They are not making money but they continue to trade

[nelson4lov]

I think survivorship bias plays a big role here. The top 1% who actually make money often overshadow the 99% who don’t. And as long as there are people making money from trading, there will always be others who believe trading could be their own big break too. It is kind of the same with life. Just because someone was born poor does not mean they should stop trying to become rich. They have to continue to try and that is why people continue to trade.

[coinlary]

There are different categories of traders , the money making machines know how they make it but  they will never reveal it to you .  I am sure it's  not really from trading,  about 5~10 percent comes from them trading but not always with their money (could be firms, groups, random partners ) yet they have enough capitals to make something off those 10% . The  remaining  are just from offering service(mentorship,guidance etc.), selling (books, analysis, e.t.c) and even investment.

That's why there are millions  of channels these days with a Crazy - random guru from  the internet and same style is beign used in by rug pullers  these days.
The other categories are those who just keep thinking they are  doing something wrong and they just need to the right thing  with a big plasta of patience to be like the money making machines.
That fits what you're describing.

[RockBell]

And I have studied most of this guy's know that this things don't work because trading does not mean everyday benefits and a lot of people milking other people just for them to see that they making money and some even go ahead to sell signals just to cover for there loses and what people don't understand when it comes to trading is that when it does not work for you then it is best for you to, give it a rest so that you don't have to lose more money.

Everyone wants to be a trader but they are acting like they don't know the consequences that it comes with and trading is not even for everyone,  and if you know is not working out for you then the best thing you can do is for you to just buy and hold instead of stressing your and still losing money the same time so everyone have to be very prepared especially for does that want to do trading it a lot of work to become a trader.

[Fiatless]

At first you must learned to know how the market function otherwise you will always lose to the market. Trading is of course a patient of a thing while trading and you must first know the area where you are good at while trading, like most people usually for future trading in order for them to make quick profits without them knowing how the market function or are being handled. Like I know, I must always advise new people who aren't familiar with the crypto market to always go on spots trading or entirely based on holding this would help them the more than jumping into the market to trade and feed the market.

I have met a few people who are living comfortably from crypto trading. This set of people has gotten a deep understanding of the market. One once to me that he takes calculated risks. So the notion that all traders lose money is untrue. There are people who have mastered that craft of trading. I don't recommend trading to newbies because it is complex. Long term hodling should be the best option for newbies. Howvwer they can learn trading and become good traders.But newbies should start trading with small amounts to avoid major losses.

[colinistheman]

I think survivorship bias plays a big role here. The top 1% who actually make money often overshadow the 99% who don’t.

What you say is absolutely true. Only those who win are celebrated on social media and YouTube, and the vast group of those who have lost and become bankrupt either remain silent or start gambling more in an attempt to cover their losses

The real reason is psychological. I would say that they do gamble. But they are afraid to admit it. Sometime after making a little profit their dopamine is released. The dream of making a big tread and the fear of missing out keep them hooked to this addiction

It is wise for retail trader to assume that they do not have any special magic in market. Apart from these if you do DCA like me and hold for a long time that will be the best strategy. I always see trading as a high skill profession. It is dangerous to think of it as extra income or a casino

And if someone insists on trading they should at least be serious. Proper risk management, accounting on dairy and backtesting should be done. If you do revenge trading in anger or run after signal you will end up shooting yourself.

[Odogwu-Blockchain]

The same observation I've observed from close friends who are day trader, they never seems to be profitable any day but always finds new ways to get massive gains which had never been implemented and executed, it's always illusion in their head to write down strategies that never get to work.

The reason for this is because, since they are day trader, they got to withdraw their earnings and start the cycle again from little or zero capital, they gets unlucky and repeat the cycle again and again until they loose out everything. Trading isn't easy as people think, trading isn't for individual earnings, it should be treated as a company organization where expert comes together to execute trades and get paid for doing their job.

[Rruchi man]

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.

Maybe those are not really excuses but the actual reasons why they are losing trades and have been able to identify them to work on.

It takes a lot to be successful in trading, if you watch interviews or hear stories of successful traders. You will find that it is almost a common story among most of them that they were almost quitting trading because of the many losses before they were having.

There are some really profitable traders who became profitable after losing a lot. If you have none around you, it doesn't mean they don't exist.

[Zaguru12]

There are some really profitable traders who became profitable after losing a lot. If you have none around you, it doesn't mean they don't exist.

When people talk about traders been successful or profitable many people think it’s a fallacy but seriously it’s not. While I acknowledge the fact that the majority of traders today if we look at their overall trading history not one or two trades are actually lose because the money they have lost and won aren’t same with losing more. But that doesn’t mean that there is no way we don’t have profitable traders in this space today. They are relatively few than the actual losers but they are profitable ones and this is not traders that actually win every of their trade. In fact over all there win rate is lower but they are consistently profitable due to proper risk management.

And just as you have said, if traders come to say after multiple losses they later started becoming profitable others use it against them, it should be clear that losing always doesn’t mean or makes you Profitable automatically tomorrow it is actually what you do while losing that gets you to be profitable but most people do not do anything aside the usual things they engage and they except changes over night. Some Losers backtest their trades and change some things and not jumping from one strategy to another hunting for quick profit

[Alphakilo]

Some people don't actually know how to learn from their mistakes mostly as it partains to trading activities. They think being consistent means doing whatever strategy enters your mind instead of observing the trends and knowing how to make a proper entry, how to manage their bankroll and their emotions too.
Merchant traders or professional traders do exist because they have stuck to that path for longer despite the hurdles they must have faced and now it even becomes much easier with demo accounts and AI tools integrated into most platforms to make trading activities much more faster and more profitable than it used to be before.

People would always make excuses even when they know deep down that they are to blame but the real VIP and more successful traders know that success in trading comes with knowledge, wisdom and applications of risk management practices.

[Faisal2202]

What I noticed about traders is that they will advise you to be very patient but they are going against their own patient decisions. I have many of them around me but they are not doing what they are saying. All what they want is huge money and frequent money making strategies that can give them almost daily return during week days.

Actually, there is a huge difference between saying and doing. When we are in the field, we forget what we know, and the first thing we forget is the advice we gave to others. Isn't it ironic? Well, I have experienced this many times, not only with others but with myself. In real life, beyond the trading sector, we face many people giving us advice to do this and that, yet they completely oppose their own words and do not follow them.

I think it is in human nature not to do what we have just said to others. That is why it is important to lead by example. Once we realize that someone is all talk, we stop listening to them, and that person loses their charm and respect.

[dansus021]

you know what karl this post should be pinned and merited and act as reminder. This what happened to me I just feels like I can do it just like the other people who share their winning profit hundred or thousand percentage but in reality I keep losing the game.

The final destination is here Im going to stop doing perpetual trades from now on, I just keep deposit and trade try to chase that my lose money but day by day its getting worse, so the best option from now on just stop doing it. I just "banned" my access to trade on binance too, I hope this the best for me

[Finebone]

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.

If you engage in an activity that you know that would better your financial state if you can get it right, will you just quit because you keep on encountering a challenge?
Nothing good comes easily, so giving up wouldn't still solve the problem mate.

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.

Their is a lot of money in trading actually, but it's not that easy to make money from it, the problem there is that most influencers has made newbies to believe that it's the easiest way to get rich, while in reality, it's one of the most difficult skill to attain.

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

This is base on individual, because some traders are actually patient in trading, they wait for only the right entry, they don't just trade anything they see in the market, so this question is based on individual.

[SOKO-DEKE]

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.

Most reasons why some traders continue losing and making excuses it’s all because they believe that they are not doing the right thing, especially when they see people on social media saying that when you follow the right steps, someone will definitely be making money from trading. So those who are losing will want to make corrections and continue trading again to see what the result will be.Based on the mindset they build, they will hardly quit trading, no matter how much they are losing. Even in gambling, that is the same problem some people are facing. Once they see that someone has won a big amount of money, it always gives them more spirit to gamble more because they believe that if they keep trying, they will eventually get it right.But a wise person doesn’t think like that. They will first do their findings about a particular thing and try it a few times, and once they fail, they will quit and do something else entirely.

[icebar]

There are some really profitable traders who became profitable after losing a lot. If you have none around you, it doesn't mean they don't exist.

When people talk about traders been successful or profitable many people think it’s a fallacy but seriously it’s not. While I acknowledge the fact that the majority of traders today if we look at their overall trading history not one or two trades are actually lose because the money they have lost and won aren’t same with losing more. But that doesn’t mean that there is no way we don’t have profitable traders in this space today. They are relatively few than the actual losers but they are profitable ones and this is not traders that actually win every of their trade. In fact over all there win rate is lower but they are consistently profitable due to proper risk management.

And just as you have said, if traders come to say after multiple losses they later started becoming profitable others use it against them, it should be clear that losing always doesn’t mean or makes you Profitable automatically tomorrow it is actually what you do while losing that gets you to be profitable but most people do not do anything aside the usual things they engage and they except changes over night. Some Losers backtest their trades and change some things and not jumping from one strategy to another hunting for quick profit

There is no realistic guarantee of being profitable in trading. Yes, there are many who can make profits, but their number is very small. And they have also lost at some point. It is not possible to maintain consistent profits in trading because decisions have to be made based on skill, discipline and risk management. Due to which it is difficult for most people to make the right decisions in the long run, which is why consistent profits are not guaranteed. Losses can occur in trading, but if a trader does not learn from the losses, there is a possibility of falling into such losses again in the future.

The main thing here for those who used to lose and are now profitable is what changes they have made in themselves, what changes have they made in risk management and how they have used their analysis. It is not realistic that improvement in trading will come over time, but one can reduce one's losses through conscious changes.

Therefore, if one loses in trading, one should target the mistakes and try to correct them, instead of trading more, changing their strategy repeatedly and making emotional decisions.

[Dr.Bitcoin_Strange]

There's the saying that "practice makes progress"  Most of the unprofitable traders are still practicing and losses is part of the experience for them to do better until they start being profitable. Although that quote is meaningless to someone that is gambling while thinking that they are trading, they will not be profitable. Some people too did not take it serious, they will manage to raise money for their trading and once they trade for 1 or 2 weeks and lose all that money, they will not trade again for a few months until they raise another money again, they will still lose it and stop. Just like that, the cycle continues.

[Oshosondy]

There's the saying that "practice makes progress"  Most of the unprofitable traders are still practicing and losses is part of the experience for them to do better until they start being profitable. Although that quote is meaningless to someone that is gambling while thinking that they are trading, they will not be profitable. Some people too did not take it serious, they will manage to raise money for their trading and once they trade for 1 or 2 weeks and lose all that money, they will not trade again for a few months until they raise another money again, they will still lose it and stop. Just like that, the cycle continues.

Practice make progression may not be applicable to most traders because they are losing. What you said is true, but I do not know the reason behind the losses traders are making. Most of them are trading and they continue to lose, that is what trading is in reality for most traders. It is always better to stop trading if the losses continues after many months or after 1 or 2 years without progression.

[Zaguru12]

There is no realistic guarantee of being profitable in trading. Yes, there are many who can make profits, but their number is very small. And they have also lost at some point. It is not possible to maintain consistent profits in trading because decisions have to be made based on skill, discipline and risk management. Due to which it is difficult for most people to make the right decisions in the long run, which is why consistent profits are not guaranteed. Losses can occur in trading, but if a trader does not learn from the losses, there is a possibility of falling into such losses again in the future.

We have actually said this that yes you cannot be win every trade that is every trading running and ending in profit but over time you will surely be profitable over time or in a long period of time if you plan it well. This is heavily dependent on the risk management of the trader, they are traders that can have far less number of profitable trades compared to the losses but still are profitable overall. Take for example a trader who trades 1:3 and in a trade of 10 consecutive trades made TP in 4 while six ended in losses. He would still be profit regardless f this losses. This is how many traders stay profitable not winning all trades

[terrific]

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.

It starts with the crypto influencers. They're so talkative and giving a lot of information about the market and trading strategies.
But hit the wall about that because they doesn't show what an actual profitable trader is. It's true that they're not showing it with their lives.
And saying that they're patient but they're not going to show how much they've lost is like a bias way of engaging to their communities.
Everyone has their own dose of medicine with losing and that's a pretty normal stand.

[Botnake]

Because in all honesty, no one wants to be named as a bad trader. Or some get easily hurt when other traders become straightforward and tell them that they're not meant to be traders. That is why we often see traders still continue to trade despite of their huge losses from trading.

And some traders believe that persistence is the key. They often believe that ''quitters never win'' without realizing that for some reason, quitting is the most disciplined action to take that will help the trader reevaluate if he has actually the potentials to trade or he is just faking it.

[Royal Cap]

Most people say trading is profitable because they are inspired by theory or other's success, but they cannot maintain that discipline in their own case, and this is normal for beginners. And yes, most beginners think of trading as gambling, that they invested today and tomorrow they will get 10 times the return. And everyone talks about patience, but real patience does not mean sitting still. Those who think that they have to earn something every day, are actually treating trading like a job, which is not possible but yes, it can be treated like a business, because in business there is profit as well as loss, So I would say, trading can be profitable but only for those who can control themselves.