Topic: Don't rush you will still win (Read 2264 times)

Being hasty is one of the negative traits that exist within us, I can even say that it is a natural trait that we have. So here it takes effort to be able to control ourselves so as not to be hasty. I think we all must have feelings where we have to get benefits in a fast time, that's natural because who doesn't want to get benefits in a fast time. But herein lies the problem, yes it can push us to fall into a big loss. Sometimes we also find it difficult to distinguish between being in a hurry and having to move quickly. Because in certain situations we are also required to think quickly to make decisions. Well, this is also something we must learn in order to be able to distinguish between the two things that look the same.

People become aware of their mistakes only when their mistake was made. So it is unlikely they will be aware of possible damage before they make the mistake. People also make mistakes due to differences in the UI of different trading platforms. Sometimes people get confused with the terms the platforms use. For example, leverage trading and Future trading are technically the same thing. However new traders may get confused because different platforms use different terms.

Now, all I wish is that whenever people make some mistake, I wish they learn from small mistakes with minimal damage. People should not start trading with thousands of dollars. I remember not knowing about cross leverage which actually drains your spot funds as well.

Yes they think that this is easy to do, just by making an entry and then they wait until they make a profit, but that is wrong, because in the market we cannot predict with certainty where the price will move and therefore they will tend to continue to feel losses.
But actually this is good for their experience if they are people who want to learn from mistakes, but if they are not people who do not learn from mistakes then they will fall into the same hole every time.
Before entering the market, we always recommend that they do some learning first. and if they want to learn directly, then they can actually use a demo account to learn.

They tend to think that they already got the right skills but when the market fluctuates then they quickly react and made a bad decision that leads them to lose their money, it's more on experienced accompanied by continue studying the market movements and be familiarize with how things create changes as therer are factors that will gives you hints not to quickly decide and whatever influencing the current movements.

Of course, and honestly I was also one of the people in that category before, a little bit assuming that I would be able to achieve skills in trading without experiencing serious difficulties and when I had entered and been involved for a few weeks it turned out that I understood and just found out that trading is one of the activities that is very difficult to do, when I see other people like traders who are already quite expert I see them as quite easy in making a profit, even though in reality it is very difficult, meaning this is what is called that there is no significant profit with just a little effort, in the sense that if you want to achieve something big then you must first sacrifice many things in the process such as money, time and energy in yourself, and with that experience then you will know about what is allowed and not allowed in trading if you are indeed able to make experience as a learning material.

We are all once a newbie and we are all guilty with this one on which on the moment that we are really just that starting with trading then we would really be having that kind of thinking that trading is something a skill that we could really be that easily be able to attained or achieved into. There are really those moments or times that we would really be having that extreme confidence that we could be able to have an easy grasps into it.
On the moment that you would be dealing up or make out some engagement into it then you will really be having those kind of realizations that it was never been easy and this is something that you would be able to realize and able to learn up along the way. We have all past this kind of condition or mindset when we are really just that starting. We will really be normally be making out adjustments on the moment that we would
be able to learn something new along the way.
Rushing up yourself on trying to acquire those skills will eventually that make you desperate and would really be prone to tons of mistakes due to some wrong beliefs towards trading or investment steps.
Everything will really be that basing up on the skills and knowledge that you would eventually have on the time or moment that you do find yourself gaining up those things eventually.
Just dont easily give up and should really be able to learn on whatever things you do able to encounter.

Beginners always do things that should not be done in trading, this is driven because their knowledge is still minimal, that's what ultimately makes them do things that will harm themselves. Apart from that, they also only look at the profits, they don't care about the risks they will feel and finally it makes them really feel the loss that will even destroy their mentality. However, if they are aware of the mistakes they make, usually they will be more careful and that will make them better in the future. However, if they are not aware of their mistakes, they will continue to do the same thing and that will make them feel even greater losses.

People who do leverage trading AKA future trading always have to be aware and in front of their screen. A couple of minutes is enough to change the market. Even though it is always recommended to use the Stop Loss and Take Profit feature. However new traders mostly love to take more risks and do not want to wait for a long time to move the market. This is another reason people also do binary trading.

There is a saying "Every minute is money" and some people take that too seriously. They want to make money every minute and do not want to wait for the outcome. They take more leverage so the damage/profit gets bigger and the chance of getting liquidated increases as well.

Yes I agree with that, most beginners have the wrong mindset about trading where this misunderstanding makes them treat trading like gambling by only relying on luck, and of course in the end it is certain for them to experience a lot of money losses instead of making a profit. On the other hand I think most influencers do not promote trading like gambling, usually they tend to direct the core of their broadcasts to various things that lead to learning related to the world of trading (but maybe there are also some who are misleading).

This means that the case of misunderstanding is most likely because it is beginners who do not seem to want to find more information about how the world of trading really is, most likely they conclude something just by looking at one side without doing research or looking for other information related to the activity, not infrequently I also see beginners who jump into the world of trading because they see the luxury of the life of a successful trader.

It is a sad reality that the number of newbie traders that do all of this is extremely limited, since the majority of them are convinced by influencers and they come to this market thinking they can make a fortune in a relatively short amount of time and without any need to understand the markets and how they work, a notion that is completely mistaken, and that sooner or later this misconception will cause them to suffer terrible losses from which they may never recover.

Agreed. Most newbies these days are influenced too much by the so-called social media experts who are always busy providing signals for tokens that are worthless and aren't even backed by proper projects, they do it probably because they are a part of a pump-and-dump group where they try and pump coins and tokens at first and then dump the tokens they have bought earlier and those who bought after them will suffer the losses.

Patience and discipline are two key attributes to have for anyone who is willing to get into trading. I have often seen people losing money in their trades because they are always impatient. They keep looking at the charts and that makes them restless because they take every minor move very seriously so small dips in between often make them sell their assets.

So, patience, discipline, and of course, a perfect sense of the market are some of the essentials to have before one enters this market.

It is indeed very important for anyone who wants to start entering trading to first study until they really understand it well and of course it takes a process that is not short so we must be patient with every process that we must go through, when someone considers trading as gambling of course they do not do any analysis before deciding to enter the market and they only hope to have luck to be able to make a profit on trading, but when someone trades by doing analysis first before deciding to enter trading of course they will be able to reduce the risk of failure and have also prepared other plans when facing situations that are not as expected, patience and discipline are indeed very much needed when trading because without having patience of course they will do it with emotion and greed and of course this will make someone lose their money when trading.

I always suggest to learn before take your entry. I think trading is a very tough way of earning that's why we should need to learn each and everything of it. I have seen many professional trader even looses their fund trading though they jave recovered thereafter. So beginner on trading should learn a lot to take their first entry. After having a good knowledge they should try with small fund hope gradually they will be on profit. Loosing on trade an extra experience for trade as you mentioned so that never be hopeless. Try more when you fall in trade. Surely after a time you will be succeed on trading.

Most of those who plan their way into trading understand the risk and instead of quickly react to how the market turns against them they will find ways to anticipate, there's traders who keep on their set plans and even the market seems not favoring them they've got a lots of patience to wait and only react if there's a major issue that they needed to consider, else, they will keep holding and entrust their fate to their chosen project, instead of quickly sell they will allow the market to move and wait for the perfect timing.

Before starting your journey as a trader you must take your time to understand the technicalities of the market and the dynamics to the movement or directions, this isn't something you can just learn simply learn in a short time, you must give a lot of time to the learning process. Then at an intermediate level you must not see trading as gambling, do not rush into the market find a strategy that works for you and overtime develop this strategy. Trading takes patience and discipline in order to be successful in it , without these attributes you will definitely lose money.

As a skillful trader no matter how much money you lose in the market you must definitely be in profit at the end of every month, only when you don't do revenge trading and you always manage your risks. Always try to do a little check and balance at the end of each month to know how much you have gained and how much you have lost, if you are a trader that is well knowledgeable and disciplined your losses won't be more than your profits. Don't rush into the market hoping to be financially stable in a day, having this mindset might make you go down the wrong path.

Being patient does not mean holding coins until we get profit, sometimes in some trading choices we may have to make other wise decisions even though we have to suffer losses rather than losing everything, maybe if what you mean by being patient to wait for the price to return high only applies to Bitcoin trading or other top coins.

Yes, having patience is of course very important when trading with patience then we will decide something based on the knowledge we have and when a trader wants quick profits so that they no longer do analysis when entering the market then this will certainly be very detrimental to themselves and this happens because they trade in a hurry.
When a trader decides to keep holding coins after experiencing a decline, it will indeed be very risky, but if the price increases again, of course they will be able to make a profit.

If you try to rush into trading, Then I assure you definitely will rush out , trading is not something that people who don't understand it will get involved being in a ghast, trading requires proper discipline. Take trading as a game which you need to understand how you should play.Be patient and work with trading plans.

Patience and discipline are very important in trading. We even have to be patient in waiting for confirmation in the market about whether the trend will continue upward or will reverse downward and vice versa. But for those who are impatient when they see the market going up. then it will become FOMO. Because he couldn't wait to get in after waiting for a correction that was sure to come. Most beginners even rush to sell when the market corrects because they are afraid of their assets losing more. And this makes them experience more losses. And the funny thing is that after they sold their assets, the market turned around and went up again. then the hasty newbies say that the market seems to be against them.