Post
Topic
Board Trading Discussion
Re: Why people mostly fail in trading
by
Fredomago
on 23/12/2024, 11:45:17 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.

One reason that I think is reasonable enough to support your statement is because traders often forget all their planning when they see a profit opportunity when they are already in the market, some natural traits often interfere and affect all the planning that they have previously implemented such as greed, inability to accept the risk of loss or doubt when opening a trade which in the end usually all of that leads them to losses.

But I think that is something natural because in any case a beginner must need time to adapt to every positive or negative situation they experience, experience will tell them and something that was initially unusual will eventually become accustomed to over time if they can be consistent.

I agree to your point as there are factors that really change the mentality of some traders, both greed and fear that comes out when they are in the process and while waiting for the market to move, it's no an easy task following your set limits or following the strategy that supposedly you are planning to execute. Temptation and such fear inside you can change the direction of your target and may lead you losing your position and the amount that you set for your investment.