Topic: My experience as a beginner trader - page 2. (Read 1685 times)

Very normal for newbies to be that having that still being greedy when it comes to their trading sessions on which it is really just that a normal approach or reaction because due to lack of experience and knowledge then you are really that bound on losing or making mistakes due to those wrong assumptions or beliefs that you do able to see around.  Experience would be the best teacher and being a noob is something that we do all experience and there's no exemption to that. Time comes that we do make ourselves better as the  time we do get engagement with trading. Hardships and challenges are really that common.
It is really just that right that you should really be making out adjustments and would really be that just right to be that be versatile.

Experience would really be tons of ups and down because market is unpredictable. You would really be finding yourself to be that progressive as you do go forward.
We do know that once you do able to get used to on things that you are current dealing with.

To be a strong and experienced trader one must analyze the market for a long time and have good knowledge. When a new user comes to the market for trading he has little idea and not much experience about the market due to which he is always exposed to risk. Moreover we have seen many experienced traders fail in the market and lose half that's why we have to start trading with that caution. We know trading is always risky many people start trading without knowing this and sometime they lose money and get emotional. So take good advice and don't enter the market so fast but enter slowly and get higher education and then start trading.

And also it is very important to keep asking yourself why the particular news appeared at this particular time. Because timing could be a way to manipulate market as well, not only news itself. And when you put together and correlate the news and the time for those news. This would be quite helpful in understanding and analysing the situation in general.

We need to be able to recognize for what purpose we get news, probably for some purpose of manipulation, so we need to recognize how much this news can meet our expectations. News can influence the cryptocurrency market, this has always been the case, so it is worth following the news, but at the same time you need to be able to recognize how the market will react to it and how true this news may be, or perhaps it is fake.

trading isn't an easy thing you just put some investment and get profit.
successful traders are those who have patience and can control their emotions.
it is not like that experience traders will getting profit always, still they lose a lot in trading,
without mistakes or losses how as a beginner to become a professional trade that's absolutely correct to me, quitting is not a solution if you wanna real traders.

Well, it could be the hype that these scammers have been doing just to attract innocent people into trading. And because of the beginner's greed to trade and earn quick profits, then its undeniable that people easily fall on their traps and lose on their initial trading capital. And it usually happens to most of the beginner traders, simply because they don't have stable knowledge and their trading skills are not yet developed.

However, being a victim of scammers could be an eye opener to everyone that in trading, you can't trust no one but only yourself. So trade with knowledge and skills, and with the right attitude to trade, so you won't end up quitting in trading just like most of the newbies have decided to.

The things you mentioned are thorns that we need to step on, because surely every beginner will pass through it, even professional traders must have also experienced it.
But maybe for beginners who can learn from other people's mistakes it is much better, because even if he stepped on such things he knows that he will make mistakes before making decisions and learning will be much faster than a beginner who crashes into all the doors of the trip mistakes Beginning to become a trader.

Risk management, financial management and trading strategies are also necessary to learn so that every mistake that might occur we can anticipate, it will be more effective for a beginner who wants to learn.

Hahaha seems like you lost a lot of funds and now you have gained some experience. I appreciate your tolerance and your words spreading positivity and taking every step will make you closer to the "Gone are those days". As a beginner working hard and losing funds after that continuing working and not losing hope is a very difficult thing and every person does not tolerate it. When someone starts trading he will face many hardships and issues will arise but if he does not lose hope then he will be going towards the legend of trading. we think that only beginners will lose funds but sometimes those who believe that they are the master in trading also losing funds because the market is so volatile and your small mistake will make you a huge loss so be careful with that and never fall in overconfidence.

Totally agreed mate ,I cant count the number of accounts i have blown up back then as a beginner trader  .It takes alot of time and effort for one to become good at trading ,The skill is not that easy as it is advertised by any many people on the internet it takes alot of knowledge and patience for one to become a consistence and profitable trader.

When someone faces failure in the trading they do, of course everyone has a different way of resolving the failure they experience in trading, there are some people who will not learn from the mistakes they make and there are also some people who correct the mistakes they make so that they get profit from the trading they do.

If someone trades only based on following other people and they don't have the slightest understanding about trading, of course they won't be able to survive the trade for long because they will definitely fail in trading and also they won't like trading because they have failed from the trade they made.

Thinking about stopping when you are involved in a trade that always results in losses is wrong, but the step you have to take is to stop for a moment and correct yourself from where the mistake arises so that it always results in a losing trade. On average, new traders experience losses when they try to learn trading, but over time this can be overcome slowly because it is natural that at first they are still learning. As time goes by, experience and knowledge will bring them to a maturity stage in trading and therefore experience is needed to make a better trader.

If they have entered 3 or 4 years of trading but still continue to experience losses then the advice we can give is to stop because it may not be our trading skill. Rarely do we find people who consistently learn but will experience continuous losses in trading because even though trading is difficult, if you learn it properly, people will definitely know how to do it.

Definitely agree. Meme coins are indeed something that is tempting and often very hyped, thus making more and more people interested in investing. But basically, this is a very risky thing. Yes indeed, all crypto investments are certainly risky. But with meme coins, they are quite high risk, especially because they are packaged in such hype that it makes people experience FOMO. And the effect is a huge loss of money for newbies or anyone who doesn't understand how to make use of the meme coin hype period. And this is indeed like gambling, sometimes you are really lucky to get extraordinarily high profits but also end up doing the opposite, falling into a very deep abyss until the price can no longer come back. And this is also a matter of the right moment to buy and sell it, so that when it is too late to take profits, it could be that we have really lost the moment.

Of course, learning to trade uses real money, some people who stop may have their own reasons, for example there is no capital and other things that make them unable to trade anymore.

Everyone responds to failure in trading differently. some of them fail because they don't know anything about trading and crypto. There are also those who are wrong in determining trading strategies. and it requires improvements that will keep them in the market with other learnings so that their trading skills improve.
It's different for those who don't know about trading or even crypto. they follow trends that are cool in their environment. such as friends or family. it arouses curiosity so they try it. without knowledge and skills. of course, continuous losses will make them choose to exit the trade and will not return.

In the beginning there will always be losses, so it’s worth starting with a small amount, I think 100-300 dollars will be enough to start with, to identify the main mistakes for yourself and not worry too much about the money that will be lost.

This does not guarantee that there will be no losses in the future, it’s just that very serious mistakes may be made at the beginning, and in the future you will be able to avoid them. Trading is a complex activity, it seems to me that if you approach it with the proper attitude, devote enough time, and strictly follow the rules, then you can achieve a certain profit, for each of course this will be individual.

I think even those who have traded and experienced losses will still be interested in learning more, because they feel they can do it at a later stage, but there are some who have tried many times and it seems like they have stopped, either for a moment or completely.

depends on whether the first failure that we are talking about gonna be draining us out of our wealth, as a beginner trader sometime just outright put out all their money into their first trading, they literally one bad decision away from bankruptcy and definitely couldn't go on continuing their trading career with no money and their "experience" gained from 1 bad decision.
but overall indeed people will get better from learning their mistake, sometime learning from book doesn't really give the impression to them so experiencing loss would teach them a lesson.
but we should know that even if we are experienced trader that has incurred loss, doesn't guarantee that we will have smooth sailing trading in the future, market is ever changing variable that gonna confuse the hell out of many people trying to profit off some small margin, or you can say, daily traders.

Yes actually in any field when our status is still a newbie then obviously everything goes like very heavy, none other than because we have just entered the profession or field along with the many limitations that exist within us related to the profession, and also in addition to the field you choose is trading where not everyone can be involved in the world of trading because of the difficulty of learning that is there, but yes as you said all this is just about time, if you continue to be consistent to learn over time then you will believe that the process will never betray the results.

On the other hand, yes, this profession is quite difficult because it is not only preparing something from a physical point of view but more organizing everything in ourselves such as being more responsible and also training mentally and psychologically so that it can be stronger to minimize the chance of risk if it happens later. And yes that's right buddy, so the point is just live it, never give up in terms of learning, it's not difficult but you need time to adapt to all environments related to your new profession, the key is to be patient, consistent in learning then you will be able to enjoy the satisfaction when you have managed to get consistent profits like a professional trader.

Oh, I totally get it! Sometimes, when we're in the 'newbie' position, it feels tough, but it's really just a matter of time and learning. Getting through it can seem a bit challenging because we're diving into something new. For those who enjoy new things and have some talent, it's even easier.

I've started to see a new perspective on being a 'newbie.' Instead of it being all about facing failure, I now think of it as a matter of time. Being patient and enjoying that time doesn't seem harder than never moving forward at all.

except learning from experience in trading journey would cost you hefty amount of money, you know not everything need to be learned from first hand experience, you could be learning the guide to trades and its quirks and save some bucks for your future trading journey and it will make no difference compared to learning from first hand experience because you know what is the mistake and what is the outcome.
I've indeed seen many people that have learned not to get scammed by getting scammed first, also not getting greedy by getting greedy first especially in trading career but i've also know that many of them don't come back into trading because they just already drained their capital just for the sake of getting that experience and learning from it, is it worth it? I don't think so.
had they learned trading and its quriks they would've not lost all that money just for simple mistake.