Don't rush you will still win - page 2.

lixer

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Quote from: Sobz on August 14, 2024, 05:55:38 AM

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.

Trying to rush is something that newbies do very quickly, and it applies in many aspects as well. For example, they see a buy chance where it is not, but they can't wait a week to see something that actually could benefit them, which is an issue and I believe that we are not going to see this changing a lot more, we are not going to make sure this gets ahead, we can't make it change that much. We need to consider this as much of an issue as it gets and without that we can't really change the world all too much.

We need to get to a point where we can wait however long we need to wait to make this work, that way we could get a lot better result and we should be seeing this changing for the long term as well. I know that it will take some time, but eventually we are going to see this getting to a point where it could reach a greater result. All we have to do is wait, and I agree that rushing will not make this any better, it is going to hurt us in the end.

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Quote from: Rockstarguy on September 10, 2024, 05:05:22 PM

Sometimes in trading lose can even happens without one even having any idea about but having good understanding about trading makes everything easy that won't lead to too much of lose.

Agreed because I have lost some trades that I thought it will be an easy win trade for me but after losing I didn't just forget about the trade. Losing is going to happen and we can't prevent that from happening but after it has happened, we shouldn't just ignore this but find out why it happened because there's always a reason to why you lost your trade. Sometimes it might be your mistakes while other times, it'll be because of a reason that you had nothing to do with and if you knew that was going to happen, you still won't be competent to stop it.

The market can have a reaction to a news and all of a sudden, the market is looking great and sometimes too, the market can be reacting to a bad news and it causes the market to enter a panic mode. But as a trader that wants to become successful, you shouldn't allow all this to stop you from continuing to try to become a good trader.

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Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

Trading is about lose and gain and it is very important people must have good understanding before going into trading. Even with the understanding we have about trading it is still possible for one to experience lose but the understanding of trading helps in reducing the amount of lose that will occur in the trading process. Getting understanding in trading is of good advantage to gain profit and to reduce the rate at which lose will occur.
Sometimes in trading lose can even happens without one even having any idea about but having good understanding about trading makes everything easy that won't lead to too much of lose.

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Quote from: Pandu Geddon on August 27, 2024, 11:26:41 AM

Quote from: Fredomago on August 27, 2024, 07:42:37 AM

Those who got that nerves to push forward and try harder will manage to take things in another level, though not all can be successful as it is but most likely those who have that patience will find ways to succeed, it's logically right that trading is not for everyone but for those who wanted to lead their way to lern deeper and make it worthy for them to stay.

No rush but patience and keep learning and make things possible for you to established your skills and make things better from time to time.

that's why many people say trading is not for everyone. even people who want to learn trading should know that. not to scare, just motivation for those who want to learn trading must have preparation first.

many beginners rush to trade futures, even those who do not know anything about crypto trading. learn by yourself from a video but it will only provide lessons, not an understanding. maybe they can trade but are not really ready to trade.

Trading is not for everyone because before to start trade must need know about trading, not easy to make profits in trading without knowledge. How brave they are, where spot trading is very risky for the beginners but they rush to trade in futures, it's just their stupidity and who newbies waste their money to easily they can choose futures trading.

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Quote from: mirakal on September 10, 2024, 08:32:59 AM

Quote from: South Park on September 03, 2024, 06:17:07 PM

Quote from: Nrcewker on September 03, 2024, 01:39:55 PM

Be it trading or any profession. Before rushing towards the practical implementation, you need to have the theoretical knowledge. If you lack in theory, then in real time it’s obvious that you will make mistakes. So before actually trading, invest your time to learn about trading. Then, once you are familiar with the concepts, use a demo account to understand the market. Now, when you think you are ready, only deposit a minimum balance to try trading. And yes, don’t forget that; risk that much amount that you can afford to lose.

It is also important to remember that this process can take months or even years, it is precisely because of that many newbies decide to skip all of those steps thinking they can learn how to trade as they go and save their time this way, a huge mistake without a doubt, as trading cannot really be learned on this way as the price of each mistake they commit is simply too big to ignore, so it is better to learn slowly but surely and avoid making those mistakes while they have money on the line.

Many traders underestimate the market volatility, and most of the newbies assume that trading is too easy to learn. Eventually, they are wrong, and while the majority think this way, many traders become victims of their misconception and understanding. Their mistakes help them realize that trading is too risky, which is why, as much as possible, we must do something to improve ourselves by enhancing our knowledge and skills.

Even if we trade for many years, if we never change our behavior and correct our mistakes, we still end up the same. It is too funny indeed to call ourselves a legendary loser, when in fact we have given time to learn and improve.

Trading as the it implies doesn't mean a quicker place to get rich or to break the hardship, of course we may see it as the easiest way to earn money but what have we done to make that comes to reality. Does it mean just start up trading gives us automatic wealth or we must learn and show ourselves approved? Yes of course we have all the necessary information and time energy to study to enhance our knowledge but what is holding us back is "impatient" because we would think that having to learn or co-join ourselves with someone who knows more than us is waste of time, without knowing that it's a gateway to easy learning because it would guide us to a better knowledge using their principle and instructions.

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Quote from: South Park on September 03, 2024, 06:17:07 PM

Quote from: Nrcewker on September 03, 2024, 01:39:55 PM

Be it trading or any profession. Before rushing towards the practical implementation, you need to have the theoretical knowledge. If you lack in theory, then in real time it’s obvious that you will make mistakes. So before actually trading, invest your time to learn about trading. Then, once you are familiar with the concepts, use a demo account to understand the market. Now, when you think you are ready, only deposit a minimum balance to try trading. And yes, don’t forget that; risk that much amount that you can afford to lose.

It is also important to remember that this process can take months or even years, it is precisely because of that many newbies decide to skip all of those steps thinking they can learn how to trade as they go and save their time this way, a huge mistake without a doubt, as trading cannot really be learned on this way as the price of each mistake they commit is simply too big to ignore, so it is better to learn slowly but surely and avoid making those mistakes while they have money on the line.

Many traders underestimate the market volatility, and most of the newbies assume that trading is too easy to learn. Eventually, they are wrong, and while the majority think this way, many traders become victims of their misconception and understanding. Their mistakes help them realize that trading is too risky, which is why, as much as possible, we must do something to improve ourselves by enhancing our knowledge and skills.

Even if we trade for many years, if we never change our behavior and correct our mistakes, we still end up the same. It is too funny indeed to call ourselves a legendary loser, when in fact we have given time to learn and improve.

TravelMug

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Quote from: Sobz on August 14, 2024, 05:55:38 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. 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.

In any thing is life if you rush and didn't think along the way, you might lose in the end. For trading though, I would say that if you lose then take that as a experience and not something bad that you can't recover and bounce back, you can still win in the end of you are a thinking trader or you are becoming smarter by the day.

And just be positive and just focus on your goal in the beginning. We all know that trading is really hard initially, not just money that you are going to lose, maybe a lot of sleepless nights as you are thinking about how to recover. So yeah, you might take is slow, as it reduces the risk as also the learning path, it's a slow curve that everyone will have to take to become successful.

Dewi Aries

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Quote from: Fiatless on September 03, 2024, 12:29:19 PM

Quote from: Dewi Aries on September 03, 2024, 12:00:34 PM

I believe that most of the hasty involvement in trading is often done by novice traders who have just started, usually the reason is because they want to immediately get the profits that they always imagine, even though it is clear that in trading for the matter of profit it will always depend on how much knowledge and experience you have, nothing is instant in anything, and this is the reason why everyone is required to love the process if they really want to reap something beautiful at the end of the journey.

Newbies are inexperienced and will want to make quick returns from trade. So the possibility of taking uncalculated risk will set in. But this will not mean that old traders don't also make hasty trading decisions. Sometimes greed might make an experienced trader not analyse the market accordingly before making decisions.

Some traders have so much confidence in the predictions of some popular professional traders. Without considering the risk, they will just quickly do exactly what they hear on prediction channels. However, they fail to understand that these professionals also make mistakes. Trading is a specialised field that requires learning and patience.

Yes, that's usually what beginners do, and usually these actions are taken because they really imagine the big profits that they think will be easily obtained, and also usually these actions are taken by beginners who are interested in the world of trading after seeing the big profits that have been achieved by successful traders, and of course in the end as you said that it is very vulnerable for them to make various decisions without being based on careful calculations.
And also of course it is not only done by beginners, in the sense that traders who have been around for a long time still have the possibility of making various decisions that are not fundamental, but maybe what makes it different is that a trader who has been in the world of trading for a long time will certainly not make these mistakes too often because of the experience they have.

On the other hand, I don't know why some traders put their trust and confidence in the prediction signals given by other parties on a channel, but what is certain is that I think there are several factors that are the reasons where the first is they want to get instant profits without having to analyze the market without making any considerations.

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Quote from: Zoomic on September 03, 2024, 12:52:38 PM

Any trader who relies so much on his old pattern of trading without re-adjusting his trading strategies from time to time to suit the current trading standards/situation, obviously wants to fail. Learning is not only limited to beginners, experienced traders too need to re-evaluate their trading strategy so as to enhance their chances of winning.

Traders, especially those who think they are "experienced" need to understand that it is very okay to take a break, learn and restrategize. Most traders are failing because they failed to understand this. Any failing trader who has refused to work on his strategy is really joking. Until he realizes the mistakes he is making, he will keep failing until there is nothing left for him to trade with.

The idea that trading world changes and because of that we need to change is a hard concept to grasp for most people. You are going to see that a lot of people make money one way, and because they made money that way it feels like we could actually make that work because we know that we already made money from it, then we are going to have hard time changing.

When in reality we should be changing, because the world is changing, and because of that it is going to be a hard thing if you keep doing the same thing over and over again. While it may have made you some money at some time, that doesn't mean that it will make you money forever, it is not the same thing and we should consider this as something wrong and do better job at it.

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Quote from: Nrcewker on September 03, 2024, 01:39:55 PM

Be it trading or any profession. Before rushing towards the practical implementation, you need to have the theoretical knowledge. If you lack in theory, then in real time it’s obvious that you will make mistakes. So before actually trading, invest your time to learn about trading. Then, once you are familiar with the concepts, use a demo account to understand the market. Now, when you think you are ready, only deposit a minimum balance to try trading. And yes, don’t forget that; risk that much amount that you can afford to lose.

In general, whatever we do will be based on previous theories, or more simply, we will move based on our thoughts. Well, in this case, it will certainly raise questions, such as, what, why, how. We will know that from the so-called learning process and in learning, there must be a theory that we must read or must know first. Then, after we learn about the theory, we will enter the realm of practice. Usually there will be a slight difference between theory and practice, I mean because the market is fluctuating, we must be good at finding loopholes because in theory we only learn the outline. And in the practice that we do, we will find something more detailed.

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Quote from: CageMabok on August 30, 2024, 12:30:25 PM

Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

What you said is right, but a trader who is still very new must have some quite important preparations before he trades, and that is about full trading knowledge and also a sufficient level of patience because in trading there are always two potentials that must be truly understood by every trader. The potential is the potential for loss and also the potential for profit at a certain moment so that it must be truly embedded in his mind so that beginners can trade very carefully at a certain moment.

The truth is knowledge alone about trading doesn't save you from not losing in trading but it's also in the elimination of greed and impatient that can be able to reduce a trader's losses. Both newbie and professional traders suffers from these two phenomenon as they push towards making profit. I have observed that to every trader it took them a very long time of making losses before they even started paying attention to their greed and patient with the market. The focus has always been on studying historical data analysis and different trading strategies without been holistic.

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Quote from: Nrcewker on September 03, 2024, 01:39:55 PM

Be it trading or any profession. Before rushing towards the practical implementation, you need to have the theoretical knowledge. If you lack in theory, then in real time it’s obvious that you will make mistakes. So before actually trading, invest your time to learn about trading. Then, once you are familiar with the concepts, use a demo account to understand the market. Now, when you think you are ready, only deposit a minimum balance to try trading. And yes, don’t forget that; risk that much amount that you can afford to lose.

It is also important to remember that this process can take months or even years, it is precisely because of that many newbies decide to skip all of those steps thinking they can learn how to trade as they go and save their time this way, a huge mistake without a doubt, as trading cannot really be learned on this way as the price of each mistake they commit is simply too big to ignore, so it is better to learn slowly but surely and avoid making those mistakes while they have money on the line.

Nrcewker

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Be it trading or any profession. Before rushing towards the practical implementation, you need to have the theoretical knowledge. If you lack in theory, then in real time it’s obvious that you will make mistakes. So before actually trading, invest your time to learn about trading. Then, once you are familiar with the concepts, use a demo account to understand the market. Now, when you think you are ready, only deposit a minimum balance to try trading. And yes, don’t forget that; risk that much amount that you can afford to lose.

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Quote from: EarnOnVictor on September 03, 2024, 11:06:50 AM

Quote from: CageMabok on August 30, 2024, 12:30:25 PM

Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

What you said is right, but a trader who is still very new must have some quite important preparations before he trades, and that is about full trading knowledge and also a sufficient level of patience because in trading there are always two potentials that must be truly understood by every trader. The potential is the potential for loss and also the potential for profit at a certain moment so that it must be truly embedded in his mind so that beginners can trade very carefully at a certain moment.

What I refuse to understand is that most people talking about the challenges of trading often points it towards the new traders, is that the reality of the market success? Certainly not. Fine, the new traders should learn to get prepared for the tasks ahead, but what about the old and failing traders? They equally need this learning and training to make sure that they are fitting for the money making. There is no honour in the title of an experienced traders with a capital failure written to his name, which is why I believe it's good we balance things here. All traders who are not earning should often be collectively referred to in advice in my opinion as they still have one or two things that are lacking before they can achieve their trading goal.

Any trader who relies so much on his old pattern of trading without re-adjusting his trading strategies from time to time to suit the current trading standards/situation, obviously wants to fail. Learning is not only limited to beginners, experienced traders too need to re-evaluate their trading strategy so as to enhance their chances of winning.

Traders, especially those who think they are "experienced" need to understand that it is very okay to take a break, learn and restrategize. Most traders are failing because they failed to understand this. Any failing trader who has refused to work on his strategy is really joking. Until he realizes the mistakes he is making, he will keep failing until there is nothing left for him to trade with.

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Quote from: Dewi Aries on September 03, 2024, 12:00:34 PM

I believe that most of the hasty involvement in trading is often done by novice traders who have just started, usually the reason is because they want to immediately get the profits that they always imagine, even though it is clear that in trading for the matter of profit it will always depend on how much knowledge and experience you have, nothing is instant in anything, and this is the reason why everyone is required to love the process if they really want to reap something beautiful at the end of the journey.

Newbies are inexperienced and will want to make quick returns from trade. So the possibility of taking uncalculated risk will set in. But this will not mean that old traders don't also make hasty trading decisions. Sometimes greed might make an experienced trader not analyse the market accordingly before making decisions.

Some traders have so much confidence in the predictions of some popular professional traders. Without considering the risk, they will just quickly do exactly what they hear on prediction channels. However, they fail to understand that these professionals also make mistakes. Trading is a specialised field that requires learning and patience.

Dewi Aries

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I believe that most of the hasty involvement in trading is often done by novice traders who have just started, usually the reason is because they want to immediately get the profits that they always imagine, even though it is clear that in trading for the matter of profit it will always depend on how much knowledge and experience you have, nothing is instant in anything, and this is the reason why everyone is required to love the process if they really want to reap something beautiful at the end of the journey.

And it is true as you said OP that hasty actions usually make traders lose money for nothing, as I said above that profit always depends on the knowledge you have, meaning that when someone is still a beginner then of course they don't know much, then how can they get the profits that are always expected? that's what we must always pay attention to, and that's why we shouldn't just look at the sweet side when we find something that looks tempting, think rationally and realistically.

EarnOnVictor

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Quote from: CageMabok on August 30, 2024, 12:30:25 PM

Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

What you said is right, but a trader who is still very new must have some quite important preparations before he trades, and that is about full trading knowledge and also a sufficient level of patience because in trading there are always two potentials that must be truly understood by every trader. The potential is the potential for loss and also the potential for profit at a certain moment so that it must be truly embedded in his mind so that beginners can trade very carefully at a certain moment.

What I refuse to understand is that most people talking about the challenges of trading often points it towards the new traders, is that the reality of the market success? Certainly not. Fine, the new traders should learn to get prepared for the tasks ahead, but what about the old and failing traders? They equally need this learning and training to make sure that they are fitting for the money making. There is no honour in the title of an experienced traders with a capital failure written to his name, which is why I believe it's good we balance things here. All traders who are not earning should often be collectively referred to in advice in my opinion as they still have one or two things that are lacking before they can achieve their trading goal.

Fredomago

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Quote from: CageMabok on August 30, 2024, 12:30:25 PM

Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

What you said is right, but a trader who is still very new must have some quite important preparations before he trades, and that is about full trading knowledge and also a sufficient level of patience because in trading there are always two potentials that must be truly understood by every trader. The potential is the potential for loss and also the potential for profit at a certain moment so that it must be truly embedded in his mind so that beginners can trade very carefully at a certain moment.

Exactly, you need those combination as it will allow you to extend the wait that mostly needed when you are involve into gambling, traders needs time as preparations to learn more about the details and how they will execute their trades, both position and anticipation is more on the time frame that you'll observe how the market behaves.

Newbie traders needs a keen adoption and better understanding to adjust whenever they need as it's your hard earned money that you'll going to lose if you missed those important factors before you place your trade positions.

alastantiger

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Quote from: DarkState on August 28, 2024, 01:02:02 PM

In my opinion new traders should do demo trading first. I would say at least they should do demo trading for 3 months then after that they can start real trading. Rush trading should never be done. Beginners often do rush trades in hopes of high profits, which results in a lot of losses.

Starting with demo account for your trading practice is a good starting steps and not rushing to start trading live account because you'll blow it up. Demo trading for 3 months will make the trader to master all the trading strategies that he has been taught without experiencing any loss because demo account isn't real money. Trading without having patience isn't a good way to start trading as patience is one key factor that is needed for a trader to profit. Traders that have patience will avoid getting tricked out of the market because they won't be too quick to exit the market when they enter a trade. Being impatient isn't something to be proud about because it isn't going to help you in trading. You require patience to learn, trade and also when you want the take profits too because rushing into conclusion would cause you to have consequences that might lead to you losing.

CageMabok

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Quote from: Septex on August 30, 2024, 12:14:07 PM

Newbie traders are most likely to lose money in the beginning when they trade. But before trading, it is very important to know and research the details of how to trade and when trading in which coin has the potential to earn money. However, it is not the case that just knowing and doing research will save you from getting financially hurt by trading. Then every trader would surely only gain profit and never lose due to knowledge alone. As soon as you decide to trade, you should also keep in mind that you can lose money at any time. But one thing is that if you do it patiently and slowly become proficient then at some point you will be able to earn profit from here.

What you said is right, but a trader who is still very new must have some quite important preparations before he trades, and that is about full trading knowledge and also a sufficient level of patience because in trading there are always two potentials that must be truly understood by every trader. The potential is the potential for loss and also the potential for profit at a certain moment so that it must be truly embedded in his mind so that beginners can trade very carefully at a certain moment.

Topic: Don't rush you will still win - page 2. (Read 1316 times)