95% of Day Traders Lose Their Deposits: Why? 

I ran across an interesting statistic that says 95% of day traders end up trading at zero. Some even suggest this figure is optimistic, claiming the actual numbers are even worse! 

Many beginners give up after their first losses. They feel hopeless and disheartened. What can I say? Market dynamics are tough, and Bitcoin is no exception. Even with the best asset in hand, emotions often cloud judgement, especially when navigating an unfamiliar playing field. 

So, why do many people jump into trading? There is a certain allure of the trader lifestyle. They think they will lounge by the pool with cocktails in hand, while money effortlessly rolls in. But reality paints a harsher picture:

• 80% of day traders quit within two years

• 40% give up trading in a month 

• Only 13% remain active in 3 years, and this figure reduces to 7% in 5 years

Besides, their losses are staggering. Trading, it seems, is far from a dream job for most. Yet, some persist despite repeated failures, learning hard lessons along the way. Why do so many struggle? Often, it’s because they underestimate the psychological toll and can’t manage their emotions effectively.

For newcomers eager to profit from cryptocurrencies, a less stressful strategy might be to hold coins instead of trading actively. Time and time again, holding has outperformed trading in returns—sometimes allowing investors to enjoy that cocktail by the pool after all.

#trading #crypto #hodl