mvdheuvel1983 (OP)
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November 28, 2023, 09:02:07 PM |
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A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are - starting a YouTube channel and making money of a) affiliate program b) YouTube ads
- Having a paid course. - Trading signals - Selling trading merch - impressions - and others.
The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
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Oshosondy
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November 28, 2023, 09:17:52 PM |
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Read this: https://tradeciety.com/24-statistics-why-most-traders-lose-money?hs_amp=trueOur research suggests that about 70 to 90% of traders lose money. It is, of course, impossible to get an exact number, but as a rule of thumb, we believe 70-90% is close to the “correct” ballpark figure. Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail. Based on several brokers' studies, as many as 90% of traders are estimated to lose money in the markets. This can be an even higher failure rate if you look at day traders, forex traders, or options traders. I can agree to that, most traders are losing. Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.
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JeromeTash
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November 28, 2023, 09:46:06 PM |
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Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.
Everything in a life involving investing money in it for future profits is then a gamble because you don't know how things will turn out tomorrow. The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
If I am so good a trading and making a lot of money out of it. I don't see why I would go to YouTube looking for views and people to register using my referral links ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Whenever I see YouTubers asking subscribers to use their referral links, that is where I stop the video
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Johnyz
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November 28, 2023, 09:53:42 PM |
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Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.
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gunhell16
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November 28, 2023, 10:09:11 PM |
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If the majority of traders are losing money, it indicates that the trading approach used in this era is flawed. Aside from that, most of them are still appearing to know something, but the truth is that they know very little and that knowledge in this area isn't yet that deep, right?
But I believe that many individuals profit from trading; it's not a large profit, since in my experience, I earn from trading, but it's only a small amount every day. Let's assume it's between $5 and $10 or more for the entire day, and it also depends on the market scenario.
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dothebeats
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November 28, 2023, 10:11:31 PM |
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I have also noticed this trends. If traders are profitable in what they're doing, why are they allotting a huge amount of time composing a course for trading if they can just use that same time to go 100% on trading instead? That means they are not that profitable, and they have to do other things in order to make money. If I were them and I'm getting a lot of money in trading alone, I'd probably lay off the rest of my time to relaxation or expand my trading ventures even further.
Rich people do not share their secrets to other people that's why they are rich. They don't want to disturb their income stream because that's how they make bread. If a lot of people suddenly goes to their spot and compete for the same resources because they pointed out where the source is, that rich people will eventually notice that it thins out their yield and will probably have to move somewhere else - if that source is really profitable to begin with.
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boyptc
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November 28, 2023, 10:26:27 PM |
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You just exposed them. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But it's true that most of these traders are not really profitable, they're making through other source especially on social media. Ask them to join some trading contests and they won't obliged to join one because they will not show any interest in doing so. That's the reason why they want you to just listen to their contents and that's it. No live trades but there are some few that does it and are real traders yet, it's still a different thing to be called a profitable trader.
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jeraldskie11
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November 28, 2023, 10:31:53 PM |
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Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.
Honestly, it's very possible to convince someone even you are not profitable in trading. It's because not all of our trades are lose trades. I have seen a trader who have a YouTube channel and made a breakdown of their winning trades but suddenly he disappear because he doesn't posted new content in his channel. It convince a lot of people because he is good at making content and he accumulate many followers in just a month. However, profit from making is not enough to cover your loses in trading, maybe it's one of the reason that he is not making content anymore.
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Assface16678
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November 28, 2023, 11:02:46 PM |
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True!!! So very true, many traders especially those who market themselves in social media showing luxury life claiming that they did it because of solely trading but in reality most of them are just attracting people to join in their group, that's one of their scheme, showing how luxurious they are then attracting potential customer to avail their courses or seminars, at first they will say that the seminar is free but eventually will offer you something like subscription, because mostly the free seminar are all about them flexing their so called achievements and all about the services that they offer but about trading there are little knowledge that they share, but we can't blame because its their way of living, but yeah not all we see in social media about successful people with luxurious life are not all true its part of their marketing, some true successful and true traders are lowkey because trading is not easy like what those social media traders imply.
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poodle63
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November 28, 2023, 11:55:33 PM |
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its always very small amount of people could gain success same thing with trader, not to mention when you think about those whales that god insiders info and also big capital you would instantly think that they've got the advantage. we all know that those so called trader influencers are just trying to make money off advertisement and that juicy commission fee therefore many people that don't recommend to follow those influencer's every financial advice because they themselves most frequently profitting off the commission from referal fee. I've seen many that started career in trading also many that don't make it and those that fail make up majority number of traders.
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peter0425
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November 29, 2023, 01:44:59 AM |
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A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are - starting a YouTube channel and making money of a) affiliate program b) YouTube ads
- Having a paid course. - Trading signals - Selling trading merch - impressions - and others.
The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
Like what have been reading from long time and also my stand , that trading is not for everyone and that is the reason why many of those who called themselves a trader has their Youtube channels or yeah other affiliation program to generate them income to at least cover their losses from trading. there are many of my friends that is still in trading but yeah it maybe have profit but not as high as how we can make our family eat best food in the table. so if you wanna trade then better to have other side of profiteering because if not then you may not last that long in crypto market .
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lombok
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November 29, 2023, 05:09:37 AM |
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I also know this fact, and from several observations of traders who have a signal group, VIP, courses and so on. When I read your thread to the end I became increasingly convinced that this was very likely to happen according to the facts. I suspected this when the owner of the signal group experienced large losses when the market experienced a reversal followed by its members sometimes experiencing liquid/margin calls. Of course, what makes them survive is because these traders still have a lot of funds saved from the withdrawals of their members' funds. Besides that, if they open a copy trade, the results they get will also be bigger and clearer than the trade they made.
I tend to see that a true pro trader will focus on their trading.
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Strongkored
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November 29, 2023, 05:29:24 AM |
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I agree that actually there are many traders who lose money than those who can still be profitable, but in my opinion, the percentage is not that high but indeed there are more people who lose than they make a profit, that's why more experts recommend investing than trading because it's difficult to always make profit in the short term and trading is not always suitable for everyone, even though knowledge about trading is deep enough, it is not a guarantee of success, especially in crypto which is always full of surprises where the market can change very quickly.
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barisbilgili
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November 29, 2023, 05:59:54 AM |
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Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.
If we want to make money through trading then we have to really master it well and be able to analyze the market well so that we don't make a mistake in deciding to choose the right type of coin to buy in order to make a profit from trading. Of course, the thing that really doesn't make sense is if those who create trading channels and they experience losses in the trading they do, it is important for us before trading to be able to understand it well in order to reduce the risk of losses that we will incur.
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pooya87
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November 29, 2023, 06:22:56 AM |
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You are correct, however I wouldn't refer to the Youtubers as "traders" because it is obvious that what they are doing is not making money from trades. They are making money from their followers as you've already observed.
When it comes to actual traders, even the novice ones, their trades are a lot more profitable than just 5%. Simply because if it were any other way they would have left trading a long time ago as they'd ran out of money to trade with.
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Fuso.hp
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November 29, 2023, 07:02:09 AM |
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If you say 95% of traders lose trading then I will tell you that your calculations must be wrong because if 95% of traders were losing trading then people would never have traded so much. Profits and losses are a part of business and before trading you need to accept that your business can have profits as well as losses. Now if I am doing business and if that business is making loss regularly then after some time we will not do that business anymore because no one wants to do business with loss. Traders definitely make losses in their trading, but it is temporary, if you can be patient for a while, then I think a trader can recover that loss and see the face of profit again. The loss is temporary, but if you can hold on, the chances of profit are high.
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Pandu Geddon
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November 29, 2023, 07:32:06 AM |
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- Having a paid course. - Trading signals - Selling trading merch - impressions - and others.
Those who have built channels for teaching trading and even selling merchandise to make a profit, of course, their target is not the trading they share. This kind of group even has the potential to collaborate with several shitcoin projects to increase the popularity of new projects. I don't know how accurate the signal being shared is. because if the signal is inaccurate enough, I'm sure their current followers will also decrease. For novice traders, what they hope for is profit from the signals provided. and it becomes very instantaneous for beginners who are much less confident in their own analysis.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Yamane_Keto
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 29, 2023, 07:40:48 AM |
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Defining success does not mean that you are not looking for another way to make an income. Does working in my job alongside signature campaigns alongside additional work mean that my job is a failure or that signature campaigns are useless? of course not. You can say that trading does not bring in enough cash as a full-time job, but these people may not consider trading as a job, but rather as a long-term investment or a way to retire early. creating videos on YouTube does not only achieve a financial return, but rather opens more doors, as fame and relationships give money more than ads.
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自信は成功です
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Baki202
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November 29, 2023, 07:48:18 AM |
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Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.
most people want to do what others are doing and forget that everyone has a different destiny I know is always good not to give up but forget that if trading does not favor and the person is still interested in Bitcoin you can just hold instead of give to much attention to what does not favor you since all are still part of investment in bitcoin but some people if they trade and it is not favoring them they will keep trading and to me it is a waste of money. and trading is not about buying and selling alone you should not what you doing know what to do and what not to do. I don't know how to do analysis but getting it from channels if it helps then it is good because it is always good to learn from others.
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tjtonmoy
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November 29, 2023, 08:34:20 AM |
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Trading is not for everyone mate. In trading, profits and losses are both a part of it. It depends on your ability to make it work out. Always remember that your loss is someone else's profit and their loss is your profit. Given the fact that the crypto market is quite uncertain, we can never predict the future 100% accurately and thus, we may lose it all.
I can read a book and make its writing as a content script for a YouTube video. Nothing is stopping me from doing that. All I need is the view, not the experience in trading. You can share knowledge without having any actual experience. This is why many are losing in trading. They have gained the knowledge but not the experience. And they follow those other traders rather than doing it on their own. And those so-called social influencer traders have found other ways to earn money as you mentioned. That's why they never focus on improving themselves. Thus, their followers stay the same.
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