Why people run away from trading!!! - page 14.

imstillthebest

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Quote from: carlisle1 on May 06, 2020, 12:49:27 PM

Quote from: ?? on ??

People just don't know how to trade, they don't have enough experience, so they can't trade. Trading bots were invented especially for beginners.

I have heard many times that not all trading bots can really help you in trading.

There is a bot that fits each trader but this is not applicable if the user is a newbie that no experience in real trading because for sure He will only fail if he

yes because bots still need to configure by human . if you dont have experience on trading , you will not understand the term or what is written on the bot . if your not new on trading you can use bots but they cant assure you that you will earn . your bot still depend on your trading knowledge and on the flow of the coins too because coins are sometimes not predictable . i just runway from trading because i think its hard , this is also the most popular reason why other people dont do trades .

darewaller

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I think lack of patience is the case for most people here. Most of the people here are looking for where to make money quick. I won't really blame them, we are all human beings and we have one problem or the other that we need to solve and due to that we are all looking for where to quickly get money.

But, they should as well understand that whatever you choose to do, it's best to have patience in it, because if you don't , you're not going to achieve what you want. I see some newbies who just get in and when they see old traders talking about profit, they quickly rush into trading thinking that they will make it there, without proper education and that's how they end up losing money.

carlisle1

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Quote from: ?? on ??

People just don't know how to trade, they don't have enough experience, so they can't trade. Trading bots were invented especially for beginners.

I have heard many times that not all trading bots can really help you in trading.

There is a bot that fits each trader but this is not applicable if the user is a newbie that no experience in real trading because for sure He will only fail if he did not spend time studying and learning.

Quote from: ?? on ??

One more thing is that we lack the team. I have learned a lot of trading knowledge and capital management experience but I still cannot trade well. It seems we are lacking a team to develop more in terms of experience. I see that some tradecoin groups are now making a lot of money because of their experience sharing. Everyone in the team is buffed with confidence and placed orders very accurately.

Remember that those groups that sharing trading mostly are scammers so don’t fall for them,there are only few that will give a real score and majority will mislead you.

vennali

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Quote from: dunfida on April 21, 2020, 06:29:52 PM

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

Agree with those 3+3 points. Risk management is the key along with proper trading education. I see a lot of people look at the positive trades on Twitter and other social media and get enchanted with it and think they can replicate it without and formal training and management. They may get a few positive results initially but in the end it stops working and they start risking a lot more to get back into positives. In the end, either losing it all or just losing hope and blaming trading for it.

Kelvinid

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win lambo...

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I think most people fail in trading because of their egos as they think that they cannot go wrong ever which results in burning of account as soon as market goes against such traders, they just do not want to trade what they see on charts rather they will trade with their own opinions and emotions that result in failure.

Naturally, we live with ego, that what we are but somehow some can manage it carefully and take care of it. It can be of ego as a factor in making decisions but this is not probably the main reason why people running away in trading. The most common thing why the leave in this field is all about having no knowledge and skill in trading. Trading can't just be done simply, without these things, you are not making money but you are just spending on it without sure about the returns. And mostly just losses.

LbtalkL

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Lack Of Proper Trading Education is very dangerous if you don't learn the basics you might end up losing all your funds. So if we enter trading we should make sure that we already know what we are doing. Also, if we trade we need to familiarize the trading platform User interface, each platform have different interface, you might commit mistake on placing orders if you are not familiar with the platform so better learn it first if they have demo better practice before trying the real one.

Lorence.xD

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The points you have given is true, no disagreements about that. One thing I can add is that people always jumps on the boat when it comes to trading, now what I mean by that is people starts trading without a plan, saving for an emergency fund to prevent damage when trading day is unprofitable, thinking that 6 months of learning just learning about trading without experience with mock/paper trading is wasted. Seriously, I believe that people stops trading because they faced a black day and they do not have a safety for times like this thus leaving behind their trading journey.

rexxarofmoknathal

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Quote from: ?? on ??

Most of people run away from trading because they see it with a big risk by losing their own money . Also as a beginner if you haven't before any crypto and you did not see the volatility of cryptocurrencies you can lose .

Along the same line of thought, trading is a high skill that takes time to pick up and on top of that investments don't always turn out as rewards, thus one must be prepared to lose the amount invested. AND to top it all up, there's also a lot of competition with many bots out there which for a newbie could lead to huge failures - the learning curve is huge but when applied properly can be as equally as rewarding. I think if a person is serious about learning to trade they must also be prepared for the hardship thats required.

KimmyF

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Run away from anything you can learn anything. People run away from for two things
One is enter in wrong time another Don't patient for long time because afraid in current losses.
Every legit coin is good start trade, you should wait for perfect time. If you buy in high price than definitely one day you will lose money. Suppose you bought coin in low price than always there will be few loses but your coin will be increase which is your profits.

PaySpace

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People often follow already existed strategies of well-known traders, or listen to the crowd.
Lack of any personal strategies.
No understanding of crypto trading at all.
Paying too much.

wxxyrqa

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I believe that first of all, a person who does not have experience and only tried to study trading in the cryptocurrency market can leave cryptocurrency trading, but making sure that this is not his purpose, while experiencing constant setbacks, a person will leave trading without looking back. I am just learning to trade and only use up to $ 100 as capital for trading to practice a little. But I still have no confidence that I can use a large starting capital. I'm still in front. But if an experienced trader leaves the market, it can only be due to severe and incorrigible problems.

Pipjaeger

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Hey guys, if you want to learn trading you can join my Free Telegram Group i share Charts and give some education

Here is my last BTC update :
https://www.tradingview.com/x/1xwx38b8/

Dont run aways from trading, you need the right education, maybe i can help some of you .

Regards

________________________
Join my Telegram Group if you want its for Free i share my Charts and Analysis:

t.me/tradingjournalcrypto

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wozzek23

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To be sincere, trading is not easy work for people to do. Some people spend time in learning everything about trading, but still end up losing their money when they try to trade. Maybe they are not good enough and did not take their studies serious or maybe the market is really not predictable.

I have seen a lot of people that I believe they are experts try to predict the price of Bitcoin and other cryptocurrencies only to end up not getting it accurate. So, it is not an easy stuff for anyone to easy. When you try to trade and you realize that it is not working out for you, there are still so many other things that you can do to keep yourself busy and make money through the cryptocurrency market.

KnightElite

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Quote from: Dr.Osh on May 01, 2020, 09:34:27 PM

Quote from: Kelvinid on May 01, 2020, 07:08:22 PM

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe) but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

you are right. I suspect that when they trade, they just try it, or they think it's a shortcut to get rich. however, when the waves in the market do not match their thinking, they will stop. I have met many people doing that. however, until now, there are still quite a lot of traders who survive. it's because they know the risks they can accept.

They are not aware that there is no shortcut to be rich, hard work and working smart can help us to achieve financial freedom. Like in trading, we cannot become a successful trader if we are not doing something. It is important to know that trading is a process where we should learn many information and also gain many experience that we can use in the future. Those people who are surviving in trading are the people who have good risk and management and they are the one who are continuing to learn.

philipma1957

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Quote from: gentlemand on April 22, 2020, 06:37:47 AM

Most people should not be trading. They don't have the knowledge, skill or fortitude to do it and they never, ever will. I have no idea why it's touted as the first thing people should dive into. I guess the people encouraging that are the real traders who'll take all their money off them.

I will go more deeply into this fact. Only a few will turn a true profit.

Next cryptocoins

are down from about 800 billion in 2017 to 140 billion in 2020.

The Dow Jones is up quite a bit from 2017 to 2020.

Separate trading zones can help manage risk.

Realizing that handicapping markets is an artful science and not particularly exact.

Realize that a true whale 🐳 can toy with a crypto coin far more easily then Apple stock. The wealth is not that big.

If every chart says up for a coin. A whale can deliberately fuck with the coin especially a smaller one.

I don’t trade much since I don’t have the edge I have mining ⛏ [cheap power].

Slow death

legendary

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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.

did you come to that conclusion based on the things you read on the forum? no offense, how many people in the forum trade and how long do these people in the forum trade? and you need to have an answer to these two questions to have a good conclusion

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

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.

thousands of people are giving this advice, but do not show the results of the trade they do. let's put it simply:

1- do you trade?

2- if you trade, then I ask: how long have you been trading?

3- if you trade, what is your daily, weekly and monthly profit?

4- if you trade, what was your biggest mistake?

5- if you trade, show proof of your result

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

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

the thing is very simple:

if you show your good concrete results then people will listen to your advice

DevilSlayer

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They are avoiding because of the lack of knowledge and experiences, I observed that many traders are just trading without proper risk management and proper planning that makes them dumb especially when they are executing their trades. The market is so volatile so we should expect that there is a high chance of losing but we can lessen it if we will improve our proper risk management that can help us to handle different situations.

Dr.Osh

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Quote from: Kelvinid on May 01, 2020, 07:08:22 PM

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe) but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

you are right. I suspect that when they trade, they just try it, or they think it's a shortcut to get rich. however, when the waves in the market do not match their thinking, they will stop. I have met many people doing that. however, until now, there are still quite a lot of traders who survive. it's because they know the risks they can accept.

Quidat

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Quote from: MCobian on April 26, 2020, 10:07:11 AM

I agree with the three points mentioned in the opening post, especially point number 3, namely lack of patience. Most traders do not
have patience, buy or sell coins too fast. Remember in trading the key to success is patience. I'm actually surprised with people who
run away from trading. Though trading is the best way to make money in the crypto world.

Yes those who are not having such patience to wait for the right time to get profit from trading will not be able to get profit. Crypto is volatile and we simply have to wait for the right time for selling as well as for purchasing. People make mistake and suffer from lose so then they hate trading in their entire life so better be patient and let things normal if once market is on dump. Be afraid of lose and selling at panic is full of lose.

Patience is good but when it already come to that sort where it is already too much then that one would really be a reason for you
to missed out profits specially if you do keep on waiting for the right spot or entry.Its really easy to say but actually hard to be done
when you are already on the actual situation.When you do tend to survive or make yourself sustainable on this market then
better to learn up everything from trading style to emotion handling etc.

Kelvinid

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win lambo...

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe) but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

Topic: Why people run away from trading!!! - page 14. (Read 3114 times)