Top reasons that leads to fail in trading

[naruto7676]

It's normal for me to loss in trading and its normal for me also to loss those money of the market goes down and the price of your altcoin get dumping it's better to sell them early also to avoid a big losses of money.

[1715148528]

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[1715148528]

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[1715148528]

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[ufaiz50]

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

All of that is really needed for beginners who want to trade crypto, not only crypto trading but also some trading in different fields and some businesses also need those 5 things. From what I see is that there are still many traders who find it difficult to find news and how to manage the right management, many are still confused by trade analysis which if done is very difficult, but it all takes time and experience to understand it.

[Aivaryamal]

The topic was quite properly explained the reasons of failure in trading, you need to seriously approach this problem in terms of setting precise goals and to remove the excitement!

[jabrix]

If you are a greedy person, I think you should leave. Greed is one of every investor's desires, but you should know when to be greedy and when to stop. Stay calm in all situations and not be greedy when things are like bubbles.

Frequent failures in trading due to emotional factors, namely impatience and greed. Both of these factors will eliminate common sense analysis where profits can occur if you wait longer, but seeing prices that tend to fall take a selling decision.
Even though the crypto price is like a pendulum that is swinging, the ups and downs are sure to happen. So ignore the emotional factors, use common sense.

[BeGoods]

I want to add one more thing,
namely trade management, with trade management, emotions will be more controlled.
for example there is a stop loss limit,
most traders don't have a stop loss limit, even though the stop loss limit is between 5-8%,
and when the market drops 5% from the initial capital, then we must make a stop loss.
this is one of the trading management.

I think most traders already know about this strategy, and don't always to should use 5%-8% for stop loss, you also have to look at
market conditions, sometimes prices fall 20% and then rise double could happen. flexibility in your plan is also very important in trading

[bitcoinisbest]

If you are a greedy person, I think you should leave. Greed is one of every investor's desires, but you should know when to be greedy and when to stop. Stay calm in all situations and not be greedy when things are like bubbles.

Frequent failures in trading due to emotional factors, namely impatience and greed. Both of these factors will eliminate common sense analysis where profits can occur if you wait longer, but seeing prices that tend to fall take a selling decision.
Even though the crypto price is like a pendulum that is swinging, the ups and downs are sure to happen. So ignore the emotional factors, use common sense.

One of major reasons that lead to failure is that people do not have patience and want quick money which at times will not happen . Another thing is that people buy at high price and not when market is low due to which this they end up losing money as market crashes .

[Ronaldcoin2017]

If you are a greedy person, I think you should leave. Greed is one of every investor's desires, but you should know when to be greedy and when to stop. Stay calm in all situations and not be greedy when things are like bubbles.

Frequent failures in trading due to emotional factors, namely impatience and greed. Both of these factors will eliminate common sense analysis where profits can occur if you wait longer, but seeing prices that tend to fall take a selling decision.
Even though the crypto price is like a pendulum that is swinging, the ups and downs are sure to happen. So ignore the emotional factors, use common sense.

One of major reasons that lead to failure is that people do not have patience and want quick money which at times will not happen . Another thing is that people buy at high price and not when market is low due to which this they end up losing money as market crashes .

I agree on that,  I believe that the main reason is the people is lack of patience and they cannot also control thier emotions. If we are going to ask a trader maybe some of thier answer is th patience, because I also experience this one. We cannot really handle our emotion specially in a very huge dip.

[Nnedaddy1]

I was a victim of chasing a coin that was already pumping.
I was new in crypto then and lack basic understand and knowledge about the workings of the cryptocurrency Market.
That single experience left a bitter taste I my mouth till now.
The submission is informative and I have learnt and also added to my knowledge.
Thanks .

[shesheboy]

I was a victim of chasing a coin that was already pumping.

that was a pretty bad move bro . you mustn't ever chase a coin that is pumping because there can be two bad probabilties that can occur . one is the coin can be a pump and dump . what if the coin suddenly dump after you bought it ? you will loose big  . second one is , the could coin be legit but buying it in a high price was still  a bad move . not only it could cost you alot but also there is a chance that the coin can dump right after you bought it .  that can be your experience , i bet you already learn't your lesson .

[onrise]

The topic was quite properly explained the reasons of failure in trading, you need to seriously approach this problem in terms of setting precise goals and to remove the excitement!

Greediness and emotions needs to stay away while gambling. This leads to huge problems at times because people inspite of making money virtually does not execute trade and lead to losses as either market have crashed by then or have bounced back quickly and they missed it.

[mornabo]

my biggest factor is failing to trade because of uncontrollable emotions, this is what always imposes I am not focused on trading, due to the great desire to profit. ignoring the potential for large losses that have never been calculated.

You're not alone on this. I know a couple of traders with emotions and money management issues in trading. I think that's where y'all should work on improving now you have identified the source of the problem. One of the rules of trading talks about making sure one's emotions are in check when trading. When you've that covered on your checklist, You should be good to go.

Finding what is the biggest contributor for such fails will be a good idea and making immediate actions will help to stop losing our funds. It is a big for us if that certain thing our emotion or having a attitude problem, it is surely a big work for us and not sure if we can make a change in ASAP.
Losing isn't unusual thing happen in trading but at least we work on it to avoid such failures and big losses.

I think it's a form of introspection, and that is important for every trader. traders learn from experience. and of course from self-introspection you know what's wrong with your strategy and plan. you right, losing is a natural thing, but most importantly you know the reason, why you can lose

[Activitycoin]

It's normal for me to loss in trading and its normal for me also to loss those money of the market goes down and the price of your altcoin get dumping it's better to sell them early also to avoid a big losses of money.

Yes if you really want to be a trader you will not have to listen to your heart but to your mind because it is only way to have profit otherwise in trading being emotional is not good at all, other thing is having no knowledge and trying to trade for day, try to gain proper knowledge and polish your skills only then trade otherwise avoid being short term trading, keep learning always.

[Clark05]

Being emotional is the cause really why the trader failed. While the information Which is 5 is nice and it's very helpful and I think it will helpful to the newbie who want's become a trader to become successful if they follow it and they have determination to trade daily or they give a lot of time and effort in trading.

What ever the reason incase you failed you can do something to changes it because no one can change yourself except to you by doing some startegy.

[mapanlah]

failures that often occur in ordinary trading occur if we do not understand the market and we go straight into trading, this happens if we really want a lot of profit without mastering the situation that occurs. there should be a learning first, mastering the situation and price movements that occur at any time.

[Aptekary]

failures that often occur in ordinary trading occur if we do not understand the market and we go straight into trading, this happens if we really want a lot of profit without mastering the situation that occurs. there should be a learning first, mastering the situation and price movements that occur at any time.

It seems to me that all newbies, including myself, make a lot of mistakes in their activities in the cryptocurrency market.  It seems to me a big problem is that no one points to us precisely those points that need to be corrected in their trade or to which we need to pay more attention.

[CryptoPowerL]

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..

This is the biggest mistake of a novice trader. I myself still succumb to emotions when selling tokens of a project and can't do anything with myself. For long-term trading, you need to stick to your chosen strategy.

[whyrqa-1]

any trade and not only trade in the cryptocurrency market that governed certain rules.  They are as old as life.  Never need to rush for large pieces to the right or left.  You should always set a goal and go to this goal, having a sound mind.  Greed will ruin any trader.  Of course, you probably need to talk about the right trading strategy, but the personal characteristics of the trader are also very important for this field of activity.

[yvesp110]

any trade and not only trade in the cryptocurrency market that governed certain rules.  They are as old as life.  Never need to rush for large pieces to the right or left.  You should always set a goal and go to this goal, having a sound mind.  Greed will ruin any trader.  Of course, you probably need to talk about the right trading strategy, but the personal characteristics of the trader are also very important for this field of activity.

The reason to fail in crypto trading is mostly the little knowledge that is not enough to understand and get through market technicalities. A new trader must learn to all the technicalities and then should get started with crypto trade but Altcoin should be the first place. Don’t jump directly to Bitcoin because in this way without any practical experience a trader may not make profit in Bitcoin easily in the start.

[Aivaryamal]

The most important thing is not to invest no more than 20-30% of their income, so it does not affect your life so critically, if it is your main income, then please be patient and time