Top reasons that leads to fail in trading

[Oilacris]

Top reasons that leads to fail in trading for me are:

1. Lack of knowledge on trading: If you don`t have enough knowledge on when to buy and when to sell, also if you don`t know what are the basis for a good coin to buy, these can lead you to fail on trading.

2. Emotional: People who are easily getting moved or always panicking when the price of their token gets down and sell their token suddenly may lead them to regret in the end and may lead them to fail in trading.

Entering this market everyone is panicked when prices fall and immediately sell at very low prices. I think this happens every day in Cryptoucurrency but if you know calm and patience then you will become a good trader because this market is easy to make money for those who can overcome the emotions

This might be one of reason but the main thing is people start trading without learning about it and most of newbies are over confident that they can also score big like other but trading is not that much easy so everything need learning and trading is one of them and caparison with old investor they are still learning and they talk big they are thanking bitcoin on every single penny of profit so these are reason avoid them.

This is the mistake of new people who do jump into trading believing that they can able to make money the same into those traders that they saw that earns huge money and they decided to jump in without proper knowledge and experience which would really lead up to lose of money instead on making money because they do let their greed control them thats why they fail. They dont realize on what are the things needed for them to succeed.

[Asoss.io]

Top reasons that leads to fail in trading for me are:

1. Lack of knowledge on trading: If you don`t have enough knowledge on when to buy and when to sell, also if you don`t know what are the basis for a good coin to buy, these can lead you to fail on trading.

2. Emotional: People who are easily getting moved or always panicking when the price of their token gets down and sell their token suddenly may lead them to regret in the end and may lead them to fail in trading.

Entering this market everyone is panicked when prices fall and immediately sell at very low prices. I think this happens every day in Cryptoucurrency but if you know calm and patience then you will become a good trader because this market is easy to make money for those who can overcome the emotions

This might be one of reason but the main thing is people start trading without learning about it and most of newbies are over confident that they can also score big like other but trading is not that much easy so everything need learning and trading is one of them and caparison with old investor they are still learning and they talk big they are thanking bitcoin on every single penny of profit so these are reason avoid them.

This is the mistake of new people who do jump into trading believing that they can able to make money the same into those traders that they saw that earns huge money and they decided to jump in without proper knowledge and experience which would really lead up to lose of money instead on making money because they do let their greed control them thats why they fail. They dont realize on what are the things needed for them to succeed.

Exactly

[alyssa85]

This is great, don't put all your eggs in one basket so that you can recover if you lose in one investment. Sometimes many newbie's are believing hear say on telegram or social media so they fail in trading. Make your own strategy on trading.

Telegram groups are not advisable if you're a newbie trader since a lot of these are pump and dump groups where you really won't learn anything. Its still best to do your own research and accumulate experiences by yourself. There's no shortcut in being an effective trader and failing is always a part of it

Telegram groups arn't advisible for anyone.

Basically the people running the telegram have bought coins already and the purpose of the telegram is to persuade other to buy neatly eating up the owners sell orders so he can cash out at a profit. No matter how experienced you are, you are going to get stung.

[LynielZbl]

One of the reasons that may lead to failure in the world of trading is being emotional. Not only in trading but also in any kind of investment because as much as you would like to hold your investment, when you will check the status of the coins that you holding you got easliy panic after hearing or reading bad news about it and decided to sell whatever you have believing it can save you from big lost. But it is really obvious  that many are afraid of trying other stuff and instead focus on one item which resulting to either a failure or success.

[Fatunad]

This is great, don't put all your eggs in one basket so that you can recover if you lose in one investment. Sometimes many newbie's are believing hear say on telegram or social media so they fail in trading. Make your own strategy on trading.

Telegram groups are not advisable if you're a newbie trader since a lot of these are pump and dump groups where you really won't learn anything. Its still best to do your own research and accumulate experiences by yourself. There's no shortcut in being an effective trader and failing is always a part of it

Telegram groups arn't advisible for anyone.

Basically the people running the telegram have bought coins already and the purpose of the telegram is to persuade other to buy neatly eating up the owners sell orders so he can cash out at a profit. No matter how experienced you are, you are going to get stung.

I agree on what you have said its not really advisable to join up on those telegram channels because theres no such group could able to dictate and do guess on how the price would go but rather owners are just using you up just for you to buy and when the price pumped out they do sell out for profits and leaving those users who do join up the group. This is one of the fails if we arent wary enough and would rather trade up on our own and do our own assignment.

[ChosenOne Hehe]

That was my problem. Learning how to hold . Also when you try to buy low sell high sometimes I  have jumped in perfect timing as its skyrocketing  buty getting out you just cannot and low and behold your coin shoots all the way to the bottom .
I now pick your best coin and pray . 

[KEPLER99]

Of course, emotionally influential, impatient and greedy, when the price of starting a dump you fear the of many loss while price pump, you want more high price. Human nature. Until.bpth give regrets.

Hmmm… not really, but I support the first and third reasons that will lead to failure in trading. Fear is one of the biggest enemies you will have in trading, so if you really want to experience success, you need to focus on what you’re doing and take away every fear in you. Good traders who always wins the game are not into being scared of whatever it is that happens.

Next, it’s always good to invest in various places, in case things turn out bad with the other, you can always have backup. The second reason given by the op is like a win-win.

Getting over emotional at the time when the market value is going up and then losing all your control over your emotions at time when the market value of the coins in which you are trading is one of the biggest reason of loss of money when it comes to that of trading. In addition to this. Lack of sufficient amount of knowledge which all the traders must need to know before even getting in to this also leads to loss of money.

[Dobrodav]

thank for your sharing. I think the most important way to reduce the risks is controlling emotion. If not, you will be easy to lose your money.

[angrynerd88]

Trading is un predictable job no one can exactly predict but proper research and study help to avoid huge losses.Panic selling,Buy in peak and sell in cheap,Investing at one place leads to fail in trading.

If you diversify the investment it reduce the losses if one you losing other side you are gaining.

[neite99]

Drifting through the wind is a very risky one I totally agree, some of my friends made some profits by chasing the pumped coins once or twice and they continued doing so until they faced around twice loss of their winnings.

[Mark-Krawed]

Set aside your emotion if you are trading or investing your money in crypto currency and invest only the money that you can afford to lose. Most people fail in trading because,

1. Lack of information
2. Risk Management
3. Panic Selling

[Wyne]

Top reasons that leads to fail in trading

For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

I agree in these five check list in trading. When you are in trading important to know what will you do and plans to your capital and to do this five things it will ensure you will gain huge profit. Great recommendation.

[SmokerFace]

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.


For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

Agree! Being emotional is hard to control when you see your portfolio getting red and when you didn't know what happening to the market that's why other professional traders practicing to control their emotions when trading and putting eggs into one basket is very risky you need to research not one but 3 or more coins depends on your capital the more capital the more coins you need to hold to make safe your investments even you lose 1 coin the other coins successful and News are the main reason that affects the market waves due to other investors riding the news because they're afraid to lose their investments.

[PrinceCaspian]

The main reason that i know why most of the traders fail in trading is they do not have the right mindset and they are so greedy in terms of their way of trading and that is the reason for them to fail because if you are too greedy and you are letting your emotion to lead you then you will not have good decisions because you are not thinking about it and you are just depending on your instinct.

[Indrawan77]

Some people don't have any basic trading and just follow signal, and some people not mentally prepare to do trading, when the price drop down the traders will do panic sell, trading is not an easy job, it may seems easy but there are so many things that need to learn before you can learn to make profit, the most important things in trading is able to educate yourself and learn from mistake

[Targusluxe]

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.


For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

I will just add the imporatance of cut loss. One of the most important things in investing and trading is risk management. Another strategy, and one that does not get enough attention, comes in the form of setting stops so that they can only lose a certain amount of money on any one trade.

[GoodLuck2]

The main reason that i know why most of the traders fail in trading is they do not have the right mindset and they are so greedy in terms of their way of trading and that is the reason for them to fail because if you are too greedy and you are letting your emotion to lead you then you will not have good decisions because you are not thinking about it and you are just depending on your instinct.

Now you know it so there must be implementation of this advice in your trading. And this must seems from your work that yes you understood the fact. Because so many people ask such questions and when they came to know what is truth, they even don’t let themselves get away from such losses. So better is to be aware of such situations where your emotions can have impact on your trading.

[Creating N Action]

There are many reason why we failed in trading. One of the reason that leads to fail in trading is being emotional one. Being emotional means you can't control your emotions. Like for example: Your coin's price falls down of course your money will decrease and you will panic. Also, do not put all your coins in one wallet because if the price goes down, your money also goes down . It really helps you to recover again if you diversify in into different wallets if one's failed. Always be a wise man. Know the right time to trade because not all the time are the right to trade.

[nik9990]

I think it's selling when there's a panic in the market, or when you hold a coin for a long time and it does not grow and you sell it

[Bosx1ne]

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.


For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

It is really good if we are always updated to the news about cryptocurrency. Knowledge is very important, we can lose our money in trading if we don't know what is the latest news about the coin that we are holding and trading.