2 Reasons Noobs Fail At Trading

[Ararbermas]

I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.

yeah even experts sometimes making mistakes because no one is perfect especially on this kind of market which is very unpredictable and so volatile. I believe it's about strategy and knowledge in order to become successful. but unfortunately doing mistakes always happened without knowing  especially if you're greedy and very emotional in any situation that always occur.

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[TheUltraElite]

beginner traders often have a hard time understanding how the market works and a lot of them so emotional and want to make money asap. It's a big mistake I guess.

Its a big mistake for them to step into trading without doing any research. I have seen people talk about being experts in trading when they dont even understand how market indicators work. These kids think they can get rich in one or two days of watching the market and taking the pump and dumps while they dont understand what is going on deep down.

The whales will be the ones who will feed when these people panic sell or panic buy. Then these idiots will be the same people calling crypto a scam and going away.

[BitcoinTurk]

I think that both of the reasons you mentioned are actually reaching the same result because if the detail is given the first reason, the description will be bound to the second reason. On the other hand, I think that these elements are very accurate, and many people often fail because of these features and features. It is a fact that every trader who does not know how to use stop loss will not be one step further than amateur.

[Razerglass]

Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites 

You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies. What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news.

[TheUltraElite]

You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies.

There are divided opinions regarding this. All the market studies are based on some speculation concepts. They are not wrong but they run theoretically and practically. But traders know that every point of TA would not be true from start to end. There will be fluctuations and it is more of a possible prediction of a trend. Do not depend totally on TA because its always 50-50 chance.

What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news.

Where exactly would you hedge your funds? Unless you have access to a large volume of liquid cash for cashing out crypto and holding fiat or precious metals or bonds you have no method to hedge your money here. Also do not trust any third party site functioning as a hedge fund.

[CryptoMobster]

Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites 

Emotions and Risk Management.

I disagree with both of yours

[lovesybitz]

Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.

Thats the most annoying thing in the damn world hahaha; thats why I usually set mine a little lower than I am comfortable with; still though Nauticus not having this is a hassle and a half.

That's why trading called unpredictable market, actually even the expert one failed to analyze the actual graph in the platform.
Therefore, if they failed on it how much more the newbies, isn't right? So that most traders became a bullish to minimize their
loss of coins.

[TheUltraElite]

Emotions and Risk Management.

Emotion control is not something I would expect from those who have entered the market to get rich in a day trading some shitcoin. Trust me majority of the rekt crew out there are doing this and getting even more rekt before they know it. Long term holders and sellers who dumped at pumps and rejoicing dumping on these bamboozled idiots.

Risk management is again something that noobs wont know at all. If they did then they would not be wasting time on trading pennycoins but become a professional trader or a financial advisory.

Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.

Its not always important to cash out a profit. You can set a certain price for selling and then go to sleep if you bullish on that coin.

[dunfida]

These arent actually the reasons hence,  noob traders shouldnt really rush up on day or short trading yet these are one of the most difficult way on making profit thru active trades.
Most technicals can learned along the way when you do trade and these stop losses are helpful depending on your risk reward ratio. Failure will always matter on emotion or on how you
do execute your trades.

[LUCKMCFLY]

I think the main reason is to leave everything to chance, or think it will go up because I think it will, or by the form of the graph take decisions, and the most prevalent reason is to have no idea or any basis for analysis, if at least read a good book, before going to the graph could have some idea of ​​how it is that the Offer-Dema moves to make decisions, and educate yourself at least a little, it would be an investment of knowledge only of book reading, thus guaranteeing a criterion based on a recognized author.

[michellee]

Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

I don't think new traders will know about discounted trading platforms or functions and know about stop losses. Because I remember in my early time as a new trader, I am confused to place a buy and sell order and makes me place in a wrong buy price, and even it happens too with the selling price. And after I realize my mistake, I fix my trading and slowly, I can reach a profit which makes me happy to see my first profit.

I think soon, and the new traders will learn about what is their mistake and try to fix like what I did before. But that is only for traders who want to try to trade and want to learn more about trading. It's not easy to understand the function, but with learning, I believe someone can get benefits from his lesson.

[el kaka22]

Oh Jesus I hate these topics. They look like they are legit topics and the discussion seems so great but than it turns out its just advertisement. You think one of the reasons why noobs fail because they do not select your newly established and affiliate linked exchange that you would hopefully make a quick cent from the people who click on it.

No noobs fail because they don't any better and click your links thinking your exchange is any better than all other exchanges whereas all the professional traders are out there using bitmex or binance and not using yours.

If not using your exchange was an issue it wouldn't be a noob issue it would be all of crypto because its not even remotely close to the top dogs. Stop abusing noobs and trying to collect money from the affiliate links and actually start a discussion without any ads.

[Bagaji]

Well, making losses while trading crypto currency is not only limited to noobs as you rightly said but even those who believe they are expats equally make losses while trading crypto currency. The volatility of the market is one of the major factor leading to such lost of trade.

[Idrisu]

I think sometimes it is very important we allowed people to learn this market themselves because of the emotions they have to developed.  Fear and greed is always the major reason why people lose money in cryptocurrencies market especially the newbies.

[danherbias07]

I am destroyed by thay.
Going in an out and also the .12 fees from some of the big trading websites while there are some who just takes a little chip out of you.

Somehow they will learn that thru experience but it is also good if they read this first hand.

Other types of trading will somehow be hard to explain, they will need to be hands on. Learned from that hard path.

[naruto7676]

Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.

[Polar91]

Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades.

[CryptoCounselor]

Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades.

Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.

[tonyvo2017]

Those are the most basic mistakes. They often suffer losses when not using the stoploss command. It is an essential command for a professional trader.
Besides, they are impatient in investing. they are often scared when the price of the coin has just gone down 1-3%. then they often tend to sell it and wait for lower prices to buy. that's the worst strategy I've ever known and they often make mistakes at that point.

[TheUltraElite]

Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.

Your post makes no sense to me. If you are going to put such idiotic shitposts all day then you should stop wearing a paid signature and learn proper English before resuming.

Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.

This can happen when you have some person giving you "advice" on how to buy and sell. They are typically getting fed with Bullshit propaganda by this "advisor" and pumping their shitcoin with their hard earned money so that the advisor can cash out in the meantime and the person is left bagholding some poopcoin. Nothing new in this market and its a very popular scam method to make money as well - but I do not like that and I advise people not to fall for such traps.