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. 
Topic: Don't rush you will still win - page 4. (Read 2264 times)
Investing regularly is a good strategy to consider, especially if you have extra budget. If so, you might consider DCA and buy regularly when you have the budget. Many investors practice this strategy for the purpose of accumulating bitcoins, so over time their portfolios grow larger.
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.
That’s just the fact to newbie’s rushing to trading it’s a big reason why a lot of people’s are losing of their money when it’s come to trade, some people’s think that a trade is way of making quickly money they unaware that is also deserved enough knowledge:, is involved so many risks; some newbie’s are will be claim that there experts and the trading is not all about that instead of them should be calm and ask those that have already be professional traders but they will not that’s why some lose a huge amounts in trading without any single profits.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.
Yeah everything in this life is a gradual process anyone who is really want to be successful in whatever is doing most have to be endure, so that’s it can know much on how the process of what is try to establish or goes the same things with the trading is also needed long time leaning to know the aspects of the losing that and the risks that are involved. 
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.
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.
Patience is the key to success in whatever we do and so it is in trading, without patience we will just end of losing money and taking un calculated risks. Lack of patience is very common with beginners because all they think of is making money and they eagerly looking for profits. Trading requires patience and also requires time to learn and understand it properly to reduce the chances of failure, having knowledge about trading doesn’t guarantee success because even experts experience loss too. Newbies need to learn to be patient and also eliminate greed in their tradings if they want to be successful in trading because it is a very risky business. Therefore, this is why we are really advised to know and understand what and how the activities we are facing are actually by using a rational mindset in assessing these activities, because that way you will know and realize that all decisions and actions must always be calculated and considered. And actually there are still quite a lot of things that must be prepared by a trader, especially beginners, not only about patience, strong intentions and determination related to the willingness to always learn must also be prepared, because after all, the profit in trading depends on how much knowledge you have.
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.
Patience is the key to success in whatever we do and so it is in trading, without patience we will just end of losing money and taking un calculated risks. Lack of patience is very common with beginners because all they think of is making money and they eagerly looking for profits. Trading requires patience and also requires time to learn and understand it properly to reduce the chances of failure, having knowledge about trading doesn’t guarantee success because even experts experience loss too. Newbies need to learn to be patient and also eliminate greed in their tradings if they want to be successful in trading because it is a very risky business. 
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.
Vry important factors that will save your butt when dealing inside trading, it's a must that you should do before taking your position, there are things that you needed to study and analyze, it helps to lessen the risk and give you potential benefits.
Quote
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.
Best not just to lean with luck, something that you can use as patterns when placing your position and making your decision when it's needed.
Quote
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.
Not easy as if it is then we will see more successful traders than those who failed, it's a never ending study and adoptions that you need each time you position your trades.
It is better to go slow with trading and be consistent as beginner than to be very fast.
Even as a professional trader, it’s better you go slowly, it’s not applicable to only newbies alone. If you are in a rush to make money, sometimes you might end up getting things wrong. 
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.
Honestly, if newbies can calm down and take the time to gain some deep knowledge before getting involved in trading, I believe the rate at which they lose money would not be as high. This lack of proper knowledge before starting to trade is what causes so many people to continue losing money. Those that seek knowledge and don't rush into trading may still lose sometimes due to how difficult trading is, but the truth is that people with good knowledge generally make profits. So, it will be very hard for anyone to succeed in trading without first seeking good knowledge about trading.
It is better to go slow with trading and be consistent as beginner than to be very fast.
As a beginner, I don't think someone can be consistent in trading because of how difficult trading is. Even those who have good knowledge about trading also face losses. But when someone gives themselves time to learn and become knowledgeable about trading, some ways of losing will definitely be reduced. Beginners need to give themselves time to learn; let them study trading like they would a course in college or university. If someone treats trading seriously and learns step by step, when it's time for that person to trade, they will experience more profits than losses, just like experienced traders.
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.Because when you come and get involved without any reason related to why you open a position in a market, it means it is no different from gambling that depends on luck, and this is what traders do who eventually lose all their money in a short period of time.
This is also the reason why trading platforms provide various indicator features that can be used by traders which are none other than to help traders when they want to execute by combining with the knowledge or strategy owned by the trader himself, although the indicator is not 100% accurate but at least it can be used as one of the clues and benchmarks to at least know where the price will go, and I will say that some people who say that making a profit from trading is easy are those who don't know anything.
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.
How will you start trading, and you're going to be expecting profits immediately? That’s wrong now, most people who will have this mindset are the ones that don’t really have interest in trading, and they are being forced by people to trade. Maybe they joined a trading signal provider group, and they are assured they will never lose if they follow their signal, so when someone like that enters the first trade, they will have the belief that they are going to win immediately because the person has been brainwashed already. 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.
Everyone’s main aim in trading is to make money, but you can’t just start trading instantly and you will be making money, it’s not possible. When anyone starts trading, they should always expect loss. That’s why I do recommend newbies not to trade with all the amount that they allocate for trading, they should just use a little amount because there are high chances that they will lose it. It is better to go slow with trading and be consistent as beginner than to be very fast.
Even as a professional trader, it’s better you go slowly, it’s not applicable to only newbies alone. If you are in a rush to make money, sometimes you might end up getting things wrong. 
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.
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.
Jump to: