Ignorance in trading

[hugeblack]

In addition to weak educational concepts, there are some reasons that make many the most important of them think about buying low and selling high and not preparing a long-term plan, not accepting defeat, fear of losing capital and greed when prices rise.
You must be more greedy when the price goes down and vice versa, but all these emotions must be followed by wisdom and knowledge.

[1715690429]

1715690429

[1715690429]

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[1715690429]

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[Negotiation]

There will be a loss in doing business In that case do not be disappointed We must always think positively and avoid greed Greed always leads to loss Those who are more greedy are the ones who suffer the most. In business ignorance must be eradicated and only ignorant people can achieve success They try to learn better first because they are ignorant and then trade The real losers are the real traders who invest in all kinds of currencies as they come to make more profit.

[DevilSlayer]

In addition to weak educational concepts, there are some reasons that make many the most important of them think about buying low and selling high and not preparing a long-term plan, not accepting defeat, fear of losing capital and greed when prices rise.
You must be more greedy when the price goes down and vice versa, but all these emotions must be followed by wisdom and knowledge.

Some of traders are not even financial literate and that is why they cannot handle the high risks when they make investment in trading. Focusing to improve our financial literacy can help us to become a trader, it takes a proper education to have right information that we can use to make money in trading.
Most of traders are afraid to make mistakes and they do not consider that mistakes are part of the process so they are always playing safe that makes them a trader that doesn't have any form of improvement because they are afraid to make a mistakes that makes them a bad trader.

[mersal]

Normally in Trading those who know do not speak, and those who speak do not know. This is extremely useful because it shows you all the things you need to avoid before reaching success. Any layman who looks at a graph concludes that trading has to be considerably easy, and that is part of the attraction. At the end of the day, anyone can look at a graph and clearly see entry and exit points. However, it is much harder to do it in real time. There is a tendency to want to buy at the lowest and never leave the trade even if it drops further. If that happens, a rookie will continue the trade with the hope that it will rise again, it is just an example of how the lack of education and discipline plunges most market operators.

Trading with 100% profit or success rate is not possible for anyone so what you actually do is to minimize the risks while entering into trade orders.Don't say that people who trade for lower price then their entry as rookie, they wanted to reduce the risk of losing everything so stop los come into action.

[Ridwan Fauzi]

When I was new trader I only use a strategy supply and demand to make a decision, most of my trader only choose trading spot.

Through supply and demand we will see the market go, we just need to look how many people who put buy and sell their amount because it will give a chance to the market.

Indeed, seeing a graph/candle is hard to do. Until now, I'm still learning how it work and matching it with some strategy like fib and MA. I think supply and demand strategy is the best way for some newbies and for those who just have an ignorance strategy.

[Kasabus]

Normally in Trading those who know do not speak, and those who speak do not know. This is extremely useful because it shows you all the things you need to avoid before reaching success. Any layman who looks at a graph concludes that trading has to be considerably easy, and that is part of the attraction. At the end of the day, anyone can look at a graph and clearly see entry and exit points. However, it is much harder to do it in real time. There is a tendency to want to buy at the lowest and never leave the trade even if it drops further. If that happens, a rookie will continue the trade with the hope that it will rise again, it is just an example of how the lack of education and discipline plunges most market operators.

Trading with 100% profit or success rate is not possible for anyone so what you actually do is to minimize the risks while entering into trade orders.Don't say that people who trade for lower price then their entry as rookie, they wanted to reduce the risk of losing everything so stop los come into action.

Traders who are aware how to handle risk management are usually those who lasts long in trading but for those new in trading who only trade thinking it can guarantee huge amount of profits will only live short term in trading and then vanished. Ignorance in trading has always its negative effects on the part of the trader.

[el kaka22]

Those who know speak as well, this is a whole forum of people that knows what is right and what is wrong unfortunately what is right does not really stay the same which means people who know can be wrong sometimes as well.

So, we can't really expect everyone to be right at all times and just because they are wrong we can't call them they don't know neither, which means there are people out there who are wrong because they barely know anything about this space at all, yet there are also people who are usually right and knows things but wrong this time around, which is why we are having hard time finding who to listen to, because they don't knows and the knows all mix together at all times and make it hard for us to realize which one is which one of them.

[tvplus006]

Normally in Trading those who know do not speak, and those who speak do not know. This is extremely useful because it shows you all the things you need to avoid before reaching success. Any layman who looks at a graph concludes that trading has to be considerably easy, and that is part of the attraction. At the end of the day, anyone can look at a graph and clearly see entry and exit points. However, it is much harder to do it in real time. There is a tendency to want to buy at the lowest and never leave the trade even if it drops further. If that happens, a rookie will continue the trade with the hope that it will rise again, it is just an example of how the lack of education and discipline plunges most market operators.

Trading with 100% profit or success rate is not possible for anyone so what you actually do is to minimize the risks while entering into trade orders.Don't say that people who trade for lower price then their entry as rookie, they wanted to reduce the risk of losing everything so stop los come into action.

Even the best trader never makes mistakes, so all trades cannot be closed with profit. But there are many who, after receiving a loss on a transaction, again receive a loss in the next transaction. It's like when we lose in a casino, we rush to play again to recoup the loss. So, both in the casino and in the crypt, you need to avoid such mistakes.