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Which Caused the Failure of Trading For A Living

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zanurreload

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Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.


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#1 - February 09, 2019, 11:20:06 PM

Tahajud

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In my opinion, most traders who fail to trade for living are making unrealistic targets, so trading will be full of pressure and the results will definitely be a continuous loss. Lots who hopes with small capital but wants huge profits in a short time. So that it will actually create frustration and eventually the trading will fail
#2 - February 10, 2019, 12:38:45 AM
« Last Edit: February 10, 2019, 04:04:23 PM by Tahajud »

Malik

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Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.
all of them that cause the failure i think. 
#3 - February 10, 2019, 04:43:23 AM

Ariyudin

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Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.
the third mistake you said, I strongly agree, especially in terms of capital, in my opinion, do not ever use your daily needs or even trade using a loan because it will cause severe depression when you become MC even though it is clear that forex is a high risk business sacrifice our lives.
#4 - February 10, 2019, 09:26:44 AM

rinshei

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Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.
trading for living is okay if you know very well the market and you got consistent profit, these 3 thing u said is definetely for newbie trader, they dont know much about trading and set unrealistic target trading for living ahaha
#5 - February 10, 2019, 09:37:01 AM

antdmx

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Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.
I think only number 3 is the reason for failure trading. Because if you have enough knowledge and experience, you will not make unrealistic expectations.
Also you will use good money management so there will be no source of capital that is inappropriate.
#6 - February 10, 2019, 09:53:35 AM

bagaskara30

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in my opinion that makes a failure in trading is the desire for large profits in a very short time that will plunge us into a margin call
#7 - February 10, 2019, 03:30:25 PM

Aranchar

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Quote from: Tahajud on February 10, 2019, 12:38:45 AM
In my opinion, most traders who fail to trade for living are making unrealistic targets, so trading will be full of pressure and the results will definitely be a continuous loss. Bayak who hopes with small capital but wants huge profits in a short time. So that it will actually create frustration and eventually the trading will fail
I agree with you
because if you stand with big ambitions it's not the advantage that we get to lose
because high targets require us to make a lot of profit
#8 - February 10, 2019, 03:38:16 PM

Purple

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I agree with your statement point 2 is very burdensome and I experienced it ... my advice is to trade not on the target because it can affect the psychological
#9 - February 10, 2019, 03:43:46 PM

zhamal andreal

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Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.
very true, if a trader uses a lot of hope in forex it only becomes a burden for the trader and will affect his psychology, and from all that happens the name is akaibat greedy most of the hopes, try a traderbisa trading with ease and sufficient discipline and patience maybe there will be luck
#10 - February 10, 2019, 03:52:27 PM

rafid

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unrealistic expectation is the common problem, many people want to get rich with low amount of money, so they increased their lots, this is very bad for trading because our account will get blown easily. so i think traders need to fix their mindset before start to trade forex
#11 - February 10, 2019, 04:01:15 PM

Tahajud

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Quote from: Aranchar on February 10, 2019, 03:38:16 PM
I agree with you
because if you stand with big ambitions it's not the advantage that we get to lose
because high targets require us to make a lot of profit
great ambition must be followed by good quality abilities and sufficient capital. With this, our trading will not be burdened and can be comfortable in doing so even though we have big targets



#12 - February 10, 2019, 04:06:10 PM

Aranchar

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Quote from: Tahajud on February 10, 2019, 04:06:10 PM
great ambition must be followed by good quality abilities and sufficient capital. With this, our trading will not be burdened and can be comfortable in doing so even though we have big targets


Initially a beginner trader has a great ambition
will ttei not be spoiled with good trading ability
they only look for good techniques
#13 - February 10, 2019, 04:08:10 PM

Alim muntolib

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Quote from: Aranchar on February 10, 2019, 04:08:10 PM
Initially a beginner trader has a great ambition
will ttei not be spoiled with good trading ability
they only look for good techniques
right bro, and that applies to all beginner traders who are always looking for the perfect technique, so they tend to always move to the way they are entry, from one technique to another. So forget about learning money management and trading psychology.
#14 - February 10, 2019, 04:21:20 PM

Aranchar

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Quote from: Alim muntolib on February 10, 2019, 04:21:20 PM
right bro, and that applies to all beginner traders who are always looking for the perfect technique, so they tend to always move to the way they are entry, from one technique to another. So forget about learning money management and trading psychology.
I see a lot for beginners who are only looking for techniques that are really good and 100%

I think there is no perfect technique in forex
#15 - February 10, 2019, 04:25:06 PM
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