Why do many people fail in trade?

[pusaka]

I will say that one of reasons why people fail in trade is the lack of experience. And many are lacking enough experience, because each error is costly. It might not cost much to learn, entrance level is affordable for everyone. But each mistake hurt pride a lot, each mistake makes people to think about stopping, each mistake resets to zero all previous achievements.

There are several cases that I have encountered, that before they make a trade, they are so sure about the potential of the coin they choose. However, when they start trading, and the price of the coins they bought falls, they lose confidence and take CL steps to stop the losses in progress. However, I think very many traders lack confidence. However, if we talk about disadvantages, there will be many, but I often see this in new traders.

Actually, this is management that must be mastered, because in trading self-confidence is something important, but if our self-confidence is excessive then that is also not a good thing. Meanwhile, we don't have a measure of what can be called self-confidence and what we can call excessive self-confidence, because it is quite difficult to differentiate between them.
I agree that experience will make us better at trading, because with experience we can learn and we can make good decisions based on the experiences we have had in the past.
The knowledge we gain during our journey in this space will make us better able to minimize existing risks and indeed we can only minimize them without being able to eliminate them.

[Mahanton]

I will say that one of reasons why people fail in trade is the lack of experience. And many are lacking enough experience, because each error is costly. It might not cost much to learn, entrance level is affordable for everyone. But each mistake hurt pride a lot, each mistake makes people to think about stopping, each mistake resets to zero all previous achievements.

There are several cases that I have encountered, that before they make a trade, they are so sure about the potential of the coin they choose. However, when they start trading, and the price of the coins they bought falls, they lose confidence and take CL steps to stop the losses in progress. However, I think very many traders lack confidence. However, if we talk about disadvantages, there will be many, but I often see this in new traders.

Actually, this is management that must be mastered, because in trading self-confidence is something important, but if our self-confidence is excessive then that is also not a good thing. Meanwhile, we don't have a measure of what can be called self-confidence and what we can call excessive self-confidence, because it is quite difficult to differentiate between them.
I agree that experience will make us better at trading, because with experience we can learn and we can make good decisions based on the experiences we have had in the past.
The knowledge we gain during our journey in this space will make us better able to minimize existing risks and indeed we can only minimize them without being able to eliminate them.

And that mastery is something that could really be acquired when you do have that countless numbers of hours on involving or doing trading on which simply talking about experience because there's no way that you could really be able to have a good grasps towards the market if you are someone who doesnt really know on how to make yourself that dealing up with it on the first place.

Dont make yourself that being rushed up on the time that you would be doing trading because once you do have this kind of behavior then you are just basically putting up yourself on such trouble on which
we know that it isnt really something that too easy on dealing up with an unpredictable market on which we know that it cant be something that you would be able to have a good grasps on it directly.
You should really be wary and you should really be that sensible on the things thats happening. Dont make yourself that delusional because on the time that you do have that kind of confidence
then you might be ending up on being careless and this is something that you should really be looking into.