Most Traders are Not Profitable

[Antotena]

even following other people's better trades doesn't necessarily make them profitable. in the short term, it might be profitable. but in the long term, I think there will still be more losses.
those who share techniques or even trading signals will not continue to profit. they also experience losses and I don't think any trader can escape from that. what makes it possible is a smart trader who minimizes his losses.

You just made me remember one coin a popular influencer from west Africa launched last month, it was a meme coin name $DAVIDO and unfortunately, the guy rugged and sell half of his bag and withdraw out about $400k with few tokens left, the token is now worthless and they seems to have even abandoned it. A coin that started with hype because of the celebrity influence, this is why you should never trust anyone.

There was this particular trader that bought the coin and obviously, he bought at the top thinking the coin was coin to do well despite that the launcher rugged them. He was shilling and advising his followers to buy, giving all sort of charts just so he could sell too but the did was done. After some days, he came online and was abusing the celebrity and advising his followers to sell at loss, this is after he has sold and the coin has dump another 33%. This is why it's not good to follow some traders recommendations.

[milewilda]

Some influencers promote various crypto projects on their YouTube channels. I know they do it for money. We should not always follow them. Because maybe in real life they themselves are not successful in trading.

The number of traders who have earned good profit by trading is really very less. I agree with the OP on this. Because there is no such trader among my acquaintances.

Having many subscribers of their own, he knows that they will follow his videos be it logical or illogical does not matter. You can never get ahead in life by imitation and you will never succeed in trading if you do that. Yes few people are successful in trading. Those who have patience, knowledge, accurate analysis, succeed. if your level of perfection increases, you will start trading regularly and become successful. Anyone can teach you the basics but if you want to succeed you have to use your intelligence.

even following other people's better trades doesn't necessarily make them profitable. in the short term, it might be profitable. but in the long term, I think there will still be more losses.
those who share techniques or even trading signals will not continue to profit. they also experience losses and I don't think any trader can escape from that. what makes it possible is a smart trader who minimizes his losses.

For those who are really that lazy enough on learning trading on their own, then most likely they would really be following those traders who do offer following trades or subscriptions because they are really that lazy on learning trading and this is why they do really end up with this kind of option.For those people who do have that serious approach towards trading then they wouldnt really be that going into this path but rather they would really be going into their own path and would really be learning trades on their own. It isnt really that bad to follow someone but it would really be that a good initiative that you should really make your own self study too at the moment that you would really be following someone on trading and with this, at the moment that they would be gone, then you could really be able to make yourself that survive since you do already know on how to trade.

Trading doesnt really give out that kind of assurance when it comes on making profits but you wont really be able to know until you would be able to test it out.
It would really be always best that you should really be that testing out if there would really be opportunities on earning or making money.
You wont be able to gain money if you wont take risks.

[Gaza13]

Those who are successful in trading earn a huge amount of income, so they do not need to create a YouTube channel.  And those who share different strategies or signals on YouTube channel in exchange of money. they are basically not professional traders. Because they do this to increase subscribers to a YouTube channel and a class of traders share signals for extra income. for this, it is better to analyze and trade by yourself, even if you lose for a long time, you can become an expert and then you will get a chance to earn huge amount. and at that time you will be successful in trading.  Success is not an easy thing. to achieve this you have to put in a lot of effort and spend both time and money.

Usually people who are successful as traders will not share their knowledge for free on social media, of course they will open members or classes on the channel they created, at least they will get income from their members after their long struggle to learn to become a trader. Indeed, it is best if we learn autodidactically if we are successful, of course the results we obtain will be very satisfying. They need to sacrifice a lot of time and money to become an expert trader.

[GigaBit]

It is true that not everyone can get profit from trading. Most traders lose but there are many reasons for this. People who can't analyze or don't have a good idea about trading can't succeed in trading. Most of the traders today only trade but fail to take proper decisions by analyzing their judgments and their ignorance is to blame. Another eternal truth is that 100 people can never succeed in trading if 100 people trade. Some will gain from the trade and some will lose. When a person decides to start trading he must start trading with a good idea about trading. But traders can fail despite knowing everything well. Different types of signals are exchanged by means of various channels which are difficult for ordinary traders. Moreover, whales always try to keep the market under their control, they try to manipulate the market in various ways. Due to various reasons, most of the time the common traders are losing in trading.

[Wildwest]

Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.

[avarnet]

What usually happens is that not all traders are professionals in the field of trading, only some of the large number can be profitable in trading. So from here we can learn that becoming a professional trader is not easy, you still have to sacrifice money while learning to trade until you become a professional and can make a profit every time you trade.

[cute nmp]

Cause most are into trading to get rich quick they don't care have the knowledge of trading before diving into it .Trading takes a lot of time for one to become a professional .one need to learn a lot ,Practice well and advisedly start with a small account before moving to a larger one .This is one of the most simplest way to become a professional and profitable trader.

[Bushdark]

Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.

There so many truths that are not being told to many people that has been aspiring to become a trader.
There are so many traders that have been making consistent losses in the market but they are not ready to tell the world or there fans that they just make loses. We need to be wise and tlkearn how to trade thoroughly so we don't end up losing money anyhow after we might have made huge profits from the market. We need learn and not rush to make money immediately.

[Natsuu]

Cause most are into trading to get rich quick they don't care have the knowledge of trading before diving into it .Trading takes a lot of time for one to become a professional .one need to learn a lot ,Practice well and advisedly start with a small account before moving to a larger one .This is one of the most simplest way to become a professional and profitable trader.

Even not  small account. A demo account would be enough. But most are not willing to submit to the process. Because why would you go to screen to play with paper money and learn price action first right? Why do that when they can just simply put a random trade, pray over it to win. Most grow into that unbeknownst to that what they are doing is gambling is not trading. In trading there must be a repeatable system in play.

[Jewan420]

As trading is very risky many lose most of their wealth from it while many build wealth from it. But the number of people losing wealth is much greater than the number of people creating wealth. But the 95% you mention is much higher, not even that much.

I have noticed that most traders after learning to trade become more focused on YouTube, selling courses and selling trading merchandise than actually trading. They never say it, but it is understood that they did not succeed in trading. They lost more assets than they gained.

Again there are many people who after learning trading don't want to engage in risky activities like trading. Then they became known as traders through various activities including selling courses.

Again there are many traders who have gained more wealth than they have lost from trading. They don't need to do other things. They earn their living from trading.

[Roggeredek]

It seems to me that trading is the reason for most losses. People start with the hope of making extra profits from trading by learning to trade. This is where people make the mistake of over-expecting when they want to make a quick profit. Then he sat down against the distance.

[X-ray]

Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.

its just how it is only very few people out of the many are going to make profit, same with business, after all the decision is on your hand whether to invest in a great coin or a bad coin, though both of them doesn't necessarily guarantee profit, its all just speculation at the end of the day the one that got keen prediction about whats going on gonna be the winner at the end of the day, it reminds me of movie the big short, the people that got sharp intuition that something might happen or find some anomaly gonna be making most of the profit since they are the one that become the early birds.
people who shorted when there's crash definitely has some instinct telling them that the market might crash so they're profitable and I don't think such thing can be happening to most of people at best its only very few outlier therefore the statistic that most of trader isn't making money and its true otherwise where those rich trader money coming from.

but to be fair, giving up isn't always something bad sometime some people just not really that good at something and giving up while focusing on other thing may be good for them nobody knows right.
in my opinion the people that profits so much are those kind of people that got bloomberg terminal in their hand in other word, consuming the information and news earlier than anyone else so they got a good head start.
other than that are the firm believers of the investment in other word those people that holds long term, trader in the other hand is full of speculation you never know whats gonna happen but its a good way to make money fast.

[RockBell]

Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.

It is a well-known fact that not all of us can profit from trading, and this is sometimes not because of the nature of bitcoin, but because we have failed to learn well. We know how we want to profit, and everything about trading should be taken one step at a time. We know that sometimes you get excited, but if you allow your over-excitement to take over, you will make many mistakes because your feelings may lead you to believe you know everything. How to read candles have to be a priority because you need to understand the nature in which the market is going. Everything is about how well you understand the process because you will know what to do in every single time. Everything about trading is dependent on knowledge you have so if you want to make profits. It will depend on how well you have learned because you tell me that you have good knowledge and you have not make any profits then it will be better to quite.

[AnonBitCoiner]

It seems to me that trading is the reason for most losses. People start with the hope of making extra profits from trading by learning to trade. This is where people make the mistake of over-expecting when they want to make a quick profit. Then he sat down against the distance.

Trading will not be a reason of loss if traders first make a sense about trading and then participate but most of the individuals first enter into the trading and then think that with the passage of time they will learn everything so after entering they face such a large number of loss that they stop to do trading as they have no more money to continue trading.

If an individual uses their mind instead of their greed so they will not quickly enter into the trading and will first learn about trading so there will be less chance of loss.

[Ndabagi01]

It seems to me that trading is the reason for most losses. People start with the hope of making extra profits from trading by learning to trade. This is where people make the mistake of over-expecting when they want to make a quick profit. Then he sat down against the distance.

The truth about it is just like the OP have explained and for many brokers to give the statistics of users that lose money in trading above 90%, that means more people that are traders are always on a losing streak. I use to wonder how traders that are profitable earn their money when they can do without engaging in other things to fetch them money, like they already good at it, who would they now want to do courses, make people pay for signals when they can get all that money in a single trade?

Over expectation also have killed many dreams of this traders, most especially the newbies that are carried away by the results profitable traders post on their pages. It is paramount to know that, trading can be profitable but it takes years of learning and reading the market to get there. If you’re not ready for that, stop wasting your money on people to give you signals and what have you, rather use that time to learn and become your own boss.

[Sakanwa]

This topic is somehow to me because it's not everyone that will know how to trade.If you are not learning consistently from the mistakes you have made,you are bound to make further mistakes which means you will continue to lose more of your money in the process of trading, because you have neglected the most important things you are supposed to know which is research.Everybodg who wants to make profit in trading must be a good researcher,he must know about the project,the coin,and the best time to trade.When these are taken into considerations,couple with what you've learnt from experienced people,then you can succeed in trading,else you will continue losing and remain unprofitable.

[theferry109]

I can say this with confidence that most successful traders are private. They trade mainly for themselves and if they offer you coaching lessons it won't even make a difference to them as they are already making money.

[MissNonFall9]

This topic is somehow to me because it's not everyone that will know how to trade.If you are not learning consistently from the mistakes you have made,you are bound to make further mistakes which means you will continue to lose more of your money in the process of trading, because you have neglected the most important things you are supposed to know which is research.Everybodg who wants to make profit in trading must be a good researcher,he must know about the project,the coin,and the best time to trade.When these are taken into considerations,couple with what you've learnt from experienced people,then you can succeed in trading,else you will continue losing and remain unprofitable.

To be profitable in business or to be successful in trading gaining experience is very important having adequate knowledge about timing and taking the right action at the right time is very important. But those who are new traders also have the right to trade. But what they need or what they need to gain experience is to trade manually under the supervision of an experienced mentor or to do all the things themselves in taking the right steps in the business. Thus slowly day by day a person can successfully gain experience in trading.

[Lanatsa]

This topic is somehow to me because it's not everyone that will know how to trade.If you are not learning consistently from the mistakes you have made,you are bound to make further mistakes which means you will continue to lose more of your money in the process of trading, because you have neglected the most important things you are supposed to know which is research.Everybodg who wants to make profit in trading must be a good researcher,he must know about the project,the coin,and the best time to trade.When these are taken into considerations,couple with what you've learnt from experienced people,then you can succeed in trading,else you will continue losing and remain unprofitable.

To be profitable in business or to be successful in trading gaining experience is very important having adequate knowledge about timing and taking the right action at the right time is very important. But those who are new traders also have the right to trade. But what they need or what they need to gain experience is to trade manually under the supervision of an experienced mentor or to do all the things themselves in taking the right steps in the business. Thus slowly day by day a person can successfully gain experience in trading.

Anything possible methods that you could apply then you should really be doing it and this is something a normal approach that you would really be needing up to consider on doing so because if you wont really be that wise on making up such move then you wont really be seeing any progress and this is something that we must avoid. Speaking about profitability towards trading then this is something that cant be known because outcomes or results will really be that always vary on how well you do make yourself on making up trades. Dont let your mind being having those kind of thinking that traders arent profitable because it would really be just that disrupt you on the things that you are really that dealing with. Yes, not all would really be that successful but doesnt mean that you wont really be tending to test and do your best into it.

The important thing on here is that you do really know on what you are doing and  this is something that you should bare up in mind. Dont let yourself that being in a rush when dealing up with trading
because once that desperation kicks in then it would really be that hard to stop midway and you would be making up bad decisions or choices just because you are really that making
yourself that too impatient on which we know that this is something that not recommended on doing so.

[Dewi Aries]

It seems to me that trading is the reason for most losses. People start with the hope of making extra profits from trading by learning to trade. This is where people make the mistake of over-expecting when they want to make a quick profit. Then he sat down against the distance.

Trading will not be a reason of loss if traders first make a sense about trading and then participate but most of the individuals first enter into the trading and then think that with the passage of time they will learn everything so after entering they face such a large number of loss that they stop to do trading as they have no more money to continue trading.

If an individual uses their mind instead of their greed so they will not quickly enter into the trading and will first learn about trading so there will be less chance of loss.

In fact everything will remain fine, or will remain balanced or will remain according to plan if from the beginning they know about what they are doing, the correct understanding is one of the keys to creating good planning and management, because after all someone will only be able to organize or plan about what can be done and should not be done when they know about the field they are working on. As with trading, when someone knows, understands and realizes that trading not only provides profit opportunities but also has the possibility of loss, then they will obviously prepare various plans or actions that lead to prevention.

On the other hand you said that there are some individuals who enter first and think to learn everything that is in it, I think there is nothing wrong with that idea, or I mean you can't just conclude that when someone enters and gets involved in the world of trading then they will experience losses, not like that. Because after all everyone has to go in first to see what's inside, everything needs adaptation, and without you seeing the room you want to renovate you will never know what equipment is needed. This means that it is okay to go in first as long as they do it carefully and do everything as recommended. We must understand that there is one thing that must be self-taught in trading that you will not get this training from anyone unless you dare yourself, namely mental and psychological, where you will have a strong and good mental and psychological when you have experienced several losses in the adaptation phase by daring to try.