All mentioned in OP is correct because this market is very risky and if you are just jumping here for easy money then exit now before it is become too late .
there are so many from the past specially after the Bullrun of 2017 when people encouraged to invest because of the recent pump but what happened?after 2 years they remain losers.
Topic: Why people run away from trading!!! - page 15. (Read 3114 times)
If people don't have a trading background, patience or risk management skills, then they shouldn't be trading to begin with.
Anybody who manages to successfully run away from trading due to lacking these skills has done a good job, since they have saved themselves from getting completely destroyed when they mismanage their way to bankruptcy.
Whoever is reading this and thinking about trading.... Do your damn research first.... And no, that means far more than watching a few youtube videos on how to make money with bitcoin.
Spend a few months using demo trading tools before you begin risking your own money, and dear God stay away from leveraged trading if you're a noob.
Anybody who manages to successfully run away from trading due to lacking these skills has done a good job, since they have saved themselves from getting completely destroyed when they mismanage their way to bankruptcy.
Whoever is reading this and thinking about trading.... Do your damn research first.... And no, that means far more than watching a few youtube videos on how to make money with bitcoin.
Spend a few months using demo trading tools before you begin risking your own money, and dear God stay away from leveraged trading if you're a noob.
Running away from trading is now happening constantly. Fear of losing money can be a important fact behind this. Specially beginner may not have proper knowledge about trading. So beginner can fall into scammer's trap. Except these there are also some reasons to run away from trading.
These kinds of people are not meant to be in trading anyway. They'll never grow old in trading if they have such attitude and market understanding. They should have been thinking of it before they tried...just like going into the battle without knowing how to fire a rifle. They might be thinking that trading is just an easy job, easy money, quick returns...Then that was good that they run away in trading coz if they will push themselves in here, a lot of things can be wasted from them just like money, efforts, and time without having good in returns.
That's the sad fact , the other reasons even call trading as a dangerous work as you might would face the same pattern of charts in your monitor over and over again which could trigger the depression mode.
Crypto traders who want to make quick profits and win all trades, they are in danger most of the time. Many people misunderstand crypto trading as easy. And some influncers misunderstand them. You can add this point too, never trust any influencers. I know how these influencers lead traders to big losses. What I have seen is that crypto traders have less patience, which increases the amount of their losses. Losses are less likely to occur if the market is reviewed and proper risk management is followed.
But new traders do not follow these issues and as a result they cannot stay in the market for long. Because they are badly influenced by different influencers.
But new traders do not follow these issues and as a result they cannot stay in the market for long. Because they are badly influenced by different influencers.
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.
Also, trading on manipulated markets is extremely difficult.
You could really have some good trades on Bitcoin before Wall Street came in with futures.
Back then people were only blaming whale holders for messing up their trades. Now they have to worry about fake pumps that come from USDt, people who dump futures to buy Bitcoin and Buy Bitcoin to dump futures and exchanges playing the market make the most out of overleveraged traders.
The major reason people ran away from trading is lack of trading education, adding to that they also have this mindset that is a sharp sharp money, as in other words the money will come in within a blink of an eye. Not knowing that trading really needs time and lots of patience.
You just nailed this, I still remember what made me to ran away from trading when I was a beginner in the world of cryptocurrency. At first, I made some silly mistakes which caused me almost $200 because I wasn't a good trader. I thought that, it was as easy as what others said but later found that, it need more skills to make profits than to just trade as a newborn. I regretted my actions then, after the odds, I started doing some online classes in trading and was also following some good traders on social medias which made me grab skills quickly as possible.
There is also this discouraging situation where we never know what crypto currencies will do. That is not really a nice thing to realize and either you become a long term investor or you keep trading knowing the risk full on well or you basically give up. Someone comes up to you and tell you that bitcoin could do anything at any time, all altcoins could do anything at anytime and you are convince, bitcoin could go up but down, you want to buy but as soon as you buy it could very well drop 20% right away, there is that possibility for real.
So, as you can see there is really not much you can do to keep these people in check, they are going to leave trading because they are too scared of what it could do, they have seen it go wildly and they do not want to be a part of it.
So, as you can see there is really not much you can do to keep these people in check, they are going to leave trading because they are too scared of what it could do, they have seen it go wildly and they do not want to be a part of it.
The major problem is fearful mentality which almost a new and little bit experienced trader put in their mind before start trading which decreases confidence and increases panic and finally the results ends up with loss and the other side expert traders trade with fearless mentality because they trade with better understanding and effective strategies which is an important part of trading, basically understanding about the basics of trading must be first priority for traders it may be helpful to do profitable trades so there won't be reasons to leave.
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.
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.
There are a lot of people today wants to play into the world of trading and some of them have already funds to make investment and predict the market price of the coins but most of them do not have the capability to winning their trades most of them lose their money because just having a random guess what are the next movement. Some of the beginners in trading think it looks easy but true truth is not because it takes time to study well about the market movement some of the people paid some tutorials to gain resources to make sure they won't lose their amounts of money. Most of the players today do not have too much patience when they make an investment in trading they bought a lot of coins and because of being long term they withdraw their funds immediately and causing of losing their money, patience is a virtue you just need to take a long time before you get your sure income waiting does not matter because it's all about your earnings from the coming days and months.
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.
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.
Trading needs knowledge, need to do chart reading, price monitoring and many more. People arent running away from it, its just that they need to have more knowledge.
Maybe you are right and Maybe they are running just to seek knowledge out there and bring back stronger and full of knowledge. That was a good attempt and tried to figure out what the things need to acquire to become successful. But even though we get back stronger and full of knowledge still not an assurance that makes everything will be fine, it also depends on how you adjust in every market change. Because trading won't work with that simple and it needs hard works and dedication. 
Many people run away from trading because they have lost much money and try looking for passive income and get money back with working at other side back again to trade, many people not lucky with trading with buying on higher price and have sell on lower price, although keep learning at many channel information.
They lost the money in 2018 when they bought bitcoin at a high price, and they frustrate to wait for more than 2 years because until now, the price is not back to $20k. But I believe that some people still hold their bitcoin and only waiting for that price come again at the market. No matter how long they will need to wait, they believe the bitcoin price will increase someday, and who knows, their waiting time will end on this year or next year.
Another reason why many traders leave this job is that they are lonely. This is completely true but rare. I had a friend who traded alone and his life was just a computer screen and lots of green and red candles. He still makes money but not big, he doesn't have friends who can share his feelings and especially he feels his day goes by too boring. he decided to look for a more flexible job environment to look for more opportunities.
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.
It is very easy to say those words but the problem to it is the execution and that is the common reason why many people are running away from trading. A small mistake in trading will endanger your capital or money even if you have patience, risk management and proper trading education. 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.
Those can't be mastered easily not only if you have plenty of experience in trading therefore trading is only for the people who have guts or good in decision making.
OP, I guess it's different strokes for different folks. What kills others, keeps others alive. I don't think it's only trading people run away from. It cuts across all the strata of businesses. No one has ever remained in business for years. People try their hands on different stuff, seeking what suits them. It's normal. But whatever business one indulges, MM and patience are key to success. You're right on that.
One of the worst mistakes one can do while attempting to trade or learn how to trade is use the money they can not afford to lose. For example trying to trade using Life savings, borrowed money or Loans. If things go South. It can be catastrophic and can lead to Post traumatic Stress Disorder due to the heavy losses incurred.
Some have even borrowed to trade 😂
Trading needs knowledge, need to do chart reading, price monitoring and many more. People arent running away from it, its just that they need to have more knowledge.
Many people run away from trading because they have lost much money and try looking for passive income and get money back with working at other side back again to trade, many people not lucky with trading with buying on higher price and have sell on lower price, although keep learning at many channel information.
I think one of the main reason why most people run away from trading is because of the fact that they lack basic trading techniques and knowledge. Most can study and read chart so as to know when to buy and when to sell and as a trader if you cant discern a good entry and exit point then definitely you will end up running at a loss
I think one of the main reason why most people run away from trading is because of the fact that they lack basic trading techniques and knowledge. Most can study and read chart so as to know when to buy and when to sell and as a trader if you cant discern a good entry and exit point then definitely you will end up running at a loss
Obviously, trading is not for everyone and if you find yourself trying to fo trading but failing then that is not the field you are good at. Although it can be changed if you are dedicated to trading so you do search your way on how your trading results gonna mark green in the chart. There's a lot of ways before you could make your own trade successful without looking at the charts and that requires a vast knowledge and experience in trading.
The major reason people ran away from trading is lack of trading education, adding to that they also have this mindset that is a sharp sharp money, as in other words the money will come in within a blink of an eye. Not knowing that trading really needs time and lots of patience.
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