Why do many people fail in trade?

[khiholangkang]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading.
Many who have just learned one month to one semester they give up and no longer want to trade, please note that naturally fruitful trees are trees that grow with a long period of time so that they can bear heavy fruit and can provide benefits for both the owner or others.

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

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[bittraffic]

Most of the users who attempt to try trading I think have the goal in mind to learn it quickly with a crash course and hope to make a living with it.

In my case, I tried to learn quickly because there was a need for money, and wanted an immediate answer. I did lose more during my first few months maybe up to 6 months, I was just at the right time because I came to crypto just when the bull market was starting. If it weren't for it, I wouldn't have the capital to keep trying.
But eventually, I learned to only trade when the market is bullish.

[Oshosondy]

Traders that are losing are far more than the traders that are making money from trading.

The best way to trade is to begin with appropriate plan for money management. I am still resting since this year began, I did used just 5% for trading from my weekly income.

Trading can disappoint you but you will not disappoint yourself by not spending the amount of money that you can not afford to lose.

Risks management is very important in trading. Followed by having technical strategies to win than lose and learn about indicators.

[jrrsparkles]

You can learn about trading one or two years or just start after knowing the basics but success depends on many factors and importantly their decision making abilities at the current market conditions. This modern era people think that trading is easy way to become rich but it's not, trading is highly unpredictable event so you have high risk hanging around your capital all the time. It will just take one bad day to eat the profits you made in one month.

Trading will get better with real life experience and one who has other revenue sources can excel in trading than one who do trading as their only job.

[TheUltraElite]

There is one single reason for this.

One thing that comes out front is that many trader become traders when the market is showing the uptrend and the mainstream buzz on crypto is out of the roof. That is the wrong time to buy. These are the same people who will sulk at the bear market and sell off at a loss and then go to reddit to complain that bitcoin is a scam.

These things can be prevented by prior experience to other speculative markets and by dummy trading while reading the past charts.

Still trading is not for everyone, if one continues to lose in trading, better to avoid it.

[Lakai01]

One thing that comes out front is that many trader become traders when the market is showing the uptrend and the mainstream buzz on crypto is out of the roof. That is the wrong time to buy. These are the same people who will sulk at the bear market and sell off at a loss and then go to reddit to complain that bitcoin is a scam.
[...]

You are basically right, of course, but what you are describing here is not trading but a classic (failed) investment. A trader does not care about the actual market sentiment (bullish vs. bearish), as this has no effect on the traded time frames (15m, 1h, ...).

However, the situation you describe naturally applies to a new investor. You buy Bitcoin (maybe even at the ATH) and quickly assume that the investment will double or triple in value ... and are then hugely disappointed when it doesn't.

[kentrolla]

I think you have covered most of the common mistakes wherein I would like to emphasize once again on the point that trading is not gambling as it will take time to learn and make profit but most of the people fail due to lack of patience and making unwanted trades during volatility to make profit which ends up in loss. I think no one should directly start trading but rather they need to do it using demo account and learn which strategy works for them for which coins as they need to analyze themselves before analyzing the market. I would say never trade altcoins if you are new rather stick to Bitcoin.

[Tipstar]

Another thing the traders should have is a plan. Many of the traders do trade on emotions and gut feeling rather than having a proper plan to take profits or stop loss.
An example of myself when I first started leveraged trading, I put my bet on a coin and on my first time it hit it's higher point at 4 hours since I bought. I was so happy with that 20% profit that I invested both my principal and profit on the same coin at a larger leverage. I should have thought there ought to be a correction after a price jump but I did everything cause I didn't had a plan.

[AbuBhakar]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading.

Trading is competing against other traders to buy low and sell high. There’s no way for everyone to win on trading because trading is just transferring of wealth from one people to other people.

Many will surely lose if many already profit or someone profited big time because the liquidity on the orderbook of exchange comes from other traders and liquidity providers that aims to get profit too on their trade. Patience is really the key on trading but it’s important to remember that trading is a competition so you should be smarter to the majority if you want to be in profit that’s why investing is more beneficial than trading because you don’t need to compete but rather just wait to grow your holdings.

[Huppercase]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading.

Some people failed not because they lack patience, don't generalize everything with your opinion when you know that there are lots of factors that can make a trader not live up to there expectations. Some people don't really know what trading is about until they start it and one thing some of them don't understand is trading is but not as simple as we discussed it.

Many who have just learned one month to one semester they give up and no longer want to trade, please note that naturally fruitful trees are trees that grow with a long period of time so that they can bear heavy fruit and can provide benefits for both the owner or others.

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Just like I said, trading is like any other things that need your time, attention, your experience but time is the most required and lots of people don't have to give. Do you know that if you are addicted to trading, you might start having challenges of going outside frequently? You will like become an introverted person even if you afr not before and not everyone can give this for trading and hence the reason for reaching the aims and objectives.

Other things you listed are secondary, what I mentioned are primary.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

One thing about trading is that if you are not ready for it, even if you force it and you are not ready, it is going to yield nothing.
You need yourself to be ready. Learn things that you need to learn, get fund and utilize that basic to try your skills, you will improve with time if you continue like that because only by experience you can understand what trading is about and not by reading this, watching YouTube videos and Udemy videos, that's wouldn't help you so fast.

[iv4n]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning...

I think you answered your own question. There are many reasons why people fail to make a profit in trading, but probably the most common reason is a lack of patience. We all want to make a profit, and most of us want to make it as quickly as possible so we make mistakes. Been there and done that, when we hurry to make a profit we make a lot of mistakes, and in trading mistakes cost money. I lost a lot of money before I found what suits me and my temper, now I trade only with BTC and my trades are mid to long-term trades.

[mirakal]

A lot of traders end up losing in trading because they always see trading as a get rich quick, and when they experience the total opposite, they quickly resort into quitting, aside that they don’t have patience, they think that they have been deceived into trading. Their funds are just taken advantage, and if they still continue to trade, they might lose everything in the end and most probably left them homeless.

With this type of mindset, it’s not surprising that they will not succeed in trading. Even though these traders might be knowledgeable and skillful in their own ways, but the fact that their mindset is different from those successful ones, they will never achieve the goal of success no matter what, unless if they change and start to see the reality of trading, there might be chances that they will be successful in the end.

[Viscore]

I believe not all traders really know and understand how to trade. Otherwise, these failed traders won’t see theirselves walking out from trading and quit for good. If they don’t have the control over their emotions and their patience is not that high to control the situation, then obviously they will not become compatible with trading.

Learning trading takes time since it has a long way of process. For those who take the shortcuts, they might be profitable for short term but eventually they will face the struggles in trading. If they are not patient and knowledgeable enough, they will never sustain the risks in trading, and see theirselves as losers in trading.

[Games.Bitcoin]

The main reason for failure in trading is lack of patience. Because investing in anything you need to be patient. Turns out the market went bearish after you invested. And your investment becomes half of real wealth. Then the market is not going to grow easily. Then you have to be very patient for the next bull market to come.

[Dr.Bitcoin_Strange]

When a trader doesn't take their time to learn how to trade and develop a self-strategy that can help them to maximize profit, then they are entitled to losing more often in their trade. 

Personal Strategy can help a Trader make more Profit or end up with Loss in their Trade. So, one vital thing that a trader must learn is to develop their working trading strategy. It is not very wise to keep changing strategy when you are not yet familiar with any particular one. There are some traders who have the habit of using different strategies all the time, meanwhile they don't even have any particular strategy that they understand better. 


First, as a trader, before you can develop a winning strategy, you need to be consistent in learning and practicing that strategy all the time, until you master a particular strategy, don't deviate, unless you are having more loses with that strategy. 


Secondly, people fail in trade because of greed to make too much profit and therefore they apply a very high leverage instead of just applying a low leverage like 10x or 20x, which is recommended for inexperienced traders. 

Another aspect of greed that makes trade to fail in trade is when they have seen a huge profit in their trade position, but they still want to wait a bit longer to archive more profit. They could be waiting in that position and the market can just become volatile and they will still end up in loses. 

Lastly, weak emotion in trading can cause a trader to fail. Trading is not for any kind of person. Some people might be physically and financially okay to trade, but emotional weakness can cause them to make a wrong decision that can land them on loses. 

[yhiaali3]

Yes, rushing is the most common mistake in trading, the reason is that people generally believe that Crypto is the field of rapid wealth.
Most of those who start trading recently think that they will achieve quick richness immediately after a few quick deals without having a lot of trading experience.

My share of such people, you must learn first and gain sufficient experience in trading and then learn good strategies and persist in them in patience until achieving goals, patience is an important key to the keys to success in trading.

The loss is not the end, but the most important thing is to learn from the loss and learn how to rise from the loss and avoid the mistakes that occurred in it.

[ShowOff]

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

Learning and improving skills and knowledge is the main thing to become a successful trader. I'm not sure what I want to add for consideration for other traders who are on the verge of giving up, but the two things I mentioned above are the most influential.

In my oppinion, not all traders will be successful, some of them will also fail. In all types of work, this is a consequence and not all of us will succeed together. The strategy may be the same, but the results will definitely be different. I don't care what other people experience as long as they don't ask about it, it's their problem and we're not responsible for fixing it.

[batang_bitcoin]

It is okay to give up trading when you can't learn the charts and analysis. What you can do is to go the traditional way of being a holder. You're still a trader in papers but you're only going to do it when you're about to sell. That is okay when you understand that trading isn't for you and many are actually not making a lot of money there but instead, losing more money. And if you're one of those people, you're just trying to do something which is right and that's to revert that decision coming from a trader to being an investor.

[Rruchi man]

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

A trader should not seek the easy way to make money. As a new trader, there is the usual temptation to join a signal group, even some of your tutor will try to convince you to join VIP groups with fees for profit. First step to failing as a new trader is to join these groups and start depending on them because it is an easy way to make money from trading.

As a trader, you will not be able to build sustenance in the market like that, If you think that you can, that is your failure already waiting to happen.

[RewFrew]

After pandemic many people involved in cryptocurrency market. Some of them are trading with various crypto. Some of them are profited form trading and some of them are fail in trading. I think it happening for lack of proper knowledge anout trading. Many people involving in trading but don’t have any knowledge anout trading.Wtith small knowledge they starting trade and fail in trading and they losing his valuable fund for proper trading knowledge. So they are losing his valuable fund.