Traders who never bother to learn how to trade

[Mr_Akbar]

It pains me to watch new traders jump in head first without first learning what to do.

Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.

Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.

My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.

She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.

If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?

[1714942048]

1714942048

[CryptopreneurBrainboss]

Here's where the problem lies, many so called traders of the crypto industry presume trading to just be your regular buying and selling. Well, that's just the basic as trading has more to it. Therefore, if you call yourself a trader and all you can do is buy, hodl and sell then you're no difference from the average investor out there. There's more to trading then the basics involving buying and selling of cryptocurrency and that's where getting educating on trading comes in. The market makes it so easy for anyone to see him/herself as a trader as far they can successfully buy and sell cryptocurrency so they don't bother educating themselves on acquiring the skills necessary to be a successful trader.

[leowonderful]

A lot of people develop bad habits in trading over time without realizing it as well, and unless you really take the time to analyze your trades and see what went wrong, it can be hard to identify and rectify these problems. You're also your own teacher when it comes to trading as very few people are willing to give up their own time to teach others anymore, much less one-on-one lessons, so you've got to be able to absorb and apply the things you learn quickly too.

[JohnBitCo]

A lot of people develop bad habits in trading over time without realizing it as well, and unless you really take the time to analyze your trades and see what went wrong, it can be hard to identify and rectify these problems. You're also your own teacher when it comes to trading as very few people are willing to give up their own time to teach others anymore, much less one-on-one lessons, so you've got to be able to absorb and apply the things you learn quickly too.

Unfortunately there is no institution or schools which teach the trading.  Most people learn trading through internet and YouTube videos and that too they are not fully learning it.  Getting a small knowledge and then jumped into the live trading will never make you good returns in trading.

[leavolnhals]

Please understand that the work has its own harshness. Some gifted people can learn transactions very quickly and practice them very well but there are some that don't.
Everyone is good at different fields, maybe they are not good at trading but they are good at evaluation and hold.

[semobo]

When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.

They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.

[exstasie]

It pains me to watch new traders jump in head first without first learning what to do.

Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.

Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

Most people who attempt trading are destined for failure whether or not they read up beforehand.

Even if one can manage to employ a profitable trading strategy and learn the basics of risk management (not an easy feat), the real test is overcoming the emotions and adverse trading psychology that comes with trading. All that book learning goes to shit when you can't emotionally take a loss. Then you start pulling stops, letting losses run, and then all of a sudden your account is blown up. And that's exactly the point where most traders quit.

The fact is, you can't learn to control emotions and stick to trading plans by reading books. You can only learn by doing. Trading is a sink or swim endeavor and most people sink.

[SvonioneFromMangoCoinz]

It is a sad truth. Because most people who participate in the crypto market do not have a good amount of knowledge for safe and high profit trading.
therefore, they have to go through a lot of failures and that makes them sad and want to give up.
anyway, trading is not an easy job and it takes a lot of time to master.

[Upgrade00]

It is a trend and has lead most to grave losses. They were likely introduced to trading as a source of easy money and they jumped on the idea.
As a trader, you should look for a website that supports demo trading and start off with zero pressure, and find your strength and weaknesses. Then you gradually start investing little capital and learning to cope with pressure and actual losses.
The aim is not quick profit, but longevity, build your account to support your trades without you having to source for capital from other incomes.

[Sharon121212]

My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.

I will not critics your cat, you never learn how to get it right if you never tried the road might be bumpy but if you keep on learning the theoretical aspect with out giving any practice you will never learn. You have to put yourself in a real life trading. The greatest traders around has stories of failed trade but practicing and practising will improve you. But I do recommend as a new trader you should use minimum fund to go for the main time till you up your game

[Janation]

It is true that time is gold but I don't think we should just dive in head first into gambling without even knowing it first.

I've been like that in the past, I do earn some profit but to be honest, I don't really know what is happening I just know what to invest in and not knowing when to do it and how to do it. But there comes a time that you will be hitting a dead end and you will be thinking that it is better to stop but to be honest, that is the time that you need to learn and take some advice from the experienced investors and traders.

[qtronix]

I agree with you. I was one of those traders who neglect learning and start immediately to practice. I can say that I paid for my mistakes. But it was also a rewarding experience for me. After that, I began better to study trading and my results also became much better.

[pieppiep]

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?

Don't forget that the new traders have a big lucky than the old traders because I see some of my friend who doesn't have skills in trading and they make a random buy order in any price, but suddenly, in next week, they can make a nice profit than the other friends. That proves to me that not all new traders are losing money because I see that some of them can beat the other and make a big profit more than the others. They still learn from many sources so they can add more information about trading, but still, they don't have much experience depends on the old traders.

[elda34b]

Don't forget that the new traders have a big lucky than the old traders because I see some of my friend who doesn't have skills in trading and they make a random buy order in any price, but suddenly, in next week, they can make a nice profit than the other friends.

You can't rely on luck if you want to make trading your profession. You need to learn, practice and hard work. Out of 1000 trades that you made, it's possible that only 100 or maybe even 10 that will give you good results. The rest of them will screw you before you can make another 1000 trades and get lots of good choice.

You can't get rich if you depends on luck. You need to work and hopefully luck will follow you everywhere.

[Joyawan13]

without learning to trade first, of course, a new trader will get a chance to lose, and even if they can make a profit, maybe they have become their luck, but in conducting crypto trading, you should not play and try without understanding and knowing how do it. right trade, even if we want to learn to trade without someone's help, we can use enough capital and not too much, because you don't need to make a profit, and for example you will suffer losses you won't regret it so much.

[bitbunnny]

There are some traders who don't care much about knowledge, skills and strategy. They more count on luck and that can work for a while but only on a short term. On long time period they will suffer loss, that is for sure and that is going to hurt.
I don't believe in serious trading without proper knowledge, skills and experience.and that comes with time. You will not become successful trader over night.

[kingpin4321]

When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.
They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.

The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investing

[whyrqa-1]

One way or another, someone succeeds in something, because if the trade of inept traders was unsuccessful, their number would decrease very quickly.  Nevertheless, traders with different ranks continue to work in the cryptocurrency market, although they have to lose quite a lot of their assets due to lack of experience.

[sheenaedago]

One way or another, someone succeeds in something, because if the trade of inept traders was unsuccessful, their number would decrease very quickly.  Nevertheless, traders with different ranks continue to work in the cryptocurrency market, although they have to lose quite a lot of their assets due to lack of experience.

Having experience on a specific thing which you don't even learnt by basic, could always brought you to failure. It's so impossible to be successful unless you're doing it effortly, like studying all by yourself taking some research. Getting ideas from experts who can help us is the very important ways in order become intellectual with trading.

[carlfebz2]

If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?

Time is indeed money but money cant buy time.If you do tend to reverse such line it isnt really applicable.Its true that there are lots of beginners do see trading as a honeypot and make themselves to be rich on engaging it without any proper preparations or learning where they do end up on frustration because their hopes been broken.Trade results can be seen which will really be motivate you to go into the same path but people gets too confident,they would only realize that they do need soo much thing to learn first before on getting profitable.