Why do many people fail in trade?

[pusaka]

I will say that one of reasons why people fail in trade is the lack of experience. And many are lacking enough experience, because each error is costly. It might not cost much to learn, entrance level is affordable for everyone. But each mistake hurt pride a lot, each mistake makes people to think about stopping, each mistake resets to zero all previous achievements.

There are several cases that I have encountered, that before they make a trade, they are so sure about the potential of the coin they choose. However, when they start trading, and the price of the coins they bought falls, they lose confidence and take CL steps to stop the losses in progress. However, I think very many traders lack confidence. However, if we talk about disadvantages, there will be many, but I often see this in new traders.

Actually, this is management that must be mastered, because in trading self-confidence is something important, but if our self-confidence is excessive then that is also not a good thing. Meanwhile, we don't have a measure of what can be called self-confidence and what we can call excessive self-confidence, because it is quite difficult to differentiate between them.
I agree that experience will make us better at trading, because with experience we can learn and we can make good decisions based on the experiences we have had in the past.
The knowledge we gain during our journey in this space will make us better able to minimize existing risks and indeed we can only minimize them without being able to eliminate them.

[Mahanton]

I will say that one of reasons why people fail in trade is the lack of experience. And many are lacking enough experience, because each error is costly. It might not cost much to learn, entrance level is affordable for everyone. But each mistake hurt pride a lot, each mistake makes people to think about stopping, each mistake resets to zero all previous achievements.

There are several cases that I have encountered, that before they make a trade, they are so sure about the potential of the coin they choose. However, when they start trading, and the price of the coins they bought falls, they lose confidence and take CL steps to stop the losses in progress. However, I think very many traders lack confidence. However, if we talk about disadvantages, there will be many, but I often see this in new traders.

Actually, this is management that must be mastered, because in trading self-confidence is something important, but if our self-confidence is excessive then that is also not a good thing. Meanwhile, we don't have a measure of what can be called self-confidence and what we can call excessive self-confidence, because it is quite difficult to differentiate between them.
I agree that experience will make us better at trading, because with experience we can learn and we can make good decisions based on the experiences we have had in the past.
The knowledge we gain during our journey in this space will make us better able to minimize existing risks and indeed we can only minimize them without being able to eliminate them.

And that mastery is something that could really be acquired when you do have that countless numbers of hours on involving or doing trading on which simply talking about experience because there's no way that you could really be able to have a good grasps towards the market if you are someone who doesnt really know on how to make yourself that dealing up with it on the first place.

Dont make yourself that being rushed up on the time that you would be doing trading because once you do have this kind of behavior then you are just basically putting up yourself on such trouble on which
we know that it isnt really something that too easy on dealing up with an unpredictable market on which we know that it cant be something that you would be able to have a good grasps on it directly.
You should really be wary and you should really be that sensible on the things thats happening. Dont make yourself that delusional because on the time that you do have that kind of confidence
then you might be ending up on being careless and this is something that you should really be looking into.

[Hopila]

Honestly,I will say one the reason people fail in trade.they genuinely fail to Seek Mentorship and Guidance:

I advise people to Consider seeking mentorship from experienced traders or joining trading communities where you can learn from others' experiences and insights. Learning from seasoned traders can help accelerate your learning curve and avoid common pitfalls.

trading is a journey that requires dedication, discipline, and a willingness to learn from both successes and failures. By embracing the process of learning and continuous improvement, traders can increase their chances of long-term success in the financial markets.

[Salmanbrembo11]

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.

In my opinion, one of the reasons why people fail in trading is that they misunderstand the knowledge conveyed or applied in the guidance and fail or carelessly carry out the trade, therefore they need better and more experienced guidance and often read what is said. applied to the trade

[Dewi Aries]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

And I think the only reason why there are some people who fail in any field is because they feel that there is no coercion or even threats from any party that forces them to be able to achieve success in that field, they feel that everything depends on themselves so in the end they think that they are unable to continue their struggle along with saying some other reasons as a form of defense. So everyone has the same opportunities but not all of them are able to utilize and dedicate themselves properly.

[GbitG]

Honestly,I will say one the reason people fail in trade.they genuinely fail to Seek Mentorship and Guidance:

I advise people to Consider seeking mentorship from experienced traders or joining trading communities where you can learn from others' experiences and insights. Learning from seasoned traders can help accelerate your learning curve and avoid common pitfalls.

trading is a journey that requires dedication, discipline, and a willingness to learn from both successes and failures. By embracing the process of learning and continuous improvement, traders can increase their chances of long-term success in the financial markets.

Hmm, that's true mate! 
I dearly agree with you that the reason for most people's failure in the trading department is that they have neglected mentorship. Although the basic case of trading is based on the same principle that knowledge is gained through experience, Despit if mentorship is the only way to gain experience, if not, how would people gain experience. So your point is absolutely correct that the first and basic point for trading is to be well educated and after that, to get experience, for designed experience you have to sit with those who are experts, that is, they give you the right education. They can tell you the implementation at the time, from which you can consolidate your knowledge by trying this thing.

[uswa56]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

And I think the only reason why there are some people who fail in any field is because they feel that there is no coercion or even threats from any party that forces them to be able to achieve success in that field, they feel that everything depends on themselves so in the end they think that they are unable to continue their struggle along with saying some other reasons as a form of defense. So everyone has the same opportunities but not all of them are able to utilize and dedicate themselves properly.

As people who are not yet prepared, both in terms of knowledge and mentality, of course when they experience failure in the trading they do will be able to easily leave trading in a state of loss and they will never try to correct the failure experienced in trading and what you say is true. Those who have been successful with the trades they have made have certainly experienced failure and they correct the mistakes they have made and try again until they are successful with the trades they have made.

Indeed, there are some people who have motivation like what you said, they have pressure to be successful in trading or something they do so they have to complete it well and they do it very calculatedly and have a good plan for the trading they do. and for some people who have many reasons for the failures they experience, of course they will never want to learn properly about the mistakes they made.

[Uhochi]

Many people fail at trading because they don't have backup funds to keep trading when things go wrong, leading to a quick exit from the market. To avoid this, it's important to:

✔ ️ Keep a separate money for trading that's not used for everyday expenses. This way, you can weather any market storms without going broke.
✔ Make sure you have a stable income source to cover your living expenses, so you're not forced to use your trading money.
✔ Build up enough capital before starting to trade, and make sure you have enough resources to get through tough times.

By applying these financial strategies traders can be better prepared to handle the ups and downs of trading and avoid financial trouble.

[Awaklara]

As people who are not yet prepared, both in terms of knowledge and mentality, of course when they experience failure in the trading they do will be able to easily leave trading in a state of loss and they will never try to correct the failure experienced in trading and what you say is true. Those who have been successful with the trades they have made have certainly experienced failure and they correct the mistakes they have made and try again until they are successful with the trades they have made.

from the situation of a beginner who learns trading and loses in the process of learning to trade. those who have the motivation to correct mistakes will certainly try again. as said there will also be those who end up exiting the trade with a loss. and there is another possibility, where the novice trader will continue trading without correcting the mistakes that have been made.
some novice traders are unaware of mistakes and what to fix. so just continue trading. it's like falling in the same hole. quite a lot of traders experience something like that. they consider trading like a lucky bet. If they continue, they won't get anything.

[Hamphser]

As people who are not yet prepared, both in terms of knowledge and mentality, of course when they experience failure in the trading they do will be able to easily leave trading in a state of loss and they will never try to correct the failure experienced in trading and what you say is true. Those who have been successful with the trades they have made have certainly experienced failure and they correct the mistakes they have made and try again until they are successful with the trades they have made.

from the situation of a beginner who learns trading and loses in the process of learning to trade. those who have the motivation to correct mistakes will certainly try again. as said there will also be those who end up exiting the trade with a loss. and there is another possibility, where the novice trader will continue trading without correcting the mistakes that have been made.
some novice traders are unaware of mistakes and what to fix. so just continue trading. it's like falling in the same hole. quite a lot of traders experience something like that. they consider trading like a lucky bet. If they continue, they won't get anything.

For those who do easily quit up then pretty much sure that it would really be into those people who arent serious on what they are dealing with specially on trading. Loses and mistakes are really indeed common
on which there's no one that could really be perfect in trading even if we do speak about those professionals or veterans into this market on which loses is something that part of it.

The notable differences in between people is that on how they do handle up the risks. It would be normal that we would be having that tons of mistakes with our first time. The important thing on here
is that you should really be accepting the risks and would really be able to adapt on what are the things that you might encountered. On the moment that you would be engaging into
this market then you should really be that preparing yourself about the risks involved and wont really be tending to get shocked on what you would be able to encounter because
if you are really that too positive and anticipating about making money then it would really be just that bringing out that huge disappointment.

[kawetsriyanto]

Yes of course knowing the right strategy of trading is not easy.  Here to know the right trading strategy you need to be very knowledgeable no one can acquire the right trading strategy with little knowledge. We who are trading on trading platform are mainly trading with guesswork we never trade with proper trading strategy. If we had acquired the right trading strategy and traded then we would not have lost in trading.

That's why we must always continue learning everything about trading, whether learning the theories or learning from the experience. Knowledge has a crucial role to determine the success in trading, we cannot take knowledge lightly. Without knowledge, it is impossible to use the proper strategy in trading and we have no way to analyze with lack of knowledge. However, having knowledge doesn't always guarantee for the success. Sometimes we may get losses due to the extreme change of the trends in crypto market.

Especially I am losing a lot on the trading platform right now because I made some profit from a few trades and jumped into trading more quickly because of which I am now in a lot of losses. I fully understood from here that one should never rush and be greedy in trading platform.

You get a good lesson at least. Sure, it is very bad if you become greedy and rush. In this situation, you won't think realistically. So, you may make a careless decision in your trading. I hope you can be a more mature and wise trader in the future. 

[Dewi Aries]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

And I think the only reason why there are some people who fail in any field is because they feel that there is no coercion or even threats from any party that forces them to be able to achieve success in that field, they feel that everything depends on themselves so in the end they think that they are unable to continue their struggle along with saying some other reasons as a form of defense. So everyone has the same opportunities but not all of them are able to utilize and dedicate themselves properly.

As people who are not yet prepared, both in terms of knowledge and mentality, of course when they experience failure in the trading they do will be able to easily leave trading in a state of loss and they will never try to correct the failure experienced in trading and what you say is true. Those who have been successful with the trades they have made have certainly experienced failure and they correct the mistakes they have made and try again until they are successful with the trades they have made.

Indeed, there are some people who have motivation like what you said, they have pressure to be successful in trading or something they do so they have to complete it well and they do it very calculatedly and have a good plan for the trading they do. and for some people who have many reasons for the failures they experience, of course they will never want to learn properly about the mistakes they made.

Yes, this means that they are most likely someone who did not first explore how difficult it is to become a successful trader by, for example, searching from various sources so that in the end they failed. I understand that everything has to be tried first to know and feel it and of course there will be quite a lot of events that might make you feel depressed or worried, but if you really have strong intentions and hard work then I think you will definitely keep trying and trying to make your dreams come true.

There is no problem with failure because I also understand that not everyone has the self-capacity that allows them to always accept new and complicated lessons, but that is what successful people do, they know about failure but they never give up and always make failure a valuable lesson so that over time they are able to realize something of their dreams, and the point is to never give up on learning and having a warrior mentality is the main asset.

[KeenanEl19]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

And I think the only reason why there are some people who fail in any field is because they feel that there is no coercion or even threats from any party that forces them to be able to achieve success in that field, they feel that everything depends on themselves so in the end they think that they are unable to continue their struggle along with saying some other reasons as a form of defense. So everyone has the same opportunities but not all of them are able to utilize and dedicate themselves properly.

Failure is something that is normal in any case, including in the world of trading. Maybe the failure that occurred was due to a mistake, whether it was a lack of understanding or a lack of knowledge that made them take the wrong steps, but that doesn't mean failure is the end of everything. because from these failures we can learn lessons to be corrected and not repeated in the future.

[Iranus]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

I have fought against the criticism that trading is a waste of time because most of the results from trading are losses, just because they fail at trading doesn't mean others will too. But that doesn't mean that when you see someone succeeding in trading, you think you can do the same thing as them. Because each person has different strengths, maybe that formula helps others succeed but you will never be successful when applying that formula, you need to remember that success cannot be copied.

In investing or business, failure is normal, and when you fail and choose a different path does not mean you are too weak. I'm not saying you should give up if you fail, but you should also reevaluate whether your choice was the right one and whether it's right for you. You need to make other choices instead of persisting until you lose everything. What I want is that the people who give up trading and choose to hold for the long term are not weaklings but they realize that they are not suited to trading and that holding is better for them.

[Kriptogram14]

Failure is something that is normal in any case, including in the world of trading. Maybe the failure that occurred was due to a mistake, whether it was a lack of understanding or a lack of knowledge that made them take the wrong steps, but that doesn't mean failure is the end of everything. because from these failures we can learn lessons to be corrected and not repeated in the future.

Actually it's not failure, but they don't really understand trading and they don't understand how it works, before starting trading it's best to seek knowledge first and understand how to trade well, trading is not as easy as we imagine, there are advantages and disadvantages, therefore learn Be careful about trading and seeking knowledge and experience is not easy and instant, there is a process, if we are patient and go through it all with a process, over time we will be proficient in trading.

[Mame89]

Honestly,I will say one the reason people fail in trade.they genuinely fail to Seek Mentorship and Guidance:

I advise people to Consider seeking mentorship from experienced traders or joining trading communities where you can learn from others' experiences and insights. Learning from seasoned traders can help accelerate your learning curve and avoid common pitfalls.

trading is a journey that requires dedication, discipline, and a willingness to learn from both successes and failures. By embracing the process of learning and continuous improvement, traders can increase their chances of long-term success in the financial markets.

Actually, trading doesn't need guidance because there are so many places to seek knowledge and learn in the digital era like now. The important thing is to want to study, study and use failure as evaluation material in choosing a trading strategy. However, if we receive guidance it will also be a plus because we will quickly understand and understand trading well and correctly. Even though we don't have a guide and follow a strategy, we must have our own strategy and do independent research before trading because of course everyone has their own strategy.

Many people who don't understand trading suddenly enter without sufficient knowledge, then fail, thus blaming crypto as a fraud. It's best to study first, join a demo account first, learning on various platforms and psychology is also important besides learning technically. In the end, it's all about mindset and knowledge, trading is logical, not just human psychology. Many have been trading for a long time and it's complicated, but continuing to learn is the basis of all business, including trading.

[Dewi Aries]

Actually they did not fail but were too weak so in the end gave up and left a huge loss, the logic is if there are some people who can achieve success in the world of trading then why can't you achieve the same thing? or why are there some people who fail? I understand that failure is common, but that doesn't mean you don't have a chance to succeed, meaning that a trader who manages to achieve success in the world of trading is those who never give up and always make failure as a lesson to get better.

And I think the only reason why there are some people who fail in any field is because they feel that there is no coercion or even threats from any party that forces them to be able to achieve success in that field, they feel that everything depends on themselves so in the end they think that they are unable to continue their struggle along with saying some other reasons as a form of defense. So everyone has the same opportunities but not all of them are able to utilize and dedicate themselves properly.

Failure is something that is normal in any case, including in the world of trading. Maybe the failure that occurred was due to a mistake, whether it was a lack of understanding or a lack of knowledge that made them take the wrong steps, but that doesn't mean failure is the end of everything. because from these failures we can learn lessons to be corrected and not repeated in the future.

Yes as you said that failure is a common thing that is experienced by everyone in any case and in any field, and this is also one of the reasons that if there is no failure then there will be no successful people. Forget about that and the point is that failure is not the end of the world, and if you stop at that point you are giving yourself a pass on giving up and making excuses in your defense.

Overall failure is something that happens because someone does something that should not be done, but however it is a natural thing that is done by someone who does not know what they should do, because however and in any case experience will always give us knowledge about everything new, and I think it is not uncommon to hear about the idea that "experience is the best teacher", meaning that there will never be such a thing as failure if someone never gives himself the slightest chance to give up, because successful people in any case or field including trading always last from people who initially failed, but they did not give up.

[Luizwalter Crypt]

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.

I think this is were most of us get it wrong.I think trading should not be taken as a get rich quick scheme but rather a process of accumulating steady wealth.
 It always fails us when we have the mind set of making it large at once.
I could remember when I read a book and I said to my self let me try this by funding very minimal amount of dollars as min as 12 to remain consistent with it and not to make money. I was surprised the result I had. I grew the 12 to 150 in just a week and took out 100 but the moment I started thinking about the money am really curious to make trading seeing that I now have capital to trade better I lost it all to the market and I couldn't win like I was doing no more.
I was trapped with my fears because I was risking more than enough which made me open to trading errors and that's how I stopped winning.
So my advice, let's rather build up a trading system that allows us remain consistent in the market than purpose in our hearts what we want from the market.
According to Mark Douglas "trading is a paradox" if you think of winning you loose and when you think of loosing you win;D