I fail in trading - page 5. | Bitcointalksearch.org

EiKaGlaShPriSAThWEl

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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…

That is all true. One of the advantage of knowing trading or knowing how to trade is you know how control your money or coins to avoid big losses and of course to earn. There are lot of people who have tried trading but due to having not enough knowledge, they lose and sometimes leave trading. Trading may seem to be as simple as buy low sell high, but when you are at the point to look at the market you'll be asking yourself is the market low or high?

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

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

What was the coin that you tried to trade and how long did you trade the coin? Some coins are good for long term hold. Some coin are good for scalping.

oilton16

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Quote from: Tomtomwole on April 28, 2021, 05:51:34 PM

i dont think you failed yet, you need to do it again. everyone is a failure at one point. no one does it once and gets it right you just have to be consistent and persistent. dont mind your failure even if you fail again. you will soon be good at it.

same thought it is important do not think about you feeling and analyze why this failure actually happened

Tomtomwole

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i dont think you failed yet, you need to do it again. everyone is a failure at one point. no one does it once and gets it right you just have to be consistent and persistent. dont mind your failure even if you fail again. you will soon be good at it.

CoinFoxs

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The most important thing in trading currencies ( not just Cryptocurrencies ) is money management and management risk. If you already manage your risk and the money you put on every trade, you could get consistent profit per month.

Trading is the name of patience if you don’t have patience you may loose your investments. If you want to get some good profit then invest from the amount which you don’t need in near future, so invest from your spare amounts so when the price drops you can wait for price to increase. Mostly people invest from the amount they have with them for their expenses so when price drops they are in hurry to sell as they need for monthly expenses. That’s why they fail and loose their capital amount.

conected

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Quote from: Julien_Olynpic on April 28, 2021, 10:38:56 AM

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.

There is such an aphorism (I no longer remember who first expressed it) that in life there are no failures, failures, in life there are only lessons. And these lessons are an important part of the experience. It is impossible without this. The more you learn from the market, the more educated you are. And this is a specific education. Not what is given in college, but much more important. For example, losses provide an important lesson - they teach us not to lose.

- Inspirational quote about the lesson we learn when we fail, it has been conveyed a lot in the past and extends to the present but to be honest, to understand the lesson, to understand the feelings of failure and to cope with it is always a different setting for each person, some people will take the failure lightly and immediately step back into the journey, some will cry and some will fall asleep in failure. Trading is a place of training and emotional uplifting too much, ignoring the image of the past to create the best version, that's probably a lesson.

Julien_Olynpic

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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.

There is such an aphorism (I no longer remember who first expressed it) that in life there are no failures, failures, in life there are only lessons. And these lessons are an important part of the experience. It is impossible without this. The more you learn from the market, the more educated you are. And this is a specific education. Not what is given in college, but much more important. For example, losses provide an important lesson - they teach us not to lose.

Traderbtcc

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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's okay to fail when starting out, every professional trader making tons of money from trading today have gone past this road, some said they almost gave up on trading many times but they kept trying and today they are enjoying the reward, you failed just once I won't lie to you they are more failures ahead, but don't let them make you give up on goal to become a professional trader, every good thing takes time to grow, nurture your trading skills and strategies with time you won't be fail too much,rather you will have more of greens than red trades if you stay consistent.

dotcoin.info

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Quote from: Om.monata on April 06, 2021, 07:20:45 AM

the main point is the skill in accurate analysis. that's what I get during trading, no need to care about how much your capital is, how much your profit and so on. but keep yourself in a position of stable and good skills so that traders can still run well

There is some truth in your words. In essence, trading is a game of probabilities. Depending on your analysis of external factors, you make assumptions on which you subsequently bet.
One way or another, in each specific situation, your task is to guess where the market will go, and you will never know 100% of this. However, the higher the accuracy of your analysis, the higher the likelihood of a correct decision.

rosebrand

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You have actually said it all, if a new trader can just follow this point you mentioned such trader is supposed to be successful, you know when i started trading I just learnt the basis which was just executing trades, then I funded my account with $50 on FTX boom jumped into futures trade with 10x leverage, due to the rush I didn't even learnt about risk management in futures, within a short period I got liquidated, it's was a small capital it didn't shake me, foolish me funded again this time with $110 and I also got liquidated then this time I learnt my lesson the hard way, I needed to go back follow the due process, watched vidoes about trading also read enough articles about trading, started following up successfully traders then finally got a mentor who nurtured me, today am really doing well in futures trade. In trading there's no rush calm down and learn the market isn't running away.

Rasel5209

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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.

Have many blog article or YouTube channel they discuss coin and her price chart. You can learn more from this site. Also you have better option that have lot of telegram and what's app paid thy tell buy or sell rate. You can join this site and make profit.

fahmimajannat

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Dont lose hope Brother.
Try to bounce back. Trading is platform where one can easily get rich and also may lose everything. So be carefull while trading. First you shouldn’t trade with your full asset. Cause human make mistakes so if you don’t use your full asset in a single trade then you can bounce back cause you may have enough funds in hand.

sulendra12

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

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

We started at the same stop, just keep learning and don't hesitate to join into the trading group and ask someone to actually guide you since there are lot of ways to trade in cryptocurrency and if you think you have the worst fail, then probably you will be surprised when we actually talk about how worse are we.

Saniati

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Learn about technical analysis you can learn every candle work in YouTube.

And for fundamental analysis can use coinmarketcal. Here you will get coin upcoming event’s.

Carry on. Hope you will know everything but need patience and try your best for learn.

Pom_bensin

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I feel your strategy pattern is wrong. You have to find it, because the pattern of your trading strategy can be changed and that is the main key for you to be successful in trading. try to ask for consultation from a senior trader to help you find where your mistakes are and you can correct these mistakes so you can trade well in the future

Issa56

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Trading is not that kind of easy you need to have different experience, you don't just think you can start trading and start making money immediately there are are some basic things you have to knw before you start trading, As a novice you have to start trading with little fund to avoid to avoid lost of fund. Before you start trading you need someone that will really put you true. As a trader before buying any coin you have to make research first and know the kind of coin you are buying don't just buy coin anyhow without research, you must have patience as a trader you don't just sell a coin when you are at lost as far as you are holding a good coin and not a shit coin, you don't have to be greedy as a trader you have to know when to buy a coin and when to sell a coin.

slaman29

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Yes but more practice meaning he needs more capital for trading thats why what he needs is to control his emotion and not to become greedy while he is only on learning stage of trading. Trade small amount and dont allow your trading capital turned to zero, put in your mind that what you need is to learn not to earn.

No he doesn't. You don't need capital at all to trade. You just do it with virtual accounts if you really want a lot of "capital" to spread around.

Although I do agree that trading with actual money is very different from trading with virtual accounts. The emotions are different, so is the pressure.

But I definitely urge anyone who wants to trade to open a practice account first available on many crypto brokers.

Darkelf11

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Quote from: proTECH77 on April 07, 2021, 01:22:07 AM

Quote

I tried one but I falied. There is something I don’t know?

You must obey all the rules that guide trading for you not to experience any failure in your trade. Learn how to do your personal research to know when to trade and when to hold your coins not to involve your self in failure. Don't trade because people are trading their coins without view the market very well to know if it is the right time to trade and make a good profit from your trade.

Even the professional trader makes a mistakes because they are not the one handle the market volatility well I think this thread might close because it tooks over year's we'll back to the topic trading losses is part of the market if you didn't get a lose or a single lose I think you are a god in trading. Trading requires a full potential and commitment if you think you still lacking something in yourself to get back all of your losses. Best tip is always learn on your mistakes and make analysis of it so you don't back on then.

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Quote from: santiPOGI on April 06, 2021, 05:07:08 PM

Practice more makes you become a good traders in the future. In short, the more failures you make is the more chances you become knowledgeable about it, via you learn from your mistakes. Meaning, failing is bridge for you to find out the beat thing you can do, and besides none of the successful traders in crypto experienced failures as well before they achieved what they have now.

Or better yet, OP could have practiced in a paper trading app because there is no risk involved because it is a virtual trading. You don't have to fail miserably, you just have fail in a smart way so you can recover from it easily and learn from it. And if all else fails, you might as well quit because you will only lead a path of misery because you are in too deep, you have to know when to quit and find other potential endeavors in life.

proTECH77

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I tried one but I falied. There is something I don’t know?

You must obey all the rules that guide trading for you not to experience any failure in your trade. Learn how to do your personal research to know when to trade and when to hold your coins not to involve your self in failure. Don't trade because people are trading their coins without view the market very well to know if it is the right time to trade and make a good profit from your trade.

cryptolord2077

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Quote from: santiPOGI on April 06, 2021, 05:07:08 PM

Practice more makes you become a good traders in the future. In short, the more failures you make is the more chances you become knowledgeable about it, via you learn from your mistakes. Meaning, failing is bridge for you to find out the beat thing you can do, and besides none of the successful traders in crypto experienced failures as well before they achieved what they have now.

On the whole it is true. The more mistakes we make, the more experience we get. However, it is important to be aware of each of our mistakes and try to squeeze the maximum information out of it.
Often we make mistakes, but we do not attribute them to mistakes, but we believe that it was an accident of fate, while in fact we could be mistaken for one reason or another.

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