Topic: How did you overcome the hurdles and gain confidence to trade as a Newbie? - page 5. (Read 888 times)
November 16, 2023, 01:21:10 PM
Is not easy to overcome the hurdles associated with trading as Newbie ,One can only gain confidence with time cause you will get used to all the losses ,the wins and the emotions associated with trading .Tips and advice from advanced traders can help a lot but actually it is only the market that can shape you become a better trader with time .
November 16, 2023, 01:19:03 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
If someone is just starting to learn about cryptocurrency, I wouldn't recommend them to begin trading right away. This is because their understanding of cryptocurrency might be limited, and it's important for them to have a good grasp of the subject before making trading decisions. Without sufficient knowledge and some trading skills, it can be challenging for a person to succeed in the trading business.
The key to building confidence for newcomers is to acquire extensive knowledge, especially in the trading aspect of cryptocurrency. However, gaining this knowledge takes time and effort, and beginners need to invest in learning various aspects of the cryptocurrency industry to make informed decisions.
November 16, 2023, 10:24:06 AM
Some confidence are stupidity. One of the stupidity is to gamble with coins and thinking that you are trading but instead you are a gambler. Another is to use a high leverage that will make you to continue to lose. Another one is when you are not using the amount of money that you can afford to lose. It is better not to have confidence and not trade if not following the trading rules.
If someone is trading blindly and have no experience and knowledge about a profitable coins then actually he select random coins and think that their luck will help them as a result of which neither their luck can help them nor they find any information regarding success from their experience. Such type of trading is termed as gambling due to which numerous individuals says that gambling and trading are alike which is their big mistake.
People dream to have more profit therefore they use more money as they have heard that larger amount gives larger profit and smaller amount gives little profit so they put large sum and suddenly the market turn its position and all their dream become untrue. Trading is not easy but it is also not so difficult that one cannot do it therefore if you follow a regulations of market then their will be big reward for you in near future.
November 16, 2023, 08:26:17 AM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Through discipline. Nothing in the trading world is perfect, thus youll end up at some point or most of the time lose your trade but dont be sad or discourage cause its part of learning process and experience. There are bunch of traders loses a lot of funds even before they can regain or profit big in this scary world of crypto. Its either you learn for the better or end up being greedy or grudge on the market resulting to pressure trading that kepts losing until regain portfolio back. Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
November 16, 2023, 08:15:18 AM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
There's nothing good in this life that ever comes easy, we have to render our best sacrifice our efforts in making achievement of success, starting to learn about trading could be as demanding as anything, our time, money and interlect were all required to be used in the pursuit of this and when we are independent on our own, after having the experience needed, we tend to forget all the process through which we started from and embark on another phase of being a trader fully, we will make mistakes but must learn from them and move on, till we arrived at the desired destination we are going to.
November 16, 2023, 05:21:17 AM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
~
~
Committing to new things gives different emotions and excitement but again this is not all about luck and prediction with the market only, you just need to give and consider your knowledge and commitment here because there's money involved unless you are a person who does not care too much for the money and just willingly to loss it and could be a charge to experience, but if not trading already have a risk the only way to lessen this is to make yourself knowledgeable and aware with the market movement through using TA and indicators by this you can lessen the risk to lose an asset. Don't trade if you doubt and don't trade if you are not well, emotions can lead to mistakes and wrong decision-making.
November 16, 2023, 03:47:42 AM
Confidence is necessary for a trader, of course, because trading is not for weak-hearted traders who could easily hold back or back down if they see their trade falling down. As a trader who experienced being scared and nervous when I was a newbie in trading, I know that feeling. You will close your trade right away if you see that it is falling down, which is too risky and not appropriate. But what I have learned is that if you invest in knowledge and gain experience, confidence comes because, with knowledge and experience, you will be confident in your trades and will not wait for the expected point of profit.
because newbie traders will rely on the little knowledge they have and hope that their trade will profit, and from that experience, they will build their confidence to trade more and have more belief in their decisions. Confidence is something you've gained and built from your experience, so don't be afraid to take the risk.
because newbie traders will rely on the little knowledge they have and hope that their trade will profit, and from that experience, they will build their confidence to trade more and have more belief in their decisions. Confidence is something you've gained and built from your experience, so don't be afraid to take the risk.
November 15, 2023, 10:39:13 PM
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Self-confidence can be devastating, especially for newbie traders, because crypto trading is not something that can be conquered just by being confident. Many things happen that are unexpected, even when many predict prices will rise, the opposite happens because suddenly an issue arises that creates market panic and in the end, you will only suffer because you entered the trade with confidence, not with trading skills.
November 15, 2023, 09:12:44 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
-Trade on small amountsTodays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
-Try to build up your confidence
-Try to enhance your skills
-Try to enhance your emotional aspects
-Try to enhance your mindset
- Risk management
- Fund management
- Realistic goals/plans
- Dont easily be fomo'ed or get affected by FUD
Overtime, you would really be able to notice that you are already that doing well towards your trading. You would really be able to
notice when you do see that you are really that making some progress and making yourself wary about on how the market works and behaves.
Just like been said that you shouldn't really be rushing up yourself on learning and trying to make money because with this kind of behavior
You are really just that basically be putting yourself on great trouble. It is really just that a matter of time that you would be able to see
on how far you have become in terms of trading. Just go with those basics and keeps repeating until you do master and familiarize it out.
November 15, 2023, 08:07:00 PM
When you're just starting out in crypto trade, getting past those early challenges is all part of the journey. For me, lots of coffee-fueled late nights googling stuff, some funny videos to chill me out when needed and just accepting that Bitcoin has its grumpy days like anyone else - that's what got me through. My advice is to take small steps, keep learning from every up and down, and don't freak if the market throws a tantrum now and then.
Everything is hard in the beginning. And trading is not an exception. Despite of how profitable and can be a get quick rich tool based from other traders experiences, the fact remains that trading is hard and will always be hard especially if you are not well aware of its risk and is not patient enough to understand the market volatility. And the only way to overcome it is to accept the challenge in trading, not actually to be a good and profitable trader, but just even to minimize your losses in trading since its the most important thing. As long as you follow the rules in trading, and just trade what you can afford to lose, your trades will be safe.At the end of the day, what matters most is not actually the profits we are trying to accumulate, but the knowledge and skills that we have acquired by not easily giving up from the hurdles brought by trading.
do remember that no one in this market or any other market is already an expert when he comes in. everyone starts from scratch and they will just hone their skills thru time by acquiring knowledge, info, strategies, tips and tricks along the way. if you are not very sure about your step, then, use spare funds so you won't feel so bad if you lose it. also, being disappointed from time to time may not be avoided but one should not quit if it seems the world is against him. after overcoming such obstacles, will give you better insights why you experienced such situation.
November 15, 2023, 06:31:13 PM
When you're just starting out in crypto trade, getting past those early challenges is all part of the journey. For me, lots of coffee-fueled late nights googling stuff, some funny videos to chill me out when needed and just accepting that Bitcoin has its grumpy days like anyone else - that's what got me through. My advice is to take small steps, keep learning from every up and down, and don't freak if the market throws a tantrum now and then.
Everything is hard in the beginning. And trading is not an exception. Despite of how profitable and can be a get quick rich tool based from other traders experiences, the fact remains that trading is hard and will always be hard especially if you are not well aware of its risk and is not patient enough to understand the market volatility. And the only way to overcome it is to accept the challenge in trading, not actually to be a good and profitable trader, but just even to minimize your losses in trading since its the most important thing. As long as you follow the rules in trading, and just trade what you can afford to lose, your trades will be safe.At the end of the day, what matters most is not actually the profits we are trying to accumulate, but the knowledge and skills that we have acquired by not easily giving up from the hurdles brought by trading.
November 15, 2023, 06:10:13 PM
~
I didn't! Rather, I realized how dumb I was as a trader due to the many dumb decisions I've made when shorting Bitcoin pre-pandemic. This led me to a slow realization that I should probably stop and find some method/way that doesn't involve reading charts and whatnot that often or needing the idea that I need to know whether I've profited, no matter how small, at every idk, hour or two. So I went ahead and started to do DCA instead. It was long-term and didn't need me to mind, and even if I did, I didn't need to buy/sell at a loss (which was what happened most of the time I was shorting) since I could just wait. Idrk how much profit I've made but I'm pretty sure it's still a plus. I've sold once only, last ATH, and I've started buying again at around 20k after that.
So I guess just realizing how dumb you are, and playing around that to still be able to trade can be a form of confidence.
November 15, 2023, 05:57:06 PM
I don't know how so much fear can be reflected in something that requires a popular phrase and that I mention without commercial allusion "just do it."
Just like many other skills is requires practice until confidence is built up to a strong extent that's you are now willing to try a bigger challenge. It is like learning to drive, and then driving in a small street successfully, there will be the confidence to try driving on a much busier road or highway. If you see other newbies in trading starting to trade, you will be motivated to join and follow them to start trading. That is one good thing about forming a group with people who have the same target as you do, you will be able to motivate yourselves to do better. A newbie trader in a group with other traders will be motivated to keep up with the pace and confidence of other trader in the group with, he will be affected by the confidence of the group. 
November 15, 2023, 04:38:55 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
It was exciting really but after experiencing losses at the very first try, you'd start thinking if I would continue this or not --doubts just then arrive. Confidence couldn't be made instantly, in fact, I only got it almost a year after trading when I felt like I was already familiar with the market movement and had a lot of experience. Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
We can never be confident as a newbie, we have a lot of things that we encounter as we continue our trading journey and this will teach us to build confidence.
November 15, 2023, 04:15:36 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
The truth it's hard to establish confidence when you are trading as a newbie. Yes, the market may seem more attractive and promising to you but wait until you experience your initial losses consistently, you can really say that trading is never easy as it is. But we all know that these mistakes and losses have really build our confidence and skills as we continue to trade until we start improving our trading performance.Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Everyone that trade as a newbie started from a scratch. But the challenge is how you will sustain yourself in trading despite of how it can turn you broke every time you end up trading with a loss. But as they say, winner never quits. Probably that was my stand in trading that made me reveal who I am today in trading.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
November 15, 2023, 04:15:11 PM
Well, it's just a matter of the decision that which is taken by the trader, because normally during the early stage, when one just starts trading, everything looks very strange, and you just have to be determined to learn and go through the losses that you will experience along the way. Some people will start trading and lose interest because of the losses they will keep experiencing, but the ability and zeal to keep trying and learn how to develop new strategy that will help you reduce your level of loss is what can make you win. When I started trading, I experienced losses, but I just kept trying until I began to experience more profit than I was losing when I started initially.
November 15, 2023, 03:59:49 PM
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
November 15, 2023, 03:43:09 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
It's not easy for me to feel confident in my decision to trade Bitcoin, I got it after I joined a trading group, where in the group, each member provides support for each other, the support of fellow members is very important to increase self-confidence. when deciding to trade, you can also try joining a trusted trading group or making friends with a bitcoin trader who is quite experienced, because people usually have to see evidence first before they can believe it.
November 15, 2023, 03:33:36 PM
The key to gained confidence in in not being afraid to try again after a recent failure has been encountered. The worst is to not try at all for fear of failure or not having the right knowledge and never growing in experience nor skill.
The skill to trade is the confidence a trader needs to become a pro or merchant trader. Once the interest to learn how to do so is met with the action and determination to learn more and be very practical about it, the funds that one looses during the practice stages always is worth the effort to even try in the first place. This is how the hurdles or challenges encountered by a newbie trader is summounted and confidence is gained.
The skill to trade is the confidence a trader needs to become a pro or merchant trader. Once the interest to learn how to do so is met with the action and determination to learn more and be very practical about it, the funds that one looses during the practice stages always is worth the effort to even try in the first place. This is how the hurdles or challenges encountered by a newbie trader is summounted and confidence is gained.
November 15, 2023, 02:49:28 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
One of the hurdle that few people overcome is by stopping thinking they are newbies in the system. By the time.yiu always treat trading like that, you will always have uncertainty about any trade that you open. That's tye first one, secondly don't copy trade of others to think that something good will come out of it. I'm sorry to say that, nothing goods comes easy if you learn to trade and be serious about it, you will last long in trading.
Others that improve my confidence in trading are:
- Never trade more than you can afford to lose.
- Make sure to understand trading and stop doing swing trading, you will only incur losses than profit.
- Make sure to be mentally discipline else you will be control by emotions over little mistake in trading.
- Avoid signal groups, you might leave your style of trading and focus on that more. If you searching for a way to be professional in gambling, you have to avoid such type of groups.
This might not be the perfect response but if a trader constitute the above, they don't last long in trading, what they do most of the time is gambling is very a bad practice.
Jump to: