Why did 95% of traders fail and lose money?

[jane mario]

Here are 6 of my reasons, what about your thoughts

1.80% of day traders give up within the first two years;

2.Among day traders, only nearly 40% of the day's trading was within a month only;

3.Within three years, only 13% continued trading. After 5 years, only 7% were left;

4.The average individual investor is 1.5% less than the market index;

5.Active traders' performance drops by 6.5% annually;

6.Traders with up to 10 years of experience continue to trade.

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[Tylev]

Yes, very interesting statistics. If you believe her, then the life of a trader is not so profitable as previously thought. Firstly, here you need good knowledge of the cryptocurrency market, and many immediately rush to make a profit. Secondly, this market turned out to be very unpredictable and therefore it is very difficult to make money on it. Only a few succeed.

[Kakmakr]

It takes up a lot of your time and effort to day trade and it is definitely not for beginners. I think the stress gets to a lot of these traders in the long run and it is not enjoyable and fun anymore. Alt coin trading is a pure gamble, because a lot of these tokens or coins are based on speculation and it has no use case.

It will do well in the beginning and then it will just fade away over time. You are just lucky if you invested in a coin with some short-term gains. 

[Tipstar]

For me, I decide too soon. Patience is the key to success. The best way is to not to sell your coin (in case of top coins) for a loss. USD is a great tool if you are trying to make good profit. Sell on Spike and buy more when down. Don't panic if the market seem to be going differently than you want.

[Kambal2000]

Day trading does not guarantee that they will earn everyday, even experts in trading is also losing some money, but what's good thing about crypto trading is that they can maximize their money and trade in different coins so if one token is not good, the other coins might be good so it is compensating the loss.

[Ferris419]

A day trade is not everyone's job. Only expert day traders can afford it, otherwise, this is not for newbies. A newbie may earn a good profit for day one or two, but day by day they start understanding how hard it is to maintain everything in trade. If you want to make profits from trading then you need to active in online, you have to follow every news on crypto, which is not possible for everyone, that's why people fail here!

[maydna]

It is no need to wait for the first two years for traders who will give up with trading, but they will stop trading in the first month if they cannot make any profit. Trading will be difficult for people who don't want to learn some basics of trading, but they will have a chance to get the profit for the first time they trade. Day trading will be more difficult because you need to search the potential coin to buy and sell, and the coin should have a good movement at the market. So why did 95 of traders fails is because they cannot learn more about trading, they follow other people suggestion without analyzing by themselves, they cannot manage how much money they should use for trading.

[Slow death]

Here are 6 of my reasons, what about your thoughts

I will talk about my experience, day trade is profitable, but it is profitable if the person has a lot of capital and knowledge ( I believe that the person do not need be an expert ), with basic knowledge will make money in this market... however, if there is something that I learned on my journey that the person should never be greedy and when makes a profit or a loss, the person should not trade again that day, what the person should do is relax somewhere else and trade again the next day, to avoid trade with emotions.

[MURONDI]

because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

[Eugenar]

because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

Most of the time, the key to a good trade is to follow the profit, how could we do this? Basically, who we need to follow is the market itself, we should identify whales that buys and sells big amount, in this case, it is the factor that determines the market is the amount sold by these whales, and in the basic idea of fishes swimming beside the whales, we should understand this concept for us to somehow be safe from being trapped in the market.

[xvids]

Here are 6 of my reasons, what about your thoughts

1.80% of day traders give up within the first two years;

2.Among day traders, only nearly 40% of the day's trading was within a month only;

3.Within three years, only 13% continued trading. After 5 years, only 7% were left;

4.The average individual investor is 1.5% less than the market index;

5.Active traders' performance drops by 6.5% annually;

6.Traders with up to 10 years of experience continue to trade.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

They are leaving because they couldn't continue to trade .
Those traders quit because they are losing their money instead of making profit.
Day trading is really hard specially for those who are new in trading they need experience and a good knowledge in order to succed.

[Baby Dragon]

because trading is difficult, many beginner traders are tempted by fantastic profits without wanting to understand the actual market situation, it takes years to understand market behavior, need to study analysis and mental psychology, I myself have been in the trade for many years but still often loses.

Indeed, its also speculative no doubt why many of us keeps on losing because we haven't change our mindset when it comes to trading. Some of you thinks that its an easy job where you can easily get profit which isn't, it true that it needs a lot of hard work. You have to understand every single thing to make sure that you will not end up regretting but you have to remind yourself that sometimes a mistake isn't bad it makes you smarter and wiser particularly on making the right decision for yourself . Having some knowledge is a powerful thing when it comes to trading and investing because there will be a time that you will have to face a struggles and if you have enough understanding then you can handle these things.

[error08]

Where this number 95% come from? 95% is one of the biggest myths spread around the trading market, no one knows the truth for certain.
There are many people get profits in trading but of course not as many people have failed in trading, sometimes you win and sometimes you lose.
Trading cryptocurrencies and trading bitcoin are differrent, as altcoins lose their value rapidly, bitcoin prices always increase over time.
I mean this
So, if you have patience and believe in bitcoin, you'll never lose. Even for people who have bought bitcoin at $20K at the end of 2017 could still gain profits if they hold and wait for bitcoin to reach a higher price. It's another case in daily trading, a higher risk than monthly trading, but many people don't have the patience to wait for a longer period.

[cutesgirl]

Here are 6 of my reasons, what about your thoughts

1.80% of day traders give up within the first two years;

2.Among day traders, only nearly 40% of the day's trading was within a month only;

3.Within three years, only 13% continued trading. After 5 years, only 7% were left;

4.The average individual investor is 1.5% less than the market index;

5.Active traders' performance drops by 6.5% annually;

6.Traders with up to 10 years of experience continue to trade.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

Many trader only focus with the other recommendation without recheck by their self which one potential and best altcoin to invest or trade, they always want to heard other asking for trading with some altcoin. You can heard any one else for trading but after you got news or recommendation which one altcoin have to buy you keep check by your self to know is potential altcoin to buy or not before you make trade there.

[AGroose]

It’s all about emotions. Many do not comply with the rules of risk management and do not set the stop losses. Someone considers it a lottery and is thrilled. But trading is a job, and one of the hardest - on your character and feelings.

[Kyraishi]

1.80% of day traders give up within the first two years;

How does this contribute to a trader losing money? I actually thing this is good, if you've lost a lot of money in the first 2 years and you are stressed out, you might as well cut your losses then fall into a deeper trap/

2.Among day traders, only nearly 40% of the day's trading was within a month only;

What does this mean? Not sure I quite understand you here.

3.Within three years, only 13% continued trading. After 5 years, only 7% were left
4.The average individual investor is 1.5% less than the market index;
5.Active traders' performance drops by 6.5% annually

Once again, refer to my commment about point 1.

6.Traders with up to 10 years of experience continue to trade.

Of course - they have the experience, a lot of the people who come into crypto as newbies don't understand the markets or how things work and end up getting burned, this happens to traditional investors as well since they don't realise the market is super fast.

If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it.

Was this entire post just to advertise your site...  

[Astvile]

My thoughts on traders losing money and failing in trading business are just simple, they don't love what they are doing and they don't do some research they just trade trade trade without proper information on hand. Weak hands traders, traders getting carried by greed and many more factors. Discipline is the trait most fail traders doesn't have.

Here are 6 of my reasons, what about your thoughts

Having this thread placed on the right board would really help instead of placing this on bitcoin discussion move it to trading discussion and many trade minded people will benefit from this.

[AniviaBtc]

It is no need to wait for the first two years for traders who will give up with trading, but they will stop trading in the first month if they cannot make any profit. Trading will be difficult for people who don't want to learn some basics of trading, but they will have a chance to get the profit for the first time they trade. Day trading will be more difficult because you need to search the potential coin to buy and sell, and the coin should have a good movement at the market. So why did 95 of traders fails is because they cannot learn more about trading, they follow other people suggestion without analyzing by themselves, they cannot manage how much money they should use for trading.

I agree that trading is always difficult, there is no easy transactions. To overcome this problems, you need to have a lot of experience for you to become used to it or adapt it. Learn first the basics of trading and improve your good decision making on when is the right time to buy and sell a coin. You should become more complex when it comes to market strategies. Proper management can help you to have a high profit and successful trading.

[kryptqnick]

It takes up a lot of your time and effort to day trade and it is definitely not for beginners. I think the stress gets to a lot of these traders in the long run and it is not enjoyable and fun anymore. Alt coin trading is a pure gamble, because a lot of these tokens or coins are based on speculation and it has no use case.

It will do well in the beginning and then it will just fade away over time. You are just lucky if you invested in a coin with some short-term gains. 

To begin with, the 95% thing is very popular, but it's not clear whether it's backed up by strong research indicating that it is indeed the case. Surely, there are many people who lose money in this area, but is it really 95%? Moreover, it seems that this number is related to those who trade on Forex or something similar. Cryptocurrencies are not a part of it, and I bet trading them is very different. I agree, though, that trading altcoins is probably very difficult, especially nowadays. Although I doubt that lots of other things people trade actually have their use cases... Trading is very similar to gambling in skill-based games. It's still unclear whether it's more about luck (or, in other words, a successful person belonging to those who have a very low probability of existing but still exist, because there're lots of people altogether) or becoming a professional.

[ballexplorer]

I also believe that daily trading is not for beginners.

There are too many professional traders who drive and manipulate the courses (dump or pump) to tap the stop-loss of the amateurs.
This method is available in stock trading and falls on fertile ground in Krypto Space.