Why people mostly fail in trading - page 4.

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Quote from: Ben Barubal on March 09, 2024, 05:16:54 PM

Quote from: Barikui1 on January 20, 2024, 03:32:06 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.

Maybe the only thing I can add to what you said is that they were just told, hyped, or promised. It could also be because they watched it on YouTube and were enticed to enter crypto trading, so they are here.

It is also possible that others are exploring themselves to see if they can see an opportunity here in cryptocurrency. So there are many reasons why they fail, apart from greediness, and the ones you mentioned above.

And most of the time hypes is the reason why trader start gaining interest they might see it from a friends or relatives who venturing to this venue and they think that it will be easy for them duplicating the outcome, but it turned out that because of lack of knowledge they ended up losing their money, its important that you have the right sets of skills and knowledge before stepping into this business,

Trading is a never ending learning process even how good you are there's no assurance that you'll be able to keep the positive streaks but the chances to avoid or prevent losing a lot, you can work on it by using your skills and experience.

Ben Barubal

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Quote from: Barikui1 on January 20, 2024, 03:32:06 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.

Maybe the only thing I can add to what you said is that they were just told, hyped, or promised. It could also be because they watched it on YouTube and were enticed to enter crypto trading, so they are here.

It is also possible that others are exploring themselves to see if they can see an opportunity here in cryptocurrency. So there are many reasons why they fail, apart from greediness, and the ones you mentioned above.

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Quote from: leonair on March 03, 2024, 01:56:42 AM

Panic is one of the major causes of trading losses. And getting emotional and investing in the wrong coin. Trading requires a good trading skill along with a good experience Most of the traders do not have good skills or experience and that is why they make wrong decisions and invest in wrong coins at wrong time and sell them in panic. so trading is not for everyone and not everyone can succeed in it. at every stage of life, emotions force us to make many wrong decisions, so emotions must be controlled at all times, only then it is possible to do good things in life.

There are many factors that cause someone to fail in trading, including panic situations in the face of market conditions that suddenly fall quite drastically, you need calm and patience if you want to succeed in investing in bitcoin or altcoins.
Most of trader can't manage well with the FUD and easily faced panic moment for selling bitcoin or altcoin assets on the lower price without waiting the recovery moment raise back to higher price.

Trader must learn more from the expert how keep calm facing FUD with market, its normally with price pump and dump how to face it without get panic keep hold and waiting until recovery to the higher price. Read more about the experiences of traders who failed when trading due to fatal mistakes to minimize trading so that it can be profitable and get consistent profits.

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Quote from: MFahad on March 08, 2024, 03:17:06 PM

Quote from: martinex on March 08, 2024, 05:55:03 AM

This item always makes me smile but I think it is appropriate and really dominates everything. In fact, even $1 dollar may take a long time to rise and you have to wait at least 4 hours if the capital is $100. However, if we are good at reading market hype, it is quite easy to get profit estimates by buying coins that are trending, for example currently many are UP on meme tokens.

Yes. The basic principle is still buy and hold and then you will feel the increase if we only have 1 to 2 days of trading time, I think the hope is very far away.

Mostly, people who invest in meme coins believe in the theory of getting rich overnight because they have seen it happening with some of the meme coin investors in the past where they got huge returns on their investments because they were early birds. However, such people don't understand that it doesn't happen to everyone, and if that were possible, we would have tons of millionaires around us by now.
You are right that this theory is nothing but a self-made thought that some people have made in their minds after hearing about cryptocurrencies and how profitable they can be sometimes.

You cant blame out people on not to have that kind of thinking on which there are really actually those people who do make money with meme coins and this is why they are really that trying out to mimic those kind of gains on which some of them are really that life changing but of course not all people would really be able to experience it out because its never been that easy on having this way.
There's no such method that we could really be able to know on whats the next movement of prices. Sometimes we can really say that luck is also one of the factors on which
this is something you do need to be successful on crypto space.Just like been said by others that failing or having those errors would really be just that normal.
The thing on here is that you dont really make yourself that easily give up on the time that you would really be facing up challenges and this do what matter the most.

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Quote from: martinex on March 08, 2024, 05:55:03 AM

This item always makes me smile but I think it is appropriate and really dominates everything. In fact, even $1 dollar may take a long time to rise and you have to wait at least 4 hours if the capital is $100. However, if we are good at reading market hype, it is quite easy to get profit estimates by buying coins that are trending, for example currently many are UP on meme tokens.

Yes. The basic principle is still buy and hold and then you will feel the increase if we only have 1 to 2 days of trading time, I think the hope is very far away.

Mostly, people who invest in meme coins believe in the theory of getting rich overnight because they have seen it happening with some of the meme coin investors in the past where they got huge returns on their investments because they were early birds. However, such people don't understand that it doesn't happen to everyone, and if that were possible, we would have tons of millionaires around us by now.
You are right that this theory is nothing but a self-made thought that some people have made in their minds after hearing about cryptocurrencies and how profitable they can be sometimes.

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Quote from: bettercrypto on March 08, 2024, 02:17:59 PM

Quote from: terrific on February 06, 2024, 06:52:58 PM

Quote from: Tomcolor on February 06, 2024, 01:53:44 PM

Actually two levels of people are more interested in trading as first when a crypto user comes to know about crypto then he loses money while trading. On the other hand the middle class users refrain from trading because they have already lost a lot of money while trading. Moreover, those who are more experienced in trading easily get profit from here due to which they value trading more than investment.

Those that have experienced losing in trading, don't want to try again and choose to hold. While someone who's very eager and optimistic and doesn't let themselves down due to failure keeps going on. It is okay to stop and learn another way of staying on this market.
IF trading doesn't work for you and you think of yourself as a failure, stop it from there and learn another technique to invest on the market as there's no other way than majority's common known.

Apart from what you say, there are many reasons why most people who enter crypto trading fail, and one of them is being greedy. People are just led by hype or promises and don't have enough knowledge about crypto or bitcoin.

Those are the major things that often happen that are still the reason for those who fail in trading in this field of this crypto space business industry.

More on self discipline when dealing to anything that relates to money, greed is one the big factor that lead to a failed trade common practices is becoming greedy, instead of closing their position since they are not that much aware about risk or even they know about that but when emotion dominates then greed will be beating your position.

Aside from that is being caught by hypes entering without a solid strategy to use, if you can't analyze the market and you are just doing your trade with the same concept like gambling, you'll find yourself keeps failing over and over.

You need to study and focus with how you understand the business, from that point, you'll be able to create or follow the right sets of patterns to start making good positive trades.

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Quote from: terrific on February 06, 2024, 06:52:58 PM

Quote from: Tomcolor on February 06, 2024, 01:53:44 PM

Actually two levels of people are more interested in trading as first when a crypto user comes to know about crypto then he loses money while trading. On the other hand the middle class users refrain from trading because they have already lost a lot of money while trading. Moreover, those who are more experienced in trading easily get profit from here due to which they value trading more than investment.

Those that have experienced losing in trading, don't want to try again and choose to hold. While someone who's very eager and optimistic and doesn't let themselves down due to failure keeps going on. It is okay to stop and learn another way of staying on this market.
IF trading doesn't work for you and you think of yourself as a failure, stop it from there and learn another technique to invest on the market as there's no other way than majority's common known.

Apart from what you say, there are many reasons why most people who enter crypto trading fail, and one of them is being greedy. People are just led by hype or promises and don't have enough knowledge about crypto or bitcoin.

Those are the major things that often happen that are still the reason for those who fail in trading in this field of this crypto space business industry.

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Quote from: Questat on March 05, 2024, 04:33:28 PM

Quote from: Gormicsta on March 05, 2024, 10:38:56 AM

People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.
Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

All the things that you have said are right but the question is why they continue doing these things even though they know this is not right.
And this is what it only means, these people are not meant for trading...I don't think they don't have knowledge about trading nor we can say they don't have an idea of what they are doing but they probably doing this without passion and dedication. Because it was different when your goal was not only about money as certainly, we are willing to change and adapt to the market situation.

When someone makes a mistake but they cannot learn from what they did, of course they cannot control themselves when trading so they will never be able to trade correctly and be able to make a profit on trading, to be able to make a profit on trading of course they must trade very carefully to be able to analyze the market and make decisions without haste and must decide correctly so that they will be able to make a profit on the trade.

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Quote from: Barikui1 on January 20, 2024, 03:32:06 AM

most mistakes of traders are;

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

This item always makes me smile but I think it is appropriate and really dominates everything. In fact, even $1 dollar may take a long time to rise and you have to wait at least 4 hours if the capital is $100. However, if we are good at reading market hype, it is quite easy to get profit estimates by buying coins that are trending, for example currently many are UP on meme tokens.

Yes. The basic principle is still buy and hold and then you will feel the increase if we only have 1 to 2 days of trading time, I think the hope is very far away.

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Quote from: ancafe on March 08, 2024, 12:11:05 AM

Quote from: Barikui1 on January 20, 2024, 03:32:06 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.

You have answered the questions given and maybe some people are trapped because they want to get rich quickly from the trading activities they do. However, trading does not guarantee profits all the time because even people who are experienced in trading also experience losses at certain times. The get rich quick scenario is always loved by people and usually they lose their minds in making money. Trading can indeed be learned to increase skills, but trading does not guarantee profits every time.

Train and level trading skills so that anyone can be involved in it responsibly because without knowledge trading activities will only result in losses for the people involved in it. The most important thing is not to rush into thinking that trading is a way to get rich quickly, because everything requires a process and is not as easy as you imagine.

Once you do have this kind of idea in mind on which you do have those hopes on becoming rich via trading and you are still a complete noob then you are just basically putting up yourself on such big trouble.
Why? you would really be that getting derailed on things on because you are really that believing that you could really be able to make yourself that to be able to get that easily until when reality
kicks on then this is where you would really be able to realize that it wasnt been easy. You would really be able to experience the worst until you would be able to learn for yourself.

Fail on trading? This is normal when you are just still that a noob. On the time that you do gain up experience then you do already know on how to minimize that risks and would
really be able to control up yourself and on how you would really be able to handle it out.

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Quote from: Gormicsta on March 05, 2024, 10:38:56 AM

People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.

that is all added into a selfish person , those actions shows how they will never be a investors and should lose all the time.
because when you are into investing then you should learn first before putting your money inside and expect profit.

Quote

Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

learning from own mistakes should be the best teacher , and if you don't understand that then expect a complete losses.

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Quote from: Barikui1 on January 20, 2024, 03:32:06 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.

You have answered the questions given and maybe some people are trapped because they want to get rich quickly from the trading activities they do. However, trading does not guarantee profits all the time because even people who are experienced in trading also experience losses at certain times. The get rich quick scenario is always loved by people and usually they lose their minds in making money. Trading can indeed be learned to increase skills, but trading does not guarantee profits every time.

Train and level trading skills so that anyone can be involved in it responsibly because without knowledge trading activities will only result in losses for the people involved in it. The most important thing is not to rush into thinking that trading is a way to get rich quickly, because everything requires a process and is not as easy as you imagine.

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Quote from: Questat on March 05, 2024, 04:33:28 PM

Quote from: Gormicsta on March 05, 2024, 10:38:56 AM

People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.
Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

All the things that you have said are right but the question is why they continue doing these things even though they know this is not right.
And this is what it only means, these people are not meant for trading...I don't think they don't have knowledge about trading nor we can say they don't have an idea of what they are doing but they probably doing this without passion and dedication. Because it was different when your goal was not only about money as certainly, we are willing to change and adapt to the market situation.

Everyone starts on being a noob and no one starts on being a professional on which it would really be normal that there are people who would really be pushing up their intent on learning trading despite of the errors and loses that they are committing and there are ones who do easily give up whenever they have experienced that loss of money on which i could say that it would be normal. If ever you do have plans on having that kind of
approach towards trading then it would be your choice. One things for sure that trading isnt a skill that you could really be able to know or learn in a short time period.

Failure is common but sustaining is something that you should really be that aiming.Patience and sustain is something that not all people would really be having.
The ones who do sustain are the ones who do succeed into this one. This is why it would really be always best that you should be having this kind of behavior.

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Quote from: Sorryfor on March 03, 2024, 02:34:37 AM

Most people fail in trading because they do not seek proper knowledge about trading and they do not trade according to a plan. To trade you must have a very good understanding of its process how it works and the various coins in the cryptocurrency market. Another reason for failure in trading is lack of patience. Because if you are a newbie trader then you may face losses instead of making your profits in the beginning, but still if you stick patiently you will hopefully succeed one day. After trading, your mistakes will teach you slowly. So know well and stick to it.

Misconception, thinking that trading is just an easy venue to make money most newbies thinks that they can do it as same pattern like gambling, just plae you position and wait for luck to back you up and move it to your direction, instead of searching and studying the right way of trading, there are many possible patterns to follow as internet provides information about this business, without doing the proper idea will lead you to lose most of your attempts.

Quote from: Questat on March 05, 2024, 04:33:28 PM

Quote from: Gormicsta on March 05, 2024, 10:38:56 AM

People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.
Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

All the things that you have said are right but the question is why they continue doing these things even though they know this is not right.
And this is what it only means, these people are not meant for trading...I don't think they don't have knowledge about trading nor we can say they don't have an idea of what they are doing but they probably doing this without passion and dedication. Because it was different when your goal was not only about money as certainly, we are willing to change and adapt to the market situation.

You need to have that focus, and like what you said, dedication and passion that will give us that mindset to continue adopting and adjusting if it's needed, you will not stay with one strategy but you will always keeps on studying what patterns is best fit to what the market is bringing, you need to anticipate the market so better to set proper adjustment to make things works for you while you have
your position.

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Quote from: Gormicsta on March 05, 2024, 10:38:56 AM

People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.
Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

All the things that you have said are right but the question is why they continue doing these things even though they know this is not right.
And this is what it only means, these people are not meant for trading...I don't think they don't have knowledge about trading nor we can say they don't have an idea of what they are doing but they probably doing this without passion and dedication. Because it was different when your goal was not only about money as certainly, we are willing to change and adapt to the market situation.

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People who fail at trading often make common mistakes such as being overconfident, greed, refusing to take profits when they should, failing to learn from their mistakes, repeating unsuccessful methods, refusing to accept corrections, not knowing enough about the market before beginning, being impatient and disobeying instructions, believing they always know the best way to trade, and lacking self control or discipline.
Before some of them realized their faults, others failed due to a lack of knowledge and understanding that they acquired via experience.

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Due to their greed and lack of knowldge. In my early trading life i have also done something like this. Sometimes i haven’t book my profit in a token only because i was expecting a higher value which was based on assumption. If i made the expectations based on fact and knowledge like i do right now i would have made a lot of profit from trading.

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Most people fail in trading because they do not seek proper knowledge about trading and they do not trade according to a plan. To trade you must have a very good understanding of its process how it works and the various coins in the cryptocurrency market. Another reason for failure in trading is lack of patience. Because if you are a newbie trader then you may face losses instead of making your profits in the beginning, but still if you stick patiently you will hopefully succeed one day. After trading, your mistakes will teach you slowly. So know well and stick to it.

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Quote from: MIner1448 on January 20, 2024, 04:27:00 AM

Training and continuous improvement of skills are key elements of successful trading. Emotional control, especially in times of market instability, helps avoid decisions based on fear or greed, which can lead to undesirable consequences. Very often, people cannot overcome their emotions on the stock exchange, which leads to the loss of their savings.

Panic is one of the major causes of trading losses. And getting emotional and investing in the wrong coin. Trading requires a good trading skill along with a good experience Most of the traders do not have good skills or experience and that is why they make wrong decisions and invest in wrong coins at wrong time and sell them in panic. so trading is not for everyone and not everyone can succeed in it. at every stage of life, emotions force us to make many wrong decisions, so emotions must be controlled at all times, only then it is possible to do good things in life.

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Yes, people can easily feel in Trading because of lack of knowledge lack of reading and e-books for Trading and lack of sticking to the plans. It can make them easily feel and they will think Trading is the most difficulty. Trading is technical and a little bit difficult, but not difficult as you think if you follow the procedure and the rules, Trading is one of the most sweetest you understand how it was and again inside of it , you can easily feel if you simply don’t obey some simple rules in trading such as loe what to focus on on what you’re trading on, it is always important to get signals from expertise at least 70% expert in trading, because if you don’t do this, it’s obvious that you are not ready to succeed in trading which means you are going towards failed trades. so it is always advice to make sure you calculate properly read properly ask question make sure you know what you want to do and do it at the right time you have already planned for it don’t be distracted make a chance to write down some coffee, treat some previous streets, and take note of every step you make during your trades because you would definitely use it again.

Topic: Why people mostly fail in trading - page 4. (Read 1542 times)