Why do people quit stock trading?
Stock trading is one of the most profitable activities, second only to drug trafficking in terms of profitability.
But despite this, there are a large number of people who tried their hand at trading and then gave it up.
I alone have about a dozen acquaintances who were once involved in stock trading and, for various reasons, decided to leave this activity.
Many will be curious about what makes people abandon such a legitimate and lucrative activity as stock trading. Perhaps you shouldn't get involved in it either.
A superficial approach : a person registers with a broker , downloads a trading platform, and immediately begins opening trades, only to become bankrupt within a couple of days.
An interesting fact is that those who start trading on the stock exchange are less likely to quit than those who start trading on Forex.
The reason is that technically, Forex trading seems simpler, and people who choose it start trading immediately, less often studying such important aspects as risk management , technical and fundamental analysis.
It is the desire to make money quickly, without wasting time on training, that becomes the main cause of losses and, as a result, the reason for abandoning further trading.
Typically, such newcomers have already tried their hand at sports betting and gambling, but failed there too.
Changing anything in this case is unrealistic, as without training, it's impossible to consistently earn money on either Forex or the stock market. Therefore, a lack of necessary knowledge is the main cause of significant losses.
Mistakes when choosing a broker - even today, there are a number of companies with which I would not open an account.
The reason for deposit losses at such brokers is not trader errors, but fraudulent actions by the company's managers themselves – manipulation of quotes, independent triggering of stops, and obstruction of withdrawals.
Once a trader encounters such a company, they begin to believe that the Forex market is full of scammers and that it's best to stay away from this area of activity.
For those who are disappointed with brokers, the only advice left is to use brokers with insured liabilities or try their hand at alternative trading options where the possibility of manipulation is excluded.
For example, the same Revolut, yes, the spread in this case is quite large, but at least no one will cheat you and the money stays in your account.
Hard work – if you're not a stock market player, but a real worker, you understand the essence of this statement well. It only seems at first glance that trading is simply sitting at a computer and clicking a mouse.
In fact, you get very tired from the constant stress, monitoring the news, and controlling open trades.
After several years of work, even such an interesting activity as trading becomes routine, and constantly sitting in front of a monitor causes a lot of professional diseases for traders .
It is for this reason that I myself plan to give up regular stock trading in a couple of years, transferring all funds to long-term investment options.
