Why people mostly fail in trading - page 4.

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Quote from: 2Pizza410000BTC on March 23, 2024, 06:27:04 PM

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.
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.

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform. Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

It's always best to earn knowledge and use it for your trading as there are many factors that may affects your decision making and yes, like what you said, greed mostly conquer you and manipulate your decision, once you follow that greed it will start directing you and commanding and instead being contented with small earnings you'll choose to push for much larger and eventually you'll lose your position, part of that is the volatile nature of this business.

You can't just ignore the quick pump or the quick dump and your usual reactions is to move according to the trend hypes, and that's the worst thing in trading, emotions should not be tolerated but instead use the earn learning and follow your setup strategy from time to time.

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Quote

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.

actually these are most of the common mistakes made by traders. Apart from the above mistakes, some of them even trade by assumptions, they will try to predict the future market by assuming that so and so will happen in the next market without rigid and basic knowledge about it.

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Quote from: Bloodseekers on March 23, 2024, 08:29:31 PM

When someone decides to trade even though they only have a little knowledge about trading and consider themselves to have a lot of knowledge about trading, of course this is very stupid and of course this will make them experience losses on the trades they will make and this will continue until they realize the mistake they made.

Greed is not a good thing in many ways, including trading, because everyone who trades with greed will of course not be able to make the right decisions in trading and also they will not be able to analyze the market well so they often miss out on the profits they have made. obtained when trading.

honestly if someone so lack in knowledge when in trading they could compensate by using trading signal but then again finding reliable trading signal is like finding needle in the haystack.
often time we gonna be misled with some fake information and become exit liquidity for those people so its not really a good thing either.
the best thing to do is by accumulating knowledge so that we can know whether an information is a fake information and make our own analysis because its often time become crucial.
even more so for newbies, greed and lack knowledge I think quite frequently goes together when newbie trying to trades. because their lack of knowledge is the reason they become so greedy buying at peak when coin is having some big rally and then losing all their money because reaching peak mean the coin vulnerable to sudden flash dumping.
this is the reason why most people fail in trading, because 90% quit because they don't have enough knowledge to make profit.

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Quote from: 2Pizza410000BTC on March 23, 2024, 06:27:04 PM

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform. Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

When someone decides to trade even though they only have a little knowledge about trading and consider themselves to have a lot of knowledge about trading, of course this is very stupid and of course this will make them experience losses on the trades they will make and this will continue until they realize the mistake they made.

Greed is not a good thing in many ways, including trading, because everyone who trades with greed will of course not be able to make the right decisions in trading and also they will not be able to analyze the market well so they often miss out on the profits they have made. obtained when trading.

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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.
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.

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform. Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

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Quote from: Jessie2121 on March 23, 2024, 08:21:04 AM

There are many things that makes one fail in trading, lack of planning no strategy and also lack of patience can make even the best trader to fail. You see someone who believe he or she can do better than the other getting involved without seeking for advise may lead to massive failure, some even thinks it has to do with luck but no way, it doesn't have to work the way it does for the next person.
If you don't accept that you know less about something you only meet your down fall, and in this crypto world to succeed you have to get the best in the business to school you to know more, without that all won't go well with you trading if you're not careful.

Jumping into trading without understanding the entire concept of trading and getting impatient quickly is one of the reasons for failure in trading. The first things that have a high impact on trading are not to panic, control emotions and be an expert in analysis. If you follow these things, there will be less chance of failure in trading. no one can guarantee that a trader will succeed in all his trades, but the more expert he is, the less likely he is to fail.

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There are many things that makes one fail in trading, lack of planning no strategy and also lack of patience can make even the best trader to fail. You see someone who believe he or she can do better than the other getting involved without seeking for advise may lead to massive failure, some even thinks it has to do with luck but no way, it doesn't have to work the way it does for the next person.
If you don't accept that you know less about something you only meet your down fall, and in this crypto world to succeed you have to get the best in the business to school you to know more, without that all won't go well with you trading if you're not careful.

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Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

There are many reasons why most traders fail in the crypto industry. Some of them are: first, they feel worried because of the lack of knowledge of the trading they entered; others are just carried away by the hype in the news and what they watch on social media like YouTube; and others are carried away by their emotions.

As for the others, they look at trading as if it is like gambling, as if they also think that it can be obtained by guessing, even though they have no idea that trading is not designed that way.

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Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

There are many reasons why people can invest in bitcoin and fail because they lack the tenacity of withstanding the tough times associated with making such investment, apart from what you have already pointed out here, fear is another factor or reason, impatience, lack of technical understanding, personal needs and some other things which may be the reason why some people can make trade and rush out of it uncontrollably.

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perhaps the trading story that has always been
in my mind especially we have to have enough
and learn to always understand.
with understanding

enough accurate information will be more
good especially the pattern
thought that
clear it can help
with trading success
can be seen with our positive mindset

Gideon66

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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.
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.

There are many reasons people fail in trading, but mostly there are common factors that seems to be play. Most people don't have patience to succeed in long term. Trading requires focus, patient having a strategies plan to carry out a successful trade, even when the market are volatile. Many people don't understand the basic of trading, such as the risk involved and technical analysis.

Many people don't have a good mindset for trading such as ending up making emotional decisions that causes losses.

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Quote from: OrangeII on March 15, 2024, 10:28:33 AM

Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

One of the things that makes people stressed when trading is panic. This makes someone sell their assets in a hurry even though they are experiencing a loss. Because they are afraid of greater losses, they are forced to sell the assets they own. This makes a lot of people who trade fall. Actually, there are many factors regarding this, but this is also one of the factors that causes the most losses to people who trade.

panic trading is when suddenly market dumps then people panic and emotion get the best of them therefore they just make some of the worst decision ever by dumping all their coin to the market because afraid that the lose will be even higher since they are having some cut loss opportunity they decided to cut loss but is it an opportunity though?
for example is the recent price dumping, just imagine someone selling btc when it was falling down to $61k and just within few days the price climbed up, its gonna be absolutely okay if it was someone that bought the bitcoin at significantly lower price basically holder they'd still be in profit so selling wouldn't implicate a thing except lesser profit but for those that bought at higher price, well they are experiencing loss for absolutely nothing they could've avoided the loss had they know better that in bullrun there's always some pullback but they got panicky and then start dumping all their investment for a loss which is unnecessary at all.

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Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

You only loop this together without having that constructive argument about it. There is nothing wrong with traders selling at a high level and buying at a low level as long as they know what they are doing and do not subject it to guesswork or gambling. Such must ascertain the levels through support and resistance levels and also with good analysis to truly know the exhaustive condition of the market which is called overbought and oversold condition.

However, this strategy is good for the long-term approach but the short-term traders can still take advantage of it but would be on the lower timeframe. And for those who experienced the market going against what they planned, I can only encourage them to manage their trading properly, there are no perfect traders and analysis/signal, anyone can fail, and at times, closing the trade at a bad price is good to save such trader from more losses. This is more heroic than the way you made it look bad.

All that matters is to make more wins, but thinking traders will not lose is a pure lie, and in losses, we should not still mock anyone. Generally, to avoid losses, I can only encourage traders to work more on their trading management and psychology. With good strategy as well, I don't think any issue would arise.

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Quote from: Fredomago on March 20, 2024, 02:33:41 PM

Better to understand the concept and learn more about possible strategy to use, there are many available information that you can use to increase your knowledge, just need to be more keen and always be available to adjust.

Most people who get into trading are in a rush to make money. They are always misguided and have a misconception about the cryptocurrency market because they think it is very easy to earn money from here. In contrast, the reality is different and one requires extensive knowledge and understanding about the market and different trading practices to be able to earn money from the market.
People who manage to gain enough knowledge beforehand barely face any issues when they start trading because they don't rush it and take it slow and easy which is how it should be taken in the first place.

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Quote from: Fredomago on March 20, 2024, 02:33:41 PM

Quote from: bettercrypto on March 20, 2024, 11:11:46 AM

Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

There are only two reasons why the majority of traders always fail. First, they think that trading is just like gambling; second, they don't really know anything; they just use their greed in the hope that they will get a profit through an assumption or guess, which is wrong.

There are only those two; if you don't have that reason, for sure you will make a profit in the end. That just means that you have knowledge of trading and know what to do with actual trading in the crypto space.

With proper knowledge success can be achieved, and I agree with most of those who failed in trading its not something that you can treat as gambling, there are fundamentals that you needed to understand before you can have a proper grasp on it, the more you know what you are doing the better progress with your trading participation, without the proper understanding you'll keep seeing yourself losing your money.

Better to understand the concept and learn more about possible strategy to use, there are many available information that you can use to increase your knowledge, just need to be more keen and always be available to adjust.

There are things that cant really be able to learn from just reading up those theories or into those which are written on which you would really be able to get up those other learnings from actual experience on which
it would really be just that a normal approach that you should really be needing to have that real time engagement rather than on making yourself keeping on reading up those theories on which we know
that technicals cant really be precise or even with fundamentals too. You would really be needing to experience those tons of trial and error into this journey on which you would really be needing up to adjust
accordingly and this is something that you should be putting up into your mind.

Failure and mistake are your stepping stones on making yourself way more better.It would really be just that depending on how you would really be expecting yourself to handle out
such condition and would really be able to adapt accordingly because not all does have that kind of mindset and self control in regarding about their emotions
because once they do able to experience such hardship then they would really be just simply quitting.

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Quote from: bettercrypto on March 20, 2024, 11:11:46 AM

Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

There are only two reasons why the majority of traders always fail. First, they think that trading is just like gambling; second, they don't really know anything; they just use their greed in the hope that they will get a profit through an assumption or guess, which is wrong.

There are only those two; if you don't have that reason, for sure you will make a profit in the end. That just means that you have knowledge of trading and know what to do with actual trading in the crypto space.

With proper knowledge success can be achieved, and I agree with most of those who failed in trading its not something that you can treat as gambling, there are fundamentals that you needed to understand before you can have a proper grasp on it, the more you know what you are doing the better progress with your trading participation, without the proper understanding you'll keep seeing yourself losing your money.

Better to understand the concept and learn more about possible strategy to use, there are many available information that you can use to increase your knowledge, just need to be more keen and always be available to adjust.

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Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

There are only two reasons why the majority of traders always fail. First, they think that trading is just like gambling; second, they don't really know anything; they just use their greed in the hope that they will get a profit through an assumption or guess, which is wrong.

There are only those two; if you don't have that reason, for sure you will make a profit in the end. That just means that you have knowledge of trading and know what to do with actual trading in the crypto space.

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Quote from: bakasabo on March 15, 2024, 05:12:11 AM

People also fail in trading because besides «buy low sell high» they dont know anything. When the price goes lower than the original price they have bought for, their plans gets destroyed, because they dont know what to do, that is not what they expected. People like that sell at any price they can, quit and raise panic at the market, thereby creating new wave of unsuccessful traders.

It's essentially a lack of knowledge about the market and certain trading practices and a lot of newbie investors tend to have this thing in them. They are extremely lazy when it comes to learning, they want everything to be served to them on a plate so that they can eat and enjoy, this is the reason why people running premium signal groups on social media platforms are earning so much money because newbies are always ready to pay money so that others provide them with ready-made stuff and in this case, it's trading signals.

So, what one needs to do is gain knowledge and this should be the first thing one should do after joining the market because you can't proceed for very long without knowledge in this market, you will barely be able to survive for very long without it.

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Quote from: MFahad on March 15, 2024, 01:53:49 PM

Quote from: Dailyscript on March 15, 2024, 01:39:18 PM

Another thing that makes investor that day trade to fail in trading is when they start accepting huge sum of money from people thinking they can double the money or triple it. If they eventually loss in any trade the fear of holding someones money will put them into unnecessary pressure causing them lose more if care is not taken. In conclusion the reason why traders fail most times is greed.

One of the biggest mistakes of newbie investors is that they think there is more profit if you make more trades, and even though it does increase the potential profits if you make a higher number of trades, it also means more risk to manage, and if someone isn't experienced enough, they will barely be able to manage so many trades at once or in such a short time.

So it is important for new investors to understand that they aren't supposed to try and push their limits to make more trades because that will only increase the risk of them losing their capital if they make a wrong trade in between or if couldn't manage the trades properly because it is not as easy as one might think it is to manage multiple trades in a short period.

Or simply thinking that it is really just that too easy to make trades on which they would really be thinking that this is something a skill that they could really be that easily to make themselves making money
once they would really be trying to get involved with. On the time that reality would really be tasted up or would be slapping into their faces then this is where realization would be able to kick in.

Failing or having those mistakes is really just that normal on trading journey. Market is never been predictable in the first place on which even those professionals or old traders would really be having
that kind of mistakes and errors but the key on here is that you do really know on what you are doing. You cant really that make yourself as a perfect trader.
Loses are inevitable but the key for you to succeed is on how to sustain yourself into this unpredictable space.

This isnt something that you could really be able to make yourself directly be successful without passing with those hard situations.

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Quote from: Dailyscript on March 15, 2024, 01:39:18 PM

Another thing that makes investor that day trade to fail in trading is when they start accepting huge sum of money from people thinking they can double the money or triple it. If they eventually loss in any trade the fear of holding someones money will put them into unnecessary pressure causing them lose more if care is not taken. In conclusion the reason why traders fail most times is greed.

One of the biggest mistakes of newbie investors is that they think there is more profit if you make more trades, and even though it does increase the potential profits if you make a higher number of trades, it also means more risk to manage, and if someone isn't experienced enough, they will barely be able to manage so many trades at once or in such a short time.

So it is important for new investors to understand that they aren't supposed to try and push their limits to make more trades because that will only increase the risk of them losing their capital if they make a wrong trade in between or if couldn't manage the trades properly because it is not as easy as one might think it is to manage multiple trades in a short period.

Topic: Why people mostly fail in trading - page 4. (Read 1946 times)