12:58 AM
#33



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.



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.
hero member
Activity: 3024
Merit: 680
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January 20, 2024, 11:53:48 PM
#32
Emotions become your best enemy in trading, hence trading with high emotions is always discouraged.
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.
sr. member
Activity: 532
Merit: 250
January 20, 2024, 10:28:23 PM
#31
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.

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.
sr. member
Activity: 420
Merit: 253
January 20, 2024, 08:23:43 PM
#30
A common reason why some newbies traders fail is because they don't know enough about the industry and they refuse to consult experts. One thing is that that, whatever you really want to start or do, you'll probably need to learn more about it in order to understand how the kind of thing you do want to start operates. You won't gain anything by continuing to lose if you don't even want to start. If you are well-versed in trading, it can be a means to become wealthy. Trading is a field that merits sufficient information, therefore anyone who truly wants to succeed in it should educate themselves before pursuing their goals. Since not everyone has patient, and trading requires both mental and physical patience. Additionally, trading carries dangers, which is why people recommended that we only deal with money we can afford to lose.



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.
sr. member
Activity: 364
Merit: 195
WOLFBET.COM - Exclusive VIP Rewards
January 20, 2024, 06:34:20 PM
#29
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.
The skills I  believe that are  required to come out profitable in trading are;

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

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

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.
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.
full member
Activity: 330
Merit: 111
Catalog Websites
January 20, 2024, 06:10:11 PM
#28
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.
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


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.
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
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
January 20, 2024, 05:41:39 PM
#27
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.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
January 20, 2024, 04:56:49 PM
#26
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.
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