Quote from: Wilsonong222 on May 17, 2018, 01:13:43 PM

Quote from: Asoss.io on January 29, 2018, 11:35:46 PM

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.

For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

I like to add the greed factors. It is common culprit of bad decision most especially during Bull Run. More often people still invest even they already know that the market is overbought. In case of selling, many traders didnt stick to their trading plan in hoping that the price still increasing. But most this kind of trader lose because they were left behind in low price.

Trading is very much tricky job to do and that it becomes very much difficult for all those who are busy in trading to handle the situation in the best possible way and that they suffer a huge loss as well sometimes because of this. As far as I think, loss of control over the emotions and making the decision in a panic or in a hurry are the most common reasons which can result in loss of money.