Top reasons that leads to fail in trading

[Pamadar]

One of the major reason for failure in trading is impatient. Most of the traders are not patient when the price is down. The other main reason is day-trading. You have to be an expert in trading to be successful in day-trading. It is not for beginner.

Not a good idea if you are still a beginner, you will not succeed even you are lucky in your first try but in the long process you will still face defeat and emotion will undergo with your ego, you will start to be more aggressive and if you will fail to control such emotions then you will fail each time you deal with your investment, I would say that better to continue learning more and more ideas in order to completely succeed with this industry and avoid certain high risk,

[buwaytress]

One of the major reason for failure in trading is impatient. Most of the traders are not patient when the price is down. The other main reason is day-trading. You have to be an expert in trading to be successful in day-trading. It is not for beginner.

Not a good idea if you are still a beginner, you will not succeed even you are lucky in your first try but in the long process you will still face defeat and emotion will undergo with your ego, you will start to be more aggressive and if you will fail to control such emotions then you will fail each time you deal with your investment, I would say that better to continue learning more and more ideas in order to completely succeed with this industry and avoid certain high risk,

Yeah, let's face it. There are no experts in trading in crypto yet. Experienced, sure. But when the market is so young, and people perhaps at most have 2 or 3 years under their belts, hard to call them experts. The fact is, almost anyone who's been able to buy low and sell during the spike made money, and to me this has a lot more to do with luck than with skill. Day trading is the same thing. All these traders are still resorting to bots and other people's strategies. In the end, this is all luck - good traders recognise that.

Patience is a skill itself, though, I'd agree. Discipline is the most lacking aspect of traders, old and new.

[Rinzo]

there is actual no reason for a successful trade. once you understand this, then you are one step ahead to a successful trade. before you trade, you need to have a good kniwledge and understanding of the system, what are the good uses of the cryptocurrency, how fast and effective can the transaction be done,  how trustworthy are the ICO promoters could we cannot rule out the fact that there are quite a few untrustworthy ones. study the market trends, don't hold for long, do not put all in one wallet and never trade with more than you can let go

[godfredmanu]

Keeping a journal is  a must for every pro trader and I think it is the only way one can monitor his or her progress. Proper money management with a good risk to reward ratio is also another good point to observe to prevent yourself from failing in trading cyrpto currency.

[KnightElite]

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

The main reasons why many traders are failing in trading cryptocurrencies are lack of patience and lack of knowledge. Impatience can cause you to sell and buy cryptocurrencies in a wrong time. We can't use effective strategies if are knowledge is not enough.

[BartS]

In my opinion the main reason why people lose so much money when they trade is that they start too soon, when people hear about cryptocurrencies they get overexcited about the potential profits that they can make, and instead of trying to learn as much as possible about the market, the history, the technology and the techniques needed to become a successful trader, instead they just buy whatever new coin is the most popular at the moment, some may be lucky and make money but the majority of them will lose money because of their rushed decision.

[speem28]

~snip~

Yeah, let's face it. There are no experts in trading in crypto yet. Experienced, sure. But when the market is so young, and people perhaps at most have 2 or 3 years under their belts, hard to call them experts. The fact is, almost anyone who's been able to buy low and sell during the spike made money, and to me this has a lot more to do with luck than with skill. Day trading is the same thing. All these traders are still resorting to bots and other people's strategies. In the end, this is all luck - good traders recognise that.

Patience is a skill itself, though, I'd agree. Discipline is the most lacking aspect of traders, old and new.

Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.

[Coinnosaurus]

Usually newby trader don't think about risk management. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

[gandhe83]

I think the reason behind the failure to invest is.
- not learn before investing.
- do not set goals for yourself.
- do not have the patience and determination to invest.
These things will lead to fear of lack of understanding of the market, it will make you fail when you invest.

[goaldigger]

I guess being emotional is the most hardest part of being a successful trader. Although you follow all that listed above, if you have a weak heart and easily pannics on small down changes, you will fail. Mindset is very important with this. Focusing through your goal and be knowledgable that prices are normally volatile.

[tuansemazi]

I know some reasons lead to failure in trading

1. Lack of knowledge about the market: This market is hot but extremely harsh. From its inception, about 1800 VND has been created, but now there are only about 1100, leaving about 40% already; The nature of money is also a very important issue to discuss because not everyone can afford the knowledge to understand what CryptoCurrency is, how it works, and so on.

2. Lack of knowledge of trading: Trader from Forex to Tradecoin are dangerous wolves in the market, they already have knowledge, trading experience and with such an emerging market is too predictable. Their victory is too simple, and newcomers to the course will be just the tip of the shark for the wait.

3. Psychology: New players will be genuinely in a loss, and the more they lose, the more they will lose consciousness, and so will continue to suffer losses (this does not exclude those who have experience is always the other, they know to stop and relax). It can be said that this is the decisive factor in a fight!

4. Low capital: the less capital you will want to get rich quick with the X2, X3 racquet, but the risk is very high, they often play Altcoin so the speed of capital loss is usually double hole. Play a very safe game, they accept low interest rates, moderate and bear the risk, month they need only 20-30% average profit is too happy. Therefore, whether you have less capital or more capital, do not be greedy in this market but calmly play with your strength.

5. Objectives: Wifi, computer, family, debt, ...

[mamarried]

Panic, impatience, leak of knowledge of how does the market operate, greed. You all know that reasons exactly

[buwaytress]

~snip~

Yeah, let's face it. There are no experts in trading in crypto yet. Experienced, sure. But when the market is so young, and people perhaps at most have 2 or 3 years under their belts, hard to call them experts. The fact is, almost anyone who's been able to buy low and sell during the spike made money, and to me this has a lot more to do with luck than with skill. Day trading is the same thing. All these traders are still resorting to bots and other people's strategies. In the end, this is all luck - good traders recognise that.

Patience is a skill itself, though, I'd agree. Discipline is the most lacking aspect of traders, old and new.

Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.

That's it, isn't it? There hasn't been a trader or signal provider, individual or group, who can show consistent profits from Day 1. They'll tell you how they multiplied their bankroll by X% in a month or even a year, but seldom can provide exact entries, exact sizes of trades, exact portfolio. Just manipulating any of these items to suit their needs. Even bots and AI which claim to have an edge with emotionless trading invariably incur losses - strategies work until they don't. Positive growth is of course possible but only with patience and discipline... and a lot of luck.

[liivii]

The top reason always be lack of knowledge of an individual when stepping into trading industry because as we all know trading is some sort of advanced crypto knowledge that needs time to fully learn it. Another reason is being a greedy person wanting for their money to grow fast without knowing the opposite is happening so in the end instead of earning profit they actually lost all of their money in that bad decision they've made. One more reason is lack of monitoring and bad buying and selling timing. And lastly I think is the luck doesn't come to them.

[Pattart]

One of the major reason for failure in trading is impatient. Most of the traders are not patient when the price is down. The other main reason is day-trading. You have to be an expert in trading to be successful in day-trading. It is not for beginner.

Thats true, I think the foundation to make a profit in trading one of them is patience. many of the traders are too reckless, easily panicked and impatient in the face of market situations that are not in accordance with their wishes. eg the price drops and doesn't recover in a short time. then many of those who cutlose and lose just because they can not be patient for longer. I think courage is also needed

[TRAID]

1. Lack of technical education
2. Poor money management
3. Lack of discipline
4. Emotion-driven trading

These are my 4 picks for failing in trading in no particular order. Master all of this and, given time, you WILL become successful at trading.

[Monnt]

Panic, impatience, leak of knowledge of how does the market operate, greed. You all know that reasons exactly

The top reasons that lead to failure in trading are huge in number. Few of them I would love to mention are lack of basic knowledge about the currency you are dealing in. As a result, you take unwise or redundant decisions in crucial time which leads to loss. A long term investor is often a happy investor because he keeps himself away of the fluctuation shocks in the value of the coins he invests in and wait till the steady state in achieved. Lack of practical experience and inability to invest and, hold or trade in the right time.

[Wilsonong222]

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 like to add the greed factors. It is common culprit of bad decision most especially during Bull Run. More often people still invest even they already know that the market is overbought. In case of selling, many traders didn’t stick to their trading plan in hoping that the price still increasing. But most this kind of trader lose because they were left behind in low price.

[Lodipetmalu]

Top reasons that leads to fail in trading, One is lack of knowledge on trading, if you were start on trading while having no knowledge yet there is a large possibility that you might fail. Second was no patience at all, if you were holding an investment, and you were very impatient to wait for it and in hurry to trade it, you will not gain on your trading but instead a minimal profit or even losses.

[lanafilonova]

The main reason for the problems in trading is trading, why do you think that other people will give you their money?