I fail in trading - page 34. | Bitcointalksearch.org

ranman09

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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.

I would suggest to first learn the basics of Technical analysis, learn the basics of charting, learn what each candle tells you and how the support and resistance works.

And then when you feel you are ready, (you will know by testing your skill, read charts) 2nd step is to know and improve your emotion. Put and keep only the money you can afford to lose. But not to actually lose it, but to clear your mind about it and start thinking only based on the charts and technical analysis.

no FUD, no FOMO just pure analysis.

kingkonjac

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yes maybe you fail at the first time but it doesn t mean thatyou have to be disappointed because you will not make same mistakes next time think in this way and do not take to serious life is short for worrying all the time.

llyfee4u

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Like you i kind of had to learn the hard way. I've since decided that trading as an everyday thing isn't for me, for the simple fact that i don't think i am disciplined enough to hold my nerves at the critical times. The critical in crypto trading being a very thin one, what with all the market manipulation that can sometimes happen.
The only bit of trading i have been quite successful with are of projects/coin that i have been involved with from the beginning. Something about knowing the in an outs of the projects, knowing the historical low/high, on two occasions i have done this and came out very very well. There are much more experienced guys who can look at charts, pick a random coin to trade and still do well with it but i don't have that capability. I think that it is important to know and acknowledge your strong/weak points.

simpleholmes

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that is really bad experience but it can happen and sure that most of us had this experience but i think that in this way we can learn and do not make any other mistake and also trading is hard do not forget that.

pinkpanther03

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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.

There is always a lesson for every mistake we make, as I can see for what you did was right. Now if you failed, take it as a learning stage and doing actual on trading is much better, because with this matter you could quickly learn and develop your skills on trading. Just be more patience, give more effort and hard work, for sure in the long run you will succeed on this process.

sheenshane

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Quote from: iv4n on October 18, 2018, 02:09:21 PM

Quote from: bristi_ on October 18, 2018, 01:20:44 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.

Firstly gather some experience then try to trade,i think that'll be good for you.

Truth is that we all have fails, you can`t always win, nobody can. Trading is a way to earn some money, trading can be your hobby or job, depends how much time and money you have to enter the market. It`s all in numbers, time you have money you have, and after all you will always have good and bad days, it`s gambling, I always compare trading and gambling.
With practicing everyone can learn something, gain some experience, it`s not free, just be ready to risk some money and enter the market without some fear from it and losing your money.

But this trading is less risk compared to gambling if you comparing both of them, for me gambling is worst among of all putting investment. In trading that a part of success sometimes you fail but in the end, you will learn your mistakes and wrong decisions in trading. I personally hate trading because, for me, it is too much consume time you spend much better in investing crypto and hold for long term. Learned your failure and avoid this by next time.

iv4n

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Quote from: bristi_ on October 18, 2018, 01:20:44 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.

Firstly gather some experience then try to trade,i think that'll be good for you.

Truth is that we all have fails, you can`t always win, nobody can. Trading is a way to earn some money, trading can be your hobby or job, depends how much time and money you have to enter the market. It`s all in numbers, time you have money you have, and after all you will always have good and bad days, it`s gambling, I always compare trading and gambling.
With practicing everyone can learn something, gain some experience, it`s not free, just be ready to risk some money and enter the market without some fear from it and losing your money.

bristi_

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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.

Firstly gather some experience then try to trade,i think that'll be good for you.

Huskarls

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what I see is, most likely your mistakes are panic and drifting in fomo. and the most important thing is how you manage your assets, actually this is a simple thing but often overridden so that, when trading and losing assets, it will only be felt

RokokGudangGaram

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Quote from: agatha90 on October 18, 2018, 06:19:39 AM

I think that trading can be called hockey, I'm also not good at seeing graphics, but sometimes I succeed a few times. All in need of patience and thinking in more detail.

absolutely right and with failure that does not mean the way for us to stop, but for us to continue further and correct the mistakes that you have all done. because failure is one so that we can succeed well

andycarrol

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Quote from: Adriano2010 on October 18, 2018, 08:33:18 AM

Not all people who trade get profits at start. Some people when start trading they search for fast profit and make some mistakes. Some just buy and hold a coin for long time and get a nice profit. Others buy on high and when they see a medium-high price drops they sell their coins in a loss. The people who make trades needs a lot of patience.

the experience is very important in trade because usually after that we know and we can control the emotions because emotions in trading that was very risky and patience certainly is the key of trade.
because as long as I traded emotions is one of the most difficult to control, especially when the newbie always wanted to get a quick profit, without knowing what is going on these coins.

Vinz1978

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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.

Your only newbie and of course, failures in trading is the most common things you will encounter it there. What would you expect for every newbies who will go for trading industry? do you think most beginners here will get instant profit or a big one earnings. Its a long journey for you to learn here pal, this is not an easy things even you watch youtube about the tutorial, you cannot get it at once, though you are reading most often in trading but not enough. But I suggest continue to read and be observer every time you're in the actual trade.

whitemigos

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Thank you but there are too many videos so i need you to select video to learn about trading. Also I would like to know whether to choose long-term trading or day trading

Adriano2010

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Not all people who trade get profits at start. Some people when start trading they search for fast profit and make some mistakes. Some just buy and hold a coin for long time and get a nice profit. Others buy on high and when they see a medium-high price drops they sell their coins in a loss. The people who make trades needs a lot of patience.

googs84

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Actually you should first start trading and then only you can start learning about the trading. Know that, trading lessons can not be obtained from the articles or books because they will work only when you get the similar conditions in the real market. In the trading every time you hit the market you will see N-number of situations and thus you will need to change the strategies each time you start your trades. Now in this period you can not apply the same strategy again and again and hence you must start first and then keep learning about it. Thats the real trader or quality of professional trader. Well these are my thoughts by the way.

el kaka22

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Quote from: adzino on October 17, 2018, 02:10:48 AM

You said it yourself. You are a newbie. What do expect from being a newbie? Huge profits? You will need to learn first. See how the market works. Start with small investment. Try experimenting in different ways. You might not be making profits at first which is quite normal since you are new. Just learn from your mistakes and try not to make the same mistake once again.

We are in an age where people are so much in a haste to start making money and would not want to go through the proper channel of learning and once they do so, the chances of failing is definite as there is absolutely no way they can hide from it.

Trading is complex and you cannot finish learning in a whole day and even professional traders are still learning every single day which is what makes them successful. After learning, it is always a necessary thing to try out your skills, take your time to be sure you are ready for the real market and that is how you are able to overcome any emotional reaction when it comes to trading the market.

Failure is something that can happen most of the time to a whole lot of people, but what you do after failing is what counts the most. Do you end up failing and backing out immediately, or do you pick up from your mistakes, learn from it and get better over time. This is something that makes the difference between someone that ended up doing well in the long run and someone who did not.

Ponti

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Study more or perhaps obtain a professional certification, such as CFA and CISI, that will sure improve your trading.

sana54210

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Quote from: Willitivity on October 15, 2018, 07:23:47 PM

Failing at trading once doesn't mean you can't get it right. Trading here is a very delicate thing, any little miscalculation and you are failing. But you should see that as a an experience gained and use it to gear up for bigger opportunities. At one point orvtye other, we all have made mistakes but learnt from it and moved forward.

How to get it right are usually most people's problem and the only reason they can never get it right is because they never care to learn first. To trade like a pro, learning is one thing that must always be paid attention to and access yourself afterwards what you know by at least practicing using some demo platforms and building on the strategy you have.

How will you be able to have a strategy or refine it by learning from some of your mistakes, if you do not get to know what you are doing in the first place? It is practically impossible and that is the reason why a lot of people have found themselves failing woefully.

agatha90

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I think that trading can be called hockey, I'm also not good at seeing graphics, but sometimes I succeed a few times. All in need of patience and thinking in more detail.

bright4mech

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Trading is a function of learning, you will not just wake up and start trading, and expecting profit. First thing to do as a Crypto trader go for knowledge and know how the market move by analysing it, before making a moved of trading.

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