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Author Topic: I fail in trading  (Read 24160 times)
oilton16
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November 05, 2020, 08:15:19 AM
 #721

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.

did you use this trading bots which say when should you sell
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oilton16
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November 05, 2020, 08:24:08 AM
 #722

Most traders sooner or later lose their money. Trading is very much like a casino only having much more opportunities to both increase and lose their capital.

You need to be aware that any transaction can be unprofitable and calculate their risks accordingly.


so simple rule which all of us  know why then we keep failing
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November 05, 2020, 08:44:27 AM
 #723

Failing is normal especially to those beginners like you. Getting loss in trading doesn't mean of not continuing on trading. Many newbies fails and stops but it isn't good for you to stop. You should learn and analyze why or how did you fail where in you can fix where you got wrong. Sometimes asking other trader will and doing demo trading to have a higher level IQ on trading.
I also failed hundreds of times more when choosing to invest in the market and I consider it a lesson to help me become better at trading because this market depends so much on your current knowledge.

Not everyone succeeds in this market and certainly has had a very hard time, so in one way or another, you cannot avoid failure. Personally, I now make a lot of profits from day trading and the winning rate is higher than it was at the beginning.
I guess you also risk more  than in the beginning 
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November 05, 2020, 09:39:05 AM
 #724

Most traders sooner or later lose their money. Trading is very much like a casino only having much more opportunities to both increase and lose their capital.

You need to be aware that any transaction can be unprofitable and calculate their risks accordingly.


so simple rule which all of us  know why then we keep failing
The comparison between trading and gambling is also quite a lot on this forum, it is quite true for newbies. Newbies are often tempted by super profitable forms, they bet without analysis, losing money often happens at the start of joining.

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Btc_1856
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November 05, 2020, 11:53:05 AM
 #725

Most traders sooner or later lose their money. Trading is very much like a casino only having much more opportunities to both increase and lose their capital.

You need to be aware that any transaction can be unprofitable and calculate their risks accordingly.


so simple rule which all of us  know why then we keep failing
The comparison between trading and gambling is also quite a lot on this forum, it is quite true for newbies. Newbies are often tempted by super profitable forms, they bet without analysis, losing money often happens at the start of joining.

Most of the newbie will always look for quick money and it will not help them to make some decent profit. Trading and gambling have equal chance to lose money, but compared to trading there is a higher probability to lose money in gambling. Choosing a legit coin will take time, but surely it will help to find the best outcome when the market starts recovering.

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BlackFor3st
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November 05, 2020, 06:40:18 PM
 #726

You are still learning how trading works so don't expect that you can get it in one try, you still need plenty of experience before
you can create your own unique techniques that will give you a profit. As what you have said, we need to be patience in trading so you
should not conclude that you have failed already in trading as it is still very early to say it.

You haven't reach your full potential yet so don't give up yet, keep on researching additional useful information in trading and keep
on testing different strategies using small amount of money so it will not be painful if you are going to loss it.


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November 05, 2020, 10:09:46 PM
 #727

Most of the newbie will always look for quick money and it will not help them to make some decent profit. Trading and gambling have equal chance to lose money, but compared to trading there is a higher probability to lose money in gambling. Choosing a legit coin will take time, but surely it will help to find the best outcome when the market starts recovering.
There is a very good research article on the subject of trading and gambling addiction: "Excessive trading, a gambling disorder in its own right? A case study on a French disordered gamblers cohort" (https://www.sciencedirect.com/science/article/pii/S0306460315300721).

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November 06, 2020, 03:49:36 PM
 #728

All the neecessary things are mentioned and you are already suggested.'FAilure is the pillar of success" but money is investing here so we must be careful. Spend your time without any anxiety and with relaxation, so you can focus on the project. Take time and  keep observing the trade volume, social media updates and demand of a coin and in which section the coin is using. BE familiar with the ups and down timing and then go for it.

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November 06, 2020, 05:11:48 PM
 #729

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 only need to be patient, your instincts, skills, and trader mentality are not formed overnight...
Trading is not much like learning to ride a bicycle, falling and getting injured is a common thing but over time, your instincts will form without realizing it. It doesn't matter if you fail and loses today, as long as you don't stop to try then you will definitely become a great trader in the future.

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