trickys
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May 20, 2020, 09:23:59 PM |
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3. Lack Of Patience - this is so true. I've seen so many people who are eager to trade just for the sake of trading. So it becomes gambling and thus they lose.
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gabbie2010
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May 20, 2020, 09:45:48 PM |
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it is not easy to make money in trading but if you like to be successful with it then you should not give up.
In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.
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suzanne5223
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May 20, 2020, 10:00:57 PM |
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Crypto trading is somehow similar to gambling and in other to be profitable ones must understand the perfect time to evacuate until the time is right to continue trading. it is not easy to make money in trading but if you like to be successful with it then you should not give up.
In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy. Alot of newbies lack knowledge about crypto trading but demo trading either cant be used to judge newbies profit level when money is involved.
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milewilda
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May 20, 2020, 10:27:47 PM |
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Crypto trading is somehow similar to gambling and in other to be profitable ones must understand the perfect time to evacuate until the time is right to continue trading.
Going for that perfect time would really somewhat mixed up with luck but having some experience and do know how to read up technical aspect would have that much better chance to make profits compared to those people who do just set in into the market without any basis or analysis.Perfect time isnt possible since we do keep speculating on what is the bottom or whats the peak. 3. Lack Of Patience - this is so true. I've seen so many people who are eager to trade just for the sake of trading. So it becomes gambling and thus they lose.
We are just humans.Therefore having this kind of behavior is just normal but to sustain up for this speculative and unpredictable market then you would really need to have a good control of your emotion or else it would really be just a big problem for you into this kind of career. A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.
Having a demo is good before going to the real thing but i would say that they should really be prepared because even if they are profitable on demo trading that doesnt mean that they would go the same when the actual action do happens.
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wxxyrqa
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May 21, 2020, 04:55:07 PM |
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A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.
I believe that all traders in the cryptocurrency market are aware of the risk, because the cryptocurrency market has the same difficulties as the stock market. This is not a vegetable trade in the city market. a sane person, before starting to trade, in any case must be trained in this activity. I believe that many traders, especially beginners, cannot really evaluate their chances and opportunities. therefore, the results of their actions are setbacks and great losses.
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lillobo
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May 21, 2020, 05:57:31 PM |
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There are many trader in crypto market so they are trading in exchange in a good profit from trader is classified or flagged as a pattern day trader they attract in freeze on the account. Traders need to maintain a minimum balance of high amount on their account at all times when using a margin account. This also leads to an increase in risk on the trader's side.
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Quidat
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May 21, 2020, 11:54:21 PM |
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A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy.
I believe that all traders in the cryptocurrency market are aware of the risk, because the cryptocurrency market has the same difficulties as the stock market. This is not a vegetable trade in the city market. a sane person, before starting to trade, in any case must be trained in this activity. I believe that many traders, especially beginners, cannot really evaluate their chances and opportunities. therefore, the results of their actions are setbacks and great losses. Setbacks and losses are part of the learning process and even old traders would really experience the same. They do only differ on how to make up decisions depending into their analysis but we do start up from nothing thats why its just fine if we do commit up mistakes but be sure to enhance yourself out of it. Trading is risky and would really be like gambling if you dont know on what you are doing but somehow we do need to experience before we can grasp anything but there are people who do really easily give up and turn their backs when they experienced wreck and look for other things that would look easy to them.
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chmod755
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May 22, 2020, 01:42:11 AM |
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Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.
Trading is complicated and requires time, you can't do trade if you don't have available time to learn and sit for hours checking the patterns and price movements, for me, this is the reason why most of the people run away of it, trading is not so easy like just buying and holding a coin you need to focus to learn and use your time to get profits and I did not even mention the mental state, some people keep an eye on the market all day long and not even sleep well, need to be strong.
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bitgoldpanther1978
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May 22, 2020, 02:50:15 AM |
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Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.
To be honest, trading cryptocurrency is not as easy as it seems especially when the market is not bullish. I admit the fact that proper understanding of the market, proper risk management and patience are the fundamental basics to profitable trading however, they can take you just for far after that all you've is uptimism as the whole cryptocurrency is volatile and to certain extent unpredictable. Yes I agreed on you to that matter, trading needs time to spend with. We need to start with the basic idea about it. Perhaps, one of the tools that can give us a knowledge is watching tutorial about crypto trading in youtube, Reading in different forum such as altcointalks, cryptotalk, bitcoingraden and more something like that.
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Mikeowen
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May 22, 2020, 02:53:32 AM |
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Because of fear of loss, it is the principle of investment to stop loss in time and stop at the profit point.
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Lotus
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May 22, 2020, 02:59:27 AM |
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Trading is a risky business in general. Trading cryptos is even riskier! However, many have successfully made loads of money from trading. Some do it by relying on some good signals and market analysis (and I certainly do NOT belong to this group) while others do it by maintaining a strict discipline that minimizes their risk. On that note, if anybody is interested in practicing some advanced trading in sandbox environments, I'm working on something that may greatly reduce trading risks for the common trader. I've just posted about it, looking for testers for the second phase, here: https://bitcointalk.org/index.php?topic=5250243.0.
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Forgotten Crypt - Zero-Trust trading. Take the guesswork out of trading. http://www.ForgottenCrypt.com
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iv4n
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May 22, 2020, 05:53:20 AM |
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I didn't see anyone running away from trading, why would anyone run away, you can decide to not trade and simply stay away from that! And that is OK, trading is not for everyone, risk is not for everyone! It sounds easy, sell the top buy the bottom, but tops and bottoms rarely happen in one day, so you need patience if you wish to trade like that. Daily trading has its own pros and cons, and who doesn't know how to do it will face with more loses than profit. Anyone who wish can try to trade, it's not a big deal, anyone can do it, but not all can make a profit! Some people simply don't like to trade their assets, they invest for long run and it's how they make a profit. On other side you have people who run into trading, big wish to make easy and fast profit, many got burned by their wish! The same can be applied for gambling, there will be people who stay away and people who run into.
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miachang
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May 22, 2020, 05:55:16 AM |
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To be honest, trading cryptocurrency is not as easy as it seems. Requires lots of research and look after so many things especially when the market is not optimistic. In addition, controlling your emotions is also very chief in trading. After an unsuccessful transaction, you need to evaluate the reasons why this transaction was unprofitable. Only then can you proceed to a new order.
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BD Money365
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May 22, 2020, 09:47:02 AM |
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In my opinion Trading is an easy task for me. it requires patience and discipline. For trade daily technical analysis is necessary thing. Without technical analysis knowledge you can't be success in trading. So be a successful trader you must learn technical analysis. lots of people progress emotion and FOMO, and as soon as they carry out they passing run of the market. nearly everyone people are land and before you for a pump to reserve profit not of necessity trading that is like betting just that your stock doesn't vanish ceaselessly like gambling.
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coinfinger
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May 22, 2020, 06:28:15 PM |
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The problem of traders starts from within them, lack of patience, greed etc but why can't we just support both side? We have bear market and bull market right? If you can stay between both we will make profits from both, for example, buy bitcoin and hold, buy Usdt and hold, if bear took over then use the usdt, you will get more bitcoins
Yes, trading is not an easy thing to do, there are people who try to do trading and when it doesn't work out for them they stop trading and look for other things to do. There are lots of things to addressed and focused to sustain as a profitable trader; this is the reason only very few people are continuing and most others are quitting it after a struggle. Just like my friend that tried to be a trader, after a very long time of trying to understand trading, he couldn't get it. He tried to trade a lot of times and it wasn't really working out for him, so he decided to forget everything about trading and go for long term investment (HODL). And it has been working for him in that area, he doesn't have much area and he is also the type that has patience and can invest and wait.
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South Park
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May 22, 2020, 11:58:06 PM |
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They are giving up because lack of knowledge that's the number one things, without it we cannot succeed in trading. Then, it will followed by your tips in this thread section. As a trader, we need to be wise at all cost and We also need to become a risk-taker as well.
While without a doubt the lack of knowledge is running rampant in this market as most newbie traders believe that they can obtain profit very easily in a matter of weeks, at the same time I think we are underestimating the difficulty that trading entails, it is very easy to think that you are going to make a lot of money when you trade but even with the right knowledge it is incredibly difficult and that is simply because most people do not really have what it is necessary to become a good trader, you need a certain kind of personality because trading is very counterintuitive and you need to go against your natural tendencies if you wish to make any money in the markets.
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tbterryboy
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May 23, 2020, 05:57:36 PM |
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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).
In some cases I don't think that it has to do with lack of proper education. I think anyone that wants to learn about trading will always find articles that talks about it, they are everywhere and a search on Google will bring them all up, so that's not really a problem these days. The main problem is that some of them no matter how much they learn it, they still won't understand it. Some of them spend time learning technical analysis and after all that, they still don't get it and end up losing when they try to trade. It can be very frustrating in this case. And some of them don't have patience, and they don't know how to manage their risks. If we keenly notice that trading requires something more than just education; it might be proper experiences and utilizing it at right times. Because, most traders are good in learning process but too poor while applying it in markets and the same applicable for their experiences as well.
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Emitdama
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May 23, 2020, 08:32:50 PM |
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Not everyone finds trading easy, some people find it very difficult to deal with, that is why they run away from it. You think trading doesn't require courage? It requires the biggest courage, the courage to lose money that you earned hardly by working, so it is not that simple to just put all that money into something and lose it.
Of course if you are a good trader or an investor you might have became lucky and invested small to something that later became very big which would allow you to have a lot more to invest and you could do it. But not everyone is lucky neither, so they have to put their own money into it. Combine both of this together and you got yourself some sort of reason to panic while trading, these two are not the only reasons but the biggest I am aware of.
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Zemomtum
Full Member
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CitizenFinance.io
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May 23, 2020, 11:47:54 PM |
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Improper training will lead to the main reason why people run away from trading. And if someone gets it right, it is an experience that can lead to financial stability. Impatient and fear of missing out is also other factors
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Denamen
Sr. Member
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Chainjoes.com
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May 24, 2020, 02:48:36 AM |
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it is not easy to make money in trading but if you like to be successful with it then you should not give up.
In every business too, it is not easy to stand on it as not giving up is a key to success everywhere. Trading is a skill that should be learned and practiced upon. It isn't what someone should joke with because it involves lots of easy profit and easy losses too. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A lot of newbies in trading don't know that trading is very risky business and have to persevere while learning as well as practicing using demo or stimulator until they make profits consistently before investing in real trading while also having a mindset that trading is not a 'get rich scheme' but a trader can grow his portfolio with a good money management and a good strategy. Before choosing to trade, you should be knowledgeable and always have a guide when participating because they will choose you a lot of good advice. Trading in this market is always risky, and if you do not have a plan, you will easily lose money in this market. Of course, when you have a loss, you will automatically be smarter and know when to buy and sell to ensure profit.
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