What brings failures in trading?

[Mazen2003 1]

Greed and lack of capital management

[Mrkstrong 34]

cryptocurrency price is changeable so you have to be patient enough to wait on when is the right time to trade. But many people including me don't have enough patients and take wrong decision. When the market drops we fear and decide to sell our tokens out. But then the token prices spike. Here i share some more reasons thst brings failure in trading___

1.Being unaware of the pump and dump trends.

2.Trading without a well-organized plan.

3.Following third party trading advice blindly.

4Taking trade decisions based on feelings.

[mohamed mahrous 1]

Lack of proper analysis of the currency, its size and what is expected of it, lack of experience, rush to sell and impatience with cryptocurrencies. This is one of the main causes of failure, in my opinion.

 

 

 

 

[dr4ch3 18]

On 4/21/2020 at 11:54 PM, Babubu609 said:

There are many reasons that brings us failure in trading. There are so many of us here and outside the forum that experience failure in trading and they couldn't get to understand why they always fail and couldn't able to make it in trading. I cross through this problem and I found it very much intresting to help some of us that are into this problem and those that are yet to fail into this problem.

This problem of which I observed and investigate in are:

 

1.  Taking risk: many of us find it very difficult to be a risk take were at any point a Bussiness individual or firm must take risk or be a risk taker because he might be expecting profits and at the same time loss but his full expectation must be at  getting profit.

 

2. Rush: we sometimes rush into market when we see misfortunes that looks like opportunity we put our money and end up losing them because you can end up depositing your money in a wrong market or wrong address.

 

3. Greedy: there are many of us that seems to be greedy to meet up their need even when they see profit they will not grab it think that it will rise and later it fails and you end up losing that opportunity due to greediness.

 

4. Confident: you should have confident in your trading make sure you are sure of what you are trading.

 

5. Self reliance: believe that you can always make it don't wait for someone to show you the right thing to do believe that you can do it do research know well about what you are doing get the knowledge.

 

6. Knowledge/ ignorance: this was the worst part don't hear story or news about trading and pack all your money into trading were you don't have the knowledge of trading this will lead to failure.

 

There might be more reason I didn't include you can share some more reason to help others out of problem. Thank you

Another important thing in my opinion is to set SL, we need to cut our loss if the trade goes against us, dont hope that the market will reserve one day. Just close the trade with loss, so we can focus in looking for another opportunity to make profit.

[Shaza Ahmad 1682]

These reasons represent most of what traders suffer from, especially greed, because greed leads the trader to losing everything in the end, as the cryptocurrency market and any other market goes through two stages in general, the greed phase and the fear phase, and each stage puts pressure on traders psychologically in a different way to be the result The final reward is for the traders who can control their fear and greed.

[RoyalHouse01 9]

It is always the ignorance that makes a man lose money in trading if one is not smart enough to make analysis of any coin he should never invest his money in that one.

[Jaafar Fahad Hassan 114]

On 9/26/2020 at 3:43 PM, gbfisher said:

I am totally agree with you my mate, all reason which are you highlights in your post are right for failure in trading. There are some hidden lesson in failure so pick up. The most imporatant reasons is risk, greedy and knowledge. Mostly peoples dont take risk because they have a fair to loss their money in trading. When any body takes profit in crypto coin then they want more and more profit. Thats greedy,  some greedy peoples face huge loss because they hold any coin in long time  for more profit but thats couldnt happen. Knowledge is very imprtant for best trading but if any body fail thats great because failure teaches us a lesson, and thats lesson is never give up. 

When we can't take risk I don't think we can move to the top in life ,not only in cryptocurrency world it applicable to other part of business as well, but as stated in the topic it is advisable to acquire knowledge, vast knowledge before engaging into any thing that has to do with risk. 

[Shubham kakade 556]

yes trading is Very good for investing mony and extraa income i am a full time trader i  am earn lots off mony in this type of trading thanks for creating like this type of platforms 

[Yomose 3704]

Lack of experience can bring failure, also lack of knowledge about trading can bring failure. But most often, new traders will think they have known all, jumping to trade, and easily losing. Trading is step by step, it has to be done with patience. 

[Tine0313 3053]

Those mentioned above is really true, it may be a guide for all of us who are trading that we need to avoid impulsive decision making especially in trading. We need to be patience as always and even we fail, let us rise up and try again.

[Razan alikac 1899]

So is the misconception about the market
 Trading requires a lot of patience and time, and it is not a means of "getting rich overnight" or the type of work through which you can "leave your usual job tomorrow" and rely on it, and this is what is promoted all over the Internet.  Beware of the systems that promise you to fulfill all your aspirations. Internet marketers are very good at how you aroused to push you to accept the fast selling process. If you are serious about becoming a professional trader, the issue will take some time to learn and professionalize like any other profession in the rest of the practical areas around us.

[SuperCrypto 7193]

On 4/22/2020 at 12:54 AM, Babubu609 said:

1.  Taking risk: many of us find it very difficult to be a risk take were at any point a Bussiness individual or firm must take risk or be a risk taker because he might be expecting profits and at the same time loss but his full expectation must be at  getting profit.

 

Sizing deals and managing risks are very important. You should not engage in too much risk in any trade because it is likely that you will have a lot of losing trades in a row at some point in your experience in the markets.

[Omar Ommeish 4872]

On 4/22/2020 at 12:54 AM, Babubu609 said:

Taking risk: many of us find it very difficult to be a risk take were at any point a Bussiness individual or firm must take risk or be a risk taker because he might be expecting profits and at the same time loss but his full expectation must be at  getting profit.

Risk is a very important matter that we must possess in order to be able to achieve profits permanently because without risk it is impossible to achieve high profits, but you must risk wisely in order not to lose your money.

[duncun007 3577]

On 11/10/2020 at 9:00 AM, RoyalHouse01 said:

It is always the ignorance that makes a man lose money in trading if one is not smart enough to make analysis of any coin he should never invest his money in that one.

its the ignorance to actually knowing how to manage your money when you invest it in bitcoin, because i see many people actually just throwing their money at random coins without doing any research or analysis.

[GanBin 705]

What bring failure in trading is because people do not want to learn it but want to gain, and also because some people do not want to work but to be believing in trading, having a kind of certain life can determine if a trade can be good for experts, like having other works other than trading. 

[minisrt_black 1112]

basically as in life failures are brought by haste and also by little experience so I believe that in trade the situation is similar

[Gwataman 147]

Failure is part of life it does not mean that if you fail youre a  loser you have to keep on trying, in trading if you use stoplose youwill not lose much just use the sl strategy  

[Kami505030 1617]

The most important thing in trading is patience and knowledge. If you have lack of these two things then you are not a good trader it will be the reason for your failure too.

[Babubu609 0]

On 11/11/2020 at 10:31 AM, Omar Ommeish said:

in order to be able to achieve profits permanently because without risk it is impossible to achieve high profits, but you must risk wisely in order not to lose your money

That's right mate ☺️ without risk we can't achieve our goals because sometimes  misfortunes can make us loose most often when it looks like opportunity we need to be wise before taking action.

[duncun007 3577]

On 11/11/2020 at 4:31 PM, GanBin said:

What bring failure in trading is because people do not want to learn it but want to gain, and also because some people do not want to work but to be believing in trading, having a kind of certain life can determine if a trade can be good for experts, like having other works other than trading. 

yea most people focus only on the gains and less about how to actually make these gains, and this what leads most of the newbies to lose their money, because i see them sometimes buying coins after they pump 200%. and they hope it will go up.

[Brushless4500KV 4214]

On 11/11/2020 at 5:01 PM, GanBin said:

What bring failure in trading is because people do not want to learn it but want to gain, and also because some people do not want to work but to be believing in trading, having a kind of certain life can determine if a trade can be good for experts, like having other works other than trading. 

Trading doesn't damage your personal life or your main occupation. An expert will not spend more than an hour per day to manage his portfolio or monitor the market. Certainly, everyone have 1 hour of spare time in their lives every day. The most common reason of failure is panic buying which mostly occur when a bull run is about to stop and a new bear run is right on the corner. Well-informed but anxious people will fail more than illiterate but calm ones!

[Cleaner 2549]

2 hours ago, Babubu609 said:

That's right mate ☺️ without risk we can't achieve our goals because sometimes  misfortunes can make us loose most often when it looks like opportunity we need to be wise before taking action.

@Babubu609.. I think there is a risk in everything.  And there is no work without risk.  If you can succeed in any endeavor, you are a wise man.  Whether you invest or trade, there are risks involved.  But we need to acquire knowledge to avoid risk.  If you want to invest or trade then you have to take all the ideas about it.  You can never avoid risk if you don't know about it.  As a result you will suffer

[Shubham kakade 556]

my opinion is failure is reasons of no proper nowledge no any study and taking high risk you dont haveany proper nowledge so you not good trader please don't Los your money keep holding in  safe site 

[MuhammadSh 3067]

The sixth point is the most important one in my opinion! trading isn't easy as it sounds and it really requires a good knowledge before entering this field! especially because most of the beginners lose their money because of their ignorance.. this crypto world is giving us many opportunities to earn but the best in my opinion is cryptocurrencies trading! but by the same time , it's the hardest and the most field which requires much time just to know when to begin or end any deal..

[Jromz 2158]

This comprehensive list actually touches upon important points that we should avoid when trading. In my opinion, the most common failure can be start doing trading without any knowledge and what is worst thinking you will get rich overnight. I guess this thoughts are part of the mindset that leads 95 % of people to lose in trading. It's always essential to know what this is all about before risking your capital in trading.