Quote from: pixie85 on December 17, 2020, 11:15:53 PM

I find this to be true when I think of myself and many people I know.

Only 7% remain after 5 years because trading is exhausting physically and mentally. Most people can't live in stress for years.

People underperform the market because they are impatient. They see it going up and sell when they reach their target but their target often is not the market's target.

True, - what you refer to are behavioural biases. There's even specific area studying those - behavioural finance, as a part of which you can make trading models / systems / strategies to exploit and from from common traders' biases.

Quote from: militiariko on December 17, 2020, 11:31:29 PM

I am not sure where you got your statistics from but more than 50% of traders earn with trading. When we mention trading you need to understand that it involves you and me and everyone in the crypto space; Taking profits and earning from trading has nothing to do with passion but determination, good and perfected trading skill as well as an accurate decision making skill too.

when it involves trading, do not involve emotions. Always do your own research.

Sorry, not to offend you, but you say the cliche phrase "always do your own research", yet you didn't do yours, because if you would - you would see every single source for the data just few messages above, and before that, as so many people asked same question without really checking the thread. If you believe >50% of traders are successful, then leet's see what that means... You can just google "number of traders" and the first result gives you 9.6 million online traders (doesn't matter how correct or wrong this specific number). Let's assume on average each of them trades with $1,000 (! on average - meaning someone can be with $10, or $1,990 or much more or much less). Let's assume each of them earns 20% annually net of fees, inflation, etc. (actually to achieve even this 20% is not that easy Wink

). So that implies that:

9.6 million of traders x 50% of successful ones according to you $1,000 avg. balance x (1 + 20%) ^ N, where "N" stands for the number of years

What you get? - in 1 year, those 50% in total will be trading $5.7 billions - in 2 years, they will trade $6.9 billion, and so on... assuming average trader trades for 15 years (doesn't need to be precise), they will be collectively trading $73,953,703,558 = $74 billion! Oh, and yes we forgot to include newcomers in these 15 years, and funds, and corporates, and banks. You can do the math with 50% success...

Quote from: abel1337 on Today at 03:09:03 AM

Is this only for the crypto market? I think 1% is too low, I really don't think that only 1% survives trading that earned a profit in the long run. I think those other than the 6.5% active traders are mostly traders who come and go when they see an opportunity and don't actively trade.

Can you provide us some context of this research results on how is this conducted, where does the resulting base, and what kind of platform does this research base?

Read above...

Quote from: Pamadar on Today at 03:29:07 AM

That highlighted word is really appropriate in terms of traders performance.

Most are impatient thinking that this venue of investment is really easy, they've got a wrong impressions and with negative experienced
they'll be moving away that easy, giving it up and not to bother to continue instead of working more and learn more to established a much better patterns and winning strategy.

There's no "winning strategy" at all, it must always be changing and adapting to different markets, assets, situations, contexts, otherwise your balance will quickly drop to $0

Quote from: Bvvvp009 on Today at 04:36:34 AM

I think Discipline is the key in trading, from many reads i understand that first two years are the learning. Then conclud Trading is the best option or not.

Why wouldn't you then just handle money to someone who passed these 2 years of learning and showed good results? We, as being rational (not always though) human beings aim to maximize ROI from anything we do. And here you make a choice: 1) waste 2 years + money lost in 2 years + not sure if can succeed after 2 years, vs. 2) handle money to proven professionals and let them do their job?