Why people mostly fail in trading

[Bushdark]

<snip>

There are many reasons why people mostly fail in trading.

• Due to a lack of knowledge
• They fell prey to FOMO
• Don't have patience
• They made impulsive decisions
• They don't have good strategies for trading
• they invest in shit projects
• they don't know how to do TA and FA
• They follow wrong signals from Groups

and many more, failing in trading depends on many factors

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Op had already listed many of the reasons why people end up losing in trading. It is good when we know what we want and how to get it without much difficulty or over thinking. The market is an open place for us to make money or lose money depending on our intellectual in trading. We might have the plan to make money in trade at the initial time then start seeing loses consecutively.
Sometimes we can't control what outcome we can get from the Crypto market.

[1715570442]

1715570442

[1715570442]

1715570442

[1715570442]

1715570442

[1715570442]

1715570442

[1715570442]

1715570442

[boyptc]

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

[Fredomago]

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Better to be inspired and take that failure as another step to adjust and try working on it for the betterment of your next attempt. I agree with your statement that practicing whatever you learn will help you to gain more knowledge. It's different from just reading and watching how the trade is executed. By practicing it you will experience the emotion which most of the time drives you to fail, and you need to adjust to keep improving yourself.


Though it is going to depend on  how you think your opportunity to succeed, as not everyone can be successful, from this venue not even you are keen if it's not for you things won't work the way you wanted it.

[edy_58]

Better to be inspired and take that failure as another step to adjust and try working on it for the betterment of your next attempt. I agree with your statement that practicing whatever you learn will help you to gain more knowledge. It's different from just reading and watching how the trade is executed. By practicing it you will experience the emotion which most of the time drives you to fail, and you need to adjust to keep improving yourself.


Though it is going to depend on  how you think your opportunity to succeed, as not everyone can be successful, from this venue not even you are keen if it's not for you things won't work the way you wanted it.

If we have been able to learn from the mistakes we have made and can correct them, then when we try again, of course we will do it carefully and will be able to complete perfectly what we have learned, yes, when we continue to repeat what we have learned carefully. well of course we will become experts in that field and also we will have a different way of solving it from the first one we tried, if we only read the theory and immediately put into practice of course the results obtained will not be the same as those who study with other people and keep repeating what they have learned they have learned this.

[cryptoWODL]

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No man can master or learn anything absolutely from scratch. For example, when we were studying in school as children, we used to read what our teachers taught us over and over again so that we could learn it quickly. Similarly, for our detailed experience in trading, we need to learn about trading and practice it over and over again.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

[leonair]

most mistakes of traders are;
* Having no proper training in the craft to attain knowledge about it.

* Having no experience traders that is good in the craft to guide them.

Not everyone has an access to this so in a way it's not really a mistake on the newbie trader side, some people just started trading and they just gained their own experience through continuous losses and gains and even if they try and find a school that does this exact thing, they're going to get nothing out of that because the market is volatile and they might not even use a lot of the stuff that they've learned in that school when the actual trading happens, mentors are expensive especially if you don't have a connection.

Trading is one thing that you cannot learn from institutions like schools and colleges, you have to try yourself and take risks to learn it.  Otherwise you cannot learn trading. The most important thing while trading is to trade patiently without panicking. Because no one can tell when a coin will be pumped or dumped. Because of this one thing that one has to keep in mind when one goes to trade is that one has to be patient until the profit is made. If you panic and sell crypto, you will lose

[YOSHIE]

Why people mostly fail in trading

You have to have a little faster and superior action or access to the crypto you are trading, crypto trading is not the same as other trading, which we have seen, calculations, analysis, the type of crypto being traded really determines who is successful in trading.

Failure is also something that often happens in crypto trading, even though they are experts in their field, trading is not only to seek profit, thinking about risks that could occur unexpectedly must also be considered, So whether crypto trading fails or succeeds is very much determined by ourselves in the process of carrying out the activity.

[user210822]

Because people mostly fail in the subject they often use help of their younger brothers such as octopuss that told correct answer to football games and groundhod who predicts if the winter will last longer than usual. Seems fair to me!

[Rehan Zakir]

The main reason behind that they don't have control on their emotions. When their trade get into loss they are depressed and close their trade in loss. Even the market is taking a minor correction and after that their buying coins can gives good profit.
So, that's the main reason of their loss.

[boyptc]

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No man can master or learn anything absolutely from scratch. For example, when we were studying in school as children, we used to read what our teachers taught us over and over again so that we could learn it quickly. Similarly, for our detailed experience in trading, we need to learn about trading and practice it over and over again.

Everything starts from scratch and one can master it from there if done continuously. Right, we have to learn and practice it for us to become better at something and that's the same with trading.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

Those that have become successful have also failed but what is the difference on them is that they made it right but doing it again and again.

[Nheer]

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

That’s just the spirit of successful people. Success doesn’t just come just like that, i know some people get lucky and don’t actually have to go through aa lot but the percentage of the lucky ones are just few compared to those who have to work their way up to achieve success.

A successful person will tell you the way up is not easy it needs consistency, dedication, commitment, patience and hard work. And having all these attributes doesn’t guarantee success, some people are bound to fail couple of times and keep trying before they eventually succeed. It is never too late, if there is life there is always hope to achieve success so i agree with you that patience is an essential key to achieving success. This also applies to trading cryptocurrencies.

[barisbilgili]

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

That’s just the spirit of successful people. Success doesn’t just come just like that, i know some people get lucky and don’t actually have to go through aa lot but the percentage of the lucky ones are just few compared to those who have to work their way up to achieve success.

A successful person will tell you the way up is not easy it needs consistency, dedication, commitment, patience and hard work. And having all these attributes doesn’t guarantee success, some people are bound to fail couple of times and keep trying before they eventually succeed. It is never too late, if there is life there is always hope to achieve success so i agree with you that patience is an essential key to achieving success. This also applies to trading cryptocurrencies.

Luck also doesn't come by itself, there are quite a lot of things or processes that have gone through to get luck.
There is no luck for those who do nothing.

In crypto trading, there are quite a lot of things that you have to learn technically and self-control is also quite influential, so it cannot be denied that if you can be patient at certain times you will be able to provide greater profits.
In crypto trading, defeat often occurs due to uncontrollable emotions, and the reverse will also happen if we are able to be patient and restrain our emotions.

[Vinaa77]

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

That’s just the spirit of successful people. Success doesn’t just come just like that, i know some people get lucky and don’t actually have to go through aa lot but the percentage of the lucky ones are just few compared to those who have to work their way up to achieve success.

A successful person will tell you the way up is not easy it needs consistency, dedication, commitment, patience and hard work. And having all these attributes doesn’t guarantee success, some people are bound to fail couple of times and keep trying before they eventually succeed. It is never too late, if there is life there is always hope to achieve success so i agree with you that patience is an essential key to achieving success. This also applies to trading cryptocurrencies.

Yes, achieving success is not an easy thing, it requires hard and consistent work to achieve it, but there are some people who are lucky, they can achieve it easily without having to do hard work that requires them to try before they can achieve success.

If we want success in the life we live, of course we have to start immediately because if we don't start then we won't be able to achieve the success we want and we don't need to be afraid to start something to change ourselves for the better, because if we If we don't try something that takes us in a better direction then we won't be able to succeed in anything.

[Yamifoud]

In crypto trading, there are quite a lot of things that you have to learn technically and self-control is also quite influential, so it cannot be denied that if you can be patient at certain times you will be able to provide greater profits.
In crypto trading, defeat often occurs due to uncontrollable emotions, and the reverse will also happen if we are able to be patient and restrain our emotions.

Basically, everything we must have to learn in trading, not just knowledge and skills but also we need to be mentally fit. Trading doesn't need luck but a good trading decision and funds management. For some traders, they spend more money to earn more but this should not be a good practice as we are not in a rush to earn huge instead, we spend wisely and securely.

Emotion is one factor affecting our decisions, the moment we let it control our minds, certainly it goes in the wrong direction which is losses.
That is why trading is not easy as more people have thought and what we saw on social media. Struggles are really what we experience in real life and much more for newbies.

[Fredomago]

Better to be inspired and take that failure as another step to adjust and try working on it for the betterment of your next attempt. I agree with your statement that practicing whatever you learn will help you to gain more knowledge. It's different from just reading and watching how the trade is executed. By practicing it you will experience the emotion which most of the time drives you to fail, and you need to adjust to keep improving yourself.


Though it is going to depend on  how you think your opportunity to succeed, as not everyone can be successful, from this venue not even you are keen if it's not for you things won't work the way you wanted it.

If we have been able to learn from the mistakes we have made and can correct them, then when we try again, of course we will do it carefully and will be able to complete perfectly what we have learned, yes, when we continue to repeat what we have learned carefully. well of course we will become experts in that field and also we will have a different way of solving it from the first one we tried, if we only read the theory and immediately put into practice of course the results obtained will not be the same as those who study with other people and keep repeating what they have learned they have learned this.

Proper adjustment and that learning process when you failed from your first attempt, it's giving the idea what to do on your next try, we have to generate good understanding to avoid repeating that same mistake, traders who are keen and really aiming for success mostly track those failed trades and identify what went wrong.

After the assessment they will mark those errors and try to adjust then adopt from the situation, it's important to know and have that will to succeed mentality, else, you will just continue repeating your mistake and will continue to lose your hard earned money.

[NicNacCoin]

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so  as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I  believe that are  required to come out profitable in trading are;

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

The reason traders fail on most trading platforms is due to their lack of trading experience. Most traders fail in trading because of trading experience. For a trader to be profitable on a trading platform he must adopt a trading strategy without a trading strategy a trader will never succeed from a trading platform. I think a trader should first know about market volatility then avoid excessive greed from trading platform and never lose patience trading on trading platform. If a trader can follow all these strategies and trade then he can survive on the trading platform. But it should always be remembered that trading is never an easy means of earning, those who consider trading platform as an easy means of earning are the most losers in the trading platform.

[Dzwaafu11]

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading.

Greed affects many traders today. Most traders don't really use strategies that suit their knowledge; all they look up to is money, which is not the case. As a professional trader, using your own strategy is very important as it will be a guide for you while trading and it will always favor you while trading, but greed is what makes some traders jump into the market without the fundamental knowledge of trading. Even though we all know that losing in trading is a normal thing that happens, if they lose too much, it will discourage them from doing so, and in this kind of situation, they will not notice that there is a course if they lose, forgetting that it was greed that was making them lose all the time.

So it will be good if all traders calm down and learn the key aspects of trading, such as fundamental knowledge, getting their own strategy, technical analysis, and some other key things that will help such traders.

[Ahli38]

Based on my personal experience, I was also an unsuccessful trader several years ago. And the reason at that time was that I underestimated technical analysis. And secondly, I'm lazy about digging up the latest news and information. And the third is that I have no control over my own emotions in trading. and the fourth is that we use money that is not actually cold capital or we use money that we actually still need for our daily needs. And the last thing is that we don't yet know market habits.

But what leads to losses the most is excessive greed and fear in trading itself. Not being satisfied with small profits and being afraid of missing out on prices is what also made me sink into big losses at that time. But I reevaluated everything and started over by learning from all the experiences I had gone through. And never be someone who is lazy about digging for information. Because in trading information is one of the most valuable.

[Tomcolor]

Actually two levels of people are more interested in trading as first when a crypto user comes to know about crypto then he loses money while trading. On the other hand the middle class users refrain from trading because they have already lost a lot of money while trading. Moreover, those who are more experienced in trading easily get profit from here due to which they value trading more than investment.

[Ndabagi01]

One of the most important things to overcome when starting out in trading is the inability to control your emotions. For starters, it is not a get-rich-quick scheme, and mastering it requires extensive training and knowledge. If it were that easy to make money in trading, all traders would be filthy rich already. Trading also requires you not to be greedy; greed will only cause you to lose more money and may force you to exit the market when you least expect it. Trading is its own school, and attempting to outsmart it will only lead to failure.