happy man (OP)
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January 31, 2019, 10:55:53 PM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment
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BitMaxz
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January 31, 2019, 11:18:56 PM |
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There are many reasons why some traders not getting success in trading. Read the thread below to add them in your list. - Top reasons that leads to fail in trading
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kawetsriyanto
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January 31, 2019, 11:29:10 PM |
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I assume most traders fail to success because of lack of knowledge and experiences. Experiences means learning from the each trading condition, market, mistakes, and other factors on trading. While Knowledge is related to the basic and technical strategies. Then, it will guide us to know proper strategy to apply and what trading type is fit for us.
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exstasie
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January 31, 2019, 11:31:00 PM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment It's not just you. Most retail traders lose money and give up. I've been in some trading groups over the years and there's a very high turnover rate. Most new traders go into it blind and make a bunch of losing trades (or blow up their account) and give up. For reference: Reasons Why Forex Traders Lose Money A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. The biggest reason is lack of risk management. Bad traders FOMO buy and panic sell without regard for technicals. They take high risk/low reward trades and then they let their losses run.
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harizen
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January 31, 2019, 11:36:46 PM |
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4) or what other reasons could be? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment How long do you trade now? Achieving a success in trade will not happen overnight. At some cases, it takes years as different trend can happened year by year resulting in different way of making strategies just to deal on those. Just move forward. More importantly you must learned from your mistakes and take that as a foundation on better trading experience. The dominance of bear market for a long period of time now might be the key reason why new traders are having a hard time learning the way they really want but don't take that as a reason to give up and think that nothing good is happening.
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akram143
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February 01, 2019, 01:26:55 AM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment success is not about how we are making the money the day for success is how we handle our money that we have in our hands and how we are saving it if you have low earnings then we need to know how to handle that if we know that kind of things then it will be very easy to be a successful person in life.
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karungbitcoin
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February 01, 2019, 07:59:18 AM |
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First we have to understanding of price action and the trend of crypto market, if the trend bullish like in 2017 just follow it with buy good coin and after target profit achived out from the market, and if the trend bearish we have to trade on margin trading so we can short the price. Beside understanding the trend , we should be have risk management to minimize risk from wrong prediction.
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mk4
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February 01, 2019, 08:22:29 AM |
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Did you actually do your research and actually try studying how to trade before going in? Because if not, I really suggest that you do so. Also, don't stop studying, even though you already went in into doing actual trades yourself. If you haven't been trading for some time yet, losses are really to be expected. If trading was that easy that you can constantly earn profit early on, then everyone would be doing it.
Also take note that mostly(not 100% of the time) with trading, especially daytrading, with every winning trade, there will be someone who loses.
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wuvdoll
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February 01, 2019, 09:08:49 AM |
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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
You are sounding like a gambler not a real trader. Only gamblers will keep trying and then will lose all their bankroll at the end of the day whereas traders will book profits once and will close for the day unless otherwise their analysis indicates another trade opportunity. I guess you must start learning from our own mistakes. Just keep trading but with the very small capital and focus with conscious to find out that where you are slipping down. I mean to say just trade with very least capital but rather than looking for booking profit just focus on what you actually need to fix in your trading behaviors so that you can groom as a real professional trader. Learning alone will not help anyone to become a trader and even they become trader, just learning from books will not help them to find success in trading. You must dedicate more time to practice to gain the real market experience and while you are trading in your beginning days, you must risk only small capital and must focus on learning from your own mistake that is the key for success here.
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Reid
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February 01, 2019, 10:32:08 AM |
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I am a manual trader and that means I need to monitor the price of my token and coins often.
Mostly it is my patience which is my problem. But when I see profit I do make decisions so fast. I think that is one good thing about me. Another is choices. Once I get so lazy to read about the coin then it will be a problem and it does happen a lot too. Trading a coin which turns into dust in just a couple of days.
You know the good thing about it? We learn from it. I say that is when experience comes in.
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piebeyb
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February 01, 2019, 10:41:56 AM |
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the reason why you didn't succeed is that you might be too greedy to take a position, I as a trader and even everyone has the same thing also failed but they made it an experience that can be learned, my advice is trying to trade with small capital and knowing how to trade in the crypto world, do not rush to think profits try to prioritize understanding the market first
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el kaka22
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February 01, 2019, 11:01:32 AM |
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the reason why you didn't succeed is that you might be too greedy to take a position, I as a trader and even everyone has the same thing also failed but they made it an experience that can be learned
Yes, greedy is the collapser of party when we are about to close a trade. If a trader is not sticking with his initial target levels and also not keeping the trailing stop loss then may get stuck within market fluctuations even they got into markets at right times. This type of scenarios are most common in sideways markets. Right now, I guess all cryptocurrencies are range bounded and if we do not stick within trading calls for both entering and exiting a trade then we may miss out good opportunities of making easy profits. my advice is trying to trade with small capital and knowing how to trade in the crypto world, do not rush to think profits try to prioritize understanding the market first
Learning in real markets with small capital must be a good suggestion but I do see new traders are not having enough patience to follow these things as they want to be millionaire over night but in reality they do end up biting dust. It seems everyone do learn from their mistakes regardless of what ever we do suggest them.
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jems
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February 01, 2019, 11:12:09 AM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment Profit and loss in trading is a natural thing and must have been experienced by all traders, but to minimize it we need the right analysis before making a decision and one of the most important things for me in trading is experience.
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eagle10
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February 01, 2019, 12:13:38 PM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment Even expert traders do not always win but just high probability or rate of winning the trade they make. Don't expect too much when you are trading especially when you are just a newbie. Newbie traders are impulsive. Most of them want overnight success in the trades they are into. Patience is one key and realistic return in your trades. Most newbies wants more than 20% in one trade overnight but it didn't happen. Why not create trade with 5 to 10% realistic goal so when it hit you can just again place for another 5% until you reach your goal of getting 100%. But don't expect it to happen in a very short time. You have to learn to read basic chart too to analyse if you are trading at the lower price or not.
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Cryptosaja
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February 01, 2019, 12:41:18 PM |
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I am also not a successful trader, I often fail and sometimes I'm frustrated, but I always cheers myself i can move on, but becoming successful trader we need experience and study the market and always keep learning,we need sharing with some masters to take their knowledge
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bitcoin31
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February 01, 2019, 01:43:20 PM |
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More traders for sure did not successful on this kind of earning in cryptowrld. There is a lot of reaskn behind that we cannot give what is the exact number of trader who are not successful but if im going to estimate it maybe they have hundreds thousands around the world who are not lucky in the trading and millions of traders are lucky and getting earning money.
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St4yInTh3D4rk
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February 01, 2019, 01:59:27 PM |
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Even while have enough knowledge about how to do crypto trading you can make mistakes when you don't have experience so you need to keep practicing and keep learning from your mistakes to be more successful.Now the market is not greenish so it is not for the time to make profits for every trader so don't go for trading until you see the market in healthy condition.
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omonuyak
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February 01, 2019, 02:09:27 PM |
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Even while have enough knowledge about how to do crypto trading you can make mistakes when you don't have experience so you need to keep practicing and keep learning from your mistakes to be more successful.Now the market is not greenish so it is not for the time to make profits for every trader so don't go for trading until you see the market in healthy condition.
If you are an experience trader you will understand that there some indicators that can predict the downward market and if you understand all those indicators you will know that in both upwards and downwards trend you should be able to make profits. There is no healthy market conditions we only have healthy analysis.
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DevilSlayer
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February 01, 2019, 02:20:13 PM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment Those number 1,2 and 3 are the reason why many traders are not winning in trading. There are traders who have lack of experiences that lead them to losses. Improving skill and getting more experiences are important in order to handle different risks.
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emberbekas
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February 01, 2019, 02:27:06 PM |
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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](https://bitcointalk.org/Smileys/default/huh.gif) ?? please comment The fear that assets will go down further is the reason why many traders tend to fail when they hold coins. Fear will also haunt someone to enter the market when there is an opportunity. Even though a person has good knowledge and experience, it cannot be a guarantee that he will become a strong trader who will be consistent with what he believes.
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