Topic: Why people mostly fail in trading - page 6. (Read 1542 times)

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Op had already listed many of the reasons why people end up losing in trading. It is good when we know what we want and how to get it without much difficulty or over thinking. The market is an open place for us to make money or lose money depending on our intellectual in trading. We might have the plan to make money in trade at the initial time then start seeing loses consecutively.
Sometimes we can't control what outcome we can get from the Crypto market.

That is very true, they see people do crazy 100x leverage trading and make a lot of money from nothing and share it on instagram or tiktok, and they try to mimic the same thing and end up failing. It's quite clear that we are talking about something that is very rare, but when tens of thousands of people do it, every single day, it's only natural that you will see thousands of them every week.

This brainwashes some newbies that they are capable of making that much money with trading, and they should join, which only results with them not making that type of income at all. I believe that we are going to end up with a greater return eventually, we just need to accept the fact that it will take a while before we could get there.

doing trading while still blind (not having any knowledge at all) has been done by many beginner traders so far, they are trapped by words of encouragement from out there that trading is an easy thing, but when they try it, they just realize that trading is not. as easy as they can imagine, the combination of skill, capital, and accuracy in decision-making is an important combination that gives a trader a high chance of making a profit.

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

You are absolutely right to be a good trader we must have detailed knowledge and experience about trades so we need to be very patient to do our trades. One can never become a good trader without patience and experience. There are many new members who are not experienced about trading or even don't know the details about trading yet they suddenly buy a coin and start trading and expect huge profit from it.
Yes it is also a good idea because when we learn about trading from new situation if we start trading with small amount of money and do it regularly then we can get good profit sometime.

If you arent really that serious on learning trading or really that have the passion and dedication about on acquiring such skill or not really have that kind of targets or goals on learning trading.
Failures? It is really just that normal but if you arent that serious when it comes on learning these things then you would really be just that making yourself that quitting directly or easily towards trading.
You wont really be caring up that much when it comes to recovery and learning and just quit up directly just because you are really that expecting something positive but it turns out that outcomes or results
did really go into the opposite side. This is why it would really be that best that when you do face up some problems or challenges then you should really be that able to adapt.

You wont really be able to make yourself that better if you are really that just easily give up on things on where you are really that expecting something
but cant be possible when you are slapped with the reality.

As a newbie, if you develop feelings of getting rich quick, know that you are setting yourself up for failure because that is a bad habit of a trader. It is good to have proper knowledge about trading because social media influencers will deceive you on their videos on how they become rich quickly but will never tell you the negative part of it. As a trader, the best plan to follow is to do your own research on the way in which the market will favor you. A good trader is always one who learns well, and you have to develop patience because there is never a 100% guarantee that you will always make profit from trading, instead, you will either lose or gain because trading it's not an easy way to make money, it requires knowledge and thorough research.

But unfortunately more give up and quit trading than those who don't and learn from the experience. Learning from experience is hard enough to do because emotional baggage is the most stressful. But when we successfully learn from experience then we will never forget the insights we gained from the experience. And those who manage to become professional traders are those who have successfully passed this phase. That is, they learn from experience. They make observations and evaluations of their own trades and learn to correct the mistakes that still exist in the trades they have undergone and perfect them. So many Pro Traders are even able to create their own trading indicators from the results of their research.

Majority of the traders do not come out successful and profitable but losing and frustrating. That’s the reality in trading. But the only difference is that some have managed to learned from their losses and aims to improve their trading skills and strategies, while others end up quitting because they cannot take the pressure anymore, and to cut loss from having consistent losses while trading.

In fact, those who first start trading thinking that they are very knowledgeable and experienced, then when they suffer a lot in trading, they must accept that trading is not an easy way to earn. I have seen many traders who commit themselves to fast trading without having any experience in trading and thus they end up hurting themselves very quickly so a trader should always follow the trading strategy and trade on the trading platform. One should never trade with little experience. But first and foremost in trading strategy is analyzing market conditions, avoiding excessive greed, and being patient during times of danger. Even if a trader has few qualities then he can get some success from trading.

Sure all strategies should be learned, accepted and use on an accurate timing, some people think that they learned all the things and dive directly into trading but they forget that crypto trading is not an Easy field lots of years are required to learn and get experience.

Most of the time people choose the platform which boost in price at once so they put huge sum without realizing its reality because they are not familiar with the fact that every huge price coin does not perform better during Bull season.

They don't think with their active mind but follows others ideas and make their own ideas with emotions in which there is no knowledge involved so they loss all their amount and and they says that trading is not good option for earning but I think they should realize their own mistakes without blaming the field

Most people who fail in crypto trading have a lot of factors to break down, but one thing that is certain is that they are not prepared for the level of volatility of the crypto market itself. I have an acquaintance who mastered basic analyses in crypto such as technical, fundamental and sentimental. But he is bad at emotional management. And as a result he has more loss ratios than profits. Even though his analyses are actually always quite good. But unfortunately he is a person who panics quickly and sometimes he goes out of his own plan. And well he is the type who is not ready to face the volatility of the crypto market which does require a high mentality or courage if you want to survive in crypto trading. Another important thing that traders must have is risk management. So that he continues to be at a safe point and can avoid bankruptcy. Each type of trading has different risk management. Like Spot and Future I have risk settings that I distinguish between the two.

Most of them experience losses in trading because many people think trading is easy and even underestimate their knowledge about trading or even think they have mastered everything about trading properly. Even though it is true as you said, trading is something very complicated and all strategies cannot be applied to everyone because it all depends on our suitability for the strategy. Maybe lastly, every time you trade, keep learning, even pro traders never stop learning about trading and use failure in trading as an experience so you don't repeat the same mistakes.

Greed is the root of all failure in trading, no matter how good the trader strategy we use, if there is greed then our trading will not be successful, greed is also related to emotions.

Yes, knowledge related to projects or trading can indeed be mastered by beginners. but experience in trading must be had with many trades carried out. it will not be easy for novice traders to become comfortable in creating a trading plan. they will certainly encounter problems and obstacles in their business. Relying on signals is not a solution, but when beginners have more knowledge, they can use signals as a source in making their analysis. and that will be quite helpful I'm sure.

Unless and until you are an experienced trader, there is no way that we can be safe from these precautions. The newbie trader will have less knowledge and even if they gain enough knowledge about the project, they may not be able to control their emotions.
Newbie traders will believe in the signals groups and that is another cause of their failure in trading.

We think that making money from the financial markets is easy while it is the most difficult thing. More people would lose in trading as compared to their winnings.

Totally that hard because if it was really just that easy then everyone would really be that profitable or making money or successful into this field but we do know that there would really be those people who do fail and commit out mistakes just because they have failed on doing even just with the basics. Trading is never been simple and trading is not for everyone but doesnt mean that you wont really be trying out to deal with it.
Greed is something that always a part of human being. Who doesnt really love money? Who doesnt really love on making profits? Of course and on the time that we do see those opportunity or doors of chances to
acquire such thing then we wont really be that tending to let it slip and would really be that diving in whether you do make yourself get prepared or not.

People would really be only making out those kind of realizations when they are on a tough situation or something on a condition which is hard and losing their money
but on the time that they are just that still fine then they wont really be caring at all.

It's simple to say to not become greedy but it's hard in reality that's why most traders fail because they forget to take profit. Most of the people I met people who choose crypto because they want to get quick profit, we should remind them that crypto is not a quick profit scheme but it's a place where your patience, your greed, and your analysis are tested.

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading.

Patience is a key factor as together with your knowledge you can extend your wait if its needed, though aside from patience you also need to have the kind of knowledge that will help you to assess the situation, there are always ups and downs during your trade and with the right sets of information you can maximize the use of your patience and manage to use it for your advantages.

Keep in mind that with the right understanding you'll be able to manifest the right strategy to keep your trade profitable, just keep learning and keep your desire to understand more with the venue that you choose to succeed.

In my trading experience, people mostly fail due to a lack of preparation and bad trading psychology. Now, let me break it down a bit, the lack of preparation could be the inability of the trader to be able to secure a viable trading strategy and management that will help such to in turn build a good trading system. In the absence of this, there is nothing you are doing in trading that can ever be successful because you never had that good direction finder (signal) and the account protector (management) which are the main things important in the market for any traders trying to find their firm feet in the market.

The second part is psychology, if this is wrong, no matter how good your trading system and plans are, they will always fail you in this situation. I am a living witness to this and it affected me for many years despite having a time-tested trading system yet, I failed in trading for too long simply because of bad trading psychology. However, this trading psychology is in categories, one might be your case while another might be the case of others. Just like you might not be greedy, but you are just too anxious, and this anxiety is an issue in trading. To some, it is fear of the unknown, to others, it is curiosity and the love of their money. If the money is too precious to you or it is such that you can't afford to lose, it is a serious issue. This is why I urge every trader to be self-disciplined when trading, you should do what you plan to do and shun any temptation whatsoever.