Quote from: drlukacs on December 10, 2019, 03:56:47 AM

Quote from: Polo7 on November 18, 2019, 08:10:40 PM

So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?

Im sure the Beginners lose coz of FOMO.

Anyone who starts trading will experience failure because they have greed and impulsiveness in their mind to break their discipline. I used to trade 5 years ago in the forex market, things started very smoothly when I made a lot of money but until I was subjective and kept losing 5 consecutive orders. This angered me even though I lost a little, but then I got angry and wanted to get revenge quickly and I used 100 leverage with 50% of my account earned in the first 2 months. After that, the result was so bad that when bitcoin ran in both directions and killed long and short, I lost over $ 5000 in 1 minute of anger.

This is actually how most traders end up losing all their money and eventually quitting. This isn't only common in crypto trading, its the same in forex, stocks, futures, options or whatever is tradeable on the open-market.

There was a study done a few years ago which did an analyzis on many of trades that retail traders take and the survey found retail traders actually take very good trades, however they rarely make money. It concluded it was that they took profits too early and left their losings on too long. So its similiar to you. And generally what most of them do is they add to their losing positions. Basically throwing good money after bad. So if they bought 100 shares at $100 they would buy another 100 at $80 to average in, then another 100 at $60,$50,$40, and eventually they would be over-leveraged and get margin called or they would just sell everything at a huge loss to end the pain. We have all been there. This isn't an easy game to beat. You are a small fish in a ocean full of sharks.