My experience as a beginner trader - page 6.

AYOBA

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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

Mate, be patient. Sometimes the worst must be endured in order to obtain the finest. Before entering the trading industry, you must educate yourself so that you grasp the abilities of trade and how they work. Because information is your most powerful weapon in combating your fear of uncertainty.

Before you begin anything in this place, you must understand technical analysis, in terms of trading you must decide how much you can spend without jeopardizing your financial stability.

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Learning never stops!

Quote from: Dr.Osh on October 13, 2023, 08:34:40 AM

Quote from: inthelongrun on September 13, 2023, 08:22:13 AM

OP, your motto about quitting is not an option might be dangerous. Hopefully, you're not getting emotional right there because that will be the time that you might break your earlier plan like putting in more money that you can only afford to lose. I'd been on and off on trading although I can say that I am not really that good. The only time I had great profits was during major bull runs which are the year of bitcoin halving and its following year. At present, I have a small position in the future that is more than a week already because I am hardheaded instead of just waiting to make trades next year and 2025.

Yes, I also believe the saying that trading is not made for everyone. Many people have tried it and didn't like it. However, for those who are interested in trading, and want to become professionals, then stopping is not something that needs to be done. Maybe the OP wants to convey this.
People who want to become professional traders need to be aware of all the risks involved in the world of trading before they start, so I think that they already have the basics of trading. It's just that making profits and losses is a normal thing in the world of trading. Maybe what he means by quitting is quitting trading and looking for another job. However, people who are experienced in the world of trading will most likely stop when they see the potential for something that will benefit them, or they will stop temporarily to minimize risk. In this case, some people call it a strategy in trading, stopping for a moment to see market movements before starting again.

Yes that's it ask millions of successful traders they were once in a shoe when they should have thought of quitting rather they take it not as an option but as a strong teacher and I will add this
It's always okay to rest not quit.
There's nothing like trading it's not for me so far you've tried it unless you are to lazy to learn which it should clearly state your motive as a quick money searcher Grin

.

YOSHIE

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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

Crypto trading is not just talking and watching, it requires learning the basics to make trading more perfect. For me, the knowledge of crypto trading never ends, There are just tricks and ideas for trading to develop rapidly. What you said OP there are points that can be concluded, namely: learn.

I always stick to the word experience, you could say it is an invaluable teacher, with experience I can learn better to trade crypto from one point to another, From one method to another, experience is a valuable lesson for me, so continue trading with the knowledge you have in order to become a true trader.

Dr.Osh

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Quote from: inthelongrun on September 13, 2023, 08:22:13 AM

OP, your motto about quitting is not an option might be dangerous. Hopefully, you're not getting emotional right there because that will be the time that you might break your earlier plan like putting in more money that you can only afford to lose. I'd been on and off on trading although I can say that I am not really that good. The only time I had great profits was during major bull runs which are the year of bitcoin halving and its following year. At present, I have a small position in the future that is more than a week already because I am hardheaded instead of just waiting to make trades next year and 2025.

Yes, I also believe the saying that trading is not made for everyone. Many people have tried it and didn't like it. However, for those who are interested in trading, and want to become professionals, then stopping is not something that needs to be done. Maybe the OP wants to convey this.
People who want to become professional traders need to be aware of all the risks involved in the world of trading before they start, so I think that they already have the basics of trading. It's just that making profits and losses is a normal thing in the world of trading. Maybe what he means by quitting is quitting trading and looking for another job. However, people who are experienced in the world of trading will most likely stop when they see the potential for something that will benefit them, or they will stop temporarily to minimize risk. In this case, some people call it a strategy in trading, stopping for a moment to see market movements before starting again.

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Quote from: doomloop on October 13, 2023, 03:25:40 AM

Quote from: shivansps on October 06, 2023, 11:53:55 AM

You should always remember that there are good days and bad. That without losses there is no profit. It is worth remembering, especially for beginners, that you should not invest or trade money that you cannot lose, otherwise there may be big problems. Also, you should not make important trading decisions when you are in an emotional hole or drunk. It's worth sticking to your trading plan even if sometimes it doesn't make a profit. It is worth listening to many but making a decision yourself

I totally agree with your points, especially the one where you said that a newbie trader or a trader, in general, should listen to everyone but do what they think is the right thing to do based on their own research and analysis and the knowledge they have gained so far because I've seen a lot of new investors who tend to believe others too easily and that makes them lose a lot of money making trades based on what others have told them without doing any research from their own side.

It's a big mistake when you don't acquire enough knowledge yourself and you believe in everything you hear from here and there, you can get confused and in that confusion, you will make decisions that won't be financially good for you. That's why, if you are new in the industry, try to learn everything first and don't start taking positions when you are not 100% certain about something or at least have done some research yourself.

Yes, that is accurate and true. Like how the positive and negative aspects of electricity allow the light to shine, the positive and bad aspects of any trading firm, particularly in this sector of the bitcoin market, are the same.

In the world of trading, it is not feasible to just sell or just buy; these two actions must be simultaneous in order for the trading industry to exist. Because they wish to earn from trading with other traders, that is why there are traders.

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Quote from: shivansps on October 06, 2023, 11:53:55 AM

You should always remember that there are good days and bad. That without losses there is no profit. It is worth remembering, especially for beginners, that you should not invest or trade money that you cannot lose, otherwise there may be big problems. Also, you should not make important trading decisions when you are in an emotional hole or drunk. It's worth sticking to your trading plan even if sometimes it doesn't make a profit. It is worth listening to many but making a decision yourself

I totally agree with your points, especially the one where you said that a newbie trader or a trader, in general, should listen to everyone but do what they think is the right thing to do based on their own research and analysis and the knowledge they have gained so far because I've seen a lot of new investors who tend to believe others too easily and that makes them lose a lot of money making trades based on what others have told them without doing any research from their own side.

It's a big mistake when you don't acquire enough knowledge yourself and you believe in everything you hear from here and there, you can get confused and in that confusion, you will make decisions that won't be financially good for you. That's why, if you are new in the industry, try to learn everything first and don't start taking positions when you are not 100% certain about something or at least have done some research yourself.

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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

Quitter is always a Loser, remember that, If you are the one who wants to learn how to trade here in crypto trading, you should first learn the things to know here in the field of crypto business. Once you start it, you must finish it and never stop learning it so you can be successful in the end as an individual trader.

because this is what I did when I started, and until now I am still studying him, even though I already know something somehow. So, I don't stop learning; instead, I continue to learn as long as I am here in the crypto space.

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Quote from: Patrol69 on September 13, 2023, 01:39:36 AM

A new member will make mistakes when there is no one to guide him, but when a new member is guided by an experienced person, the new member is less likely to make mistakes. When we were trading maybe no one advised us like this or there was no one to guide us like this but new members are now getting a lot of advice through this forum which if new members follow they will do much better in trading gradually.

What is the benefit of an experienced person supervising a newbie in trading? I do not believe that someone who has learned to make a profit from this activity is interested in sharing his findings with others. Moreover, he may simply not be interested in it, because not everyone has a tendency to teach. No one is purposefully teaching anyone on this forum. Everyone is just sharing their thoughts on publicly available information. But there is no guide here.

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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

Someone who is losing money in trading shouldn't be offered this advice. How might you encourage someone to continue trading when they are in fact losing money? Do you want the person to declare bankruptcy before realizing they should completely stop trading? I consider your counsel to be unaccepted.

People need to learn how to stop doing things that don't work out for them. Quitting trading is never a terrible decision for anyone. By the way, trading isn't meant to be a stop-or-start activity that one should engage in.

For those who are new to crypto trading, giving up is a wonderful idea that should be encouraged. I don't view someone who decides to stop trading as being weak; rather, I view him as an intellectual human who is aware of what's best for him.

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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

You will only lose when you are not consistent about your trading strategies, as a beginner. You can't lose but the thing we have to keep in mind is that trading is something different from the work we are doing online. The traders who are on the top you are seeing today, a day had passed these all were beginners, but they put in their efforts and they gained knowledge of trading, even though they have seen more losses and they have seen the more difficult situation in their life. So, from your talks we don't have to lose hope till the last breath, this is the only solution we are going in search of.

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yes

Quote from: shivansps on October 06, 2023, 11:53:55 AM

You should always remember that there are good days and bad. That without losses there is no profit. It is worth remembering, especially for beginners, that you should not invest or trade money that you cannot lose, otherwise there may be big problems. Also, you should not make important trading decisions when you are in an emotional hole or drunk. It's worth sticking to your trading plan even if sometimes it doesn't make a profit. It is worth listening to many but making a decision yourself

Traders are available for good signals in the market, nothing else. Showing more concerns for what favours us other than been distracted by the trends of the market. We make investments in others for the purpose to reap the positive outcomes of the system. You're right, there are good and bad days; we merely hoped and prayed for more good days, which means printing substantial profits on our enormous earnings. Trading is perilous without an appropriate understanding; there is an excellent opportunity of making money without putting in extra effort; and committing to a single trading strategy will provide one what he desires in the market.

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You should always remember that there are good days and bad. That without losses there is no profit. It is worth remembering, especially for beginners, that you should not invest or trade money that you cannot lose, otherwise there may be big problems. Also, you should not make important trading decisions when you are in an emotional hole or drunk. It's worth sticking to your trading plan even if sometimes it doesn't make a profit. It is worth listening to many but making a decision yourself

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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

About 70% of people fail in trading, and only 30% of people who are knowledgeable and experienced succeed and profit. If you want to be a beginner about trading, you must know many things first. Moreover, if you are new to trading, you will certainly face losses. It is certain that after facing losses for a few times, you will gradually understand about trading. When you start a trading business, your plan should be profit oriented and focused in such a way that you can make a profit. Also, you always have to control your emotions, so you don't get busted the market doesn't stay in the same place all the time, so you have to be patient. In order to survive in trading you must withstand enough storms, if you put time behind trading for a long time you will be able to become proficient. You can only profit when you learn trading completely.

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Quote from: bitcrystal on October 06, 2023, 09:32:58 AM

once you are determined enough to learn and become a profitable trader then you will sail through no matter what you encounter in the journey. the beginning is mostly the hardest thing which is understandable just like Goeth said "Everything is hard before its easy". the things you encounter on the journey are what will become your experience. when you start trading with real funds and you experience losses , you can take a break to return after a while. you will learn all these as you advance.

Therefore, before we start, make sure we must have done research first about what is there, including all the risks that we will always encounter, not just about profits even though you come for it. But it is better for you to emphasize and focus on the risks that are there because if you already have a way to minimize risk then surely you will be able to get profit. Losses are the main difficulty that usually occurs and it is difficult for them to get through it, and also they will find it difficult to balance the risk with the knowledge they have. So it is very natural that at the beginning they have to struggle hard even with some losses, it doesn't matter because it's a very valuable experience as long as you can learn your mistakes and fix them so that in the future it can be better.

Basically trading is very difficult, and that means there will definitely be many sacrifices that you have to make including experiencing some losses, it doesn't matter because with that your knowledge will be able to develop more and will know better what to do, especially in making decisions.

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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

That’s a really funny start, real funny!
Anyway, even for a beginner, there are experiences with trading. Even if it’s just loses, there is an experience in them loses, in the signals (not signals from a group but, like the signals you get from the candle sticks; double to “M”, double bottom “W”) and the rest of those. Whatever you reason for picking your entry and exits are, what was it, how it played out, was it as expected or the other way round… Those are experiences.

In a profit situation, how did you handle it, what signal got you in, at what point did it change, how did you manage the situation, what tricks did your emotions play on you…

Those too tells the story for a beginner and not a blunt LOSE!

In the phase of all that, you need not to be discouraged. Better still, don’t go live until you develop a strategy that comes with some reliability for you.

bitcrystal

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once you are determined enough to learn and become a profitable trader then you will sail through no matter what you encounter in the journey. the beginning is mostly the hardest thing which is understandable just like Goeth said "Everything is hard before its easy". the things you encounter on the journey are what will become your experience. when you start trading with real funds and you experience losses , you can take a break to return after a while. you will learn all these as you advance.

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Quote from: Ahli38 on September 13, 2023, 02:12:37 AM

~snip~

Experiencing a loss in a trade is a common thing. Even professional traders still experience this sometimes. But risk management and financial management can avoid bigger losses. Because professional traders have determined the loss limit they can bear. What they have prepared is not just a profit target. But they also prepare a loss limit that they can tolerate. So even though sometimes they experience losses in their trading, this will not really affect their finances or capital. And professional traders also definitely learn from their extensive experience.

Professional traders have all the experience, have guidelines on how to carry out good trading strategies. Risk management and money management are very important to support the trading strategy that has been created. If risk management goes well, there will be no significant losses, and correct money management will make it easier to manage every purchase and sale appropriately. There are limitations that have been marked by professional traders, looking at technical analysis using existing data and observing the fundamentals that occur. All aspects must be mastered to generate profits.

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OP, your motto about quitting is not an option might be dangerous. Hopefully, you're not getting emotional right there because that will be the time that you might break your earlier plan like putting in more money that you can only afford to lose. I'd been on and off on trading although I can say that I am not really that good. The only time I had great profits was during major bull runs which are the year of bitcoin halving and its following year. At present, I have a small position in the future that is more than a week already because I am hardheaded instead of just waiting to make trades next year and 2025.

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Quote from: Fakhrulenclix on September 13, 2023, 03:19:59 AM

Quote from: OrangeII on September 13, 2023, 01:16:28 AM

Yes, actually lose in trading is an experience. From these defeats, it becomes an experience that makes us more careful and perhaps know how to avoid it. Yes, but almost all beginners in the world of trading experience this failure. Personally, I also experienced that, I even chose to invest in coins that were scams. However, the pieces of failure will come together to become a very valuable experience for the future.

Experience in trading is the most valuable lesson, defeat is something that is quite common for all traders, in fact it is not only felt by beginners but anyone who trades.
And experiences that can be used as lessons are not only what has happened to ourselves, it could be that the experiences of people around us can be used as lessons, it cannot be denied when you say that experience is quite a valuable lesson.
But personally, I studied a lot of trading knowledge before starting and even understood all the risks so what happened was not surprising to me.

I don't think there is a person or a trader who is completely smooth in his trading from the first time he entered the trading world. I believe they also felt something bitter at the beginning, and that's what later made them a good trader now. Failure is something that will strengthen us later, as long as we are willing to learn from the mistakes that make us fail, then success will be waiting for us ahead of the road. I can't be sure when success comes, but I believe that it is true, the key is that, as long as we continue to learn to correct the mistakes we made in the past that made us fail.

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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

As a beginner you have to learn what we say usually .I think you don’t need to loose fund when you are ready for trading after having a good experience .Experience is not like that you need to loose .I think you need to follow all experience trader ,take lesson from blog youtube and also if you have anyother source .After getting a good experience you should apply your experience on demo market .When you have enough confidence then you go for live .Loosing on trade a common thing even a professional trader make losses so that you need to be patient and go through your plan .Hopefully you will be succeed .

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