Don't rush you will still win - page 4.

$weetne$$

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

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.

Trading is risky to people who do not know anything about trading but are just rushing to open account with any cryptocurrency exchanges to trade because they got told, trading can make them rich although the people that told them that, did not tell them about the other things that can go wrong when trading with any background experience. Rushing into trading will just make you to rush out because you are going to exhaust all your money. Trading have to be handled with care and you are going to be very gentle about anything you are doing. As you get to know more about trading and how to do it rightly, it will no longer be a risk as you now know all the risks and how to avoid them to avoid getting only losses when you are trading.

GxSTxV

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It's the hype of crypto and trading that creates false mindset of easy money by trading, brokers and trading platforms marketing also are tricking new people into trading with 0 knowledge, rushing into investment of large amounts of money without knowing what to do exactly, and that's what causes people to lose at the beginning of their journey, beside most of traders are losing in their first day in this industry. Not knowing the risks, strategies of trading will not turn you into a trader, but you will be a gambler in this case.
That's why doing research before getting into this risky way of making money is more important than being lucky the first days, buying ans selling currencies won't make you a trader either. What you need to do is creating your own strategy for long term, something that will make you profitable in long term.
Rushing into trading will make you lose over and over, untill you get counted as a failure experience. To become a successful trader, you need months and even years of learning, experience and patience.

rhodelmabanal

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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.

Yes we really need to learn it slow and always use an amount that we can afford to loss, if you are a newbie means you are not aware of trading and it's strategy to earn, in short you are still in a learning stage and there's a lot stages to learn before you earn so it really needs slow learning with understanding in every steps you made to avoid lossing.

Adams0001

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Quote from: Maslate on August 14, 2024, 07:57:46 PM

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.

Newbies rush on trading dew to the talk they hear about it because they see many people are cashout and hearing people are talking about the benefits they didn't know is not as easy as they think, they need to learn very well and understand the market first before they start getting profits on it, if you think you will be rushing of trading, I don't think you will know anything about it and you won't see any improvement on your journey because you are just chasing profits. Because if you don't comprehend something, it will be tough to get what you need out of it. Trading is very good for people that as the patience and get enough knowledge on trading will be always be getting profits because he as wait and achieve the skills in need to know about the trading. So is very advisable to learn before forcing your self on profits.

Doan9269

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Not rushing is not a certain means through which we can get it right and win a trade, but we may only apply it as an additional control measure in helping us have a more precise and accurate trading experience, if most of us have it at the back of our mind that trading is all about taking risk and how we are good at dong it, sometimes the experience we have may determine the luck we have when trading, that is why we shouldn't take any slight opportunity for granted in doing trades.

Hamza2424

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Quote from: _act_ on August 14, 2024, 09:33:19 AM

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.

Hmm, that's the point buddy greed leads to destruction, and in the scenario you've mentioned I've seen it with my eye where a person traded a shit coin with a small amount and made some profit and repeated for more profit and by chance he got it than he took a good loan amount from friend and traded to cover the loan and make an extra profit as well but you know what haha I know you know.

Yup that happened what are you thinking and still, he's in the debt.

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Quote from: Abu-Naim on August 24, 2024, 11:54:48 AM

Trading is generally risky and hard to understand, you can win in trading despite you experience and you can as well lose. Although experience matters a lot in trading because your trading skills is very important for you to gain in trading, while those that join trading without learning and understanding the principles behind it are losing money almost all the times the trade.

As a beginner in trading, even if you didn’t rush in trading, you will definitely lose money because when you lose while trying to learn, you gain more experience in trading, and even if you don’t rush, you lose money, there forever it is better you learn through due process and not to rush, take it easy and you will gain when the time come.

at least people who learn and are not in a hurry to succeed in trading have the ability to minimize the risk of greater losses. experience is also important for us to get from direct trading. but trying to get experience without initial learning is the same as throwing away your money. crypto trading is not something as simple as buying cheap and selling expensive. there is a lot to learn and understand. Trading requires preparation and planning and beginners must realize all that. never rush to start your trading for the reason of seeking experience. prepare yourself first before seeking experience.

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

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.

Trading is generally risky and hard to understand, you can win in trading despite you experience and you can as well lose. Although experience matters a lot in trading because your trading skills is very important for you to gain in trading, while those that join trading without learning and understanding the principles behind it are losing money almost all the times the trade.

As a beginner in trading, even if you didn’t rush in trading, you will definitely lose money because when you lose while trying to learn, you gain more experience in trading, and even if you don’t rush, you lose money, there forever it is better you learn through due process and not to rush, take it easy and you will gain when the time come.

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Quote from: AmoreJaz on August 23, 2024, 07:39:52 PM

Quote from: Natalim on August 22, 2024, 04:55:19 PM

My question is, is there really a need to rush in trading wherein you know you will only lose if you aren't sure with how the outcome of your trade goes? I think only those who are fake traders resort doing that, but real and good traders never do such things that will only put their future profits into danger of losing. Trading is highly risky so one should do it with high caution so that future losses will be avoided.

For one, if you are not yet confident with your trading skills - start with the basic such as spot trading, don't ever go to futures as it can easily liquidate your position. Learn the tricks of the trade, be open to what you will read, start small, don't rush.

This is not an overnight task to gain high profits. Only lucky traders can get millions from meme projects. It is not for all.

Being practical and patience some key factors that a traders needs to carry when entering this type of industry, always remember that your win is someone else loses and your loses means someone else earnings, you have to dedicate your time in learning the process, just like what you said start small and learn things according to your personal experienced.

Though there are things that you can adopt from reading or watching those traders who shared their strategy, you can use it by customizing your patterns and see if things will work but never to stop studying and learning it's for the betterment of your decision making.

passwordnow

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Those that have exemplary trading skills and experiences can do this type of trade. They'd mostly go through the futures and they like everything in rush. But it's not for everyone to hurry with trading and that's not the same for each of us. What works for each of us should be considered to be as a good one to capitalize and stay with that type of trading.

It's also the same with holding, we are patient to hold as much as we can and we're profiting from this market without having to worry and hurry. The newbies are the ones that have lesser patience because they think that this market is quicker than what they're expecting. But once they learn how this market is so dangerous for those that have little knowledge and little patience, they're the ones that will be eaten by the bigger traders. Yes, losers makes the winners.

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Quote from: kawetsriyanto on August 22, 2024, 07:53:27 PM

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

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.

Agree. Fundamentally trading is risky, it will even be riskier for new one with lack of knowledge. It is reasonable that newbies or new one in trading probably has higher risk because they don't really understand how to trade in a proper way. Moreover, with the current market condition that tends to be more volatile, the chance to get losses higher. The only way to minimize the chance of losses is to take time for learning. I think it won't take too much time, we should understand the basic things about trading in few days or a week. When we know the basic things, it is okay to start using demo account and may start real trading with small funds. Loses is still possible but it won't be too severe if we use small funds. We can keep learning while trading gradually. It is also the way to gain real experience.

But the irony is, do newbies listen to the advice of experienced people? I find that most newbies are very very arrogant, they always think they are right and ignore all advice from experienced people. That is why there are always losers in the market and day by day, more people lose money than make money.

In my opinion, advice doesn't work for beginners, so I think let them experience it themselves to learn the lesson. Sometimes free things are not appreciated but when they have to pay for them they will appreciate it. When it comes to trading, it means we need more practice than theory, so let the newbies experience it for themselves.

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Quote from: Natalim on August 22, 2024, 04:55:19 PM

My question is, is there really a need to rush in trading wherein you know you will only lose if you aren't sure with how the outcome of your trade goes? I think only those who are fake traders resort doing that, but real and good traders never do such things that will only put their future profits into danger of losing. Trading is highly risky so one should do it with high caution so that future losses will be avoided.

For one, if you are not yet confident with your trading skills - start with the basic such as spot trading, don't ever go to futures as it can easily liquidate your position. Learn the tricks of the trade, be open to what you will read, start small, don't rush.

This is not an overnight task to gain high profits. Only lucky traders can get millions from meme projects. It is not for all.

el kaka22

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Trying to make as much money as possible within crypto isn't always that great idea, you should try to avoid it because rushing in will only make it not that great for you and you are going to end up with something much worse. We need to make sure that things aren't always that great, we need to make sure that all of this is great and we can make a good return.

We are going to see this changing more and more, we are going to see this getting greater results, we just need to remember that anytime this happens we are going to see this changing for a long term thing and could have much better results. If we can make this work eventually then we are going to just do that by holding. So many people keep saying that we should not rush and we should keep holding and yet there are still so many people who keep on trying to rush, which isn't really an ideal situation and for some reason they just want to get rich overnight and think that is possible in the crypto world.

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

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.

Agree. Fundamentally trading is risky, it will even be riskier for new one with lack of knowledge. It is reasonable that newbies or new one in trading probably has higher risk because they don't really understand how to trade in a proper way. Moreover, with the current market condition that tends to be more volatile, the chance to get losses higher. The only way to minimize the chance of losses is to take time for learning. I think it won't take too much time, we should understand the basic things about trading in few days or a week. When we know the basic things, it is okay to start using demo account and may start real trading with small funds. Loses is still possible but it won't be too severe if we use small funds. We can keep learning while trading gradually. It is also the way to gain real experience.

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Quote from: Natalim on August 22, 2024, 04:55:19 PM

My question is, is there really a need to rush in trading wherein you know you will only lose if you aren't sure with how the outcome of your trade goes? I think only those who are fake traders resort doing that, but real and good traders never do such things that will only put their future profits into danger of losing. Trading is highly risky so one should do it with high caution so that future losses will be avoided.

Exactly, there's a need of deep analysis and research for the betterment of the outcome of your trade, there's no need to rush unless you really anticipate or you already setup your desire strategy, but again like what you said it's a risky type of business where you need to be more calm and patience while anticipating your next action, with such attitude your chances to earn is decent while for those who loves to treat things like gambling it's going to be more on luck type of trading and the chance is too small.

Natalim

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My question is, is there really a need to rush in trading wherein you know you will only lose if you aren't sure with how the outcome of your trade goes? I think only those who are fake traders resort doing that, but real and good traders never do such things that will only put their future profits into danger of losing. Trading is highly risky so one should do it with high caution so that future losses will be avoided.

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Quote from: tygeade on August 22, 2024, 01:36:42 PM

Quote from: Farma on August 21, 2024, 03:57:53 AM

When new traders start trading, they must first learn about trading well until they understand it well because without understanding trading well, it will be very unlikely that they will be able to get good results from the trading they do, to be able to get good results, we must be patient with every process that we have to go through and as a beginner, of course, it is very possible to experience failure and this must be fixed in the future so as not to repeat the same mistakes when trading because if we give up when we fail, it will be impossible to achieve success in trading because those who already have good skills are still learning about trading so that they can know the right time to enter the market and can generate profits.

That period where newbies do not know anything and start to learn and trade, is something that takes a long time and because of that we could say that it is not going to be easy at all. We are forced to deal with something that takes so much time and because of that we are not really dealing with a period that's fun, it's a very boring and tedious period and because of that a lot of people give up before they learn it all and end result is not that good for them.

We should consider how we could make some good return by trying to figure out how we can keep learning until we are ready. The downturn of not learning everything is the fact that we do not learn it all and still trade and that results with nothing good for them.

A lot of effort and time is needed for a newbie to close up the gap, but in my opinion, the boons that may come afterward, and the knowledge beneath, is totally worth it 100%.

tygeade

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Quote from: Farma on August 21, 2024, 03:57:53 AM

When new traders start trading, they must first learn about trading well until they understand it well because without understanding trading well, it will be very unlikely that they will be able to get good results from the trading they do, to be able to get good results, we must be patient with every process that we have to go through and as a beginner, of course, it is very possible to experience failure and this must be fixed in the future so as not to repeat the same mistakes when trading because if we give up when we fail, it will be impossible to achieve success in trading because those who already have good skills are still learning about trading so that they can know the right time to enter the market and can generate profits.

That period where newbies do not know anything and start to learn and trade, is something that takes a long time and because of that we could say that it is not going to be easy at all. We are forced to deal with something that takes so much time and because of that we are not really dealing with a period that's fun, it's a very boring and tedious period and because of that a lot of people give up before they learn it all and end result is not that good for them.

We should consider how we could make some good return by trying to figure out how we can keep learning until we are ready. The downturn of not learning everything is the fact that we do not learn it all and still trade and that results with nothing good for them.

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Quote from: Questat on August 21, 2024, 05:59:13 PM

Newbies sometimes just want to explore so it's not surprising why most of them end up with wrong decisions. And I think with wrong decisions that lead them into losses, that's just normal for them but they should bear in mind to learn their lesson and not to do the same mistakes again.

It's all due to a lack of knowledge among newbie traders. They don't need to lose money and learn it the hard way, there are enough resources available online these days that they can utilize to learn about trading practices that are suitable for them and if they gain some knowledge, they will come to know about dos and don'ts of the market before they get started with their journey.

Quote from: Questat on August 21, 2024, 05:59:13 PM

Newbies are more impatient and aggressive when it comes to trading for profits. What they don't know is that trading won't assure guaranteed profits but sometimes it could also lead to inevitable losses. So at least with their first hand experience, they will start to discover that trading is certainly risky and they shouldn't be trading if they are still incapable and not knowledgeable enough to trade.

Doing something without knowing much about it can surely be harmful in some way. Similarly, when someone gets into trading without even knowing how it's done and what are the necessary things for them to know, they are going to incur losses, it's the natural phenomenon of the world. So, newbies need to understand the very basic rule of doing something which is to get knowledgeable about it first.

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Quote from: Coyster on August 14, 2024, 06:30:10 PM

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.

Everybody should start with something, but only with the money they are willing to spend, that's true.

Topic: Don't rush you will still win - page 4. (Read 1316 times)