Traders who never bother to learn how to trade

[nydiacaskey01]

You can't blame the newbies if they just jump into trading without learning how to actually trade because there are traders out there who says that trading is very easy, Buy Low, Sell High, and show off their latest gadgets or perhaps their car. What newbies didn't know is theres more than Buy Low, Sell High. Sometimes its even Buy high, Sell higher. Some newbies would rely on signals, signals that doesnt help at all because they (owners) already positioned themselves before making the announcement.

[1715130640]

1715130640

[1715130640]

1715130640

[RealMalatesta]

I hate those who are too aggressive to money and not patient, life is all about patient and one of the problems that I found with such type of person is lack of patience, they want to quickly make money and so they rush in quickly which makes me to laugh at them when they also rush out quickly in failure. Nothing good comes easily, they think that trade is magic and just the same with long term trade where they just buy and watch the market for a long time, and when the see profit they sell.

They forgot that when it comes to trading, they have limited time to work with and the only thing that can make such time worth it is when they have all the necessary strategies which has to be learned perfectly well before they embark on the journey of trading.

[Theb]

You cannot even call them a trader even if they have accounts in a crypto exchange and they still don't know even a single technical analysis or a trading strategy they can't be traders they are just newbies with an account in a crypto exchange. My advise for newbies is to not get into trading cryptocurrencies first but learn technical analysis as you'll have a better hold into the market once you decided to get in.

[monalia]

Personally I never hesitate to learn the trading from my friends or the guys who I introduced after me. When is started initially I was doing the conversion from BTC to USDT.
After that I have started to trade on market price and fixing the price for the the higher expected value.
I used to keep selling profit as 2x times and I was getting that profit also somehow.

[South Park]

You can't blame the newbies if they just jump into trading without learning how to actually trade because there are traders out there who says that trading is very easy, Buy Low, Sell High, and show off their latest gadgets or perhaps their car. What newbies didn't know is theres more than Buy Low, Sell High. Sometimes its even Buy high, Sell higher. Some newbies would rely on signals, signals that doesnt help at all because they (owners) already positioned themselves before making the announcement.

Most traders will say that trading is extremely hard and when we consider the failure rate which is above 90% then we can say they are right, the ones saying that trading is easy are those which try to promote their exchange, and they do it because most traders lose all their capital in less than a year so they always need new customers, and what can be better than to attract customers with promises of easy money by just buying and selling a volatile coin? So while I understand why newbies may trade without any experience they must realize their mistake after a few days and most of them do not do it until they lose everything.

[Kemarit]

And that's what pump-and-dump groups are still at in even though we are already in 2019. There are a lot of gullible beginners out there, being lured by this group and jumping their head first. And what happened to them after they lost their money? They all blame the ecosystem, bitch around the community that they have lost huge amount of money.

But if you look closely at this noobs, they are doom to lose money anyways, because they don't know what investing or trading is but simply suckered by this group with the promises of big returns.

Most of them learn from their past mistakes, become a good trader, while majority losses trust on the system.

[LogitechMouse]

They are not traders. I call them "GREEDY INVESTORS".

Its hard to imagine that an average stupid so called trader will get profit even they don't have knowledge on what they are doing. They thought that trading in crypto is like counting 1 2 3 only. This is why most traders are getting a huge lost in trading because they are jumping out without any knowledge. Professional traders right now spent hours watching videos and gaining knowledge about crypto trading so an average trader must do it to in order for him to become a successful one.

[Spaffin]

I am sure that if it was easy to trade, then almost all were successful traders.  it is an investor that you can become fairly easy to have a certain capital and know about the prospects of some projects, but trade requires a lot of attention, labor, knowledge and experience.

[nydiacaskey01]

I am sure that if it was easy to trade, then almost all were successful traders.  it is an investor that you can become fairly easy to have a certain capital and know about the prospects of some projects, but trade requires a lot of attention, labor, knowledge and experience.

Its not just "Buy low, Sell high" and it's not just by looking at charts and see a golden cross. It's more than that. Traders can easily earn $1,000 in just a few minutes but they can loose it as well or more than that in a few minutes. You can't just rely on whats out there that is free to read, you also need to spend to learn more to earn more.

[Reid]

I learned jumping at an exchange.
But being wise I did not risk a lot of money. Just a little amount to get some experience into it is really done.
Afterwards, I lose. Took that as a lesson then started getting more information about how to do it right.

I did find a lot here in this forum.
But still, everything is so clear because I jumped first.

It is not that bad to directly go to an exchange and trade but be sure it will not mess up the whole amount for your capital.

[mr_random]

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.

They simply do both and the result is not important for them if they are able to make money. The zero-sum game theory is not the case in trading but it is well explained in gambling-related threads. Expreiecneded traders also have bad days but they learn with their mistakes after cutting loses. Let the winner trades go and cut loss.

[Ms_Arc]

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win. 

[michellee]

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win. 

I think he is never learning from the mistake so he cannot make a profit. It will happen if someone doesn't want to learn anything and only depends on what he reads on the news. The news can give the information to us, but we need to search more, and that is why we need to analyze for ourselves so we can determine what is going on the market. He can fix his problem, but only if he wants to learn more about trading, and that will not easy to him as he is hard to learn to trade.

[babysweetTiger0401]

Well, as I can see to those traders who came up into crypto trading that most of them are always in a hurry to get profit,
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.

[rodel caling]

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


Mostl of them are want to get earn quick they invest wothout proper knowledge and skills to earn profits, the result is losses because of lack of knowledge and skills in trading

many of them are just looking for profits and do blind trading without gaining knowledge , they think that there is easy money in trading and lose there money easily 
[/quote]



Meaning much better to waste time to learn and study to get knowledge than to waste moeny because of greedy. But I believe learning is one of the best key to get success so leaening isn't wasting time it's important to all to get knowledge.

[stfN2128]

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win. 

It does not count how long you are in the market. It counts what do you put in, in that time to learn. Its the same thing with the type of guys who goes 3 time or more a week in the gym. if you put some effort in and work hard, you get results after a decent period of time. If you just go in to talk and do nearly nothing, you don't make any progress.
It's not a matter how long you are in, its a matter of how many time you put in to learn and train your mind. Good trading is more psychological than any other thing.

[bitgolden]

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win. 

Nobody is saying that there won be any losses in trade, even the called professional trader must at some points lose their trade, but when you constantly loose more than winning, then there is need to pause and then look deep into what could be causing the several loses. You have to check if it is lack of proper knowledge, lack of strategies and skills, and it could also be greed that is causing it.

So, if your friend save been trading for that 5 years and cannot have record of success, then they are simply just wasting their time, they need to quit trading first, and then look at those things I mentioned to see which of them is actually affecting them, then they need to really work on themselves and then probably come back to trading again after they must have fixed those things.

[Soots]

These traders are quickseller, and I guess most of them are those who dumped coins at worst. Panic seller are those who didn't want to learn how to trade safely. They're just jumping from one another coins and buy but eventually sell their assets at larger number without even holding it on several days.

[Questat]

These traders are quickseller, and I guess most of them are those who dumped coins at worst. Panic seller are those who didn't want to learn how to trade safely. They're just jumping from one another coins and buy but eventually sell their assets at larger number without even holding it on several days.

They easily get distracted when there are market changes because they have a lack of trust and always thinking negative. They easily been caught into FOMO when they hear news and to know what will exactly happen to them? they'll absolutely be losing by then.

They are not the real market traders and we don't need to be bothered with them, instead will be happy since they'll give our chance to buy their coins a low price.

[goinmerry]

Well, as I can see to those traders who came up into crypto trading that most of them are always in a hurry to get profit,
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.

People these days want easy money without understanding the facts, do's and don'ts, and everything else about trading. They need to understand that it is not just typically buying and selling.

It wouldn't hurt to read and study first because it will surely help them in the long run.

Also, knowledge is not enough. You also need to gain experience from trading and learn from it. When knowledge and experience combines, you will surely understand trading more deeply. It takes time. You need to invest your time to learn. And your learning will help you to be successful in trading.