Why people mostly fail in trading

[2Pizza410000BTC]

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.

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform.  Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

[1714768223]

1714768223

[1714768223]

1714768223

[1714768223]

1714768223

[Bloodseekers]

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform.  Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

When someone decides to trade even though they only have a little knowledge about trading and consider themselves to have a lot of knowledge about trading, of course this is very stupid and of course this will make them experience losses on the trades they will make and this will continue until they realize the mistake they made.

Greed is not a good thing in many ways, including trading, because everyone who trades with greed will of course not be able to make the right decisions in trading and also they will not be able to analyze the market well so they often miss out on the profits they have made. obtained when trading.

[poodle63]

When someone decides to trade even though they only have a little knowledge about trading and consider themselves to have a lot of knowledge about trading, of course this is very stupid and of course this will make them experience losses on the trades they will make and this will continue until they realize the mistake they made.

Greed is not a good thing in many ways, including trading, because everyone who trades with greed will of course not be able to make the right decisions in trading and also they will not be able to analyze the market well so they often miss out on the profits they have made. obtained when trading.

honestly if someone so lack in knowledge when in trading they could compensate by using trading signal but then again finding reliable trading signal is like finding needle in the haystack.
often time we gonna be misled with some fake information and become exit liquidity for those people so its not really a good thing either.
the best thing to do is by accumulating knowledge so that we can know whether an information is a fake information and make our own analysis because its often time become crucial.
even more so for newbies, greed and lack knowledge I think quite frequently goes together when newbie trying to trades. because their lack of knowledge is the reason they become so greedy buying at peak when coin is having some big rally and then losing all their money because reaching peak mean the coin vulnerable to sudden flash dumping.
this is the reason why most people fail in trading, because 90% quit because they don't have enough knowledge to make profit.

[Yaqs15]

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.

actually these are most of the common mistakes made by traders. Apart from the above mistakes, some of them even trade by assumptions, they will try to predict the future market by assuming that so and so will happen in the next market without rigid and basic knowledge about it.

[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.

Those who fail the most in trading platforms are those who think they are the most knowledgeable with little knowledge of trading platforms. There are many traders who acquire little knowledge of the trading platform and think themselves to be super knowledgeable who fail the most in the trading platform.  Besides, there are some other reasons for failure in trading platform. One of the reasons is excessive greed. Those who have excessive greed fail more in trading platform. Also, those who jump into trading platform without analyzing the market also fail in trading platform. Every trader should remember some strategies. If a trader can follow some strategies, he will not fail much in the trading platform. But strategies include not being overly greedy, not trading with emotion, and trading with an understanding of market volatility.

It's always best to earn knowledge and use it for your trading as there are many factors that may affects your decision making and yes, like what you said, greed mostly conquer you and manipulate your decision, once you follow that greed it will start directing you and commanding and instead being contented with small earnings you'll choose to push for much larger and eventually you'll lose your position,  part of that is the volatile nature of this business.

You can't just ignore the quick pump or the quick dump and your usual reactions is to move according to the trend hypes, and that's the worst thing in trading, emotions should not be tolerated but instead use the earn learning and follow your setup strategy from time to time.

[Denamen]

Because many people don't know what to do in the crypto market. Then they think they just need to follow the crowd or follow some whale. And in the end, whales don't show all they do to get rich on trading, so we fail and follow the crowd? Sometimes the crowd is just food for the whale wallet. So it makes most people who follow the crowd fail too.

[Ricardo11]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

[Jessie2121]

There are many things that makes one fail in trading, lack of planning no strategy and also lack of patience can make even the best trader to fail. You see someone who believe he or she can do better than the other getting involved without seeking for advise may lead to massive failure, some even thinks it has to do with luck but no way, it doesn't have to work the way it does for the next person.
If you don't accept that you know less about something you only meet your down fall, and in this crypto world to succeed you have to get the best in the business to school you to know more, without that all won't go well with you trading if you're not careful.

Jumping into trading without understanding the entire concept of trading and getting impatient quickly is one of the reasons for failure in trading.  The first things that have a high impact on trading are not to panic, control emotions and be an expert in analysis. If you follow these things, there will be less chance of failure in trading. no one can guarantee that a trader will succeed in all his trades, but the more expert he is, the less likely he is to fail.

People do get into trading without having any idea about what the hell it is they're getting into just for the sake of "others are doing it", some times is a way of making it very fast to start spending and all that.
Some if not all, lose control when what they're expecting is not what they're getting before you know it they start panicking and is there you'd see them making unexpected research on who to help them out if the shit they're into. Sometimes too is pride that get people to engage in trading they know nothing about, is like the want to prove a point that they can do it and they know it all, if Mr A can do it I too can do it.

[cryptoWODL]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

Yes maybe that's why everyone is asked to acquire detailed knowledge about trading before trading. When you are fully experienced in trading you will know how to control greed and emotions in trading. And whenever you are not experienced about trading, greed and emotion will work prominently in you. What is seen in the initial stages of the new traders is that they have little knowledge about trading but greed and emotions work more in them due to which they fail the most while trading.

To learn trading or to trade correctly, a lot of market analysis must be done and the basic contents related to trading must be well mastered so that no mistakes are made while trading. However, those who learn trading in the initial stage should create a demo account because besides learning trading, they can increase their trading experience by trading with a demo account.

[KupaCrypto]

Like you have Said, some people take trading as a quick path to riches, though it might sound true , but trading goes beyond getting rich in less distance time, I was talking to someone and he told me that there was money in trading, but I shouldn't be greedy and u shouldn't be in a rush,  while most traders Fail is they don't dedicate more time in researches and knowing what they ought to have known, they just learn the basis of trading and then start Investing,

Experience traders hardly fail , because no matter what the situation is like they must have a solution to counter it,  most persons also give up after one or two bad experiences which is not good, the bad experiences are the foundation of a good trader because experiences are good teachers,

[Jody.Drummer]

Ignorance and lack of experience are the main problems here, and also in addition they are usually people who are in a hurry because they are too focused on profit opportunities. I understand that all traders have the intention and goal of making a profit in the world of trading but you need to go through several phases that are not easy before you are finally able to really make a profit consistently. Trading is not a place that can turn your fate into a rich man in an instant, because obviously if you think rationally then I'm sure you will say that trading is a very difficult profession especially in terms of living and going through the process.

Trading is the same as building your own business but the difference is that it is invisible, unlike when you build a business that is physically visible because we are here engaged in the online field where we are someone who works in front of the screen to make a profit, but still in terms of preparation it is the same as when you run a regular business, where you need to have a strategy to generate profits, risk management such as TP and SL to minimize possible losses, management, self-control and good emotional control as well as mental and psychological strength, and I believe that the people who end up failing are those who fail to prepare and control themselves which is always the problem is that it is difficult to ignore the greed aspect which makes the session end up with more losses and it creates a lot of tension and further worries that make them experience significant pressure due to losses.

[Rockstarguy]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

This is the problem some beginners do have with trading, they believe the little knowledge they have in trading can make themti be successful in trading. The reason why some people don't take their time to learn trading well is just because of greed of making more money from trading, they feel with the little understanding they have concerning trading it is enough to give them profit. Greed is the reason why most trader lose in the market because they are too inquisitive to make profit.  

[Ben Barubal]

     There are others, like newbies, who only know a little about trading; they feel like they already know a lot; they feel like they have it all; then, when they lose their capital, they blame crypto, or else they say that crypto is a scam. That's how narrow-minded others are, so no wonder they lost their capital.

     Too excited and in a hurry to make money in crypto, some newbies will say that there are no traders in crypto who don't aim to make money, given the fact that what was said is true, but in reality, it is not true that it is easy to make money in crypto. Instead, it should really be studied. They should first ask if the traders or experts can take longer than others if they learned trading understanding easily. `

[Fatunad]

     There are others, like newbies, who only know a little about trading; they feel like they already know a lot; they feel like they have it all; then, when they lose their capital, they blame crypto, or else they say that crypto is a scam. That's how narrow-minded others are, so no wonder they lost their capital.

     Too excited and in a hurry to make money in crypto, some newbies will say that there are no traders in crypto who don't aim to make money, given the fact that what was said is true, but in reality, it is not true that it is easy to make money in crypto. Instead, it should really be studied. They should first ask if the traders or experts can take longer than others if they learned trading understanding easily. `

Newbie could really be determined on different types;

• Zero knowledge newbie
• Aware of trading but totally dont know on how things works

Failures and mistakes are really just that part of the learning process. Come to think that even professionals do lose money. Thing here is that you do really know on what you should gonna do.
Fail is inevitable, the only thing you would really be needing to consider is that you do neither continue or completely stop. It would really be just that depending into your risk appetite since not all would really be able to
accept into those things that they are really that dealing with.

Dealing with volatile market does involved those ups and downs or simply a roller coaster ride. If you cant be able to bare up with the risks then this is where
people would really be deciding on stopping. Some do succeed some do fail and its just like other things in life on which there are things arent meant for us no matter how hard we do.

[Natsuu]

Too excited and in a hurry to make money in crypto, some newbies will say that there are no traders in crypto who don't aim to make money, given the fact that what was said is true,

Yes that's true. You truly need a dream to fuel your passion and the process. A very clear picture of that. But the problem is, many get caught of that and they focuses to much on the reward rather than the process. And the process for trading is too long, steep, and challenging. If you get cocky and greedy, you will lose it all. If you get too calm, you will get bored and not perform. SO you got to be in the middle, in the process, in which your focus is to improve your trading and your life. Because you cannot have commitment in trading if you don't have attended commitment in real life.

Many says they know that trading is a long journey, yet most of them not really accepted that fact. They want shortcut. They want to flip $10 - to 1$0000 right away seven days after discovering trading. Doesn't work that way.

[Fredomago]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

This is the problem some beginners do have with trading, they believe the little knowledge they have in trading can make themti be successful in trading. The reason why some people don't take their time to learn trading well is just because of greed of making more money from trading, they feel with the little understanding they have concerning trading it is enough to give them profit. Greed is the reason why most trader lose in the market because they are too inquisitive to make profit.  

That kind of mentality which most of the time leads those traders to failed from this venue, little knowledge is enough to learn more there are always changes that will happened as trading is a place where competitions is everywhere, you can't just lean with basic and common knowledge as it's already knew by many, and it will easier to be intercept by other traders who's trading around you.

You need that deeper understanding to make sure that you are in-control both your emotions and how you are managing your finances.

[Yukyzu]

This is the problem some beginners do have with trading, they believe the little knowledge they have in trading can make themti be successful in trading. The reason why some people don't take their time to learn trading well is just because of greed of making more money from trading, they feel with the little understanding they have concerning trading it is enough to give them profit. Greed is the reason why most trader lose in the market because they are too inquisitive to make profit.  

Every beginner, of course, will continue to make mistakes if they do not have good knowledge of the trading they do and it is important for them to learn trading in order to achieve success when trading and for those who do not take their time to learn trading, of course they will find it very difficult. to be able to profit from the trades they make because they do not make trades based on good knowledge about trading so they force themselves to trade which makes them experience losses.

Greed of course will make someone unable to analyze the market well and if they don't do research before deciding to choose the type of coin they will trade then it will be very difficult for them to make a profit from the trades they make.

[nara1892]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

This is the problem some beginners do have with trading, they believe the little knowledge they have in trading can make themti be successful in trading. The reason why some people don't take their time to learn trading well is just because of greed of making more money from trading, they feel with the little understanding they have concerning trading it is enough to give them profit. Greed is the reason why most trader lose in the market because they are too inquisitive to make profit.  

That kind of mentality which most of the time leads those traders to failed from this venue, little knowledge is enough to learn more there are always changes that will happened as trading is a place where competitions is everywhere, you can't just lean with basic and common knowledge as it's already knew by many, and it will easier to be intercept by other traders who's trading around you.

You need that deeper understanding to make sure that you are in-control both your emotions and how you are managing your finances.

Everything is always because of "too much haste", I understand that everyone comes with the aim of making a profit but there are some people who know the right way to be able to make that profit, and there are also some of them who are too hasty which makes them trade without being based on the right knowledge and knowledge because they are too greedy and too focused on the idea of wanting to get rich quickly so that in the end instead of getting profits but instead they experience the opposite which is where they even experience the amount of losses that are sometimes quite large.

That's right, in trading when you have a lot of knowledge and knowledge then you will be easier to find profits, but all of that you will only be able to get when you have qualified knowledge and knowledge which means that in the early stages we should not focus first on profits but the actions we should take at the beginning are to learn more seriously about everything you don't know that has the potential to increase profit opportunities because when you already have enough knowledge and experience then that's what will lead you to a lot of profits.

[dunfida]

Usually those who get greedy and don't know anything about trading are the ones who lose the most. They first take little idea of trading and after that they get greedy and start trading using money in trading, so they only lose. They start trading without acquiring full knowledge about trading. They should first know everything about trading well, research every aspect of trading well. And trading by researching the market well without being greedy, and trading by presenting the basics of trading well. They need to understand that trading without proper trading skills will only lead them to lose.

This is the problem some beginners do have with trading, they believe the little knowledge they have in trading can make themti be successful in trading. The reason why some people don't take their time to learn trading well is just because of greed of making more money from trading, they feel with the little understanding they have concerning trading it is enough to give them profit. Greed is the reason why most trader lose in the market because they are too inquisitive to make profit.  

That kind of mentality which most of the time leads those traders to failed from this venue, little knowledge is enough to learn more there are always changes that will happened as trading is a place where competitions is everywhere, you can't just lean with basic and common knowledge as it's already knew by many, and it will easier to be intercept by other traders who's trading around you.

You need that deeper understanding to make sure that you are in-control both your emotions and how you are managing your finances.

Everything is always because of "too much haste", I understand that everyone comes with the aim of making a profit but there are some people who know the right way to be able to make that profit, and there are also some of them who are too hasty which makes them trade without being based on the right knowledge and knowledge because they are too greedy and too focused on the idea of wanting to get rich quickly so that in the end instead of getting profits but instead they experience the opposite which is where they even experience the amount of losses that are sometimes quite large.

That's right, in trading when you have a lot of knowledge and knowledge then you will be easier to find profits, but all of that you will only be able to get when you have qualified knowledge and knowledge which means that in the early stages we should not focus first on profits but the actions we should take at the beginning are to learn more seriously about everything you don't know that has the potential to increase profit opportunities because when you already have enough knowledge and experience then that's what will lead you to a lot of profits.

Lack of patience and doesnt really like to work hard or doesnt like to experience challenges are the ones who are really that too lazy and really loves to take shortcuts or doesnt have that interest on trying out to
go with those basic learnings or methods to learn up themselves. It is really just that there are people who are really that not that patient enough. On the time that they would really be losing money
then this is the time that they would really be having those realizations and this is something that you should have done earlier. Failing or committing errors is really that normal when hovering yourself into the market.
You cant really be directly to be come a professional or someone whose really that good on your first try.

It would really be something that normal to experience on your first try. It is really that normal that mistakes and errors would be experienced because of lacking knowledge and experience.You would
really be having that kind of mindset on fast pacing the learning but not even bothered on thinking on what are the things that should be done first.

[adpinbr]

Yes, people has been feeling in Trading, because of not taking the right step and doing the right thing at the right time and end up losing the cap and also telling all about how Trading is not good for them. Some people may think it is a general problem not know that it’s just something personal, Trading has a lot of steps and understanding my advice is if you want to succeed in trading, you have to come down and do what it takes properly before going into Trading you have to take your time and research to know those things you need to do