Reasons why they get it all wrong when trading.

[Helpme_please]

I also believe this, Not everyone could be a trader. I mean a trader who does what experienced traders do to make a successful trade. Anyone could be a trader but if they lose a lot it's hard justifying it. Everything could be learned and trading is one of them but there are things on trading that can be really hard to learn like the psychology of trading.
[/quote]in simple word, everyone could trade but not all of them could be good trader. Be a trader was not easy way for us, we will face bloody journey when we decided to involved in this job. Our money will lose, our mental will pressed and its happen continuesly untill we have good skill. Some people will give us and decided to quit from market , but another  one will success and get financial freedom.

[Distinctin]

There is a perfect time for trading and that when we are already prepared for the things needed. Knowledge, strategies, enough capital, and also your mindset. If we don't have any of them, you can simply think that trading will not be meant for you then.

Well, some say just try. Okay, let us try and find ourselves to get lost. That is really easy that trading is not difficult, you can just do buy at low and sell at high, of course, they are right, but it never works if we don't have knowledge about the market and TA's.

[danherbias07]

When a traders begin to get afraid of losses then they're doing it all wrong and if things aren't address in time it would result in that same losses they were afraid of in the first place.

It's like a sickness. It happens mostly to those who made their profits for the first time and then losses midway.
I won't say it didn't happen to me before and up until now. Who loves losing? We all want a win-win scenario but that is not how trading is.
IMO, it's a learning point too. It occurs for a reason and it's a stepping stone for us to grow emotionally and use it in the long run.
Embracing the losing experience is the difficult part, learning that it's part of trading is the worst. This is the turning point where we decide if we are still trading or we are already gambling.

[Hippocrypto]

On my experiences as a trader, one reason I would like to share was greed. The more you expect from the current market hype, is somewhat will make you fall into wrong decision. Most often times I failed too much and losses a lot opportunity because of wrong mindset.
That's why it happened, I had no other options but to wait for another price outbreak in order to survive and take back my profit.

[yhiaali3]

Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.

[taufik123]

-snip-

For some beginners, they don't really think about trading knowledge, they just use the words of their friends or other people, so they go bankrupt and claim that trading in crypto is very bad and a scam. Even though they have not learned the basic knowledge of trading.

I also didn't know what to do at first when trading crypto. Basic knowledge of technical analysis and fundamentals is the main benchmark for reading where the market will go. Mistakes in trading are common, but they must be corrected immediately.

[horrifiedx1]

Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.

right, trading is like hunting in the forest, if we just walk, we will never find our way home, in contrast to us if we are facilitated with maps and compasses, then we will know where we have to go. there are many things to master in trading and forever we will study the market, because no one knows where the market will go

[traderethereum]

-snip-

For some beginners, they don't really think about trading knowledge, they just use the words of their friends or other people, so they go bankrupt and claim that trading in crypto is very bad and a scam. Even though they have not learned the basic knowledge of trading.

I also didn't know what to do at first when trading crypto. Basic knowledge of technical analysis and fundamentals is the main benchmark for reading where the market will go. Mistakes in trading are common, but they must be corrected immediately.

If you have those basic and you are really after in learning more about this business, it's tough at first but along the way you'll
gonna use doing it and start enjoying everything.

You just need to allocate time in seeking the right patterns to follow and try to keep enhancing things from time to time. It's all
on you no one to be blame.

The important thing is that he needs to learn about trading and realize that they can not always make a profit daily as the market will have a different movement every day.
When he can learn the analysis and can determine when he can trade and quit trading, that is a matter of time he will make a profit.
Having discipline also helps him follow every step of the trading lesson and not be afraid if he gets losses and considers that part of the lesson becoming a pro trader.
If he can pass his daily lesson and try to trade, sooner or later, he will become a pro trader, even without he realizes that he already achieve that.

[Kelvinid]

Many people think that trading is just buying at a low price and selling at a higher price, in theory this is true but in reality trading is like a hunting trip in a forest full of risks, if you are not aware enough of the risks that forests contain and do not have experience in dealing with such Risks may lose your life, but if you have sufficient knowledge and experience, you will return with a large catch.
Trading is the same. If you do not have enough knowledge and experience to deal with all the possibilities that you may face in the market, you will eventually end up in bankruptcy, but when you develop your knowledge and experience before you start trading and have good personal qualities, you will surely achieve some important successes.

right, trading is like hunting in the forest, if we just walk, we will never find our way home, in contrast to us if we are facilitated with maps and compasses, then we will know where we have to go. there are many things to master in trading and forever we will study the market, because no one knows where the market will go

Learning how to trade had no shortcuts. And we need to spend more time to make ourselves grow and enhance our market knowledge. That is how it pictured out and we don't need to rush otherwise, you end up shortly suffering losses and frustration.

A lot of people had done that way and they just fail. Now that they realize they are wrong but it was too late. However, losing on our first try is not the end of our trading journey, there is 2nd and 3rd chance or until you find yourselves incapable of doing this.

[semobo]

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.

You are the only one responsible for everything you decide so it becomes mandatory to be more responsible with every decision you make and one thing I want to mention is avoid day trading which is profitable which I am not denying that but being profitable while doing day trading is highly not possible so always g with long term trading which will give better margin for your risk taking.

[CryptopreneurBrainboss]

Reasons why they get it all wrong when trading.

The simple reason has to be the need to make quick profits as possible. Influencers all over the web make it seems like it's very easy trading for a living as they post false trading results meanwhile most of them aren't even traders. They parade themselves as professional traders while they live off the stupidity of their followers believing them as they either buy any of their courses or giving them funds for them to trade.

If anyone interested in trading takes it upon themselves to learn before they actually start engaging themselves in the act of trading then all you have highlighted won't be an issue. Constant practice will help you master your trading strategy, emotions like greed etc.

[leea-1334]

Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.

I have come to see it the same way. Especially in the early days of DEX, I think you could trade there much more safely than nowadays, where so many scammers and entire scam teams/tokens are out and about, just waiting to rip you off:

Right? Those early DEXs that people claimed were more centralized than today's DEXes were still good. Slow and super low liquidity but you did not get ripped off as much.

Today you have smooth DEX like Uni or Pancake, so beautiful, so easy to use, but then you look at the percentage of scam tokens. Broken whitepapers and utterly trash communities who say nothing but share memes in channels.

When you see all this you feel like regulated CEX is safer for your money.

[xSkylarx]

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.

You are the only one responsible for everything you decide so it becomes mandatory to be more responsible with every decision you make and one thing I want to mention is avoid day trading which is profitable which I am not denying that but being profitable while doing day trading is highly not possible so always g with long term trading which will give better margin for your risk taking.

Emotion is the biggest opponent in trading because it can impact your decision making and prevent you from focusing on your strategy; overcoming it would be beneficial. The other is to set a goal, such as gaining a certain amount. What I learned from my past trading experience is to create a target profit and a stop loss, both of which are quite beneficial. If you are greedy, you will see your account burn and you will lose a lot of money. Though they usually claim that emotion drives us to make decisions that we should not, we must learn to control our emotions.

[Smartvirus]

The number one reason behind every trader picking interest in trading is to make profit, if you aren't making profit then it'll preferably to stop trading and try understanding why you aren't making profit but when a supposed trader refused to stop to reexamine themselves but continue in losses with the hopes of things turning around automatically, they get it all wrong.

Your right. It's a normal to be wrong but then, when you get it wrong and you've noted it to be a reoccurring thing and it's causing you money, what do you do?
It's to pause and re-examine the process. Ask yourself questions as to why your not getting it right and you might just track your mistake.

As a trader you should be okay with making some losses as there's more lessons in losses than profit, a profitable traders can get so full of themselves that if they're not cautious, they could make a very serious mistake that could end their trading career. When a traders begin to get afraid of losses then they're doing it all wrong and if things aren't address in time it would result in that same losses they were afraid of in the first place.

Most persons are not okay with loosing at all, they feel its all rossy in investments or trading you know. Loosing seems abnormal but then, its a part of business. Its when you loose that someone else's gains and vice versa. So, as a trader or investor, you've got to be okay with loses and most of all, you learn from them. Its All that matters.

[Cryptoababe]

Even as profit trading is the key to every traders success, two side trading is also part of the factors needed to be a successful trader.
Some traders only do one side trading and this is why most of them end up in loss

[Issa56]

Most traders what always kill them is greedy sometimes in trading you have to take a little profit and move or wait for dump before buying again but if you think you want a coin to do 2x,3x,4x before selling which is bad seriously is really good you aim high and sometimes is just better you sell with the little profit you are having and wait for retrace to avoid losing your money completely.

[CaVO32]

Most traders what always kill them is greedy sometimes in trading you have to take a little profit and move or wait for dump before buying again but if you think you want a coin to do 2x,3x,4x before selling which is bad seriously is really good you aim high and sometimes is just better you sell with the little profit you are having and wait for retrace to avoid losing your money completely.

I think a lot of us are guilty with that kind of thinking at one point in our trading. That's human nature, we want to earn more as much as we can. But as we traverse this trading life, we learn more and we realize that chasing those high profits is not always worth to take. Because a lot of these projects turned out to be crap, you can't even get your initial investments back. It is better to keep valuable projects with active use case in the market. But for those pump and dump coins, better get rid of them while you can.

[Johnyz]

Most traders what always kill them is greedy sometimes in trading you have to take a little profit and move or wait for dump before buying again but if you think you want a coin to do 2x,3x,4x before selling which is bad seriously is really good you aim high and sometimes is just better you sell with the little profit you are having and wait for retrace to avoid losing your money completely.

I think a lot of us are guilty with that kind of thinking at one point in our trading. That's human nature, we want to earn more as much as we can. But as we traverse this trading life, we learn more and we realize that chasing those high profits is not always worth to take. Because a lot of these projects turned out to be crap, you can't even get your initial investments back. It is better to keep valuable projects with active use case in the market. But for those pump and dump coins, better get rid of them while you can.

Mistakes in trading is normal and honestly, its hard to control your emotion at first but with your experience in trading, you can also adopt and know how to control such emotions, being greedy should depend on the situation. As a trader, we have to setup our own standards and discipline, we can’t copy anyone’s strategy because that might not work to us. Trading is very risky, many are losing because of their own behavior.

[sheenshane]

The number one reason behind every trader picking interest in trading is to make profit, if you aren't making profit then it'll preferably to stop trading and try understanding why you aren't making profit but when a supposed trader refused to stop to reexamine themselves but continue in losses with the hopes of things turning around automatically, they get it all wrong.

There's something wrong that you need to figure out because trading isn't all about making a profit, there are sometimes you also have experience losses.  But I think if you aren't getting a profit and decided to stop isn't a good idea for me, you have been there and learn from those mistakes that you had.  Quitting is not a solution instead, encourage and motivate yourself to learn more on technical and even in fundamental analysis which gives you more chances and potential of making a profit.

Bear in mind always that trading isn't an easy way of making a profit, learn your mistake and don't let it that will happen again, losses are normal in trading most especially if you're a beginner.  It requires a lot of work, study, and research.

[taufik123]

-snip-
If he can pass his daily lesson and try to trade, sooner or later, he will become a pro trader, even without he realizes that he already achieve that.

Continue to practice how well to do the analysis every day. Try trading with various indicators and learn each indicator's function. it will make trading skills more developed. To become a pro trader is not just a matter of time, but how much you intend to keep learning and improving your skills. Professional traders are not just technical or fundamental science but psychology will be very influential in making decisions.