Why people mostly fail in trading

[Ben Barubal]

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.

Maybe the only thing I can add to what you said is that they were just told, hyped, or promised. It could also be because they watched it on YouTube and were enticed to enter crypto trading, so they are here.

It is also possible that others are exploring themselves to see if they can see an opportunity here in cryptocurrency. So there are many reasons why they fail, apart from greediness, and the ones you mentioned above.

[1715610996]

1715610996

[1715610996]

1715610996

[Fredomago]

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.

Maybe the only thing I can add to what you said is that they were just told, hyped, or promised. It could also be because they watched it on YouTube and were enticed to enter crypto trading, so they are here.

It is also possible that others are exploring themselves to see if they can see an opportunity here in cryptocurrency. So there are many reasons why they fail, apart from greediness, and the ones you mentioned above.

And most of the time hypes is the reason why trader  start gaining interest they might see it from a friends or relatives who venturing to this venue and they think that it will be easy for them duplicating the outcome,  but it turned out that because of lack of knowledge they ended up losing their money, its important that you have the right sets of skills and knowledge before stepping into this business, 

Trading is a never ending learning process even how good you are there's no assurance that you'll be able to keep the positive streaks  but the chances to avoid or prevent  losing a lot, you can work on it by using your skills and experience.

[ancafe]

Once you do have this kind of idea in mind on which you do have those hopes on becoming rich via trading and you are still a complete noob then you are just basically putting up yourself on such big trouble.
Why? you would really be that getting derailed on things on because you are really that believing that you could really be able to make yourself that to be able to get that easily until when reality
kicks on then this is where you would really be able to realize that it wasnt been easy. You would really be able to experience the worst until you would be able to learn for yourself.

Fail on trading? This is normal when you are just still that a noob. On the time that you do gain up experience then you do already know on how to minimize that risks and would
really be able to control up yourself and on how you would really be able to handle it out.

No. You have to dream to make something happen, but you need to move and learn to achieve that success. Trading is not easy to do, but that doesn't mean it can't be learned and the problem is precisely because you think about getting rich quickly from trading activities, so it can affect your psychology when trading ends in a loss. Wealth will be proportional to the capital we spend and wealth will also be proportional to the trading knowledge we learn because if we don't have trading experience it can actually give us losses.

Experience will teach us how we can improve everything and with experience we can minimize the risks posed by trading. As long as we know what we have to do, we will be much better prepared to face risks. There is no wealth that can be achieved in the near future because everything requires a long process for me to go through.

[Eres1]

Newbies should master the art using Demo account and also before using real money for trading have a mentor or coach to direct you so as to reduce Lost, and enable mastery

[EarnOnVictor]

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.

Those that have experienced losing in trading, don't want to try again and choose to hold. While someone who's very eager and optimistic and doesn't let themselves down due to failure keeps going on. It is okay to stop and learn another way of staying on this market.
IF trading doesn't work for you and you think of yourself as a failure, stop it from there and learn another technique to invest on the market as there's no other way than majority's common known.

You have good points, after all, you've said it all to motivate traders, but at times, it's beyond this and it could be nice if some traders just give up instead of wasting money. If it's about motivation and encouragement, I've done that so many times with so many people in years, but at a point, I realised that I was the wicked one motivating people and keeping them losing their money. That's how I realised that trading is not meant for everybody, and no matter how most people try, the more they fail in it. This is not to discourage anyone but to be frank and real due to my vast experience with it and my relationship with different people.

It's worth saying that it is not even the lack of learning that makes people fail, you have said it all that one should learn and change style when one fails, but it is beyond that. You may be well-equipped for trading and still fail, but you may also use the best management and still fail, which makes me know that psychology plays a huge role in the success of a trader. But unfortunately, traders do not always get this right, they might get it right for a little while, but before they know it, they are getting it wrong again, so they will continue to lose in this regard. It is until they get the psychological part of it right, they will learn and learn but will continue to fail.

[shinratensei_]

Newbies should master the art using Demo account and also before using real money for trading have a mentor or coach to direct you so as to reduce Lost, and enable mastery

I guess there's no mastery of skill in trading in my opinion its all experiences accumulated, using demo account will never sufficient and can hardly simulate the real adrenaline and anxiousness when you are trading with real money where it might heavily influences what you are going to do.
but I guess its an alright way to know how the market work, but whats matter is I think emotion management and how to make wise decision financially where the decision is truly made with logic.
that can only be done when we are experienced enough as a trader and I think it requires some kind of extensive knowledge about the cryptocurrency.

knowing current news about project better then anyone else could also put us on the advantage than the other people.
but personally I never ever agree with having a mentor or a coach to direct the way we trades unless you can be 100% sure that you are having the right person to teach you.
there are many self proclaimed gurus out there about trading that actually earns from other people loss, like those that earns from refferal and so on, always be careful when picking someone to teach you as the may come out as someone that only taking advantage.

[OrangeII]

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.

Those that have experienced losing in trading, don't want to try again and choose to hold. While someone who's very eager and optimistic and doesn't let themselves down due to failure keeps going on. It is okay to stop and learn another way of staying on this market.
IF trading doesn't work for you and you think of yourself as a failure, stop it from there and learn another technique to invest on the market as there's no other way than majority's common known.

Apart from what you say, there are many reasons why most people who enter crypto trading fail, and one of them is being greedy. People are just led by hype or promises and don't have enough knowledge about crypto or bitcoin.

Those are the major things that often happen that are still the reason for those who fail in trading in this field of this crypto space business industry.

There are too many factors that cause why people always fail in trading. Well, everything mentioned is true, and it all depends on the person doing the trading. I'm not very good at trading, and one of the reasons why I often fail is because I'm too greedy. well, I think that almost everyone has this trait. Because of this, I always choose to hold the coins I own and sometimes force sell when I make a profit. Well, it's better than continuing to endure the pain of taking a loss.

[Assface16678]

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.

Those that have experienced losing in trading, don't want to try again and choose to hold. While someone who's very eager and optimistic and doesn't let themselves down due to failure keeps going on. It is okay to stop and learn another way of staying on this market.
IF trading doesn't work for you and you think of yourself as a failure, stop it from there and learn another technique to invest on the market as there's no other way than majority's common known.

Apart from what you say, there are many reasons why most people who enter crypto trading fail, and one of them is being greedy. People are just led by hype or promises and don't have enough knowledge about crypto or bitcoin.

Those are the major things that often happen that are still the reason for those who fail in trading in this field of this crypto space business industry.

There are too many factors that cause why people always fail in trading. Well, everything mentioned is true, and it all depends on the person doing the trading. I'm not very good at trading, and one of the reasons why I often fail is because I'm too greedy. well, I think that almost everyone has this trait. Because of this, I always choose to hold the coins I own and sometimes force sell when I make a profit. Well, it's better than continuing to endure the pain of taking a loss.

Being impatient is one of the most common mistakes that a trader will do, as I trader I notice that this is the one that causing me to commit mistakes in trading and as a result I lose money from those trades, I mostly want to monitor my trade every single time even I set it long term or the goal of the trade is for long term, but because I'm being impatient I often didn't follow my trade and if I see a slight dip or a good profit even my trade is not touching the TP, I exit the market, that being impatient sometimes cause me because if for example I exit the market because I see downtrade and because I got scared I will exit the market but suddenly later on you will see the price being pumped, meaning if I have just patience to wait longer then there should not be a problem. So remember, if you will do trade and you come up with the technical analysis and chart pattern or graph, then follow it and see it through to the end.

[BD Technical]

Most of the people think that by doing this set tat they will make their profit. Many fathers will get a lot of profit and they think it is very easy.  But you will notice one thing well.  Losing your entire money is the only risk if it is trading, so if you come to the platform or invest, you need to have a basic idea or a good idea.  You will come and start making profit it is never possible bro money is not so cheap if you want to earn money you have to feed something in the beginning you eat loss or.  There are many people who eat 70% loss in case you can trade profit again in future if your idea increases or if you can work professionally.
 There are many who depend on their luck to give their father two or more profits but later most people.

[Gormicsta]

One of the greatest things that new traders can do is focus to create a strong trading plan and sticking to it. This means establishing clear entry and exit methods, setting stop-loss orders, and managing risk successfully. It's also important to be controlled and not let feelings affect decisions. It can be helpful to keep a journal of your trading activities to monitor achievement as well as recognize any aspects that need improvement.

[adpinbr]

Everyone intention is to  make money with a big or small so we don’t have to blame anyone going into Trading because they want to make money, that is why it is always advisable for someone to understand the meaning of of trading before going into it because if you don’t understand the meaning, then you have to endure the process of losing because it won’t be easy. You will feel so bad, but one thing about reading is you are getting more experience as you lose, but is not advisable for you to lose, but you lose your game more experience and knowledge strategy the process I want everything that should be in mind that they will definitely lose. Sometimes you will lose everything in your portfolio. It dependent on higher you enter the market and what happened, but never have intention. Because you are learning, OK let me also add this. It is always good, though set a spending limit of what you can get at the time or putting into trades. The truth is that we are learning every day the more you treat the more you learn more strategy you learn more process of trading. It is always good to continue trading if you want to be a professional never be scared of feeling because you definitely fail and trade again

[Fuso.hp]

Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.

[Kelvinid]

Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.

Well, having deep knowledge and a positive mindset is not the assurance for a trader to succeed, still possibly fail for some reason.
 - emotional factor
 - ineffective strategies
 - attitude problem

That is why we won't be confident that we already have knowledge and know how it works.  We still need to keep improving and enhancing our skills and strategies to fit the changing conditions of the market as well. If we want to succeed, we also need not be afraid to lose and of course, have patience.

[martinex]

Well, having deep knowledge and a positive mindset is not the assurance for a trader to succeed, still possibly fail for some reason.
 - emotional factor
 - ineffective strategies
 - attitude problem

That is why we won't be confident that we already have knowledge and know how it works.  We still need to keep improving and enhancing our skills and strategies to fit the changing conditions of the market as well. If we want to succeed, we also need not be afraid to lose and of course, have patience.

One important thing is to analyze the market first, don't just assume that if BTC will rise like before, others coin/token will also follow and fly. but, look at the current reality only fundamentals can do that and everything else gets messed up. quite a lot of people lost.

and yes intelligence and knowledge number 1 is needed no matter what. Our dominance can still be defeated by emotional factors as you wrote in point 1. And another thing is that dominant traders can at least see cheap prices and are willing to cut losses on coins that they previously bought high to take these low coins. once, twice and in the end it became a boom time in terms of estimated asset values which further decreased as time went by.

[$weetne$$]

Most people come into trading with their misconceptions, most traders think crypto trading may be very easy and if they buy any coin they will sell that coin at a higher price without any need to have any idea or knowledge about trading. When traders come to trade with such misconceptions, it can be seen that the way they plan to trade is easy, but in reality, trading is not so easy and at that time they suffer a lot due to lack of trading ideas. First we need to know about what is trading and how trading works and we must have enough knowledge about business and market knowledge, when we have knowledge about these things we will be less likely to suffer.

Another misconceptions some individuals have is that they can start trading without leaning how to trade first and when they have such beliefs that trading is easy and they u can use guessing to wim, it affect their trading results because they won't be making profits. Alot of people trading currently didn't learn how to trade and this is why they're failing. There's no person that learnt trading and keeps to the disciplined of trading properly that he was taught by his mentor and will be losing. If the strategy that you're using are current ones, you should be making profits often but when you didn't learn how to trade and what to profits, you'll failed. Trading also requires the right mindset and not every individual can develop the right mindset and trade with caution and not a rush to make money.

[bakasabo]

I have set for myself two reasons why people fail at trading.

1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.

[Peanutswar]

Could be they got FOMO with the coin they have been waiting for a long time but they don't have the trust to enter of position or they make a mistake with their decisions throughout their process and are afraid to repeat the same mistake, people want to earn money but they don't want to risk their money. Experience and knowledge is the best ways to succeed in trading, of course still, there's a risk but you can lessen this with your experiences. I highly recommend having a trading plan so if you lose in your current position you can back track and also back to basic sometimes you learn a lot you exaggerate most of the things so you forget the proper executions of the basics.

[shawonngp]

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.

Just my story is also similar with you. I lost trading for my lack of financial condition, a lot of times i sold my coins at low price because i was badly need money, so when there are no way to sell with lower price. I was not enable to check timely about which coin update like good or bad news. I made mistake when i am going to make big profits.

[Uhwuchukwu53]

I have set for myself two reasons why people fail at trading.

1) They have purchased wrong asset. Which means they havent done a research, bought it under influence of emotions, it was a spontaneous purchase.
2) They dont have a investing plan or dont know how to hold. That is simple, they dont understand that if the asset they have purchased is suitable for short or long term investment. And they dont know how to hold, they dont have guts and cant cope with stress when price goes down. They are easily influenced by panic.

Your not far from truth this your reason are reality, many venture into investment or business they have not carry out feasibility study , some never even see area of their specifications and Carrier if they are fit for trading or investing on what they go in which lead to some falling.

[Kingperry22]

Trading needs patience, truly it's not a rich quick scheme but it can be profitable once the strategies work. it requires dedication and time to learn how to trade. Being impatient in the financial market is why most people fail to be profitable. Micheal Huddelstone once said if you fail to see the liquidity you might just be the liquidity. Big finance institutions mostly determine where and how the market directions go. critical thinking and understanding of technical analysis with conjunction of fundamental analysis will help people.
The key issue is being patient.