You lose more when you over trade

[Eternad]

The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit

Actually the more you trade, the more money you can make is true because you will have multiple opportunities to gain profit instead of single trading because crypto price is volatile. I use the word can because you can only guarantee profit if your trade is accurate like using trading bot for grid trading or something to make your trade consistent 24/7 base on the price range.

The only problem why many fail of trading with multiple trading is they can’t timing their trade to the price fluctuations because they are using their emotion to decide on their trade instead of price action.

[Russlenat]

That's how the crypto influencers online affect the newbies in trading believing that trading will make them instantly rich, even without sufficient knowledge and skills. When in reality, trading will make them poorer if they enter the market trading with high greed and without patience to wait for the market to become favorable to trade. They put their future in trading, that's why once they decide to trade, they make sure to trade at a huge amount, and end up seeing them losing. When it happens, they blame the market all of a sudden, and believe that crypto trading is a big scam.

[Issa56]

Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.

Firstly, I will like to know if you are a professional trader. Your account is still new to the forum, if you don't have proper knowledge about trading, then you shouldn't give advice. You are right, trading is not a get-rich-quick scheme, and most people always have the wrong perspective before they start trading. Most of them think that if you start trading immediately,  you will start making money instantly, which is wrong. Most newbies are deceived by the videos they see on YouTube and the advertisements they do see from signal providers. They are always brainwashed that trading is easy and they will be pushed to start trading, but if they start losing and they are not getting rich, most of them will end up giving up trading and they will start spreading fake lies that bitcoin and cryptocurrency are scams.

When you want to trade, don't depend on trading signals, don't be deceived by the videos you see on YouTube, always take your time to read and learn about trading, and when trading, learning should be what you will be doing continuously, you should always improve your skills. There is no easy way to make money.

They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength).
The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit

I don't understand what you mean by they don't wait for the market to come to them, I don't think the market visits anyone. Maybe you can just explain to me better. All I will say is to always make sure you do your analysis first before entering a trade. You might be wrong sometimes, but I am sure your win will be more than your loss. Don't just jump into a trade without analysis, most traders now depend on trading signals, which is very wrong. You shouldn't wait for anyone to give you the go-ahead when you are about to trade.

[palle11]

They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength).

Patience is a good virtue for trading. If you wait for trade to come to you, it is clearer to go for the profit and you can take higher risk and tighten your stop loss as all time frame will be in agreement for a right order execution.

Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.

I think that has made some day traders to prefer to trade as swingers because swing trade gives you a long time and space to monitor the progress, situation and emotions/sentiment before you dive in. A longtime analysis space is one advantage of swing trading but however no strategy is far better than the other because they don't have guarantee, if you do a wrong analysis on any of the trading strategy then you can lose the trade.

[aylabadia05]

Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.

Regarding the correct way to trade and good trading methods, there are many available everywhere if trading beginners want to learn so as not to misunderstand trading.
It's just that people who have the perspective that trading is a way to get rich quickly are not willing to find out what trading is and how to do it.

I assume this is just a story. It's not that there are people who make mistakes in evaluating trading by thinking that trading is a get-rich-quick scheme and make mistakes in trading due to greed and impatience, but things that need to be avoided in trading are generally known.

[Twentyonepaylots]

YouTube channels created the idea that you can make a full-time living from trading,

I couldn't agree more on this, social media is so powerful that in seeds in an idea to people, it's called 'influence' from 'influencers' on the internet.  

and that trading has become a  full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich,

It's achieavable actually, make successful trades but the problem is with the consistency. Becoming rich with trading is so much of an impossibility, I don't think it will make you rich, although you can win a trade of millions of dollars but come on that's not how richest are made.

which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience  in the long term until you see some results achieved.

Long term trading, either it will make you big gains or become millionaire because you foresight the future   it's impossible to not lose a trade over years of trading.

[yhiaali3]

Yes, it is absolutely true. This is what often happens. New traders come and are very excited to make big profits from trading and dream of getting rich. When they start trading, they win some quick trades and think they have succeeded, but they soon discover that this is an illusion.

When they start receiving losses and painful blows, they begin to regret it and realize that real trading is completely different from theoretical trading on YouTube channels or paper. Then they start to understand the truth and that real trading is completely different.

[Ojima-ojo]

Though I honestly do not understand what op meant by the market coming to the trader, but I still would agree with all that he has said, judging from my own past and personal experiences.
It is actually very easy to give in to the temptation of over trading, most especially when the trader meet his target too early in the day and have nothing else to do for the rest of the day, to avoid being bored, one may decide to trade again since there is still much time left before the day comes to an end.

This is actually where over trading starts, when the trader enters the market and possibly end up loosing, he or she then tries to atleast make back the profit they have made before, and before he or she knows it, he or she is spending more hours than necessary chasing after profit, meanwhile, stress and anxiety may not allow him or her focus or give a good attention to the movement of the market so as to increase his or her chances of wining a trade.

Anyways, this is just long talk by the way, as I believe that every serious trader out there must have experienced this maybe a time or a couple of times.

[South Park]

Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.

They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength).
The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit

Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.

This comes from their inability to understand the markets, after all if they know their trading strategy wins 60% of the time and on average they could expect to make 1% in profits with each trade, then they reason that if they increase the number of trades they make then they will make more money, but what they are forgetting is that by doing that they will not be following their trading strategy anymore, and this often means that most of those additional trades will end with a loss, and instead of making more money most likely they will lose it.

[Finestream]

Overtrading becomes an important concern for newbies these days. They never see trading as a job that requires adequate knowledge and skills, but more on a hype that once they overdone it, it will make them eran more a lot. Well, that's not the case in trading. The more you overtrade without trading experiences in the market, the bigger chances you end up losing your capital. The reason why risk management is crucial when trading.

YouTubers may create a big impact on new traders. They see trading as a get rich quick, that's why they never wait anymore for the market to come to them, but they find ways to trade even at a very undesirable market to trade.

[terrific]

Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.

You know yourself better and that's why it is better to trade when you feel like you have to. But if you think that the market isn't coming to you.
That's a good thought that you shouldn't trade at all even if it's going to be long time before it comes to you. Anyway, how it is going to come to us then because we should be the one to come and trade. Still, I agree with you about being patient.

[Japinat]

Professional traders never resort into overtrading because that will only put their trades on a higher risk of losing. But newbies are still learning on trading, so their concepts are not as good and precise like skillful traders are. Instead of trading at their own risk, they chose to trade more often thinking that it's the best possible way to earn bigger amount of profits. The moment they lose, that's when they realized that overtrading does not work for them, and even to all traders out there.

For me, it's a good thing that they learn at the start. So if they tend to overtrade, that's okay. They will learn eventually their lesson and will not repeat the same mistake again.

[goaldigger]

Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.

[Rengga Jati]

Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day..

Well Yeah, we can't deny that this happens to most crypto trading beginners. Because basically they usually don't really understand crypto trading but just do it in the hope of getting high income from trading. We do need to have these hopes, but we also have to be self-aware of our portions and abilities. So at least when you become a newbie, traders should be able to prepare themselves better and be ready, in terms of knowledge and insight, analysis, and also how we control ourselves. If we over trade beyond the limits of our trading ability, be prepared to fall into a trap and lose more quickly.

[Natalim]

Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.

Trading is quite stressful in real life which most people never know but that is how it works. And it means that those individuals who can carry the stress will survive while the others will move away and quit. That is why we should have to be in mentally and physically good condition before trading as this has a huge impact on our trade. That is why we should trade that have peace of mind and in a very convenient place so we can focus on the thing we do. People overtrade because they are very stressed and the chase of getting more despite the market situation isn't really good. 

[Rockstarguy]

The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit

We call this greed, an a big mistake anyone will try to take, continuous trading is the easiest way yo lose money in trading. Trading is not designed for people to trade and make all the profits they desire to get.

 In trading the moment you make the little profit just stop and when their is lose it is better to just stop and not still forcing yourself to make profits by all means. One of the rules in making successful trading is to stay away from greed . Greed is a big factor that every trader needs not to allow to be a habit in trading . Traders needs to be satisfied with their little profit in trading.

[borovichok]

Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.

Trading is consider difficult for some and consider simple for some, it all depends on the individual's mind and the kind of mentorship program one scout out. We just have to do what we think is right because things do actually fall out of lane so fast, possibly than anything we could imagine. Trading is one of the good features to anticipated if you're actually a pro trader or a newbie who's willingly to learn every single steps to ensure things goes smoothly on both the newbie way and the mentor. Over trading only happen when a trader is keen on revenge and he's purely intended to recover his lost funds which he forgets in a hurry about the volatility of the market.

[TelolettOm]

Excessive trading I think is rare, even beginners know that ideal trading is using analysis and that will make one's trading more organized both in terms of capital and time.

Not sure whether it is rare or not, but I am not familiar with the term of 'excessive trading'. What I know is excessive gambling, it is a familiar thing in gambling. Can anyone describe what the excessive trading is? Is it when we use too big funds or when trade too often?  

I doubt if a beginner will do excessive trading because they must realize that it won't be safe for them to trader too often with lack of knowledge. Ideally, we become more often trading when we already have enough knowledge and understand how to take profits in an effective way. So, we can enjoy trading due to earning good profits.

Let's say someone without that kind of knowledge (relying only on luck), I think they would prefer gambling with big money rather than trading where the chance of luck is greater.

It depends on the individual. If he is familiar with gambling, he may prefer to use bigger money in gambling. But if he isn't familiar with gambling, he must prefer to use it for trading because it offers good profits, too. Anyway, how can the chance of luck to be greater? If it is true, all the gamblers must be rich and the casinos are closed due to bankruptcy.

[GiftedMAN]

Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.

Trading is consider difficult for some and consider simple for some, it all depends on the individual's mind and the kind of mentorship program one scout out. We just have to do what we think is right because things do actually fall out of lane so fast, possibly than anything we could imagine. Trading is one of the good features to anticipated if you're actually a pro trader or a newbie who's willingly to learn every single steps to ensure things goes smoothly on both the newbie way and the mentor. Over trading only happen when a trader is keen on revenge and he's purely intended to recover his lost funds which he forgets in a hurry about the volatility of the market.

We will surely keep loses when we over trade because at that time, our brain is saturated and we might not make good profits from the market. Trading is good and we can make profits from it but when we do it in a way that looks too frequent, we might become too desperate and become smart enough to bet on where we are going to be making positive results. For us to make money from gambling, it is good for us to try as much as possible to do things in a way that would benefits and staying safe at the same time without getting ourselves into problems.

[BRINIRHA]

Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.

I also prefer to do the same as you. Because for me trading is just a sideline. So I don't always have to log in every time. I prefer to watch and wait for Narrative to be made and then get in as early as possible and sell it when the hype is really going on and is almost at its peak. I don't even like waiting until the hype reaches its peak. Because I would rather take profits early than take profits late when the market changes direction quickly.

It's just that most beginners seem addicted to trading. It's as if they're having trouble stopping. In fact, they continue to monitor the market from time to time which even disrupts their daily activities. Unless they are a day trader. So it is understandable that their job is to always monitor market movements and not want to miss even a small moment. But for ordinary traders there are times when we have to leave the market if the market is not in our favor.