I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer, inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?
In my opinion, there will be a phase wherein it is inevitable for an individual to lose while trading as it becomes your teacher/leaning experience to improve all sorts of methods and strategies. If you are a beginner in trading, you are really bound by the natural law to lose resources at some trades. Despite being diligent, intelligent, patient and keen, you are bound to lose somewhere along the road. Due to that error, that is the time where you will develop strategies and techniques in order to prevent or at least mitigate the damage of your trades.
The trader should have a good source of information and a good amount of money to back up what ever he/she might lose in other trades that he/she would do,
The trader also needs a good skill on studying the market and a good intuition about the market.
I agree. A trader should know all the risks that he/she is putting himself into as you are playing your resources with the presence of risks. It is impossible for someone to not lose money in the process of trading. Everyone has to start from somewhere, even millionaires fail on their attempts. It is in the matter of attitude on how you deal and cope with these problems.