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Topic: Do not hide your hard feelings about trading; share the experiences (Read 405 times)

legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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.
sr. member
Activity: 2030
Merit: 323
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.

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.
full member
Activity: 1339
Merit: 157
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.
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.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
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.
full member
Activity: 616
Merit: 102
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.
legendary
Activity: 1974
Merit: 2124
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:

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.
full member
Activity: 1190
Merit: 111
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.

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.
sr. member
Activity: 2436
Merit: 343
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
But if we can manage to control such feeling, it simply means that you are winning half of it. Emotions is a big factor that could affect our decision making and that mostly cause us failure. That actually a natural as a human being but somehow we should also think what will be the result if we let this thing happen to us.

I 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.
hero member
Activity: 3010
Merit: 794
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.

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.
Sooner or later they would really realize that those things arent really happening into this market.Those expectations would truly contradicts on the reality that do happen.

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.
sr. member
Activity: 1988
Merit: 275
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.

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.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
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.
Personally I trade cryptos on daily basis i.e daily timeframe is my minimum time frame for my trading strategy however my major problem is where to take profits and stop loss I always have situations where after
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.
hero member
Activity: 1316
Merit: 502
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
member
Activity: 1165
Merit: 78
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.
legendary
Activity: 2982
Merit: 1028
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.
member
Activity: 297
Merit: 40
 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
sr. member
Activity: 882
Merit: 253
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.
legendary
Activity: 2478
Merit: 1492
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)
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.
Both are smart and wise as long as you learn from both of them.

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.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
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.
full member
Activity: 1498
Merit: 146


when someone doesn't really have a job but they believe that they can make money from trading every month to payback the loan on time.
That will lead to unexpected disasters. Because you should not commit anything out of trading profits. Some weeks you will book will losses and some other weeks you may make profits but when you're having some big commitments like paying back loans then definitely that will put you under pressure which will usually ending up not able to focus on your technical analysis.
Exactly, when you are having such commitment you can't actually do what you are capable of doing. But when someone is having the source to pay the loan money and also have some savings in case of emergency can go for it because loans are giving advantage to them.
legendary
Activity: 2338
Merit: 1124
You must write down your profit and losses and then calculate whether you need to reinvest more or stop investing until you get proper trend.
Keeping track of investments made and profits/losses must be a necessary step every trader must do so that they could calculate how much they are making out of their time and efforts. When you are calculating without writing down then you will never get chances to analyze your own performance.

This must be one simple thing where most traders are failing because they are not finding enough time to note down their expenses and profits. These days lots of apps are available to track our performance but I am still preferring making use of paper and pen for this.

when someone doesn't really have a job but they believe that they can make money from trading every month to payback the loan on time.
That will lead to unexpected disasters. Because you should not commit anything out of trading profits. Some weeks you will book will losses and some other weeks you may make profits but when you're having some big commitments like paying back loans then definitely that will put you under pressure which will usually ending up not able to focus on your technical analysis.
full member
Activity: 1498
Merit: 146
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.
But the issue comes from the people who take loan with no source of income and they trust only their future success with the investment made from the loan which put them into trouble. If they are already having a job and they take some kind of loan which needs very small amount to pay for every month then its okay but when someone doesn't really have a job but they believe that they can make money from trading every month to payback the loan on time.
hero member
Activity: 2114
Merit: 603
You must stop when you book profits, greed is enemy of all!!!

Well this is the emotion that I have deep down in me when I do trading. Whenever I have traded my portfolio I have observed that I do get profits all the time. But, honestly speaking I loose a lot whenever I see bearish trend is coming and I buy more than I could afford out of greed. So it nullifies all the profit that I had beforehand.

So take this as one of the lesson. You must write down your profit and losses and then calculate whether you need to reinvest more or stop investing until you get proper trend.
member
Activity: 1120
Merit: 68
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.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
My experience in trading is little but somewhat substantial, in 2017 I began to learn with technical analysis but it really went very wrong, everything I learned from technical analysis did not help me, the lines, everything did not serve me, the truth at that time I could not do anything and I lost a lot, the truth is that I do not regret telling you that, you have to assume when you are wrong. Then, some time later what I did was look for books by Wyckoff and Jesse Livermore and I became aware of those market speculators, I have not been able to apply everything I have learned because trading is an everyday knowledge, but it has helped me to understand more the market. I always recommend everyone to read those authors because they are great advisers, and to understand even more is the Book "A Random Walk Down Wall Street" by Malkiel Burton.
sr. member
Activity: 2226
Merit: 347
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 dont teach someone to trade but there are actually who do ask out.Im aint a good or professional trader for someone to be taught on because im always the one who do
seek out for more informations or ways for me to learn up trading and make benefit out of it.Its true that most common mistake is when we are still noobs and those
errors would cause up lose will surely be giving out that stress and regretful situation and when we do make money then its somewhat do make out some boost.
When someone do ask out about on how you do trade then its better to tell them about learning the basics and create their own strats.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.

Cheering them will help and advising about controlling their emotion too.
full member
Activity: 1330
Merit: 147
I'm not an expert trader also I just have a litlle experience to trade. Since 2020 I started to trade, indeed at that time when the first time I made an entry I don't have any knowledge to trade. I just guessing the market movement and finding a lot of suggestion like joining some signal trading group. And most of my trade at that time just filled by loss and loss, I got a lot of profit but it is just for a while the next trading I got a huge loss than before.

So as, I just thought and I quite my day trading for a while and looked for some reason why I did that. Until, I found a big reason for it that I don't have a trading system or I don't have a knowledge against trade. I learned many time, readin some trading strategy in any media and bought some trading books and it was work. I have a trading system and I have a knowledge about psychology trading and yeah I can compare my previous trading and now, it is batter now.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
What suggestions do you have ? how do you guide your newbie traders under your tutorship? do explain below lets learn.
If the newbies are willing to learn first about trading, we can really tell them about the readiness of them for the risks of trading. I will never tell first about the profits of trading, but I will tell and introduce them to the basic thing of trading and also the risks, until the worst risks of trading cryptocurrency. Losing money and also being stuck because of the price down again and again.
Well, it is important also to share our self-experiences both the good and bad experiences. Tell them about the profits and also loss probability. In trading, we may be not always profits and also loss. There is time for us to lose our money but there is also time for getting profits from trading. And there may be also times where we cannot sell the tokens because of dropped prie and we don't want to set any SL.

BUt at first, ensure their readiness and also willing to learn at first before trading.

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
Hopefully many newbies and also we have willing to read these informative threads. ANd many more threads are also available to learn in this forum.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
I think so too, people who can, not about who has the most failures. But people who can are people who can learn from a failure they have experienced. Because of course, almost all of us have been at that point. Learn and fail, for those who want to keep trying to survive in the midst of that exposure. Believe me, if you are confident and capable of what you are doing it will produce good results for yourself. It's not easy trying to stick to a position where only failure comes. Here is where we will be tested, whether we will continue to live with enthusiasm and keep trying to change it or if we just stop there. Again, it all depends on ourselves.

Everything we learn or we get may not be of no use to us. You can even take advantage of failure, for the next phase. Learning from failure is necessary and in the process do not think about the benefits we will get, it will blind us. In the process we need to take every step of the way carefully. Experience teaches us to always take advantage of all circumstances. both the past and the present. Keep trying until you meet your point of success.
If you make mistakes that's fine, people should learn this already, it is not that complicated idea, if you are good at something that means you were bad at something once upon a time. I know that there are people who learn about music since they are five, there are little kids who are 5 years old playing the guitar, I know that happens, that's why when you are 30 years old or even older and you want to learn playing guitar you see those people and think that you are too late, but believe me even those 5 year old kids were horrible when they were 3 or 4, that makes it hard for you because when you are 3 or 4 you suppose to be bad at everything, but they didn't suddenly become good, they learned it.

Dennis Rodman wasn't even a scholarship worthy player when he was in college, he became one of the most known NBA players in the world. Just because you are not good now doesn't mean you won't be in the future, give enough time and you will become a great trader, but you gotta start with being bad and work your way into being good.
full member
Activity: 574
Merit: 125
My first trading experienced is when I had done trading with the exchange expert option, I always see in the ads this kind of exchange so I got curious about it and then tried it, at my first try I really felt joy because of winning maybe I earned almost 100% of my capital I only trade $20 that time but when I already have almost $40, ai no longer gets win and lose all of it, so I never tried it once again because of thinking that trading is not for me, but in some other months I tried to trade in binance and still I also lose my $20 as well.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
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.

You are right, it is actually difficult for some traders to realize that they need education, failures are the only ones that teach the best. We must also consider that many traders lose and do not know why, and when they win in the same way, many draw conclusions that this was the best plan, that they were able to predict the movement successfully.

Luck is a notable factor that many traders look for, it is like betting, the only thing is that it is not the best strategy to leave everything to luck, I always advise operating with a maximum Stop Loss of 8%, some let it advance to 10%, and gains up to 24%, if I win excellent if I do not assume the loss and change my plan because obviously that was not the correct vision of the market.
sr. member
Activity: 1274
Merit: 293
When you have no experience on trading site,Then you will loss every single trading time.When you have newbie then I advice you. You need to learn how to make good profit total or win by trading. You also need to know loss site.And you need trading signal from more experience trader then You invest and can get more profit.
Let me reiterate, the reason that a lot of people are losing in trading is because they lack knowledge, experience is gained only if you trade and not the other way, @Mamun74's advice is kind of pretty vague because making a good profit or winning by trading is a strong word especially for a newbie and a lot of traders are likely to lose when trading.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
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.


full member
Activity: 1358
Merit: 104
When you have no experience on trading site,Then you will loss every single trading time.When you have newbie then I advice you. You need to learn how to make good profit total or win by trading. You also need to know loss site.And you need trading signal from more experience trader then You invest and can get more profit.
sr. member
Activity: 1610
Merit: 264
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.
Suggestions?
If you are still like fresh new in trading, virtual trading would not hurt that much since you will surely still learn the ropes behind the indicators and TAs.
Once you're familiarized already, do an actual trade already.
You will learn more if you actually felt the "loss" rather than continuously doing virtual trading wherein you won't mind losing because it is not your money anyway.
sr. member
Activity: 2828
Merit: 344
win lambo...
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 can't be all in profit, losing is a part of it but why it is mostly happens to newbies, they are probably have less experience. Yep, become disappointed when we lose is a natural feeling and we can't hide that.

But if we wanted to have a positive result from our trades, we have to keep going despite the losses we experience. Quitting could only be the last option if we find it hopeless and see no improvement of our traders even though we spend a lot of our efforts. This means that trading isn't really for us and we need to force ourselves to believe then. That just a suicide.
jr. member
Activity: 187
Merit: 1
Sinjokubhi
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.


I think so too, people who can, not about who has the most failures. But people who can are people who can learn from a failure they have experienced. Because of course, almost all of us have been at that point. Learn and fail, for those who want to keep trying to survive in the midst of that exposure. Believe me, if you are confident and capable of what you are doing it will produce good results for yourself. It's not easy trying to stick to a position where only failure comes. Here is where we will be tested, whether we will continue to live with enthusiasm and keep trying to change it or if we just stop there. Again, it all depends on ourselves.

Everything we learn or we get may not be of no use to us. You can even take advantage of failure, for the next phase. Learning from failure is necessary and in the process do not think about the benefits we will get, it will blind us. In the process we need to take every step of the way carefully. Experience teaches us to always take advantage of all circumstances. both the past and the present. Keep trying until you meet your point of success.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
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:)

Yes It's just a matter of learning. Those experts we look up how they got richer had once been a newbie in their career. There are tutorials we can read online and the first thing they introduced for newbie traders is to learn how to use the indicators, what the indicators do, and when to buy if the indicator reacts this way or that way.

I have always relied upon indicators that I know very well how to use. In crypto, there is no good or bad trade as long as you got the coins in your account. Just make sure the coin you trade are the good ones.

hero member
Activity: 2338
Merit: 953
Temporary forum vacation
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:)
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
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.
sr. member
Activity: 1484
Merit: 253
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.
hero member
Activity: 2702
Merit: 672
I don't request loans~
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: 2870
Merit: 3873
Paldo.io 🤖
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.
hero member
Activity: 2828
Merit: 518
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.
full member
Activity: 1078
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.
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.
full member
Activity: 252
Merit: 113
NFTs on Sale: https://bit.ly/2POlV17
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.
legendary
Activity: 2030
Merit: 1189
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.
sr. member
Activity: 2226
Merit: 347
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.
sr. member
Activity: 1162
Merit: 450
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.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
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.
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.
legendary
Activity: 3248
Merit: 1179
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!
full member
Activity: 1498
Merit: 146
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: 2870
Merit: 3873
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
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
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
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.
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