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Topic: Why people run away from trading!!! - page 7. (Read 3116 times)

full member
Activity: 504
Merit: 100
Option Blitz
June 29, 2020, 05:46:39 AM
I think not all of the people run away from trading, sometimes luck affect the peoples behaviour, maybe some people really didn't have a luck on trading and they always lose on it, that is why they run away on trading, but if we take a look around there are still so many traders on crypto feild, it is maybe because they are lucky on it that is why they continue to trade to gain a lot of profit.
In my opinion, there's nothing called luck in a professional field of business. Especially in trading, it's the risk of being lost when you lose your capital. When you win, it's all about your skills, knowledge, understanding.. Therefore, those who run away from trading are those who don't have the skills, hesitate to learn the knowledge and lack of understanding about the market. Those who still in the field are those who acquire knowledge, experiences and skills by experiencing failures many times.
full member
Activity: 449
Merit: 103
Decentralized Ascending Auctions on Blockchain
June 29, 2020, 05:15:00 AM
Frustrated because they have lost much money from trading, not only shit coin but also with bigger coin ever lost much money, look what happen last 2017 where many people try to invest with bitcoin but one year later bitcoin going down and make many people don't believe how come bitcoin could dump, right now many of them retired from bitcoin and altcoin investment.
That's their choices! Runners can't blame anything else than themselves. The reason is that when they see an "easy money" such as investing in BTC, they jump right in without learning about it. At the time they invest in BTC, they don't even know how the market works. Therefore, they lost their investment sooner or later! That's the certain consequences of not exploring the market before investing. Don't do anything without understanding it first!
full member
Activity: 854
Merit: 140
June 28, 2020, 11:11:56 PM
Frustrated because they have lost much money from trading, not only shit coin but also with bigger coin ever lost much money, look what happen last 2017 where many people try to invest with bitcoin but one year later bitcoin going down and make many people don't believe how come bitcoin could dump, right now many of them retired from bitcoin and altcoin investment.
member
Activity: 512
Merit: 10
BountyMarketCap
June 28, 2020, 12:07:12 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
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.
Already pointed out some reasons. But it is so true that maximum people don't come with proper knowledge about trading. That's why they pay for it and then go away. But real people enjoy it. Ups and downs is a part of it. We can't ignore it. So lack of proper knowledge is the main things to me to run away from trading.
sr. member
Activity: 2422
Merit: 264
Vave.com - Crypto Casino
June 28, 2020, 10:52:01 AM
Trader is a profession and profession is a job that requires special skills such as doctors, athletes, etc.
They depend on their expertise directly,they are paid based on the results of what he has done.
A trader must have the soul and mindset of  business, a trader must be prepared to fall up and down, profit and loss
and treat each of his trades like a business and projecting the results for the long term.

That is why 90% (or maybe more) people will fail to become a trader.
Just like, not everyone can be a doctor or an athlete, right Smiley
legendary
Activity: 2758
Merit: 1004
PredX - AI-Powered Prediction Market
June 28, 2020, 09:05:04 AM
I think not all of the people run away from trading, sometimes luck affect the peoples behaviour, maybe some people really didn't have a luck on trading and they always lose on it, that is why they run away on trading, but if we take a look around there are still so many traders on crypto feild, it is maybe because they are lucky on it that is why they continue to trade to gain a lot of profit.
those who do not come out of trading are those who are accustomed to risk and also know the ups and downs of the chart. besides, they don't keep all their assets in trading. as far as I know, many people only try to trade, and quit after getting a loss. some people also sometimes over-hope with trading that they are disappointed.
sr. member
Activity: 1148
Merit: 300
June 28, 2020, 04:13:15 AM
I think not all of the people run away from trading, sometimes luck affect the peoples behaviour, maybe some people really didn't have a luck on trading and they always lose on it, that is why they run away on trading, but if we take a look around there are still so many traders on crypto feild, it is maybe because they are lucky on it that is why they continue to trade to gain a lot of profit.
sr. member
Activity: 1890
Merit: 252
The OGz Club
June 27, 2020, 12:16:37 PM
people leave trading because they lose capital, it's natural, it's very difficult to become a trader, mastering the analysis techniques alone is not enough to become a trader, you have to try as hard as possible
hero member
Activity: 1778
Merit: 520
June 27, 2020, 11:25:36 AM
A lot of people run away in trading because they mostly don't understand what they are doing, they usually think crypto trading is easy as pie but in reality trading is not that easy. Specially if you dont have any patience and risk management in trading.
Those people were running away from trading, of course once they had earned money from trading. Who's given up, after all again everyone will start trade. I don't quit trading because trade profits are always possible. patience is the key to success. My patience is becoming low when the price drops. To recover from these losses, I have to accept losses or hold coins for a long time.
In trading altcoins there are always high chances of you getting REKT, also many a times I have been struck in pump and dump schemes holding that hyperinflated bag of coins. Instead what I do now is margin trading as in it I only have to do technical analysis of a single coin which means more focus on that particular coin and hence less chances of failure. Moreover people also move away from trading because of the fact that they loose big time in trading or it went bad and then they got afraid of loosing it again.
legendary
Activity: 2954
Merit: 1159
June 27, 2020, 02:55:53 AM
Thank you for pointing out some very important points. Most people trade without realizing it, only on the tweets, telegrams, and signals of signal providers.
It is very difficult to follow risk management in crypto trading but it is possible to follow risk management in Forex, stock market. Professional traders take a one to two percent risk of equity. This is the best strategy.
Avoid trading in the sideway market, then the loss will be greatly reduced. The biggest thing is to be patient. Patience is the key to success.

If anyone is only depending upon the signals from a trading group or site, he will never be able to do successful trades. For a successful trader one has to learn the trading first. If you yourself know the trading and then follow the signals, you can then analysis the signals and choose the best one. In this way most of your trades would be successful.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
June 27, 2020, 12:43:48 AM
They get in on trading without understanding how it works. Mostly, they lack patience and they thought that trading is about overnight success. You buy $100 worth of bitcoin and tomorrow it will become thousands of bucks.

They are losing motivation if they see their investment drops but it's their fault from the beginning of not knowing the underlying concepts of trading.
And yes, acknowledging that trading isn't a money-making machine is what I consider them not being able to do it. Bitcoin to be specific tbh. Idk about stocks, but whenever people hear about cryptocurrency, they most often think about quickly being rich through it or something, unlike how stocks work with how long it has been since it's existence
The mindset about cryptocurrency, most of the people that I've talked to personally think the same. Yes, all of them have the same thought that it's easy and quick money.

But they will never understand the struggle we have whenever we trade or hold.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
June 27, 2020, 12:22:07 AM
Currently many people have turned to trading as a means of opportunity, all in very high inflation countries, the effect of the Covid-19 has left many unemployed and this has caused in many the reverse effect, sometimes the lack of knowledge makes lqs People flee the trade because they fail and do not return, but in many it has made them study more to understand the market.
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
June 26, 2020, 11:00:11 PM
Should you really call it "running away"? Shouldn't it be more like, knowing what to do and not what to do? Imo, people who stop trading after trying it out are people who actually acknowledge either their lack of skill or lack of will to actually continue studying trading and the like. And it's a pretty good decision imo since any action that was just forced by the mindset of wanting to earn money would only make you lose more. Knowing what you can and can't do is a prerequisite in trading imo, and knowing that you can't do it is pretty much a good decision as knowing that you can do it.
They get in on trading without understanding how it works. Mostly, they lack patience and they thought that trading is about overnight success. You buy $100 worth of bitcoin and tomorrow it will become thousands of bucks.

They are losing motivation if they see their investment drops but it's their fault from the beginning of not knowing the underlying concepts of trading.
And yes, acknowledging that trading isn't a money-making machine is what I consider them not being able to do it. Bitcoin to be specific tbh. Idk about stocks, but whenever people hear about cryptocurrency, they most often think about quickly being rich through it or something, unlike how stocks work with how long it has been since it's existence
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
June 26, 2020, 09:37:40 PM
They get in on trading without understanding how it works. Mostly, they lack patience and they thought that trading is about overnight success. You buy $100 worth of bitcoin and tomorrow it will become thousands of bucks.

They are losing motivation if they see their investment drops but it's their fault from the beginning of not knowing the underlying concepts of trading.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
June 26, 2020, 04:31:42 PM
A lot of people run away in trading because they mostly don't understand what they are doing, they usually think crypto trading is easy as pie but in reality trading is not that easy. Specially if you dont have any patience and risk management in trading.
Those people were running away from trading, of course once they had earned money from trading. Who's given up, after all again everyone will start trade. I don't quit trading because trade profits are always possible. patience is the key to success. My patience is becoming low when the price drops. To recover from these losses, I have to accept losses or hold coins for a long time.

People run away from those things that they can’t do. Tradeig is an extremely difficult task for success in which you need to have extensive knowledge in the field of economics and technical analysis.
Not everyone is able to learn this business. However, if you overcome yourself and learn to trade sooner or later it will begin to bring you pleasure.
Uncertain and it all depends on himself, they run away from trading either because of frustration because of loss or run because of the benefits gained, because of the two could run and could stay. Right, trading is a difficult business and not everyone can succeed in trading and therefore knowledge and self-control in trading is something that is very important, in trading can not only rely on knowledge and can not only rely on patience and with you spend more lots of time in trading of course it will be a very good experience.
sr. member
Activity: 1988
Merit: 322
June 26, 2020, 03:41:19 PM
Trading became a bit of a playing ground for some rich people that really took all the fun out of it from the people like me. You know how much money I had when I first get into trading? 11 dollars. That is correct, I had 11 dollars deposited (well actually earned) that I put into bitcoin and started trading it on cryptsy, I was trading CLAM to BTC and back and trying to make a profit.

Clam was used in just-dice and it was doog I think that owned the website and he invested into clams as well so I thought if a dude this prominent in bitcoin world believes into clam so will I and traded it there. Nowadays you can't even deposit 11 dollars, that is almost the fee at this point. You need to spend hundreds of dollars to even start making small trades and thousands of dollars to make sensible trades, or you have to risk everything and do a risky futures 100x leverage trading.
sr. member
Activity: 1610
Merit: 372
June 26, 2020, 05:40:21 AM
A lot of people run away in trading because they mostly don't understand what they are doing, they usually think crypto trading is easy as pie but in reality trading is not that easy. Specially if you dont have any patience and risk management in trading.
Those people were running away from trading, of course once they had earned money from trading. Who's given up, after all again everyone will start trade. I don't quit trading because trade profits are always possible. patience is the key to success. My patience is becoming low when the price drops. To recover from these losses, I have to accept losses or hold coins for a long time.

People run away from those things that they can’t do.
Tradeig is an extremely difficult task for success in which you need to have extensive knowledge in the field of economics and technical analysis.

Not everyone is able to learn this business.
However, if you overcome yourself and learn to trade sooner or later it will begin to bring you pleasure.
member
Activity: 558
Merit: 11
umachit.fund
June 25, 2020, 01:55:50 PM
Thank you for pointing out some very important points. Most people trade without realizing it, only on the tweets, telegrams, and signals of signal providers.
It is very difficult to follow risk management in crypto trading but it is possible to follow risk management in Forex, stock market. Professional traders take a one to two percent risk of equity. This is the best strategy.
Avoid trading in the sideway market, then the loss will be greatly reduced. The biggest thing is to be patient. Patience is the key to success.
full member
Activity: 1610
Merit: 102
June 25, 2020, 01:48:14 PM
Trade is a good means of earning money but it requires sufficient knowledge and practical application skills. But now there are most traders who have no knowledge about the trade. They want to make money from trade but are not interested in gathering and acquiring information about trade-related content. As a result, they are losing money in most cases during trade and this is creating a negative attitude among them. In order to trade properly, it is important to have adequate knowledge of all aspects of financial management risk assessment and trading strategy and its practical application. So most of the traders are losing their assets and trading for the purpose of making money without any knowledge. And I think that's the main reason for Run away from the trading.
sr. member
Activity: 1540
Merit: 255
June 22, 2020, 08:20:28 AM
A lot of people think that trading is as easy as ABC, they just study within a few days and start to invest in it, some decided to follow signal channels, when things are not working out for them they will label trading as scam, lack of patience result in all this, no patience in waiting for the right time to study very well before entering the market and likewise no patience when they enter the market and start trading, regardless of the TA experience one might have, if you do not have patience while trading, you might find it difficult in making it
Well, seeing other people benefit from trading makes many people feel that it's easy. when trying, the person will exit the trade. Well, that's predictable and it's been a long time ago. however, many impatient people try to trade and get nothing but losses. however, it stopped them.

You are right, people are leaving the trading based on the bad experiences they have faced because many impatient people want to make profits very quickly and this makes many people losing their original value, that's why we should always have safe funds in order to protect when there is a drop in the market.
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