Why people run away from trading!!! | Bitcointalksearch.org

koang

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Quote from: HatakeKakashi on October 20, 2020, 09:04:25 AM

They have incomplete knowledge in the fields of trading so if they gonna experience a failure they left without fighting that is only a test.
I suggest also the newcomers once you invested make sure you are ready of what happens to your money because there is no assurance that your money will return or grow because we know the opposite of this is the losing of your funds that you put on the coins.

Yes, you are right. lack of knowledge in the field of trading and crypto is one of the mistakes that beginner traders often experience.
Everyone needs to realize that trading is not an easy job, trading is a serious job because it has a very large risk.
If you want to profit from trading, you have to be an expert.
Trading is a science of possibility but it is not gambling

Luck will only draw near to people who are experts in their field

HatakeKakashi

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They have incomplete knowledge in the fields of trading so if they gonna experience a failure they left without fighting that is only a test.
I suggest also the newcomers once you invested make sure you are ready of what happens to your money because there is no assurance that your money will return or grow because we know the opposite of this is the losing of your funds that you put on the coins.

Vicky agarwal

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cos they losing life savings in terms of low knowledge of market and fundamental and of they have then they also come in whales manipulations and wicks

CryptocurencyKing

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Quote from: sambuddha on October 18, 2020, 02:10:36 PM

Individuals that are disciplined very seldomly fall into the greed trap as they have some sort of plan and stick to it. Trading plans and trading journals are a great way to keep traders on the right path and not be tempted to enter trades that deviate from the plan.

This is one vital skills a lot of traders lack and it is one of the most important aspect of trading, every developing trader with a particular need of growing an account size is supposed to have. A definite trading pattern. You make your analysis on the market, establish your risk to profit ratio and take a position. If the market is going or not going according to your plan,you just live the market and look for another trade or just live trading for that day. Some traders have got yo know that, it's not everyday you trade. Trading everyday is just a show of indiscipline as it opens you up and makes you vulnerable to a lot of risk taking. I know trading is all about risk taking but not all risks are worth taking. That's why you've got to know risk management as well.

sambuddha

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Quote from: emmybd on October 05, 2020, 12:21:53 PM

Actually, the problem is the most traders want to earn quick profits, but things don't go that way most of the time and they ended up losing all their money and leave the market empty handed. Lack of knowledge and understand about market and a lack of patience have also led to their downfall. There are also crypto mafias who are making things difficult for newbies and inexperienced traders.

I agree with you. I would like to add that it is very dangerous for a trader to be greedy. Greed can be seen as the opposite of discipline. Individuals that are disciplined very seldomly fall into the greed trap as they have some sort of plan and stick to it. Trading plans and trading journals are a great way to keep traders on the right path and not be tempted to enter trades that deviate from the plan.

emmybd

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Actually, the problem is the most traders want to earn quick profits, but things don't go that way most of the time and they ended up losing all their money and leave the market empty handed. Lack of knowledge and understand about market and a lack of patience have also led to their downfall. There are also crypto mafias who are making things difficult for newbies and inexperienced traders.

spike420211

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Quote from: Shasha80 on July 06, 2020, 09:55:54 AM

Most people who give up trading usually have quite bad experiences, such as losing all of their capital. So these people decide to run away
from trading, and consider themselves not suitable for trading. Though are like that very wrong. Everyone has the same right to succeed
in trading. All we have to do is learn strategies about trading, and also increase trading experience. So you can succeed in trading, if successful
in trading, of course reduce the number of people who intend to run away from trading.

If everything was so simple, we could see not 5% of successful traders out of 100, but 50% at least.
Trading is a combination of understanding of mathematics, probability theory, various kinds of analyzes, market psychology, including psychology.

This is a whole world, a whole volume of knowledge necessary to understand how one of the most obscure structures in the world works, which also has a strong speculative fatcore.
How many people do you think are willing to go into all of this?

ReiMomo

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Quote from: Fredomago on September 26, 2020, 03:56:32 AM

~snip~
They stayed away after experiencing huge loses and call this venue as scam
place / business.

Lack of knowledge, they engaged trading because they want to profit or they just heard that trading is an easy way of earning profit most especially during the pandemic that most people are at home and looking for another source of income. After having experience of massive losses they will I guess stay away in the crypto business.

Even me, I didn't back in trading since the market going down and I have massive losses at that time and until now, I still prefer holding my bitcoin than trading on it which is a very risky part.

Fredomago

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Quote from: Bitlover10 on September 25, 2020, 03:29:10 AM

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

But in order for you not getting scammed is to do your proper research, never to buy when hypes is ongoing. Better to distance yourself as you are just prone of losing your money.

Many investors loses their money because of this wring treatment to this industry. unaware of it's volatility and forget to
remember that they just need to use money that they can spare to lose.

They stayed away after experiencing huge loses and call this venue as scam
place / business.

lienfaye

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Quote from: Krislaw on September 20, 2020, 04:05:07 PM

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

Yes it is one of the reason for a small time trader. High fees are a big deal specially if your income is not that huge.

But I think if you can make profit in trading then quitting should not be an option. We just need to balance everything our time, mindset and our patience. There's no shortcut to succeed so we need to follow the process, we can go there in the right time.

Janation

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Quote from: btc-facebook on September 25, 2020, 11:06:16 PM

Quote from: Bitlover10 on September 25, 2020, 03:29:10 AM

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

I totally disagree if you mean that exchanges like Binance manipulate market prices,
If a trader gets a loss, it is most likely due to the fault of a trader who does not understand trading such as risk management, exchanges like Binance have high and reliable liquidity, so it is impossible for Binance to cheat or manipulate prices.

Reading this I remembered a thread about this but not manipulating the price.

https://bitcointalksearch.org/topic/cryptocurrency-exchange-volume-more-fake-than-real-5123236

It is said that some exchanges are making some "market strategies" to fool traders that they had a huge volume. Obviously it is a way for them to be noticed since with a lot of exchanges, it is rough to compete. I guess with this people experience losses that could make their interest in trading go down. That is the reason why we should just trade on trusted ones and be careful with the new ones or the unpopular ones.

gabbie2010

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Quote from: Kamilaz on September 07, 2020, 09:45:49 AM

Quote from: dunfida on April 21, 2020, 05:29:52 PM

Quote from: Gafman on April 21, 2020, 04:49:26 PM

1. Lack Of Proper Trading Education

2. No Risk Management

3. Lack Of Patience

4. Having that mindset that trading is an easy money generator.
5. They set up goals basing on others positive outcomes
6. Emotion

Lots of experience or things that you should face on first before for you to able to learn.
It will vary on each person because not all would have the same effort on learning things up.

People tend to forget that experince has value that money can't buy. Investing your time to actually learn about crypto thoroughly is the right way to go

You can't buy experience with money, a lot of people are not ready to sit down to learn thus gain experience before trading, experienced traders will tell you the charting hours it took them to able to be profitable in trading coupled with other aspect of trading mentioned by the OP whereas newbies are all always having the impression of trading to earn a lot of money without the learning the rope of trading, personally I can't the count the number of hours spent on studying charting techniques having discarded most of those lagging and colourful indicators in bid to study trading with only charts and this has been yielding positive results.

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Quote from: Bitlover10 on September 25, 2020, 03:29:10 AM

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

I totally disagree if you mean that exchanges like Binance manipulate market prices,
If a trader gets a loss, it is most likely due to the fault of a trader who does not understand trading such as risk management, exchanges like Binance have high and reliable liquidity, so it is impossible for Binance to cheat or manipulate prices.

Serious475

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Now there are newbies want to trade too and some of them want to make it but the problem is they are going too make greedy because they want to earn quickly. This is the problem to the new coming trading right now they want to make a lot of money easily by just making a first trade.

There are two traders right now.

1. The one who is greedy beginner and doesn't have enough skills to make trade at their own and those are the dependent from the other members too.
2. The last is the good trader who is skilled and always make want to learn regarding with trading , and they are the one who is willing to become an independent trader.

jrrsparkles

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Quote from: Eureka_07 on September 25, 2020, 08:06:34 AM

I'm not well familiar on Ethereum, but does even the trading fees went high recently because of the hype on DeFi?
I thought it was only for the gAs which reached new ATH. Undecided

Nope, he messed up with trading fee and transaction fee that is why he said he can't be able to make profits but trading fees are based on commissions from total traded amount then there is no reason for it to get increase.

Eureka_07

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Quote from: Bitlover10 on September 25, 2020, 03:29:10 AM

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

Hey, please give some concrete evidences maybe some articles or photos that may support your claim.
I've heard that there are some history of pump and dumps that happened on binance, but I did not found any good proof about it.
I do know some exchanges that supports pump and dump scheme, I think everyone knows it already, but I won't say it coz we are not in the scam accusation board.
Pump and dump schemes on exchanges should be fully eradicated to protect investors from such fraud.

Quote from: atjiat on September 22, 2020, 11:29:26 AM

Quote from: jrrsparkles on September 22, 2020, 09:00:06 AM

Quote from: Krislaw on September 20, 2020, 04:05:07 PM

Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently.

I'm not well familiar on Ethereum, but does even the trading fees went high recently because of the hype on DeFi?
I thought it was only for the gAs which reached new ATH. Undecided

Bitlover10

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People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

jrrsparkles

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Quote from: atjiat on September 22, 2020, 11:29:26 AM

Quote from: jrrsparkles on September 22, 2020, 09:00:06 AM

Quote from: Krislaw on September 20, 2020, 04:05:07 PM

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.

Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently. I cannot afford to use small amounts of funds for trading, as well as more valuable cryptocurrency, for which I have other views on their benefits for me, which will come from long-term storage of these coins.

You no need to pay any other fees other than the trading commission while you are trading, you only need to pay withdrawal fee which is high at the moment at the time of withdrawal.Since you already knew the fees are high then why you are withdrawing just hold the profits in the exchange itself or just convert them into another coin and withdraw for much cheaper fee.

atjiat

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Quote from: jrrsparkles on September 22, 2020, 09:00:06 AM

Quote from: Krislaw on September 20, 2020, 04:05:07 PM

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.

Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently. I cannot afford to use small amounts of funds for trading, as well as more valuable cryptocurrency, for which I have other views on their benefits for me, which will come from long-term storage of these coins.

jrrsparkles

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Quote from: Krislaw on September 20, 2020, 04:05:07 PM

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.

Topic: Why people run away from trading!!! (Read 3140 times)