Why people run away from trading!!!

[Assface16678]

I agree with the three points mentioned in the opening post, especially point number 3, namely lack of patience. Most traders do not
have patience, buy or sell coins too fast. Remember in trading the key to success is patience. I'm actually surprised with people who
run away from trading. Though trading is the best way to make money in the crypto world.

There are a lot of people today wants to play into the world of trading and some of them have already funds to make investment and predict the market price of the coins but most of them do not have the capability to winning their trades most of them lose their money because just having a random guess what are the next movement. Some of the beginners in trading think it looks easy but true truth is not because it takes time to study well about the market movement some of the people paid some tutorials to gain resources to make sure they won't lose their amounts of money. Most of the players today do not have too much patience when they make an investment in trading they bought a lot of coins and because of being long term they withdraw their funds immediately and causing of losing their money, patience is a virtue you just need to take a long time before you get your sure income waiting does not matter because it's all about your earnings from the coming days and months.

[Kunnu]

The major problem is fearful mentality which almost a new and little bit experienced trader put in their mind before start trading which decreases confidence and increases panic and finally the results ends up with loss and the other side expert traders trade with fearless mentality because they trade with better understanding and effective strategies which is an important part of trading, basically understanding about the basics of trading must be first priority for traders it may be helpful to do profitable trades so there won't be reasons to leave.

[bitgolden]

There is also this discouraging situation where we never know what crypto currencies will do. That is not really a nice thing to realize and either you become a long term investor or you keep trading knowing the risk full on well or you basically give up. Someone comes up to you and tell you that bitcoin could do anything at any time, all altcoins could do anything at anytime and you are convince, bitcoin could go up but down, you want to buy but as soon as you buy it could very well drop 20% right away, there is that possibility for real.

So, as you can see there is really not much you can do to keep these people in check, they are going to leave trading because they are too scared of what it could do, they have seen it go wildly and they do not want to be a part of it.

[XCANA]

The major reason people ran away from trading is lack of trading education, adding to that they also have this mindset that is a sharp sharp money, as in other words the money will come in within a blink of an eye. Not knowing that trading really needs time and lots of patience.

You just nailed this, I still remember what made me to ran away from trading when I was a beginner in the world of cryptocurrency. At first, I made some silly mistakes which caused me almost $200 because I wasn't a good trader. I thought that, it was as easy as what others said but later found that, it need more skills to make profits than to just trade as a newborn. I regretted my actions then, after the odds, I started doing some online classes in trading and was also following some good traders on social medias which made me grab skills quickly as possible.

[pixie85]

Most people should not be trading. They don't have the knowledge, skill or fortitude to do it and they never, ever will. I have no idea why it's touted as the first thing people should dive into. I guess the people encouraging that are the real traders who'll take all their money off them.

Also, trading on manipulated markets is extremely difficult.

You could really have some good trades on Bitcoin before Wall Street came in with futures.

Back then people were only blaming whale holders for messing up their trades. Now they have to worry about fake pumps that come from USDt, people who dump futures to buy Bitcoin and Buy Bitcoin to dump futures and exchanges playing the market make the most out of overleveraged traders.

[ScamViruS]

Crypto traders who want to make quick profits and win all trades, they are in danger most of the time. Many people misunderstand crypto trading as easy. And some influncers misunderstand them. You can add this point too, never trust any influencers. I know how these influencers lead traders to big losses. What I have seen is that crypto traders have less patience, which increases the amount of their losses. Losses are less likely to occur if the market is reviewed and proper risk management is followed.

But new traders do not follow these issues and as a result they cannot stay in the market for long. Because they are badly influenced by different influencers.

[EdenHazard]

Running away from trading is now happening constantly. Fear of losing money can be a important fact behind this. Specially beginner may not have proper knowledge about trading. So beginner can fall into scammer's trap. Except these there are also some reasons to run away from trading.

These kinds of people are not meant to be in trading anyway. They'll never grow old in trading if they have such attitude and market understanding. They should have been thinking of it before they tried...just like going into the battle without knowing how to fire a rifle. They might be thinking that trading is just an easy job, easy money, quick returns...

Then that was good that they run away in trading coz if they will push themselves in here, a lot of things can be wasted from them just like money, efforts, and time without having good in returns.

Mostly they are trading with 99% taste of gambling.

That's the sad fact , the other reasons even call trading as a dangerous work as you might would face the same pattern of charts in your monitor over and over again which could trigger the depression mode.

[rexxarofmoknathal]

If people don't have a trading background, patience or risk management skills, then they shouldn't be trading to begin with.

Anybody who manages to successfully run away from trading due to lacking these skills has done a good job, since they have saved themselves from getting completely destroyed when they mismanage their way to bankruptcy.

Whoever is reading this and thinking about trading.... Do your damn research first.... And no, that means far more than watching a few youtube videos on how to make money with bitcoin.

Spend a few months using demo trading tools before you begin risking your own money, and dear God stay away from leveraged trading if you're a noob.

[peter0425]

All mentioned in OP is correct because this market is very risky and if you are just jumping here for easy money then exit now before it is become too late .

there are so many from the past specially after the Bullrun of 2017 when people encouraged to invest because of the recent pump but what happened?after 2 years they remain losers.

[Kelvinid]

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe)  but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

[Quidat]

I agree with the three points mentioned in the opening post, especially point number 3, namely lack of patience. Most traders do not
have patience, buy or sell coins too fast. Remember in trading the key to success is patience. I'm actually surprised with people who
run away from trading. Though trading is the best way to make money in the crypto world.

Yes those who are not having such patience to wait for the right time to get profit from trading will not be able to get profit. Crypto is volatile and we simply have to wait for the right time for selling as well as for purchasing. People make mistake and suffer from lose so then they hate trading in their entire life so better be patient and let things normal if once market is on dump. Be afraid of lose and selling at panic is full of lose.

Patience is good but when it already come to that sort where it is already too much then that one would really be a reason for you
to missed out profits specially if you do keep on waiting for the right spot or entry.Its really easy to say but actually hard to be done
when you are already on the actual situation.When you do tend to survive or make yourself sustainable on this market then
better to learn up everything from trading style to emotion handling etc.

[Dr.Osh]

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe)  but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

you are right. I suspect that when they trade, they just try it, or they think it's a shortcut to get rich. however, when the waves in the market do not match their thinking, they will stop. I have met many people doing that. however, until now, there are still quite a lot of traders who survive. it's because they know the risks they can accept.

[DevilSlayer]

They are avoiding because of the lack of knowledge and experiences, I observed that many traders are just trading without proper risk management and proper planning that makes them dumb especially when they are executing their trades. The market is so volatile so we should expect that there is a high chance of losing but we can lessen it if we will improve our proper risk management that can help us to handle different situations.

[Slow death]

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.

did you come to that conclusion based on the things you read on the forum? no offense, how many people in the forum trade and how long do these people in the forum trade? and you need to have an answer to these two questions to have a good conclusion

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
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have a proper risk management regardless of your analysis of the market. I personally enter a position with 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.

thousands of people are giving this advice, but do not show the results of the trade they do. let's put it simply:

1- do you trade?

2- if you trade, then I ask: how long have you been trading?

3- if you trade, what is your daily, weekly and monthly profit?

4- if you trade, what was your biggest mistake?

5- if you trade, show proof of your result

Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.

the thing is very simple:

if you show your good concrete results then people will listen to your advice

[philipma1957]

Most people should not be trading. They don't have the knowledge, skill or fortitude to do it and they never, ever will. I have no idea why it's touted as the first thing people should dive into. I guess the people encouraging that are the real traders who'll take all their money off them.

I will go more deeply into this fact. Only a few will turn a true profit.

Next cryptocoins

are down from about 800 billion in 2017 to 140 billion in 2020.


The Dow Jones is up quite a bit from 2017 to 2020.

Separate trading zones can help manage risk.

Realizing that handicapping markets is an artful science and not particularly  exact.

Realize that a true whale 🐳 can toy with a crypto coin far more easily then Apple stock. The wealth is not that big.

If every chart says up for a coin. A whale can deliberately fuck with the coin especially a smaller one.

I don’t trade much since I don’t have the edge I have mining ⛏ [cheap power].

[KnightElite]

They haven't know anything about trading and it makes no sense of having them in this field. If they'll go today it doesn't mean that they'll go forever but I was thinking that they will back soon with full of hopes and knowledge. It was just a moment to leave for a reason and leaving isn't about quitting ( maybe)  but it also a way to find and think more which/where supposedly we belong. For we know that not all become a teacher nor to become a warrior but also we need to find the weakest part of our life.

you are right. I suspect that when they trade, they just try it, or they think it's a shortcut to get rich. however, when the waves in the market do not match their thinking, they will stop. I have met many people doing that. however, until now, there are still quite a lot of traders who survive. it's because they know the risks they can accept.

They are not aware that there is no shortcut to be rich, hard work and working smart can help us to achieve financial freedom. Like in trading, we cannot become a successful trader if we are not doing something. It is important to know that trading is a process where we should learn many information and also gain many experience that we can use in the future. Those people who are surviving in trading are the people who have good risk and management and they are the one who are continuing to learn.

[wozzek23]

To be sincere, trading is not easy work for people to do. Some people spend time in learning everything about trading, but still end up losing their money when they try to trade. Maybe they are not good enough and did not take their studies serious or maybe the market is really not predictable.

I have seen a lot of people that I believe they are experts try to predict the price of Bitcoin and other cryptocurrencies only to end up not getting it accurate. So, it is not an easy stuff for anyone to easy. When you try to trade and you realize that it is not working out for you, there are still so many other things that you can do to keep yourself busy and make money through the cryptocurrency market.

[Pipjaeger]

Hey guys, if you want to learn trading you can join my Free Telegram Group i share Charts and give some education




Here is my last BTC update :
https://www.tradingview.com/x/1xwx38b8/


Dont run aways from trading, you need the right education, maybe i can help some of you .

Regards


________________________
Join my Telegram Group if you want its for Free i share my Charts and Analysis:

t.me/tradingjournalcrypto

[/size][/size][/size][/b]

[wxxyrqa]

I believe that first of all, a person who does not have experience and only tried to study trading in the cryptocurrency market can leave cryptocurrency trading, but making sure that this is not his purpose, while experiencing constant setbacks, a person will leave trading without looking back.  I am just learning to trade and only use up to $ 100 as capital for trading to practice a little.  But I still have no confidence that I can use a large starting capital.  I'm still in front.  But if an experienced trader leaves the market, it can only be due to severe and incorrigible problems.

[PaySpace]

• People often follow already existed strategies of well-known traders, or listen to the crowd.
• Lack of any personal strategies.
• No understanding of crypto trading at all.
• Paying too much.