Why people run away from trading!!! - page 11.

bitgoldpanther1978

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Quote from: rathaha10 on April 22, 2020, 02:58:36 AM

Quote from: Gafman on April 21, 2020, 05:49:26 PM

Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.

To be honest, trading cryptocurrency is not as easy as it seems especially when the market is not bullish. I admit the fact that proper understanding of the market, proper risk management and patience are the fundamental basics to profitable trading however, they can take you just for far after that all you've is uptimism as the whole cryptocurrency is volatile and to certain extent unpredictable.

Yes I agreed on you to that matter, trading needs time to spend with. We need to start with the basic idea about it.
Perhaps, one of the tools that can give us a knowledge is watching tutorial about crypto trading in youtube, Reading in different
forum such as altcointalks, cryptotalk, bitcoingraden and more something like that.

chmod755

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Quote from: Gafman on April 21, 2020, 05:49:26 PM

Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.

Trading is complicated and requires time, you can't do trade if you don't have available time to learn and sit for hours checking the patterns and price movements, for me, this is the reason why most of the people run away of it, trading is not so easy like just buying and holding a coin you need to focus to learn and use your time to get profits and I did not even mention the mental state, some people keep an eye on the market all day long and not even sleep well, need to be strong.

Quidat

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Quote from: wxxyrqa on May 21, 2020, 12:55:07 PM

Quote from: gabbie2010 on May 20, 2020, 05:45:48 PM

A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.

I believe that all traders in the cryptocurrency market are aware of the risk, because the cryptocurrency market has the same difficulties as the stock market. This is not a vegetable trade in the city market. a sane person, before starting to trade, in any case must be trained in this activity. I believe that many traders, especially beginners, cannot really evaluate their chances and opportunities. therefore, the results of their actions are setbacks and great losses.

Setbacks and losses are part of the learning process and even old traders would really experience the same.
They do only differ on how to make up decisions depending into their analysis but we do start up from nothing
thats why its just fine if we do commit up mistakes but be sure to enhance yourself out of it.
Trading is risky and would really be like gambling if you dont know on what you are doing but somehow
we do need to experience before we can grasp anything but there are people who do really easily give up
and turn their backs when they experienced wreck and look for other things that would look easy to them.

lillobo

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There are many trader in crypto market so they are trading in exchange in a good profit from trader is classified or flagged as a pattern day trader they attract in freeze on the account. Traders need to maintain a minimum balance of high amount on their account at all times when using a margin account. This also leads to an increase in risk on the trader's side.

wxxyrqa

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Quote from: gabbie2010 on May 20, 2020, 05:45:48 PM

A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.

I believe that all traders in the cryptocurrency market are aware of the risk, because the cryptocurrency market has the same difficulties as the stock market. This is not a vegetable trade in the city market. a sane person, before starting to trade, in any case must be trained in this activity. I believe that many traders, especially beginners, cannot really evaluate their chances and opportunities. therefore, the results of their actions are setbacks and great losses.

milewilda

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Quote from: suzanne5223 on May 20, 2020, 06:00:57 PM

Crypto trading is somehow similar to gambling and in other to be profitable ones must understand the perfect time to evacuate until the time is right to continue trading.

Going for that perfect time would really somewhat mixed up with luck but having some experience and do know how to read up technical aspect
would have that much better chance to make profits compared to those people who do just set in into the market without any basis or
analysis.Perfect time isnt possible since we do keep speculating on what is the bottom or whats the peak.

Quote from: trickys on May 20, 2020, 05:23:59 PM

3. Lack Of Patience - this is so true. I've seen so many people who are eager to trade just for the sake of trading. So it becomes gambling and thus they lose.

We are just humans.Therefore having this kind of behavior is just normal but to sustain up for this speculative and unpredictable market
then you would really need to have a good control of your emotion or else it would really be just a big problem for you into this kind of career.

Quote from: gabbie2010 on May 20, 2020, 05:45:48 PM

A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.

Having a demo is good before going to the real thing but i would say that they should really be prepared because even if they are profitable on demo
trading that doesnt mean that they would go the same when the actual action do happens.

suzanne5223

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Crypto trading is somehow similar to gambling and in other to be profitable ones must understand the perfect time to evacuate until the time is right to continue trading.

Quote from: gabbie2010 on May 20, 2020, 05:45:48 PM

Quote from: gantez on May 20, 2020, 04:21:13 PM

Quote from: shadowdio on May 19, 2020, 12:05:18 PM

it is not easy to make money in trading but if you like to be successful with it then you should not give up.

In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. Grin

A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.

Alot of newbies lack knowledge about crypto trading but demo trading either cant be used to judge newbies profit level when money is involved.

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Quote from: gantez on May 20, 2020, 04:21:13 PM

Quote from: shadowdio on May 19, 2020, 12:05:18 PM

it is not easy to make money in trading but if you like to be successful with it then you should not give up.

In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. Grin

A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.

trickys

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3. Lack Of Patience - this is so true. I've seen so many people who are eager to trade just for the sake of trading. So it becomes gambling and thus they lose.

gantez

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Quote from: shadowdio on May 19, 2020, 12:05:18 PM

it is not easy to make money in trading but if you like to be successful with it then you should not give up.

In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. Grin

peter0425

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Quote from: XCANA on May 19, 2020, 02:13:35 PM

Trading is different from investment in cryptocurrency, when trading you shouldn't put forward emotions because with this the chances of the trader to be successful during the trade is not possible. Though, many take the buy low and sell high as a trade but for me, no, trading is different from this approach. As a trader, you must be aware of the usage of trade technical analysis which without trade is impossible for success. This is one of the reasons why many ran and others still run from trade.

So in the end still Holding is the best way to gain profits here in crypto?

telling about learning TA is one of the hardest thing to do because not all people here knows hows this work and even if they try yet not enough to learn.

actually people run away from trading is their own mistake for just buying currencies they don't even know the purpose or the value and in the end will dumped the price.

XCANA

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Trading is different from investment in cryptocurrency, when trading you shouldn't put forward emotions because with this the chances of the trader to be successful during the trade is not possible. Though, many take the buy low and sell high as a trade but for me, no, trading is different from this approach. As a trader, you must be aware of the usage of trade technical analysis which without trade is impossible for success. This is one of the reasons why many ran and others still run from trade.

Festac

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The problem of traders starts from within them, lack of patience, greed etc but why can't we just support both side? We have bear market and bull market right? If you can stay between both we will make profits from both, for example, buy bitcoin and hold, buy Usdt and hold, if bear took over then use the usdt, you will get more bitcoins

shadowdio

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Zawardo

when I was a newbie I always losing money in trading because of lack of patience, can't wait to make profit and I'm afraid of losing money, like when the price gets down I sold right away without patient to hold the coin, in the end the price bounced back. I regretted but lesson learned for me. Well I agree those 3 reason why people are quitting in trading, it is not easy to make money in trading but if you like to be successful with it then you should not give up.

timmmers

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All of them are doing same mistake, they think that it is pretty easy, like betting on sports, but it is not the same. A trader is earning mainly because he reduces the risk and tries to maximalize the number of successful trades. Thats all, one trade will not make you rich. Cheesy

culuuton

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Quote from: milandres0207 on May 18, 2020, 11:44:44 PM

Quote from: Gafman on April 21, 2020, 05:49:26 PM

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain a few reasons why I think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said, " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so-called (money multiplier groups).

2. No Risk Management
I am a victim of "No Risk Management". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have proper risk management regardless of your analysis of the market. I personally enter a position with a 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as I mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you to change the pairs you trade.

Additional information and advice would be appreciated. Thank You, Stay Home, Stay Safe.

They are giving up because lack of knowledge that's the number one things, without it we cannot succeed in trading.
Then, it will followed by your tips in this thread section. As a trader, we need to be wise at all cost and We also need to become
a risk-taker as well.

Additional information, we need more courage and assertiveness. Many people run away from trading with regret, if they are determined to hold, buy or sell BTC, they will become rich, etc,...However, everything is impossible "if", we have to accept and don't give up.

milandres0207

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Quote from: Gafman on April 21, 2020, 05:49:26 PM

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain a few reasons why I think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said, " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so-called (money multiplier groups).

2. No Risk Management
I am a victim of "No Risk Management". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have proper risk management regardless of your analysis of the market. I personally enter a position with a 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as I mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you to change the pairs you trade.

Additional information and advice would be appreciated. Thank You, Stay Home, Stay Safe.

They are giving up because lack of knowledge that's the number one things, without it we cannot succeed in trading.
Then, it will followed by your tips in this thread section. As a trader, we need to be wise at all cost and We also need to become
a risk-taker as well.

Finestream

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Quote from: Harriti on May 18, 2020, 08:17:24 AM

I just find this trading really hard and it's not for many people. I once knew a friend who was pretty good at trading and he had quite a deep knowledge of trading. but he always thought this was a boring job and he gambled every day!
it's not a matter of your knowledge, it's also about the rules of the house. The dealer always does everything to make it most profitable and when the traders ignore it, it will regain all their profits! so I just like to invest in the long term, don't spend too much on this boring work.

Your friend was wrong, it was really boring if he is not putting his passion in trading, it's not like gambling where you can enjoy since gambling's purpose is to get gamblers entertain while trading is a serious job or considered as one if you are into making serious money or to be profitable here.

If he like to make money money, he should get it from trading and spend some in gambling if he like to have fun as well.

That's the right formula, sometimes we need to sacrifice to get money since not everything in this world is easy.

Harriti

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I just find this trading really hard and it's not for many people. I once knew a friend who was pretty good at trading and he had quite a deep knowledge of trading. but he always thought this was a boring job and he gambled every day!
it's not a matter of your knowledge, it's also about the rules of the house. The dealer always does everything to make it most profitable and when the traders ignore it, it will regain all their profits! so I just like to invest in the long term, don't spend too much on this boring work.

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Quote from: Eugenar on May 17, 2020, 02:16:32 AM

I am also a person who is running away from trading, I tried trading before and I lost my 0.01 BTC so I didn't try it again because upon trading I realized that it is like gambling because we are taking a risk of our money, without knowing that we could win the prize or the reward. I don't have enough knowledge about trading so I stopped it, I didn't tried to gain some knowledge or skills about it because of being disappointed in what I have lost because that money is really important for me because I I really need it before then it has gone because of trading, I tried it because of thinking that I can earn more money but I was wrong because it's not just easy as what I think.

reasonable if like that. I might also be one of the people who can't last long in trading. however, I assume that the risk is so great. although I often try to go back, but the changing situation makes beginners traders like me quite confused.

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