My experience as a beginner trader - page 3.

kingvirtus09

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Quote from: boty on November 12, 2023, 06:27:36 AM

Quote from: Zigabel on November 12, 2023, 02:16:04 AM

Quote from: promise444c5 on August 30, 2023, 05:34:31 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

No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.

Those who have succeeded in making a profit from trading but are still studying it so that they have good knowledge about the trading they are doing, because if they no longer study it and when there are problems they encounter then they will experience difficulties because they have not studied it.
You are right, those who correct the mistakes they make in trading will of course be even better at the trades they make because they already know how to avoid the losses they have experienced.

It doesn't mean that we already know a lot about trading, so let's just rely on what we already know. It's not like that, of course. Even at the point where we are making a profit from trading, we should not stop learning about crypto trading.

The more we experience profit here, the more we encourage you to continue learning about trading somehow. You never stop learning; instead, continue to learn to grow more in the future.

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Quote from: Zigabel on November 12, 2023, 02:16:04 AM

Quote from: promise444c5 on August 30, 2023, 05:34:31 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

No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.

Those who have succeeded in making a profit from trading but are still studying it so that they have good knowledge about the trading they are doing, because if they no longer study it and when there are problems they encounter then they will experience difficulties because they have not studied it.
You are right, those who correct the mistakes they make in trading will of course be even better at the trades they make because they already know how to avoid the losses they have experienced.

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Quote from: promise444c5 on August 30, 2023, 05:34:31 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

No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.

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Quote from: promise444c5 on August 30, 2023, 05:34:31 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

Confused, fearful, FOMO, freaked out, disappointment, unsatisfaction, losses, etc.—let's put it in a simple word: total disaster. I know most people started with these kinds of mixed feelings, but it will clear the path in the future. Early trading is not even easier either. Scammers have been the major headache from the beginning until now. There is no doubt that beginners will fall for their trick easily without even thinking. And telling the truth honestly, the major reason why many people entered the crypto market was due to scammers. I don't know how much you earned or sacrificed in your beginning journey, but here you are, so remember those days with pride and keep going.

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Quote from: knowngunman on November 02, 2023, 03:21:00 AM

Quote from: promise444c5 on August 30, 2023, 05:34:31 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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.

It means that the best teacher for us to learn from is the one we turn to every time we make a mistake. Because it teaches us and also makes us realize that what we did should not be done or repeated. Rather, it helps us bring out our true potential.

So, the saying that experience is the best teacher is true. So even from Op's experience, we also have a lesson to be learned in reality. as long as the important thing is to never stop learning and instead continue to learn.

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Quote from: knowngunman on November 02, 2023, 03:21:00 AM

Quote from: promise444c5 on August 30, 2023, 05:34:31 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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.

Whether we are interested in learning from other people's mistakes, the most important things is that we are still going to make our own mistake so we can have the experience as a crypto trader. Trading needs a great knowledge and experience for us to reach a level where we don't make too much loses in the market. As a beginner or newbies, we need to be prepared to learn and also ask questions so that we can learn those things we don't understand. Having a mentor as a newbie will help us to understand the market and how it works.

knowngunman

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Quote from: promise444c5 on August 30, 2023, 05:34:31 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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.

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Quote from: promise444c5 on August 30, 2023, 05:34:31 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

New traders face the most losses in trading. Without any thought they directly participate in trading just for the purpose of earning money and they are forced to lose their wallet. If trading is possible then one must have knowledge about the market and subsequently about various exchanges. Trading according to the season is definitely possible to be successful. Although currently time trading is definitely profitable as the market is most up and down during this period. And the more a trader trades, the more experienced he is and the less likely he is to lose, because trading is successful if he can research the market.

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Quote from: Ahli38 on October 30, 2023, 09:22:50 PM

Quote from: Inwestour on October 27, 2023, 06:10:22 AM

Quote from: Ahli38 on October 27, 2023, 04:15:49 AM

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

So true. Discipline also plays an important role in trading. Because no matter how good the analysis we have made, we have careful planning and we also keep a journal to see our trading performance. But none of this will work properly if we ourselves are not disciplined in carrying out the trading plans that we have created ourselves. And talking about discipline is actually also closely related to emotional management and related to our own mentality. For example, we have a profit target and stop loss target. But because our mentality is weak, sometimes we sell when the profit target has not been met or sometimes we become greedy and want more profit and miss the profit target that we have set and planned from the start. Well, discipline disappears here because we are not good at managing our emotions and mentality.

But I was also in a situation like that. In fact I learn more slowly. It took a few losses until I finally learned everything properly. And it turns out that increasing experience also strengthens our mentality and makes us more adept at managing our emotions and when we are good at managing our emotions and our mentality is strong, we can become more disciplined.

No only on trading but also in other aspects or things that you would really be encountering along the way on which you would really be needing that kind of discipline or control of things on which you would really be needing such thing to assess out whether you should really be that continuing or would really be that holding into your position.In speaking about trading then there's still so much things that needs up to be learnt or simply
you would really be needing up that kind of common sense and trying out to adapt on what are the things that should really be needing to be done so that you would really be able to make yourself that
hover out without much of a problem because if you dont really that mind on what those things along the way then it would really be that a huge problem.

Being new into this industry then it would really be that hard which it would really be just that normal, therefore you would really be needing up that sensible way on how to approach and act
things accordingly. You cant really just that make yourself that rush into things without proper understanding on things or situations that you are into.

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Quote from: promise444c5 on August 30, 2023, 05:34:31 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

Everyone has experienced losses in trading, especially if they are still beginners, almost everyone has felt it and it is true that the steps you take should never stop. What you convey is reality and this is expensive knowledge from failure.

Coincidentally, I am also in the failure phase in trading and most beginner traders have the wrong mindset from the start, namely wanting to get rich quickly. Maybe this was my initial mistake, but I prioritize looking for techniques, analysis and the latest information, of course learning from experience.

The key to trading is in your mindset. If your mindset is good then your psychological condition will be good, so you can control yourself when you enter the market. because it is not uncommon for traders to be psychologically damaged, resulting in high levels of greed and self-confidence resulting in losses.

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Quote from: Inwestour on October 27, 2023, 06:10:22 AM

Quote from: Ahli38 on October 27, 2023, 04:15:49 AM

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

So true. Discipline also plays an important role in trading. Because no matter how good the analysis we have made, we have careful planning and we also keep a journal to see our trading performance. But none of this will work properly if we ourselves are not disciplined in carrying out the trading plans that we have created ourselves. And talking about discipline is actually also closely related to emotional management and related to our own mentality. For example, we have a profit target and stop loss target. But because our mentality is weak, sometimes we sell when the profit target has not been met or sometimes we become greedy and want more profit and miss the profit target that we have set and planned from the start. Well, discipline disappears here because we are not good at managing our emotions and mentality.

But I was also in a situation like that. In fact I learn more slowly. It took a few losses until I finally learned everything properly. And it turns out that increasing experience also strengthens our mentality and makes us more adept at managing our emotions and when we are good at managing our emotions and our mentality is strong, we can become more disciplined.

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Quote from: Pingrapole on October 28, 2023, 06:18:49 AM

Actually true story90% of people fail in training I am talking about many experienced people I know who have done very well in trading in past days but still they fail because trading is not new and ancient here Any human can fail so you need to gain experience and be patient before playing here now if you come to trading with small capital and if fail Then it is natural that you will not have the courage to do anything later So think newbies should invest in Bitcoin with spread knowledge without going into trading and wait diligently and go to work.

Yes I agree, because beginners tend to lose money at first because they skip a lot of prcess such as training and such, there are demo acoounts in every trading platform but they choose to trade in a live acoounts you which resulted to lose of capital and lead them to quit. Good traders start as a beginner and experienced lose even they have years of experience in trading, thars right we never know what will happen in the market so lossing a trdae is a common, its will depends on how will the trader cope up. Anyway trading journey is not an easy thing, Its good that the op has a good mindset and optimistic side which will be useful for him to cope up whenever he faced lose trade. I personally cant consider myself a professional trader as I still experiencing lose trade which is the fault of the market.

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Actually true story90% of people fail in training I am talking about many experienced people I know who have done very well in trading in past days but still they fail because trading is not new and ancient here Any human can fail so you need to gain experience and be patient before playing here now if you come to trading with small capital and if fail Then it is natural that you will not have the courage to do anything later So think newbies should invest in Bitcoin with spread knowledge without going into trading and wait diligently and go to work.

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Quote from: Inwestour on October 27, 2023, 06:10:22 AM

Quote from: Ahli38 on October 27, 2023, 04:15:49 AM

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

I have a list of rules that I learned and made over time, And there I written in huge red bold text that never break a single rules listed here. But in last after getting loss after loss, I break them sometimes I profit from breaking the rules but most of the times I bust my whole account, So it is important to build discipline and patience gradually. Trading is a game of patience if you are young you have strong desire to get rich quick then sorry, trading is not for you, trading is for people with patience and discipline. I am now becoming a little disciplined following my rules. but who knows in future i will break them or not.

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Quote from: Dimitri94 on October 24, 2023, 08:10:04 AM

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

Traders who would like to join the world of trading without prior knowledge and lose their assets are the most often quit this trading industry possibly the reason is they cant afford to lose, and not interested anymore. Some of them keep continuously learning with trading, they learn from themselves or hire trainers or coaches so they can really learn. Actually, a lot of information in the internet all you need is to have the will to learn you don't need to hire other people anymore. It is survival of the fittest only the people who have the will to earn in trading will reach those profit they want.

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Quote from: Ahli38 on October 27, 2023, 04:15:49 AM

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

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Quote from: kingvirtus09 on October 25, 2023, 07:48:57 AM

There are many things to consider when we enter the world of real trading. We must be prepared and aware of every wrong strategy that we can use in actual trading here in the crypto space. And with every mistake, we have a lesson to learn. There can't be nothing, because with every mistake, our knowledge is sharpened on how to approach us correctly so that we can get a profit in trading.

Every thing is like that, meaning that everyone who wants to take action in trading with a certain strategy is not expected to feel afraid of mistakes in their strategy. Because everyone can always learn from mistakes when everyone is willing to accept these mistakes as lessons that will direct them to a better path and I quite agree with what you said.

Quote

And with every experience we have, even if it's good or positive, we still learn something from it. Actually, it seems that everything becomes balanced in every action and decision we make, whether it's right or not.

Usually, one mistake we have made will make us more mature in facing all conditions by continuing to make improvements to other work as a whole. Because the first mistake is a lesson that must be remembered when you want to do anything new in all sectors, including in very real trading sectors such as the crypto market.

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Quote from: lienfaye on October 27, 2023, 02:47:19 AM

There are weak traders who are easily discourage when they failed in trading. It's understandable if they don't want to continue and will just decide to quit since we have different mindset and approach when we trade.

However, if you're this kind of trader who can't stand having an experience where you lose then you can't learn. Knowledge is a must in trading and experience will give a lesson to be a successful trader. Trading might not be suited for all, but isn't it better to try first? Than quitting at an early stage.

Courage is the only way by using which a person can achieve his desired goals so it is necessary that take a lesson from your mistakes and losses and then move on because these little mistakes can become step for you towards victory. There are large number of individuals who never attain their goals because they are afraid that their money will be lost.

I think that losing of little percentage is necessary sometimes because in future you will always avoid to repeat these mistakes. By leaving one field due to negative thoughts will make you emotionally disturbed so whenever you find that certain field is successful but has some risks then you will never accept it because you will feel fear always and will think negatively instead of the fact that better side also exists here.

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Quote from: Dimitri94 on October 24, 2023, 08:10:04 AM

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

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Quote from: Dimitri94 on October 24, 2023, 08:10:04 AM

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

There are weak traders who are easily discourage when they failed in trading. It's understandable if they don't want to continue and will just decide to quit since we have different mindset and approach when we trade.

However, if you're this kind of trader who can't stand having an experience where you lose then you can't learn. Knowledge is a must in trading and experience will give a lesson to be a successful trader. Trading might not be suited for all, but isn't it better to try first? Than quitting at an early stage.

Topic: My experience as a beginner trader - page 3. (Read 1685 times)