Traders who never bother to learn how to trade

[NeuroticFish]

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

Too many are lured by the big price variations, by wonderful stories, especially from websites that only care about their ref links, by the mirage of easy money.
Nowadays people think they are smart and they know better, so they'll read deeper only when the things go wrong.
And FOMO is a great factor, especially in the months when Bitcoin rises in a spectacular manner.

All in all, some will always learn on the hard way what's Bitcoin trading about...

[BUK2016]

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

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?

How and where did you get your figure from? I believe in your statistics about about the 96 percent of traders since you didn't follow it up with evidence to support your claim. Though it is good for those who want to trade crypto currency without prior knowledge to of trading should go and learn before they find themselves in trouble that will cost them to lose their trading capital.

[Bunsomjelican]

If there are traders who never learn those are don't know how to listen to the advise of many here.
Sometimes because of their greediness they've loss coins and not changing their way of doing the actual
trading in crypto.

[nowlscor18]

You are right, it is very difficult to be a successful trader without having any knowledge about trading. You need to understand how the market can behave and what can follow. If you learn, it will help you avoid many mistakes that you may face.

Making mistakes is unavoidable specially you're newbie in trading, For those who didn't even planned to learn trading seriously, I guaranteed they will fail instanly at first trading attempt all alone. It's so hard to learn by experience, because eventually you'll be lossing lots of money.

[el kaka22]

Bothering to learn the trade may not be enough neither, I mean I totally agree that this new traders that are not even studying how things work and just do their trades based off on their "gut feeling" are full idiots but at the same time just because you studied trading and even read couple of books about it and all online materials and you think you know what you are doing and start trading its still not going to be that great.

Experience plays a big role in this and even after studying like hell you need to do some trades for a while to gain some experience and then when you traded bunch of times and you will be able to see the market a lot more clearly and then you will be able to start trading a lot better because you both have studied and gained experience as well.

[Distinctin]

You are right, it is very difficult to be a successful trader without having any knowledge about trading. You need to understand how the market can behave and what can follow. If you learn, it will help you avoid many mistakes that you may face.

Making mistakes is unavoidable specially you're newbie in trading, For those who didn't even planned to learn trading seriously, I guaranteed they will fail instanly at first trading attempt all alone. It's so hard to learn by experience, because eventually you'll be lossing lots of money.

That's for sure, and you won't know the right approach in trading if you don't study first.
It should start from learn with theory and they you put it in actually application.

With that method mentioned above, I'm sure a trader  is doing the right thing and even he is prone to losing as a newbie, but he knows how to manage the risk.

[hisuka]

If there are traders who never learn those are don't know how to listen to the advise of many here.
Sometimes because of their greediness they've loss coins and not changing their way of doing the actual
trading in crypto.

It is very important in trading to learn first and analyze the situation if not it will turns out loss. Greediness is one of the reason why mostly traders loss their money. So they never bother to learn and gains knowledge as this important things in order to gain profit.

[omonuyak]

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?

About 88% of people I know that invest in Bitcoin and trading do so because of testimony of other traders who may not even telling them the really truth.Trading is like football or basketball and it is your skills and understanding that put you ahead of others in the market or football field. It is risky to take the journey of trading and because of that you must learn before investing.

[South Park]

snip

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.

snip

If I were to guess I will say that all of the people that lose money in the market did not made a serious effort to learn how to do it properly, there are those that never open a book about the topic and are the most obvious transgressors but there are many that read a book or two and begin to implement a method without even knowing what they are doing.

Why are they using indicator X instead of indicator Y? How they can calculate that indicator manually? Why are they using 3, 4, 5, or 10 indicators? Why are they entering or exiting the market? Is their strategy profitable? What is their ROI? How much they can expect to make in a year on average? I could keep throwing hundreds of questions and a trader that took the time to develop his strategy will know the answers to all of them while those that did not will not even understand some of the questions.

[mario66]

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.

Don't be fooled by your cat .. she is merely playing with the spider.
She knows a spider is not realy edible or a serious substitute for the food you give her for free.. without any effort from her.
She is a smart cat 

[MonsterV]

First, a beginner only sees ss from a number of pro traders then they are interested in trading. Well, of course they think trading is easy, just buying at a low price and selling at a high price, but in fact the opposite, they don't learn but hope to profit from the start.

The mind of a beginner is of course only profit and profit, they don't care about learning. They consider it difficult and useless because many say the market is unpredictable, but they are not aware that learning is not a technical matter, but all about trade.

Bothering to learn the trade may not be enough neither, I mean I totally agree that this new traders that are not even studying how things work and just do their trades based off on their "gut feeling" are full idiots but at the same time just because you studied trading and even read couple of books about it and all online materials and you think you know what you are doing and start trading its still not going to be that great.

Experience plays a big role in this and even after studying like hell you need to do some trades for a while to gain some experience and then when you traded bunch of times and you will be able to see the market a lot more clearly and then you will be able to start trading a lot better because you both have studied and gained experience as well.

Well right, learning in theory is not enough to become a pro trader, pro traders must have had very good experience for years. Even a friend once told me "You will be a pro trader when you can determine the direction of the market in the graph with the naked eye". I am aware that experience plays an important role in everything we learn.

[maxreish]

There is a saying that, "Learning is a process." When it comes to trading, we should never forget that. What matters most here is we know how to maximize our learnings on real situations when we are in trading. Some may pretend they know how to trade already by simple buying low and selling high but there is a dept analysis about trading that everyone should know. We may be successful if we are continue to learn more.

[barbara44]

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.

This must be a typical scenario of crypto markets and definitely very rare for any other markets. This is becoming possible for any crypto trader to trade at first hand and also booking profits due to "always in uptrend in long-run" nature of crypto currencies. I mean unlike any other markets you can buy and hold to make easy profits with the crypto currencies so traders are least bothering about educating themselves.

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.

Self-assessment must be a biggest part, every trader must look into focus so that they can sustain with their trading. Even crypto trading is profitable we cannot make quick profits at our own desired time-frame. We must give the markets enough time to book profits here and if we need quick profits then we must LEARN FIRST on how to trade effectively.

[ufaiz50]

I don't really know how beginner swords start and how to think, maybe what you say is true that novice traders don't need study reports. Correction on the market often goes down so deeply, maybe because novice traders use large funds so the decline is quite deep, this is my personal perception that truly smart traders have a small percentage in the market.

[Indamuck]

If they never learned to trade then they are gamblers and not traders.  When you make money from a trade you are taking money from another person so this is a zero sum game overall.  Even the best traders suffer a lot of losses but they do everything they can to limit them.

[gentlemand]

Most people don't learn until they've totally ruined themselves. That's how human nature works. Only the most disciplined take the time to learn which means they were going to succeed anyway.

If I decided I was going to be a trader, and I wouldn't because I'm shit at it, I'd start off with a set sum that I was fully prepared to lose and I wouldn't go any further until I'd processed how that bit of trading had played out.

If it was a disaster I'd know something wasn't all there. All the same crypto trading is so out there I'm not sure how much education can do. A few big hitters can put a bullet in everyone's carefully formulated strategies.

[ethereumhunter]

I think every trader learn trading by other people experience so they can get a new experience which can help them to start trading. People are learning from reading and watching on many website and practice by trading online in the exchanges. But if the traders don't want to learn about how to trade, they could still hold the coin until the coin price can increase and that is happening in the crypto market. I still learning more about trading because I realize that I don't have good skills in trading, so I need to learn hard, and I believe that will help me to make more money.

[Oilacris]

When people do face up hardship or failure on first attempt,majority would completely stop and wont turn their back again.Failure in first try cant really be avoided.

If you do really want or like to be a trader then you should face up these trials on early phase because you wont ever learn if you wont accept these things.
No one do start on being a pro,everyone do start into the bottom.

[sarmrakib]

It's a great article i have found just now. I think every new trader need to read the article at once .However their is nothing makes you profited if you don't learn this .I did the same mistake what you mentioned at the early of your post i putted my capital on the investment without knowing anything as usual i got losses .Then i gradually started myself how to trade with profit. So don't bother to learn trading

[Bitcoin Seller]

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.

That is true. I suppose, those guys who do not want to learn anything about trading and deal with it, are simply self-assured people, who think that they are smart and lucky enough not to get knowledge. Let them do it, and watch how soon they will start asking why they failed in trading. Trading is not excitement or hobby, it is a science and even art.