Post
Topic
Board Trading Discussion
Re: Why people mostly fail in trading
by
JeffBrad12
on 22/12/2024, 06:19:09 UTC
Everything you said is correct, op, but you know that even if traders know a lot about crypto trading theory, when it comes to actual trading, they still haven't been able to properly and correctly apply what they learned in theory about trading.

Because no matter how deep they know about trading theory, if the technical and fundamental analysis is wrong, even if what they studied is correct,
the results will still not be correct.

seen plenty of traders who knows really well their way around trading crypto, going as far as always reading book about market fundamentals and so on, I'd say they mostly got their TA and fundamental analysis correct if they're smart enough to figure it out based on the book they learnt from, but one thing that keep making these traders with extensive knowledge fail is the mental pressure, they just can't tolerate the draw down if market deviates a little bit from their prediction which honestly kinda normal as long as it doesn't reach invalidation point and then they cut lose too soon of their position.

do that 5-10x and you'll have no money left, like the recent flash dump, people cut their lose even after buying near bottom because price just keeps tanking but few minutes later price recovered fast and had they didn't cut lose they would've made quite the profit. this includes me though Grin. just cut lose too soon on my position recently.