They are not making money but they continue to trade

[hafiztalha]

Those that gambles are always funny of finding excuses there and then on who to blame when ever they losses money, so if on the process of trading and once they experienced losses, patient is seen as an excuses to cover up their ignorance, i just want to ask this general question, what if a gambler has been monitoring Bitcoin price in the market and on process of monitoring he slept off because he couldn't stay awake and woken up in the next morning and noticed that all his money is gone, so in such scenario, will that gambler blame himself for sleeping off or is it still not being patient enough.

I think the sleeping example shows that it's not relevant to say it's all due to patience.

When someone loses, it's all capital now the real question is why he has exposed so much bigger money to the market that, in one move, the whole account can be wiped out, instead of blaming patience. A normal person can not stare at charts every second, so relying on keeping ourselves awake is not a good way to manage risk. The same goes for trading not all losses are due to our impatience and it is because a trader can't stop them all. Sometimes market moves unexpectedly. Identifying the actual reason is the important thing instead of blaming patience.

[Junii]

Yeah i also agree with that actually entering in a market as a long term investor feels safe because if we see the performance of bitcoin historically it gives good returns without doing a lot of research and marking trendlines and waiting for support or resistance so that is why i also prefer to be a long term investor but for a long term investor another source of income is also needed because if someone has another source of income he will not worried for bills and also in emergency he wouldn't have to sell his holdings as well.

[Jaycoinz]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

[Iranus]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

Another misconception I see a lot is that people figure if they put in enough time and money to learn trading, and pile up enough knowledge and experience, they'll automatically start making money.

But it doesn't work like that. Knowing more and having more experience may help you risk management but it will not always make you right or profitable.

Trading isn't like a 9to5 job where you work hard and get good at what you do , and eventually it will pay off. There is no surefire formula for success ,  no matter how many years you spend learning the ropes.

[Achalugo BTC]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

Exactly. Principles are meant to  guide traders in understanding how trading works and  help them to minimise their losses. That's why, for someone to become successful trader, they ought to understand and follow principles that govern trading. This helps them know the right things to do and when to do them. It also helps them avoid unnecessary mistakes that could ruin their plans, and develop a negative mindset  towards trading, and make them lose control of their emotions. It is important to understand that there is no easy way to succeed in trading other than following the right steps, especially because the market is constantly fluctuating.

[Iamgoat]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

You are very correct but I think it's also only fair then they are told the reality and truth about trading. Unlike many newbies and beginners who come with the mindset of sweeping all the profits off the market as if they are gambling and winning odds here and there. But when their mindsets are prepared towards the possibility of winning or in some cases outsmarting the system, then they are most likely to fail and fail more instead of winning. That failure is mentioned often times does not mean one will lose his money into trading but only means as a trader you should not neflrcg the possibility of losing and should trade more with caution and carefulness.

[Pressurizedem]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

You are very correct but I think it's also only fair then they are told the reality and truth about trading. Unlike many newbies and beginners who come with the mindset of sweeping all the profits off the market as if they are gambling and winning odds here and there. But when their mindsets are prepared towards the possibility of winning or in some cases outsmarting the system, then they are most likely to fail and fail more instead of winning. That failure is mentioned often times does not mean one will lose his money into trading but only means as a trader you should not neflrcg the possibility of losing and should trade more with caution and carefulness.

This is what get us trapped into the system, we always have the assumption that one day, we will sweep them off their money, that we'll win very big, this thoughts keeps coming to our head repeatedly and that is exactly what pushes people to trading, but at the end of the day, you lose the little you have. It happens to me in gambling sometimes, the moment you have money, what goes to your head is to trade and win immediately, to cover your lost money, but unfortunately, you will still lose that money and end up with nothing. This is a simple reality that we encounter.

In the quest to get more money, we lose  more money, and when you are broke, you can't say you won't take risk, risks that will end up making you a debtor because sincerely speaking, since I started gambling, I haven't really won big before, but I still gamble with my last penny, which isn't good for me. We lose money, but we don't know how to stop. It is really appalling to be in this kind of situation.

[LOVER BOY 422]

Why are people losing in trading but they find excuses that it is because they are not patient, not following their rules and just a little correction should be done. After few months passed, they continue to lose but they still give an excuse or excuses.

Why are they saying trading is profitable but it is not showing in their lives like people that just do not bother but patient and make money from holding.

They will say trading requires patient but are they patient when they want to earn money always within few hours daily.

In as much as trading is 100%gambling that doesn't means that they don't make progress and profit from it, is just like when you gamble some make money in gambling why others fine it hard to make progress in it.

So that's how trading is , we all say and believe that traders lost because of the believe we have in mind that trading is 100% gambling but don't doubt when you have patients and pass that gambling stage , all your trading will be profitable all true.
Just because of impatient is what always make traders  to loose, because of greed, they want to hit big , without having that mindset that they are still in the gambling stage before you know it they lose.
That's why traders lose more than we expected 

[CucakRowo]

In as much as trading is 100%gambling that doesn't means that they don't make progress and profit from it, is just like when you gamble some make money in gambling why others fine it hard to make progress in it.

So that's how trading is , we all say and believe that traders lost because of the believe we have in mind that trading is 100% gambling but don't doubt when you have patients and pass that gambling stage , all your trading will be profitable all true.
Just because of impatient is what always make traders  to loose, because of greed, they want to hit big , without having that mindset that they are still in the gambling stage before you know it they lose.
That's why traders lose more than we expected 

First off.. call trading gambling if you like, knock yourself out. Doesn't change the fact they are two different thing tho.

Second.. not every loss is because of impatience,  greed. You can be as patient and disciplined as they come and still get burned if strategy's wrong or timing's off.

Third.. even if you tick every box a pro trader ticks, nothing says you will end up in profit. You can do everything right and still lose, cause nobody can predict the market. Welcome to trading, I guess 

[Olatundespo]

Why are people losing in trading but they find excuses that it is because they are not patient, not following their rules and just a little correction should be done. After few months passed, they continue to lose but they still give an excuse or excuses.

Why are they saying trading is profitable but it is not showing in their lives like people that just do not bother but patient and make money from holding.

They will say trading requires patient but are they patient when they want to earn money always within few hours daily.

They need correction in this regard because they are becoming psychologically hardened by seeing others making profits. If you analysis the mentality of these traders they are only trying to imitate other traders but there is a huge difference with them.

In terms of capital or in terms of strategy application or in terms of patience. A new trader will think that he has a lot of capital and he should get profits but this idea is not correct at all. You have to learn about trading for many years. Despite that many experienced traders do not get the desired profits. They find excuses because they are not able to make profits because they are not in tune with the market volatility.

Holding for the long term is the best way for an investor to learn. To practice patience and to know the methods of making profits because you have to be here for many years and learn to understand the sentiment of the market.

[Webutxo]

First off.. call trading gambling if you like, knock yourself out. Doesn't change the fact they are two different thing tho.

Second.. not every loss is because of impatience,  greed. You can be as patient and disciplined as they come and still get burned if strategy's wrong or timing's off.

Third.. even if you tick every box a pro trader ticks, nothing says you will end up in profit. You can do everything right and still lose, cause nobody can predict the market. Welcome to trading, I guess 

There are somethings that you look at and you just see them as opinion rather than fact. Trading is not gambling and it will never be gambling. If trading is gambling for years, I don't think it will be so regulated and protected at the same time. Trading is one of the biggest profession that has gained institution support in many ways and it's because they are attributed to government stock, they are responsible for up and down of government and institutions stocks.

You can act as a gambler and be trading and you can act as a real trader and trade like a professional person. If you trade as a professional, you are going to make small loss and make more of profits. While if you gamble as a trader, you can make money from trading and you can lose everything you have as a trader, it's that simple. Only greed will make a trader becomes a gambler and usually, it doesn't end well.

[Decimetre]

First off.. call trading gambling if you like, knock yourself out. Doesn't change the fact they are two different thing tho.

Second.. not every loss is because of impatience,  greed. You can be as patient and disciplined as they come and still get burned if strategy's wrong or timing's off.

Third.. even if you tick every box a pro trader ticks, nothing says you will end up in profit. You can do everything right and still lose, cause nobody can predict the market. Welcome to trading, I guess  

There are somethings that you look at and you just see them as opinion rather than fact. Trading is not gambling and it will never be gambling. If trading is gambling for years, I don't think it will be so regulated and protected at the same time. Trading is one of the biggest profession that has gained institution support in many ways and it's because they are attributed to government stock, they are responsible for up and down of government and institutions stocks.

You're even making it more complicated. Is trading truly regulated differently than that of gambling? Same way gambling sites advertise age barrier of sometimes 18 years, it is also advised that only adults should go into trading which implies also age of 18; same reason to be able to bear losses.  Trading is not different from gambling because it is a game that you are not sure what the outcome will be. I know that some people seem to have mastered the art of trading but it still doesn't make it a safe deal to trade carelessly or anyhow. Even the institutions that have gone into trading also lose money in trading because if trading becomes certain, every one will trade with the highest amount to maximise profits.

You can act as a gambler and be trading and you can act as a real trader and trade like a professional person. If you trade as a professional, you are going to make small loss and make more of profits. While if you gamble as a trader, you can make money from trading and you can lose everything you have as a trader, it's that simple. Only greed will make a trader becomes a gambler and usually, it doesn't end well.

I will only say that you are confusing yourself because trading like a gambler and trading like a trader has no difference. At the point of addiction as a trader your attitude becomes similar as your own definition of a gambler. Trading is trading and trading is also gambling. Same way you think some people are professional traders, there are people that claim to be professional gamblers and the both of them share two things in common which is Addiction and Losses.

[puloweh555]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

Those who keep trading even without making money often get caught up in the misunderstanding that big losses are just part of learning. In fact, the right understanding is the opposite big losses can actually wipe out your capital and morale before you even gather any valuable experience. So by sticking to basic principles like strict risk management, using small capital and disciplined adherence to your plan you can limit losses to a manageable level while still learning lessons from each trade.

Losses in trading are indeed a normal part of it, but what sets surviving traders apart is the ability to learn from small mistakes without having to pay a high price. This mindset helps someone stay focused on the process, gradually improve their strategy and of course, build long-term consistency. That way, the chances of eventually making a profit become much more realistic compared to those who keep learning through losses.

[Shinpako09]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

Speaking of misconceptions, when newbie traders watch too many trading influencers on social media, that's when they start dreaming instead of taking notes on what others do on their journey. All they think about is making a profit, even dreaming of becoming millionaires already. As a result, they rush their trades. Whether you are a newbie or not, winning daily in trading is impossible.

Instead of aiming to win daily, they should look at their monthly stats instead. If at the end of the month you are in profit, that's good already. Don't mind those losses because they are part of trading, and no one can remove them.

[LUCKMCFLY]

But it doesn't work like that. Knowing more and having more experience may help you risk management but it will not always make you right or profitable.

This is the reality: sometimes knowing more is just that knowing more. As a trader, you always use what works best for you. If we have the vision to see many things, then we're gifted; we have a unique understanding of trading. But generally, knowing more means applying more, and doing that is difficult because there are so many completely different scenarios. Things can be very hard to see. Sometimes the charts don't tell us much; volume does, but we must have a balance. Because if there are more strategies, there must be that risk. Are we willing to risk more?

[Jasmyne]

Making profit from trading is not really easy but one misconception about trading most beginners have is that in order for you to make profit from the market you must first of all lose a lot, it seems logical but it's not really accurate. You don't have to lose amount that's worth a fortune to understand trading, Even as a beginner if you follow the basic principles you can be able to minimise your losses.

From the little knowledge I have  in trading, when you are chasing profit you encounter losses also that doesn't mean you have to keep losing for you to make profit in some days you can make profit and not have any loss also in some days before you make any little profit you must have lost an amount that is equivalent to what you profited the previous day. There are very good traders out there who make fortunes daily from trading because of the amount they use to trade but they also encounter losses just that they will not tell you all of that unless you are closer to them or they see you as someone who won't see them losing as though they are not professionals.

[nara1892]

Basically, trading isn’t easy, and everyone agrees on this which means you must always be diligent in learning and exploring new concepts. Losses are a very natural part of the process, especially for beginners however, if you continue to incur more losses over the long term without making any changes, it means you’re not learning from your own experiences. Most likely, you’re not evaluating your performance. Trading is indeed difficult, but once you identify where you’re going wrong, you should be able to improve and avoid falling into the same pitfalls.

[LUCKMCFLY]

But it doesn't work like that. Knowing more and having more experience may help you risk management but it will not always make you right or profitable.

This is the reality: sometimes knowing more is just that knowing more. As a trader, you always use what works best for you. If we have the vision to see many things, then we're gifted; we have a unique understanding of trading. But generally, knowing more means applying more, and doing that is difficult because there are so many completely different scenarios. Things can be very hard to see. Sometimes the charts don't tell us much; volume does, but we must have a balance. Because if there are more strategies, there must be that risk. Are we willing to risk more?

[Swordsoffreedom]

Basically, trading isn’t easy, and everyone agrees on this which means you must always be diligent in learning and exploring new concepts. Losses are a very natural part of the process, especially for beginners however, if you continue to incur more losses over the long term without making any changes, it means you’re not learning from your own experiences. Most likely, you’re not evaluating your performance. Trading is indeed difficult, but once you identify where you’re going wrong, you should be able to improve and avoid falling into the same pitfalls.

Sounds reasonable, but imo you are oversimplifying what trading actually is. It's not a school subject you can ace just by studying hard and learning from your mistakes.

Taking losses over an extended period does not necessarily mean someone isn't learning. Markets are always changing, and a strategy that worked in the past won't necessarily keep working . Even if they spot their mistakes and adjust their strategy, that does not guarantee a profit either.

On top of that , trying to tweak a strategy after every loss can sometimes lead to overfitting . The more they keep adjusting it, the easier it is to lose their sense of direction.

Trading is an incredibly complex field to understand , let alone make money in . Learning from experience is essential, but it can't turn a strategy with no edge into a profitable one.

[Jaweria parveen]

If you have to lose money in trading, it is better to invest for a long time because this will make you believe for some time that you have made a profit. If you are losing even $500 a day, it becomes a fairly large amount that you can get by doing DCA and this is better than making no money in trading. But there is a difference in profit between the two. If you place a good trade while trading and its leverage is high and you get a good profit, it can be more than a long-term investment. Because on the one hand, you have invested well and increased the leverage too much, which has given you a lot of profit. If you do not make a profit from trading, then stop it because it is not giving you a profit but a loss, so try to come here with knowledge and experience, which will reduce your losses and increase the chances of profit.