Do not hide your hard feelings about trading; share the experiences - page 3.

leea-1334

hero member

Activity: 2240

Merit: 953

Temporary forum vacation

Quote from: DarkDays on April 07, 2021, 05:11:26 PM

Obviously, when talking about trading there are times when you lose some and times when you win some. It is the nature of trading, but when losing what's important is to not give up there... Try to get up and try again, this time smarter and armed with more knowledge than before. I found that only this way you can improve and find the courage to HODL even during tough times.

Just like when gambling,,, just like when investing, right? If it is too good to be true (that you will never lose or you will always be guaranteed profit) then it is probably not true.

I sort of disagree about giving up though. I think some people will never be good traders no matter what. Should give up if they tried very hard and still cannot make profit. Find something else that does:)

bitgolden

legendary

Activity: 2842

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: semobo on April 07, 2021, 12:18:52 PM

No one can be successful in all the things they are doing for their entire life time so trading the chances are high when you are just going to begin it. It is possible to get back the lost money but what newbies should learn is which capital they should invest on trading cryptos.

They should never invest the loan money as capital or they should not use any amount which is not affordable for them to lose. Even though you can make profits for every trades it is impossible in real life so all you need to have is a monthly target like 1 to 5% for any kind of trading that may work and lead you to a successful path in long term.

I believe loans are not as bad as people claim them to be if you know how to use it. People act as if loans are the worst thing that could happen to anyone but the reality is that loans are not that bad, in fact they are pretty cool if you can pay them back with ease.

Let's say you make 1000 dollars per month (maybe it is low for USA but it is not bad for many other nations) and you take out a loan that makes you pay back 50 dollars per month, it is a very small loan, it is a 1000 dollar loan that you pay back with 50 dollars per month. That doesn't mean that it is a bad loan, it is in fact a great loan, you could take it, use it to invest, if you are doing great you will pay the loan back in no time, and if you are doing bad you can pay the loan back anyway because you make so much more salary.

This is why not all loans are bad. Obviously if you make 1000 dollars and take out a loan that makes you pay 400 dollars per month or more that is going to be very difficult and it would be dangerous, so you should not do it if you can avoid it.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wexnident on April 07, 2021, 09:32:14 PM

Nah I don't think we should educate them, let them lose something, then educate them. Not saying that they'd all lose, but I'd reckon a majority would. Losing isn't a failure, rather it's just a step to success imo, and honestly, losing money in my trades when I started was a far better experience than reading some stuff about how trading works (especially in the mental aspect).

It's actually better if we teach them right now that they still haven't made a mistake because I believe that it is wiser to learn from the mistakes of the other people instead of your own mistake, take it in a different approach to see if it works better.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

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.

Wexnident

hero member

Activity: 2548

Merit: 666

I don't take loans, ask for sig if I ever do.

Nah I don't think we should educate them, let them lose something, then educate them. Not saying that they'd all lose, but I'd reckon a majority would. Losing isn't a failure, rather it's just a step to success imo, and honestly, losing money in my trades when I started was a far better experience than reading some stuff about how trading works (especially in the mental aspect).

Though if we're talking about educating them, then basic risk management is the minimum I suppose. And the mentality that, in trading, you'd always lose money. It's not all fun and games, nor is it just a quick way to get rich. But hey, that's been said a thousand times so I suppose newbies who are getting into trading already know it, so goodluck with ya'll.

mk4

legendary

Activity: 2786

Merit: 3845

Paldo.io 🤖

Quote from: iv4n on April 07, 2021, 01:05:48 PM

I scrolled through these threads, so many ways to make a mistake in trading. To be honest, I don't believe we can see any new way of making a trading mistake in this thread! As I said, most mistakes are just being repeated after some time... we forget about our mistakes in the moments of excitement, or whatever it is... so probably the hardest thing in trading is to keep control all the time!

Yea.. this is one of those things that "advice" whereas there's pretty much pretty much nothing new, and like 95% of advice carries over from the previous years. The only new advice is probably only "don't buy NFTs" lol.

Yamifoud

hero member

Activity: 2772

Merit: 518

★Bitvest.io★ Play Plinko or Invest!

I start trading so bad and I sometimes think about quitting. Well, the fact is that we never grow if we have a negative mindset and if we let this negativity wins, it surely makes you down and never succeeds.
A newbie will think about winning, not losing. That is why we have to work hard, improve ourselves, and enhance our trading skills that is because we wanted something grateful. If we have such a feeling of being hopeless to gain profit due to previous failure and we think we can't reach our goal, that surely drives you out.

cryptolord2077

full member

Activity: 1064

Merit: 110

I think it is important not to sob over missed opportunities or lost capital, not to complain about how unfairly the market has treated you, this does nothing except relieve a certain tension. I think that first of all it is necessary to try to think in a different direction, think about how to restore capital, how to reduce your losses in the future, how to earn even more based on previous experience. We all have to bear losses, the important thing is how quickly we recover from them.

Innerpumper

member

Activity: 1021

Merit: 12

Their experience is a great lesson. I am an ordinary person who does not learn the basics of cryptocurrency, but understands it with the various experiences I have, as well as trading. Trading is just a matter of patience for profit, and patience in waiting for coins on dip.

trigger1975

full member

Activity: 252

Merit: 113

NFTs on Sale: https://bit.ly/2POlV17

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

Trading is a game of probabilities, risk management and only the long run counts. Losing is part of the game, there is no one strategy which always wins. Highly probable strategies with winrates >85% might return a 1 to .6 risk-reward-ratio while strategies with a winrate of 50-60% might return 1:2 or 1:3. There are strategies which do win only 20 out of 100 trades but they return 1:8 or higher. All these have in common that the expectancy over a large number of trades is positive, i. e. profit.

If one starts to search for the holy grail and dumps each strategy after some losses, he'll never be consistently profitable. Never.

A trade is just a trade. If it's done, it's done. They have to understand to always trade responsibly so that they as a trader can trade again the next day. The next profitable trade is right around the corner, just be patient and wait for it to come to you. If they've blown their account, there is no other trading day for quite some time.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: tranthidung on April 07, 2021, 11:48:26 AM

I lost many bitcoin from tradings. Frankly, I lost my profit and unfortunately did not lose my capital from trading.

Obviously, when talking about trading there are times when you lose some and times when you win some. It is the nature of trading, but when losing what's important is to not give up there... Try to get up and try again, this time smarter and armed with more knowledge than before. I found that only this way you can improve and find the courage to HODL even during tough times.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

I havent experience on having some traders under my tutorship thats why i cant make out such precise recommendation but basing of with my trading experience then you could
really tell that they shouldnt rush up.Learn up with those mistakes that you had experienced or committed because those are learning steps for you to make yourself better
with trading.Dont lose hope with just few tries and fails because trading isnt something that you can learn with just few tries.

Insanerman

sr. member

Activity: 1162

Merit: 450

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

Why not just teach newbies on how to manage risks effectively right before letting them engage onto crypto and trading in general? Regardless of having no profit or even having a huge luck of gaining constant profit, time will come that once a newbie never applied nor learned risk management, all of his progress could just circle around and go back to square one. It isn't a matter of "hiding" one's feelings. It is about not letting yourself experience such feelings just by a simple management of risks on your trades.

passwordnow

hero member

Activity: 2968

Merit: 572

Leading Crypto Sports Betting & Casino Platform

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

Just tell them that the market is very volatile and is not for people who have the faint of heart. Once you have explained it to them how volatile it is, they'll have the idea that it's not just all about profit because they can also anytime the market moves.
This market can be an advantage for those newbies that sees it as an advantage and a big disadvantage for those people that don't understand what volatility is. But they learn it through experience if they're willing to and they don't have to gain experience through losing a lot.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

therefore, in crypto trading the method of providing instruction must be completely open and exposing its positive and negative points. because to be honest with the lure of profit it is a teacher's carelessness.

and it needs to be remembered, if we are beginners, if we want to learn about crypto trading, don't just rely on one or two people who guide, but look for your own sources with credible references. you can easily search on various social media.

So the point goes back to the teacher that it is not enough to just talk about the advantages of trading, because it will plunge someone into a realm that he does not know as a whole.

iv4n

legendary

Activity: 3164

Merit: 1175

Quote from: mk4 on April 07, 2021, 12:12:18 PM

We have quite a good number of threads about trading advice already. Take a look at the responses:

Topic: Tips for Trading https://bitcointalksearch.org/topic/tips-for-trading-5312436
Topic: what successfull trading tips have worked with you so far ? https://bitcointalksearch.org/topic/what-successfull-trading-tips-have-worked-with-you-so-far-5294229
Topic: Simple trading advise for newbe that should follow https://bitcointalk.org/index.php?topic=5237405.5
Topic: what do you think the best way to gain when you trading? https://bitcointalksearch.org/topic/what-do-you-think-the-best-way-to-gain-when-you-trading-3893270

Nice share! I wanted to say how most trading mistakes can be found here on the forum, shared by all of us... so we don't hide them, and usually hard feelings come from making rookie mistakes, once again, and again... nobody likes to brag about losing streaks and how we still make some silly mistakes after so many hours spent on trading!

I scrolled through these threads, so many ways to make a mistake in trading. To be honest, I don't believe we can see any new way of making a trading mistake in this thread! As I said, most mistakes are just being repeated after some time... we forget about our mistakes in the moments of excitement, or whatever it is... so probably the hardest thing in trading is to keep control all the time!

semobo

full member

Activity: 1498

Merit: 146

Quote from: youdacapt on April 07, 2021, 11:28:53 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.

No one can be successful in all the things they are doing for their entire life time so trading the chances are high when you are just going to begin it. It is possible to get back the lost money but what newbies should learn is which capital they should invest on trading cryptos.

They should never invest the loan money as capital or they should not use any amount which is not affordable for them to lose. Even though you can make profits for every trades it is impossible in real life so all you need to have is a monthly target like 1 to 5% for any kind of trading that may work and lead you to a successful path in long term.

mk4

legendary

Activity: 2786

Merit: 3845

Paldo.io 🤖

We have quite a good number of threads about trading advice already. Take a look at the responses:

Topic: Tips for Trading https://bitcointalksearch.org/topic/tips-for-trading-5312436
Topic: what successfull trading tips have worked with you so far ? https://bitcointalksearch.org/topic/what-successfull-trading-tips-have-worked-with-you-so-far-5294229
Topic: Simple trading advise for newbe that should follow https://bitcointalk.org/index.php?topic=5237405.5
Topic: what do you think the best way to gain when you trading? https://bitcointalksearch.org/topic/what-do-you-think-the-best-way-to-gain-when-you-trading-3893270

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

I lost many bitcoin from tradings. Frankly, I lost my profit and unfortunately did not lose my capital from trading.

I earned a lot from trading (not mention profit from investment) but I can not manage to secure it. Lost them all at the ends. It is my lessons from the past and all these are lessons for newbies.

Obviously, if someone are genius newbies, they can be exceptions but how many outstanding newbies are there? Wink

youdacapt

sr. member

Activity: 1806

Merit: 295

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.

Topic: Do not hide your hard feelings about trading; share the experiences - page 3. (Read 375 times)