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Topic: How did you overcome the hurdles and gain confidence to trade as a Newbie? - page 7. (Read 910 times)

hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
The simple answer is "Don't get too excited trading the market but rather learn and get more prepared for the challenges ahead." Trading is not as simple and easy as the newbies think, and even if you are lucky as a newbie, the luck can't last for long, which is why it's very good to zero your anxiety/emotion and face the market according to how it comes to you (challenging).

I tell you, it's not gonna be a rosy experience at first, and perhaps the first years, it won't be as trading needs a lot from the trader before success would be made. The trader must be wise, smart, calculative, disciplined and mature as they learn and regularly train about the market. It's not enough to learn and train but also be creative in the interpretation and work with a balanced psychology for your success to be ascertained.

In summary, just work more on a trading system, management and good psychology, and I believe you might be a good trader over time. However, the psychological part is often least talked about and might be what is lacking that many traders continue to lose their money.
legendary
Activity: 1106
Merit: 1337
Lightning network is good with small amount of BTC
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.
newbie
Activity: 18
Merit: 4
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?.
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