Why people mostly fail in trading - page 7.

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Quote from: 2Pizza410000BTC on February 02, 2024, 02:25:48 AM

Quote from: snowpega on January 20, 2024, 09:45:20 AM

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

There are many reasons why people mostly fail in trading.

Due to a lack of knowledge
They fell prey to FOMO
Don't have patience
They made impulsive decisions
They don't have good strategies for trading
they invest in shit projects
they don't know how to do TA and FA
They follow wrong signals from Groups

and many more, failing in trading depends on many factors

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

It is better for a person to trade with a lot of patience. Patience is the one who completely ignores him for a while and then sell it in profit. Also, he should have a great teacher for him so that he can learn from it. Teach and learn as well as trade on it and invest a small amount in the beginning Then slowly increase of your amount and then keep the profit from it on the side.

Don't have so much that you are busy in trading all the time. Trading is for long term and not at all for short term. Because I have had my experience in it.

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Quote from: snowpega on January 20, 2024, 09:45:20 AM

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

There are many reasons why people mostly fail in trading.

Due to a lack of knowledge
They fell prey to FOMO
Don't have patience
They made impulsive decisions
They don't have good strategies for trading
they invest in shit projects
they don't know how to do TA and FA
They follow wrong signals from Groups

and many more, failing in trading depends on many factors

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

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Quote from: Y3shot on January 26, 2024, 03:46:02 PM

People fail in trading because they think trading is all about having money to trade and with this profit can be made. Many people disregard knowledge when it comes to trading because they really want to be rich in trading .

Trading is indeed about money, but how we can make money from that is the bigger question. Being narrowed down to only profit making would lead to a trader who does not know when to buy or sell. Patience is important too, without which there will never be a trader. Knowledge is important too, but beyond one stage it is less important - since majority of the spot trading is just buy low and sell high - as long as that timing is proper, you are good.

Failing in trading has many reasons and these are few of the common ones. Be patient, do dummy trading, dont trade altcoins.

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Quote from: Y3shot on January 26, 2024, 03:46:02 PM

Quote from: |MINER| on January 25, 2024, 01:50:34 PM

Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

Yes you are correct. People fail in trading because they think trading is all about having money to trade and with this profit can be made. Many people disregard knowledge when it comes to trading because they really want to be rich in trading . Trading is all about understanding if people tries their best to get knowledge of trading it will be easy to gain success in trading. People should think of learning the gain knowledge to overcome failure in trading.

Not a place to shortcut, there's nothing like that you always need to understand and to enrich your knowledge in everything that you wanted to excel, trading is not a place where you can take quick profits, it's a venue of opportunities and if you are keen to learn you will use all the venue to understand the concepts.

Practice and always be aware of certain factors that will affects the market movement, if you know those things, you can prevent having big losses and might give you that insight to predict what might be the next market movements.

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Quote from: |MINER| on January 25, 2024, 01:50:34 PM

Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

Yes you are correct. People fail in trading because they think trading is all about having money to trade and with this profit can be made. Many people disregard knowledge when it comes to trading because they really want to be rich in trading . Trading is all about understanding if people tries their best to get knowledge of trading it will be easy to gain success in trading. People should think of learning the gain knowledge to overcome failure in trading.

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Quote from: |MINER| on January 25, 2024, 01:50:34 PM

Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

One of the things that could bring our end so quick is when we are too confident of the strategy we are using to make money from the market. We need to be flexible and able to do things in the way that will help us because a profitable trader.
Cryptocurrency is always available and it's not something we need to rush and start because that could finally become a disaster to us when we are not very careful of how to do things.

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Quote from: snowpega on January 26, 2024, 01:23:16 PM

As far as I know, why people fail in trading which varies on many factors:

Insufficient knowledge
Over trading behavior
greed
they do not have the patience
impulsive decisions
they don't Set Clear Objectives

and many more i would say if the person is a newbie and wants to start trading he/she should find some guidance from experienced people who have given a fair time in trading have have good knowledge about it.

they don't Set Clear Objectives

Aside from being impulsive or simply in speaking about having those emotional aspect then we do know that people dont really be able to set up those objectives or targets
and this is why they cant really be able to get a hold of themselves when it comes on sustaining a particular trade or trying out to build their career into this market.
Failures and mistakes is common but one thing which is important is that people should really be that knowing on how to make adjustments and would act
accordingly because if you dont then you would really be putting up yourself on such potential problem.

This is why you would really be needing to adjust and you would really be needing to be versatile on this space if you do want to sustain.

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As far as I know, why people fail in trading which varies on many factors:

Insufficient knowledge
Over trading behavior
greed
they do not have the patience
impulsive decisions
they don't Set Clear Objectives

and many more i would say if the person is a newbie and wants to start trading he/she should find some guidance from experienced people who have given a fair time in trading have have good knowledge about it.

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Quote from: |MINER| on January 25, 2024, 01:50:34 PM

Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

that seems to be the case for a lot of people. I also have several acquaintances who feel that trading is a quick way to get rich. Actually, this is not wrong, but they think that it can make a little money into a lot in 1 night. That happens because they see that trading is easy. Another factor is that they are too hasty in trading, greedy, and many other factors.

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Quote from: Maslate on January 24, 2024, 05:52:33 PM

Sometimes, being knowledgeable is not enough. I see some traders are losing not actually because they don’t know what they’re doing, yes they are knowledgeable but they lack the motivation and the patience to endure their initial losses in trading. The fact that trading has certainly its own inevitable losses, then traders should already be aware on that, but majority of the traders end up being upset every time they lose that some traders decide to quit from trading without even experiencing the fruit of their trading hardworks.

For those who have just started trading, of course they will experience losses from the trades they make and if they cannot be patient in the initial trading process they make, of course they will find it very difficult to get results from the trades they make, because they do not have the desire to learn from failure. the initial trading they did and they stopped with the failure they got.

Of course there will be losses that we will incur and they must be able to correct these losses by taking profits from other trades they make and they must continue to learn even though they have made profits from the trades they make.

those who continue to experience consecutive losses in their trading. it could be that they don't take lessons from previous losses. or indeed they don't have a good understanding of trading.
Those who continually fail at trading are not just beginners. those who have been trading for a long time also sometimes make such mistakes. Honestly, that doesn't stop beginners from wanting to continue trading. but the situation will increase the losses that will be received.

It seems that I would be more inclined to conclude that they could not or did not want to learn some of the mistakes they had made before that ultimately made them experience losses, of course in the world of trading we need to really be able to create changes in every journey, meaning that we must be able to take lessons or lessons from previous losses, if we have been able to identify the mistake then obviously it is likely that in the next step we will not be trapped or make the same mistakes that can make us end up with the same loss as before, but on the other hand not having the right understanding can also still be one of the causes and usually this situation is more often experienced by beginners who are really new to getting involved.

On the other hand, traders who have been involved in trading for a long time but are still dominated by losses, I think there are two possibilities that are the problem, namely as I mentioned above that they do not want to learn from mistakes and secondly maybe trading is not a suitable field for them, the point is that in the world of trading development is really needed for a change for the better.

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Quote from: Out of mind on January 22, 2024, 10:34:30 PM

Most of the newbies accept trading as a get-rich-quick scheme, but it is never actually possible and it is a completely wrong decision. When a person thinks of trading, he only thinks positive thoughts to get rich, but before he thinks of such thoughts, he must also think of negative thoughts. Trading is a risky venture where there is no possibility of losing money. When you go to the market for trading, it is certain that you will suffer losses due to the volatility of the market. Anytime your money can go down due to market volatility, you should not get emotional but hold on patiently. But I think investment is more profitable than training because if you invest for a long time it will get a good result in future, but this is not the case in trading.

It is very difficult to make a profit by trading but if you want to trade then you must know about the trade. You cannot start trading thinking that you will always gain from trading because trading will sometimes result in profit and sometimes you will have to face loss. If they trade without controlling themselves while trading, then they will never be able to make a profit. After seeing the market condition, they have to invest, but no matter which coins they invest in, they have to wait for a long time after investing.

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Quote from: el kaka22 on January 25, 2024, 11:09:02 AM

Most people jump into things that they do not understand, that's why. A friend of mine just lost 5 thousand dollars at margin trading, which makes no sense to me because he wasn't a person who traded margin before that, so why would you want to start something you are so newbie about and put up that much money?

The possibility of making 5k+ was also there, so he got greedy. So, people get greedy and do things that they should not do, which ends up resulting with them not making money and losing it all. There are few simple steps to not fail, one is do not do anything you are not well versed in, make sure that you know what you are doing, and secondly it would make sense if you do not risk more than you should know your limits as well.

A lot of traders these days are actually not profitable because some of them just follow the hype and believed that trading can make them rich instantly. While it can be true for those who are professional and highly skillful traders, but for those who trade without educating theirselves first, they will definitely end up losing not just their capital but the time and effort as well they put in trading. But eventually, when they start experiencing series of losses, that’s the time they’ll realize that trading is never easy but needs proper guidance and education for them not to lose in trading.

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It was not a surprise to see someone fail in trading or any job when you don't have any idea what is all about. Or even just say that we've done research and experience in Demo account, yet it was not the assurance for a successful trading carrier because it was not just all about knowledge, it also needs extraordinary skills and analytic capabilities which are hardly acquired.

In fact, even doing copy trading still a trader to fails due to personal differences in making decisions. It was for sure because that person is unlucky, it is possibly because of their emotions. I could say that trading is not an easy game, it is risky and difficult especially if we are a beginner and so we don't have to urge ourselves if we are not ready to face the consequences.

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Quote from: ShowOff on January 22, 2024, 04:25:15 PM

Quote from: aylabadia05 on January 22, 2024, 10:19:04 AM

All the points above seem to be common mistakes that most beginners make rather than experienced traders. The wrong mindset on trading will not protect them from losses, meaning they are likely to lose money instead of getting returns. There have been too many traders who have lost to be used as evidence or lessons, of course trading skills greatly influence the success or failure of a trader.

Apart from knowledge, honing skills is also necessary. There is no trader without losses, there is no successful person without ever failing, they have all experienced it. However, what makes them successful and better is that they continue to hone their skills and correct their mistakes. That is the most important thing that turns everything around for the better.

Just want to say additionally that the common mistakes that occur in most beginners in the field of trading can be changed to be more focused if the desire to learn to become more competent is carried out.
For beginners in the field of trading, it is very important for them to make trades that are easy for them, don't force them to make trades that are beyond their abilities.
From the existing types of trading, choose the one that is easiest to do. If leverage trading is difficult, don't go there but look and take the easy one.

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Most people fail in trading business cause alot started out without proper knowledge or mentorship .Most Newbie think it is a get rich soon business not realizing that it is not that simple .It takes a lot of effort for one to become a very professional trader ,Have come across a lot of people who have quit the trading game cause they can afford the losses most are only interested in the profits not the other way round.

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Quote from: |MINER| on January 25, 2024, 01:50:34 PM

Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

No one starts on being pro and no one starts on being knowledgeable on which it would really be just that normal that people would really be that prone to lots of mistakes specially on dealing up first time with something that they havent been able to encounter before. This is why it would really be that best that it would really be better that you should really be trying out to pursue on learning things if you are really that serious on learning things up because once you cant be able to do such thing then you would really be ending up on having that disaster. Failing isnt something that we can tell that it would really be over.
Failing is really just that normal yet these are indeed stepping stones for you to learn up something new and its up to you whether you would really be that continuing after some failure or would really be
totally quitting on which this is something that would really be that depending on you.

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Quote from: el kaka22 on January 25, 2024, 11:09:02 AM

Most people jump into things that they do not understand, that's why.

Then for him it is not trading. When you don't know what you are doing and still go at it, it is called gamble out of your luck.

Quote from: el kaka22 on January 25, 2024, 11:09:02 AM

A friend of mine just lost 5 thousand dollars at margin trading, which makes no sense to me because he wasn't a person who traded margin before that, so why would you want to start something you are so newbie about and put up that much money?

But I think he researched firsthand before going in, it is absurd to just put your money especially that amount of money without you knowing anything. I wanna know if how long did it take to lost that kind of amount Huh

Quote from: el kaka22 on January 25, 2024, 11:09:02 AM

The possibility of making 5k+ was also there, so he got greedy. So, people get greedy and do things that they should not do, which ends up resulting with them not making money and losing it all. There are few simple steps to not fail, one is do not do anything you are not well versed in, make sure that you know what you are doing, and secondly it would make sense if you do not risk more than you should know your limits as well.

Ohh, so he's actually a 'superman' type of guy who want to knockout everyone and get the 5 grand as soon as possible. As a friend, you should guide him and ask to read and learn more before diving into the market.

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Most people fail in trading due to lack of trading knowledge. Many people think of it as a get-rich-quick method, but trading is not like that. This is not a money making scheme. Trading multiple times hoping for more profit is also a cause of loss. Trading has to be done with patience. It takes a lot of time to learn. If you want to do trading, you need to learn market analysis. You have to trade skillfully in your own experience.

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Quote from: el kaka22 on January 25, 2024, 11:09:02 AM

Most people jump into things that they do not understand, that's why. A friend of mine just lost 5 thousand dollars at margin trading, which makes no sense to me because he wasn't a person who traded margin before that, so why would you want to start something you are so newbie about and put up that much money?

That's a huge amount of money and without that proper understanding regarding to the setup that you are dealing with, there's a big risk behind losing everything with the wrong system that you'll going to use. In terms of taking that big risk using huge amount of money, either
being greed or taking that mentality that by luck he will quickly earn and double or more the capital that he used.

Quote

The possibility of making 5k+ was also there, so he got greedy. So, people get greedy and do things that they should not do, which ends up resulting with them not making money and losing it all. There are few simple steps to not fail, one is do not do anything you are not well versed in, make sure that you know what you are doing, and secondly it would make sense if you do not risk more than you should know your limits as well.

With better understanding, yes, the possibilty can is surely present, knowing what you are playing or what asset you are supporting and how both support and resistance will play and work for your position, your trade may execute according to your plan., But again, if you don't have that knowledge you'll just frustrate yourself and failed with your investment.

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Most people want to rich quickly but it is wrong thinking. It is big causes for fail in trading. They want huge profit within short time as a result they fail in trading and lost his valuable fund. I marked some reasons for fail in trading.
Like-
* Lack of proper knowledge about trading.
* Greediness.
* Ambition to get rich easily.
* Lack of proper training.
* Small knowledge about token/coin/pair.
* Avoid market news.
* Restlessness in trading.

For all these reasons people could not get good profit/return from trading and fail in trading. If anyone learn from these reasons he will get good result from trading i think.

Topic: Why people mostly fail in trading - page 7. (Read 1542 times)