Trading blindly

[Brainnybtc]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

I have seen someone shorting a trade because he felt that the market has bought for a very long time, and when he did that, he was liquidated of the $30 he used in that trade because he didn't even know how or where to set his stop loss, so trading blindly is one major factors that cause losing in the market this days because when you know what you are doing, even if the market is going against you, you wouldn't panic as long as you use an amount you are willing to lose.

[Oshosondy]

Another reason of the cause of liquidation is the use of high leverage. What leverage did the person used? Or if the person is trading highly volatile coins that he supposed to just gamble with.

Another reason is the lack of patience. Most traders wants to make money money as fast as possible but they will be losing because of the lack of patience.

[2Pizza410000BTC]

Most people lose money in trading because they do not have proper knowledge about trading. I imagine from myself that when I trade, I trade completely depending on luck because I do not have much experience in trading. Due to not having much experience, I have to leave my trading completely to luck. And by leaving it to luck, you can never make much profit in a trading platform. However, I have not entered the futures trading platform yet. I entered the spot trading platform and traded there for a few days and I made some profit there, after which I made a huge loss which I have not been able to recover till now. However, most people lose money in futures trading platforms due to using high leverage and not having proper trading experience.

[tvplus006]

...they just enter a trade blindly hoping it goes their way...

This is similar to how casino players place their bets, hoping for luck. But in this case, sooner or later, he will lose his deposit, just as casino players lose their money. Without a basic knowledge of trading, it makes no sense to start trading, as you will simply lose your money.

[Alphakilo]

Anyone jumping into trades trades without a plan, strategy, or any risk management strategy should not expect that they will make profit by any luck. At first you have stacked the odds so high that you stand no chance of profit even by a little margin.

You can't even hope your self to making profit.

You must be an intentional trader. And one of the hallmarks of one is that you possess high emotional intelligence.

[Lanatsa]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

I have seen someone shorting a trade because he felt that the market has bought for a very long time, and when he did that, he was liquidated of the $30 he used in that trade because he didn't even know how or where to set his stop loss, so trading blindly is one major factors that cause losing in the market this days because when you know what you are doing, even if the market is going against you, you wouldn't panic as long as you use an amount you are willing to lose.

When you are diving with trading or any other venture or career that you would be trying out to take, then its always been that recommended that you should be knowing on what you should gonna do. You can't just that put up yourself into a situation on which you do make out some engagement on which it ends up that you dont have any idea on what you've been doing. In regarding about into the example above on which making up some positions purely based by intuition or instinct then you are just that basically doing gambling because trading isnt something that you can rely with those random entries. Even though there's no such thing about 100% precision but it is that totally different or another story when you are making up some trades on which basing up with having those analysis that has been applied in comparing into those trades that you do just that purely putting up some position without any basis. You would be finding it out or will be having those realizations later on.

Trading skills isnt something that you can be able to learn in a short time period. There's no way that you can be able to ignore out the risks level when doing up on trading on which the risks involved isnt something that you can be just that simply not to think up that much because if you cant be able to bare up with the risks then its better not to trade at all. If you are making up some gambling like kind ofapproach then you should be doing gambling game in the first place. You should trade on having that preparedness or having that kind of readiness on which you cant just that make yourself that dealing up with it without preparations because you are just that basically wasting up your money on that case. It might take up that long or tons of trials and errors along the way on learning it, but once you do have that good grasps into it then you would basically be able to have that opportunity on changing up your life in terms of financial condition or capability.

[Mrbluntzy]

If it's someone that can take advice from you, tell them to learn how to trade, let them learn the right strategy and pattern to use, otherwise this is not going to be the last time they will be liquidated. Some highly experienced traders do not get liquidated because they place their stop lose in the price level where they already know how much lose they will have when the price touch their stop lose.
If that person can listen to you, let him or her go and learn more about trading before putting their money.

[Pandorak]

Trading is not something easy because it has a high level of difficulty, knowledge is the main basis that must be owned, flight hours also have a big influence on position entry and trading psychology, then careful preparation is needed before deciding to enter the market, it is highly recommended to really understand the potential of the token to be purchased, see tokenomic, whitepaper, etc.

Technical analysis is the most important thing to master when you want to trade, with technical analysis you will know when is the right time to enter the market and when is the right time to exit the market, usually a trader does not take long to close a position, maybe around a few hours, at most a few days, depending on what type of trader you are.

Leverege also affects, imagine that you are tired of analyzing from technical or fundamental, but in the end you are unable to control emotions, the euphoria of wanting to get rich in a short time makes you forget about the potential risks that will be faced, so it is not uncommon for a trader to get out of the trading plan that has been made before.

[Japinat]

Greed is the main reason why traders are pushed to trade blindly. Because they have seen other traders are in profits, so they also want to experience the same, not knowing that trading without knowledge and preparation will only lead you to greater losses, seeing yourself in profits will just remain a dream.

Trading is a faster way to make you rich, but trading blindly will certainly lead you to get broke and even homeless. That’s why one should apply high caution once a person aims to enter trading.

[Zaguru12]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

Nothing can actually stop the losses one can experience in trading because even the best of traders or most successful traders usually faces lose too but this loss can be calculated and be controlled to some minimal extent by a very good trader such that they don’t even face liquidation. It is those traders that enter the market blindly without any knowledge that usually losses or all their money to liquidation. This people to me shouldn’t be regarded as traders but rather should be called gamblers as that’s what they are.

This your example is mostly about those who trade newly listed coins which are mostly airdrops, there are individuals who simply wait for the listing of such coins and simply short most especially if the airdrop didn’t do well with their allocations, and this kind of trader usually get liquidated because it was a weak trade signal,

[Brainnybtc]

Another reason of the cause of liquidation is the use of high leverage. What leverage did the person used?

He was using leverage actually, and he was trading pepe/usdt with a 10x leverage, I never knew that he knows nothing in trading in the first place, it was when I started asking him certain question a trader must know, that's when I knew that he knows nothing about trading, he just dived into trading blindly.
I just hope that most traders  learn that trading blindly is a very big financial mistake that should be avoided.

[BitMaxz]

He was using leverage actually, and he was trading pepe/usdt with a 10x leverage, I never knew that he knows nothing in trading in the first place, it was when I started asking him certain question a trader must know, that's when I knew that he knows nothing about trading, he just dived into trading blindly.
I just hope that most traders  learn that trading blindly is a very big financial mistake that should be avoided.

He thought that he could get rich quick just by trading Pepe with 10x leverage. That's too risky when it comes to other coins or tokens like Pepe that are too volatile without the proper risk management, you will end up liquidated.
If you are blindly and randomly take position on the chart without proper analysis, that's a gamble. He should need to start learning the market first since he doesn't have any knowledge yet. I'd like to suggest he learn it first with paper money. Learn price action, chart structure, and, most importantly, risk management and emotion, and don't forget to learn from mistakes because that's the thing you need to avoid trades if you encounter the same price action.

If you'd like you can bring your friend on this guides below I'm sure all he needs is already there

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://github.com/learn-crypto-trading/learn-crypto-trading.github.io/blob/master/_posts/2019-02-05-chart-patterns.md

[ndutndut]

...they just enter a trade blindly hoping it goes their way...

This is similar to how casino players place their bets, hoping for luck. But in this case, sooner or later, he will lose his deposit, just as casino players lose their money. Without a basic knowledge of trading, it makes no sense to start trading, as you will simply lose your money.

Yes, that's right. Trading without knowledge and without good analysis is the same as gambling, let alone trading blindly without a strategy, just relying on luck and praying. Trading is complicated, without analysis, without a strategy will make you bankrupt. Many beginners who trade carelessly but get profit, but because they think trading is easy, they end up trading blindly but in the end will lose everything.

Indeed, sometimes when trading there is luck too, especially when the moment we enter is right, but it cannot be controlled because you need knowledge and strategy in trading. Why do people trade blindly? One reason is because they have experienced good fortune so they hope to be able to do it again, even though the problem in trading is not in the market, but in how to start it. Don't just enter without a clear foundation of knowledge.

[Russlenat]

The title of the thread already answers the question - trading blindly. That’s the main reason people lose. It’s no different from gambling on random outcomes, and in the long run, the trading fees alone will drain your funds.

Yes, trading can be more profitable than gambling, but it’s not for everyone. It requires knowledge and discipline. If we don’t understand what we’re doing, we’re just guessing. But if we take the time to learn and build our skills, then maybe we have a chance to actually last in this space.

[Ziskinberg]

Those who rush into trading without sufficient knowledge and skills, and have not even prepared some good strategies are obviously those who are trading blindly. And since they have no idea how risky they are doing, they end up losing and messing up all their money.

But, everything can be learned in trading. If you think you have been experiencing too much losses in these past few days, maybe you are trading blindly, or you haven’t mastered yet your potentials in trading, so just keep your patience when learning.

[Queentoshi]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

I have seen someone shorting a trade because he felt that the market has bought for a very long time, and when he did that, he was liquidated of the $30 he used in that trade because he didn't even know how or where to set his stop loss, so trading blindly is one major factors that cause losing in the market this days because when you know what you are doing, even if the market is going against you, you wouldn't panic as long as you use an amount you are willing to lose.

You cannot trade on hope or trade with hope alone. Real traders possess real knowledge of the market and have invested a lot of their time studying the charts for observations. If you are a new trader in the market and think that you could just make trading decisions without any analysis or knowledge, your decision is just more of guesses, and they will most likely end wrongly and unprofitable for you.

If a group of friends all stat out to learn trading, not all of them will be successful at the end. and the reason is simple, because not all of them can remain dedicated to learning or even have the courage for practice of what they have learned.

[sheenshane]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

Trading blindly for me seems like you gamble against the house edge, it's clear that you are relying on luck, not your skills.  As traders, we should avoid trading based purely on feelings or assumptions like “the market has gone up too long.”  Create a defined plan with entry and exit criteria based on analysis, not emotions.

Always keep in mind that protecting your capital by setting stop losses before entering a trade is a better idea which as knowing where and how to set them is important to limit losses and avoid total liquidation.

[Botnake]

Traders who are still in the phase of committing consistent mistakes and losses are not actually trading blindly. They have the idea about trading, but they lack the essential knowledge and skills that will make them good and reliable traders. And because of their greed for profits which they can’t control well, we are all greedy actually, that’s the reason why they keep losing in trading.

[Jewan420]

Most people lose money from trading because they have no knowledge about the risks of trading. It all starts with the lure of making a lot of money and the propaganda of some social media influencers. Most influencers use social media for their own benefit to promote that they have made a lot of money from trading and that it is very easy to earn from trading. They even don't forget to mention the use of their referral code.

In this case, some people are so stupid that after doing a little research on trading, they consider themselves professional traders and start trading with money. As expected, they lose their entire money.

[joeperry]

Do we all know that most of the real causes of losing in trading is because some traders have little or no knowledge on trading or what they are doing in the market, they just enter a trade blindly hoping it goes their way, and when it starts going against them they start praying.

Not only that, one of my colleague who claimed to be a profitable trader not only trying not to understand the market but rather would find a way to justify what he wants the market to be, for instance he wanted the coin to go up and he is going to take a look at different patterns that will fit in a certain timeframe and claim it will go up and we knew that it doesn't work that way, you're supposed to understand what the market is currently doing, wait for right time and see what is the market is trying to say before placing a strategic long/short position.