Why people run away from trading!!! - page 12.

kapalmabur

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Quote from: virasog on May 17, 2020, 07:36:22 AM

Quote from: schuriken on May 16, 2020, 10:55:20 AM

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 some 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 multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". 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 a proper risk management regardless of your analysis of the market. I personally enter a position with 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 changing the pairs you trade.

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

well ,being good in anything need knowledge and experience think who ever join trading world must give time to learn it and to loss and get experience after time maybe 2/3 years repeating that he will grow and start to see clearly how to make profit.IT TAKES TIME.

People come in trading with a hope that they will make big money easily. When they start trading, they experience the loss and therefore they become disappointed and leave trading. The reason is that they did not learn the trading properly. If you come in any field to make money, you should first fully learn it if you want to be successful.

I admit that it is indeed difficult to trade when volatile prices are high, and crypto currencies are famous for that reason,
when trading our enemy is lust, if you can't hold it then you lose

South Park

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Quote from: Subbir on May 13, 2020, 11:17:06 AM

You are right to mention that folks run faraway from trade once they lose and lose during a trade But it's foolish to lose and run away If we will trade properly then we will make tons of profit by trading a day Therefore it's necessary to correct the error without deed and learn better and reduce the quantity of injury. Trade small amounts a day and check out to practice the charts well Trade-in green light water the number of losses are often easily recovered here to form the crypto market trade far better than the other site.

No one that is making profits out of his trading activities is going to run away from it, the ones that do it are losing a lot of money and while it is possible they could improve with training and by studying a lot of books about the subject we must recognize that trading is not for everyone, very few people can deal with the difficulties that come from trading and if after they try it they find out that they have no talent for it then they are justified on giving up on trading.

virasog

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Quote from: schuriken on May 16, 2020, 10:55:20 AM

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 some 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 multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". 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 a proper risk management regardless of your analysis of the market. I personally enter a position with 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 changing the pairs you trade.

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

well ,being good in anything need knowledge and experience think who ever join trading world must give time to learn it and to loss and get experience after time maybe 2/3 years repeating that he will grow and start to see clearly how to make profit.IT TAKES TIME.

People come in trading with a hope that they will make big money easily. When they start trading, they experience the loss and therefore they become disappointed and leave trading. The reason is that they did not learn the trading properly. If you come in any field to make money, you should first fully learn it if you want to be successful.

carlisle1

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Quote from: cosmofly on May 17, 2020, 12:43:57 AM

I think the majority will out of trading due to the house rules. most people lose because of their rules, the leverage fee is quite high and sometimes your order has hit the Target profit but it is not triggered, even there will be very high spreads and make the range Your loss will increase by 10-15%. I really hate this and that's why I am out of day trading. Now I only focus on analyzing the price of bitcoin to buy at low prices and hold for a long time.

Depend in which exchange you are using but in other points i believe you are right because the rules are not traders friendly and more on the leverages .

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.

that's a small amount to be frustrated mate imagine you only lose 0.01 when others losses more than a bitcoin but yet trying their best to make profit.

Quote from: Dr.Osh on May 17, 2020, 01:34:52 AM

Quote from: Danslip on May 16, 2020, 05:33:08 PM

Everyone has a different risk tolerance and risk understanding, some traders love to take risk for doubling their budget less than week in short term swings. Some traders look for 10% annual profit per year. The first category traders usually fail and give up about trading especially if the market is more volatile.

you are right. sometimes too high expectations can make a person depressed and leave what they are doing. This happens to traders who target high profits and are willing to take large risks. it makes them despair when things don't go according to plan. Well, the only survivors can take advantage of the situation.

that is why we must not greed in trading because this will lead us to losing more than what winning we are expecting .

Bezobraznike

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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.

Eugenar I am staying away from trading too, but I like to read about trading, I watch videos about trading,
it's very interesting to read some traders blogs and how they trade and about their trading strategies. But I
don't think about trying trading, I feel so insecure when I try to think about what can happen with the price
tomorrow, will it go up or down.
It's why I invest in long-term! If one day some coin bring me huge profit, I will think about trying trading
and risking, but until then I will not trade.

Eugenar

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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.

Dr.Osh

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Quote from: Danslip on May 16, 2020, 05:33:08 PM

Everyone has a different risk tolerance and risk understanding, some traders love to take risk for doubling their budget less than week in short term swings. Some traders look for 10% annual profit per year. The first category traders usually fail and give up about trading especially if the market is more volatile.

you are right. sometimes too high expectations can make a person depressed and leave what they are doing. This happens to traders who target high profits and are willing to take large risks. it makes them despair when things don't go according to plan. Well, the only survivors can take advantage of the situation.

cosmofly

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I think the majority will out of trading due to the house rules. most people lose because of their rules, the leverage fee is quite high and sometimes your order has hit the Target profit but it is not triggered, even there will be very high spreads and make the range Your loss will increase by 10-15%. I really hate this and that's why I am out of day trading. Now I only focus on analyzing the price of bitcoin to buy at low prices and hold for a long time.

rodskee

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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 some 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 multipler groups).

Among the 3 given reason this is the Mostly happened in trading
because of people jumping to Trade here just
because they are being told that if you invest now while market is
lowering the next day it will grow and what if
the price continue to fall?they will just withdraw and then Blame
the market?misleading is part of being lack in
knowledge here thats why if we are really concern to our friend
and family,please don't tell them lies instead
tell them how risky this market is and if they put money there is
no assurance of profiting if they cannot wait
for much longer time,in this way at least they are ready in what
will come soon.

kceekcee

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You have stated very good reasons why people avoid trading, but you seem to have left out the most important, which is fear.
Most people avoid trading due to the fear of losing out their funds, and even though it seem enough reasons, it despicts the fear of failure.

That is, before you can be a trader, you must be open to failing on trades, but aim to make more profits. than the loss

Findingnemo

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Quote from: Danslip on May 16, 2020, 05:33:08 PM

Quote from: Findingnemo on May 16, 2020, 04:31:24 PM

When people keep losing more money which is not affordable for them to lose then they will run away from their trading its not bad though if they realize that before losing all of their money.But when someone keep making profits and losing at the same time due to lot of factors then they should follow different strategies like money management, increase their trading skill will help them to reduce the losses and will make them to be in profits overall.

Everyone has a different risk tolerance and risk understanding, some traders love to take risk for doubling their budget less than week in short term swings. Some traders look for 10% annual profit per year. The first category traders usually fail and give up about trading especially if the market is more volatile.

Even aiming for 10% overall profit for a month is okay but expecting doubling in a month or in days will result into getting rekt so just take risks only if the goal is reachable or better don't take any risk, just go with holding bitcoin for years which will give same amount of profits with less to no efforts.

Danslip

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Quote from: Findingnemo on May 16, 2020, 04:31:24 PM

When people keep losing more money which is not affordable for them to lose then they will run away from their trading its not bad though if they realize that before losing all of their money.But when someone keep making profits and losing at the same time due to lot of factors then they should follow different strategies like money management, increase their trading skill will help them to reduce the losses and will make them to be in profits overall.

Everyone has a different risk tolerance and risk understanding, some traders love to take risk for doubling their budget less than week in short term swings. Some traders look for 10% annual profit per year. The first category traders usually fail and give up about trading especially if the market is more volatile.

Findingnemo

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Bitcoin = Financial freedom

When people keep losing more money which is not affordable for them to lose then they will run away from their trading its not bad though if they realize that before losing all of their money.But when someone keep making profits and losing at the same time due to lot of factors then they should follow different strategies like money management, increase their trading skill will help them to reduce the losses and will make them to be in profits overall.

bitbunnny

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Everything that you said is true, knowledge, risk management and patience are equaly important when it comes to trading. However, not all traders are aware of that and trading is not for everyone. It's much more harder and demanding as it might seem at first glance.
Some had bad experiences, some accumulated too much loss, some can't handle stress so there are different reasons why people quit trading. If teading was easy then everyone would make money that way.

schuriken

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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 some 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 multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". 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 a proper risk management regardless of your analysis of the market. I personally enter a position with 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 changing the pairs you trade.

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

well ,being good in anything need knowledge and experience think who ever join trading world must give time to learn it and to loss and get experience after time maybe 2/3 years repeating that he will grow and start to see clearly how to make profit.IT TAKES TIME.

CaVO32

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Quote from: Finestream on May 15, 2020, 09:16:57 AM

Quote from: desticy on May 14, 2020, 07:40:02 AM

Many experienced traders tell their success stories that began with a few complete loss of deposit. Those who survived these crises became successful over time.

Because they are not giving up, they go with their goal and they learn from their mistakes to survive until they become successful.

Also, the mindset is very important, if as a trader you think that it's easy to make money here though you haven't proven anything you, you'll likely lose and regret in the end if you will not learn and change that mindset.

Thing is, some traders only look at the result, when they see a trader who are successful, they tend to follow what a trader is doing and expecting easy money so they never succeed because there is no short cut of process for a traders to go with his journey, it always start from the very beginning and slowly you'll improve until you become consistent.

that is actually the mistake here, most new crypto traders are thinking that trading in crypto is like digging gold but it's not. so if they experienced loss even one time, they will run away and will say bad things towards crypto even if they haven't fully understand the true nature of it. but for those who persevere, they will gain a lot of strategies, and later on, their effort will be paid off. because in any trading, you should have patience, learn the trade, know the market, learn TAs that will possibly guide you for an in depth analysis of what's going on and also, don't forget to read the news, sometimes you can get information that are valuable and will help you understand the sudden dips or pumps..

Finestream

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Quote from: desticy on May 14, 2020, 07:40:02 AM

Many experienced traders tell their success stories that began with a few complete loss of deposit. Those who survived these crises became successful over time.

Because they are not giving up, they go with their goal and they learn from their mistakes to survive until they become successful.

Also, the mindset is very important, if as a trader you think that it's easy to make money here though you haven't proven anything you, you'll likely lose and regret in the end if you will not learn and change that mindset.

Thing is, some traders only look at the result, when they see a trader who are successful, they tend to follow what a trader is doing and expecting easy money so they never succeed because there is no short cut of process for a traders to go with his journey, it always start from the very beginning and slowly you'll improve until you become consistent.

famososMuertos

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And why not!

That it is wrong for people to flee to commerce, which you see as normal or practical does not mean that it has to be for everyone.

The really strange thing would be that everyone adopted e-commerce quickly, organically it is not for everyone.

Those of us who have the opportunity to see ourselves involved with other types of Fiat currencies see this type of transaction as normal, but in the practical reality of people's lives, it is not So.

People do not like active participation in the "investment" they like to earn money as a result of putting their money in any kind of asset. But they don't like the process.

The process of trading is perceived to be absolutely easy and accessible to all, the action of buying and selling does not generally require any special restrictions other than money.

That is the perception, but in reality that process is very complex and when people realize that it is not a simple purchase and sale, they prefer not to continue and of that group those who stay adopt the hodl for condition.

CarnagexD

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Today there are a lot of people making more money with the use of trading because they are already skilled and know the possible outcome and the possibility of the coin to make a good market profit or outcome. Still, there are some people would like not to want to make trading because first some of them are already a trader and get traumatized because they lose already a lot of money in trading and some of them don't want really go into the world of trading and don't want to take any risk which they highly prefer. Some of the common mistakes of the trader for me and base on my experience too is having lack of confidence and does not take time to wait because some of them are afraid losing their funds which is not good you considering your self to deep dive into the world of trading and crypto if there is money involved it is already full of risk and you can not make a mistake because there is a consequence you will lose your funds trading is all or nothing and it depends on you how it will run.

Also, you want you can reduce the leverage of your trading but still you cannot make an escape to the liquidity of the market trading but still knowledge is the most powerful thing we may have.

desticy

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First of all, trading is a huge nervous tension with which not everyone can cope both in the short and long term.
This is primarily due to the fact that people use their savings for trading without following any rules, which leads to severe frustrations in case of losses.
Many experienced traders tell their success stories that began with a few complete loss of deposit. Those who survived these crises became successful over time.

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