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Author Topic: Why people run away from trading!!!  (Read 3090 times)
SacriFries11
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April 24, 2020, 05:44:47 AM
 #41

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.
Some people will not over come their losses and they will not stop unless they get back their losses. It's a nature of people to always greed for the best and to win. They need to manage their portfolio properly and set a winning end. Some traders need to control themselves and reason why people walk away trading. Patience and hard work are some important key to be successful in trading.

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April 24, 2020, 06:18:38 AM
 #42

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.
Longterm traders spend lot of time developing trading strategies and plans and there hardly not making loses but because of the trading plan they have in place they succeed. Trading is not for newbies but because we must start something as newbies that is why some of us venture into trading and therefore as newbie you should not expect profits from trading.
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April 24, 2020, 06:36:55 AM
 #43

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.

Emotion is the cruel enemy of man while trading or putting any kind of trade!

I mean literally even when its a girl, man cant put it in right way. Lolz.  Cheesy

When it comes to training person needs to research the market properly. In current scenario trader will just go to any trading site, start seeing around what people are upto and then they will start manipulating themselves accordingly.

Their adrenaline drives them crazy when they start even little red bars around the corner. They will emotionally catch the trend and will start panic selling. We all know in the long run panic selling has been counted as one of the emotional barrier for traders. However this is mostly in the newbies who has just arrived and jumped right into it without any proper "understanding" of the market.

Market is volatile and get agitated with small changes around the global news. People have been legends in day trading with big amounts on stakes but they do it because they are able to control their instincts keenly and dont allow the emotions to overcome their selling patterns.

I believe for those who are completely new, they shall start their journey of bitcoin by holding the BTC with patience and growing the value in long terms. Keep buying them when they are at the bottom rates. Thats what a new person shall do. Create your wealth (everyone wants it) step by step and then read about the trading techniques.

Since this forum itself is having many legends with unique techniques you can learn by referring many of the threads around here. Even the bot trading works if you go through trusted sources. But lets just keep it simple for the first time and make yourself equipped with all terms of trading.
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April 24, 2020, 07:06:20 AM
 #44


Some people will not over come their losses and they will not stop unless they get back their losses. It's a nature of people to always greed for the best and to win. They need to manage their portfolio properly and set a winning end. Some traders need to control themselves and reason why people walk away trading. Patience and hard work are some important key to be successful in trading.
Nope you are Wrong because what you are pointing is a gambling behavior but not in Trading because the reason why many former traders now move out this market is the always Losses they face when the more they try to recover the losing is the more they lose because this market is not for those who wants a faster income.

this is not a i time big time chance,in this market patience is the key ,remember this currencies has a volatile nature si expect things now and not coming but when you stop looking then it will come,this is crypto nature and nothing we can do unless we are whales that can make the market move at any time.









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April 24, 2020, 07:14:12 AM
 #45

People has run away from trading because they have not recovered from losses from Cryptocurrencies. In losses you always looks for quick profit then some big loss happens. People has to choose the right crypto to trade and wait sometimes for market to come up again. If you take risk always you might loose your money very quickly. That might be reason people run away from trading.

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April 24, 2020, 07:32:47 AM
 #46

Everyone will go away from trading when they don't have patience and good management, eventually they experience a big loss and the market conditions are bad. They need refreshment so they try to leave it for a moment or forever.
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April 24, 2020, 07:42:11 AM
 #47

Some of us didnt gain knowledge before we trade that is why they are not aware of the consequences if what we expected didnt happen. Unable to recover what we lost is sometimes the main reason why other traders chose to quit.

We should keep in mind that in order to gain here we need to be knowledgeable and risk taker because nothing is certain here. If you cant bear losing your money and has no patience then this might be not the right path for you to earn.

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April 24, 2020, 07:49:17 AM
 #48

Emotion and patience is the real thing to be a successful trader, and many are losing money cause they are lacking of it and sometimes they have too much of those quality. Me personally, I am constantly quitting on trading but somehow going back to it cause I think I can handle my emtion and my patience is getting better sometimes I win and sometimes I loss on trading but what's important is in every experience that I am getting I am learning something new.  Grin

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April 24, 2020, 08:00:49 AM
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 #49

To me, what actually make some potential traders or inept traders to be scare about trading sometimes can be associated to them not be able to trade "what they can afford to lose" as we have seen the cryptocurrency market as one that's highly volatile. During my time why I started trading, I used to be more scared seeing my trade running out of my prediction, sometimes, I feel that I don't have the needed experience to trade until I discovered that emotion shouldn't be attached while trade.

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April 24, 2020, 09:20:23 AM
 #50

To me, what actually make some potential traders or inept traders to be scare about trading sometimes can be associated to them not be able to trade "what they can afford to lose" as we have seen the cryptocurrency market as one that's highly volatile. During my time why I started trading, I used to be more scared seeing my trade running out of my prediction, sometimes, I feel that I don't have the needed experience to trade until I discovered that emotion shouldn't be attached while trade.
it's all just a matter of each other's readiness. some beginner traders only prepare themselves for profit. however, they did not really prepare the risk of loss that they could have received. however, "all in" is always the thing that makes them think that it will bring them to profit. Many traders run because they don't know what risks they are in.
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April 24, 2020, 10:18:14 AM
 #51

I would not say that people run away from trading; but instead i will put it as people decided to neglect trading for certain reasons best known to them.
As we know there are several factors pegged to trading crypto currency or binary or forex.

If you cannot control your emotions, trading is not for you
If you find it difficult to source information for yourself and resort to signal finding; trading is not for you.

And other factors such as fear or lack of capital.
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April 24, 2020, 11:02:17 AM
 #52

Trading is not meant for everyone. If you try trading and it’s not working for you then you have no other option than to quit while you still have the time and look for something else to do.

Seriously, I tried once to teach someone how to trade and despite everything I did, he was still not getting it. I simply advised him to look for something else to do. He’s a photographer and I helped him set up an account on Fiverr and also create gigs, and he’s been selling out working as a freelancer photographer. What he does now is to invest money in Bitcoin and just Hodl. So trading is not for everyone, but investing is for everyone.
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April 24, 2020, 12:29:45 PM
 #53

Don't have a proper trading plan also can be a reason for someone to avoid trading after the losses they met.If we don't have a goal price to sell and buy on our own then we can get easily manipulated according to the market situation so we may urge to sell or buy than holding.And expecting huge returns when they begin their trading career which maybe possible but no one can make it consistent all the days/weeks.
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April 24, 2020, 01:39:27 PM
 #54

Trading depends on the skills of the trader and not just random individuals claiming to be traders without having the zeal towards trading. Many thought of trading to be for all but categorically, I will say no, trading belongs to those who are ready to take the challenge through risk taking. During my time as a newbie, I used to see cryptocurrency trade as that which requires less skills but going deep into the trading industry makes me.realized the efforts to put before you can make good profit from trade. Trade is for those who're ready to take the needed risk to succeed. Mindset of "no risk = never attempt trade at any level".

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April 24, 2020, 02:06:51 PM
 #55

You are right trade will depend on skills and experience But escaping from trade is not the right solution  We can't learn anything if we run away This will increase the amount of damage So you have to hold on to it and try to move forward and learn better. Those who run away from trade have no knowledge of the trade  Professional traders will never run away from the trade  To avoid risk  you have to trade in harmony with everything If the amount of damage is high it is best to hold.
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April 24, 2020, 02:16:33 PM
 #56

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.

Don't also forget that they can make the biggest profit too during that market fluctuation if only they do their homework well in predicting the outcome of the market correctly due to the information and tools available to them with an additional help from the luck factor. I think we mistakes short term Investors for traders, day trading isn't that bad of a profession. In fact they're the backbone to of the community together with the miners since these traders are those who keep the market active.

They're responding for making the market an interesting opportunity ground to gain profits, without them the industry who had been dead since the market won't be actively trading like every other currency/commodity market out there.

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BitcoinTurk
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April 24, 2020, 02:23:14 PM
 #57

Generally, the most common feature of people who refrain from trading is to do these transactions without any knowledge and damage. Especially if we do research in crypto money markets, we can see that the owners of many unsuccessful trades are usually made by people who have no knowledge or experience. Of course, conscious and experienced members can also make bad decisions from time to time and do transactions that will cause harm, but since these people act deliberately, they open positions taking into account the potential loss rates. For this reason, these experienced and knowledgeable people do not escape from trading as a result of these transactions and continue to trade. In fact, the biggest reason for many new or inexperienced traders not to trade is due to insufficient knowledge and experience as I mentioned. Of course, besides these, there are other options such as not being able to control the risk, being maligned against bad psychology and damaging by panic operations.
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April 24, 2020, 02:45:02 PM
 #58

Don't have a proper trading plan also can be a reason for someone to avoid trading after the losses they met.If we don't have a goal price to sell and buy on our own then we can get easily manipulated according to the market situation so we may urge to sell or buy than holding.And expecting huge returns when they begin their trading career which maybe possible but no one can make it consistent all the days/weeks.

Many traders don't know how much profit they should take if the market can increase higher because many of them want to make more profit. But unfortunately, they don't realize that the price can change anytime. If they have a goal price to sell and buy, I am sure that they can make a profit or if they lose, their losses will not be too big because they know how to reduce the losses.

People run away because they cannot recover their losses in a short time. Many of them are using the money that they should use for their daily needs. That is why once they lose, they are confused about how they will buy their daily needs.

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April 24, 2020, 04:09:40 PM
 #59

There is also lack of belief as well, this could drive from their previous attempts at bitcoin trading and failing which could cause them to think they will never be good at bitcoin trading and that is why they do not even try it even though maybe their second try could be better, or it could be because they are so stuck at work and what they are doing that they actually convinced themselves that they will live life forever like this until their retirement and only then they will be capable of stopping, so an idea that they could maybe get away from the rat race actually sounds like a crazy scam to them, which I understand if I didn't know bitcoin and someone told me what happened in the last 5 years, I would have called it a scam as well but if you go into it you realize there is nothing like that, it is literally opposite of it.

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April 24, 2020, 04:21:33 PM
 #60

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.
Longterm traders spend lot of time developing trading strategies and plans and there hardly not making loses but because of the trading plan they have in place they succeed. Trading is not for newbies but because we must start something as newbies that is why some of us venture into trading and therefore as newbie you should not expect profits from trading.
You should not be too optimistic that long time traders don't make losses. They do, just that fewer of them will tell they make losses as many of them are good in telling people their gain or profit and unless you take out losses from profit before you will know whether you are in profit or lose.
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