I agree for beginners to avoid using large capital for trading, because the risk of losing money is very large. It's a shame we lost a lot of money
when we started learning to trade, if we use a small capital we can consider the losses we experience when trading, as the cost of learning to trade.
For beginners to be successful, takes a long time in my opinion. Can't judge for 30 days, because it's not easy being a successful trader. It must
be remembered that trading is not as easy as we imagine, there are many things that we must learn to become successful traders. I have been
trading crypto for more than 5 years, and until now I have never stopped learning. Especially other people's trading experience can be a valuable
lesson for us. So my advice is not to be too satisfied with the results of the trades that we do in 30 days, there are still many things that need
to be learned in trading.
It is hard to say that 30 days to conclude if we can use more money to trade because that will depend on how good our result is. If we can make a profit, especially make a big profit and many times but that does not mean, we can add more money to trade. If you think you can use bigger money to earn a bigger profit, you can try that but the risk will be bigger. Even if we can improve our skills better, we still need to learn more about trading because the market will always change.
I don’t think there is any rule that is more important than the other, no. It’s just like food and water, you cannot take one away from the other, because you need the both of them to live. That’s how it is in this case, you need all of them in your trading business so you can succeed in it.
Yes, you do need to start small, but what’s the need of starting small when you have no knowledge or skills on how to trade? You’re just going to keep losing those small amount of money until you have lost all of them. Losing your first trade doesn’t automatically mean that you have gained an experience that will make your second trade better. So you have to learn first before you start trading. And moreover there are demo trades these days.
I assume that before we trade, we learn some lessons and we need to practice for what we learned. If you can practice based on what you learn, you will see what you need to learn more to get better trade. Losing your first trade can give you experience and know what you should learn to be better. Maybe that will not give you the right clue or information, but you can know what you need to learn next. Using demo trades is a solution and prevents losing money and that can work too.
