Topic: Why people run away from trading!!! - page 9. (Read 3114 times)

True! The reason is that they didn't understand the market enough to know that in trading we gain profits slowly. I think the golden time that a coin can be double or triple its value has passed. You can know invest in IEO, doing bounty and receive their tokens then expect its price will get folded. However, it barely can happen in trading. Lack of information, lack of understanding and lack of patience lead to losses that make traders leave the market.

I agree with everything that the author said. One that really captured my attention is lack of patience. I agree with that A LOT. People tend to think that trading is an easy way to double or triple the amount of your money but in reality it's not. People want to earn as fast as they can imagine without considering different factors that could affect their earnings in trading.

Maybe because they are afraid to lose their capital investment. That's the only reason I saw with it for running away from trading business.
But if We know to ourselves that you have enough idea and knowledge perhaps there's no reason for us to run away from it. But I respect them if they run away, because is not that easy earn money nowadays.

Maybe because they are afraid to lose their capital investment. That's the only reason I saw with it for running away from trading business.
But if We know to ourselves that you have enough idea and knowledge perhaps there's no reason for us to run away from it. But I respect them if they run away, because is not that easy earn money nowadays.

Not everyone finds trading easy, some people find it very difficult to deal with, that is why they run away from it. You think trading doesn't require courage? It requires the biggest courage, the courage to lose money that you earned hardly by working, so it is not that simple to just put all that money into something and lose it.

Of course if you are a good trader or an investor you might have became lucky and invested small to something that later became very big which would allow you to have a lot more to invest and you could do it. But not everyone is lucky neither, so they have to put their own money into it. Combine both of this together and you got yourself some sort of reason to panic while trading, these two are not the only reasons but the biggest I am aware of.

Its not the trading strategy that makes people lose money, its more like their execution or risk. Everybody knows that indicators are never 100% accurate, hence you need a plan when your trade doesn't work how to get out. You need to learn to cut the trade quick and let your winners run. Hence why most people lose money overall. They quickly take profits and let their losers build up and eventually dig themselves into a deep hole. Basically trading without a stop loss.

Its a tough game, you either get it or you don't. Eventually 99% of people will just lose interest and go and find a different hobby. The ones that make it usually make a career out of it due to the huge gains of money that it can bring. However keep in mind that not everybody gets to trade in their bath rob while sitting on their pool side in their mansion. If it was that easy then everybody would be doing it.

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.

If you keep failing in a trading method it doesn't mean you have to completely skip trading, you can try to switch your trading method like day trading into mid or short term but for doing this you need to have enough capital that's why its always better to start trading with very low amount from your total capital investments on cryptos.

If you keep failing in a trading method it doesn't mean you have to completely skip trading, you can try to switch your trading method like day trading into mid or short term but for doing this you need to have enough capital that's why its always better to start trading with very low amount from your total capital investments on cryptos.

If you keep failing in a trading method it doesn't mean you have to completely skip trading, you can try to switch your trading method like day trading into mid or short term but for doing this you need to have enough capital that's why its always better to start trading with very low amount from your total capital investments on cryptos.