2 Reasons Noobs Fail At Trading

[Coyster]

I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.

If you do not have what it takes to engage in active or day trading then you can go for long term holding as you claim you do.
Holding coins is much easier and anyone can do that, it requires nothing, other than simply buying the coins and owning a wallet.
So many have tried day trading without having any knowledge and have lost so much, do not force it, go for that which is easier and more comfortable for you

[1714725046]

1714725046

[Reid]

I would rather go manual trading than leaving it for a day or two.

One more problem is the greed comes first. Newbies tend to think like it is an easy task to trade and then just leave it there like a robot making money. It is not.
Just going with the hype is like gambling. There is no proof that it could really make profit hence it could be worse and will just break you  from trading again.

They fail because of greed only of profit. Nothing else. From a small profit for a day then the greed to make more in just the 2nd day. 

[prtty2gal2]

I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks

Then you don't have to learn about a stop loss or choosing the exchange that has a stop loss. What you only need to do is buy low and sell high, that is. As long as you can use that, I am sure that you don't have to worry about the profit because you can always make the profit in trading.

I don't know much about stop-loss, but I always tried to buy low and sell high, and it makes me analyze my chance to get that position. Besides that, I know that it will not easy to use stop loss because we need to be ready for anything that might happen later. But you can learn about a stop loss function in the exchanges, and I think the difference from the normal trade is not too big as long as you know what you want to do.

Probably you are a professional trader, not every trader is a professional or has the time to sit on the system to monitor their trade, trading without stop loss system or take profit system is quite stressful because you have to keep your eyes always on the trade except you are using a bot to trade.

Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.

[TheUltraElite]

Probably you are a professional trader, not every trader is a professional or has the time to sit on the system to monitor their trade, trading without stop loss system or take profit system is quite stressful because you have to keep your eyes always on the trade except you are using a bot to trade.

Some of your concepts are fundamentally wrong here. Not every trader needs to be a professional to make money. The old school method of buying low and selling high always works to make profit provided you have nerves of steel to hold through any bear market and /or stock up more on a bear market. In the stock markets these things are more objective but in bitcoin you can safely buy more without thinking about a loss of the asset because it will rise in future. One does not need to use a bot for that. They can set buy orders and sell orders and check one or twice per day to see if they get filled.

Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.

No exchange would provide you such a tool. If it is doing so then its shady.

[zhengqi]

I use Binance for trading. When I first started trading, I was trading on a scalping strategy, but I did not know that can pay a Commission for transactions in BNB. So I spent on the Commission more than I earned on trading. But now I use BNB. That was my bad experience.