Topic: My experience as a beginner trader - page 5. (Read 1685 times)

seriously some people might afford to keep losing but i'm sure huge share of our population wouldn't afford loosing three time in a row otherwise they went bankrupt.
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.

If there is something we want to know or learn, let's just remember that learning is always accompanied by experience. We cannot learn if we do not experience defeat. Through experience, we can also see and realize if the style we are using in actual trade is right or wrong. We can't just learn lessons.

That's why sometimes experience overcomes what is known only through education. For those who have experience in trading, they don't know and don't notice that what others are studying, they are already applying what others are studying that they don't know they have already studied. That's why it is faster for someone with experience to understand what someone else is learning about trading because, while learning it, when someone has experience, he knows what is being referred to in theory.

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.

This is one advise I wouldn’t want to give anyone, ‘not wanting to stop!’ Even when it’s not favorable. I get it that, persistence somehow gets you there but, is it always the case? It’s what motivational speakers will want us to believe and even though I subscribe to the ideas at some instances, I don’t think it overly applies in all cases.

There comes a time when one has got to realize that, something isn’t just working, it ain’t got me and you just give up. It might take a gradual process to come to this conclusion but, not everyone are supposed to be traders.

Hence you’ve put in a good amount of effort and it ain’t working for you, gone through several courses, teachers and practices, tried various strategies and it ain’t going good for you, you can always call it a break.

If you give up then all the struggles and sacrifices you have made in trading so far (skills, capital and time you have spent) will be in vain and return to zero, so when you decide to trade at the beginning then decide not to stop until you really make a stable profit, most beginner traders not having good preparation when starting trading, this is what underlies them to quit before they even have half the insight and mentality as a trader.

No one should ever think of giving up in trading because everyone started the same way. Nobody started trading as a pro or an expert. Loses is necessary so we should not be disappointed when we make loses. Anything we make loses, we should always see it as an opportunity for us to get to the next level.

There are different level of because a trader and whatsoever level we are, we should not be dissatisfied or feel disappointed because we have not been making profits for so long. We need to remember that when thing is becoming hard for us, we need to buckle our shoes and prepare for the worse so if in case. Nothing good comes easy to us.

None other than that because we still don't have any understanding or knowledge there and it's natural because most people when new to any field will definitely be confused and have difficulties about what they should do and when facing problems or challenges they also have to think hard to get through it, for the beginning it will usually fail but that's the process where when you have managed to get through something with failure then one day you will be able to get through it easily because you already have a powerful recipe to overcome it, and none other than that you will get when you have been able to get through some of the difficulties that are there which we usually call experience.

Yes they will be able to really understand if indeed the profession as a trader is suitable for themselves, the fact is that not everyone can enter this profession, and in my opinion this also depends on the personality of the person or themselves respectively. If you are one of those people who has a character who does not want to be complicated or does not like complicated learning like trading then you will not be able to become a trader or even to become a professional trader. I think trading is only for those who are happy with new things, who like challenges and also who have a consistent character in everything. Yes, you can also learn from some professional traders who are very experienced so as not to be misguided.

Trading often starts with hurdles, firstly when someone learns trading he has to pass through many hurdles and then when someone starts to get into the market he also has to face many hurdles. And when a person came through all these hurdles, somewhere in the form of a loss while somewhere in the form of family problems, while somewhere in the form of mistakes. These hurdles normally come in the way of a person if he wants to earn something and learn something.

But if that person who faces all these problems and hurdles after that was so strong in the end as you had already mentioned above. But if a person didn't face any of the hurdles then how could he be the best of all? One should know about it and one should only know if he tries it and passes through it, only then he will be called a trader.

Trying something new does have its own challenges for some people. At the start of trying it, there are some people who fail and can correct their failures so that they become professionals in trading, but in my opinion, if we have started trading, it will be better if we really understand it well and will It is better to have a friend who is experienced in this field who accompanies us in studying it so that if we make a mistake in trading we can still correct it and return to trading and the most important thing is that we do it consistently so that we can get satisfactory results from what we have learned.

There is nothing easy about the initial trading experience. Pro traders, even if they don't immediately become professionals, now this is what really needs to be discussed, how they can successfully make a living from trading results, of course there will be a lot of bitter experiences that they have to face, so that they can survive until now. So don't be discouraged if we fail, we can correct ourselves so that we find a formula for our problems in trading, and that also requires a process that is not only short, it depends on us.

Yahoo! That's exactly what we all need!

When you're in a game, you might lose an established position, but as long as you don't lose the wicket, it's all good. Losing by runs doesn't really matter either. What truly matters is not letting your entire capital get wiped out in just a few trades.

It's not like losing in a game of chance, where you can easily bounce back. In the world of trading, if you've been consistently making good profits and then suddenly face a big setback, the road to recovery can be much tougher. Those who've faced losses early on, however, have experienced the psychological pressure and have learned to adapt to it.

From a psychological standpoint, it's important to be aware that constant profits early on can make you more susceptible to greed. When a significant loss does hit, it can be painful, but it also builds your resilience. It's like toughening up – it may hurt, but it ultimately makes you a more patient and composed trader.

You made me laugh my friend, you narrated it as if success is that easy even over time. If it's about perseverance alone, many traders would be successful today after trading and gathering experience over the years. But the repetition of the losses is the case of many to date, even for those that had spent over 10 years trading. The truth is that "many are called, but a few shall be given," this explains why there is a very high level of losers than winners. I'm not saying that a trader can't eventually become successful, but do you have all it takes? The bitter truth is that it will always happen to about 1 out of millions, which is why one should be prepared for the worst even as they trade, lose and still continuously learning.

I'm been too factual about this? Don't mind me, but that is the truth. Still, in this, I was able to become a consistent trader because I didn't give up, so it's left to you and your determination to be successful in trading. Nevertheless, be sure to have good trading strategy, management, plan and balanced psychology, they might go a long way to determine your fate in trading.

Quitter never wins and this should really be instilled into your mind that you wont really be that progressive if you wont really be that making yourself that doing such action on which you are really that afraid to take up some risks just because you dont really like on losing money which we know that this is an inevitable thing once you do touch up trading career but it doesnt mean that you would really be losing all the time and this is why we do really need to learn because once you do have a good grasps towards it or simply have lessen out the risks on losing or making bad trades then this is where you could really be able to tell that you could really be able to make it as a source of income on the time that you would really be able to take that kind of good decision making or dealing with trading.

Everyone do starts on being a noob and come in mind  that having those mistakes are learning curves on which it would really be making yourself that way more better
or enhanced. If you arent that welcoming those mistakes and errors then as i said, you wont really be making yourself that progressive but instead you would
really be just be passive or would really be having no skills to be known or would really be learnt up and this is something that not recommended.

Well said, cause there are a lot of people who's already knowledgeable enough to engaged in profitable trading, but due to they lack effort and being lazy, they doesn't have an progress to learn, cause experience is also a must in this industry, without your own growth, for sure you wouldn't last long if you only rely into anyone's calls and decision.

If you're eager to earn money, then you must be eager to learn as well. But if you find trading too draining since you would have to put analysis, skills and methods just to profit, then trading is not really for you. I'm not discouraging newbies, cause you would know this situation if you already doing trading on your own. For me, it really affects me mentally so I sticked with investing.

Its okay to loss as a beginner but you have to be careful. Though if you’re really keen about making profit there are good function that can help you as a beginner, just like copy trading feature on Bitget exchange.

I think every beginner have experienced loss in trading and had come to the point where we wanted to stop because of the failures and disappointment we've experienced. Expert traders nowadays also experience a lot of losses, but amidst all the losses, they still continue because they are willing to try and to succeed in this industry.
I believe that what makes a good trader, is a trader who is full of experiences. Because these experiences will serve as our lesson which will help us to become better traders. Always remember that failures are part of every success, and sometimes you have to deal with hundreds of losses before you acquire your first win. And this is the same in trading, there is no beginner trader who is good right away, but through experiences he/she will become a great one.

Don't be disappointed if you lose trading because when we want to trade something new there is a bit of risk involved. And once you lose, don't be disappointed because there are many experienced people who trade for a while but they don't give up and they succeed. So be patient and take time to trade and success will come.

Keep away from pessimistic and build up your confidence to be success in trading, don't make your losing controlling your self and quitting is not one solution when failure in trading exactly for beginner. I don't think all success trader right now never got loss exactly when first time with trading in cryptocurrency. They faced many time with failure but keep confidence and believe one day later will earn much profitable and trading will change their financial life. Your loss experience in trading will teach you how to be better for next time, don't give up early if you got one or two loss in trading because success way in trading is not easy and need to faced many time with bad experience.

I talk based on my experienced in trading although not really success like the other but I fight with quitting or stopping with trading after getting loss in many time.

You were on that matter, There are other traders that sincerely desire to engage in profitable trading but are too lazy to do it. As a result, they ultimately give up since they are not sincere about what they want to do. If you don't learn how to trade, it's still unlawful.

In summary, this subject is still quite broad; it doesn't just happen over night; the next day, you are fully informed while trading. Because they lack love for what they want to learn about trading, those who are eager to make money in crypto trading are also the same people who can easily give it up.

If you are a good and experienced trader, you will never lose, but you have to accept that you will lose at some point. However, people who are good at beginner trading often risk their money while trading. If you learn trading and lose money later, you should definitely give it up for a while. Because if you learn about trading and trade later but still lose money, you have a lot to lose. So you need to learn well first and then trade only then you can profit and never move forward. If you trade without learning then it is definitely high risk for you, when you learn and trade well it will be successful.