Topic: Why people mostly fail in trading - page 2. (Read 1946 times)

Most beginner traders think that trading is an easy activity and they can do it anytime and anywhere by studying a book or watching a few videos. But little do they know that successful traders are only 10%, meaning 90% of traders will fail. That's because being a trader is not as easy as what is said in the trading tutorial videos, there are many trials and errors to become a successful person. And also perseverance, good psychology, experience and instinct, that's what makes a person can be part of the 10% of successful traders.

Most people fail in trading because they don't focus on mastering a single strategy, having too many strategies can make you an unstable trader. Work on strategy development and focus on building your own strategy that works for you instead of going into the market trying to use every strategy you come across on the internet. Another reason why most traders fail is because they trade against the trend, if you move against the markets direction you are taking an irresponsible risk that can make you lose a lot of money. Lastly, traders fail due to impatience.

There are not only signs of greed, but also a lack of knowledge when a beginner does not understand how the cryptocurrency market works. In this case, a more experienced trader will close the position in parts, and put a stop loss on the rest so that his profit order would not become unprofitable.

When you say newbies there are people that still have hope that is they put in effort just to see how they will make there self better does once's are different from the ones that are not ready to learn and all they want to is do try and error and they call there selves traders but since they are using there own money I don't think that should be a problem because eventually they will definitely learn and don't even allow does that are learning make money by mistake thay is when you see how they will have in there mind and they will duel on it and that is why some are losing money.

They don't want to put in effort to actually learn and that will be better and something's can be avoided instead of trying to do it blindly, that is what most traders do since they don't have initial knowledge they just do what pleases them. And when the knowledge is already there then your read life style will be made easy without even much stress and during corrections thing will be fine.

And some can be encouraged to go to a trading school to help them build there knowledge better at least there there will be serious monitoring, it's also an option it they want to learn.

There are still newbies that call themselves traders but do not have full comprehension about trading. That could attract loses because we might think we are doing the right thing without knowing that what we are doing is wrong. Trading is not fun at all especially when we don't have full comprehension about trading and we have the confidence to enter the market with the prospect of making money. Every trader must make sure they have the complete skill about the market so that misunderstanding will not become a challenge when trying to make money in the market.

In addition to some of the things you said about trading, the most common thing that we can clearly find in trading is not feeling satisfied when someone has seen the profit from what they have bought so that the person still wants to hope to get more profit in the near future. Even though he could have taken that profit at that time and bought again when the price started to correct again even though it was not in such a large size. So it is actually more about greed so that it can also cause failure when the price has fallen and he has to maintain his assets to wait for it to rise again if he doesn't want to lose in the correction position.

Apart from knowledge and experience, consistency and not giving up in facing circumstances are also very important. Because some people give up and think they can no longer continue trading because they feel a loss. Management is also very important, especially when we are still in the learning process. Don't rush to get big, because that will also be in line with the risks that will be obtained. Trading is not easy, we all agree with that. It takes a lot of sacrifice before we get what we want. even someone who has become a professional still feels a loss and we cannot remove losses from the trading list.

Discipline and practice are very important in trading, everything you know about trading you should check yourself to understand how well you can apply it, what will work for you and what will not. And another very funny moment, when you manage to trade with small amounts, it may not work with larger amounts, because emotions (or experiences) will also turn on, which will prevent you from thinking calmly, you also need to get used to this.

Actually, all traders must come with the intention and goal of making money, everyone wants to be rich and indeed there are also traders who are now successful and have succeeded in achieving wealth through this activity, but often beginners come with the wrong mindset as you said, namely coming with the idea that trading is a get-rich-quick scheme where the impact of this mindset certainly makes them do everything in a hurry because they want to immediately achieve wealth like successful traders. Usually they don't learn gradually and when they first jump in they immediately use real money but without being based on any knowledge and science regarding what should and shouldn't be done in every situation, this is why many people suggest that it is better to have an experienced mentor because that way you will be guided slowly along with being told what steps to take gradually, the biggest mistake of beginner traders who ultimately fail in my opinion is because they have the wrong point of view.

First, you shouldnt be bumping up an old thread that been long time inactive or the last post had been made. It is really that against the rules of this forum about necroposting and this is why you should really be careful on doing so.

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Going back into the topic about failing up with trading then this is really normal because trading skills isnt something that you can be able to obtain in a short period of time and acquiring up such skills isnt something that you can be able to have a good grasps of it. The key on here is on how you would really be taking up such step for you to have that kind of sustainable trading because not all will really be having that kind of approach towards it. The money that they do fail then some people do really completely stop instead on trying out to study and learn with those things and find out on what happened.

Experience will really be your best teacher when it comes to this manner and it will really be that depending into someone on how they will really be trying out to adjust accordingly on the time that they do experience loses. You wont be able to call yourself as a trader if you will really be that not be that versatile when it comes to various conditions because market is volatile and unpredictable and its normal that those movements will really be mainly experienced out.

The Reason why some people failed in trading is because they jumped into trading without acquiring any knowledge on it, their only aim is to become rich, forgetting the things that they need to do or know about it, which lead to making wrong decisions, they are just willing to make profits. And trading does not work that way, you need to aquire knowledge and understand the rules that guide trading, so that you should be able to manage the risks. trading need patient, dedication, selflessness and Contentment. Fear and greediness are also among the reasons why some people failed in trading.

I think, looking at the chart movement of a coin when trading is one way to trade. However, there are many ways that are also recommended before trading, such as looking for information that can make a coin rise high.
However, aside from a lack of knowledge, many people fail in trading because they rush, or simply follow the hype. Some people are too hasty in making decisions to prevent losses that they could incur, while for others, they just follow the hype. When a coin is widely discussed, they buy without knowing the complete information.

One thing that makes the market very difficult to trade is the inability to predict future prices. Traders want to make a profit as soon as they enter the market, so they fail more often. The truth is the market can be a complex one and requires a lot of time and patience. Most traders who are successful do their technical analysis thoroughly and base all their trades on data and logic.

Do you know why many people who ventured into threading Fail to succeed in Trading it is because of they have not know the rudiments  of trading before they venture into trading, I know very well that threading have to do with something that is reasonable and they have to make sure that you understand the protocols and the risk that is involved before your venture into it else they will continue to fail to succeed in Trading that is why many people continue to have issue because they have not understand the term and the condition of trading before the establish and trading

I agree, trading is a way to make quick profits and that is why many people flock to it because they think it is easy to make quick money through trading. But I don't support the idea that beginners should start trading as soon as possible, I think it's better for beginners to hold.

In addition, having complete knowledge about trading will not guarantee that you will definitely make a profit, knowledge will help you have a higher winning rate but it does not guarantee it either.
Knowledge, experience, mindset... and a little luck when trading because the market is very volatile and unpredictable.

They are simply people who like to blame others and do not want to admit their stupidity and greed.

trading is essentially how to take advantage of the market by riding the wave while having no idea what kind of wave we are facing, this is trading from my understanding even though it seems abstract but many people fail to grasp the truth that trading is really difficult for beginner to be consistently making profit.
making profit sometime is definitely normal due to the luck but wait until the beginner luck dried out then we might find it difficult to make profit therefore giving up on it.

i guess that most of people that are successful in trading today are just getting the hang of it faster than most of people therefore making consistent profit.
the newbies that just too slow in having understanding of the market and also having no patience will usually give up because they are losing big time.
its at the end of the day just matter of resilience and also understanding how the market work, since undeniably trading cryptocurrency that is so volatile require mental strength as well.

Some people may think that trading is one of the things that can make money quickly, unfortunately trading is not like that. To trade, of course you need good understanding, as you said, one of them is concentration and commitment. because if you don't master this, perhaps all you will think about is profit, while trading also has the risk of loss, especially if we don't have a good understanding of trading.

Those who fail a lot in trading are probably those who only think about the profit side, so they don't think about the risk side, which is bound to happen if they don't have a good understanding. Trading certainly requires good concentration, but is that also included in research?

You need to make sure that you completely understand the risk before placing huge amount of invesment, just like what you mentioned if you put huge amount of money and the market turns against you, it will be tough to recover your losses, and most of the time when fear dominates inside you, the timing is bad, when you decide to pull out your investment the losses is really huge, you must understand that in order to make something decent, you need to know not just the basic but you should keep on improving yourself and when the time that you think you are really ready,

then you can start placing decent amount of investment just make sure that you are not holding that which you are not willing to let go, you need to have that big nerve to risk and if your analysis makes it right, expect to harvest the profits, but keep in mind that you should stop learning, keep that mindset alive so you will keep on aiming to learn to avoid failing from this business.

They say that trading is a scam because they failed to get profit and the reason behind their loss is that they consider trading as a quick rich mechanism but when they don't get profit at first chance then they assume trading as a scam technology. Actually they lost due to their misunderstanding but they are not ready to accept their fault.

The main reason that most of the people lose in trading is that they are not interested in learning about trading and the main thing is that if they lose in trading they don't work to find out their mistakes but keep going on with these mistakes which become hazardous in future for them.

The problem of most people in trading is that people go to make excessive profits very quickly, and when they train, people face losses. Most of all, if you want to test, you have to remember to gradually increase the amount of investment. Those who make all the investments in the beginning, there are many problems in recovery. Therefore, in training, the amount should be sent from the original amount to the investment.