I don't totally agree with this, if you avoid from day trading, you'll never risk.
Sure, there is a risk, and it's risky since newbie have limited knowledge and less experience but risk can be minimize by trading with a small amount of money and that's the right thing to do, a newbie can learn along the way until he develop himself and become a successful trader.
Topic: AVOID trading at all costs, unless.... - page 2. (Read 951 times)
Many newbies are carried away by emotions durring trading. They get to attached with a coin that they don't know when to exit or hodl a coin. I will advice them to learn from experinced traders its more beneficial and reduces unnecessary loss
Newbies do not learn to trade if they do not experience it by themselves. Of course, we have to know first the basic knowledge. Before, I also do some long term trades until I was interested to enter margin trading. If we have initiation qithin us to learn some technical analysis, there is no impossible that we can achieve what we are aiming to learn. DYOR. That is my advice.
I disagree with your opinion. The most important thing in the knowledge of any business is practice. If there is no practice, then all futile. Of course, you can read a lot of books and articles about trade, but still get real knowledge and experience only through practice. I know of cases where people make trade without proper knowledge. And they make a lot of money.
Even new investors should learn some basics on cryptocurrencies even if they are investing for long term. They should have knowledge on risk management and be prepared for any eventualities in the future because of high volatilities and unpredictable nature of bitcoin. I also experienced losses and mistakes in my early days of trading but I learned from it very well and managed to improve it.
We know that crypto trading isn't just an easy job and yet, it needs the knowledge to make it succeed. Will all the loses we've been encounter is all a part of crypto and nit really a thing to think that we don't have future in trading. It's up to us have to face the challenge and how to manage ourself to make it right.
Even new investors should learn some basics on cryptocurrencies even if they are investing for long term. They should have knowledge on risk management and be prepared for any eventualities in the future because of high volatilities and unpredictable nature of bitcoin. I also experienced losses and mistakes in my early days of trading but I learned from it very well and managed to improve it.
Seems as if the message was directed to someone. Me particularly, i have traded many times hoping that my sell out was the pick but obvious not. i watched the price increased to another high. stupidly, i went back hoping that i can play the game. unfortunately, i lost. almost everything. trading is for real time professionals not just for newbies.
Truth is that trading is not for everyone and I'm not talking about the so called 'professionals' because they sometimes get burnt too.
Trading is for those who are willing to take the risk and knows when to dive in and when to back out. It is just like gambling. It takes long practices and mastery to be perfect in it. Sometimes, there could be gain, sometimes lost. Though, I still feel hodling is the best.
Yes, trading is about money and when we don't have good skills and experience it will only make a loss, but when we can be sure of trying to use money that can be lost, then I don't think it's a problem. But indeed, it would be better just to invest in long-term, but in this case it also does not guarantee to make a profit, because good research before investing is very important. The conclusion is always to learn everything first before regretting it in the end.
Best advice you could give a newbie who wants to start trade is that maybe they first learn the basics of trading, then move into real trading with small amounts of capital that they can avoid to lose and then after sometime they can perfect their trading practices and strategies.
You don't even have to use real money to trade. You can choose to paper trade or use one of the plenty available apps allowing you to trade with non existing money. It's something I have done at the very beginning too.Psychologically there surely is a difference between trading with non existing money and real money, but the basics matter here. You will figure out what strategies pay off and what strategies are shit.
I am however of believe that there is no such a thing as perfection in trading. Perfection means that you will always profit, and this is something even the best wall street traders aren't capable of doing. Not realistic at all.
The challenge we are having in cryptocurrency trading is volatility and pump and dump activities. I see that this cryptocurrency market needs to be stable a bit. To trade it needs a lot of skills and experience as technical set up does not always mean that the market has changed directions but as the most time, the pump and dump group will change the directions at will.
How does someone learn how to trade then if they don't practice then?
Not everyone is a hodler.
If someone wants to do day trading, they have got to start form somewhere. Best advice you could give a newbie who wants to start trade is that maybe they first learn the basics of trading, then move into real trading with small amounts of capital that they can avoid to lose and then after sometime they can perfect their trading practices and strategies.
That's how experienced traders are made. Not by just cowering
Not everyone is a hodler.
If someone wants to do day trading, they have got to start form somewhere. Best advice you could give a newbie who wants to start trade is that maybe they first learn the basics of trading, then move into real trading with small amounts of capital that they can avoid to lose and then after sometime they can perfect their trading practices and strategies.
That's how experienced traders are made. Not by just cowering
I agree with your opinion, but newbie really needs to practice and stop reading investment theory.
I also used to be a bad trader because I read too much and when I started trading, I couldn't control what was going on and didn't apply the knowledge I had learned.
We really should trade BUT with small capital, from $ 200- $ 500 to check our strategies. that's the way to develop knowledge and experience.
I also used to be a bad trader because I read too much and when I started trading, I couldn't control what was going on and didn't apply the knowledge I had learned.
We really should trade BUT with small capital, from $ 200- $ 500 to check our strategies. that's the way to develop knowledge and experience.
...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.
Too many newbies get burnt.
Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.
There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span.
My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.
Best of luck.
Too many newbies get burnt.
Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.
There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span.
My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.
Best of luck.
You will need experience to get better in trading. There is no perfect trader but the risk involved in trading is manageable. Self control and discipline contributes to becoming a profitable and safe trading.
Of course newbies should always have to learn first the fundamentals, risk management and technical analysis. Then slowly apply them to live trading. The common mistake is going full on without even knowing any basics. We do not call that trading. It's gambling.
And you do not chase that 2k uptick after you sold. You are a trader. You hit your target, you get out. There is always another opportunity to earn more.
Everybody is a newbie at some point of time. This doesn't mean they should not try for what they desire.
Failing are the stepping stones to success. Avoiding trade just because they are new to it wouldn't be the advice I would give to somebody.
In my opinion a person should try and learn from their mistakes. This is how they grow and evolve and get experienced in that field.
Failing are the stepping stones to success. Avoiding trade just because they are new to it wouldn't be the advice I would give to somebody.
In my opinion a person should try and learn from their mistakes. This is how they grow and evolve and get experienced in that field.
If you never try it, you will never gain and overcome it.
Newbie should be positive about the trading and should first focus on learning the trading. Everyone makes mistakes initially and no one is born to be expert from day one. All those successful traders out there were newbies traders who used to do a lot of mistakes.
Mistakes isn't the thing we have to worried about but it is our mind who think negatively.
Seems as if the message was directed to someone. Me particularly, i have traded many times hoping that my sell out was the pick but obvious not. i watched the price increased to another high. stupidly, i went back hoping that i can play the game. unfortunately, i lost. almost everything. trading is for real time professionals not just for newbies.
Newbies become professional if he wants to pursue his trading life. In fact, those professional traders are coming from newbies and they also experience loses before they learn a lot. There is no perfect person in trading, yet they all can be a loser but of course, if you have knowledge and passion in trading you can just minimize it. 
Seems as if the message was directed to someone. Me particularly, i have traded many times hoping that my sell out was the pick but obvious not. i watched the price increased to another high. stupidly, i went back hoping that i can play the game. unfortunately, i lost. almost everything. trading is for real time professionals not just for newbies.
No one became a professional overnight, they all started off as newbies/starters, and there is no chance in hell that trading is gonna be easy, it takes quite a lot of hard work and studying(most especially for day trading)If you are not confident in your trading skills or you feel it's not working for you, the best thing to do is take a break for a while and develop yourself more or simply trade long term.
unfortunately, i lost. almost everything
Hope you didn't invest more than you can lose, that's the first rule to learn ...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.
Too many newbies get burnt.
Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.
There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span.
My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.
Best of luck.
Too many newbies get burnt.
Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.
There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span.
My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.
Best of luck.
This is normal at first because you don’t have much experience yet but the more you trade the better you will become. Just continue on researching, study graphs, read articles and watch videos, it will help you in creating a good strategy in trading. In my opinion, you can trade both short and long term but you got to have the experience to do it and do it right.
Seems as if the message was directed to someone. Me particularly, i have traded many times hoping that my sell out was the pick but obvious not. i watched the price increased to another high. stupidly, i went back hoping that i can play the game. unfortunately, i lost. almost everything. trading is for real time professionals not just for newbies.
For me, don't avoid trading, especially if you want to become an expert in trading. You must know about trading ( skills, knowledge, techniques and also a massive research analyst) if you're going to call your self a pro, so if you are a newbie and losing affordable money, so be it. I’m sure that all trader lose money is either massive or a meager amount. Just don’t spend or invest some money that you can’t afford to lose. 
Yes dont lose hope on trading even if you dont have any skill on technical analysis or reading candle etc. because experience on trading is a good learning to achieve your goal. I'm sure all trader that entering in trading industry experience to losing trade.
Everybody is a newbie at some point of time. This doesn't mean they should not try for what they desire.
Failing are the stepping stones to success. Avoiding trade just because they are new to it wouldn't be the advice I would give to somebody.
In my opinion a person should try and learn from their mistakes. This is how they grow and evolve and get experienced in that field.
Failing are the stepping stones to success. Avoiding trade just because they are new to it wouldn't be the advice I would give to somebody.
In my opinion a person should try and learn from their mistakes. This is how they grow and evolve and get experienced in that field.
If you never try it, you will never gain and overcome it.
Newbie should be positive about the trading and should first focus on learning the trading. Everyone makes mistakes initially and no one is born to be expert from day one. All those successful traders out there were newbies traders who used to do a lot of mistakes.
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