Topic: Why people run away from trading!!! - page 16. (Read 3140 times)
Those who think that you can easily make money and who are not ready for the difficulties that forex prepares for them will give up trade.
People run away from trading because new public in trading comes to the marketplace as they comprehend how expeditious a star be able to receive a profit, but they don't be familiar with how to receive that profit.That makes them come up with a extensive mind's eye about how they container concoct a profit, but they don't gain knowledge of further about trading. certain of them hold insatiability to every time do a profit from the market, which they will not at all times construct for the reason that the bazaar is exceedingly volatile. They don't recollect that no matter which container come about with the crypto market, therefore they don't go as rapidly as the set a price increase, but they give birth to a likelihood that the fee will fuel further so therefore they will get rid of the coins.
Because of lack of the experience. For example image someone starts trading with some money and lose and again and again (during 1-2 years).
And he just lose his money without of any profit and leave the trading this loses while now and after 1-2 year he is experienced and very near to get some profit while he leaves because he lose too much.
So, here not having some patience is the reason why the run away and leave. getting some profit takes 1-2 years of experience.
And he just lose his money without of any profit and leave the trading this loses while now and after 1-2 year he is experienced and very near to get some profit while he leaves because he lose too much.
So, here not having some patience is the reason why the run away and leave. getting some profit takes 1-2 years of experience.
You are right trade will depend on skills and experience But escaping from trade is not the right solution We can't learn anything if we run away This will increase the amount of damage So you have to hold on to it and try to move forward and learn better. Those who run away from trade have no knowledge of the trade Professional traders will never run away from the trade To avoid risk you have to trade in harmony with everything If the amount of damage is high it is best to hold.
Those who runs from trading are the people here that wanted a easy profit and those people that had been lured to enter here just because had told to be easy profiteering.and after learning that this is a risky place and losses to much?they Gone and blame the market about the volatility.
and this is not the right way to make investing here .
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.
It reminds me of my friend back then. She ran away from trading because of her losses. I asked her why she stopped trading. It's because she wasn't educated enough to be a trader. Although that she have watched some Youtube videos about cryptocurrency trading, it might not be enough for her to become a skilled trader.
I gave her some advice about going in to some online academy programs about cryptocurrency trading from beginner to advanced level. There are several of them like NewsCrypto, UDemy, TraderCobb, and a lot more.
I used to run away before because of not being educated very well with it. Despite that there are still risks for experienced cryptocurrency traders, it's much lower than inexperienced ones.
I gave her some advice about going in to some online academy programs about cryptocurrency trading from beginner to advanced level. There are several of them like NewsCrypto, UDemy, TraderCobb, and a lot more.
I used to run away before because of not being educated very well with it. Despite that there are still risks for experienced cryptocurrency traders, it's much lower than inexperienced ones.
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
2. No Risk Management
3. Lack Of Patience
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
2. No Risk Management
3. Lack Of Patience
People run away from trading because it is not childs play; any lapse in decision means you are rekted.
Most times; its not due to lack of education or lack of patience; most times it is due to greed amidst traders.
No matter how good a trader you are, always understand the market before you delve into the trade.
~snip~
Unfortunately we don't realize that it is not possible to sell and buy at the perfect high and low because it won't even last long with that price for minutes that is one of the main reason why we lose.One who trades with 100% of their portfolio will suffer from losses for sure,so we only have to trade with the little amount from the total amount we have.No, we do not. But at least, we can sell in almost perfect high by our analyzing so we can still make a profit. When you decide to use 100% of their portfolio, you will get a big lose in trading because your initial money will reduce too much.
That is why you don't need to use 100% of your portfolio. It is too dangerous if you risk all of your money in just one trade because there are so many coins at the market which can give you the opportunity to make a profit.
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.
Agree, those three points are indeed the main factor of old and new traders leaving the trade, but I personally prefer the final point where most traders do not have enough patience until finally they sell in a panic or sell because they are motivated about a quick profit, so they decide to sell immediately because of worries about losses. So, in trading at least patience is the most basic thing that every trader must have if they want to succeed, because when they have the knowledge but do not have the good patience then the results will still lose too and difficult to get success will make them leave the trade faster.
People run away from trading because they are scared of loosing everything, that is pretty much could happen, especially taking into account unpredictable nature of crypto market. Undoubtedly, noone, should trade with money that he can't afford to loose. Further, you should have a certain portion of intuition for profitable trading - few people have it. So if you understand that you don't meet these requirements, you'd better dessapear in the trading world.
Don't have a proper trading plan also can be a reason for someone to avoid trading after the losses they met.If we don't have a goal price to sell and buy on our own then we can get easily manipulated according to the market situation so we may urge to sell or buy than holding.And expecting huge returns when they begin their trading career which maybe possible but no one can make it consistent all the days/weeks.
Many traders don't know how much profit they should take if the market can increase higher because many of them want to make more profit. But unfortunately, they don't realize that the price can change anytime. If they have a goal price to sell and buy, I am sure that they can make a profit or if they lose, their losses will not be too big because they know how to reduce the losses.
People run away because they cannot recover their losses in a short time. Many of them are using the money that they should use for their daily needs. That is why once they lose, they are confused about how they will buy their daily needs.
The biggest reason why the newbie trader can't make money is simple: They think doing something is better than doing nothing, sitting tight over your hands is the hardest part for making money with trading. Long term traders know how valuable to wait patiently for the right time, day traders can get lost during the large market fluctuations.
Longterm traders spend lot of time developing trading strategies and plans and there hardly not making loses but because of the trading plan they have in place they succeed. Trading is not for newbies but because we must start something as newbies that is why some of us venture into trading and therefore as newbie you should not expect profits from trading.
There is also lack of belief as well, this could drive from their previous attempts at bitcoin trading and failing which could cause them to think they will never be good at bitcoin trading and that is why they do not even try it even though maybe their second try could be better, or it could be because they are so stuck at work and what they are doing that they actually convinced themselves that they will live life forever like this until their retirement and only then they will be capable of stopping, so an idea that they could maybe get away from the rat race actually sounds like a crazy scam to them, which I understand if I didn't know bitcoin and someone told me what happened in the last 5 years, I would have called it a scam as well but if you go into it you realize there is nothing like that, it is literally opposite of it.
Don't have a proper trading plan also can be a reason for someone to avoid trading after the losses they met.If we don't have a goal price to sell and buy on our own then we can get easily manipulated according to the market situation so we may urge to sell or buy than holding.And expecting huge returns when they begin their trading career which maybe possible but no one can make it consistent all the days/weeks.
Many traders don't know how much profit they should take if the market can increase higher because many of them want to make more profit. But unfortunately, they don't realize that the price can change anytime. If they have a goal price to sell and buy, I am sure that they can make a profit or if they lose, their losses will not be too big because they know how to reduce the losses.
People run away because they cannot recover their losses in a short time. Many of them are using the money that they should use for their daily needs. That is why once they lose, they are confused about how they will buy their daily needs.
Generally, the most common feature of people who refrain from trading is to do these transactions without any knowledge and damage. Especially if we do research in crypto money markets, we can see that the owners of many unsuccessful trades are usually made by people who have no knowledge or experience. Of course, conscious and experienced members can also make bad decisions from time to time and do transactions that will cause harm, but since these people act deliberately, they open positions taking into account the potential loss rates. For this reason, these experienced and knowledgeable people do not escape from trading as a result of these transactions and continue to trade. In fact, the biggest reason for many new or inexperienced traders not to trade is due to insufficient knowledge and experience as I mentioned. Of course, besides these, there are other options such as not being able to control the risk, being maligned against bad psychology and damaging by panic operations.
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The biggest reason why the newbie trader can't make money is simple: They think doing something is better than doing nothing, sitting tight over your hands is the hardest part for making money with trading. Long term traders know how valuable to wait patiently for the right time, day traders can get lost during the large market fluctuations.
Don't also forget that they can make the biggest profit too during that market fluctuation if only they do their homework well in predicting the outcome of the market correctly due to the information and tools available to them with an additional help from the luck factor. I think we mistakes short term Investors for traders, day trading isn't that bad of a profession. In fact they're the backbone to of the community together with the miners since these traders are those who keep the market active.
They're responding for making the market an interesting opportunity ground to gain profits, without them the industry who had been dead since the market won't be actively trading like every other currency/commodity market out there.
You are right trade will depend on skills and experience But escaping from trade is not the right solution We can't learn anything if we run away This will increase the amount of damage So you have to hold on to it and try to move forward and learn better. Those who run away from trade have no knowledge of the trade Professional traders will never run away from the trade To avoid risk you have to trade in harmony with everything If the amount of damage is high it is best to hold.
Trading depends on the skills of the trader and not just random individuals claiming to be traders without having the zeal towards trading. Many thought of trading to be for all but categorically, I will say no, trading belongs to those who are ready to take the challenge through risk taking. During my time as a newbie, I used to see cryptocurrency trade as that which requires less skills but going deep into the trading industry makes me.realized the efforts to put before you can make good profit from trade. Trade is for those who're ready to take the needed risk to succeed. Mindset of "no risk = never attempt trade at any level".
Don't have a proper trading plan also can be a reason for someone to avoid trading after the losses they met.If we don't have a goal price to sell and buy on our own then we can get easily manipulated according to the market situation so we may urge to sell or buy than holding.And expecting huge returns when they begin their trading career which maybe possible but no one can make it consistent all the days/weeks.
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