Why people run away from trading!!!

[Shallow]

Everything starts with the right knowledge and without it the person will only end up making more mistakes, thus I stand with your first point. Most people thinks that trading is something they can jump into without passing through the right processes thus ends up making mistakes which of course costs them their funds. Also, to add to your list, greed is another thing to look out for, most people want to get all it in one trade and ends up getting trapped. Emotion is another which must be put on check.

[CaVO32]

1. Lack Of Proper Trading Education

2. No Risk Management

3. Lack Of Patience

4. Having that mindset that trading is an easy money generator.
5. They set up goals basing on others positive outcomes
6. Emotion

Lots of experience or things that you should face on first before for you to able to learn.
It will vary on each person because not all would have the same effort on learning things up.

If I may add also, sometimes when a trader experienced a huge loss, he will think that's the end of his trading career. Especially if the money that he used is not his but others who trusted him to make good in crypto trading. I have seen several threads created by those kind of individuals that quit crypto trading after suffering huge loss.

In trading, you should be prepared to all possible circumstances that you will encounter especially in crypto, as the movement is very fast. So you should use money that you know for yourself that you are ready to accept whatever the results may be.

[CHENIEN]

generally, a lot of characteristics of the corresponding business in the world that have experienced failure due to lack of proper trading education and mostly, they are just hoping for luck and lazy to intervene in the real function of business like holding and proper endorsement system. but during this economic crisis due to Covid-19 we can't do some business to access except to entering some online job by using digital currency payment.

[flyer88]

Everything starts with the right knowledge and without it the person will only end up making more mistakes, thus I stand with your first point. Most people thinks that trading is something they can jump into without passing through the right processes thus ends up making mistakes which of course costs them their funds. Also, to add to your list, greed is another thing to look out for, most people want to get all it in one trade and ends up getting trapped. Emotion is another which must be put on check.

The right knowledge and can control emotions are two things that are very important in the world of trading. Actually there are still many traders who do trading at this time, especially during this Covid-19 outbreak where many people are working at home, so they try to learn trading.

[Farma]

impatience, and overly high expectations, get many people out of a trade. well, maybe it would be very easy to see successful people with it, even almost all ordinary people think that it's easy. but, when they entered into it, things were not as they thought, and of course, that was a very difficult thing. however, there have been many cases like that for the same reason.

[maydna]

~snip~

That's exactly what I heard that had happened way back in 2017 where the price of BTC had reached an ATH of around $20000 and there are a couple of months prior to that just to sell their BTC even a portion of it and I remember my friend's regret when he just hold all of his BTC and came the price crashing down. Still hoping that it would rise and the price crash is temporary, he continues to hold and that's another mistake because it continue to crash for months and he never get his profit back. That is so sad because I knew that deep inside there is this rational thinking but with emotions and greed, a person would neglect the rationality of the situation.

I just started trading and so far so good. Been reading and learning a lot. Emotions can quiet be a challenge for you but you just need to look at the data that is in front of you and act accordingly unless you want to lose your money which is a simple mindset but effective.

Sometimes, when people see about the profit that they already made from previous trade, they still want to make more profit by still holding for more. They don't sell the coin but still hold because they expect that the price will increase for the next minute, but the reality is not the same as what they think. And the next minute, the price drops without they can predict.

Emotions will take part in trading, so we need to manage the feeling and say it is enough for us to sell at that price. If we only follow the emotion, we will become greedy, which can lead us to get losses because we cannot sell at the right time. That makes many traders feel sad so far because they chase and hope that they can make a big profit in one-time trade.

That is good for you, but you still need to manage your emotions so you can still calm down even in the hardest situation that happens in the market.

[cytpoway121]

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
 
2. No Risk Management
 
3. Lack Of Patience
 

People run away from trading because it is not childs play; any lapse in decision means you are rekted.
Most times; its not due to lack of education or lack of patience; most times it is due to greed amidst traders.

No matter how good a trader you are, always understand the market before you delve into the trade.

[sheenshane]

There's no formal training nor education for people to become professional traders. Experience, articles, all kinds of analysis, and testimonies may be a good help to learn how trading goes. Some people get into tradings only because they were advised that they will become rich once they started to invest in this business but they didn't try to read not do some researches on how they will profit in trading. They will trade in cryptocurrency without knowing where and what they are up to.

Probably after experiencing massive lost they will afraid to invest again and trade.

[jhonjhon]

It probably because they don't understand how trading life could be. They are just a loser and quitters because they never look for a second chance but rather to disclose it and runoff. These people aren't destined to become a trader nor they found themselves comfortable with doing this.
But anyway, that's their choice and we should never have to convince them to turn back because their mindset is far away from understanding.

[Yamifoud]

There's no formal training nor education for people to become professional traders. Experience, articles, all kinds of analysis, and testimonies may be a good help to learn how trading goes. Some people get into tradings only because they were advised that they will become rich once they started to invest in this business but they didn't try to read not do some researches on how they will profit in trading. They will trade in cryptocurrency without knowing where and what they are up to.

Probably after experiencing massive lost they will afraid to invest again and trade.

But it was great and people would appreciate most about trading if they'll go into training. They are more advance than those who didn't and also they are guided in a certain scenario. That is why some people who have knowledge about trading have tried to share something with the rest who wants to learn for them also, to be more aware of what they do and the possible result. Of course, it was then more experience that will help to fully understand how trading makes a change and they couldn't easily think about quitting or being on the negative mindset.

[Kasabus]

It probably because they don't understand how trading life could be. They are just a loser and quitters because they never look for a second chance but rather to disclose it and runoff. These people aren't destined to become a trader nor they found themselves comfortable with doing this.
But anyway, that's their choice and we should never have to convince them to turn back because their mindset is far away from understanding.

Once they've decided to quit there's no need to convince them but if destiny calls them they are the one who will freely going back to this venue of business, trading is not for everyone since there's always a risk of losing your money.
If you are not good in dealing with the risk then its better to move away and find other business that suits you.

I believe trading is not really for everyone as we have different strategies in trading wherein some  of them works while others failed. And those who lose their patience in trading will never be good traders in the making. Trading is something that should be learned and mastered in a long span of time so for those who only want quick profits in trading will never be professional traders.

[plvbob0070]

1. Lack Of Proper Trading Education

3. Lack Of Patience.

Lack of knowledge with regards to trading will always end up losing too much money and it's riskier than you think. Trading is not easy to learn, and it takes a lot of time to fully understand how it works. And what's wrong with other people? They often skip the basic things that should be learned. We should always invest first in the knowledge and allot more time on learning so when you start your trading journey, you will know how to minimize the risk and loss. Prioritize the knowledge first before the profit that you want in a trading and being greedy will not totally help to earn good profits.

Then, we are all aware that in trading you need to have long patience because it's not easy money that when you put your money you will instantly earn a profit. Be patient all time cause the right time will come and it will give you good profits.

[coinfinger]

Unlike most people do think, trading is not that easier one to adopt for earning a life out of it. You must dedicate everything for it including yourself. Yes, there are 1000s of things, you to concentrate and when you miss at least one then you may need to face losses regardless of your experience nor capital levels. So, most people quit their effort of perusing a career with trading in the middle itself.

Other than the 3 reasons mentioned on OP, I guess that lack of capital must be another reason, why most people run away from trading. You must have consistent inflow of capital so that you may recover your loss by not repeating the same mistake. To learn and to gain experience, you smut need some minimum capital always but unfortunately people lose capital and then lose their confident then quit it.

[thesmallgod]

people run away from trading because of many reasons. Firstly, trading involves a lot of patients and it is time-consuming you need to create time for it if you want to trade. Secondly, people are shy away from trading because of fear of losing money and the inability to control their emotion when it happens. many still believe there is no difference between trading and gambling. Thirdly, many are interested but they do not know where to start from. They do not know how to study chart and makes predictions

[Bagaji]

You have made some good reason for which I do believe is part of the reason why people do run away from trading but in addition to the point you mentioned above I will like that many of those type of people lack money management which I believe is very key if you must be a good trader.

[shollyen]

people run away from trading because of many reasons. Firstly, trading involves a lot of patients and it is time-consuming you need to create time for it if you want to trade. Secondly, people are shy away from trading because of fear of losing money and the inability to control their emotion when it happens. many still believe there is no difference between trading and gambling. Thirdly, many are interested but they do not know where to start from. They do not know how to study chart and makes predictions

Those who find it hard to start, can not get any step further in trading no matter hos you push them.
Although, for a beginner, trading sometimes can be very hard, most especially when you are seeing loses, instead of gaining. it is better to have someone that will be able to guide you on how to go about it. Even when you are missing it, have someone to ask you step further.
Peradventure you have no one to guide you, you can simply get materials online to guide you and practise with whatever amount you can afford to lose.

[adzino]

These are not the only reason. They mainly join the trading world hoping that they will get rich real quick. They have seen videos and people claiming that they have made a lot of money from trading. They assume that they made the money overnight. Thus, with the hope of getting rich, they join the market. Once they fail in making any profit after few attempts, they just lose their hope and never return back to trading.
They should start thinking about losses too when trading, not just profit.

[seleme]

The biggest reason why the newbie trader can't make money is simple: They think doing something is better than doing nothing, sitting tight over your hands is the hardest part for making money with trading. Long term traders know how valuable to wait patiently for the right time, day traders can get lost during the large market fluctuations.

[princerepon]

Trading is a good platform for earn money but if you don't have proper idea how it works then you would see the other side of mirror. The world is suffering with deadly virus and the whole world economy is fall down. In that situation it's really difficult to think with trade or something. Many people scared to trade in this pandemic situation. The point you gave are also cause of reducing trader. But good time always approach after a bad time, it's a nature. So we hope good crypto trading day will be come after this pandemic situation.

[hulla]

The biggest reason why the newbie trader can't make money is simple: They think doing something is better than doing nothing, sitting tight over your hands is the hardest part for making money with trading. Long term traders know how valuable to wait patiently for the right time, day traders can get lost during the large market fluctuations.

As you said that sitting tight over ones hand doing nothing and i supported it as some characteristics which make people run away from trading but i think what make newbies most run away from trading is losses because making profit from business  always inspire the traders and also make trader thirsty for more.