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Author Topic: why many traders(including me) not getting success  (Read 2186 times)
rysea2
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February 02, 2019, 03:56:21 PM
 #41

I think the first point of your topic is the most important point for trading, because learning more and looking for more information will make us have more room for profit. And experience will take us to a better step in taking a risk in trading.

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February 02, 2019, 04:00:41 PM
 #42

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   

Its the fomo around the market as more possible you cannot wait for your token or hodl to pump so youbwill going to switch for the hype token in the market that you may get caught the top because of fomo.
In general though trading is not always good but in proper trading techniques and strategies along with your proper mindset in having patience ypu can earn in trading. Emotions is the biggest part of enemy in the system as it is not only the whales or the other traders your emotions itself is the toughest enemy in this trading. If you cannot wait for the trade to come then you may end up losing all over again.
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February 02, 2019, 05:32:36 PM
 #43

The first point is to increase knowledge, knowledge, and much more. Most traders do not understand and fall down to trade. There must be patience and patience. It is easy to remember that nothing can be conquered.

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February 02, 2019, 06:21:10 PM
 #44

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   

If we do not have a strategy to do for ourselves today our investment for sure is going on the bad way, it's been a while since we know that it the course of trading we have a lot of knowledge about it. I am because i am not a bored person especially now because if we are just going to rush and hope that's why we commit a wrong decisions, why not we try to find another way that we know that will not weaken our investment? The true strategy for me is really worthy and enduring that's why i kind of a lucky guys untill this time..
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February 02, 2019, 06:32:17 PM
 #45

Most common mistakes are greed and panic.

Some people expect to much from a trade. they buy and hold till it goes up 20-30%. Better do multiple trades everyday and lock a small profit on every trade. You will end up with much more profits.

Panic. Lot of people just sell with the first red candle they see after they bought. Just hold on. Price will recover to book some profits

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February 02, 2019, 07:28:56 PM
 #46

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   
You have to use your knowledge in practise, theory is nothing if you don't consider/use it in real life. Also if trading was something step by step, then everyone would do it and achieve success but there is another factor - luck. It is very important in trading, sometimes when you just can't trade for 2-3 days can be a hugely positive decision and also opposite.

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February 02, 2019, 07:55:12 PM
 #47

The basic reasons surrounding why some traders are not successful in their investments and trading are due to the fact that they refuse to understand and know the basic principles need to first start a cryptocurrency investment. Investing in cryptocurrency is not similar to any other investment, you need to understand the basic risks and also need to understand how volatile the market is. Some of these traders are too greedy that they invest all their income without thinking over before investing.
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February 02, 2019, 08:23:11 PM
 #48

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   

Many people loss with trading and few of them get success, don't count but learn from them. I believe everyone already knows what really happen with them, but how they can fix the mistakes is really important. This is the only way get success, stop learn new things ( mindset, method, etc ) but fix the old thing ( you ).

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February 02, 2019, 08:26:58 PM
Last edit: February 02, 2019, 08:50:22 PM by deisik
 #49

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   

Emotion-driven trading is what makes you into a pig

As you might already know, there are bears and there are bulls in any market. All of them make money in the end. But pigs are neither here nor there and they get slaughtered. The major difference between them and those who actually earn something is that their actions become chaotic if things don't go their way (which happens all the time) which leads to a lot of stupid mistakes which in turn causes massive losses

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February 02, 2019, 08:32:40 PM
 #50

The last time I make losses was in the year 2016 which was the year I started the crypto business and realizing and learning from one's mistake is definitely the best thing because if one's dont realize his mistake and do the correction such person will continue to make the exact mistake.
What I will advice all crypto traders that make losses in this current market to sort out where things really go wrong for them and make an amendment while you also learn more about how to trade profitable in crypto sphere.

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February 02, 2019, 09:33:37 PM
 #51

Experience is a big part of the problem. Bitcoin is way different than any other trading out there. I agree that they look similar and what not but Forex is still different crypto trading. So we are talking about a brand new trading that not many people have experience on and wonder why we are not doing well.

Honestly, they are quite similar. Back in 2013 or early 2014, there was still some semblance of the untainted, emotional Bitcoin market of yore. Ever since then, it was taken over by bots and algorithms. It was infiltrated by institutional traders. At this point, it trades just like crude oil, gold, and some of the heavily commodity-driven forex pairs.

The problem of losing traders is the same as it ever was. They're emotional, they practice bad risk management, and they haven't developed a profitable strategy.

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February 02, 2019, 11:15:55 PM
 #52

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   
Don't forget, if you know and can mention your mistake. Actually you must learn from that. Succesfull traders must already feel that thing at first they do trading activity. And what make them success is they learn from their mistake.

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February 02, 2019, 11:38:57 PM
 #53

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   
Everything and as a trader you should notice that early so you can improve it right away and make a good adjustment. If you think you have a weak emotion then better to learn to be more patience and trade without emotion. There’s still time for you to grow, do it now.
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February 03, 2019, 05:10:23 AM
 #54

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   
In my own words I will say you have to practice before you did be perfect, just like it's written (practice makes perfect) when I started trading like a newbies I made up my own time to practice with a demo account and I got the whole idea first before I took in trading live. Even at trading live I put in some little funds still on practice I never put in all my Capitals yet I was definitely still learning more using the live trading. Secondly you have to put away fear when doing something for the first time dear alone can destroy your interest in making it right. Thirdly you need have patience this part is the number one key to trading.

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February 03, 2019, 05:25:10 AM
 #55

Experience is a big part of the problem. Bitcoin is way different than any other trading out there. I agree that they look similar and what not but Forex is still different crypto trading. So we are talking about a brand new trading that not many people have experience on and wonder why we are not doing well.

Honestly, they are quite similar. Back in 2013 or early 2014, there was still some semblance of the untainted, emotional Bitcoin market of yore. Ever since then, it was taken over by bots and algorithms. It was infiltrated by institutional traders. At this point, it trades just like crude oil, gold, and some of the heavily commodity-driven forex pairs

I can't quite agree with this

I don't know what you mean by commodity-driven Forex pairs as I never traded these and I'm not even sure whether you can actually trade commodities at Forex (after all, Forex is about currency exchange, not commodities). But if we take oil and gold, i.e. something which I'm quite familiar with, it feels different. I'm speaking about commodity futures (as well as options, to a degree), and they are a completely different beast (in what concerns trading experience as well). Unlike crypto, with these assets you have to keep a close eye on things like expiry, rollover, differences with spot prices, and a lot of other things which affect your approach to trading

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February 03, 2019, 06:06:53 AM
 #56

You can't say all of trader are very successful in trading Because you don't know how it goes. Well for sure get more study about trading and more experience you have the more point how strategy you will get.

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February 03, 2019, 06:09:46 AM
 #57

It is just simple. You newcomers are the lambs. The experienced traders and veterans are the wolves that are just waiting for your money to be transferred to them. Always remember that in trading, that whenever there is a guy who is winning and profiting, many of people are losing.
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February 03, 2019, 07:11:22 AM
 #58

In trading always there are people make profit and others people loss money. And to be apart trader that make money we should be avoid greedy and follow the rules of trading and money management. Greedy is biggest enemy in trading so never do it.

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February 03, 2019, 07:56:56 AM
 #59

It is just simple. You newcomers are the lambs. The experienced traders and veterans are the wolves that are just waiting for your money to be transferred to them. Always remember that in trading, that whenever there is a guy who is winning and profiting, many of people are losing

If this is your own thought, then you hit the nail on the head with it

I have to add that it is not just about newcomers only and not all newcomers are that lamb as some of them are these wolves in person. With stock markets failing, we should see more of them getting interested in cryptocurrency trading, especially if it is mostly free money for them. And not all "long-standing" bitcoiners are experienced and seasoned traders as many of these people are hapless bagholders with Bitcoin and other cryptocurrencies

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February 03, 2019, 09:51:32 AM
 #60

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be?Huh?? please comment   

If you do all that things and still not profit from trading then i see one thing you lack and thats establishing your trading strategy. Trading is not about that three things because even you read books and knows how to trade, if you dont work smart, you will not earn anything.

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