Traders who never bother to learn how to trade

[BitcoinTurk]

Especially if you need to comment on amateur investors and amateur traders, I can easily say that these people never developed themselves and therefore lost money because of the same or different mistakes. If there is something more important than the number of transactions and successful transactions of an investor or trader, it is that the person develops himself and does not make the same mistake that he has made before in the next transaction. Unfortunately, we never mind some of the minor or minor impacts, and we continue to do the same in the same way until we make another mistake that will cause serious damage. We will become a professional trader when we realize our mistakes and strive to improve ourselves.

[1714247820]

1714247820

[1714247820]

1714247820

[1714247820]

1714247820

[Webetcoins]

Especially if you need to comment on amateur investors and amateur traders, I can easily say that these people never developed themselves and therefore lost money because of the same or different mistakes. If there is something more important than the number of transactions and successful transactions of an investor or trader, it is that the person develops himself and does not make the same mistake that he has made before in the next transaction. Unfortunately, we never mind some of the minor or minor impacts, and we continue to do the same in the same way until we make another mistake that will cause serious damage. We will become a professional trader when we realize our mistakes and strive to improve ourselves.

Those people who never analyze their mistakes or are not in habit of self evaluation, these are the ones who always lose money. In trading, there are tricks and techniques that you need to learn in order to succeed. If one trick is not working for you, analyze it and try to figure out where you are going wrong because this is the only way you would be able to learn more and avoid committing mistakes.

[Boov]

There were only 2 types of traders which are the ones who do mainly focused on TA and to those who believe with pure instinct/intuition/voodoo etc.
Lots are making money by doing active trade.Lots of them tried to do the same thing but it isnt really for everybody but it isnt really harmful to try
if we arent on the likes on waiting up for so long.

It all depends on how does the trader is using his strategy in every trade that he is doing. We need to consider their strategy, we all  start with instinct I think, when our guts is telling us that in this price we need to buy that because sooner or later it will pump again and we will have a huge money ,and we need to learn that trading is taking some risk, risk that are not always getting a high amount of money and be able to sell our coins in right places.

[Orochimarukin]

You couldn't be more spot on.  I think it's more about greed.  You see an opportunity and the first thing that comes to mind is,  hop on!  I know that was how I felt.  After taking significant losses,  I realised it pays to learn. Train yourself to win so the market doesn't train you to lose.

[Barbut]

Traders who never bother to learn how to trade will lose money constantly. Nobody can help these people, and until they realize they will have to learn if they wish to make a profit they will lose money. We need to learn all the time, you learn about basics in trading, later you learn tricks in trading, and if you continue to learn you will learn about what is best for you.

[conex]

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?

Really interesting topic and i totally agree with it. I wonder where did you get data on ''Statistically, 96% of traders lose money or give up?'' Thanks in advance!

[DimitrisLodirogas]

That's concerning. If the statement of 96% hodls water then that's really not a good thing. Traders should educate themselves properly before entering the space, volatile market, you can lose almost everything!

[Visbay]

There were only 2 types of traders which are the ones who do mainly focused on TA and to those who believe with pure instinct/intuition/voodoo etc.
Lots are making money by doing active trade.Lots of them tried to do the same thing but it isnt really for everybody but it isnt really harmful to try
if we arent on the likes on waiting up for so long.

It all depends on how does the trader is using his strategy in every trade that he is doing. We need to consider their strategy, we all  start with instinct I think, when our guts is telling us that in this price we need to buy that because sooner or later it will pump again and we will have a huge money ,and we need to learn that trading is taking some risk, risk that are not always getting a high amount of money and be able to sell our coins in right places.

Yeah, trading is dependent on risk-taking we will have to face the risk and it will give us straight earning. Trading gives confidential earning but we should be ready to get experts by taking a risk and learn to trade from New and well-known sites as well. We should gain knowledgeable information about trading as without learning trading gives loose.

[Omega Weapon]

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

This is just the way all the markets work, a newbie will begin to trade or to invest and he will immediately suffer losses because he's not completely sure about what he's doing and the whales and the experimented traders will take advantage of that fact, during those moments more than your trading skills what it is going to save you from losing everything that you have will be your money management skills and once you survive that period of time in which you are more likely to lose your money then you will begin to make progress as a trader.

[jazmuzika217]

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

[shoreno]

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity.

without knowledge how can you end up here on trading ? course we always need knowledge at all times  . knowledge also so that we will learn to identify if which coins can do better in terms of trading whether long or short term trade  but we cant forget about the luck also because all still depend on the manipulators if what move they do and we have no idea if what they are planning  .

Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

small amount of loss and then you quit  ? lol  . how much more pro trader loss big but they are still here continuing doing trading  . loss is not the reason to stop trying  .

[wildan88]

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

that's right, this is the same as my experience, traders without learning, I just use the instinct like in gambling and finally? I suffered a big loss. There is no luck in trading, here it's all about strategy.
indeed we really need knowledge in analysis, because this crypto trade is pretty much a factor not just learning about charts. sometimes there is manipulation too.

[Arkann]

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

that's right, this is the same as my experience, traders without learning, I just use the instinct like in gambling and finally? I suffered a big loss. There is no luck in trading, here it's all about strategy.
indeed we really need knowledge in analysis, because this crypto trade is pretty much a factor not just learning about charts. sometimes there is manipulation too.

I believe that the instinct for a professional trader is a very good feeling in helping his activities.  Of course, if a trader uses his instinct without experience, then his activity is fraught with bad consequences.  But if a professional trader who already has excellent experience can intuitively determine profitable transactions and further actions on the cryptocurrency market.  But if we talk about those traders who do not want to learn, then I believe that these are the cryptocurrency users who most rely on trading bots and trading signals to use other people's knowledge (and not always true) for their own benefit, while  risking losing your money and not achieving good results.

[Innocant]

Especially if you need to comment on amateur investors and amateur traders, I can easily say that these people never developed themselves and therefore lost money because of the same or different mistakes. If there is something more important than the number of transactions and successful transactions of an investor or trader, it is that the person develops himself and does not make the same mistake that he has made before in the next transaction. Unfortunately, we never mind some of the minor or minor impacts, and we continue to do the same in the same way until we make another mistake that will cause serious damage. We will become a professional trader when we realize our mistakes and strive to improve ourselves.

Those people who never analyze their mistakes or are not in habit of self evaluation, these are the ones who always lose money. In trading, there are tricks and techniques that you need to learn in order to succeed. If one trick is not working for you, analyze it and try to figure out where you are going wrong because this is the only way you would be able to learn more and avoid committing mistakes.

Maybe they want easily money so thats why they dont need more analyze or strategy in trading. And yes those are people are easily losing their money in trading if they dont have any plan for trading.That's true we need to analyze of which mistake that we make in trade so that in a future we can avoid or aware form mistake we made. Trading it was to risky for us if we enter into trading world cause of this need time and be calm ourselves.

[Not_A_Rocket_Scientist]

I was a guy trying to earn on trading without any willing to learn how to do it right
I have invested 0.4 BTC in automated trading hoping to get profit here (you can check my results on my blog)
But even in the process of managing automated algorithms, I have started to educate myself, because nothing can work without any impact on its own.

[pajak666]

I was a guy trying to earn on trading without any willing to learn how to do it right
I have invested 0.4 BTC in automated trading hoping to get profit here (you can check my results on my blog)
But even in the process of managing automated algorithms, I have started to educate myself, because nothing can work without any impact on its own.

Awesome blog man! I always love when people are willing to share their work and learning process

Aaaand yea, some people are not willing to put in the hours whatsoever, but this is just how they are. Too bad for them (good for us) this costs money in trading and they will go broke sooner or later and go for another get rick quick scheme or try to cheat their way

[Subbir]

Someone is upset about it, then is possible for them to learn trading because it requires a lot of credit if they are secure. no one has a need then he can trade and lose all his wealth then he will be responsible for that. In my opinion first you need to know how trading is a few months back then you should start Then he will suffer less loss.

[tambok]

I was a guy trying to earn on trading without any willing to learn how to do it right
I have invested 0.4 BTC in automated trading hoping to get profit here (you can check my results on my blog)
But even in the process of managing automated algorithms, I have started to educate myself, because nothing can work without any impact on its own.

Awesome blog man! I always love when people are willing to share their work and learning process

Aaaand yea, some people are not willing to put in the hours whatsoever, but this is just how they are. Too bad for them (good for us) this costs money in trading and they will go broke sooner or later and go for another get rick quick scheme or try to cheat their way

We are truly grateful that there are still some people here in the forum who are willing to help newbies for free , who are willing to share knowledge and wanted really to help people in trading.

So, for traders who doesn't want to learn trading, let them do it, because once they lose their money for a couple of trade, then for sure they will realize that trading is not simple as selecting ABC, they need hard work and continues learning regarding it.

[LouVandetta]

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

I mean like, a traders who doesn't have any knowledge about trading and just jumped in to the market is almost like a suicide.
They risk their money based on luck, well, some might have luck behind them but it's not always the case, right?

Don't you ever wonder how much losses from expert traders had gone through? And they're still doing it until now. Look how successful they are.
Losses in trading is inevitable, no matter how amazing your prediction skills, just take them as another experiences. As long as you don't put all in your assets, you'll be good.

[Magkirap]

Traders who never bother to learn how to trade will lose money constantly. Nobody can help these people, and until they realize they will have to learn if they wish to make a profit they will lose money. We need to learn all the time, you learn about basics in trading, later you learn tricks in trading, and if you continue to learn you will learn about what is best for you.

Yes that is why knowledge is power, specially here in the crypto world even though you do not have good amount of money to invest in cryptocurrencies but you have a good foundation of knowledge about the trading, you will surely succeed in your trades and being a good trader also requires good set of attitude that can help you go through the market trends without your attitude making you hard to decide what to do.