Don't rush you will still win - page 3.

Mr. Magkaisa

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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. 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.

- Those who often lose in actual trading and those who do not have enough knowledge in trading or beginners, those who are in a hurry to make money in crypto trading,
are the ones who always lose their capital in trading.

Because others think that it's easy to make money in trading because it's just buy and sell, they think that's all and that's the end of it; they don't know how to discuss crypto trading widely.
That is why its much better to slow learner rather your a fast learner but didn't implement the proper way in the actual trade.

Dewi Aries

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Quote from: Fredomago on September 27, 2024, 04:07:10 AM

Quote from: Adbitco on September 26, 2024, 06:19:54 AM

The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.

A matter a lot when you are expecting and the market turned against you, not all alternative coins will move the same direction where Bitcoin is heading, most of them are being played by traders and when you feel uncomfortable and sell your holdings that's the time where those big players starts to hype the project, more on timing and how good you are in trusting whatever project you decide to support and hold, but yeah, better to stay with Bitcoin if you have decent amount of money to invest.

So far I think there is nothing better to be used as an investment asset in the crypto world than bitcoin, or some coins below it such as ETH or BNB for example, and besides that I don't believe in other coins, the reason is clear that it is a coin that has been proven to have good prospects in the long term, especially bitcoin itself. But there's nothing wrong with choosing a small coin type to trade or use as a long-term investment asset for example, because after all everyone has their own choices and points of view, something that I think is good and good is not necessarily good according to you, but the point is you have to know about all the risks when you trade coins that are not very popular, none other than because there have been quite a few of my friends who have experienced quite significant losses when they trade coins that are not very clear in their prospects until finally their investment funds get stuck.

betswift

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Quote from: ?? on ??

I totally get where you’re coming from! When I first started trading, I was eager to make quick profits, and I rushed into it without really understanding what I was doing. I lost money pretty quickly and learned the hard way that patience is key.

I found it way more effective to take things slow, focus on learning the basics, and make smaller trades. That way, I could actually see what worked and what didn’t without losing a ton of cash. It’s a lot less stressful to build up your skills gradually, and those smaller losses can really turn into valuable lessons.

Yep, don't push your luck, use limits on your sessions, be wise, and responsible, and it will click for you in no time. Experience builds up naturally, and it's good to be in a position where nothing would make you do something unwise.

Fredomago

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Quote from: Adbitco on September 26, 2024, 06:19:54 AM

Quote from: Fredomago on September 24, 2024, 06:44:28 AM

Quote from: Adbitco on September 23, 2024, 10:12:32 PM

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.

A matter a lot when you are expecting and the market turned against you, not all alternative coins will move the same direction where Bitcoin is heading, most of them are being played by traders and when you feel uncomfortable and sell your holdings that's the time where those big players starts to hype the project, more on timing and how good you are in trusting whatever project you decide to support and hold, but yeah, better to stay with Bitcoin if you have decent amount of money to invest.

Rampagoe004

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Quote from: CageMabok on September 25, 2024, 10:08:50 AM

Quote from: sosruko on September 25, 2024, 05:36:01 AM

Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate.
i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol

Holding Bitcoin in the long term can be a better investment option and I don't think it should be considered trading if you don't sell it in the near future. And even if you want to sell it again into the exchange, of course the choice is not at a lower price, especially if the price itself is experiencing a decline which can make you lose when selling it. Because Bitcoin is the best coin where its holders don't need to panic if the price is experiencing a decline which in general can still increase again at a better moment. So choose another coin to use in trading and store Bitcoin very safely for your own future assets.

Storing bitcoins in the long term is a trick used by both large and small investors. Bitcoin always sees very significant price increases from year to year, almost equivalent to an investment with Gold in an era that has advanced technology. If you save bitcoins for a long period of time, open the buying and selling guidelines again if you can make a little profit but it will become an asset for the future.
Many of them panic and rush into trading, it's a shame to buy at a high price, sell at a low price. That's why every trader needs an experienced mentor. so that you can be controlled in seeking profits and also good future assets such as storing bitcoins in an undetermined amount.

bigmanik

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Well although on this forum I may appear as a newbie because i just recently joined I have actually been trading for some time now and one of the things I've learnt is that wining in trading doesn't come in one day
I remember back then when I just started trading I thought I have learnt everything I needed to know about trading and that I could double my money fast and at the time I didn't have a enough money to invest in my trading account so I went ahead to borrow from friends Well I lost all the money and I was in debt
I was so depressed and I told myself trading was not for me so I took a break from trading
Well during the break I still tried to learn alot about trading as I could and then I came back and still lost money again
What I'm trying to say is it takes time to see results
If you are the kind of person that doesn't learn from your mistakes you will keep loosing money but if you are the kind of person that learns and is always learning with patience and consistency you will surely win
Trust me just keep going

Adbitco

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Quote from: Fredomago on September 24, 2024, 06:44:28 AM

Quote from: Adbitco on September 23, 2024, 10:12:32 PM

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.

CageMabok

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Quote from: sosruko on September 25, 2024, 05:36:01 AM

Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate.
i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol

Holding Bitcoin in the long term can be a better investment option and I don't think it should be considered trading if you don't sell it in the near future. And even if you want to sell it again into the exchange, of course the choice is not at a lower price, especially if the price itself is experiencing a decline which can make you lose when selling it. Because Bitcoin is the best coin where its holders don't need to panic if the price is experiencing a decline which in general can still increase again at a better moment. So choose another coin to use in trading and store Bitcoin very safely for your own future assets.

Fredomago

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Quote from: sosruko on September 25, 2024, 05:36:01 AM

Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate.
i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol

Sad mistake but most of the time you made this kind of action when you are unsure with your investment, that's the very reason why traders or investors needs to work more with the knowledge that they need before taking their foot inside this type of business, there are many factors that we needed to consider and once we already familiriazewith that, chances increase that we might make decent amount of potential compensation.

Though not everytime but the chance is decent if you really wanted to make your ventures to succes, do not rush to decide but better to invest your time to learn more deeper.

Dewi Aries

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Quote from: sosruko on September 25, 2024, 05:36:01 AM

Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate.
i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol

I think the spot market is the safest, so I don't have too much significant concern regarding the assets I have in bitcoin, buying high and selling low I think that is an action that occurs due to the overly significant concerns that you feel, if you know and understand about how the prospects and potential are related to bitcoin then a decline is the right situation to increase the amount of your bitcoin accumulation and not sell it, that's what I've been doing all this time and I only have a plan to sell it every four years when bitcoin hits a new ATH and that's why bitcoin is more recommended to be used as a long-term investment asset.

In your case I think it seems like you have a short-term plan in trading bitcoin, like a scalping technique where you want to sell high and buy low in a short period of time, there's nothing wrong but I think it's too risky and drains a lot of energy, so I suggest changing your plan.

sosruko

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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate.
i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol

uswa56

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Quote from: shawonngp on September 24, 2024, 12:07:55 PM

Quote from: retreat on September 24, 2024, 10:52:57 AM

It is normal for a beginner to lose at the beginning of their trading, even when they are not rushing trading, because no beginner is a trading master when they first enter it - they need experience to build a good strategy in their trading - and this is all built from these losses. The most important thing is how these beginners can learn from their mistakes and be more able to control themselves to stay focused on what they have planned in their trading.

Right; if beginner will not face lose in the first entry of the trading, how will learn from trading, beginners will make a lot of mistakes and wrong step but those mistakes will make a professional trader day by day, no beginner will become professional trader in one day even without mistakes and losses. But beginners have to control their emotion and don't need to rush to make money.

If beginners can learn the mistakes they made when they first tried to trade, of course they have to improve and also be more careful when returning to trading so as not to repeat the same mistakes that make them fail again if they can be patient from each of these processes, of course they will be able to be successful in trading, but there are some people after experiencing some failures they leave trading and do not want to learning and also correcting the mistakes they made, of course, this is very detrimental to themselves.

There are many things that they must prepare to be able to become a professional trader and also take a lot of time, so patience in the learning process is also needed by those who want to become a trader because without having patience they will be able to leave trading young after experiencing several failures.

nara1892

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Quote from: OcTradism on September 23, 2024, 10:55:28 AM

Quote from: nara1892 on September 23, 2024, 10:51:02 AM

Exactly, patience is indeed one of the keys to success in anything as you said, but what always triggers problems that befall traders, especially beginners, is that they seem to ignore this important thing, they seem to be in a hurry when trading, maybe because they are impatient to get profit, even though it is clear that in trading the possibility of loss is also another thing that will remain involved in addition to the opportunity for profit.

Patience only works well if you use your patience properly.

If you open a bad trading position, but hesitate or don't want to cut loss and close your bad position, but in fact you want to patiently wait and hope that the market will move and change your bad position to a good one, with profit, it's very terrible. You can lose big money or your position can be liquidated if you use leverage.

In investment, have patience does not always help you getting profit. It is only helpful if you already chose a good cryptocurrency to invest, for example and in my recommendation, it's Bitcoin. If you invest in a shit coin, but patiently hold it, you will get loss, or big loss.

Well that's right, although patience is something that is always recommended for a trader to have but it will only be useful if they use it correctly, like the scenario you mentioned when someone is wrong in applying patience when they are in a wrong position and instead chooses to be patient and hold the position with high hopes which ultimately leads them to a large amount of loss.

On the other hand, by discussing this matter, I think a trader must first know and understand what they are facing, at least know the simple things that trading is risky and maintain awareness so that they do not make mistakes in applying patience, because if you know about how to apply patience correctly then I think no matter what coin you trade you will be able to manage and apply that patience properly and correctly.

shawonngp

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Quote from: retreat on September 24, 2024, 10:52:57 AM

It is normal for a beginner to lose at the beginning of their trading, even when they are not rushing trading, because no beginner is a trading master when they first enter it - they need experience to build a good strategy in their trading - and this is all built from these losses. The most important thing is how these beginners can learn from their mistakes and be more able to control themselves to stay focused on what they have planned in their trading.

Right; if beginner will not face lose in the first entry of the trading, how will learn from trading, beginners will make a lot of mistakes and wrong step but those mistakes will make a professional trader day by day, no beginner will become professional trader in one day even without mistakes and losses. But beginners have to control their emotion and don't need to rush to make money.

tetra098v

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I absolutely agree about this statement it is true fact for this reason i told everyone to follow smart money concept SMC in trading

retreat

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It is normal for a beginner to lose at the beginning of their trading, even when they are not rushing trading, because no beginner is a trading master when they first enter it - they need experience to build a good strategy in their trading - and this is all built from these losses. The most important thing is how these beginners can learn from their mistakes and be more able to control themselves to stay focused on what they have planned in their trading.

Dewi Aries

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Quote from: Fredomago on September 24, 2024, 06:44:28 AM

Quote from: Adbitco on September 23, 2024, 10:12:32 PM

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

True, in fact the situation of success in getting profit can make a trader overreact, not much different from the scenario in gambling where when you win you will feel great and greed will continue to tempt and push you to get more, until finally the wrong decision making is very possible for a trader in that situation.

Therefore I think one of the quite effective solutions is to maintain a level of awareness within yourself, make sure you realize that even though for example now you have managed to make a profit, it does not mean that the results in the next session will be the same. Therefore, this is why we are always advised to apply daily TP in trading, none other than because it is something that will help you to stop immediately when you have managed to make a profit.

Fredomago

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Quote from: Adbitco on September 23, 2024, 10:12:32 PM

Quote from: Silberman on September 23, 2024, 03:27:01 PM

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. 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.

It is completely understandable that traders want to win every single trade but this is not possible, instead you should look at your results after a hundred of trades and if you obtain profits then it does not matter how many times you lost as you earned more money anyway, however gaining this kind of perspective takes time and most newbie traders are unable to think on this way, and this causes them to suffer loses they could have avoided easily if they did.

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

justdimin

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Quote from: OcTradism on September 23, 2024, 10:55:28 AM

Patience only works well if you use your patience properly.

If you open a bad trading position, but hesitate or don't want to cut loss and close your bad position, but in fact you want to patiently wait and hope that the market will move and change your bad position to a good one, with profit, it's very terrible. You can lose big money or your position can be liquidated if you use leverage.

In investment, have patience does not always help you getting profit. It is only helpful if you already chose a good cryptocurrency to invest, for example and in my recommendation, it's Bitcoin. If you invest in a shit coin, but patiently hold it, you will get loss, or big loss.

I think that is not what people talk about when they talk about patience most of the time, they mean long term holding, for example like bitcoin holding. Trading isn't something you need to be patient about but something that you need to check the data and if the analysis shows that you are doing the right thing by holding then you could hold some more but if it looks like you should get out then you shouldn't be holding at all.

Trading is usually a lot quicker and that is why it doesn't require patience as much as long term holding does. Same logic would apply to long term holding too, you could buy some shitcoin and be patient that it will go up but it could crash to zero, in that case you should have gone out quickly before it dropped, hence even at long term holding it means that you need to be holding something that will bring you profit and only then it would make sense to be patient and hold long term.

Adbitco

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Quote from: Silberman on September 23, 2024, 03:27:01 PM

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. 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.

It is completely understandable that traders want to win every single trade but this is not possible, instead you should look at your results after a hundred of trades and if you obtain profits then it does not matter how many times you lost as you earned more money anyway, however gaining this kind of perspective takes time and most newbie traders are unable to think on this way, and this causes them to suffer loses they could have avoided easily if they did.

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Topic: Don't rush you will still win - page 3. (Read 2264 times)