Post
Topic
Board Trading Discussion
Re: Why people run away from trading!!!
by
so98nn
on 24/04/2020, 06:36:55 UTC
1. Lack Of Proper Trading Education

2. No Risk Management

3. Lack Of Patience


4. Having that mindset that trading is an easy money generator.
5. They set up goals basing on others positive outcomes
6. Emotion

Lots of experience or things that you should face on first before for you to able to learn.
It will vary on each person because not all would have the same effort on learning things up.

Emotion is the cruel enemy of man while trading or putting any kind of trade!

I mean literally even when its a girl, man cant put it in right way. Lolz.  Cheesy

When it comes to training person needs to research the market properly. In current scenario trader will just go to any trading site, start seeing around what people are upto and then they will start manipulating themselves accordingly.

Their adrenaline drives them crazy when they start even little red bars around the corner. They will emotionally catch the trend and will start panic selling. We all know in the long run panic selling has been counted as one of the emotional barrier for traders. However this is mostly in the newbies who has just arrived and jumped right into it without any proper "understanding" of the market.

Market is volatile and get agitated with small changes around the global news. People have been legends in day trading with big amounts on stakes but they do it because they are able to control their instincts keenly and dont allow the emotions to overcome their selling patterns.

I believe for those who are completely new, they shall start their journey of bitcoin by holding the BTC with patience and growing the value in long terms. Keep buying them when they are at the bottom rates. Thats what a new person shall do. Create your wealth (everyone wants it) step by step and then read about the trading techniques.

Since this forum itself is having many legends with unique techniques you can learn by referring many of the threads around here. Even the bot trading works if you go through trusted sources. But lets just keep it simple for the first time and make yourself equipped with all terms of trading.