Don't trade if you're inexperience rather stake your coins. - page 3.

Rosilito

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Wish for the rain? Then deal with the mud too.

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

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Does it mean inexperience traders aren't born to trade?.

Ofcourse, not. Tell you what, no one became that good in trading without making a mistake. Besides, trading isn't a risk free venture though, it was and would always been entagled with risk, even those experienced individuals tend to commit such mistake Tongue

. So, don't expect that you'll be to avoid one. And who knows? You might achieve amazing feat here, if you'll just set your mind into it.

vSliceDev

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Staking altcoins is mostly a bad idea too. Staking is what, mostly at like more or less 6% APY? Sure, it sounds attractive enough in paper(compared to like more or less 1.5% APY through banks), but you also need to take into consideration the price of that certain altcoin. You gained 6% in a year, congrats, but if that certain altcoin dropped 10%(I'm being conservative here) in price in the same year, then you end up losing anyway. Picking an altcoin that actually increases in price in a year is easier said than done.

Janation

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We all started to be inexperienced.

But that doesn't mean that they can't trade. They can start small and make it bigger as they go or as they feel the changes in the market. Trading is not something that could give you a profit through time so if you ever feel a loss, or maybe lost to what you are doing it is not wrong to ask for help. Mistakes and losses are inevitable, hence look at it as a lesson not a reason to stop.

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Not all the time we think we have a good path of making trade sometimes it's better to take a break. There are a lot of people already born to make a trade which is a good thing you are, and there are some people who does not have knowledge and skills in trading but still they are pursuing their wants because there is a chance this may help them. In trading, it needs to have a lot of knowledge and also an experience if you are just a beginner into trading its just normal because you are just exploring right now. By time and time you will discover new knowledge and you will adopt and acquire this to your personal experience of trading. All you need is to push your self and don't hesitate to take a risk. But don't forge to take care and don't becomes too much greedy.

Quote from: Salauddin1994 on September 24, 2020, 02:43:05 AM

There are risks involved in doing business it is not possible to do business without risk there are many traders who do not know about the market in which case they lose a lot of money. Therefore for those who have less business skills and inexperience it is better to do long-term business without risking the coins the risk here is low and investing in bitcoin currency does not require skill.

Risk is just part of the life it depends on you how you will handle and those who people can handle this kind of risk are the more higher chance to win their paths.

Salauddin1994

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There are risks involved in doing business it is not possible to do business without risk there are many traders who do not know about the market in which case they lose a lot of money. Therefore for those who have less business skills and inexperience it is better to do long-term business without risking the coins the risk here is low and investing in bitcoin currency does not require skill.

Oilacris

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Quote from: Fredomago on September 23, 2020, 01:11:09 PM

Quote from: Shasha80 on September 21, 2020, 06:34:47 PM

Quote from: electronicash on September 21, 2020, 05:00:08 PM

why don't you learn how to read the charts first after all if you consider trading to be your holy grail, its best to learn it. its kind of a tool for you otherwise you stick to staking pools and earn from it.

a graphic artist wouldn't become an graphic art maker if they didn't learn the graphic software to use and its the same with a trader. you learn it all and you can trade after.

I agree with you, if indeed we don't understand trading and are also inexperienced. It's not that we can't trade, but we must first
learn about trading. Because even professional traders start from not understanding anything, but they want to learn and practice
trading. That's why they become professional traders.

Practice and take your time is the better tool before you start your participation to this business. You have to make sure that you are both ready, not just with capital but also with your mental capabilities. trading without proper understanding will end you up messing with your investment, most of those successful traders begins with realizing the proper ways of this ventures, though sometime they also loses money but with good mindsets they are capable of making it up and bounced back much better.

Not only on mental capabilities but also in emotional as well yet this is always been tied along when you do go into these kind of ventures or investments.Making yourself ready is the best shot for you to sustain yourself into this unpredictable market.

Lots of factors needed to be focused and should be handled well so that you would really be prepared on what are the instances or circumstances that you might able to experience ahead.If you do saw that its a beneficial ones for you then stick to it.Just dont treat those loses as the end of the world yet these things are inevitable ones.

Quote from: nelson4lov on September 23, 2020, 05:26:00 PM

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

No. It doesn't. Like every other profession, trading is a skill to be learnt and it's one where you learn from textbook, your experience, other people's experience and also your intuitive. It also takes time and patience to start getting consistent results. The difference between more experienced traders and those who aren't is the fact that they've seen it all in the market ~ flashes crashes, epic pumps, ranges etc. You just have to consistently practice and keep practicing. If it doesn't go as planned, you go back to the drawing board and figure out what you did wrong and the next steps to recovery.

It takes time and do really require lots of effort and when it comes to trial and errors then this one would have lots before making yourself to be a better trader.The wrong thing here is that majority of people do really

tend to rush things up on where they do believe that this one is a very easy one to handle but sooner or later theyll realize that those perceptions are definitely wrong and thats the time they would changed up their mindset and goals.

Staking rather than trading? Its an option but wont really be that much ideal if we compare the profits made by trading and the profits made by staking.

nelson4lov

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Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

No. It doesn't. Like every other profession, trading is a skill to be learnt and it's one where you learn from textbook, your experience, other people's experience and also your intuitive. It also takes time and patience to start getting consistent results. The difference between more experienced traders and those who aren't is the fact that they've seen it all in the market ~ flashes crashes, epic pumps, ranges etc. You just have to consistently practice and keep practicing. If it doesn't go as planned, you go back to the drawing board and figure out what you did wrong and the next steps to recovery.

Talking about staking, it's only profitable if the price of the tokens being staked are stable or going higher. Else you'll be right back where you started, in losses.

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Quote from: Shasha80 on September 21, 2020, 06:34:47 PM

Quote from: electronicash on September 21, 2020, 05:00:08 PM

why don't you learn how to read the charts first after all if you consider trading to be your holy grail, its best to learn it. its kind of a tool for you otherwise you stick to staking pools and earn from it.

a graphic artist wouldn't become an graphic art maker if they didn't learn the graphic software to use and its the same with a trader. you learn it all and you can trade after.

I agree with you, if indeed we don't understand trading and are also inexperienced. It's not that we can't trade, but we must first
learn about trading. Because even professional traders start from not understanding anything, but they want to learn and practice
trading. That's why they become professional traders.

Practice and take your time is the better tool before you start your participation to this business. You have to make sure that you are both ready, not just with capital but also with your mental capabilities. trading without proper understanding will end you up messing with your investment, most of those successful traders begins with realizing the proper ways of this ventures, though sometime they also loses money but with good mindsets they are capable of making it up and bounced back much better.

MWesterweele

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Quote from: michellee on September 22, 2020, 03:09:49 AM

Quote from: Gozie51 on September 22, 2020, 12:45:01 AM

Quote from: Becky666 on September 17, 2020, 01:40:14 AM

Quote from: joniboini on September 16, 2020, 04:40:49 PM

Staking is a good idea, but only if you choose the right coin to stake. Some coins use inflationary model where 80% of their supply is released every year or so which makes your coins less and less valuable.

This should be far better for inexperience traders than getting into trade and ruin one own investment within a short period of time. Staking some good altcoins should be the right choice of every inexperience trader while learning the 'rough' game called trade.
Is it not better to get little from staking than risk whole funds in trade?, sincerely, to me is better. Thanks @jackg, like your insight.

Trading is not what is done in rush because you can rush out immediately too by emptying your account. It is a rope that should be climped gently until a good height is attained. There are so many things that can be learn in trade than in staking.
You have to learn money management, your emotion need to be in order and a whole lot of things including technical approach and news reading.

Learning trading itself will be the way that you must know if you want to trade better. You can not expect to master the trading skills in a short time because it needs time to study more about trading. But if you can have skills in trading, you will be able to make a profit. Don't just follow other people's analysis, but you should analyze yourself to find your entry buy and sell. Trading is not as simple and easy as you think because it needs the effort to learn, practice, and how we can find the right time to trade.

We can learn just by reading or educating ourself about the stake of a coins you have but learning from your experience was exceptional. For me if you have a strong guts and not afraid to take risks why not to try right. But if you are limited not only in a coins or token but also limited your knowledge on how to play that game well better practice yourself by reading past experience of our co members here in forum.

AnwarDah

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Surely if you are not experienced, you shouldn't risk what you have! But I highly recommend that you stake. Personally, I stake PROB and the benefits that I get in return are unbelievable!! My trading fees are lowered to 0.03%! and I can pay the trading fees using PROB. You should. try it and see with yourself the benefits I'm talking about!

carlfebz2

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Quote from: posi on September 22, 2020, 07:32:11 AM

Quote from: BIN-BIN on September 19, 2020, 03:13:51 AM

Quote from: Arcas on September 18, 2020, 11:33:36 AM

I don't suggest newbies to follow your advice. all expert traders was once a newbie and have made a lot and regretful decision also by making mistakes they can learn through it staking is another part it's for users who wanted a passive income since you're just going to stake it unlike trading you will be able to analyze and build up your skills.

All we can suggest to the newbie is don't trade if you are afraid to lose your money and learn to take risk in order to earn.

You are right an expert was once a learner and there is always a price to pay for every experience one intend to gain in life, i dive into trading recently and at first i made some profits and i saw a signal on one of the altcoin i decided to trade the coin and the moment i bought the coin it started diving down until i lose the profits i made from my previous trades. One thing i have learned is that trading is all about strategy so once you master it you are OK.

Actually, the OP advise was an expensive one which should be put into action despite the fact that every crypto trader expert started from lost to profit but all this happened because they don't took their time to learn all the required characteristics which also what I believe Bin-Bin experienced.
Nevertheless, I will advise inexperienced trader to join the stake and long term investment in BTC/ETH while they learn the basic level of crypto trading.

For people doesnt always have the capacity when it comes on staking up coins which is usually can be found on alts yet simply holding doesnt really describe staking but rather only gaining profits due to volatility.
We know on how staking works and cant really be just assumed to be the same with just simply holding.

Even on staking im not really that fan of much so im really risking out on making active trades.Its more risky but it is more worth for long term if you do able to take some grasp of it.

We are always start on being inexperienced thats why we do need to try so that we would able to gain experience and skills.Discover things while you do learn at the same time.

Emitdama

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There is this level where they are no longer newbies but they are not expert traders because of this advice as well, what should they do at that point? Let's assume this is my first day in crypto, I got in and bought a coin that I can stake and I learned how to stake with VPS so that I can close my PC and would still stake 7/24 and all of that are fine, what am I suppose to do after that?

I can't just let it be like that forever because eventually I will want to trade but so far I have only done staking and did nothing else, where and how did I learned about trading? If I start trading I will once again be newbie at that as well and I wouldn't be good at it. So, there needs to be transition period that I will have to do in order to make a profit in trading world.

posi

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Quote from: BIN-BIN on September 19, 2020, 03:13:51 AM

Quote from: Arcas on September 18, 2020, 11:33:36 AM

I don't suggest newbies to follow your advice. all expert traders was once a newbie and have made a lot and regretful decision also by making mistakes they can learn through it staking is another part it's for users who wanted a passive income since you're just going to stake it unlike trading you will be able to analyze and build up your skills.

All we can suggest to the newbie is don't trade if you are afraid to lose your money and learn to take risk in order to earn.

You are right an expert was once a learner and there is always a price to pay for every experience one intend to gain in life, i dive into trading recently and at first i made some profits and i saw a signal on one of the altcoin i decided to trade the coin and the moment i bought the coin it started diving down until i lose the profits i made from my previous trades. One thing i have learned is that trading is all about strategy so once you master it you are OK.

Actually, the OP advise was an expensive one which should be put into action despite the fact that every crypto trader expert started from lost to profit but all this happened because they don't took their time to learn all the required characteristics which also what I believe Bin-Bin experienced.
Nevertheless, I will advise inexperienced trader to join the stake and long term investment in BTC/ETH while they learn the basic level of crypto trading.

michellee

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Quote from: Gozie51 on September 22, 2020, 12:45:01 AM

Quote from: Becky666 on September 17, 2020, 01:40:14 AM

Quote from: joniboini on September 16, 2020, 04:40:49 PM

Staking is a good idea, but only if you choose the right coin to stake. Some coins use inflationary model where 80% of their supply is released every year or so which makes your coins less and less valuable.

This should be far better for inexperience traders than getting into trade and ruin one own investment within a short period of time. Staking some good altcoins should be the right choice of every inexperience trader while learning the 'rough' game called trade.
Is it not better to get little from staking than risk whole funds in trade?, sincerely, to me is better. Thanks @jackg, like your insight.

Trading is not what is done in rush because you can rush out immediately too by emptying your account. It is a rope that should be climped gently until a good height is attained. There are so many things that can be learn in trade than in staking.
You have to learn money management, your emotion need to be in order and a whole lot of things including technical approach and news reading.

Learning trading itself will be the way that you must know if you want to trade better. You can not expect to master the trading skills in a short time because it needs time to study more about trading. But if you can have skills in trading, you will be able to make a profit. Don't just follow other people's analysis, but you should analyze yourself to find your entry buy and sell. Trading is not as simple and easy as you think because it needs the effort to learn, practice, and how we can find the right time to trade.

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Quote from: Becky666 on September 17, 2020, 01:40:14 AM

Quote from: joniboini on September 16, 2020, 04:40:49 PM

Staking is a good idea, but only if you choose the right coin to stake. Some coins use inflationary model where 80% of their supply is released every year or so which makes your coins less and less valuable.

This should be far better for inexperience traders than getting into trade and ruin one own investment within a short period of time. Staking some good altcoins should be the right choice of every inexperience trader while learning the 'rough' game called trade.
Is it not better to get little from staking than risk whole funds in trade?, sincerely, to me is better. Thanks @jackg, like your insight.

Trading is not what is done in rush because you can rush out immediately too by emptying your account. It is a rope that should be climped gently until a good height is attained. There are so many things that can be learn in trade than in staking.
You have to learn money management, your emotion need to be in order and a whole lot of things including technical approach and news reading.

RealMalatesta

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Quote from: Krislaw on September 19, 2020, 01:54:15 PM

Everybody always start being inexperience in a certain field, and that's true it's hard to trade while lacking experience, knowledge and the skills that is required but it's a time and money consuming thing but even the "professional traders" commit mistakes and errors, i don't suggest to start trading right away maybe try to learn more, I've tried trading while being inexperienced and loss 50% of my profit right away, but it's okay to commit mistake because sometimes you need to learn from those mistakes.

If you are inexperienced, staking is not the way to go directly because it is still "trading" in a sense that you are getting some crypto. If you are newbie and you want to get better and make more money, you should first study, that should be the first thing you do.

If you study how traders trade and why they buy and why they sell and find good traders that make profit (now there is copy trading allowing you to check other traders movements) you will eventually figure out how to make the most profit, that will allow you to become a good trader. You are not going to be exactly the same as traders you copy but you will be different but still took that logic from them as well. Pick the best from each trader you follow and you will be fine plus read and watch trading related stuff as well to learn more about it.

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Quote from: electronicash on September 21, 2020, 05:00:08 PM

why don't you learn how to read the charts first after all if you consider trading to be your holy grail, its best to learn it. its kind of a tool for you otherwise you stick to staking pools and earn from it.

a graphic artist wouldn't become an graphic art maker if they didn't learn the graphic software to use and its the same with a trader. you learn it all and you can trade after.

I agree with you, if indeed we don't understand trading and are also inexperienced. It's not that we can't trade, but we must first
learn about trading. Because even professional traders start from not understanding anything, but they want to learn and practice
trading. That's why they become professional traders.

electronicash

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why don't you learn how to read the charts first after all if you consider trading to be your holy grail, its best to learn it. its kind of a tool for you otherwise you stick to staking pools and earn from it.

a graphic artist wouldn't become an graphic art maker if they didn't learn the graphic software to use and its the same with a trader. you learn it all and you can trade after.

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Quote from: wxa7115 on September 17, 2020, 12:02:07 PM

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Trading cryptocurrencies isn't meant for everyone dude, to me, trading looks like charming stuff but most dangerous to inexperience traders. Recently, I saw a potential signal on Binance with CHR but was disappointed after my order as the altcoin get dipper. I regretted my actions as staking altcoins would have brought me good rewards. Don't trade dudes let start staking our little altcoin stash. Despite our efforts to ensure we make some progress, the industry doesn't give us a chance. As an inexperience trader before now, how do metamorphosed to become experience in trade?.

Does it mean inexperience traders aren't born to trade?.

Trading is not an ability anyone has within them you need to learn it, however there are several factors that could indicate if trading is for you, the first one is if you can take losses and accept them without going crazy, just look at any sport or competition and look at their participants you will see many go crazy when they lose and such people will never be good traders as they will forget whatever strategy they had and revenge trade immediately after a loss.

Another aspect is your patience, even with a good system you are going to lose several times in a row and if you do not have patience this is going to begin to bother you and you will make a mistake that will be impossible for you to repair if it is big enough.

Patience and controlling your emotions is definitely a must have virtue in trading. Most of the successful traders have mastered this. It prevents them from Fear of missing out and from emotional trading. Been watching some trading tutorials in youtube and they always say that this 2 is important to become a great trader.

Becky666

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Quote from: Lordrift on September 20, 2020, 09:39:52 PM

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

Inexperienced traders can always learn how to trade by surfing the web on guidelines on trading or I'll also suggest you look out for free signals posted https://bitcointalksearch.org/topic/m.54980714 and follow them up to help improve your trading

Well, since many have kicked against using others signal I have taken the precaution of abiding in my signal. As many forum members had said, learning is for the inexperience trader which I belong, so, I have started another learning process towards my trading career. Please you can save yourself from huge loss when you abide with your TA and signal derived, thanks for your suggestion.

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