It only takes one who is discipline to control it greed that is when it may not look like a get rich scheme. Once a beginner start being successful in his trade there is things that propels them to pushing for more trade and increasing lots size with the expectation that they will make good money as fast as possible.
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.
Topic: Why people mostly fail in trading - page 5. (Read 1946 times)
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.
Everything we do without knowledge will definitely end in losses, especially when people are involved in trading. Not everyone understands how to trade correctly and most people prefer to listen to big returns so they engage in trading just because they want to make big profits. Not being trained and not having skills in trading will make someone suffer losses because they don't understand how to trade correctly.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.
If someone wants to be seen in trading, they must learn how to do it properly so as not to risk losing money. Skills will be formed when people really learn how to trade, although it is not easy, but at least they can understand how to trade correctly. Trading is not suitable for everyone because there are risks involved if it is not done with knowledge.
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. 
Based on my personal experience, I was also an unsuccessful trader several years ago. And the reason at that time was that I underestimated technical analysis. And secondly, I'm lazy about digging up the latest news and information. And the third is that I have no control over my own emotions in trading. and the fourth is that we use money that is not actually cold capital or we use money that we actually still need for our daily needs. And the last thing is that we don't yet know market habits.
Just my story is also similar with you. I lost trading for my lack of financial condition, a lot of times i sold my coins at low price because i was badly need money, so when there are no way to sell with lower price. I was not enable to check timely about which coin update like good or bad news. I made mistake when i am going to make big profits.It's not good practice to use your investment for your personal needs, same thing will happen over and over if you did not prepare well, better to have extra or spare money for investment as trading is not as easy as many think it is, there's a lots of patience and sacrifices to encounter where the market trend will test you, if you don't have spare and in somehow emergency needs you to cash out your money, there's no choice but sell it in the market current value, and same with what you said most of the time the timing is not beneficial as you are in the red side and you need to sacrifice since emergency expenses is needed to address.
Trader needs to anticipate the possible expenses so it's a must that you have that spare to cover it and not to use your trading money as it will be dedicated for trade itself and nothing else.
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.
Trading needs patience, truly it's not a rich quick scheme but it can be profitable once the strategies work. it requires dedication and time to learn how to trade. Being impatient in the financial market is why most people fail to be profitable. Micheal Huddelstone once said if you fail to see the liquidity you might just be the liquidity. Big finance institutions mostly determine where and how the market directions go. critical thinking and understanding of technical analysis with conjunction of fundamental analysis will help people.
The key issue is being patient.
The key issue is being patient.
I have set for myself two reasons why people fail at trading.
1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.
1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.
Your not far from truth this your reason are reality, many venture into investment or business they have not carry out feasibility study , some never even see area of their specifications and Carrier if they are fit for trading or investing on what they go in which lead to some falling.
Based on my personal experience, I was also an unsuccessful trader several years ago. And the reason at that time was that I underestimated technical analysis. And secondly, I'm lazy about digging up the latest news and information. And the third is that I have no control over my own emotions in trading. and the fourth is that we use money that is not actually cold capital or we use money that we actually still need for our daily needs. And the last thing is that we don't yet know market habits.
Just my story is also similar with you. I lost trading for my lack of financial condition, a lot of times i sold my coins at low price because i was badly need money, so when there are no way to sell with lower price. I was not enable to check timely about which coin update like good or bad news. I made mistake when i am going to make big profits. 
Could be they got FOMO with the coin they have been waiting for a long time but they don't have the trust to enter of position or they make a mistake with their decisions throughout their process and are afraid to repeat the same mistake, people want to earn money but they don't want to risk their money. Experience and knowledge is the best ways to succeed in trading, of course still, there's a risk but you can lessen this with your experiences. I highly recommend having a trading plan so if you lose in your current position you can back track and also back to basic sometimes you learn a lot you exaggerate most of the things so you forget the proper executions of the basics.
I have set for myself two reasons why people fail at trading.
1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.
1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.
Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.
Another misconceptions some individuals have is that they can start trading without leaning how to trade first and when they have such beliefs that trading is easy and they u can use guessing to wim, it affect their trading results because they won't be making profits. Alot of people trading currently didn't learn how to trade and this is why they're failing. There's no person that learnt trading and keeps to the disciplined of trading properly that he was taught by his mentor and will be losing. If the strategy that you're using are current ones, you should be making profits often but when you didn't learn how to trade and what to profits, you'll failed. Trading also requires the right mindset and not every individual can develop the right mindset and trade with caution and not a rush to make money.
Well, having deep knowledge and a positive mindset is not the assurance for a trader to succeed, still possibly fail for some reason.
- emotional factor
- ineffective strategies
- attitude problem
That is why we won't be confident that we already have knowledge and know how it works. We still need to keep improving and enhancing our skills and strategies to fit the changing conditions of the market as well. If we want to succeed, we also need not be afraid to lose and of course, have patience.
- emotional factor
- ineffective strategies
- attitude problem
That is why we won't be confident that we already have knowledge and know how it works. We still need to keep improving and enhancing our skills and strategies to fit the changing conditions of the market as well. If we want to succeed, we also need not be afraid to lose and of course, have patience.
One important thing is to analyze the market first, don't just assume that if BTC will rise like before, others coin/token will also follow and fly. but, look at the current reality only fundamentals can do that and everything else gets messed up. quite a lot of people lost.
and yes intelligence and knowledge number 1 is needed no matter what. Our dominance can still be defeated by emotional factors as you wrote in point 1. And another thing is that dominant traders can at least see cheap prices and are willing to cut losses on coins that they previously bought high to take these low coins. once, twice and in the end it became a boom time in terms of estimated asset values which further decreased as time went by.
Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.
Well, having deep knowledge and a positive mindset is not the assurance for a trader to succeed, still possibly fail for some reason. - emotional factor
- ineffective strategies
- attitude problem
That is why we won't be confident that we already have knowledge and know how it works. We still need to keep improving and enhancing our skills and strategies to fit the changing conditions of the market as well. If we want to succeed, we also need not be afraid to lose and of course, have patience.
Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.
Everyone intention is to make money with a big or small so we don’t have to blame anyone going into Trading because they want to make money, that is why it is always advisable for someone to understand the meaning of of trading before going into it because if you don’t understand the meaning, then you have to endure the process of losing because it won’t be easy. You will feel so bad, but one thing about reading is you are getting more experience as you lose, but is not advisable for you to lose, but you lose your game more experience and knowledge strategy the process I want everything that should be in mind that they will definitely lose. Sometimes you will lose everything in your portfolio. It dependent on higher you enter the market and what happened, but never have intention. Because you are learning, OK let me also add this. It is always good, though set a spending limit of what you can get at the time or putting into trades. The truth is that we are learning every day the more you treat the more you learn more strategy you learn more process of trading. It is always good to continue trading if you want to be a professional never be scared of feeling because you definitely fail and trade again
One of the greatest things that new traders can do is focus to create a strong trading plan and sticking to it. This means establishing clear entry and exit methods, setting stop-loss orders, and managing risk successfully. It's also important to be controlled and not let feelings affect decisions. It can be helpful to keep a journal of your trading activities to monitor achievement as well as recognize any aspects that need improvement.
Most of the people think that by doing this set tat they will make their profit. Many fathers will get a lot of profit and they think it is very easy. But you will notice one thing well. Losing your entire money is the only risk if it is trading, so if you come to the platform or invest, you need to have a basic idea or a good idea. You will come and start making profit it is never possible bro money is not so cheap if you want to earn money you have to feed something in the beginning you eat loss or. There are many people who eat 70% loss in case you can trade profit again in future if your idea increases or if you can work professionally.
There are many who depend on their luck to give their father two or more profits but later most people.
There are many who depend on their luck to give their father two or more profits but later most people.
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.
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.
Newbies should master the art using Demo account and also before using real money for trading have a mentor or coach to direct you so as to reduce Lost, and enable mastery
I guess there's no mastery of skill in trading in my opinion its all experiences accumulated, using demo account will never sufficient and can hardly simulate the real adrenaline and anxiousness when you are trading with real money where it might heavily influences what you are going to do.but I guess its an alright way to know how the market work, but whats matter is I think emotion management and how to make wise decision financially where the decision is truly made with logic.
that can only be done when we are experienced enough as a trader and I think it requires some kind of extensive knowledge about the cryptocurrency.
knowing current news about project better then anyone else could also put us on the advantage than the other people.
but personally I never ever agree with having a mentor or a coach to direct the way we trades unless you can be 100% sure that you are having the right person to teach you.
there are many self proclaimed gurus out there about trading that actually earns from other people loss, like those that earns from refferal and so on, always be careful when picking someone to teach you as the may come out as someone that only taking advantage.
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