Topic: Why people run away from trading!!! - page 17. (Read 3140 times)

Trading is not meant for everyone. If you try trading and it’s not working for you then you have no other option than to quit while you still have the time and look for something else to do.

Seriously, I tried once to teach someone how to trade and despite everything I did, he was still not getting it. I simply advised him to look for something else to do. He’s a photographer and I helped him set up an account on Fiverr and also create gigs, and he’s been selling out working as a freelancer photographer. What he does now is to invest money in Bitcoin and just Hodl. So trading is not for everyone, but investing is for everyone.

I would not say that people run away from trading; but instead i will put it as people decided to neglect trading for certain reasons best known to them.
As we know there are several factors pegged to trading crypto currency or binary or forex.

If you cannot control your emotions, trading is not for you
If you find it difficult to source information for yourself and resort to signal finding; trading is not for you.

And other factors such as fear or lack of capital.

it's all just a matter of each other's readiness. some beginner traders only prepare themselves for profit. however, they did not really prepare the risk of loss that they could have received. however, "all in" is always the thing that makes them think that it will bring them to profit. Many traders run because they don't know what risks they are in.

To me, what actually make some potential traders or inept traders to be scare about trading sometimes can be associated to them not be able to trade "what they can afford to lose" as we have seen the cryptocurrency market as one that's highly volatile. During my time why I started trading, I used to be more scared seeing my trade running out of my prediction, sometimes, I feel that I don't have the needed experience to trade until I discovered that emotion shouldn't be attached while trade.

Emotion and patience is the real thing to be a successful trader, and many are losing money cause they are lacking of it and sometimes they have too much of those quality. Me personally, I am constantly quitting on trading but somehow going back to it cause I think I can handle my emtion and my patience is getting better sometimes I win and sometimes I loss on trading but what's important is in every experience that I am getting I am learning something new.  

Some of us didnt gain knowledge before we trade that is why they are not aware of the consequences if what we expected didnt happen. Unable to recover what we lost is sometimes the main reason why other traders chose to quit.

We should keep in mind that in order to gain here we need to be knowledgeable and risk taker because nothing is certain here. If you cant bear losing your money and has no patience then this might be not the right path for you to earn.

Everyone will go away from trading when they don't have patience and good management, eventually they experience a big loss and the market conditions are bad. They need refreshment so they try to leave it for a moment or forever.

People has run away from trading because they have not recovered from losses from Cryptocurrencies. In losses you always looks for quick profit then some big loss happens. People has to choose the right crypto to trade and wait sometimes for market to come up again. If you take risk always you might loose your money very quickly. That might be reason people run away from trading.

Nope you are Wrong because what you are pointing is a gambling behavior but not in Trading because the reason why many former traders now move out this market is the always Losses they face when the more they try to recover the losing is the more they lose because this market is not for those who wants a faster income.

this is not a i time big time chance,in this market patience is the key ,remember this currencies has a volatile nature si expect things now and not coming but when you stop looking then it will come,this is crypto nature and nothing we can do unless we are whales that can make the market move at any time.

Emotion is the cruel enemy of man while trading or putting any kind of trade!

I mean literally even when its a girl, man cant put it in right way. Lolz. 

When it comes to training person needs to research the market properly. In current scenario trader will just go to any trading site, start seeing around what people are upto and then they will start manipulating themselves accordingly.

Their adrenaline drives them crazy when they start even little red bars around the corner. They will emotionally catch the trend and will start panic selling. We all know in the long run panic selling has been counted as one of the emotional barrier for traders. However this is mostly in the newbies who has just arrived and jumped right into it without any proper "understanding" of the market.

Market is volatile and get agitated with small changes around the global news. People have been legends in day trading with big amounts on stakes but they do it because they are able to control their instincts keenly and dont allow the emotions to overcome their selling patterns.

I believe for those who are completely new, they shall start their journey of bitcoin by holding the BTC with patience and growing the value in long terms. Keep buying them when they are at the bottom rates. Thats what a new person shall do. Create your wealth (everyone wants it) step by step and then read about the trading techniques.

Since this forum itself is having many legends with unique techniques you can learn by referring many of the threads around here. Even the bot trading works if you go through trusted sources. But lets just keep it simple for the first time and make yourself equipped with all terms of trading.

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.

Some people will not over come their losses and they will not stop unless they get back their losses. It's a nature of people to always greed for the best and to win. They need to manage their portfolio properly and set a winning end. Some traders need to control themselves and reason why people walk away trading. Patience and hard work are some important key to be successful in trading.

As you said that sitting tight over ones hand doing nothing and i supported it as some characteristics which make people run away from trading but i think what make newbies most run away from trading is losses because making profit from business  always inspire the traders and also make trader thirsty for more.

Trading is a good platform for earn money but if you don't have proper idea how it works then you would see the other side of mirror. The world is suffering with deadly virus and the whole world economy is fall down. In that situation it's really difficult to think with trade or something. Many people scared to trade in this pandemic situation. The point you gave are also cause of reducing trader. But good time always approach after a bad time, it's a nature. So we hope good crypto trading day will be come after this pandemic situation.

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.

These are not the only reason. They mainly join the trading world hoping that they will get rich real quick. They have seen videos and people claiming that they have made a lot of money from trading. They assume that they made the money overnight. Thus, with the hope of getting rich, they join the market. Once they fail in making any profit after few attempts, they just lose their hope and never return back to trading.
They should start thinking about losses too when trading, not just profit.

Those who find it hard to start, can not get any step further in trading no matter hos you push them.
Although, for a beginner, trading sometimes can be very hard, most especially when you are seeing loses, instead of gaining. it is better to have someone that will be able to guide you on how to go about it. Even when you are missing it, have someone to ask you step further.
Peradventure you have no one to guide you, you can simply get materials online to guide you and practise with whatever amount you can afford to lose.

You have made some good reason for which I do believe is part of the reason why people do run away from trading but in addition to the point you mentioned above I will like that many of those type of people lack money management which I believe is very key if you must be a good trader.

people run away from trading because of many reasons. Firstly, trading involves a lot of patients and it is time-consuming you need to create time for it if you want to trade. Secondly, people are shy away from trading because of fear of losing money and the inability to control their emotion when it happens. many still believe there is no difference between trading and gambling. Thirdly, many are interested but they do not know where to start from. They do not know how to study chart and makes predictions

Unlike most people do think, trading is not that easier one to adopt for earning a life out of it. You must dedicate everything for it including yourself. Yes, there are 1000s of things, you to concentrate and when you miss at least one then you may need to face losses regardless of your experience nor capital levels. So, most people quit their effort of perusing a career with trading in the middle itself.

Other than the 3 reasons mentioned on OP, I guess that lack of capital must be another reason, why most people run away from trading. You must have consistent inflow of capital so that you may recover your loss by not repeating the same mistake. To learn and to gain experience, you smut need some minimum capital always but unfortunately people lose capital and then lose their confident then quit it.