I fail in trading - page 42. | Bitcointalksearch.org

mace15

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Quote from: jony35490 on October 11, 2018, 07:00:12 AM

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.

Exactly mate you need to be patience to become a successful trader. You can read more about trading on some website and you can learn from youtube.

The best thing that you can do is to learned again to gain knowledge. In order for us to become successful in trading read, watch and learn these will guide us the whole time in trading. Backtrack at what part you had mistakes by this way you will know on how to improve your performance in trading.

jony35490

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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.

Exactly mate you need to be patience to become a successful trader. You can read more about trading on some website and you can learn from youtube.

SunJAB

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Quote from: Chrystora123 on October 10, 2018, 03:23:26 PM

don't be discouraged bro, that failure, in my opinion, is very natural in every person, You just have to add knowledge about trading, but if it turns out that it doesn't suit with you, you should leave it alone, because it's not just trading ways to produce cryptocurrencies, you can also do mining, join bounty programs or invest in ICOs...

Failure is the mother of success, and today I've failed quite a lot, and I believe myself to be the best method, thus reducing the risk for us, do not hurry As daunted as you say, your answer is an extremely valuable advice.

jessica2020

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Yes Im agree with you that trading especially the new traders, need a patience and strategy in trading. You should know more about trading, I think experience is the key to learn more. Its ok if you failed in your first trading, its part of being a trader.

vixcious

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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.

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.

Javi_Anibarro

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A lot of peoples are misinterpreted the meaning behind 'success' in trading nowdays, trading is not about making a money for every trade but instead it is all about making the profit from the trades that we have done. What i mean is, you can fail it once or twice in a row but you get something afterward and in the end you are profiting from your trades.
market always change, mistake is something that we need to face and eventually we will get it sometimes.
a key to success is understand, understand yourself and understand the market.
do not overcomplicate your trade and always learn from your mistake, experience is the best teacher other than an expert.

apityeh71

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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%.

voltesbit777

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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.

In the first place, if you failed on your first attempt it means your tactics is wrong. Therefore, you need to change it and find some other way which you think is far more better than the first one you apply. Then, analyze the situation happening in the graph well, if you don't know how to read them, you are oblige to understand it and to learn it first. Self exploration in this industry is much needed if you want to become successful here.

josephdd1

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As a starter in trading you have to do more than just be able to read the charts. You have to have a good general knowledge about the markets in general not just the coins you'd like to trade. This can be done from reading the news and trying to be up to date with what's happening to the market. Then you should be prepared to start trading.

dzhan

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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.

Well, losing some trades is always possible to happen even for the most experienced and successful traders. You have to keep improving your skills about trading cryptocurrencies, and keep learning more about this field, while you keep getting experience by doing more trades.

Zadicar

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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.

Just sustain and proceed on trading because this stuff cant really be learn overtime.You have just mentioned about patience but now you are hurrying up yourself on learning it. Even experienced or good traders do really lose out money or trades yet this thing is really inevitable but due to experience and skills they can able to sustain somehow on making profits inspite of loss and this should how a trader things.
Not only a single fail will really need to stop you on doing trading because these are things will mold you to a better one.

crocus

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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.

Also don't let your emotion control your trading strategies like if your coin keeps falling and then you will panic quickly and sell them all, this things always happen when the traders was a newbie. newbie should know that crypto is completely volatile and having huge decreased of an coin is normal especially in this bear market.

Chrystora123

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don't be discouraged bro, that failure, in my opinion, is very natural in every person, You just have to add knowledge about trading, but if it turns out that it doesn't suit with you, you should leave it alone, because it's not just trading ways to produce cryptocurrencies, you can also do mining, join bounty programs or invest in ICOs...

Bushrat Jahan

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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.

Before starting trading at first you need to know about technical analysis and always be updated and trying to keep in mind that all trades can't give you profit so don't get panicked. Always try to be patience.

Quidat

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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 just miss something that's why you fail and not everyone are succeeding at first try, this is just a start of your journey as a trader so why worry when you fail today? There's always a room for improvement and all you have to do is to read and apply the basics of trading and your mistakes will help you to go forward of trading while learning from it.

gabmen

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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.

For starters that's pretty much all there is to do. Gaining experience would be your best chance and ypu attain that through practice. Also, most beginners lose heart when they lose trades. Just remember that even experienced traders lose money so don't be afraid to lose.

pundit

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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.

This is bitter but true, trading requires lot of experience, you can learn basics from books, forum but actual experience will come with doing actual trading may be on real account or demo account, demo account have limited emotions but real account includes emotions as well and emotions play a vital role in trading, I would suggest you to study technical charts, fundamentals and apply it on a small real account, by the time you will come to know where to take trade and where to exit.

harizen

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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 mentioned the word "newbie" , "patience" , "hardwork" so why in a rush of becoming success? You just experienced a single trading loss and become worried now. Failure is part of trading journey and that is usual since obviously you are new to this environment. Didn't you know that even professional traders still experiencing lose on the way so again it's part of the game.

Since you already tried a single trade, I guess at least you already have the basic knowledge. Just continue to do it until you will become used to it. Experienced will teach you so need to push yourself to learn those deep technical trading terms as you will learned them on the way.

It's fine that you read read and read but make sure you are applying what you read in the actual trades. Crypto is volatile that's why even a professional analysis are bound to failed that's why you need to be used on how crypto prices moves. This will take time so be patient.

If you are really eager to pursue your trading journey, believed me you will learned.

Cryptopher

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Keep it dense, yeah?

Trading can be hard, it can also be very easy. It all comes down to your mental stability and believing in what you are doing is right.

Of course, you can't always get it right - knowing when to exit or hold is key.

One thing that is generally advisable is to invest during cyclic drops (look at the charts since Dec '17). It is very risky to buy in on the rise in a bear market, it will most likely be a bull trap.

reflector

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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 not a simple platform for all the investors so we should wait and monitor the perfect place then only it will make profit. All the day traders are concentrate in cheap altcoins or tokens because these are all make unbelievable profit and quick deal.
But I do not prefer day trading for beginners so you should start mid term trading that will be best deal for all the investors.

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