They are not making money but they continue to trade

[uneng]

So, in essence, people can continue trading even if they don't make money because they have the goal of learning from losses. Many people who are good at trading used to lose a lot. But I do feel that trading can be addictive, even though we keep losing, and I'm also surprised by that. It could be that some people continue trading despite losing because they're addicted to trading.

Probably you heared from someone that it was possible to make consistent profit from trading, and that losses you faced were due to lack of experience and knowledge, so you kept trying again and again hoping to have finally understood how to make it right.

After all, it's not different from gambling. Newbies tend to believe it can be adopted as full time job or side hustle, and that losses are just part of the learning process until mastering the activity.

What happens is that there are some people who encourage trading, but they don't trade at all. Rather, they profit from referral comissions on exchanges and selling signals, tips or courses in closed groups for people interested in becoming traders.

[Leahized]

I don't think it's fair to call all traders gamblers, because many trade with a plan and risk management. The problem starts when you try to justify your decisions even after a loss, then instead of admitting your mistaks you may tend to make up for your previous losses with more money. I think time is a really good judge here.  Skill is not proven by a few wins but by being able to manage risk by following the same rules for a long time.

I undoubtedly believe that, not every trader should be labelled as a gambler. But from your opinion, it is completely clear that these behaviours exist within an addicted gambler. In trading, one must acquire sufficient knowledge and skills alongside risk management. Failing to study this will indeed make it impossible to trade in an orderly and flawless manner.

My strong advice for, this is to study continuously and develop your skills through a demo account. Additionally, if you are not financially strong enough, you should not waste money through trading. Instead, investing in Bitcoin is the best option, as patience and courage are the keys to success here.

[shawonngp]

People who show 100% trading success on social media are basically liars, they show their success aspects to attract people and do not show the results of all the trades in which they face losses. I personally have very little success in trading because the market is not always under control, so all the success stories that people talk about are just to fool people and show the truth of trading success and earning more money.
According to that, different people get involved in trading out of greed and those people basically end up facing addiction. But I say from my own experience if you can trade, then do it, besides, you should not enter trading at all by seeing other people's success.

I will never believe that if a trader is 100% successful in trading, it must be a lie, because trading is full of uncertainty; no one can guarantee profit here, even with many years of experience. Many social influencers claim they have made 100% profit and sell paid subscriptions to claim they can succeed in trading, which is deceptive. I don't think anything on social media is trustworthy, so don't trust an influencer's paid trading course. The crypto market is beyond our control, so no one can say when it will go up or down. How do they ensure 100% profitability?

[Webutxo]

I undoubtedly believe that, not every trader should be labelled as a gambler. But from your opinion, it is completely clear that these behaviours exist within an addicted gambler. In trading, one must acquire sufficient knowledge and skills alongside risk management. Failing to study this will indeed make it impossible to trade in an orderly and flawless manner.

My strong advice for, this is to study continuously and develop your skills through a demo account. Additionally, if you are not financially strong enough, you should not waste money through trading. Instead, investing in Bitcoin is the best option, as patience and courage are the keys to success here.

I have been looking at the exchange volumes for the last month and I'm not sure what is going on exactly. There are high volume on futures which shows people are actively trading on futures. If you should check the spot trading volume, the volume are low which shows people are not trading on spot. That means all of the traders on exchanges are looking for quick money and futures is the fastest way to lose everything from the exchange.

There are more gamblers that think they can make money trading futures than if they try spot, they don't know that spot is more safer because you can never lose all your entire money trading spot if there is high volatility unlike futures that the exchange will be looking for a way to liquidate you of your money. People in futures lose everything they built for month, you don't see that with spot traders that are not into gambling.

[Baki202]

I really vibed with this initial part, alot of people give excuses for a failed trade instead of looking for the problem and finding sustainable solutions to it and that's the biggest lesson I have come to understand. Personally am more into investment than trading but started with the later. I think the problem I had in the early years of my trading was what other people told and things I saw on fake stream media's, sometimes I copy trades that were terrible but just followed up because I was oblivious, until I had to study and understand it on my own before it started getting better. Advice is don't rush for profit, it's not a lottery

Some people want to accept that they should quit trading because they are not profitable, but they will continue. What they fail to realize is that, in my opinion, if you are trading and you are not making any money, you should simply go for buying and then holding because there is little discussion about it, you won't lose a lot of money, and it's even safe. There are people who call themselves traders, and if you are not making money, it will be best for you to let the whole thing and do something else.

And when it comes to trading, you have to be absolutely certain that you will not only be patient but also astute about what to do precisely if trading is working out for you. Since trading will never work for everyone, the wisest course of action will be for them to simply hold. Instead than pushing things to happen and then relying on signals, people need to know exactly what will work for them.

[Emeraldo]

People who show 100% trading success on social media are basically liars, they show their success aspects to attract people and do not show the results of all the trades in which they face losses. I personally have very little success in trading because the market is not always under control, so all the success stories that people talk about are just to fool people and show the truth of trading success and earning more money.
According to that, different people get involved in trading out of greed and those people basically end up facing addiction. But I say from my own experience if you can trade, then do it, besides, you should not enter trading at all by seeing other people's success.

I will never believe that if a trader is 100% successful in trading, it must be a lie, because trading is full of uncertainty; no one can guarantee profit here, even with many years of experience. Many social influencers claim they have made 100% profit and sell paid subscriptions to claim they can succeed in trading, which is deceptive. I don't think anything on social media is trustworthy, so don't trust an influencer's paid trading course. The crypto market is beyond our control, so no one can say when it will go up or down. How do they ensure 100% profitability?

I don't know if its possible for a trader to have a 100% successful trade but we don't have to judge people if they can actually make money successfully through trading. Traders are not of the same type and their are traders that are successful while others may be striving l to become successful while learning more from their mentors to have similar profit level.

If there are people that are claiming to be professional traders, we should also know that not all trades can continue to claim to be professional when they are absolutely losing money through trading, the truth will surely be everywhere.

[Bright0515]

The reasons that they give might actually be valid but trading isn't something that's easy and In order for you to get it right you must be consistent with it. You might not be making profits from trading and continue to trade not because you are throwing your money away on purpose but with every mistakes that is made you use it as a means  to gradually improve. I'm not saying that trading should be a constant losing spree because if that's the results some people get it means that something is wrong. Traders that don't learn from their mistakes cannot really become better when it comes to trading or hodling.

[Junii]

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.

Trading needs a high level of mentality. A mentality like a market crashed and you are watching it unfazed. Many people says there technical analysis is excellent what price they predict the market moves to that price but when they open a trade in reality they ended up in loss or break even because trading is a whole game of psychology even someone gives you a signal in the long run you will be still in a loss.  Also the people that makes excuses actually their brain needs that rush of emotions when they are in a trade because a person with a good mindset knows what's his mistake. 

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

Those who knows this they just needs to not fall in a trap of a their own brain .

[Curious T]

It's because they see others "winning", so when they're not making profit, they tell themselves that there is something they are not doing right. What they fail to consider is that they don't know how profitable the people they see or look up to are actually doing. There are some influencers who get money from influencing or other sources, but they act like they make their money from trading and ask people to buy their courses on trading, thereby making more money. They are deceived by what they see online. Even the way trading is advertised is deceiving. Trading platforms make it sound like the moment you start trading, all your problems have been solved. I don't know what it takes to be a good trader, but I know patience alone is not enough. You can be patient for five years and still not make good profit.

[CryptoBuds]

The reasons that they give might actually be valid but trading isn't something that's easy and In order for you to get it right you must be consistent with it. You might not be making profits from trading and continue to trade not because you are throwing your money away on purpose but with every mistakes that is made you use it as a means  to gradually improve. I'm not saying that trading should be a constant losing spree because if that's the results some people get it means that something is wrong. Traders that don't learn from their mistakes cannot really become better when it comes to trading or hodling.

Trading like any other job will involve a lot of hardwork and persistence.

However, trading isnt a 9to5 job where you can just keep going, learn from your mistakes every time you fail, and eventually succeed. As Junii said, trading is also a psychological game and involves probability, so persistence doesn't always work with this kind of thing.

So you need to know when to stop. Don't keep thinking that you just need to be more persistent, only to end up digging yourself deeper into losses. Sometimes, knowing when to stop is more important than simply forcing yourself to keep going.

[TheUltraElite]

Patience is mostly about watching the market, reading the charts and understanding levels of where to buy and where to sell. This ground work needs to be done before starting trading and not in the middle of buying/selling.

What I have seen is that most traders are going to lose money because they start at the wrong point to buy or they start in a hurry without background knowledge of ups and downs.

If you look at social media then it is filled with people trying to get rich by their affiliate commission. Hence you have to learn to filter the content there or avoid them altogether.
Trading will not make you rich over night, but it can make you poor very quickly.

The long term buy low and sell high method is the only spot trading method that works to generate profit but it takes patience and again that is one of the major things lacking in newbie traders and those who are following social media.

[hd49728]

Patience is mostly about watching the market, reading the charts and understanding levels of where to buy and where to sell. This ground work needs to be done before starting trading and not in the middle of buying/selling.

What I have seen is that most traders are going to lose money because they start at the wrong point to buy or they start in a hurry without background knowledge of ups and downs.

Most traders do their trading decisions and actions very emotionally and without any discipline. It's bad trait of traders that leads them to loss, severe loss or even bankruptcy.

Most traders are not patiently waiting for buying and selling, that's how we have terms like FOMO and panic sell.
Most traders don't care about finding safe entry and exit, that makes them having a wide price range between entry (if they bought at that price) and exit price. By buying at risky entries, they will have very small price range for taking profit while from their entry price to cut loss price, there will be smaller price range too.

Stop loss order is important for traders but it's only helpful if traders maintain principle of wide and safe range between entry - take profit, entry - cut loss.
One of the best weapons in trading.

[Antotena]

Trading like any other job will involve a lot of hardwork and persistence.

However, trading isnt a 9to5 job where you can just keep going, learn from your mistakes every time you fail, and eventually succeed. As Junii said, trading is also a psychological game and involves probability, so persistence doesn't always work with this kind of thing.

So you need to know when to stop. Don't keep thinking that you just need to be more persistent, only to end up digging yourself deeper into losses. Sometimes, knowing when to stop is more important than simply forcing yourself to keep going.

I don't care how people trade but if you cannot trade while away from your computer device then you are not trading, you are just gambling here. A trader should be able to open a position and be able to walk away to do other things. Your stop loss is what you need to take care of your trades, there should be a risk to your reward ratio no matter how good that trades looks like, if you don't have confidence on your stop loss then that trade is not for you.

No matter how good you are in trading, you are going to make some loss, you can't even do anything about it, but your consistency in winning trade should be more than your loss in any trade you want to make and don't forget when to stop like you said. If you open a trade and make loss, just close your trade for that day and leave it, try the next day you might be lucky to get it back or even 3 times of what you loss, forcing a trade will only make you to lose even more.

[Oshosondy]

I don't care how people trade but if you cannot trade while away from your computer device then you are not trading, you are just gambling here.

I will also not like to stick to my computer after I opened a trade and I can understand you very well and you are very right in your own way and I think I will prefer the way you are trading, but there are scalpers. I have tried it before and lost money, but maybe some people are good in it. Instead of looking for $5 daily in a single trade and call it a day, scalpers may prefer to open open 10 positions to earn $0.5 each before calling it a day. Anytime they open position, they watch the screen and se their TP filled early except the trading is not favoring them. I do not know if scalping work for some people.

[batang_bitcoin]

I will also not like to stick to my computer after I opened a trade and I can understand you very well and you are very right in your own way and I think I will prefer the way you are trading, but there are scalpers. I have tried it before and lost money, but maybe some people are good in it. Instead of looking for $5 daily in a single trade and call it a day, scalpers may prefer to open open 10 positions to earn $0.5 each before calling it a day. Anytime they open position, they watch the screen and se their TP filled early except the trading is not favoring them. I do not know if scalping work for some people.

Scalping can work only for some people but it won't work for the most of us. Opening positions that aims to earn less and compiling it all for the amount of your goal is a good one. You don't have to win that much with every trade that you open but IMO, it doesn't have so much difference from winning one particular quality trade and just calls it a day and you're done. But this depends on the trader, either way both can be lucrative and just test which one is effective as you scalp. Someone who's good in holding doesn't have to do this when they are sick of taking risk everyday.

[Charles-Tim]

Scalping can work only for some people but it won't work for the most of us. Opening positions that aims to earn less and compiling it all for the amount of your goal is a good one. You don't have to win that much with every trade that you open but IMO, it doesn't have so much difference from winning one particular quality trade and just calls it a day and you're done. But this depends on the trader, either way both can be lucrative and just test which one is effective as you scalp. Someone who's good in holding doesn't have to do this when they are sick of taking risk everyday.

For scalping, just simple huge price volatility could be a disaster for the trader. Thinking of opening and closing of the trade within short period of time will encourage the use of high leverage. The market can suddenly be volatile. If the trade is not favoring the trader, but he is losing and he did not set stop loss, he will lose huge amount of money. One of the trading types I do not like is scalping. The shorter the time need for s trade, the more I do not like it because they are more risky. Swing trading, position trading are very good. Even day trading is not that simple, it is highly risky.

[avp2306]

Patience is mostly about watching the market, reading the charts and understanding levels of where to buy and where to sell. This ground work needs to be done before starting trading and not in the middle of buying/selling.

What I have seen is that most traders are going to lose money because they start at the wrong point to buy or they start in a hurry without background knowledge of ups and downs.

If you look at social media then it is filled with people trying to get rich by their affiliate commission. Hence you have to learn to filter the content there or avoid them altogether.
Trading will not make you rich over night, but it can make you poor very quickly.

The long term buy low and sell high method is the only spot trading method that works to generate profit but it takes patience and again that is one of the major things lacking in newbie traders and those who are following social media.

Exerting effort to know what they are doing and their patience is important because this is their great foundation before starting their trades. If they jump without having any knowledge on how the market works and also its cycle they are bound to lose their money.

Social media hype is just a noise and many people do that, because they have other intention like to spread their affiliate links or even to hype people so their position will get hit.

Its not good for people to do shortcuts on trading and there's no instant wealth here. Discipline plays huge role, because it can help them to be consistent with further actions needed. So best to filter out the noise and much better for people to focus on learning the technicalities also the chart rather than chasing any quick gains.

[laijsica]

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.

To begin with, no one continues to incur losses day after day indefinitely; many traders halt their activities midway to avoid further losses, often because they entered the platform without understanding trading itself. While trading can indeed be profitable, reaching that stage requires an understanding of both its positive aspects and its associated risks. Without this knowledge and an understanding of the appropriate next steps, trading becomes akin to gambling, carrying a significant risk of financial loss. While many continue to earn money through day trading, others find their capital tied up in long term portfolios because they refuse to sell at a loss. The market does not remain in a downturn forever. Generating profit requires a sound strategy, one that is developed through discipline and sustained engagement with the market over time.

[BItcoin Guy@]

I will never believe that if a trader is 100% successful in trading, it must be a lie, because trading is full of uncertainty; no one can guarantee profit here, even with many years of experience. Many social influencers claim they have made 100% profit and sell paid subscriptions to claim they can succeed in trading, which is deceptive. I don't think anything on social media is trustworthy, so don't trust an influencer's paid trading course. The crypto market is beyond our control, so no one can say when it will go up or down. How do they ensure 100% profitability?

Sure, know one can be profitable in trading 100% because we all knows that trading is unprofitable and we can’t control the market. Anything can occur, and that is the main reasons why many trader lose a lot of funds when they try to analyze the market well. Even professionals that probably get a lot of profit can’t say they win everyday. They have a day that the market won’t go as planned and make traders lose. People that say they get 100% profit in trading, I can say they are just trying to encourage others that they can get huge profits when they are patient in it. But getting full profit in trading can never be possible, with what I understand in it.

[Pandorak]

Sure, know one can be profitable in trading 100% because we all knows that trading is unprofitable and we can’t control the market. Anything can occur, and that is the main reasons why many trader lose a lot of funds when they try to analyze the market well. Even professionals that probably get a lot of profit can’t say they win everyday. They have a day that the market won’t go as planned and make traders lose. People that say they get 100% profit in trading, I can say they are just trying to encourage others that they can get huge profits when they are patient in it. But getting full profit in trading can never be possible, with what I understand in it.

Essentially, profits and losses are a normal part of trading, what matters most is the final result, such as your cumulative trading performance over a full month, whether it generates a profit and what percentage return you achieved relative to your capital. Conversely, if you end the month with a loss, it means something is wrong with your trading approach. This calls for a thorough evaluation, did you violate your money management rules or did you deviate from your pre-established trading plan, such as opening a position prematurely (contrary to your strategy), this is why evaluation is so important, so you can learn from your mistakes. And it is indeed impossible to consistently achieve a 100% profit.