I fail in trading - page 41. | Bitcointalksearch.org

omonuyak

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Quote from: whitemigos on October 10, 2018, 09:07:56 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 a game and those that know how to play the game make the best money. I think you should try to develop your skills than trying to put in money because your skills is what make you money and not your money.

Joyawan13

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elysian.finance

Quote from: whitemigos on October 10, 2018, 09:07:56 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.

Read more about trading here. You will get more experience about your trade. To be able to trade is not an easy thing for everyone to do, but with the spirit of desire and hard work to learn to trade, it will make you able to do it, be patient and avoid panic in trading as important.

Biscutard

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Activity: 759

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Quote from: apityeh71 on October 10, 2018, 07:25:42 PM

You have to learn more about how to determine support and resistance area by use price pattern and some indicator. If you understand already how to do that so you will know which level price to buy and what is the stop loss level. Different between stop loss and take profit should 1:2 , for example if stop loss 5% so the take profit should be minimum 10%.

It might take a little while for OP to sink everything into his head due to his loses but if he's ready to get back again. Then persistence is the key to it while having some patience to learn everything in order to proceed to his next level of challenges in trading.

Ucy

sr. member

Activity: 2674

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Compare rates on different exchanges & swap.

The failures should be part of your learning process.
We all went through thesame difficulties as newbies.
Have you tried demo trading? Demo trading is a way to practice live trading without trading with real money. Below are some trading sites with the demo trading.

Altcoinfancy
https://altcoinfantasy.com/

HitBTC Demo trading
https://hitbtc.com/

Niffler.co
https://niffler.co/

Cpaytoday Exchange Simulator
https://www.cpaytoday.com/trialbitcoinexchange/

CoinMarketGame Simulator
https://coinmarketgame.com/

BitMEX Stimulated Trading.
https://testnet.bitmex.com/

sopanbmp

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Activity: 420

Merit: 10

Quote from: whitemigos on October 10, 2018, 09:07:56 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.

Don't ever trading if you dosen't have any skill on that! if you only use your feeling for trading Don't be greedy is the key! you take profit then you must wait untill the right moment to buyback.

cunguks

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Polkadog - Multi-Chain Defi Meme

Quote from: vixcious on October 10, 2018, 11:04:18 PM

Try again and find out your weaknesses. But there is one thing that you need to know about your financial situation. You need to save more and use the money does not affect your living expenses. It will make you more comfortable when you start investing.

First of all, we need to know who we are, what kind of situation we're in, and how well we are in this kind of situation. After listing all these things in a concrete subject, we'll go easier in creating strategy for trading. In case fail, we would not that depressed. We know about it because we have measured the risks. Try it once more, and if we get loss again. This may something is wrong with the plan. Then just evaluate that plans. We need to have this kind of attitude to be ready for trading.

Andrew1337

sr. member

Activity: 574

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You should first time to stay away from crypto at least few months and just watch how's the charts are going on.
or you can go on exchange that allows demo mode and play around with some random values and see if you are enough lucky at day trading

metalglowd

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💲 EMIREX EXCHANGE 💲

Quote from: whitemigos on October 10, 2018, 09:07:56 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.

failure is a common thing, especially trading, volatility and fluctuations in cryptocurrency and the risk is very high. you better learn more about technical and fundamental analysis. this is the most vital thing to learn

Cling18

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Quote from: whitemigos on October 10, 2018, 09:07:56 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 is just fine to at the beginning because that would be a lesson for you in the future. Our experience would be our best teacher so we must have more patience. Learning trading is important before releasing something or doing it in actual because knowledge matters here.

Ains_sama

full member

Activity: 608

Merit: 100

You only tried once, and said it failed. try asking the experienced trader again. how many times have they failed. everything you mention is true. it's just that you have practiced it? especially patience and focus. but I think you are afraid of losing. so that it failed in the analysis. you should use money as you dare to lose. and trade like playing games. you will see results and are very pleasant without fear.

izanagi narukami

legendary

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Learning by progress if FUN as long as you have passion on it.
If you want to learn more fast, you can hire consultant or following workshop because they can teach you something that you can't find if you're learning alone.

Just keep doing it with your heart and consistent, finally you will achieve your goal, PROFIT !

ShadowBits

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Quote from: whitemigos on October 10, 2018, 09:07:56 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.

One failure doesn't determined your future in trading. You will fail more and more but I hope you only trade for a small amount of money then after you have failed several times still in the end you will start winning.

musdafakfl

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Activity: 223

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Quote from: whitemigos on October 10, 2018, 09:07:56 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.

Finding the points you've been wrong will be the most useful thing for you to fix these errors. It will also be another good experience for you to read informative articles and to gain experience by experimenting with important information in these articles. It is also a mistake to expect a serious income for the first day of your trading life, so you should be prepared to do damage for a period of time and you should do so accordingly.

tenakha

hero member

Activity: 1470

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Anyway it's not always possible to gain. What you have lost will help you make your trade better in the future. If you haven't given up crypto trading, you should try it until becomes better. What you learn is not only what you read, also the experience you have gained while doing business is the best knowledge.

Jateng

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Quote from: whitemigos on October 10, 2018, 09:07:56 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.

What you have siad is true / correct. Since you said that you're only a newbie, you are required to have lot experience first in order to succed in trading, then you also said you failed. That is because you do not have enough experience yet. You have to keep learning things about trading. Be more patient. Don't worry. Do not be afraid to have a mistake(s). You will learn from it and know how to stand from it.

eaglewhite80

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I will tell you few major things actually, with everything balling down to not being in a rush to learn and start trading because you want to start making money.

See it like you want to learn a profession and you need to learn all you need to learn and practice a little bit before you even start considering going in the real trading sphere.

Trading is complex and you really want to take your time out to build a strategy when it comes to when to buy, when to sell and where you should be placing stop loss. Build on these things, and your confidence as well, and then see yourself making better decisions in the long run when you start trading in the real world with your funds.

Cofee.BLUE

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Activity: 546

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Quote from: butka on October 10, 2018, 11:11:15 AM

First of all, let me say that probably 90-95 percent of all traders fail. This is especially true at the beginning.

IMO, there are basically 2 reasons why traders fail:

1. not enough knowledge, for example, about technical analysis, how to trade, when to trade, and so on.
2. wrong mental attitude, and other things related to person's character and psychology.

The first thing you can learn more easily. There are so many online courses, videos, and other free material that you can learn all that if you have a strong desire.

The second thing has to do with your character and psychology. I recently started a thread discussing this point you might find useful:

https://bitcointalksearch.org/topic/youtube-video-the-10-minute-talk-every-trader-needs-to-hear-5046029

True, as a beginner you could see the potential of a certain coin because you know less, so you are going to expect really but after losing your expectation you will realize something, there is no such a certainty on this industry you really need to study the market because of price variation. Nonetheless, being a beginner will give you real experience to be a knowledgeable trader in the future.

Coin_trader

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Leading Crypto Sports Betting & Casino Platform

Getting into trading without enough knowledge is risky, you might loose your capital within a very short period of time. You need more patience and it is necessary but proper knowledge is the heart and soul of trading, getting into this without enough knowledge is like going into war without weapons.

btcyoda

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Activity: 644

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Trading is not a simple task to make money we need to know to wait for prices to recover. We have seen many ups and downs in the market at the same time when the prices are decreasing we have to wait patiently until the prices start increasing again.

CryptoIyke

copper member

Activity: 308

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Trading isn't not for everyone, everyone who has traded crypto can relate easily with what you have experienced, it is not that easy as it seems, it is much more than buying low and selling high, the market does not equal respect trends and TA most times and hence makes it difficult to predict directions which result in taking wrong decisions that leads to losses. The best however is to invest in certain coins for medium to long term and come back later to harvest.

Topic: I fail in trading - page 41. (Read 25128 times)