Topic: My experience as a beginner trader - page 4. (Read 1704 times)
As beginner and old traders, Trading not something you can control that easily,Normally as a trader you are band to loss. Losses is not something you can easily neglect, But doesn't mean you can't manage or reduce it. That why at first before starting trading you must make sure you're well prepared for any thing, And the other thing you should know is that learning and gaining more knowledge in trading never ends.Because every day as a trader you learn, through losses or through profiting. Because no matter are you claim to be experienced in trading. Meh you still gonna loss, funny thing and also the dangerous mind set about New traders They are blinded with 'I'm going to make it big real fast' And that mindset only causes more losses I can relate lol 😅,So as an inexperienced trader you should focus on trading spot first before thinking of jumping to future. No matter what quitting is truly NEVER an options focus on achieving your goals.
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.
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.
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.
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.
Yes that's right. Mistakes in trading are normal, but with the condition that you have to learn from these mistakes and turn them into experience. Because for trading you don't only need to learn to know the fundamentals of the coin you want to trade, but as a beginner trader there are usually lots of mistakes and with these mistakes you can learn to be better if giving up will make you lose.
When you decide to become a trader, your financial literacy will indirectly increase, of course in the right way. Analysis is important, it doesn't need to be as detailed as it is, the most important thing is that the source you get is a trusted source and you can analyze it independently, don't be taken in by "he said, he said."
Crypto trading is not easy, flying hours determine it. Start from crypto screening to select coins and enter the watch list based on fundamental analysis, technical analysis including news/trends. Then the timing of when to enter technical analysis. And money management, don't forget to maintain your psychological health as a trader.
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.
At the height of begining in investment and in trading, it is not a mandatory that everyone must fail to learn.
If there must be experience to take conciousness about, it could be of one learnt from others by admitting to enquiries and consultations.
Meanwhile... The failing on investment is sometimes on based on the fact that one does not devote passion on the sector of the investment before considering learning about the educational and marketing Strategic system of the processes.
However, you could at times get to extremely knowledgeable on the system but the crawling of the market could trigger you stake to loose due to unsettlement and persistence to patient.
The awareness of failure is a must key point to carefulness and to stand firm else it would be a weakening backup you falls and harden to be up again but if you can mastermind the floor and being adaptive to the system as a matter of fact, the slippery wouldn't be a threat to your walk through with your stainless garment.
If there must be experience to take conciousness about, it could be of one learnt from others by admitting to enquiries and consultations.
Meanwhile... The failing on investment is sometimes on based on the fact that one does not devote passion on the sector of the investment before considering learning about the educational and marketing Strategic system of the processes.
However, you could at times get to extremely knowledgeable on the system but the crawling of the market could trigger you stake to loose due to unsettlement and persistence to patient.
The awareness of failure is a must key point to carefulness and to stand firm else it would be a weakening backup you falls and harden to be up again but if you can mastermind the floor and being adaptive to the system as a matter of fact, the slippery wouldn't be a threat to your walk through with your stainless garment.
There are people who do just let those mistakes and errors do continue and doesnt really have any plans on making out some adjustments despite of those losses then this is someone that cant really be that progressive
and would continously be losing up money until he would really be making conclusions that he's not really that successful on trading field.Whereas, into that someone whose really that good when it comes to adjustments on which this is really that something that needs to be done in the first place if you are really that serious when it comes trading.You would really be needing to adjust if you would really be needing to sustain or else then you would really be keeping on making on the same mistake again and again and this is something not would really be good on your bank.
Therefore, it would really be just that good that you would really be doing things on what are the right steps that should be done.Even though this market is unpredictable but doesnt mean that it isnt something
that could be handled up well. Its up really to you on what are the adjustments that you would really be making and what are the things that you would gonna do.
You cant really just be that so confident basing up on whats up or the thing into your mind.
and would continously be losing up money until he would really be making conclusions that he's not really that successful on trading field.Whereas, into that someone whose really that good when it comes to adjustments on which this is really that something that needs to be done in the first place if you are really that serious when it comes trading.You would really be needing to adjust if you would really be needing to sustain or else then you would really be keeping on making on the same mistake again and again and this is something not would really be good on your bank.
Therefore, it would really be just that good that you would really be doing things on what are the right steps that should be done.Even though this market is unpredictable but doesnt mean that it isnt something
that could be handled up well. Its up really to you on what are the adjustments that you would really be making and what are the things that you would gonna do.
You cant really just be that so confident basing up on whats up or the thing into your mind.
I am not sure if I got all of your post correctly, because I faced some trouble to understand your English writing style, too much "would" and "really" and "adjust" for me, to be honest. But from what I could conclude, your main point is that confidence is not something attachable to trading. Yes, we cannot say about being confident about the actions you make on the market, but we definitely can say about consistency and adherence to the chosen strategy with its subsequent correction. This is the only way to learn the elements of trading and feel like you can succeed one day.
There are no experience mate 
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 "
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 " It's a great idea to keep learning by keep losing but who will compensate for the losses in the process? It is not advisable to keep your trading activity alive if you keep losing trades. If your situation is not improving then you should stop trading and keep analyzing your old trade record to find out what's wrong with your strategy. Perhaps you should think about using a demo account to test your strategy again and again.
You can take a break. Trading will always be there. It’s only you who can compensate for your losses so you have to take a step back, maybe chill out for a bit. Reflect on your trades, see what went sideways, and learn from it. There must be something that you have to do differently if you keep on losing. Rhat’s why its a good thing we have this kind of forum. Trading journey is given to be tough but with determination and a continuous effort to learn and adapt, a beginner can navigate the complexities of trading and improve skills over time.
Working on mistakes in trading and compensating losses involves not only revising and analyzing your strategy. And not only in changing the approach and using other tools. This is also about big work on your internal qualities, on your expectations, endurance, patience, emotions. And it is failures in this work that most often become the cause of unsuccessful trading. Although another trader using the same analysis tools may succeed, because his soft skills allow him to do this.
and would continously be losing up money until he would really be making conclusions that he's not really that successful on trading field.Whereas, into that someone whose really that good when it comes to adjustments on which this is really that something that needs to be done in the first place if you are really that serious when it comes trading.You would really be needing to adjust if you would really be needing to sustain or else then you would really be keeping on making on the same mistake again and again and this is something not would really be good on your bank.
Therefore, it would really be just that good that you would really be doing things on what are the right steps that should be done.Even though this market is unpredictable but doesnt mean that it isnt something
that could be handled up well. Its up really to you on what are the adjustments that you would really be making and what are the things that you would gonna do.
You cant really just be that so confident basing up on whats up or the thing into your mind.
Failing at the beginning or when you are just learning is a very common thing and is also quite a good thing because everyone can learn this as a very valuable lesson for them. On the other hand, every successful person is someone who never stops learning and trying even though they have failed at the beginning of their learning, because these failures have become the key for anyone to get to a more successful place. So never stop when you fail, even if it's not once, because when someone immediately stops when they fail, it will always be difficult for them to start again.
A beginner will make a huge number of mistakes, so from the beginning you need to trade with a small deposit, so that the mistakes made do not become a disaster, that will leave the trader without money.
My dear, there is no time you can ever compare a beginner in every business to an old business person, not if in the Bitcoin trading or investment alone ok,a beginner is always a beginner,but the most important thing is that as a beginner you need to be patient and keep trying and the more you keep trying the more you are getting stronger ok.
As a beginner always ready to accept any challenges you may come across with, been mistake or not growing fast like others, because there's a alot of process you need to undergo to become the part and perce of the business you are into and all this time you deserve patient focus and remain steadfast and move on ..
Again: sometimes a beginner May not have experience mistake in his or her investment or trading on Bitcoin business due to our carefulness,but sometimes we invite mistake by ourselves,due to selfish interest,or over greediness,in the sense that we want to be like okafor at the beginning without thinking of the implications as a beginner, that okafor did start today and become rich over night, rather he passed the due process,and such thinking can make one to make a mistake on trading Bitcoin or investing on it.. because you are totally novies ....
As a beginner always ready to accept any challenges you may come across with, been mistake or not growing fast like others, because there's a alot of process you need to undergo to become the part and perce of the business you are into and all this time you deserve patient focus and remain steadfast and move on ..
Again: sometimes a beginner May not have experience mistake in his or her investment or trading on Bitcoin business due to our carefulness,but sometimes we invite mistake by ourselves,due to selfish interest,or over greediness,in the sense that we want to be like okafor at the beginning without thinking of the implications as a beginner, that okafor did start today and become rich over night, rather he passed the due process,and such thinking can make one to make a mistake on trading Bitcoin or investing on it.. because you are totally novies ....
Many new traders lose money because they allow their emotions to get the hold of them. When the price moves against their trade, they panic. They either exit their trade too early or hold on for too long, hoping it will turn in their favor, but the market does what it wants. If they exit too early, trading fees can eat up their funds because they end up with many break-even trades.
So, it's best to trade without emotions or set your trade and step away from your computer.
There are no experience mate 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 "
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 " It's a great idea to keep learning by keep losing but who will compensate for the losses in the process? It is not advisable to keep your trading activity alive if you keep losing trades. If your situation is not improving then you should stop trading and keep analyzing your old trade record to find out what's wrong with your strategy. Perhaps you should think about using a demo account to test your strategy again and again.
You can take a break. Trading will always be there. It’s only you who can compensate for your losses so you have to take a step back, maybe chill out for a bit. Reflect on your trades, see what went sideways, and learn from it. There must be something that you have to do differently if you keep on losing. Rhat’s why its a good thing we have this kind of forum. Trading journey is given to be tough but with determination and a continuous effort to learn and adapt, a beginner can navigate the complexities of trading and improve skills over time.
Working on mistakes in trading and compensating losses involves not only revising and analyzing your strategy. And not only in changing the approach and using other tools. This is also about big work on your internal qualities, on your expectations, endurance, patience, emotions. And it is failures in this work that most often become the cause of unsuccessful trading. Although another trader using the same analysis tools may succeed, because his soft skills allow him to do this.
Even after learning trading, most traders fail. This does not mean that they will sing new songs. Here newcomers may panic and lose their wealth in excitement. But old traders also take advantage of bad market times. They learn about bitcoin every day. After repeatedly failing, he started anew. They don't need to sing new songs.
Failing at the beginning or when you are just learning is a very common thing and is also quite a good thing because everyone can learn this as a very valuable lesson for them. On the other hand, every successful person is someone who never stops learning and trying even though they have failed at the beginning of their learning, because these failures have become the key for anyone to get to a more successful place. So never stop when you fail, even if it's not once, because when someone immediately stops when they fail, it will always be difficult for them to start again.
Even after learning trading, most traders fail. This does not mean that they will sing new songs. Here newcomers may panic and lose their wealth in excitement. But old traders also take advantage of bad market times. They learn about bitcoin every day. After repeatedly failing, he started anew. They don't need to sing new songs.
I think you understood emotions in trading the way I do . Emotions plays a major role even in entering trade , emotions can push you to enter a trade you are not supposed to , emotions can make you to stay in a trade which you supposed to optout . As a beginner trader you will always fall in for this emotions there's no way, that's just the fact!
Many new traders lose money because they allow their emotions to get the hold of them. When the price moves against their trade, they panic. They either exit their trade too early or hold on for too long, hoping it will turn in their favor, but the market does what it wants. If they exit too early, trading fees can eat up their funds because they end up with many break-even trades.
So, it's best to trade without emotions or set your trade and step away from your computer.
Everyone has a starting point be it small or big, we all have were we started from and how we have passed through the curdles of learning to have achieved the position and state of were we are today, when we do the right and normal things, we will never regret our decision in life, just as every glory we see today has a story behind it, we need to pay the price bow or later when it would have been too hard or too late to start from somewhere.
Since bitcoin can be purchased according to your budget, you can keep buying until you are satisfied. Trading involves risk, though, so management of risks should be taken into account, so you can always trade with a small amount of money. If you want to buy and hold Bitcoin, it is best to start big so that you can better understand the whole structure and also know what section you want. It is never too late to begin using Bitcoin you can do so at any time. The only consideration is that if you want to buy bitcoin to hold it, you should do so when the price is low. It is the situation that should be taken advantage of so that there won't be regrets. that is exactly what happened when Bitcoin was still 5000 dollars the opportunity is here again.As traders in the crypto business, we must know that we have a crypto purchase that we want to make. And we should also know what category we are in as traders—long-term or short-term traders? This is something that we individuals in the trading industry should know.
Then just start trading with a small amount, especially if you're just starting out; you don't need to use a large amount right away, although it's still our choice to prevail in the end. So, at least through our experience, we can learn there for sure.
There are no experience mate 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 "
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 " It's a great idea to keep learning by keep losing but who will compensate for the losses in the process? It is not advisable to keep your trading activity alive if you keep losing trades. If your situation is not improving then you should stop trading and keep analyzing your old trade record to find out what's wrong with your strategy. Perhaps you should think about using a demo account to test your strategy again and again.
You can take a break. Trading will always be there. It’s only you who can compensate for your losses so you have to take a step back, maybe chill out for a bit. Reflect on your trades, see what went sideways, and learn from it. There must be something that you have to do differently if you keep on losing. Rhat’s why its a good thing we have this kind of forum. Trading journey is given to be tough but with determination and a continuous effort to learn and adapt, a beginner can navigate the complexities of trading and improve skills over time.
Everyone has a starting point be it small or big, we all have were we started from and how we have passed through the curdles of learning to have achieved the position and state of were we are today, when we do the right and normal things, we will never regret our decision in life, just as every glory we see today has a story behind it, we need to pay the price bow or later when it would have been too hard or too late to start from somewhere.
Since bitcoin can be purchased according to your budget, you can keep buying until you are satisfied. Trading involves risk, though, so management of risks should be taken into account, so you can always trade with a small amount of money. If you want to buy and hold Bitcoin, it is best to start big so that you can better understand the whole structure and also know what section you want. It is never too late to begin using Bitcoin you can do so at any time. The only consideration is that if you want to buy bitcoin to hold it, you should do so when the price is low. It is the situation that should be taken advantage of so that there won't be regrets. that is exactly what happened when Bitcoin was still 5000 dollars the opportunity is here again. 
Everyone has a starting point be it small or big, we all have were we started from and how we have passed through the curdles of learning to have achieved the position and state of were we are today, when we do the right and normal things, we will never regret our decision in life, just as every glory we see today has a story behind it, we need to pay the price bow or later when it would have been too hard or too late to start from somewhere.
And from that point of start, most traders that are new to it are likely to quit. No matter how easy or hard it is but when they realize of what they tried to do, the discouragement is bigger than encouragement. But those that becomes successful on it, have gone through a lot of hurdles and it's not easy pavement for most of them.
It's fine to check yourself when you really can't do it as not all traders are making a lot of money on it. Most are losing and those that are staying get bares enough and that's one big reality.
There are no experience mate 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 "
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 " It's a great idea to keep learning by keep losing but who will compensate for the losses in the process? It is not advisable to keep your trading activity alive if you keep losing trades. If your situation is not improving then you should stop trading and keep analyzing your old trade record to find out what's wrong with your strategy. Perhaps you should think about using a demo account to test your strategy again and again.
capital need to come from somewhere even using demo account doesn't help either because they are just wasting your time mainly because these aren't real trading where your emotion will get heavily influenced due to the fact that you are using your hard earned money and risking it.
learning from other mistake is enough in my opinion and if you keep losing after that maybe you just don't have the talent and might consider switching to investing.
Financial management will be very influential in this case, maybe we can allocate a small amount every month and it should be maximized. But the problem will come again, where mental pressure will exist when we continue to experience losses. A thing that is difficult to avoid especially if the one who does it is a beginner or a person who is new to trading.
Everyone has a starting point be it small or big, we all have were we started from and how we have passed through the curdles of learning to have achieved the position and state of were we are today, when we do the right and normal things, we will never regret our decision in life, just as every glory we see today has a story behind it, we need to pay the price bow or later when it would have been too hard or too late to start from somewhere.
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