I fail in trading

[oilton16]

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 

[1715226557]

1715226557

[1715226557]

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[1715226557]

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[culuuton]

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.

[Btc_1856]

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.

[BlackFor3st]

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.

[sambuddha]

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).

[oprahwindfury]

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.

[Renampun]

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.

[oilton16]

fail trading -hold this might be easier and smarter

[cheezcarls]

I also failed in trading recently (usually copy trading). I lost more than $25 right now in my $100 initial capital because of the bad luck trading of the ones I followed, and didn’t monitor the position where I should be closing the order manually to prevent further loss. I’m even thinking of going into futures trading, but I have long ways to go to learn more about the TAs, etc.

I already acknowledge the risks so if I would be running out of funds, that’s okay because I can afford to lose $100. Same with my sister who also joined me in copy trading, and we both lost but it’s okay for us. She likes to take risks like me even if we lose in copy trading these days.

Most of the traders here usually lose, and are not perfect and we all have to acknowledge it and manage risks very well.

[Om.monata]

In reality, trading cannot be done self-taught, it must go through various stages and lessons that require a time-consuming process. today when you fail to trade, you can try to do an analysis of where the failure was. because every failure there must be an error that is done and needs to be evaluated. You don't need good and high-priced coins, if your trading skills are good, any coin can get big profits. that is why professional traders always get profit, because they are supported by good abilities.

[jack05]

If you want to get success in crypto field then trust me there is no shortcut for success. Try to be long term investor if you really want to catch big fish. Day trading or short term trading goes you temporary success, in the long run traders always end up in loss.

[hahay]

If you have studied it for longer then it will make your knowledge and experience increase, because the question is have you spent a lot of time studying the market and price movements?
If you are just starting out and then practicing it right away while you still need more hours of flight then you shouldn't say it's a failure because basically you still have to do it more often and if you keep failing then trading isn't right for you.

[Rexler]

I get your point mate, but failure during start up is common everyone fails at the early stages, I believe every successful trader today must have had their own fair share of bad days like this when they started their trading journey, so don't give up yet instead learn more and put heart into it, cause if you love what you do you can easily succeed at it, also trade so you can gain more experience about how the market works.

[Oilacris]

fail trading -hold this might be easier and smarter

You should always watch up on the date before making any response on any thread because you are just simply making some necroposting or grave digging.

Back on topic about failures then this is mostly be experienced initially and it would depend into a certain person on how he do deal up with it and success will vary on how people handles it.

If it turns out that you do fail no matter how hard you do tried then its not bad to stop and find for something which does work for you.

[repear7]

Analyze market, Believe yourselfers, buy coins. I recommend you to trade in popular exchange, like binance. You have chance to gain atlast capital if you trade in popular coin.

[martina14]

If you fail in doing trade in the exchange that means you did the wrong moves in it for sure.
Anyway, all traders always learn from their mistakes, surely you did the same way as the others did, am I right?
Just always remember to trade the coin in which it has a good volume in the market and huge traders as well
so that there is a high chance for you to earn good in the end.

[Xxmodded]

Buy some coin on lower price and you should know about bitcoin because altcoin price depend with bitcoin, if you see bitcoin still down better hold and wait until bitcoin back to higher price, never take risk to investing when bitcoin still down because very risk with altcoin will down. I always check with moment bitcoin still on the top price or not.

[Grafen]

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

Follow every tweet of Elon Musk. This is the only thing you need to know to trade successfully.

[JooBra]

From my experience if you have a lot of money trading can be good option but if you don't have much capital investing and waiting is the best way to earn in long term.

[Sinjokubhi]

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 tried your best, and you tried, but failed.

I've felt it at that point. It is true that there are things you do not know, even I myself do not know. Even now, I continue to feel that there is something I don't know about. and from there we want to continue to find out and learn from our past mistakes. Regarding failure, everyone must have experienced it, even a professional in his profession still experiences failure. Because in the absence of failure, we will not be able to experience what it is, which makes us develop, to know ourselves more deeply. But it all depends on us wanting to continue and learn from our mistakes that have occurred, or if we stop just there with our failures.

If you can adapt and are able to find the point where the failure occurred, and start to fix it, I am sure, in the future, you will not experience the same failure that is happening now. Because of what? Because we have gained experience from these failures, which can find out where we went wrong at that time. We will not be trapped for the second time in the same failure, if we are serious in finding common ground solutions.

That experience is very important in all professions that exist today.