I fail in trading

[kidsrock]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to keep trying and practice for what you learn, and you are not failed. You failed if you stop your trading and give up and this is your biggest failed because you are not trying more and more. I am sure that in someday, you can get your success like other people, and you can make a big profit but you still need trying. I hope that soon, you will understand how to solve the problem and I am sure that you can do.

[lablab03]

You are not alone buddy..) many traders when begin to tade pass throug failing, its normal... i recommend you not to trede but invest in perspective coins, you will be rewarded in near future...

i agree.  But it's normal and indeed failure is a best experience wherein a big help as well to enhance our knowledge and to avoid such issues. But always remember to risk money what you can afford to lose to prevent regrets because you cannot reduce risky situation especially on this kind of situation. 

[cubicdissection]

If you are newbie in crypto market then avoid trading because you will be face huge loss i will be recommend you to buy some good coins and hold its for long term you can make good profit from its in future

[AniviaBtc]

The main reason for my trading failure is that when the market goes down, i worry too much every day that makes me mistake in the basics of trading. Another reason is that i am constantly afraid of failure. Too much fear, too much stress has a negative impact on my health and is definitely my result.

Failing must be a lesson for all of the trader especially when it comes to the market stabilization. The market is very volatile and fluctuates uncontrollably and so the prices are moving rapidly rise or fall. Stressing yourself with trading won't give you a right mindset to have while engaging with trading, you should have a high emotional quotient for this.

[Coin_trader]

Above from all the given reasons or excuses for the trading failures is the lack of knowledge. This is the more valid reason behind failures, most noob traders think that crypto-trading is an easy way to earn money, they just buying tokens or coins and then panic when the bearish market came, they are just wanted to get more but ended loosing.

[rickadone]

Start trading with a low amount of money that you dont need too much. Do not risk a lot of money. While trading, try to do the opposite of what comes to your mind. And keep the results in mind.

No, start trading with nothing.

A lot of people are always in a haste to start trading with real money and this is how they get frustrated so easily.
Practice with demo funds after learning and you have been able to come up with a strategy that you feel will suit you and in that case, concentrate on building on it until you get better before even making any attempt to get into the real world.

I have seen how people usually tend to miss it by thinking as long as they have learned; they can just come in straight. If you put small funds to trade, you may as well just end up keeping small funds every time and losing it all without learning anything and then getting emotional unnecessarily.

[rachellee]

There is something I don’t know? Please tell me more.

Well, to tell you frankly, you'll never know everything. No matter how long you'll be in this business, you will never know everything. Basics are enough. Learn how to read the graph, probable pump and dump, if the pump or dump will continue, stuffs like those, so that you'll learn when to buy and sell. You also have to have a target profit. If you reach your target profit, sell even if it feels still pumping, 'coz you can never trust your feelings. Most of the time, it'll betray you. Before you know it, the price is already dumped before your very eyes. I guess, the most important thing that you have to learn here is suppressing your greed. Many traders failed in this area and lost.  

[sirminesalot]

The main reason for my trading failure is that when the market goes down, i worry too much every day that makes me mistake in the basics of trading. Another reason is that i am constantly afraid of failure. Too much fear, too much stress has a negative impact on my health and is definitely my result.

do not be afraid to fail, because we are successful until now it starts from a failure. make it a failure as our experience, actually when the market goes down we can still make small profits but not every day. always believe it will make you confident and will not experience stress or other negative things that will make us lose.

[btsjungkook]

If you want to start trading try to read the official article updates a coin widely available diweb or other social media. A little story about trig coins I read an article that the coin was going to burn on the 15th and a few weeks ago I bought it cheaply and yesterday I sold it at a price that can be spelled out fantastic and get many profit. But not everything is true depending on the market conditions are adequate. The most important thing is to try to learn the coin analysis you want to trade sir.
Maybe it's a little science that I give may be useful for everyone

[MRY]

as a beginner you have to learn a lot and keep practicing about trading and if you fail then make that failure as a lesson so you will have a lot of experience and will make you understand more about trading

[welchmgra]

At this rate I assume everyone does as well. Except for few people who cached the increases and got out on the right time and some people who have purchased short futures at the right time, there is absolutely no one in the world that made money in this market.

For the past 10 months the market was not proper for any gains and it was constantly losses for everyone, we have even probably put more money into it to drop averages than we would like to however it kept going down. We are waiting for that "big whale" to buy thousands of bitcoins at once so the price gets up a bit.

[malah]

what you say is correct and you have to be patient and try to be able to do it right because to be a good trader requires a good effort, keep up the spirit of trading and don't despair, try and keep optimistic

[Emitdama]

You have to learn more about how to determine support and resistance area by use price pattern and some indicator. If you understand already how to do that so you will know which level price to buy and what is the stop loss level. Different between stop loss and take profit should 1:2 , for example if stop loss 5% so the take profit should be minimum  10%.

Actually, there is really a lot to learn when it comes to trading, but the problem is people are not always patient to learn all they need to learn before even starting to trade but since they heard you can make a lot of money from trading, they just want to start making money immediately, and it is because of this that a larger percentage of traders are always losing most of the time.

Trading can be fun, only when you have the knowledge and experience to be able to trade and you cannot just get all those in one day which is why I always advise wannabe traders that if they want to do well, they should not rush, but start with paper trading or demo trading, so they can at least build on themselves.

[Brawnsugar]

Reading through this thread, the post from the OP and the responses thereafter, I'm encouraged to resume my trading lessons once again. Earlier in the year, I tried my hands on trading not just crypto, but FOREX too. I lost over $1500 trying to trade and it really demoralized me. I think I had not gotten sufficient knowledge before going live with trades. Now I'm encouraged to start again and learn even more. I also realized I need to work on my greed as a lot of times, I should pulled out of trades profitably, but greed set in and I kept telling myself each time I can earn more.

[Findingnemo]

When you are not ready for trading then you should not do that or else you will be failing here and most importantly trading is not for everyone so if you can spend much time for analysis then trading can be profitable and also you needs basic level of trading skills.

[sultanGol]

Even the most experienced traders fail many times in the current market, it is not easy to read what is going to happen. I suggest to practice with "no real money", and invest when you gained more experience, and maybe the market is going up.

[awik p]

Even the most experienced traders fail many times in the current market, it is not easy to read what is going to happen. I suggest to practice with "no real money", and invest when you gained more experience, and maybe the market is going up.

right, don't give up, it's true that experienced traders often fail, but they rise up by correcting errors, so that same mistake doesn't happen again. of course it requires a long process

[$anounimus$]

if you fail in the world of trading you should be able to learn first how to trade well and correctly so that you can avoid losses and can always make a profit. experience, patience and expertise to determine the right time to buy coins and sell coins is the key to success when trading.

[Itjoker]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

First of all you should study about cryptocurrencies. There are many video clips, channels in youtube and literatures about trading, especially in cryptocurrencies market. You should learn about technical and fundamental analysis, always improve your skills and read all news in crypto world. Also learn literature of great traders as W. Gann, J. Livermore, G. Soros and other.

[Wall_Streeet]

the main thing is to keep statistics, without it you can only get the result that you do not know how to analyze