advice for a beginner - page 4. | Bitcointalksearch.org

$weetne$$

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Quote from: laijsica on August 29, 2024, 07:38:52 AM

Investors face financial losses in their trading to lack of solid planning and patience. but they should be make profits with better trading policy. If they can buy at regular intervals and patiently ensure proper use of their capital in the market, they can reap huge profits. Instead of looking at the price chart for regular sales, you should increase your buying by selecting the currency to invest initially, which can diversify your investment in the future.

Impatience has caused many traders to lose money as well as patience has caused them too to lose money. All beginners think just having patience when trading is going to make them to make money but it would not. Patience is good but at times when you have too much of it. It will lead you to losses because it is not every time that the market will recover and when you are trading altcoins that are not Bitcoin, you can not be sure that the market will recover. Some altcoins are on their way of dipping and it is better you sell with the loss that you already have and move on to the next trade with more caution. Trading comes with losses and winning therefore you have to be ready for anyone that happens and learn from them because it can help you in the next trades that you will be making.

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Quote from: Yeesha on August 28, 2024, 05:53:13 PM

It is unfortunate to some people, they spent a lot of year suffering the losses and they enjoy it at the end, they were just being patient and also they were ready to bear the consequences on whatever happens to them t
In trading process, and that is how you will be able to become a successful trader, you can't expect yourself to earn money the very moment your started trading.

All jobs do have a process and it must be enjoyed over time without having to complain about what happens when trading on a particular exchange. I don't judge it as a misfortune for those who have ever suffered losses through trading to the point of having to be patient in order to recover their lost capital. Because traders who have lost through their trading will definitely have a strong enough mentality and also perfect learning when they start again carefully and don't make decisions carelessly in any condition.

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Quote from: Cryptoababe on June 01, 2024, 09:38:15 AM

Quote from: AnonBitCoiner on May 31, 2024, 01:14:49 PM

Choosing a top and better coin is necessary but for getting profit from it one has the ability to read the market chart and go ahead according to the predictions. Not everything is easy but numerous efforts, increased knowledge, command on your decision and ability to read the price are very crucial.

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

Investors face financial losses in their trading to lack of solid planning and patience. but they should be make profits with better trading policy. If they can buy at regular intervals and patiently ensure proper use of their capital in the market, they can reap huge profits. Instead of looking at the price chart for regular sales, you should increase your buying by selecting the currency to invest initially, which can diversify your investment in the future.

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Quote from: Vinaa77 on June 04, 2024, 09:46:10 AM

Self-control when trading is of course very important for everyone who trades even though they have traded and made a profit, because someone who trades without being able to control themselves will certainly do so with greed and this will be very detrimental to them. naturally.
When we understand well, of course we will be able to trade based on the knowledge we have and this will help us to make the right decisions on the trades we make and this will enable us to gain profits from the trades we make.

This is the closest to us, but this is also what then becomes very difficult to learn and understand, yes, it is ourselves. Sometimes we feel that we already know ourselves very well, when in fact we don't at all. This concerns everything that is in us, namely fear, greed, mentality and so on. Are we really sure that we already know ourselves very well? I think not many people know and understand themselves very well. I think before we learn about anything, it would be better if we learn about ourselves. That way we know how far our ability is in understanding something and what our shortcomings are. In the world of trading this will help, because besides having extensive knowledge about the market, we must also be able to control ourselves well.

Yeesha

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Quote from: mk4 on March 20, 2024, 08:11:45 PM

You literally just started a month ago. Most people don't earn from their trading for years. Trading is really not something you can expect to earn money early on.

Quote from: yassino on March 20, 2024, 07:43:01 PM

Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up.

You trading doesn't mean you can't have a long-term portfolio. You can do both trading and investing(as most successful people in this space do).

It is unfortunate to some people, they spent a lot of year suffering the losses and they enjoy it at the end, they were just being patient and also they were ready to bear the consequences on whatever happens to them t
In trading process, and that is how you will be able to become a successful trader, you can't expect yourself to earn money the very moment your started trading.

zenaku

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Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

What is your language, Spanish? If so, it's a pleasure to greet you, I'm a newbie, write to me to give us signals telegram @zenaku_dev

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Quote from: Mr.sprin on June 01, 2024, 10:36:17 AM

Quote from: Cryptoababe on June 01, 2024, 09:38:15 AM

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

For beginners, first learn the basic knowledge to control ourselves so that undesirable things don't happen. By studying this first before jumping straight in, it can make us more or less aware of what we are doing, so that we don't try without any basic knowledge. knowledge about what the city does, and also we can control our emotions so that they are stable and not rush into taking steps that end in disappointment due to our own mistakes because we did not base them on sufficient knowledge.

Self-control when trading is of course very important for everyone who trades even though they have traded and made a profit, because someone who trades without being able to control themselves will certainly do so with greed and this will be very detrimental to them. naturally.
When we understand well, of course we will be able to trade based on the knowledge we have and this will help us to make the right decisions on the trades we make and this will enable us to gain profits from the trades we make.

Ever-young

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Quote from: shawonngp on March 21, 2024, 04:10:12 AM

Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You started trading from a month ago, It's nothing in crypto trading. Don't hurry in trading, learn it gradually because it's a long time process to understand market, other technical strategies. If you have lack of knowledge you can not recover your loses. Those people's are definitely experienced in this sector and they taken risk with random coins to make high profits.

I totally agree with you, before being part of crypto, we first understand the rules and regulations of it, that is we should first of all, have the basic knowledge about it, know what it takes to be an investor or a trader, asking questions or doing research to understand better, crypto is not something we should just rush into, it's a gradually process and I don't think it's something that will expire or lose its value anytime soon, so let's just take our time, to study it very well, although it's everything we learn and know in a day but with those basic knowledge and know how to apply them, it will saves us from falling into a victim of losing and also we not relent of not seeking advice or suggestions from our elders in anything we don't understand or we don't know how to go about it, remember it's not everything we know and we do learn everyday as time goes on.

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Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Do you do Future trading? If so, it's better to avoid it, try trading on the spot market first so that you can start learning how to analyze the market better. Then on to the future. because future trading is very risky, it can even make your money run out in just a few hours. For this reason, it requires emotional maturity, understanding and knowledge, as well as several other skills to reduce the risks involved in future trading. However, in the spot market, this will have lower risks because if the market suddenly drops, then you won't lose money as long as you are still holding them.

Quote from: Cryptoababe on June 01, 2024, 09:38:15 AM

Quote from: AnonBitCoiner on May 31, 2024, 01:14:49 PM

Choosing a top and better coin is necessary but for getting profit from it one has the ability to read the market chart and go ahead according to the predictions. Not everything is easy but numerous efforts, increased knowledge, command on your decision and ability to read the price are very crucial.

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

Yes, knowledge is very important. And to increase our understanding of it all, of course we have to be diligent in reading and studying trading, and understanding it well. Then, strengthening your understanding of the knowledge is also necessary because learning by doing is usually very helpful. Of course, there is always a risk of failure. For this reason, it is better to use a little capital first at the beginning of trading to minimize the risk and increase the loss of money.

Cryptoababe

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Quote from: Mr.sprin on June 01, 2024, 10:36:17 AM

Quote from: Cryptoababe on June 01, 2024, 09:38:15 AM

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

For beginners, first learn the basic knowledge to control ourselves so that undesirable things don't happen. By studying this first before jumping straight in, it can make us more or less aware of what we are doing, so that we don't try without any basic knowledge. knowledge about what the city does, and also we can control our emotions so that they are stable and not rush into taking steps that end in disappointment due to our own mistakes because we did not base them on sufficient knowledge.

That's one thing. Leaning the basics is important. And this is to prevent learning in the hard way. I think most beginners always want to go trough this stage
Do you mean knowledge about what the coin does or what the city does?
If its what the coin does, that's also one thing to take note of. Knowing that will make them know the potential of the coin and probably the highest marketcap it can possibly attain.

Mr.sprin

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Quote from: Cryptoababe on June 01, 2024, 09:38:15 AM

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

For beginners, first learn the basic knowledge to control ourselves so that undesirable things don't happen. By studying this first before jumping straight in, it can make us more or less aware of what we are doing, so that we don't try without any basic knowledge. knowledge about what the city does, and also we can control our emotions so that they are stable and not rush into taking steps that end in disappointment due to our own mistakes because we did not base them on sufficient knowledge.

Cryptoababe

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Quote from: AnonBitCoiner on May 31, 2024, 01:14:49 PM

Choosing a top and better coin is necessary but for getting profit from it one has the ability to read the market chart and go ahead according to the predictions. Not everything is easy but numerous efforts, increased knowledge, command on your decision and ability to read the price are very crucial.

Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

AnonBitCoiner

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Quote from: Cryptoababe on May 31, 2024, 09:11:32 AM

Honestly, the best way is to learn from your loss. Seeing coins that boost doesn't mean the one you are currently trading won't also pump with time if you long. And always set stop loss to the amount you can afford to lose. I mostly set partial stop loss during bull market whenever I long my position and this is to avoid getting liquidated. Crypto is complicated but there is time for every legit coin or project. Just know how the chart flows and play along with it.

Those are not wise individuals who give up just after a single loss and those who utilize these losses to learn something better will be successful in future so I think we all should accept the losses and do something good to overcome or eliminate such losses.

Stop loss is a better tool that can minimize your loss but for it skills are required and it is also not easy to be used by anyone. Knowledge will make you a better trader and you should be familiar with all the strategies and equipment which can enhance your success rate.

Choosing a top and better coin is necessary but for getting profit from it one has the ability to read the market chart and go ahead according to the predictions. Not everything is easy but numerous efforts, increased knowledge, command on your decision and ability to read the price are very crucial.

Cryptoababe

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Honestly, the best way is to learn from your loss. Seeing coins that boost doesn't mean the one you are currently trading won't also pump with time if you long. And always set stop loss to the amount you can afford to lose. I mostly set partial stop loss during bull market whenever I long my position and this is to avoid getting liquidated. Crypto is complicated but there is time for every legit coin or project. Just know how the chart flows and play along with it.

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Quote from: Strongkored on May 31, 2024, 02:14:03 AM

Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You still have a long way to go to make a profit, and losses are something you will face even though you have been trading for years, so you have to get used to it so that losses won't bother you too much, and because you are new, it's better to just focus on one or up to three coins, in fact, I think one is better, and ignore the others and start learning about these coins well so you don't feel lost, and ignore other people's results because you don't know what they have gone through to achieve what they have he's achieved now, wanting the same results as others have achieved will only frustrate you.

Trading in the market and making profits and losses is still in a stage of uncertainty.
This is still the beginners stage of trading and one need to gain that perfection when they can trade without getting frequent loses in the market. Trading is good and we need to get patient for us to be making consistent profits from the market.
Once we are able to attain that level when we can trade without having loses that is bigger than our current profits, then we are gaining the skill to trade well in the market to become a good trader.

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Quote from: Gaza13 on May 29, 2024, 11:28:03 AM

Quote from: $weetne$$ on April 10, 2024, 06:37:22 PM

Beginner think trading is easy because they see alot of people claiming to be successful at trading. Trading can be easy or hard for you depending on how you start trading. If you started by learning how to trade very well from a mentor or a good teacher online, you would not find trading to be hard and you can make money but when you what to learn through shortcuts because you are looking for fast ways to make money therefore depending on trending signals, you would not understand what you have to do to know how to trade well and it will make you to be making different mistakes when you are doing your analysis of the market and be getting a wrong signals. Beginners do have to be ready to sacrifice sometimes to learn how to trade before they can start making money.

Learning something accompanied by a teacher or mentor, I think they gain knowledge much more quickly during discussions compared to learning alone or self-taught. Indeed, if we want to be successful in trading, we have to make a lot of sacrifices, including money or time to learn to analyze the market. Sometimes even someone who is an expert can still get caught up in the harsh world of trading, there is not a single indicator that is truly perfect when analyzing.

Self-study is really difficult and takes a lot of time , and there is no guarantee that we will absorb the knowledge correctly. Therefore , I also think that if someone wants to learn trading, they should find a teacher or advisor to get the right direction .

The path to becoming a professional trader and making profits from trading is extremely difficult and we have to sacrifice a lot, it is not as easy as many newbies dream . For me, to start trading, the first thing we should prepare is to accept losses and it can even last for months or years. I have yet to see anyone become a trader and be able to make a profit in the first few trades and be able to maintain it over the long term . But how many newbies accept this , how many people are willing to accept long-term losses in exchange for lessons and experience ? That's why not many people are successful in trading and trading is not for the masses.

gunhell16

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Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Where did you deposit the $100 exchange? Second, how long does it take to trade? Is it about a few weeks? because that also depends on the exchange that your money or fund went into.

However, since you are a new trader, first learn to know the assets you trade; don't be greedy; don't rush to make money in trading; you should learn as much as possible first. I mean, feed yourself first; you have knowledge about trading.

Strongkored

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Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You still have a long way to go to make a profit, and losses are something you will face even though you have been trading for years, so you have to get used to it so that losses won't bother you too much, and because you are new, it's better to just focus on one or up to three coins, in fact, I think one is better, and ignore the others and start learning about these coins well so you don't feel lost, and ignore other people's results because you don't know what they have gone through to achieve what they have he's achieved now, wanting the same results as others have achieved will only frustrate you.

senyorito123

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Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Be careful as you're new with trading, some of the ponzi schemes were using trading as their shadow. I've been experiencing lots of troubles last year 2022, there's a trading platform not using crypto but rather forex. They've been offering this idea about signals within specific schedule that hits the target. Unfortunately by the span of 4 months, the capital and profit I had wasn't given as pay out by the time my funds increases even bigger.
That's why you shouldn't ignore this piece of advice, because you might also experience it with crypto.

rhodelmabanal

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Quote from: MiF on May 30, 2024, 04:18:07 PM

Quote from: yassino on March 20, 2024, 07:43:01 PM

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

I feel just like what you feel,when i was new in trading i also lose in different coin while some coin are rising the coin that i bought is falling drastically its just like losing while others are earning,sometimes its a matter of choice in every coin maybe they are lucky with the coin they choose and you are not or maybe they are good in choosing while we are not that is why we lose,but all i can say is don't stop believing just continue and you will surely earn maybe not today but there are always tomorrow.

I agree sometimes in our trading journey we will face different loses maybe because we are new and we don't have enough knowledge to choose the good coins,and we will always lose but if we are going to continue and wait for our time maybe we will earn soon,loses is a part of traders life,even expert also lose specially when they are new but if we continue to trade and learn we will earn.

Topic: advice for a beginner - page 4. (Read 2131 times)