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Why Most Traders lose Money

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kasugha

kasugha

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Apr 24, 2020
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Kasugha
Why Most Nigerian Traders Lose Money (With Real Examples)
Most traders on the NGX think losses come from bad luck.
It doesn’t.
The real problem is simple:
No plan before entering trades.
Example:
You see FBN Holdings Plc moving fast…
You jump in because “it’s active.”
No strategy.
Suddenly, it pulls back.
Now you’re confused—hold or sell?
Another example:
Transnational Corporation Plc rallies hard.
Everyone is talking about it.
You buy late…
Then momentum fades.
That’s how most people get trapped.
Fix it with 3 key questions:
• Why am I entering?
(e.g., breakout on Dangote Cement Plc)
• Where am I wrong? (stop-loss)
• Where do I take profit?
If you can’t answer all three clearly—don’t trade.
This week, focus on a few stocks like:
United Bank for Africa Plc
Access Holdings Plc
GTCO Plc
Study them daily.
The market rewards structure—not hype.
 
  • Like
Reactions: Benjamin E Housel and 02Emmy
kasugha said:
Why Most Nigerian Traders Lose Money (With Real Examples)
Most traders on the NGX think losses come from bad luck.
It doesn’t.
The real problem is simple:
No plan before entering trades.
Example:
You see FBN Holdings Plc moving fast…
You jump in because “it’s active.”
No strategy.
Suddenly, it pulls back.
Now you’re confused—hold or sell?
Another example:
Transnational Corporation Plc rallies hard.
Everyone is talking about it.
You buy late…
Then momentum fades.
That’s how most people get trapped.
Fix it with 3 key questions:
• Why am I entering?
(e.g., breakout on Dangote Cement Plc)
• Where am I wrong? (stop-loss)
• Where do I take profit?
If you can’t answer all three clearly—don’t trade.
This week, focus on a few stocks like:
United Bank for Africa Plc
Access Holdings Plc
GTCO Plc
Study them daily.
The market rewards structure—not hype.
Click to expand...
Hmmmm this is deep and cut deep into what actually happens on ngx. People are often affected by FOMO. Thank you for this!
 
  • Like
Reactions: kasugha
kasugha said:
Why Most Nigerian Traders Lose Money (With Real Examples)
Most traders on the NGX think losses come from bad luck.
It doesn’t.
The real problem is simple:
No plan before entering trades.
Example:
You see FBN Holdings Plc moving fast…
You jump in because “it’s active.”
No strategy.
Suddenly, it pulls back.
Now you’re confused—hold or sell?
Another example:
Transnational Corporation Plc rallies hard.
Everyone is talking about it.
You buy late…
Then momentum fades.
That’s how most people get trapped.
Fix it with 3 key questions:
• Why am I entering?
(e.g., breakout on Dangote Cement Plc)
• Where am I wrong? (stop-loss)
• Where do I take profit?
If you can’t answer all three clearly—don’t trade.
This week, focus on a few stocks like:
United Bank for Africa Plc
Access Holdings Plc
GTCO Plc
Study them daily.
The market rewards structure—not hype.This is so true, investing is just about having a strategy...
Click to expand...
 
  • Like
Reactions: kasugha
kasugha said:
Why Most Nigerian Traders Lose Money (With Real Examples)
Most traders on the NGX think losses come from bad luck.
It doesn’t.
The real problem is simple:
No plan before entering trades.
Example:
You see FBN Holdings Plc moving fast…
You jump in because “it’s active.”
No strategy.
Suddenly, it pulls back.
Now you’re confused—hold or sell?
Another example:
Transnational Corporation Plc rallies hard.
Everyone is talking about it.
You buy late…
Then momentum fades.
That’s how most people get trapped.
Fix it with 3 key questions:
• Why am I entering?
(e.g., breakout on Dangote Cement Plc)
• Where am I wrong? (stop-loss)
• Where do I take profit?
If you can’t answer all three clearly—don’t trade.
This week, focus on a few stocks like:
United Bank for Africa Plc
Access Holdings Plc
GTCO Plc
Study them daily.
The market rewards structure—not hype.
Click to expand...
Most traders treat the NGX like a casino, they focus on what happened, not how likely it is to happen again.

Professional investors reverse this: they bet on probability distributions, not headlines. They also recognize that losing trades are part of the system, as long as risk is controlled and average gains exceed average losses.
 
kasugha said:
Why Most Nigerian Traders Lose Money (With Real Examples)
Most traders on the NGX think losses come from bad luck.
It doesn’t.
The real problem is simple:
No plan before entering trades.
Example:
You see FBN Holdings Plc moving fast…
You jump in because “it’s active.”
No strategy.
Suddenly, it pulls back.
Now you’re confused—hold or sell?
Another example:
Transnational Corporation Plc rallies hard.
Everyone is talking about it.
You buy late…
Then momentum fades.
That’s how most people get trapped.
Fix it with 3 key questions:
• Why am I entering?
(e.g., breakout on Dangote Cement Plc)
• Where am I wrong? (stop-loss)
• Where do I take profit?
If you can’t answer all three clearly—don’t trade.
This week, focus on a few stocks like:
United Bank for Africa Plc
Access Holdings Plc
GTCO Plc
Study them daily.
The market rewards structure—not hype.
Click to expand...
My opinion, most traders tend to lose money cause trading itself has a lot of high risk compare to investing....
Now relating to your article, People or some traders jump into FBN Holdings Plc or Transnational Corporation Plc just because they’re moving, without any plan that’s where the problem starts.
Having a clear entry, stop-loss, and target changes everything.
Focusing on names like United Bank for Africa Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc makes sense too, better to study a few stocks well than chase everything.
 
  • Like
Reactions: kasugha
Crystal said:
Hmmmm this is deep and cut deep into what actually happens on ngx. People are often affected by FOMO. Thank you for this!
Click to expand...
That's it, and made them to either cut their loses thinking that's the best approach, but if you defined your entry and capital risking, I don't think fomo should hold any trader
 
Benjamin E Housel said:
Most traders treat the NGX like a casino, they focus on what happened, not how likely it is to happen again.

Professional investors reverse this: they bet on probability distributions, not headlines. They also recognize that losing trades are part of the system, as long as risk is controlled and average gains exceed average losses.
Click to expand...
You're right sir, cause not all trades are guaranteed for profit
 
Benjamin E Housel said:
Most traders treat the NGX like a casino, they focus on what happened, not how likely it is to happen again.

Professional investors reverse this: they bet on probability distributions, not headlines. They also recognize that losing trades are part of the system, as long as risk is controlled and average gains exceed average losses.
Click to expand...
Bravo sir
 
  • Like
Reactions: kasugha
Amazing!
Mr.Simon said:
My opinion, most traders tend to lose money cause trading itself has a lot of high risk compare to investing....
Now relating to your article, People or some traders jump into FBN Holdings Plc or Transnational Corporation Plc just because they’re moving, without any plan that’s where the problem starts.
Having a clear entry, stop-loss, and target changes everything.
Focusing on names like United Bank for Africa Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc makes sense too, better to study a few stocks well than chase everything.
Click to expand...
 
  • Like
Reactions: kasugha
Benjamin E Housel said:
Most traders treat the NGX like a casino, they focus on what happened, not how likely it is to happen again.

Professional investors reverse this: they bet on probability distributions, not headlines. They also recognize that losing trades are part of the system, as long as risk is controlled and average gains exceed average losses.
Click to expand...
Absolutely right and on point
 
Mr.Simon said:
My opinion, most traders tend to lose money cause trading itself has a lot of high risk compare to investing....
Now relating to your article, People or some traders jump into FBN Holdings Plc or Transnational Corporation Plc just because they’re moving, without any plan that’s where the problem starts.
Having a clear entry, stop-loss, and target changes everything.
Focusing on names like United Bank for Africa Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc makes sense too, better to study a few stocks well than chase everything.
Click to expand...
Absolutely
 
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