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Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

I have seen someone shorting a trade because he felt that the market has bought for a very long time, and when he did that, he was liquidated of the $30 he used in that trade because he didn't even know how or where to set his stop loss, so trading blindly is one major factors that cause losing in the market this days because when you know what you are doing, even if the market is going against you, you wouldn't panic as long as you use an amount you are willing to lose.

Another reason of the cause of liquidation is the use of high leverage. What leverage did the person used? Or if the person is trading highly volatile coins that he supposed to just gamble with.

Another reason is the lack of patience. Most traders wants to make money money as fast as possible but they will be losing because of the lack of patience.

Most people lose money in trading because they do not have proper knowledge about trading. I imagine from myself that when I trade, I trade completely depending on luck because I do not have much experience in trading. Due to not having much experience, I have to leave my trading completely to luck. And by leaving it to luck, you can never make much profit in a trading platform. However, I have not entered the futures trading platform yet. I entered the spot trading platform and traded there for a few days and I made some profit there, after which I made a huge loss which I have not been able to recover till now. However, most people lose money in futures trading platforms due to using high leverage and not having proper trading experience.

This is similar to how casino players place their bets, hoping for luck. But in this case, sooner or later, he will lose his deposit, just as casino players lose their money. Without a basic knowledge of trading, it makes no sense to start trading, as you will simply lose your money.

Anyone jumping into trades trades without a plan, strategy, or any risk management strategy should not expect that they will make profit by any luck. At first you have stacked the odds so high that you stand no chance of profit even by a little margin.

You can't even hope your self to making profit.

You must be an intentional trader. And one of the hallmarks of one is that you possess high emotional intelligence.

When you are diving with trading or any other venture or career that you would be trying out to take, then its always been that recommended that you should be knowing on what you should gonna do. You can't just that put up yourself into a situation on which you do make out some engagement on which it ends up that you dont have any idea on what you've been doing. In regarding about into the example above on which making up some positions purely based by intuition or instinct then you are just that basically doing gambling because trading isnt something that you can rely with those random entries. Even though there's no such thing about 100% precision but it is that totally different or another story when you are making up some trades on which basing up with having those analysis that has been applied in comparing into those trades that you do just that purely putting up some position without any basis. You would be finding it out or will be having those realizations later on.

Trading skills isnt something that you can be able to learn in a short time period. There's no way that you can be able to ignore out the risks level when doing up on trading on which the risks involved isnt something that you can be just that simply not to think up that much because if you cant be able to bare up with the risks then its better not to trade at all. If you are making up some gambling like kind ofapproach then you should be doing gambling game in the first place. You should trade on having that preparedness or having that kind of readiness on which you cant just that make yourself that dealing up with it without preparations because you are just that basically wasting up your money on that case. It might take up that long or tons of trials and errors along the way on learning it, but once you do have that good grasps into it then you would basically be able to have that opportunity on changing up your life in terms of financial condition or capability.

If it's someone that can take advice from you, tell them to learn how to trade, let them learn the right strategy and pattern to use, otherwise this is not going to be the last time they will be liquidated. Some highly experienced traders do not get liquidated because they place their stop lose in the price level where they already know how much lose they will have when the price touch their stop lose.
If that person can listen to you, let him or her go and learn more about trading before putting their money.

Trading is not something easy because it has a high level of difficulty, knowledge is the main basis that must be owned, flight hours also have a big influence on position entry and trading psychology, then careful preparation is needed before deciding to enter the market, it is highly recommended to really understand the potential of the token to be purchased, see tokenomic, whitepaper, etc.

Technical analysis is the most important thing to master when you want to trade, with technical analysis you will know when is the right time to enter the market and when is the right time to exit the market, usually a trader does not take long to close a position, maybe around a few hours, at most a few days, depending on what type of trader you are.

Leverege also affects, imagine that you are tired of analyzing from technical or fundamental, but in the end you are unable to control emotions, the euphoria of wanting to get rich in a short time makes you forget about the potential risks that will be faced, so it is not uncommon for a trader to get out of the trading plan that has been made before.

Greed is the main reason why traders are pushed to trade blindly. Because they have seen other traders are in profits, so they also want to experience the same, not knowing that trading without knowledge and preparation will only lead you to greater losses, seeing yourself in profits will just remain a dream.

Trading is a faster way to make you rich, but trading blindly will certainly lead you to get broke and even homeless. That’s why one should apply high caution once a person aims to enter trading.

Nothing can actually stop the losses one can experience in trading because even the best of traders or most successful traders usually faces lose too but this loss can be calculated and be controlled to some minimal extent by a very good trader such that they don’t even face liquidation. It is those traders that enter the market blindly without any knowledge that usually losses or all their money to liquidation. This people to me shouldn’t be regarded as traders but rather should be called gamblers as that’s what they are.

This your example is mostly about those who trade newly listed coins which are mostly airdrops, there are individuals who simply wait for the listing of such coins and simply short most especially if the airdrop didn’t do well with their allocations, and this kind of trader usually get liquidated because it was a weak trade signal,

He was using leverage actually, and he was trading pepe/usdt with a 10x leverage, I never knew that he knows nothing in trading in the first place, it was when I started asking him certain question a trader must know, that's when I knew that he knows nothing about trading, he just dived into trading blindly.
I just hope that most traders  learn that trading blindly is a very big financial mistake that should be avoided.

He thought that he could get rich quick just by trading Pepe with 10x leverage. That's too risky when it comes to other coins or tokens like Pepe that are too volatile without the proper risk management, you will end up liquidated.
If you are blindly and randomly take position on the chart without proper analysis, that's a gamble. He should need to start learning the market first since he doesn't have any knowledge yet. I'd like to suggest he learn it first with paper money. Learn price action, chart structure, and, most importantly, risk management and emotion, and don't forget to learn from mistakes because that's the thing you need to avoid trades if you encounter the same price action.

If you'd like you can bring your friend on this guides below I'm sure all he needs is already there

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://github.com/learn-crypto-trading/learn-crypto-trading.github.io/blob/master/_posts/2019-02-05-chart-patterns.md

Yes, that's right. Trading without knowledge and without good analysis is the same as gambling, let alone trading blindly without a strategy, just relying on luck and praying. Trading is complicated, without analysis, without a strategy will make you bankrupt. Many beginners who trade carelessly but get profit, but because they think trading is easy, they end up trading blindly but in the end will lose everything.

Indeed, sometimes when trading there is luck too, especially when the moment we enter is right, but it cannot be controlled because you need knowledge and strategy in trading. Why do people trade blindly? One reason is because they have experienced good fortune so they hope to be able to do it again, even though the problem in trading is not in the market, but in how to start it. Don't just enter without a clear foundation of knowledge.

The title of the thread already answers the question - trading blindly. That’s the main reason people lose. It’s no different from gambling on random outcomes, and in the long run, the trading fees alone will drain your funds.

Yes, trading can be more profitable than gambling, but it’s not for everyone. It requires knowledge and discipline. If we don’t understand what we’re doing, we’re just guessing. But if we take the time to learn and build our skills, then maybe we have a chance to actually last in this space.

Those who rush into trading without sufficient knowledge and skills, and have not even prepared some good strategies are obviously those who are trading blindly. And since they have no idea how risky they are doing, they end up losing and messing up all their money.

But, everything can be learned in trading. If you think you have been experiencing too much losses in these past few days, maybe you are trading blindly, or you haven’t mastered yet your potentials in trading, so just keep your patience when learning.

You cannot trade on hope or trade with hope alone. Real traders possess real knowledge of the market and have invested a lot of their time studying the charts for observations. If you are a new trader in the market and think that you could just make trading decisions without any analysis or knowledge, your decision is just more of guesses, and they will most likely end wrongly and unprofitable for you.

If a group of friends all stat out to learn trading, not all of them will be successful at the end. and the reason is simple, because not all of them can remain dedicated to learning or even have the courage for practice of what they have learned.

Trading blindly for me seems like you gamble against the house edge, it's clear that you are relying on luck, not your skills.  As traders, we should avoid trading based purely on feelings or assumptions like “the market has gone up too long.”  Create a defined plan with entry and exit criteria based on analysis, not emotions.

Always keep in mind that protecting your capital by setting stop losses before entering a trade is a better idea which as knowing where and how to set them is important to limit losses and avoid total liquidation.

Traders who are still in the phase of committing consistent mistakes and losses are not actually trading blindly. They have the idea about trading, but they lack the essential knowledge and skills that will make them good and reliable traders. And because of their greed for profits which they can’t control well, we are all greedy actually, that’s the reason why they keep losing in trading.

Most people lose money from trading because they have no knowledge about the risks of trading. It all starts with the lure of making a lot of money and the propaganda of some social media influencers. Most influencers use social media for their own benefit to promote that they have made a lot of money from trading and that it is very easy to earn from trading. They even don't forget to mention the use of their referral code.

In this case, some people are so stupid that after doing a little research on trading, they consider themselves professional traders and start trading with money. As expected, they lose their entire money.

Not only that, one of my colleague who claimed to be a profitable trader not only trying not to understand the market but rather would find a way to justify what he wants the market to be, for instance he wanted the coin to go up and he is going to take a look at different patterns that will fit in a certain timeframe and claim it will go up and we knew that it doesn't work that way, you're supposed to understand what the market is currently doing, wait for right time and see what is the market is trying to say before placing a strategic long/short position.

Many traders lose hope in trading because they lose their money many times. But that is happen because they can not learn more details about trading and not trying to understand how trading work. They are lack of knowledge in trading so that is the reason they lose in trading.

If he can analyze before he trade, he will find where the market will move so he can place his order long or short according to the market move. But if he just predict without analyzing the market, he may lose his money without make a profit.

Besides that, many people still depend on other people signal in trading so that will not be good for them. They can not always guarantee make a profit because of that so it is why they should learn trading.

That's why I believed that trading is not for everyone. Because the chance to lost big money is huge, specially if you really don't know what you are doing. Or just relying on trading bot as it has been promoted as bringing us profits. Nevertheless, all the settings and parameters should be right before you can trade. And it only comes from experience.

In the beginning it might help you out, but you shouldn't put yourself on it. If you really wanted to earn a lot of money and that is your goal then you should learn everything by yourself. But it will take sometime though. So trading is not the easy and not that money that you need to spend, but time and effort as well.

I've seen plenty of people trading based on their gut feeling, the result is random but most of the time they got liquidated.
The blind traders like these are food for the whales to get liquidated, they don't know the fundamental of trading and will just blindly put an order, if as it happens they put long order when RSI is high and price is at peak, the result will be obvious, an instant liquidation.

People should learn the fundamental of trading first but I bet my money these people won't bother and will always depend on gut feeling and getting wrecked later.

Pepe is a risky coin by default but he seems not contented with it and pump its risk 10 times, lol. That's a suicide already. So, even if he knows how to operate a stop loss and he enables it (if it is disabled) there is still no guarantees that it can save him since his trades are very sensitive.

A lot of traders are like him and then a lot of aspiring traders can also act blindly to follow that kind of people without knowing their true identity first if they are truly genuine or not. You're a good guy to be concerned and advice them like that you said there but it is also not our fault or responsibility anymore what happens to them. They are big boys already to know what they are dealing with but it is just that they only choose to be crazy or lazy.

The lack of patience in this context is that the person in question don't want to go true the right process and learn before testing the market, he just want to make money quick, forget that in life you learn first before you earn, that's just one of the rules an individual needs to abide with in other to be successful in what ever thing he or she finds themselves.
Story like this as narrated in the op thread is mostly the behavior of newbies traders that thought that trading is a get rich quick scheme, but that's by the way, am certain that the said fellow might have learnt his lesson even though it's the hard way.

Absolutely cannot blame on a lack of knowledge. Actually the average trader today has way more knowledge than the average trader in 2005 which is roundabout when I started trading forex. The forums back then were full of people asking even the simplest most basic things that today you hardly see in this forum.

Knowledge is power but in the case of trading, awareness of the self is more important and this is whats lacking. I know I sound like repeater almost daily to say trading is almost guaranteed to lose most of us money. Because we can't beat the psychology.

No amount of TA no amount of advance knowledge or power tools can solve the psychology of gambling. Of chasing losses. Of depositing again when you already lost your monthly budget. Or doing 10x leverage because of greed.

Normally, trading is about loss and gain. It is impossible to trade without losses, but when losses become the norm and one is unable to control them, it is a result of a lack of knowledge. Trading is risky and somewhat complicated; knowledge is what every trader needs to manage the risks and losses that are inherent in trading.

Before one can make a profit in trading, there is a need to have some knowledge, because when there is no knowledge in trading, one is expected to lose. Knowledge is the key to achieving better results in trading.

From your statement it is clear that I think your friend is gambling not trading especially since the coin being traded is a pepe coin a coin that is very volatile and can change very quickly even in a matter of hours so basically trading without a plan or knowledge will result in long- term losses even those who are experienced are not immune to losses, i suggest that your friend start trading on a demo account first while continuing to gather knowledge because trading is not about buy/sell but about knowing when the right time to entry.

If anyone is entering a trade without doing their analysis and just hoping that the market goes in their favor then they are pretty much gambling their money.
We can't call it trading anymore. The thin line in between gambling and trading is to know what you are doing, why you are doing and how you are doing.
That is how the probability of hitting our targets increase and that's how we should trade.

Gambling is better than trading. Gambling is a thrill and probability is less. Trading is a win and doesn't involve much thrill. Some people compare gambling with leveraged trading. Leverage is easy and gaming the mind. An academician will always be better in trading than the rest of the players.

Has anyone else noticed a strong correlation, between the tendency to want to jump on things like "futures" and derivatives and shitcoins swapping and pump and dump stuff, and just morally bankrupt people looking for a shortcut to everything in life with no risk?

Like, you risk your future to put  a ton of money into bitcoin and you go up and down and in the end you did right... or you sacrifice your spending money and do what you can at a lesser level but, just go forward step by step.

OR

You wanna jump on something going to the moon and bail out before it take everyone, you wanna maximize money returns in fiat FOR THE SAKE OF CONVERTING BACK TO FIAT. You wanna make a gain at the expense of someone else loss and do it with minimal input so minimal personal exposure risk.

Its like a "type" of person tends to lean to one path and another type leans the other way, and its fairly (but not universally) consistent. Altcoins are going to poison the strategic reserve causing public outcry against crypto in general due to shitcoin manipulation and losses which will in turn damage BTC’s reputation probably collapsing the entire reserve plan in the short term hurting BTC gains and starting the bear market. General market sentiments in terms of how comfortable people feel with investing their money will exist for an indefinite period of time, and that behaviour can certainly lead to bubbles. I just think there are diminishing losses and diminishing gains as the masses become more aware of Bitcoin and as the price rises. I think people saying to "buy before a major event and sell 18 months later" will be wrong eventually, although I know many people that said the same thing I'm saying now 4 years ago.

We can give out some advises but it isnt something that would be making out some authority or mandating them on what they should gonna do. Its none of our business on what would be the decisions been made of by these individuals in regarding into investing into something. It would be a choice in between those solid top coins in the market or they will be that dealing into those low cap or meme coins on which they are that eyeing about on making huge profits at the time or moment that the market would be making out some bullish movement. Risk management is very crucial when dealing up with markets. You cant just that place up some positions without trying out to look on what are the probablities in speaking about potential loses along the way. Trading up blindly can be considered as gambling as we do all know that we do need up that proper analysis and you cant just that make out some trades without any basis because if you do then you are just that simply doing gambling and you shouldnt have done this one. Although there are those times or situations that you do made out some trading without putting up that much of some research and analysis or simply making up some trades on which basing up into some intuition on which we know that its not that recommended to be done.

Some say trading without knowledge is like gambling.
Trading is indeed not a simple thing that can be done and understood easily. There is a lot to learn before finally trying trading. Everyone who trades certainly wants profit, but if you want to make a profit, everything must be prepared.
Even those who are experienced in trading are not immune to losses, let alone those who are just reckless and blind.

Majorly, that's a point here people who lack a proper understanding about trading are prone to consistent losses in trading.Many people don't realize how and what the complex market entails.To achieve ultimum benefits and success in trading, education and discipline application is vital for all.

From your explanations, the guy doesn't know anything about trading at all and it seems it's the first time he is trying something like that in his life.
And it's even more worse that he consider future trading than spot where could be more manageable in his asset. You should read all the comments and advise your friend what you learnt on here to never try that next time.

If he wants to be successful in trading as a beginner, let him trade on Bitcoin only and let him be patient enough to sell off for profits.

They're the Hogs. Those are the only ones who don't make money in trading. Otherwise, the bull makes money, the bear makes money, only the hogs suffer loss. When you understand this concept you will realize that those who lose money trading are necessary for the market to be a healthy one.

It's called sentimental analysis. We all traded that way at one point or the other. Some of us still trade that way till date. Sentimental analysis has made many of us to have patience for our losses, waiting for them to revert but we get impatient with our profit to allow it to continue running. Well, there's a place for SA after TA and FA. I've a friend who used to rely on his gut feeling to trade. He was profitable for quite sometime until it started getting messer for him as his sentiment on trades couldn't hold anymore.

I know in trading, their is no way you can avoid loss, trading is all about profits and loss, but we should make sure that our profit is more than our loss, when you start experiencing more loss in trading, then you should know that something is wrong, and you have to check the strategy which you are using.

Most newbies joining trading right now don’t really know what trading is all about, some of them learn about trading on social media, and will decide to jump into it, they lack proper knowledge about it, all they want is just to make money without having proper knowledge of how they are going to be making the money, and that’s why most of them do end up looking for trading signals and they will fall into scammers hands.

Anything you are planning to join, make sure you have proper knowledge about it first before you involve yourself, don’t jump into it because you know people making money from it, we are all different and even if other people are making money, you have to understand what they are doing first before you can also make money.

I have to agree to this because I have been a victim before, trading blindly is the worst thing a trader can do. When you do this you are basically gambling and not trading at all. Those that claim to be trading with this strategy are deceiving themselves because they're not trading but gamblers on the outcome of what the market might be. Trading should be engaged in after several research has been done in the market. Trading like you're gambling is the wrong way to go about trading and if you're continuously doing this, you're going to be losing so much in trading to be capably of keeping this as your career. Traders are meant to be researcher's that have spent several hours researching before they start trading.

If you prefer to use high leverage in trading despite of the the fact that you still lack the knowledge and skills, that will certainly lead into an undesirable outcome. What’s the reason behind this? I would say it’s all about greed, and being not in control of your trading decisions and actions will only push you to lose your money rather than making more money.

Trading is hard and risky, everyone knows that. And it will get harder and riskier if you only trade for the fulfillment of your greed and immature decision making.

This is pure gambling. Yes, any trader who starts trading blindly is only gambling with his money and is never fit to be regarded as a trader. I have never seen a trader who trades blindly. Even if they don't know much about trading, they at least rely on trading signals to make decisions.

Even with sufficient knowledge, some traders still have losing days. I'm still wondering what would make someone think trading is so easy that they can just jump into it without learning. Maybe it actually is easy, yeah, an easy way to lose money.

To all newbie traders: never be deceived by what you've been told about trading. Do your own research. Get a mentor, learn, and treat trading like a career. Professional traders invest a lot of time and commitment into what they do.

Using an amount that you don't care about for trading shows that you already have risk management skills because you know this could go wrong for you and with no knowledge about crypto and their PA we can lose so why not just trade with little amount and test it.

Although a newbie can start trading with $10 but $30 is also not a big amount and it will be a lesson for that trader to start learning first and then practice. Some people think they can easily understand it if they will just start it instead of theocratically understands it but they don't understand crypto don't work like that.

On this case on which i would be suggesting that you should that make yourself that be wary about or knowledgeable even with the basics. Therefore, if you are just that new into trading then the best approach will be having that demo trading. Try to familiarize when it comes to technical aspects on which coming from indicators and all the possible terms and on how the execution been done and other things that you can be able to learn. We do know that demo trading wont be that enough for you since it would be that completely different if we do speak about into those real balance trading or speaking about real money on which it will be that involving emotions on which this is the most hardest thing on which you do need up to learn or needing up to control. There are those individuals that it is fast to learn and there are those slow ones. Trading up blindly will be only that pertain into those people who dont have any idea on what it is.

Mistakes will be the learning steps for you to become more better on which you would be needing up to consider out on learning into those errors that you had made out in the past. You cant just that made out some trading and making out some positions without even realizing on what they are doing. Dealing up with volatile market would be needing up that serious approach and specific tools on which you should make use so that you would be able to handle yourself on the right way and not just that simply doing that would act out that you are doing gambling. You are the ones would be needing up to realize because if you cant be able to think up on what are the things that you should gonna do then you are just that having no idea on what you are dealing with. Dealing with volatile space will be needing up that proper ways or methods for you to be able to sustain or would be able to handle it out.

Yes, trading without proper knowledge is a way of losing money easily. So, before starting to trade, one needs deep knowledge about trading. Trading without proper knowledge is just like gambling, and it depends entirely on luck. However, trading is not about luck,it's about how good someone is at analyzing the coins they want to trade and how to manage their trades effectively.But the truth about trading is that even with proper knowledge, someone can still lose.

However, knowledge is the key to success in trading. Once someone is knowledgeable about trading, they will likely make money over time. So, if beginners who want to become traders can be patient enough to learn about trading before diving in, they may not lose money the way others do.

There is no denying many traders are trading blindly without knowledge and thinking they will get lucky, but that is not the only reason why people lose money when trading.

Trading is not easy and is not for everyone. Even seasoned, expert traders cannot guarantee that they can consistently make profits in the market. Since the cryptocurrency market is full of manipulation and unpredictable volatility, knowledge, experience and skills can only help us minimize risks but cannot guarantee anything. So whether we are a newbie or a professional trader, we should only trade with money we can afford to lose and be willing to take risks because that is part of the trading game.

These are traders who rely on luck, not on strategies. Indeed, there are many such traders, and they all end up losing their money. But I believe that what happened to them could help them realize that trading is not just risky, but something they don't have to take easily.

In fact, I've been in that situation before. However, I changed because I want to make passive results, and urging ourselves to work hard and invest time learning trading is exactly what we need. We only trade with confidence when we are fully equipped with knowledge and skills.

It is the feeling of being a pro trader when we are just a newbie that leads to failure in trading.  We all know that trading is just putting a buy or sell order on the market that we think will move.  There should be intense research and knowledge on both fundamental and technical aspects of what we are trading.

Of course, learning the price history and movement pattern of a certain market is a must to learn.  This way we will have an edge since we have uncovered the market movement pattern of a certain market.  At least in this way we have hints on what will possibly happen on the next week or days of the market and would be great if it is paired with the knowledge of techinical analysis. 

Blindly trading? Means just gambling. Trading isn't too easy for newbies, crypto users. Need a lot of time to learn trading and understand the market. At the beginning, newbies will lose on the trading. It's normal, and you have to accept it. So he will learn day by day and gain knowledge from mistakes. So once a day, newbies will become pro traders.

Every trader should have their own strategy for where he should enter and where he should exit the coin. Buying blindly means nothing; he is just depending on luck. And so far we can see blind trades won't give you a good outcome always.

Trading can actually be a lot to handle and so you need beyond just luck to be bale to handle it because even in cases where you have to depend on luck to an extent, you will still need a hand full of knowledge to get you to doing the right thing so you can possibly make the best of trading and not just gambling or guessing and hoping to get lucky some day.

In the required knowledge you will be needing to trade better you may also need to have the following as complementary to the knowledge so you trade better, they include a god knowledge about the kind of Asset you are trading, the volatility of such asset, the dynamics and the opportunities you are likely to get trading such asset and that can mostly be seen with the results you get trading that asset over time, not to forget, its also very important that you get to learn to be patient as well, as its a very important and essential character you should posses while trading in other for you to be bale to trade better and see opportunities enough to utilize them when they arise. Try not to leverage too much as that too can be really unhealthy to you portfolio and lead you into early bankruptcy and blowing up of your account before you can realize it, and when you have gotten all the knowledge and the patience, make sure to always stay discipline enough to sticking to that which you know and that which works better for for you than trying to always switch in between strategies  too often.

Once a trader is knowledgeable and even skillful in trading, that gives him the edge over other traders who are trading blindly. However, all traders are still prone to losses, but those who still lack the knowledge and needed skills and strategies in trading will certainly become more susceptible to losses.

They may not be trading blindly, nor highly dependent on luck, but what they currently have are still not sufficient enough to make them reliable and profitable traders in the long run.

Why he get liquidated is because he made use of high leverage since the amount he is trading is not even that high enough to bring him such liquidation risks so I believe that he may have fallen for the trap of greed by using somewhere around 8x or even above to short that position, which will definitely trigger his bankroll bursting and now he blow up his funds.

Agreed because no trader that's serious about trading is going to do it blindly. A real trader won't go into trade that they're not sure about hence why will they be trading blindly when they can do few research about the market and get an insight of how the market is projecting. it's only newbies that trade blindly because they're gambling due to how they have gotten information about how trading is like gambling. When they start with the blind trading, they can get lucky but the luck doesn't last forever hence they'll still need to learn how to trade for real and not only depending on luck when they trade. No one becomes good at trading by trading blindly, they have all had to be intentional with trading and have mastered it over the years.

This particular instance of praying while a trade is going against you is usual and I have also seen it happening to most traders when trading. They think trading is just by praying and having beloved that God will answer your prayers, little did they know that the prayer point of praying while trading is to master the act of trading and having sufficient knowledge to able to tell where the next movement or the chart will go. Praying is not enough to win in trading, you’ve to be knowledgeable also.


This person is just gambling and not trading because a good trader won’t have such mindset towards the market. The reason for shorting a trade should come with some technical or fundamental analysis of the market and not just by mere following your emotions of the market. Thinking the market will buy only after selling for a long time to be the reason to take a trade signifies that you’re not a trader and you don’t also have the basis of knowledge a trader should have.

That’s one of the reasons actually that put the trader into losses, thus trading blindly due to greed and the love for bigger profits, not realizing that it could even lead to a loss more than multiplying the capital. So if you think your knowledge and skills aren’t good enough yet, better not to trade but just buy and hold first.

Trading blindly means trading without proper analysis and skill and that is gambling, factors like this are the reason why trading is considered as gambling most time's, so we can blame people for making such statements about trading since we keep seeing actions that point to that tendency, majority of the time, trading should not be allowed for a newbie unless they can practice on demo trading accounts before they use real money.

Trading and having that kind of luck dependent will be leading you nowhere because this isnt how you should be that trying out to deal up with trading in the first place. This will be needing up that specific skills on dealing up with volatile space. Yes, we might be needing up some luck somehow on some point but not all the time we can be able to rely from it because this isnt gambling after all. You will be needing up to consider on trying out to deal up with different scenarios on which that having this unpredictable market is never been that an easy task to handle it out. We've been through those unpredictable movements on which its ideal that you do need up to have that proper analysis on dealing up with it. Trading blindly is considered to be just that a pure gambling because if you are that trying out to deal up with something without proper preparations and proper strategy then you are just that basically putting up your money into something that you dont have any idea on what you are doing. Trading does need up that skills, focus, knowledge and that perseverance on dealing up with volatile space. You cant just that make yourself that making up some trades without even knowing on what it is. You are just that basically wasting up your money if ever you would be doing trading but you dont know even executing the best way as possible. Trading is a skill that you would be needing up to learn and its not something that you do only put up some position and just simply forget and sees out whether the price goes into what you had predicted or not on which this do shows with this kind of approach is that you are just basically doing gambling on this case on where there's no analysis involved at the time that you do made out some trades on which this isnt that right. You shouldnt be trading blindly because thats gambling if you have those kind of approach. You shouldnt have done trading in the first place if you arent that applying some analysis or proper preparations in towards it. On the moment that you do able to learn trading skills then this is something that you will be putting up yourself into the probability on having that financial freedom. It all matters about on how good your are and be able to develop out such skills.

I think a majority of people are trading blindly to some extent.  I can't tell you how many people still think a stock price determines if a stock is expensive or cheap compared to another stock.  People don't understand the basic fundamentals at the very simplest level when it comes to investing and it isn't just a minority, it is most people.  I'm always shocked at the lack of investment knowledge I see when I'm out in the real world with the normies.  This is why investing is so easy if you don't do stupid things.  It's like playing a video game against someone who doesn't know the buttons or even how to use the controller.

As a trader you don't have to trade blinding because you will lose a lot of money, some people get involved in trading with the believe that trading is just all about luck and this believe made them refuse to learn about trading and how the market works, a friend of mine join trading and he has been trading without any good knowledge of trading because he believed trading is all about luck and he is losing a lot of money.
There's something I want to let people know, trading is not all about luck if you don't know how to study the market you will keep losing, trading is totally different from gambling, so don't trade blinding.
If you want to start trading go for a training, fine someone that will teach you how to study the market very well before starting so you won't be losing always, I'm not saying you won't lose but with knowing how the market works you will always be in the winning side than the losing side.

Most new traders today have little knowledge about trading. They have no idea how risky it is to enter the market when they think of it as something they can profit too quickly. But that's not how it goes for all of us and even the best traders still struggles sometimes with their trades. And that's how they should understand that trading isn't going to be good as what they think and even before they make good and profitable trades, they have to go through with several losses that might discourage them to continue.

I agree with you, there are many new traders who think that trading is easy and can be done by buying when the price is low and selling when the price is high. It is not as simple as it sounds, meaning that each trader must determine their own entry point and determine their sell point and all of that requires them to make an analysis. New traders are not good at analysis, but they seem good at trading by luck especially if they enter when the market is at its lowest point.

Experienced traders will surely say that trading is not easy. They make analysis, learn from past mistakes, make the right decisions, but even all of that does not guarantee them profit on every trade they open. The market is very volatile and no one is guaranteed to make a profit, so I say that trading is not as simple as it sounds.

I agree about 'trading with luck'. I've experienced that and I thought that I am already the best trader but it didn't even took long enough until I have realized that this market is not playful and welcoming. Newbies that trade based on luck will learn the hard way. But if they stick to their plans of making this as part of their source of income, they will have to go through a lot and a continuous learning is a must so that they are not goin to trade blindly and based on their emotions.

To add to what you have just posted, most traders don't know the market and that's a big problem for a trader, because if you don't know the market ,it will always swallow your money. Some traders don't even observe the time frame of the market and they will just take a trade and loss or maybe in the one minute time frame the trade is selling, but in the fifteen minutes time frame it is actually buying, the one minute sell is just a deceiver because if you stake that market, it will buy and you loss your money. So it is good to know the market from the different time zone and trade carefully to avoid any form of loss.

Well if you're a newbie in trading, that's understandable because when you're just starting, obviously you don't have any knowledge whatsoever. What's wrong is that, you already have lost a significant amount of money, you have the knowledge that could help you already, but you're still trading blindly with no strategy at all. If that's your approach in trading then your chances of losing is close to 100%.

As for the scenario that you shared, I'm just like him as well... in the past. Making a decision based on FEELINGS, and EMOTION. If you're trading like that then you will likely lose your money in trading. This is why many say that before trading, learn to read the charts even just the basics of it only because that would help you in your journey. At least learning how to use different indicators, learning chart patterns and candlestick patterns are already a big help for you already.

Trading blindly is for me a "sin" when it comes to trading. You must have a strategy if you want to win. If you can't find the strategy that works for you then, find it. :D

One ugly truth about trading is that you don't get anything for free in the market, you earn based on merit, anything that makes you enter the market blindly and you make a few box out of it, in your own thinking, you have gotten it right, it will be just a matter of time before you lose everything including the money you made.

I have heard of a story where a guy used $10k to make up to $60k by trading blindly, but it was not even up to two days interval when he lost everything including his initial margin, so trading blindly can never gives you a better result on the longer run.

This was my habit at first. I found it difficult to analyze each coin but later I gained some trading experience, and things improved. Not much but better than before.

Most beginners do this because they hope to make a quick profit, so they don't want to bother themself by learning or acquiring the necessary trading skills. Later, when they start experiencing consecutive losses, they realize that trading isn't easy and that it's not just about buying low and selling high.

Yes, most people do that. Nowadays, most people start trading without having a proper idea about trading, motivated by watching some videos and they think that within a few days they will make a lot of profit and become rich, but the reality is completely different. I have seen many people who have lost money from trading, one of them is my cousin with whom I went on a trip and at that time he traded futures and after a while I noticed that his smile was no longer like that, he was completely upset. Later I asked him, then he said that he had lost about $ 300 while trading futures. Later he prayed a lot so that he would not lose his capital, but in fact, the matter does not depend entirely on prayer. In fact, very few people who trade have the right idea or the right knowledge about this. So since it is a financial matter, we should all have the right idea while trading.

I bet you are targeting those beginner traders in particular. They rush into trading without even knowing when to enter and exit the market, and end up losing their trading capital. We all have been there, and clearly that thing pushes traders to trade blindly is their personal greed for money, that they tend to lose control of their emotions once money matters is concerned.

However, with gained knowledge and skills brought by trading experiences, those who trade blindly are slowly doing the right thing since they can’t afford to keep losing then, otherwise if they haven’t learned a lesson from their previous losses, then they shouldn’t be trading for good.

What most people lack is actually Patience, this is the bedrock of everything... trading can be very exhausting and if you are not patient enough to reap the benefits of your hard work you might end up giving up.. Trying to rush the process isn't going to help, you can't just dive into trading without learning properly... for you want to earn you must make time to get enough information that would help you

I agree. Many people lose money in trading because they don't fully understand what they're doing - I can relate here, especially before when I was just starting to trade.

Instead of learning how the market works, they just hope their trades will be lucky, which looks like gambling to me.
When things go wrong, they panic or pray, which doesn't help.

Successful trading needs a solid plan, good knowledge, and self-control. Not a simple job.

Reminds me the early days when I was still lacking knowledge and would short a coin just because its been rallying and hitting ATH, at that time reality struck me because a coin that's in ATH yet still have high bullish sentiment will definitely broke another ATH.
Right now I'm more calm and collected, because I know how market works, though I'm no expert but I know not to short when market is bullish and not to long when market is bearish.

The market will always try to caught people off guard so it's wiser to understand the bigger picture when it comes to trading, knowing the resistance, support, etc that will help increase our understanding about the market.
No more reckless feeling based trades anymore.

Excellent point. I have noticed that more and more people are trading with high leverage. It's kind of a new trend to trade with 10-20x leverage which is nothing but gambling. People are sharing screenshots on X where they made $10k from just $200 with high leverage and new traders think this is an easy way to make money. It's absolutely NOT, because when someone earns $10k, there are 100s of traders who get liquidated.

Patience I'm not sure because having too much patience can be problematic too. Sticking with your trades is good but sticking just because you have an emotion with it, can lead to total liquidation.

You see most persons, believes that trading is all about buying low and selling high, they don't even take their time to understand how the market even works. They don't even study the trends, they don't even have  a clear entry and then exit plan, and to crown it all,
they have no idea about what risk management entails. This is just like walking into a battle field with no strategy and expecting luck to save you.
Prayer is good yes, it just that the market care if you are a prayer warrior, I mean trading is skill-based and not faith based. That why one has to learn this skill through proper education and training if you want to last long in the cryptocurrency space.

It’s like learning only takes a lot of time, and for newbies it could be a waste of time knowing they can still be profitable from trading in just a short span of time. But we all know not all traders are destined to be in profits consistently. Some are just good at the start, but when their strategies have lost its efficacy and are now losing at a consecutive basis, then they will understand how difficult trading is, especially if they’re fully aware that they are just trading blindly.

It's important for us to realize when trading doesn't work even after trying our best, that perhaps trading is not meant for us. Not everyone can make money from trading because not everyone can be a trader.

It always sounds so easy that all you need to predict is whether the price will go up or down. But if it was that easy, people would have become millionaires by now. There are many websites where you can predict the price of BTC in the next 30 mins and double your money. These sites operate profitably because they know it's just impossible to predict with reason in such short period.

More people are are getting liquidated these days because they are gambling in the name of trading.

Patience is a very valuable asset among traders today, which is very hard to find. Some people think of trading as "enter and conquer". The main problem is being lazy in acquiring knowledge and being tempted by making money. As a result, they enter the trade with the aim of making more money without doing any research and start trading using high leverage so that they can make more money, but the reality is the opposite and they only lose some money. Therefore, it is very important to do research before doing anything.

Using most people for this explanation is not right, the people doing this are few and mostly newbies in trading. The market is so brutal for people who behave this way so they are easily frustrated and remember to go for knowledge. The biggest reason for failure in trading is not lack of knowledge but poor trading psychology.

There are things on which arent meant for us no matter how hard we do try or on how long that we do been that dealing on with it on which there's that appropriate time and event on which it would be ideal that you should be that saying no and would completely stop and would find for another career that you do need to take on rather than on forcing yourself into something on which you do see that it doesnt work for you. Somehow, you should be that setting out some specific time and assess it out if you have been testing out trials and errors for so long and you havent been still able to make yourself profitable after a very long time of testing it out then its better to quit and stop immediately because it doesnt work on you. Dont force into something on which you do know that it wont work but it doesnt mean that you do just easily gives up when you are just that facing up few loses because thats not how trading works and its never been simple in the first place. When we are just that starting with trading then it is just that so common that we will be having those kind of mistakes on which come to think that even experienced ones do have that kind of mistakes too on which its just that right that you will be making up some adjustments at the moment that you do commit out such errors. We cant be perfect but it doesnt mean that we will be able to control ourselves or trying out to make up some adjustments basing up into the condition. Trading blindly will be particularly means that you are just that doing gambling on it. Trading isnt something that you can just that put up your position then you are just that needing up to wait and making money out if it on which it doesnt work on that way. Trading blindly would be only just that make your trading capital would be just that be blown up easily because having on no plans or management with it. We do know on how crucial it would be on having these kind of considerations at the moment or time that you do make up some management of your trades specially into the funds involved. You cant just that make out some positions without having those considerations on managing the funds on which this will be that so crucial on this aspect.

That is the reason why it is highly recommended for a beginner to first learn on a demo account, none other than as a step to adapt to the market, at least they will know and understand how to use the various features provided properly and correctly and also at the same time learn from various sources (the internet already provides everything) related to how to trade properly and correctly and usually professionals have explained how to trade according to the amount of capital you bring.

A demo account is one of the initial steps that I think is effective for adapting to the market and platform and after that you can get involved in real trading accompanied by good risk management and financial management as well as to train your mental and psychological. so I quite agree with OP that knowledge is the main capital besides capital to be a good and focused trader.

A similar incident happened to a close person of mine. A friend of mine showed him a profit from futures trading and later he went to trade the same way but he didn't understand the concept of liquidation at all and he lost a huge amount.

Actually, I think that going into trading without trading analysis skills is like leaving a truck for driving to an inexperienced person who doesn't have any idea about driving. I would say that those who do this type of trading are actually gambling, not trading, but rather thinking of trading as gambling.

Exactly trading is being misinterpreted by so many such that they go in with different mindset and hope for a successful trades in the end which is most likely not going to happen. Having full knowledge about the subject you're going into matters in giving you a profitable results in the long run which is why one needs to exercise patience when getting involve with trading.

Well, that's the reality when it comes to trading, but once you learned it and you can stay profitable for a long run, you can get back those losses that you got when you're learning trading. I assume that the merit that you're saying is knowledge because for me, knowledge is one big factor in trading. The other 2 things are experience, and strategy.

As for the story that you've heard, I wonder how it happen where he x6 his money. Maybe it's because he invested or traded into new meme coin during the meme coin hype because for me, that's the fastest way to make that kind of money, but that's also the fastest way to lose your money just like what happened to that person.

Trading blindly doesn't make you successful in the long run. 3 things that you should at least have. A working strategy, experience, and of course, knowledge. Maybe you can add being emotionless as the 4th one. :D

This is a very important point. Yes, many people gamble in the name of trading especially in Memecoins, where they buy randomly any meme and wait for a lucky strike to rise by several x. Acutly his trading is no different from gambling.

The second issue is: the proliferation of scammers (who call themselves analysts) and fill Telegram channels, stealing recommendations from each other and selling them to subscribers for a monthly subscription and the unfortunate truth is that many of these predictions fail or are made by accident.

The problem is that people feel they can make money quickly from trading. Greed and laziness make this set of people not even do any research to know what trading is all about.

The truth is that trading is difficult, and those who don't even learn about trading find it difficult to trade well and achieve better results. It is very risky for those who don't have any knowledge of trading to enter the market because it will definitely not end well. Trading requires real knowledge, and no one excels in it just by luck.

I love the fact that you are able to emphasize on how difficult trading could be and many traders or upcoming ones should know what they are going so in the future they don't keep complaining about continues lose of fund due to the trading.  Greed and and laziness has been one of the reason why many traders are not making it. Trading is actually for those that have the mindset less emotion about the market.
If we want to make money from the market, we ought to ensure that we keep doing the right thing that will attract more winnings to us without doing too much by trying too hard to make money from the market. Everybody wants to make money from the market but they are still confused about how many influencers tend to make trading easy so they can attract more traders in the market.

Perhaps if people starts to lay emphasis on how difficult trading could be it might help change the misconceptualize narrative that has been spread around that easy money could be made from trading. Because this is why we see newbies after learning one or two strategies within a month through a YouTube blog and then practicing the strategy on demo, they just believe that that's how it's going to result with live trade. And they get to blow their account at a go.

That is clear, trading in the crypto market is not as easy as turning the palm of the respondent, what more trading activities are carried out blindly, it will cause them to bear a lot of losses, other reasons for trade emotionally.

It is necessary to understand it takes a long time for someone to learn and understand trading carefully, for that do not be rash in doing trade and need real guidance before doing trade, Trading risks will occur when we do it no matter what methods do, spots, margin, futures are all at risk of understanding trade carefully in order to achieve good results.

It's not that easy to explain to people about difficulties of trading and negative consequences which can give them setback because most of the peoples those enter into trading and never think about all aspects of this want to be rich quickly.
Social media and YouTube vloggers are making things more troubling because they are looking for more followers, and they are also looking for peoples those invested into their sponsored projects which give them more money but due to these things society is losing its dignity.
Trading has never been easy for everyone here before entry always needed to be done good work and also have some good understanding of risk management and positive and negatives of blind trading because without this no one can take success.

Blind trading - it's a kind of gambling. They are gambling with price volatility and usually this can be done in futures trading. Traders aim for short-term profits with high leverage - not done with high capital, but with just a few dollars. If you are a binance user - check out the square section, there are many future traders doing it on a low budget.

Realization would always be that kicking out in the end of the line on which its normal specially when you are just that new then it would be that understandable that you are that prone into tons of mistakes and when it comes to emotions then you would be that still highly impulsive or reactive specially when it comes on losing trades or simply when you are losing money. There are those times or moments that you do become that too optimistic that you can easily make money with trading but on the moment that you do step your foot into this volatile space then you would be able to make out those realizations that it was never been that easy. Speaking about trading blindly then this would be pertaining into those actions that considered out on not to apply any analysis or even just that simply sticking into those technical ones and making up some entries and exits without any basis. You can consider yourself on doing gambling in that case or with having those kind of actions on which it shouldnt be supposedly be done at the time that you do play gambling. There are those times or conditions that you do become that optimistic at the moment that you can make easy money with having those random trading entries and exits. If you do continue to trade blindly then you are just that basically doing trading in gambling way on which its not ideal on any case. It would be just that too impossible that you cant be able to determine out on what are the things that you've been doing. You cant just that tolerate yourself on making bad trades and keep on losing money. Its never been that good and never been give out that good feeling. Dont make yourself as a gambler because as a trader then we are talking about sustainability on here and not just that trying out to burn money on purpose.

That’s one of the worse method of trading, but can’t blame them though most folks usually have the mindset that trading all about buying when is low and selling when is high . Not knowing that just the basic trading is far deeper than that , that one will require some technical analysis in order to have some edge In trading, and also need a certain strategy to keep to while trading .

In my opinion, those who come to trading also have some ideas about the trade. Their problem is that just as the trade starts to the opposite, and they are suffering from losses immediately. However, I will never blame this thinking trend because those who are new to the trade make such a mistake. But they should gain all the knowledge about the trade and then start then they will get benefits. What you are saying, token or coins are low if the price is low and sells if the price is high. This is usually effective for Spot Trade so it is best to invest. However, Future Trade This is different because there is a lot to learn here. Such as: Liquidity, Leverage, Stop Loss, Long, Short and analysis etc .

Those that think thinking is fun and they can continue making money from it just like they have been seeing in the Internet where so making traders are claiming to be making fast profits from the market. Anyone that follows this lies would end up losing more money from the crypto market.

Trading is very risky but those that are longing to learn how to trade might be thinking that immediately they learn the art of trading, they would start making fast profits from the crypto market. This is false and many people that are still having the zeal to learn about trading to do that in their own in interest. We are so many traders in the market but we have less profitable ones in the crypto market while many keeps lies about their results.

Your statement has captured the reality of trading very well trading especially futures trading, can be very challenging for beginners because it is not just a matter of buying and selling at a high price but it requires a lot of technical and mental preparation. To be successful in futures trading you need to understand both technical analysis and fundamental analysis. It is very important to analyze the market and make the right decisions. Therefore you should gain a thorough knowledge of each of these topics before getting into futures trading. Risk management and controlling emotions are also essential for success in futures trading.

Trading blindly is the same as gambling,  To begin with, a beginner should not even try futures trading. He should acquire a lot of experience first doing spot trading and learn enough knowledge and discipline there.

After some months if he can handle the stress of spot trading and manage to earn some profit with his skills then he can then dive into futures trading.

that's why i never agree with influencers who say trading is easy, considering the reality, where only 10% of traders are successful, it means trading isn't as easy as it seems. it's much more difficult, and not everyone can succeed. however, these influencers don't really care about that fact, preferring to convey misleading opinions to their audiences just to gain more views for their videos or trading classes. if more beginners understood that trading is harder than it seems, there would be fewer people blowing up their accounts in a single trade.

Hahaha...But I disagree with you on this. Fine, some traders will surely fit in with what you described, but I tell you, most traders learn trading and fully understand it before they start trading. But trading, as it is, has its own spirit, so if you are not such who can handle your psychology very well, trading will mess you up, with or without having experience.

I've been trading for 2 decades, but I still have my low and challenging moments despite having so many working trading strategies.

You simplified the vast requirement of trading in one word psychology, usually we do elaborate this as self-discipline, risk management and etc. Trading blindly do happens to anyone when you are not fully aware of market situation. Market dynamics are continuously changing and a trader must react to a change with their strategy or trading pair or by staying away, otherwise you will end up with a blind trade. A blind trade does not need to be ending in lose but mostly it will.

Anyone may get hyped due to an influencer because lots of traders do stream their live sessions these days. But the thing here is, you need to identify yourself about that you are fit for trading or not. Those influencers just introduce you about trading but you need to finalize about the learning of required skills and capital requirements. If anything not tick in your case, you should quit.

Trading is not what we can just batch into like that and expect it to work perfectly for us, some have been able to make profits by the way they are trading because they get the whole process right and can adapt to the required basics in making trades, while on the other vein, you can discover that some are only trying to trade when they lack the necessary information and knowledge in making trades.

Knowledge about trading is Very important because it is very complex and risky. Your friend didnt lose that much But people lose thousands of dollars because they just go to the markets with little to no Knowledge about the market they dont even know how set a Stop loss and get liquidated.

If your friend knew how to set up a stop loss he would have lost lesser money and would have saved himself from losing All His "$30" dollars. There are Many people like him that lose money due to their lack of knowledge and in the end blame the markets and say things about the market even though they should blame themselves.

Trading is very Complex as i said and if you have proper knowledge, patience , a good backtested strategy with a good risk to Reward ratio and risk management only then you would have a chance of becoming profitable in the Long Run.

Many beginners experience losses, primarily because they easily believe influencers who claim trading is simple and easy. Many of them even talk about their success without mentioning the risks they face. They're actually just chasing views, not proper education. This is a huge regret, especially since many beginners ultimately experience losses.

Trading is complex, and it will be very difficult if we don't learn through hands-on practice. In theory, trading is easy, buying low and selling high, but in reality, trading isn't as easy as we imagine. In trading, there are many things to learn, one of which is that we need to avoid rushing. Rushing, like ambition, can lead to losses. If you look deeper, behind that ambition lies fear. So, don't rush in trading, because everything has a process.

If there are influencers who create and share trading content and claim easy trading is definitely not to be followed, but for beginners, they will look for referral sources randomly. Ideally, beginners who want to learn to trade look for someone who can teach and explain things related to trading. With current technological advances, it is possible for beginners to learn by themselves, but the level of understanding of each person must be different. Those who find it difficult to learn by themselves, then finding someone to direct is not bad, rather than just relying on trading signals from uncertain channels.

If you are a fan on following into those so called influencers and making up some decisions on trying out to follow their trades or those analysis then you are that bound into having that kind of regret later on, specially at the time with those trades are ended up on losing. Actually this can be considered on trading up blindly on which you cant be able to assure on whom you are following and also its that much more better that you would be having your own loss that came from with your own analysis rather than on losing money with someones else analysis. It would be that so regretful on this case and thats why its important that you should be wary into the things that you've been dealing on with. When you do hover yourself into trading field then you should be that mindful about into the risks which is that involved into and if you do want to make yourself to become a profitable and sustainable trader then you would be needing up to learn up the skills accordingly. You cant just that follow someone just because you've seen that they are racking up some wins or profits recently. Never ever in trading career on following someone when it comes into their trade recommendations. I might be that trying to look into their analysis and might be getting some idea or snipping out some of it if ever I do see for it to be considerable and then I would be that applying it into my own on which i can say that this is that much more ideal rather than on following blindly. Trading is something a skill that you cant just that make yourself that making up positions without any basis on which simply means that you would gonna need up to apply some analysis for you to be having that kind of advantage at least. There are just that those times that you do become impatient on what you are doing on which you've been that wanting that you can see those positive results on which if this happens then you would be that been that making up some positions without having that putting up that much analysis into it. You would be only realizing it at the time that you've been experiencing the worst.

Blind trading is usually done by novice traders, they forget that trading always involves risks. If they don't have good risk management, they will lose capital quickly. There is no luck in trading because this activity requires knowledge to understand the basics needed in trading, analysis, strategy and emotional control when liquidation occurs. In other words, trading without clear knowledge and strategies is like gambling. Traders need to have a measurable trading plan and be disciplined in implementing it to prevent losses.

If as a newbie trader the social media isn't a safe environment to start on learning about trading through some so-called trade experts because they have proliferated the online space with much of trading successes tales with little or no losses of their trading history. And such narrative being given to a newbie trader is dangerous to his perception on losses in trading. Because the believe was that of winning trades only with losses not introduced as a part of the process.

Actually there are still those things that you can be able to learn on what you do saw on social media specially into those people who are that legitimately sharing up some ideas about trade set ups and analysis. It would be just that depending on you on how you would be making out things or applying it out into your own. If you are just that mindful about it then you wont be finding any issues in regarding about trading and analysis. It would be just that too impossible that you would be that blindly trying out to follow them without having your own discretion and testing it up. It would be that regretful if you do make out some trades on which you dont even know on what it is. On the time that you would be dealing up with this volatile space then make it sure that you wont be finding yourself that treating it like that you are doing some sort of gambling on which it would be that important that you do know on what you've been doing and not just that basically doing gambling on which this is where some people been that doing.

Dont make out some blind trades and its important that whenever you do learn something else then you should be that applying it out into your next trades. It would be that impossible that you wouldnt be able to notice out into the things that you've been dealing into. There are just that those times that you would be having those kind of approach just because you cant be able to control out your emotions on which this is something which is that not right or something that would be beneficial on the long run or something that it will be that totally devastative and if you wont be doing something against it then it would definitely be that some issue.

That is funny with man of these trading influencers, they're not trading to make money. But they are teaching trading to make money.
Because if the reality is they can make money off trading, there is no need for them to pitch hard the sales that they are endorsing to their communities.
And so, don't just follow them as if you worship them because they're making a lot of money from their community.
Just look at how the reality is for them. If someone doesn't make any losses to little of it in trading, something is truly sketchy.

Novice traders often panic easily if they lack a foundation of rational thinking beyond their own and are unable to guide them to avoid panicking due to price corrections after they buy. This panic often triggers the urge to sell their purchased assets, unaware that the assets can still rise again after the decline is over. Therefore, the points you've mentioned are indeed very useful for novice traders before trading, as they must understand analysis, strategy, and emotional control while trading.

This does happens to new traders that think they can easily make money from the crypto market without having enough understanding on how price moves. Due to so many traders' results they have seen online, some do take extra effort to trade more in the market so they can have high chances of making fast profit from the crypto market.

Trading blindly is what we often seen in the market by traders that keep complaining about not having consistent profits while others do. They tried to compare to compare themselves with other than are making frequent profits from trading, asking why their own case are different. We ought to trade with our full mindset and skill.

They often get criticism because they don't have experience. We have all been like that before we become knowledgeable traders. We all suffer struggles before we become strong. And this is trading… not an easy job, as many people think it is.

That is why learning to trade needs patience. Every mistake we make can help us grow and encourage us to work harder. To become better and more successful traders, we need to have a deep understanding of why we are here and what drives us to do this. Otherwise, failures and losses are what we're going to get. And stop assuming that if we know how to trade today, we will become profitable by tomorrow. We just made trading impossible.

A common problem experienced by novice traders is that they often have difficulty managing their emotions, especially when facing unexpected situations such as price corrections, so they panic very easily and often make irrational decisions. Therefore, it is necessary to guide novice traders to understand the basics of trading and conduct sufficient research on the type of coin they wish to purchase. They also need to be patient in dealing with price fluctuations, which often occur in the crypto market, which always moves in two directions.
Adequate trading knowledge is essential to understanding how the crypto market works, preventing traders from panicking and selling when a correction occurs. Some of the points mentioned in the previous comments can help novice traders improve their ability to avoid panic and make wiser decisions when corrections occur.

Sorry to say but these set of people are not qualified to be called a trader, they are obviously gambling with their money thinking they are trading. The ability to read market movements, analyse chart and predict the next market possible movement is what makes you a trader and not random guessing. The problem with potential traders is hastiness which is the reason they lose their money as quickly as possible. Trading is not just about knowing how to place a sell or buy order, neither it is about knowing how to set up a take profit or stop lose, it's a life course.

And this is where a new trader always gets stuck with the wrong people, many people treat trading like gambling, they want to make a profit by buying or selling randomly and they think it is definitely possible, but this wrong mentality always leads them to huge losses.

Nothing here depends on guesswork or luck, here all the possibilities of profit and loss depend on how skillfully you are researching the market and making decisions. Those who just jump in the hope of quick profit, are actually not trading but gambling.

So they should change their mentality here, when you can work here with complete efficiency, only then you can move towards success, because here you have to earn profit based on your skills and knowledge.

Lack of knowledge in trading can cause losing funds in trading, some of the traders experiencing losses from trading on the time are those that failed to learn trading to have the knowledge of trading in the right time to earn income, Lack of patient in trading is another cause of losing funds in trading, when you have this spirit of impatient in you, whenever you are holding bitcoin or altcoin for long term and you decide to trade in the short term, you will not earn what long term traders are earning in that season because they have the knowledge of holding for long before trading to earn huge income from the market, for those that are trading with bitcoin, it will be difficult for them to loose much when they are trading with bitcoin only because bitcoin price is more circulate than other cryptocurrencies to alert traders the particular season they are, either to take income or to continue holding.

I have said it before that trading blindly is the same as gambling, because when you are trading without prior knowledge of what exactly you are doing, you are simply dependent on luck to cause the market to play out in your favor, this is exactly how gambling works where gambler depend totally on luck to make the games they are playing or betting on play out in their favor.

A trader who is trading blindly will only end up frustrated 😤 and may even end up hating trading because of the type of loses he or she may encounter, this is possibly one of the reasons why we have a lot of people today are afraid to venture into trading simply because of what failure blind trader told them that it is very easy to lose money and hard to make money in trading, whereas proper knowledge is what makes the difference aside the fact that trading itself is not a children's playground.

We need to have that inspiration to drive us to perform well, just like you said, trading is not as easy at it was  viewed by those many inspirant, in order to succeed there are many things that are needed to work on, especially with how you'll deal with your strategy, if you just blindly put your investment to something that you are unsure, the chance that you'll lose everything and mistakenly accused this venue as scam.

Praying when trading ain’t bad , the only bad thing is trading with halfsize knowledge which is the worse because you are only going to keep blowing up your accounts until you finally decided to learn rather than to try and speed up things because most of us don’t want to learn but rather earn there is no easy way out of it , everything all about time managing . Learn then earn.

I guess trading still requires a bit of luck, and more of knowledge and skills, working and reliable strategies, and most of all proper risk management so that you will know when to enter and exit from a trade. Otherwise, if you only trade because of greed, because of peers pressure, you are not actually trading but you are pushing through with gambling, and so mistakes and losses followed next.

It doesn't always work as you're expecting it to do therefore it's not good to keep holding onto your order after you have started losing because some lost will just keep increasing and it doesn't reduce. Before you act, check to know if it's worth holding the coins you bought or just take your lost and move on. Trading blindly is a wrong way of trading, all trades should have a direction because this helps you to learn easily from the mistakes you made but when there isn't any direction and you're just trading based in how you feel then you're gambling and won't be able to learn from the mistake that you're making.

Yes, trading without understanding or trading blindly is one of the reasons for a trader's losses on a trading platform. I have seen many traders and many gamblers who trade without gaining experience in trading and always pray that they can recover their losses in trading. So, if a trader wants to trade, he cannot trade blindly and even if he prays blindly on a trading platform, there will be no profit, so he has to gain experience on the trading platform and then trade. I sometimes want to focus on trading but trading seems very risky to me, I think I will lose money very quickly in trading. However, I am trying to gain some experience in trading and learn with a small amount of money so that I can learn something and this should be done for those who are new.

I remember how I started trading many years ago, by the way, no one taught me either and that's why it was difficult, I admit that I also initially traded without stop-loss and the reason was that I simply didn't know what could be done differently. And $30 is not that much to learn a lesson, the most important thing is that after this loss the trader could understand why it happened and what to do next time so that it doesn't happen again. In trading, it is very important to learn from your mistakes and not repeat them.

When trading, you have to enter the market considering the risk. Sometimes you may be profitable and sometimes you may be in loss. If I give my own example, I tried to diversify my portfolio with a small amount of dollars and the investment amount was very small. At that time, I had a profit of $ 55 against the capital, but I did not sell, but in just one day I lost about 20% of the capital.

In this situation, most new traders will decide to sell, but I am in favor of continuing to buy more because if you can continue to buy regularly with the market situation and during the price decline, then the UP will continue to decrease periodically. Not panicking during the price decline and continuing to buy as much as possible is smart trading.

Yeah some people trade blinding because they feel that trading is by luck and not by what you know, that makes them trade blindly but the truth is trading is not my luck is by what you know, if you know how to predict the market very well and you know how to study the market very well you will succeed in trading, I see some people saying that trading is the same thing as gambling this set of people really don't understand anything about trading and that is why they say it is like gambling, in trading you must know how the market works and that is why it is always advised that if you want to start trading you should go for a class so that you can be thought about trading very well.
If you feel that you can trade my luck and prayer then you will lose a lot of money is not about luck and prayer is about what you know.
I saw someone and he said his friend placey a trade by luck and he made huge amount of money from it and that he will also do same, now let me tell you if someone did something and he succeeded does not mean that he followed the right way and it those not mean you can succeed with the same way too so be very careful, follow the right way to avoid financial loss.

Traders who trade blindly just assume they can enter trading without acquiring good knowledge about it and make a profit. I know luck does exist in trading, but if you don't have an understanding of trading, it is impossible to make better trades.

Traders who trade blindly just rely on luck, which is why they think they can succeed in trading. Novices who trade blindly underestimate the importance of investing their time to gain knowledge, not realizing that having a better trading experience relies on the amount of knowledge they have in trading.

Those trader's that trade blindly most especially those trading the cryptocurrency future trading are all gambling and not trading since for a fact that we have seen and read a few comments of people calling trading as more or less gambling all because they just keep gambling with the market without any knowledge or skills applied in they trading process, let us be more caution when we are trading because trading is technically minded on like gambling that some games are game of probability and chances where luck is the basis for winning them.

Yes, there are many who are not real traders but rather they come to trading with a gambling mentality where they do everything based on assumptions, they should actually be realistic about trading, trading is not something that can be done based on assumptions and profit from it, trading will bring you success based entirely on your skills, so here you have to change your mindset, always make decisions based on market research, and do not be overly optimistic about just one strategy because the market will not always behave the same, so you have to decide to trade using the right strategy in line with the market movements.

As we do all know that learnings do come from mistakes and errors that we've been able to experience in the past specially when we are still newbie on which this would be the main things that we would be having in mind. On the moment that you've become that being too blind on which despite of the mistakes that you are that experiencing but still you are continuing on trying out to do on what you do have in mind or trying out to be that forcing on what are the ideas or beliefs until you would be able to notice it out that you've been that losing up that much on which this is where you would be starting on having the regret. You would normally making out adjustments on the time that you would be experiencing unfortunate conditions. Whenever we do made out those engagement and sees out that results arent that good then its human instinct that we do normally adjust accordingly.

You wont be able to survive or sustain this market if you would be making up those trading blindly. Never ever make yourself that having this kind of behavior because trading isnt something that you can deal up with it having that less confidence and being versatile on different conditions. You are the ones will be having that adjustments on which it makes you do make yourself having this kind of handling in regarding into your trades. It would be just that too impossible that you cant be able to learn out from your mistakes.

Some people only learn with determination as their capital, so they have no intention of gambling, relying only on what they know, even if it's just buying and selling without any other skills in analyzing the deepest aspects of trading. Some people do gamble on trading, but I think that’s a small minority. The majority are those who are trying to start trading. Some people keep convincing themselves and learn slowly, starting out trading blindly and then becoming disciplined traders. Honestly, we never know the true intentions behind someone’s decision to start trading, but their goals are all the same.

I believe that trading blindly is a phase, and everyone goes through this phase when they start trading. How long they stay in this phase depends on how they respond to the knowledge gained from their experiences. What’s interesting about trading blindly is that sometimes you get lucky and convince yourself that you’re great, even though you’re actually in the deepest doubt about whether you’re gambling or trading.

If blind trading is trading without analysis and especially on futures, then it can definitely be compared to gambling and I am almost sure that it will end in losing money. I have never understood those who are ready to trade this way, but on the other hand, if a person does not have enough knowledge and is so impatient to wait and wants to trade now, then this will be blind trading. I strongly do not recommend doing this because it will not add you any experience or money.

Yup, as you are just relying with your instinct and luck, if there's no analysis that happened the outcome will be dictate by luck and fate permits then you earn or you may lose your money, unlike with studying the market first and doing your best to analyze before placing your position, there's  a potential possibility that you may earn as you know and understand the market movement, and not by luck but by anticipation that the market may move according to your target.

Trading is not something that is impossible, but trading is something that is very difficult, as people think of trading as easy, in fact it is never easy, it is much more difficult than people expect, and without complete skill you can never succeed here.

It is impossible to achieve success from here with little knowledge, it is impossible to survive in this market without proper knowledge and experience, so first you have to make yourself skilled here, and to gain skill you always have to do deep market research, it takes a lot of time to gain skill in trading, there is no rush here.
You will gain all kinds of knowledge then gain real experience through real trading, in the first case there will be a lot of losses, but you have to learn more deeply from each loss. In this way, gradually over time you will be able to gain skill here, which will definitely bring big success at some point.

That type of traders are gamblers not the real one trade who enters here in the crypto space. That is not the character that a trader shows behavior in this field industry of the crypto space.
Then when you really lack knowledge, there is no doubt that they will be liquidated quickly for sure in the end.

Because we know that real traders are ready for all the consequences that they can face especially if the situations that occur in their actual trade activity are negative.

You're right

As much as I know is like trade gambling.
Most people are gambling in the casino bat.
And more people are losing their deposits while trading
So without the basic knowledge of the business is no money to start trade because you will lose your deposit

You never compare yourself with other traders, that never makes sense and you should always try to make more from your old self, that is the comparison you need. There will always be people who make more money than you, that is just reality of life.

But if you have a trust to yourself and learn and be better, then you are going to get better and when you get better, then you make money. Remember, the only goal at trading is to do better tomorrow than you did yesterday, if you can keep doing that long term then you are going to end up with a lot more profit. If you keep comparing yourself to others then you will always feel like you are missing out and won't make enough money, and the result wouldn't be good.

That's for sure, and that's why a trader is required to always be willing to learn to improve their skills and knowledge. If you come in without any preparation, you'll end up wasting money and time. I often hear people who have failed in trading say that trading is gambling, when in reality, they're the ones who come in empty-handed and unwilling to learn. That's ridiculous.
The problem is that many traders develop a "Fomo" (Fomo) mindset after seeing advertisements on social media about successful traders. They think trading is easy, when in reality, it's not at all. Success in trading only comes to those who have a strong intention to learn and evaluate their mistakes.

Before trading, we must consider the amount of money we can afford to lose. Moreover, there are many people who do not have experience and knowledge about the market, when they enter the market, it is definitely a risk for them. To trade, you must first gain experience and consider the market and have all your ideas. Every person should take the advice of a good trader before trading, it can be profitable for him. There are many people who take trades when the market drops and they think that it may enter the height very quickly but many times the market moves further down. Then they start praying but in fact they should have an idea in advance that the market can go down at any time, so using stop loss has a little less risk. However, every person should gain good experience and be knowledgeable before trading, only then will he lose less.

what you've said is part of the reason people lose capital in their trade, at a point when I first started trading, I barely trade on my on prediction, I'll analyze the pair i want to execute order then I'll go to telegram groups that post signals of the same pair, look at their analysis. I will compare and contrast their signal, if it's aligning with my prediction then I'll execute the order. secondly I barely pay attention to risk management because I've not lose enough $ yet, as they say experience is the best teacher. I'll enter about four entry just because my analysis and the telegram group I seek for signal have arrived at the same prediction and I've paid the price handsomely  ;D. If you've known the basics of trading, all you have to do is work on your emotion and psychology.

Trading is never driven by greed and passion, to be successful here you only need skill, and this skill is very difficult to acquire, and this is why not everyone can succeed in trading.

Many new traders come to trading with little or no understanding of the market to achieve success, which definitely leads them to losses, but they do not want to understand this in the first place, they think trading is very easy.

I think a new trader should first get a proper idea of his market, how much risk it has and not just rely on a strategy but should trade by adopting the right strategy with the market situation, and to manage these properly, you need to gain complete skills in trading, only then everything will be right.

You should be that making yourself being open when it comes to changes and learning on which there are individuals who are that not easily be able to move on once they would be experiencing out some mistakes or errors onw hich they would be that pursuing out on what are the things that they do have in mind. Trading blindly would be usually happening into those individuals who are that too optimistic about into their trading skills without even trying out to realize that they would be needing up to learn up even more and also market does have that different variations on which simply means that you would be needing up to consider out on being versatile as a trader but actually its not something that so simple when you are on the actual thing and thats why we've seen that there are those individuals who do just that simply place up their trades then they would never be trying out to look with those potential risks that it does have.

Trading blindly isnt that something recommended because it will be just that totally the same when you are doing gambling and doing trading isnt a gamble because this is something that you can be able to apply some analysis into it and its important that you should be that making up some analysis and applying out into those learnings that you do acquire in the past. So it will be just that depending on you on how you would
adjust accordingly on which as long it would be beneficial then it would be something that you do need up to follow.