I fail in trading | Bitcointalksearch.org

Fatunad

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Quote from: ReiMomo on November 08, 2021, 03:13:45 PM

Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Every new trader faces the same issue. I have faced it. Even after you are bit experienced, its common to loose and miss out profits at times. Market is volatile. Just one main thing is, the patience and market updates. Keep yourself updated of the coin you have invested on. And listen to news on crytpo as the news around will certainly affect the market's growth. Closely watch the market every day.

Each one of us did really face this thing and its an inevitable and this is why we should really be that mindful on how to take learnings out of those mistakes because we cant really improve ourselves if we do just ignore and keep repeating the same mistakes as we do go ahead.If you do like to sustain into this market then you should really be
sensible towards your actions and wont really be just continuing without having any progress or improvement.Dont get scared because this would be a big hindrance
for you on not to become a better trader or investor.

ReiMomo

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Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Every new trader faces the same issue. I have faced it. Even after you are bit experienced, its common to loose and miss out profits at times. Market is volatile. Just one main thing is, the patience and market updates. Keep yourself updated of the coin you have invested on. And listen to news on crytpo as the news around will certainly affect the market's growth. Closely watch the market every day.

blatchcorn

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Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You are not alone in the list as around 80% of traders end up in loss.( Here is interesting read, If You're Day Trading, You Will Probably Lose Money: Here's Why). Crypto trading is wild fire that cant be handled even by experienced traders. Newbies are an easy hunt for trading. What I wanna say is play long time investment aka HODL. Its tested strategy that guarantees profit. The only down side of HODL is it doesnt comes over night.

Snappycoco

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Quote from: checkmatesir on November 07, 2021, 02:26:10 PM

To get into trading and knowing about the chart and the graphs of the coins you need some experience before getting into it, as trading without experience and investing more and more without experience is just losing yourself completely , I hope you would understand What I'm saying, so always ready with what you have and where you are?

Well trading analysis helps added by experience but for me, its wise if you have a mentor to follow up to. It needs time to learn all these and even months of reading isn't enough too. You need books and technical tools that could help you with your daily trading. And after all these, there's luck. All the technical analysis aren't 100% accurate. Its just a probability that something might happen not certainty.

YOSHIE

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Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I tried one but I falied. There is something I don’t know? Please tell me more.

Not everyone can succeed in trading crypto, what's more without having good knowledge in analyzing especially charts, markets, crypto etc.

For that, believe it or not, many people have switched professions from crypto trading to long-term investment, many have had success with such an idea, but patience in waiting for a certain crypto really does bring them profit, it's boring.

Honestly, if you ask me personally, I would suggest you switch to futures investing, see which crypto has a good demand in the market, buy it, relax, be patient, see the results.

checkmatesir

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To get into trading and knowing about the chart and the graphs of the coins you need some experience before getting into it, as trading without experience and investing more and more without experience is just losing yourself completely , I hope you would understand What I'm saying, so always ready with what you have and where you are?

proTECH77

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Quote

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Try to be patient with your coins in the market, if you want to make a good profits from the market. When others are rushing to sell in the market try to do your own personal research to know if it is time to sell or buy in the market for you not to regret with your investment. Always listen to the forums information for you to be able to know when the market is looking good to sell and make a massive income. Try to avoid short term investment, if truly you want to feel the massive profits others investors are enjoying in the market.

CDC AP

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You are not the first or the last one to fail but the good thing is that you have realized that you are making some mistakes.
Trading skills and experience are something that you will get with time and it takes a lot of learning and patience but it's not impossibe.
Just don't rush and make desperate moves, invest small amounts that you can afford to lose and learn from your mistakes so you don't repeat them anymore.
It takes time but it's worth your efforts.

Mauser

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Losing money in trading is part of the game, everybody who trades for long enough will have a bad week, a bad month. It's like with everything else in life, there will be good and there will be bad days. What is important for a trader is how we deal with our failures. Losing money is painful and should be avoided as much as possible. But if it does happen we need to be very critical about it. We can make the right trading decision but be unlucky about the timing. Before selling any position and realise our loss it's important to evaluate our position. Maybe instead of selling quickly we can just hold our position for another few weeks and make back our loss without trading. That is why we should judge our success or failure on a longer time period. Looking at our profits every day can be misleading. Better make averages across all our trades and see how well we did this year or last year. Also it is important that if we take a loss and sell our position that we realise what actually went wrong, maybe there was a problem in our decision making that we can correct.

Lordhermes

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Failure is part of the business of trading.Failiure does not mean all hope is lost,it simply refers to try again later.It is only those who quit after failing,that have failed,but in as much as you are still trying,there is every tendency that success will certainly come.
If you have failed in trading,all you need to do is to sit back and re-strategise,have a new method on how you go about trading,read new ways of trading,that is to say that you research more.Learn from people that are experienced in the field,they will direct you,and failure will no longer be your portion,but do not relent.keep on trying

Sihab76

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Quote from: martina14 on September 17, 2021, 12:00:51 PM

Fail in trading here in cryptocurrency I think is just a normal aspect for the traders here in my own little way.
Because, even the expert one faced this kind of loss. That is why risk management is useful for this matter especially to all
traders who made most of the time trading in any of the exchange we got here in crypto space.

You are right that trading in cryptocurrency may not be successful. There are two types of possibilities in trading, one is profit and the other is loss. Only those who are much more knowledgeable and experienced may not face any loss when it comes to training.

Oilacris

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Quote from: TheKernel on November 04, 2021, 04:51:09 PM

Failure is a good sign that you are on the road to success. Keep working at it!

Not all failures does really guaranteed success because there are really moments which you would really be thinking on quitting for good because of the current condition that you are into but most of the time failures are just part of your success because if you dont work hard on it then you wont really be seeing any progress on your trading.

Just puruse on your career and dont easily give up because theres nothing simple when you do engage with trading.Everything should be
be working hard.

Few fails isnt a solid reason for you to quit but rather thinking off on enhancing and developing yourself further more.

TheKernel

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Failure is a good sign that you are on the road to success. Keep working at it!

Nhor1011

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Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Trading is easy if you learn and study first before you enter into actual trading. It needs a lot of understanding, patience and different strategy. You can learn here in forum and also on different social media.

Desmong

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Crypto bookmaker and casino

Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

There are alots to learning in trading not just commonly looking at the chart. Trading is broad and to excel in trading, you need to be versatile in chart reading, fundamental analysis, technical; which also encompasses chart reading, indicators, institutional terms and many.
You need to a mentor that will lead you through the journey of trading, guiding you against any form of obstacles. Remember that trading is not an ordinary game.

Maslate

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Quote from: Hobo66 on November 03, 2021, 12:30:20 PM

Trading requires patience and large part of your daily time. If you rushes to get profit then absolutely you will not. If you want to get profit in trading you should invest in Bitcoin and Solana. These two coin are very hot coins nowadays. Like these coins there are so many other coins in which you can make investment. But before going to start trading you should first seek about it.

It's like a business that you have to put an effort into, you cannot be successful right away, it requires a lot of experience and reflecting on your mistakes until you become consistent in trading. It's not a one-time big-time kind of business, it's kinda risky because we are dealing with risk, but with enough knowledge and skills, that would minimize the risk and you'll be profitable in the long run.

if someone failed and give up right away, then I must say he/she is not destined to be a trader.

Torps1

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Quote from: whitemigos on October 10, 2018, 10:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

It's such a wise decision that you ask from experienced people.
When a trader fails to learn the basics of trading, failure is inevitable. Such traders are the ones terming trading as scam and gamble.

If you must succed in trading, you need to learn and practice a lot of things.
It's not usually easy from the beginning but if you persist, your hard work will surely pay at the end

Search for some useful tutorials on YouTube and practice on demo account.
Build self confidence, exercise patience while hunting good setups, always use good money management, have a good trading plan and be emotionally stable while trading. Honestly, you need to learn a lot.

I wish you good luck!

Hobo66

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Trading requires patience and large part of your daily time. If you rushes to get profit then absolutely you will not. If you want to get profit in trading you should invest in Bitcoin and Solana. These two coin are very hot coins nowadays. Like these coins there are so many other coins in which you can make investment. But before going to start trading you should first seek about it.

Lordhermes

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If one has failed in trading,its as a result of so many factors.It might be that you did not seek help from the right source,you just dived in,it might be also that you didn't invest at the right time,but in all,trading requires a strong and solid financial background,and a strong heart as well.

Trading is not hard to do if you follow the right process,get knowledge and help from the right source.continue personal research on the trading you want to enter into.and also bearing in mind that there are two things involved in trading,it's either you loose or you gain.

NotFuzzyWarm

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Evil beware: We have waffles!

Maybe you should connect with a local hamster for trading advice.... Wink

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