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. 
Topic: Don't rush you will still win - page 6. (Read 2264 times)
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.
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. 
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.
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.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.
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.
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.
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.
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.
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.
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.
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.
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.
The ability of a person to understand something is different, some of them understand quickly and some of them need more time to be able to understand something. In trading, everything is not easy, because we need to learn many things, be it about trading itself, the market, mentality and others. Like it or not, we have to learn and go through that process.
Everyone can trade, but not everyone can be successful in trading. Not only knowledge that we must master but we must also have capital, which we must prepare well, so that when we lose it will not be a problem for our lives.
The amount of people who would prefer to do something that is amazing, it's really not that simple to just avoid all of this, you have to realize that it's the main part. Many people just want to start trading on day one, and because of that they end up losing a lot of money, they should know better but they don't because nobody told them not to start, every influencer kept pressuring them into making decisions and buying stuff that they suggest.Everyone can trade, but not everyone can be successful in trading. Not only knowledge that we must master but we must also have capital, which we must prepare well, so that when we lose it will not be a problem for our lives.
Most of those influencers get paid by the projects to suggest the tokens, and you lose money while they make as much as they can. That is why I feel like we should probably consider that as the most important part of this, it's the clear winner in this case without a doubt.
Quote from: Distinctin
You know everyone that end up rushing into something does not end being profitable but only lose the chances and mess up with the funds, most especially if you aren't good and reliable enough on that certain thing. Just like in trading where being patient is the most crucial thing, you don't have to rush just to secure bigger profits but wait for the right set-up or perfect timing to trade, otherwise you will only be motivated by your greed and with your high emotions on it, it will certainly do nothing but will only increase the chances of losing your trades and thus losing your capital as well.
Yes, I agree with you for that because I experienced it when I newly started trading, because I thought rushing to trade in the market make someone to gain more income from trading without considering the market situation and it made me to lose more funds before I learned from my mistakes. When you are patient in your trading, it create more opportunity for you to win in your trading, because there are some season you will trade your coins in the market it will increase your income, which is bullish season and many traders like to make use of bullish season to trade their coins. If you can control your emotions in trading, it make other traders to believe that you are good in trading, because emotions has made many newbies to rush to trade their coins during the bearish season.
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.
Nah no need. The way the last 5 pages of replies are, the way supposed 'traders' approach everything. From mindset, from expectation and from just the way they talk its very clear they treat trading exactly as a gambler treats the casino with 'strategy'.
No need to waste time on demo it will not give them the same rush they don't realize they are craving. Go lose money rightaway from day 1, the faster they learn, the faster they get back to real life and quit trading.
At least honest gamblers know they will most probably lose the money but they will have fun. Trader gamblers become addicted and don't even get enjoyment.
Every new trader in crypto hopes they want to make a profit faster, which is the exact reason they lose. Things that act hastily in trading can have fatal consequences for losing all existing assets, beginners also mostly rely on trends when trading without thinking twice and want to observe a coin being traded, the most important thing in trading crypto is not to be too hasty because the price at any time is very high. Active fluctuations do not match our predictions.
When someone understands that by trading they can easily make a profit, of course this is a misunderstanding of them in understanding trading, of course they must first study well so that they understand well before they can trade and make a profit because it is very unlikely that someone who is just trying it will easily get profit on the trading they do.Doing trading in a hurry of course makes someone unable to make the right decisions on the trading they do and of course this will make them fail and there are many things they have to do such as analyzing first before deciding to enter the market to trade, because without doing analysis of course it will be difficult for them to make a profit.
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.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.
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.
You think a doctor of cardiovascular surgeon is capable of also make a good decision about accounting? Not commonly, maybe rarely those two can overlap but not really, or some musician, who rivals mozarts, could also be a great tech who can fix your broken pc? I do not think so.
Not everyone understands every subject, and some people could fail at trading because it is not their field and they do not get it, doesn't mean they are stupid, it just means they do not get it. Some people were not made to trade, I feel like I am one of those people, while I am not doing too bad recently, I can say that it took me near a decade to be just ok, by this time many of my friends got rich quicker than me.
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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.
A big mistake. That's a big mistake. Beginners rushing to trade in futures instead of going to try spot trading first is a big mistake.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.
I believe the main reason why some beginners are opting to start trade in futures is because of the profits that they can get when they trade on it. They got attracted by it that they already forgot the possible risks that they may face and knowing that they're beginners, the chances of them losing money in trading is almost close to 100%.
Well, most of the newbies always lose their first deposit so I guess they're doing just for the experience and after that, they will decide whether they will continue doing it or they will just focus on spot trading. Nevertheless, watching video from YouTube can still help, but I would say that experience when it comes to trading would be the best teacher.
You know everyone that end up rushing into something does not end being profitable but only lose the chances and mess up with the funds, most especially if you aren't good and reliable enough on that certain thing. Just like in trading where being patient is the most crucial thing, you don't have to rush just to secure bigger profits but wait for the right set-up or perfect timing to trade, otherwise you will only be motivated by your greed and with your high emotions on it, it will certainly do nothing but will only increase the chances of losing your trades and thus losing your capital as well.
Most newbie traders make the mistake of overdoing it out of greed. If they earn $3 a day with a $50 capital, they think it's not enough and they want to earn more, which is not bad for a beginner. So what they do is they start increasing the number of trades they usually make. If they were making 5 posts a day before, they start making 10 now only to maximize the profits they were getting before.
They don't realize that they are making a mistake by increasing the number of trades when they don't even know the market very well. Eventually, they end up losing their capital because of trying to make more trades while doing minimum research.
So it's a mistake, trying to earn more when you are not ready for that. Be grateful for what you are getting based on your level of knowledge and experience.
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.
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