Why people run away from trading!!! - page 18.

plvbob0070

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

1. Lack Of Proper Trading Education

3. Lack Of Patience.

Lack of knowledge with regards to trading will always end up losing too much money and it's riskier than you think. Trading is not easy to learn, and it takes a lot of time to fully understand how it works. And what's wrong with other people? They often skip the basic things that should be learned. We should always invest first in the knowledge and allot more time on learning so when you start your trading journey, you will know how to minimize the risk and loss. Prioritize the knowledge first before the profit that you want in a trading and being greedy will not totally help to earn good profits.

Then, we are all aware that in trading you need to have long patience because it's not easy money that when you put your money you will instantly earn a profit. Be patient all time cause the right time will come and it will give you good profits.

joshy23

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Quote from: jhonjhon on April 23, 2020, 09:26:37 AM

It probably because they don't understand how trading life could be. They are just a loser and quitters because they never look for a second chance but rather to disclose it and runoff. These people aren't destined to become a trader nor they found themselves comfortable with doing this.
But anyway, that's their choice and we should never have to convince them to turn back because their mindset is far away from understanding.

Once they've decided to quit there's no need to convince them but if destiny calls them they are the one who will freely going back to this venue of business, trading is not for everyone since there's always a risk of losing your money.
If you are not good in dealing with the risk then its better to move away and find other business that suits you.

Kasabus

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Quote from: joshy23 on April 23, 2020, 09:40:24 AM

Quote from: jhonjhon on April 23, 2020, 09:26:37 AM

It probably because they don't understand how trading life could be. They are just a loser and quitters because they never look for a second chance but rather to disclose it and runoff. These people aren't destined to become a trader nor they found themselves comfortable with doing this.
But anyway, that's their choice and we should never have to convince them to turn back because their mindset is far away from understanding.

Once they've decided to quit there's no need to convince them but if destiny calls them they are the one who will freely going back to this venue of business, trading is not for everyone since there's always a risk of losing your money.
If you are not good in dealing with the risk then its better to move away and find other business that suits you.

I believe trading is not really for everyone as we have different strategies in trading wherein some of them works while others failed. And those who lose their patience in trading will never be good traders in the making. Trading is something that should be learned and mastered in a long span of time so for those who only want quick profits in trading will never be professional traders.

Yamifoud

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Quote from: sheenshane on April 23, 2020, 08:32:11 AM

There's no formal training nor education for people to become professional traders. Experience, articles, all kinds of analysis, and testimonies may be a good help to learn how trading goes. Some people get into tradings only because they were advised that they will become rich once they started to invest in this business but they didn't try to read not do some researches on how they will profit in trading. They will trade in cryptocurrency without knowing where and what they are up to.

Probably after experiencing massive lost they will afraid to invest again and trade.

But it was great and people would appreciate most about trading if they'll go into training. They are more advance than those who didn't and also they are guided in a certain scenario. That is why some people who have knowledge about trading have tried to share something with the rest who wants to learn for them also, to be more aware of what they do and the possible result. Of course, it was then more experience that will help to fully understand how trading makes a change and they couldn't easily think about quitting or being on the negative mindset.

jhonjhon

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It probably because they don't understand how trading life could be. They are just a loser and quitters because they never look for a second chance but rather to disclose it and runoff. These people aren't destined to become a trader nor they found themselves comfortable with doing this.
But anyway, that's their choice and we should never have to convince them to turn back because their mindset is far away from understanding.

sheenshane

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There's no formal training nor education for people to become professional traders. Experience, articles, all kinds of analysis, and testimonies may be a good help to learn how trading goes. Some people get into tradings only because they were advised that they will become rich once they started to invest in this business but they didn't try to read not do some researches on how they will profit in trading. They will trade in cryptocurrency without knowing where and what they are up to.

Probably after experiencing massive lost they will afraid to invest again and trade.

cytpoway121

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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

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.

maydna

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Quote from: thebutton on April 22, 2020, 04:43:04 AM

Quote from: maydna on April 22, 2020, 03:11:17 AM

~snip~

That's exactly what I heard that had happened way back in 2017 where the price of BTC had reached an ATH of around $20000 and there are a couple of months prior to that just to sell their BTC even a portion of it and I remember my friend's regret when he just hold all of his BTC and came the price crashing down. Still hoping that it would rise and the price crash is temporary, he continues to hold and that's another mistake because it continue to crash for months and he never get his profit back. That is so sad because I knew that deep inside there is this rational thinking but with emotions and greed, a person would neglect the rationality of the situation.

I just started trading and so far so good. Been reading and learning a lot. Emotions can quiet be a challenge for you but you just need to look at the data that is in front of you and act accordingly unless you want to lose your money which is a simple mindset but effective.

Sometimes, when people see about the profit that they already made from previous trade, they still want to make more profit by still holding for more. They don't sell the coin but still hold because they expect that the price will increase for the next minute, but the reality is not the same as what they think. And the next minute, the price drops without they can predict.

Emotions will take part in trading, so we need to manage the feeling and say it is enough for us to sell at that price. If we only follow the emotion, we will become greedy, which can lead us to get losses because we cannot sell at the right time. That makes many traders feel sad so far because they chase and hope that they can make a big profit in one-time trade.

That is good for you, but you still need to manage your emotions so you can still calm down even in the hardest situation that happens in the market.

Farma

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impatience, and overly high expectations, get many people out of a trade. well, maybe it would be very easy to see successful people with it, even almost all ordinary people think that it's easy. but, when they entered into it, things were not as they thought, and of course, that was a very difficult thing. however, there have been many cases like that for the same reason.

flyer88

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Quote from: Shallow on April 22, 2020, 03:59:16 PM

Everything starts with the right knowledge and without it the person will only end up making more mistakes, thus I stand with your first point. Most people thinks that trading is something they can jump into without passing through the right processes thus ends up making mistakes which of course costs them their funds. Also, to add to your list, greed is another thing to look out for, most people want to get all it in one trade and ends up getting trapped. Emotion is another which must be put on check.

The right knowledge and can control emotions are two things that are very important in the world of trading. Actually there are still many traders who do trading at this time, especially during this Covid-19 outbreak where many people are working at home, so they try to learn trading.

CHENIEN

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generally, a lot of characteristics of the corresponding business in the world that have experienced failure due to lack of proper trading education and mostly, they are just hoping for luck and lazy to intervene in the real function of business like holding and proper endorsement system. but during this economic crisis due to Covid-19 we can't do some business to access except to entering some online job by using digital currency payment.

CaVO32

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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.

If I may add also, sometimes when a trader experienced a huge loss, he will think that's the end of his trading career. Especially if the money that he used is not his but others who trusted him to make good in crypto trading. I have seen several threads created by those kind of individuals that quit crypto trading after suffering huge loss.

In trading, you should be prepared to all possible circumstances that you will encounter especially in crypto, as the movement is very fast. So you should use money that you know for yourself that you are ready to accept whatever the results may be.

Shallow

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Everything starts with the right knowledge and without it the person will only end up making more mistakes, thus I stand with your first point. Most people thinks that trading is something they can jump into without passing through the right processes thus ends up making mistakes which of course costs them their funds. Also, to add to your list, greed is another thing to look out for, most people want to get all it in one trade and ends up getting trapped. Emotion is another which must be put on check.

gantez

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Trading is a big business and very profitable if you can understand and build a very good strategy. One of the biggest techniques to trading is risk management. If a trader can manage that very well, even in a losing trade, you can still get a reversal because of the capital that is being managed.

el kaka22

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Lack of patience is number one in my opinion, people I have met so far all been wanting to get rich quick in fiat right away when they get into bitcoin and that is not happening at all, crypto is not something like that but for some reason people keep thinking it like that.

If you ask me people who are looking to invest well into their lives are always successful in bitcoin world because they know they have to wait years before their portfolio could ever worth something, whereas people who are trying to make as much money as they could possibly make usually end up burning out very quickly and that causes them to lose all of their money.

So be patient, just wait it out, do not care about ups and downs of the market and in the long run you will be profitable.

bitcoin31

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I hope more trader have a lot of patient because that characteristic will lead to them to get huge profit for the longterm investment that is need to see the ATH value of the coin. People are losing more money because they did not know what they do so they made mistake trading is best opportunity to us so do your best if you want to earn profit.

lahiruu

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For me, it's the following:

A) Risk

B) Difficulty learning - it can be daunting for new traders to learn all the new terminology and to separate legitimate advice from pseudo scientific bs

qory

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Lack patience become most serious problem when trading and not control management, when have to buy and sell bitcoin or altcoin trading. Some time trader not control outside news with some coin trading and look with bad news after coin pump to buy and invest.

target

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There is no proper training on how to trade which is why most of the users who just discover BTC online just read a few things and get on trading. If trading is not making them money, they will stop and decide to just hold or find new opportunities.

We all know trading is not for all, they're just people good at it and some find solace in staking or setting up masternodes.

Savemore

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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.

The mindset is important especially if we want to take seriously trading of cryptocurrencies. There are some traders who have quick rich mindset where they think that if they invested money in trading, they will easily become a millionaire. It is not like that because there is proper process in order for us to become professional traders. It takes a lot of time and determination to achieve your goals in trading. Trading is not simple as they think, if it is simple and easy; for sure everybody is doing it.

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