Before taking a position trader must identify the trend of the market and if its an ideal to trade not all price movement and pump is good for trading, other coins is just hype or just ride with the market price of the bitcoin well just most likely happen all the time, rush trades can be possible but of course with proper analysis. If you have an active trade and you gain or lose a profit already and you see an opportunity to have another position there's nothing wrong to grab it just to make sure you have a preparation and confirmation so you wont lose money with your emotions.
Of course that is the first thing we have to do before actually entering the market, we have to see how the trend occurs and we also have to do technical and fundamental analysis to find the right position to enter the market. We can't just come and start entering, that's the same as hoping for luck. The market is volatile, so even if we follow the current trend, it doesn't mean we will be able to make a profit because there could be a sudden reversal. And when we trade against the trend, it is also riskier, there must be an in-depth analysis of the indicators that say the price will reverse. Obviously that is not easy and indeed trading is not easy. 
Topic: Don't rush you will still win (Read 1313 times)
I think this advice should be for all traders and not just for newbies. Because no matter how experienced you are in trading, you must be patient and adopt the right method at the right time. Otherwise, even if you are an experienced trader, you will lose profits by trading. Because we know that trading is very risky. Just as it is difficult to make the right decision at the right time, it is not easy to profit from it. To be a successful trader you must spend a lot of time on it And this has been discussed many times in this forum. Those who are really interested in trading may have researched and started trading and may have been able to earn profits gradually.
Nobody rushes into a river while learning how to swim without testing the waters first with a foot. You don't test with both feet. Otherwise the person drowns in the process. It's the same thing that happens with driving. So, why do people think they can go into trading and become profitable immediately without the set skills.l? I don't invest any sympathy on newbies who rush into trading and then lose without trying to acquire the skill set for it.
Agreed but I do have some sympathy for them because some of them got where they're because of ignorance. Considering they had the information they would have done things differently because some of them got so overwhelmed that they can start making money and didn't think about the decision they're making before starting to trade. Before they could've realized, it was already too late and they have lost some money. The people that I'm going to blame are those that are not willing to stop after they have been informed that they're doing things in the wrong way.
Trading isn't to be rushed or you'll rush to lose all your money. Also not rushing isn't enough reason because you might never win until you have acquired all the knowledge that a trader needs to get good returns. Trading isn't for someone that isn't ready to make sacrifice of time and money because you'll lose those two things many times before you become successful.
Before taking a position trader must identify the trend of the market and if its an ideal to trade not all price movement and pump is good for trading, other coins is just hype or just ride with the market price of the bitcoin well just most likely happen all the time, rush trades can be possible but of course with proper analysis. If you have an active trade and you gain or lose a profit already and you see an opportunity to have another position there's nothing wrong to grab it just to make sure you have a preparation and confirmation so you wont lose money with your emotions.
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Being too hasty, not wanting to learn and not making a loss or failure as a lesson will certainly be an obstacle to our success in trading. Because believe me, everyone who trades will definitely experience losses, but the problem is that many people do not learn from their mistakes.In addition, without us realizing it, one of the factors that is actually much more important in achieving success in trading than being too hasty is your ability to manage psychology, especially in terms of fear and greed. because this is very difficult to apply for some people, especially beginners, because basically these problems are part of our original nature as humans, so we must be able to change all of this. Why can it be called the original nature of humans because this is the root of the problem of the psychological factor so that it also very often interferes with us in carrying out trading activities.
Not only for beginners but hasty actions are also dangerous for professional traders, especially for beginners whose knowledge and experience are still very minimal.
Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
Sometimes, even though we already have enough insight regarding trading, we are still not very skilled at controlling our emotions, which makes us always make hasty decisions. For example, sometimes we have made an analysis related to market movements. And sometimes we already know which way the market will move. Like when the support point has been penetrated then we know the next goal is a further decline. But sometimes we are not patient enough to wait for the decline. I still get stuck on this sometimes. Well, in essence, emotional management is very important in trading. And it takes a strong mentality to be patient and not be in a hurry. And yes, this happens not only to beginners but sometimes even professional traders make this mistake when their emotions are unstable and they don't take a break.Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
On the other hand, the scenario you told is true, I am also sometimes fooled by market situations like that when I see that the support or resistance point has been penetrated, and actually from my experience even though both points have been penetrated, it usually does not mean that the market movement will continue because it is still very possible for the price to continue to experience a reversal, so you have to be a little more patient, wait for confirmation from the next candle, don't rush to draw conclusions.
Not only for beginners but hasty actions are also dangerous for professional traders, especially for beginners whose knowledge and experience are still very minimal.
Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
Sometimes, even though we already have enough insight regarding trading, we are still not very skilled at controlling our emotions, which makes us always make hasty decisions. For example, sometimes we have made an analysis related to market movements. And sometimes we already know which way the market will move. Like when the support point has been penetrated then we know the next goal is a further decline. But sometimes we are not patient enough to wait for the decline. I still get stuck on this sometimes. Well, in essence, emotional management is very important in trading. And it takes a strong mentality to be patient and not be in a hurry. And yes, this happens not only to beginners but sometimes even professional traders make this mistake when their emotions are unstable and they don't take a break. Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
Good point, there's always risk but if you fully understand what you are doing then the chance to prevent or avoid that risk may take place, you have to continue learning the process and if ever you encounter mistakes and loses make sure to note that up and use it as basis on your next decision making, positioning is what we need to learn and how we execute our trades, once you established that then chances to earn will follow.
Traders need to take into account any mistakes they could actually make, as one of the things that ruins newbies is that they think they will always trade the markets to the best of their ability and this is not true, we can have bad days too and days in which we are not feeling at 100%, so when that happens you have to either take a break or risk making a mistake, and if it happens you need to avoid to chastise yourself too hard, because as long as the mistake is not a grave one, you can eventually recover whatever money you could have lost.Situaion that you need to be wise, like what you said not everytime that we enter the market it will turn to our favor, you should always be ready to manage your finances as failed trades mostly lead us to be more aggressive and without good understanding and control, you'll risking the chance that you'll be tailing the market and push you to lose more.
It's better to have that good amount of patience, re-assess and keep yourself with your patterns and strategy, it helps a lot to prevent making mistake in quickly decide but instead gives you enough time to think and deeply analyze what's will be the good move after.
Both experienced and newbie traders do looses on their trades all because they can't always get on the right target of the market.
But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
Losses are normal due to the market's volatility, and no matter how much we analyze, it's impossible to nail the perfect timing. The tough part for some people is that they struggle to understand this reality, even though they know it's true. What makes it difficult is when they can't accept the losses because they’ve already set their minds on making quick money.But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
We have to accept that trading isn’t easy. At any time, we could either lose or profit, which is why patience and understanding are key. The truth is, no matter how many years we've been trading, if we don’t fully understand what we're doing, we won't succeed.
For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Nobody rushes into a river while learning how to swim without testing the waters first with a foot. You don't test with both feet. Otherwise the person drowns in the process. It's the same thing that happens with driving. So, why do people think they can go into trading and become profitable immediately without the set skills.l? I don't invest any sympathy on newbies who rush into trading and then lose without trying to acquire the skill set for it. 
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade
We don't need to rush in trading, what we need to do in trading is to look into is the loops hols that will make us to lose in trading and fix it up....one of the things that makes people to lose in trading is greediness and lacking of knowledge of trading. Majority of traders joined trading business because of information they obtained from other people, and when they think that they can do same and make profit and they end up experiencing loss, despite that nobody knows it all in trading, but before you join trading you need to undergoes training through your tutorial research of trading.
It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
It is better not to rush when a beginner wants to run a trade because it will give a risk of loss and it is better to learn trading in a more responsible way even though getting small profits before.
Trading that is started in a hurry will not give good results because one does not have a view when the trade does not go according to plan.
It's okay to be late as long as you're safe and this is what I always consider when I want to spend money and it doesn't just apply to trading.
Take the time to improve your skills and learn the basics so you have a perspective when you get involved in trading.
Trading is not easy to do but everyone has the opportunity to achieve success in trading if they learn it properly.
Good point, there's always risk but if you fully understand what you are doing then the chance to prevent or avoid that risk may take place, you have to continue learning the process and if ever you encounter mistakes and loses make sure to note that up and use it as basis on your next decision making, positioning is what we need to learn and how we execute our trades, once you established that then chances to earn will follow.
Traders need to take into account any mistakes they could actually make, as one of the things that ruins newbies is that they think they will always trade the markets to the best of their ability and this is not true, we can have bad days too and days in which we are not feeling at 100%, so when that happens you have to either take a break or risk making a mistake, and if it happens you need to avoid to chastise yourself too hard, because as long as the mistake is not a grave one, you can eventually recover whatever money you could have lost. Indeed, experience traders follow patterns that may allow them to be compensated back if the target did not meet right away as long as they are in the track bounce back may take place and will allow them to recover unlike with newbies they quickly jumping into conclusion and quickly decide to quit then lose their initial investment, more on how you perform your research and how deep you analyze the potential before deciding if what will be your next plans as market will keep moving unexpectedly.
The experience traders started as the beginners are doing right now therefore, the beginners can someday belike the experience traders if they believe in themselves and not stop trying until they better their trading skills. At times we need the mistakes to make our decision to be better chosen and not be making them when we have gotten more money to put into our trading accounts but later to lose them all because we do not have experience. Trading should be done with extreme precautions because we do not get to have our money back after we have lost it. You do not have to rush anything that you are doing, do it carefully so that every decision that you are taking will favour you. The market will always want to take your money but you have to be more strategic to prevent that from happening.
Indeed, experience traders follow patterns that may allow them to be compensated back if the target did not meet right away as long as they are in the track bounce back may take place and will allow them to recover unlike with newbies they quickly jumping into conclusion and quickly decide to quit then lose their initial investment, more on how you perform your research and how deep you analyze the potential before deciding if what will be your next plans as market will keep moving unexpectedly.
The experience traders started as the beginners are doing right now therefore, the beginners can someday belike the experience traders if they believe in themselves and not stop trying until they better their trading skills. At times we need the mistakes to make our decision to be better chosen and not be making them when we have gotten more money to put into our trading accounts but later to lose them all because we do not have experience. Trading should be done with extreme precautions because we do not get to have our money back after we have lost it. You do not have to rush anything that you are doing, do it carefully so that every decision that you are taking will favour you. The market will always want to take your money but you have to be more strategic to prevent that from happening.
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding.
Having a certain strategy will allow you to make better profits. If you know how to read charts and know TA then you are going to have certain points where you think it's better to buy a coin, and if you can do that then you are going to realize that it is not happening every day at every hour, it happens rarely and you should be careful about getting into the market just because you want to make more profit. I know that it takes time but it is going to be something that will not be all that easy to see. We should be careful and maybe we will do fine in the end.We shouldn't really consider this as a good thing, we should consider this as a big thing and maybe we will do fine in the end. If you ignore your own strategy, then you will lose money and you will not make much of it back as well. I personally saw a lot of people who made the same mistake and in most cases those people ended up losing money and because of that it is a big problem that we are facing.
Both experienced and newbie traders do looses on their trades all because they can't always get on the right target of the market.
But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
Indeed, experience traders follow patterns that may allow them to be compensated back if the target did not meet right away as long as they are in the track bounce back may take place and will allow them to recover unlike with newbies they quickly jumping into conclusion and quickly decide to quit then lose their initial investment, more on how you perform your research and how deep you analyze the potential before deciding if what will be your next plans as market will keep moving unexpectedly.
Not only for beginners but hasty actions are also dangerous for professional traders, especially for beginners whose knowledge and experience are still very minimal.
Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
Basically in any case, especially in activities involving money, acting hastily will always be too dangerous, because when you take hasty action, it means that your considerations are not optimal, which will lead you to the wrong decision.
On the other hand, I am sure that these actions are more often carried out by beginners, because when someone has knowledge and experience, they will certainly know that acting hastily will only endanger themselves, but beginners do not think in that direction, which is because their knowledge is still minimal, I hope they, especially beginners, look for references from various sources related to what can be done and what should be avoided.
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade.
You have said the fact about newbies joining the trading; they think trading is a quick way to make money, although on the other hand it is, but the way they take it is not like that. You can’t earn without the knowledge of trading; you will keep losing money in trading. Trading is something different; it’s beyond what they think. Knowledge should be the first thing they should look for before anything else.
Both experienced and newbie traders do looses on their trades all because they can't always get on the right target of the market.
It’s true that regardless of how knowledgeable you are, you will still lose in trading. But people who are more likely to lose and at high risk of losing their money in trading are the newbies that did not have sufficient knowledge of trading. They lose more in trading there somethings that professional traders will do to escape some losses; newbie traders may not have that knowledge to do such things. Knowledge is very important.
Both experienced and newbie traders do looses on their trades all because they can't always get on the right target of the market.
But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
But though newbies who are eager to jump into trades because they want to make quick thinking the basic knowledges they've acquired are good enough for them as a matter of impatient to learn the factors surrounding the risks and profits are usually liable to loose exceedingly and that could make them give up within a short term why because they were not financially and knowledgeably prepared.
While experienced Investors are also exposed to losses too but has the potential strategies to recover their loose in further trades because they're experiences enough to figure where their loopholes came from so also they could amend to it.
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