My experience as a beginner trader - page 11.

Questat

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Quitting remains as an option for me and for those who really don't get how trading works. In fact, trading is not for everyone meaning that if we know ourselves that we can't do it rightly, I don't think we need to stay in trading while suffering losses. Maybe we could think that because we are a beginner, well, we consider that situation but if the situation still has the same results (losses) after several months of trading, that was an indication to leave and forget trading was not the best place for us.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

When it comes to trading, not only newbies but even pros in trading lose as well. That's how risky trading is. However, for beginner traders, their losses are happening more often because they are still learning on how to trade properly, and their skills and strategies are still in process. If they quit along the way, then they will never have the chances to be profitable traders, but if they accept the challenge and continue molding their own skills and expertise in trading, eventually they will become efficient traders in the end.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Quitting is an option if;

- A person doesn't have an interest in doing trades in the first place and the reason why they consider doing trade is because they saw someone earning decent money here. Thinking of having the same experience, they just test the waters.

- After a long series of doing trades, still failure dominates the trading stats. Better change careers.

- Only genius during the bull run but ended up silent in a bear run

Professional and experienced traders still losing today as no one can withstand the volatile crypto market. However, traders at these levels already know some set of strategies on how to deal with any market trend and can adapt to any market situation anytime.

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Quote from: Viscore on August 31, 2023, 05:54:55 PM

Some beginners may have few experiences from trading but most of them are failed trades. But what do we expect? Trading is a battle of mental and emotional aspects, and if you’re not inclined to it, you will never be suitable in trading. But that will never mean that you will quit and easily end your trading journey. Everything is learned and mastered, so you should not resort into quitting but challenge yourself to improve more and gain more experiences in trading. That’s the only way you will see your full potentials as a trader.

and some people are just not talented in trading, usually people with lack of self control, having too much emotion in them always make decision based on FOMO instead of analysis.
these kind of people just doesn't have the talent to trade, after all not everyone could venture into trading career considering the fact that its truly mental exhausting and also brain racking job.
if its that easy, surely many would become the next warren buffet, but the thing is that the big whales, also wanna make profit off the ordinary people that trying to go against the wave.
even if that individual is using technical analysis whats stopping the big whales from using the same technique to counter the individual traders.

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As a beginner before based on my experience I just know the support and resistance but during that time is the bull run so like most of the people we buy and sell for the mini short in those price actions, I think seems like I'm a scalper that time, not as the same like me wins in their first trade and most of them losses more a lot that could be a reason to make a revenge trade or quit itself if you want to learn you can keep learning and gaining experience in trading or else leave the trading if you don't get well here not as always trading is for all the people.

macson

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

a beginner cyclist will definitely fall a lot before he can become an expert cyclist and that is also what happens with traders, it is your intention and also your hard work that will make you a great trader, it is normal if you lose and lose several times in At first, if you persist then rest assured you will get used to trading, but you must remember that even though you will be able to make good money in trading, you should not stop learning because no trader is perfect, and also gambling will be very scary when you make it an activity like gambling, keep learning the basics of trading, that's really very important.

Viscore

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Some beginners may have few experiences from trading but most of them are failed trades. But what do we expect? Trading is a battle of mental and emotional aspects, and if you’re not inclined to it, you will never be suitable in trading. But that will never mean that you will quit and easily end your trading journey. Everything is learned and mastered, so you should not resort into quitting but challenge yourself to improve more and gain more experiences in trading. That’s the only way you will see your full potentials as a trader.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Every trader, even if they are professional traders in crypto, must have been a beginner. what differentiates them in the end being successful as traders and not is how they prepare themselves for trading, how they go through the process, how they carry out various evaluations for the best strategy, how they manage themselves to be wiser, smarter, and more careful, and how they make decisions at the right time.

All of these things have a big influence on a trader's process of being able to survive, develop, or have to go backwards. It's not just a matter of courage in trading. If it's just because you're brave without any of the things mentioned above, at a minimum, then that's the same as taking a high risk without preparation and just out of desperation. This is not good for the future. You have the right to step down if you feel that it is not enough and you need time for self-evaluation. Instead of imposing your condition, it will only become more like gambling. deserve yourself to be really prepared when you jump into the world of cryptocurrency trading because this is a high-risk thing.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Losing can't be avoided while we are doing this (trading). In fact, even those who have in this field for many years are still also facing such things but not just like newbies who are really losing huge amounts. But not a surprise for me because I know that we can't beat the volatility of the market making us sometimes fail to figure out what will happen next. However, all the mistakes and losses that we've got seem to be our tool to grow as well but if we then think about easy at the very beginning, it was difficult for us.

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Quote from: uchegod-21 on August 30, 2023, 07:02:08 AM

Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

This should not mean that beginner traders should keep losing money in the name of trading. Losing money does not mean that you are at the track of making money in the end. You can lose money and keep losing money if you are careless.
The best thing to do is to learn to trade very well before trading and you can start off with a demo account so that you will not lose money.
Again, trading is not for everyone. I repeat, losing money now is not a sign that you will make profits tomorrow.

However, losing money at the moment might motivate you to do your best next time and prepare for another trade by developing more of your skills and strategies that will pave way for your success. Trading has its own process, if you lose today, that does not mean that the same will happen tomorrow. As long as you make your efforts to learn and you are ready to control your emotions and stay away from greed, I guess there’s no reason that you’ll not be in profits the next time you trade.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

This should be the best mentality for a newbie trader and we all have to know that, nothing is certain in trading just as it is in gambling and I love the fact that you already know that trading is a maybe 50/50 probability where neither profit or losses isn't guaranteed.
Well I've heard about some newbies joining some trading channels to stay profitable and I might not be a fan of trading signals but I think if one joins a good trading signal, there are possibilities of staying in profits and your caption got me confused as I was expecting to see a write up of you talking about your entire trading journey but I got an advice rather.

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Quote from: puloweh555 on August 31, 2023, 03:28:40 PM

Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Very true. There is no stopping to achieve success in trading, but on condition that we continue to learn and gain knowledge about trading and learn from mistakes. Often our ego wants to beat market reality. We must always open our eyes and see the fact that trading is not always certain and always produces profits.

In fact, the losses experienced are clearly visible, both beginners and pro traders have experienced losses. Therefore we all have to be very careful, nothing is instantaneous and losses will become an experience for us in the future so that we are wiser in making decisions when trading.

Those mistakes would be your learning stepping stones on which this is something that you would really be needing yourself to get in lined with.Thing here is that dont make yourself in a rush because this is where

people usually do commit out mistakes on which they dont really be having such patience on doing so which it would really be ending up on committing errors which would really make the situation even gotten more
worst but sensibly speaking that it would really be better that we should really be taking that slow kind of pacing while understanding things along the way. Being a beginner which it would really be that understandable that you would really be needing to absorbed on whatever learnings that you would really be able to get along the way.

It would really be taking that sufficient or ample time for you to learn on things and this isnt something that you could really be able to obtain in a short period of time and a few
engagements but rather it would really be the opposite.

puloweh555

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Very true. There is no stopping to achieve success in trading, but on condition that we continue to learn and gain knowledge about trading and learn from mistakes. Often our ego wants to beat market reality. We must always open our eyes and see the fact that trading is not always certain and always produces profits.

In fact, the losses experienced are clearly visible, both beginners and pro traders have experienced losses. Therefore we all have to be very careful, nothing is instantaneous and losses will become an experience for us in the future so that we are wiser in making decisions when trading.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Trading are for only those who are strong. Because it's just a mental game. Every battle happens only on the traders mind. That's why psychology is very important in trading.

It's not about the years you put in. It's about how well and how consistent you become on those years. That's how you get ahead of trading. Of course you will encounter difficult times and drawdowns. But it will be your choice if you quit or continue. Some cannot handle the pressure. 1% do.

tjtonmoy

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That's quite a motivational post for beginners. But here's the thing. Trading is not for everyone. Tell me all the things you like but that's the truth. There's a limit on how much losses you can make. You need to have the ability to understand where your limit at. If you keep on losing and learn nothing from your mistakes or can fix your mistakes, then trading is not for you.

Every day people are joining into the crypto world. They are mostly here for the profits and money. But they are not focused on learning things properly and dive right into trading in hopes of making money. Trading is not easy and not a way to make quick money. The more you run after money, the more the money will run away from you. So instead, learn the process first and then continue on making money. And if that's not working out and you want to stick to crypto, then there are other sectors in the crypto world that you can explore.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

If a beginner is thinking of quitting after losing so much on trading, there are two things involved which a mentor or role model would advice them to do - 1) go back to the basics. 2) Take a break. What these does is that it helps the beginner to evaluate and reevaluate their strategies, develop new ones or worst allow them come to the realization that trading is just not for them. You must be a trader...unless it is something that you are very passionate about. There are more than a thousand and one way to make money in cryptocurrency that is less risky than trading. They can explore those options too. However, going back to the basics may just be the best decision that they can make.

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Quote from: traderethereum on August 31, 2023, 11:45:48 AM

If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.

Basically in trading or when someone wants to start getting into a trade then there are indeed many things that we must prepare first, I'm sure your goal is to make a profit and you may have seen some people out there who made it big so it's like telling you to get into the same field. But on the other hand you have to remember there is no profit without the risk of loss, so I hope for you and also probably for most of those who just came will understand all this, I mean learn all the things that can bring profit and also learn some limits to minimize losses. Honestly I said some of the preparations they should have, like you said keep learning and digging a lot of knowledge from the references you get. Do not let you become a trader who loses direction when you are in the middle of the road, so from now on set your goals and plan your trading plan. And the last one is the most important in my opinion, you have to train yourself to be able to make peace in any condition, don't let you be controlled by your own desires, because obviously when traders get out of control then they will experience a lot of losses there.

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If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.

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Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

Honestly it's usually tough as a beginner trader because of numerous numbers of losses incurred and accounts liquidated, infact a beginner do jump from one trading strategy to another in bid to find an edge over the market, however it's never the strategy but the trader ability to manage risk, psychology and discipline, I had experienced losses that almost prompted me to quit trading, however I do take a break and return after some series of research, trading is not easy it takes a lot of learning the chart patterns which is Technical Analysis and getting updates of fundamental news which comes with years of experience thus 90 % of losers are mostly newbies.

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Quote from: Bananington on August 30, 2023, 12:59:04 PM

Quote from: promise444c5 on August 30, 2023, 06:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

This is not always true, some beginner traders who have started the right way from following a good mentor and practicing for long in demo trading, they may actually record some success when they start trading and not as many losses as you predict. It is one thing to start trading and another thing to start trading right. A big part of why some new traders loose within their first months of trading is because they were not patient enough to start trading right, they hurried into trading without enough knowledge and no borrowed experience.

I agree with that. About the biggest reason why beginners experience more losses when they first enter trading. Well, the reason is actually almost the same, namely beginners are always impatient and always act in a hurry. Sometimes even beginners already have insights that they have learned before they start trading. It's just that their mentality is not yet strongly formed. Because a strong mentality and strong patience can be formed as a result of learning from experience. So it can be said that theory alone is not enough. Because the real lesson is sometimes obtained from a direct experience in the market.

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