Topic: You lose more when you over trade - page 10. (Read 1530 times)

We call this greed, an a big mistake anyone will try to take, continuous trading is the easiest way yo lose money in trading. Trading is not designed for people to trade and make all the profits they desire to get.

 In trading the moment you make the little profit just stop and when their is lose it is better to just stop and not still forcing yourself to make profits by all means. One of the rules in making successful trading is to stay away from greed . Greed is a big factor that every trader needs not to allow to be a habit in trading . Traders needs to be satisfied with their little profit in trading.

Trading is quite stressful in real life which most people never know but that is how it works. And it means that those individuals who can carry the stress will survive while the others will move away and quit. That is why we should have to be in mentally and physically good condition before trading as this has a huge impact on our trade. That is why we should trade that have peace of mind and in a very convenient place so we can focus on the thing we do. People overtrade because they are very stressed and the chase of getting more despite the market situation isn't really good. 

Well Yeah, we can't deny that this happens to most crypto trading beginners. Because basically they usually don't really understand crypto trading but just do it in the hope of getting high income from trading. We do need to have these hopes, but we also have to be self-aware of our portions and abilities. So at least when you become a newbie, traders should be able to prepare themselves better and be ready, in terms of knowledge and insight, analysis, and also how we control ourselves. If we over trade beyond the limits of our trading ability, be prepared to fall into a trap and lose more quickly.

Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.

Professional traders never resort into overtrading because that will only put their trades on a higher risk of losing. But newbies are still learning on trading, so their concepts are not as good and precise like skillful traders are. Instead of trading at their own risk, they chose to trade more often thinking that it's the best possible way to earn bigger amount of profits. The moment they lose, that's when they realized that overtrading does not work for them, and even to all traders out there.

For me, it's a good thing that they learn at the start. So if they tend to overtrade, that's okay. They will learn eventually their lesson and will not repeat the same mistake again.

You know yourself better and that's why it is better to trade when you feel like you have to. But if you think that the market isn't coming to you.
That's a good thought that you shouldn't trade at all even if it's going to be long time before it comes to you. Anyway, how it is going to come to us then because we should be the one to come and trade. Still, I agree with you about being patient.

Overtrading becomes an important concern for newbies these days. They never see trading as a job that requires adequate knowledge and skills, but more on a hype that once they overdone it, it will make them eran more a lot. Well, that's not the case in trading. The more you overtrade without trading experiences in the market, the bigger chances you end up losing your capital. The reason why risk management is crucial when trading.

YouTubers may create a big impact on new traders. They see trading as a get rich quick, that's why they never wait anymore for the market to come to them, but they find ways to trade even at a very undesirable market to trade.

This comes from their inability to understand the markets, after all if they know their trading strategy wins 60% of the time and on average they could expect to make 1% in profits with each trade, then they reason that if they increase the number of trades they make then they will make more money, but what they are forgetting is that by doing that they will not be following their trading strategy anymore, and this often means that most of those additional trades will end with a loss, and instead of making more money most likely they will lose it.

Though I honestly do not understand what op meant by the market coming to the trader, but I still would agree with all that he has said, judging from my own past and personal experiences.
It is actually very easy to give in to the temptation of over trading, most especially when the trader meet his target too early in the day and have nothing else to do for the rest of the day, to avoid being bored, one may decide to trade again since there is still much time left before the day comes to an end.

This is actually where over trading starts, when the trader enters the market and possibly end up loosing, he or she then tries to atleast make back the profit they have made before, and before he or she knows it, he or she is spending more hours than necessary chasing after profit, meanwhile, stress and anxiety may not allow him or her focus or give a good attention to the movement of the market so as to increase his or her chances of wining a trade.

Anyways, this is just long talk by the way, as I believe that every serious trader out there must have experienced this maybe a time or a couple of times.

Yes, it is absolutely true. This is what often happens. New traders come and are very excited to make big profits from trading and dream of getting rich. When they start trading, they win some quick trades and think they have succeeded, but they soon discover that this is an illusion.

When they start receiving losses and painful blows, they begin to regret it and realize that real trading is completely different from theoretical trading on YouTube channels or paper. Then they start to understand the truth and that real trading is completely different.

I couldn't agree more on this, social media is so powerful that in seeds in an idea to people, it's called 'influence' from 'influencers' on the internet.  

It's achieavable actually, make successful trades but the problem is with the consistency. Becoming rich with trading is so much of an impossibility, I don't think it will make you rich, although you can win a trade of millions of dollars but come on that's not how richest are made.

Long term trading, either it will make you big gains or become millionaire because you foresight the future   it's impossible to not lose a trade over years of trading.

Regarding the correct way to trade and good trading methods, there are many available everywhere if trading beginners want to learn so as not to misunderstand trading.
It's just that people who have the perspective that trading is a way to get rich quickly are not willing to find out what trading is and how to do it.

I assume this is just a story. It's not that there are people who make mistakes in evaluating trading by thinking that trading is a get-rich-quick scheme and make mistakes in trading due to greed and impatience, but things that need to be avoided in trading are generally known.

Patience is a good virtue for trading. If you wait for trade to come to you, it is clearer to go for the profit and you can take higher risk and tighten your stop loss as all time frame will be in agreement for a right order execution.


I think that has made some day traders to prefer to trade as swingers because swing trade gives you a long time and space to monitor the progress, situation and emotions/sentiment before you dive in. A longtime analysis space is one advantage of swing trading but however no strategy is far better than the other because they don't have guarantee, if you do a wrong analysis on any of the trading strategy then you can lose the trade.

Firstly, I will like to know if you are a professional trader. Your account is still new to the forum, if you don't have proper knowledge about trading, then you shouldn't give advice. You are right, trading is not a get-rich-quick scheme, and most people always have the wrong perspective before they start trading. Most of them think that if you start trading immediately,  you will start making money instantly, which is wrong. Most newbies are deceived by the videos they see on YouTube and the advertisements they do see from signal providers. They are always brainwashed that trading is easy and they will be pushed to start trading, but if they start losing and they are not getting rich, most of them will end up giving up trading and they will start spreading fake lies that bitcoin and cryptocurrency are scams.

When you want to trade, don't depend on trading signals, don't be deceived by the videos you see on YouTube, always take your time to read and learn about trading, and when trading, learning should be what you will be doing continuously, you should always improve your skills. There is no easy way to make money.

I don't understand what you mean by they don't wait for the market to come to them, I don't think the market visits anyone. Maybe you can just explain to me better. All I will say is to always make sure you do your analysis first before entering a trade. You might be wrong sometimes, but I am sure your win will be more than your loss. Don't just jump into a trade without analysis, most traders now depend on trading signals, which is very wrong. You shouldn't wait for anyone to give you the go-ahead when you are about to trade.

That's how the crypto influencers online affect the newbies in trading believing that trading will make them instantly rich, even without sufficient knowledge and skills. When in reality, trading will make them poorer if they enter the market trading with high greed and without patience to wait for the market to become favorable to trade. They put their future in trading, that's why once they decide to trade, they make sure to trade at a huge amount, and end up seeing them losing. When it happens, they blame the market all of a sudden, and believe that crypto trading is a big scam.

Actually the more you trade, the more money you can make is true because you will have multiple opportunities to gain profit instead of single trading because crypto price is volatile. I use the word can because you can only guarantee profit if your trade is accurate like using trading bot for grid trading or something to make your trade consistent 24/7 base on the price range.

The only problem why many fail of trading with multiple trading is they can’t timing their trade to the price fluctuations because they are using their emotion to decide on their trade instead of price action.

On the time that you are already that doing it that much on which on the sense that you are already spending up too much time and too much money but still having that fixated kind of strategy and you are simply hurrying up yourself on making money then this is something that you should be stopping it as soon as possible. You are really that indeed making yourself that putting up on such harm because trading isnt something that you could really be able to treat up that way or else you would really be ending up on a disaster.

Dont overtrade and there should really be that kind of limitation on everyday dealing on which you should set up a particular profit taking or point and if you do able to complete it out
then this is where you would be deciding that you should really be just that calling it a day and completely stop and dont ask for more. When desperation do really kicks in then it
would really be that so damn hard to stop mid-way.

You are talking facts and to be honest, I am one of those newbies who had this mindset that the more I will trade the more I would be able to make a profit, and I even traded in futures and I spent my whole day of 12 hours in doing trading and I was not good enough, the big problem was I never tried to learn it from experts or took any courses Instead I thought I can learn it only by doing it.

And when I started to make some money on the 3rd or 2nd day, I became more greedy, and even after making a good profit, I thought I should take an extra trade so I could make more profit. I did not know when to stop, it's just the day was bullish and whatever trade I was taking in futures I was making money. But when I made my last trade of the day I lost everything and then I regret on my this single trade because I was dumb enough to try to save it from liquidation and spend all of my capital to increase the liquidation price and end up with nothing.

I learned this lesson the hard way, but to all newbies reading this post, please take this post of OP for sure.

When the market is bull market, a lot of brilliant people appear.

The truth is that when the market is high any crap you buy makes you money.

What separates the good from the bad is how to manage it all when the market is in a bear market.

I am not sure if this is true, it depends on the person. I mean it snot even all about newbie versus veteran neither, which I am sure plays a big role without a doubt, but it is also about the person. Some people trade for a long time and end up losing quite quickly and that's an issue ,but that doesn't mean that we are going to see that person be veteran or newbie, it just means that those people are just patient-less and can't wait for too long.

Some people trade for hours every day and do this for years without getting bored, and some people trade for a few hours just one day and on 5th hour or so they are bored and make a mistake. That should be the most important thing we should be having in the long run as well, it would be something decent for sure.