Topic: Do not hide your hard feelings about trading; share the experiences (Read 405 times)
The idea that commonly get into the head of people who are seeing the progress and success of traders specially the newbies is that, there is a greater possibility to acquire high success rate and that you can eventually have a big future going into trading with Bitcoin as well as with the other crypto. But in reality just like what I have experienced and keep on experiencing for couple of times, hardships and failures are the ones who are making us traders strong to still face trading for we believe that we have the ability to stand and regain possession from what we have been into dump. Failures are part of the success path we are taking on doing trading. Do not be afraid to take risk because you have to make risk work for you. You just need to manage on how you will deal with it.
April 11, 2021, 10:54:37 AM
I think there is really nothing to share about having hard feelings about trading, I mean if you are not doing anything about your emotions that is a problem that is why there is really no reason why you shouldn't really change that, you should keep telling about your feelings and that is why you should not need to come clean at one point, you should be constantly doing that.
When I make some profit I talk about it with my wife and we get happy together and talk about that for hours and really get excited and talk about what we will do when we get rich. Then I lose money and we get sad together and feel upset together and I confine with her and that makes me feel a bit better about it. So long story short when you profit or you lose, you should have at least one person you talk to, even if that is just some "friend" on telegram but you should talk about it.
When I make some profit I talk about it with my wife and we get happy together and talk about that for hours and really get excited and talk about what we will do when we get rich. Then I lose money and we get sad together and feel upset together and I confine with her and that makes me feel a bit better about it. So long story short when you profit or you lose, you should have at least one person you talk to, even if that is just some "friend" on telegram but you should talk about it.
April 10, 2021, 03:06:52 PM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
There is no difference in the way I teach people about trading and the way you have explained it here, exactly what you have said here is what I do when I am teaching people on how to trade and all that, I let them know that there risks and make them understand that it is a difficult task for anyone to do , but with hard work you’re going to be able achieve a high level of profit through trading.What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
I don’t make it seem like it is an easy thing for anyone to do, because if you’re making it seem like it is easy, they wouldn’t be putting a lot of hard work into it to ensure that they don’t fail. You make them understand that it is difficult and then you also make them see reasons why they should give it a try despite the difficulties.
April 10, 2021, 10:10:46 AM
There has been a group of friends that asked me to guide them about crypto,
And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
It's better that you have some friends willing to help you and you're also willing to help them even if you're not yet a good trader. And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
I feel bad when I just sell my token way back in 2018 then suddenly go up when I just woke up. That could be one of my biggest profit if I just stick to my plan and not to be sold it. I guess a lot of traders also experience in entering the market at high price, especially for the beginners. In trading, it's easy to lose your money rather than earning if you have a lack of knowledge and experience.
April 10, 2021, 10:05:25 AM
My first trading experienced was trading in stock market. The experienced of losing money is really bad feeling. However if you are very determine to learn you will never quit. You will be eager to learn trading to gain back what you have lost.
You nailed it...I think, losing is one of the consequences of taking the risk but this could help us to learn more about that particular thing (trading). Having mistakes is inevitable, I didn't know who never experience this but I know that most of us will experience losses. And you right, instead of thinking about quitting, why not encourage ourselves to correct the mistakes that we have before? If we wanted to succeed and reach our goal, we are also willing to change everything we had.
April 10, 2021, 09:25:57 AM
My first trading experienced was trading in stock market. The experienced of losing money is really bad feeling. However if you are very determine to learn you will never quit. You will be eager to learn trading to gain back what you have lost.
April 10, 2021, 08:31:41 AM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
Failure doesn't mean that you should stop working or trading but you should learn from you mistakes and turn them into your experience to gain profits in the long run.We all fail once in our lifetime and we should not be sad about that and if we talk about crypto trading then it's too risky and volatile market that most of traders loose in bearish market or in crash situations.But some of them control themselves mentally while others get panic and leave the market with loss.Try reading these books if you want to learn from failures:What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
1) Adapt: Why Success Always Starts with Failure — By Tim Harford
2)Failing Forward: Turning Mistakes into Stepping Stones for Success by John C. Maxwell
Always try to learn from your mistakes and don't be afraid of failures as it all depends upon your perspective and for me word fail means
F- "First"
A- "Attempt"
I- "In"
L- "Learning"
Most of the famous names you see today have started from scratch and then become experienced traders in their life.
April 10, 2021, 07:23:28 AM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
In this scenario, the newbies must have a behaviour of determination, willingness to learn everything about here in cryptocurrency, must be a risk taker as well, have self-control or self-discipline and have patience, because if you have all these as an individual traders there is a higher chances for sure that you can earn good result in the end.
April 09, 2021, 11:00:40 PM
we all have some hard feelings and bad experience in trading world. I have also the same. One of them is I am was very panic trader and always buy when I can see the coin raising. After buying it I saw the coin going down. and panicly when I sold the coin and see the coin going up again. Meanwhile I lost some of my invested money lol. This was my bad thing in crypto. but recently I am already reduced those things but not the all.
For many traders who have experienced sharing, they say this is an emotion of fear of being abandoned, abandoned the opportunity to get promoted and abandoned the opportunity to escape from danger, our bodies and emotions react naturally, just with a little practice can get rid of this problem, but sometimes, it will still appear when market pressures make it difficult for us to breathe. The more waves of wind and failure, the more our emotions will be worn out and colder, staying calm like that will see how harsh trading isI know and I believe that this can be control but really takes time to do it. We just have to motivate ourselves, not by thinking negative as surely this went wrong.
April 09, 2021, 06:59:22 PM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
What you said about the newbies is not surprising because i have came across a thread created by Charles-Tim which stated that " 80% of traders quit trading" but I think it the impression of newbies before they join crypto trading that make them giveup so easily.What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
They thought it is easy to get rich in crypto but it is not. There's more than meets the eyes here. So those newbies that have the notion that crypto trading is a get-rich-quick-scheme, they are finding it fast that it is not. And if you are a beginner, and you want to get a grasp on how crypto trading works. Start small so if in case you lost, it is not heavy on your pocket. In time, you will learn how to check for potential profitable coins. It is not an overnight career.
Real experience or engagement will really be enough for them to realize that those impressions were wrong and thats the start for them to trade their own ways and finding their own
analysis which would help for them to become good in trading activity.
Loses are natural situation which would be helpful for yourself to progress into this career.You wont really progress if you dont try and able to learn things up.
This isnt something a skill that you can attain for a short time or few efforts that had been made.It will take years and lots of effort.
April 09, 2021, 05:07:23 PM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
What you said about the newbies is not surprising because i have came across a thread created by Charles-Tim which stated that " 80% of traders quit trading" but I think it the impression of newbies before they join crypto trading that make them giveup so easily.What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
They thought it is easy to get rich in crypto but it is not. There's more than meets the eyes here. So those newbies that have the notion that crypto trading is a get-rich-quick-scheme, they are finding it fast that it is not. And if you are a beginner, and you want to get a grasp on how crypto trading works. Start small so if in case you lost, it is not heavy on your pocket. In time, you will learn how to check for potential profitable coins. It is not an overnight career.
April 09, 2021, 04:51:53 PM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
The only thing I wanted to share with about profit making, is that those previous opportunity that I've been losing without even knowing each consequences. Traders shouldn't ignore the potentials of their asset, maybe doing the right strategy could fall with holding an asset at longer terms. Avoid doing day trading if you're not sure and not experiencing any ups and downs.
price had move in my direction I continue to hodl until price heads towards opposite direction, however I had began to correct my trading abnormality mentioned above with a strict money management.
April 09, 2021, 11:26:26 AM
we all have some hard feelings and bad experience in trading world. I have also the same. One of them is I am was very panic trader and always buy when I can see the coin raising. After buying it I saw the coin going down. and panicly when I sold the coin and see the coin going up again. Meanwhile I lost some of my invested money lol. This was my bad thing in crypto. but recently I am already reduced those things but not the all.
For many traders who have experienced sharing, they say this is an emotion of fear of being abandoned, abandoned the opportunity to get promoted and abandoned the opportunity to escape from danger, our bodies and emotions react naturally, just with a little practice can get rid of this problem, but sometimes, it will still appear when market pressures make it difficult for us to breathe. The more waves of wind and failure, the more our emotions will be worn out and colder, staying calm like that will see how harsh trading is April 09, 2021, 11:12:51 AM
Most newbies in the crypto currency space who are just learning trading are most times only fed with the profit side of crypto; once such newbie experience loss on trades; they get disappointed. The best thing while teaching newbies about trading is to educate them about the profits and loss side; so that when they are in profit they are grateful; when they are in loss; they know they will make the funds back.
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
What you said about the newbies is not surprising because i have came across a thread created by Charles-Tim which stated that " 80% of traders quit trading" but I think it the impression of newbies before they join crypto trading that make them giveup so easily. What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
April 09, 2021, 10:24:27 AM
Every time the price goes up in just 15-30min after I have sold my altcoin, I little wave of depression hits me.
Very normal as you think that if you just wait for that short period of time, you'll be able to gain
much higher compensation, regrets always comes up after and never be there before..
I sit and watch without blinking somewhere in space and calculate how much I have lost and I what I could have bought.
Nothing you can change though, that's life, trading always have that kind of feelings, just be thankful if you'll able to earn
or if you lose, just focus on your next trade and continue.
But this depression quickly releases me, as I remember that I have that amount in my fiat bank account and do that "possible future purchase" next minute. (p.s. I dont trade with large amounts)
That's the spirit! keep moving forward and try to maximize your profits in your next trades.
April 09, 2021, 10:00:03 AM
a lot of stories has already spoken above and most of the losses came from being impatience, I am not an active trader and I only have one experience on it because when I lost my money on it I never tried it again, it seems so hard to earn money from trading for me because I am not familiar with the terms that most of the members advise has given, I also don't do good knowledge about the market so instead of being active in trading I choose to invest which is way easier than trading and not that risky compared to trading.
If you want some good advice about trading, you guys may open this thread and read some good comments here: https://bitcointalksearch.org/topic/what-do-you-think-the-best-way-to-gain-when-you-trading-3893270
If you want some good advice about trading, you guys may open this thread and read some good comments here: https://bitcointalksearch.org/topic/what-do-you-think-the-best-way-to-gain-when-you-trading-3893270
April 09, 2021, 08:22:28 AM
There has been a group of friends that asked me to guide them about crypto,
And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
It's a good thing to learn to trade if you have experience friends willing to teach you about trading. A lot of people especially newbies have lack of guidance in proper trading and just depends in Youtube tutorials but it's way different if you have some friends correcting you if you have some mistakes in trading. I also have some bad experience in early stages of trading and it's hard for me to recover my losses because of lack of experience and knowledge about trading. I immediately jump to trading without properly executing the risk management. The first 2-3 days of trading, I tried to joined the ride with new listed cryptocurrency in Binance then ended up losing my funds when the coin suddently drops. And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
April 09, 2021, 08:02:58 AM
Every time the price goes up in just 15-30min after I have sold my altcoin, I little wave of depression hits me. I sit and watch without blinking somewhere in space and calculate how much I have lost and I what I could have bought. But this depression quickly releases me, as I remember that I have that amount in my fiat bank account and do that "possible future purchase" next minute. (p.s. I dont trade with large amounts)
April 09, 2021, 07:50:44 AM
Cheer them up that not every successful trader today went to the top on an instant.
Everyone has to go through several failures for them to be the best in what they do. And what the newbies experiencing with various losses are very essential and normal for them to use those experiences in the future..
It is smart to learn from your mistakes but it is wise to learn from the mistakes of the others. Yes experience is the key but you also have the necessary knowledge because even if without experience you can curtail your possible losses. Remember that experience will only be gained if you start trading so knowledge is important.Everyone has to go through several failures for them to be the best in what they do. And what the newbies experiencing with various losses are very essential and normal for them to use those experiences in the future..
Experience is only acquired if you do the thing and knowledge comes from different forms. Including from your experience and also from the others experience so a combination of it really helps.
April 09, 2021, 05:30:01 AM
There has been a group of friends that asked me to guide them about crypto,
And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
And I did tell them what I know and when it comes to trading I had been honest to them that I am not a really good trader and it is hard for me to gain profit and there is more for me to learn.
So I just suggest to them that they should also learn what they could in the internet and here in the forum.
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