Topic: My experience as a beginner trader - page 12. (Read 1604 times)

Quitting will never make you a winner. If you refuse to move forward from your mistakes and losses in your initial trades, then it’s like you accept yourself that you’re not really bound to be a successful trader. Always know that those successful traders today have started from scratch way back then. They endure a lot of losses and frustrations that made them stronger and more motivated to win and be successful. And from beginner traders, until they become pros and veterans in trading. And that’s when they can say, gone are those days where they consistently lose and suffer, now it’s time for them to reap their hard work and dedication in trading.

I'm not saying they shouldn't quit if it's ruining you everyone has where he's good at , but QUITTING  as beginner who just lost because ithis or her first time is not a choice for me

It is true that by practicing, someone can easily understand it better and start to become a successful trader, but that doesn't guarantee that once they lose a certain amount of money, they will start making profits from it. I don't really know about you, but if anyone continues to lose money in any type of business he or she is doing, no matter how hard it is, it will be discouragement, and that is why many cryptocurrency traders warn newbies to stay away from trading because of how difficult it is to make money from there. Trading is not where you just put your money and expect to make profits; it really takes hard work, and someone has to be very good at technical analysis.
 
Experience is the best teacher, but despite that, I will not advise anyone to continue trading when they are losing much money often over trading. It will be better to stop trading for some time first and gain more theoretical knowledge.

As I've always said experience or mistakes or failures are your best teachers no matter what, if you haven't experienced it, it is really difficult to understand it or sink it in your mind, but repeated mistakes are another work which we shouldn't do frequently. also quitting or thinking of it is part of learning trading, it is just to prepare you if you can still continue or quit, It is just a trial if you pass on then for sure you'll future is bright. Again trading is not a stagnant knowledge you keep learning over time.

Not every individual trader has to lose in the beginning, experience has been playing a part in trading from the very beginning so there's something called experience and you can get it from your personal experience or from others experience. Many traders has used other individuals experiences and it has worked for them in the past and it'll also work for them in the future. When you join your experience with that of others that are more advance than you when it comes to trading, you'll succeed.

Not everyone will be a trader so if you have tried and still not having a breakthrough then you should consider quiting and look for other means of earning from the industry that'll work for you. Maybe you would be good at spotting good investment at their early stages.

Sure learning in trading never stops even when you are an expert you still need to learn from your simple mistakes

Normally, being a professional trader is not easy, and even those who are already professionals still lose money, but they have a better chance of getting money than those who just join trading without the fundamental knowledge of trading. That is why, as a beginner, you really need to pass through a lot and focus on learning how to trade before joining the race because it is not really easy. Trading itself is something that you must have control over your emotions over. If you cannot control your emotions, then definitely trading is not for you, and you are at high risk of losing your money, which also applies to professionals.


I don’t see anything bad if someone decided to quit trading. If trading doesn’t work for him and he keeps losing money, why won’t he or she just quit? Maybe they can invest their funds in bitcoin if that will help them, and again, he may not be ready to learn the skills in trading. You know, it’s not easy, and all those technical aspects of it also need to be learned.

Everyone starts on being a noob and to those people who are considered to be professional or experts/veterans of this market arent really that excluded nor being exempted in speaking about loses and mistakes.
It did really just turn out that these fellas does have that sufficient experience and knowledge towards this market on which it would really be just that so normal that they would really be having the upperhand.
As a noob then you are really that prone or susceptible when it comes to lots of mistakes and errors basing up on the knowledge you do have which is really that lacking or not sufficient but until the time comes
that you do able to acquire those things then for sure you would really be starting out to see the relevance and sustainability towards this unpredictable space.

One we do decide on being a trader then self acceptance and perseverance and patience would really be playing a big role. You should have that control of emotions on which it wont really be leading you
into that kind of option on which you would be quitting just because you cant bare out on the risks. You wont really be seeing yourself getting progressed if you do have this kind of quality.

It's okay to quit because if trading isn't for you, you know it. In fact, most of the traders are even losing and this isn't just for those folks thinking that they can quickly cash money unless they've been here for so long and are already experienced. But honestly speaking, those beginners that are starting to trade, if you're thinking of doing this as a business, you'll have to go through a lot of losses before you'll actually start making money. It may be harsh and hard but that's really the process of trading don't be too gullible with those people sharing their wins if they are not even sharing their losses.

This is the right approach, you can't make a profit as a newbie and you could make some here and there as a lucky stuff but overall it will be a loss. The ones who make some good money as a newbie at the start will think that they are great and after a while they will lose all of it, it is just not that possible unless you started at the greatest moment of bull run.

There were some people who bought Doge at the bull run because of Elon Musk, and made a ton of money, and thought they were great traders, if they kept going, they all lost their money. I think that should be an important thing to realize, and I would guess that it will not be a simple one one the long run neither, it is just not happening at the moment.

Trading is not really easy, and every beginner has to pass through the hard times, but if you don’t give up and you keep on learning, then you will end up being a professional trader. Trading is not what you start and you will be expecting profit immediately. Most beginners always lose money when they start learning how to trade. It happened to me when I also started trading. I learned how to trade in a hard way because I had no one close to me to guide me. I was learning how to trade from videos I watched on YouTube and pdf books, which wasn’t really easy for me. I wanted to give up, but I was lucky I didn’t give up then. I know trading is not really easy, but if you are dedicated to learning how to trade, then you will definitely learn it.

Good thing that it is now gone but how far have you lose t how expensive it was to learn from it? I hope it wasn't that huge and if it is then I hope that it has already been in a win now or at a breakeven. Trading is a lifelong learning process too so you need to keep up especially within the trends.

This is quite funny but it is the reality. For you to be a winner tomorrow, you must be ready to learn now and accept your loses or else, you may be surprised of seeing yourself quiting. Quiting is not the better way for us to leave the market because we are becoming a loser. A loser today can become a winner tomorrow that is why we need to work and learn the way others are using to keep making profits.

 We need to make profits for us to be a winner. Those that are winning now are the ones we are celebrating and no one cares about those time when you are hustling and working hard to be a better trader. We should keep doing that time that is always giving us results and the more we do it, the faster we can become a better trader that keep winning.

When we enter a class room without learning a lesson then we are in tension that how we will obtain a good marks so same is with trading that when we enter for the first time so lack of knowledge can be disgrace for use but we should not stop there because its a first step towards success.

Philosopher does not achieve their rank from start, officer aren't officers initially and a successful traders are not like this by birth but they follow rules and regulations after their mistakes so hard become ease for them.

Everyone passes the stage of beginners but we are unaware of their losses and hardworking because we have seen them when they become successful so remember that you can obtain everything but on time when you worked hard then your time will start to get what you wants.

The market does not know whether you are a beginner or not, What the market recognizes or accepts is doing the right thing at the right time, Boom! You would see yourself making profits even as a newbie. However, experience graduates you into becoming better and more profitable. Therefore, you don't lose because you are a beginner, rather you lose because you are applying the wrong strategy.

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.

It is expected of every beginning to avoid trading while they are still learning, they can create some demo account while they are getting used to the whole process, it's not a must they everyone must learn it the hard way, we can go soft and slowly with learning and developed perfect trading skills, by then we would have known all they trading types together with the indications to look out for while taking a trade leverage position, yet we should also know that trading has risk, but we can reduce them to the bearest minimum level if we know what we are doing.

Yes, like me I want to continue to trade. It is wise for anyone that keep losing and wants to learn how to make profit to start using no leverage and if he has enough money, he can use averaging.

Trading is beyond emotional courage. I will advice those traders that keep losing to use the amount they will not develop emotion with to trade.

If a trade do not get it in two years, the trader should quit and do something else.

Those who learn even after suffering a few defeats are the ones who will eventually become the victors.(Provided they learn from their experience of defeat.) And those who give up after a few defeats are the real losers and have wasted experience. But those who continue to experience defeat on an ongoing basis then they are people that cannot learn from experience.

Well, when I was still trading, I experienced a lot of defeats. But I made the defeat a valuable lesson that I made as material for me to examine more deeply. I researched the causes of my defeat and I found various kinds of flaws in my previous strategy. and I started fixing it. And every time I experience defeat then I repeat the previous steps. That is studying the cause of the fatigue. So I continue to perfect my trading strategy. So that I can survive as a day trader until now. And can provide for my family. But to be honest in trading nothing is perfect with continuous profit. Because I personally sometimes experience defeat. It's just that the number of profits must be greater than the number of losses. So we have to maintain the profit percentage to be much higher than the loss percentage.

I believe everyone can do it if they keep learning and don't give up. It's just that we must not be careless and hasty in learning everything. We must study it slowly and carefully.

It all depends on the person and their conviction. If someone keeps making same silly mistake and he knows it everytime he is on trade and eventually losses his money and it repeats again and again everytime he comes back, what he needs is emotional courage to get on strong and to correct that single mistake. If we read the story of some traders, it is always like that, they never got it right even in two years of trading. Some of the big traders where disregarded by their family because they believed in themselves and got the final touch that revolutionized their trading story. It is about the persons conviction and not what we advise them to quit after two years of losses.