Why do many people fail in trade?

[DVlog]

Many people think that it's easy to buy low and sell high but when it comes to the real market they find that its extremely hard to get a perfect bottom to take entry. This is impossible to take entry at the bottom we need to make strategy to work things done where we can still make profit even we failed to get a better entry. New traders don't understand or wanted to work on this. They tried to find how others are making profit and wanted to use that for themself which doesn't work most of the time.

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[YOSHIE]

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.

Everyone who wants to carry out crypto trading activities of course knows the risks and the crypto assets being traded can fluctuate in value, this can happen to the holder at any time, of course this can make traders successful or fail.

As for Traders who lose and fail, many of them trade in a bad emotional state, this factor is that they will chase losses and repeat the same Traders, they don't want to accept losses and in the end it happens again.

For this reason, if you want to trade well, do it by having a trading plan journal such as good information, planning and also emotional for the traders themselves, this is useful in the learning stage and reduces the risk of losses and initial mistakes not being repeated.

[Mauser]

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.

In my opinion the biggest problem for people starting out to trade is their unrealistic return expectations. I am not really sure where it's coming from, but somehow there is a believe that you can make very high returns in trading in a short time. Which definitely true, but you need to take a lot of risk to achieve those returns and there is no guarantee to actually get your money. Step one for any beginner in the trading world should be to acquire all the necessary knowledge and slowly gain trading experience over time. There is no need to rush anything, there will always be new trading opportunities around and we can take it slow. FOMO might seem like a real issue, but it's not and we shouldn't fall into that trap. Starting small and not commuting all our capital at once should help a lot to reduce the initial losses in trading.

[bettercrypto]

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.

Until now, there have been many of our fellow traders who are not patient and are not consistent in what they are learning here in crypto trading. I hope they will listen from time to time to what some of our colleagues here are saying when they give advice or tips. which will actually benefit them too.

All I can say is that in order for them not to fail in their trading, they should really just feed themselves with knowledge about the basic rules of trading here in the crypto business industry that we belong to.

[Sim_card]

Trading is not as easy as we think but I'd you want to learn trading, then you must give it enough time so that you can learn gradually because trading deals with so many factors like technical analysis, fundamentals analysis, risk management, reading charts and lastly emotion. This is why it is good that you have experience in the market after you have known the theorical aspect of it. Only use the money that you can afford to lose to practice trading and learn from experience. A lot of traders cannot be patience to learn and know the strategy that will help them make profit. Don't think that you can make profit easily from trading that has a high risk of you losing all your funds.

[BitcoinTurk]

I think the reason why many people fail in trading is because they think they can get rich very easily and quickly by trading. For this reason, investments made without any research often lead to problems such as not meeting expectations in a very short time, not knowing how to be patient, not managing capital well and as a result cause that person to face failure. On the other hand, many people especially those who trade in cryptocurrency markets make risky choices to earn more as well as using high leverage to maximize this risk ratio which is among the factors that cause failure.

So, basically I can say that the reason why many people fail in trading is the dream of making very high profits very easily and quickly. As I mentioned, this causes the person to be affected in many different ways and always loses through a series of mistakes. Anyone who sees trading as a means of making simple and fast money is doomed to lose money and unless he/she changes his/her mind, he/she will build on his/her mistakes, repeat them and continue to lose.

[puloweh555]

Regardless of what you say. In my opinion, trading is about mindset and knowledge, trading is logical, only human psychology is illogical. Trading is indeed complicated, but if you keep learning and continue to use every mistake as a lesson, I think you will be able to overcome failure in trading.

So whether traders want conventional trading or whatever, the point is that in this world no one is successful instantly, the important thing is to be willing to go through the whole process, be patient and learn. What's the use of knowledge itself if you don't want to learn? Eliminate the word instant in any field, including trading.

[GeorgeJohn]

What trading needs is consciousness and concentration, sometimes what triggers some people think that they have failed in trading is due to their inappropriate and inability to exercise patients and learn the concepts of trading without wasting of time, secondly, I notice that may people always been curious of trading without knowing the implications or bearers of trading..in trading you have to know the basic concept of trading for the first time before you can venture into trading, what I notice in trading is that it needed a continuous practice and also advocate enough time to concentrate so that you will not be a victim of losing your capital in your trade

[Lantind]

Many people think that it's easy to buy low and sell high but when it comes to the real market they find that its extremely hard to get a perfect bottom to take entry. This is impossible to take entry at the bottom we need to make strategy to work things done where we can still make profit even we failed to get a better entry. New traders don't understand or wanted to work on this. They tried to find how others are making profit and wanted to use that for themself which doesn't work most of the time.

That's right, it's true that some people think like that, so you can be sure they don't really understand trading well and how to make a profit from trading. If that's the case, of course there are a lot of people who have just started trading who will become successful from the trading they do, we we cannot know when the price will reach its lowest point if we cannot analyze the market well and even those who have a lot of experience are still learning trading so as not to make mistakes and if we make a mistake in deciding to trade we must be able to correct it so we can repeat it again on the next try.

Some people who are new to trading and immediately try to trade without having good knowledge in trading, it would be better for them to postpone their plans first and seek knowledge first about trading and don't just listen to other people about being able to make profits easily in trading. So we will continue to try to get these profits without any knowledge about trading, so this is a mistake made by beginners who will lose their money on their first trade.

[doomloop]

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.

Not only trading, you can't do anything properly if you are in a rush to finish it so that you can get some benefit out of it. The result will always be against your desires and expectations because you didn't put in enough effort to make it work the way you wanted it to.

Most people who come to know about trading, cryptocurrency trading in specific, think that it's a quick way to earn money, and they think this way because they see some people showing their earnings and profits and they think they started yesterday and are earning a bunch of money today which isn't the case.

One needs to understand that mastering a financial market is not as easy as drinking water, and one needs to spend months or years, learning everything so perfectly that one can be able to earn money through it effectively.

[carlfebz2]

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.

•Impatience
•Greed
•Self control
•High expectation/Unrealistic goals
•Wrong assumptions

Trading skills isnt really that something that you could really be able to obtain overnight and this is why it would really be just that right that you should really be working hard to learn it.
Its not something that you could be able to obtain in a short period of time. People should realize that and wont really be that ending up on desperate.
This is something that people should really be able to overcome. Failing isnt something shocking but making yourself way more better
is something that you should have in mind because if you are really that serious on hovering yourself into trading field or this crypto market then it is
really just that right to do so.

[Myleschetty]

Haha, OP a straightforward answer because people take trading a world to fulfill their fantasies and luxuries and they fall into the wrong path of journey so they destroy themselves = fail.

Agreed, the frame of mind of some cryptocurrency traders is the reason why they failed but I think some of the social media influencers especially on Twitter have a role to play in the reason why this happened to some traders based on what the Tweeted which was seen as financial advise by some traders.
Meanwhile, I am glad that you make it through when you're on the same road.

[Natalim]

Aside from those things that have been mentioned already, many traders expect too much from themselves which is out of reality. Overconfidence brought some negative results. Many traders think that once they know TA, reading charts, etc...they already think that they can do everything and earn huge profits without thinking about how volatile is the market. Even though we have all of the things needed, still no assurance to win. And when they fail their expectations, they just give up. Those who rush for success always end up failing.

[_BlackStar]

Regardless of what you say. In my opinion, trading is about mindset and knowledge, trading is logical, only human psychology is illogical. Trading is indeed complicated, but if you keep learning and continue to use every mistake as a lesson, I think you will be able to overcome failure in trading.

It's not as easy as you say - but trading is not as complicated as you say. Traders only need to know simple ways to profit from trading - even if you rely on fundamentals you can still make a profit. You don't need to be an expert to profit from trading - but in practice traders who lose money are those who are too greedy and expect a lot of profit without a good consideration of risk.

Trading with high leverage is an easy path to losses - even if influencers everywhere say it's the best way to make quick profits. There are advantages and disadvantages - the greater the risk of loss, the greater the gain. Trading futures is not a safe choice for beginner traders - spot is a better choice for them.

[AmoreJaz]

Regardless of what you say. In my opinion, trading is about mindset and knowledge, trading is logical, only human psychology is illogical. Trading is indeed complicated, but if you keep learning and continue to use every mistake as a lesson, I think you will be able to overcome failure in trading.

It's not as easy as you say - but trading is not as complicated as you say. Traders only need to know simple ways to profit from trading - even if you rely on fundamentals you can still make a profit. You don't need to be an expert to profit from trading - but in practice traders who lose money are those who are too greedy and expect a lot of profit without a good consideration of risk.

Trading with high leverage is an easy path to losses - even if influencers everywhere say it's the best way to make quick profits. There are advantages and disadvantages - the greater the risk of loss, the greater the gain. Trading futures is not a safe choice for beginner traders - spot is a better choice for them.

if you are in trading, it means, you are prone to both sides, gains and losses. now, it is up to you how are you going to manage your funds in order to lessen your losses, and that would take experience and skills. if you happen to jump on this without doing your due diligence, you can easily liquidated as this market is a very volatile one.

high leverage can possibly make you quick profits but should not forget that it can surely liquidate your position so easily if you are not careful about it. a lot of people are failing on this route because for one, they are not truly prepared or oriented on this market. most are just following the hype and someone else's prediction. do you really think most traders know the reason why a certain alt is suddenly increasing? i bet most of them are just taking it from hearsay and not doing the digging of educating themselves about the actual developments of the project. 

[boyptc]

Consistency is hard to maintain if you're a trader. Honestly, I am seeing a lot of trader influencers that have popped like mushrooms sharing their gains at most times.

But behind it, they are for sure have a lot of losses and their big gains are the ones that's being shared to their audiences. And I think with that, there's no one that can ever skip failing as they trade.

Embrace the process as it's part of your growth if ever you choose the path to grow as a trader.

[so98nn]

Yeah pretty much going in the wrong impression of “knowing to trade” is risky factor here. Most of the peeps think trading is simply buying and selling stuff around an exchanger. However, there goes a lot of things in between those buy and sell circles. The trader needs to be studious about it, they need to keep learning their trades on everyday basis. If the positions are long term then they need evaluate everyday patterns along with its future predictions.

Si, its not really as easy as it is typed inhere. Even slightest error in the evaluation a trade can fail or sometimes even though the prediction was correct a position might fail due to early actions of trader!

[tvplus006]

It is very difficult for a beginner who does not have enough experience in trading to understand the true reasons for his failures, since not everyone can accept the fact that all failures are the result of his wrong decisions. And until he can analyze his losing trades and understand their causes, he will not be able to trade profitably.

[Botnake]

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.

In my opinion the biggest problem for people starting out to trade is their unrealistic return expectations. I am not really sure where it's coming from, but somehow there is a believe that you can make very high returns in trading in a short time. Which definitely true, but you need to take a lot of risk to achieve those returns and there is no guarantee to actually get your money. Step one for any beginner in the trading world should be to acquire all the necessary knowledge and slowly gain trading experience over time. There is no need to rush anything, there will always be new trading opportunities around and we can take it slow. FOMO might seem like a real issue, but it's not and we shouldn't fall into that trap. Starting small and not commuting all our capital at once should help a lot to reduce the initial losses in trading.

That is the mistake that beginner traders are doing, they won’t start trading at a small amount thinking that it could be a waste of time trading small amount and gain small profits as well. If they can be profitable with trading, then they should seize the chance while it’s still possible. That’s the reason why a lot of newbies these days are failing in trading because they are often lead by their greed and emotions, without realizing that trading will only work and become profitable if you have gained all the knowledge and skills that it needs, which I think newbies clearly are lack of knowledge and learning skills.

[gabbie2010]

Truly many newbies in trading always think that they had finally achieved their aim of being profitable after some few learning days of trading thus with some little practicing and carried away with some few profits not knowing that trading is not a child play it requires through learning to acquire the vast knowledge required to become profitable even experience traders continue to learn everyday infact experience and profitable traders always recount their stories of how they blew so many accounts when they started trading but not never relent of course they were determined to be successful in trading that is why persevere and continue to learn and practice consistently before they were able to achieve their aim