Don't rush you will still win - page 10.

Kelward

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Quote from: EarnOnVictor on August 14, 2024, 01:58:24 PM

I would have loved it if you could use "May" instead of "Will" in your title, for this context of "Will" often puts traders and intending traders into trouble as if they still have some undeniable successful future in trading but it is not as easy as that.

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

You're right in your correction on the subject of this thread, using the word WILL implies that if you don't rush that you'll be successful in trading. The word MAY should have been more appropriate because it'll clarify that if you don't rush that you have better chances in trading, but I guess that it's just a grammatical error.

Many newbies don't know that crypto trading is hard, they think that it's a get rich quick scheme where they'll put in money and start getting returns immediately. Most of them learn the hard way after losing their funds due to impatience and not using the amount that they can afford to loose. It's after encountering loses that they'll see the need to first understand the fundamentals and technicalities of trading before entering it. The fact is that crypto trading is not for everybody, people who are not prepared to diligently learn how it works will be having far more loses than profits.

mirakal

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Nobody is exempted from losing OP; all traders experience such things, even old and experienced traders. Maybe we could say that newbies often lose more, but they should not have put this as an excuse, as this is a way to minimize it by acquiring knowledge first before trading.

And that is right, we should never take trading too easily; we must understand the risky nature of which learning should be prioritized. We take into consideration the shared experience of old traders. Perhaps they are giving us some ideas about what we should do. If we want to succeed, then we must also change our behavior and trading approach. Having smart thinking would always do us a favor, not failure.

2Pizza410000BTC

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You can't rush on trading platform, but you shouldn't rush anything. Haste does not bring a good solution especially if the trading platform is rushed then never a trader can profit. Here you have mentioned only the issue of haste, I would like to mention a few more points that all the strategies that a trader does not follow can cause a lot of damage in trading, one of them is excessive greed and emotional trading. People lose most money on trading platform due to excessive greed so greed should be eliminated from trading platform first. Moreover, trading platform is not easy that you can earn money from here very easily, trading platform is a difficult platform and it is very risky to earn money from here. So to earn money from here you must earn by gaining maximum experience.

Maslate

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This is why newbies should accept the fact and internalize that patience is the key factor to win in trading. If they show no patience, that means they have no time to research well, and harness their strategies and skills in trading since they end up rushing in trading and lose their funds in an instant. If only they will understand that market condition varies and keeps changing, then they will probably realize that it’s essential to wait for the right timing to trade so they won’t end up trading at loss due to lack of trading knowledge and market analysis.

SamReomo

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New traders are actually not traders at all because they know nothing about trading and want to make profits no matter what. Some of them use leverage to earn so much profits within short period of time and with that approach instead of making money, they end up losing it.

A newbie should try his/her best to observe the market and monitor it carefully for a few weeks and once he/she understands the volatility of the market only then he/she should go for trading. We all know that trading has its own risks and a newbie often doesn't understands a bit about those risks and keeps daydreaming about being rich from trading.

Coyster

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This has been discussed so many times in this forum and on this board, if you don't understand how to trade and you are new to the concept, then you should not trade. It is wrong to try out trading when you are not so sure of what you are doing. Don't get me wrong, i am not saying people who have been trading for a longer time are guaranteed to make money, no, they lose a lot too; but you stand a better chance succeeding at trading if you learn the skill first.

terrific

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Quote from: Sobz on August 14, 2024, 04:55:38 AM

It is better to go slow with trading and be consistent as beginner than to be very fast.

I agree.
This is 100% better than someone who's in a hurry to learn everything. I am afraid that not everyone can learn quickly and in trading, you don't do that.
That's because you have to be careful in there and every loss you make, you have to have something out of it for you to learn.
Take steps little by little and slower so that you won't make a lot of mistakes at the beginning. And each mistake you make as you start, will certainly going to be one of the foundations that are building these newbie traders.

Charles-Tim

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Quote from: EarnOnVictor on August 14, 2024, 01:58:24 PM

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

From the findings that I got in the past, 10% of traders are the traders that are making money from trading. I guess these traders will use averaging with small amount of money and they may not even use leverage at all. What they gain may not be much but their trading plans are for how to avoid losses. According to recent research, 80 to 99% of traders are losing. Which means most traders will not make it from trading. Many of the traders will only trade to lose continuously until they are tired or have responsibilities to use their money on instead of wasting it on trading.

EarnOnVictor

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I would have loved it if you could use "May" instead of "Will" in your title, for this context of "Will" often puts traders and intending traders into trouble as if they still have some undeniable successful future in trading but it is not as easy as that.

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

OcTradism

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Quote from: Sobz on August 14, 2024, 04:55:38 AM

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.

Rushing to teach others about trading when you are a newbie is not good.

My assumption is you are actually a newbie and your member rank truly reflects what you knew of the forum, Bitcoin and cryptocurrency market as well as trading. If you are not an authentic newbie, my assumption is wrong and this opinion is wrong too.

Newbies Stop Teaching When You Need To Learn.

_act_

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New traders are losing. That is just the fact.

Do you know the worst part? They may think they know about trading after they have traded some coins and making money from it every time. They will be tempted to double their money or even increase their leverage. Then the loss will begin.

The traders that did not lose too much in the begining are using just little amount of money which is very small.

Sobz

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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.

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