My experience as a beginner trader - page 7.

Fakhrulenclix

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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.

Ahli38

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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.

I think most novice traders have at least experienced a loss from a token scam or something like that. And I personally have also experienced it. But you are right that this experience actually became a very valuable lesson. Because we become more aware and learn more from the experience. So that we will no longer be exposed to the same tricks. But if someone is still caught in the same trick then I think that person really hasn't learned a lesson from the experience.

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.

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Those who are new to trading must follow these tips. 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.
Patience is a great thing that not everyone has, a patient person can achieve as much success in life as an impatient person but not as much. Before engaging in trading we must first learn to have enough patience as well as have our understanding of the market so that we minimize mistakes in new situations.

OrangeII

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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.

Mahanton

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Quote from: Mame89 on September 11, 2023, 10:40:44 AM

Quote from: fauzan Ichsan on September 09, 2023, 01:51:26 AM

Quote from: Hypnosis00 on September 08, 2023, 04:53:42 PM

One reason why many traders have failed is because of their greediness. In trading, we also have to know contentment and we have to accept small earnings because we are not controlling the market nor it give a favor to us every day. If ever we get $100 today, we must be happy with that because we never know that by tomorrow we also lose $100. In fact, as a beginner, we can't expect that we are to earn right away but rather be expecting to lose. However, on the other sides, we are also earning from it, and can be useful as we continue our journey.

Greed is indeed the main obstacle for a trader, who is not satisfied with the profits he has achieved, so wanting to pursue even greater profits is even illogical. If it's like that, it means the same as gambling, we will suddenly get rich or fall into poverty, but if we continue, we will lose in the end, because luck will not come continuously. therefore learning to repair and maintain our emotions is very important

The main disease as a beginner trader is mostly due to greed and this greed occurs because there is no proper trading plan. Whether you admit it or not, as a trader, you need to make an appropriate trading plan to optimize the chances of success for beginner traders. Without making a plan, greed will occur because human nature is never satisfied with the profits he achieves, he continues to want to get more.

Basically, by implementing a strategy like this it will help us to avoid making decisions not based solely on emotions, we can set definite rules for when to buy and when to sell. then we can manage risk appropriately, as well as identify opportunities in trading. By setting clear goals, trading will be very effective so that we are able to identify suitable trading strategies and carry out appropriate risk management.

On the time that you do start up then these common newbie behaviors and reactions and hopes would really be just that so normal but on the time that you do able to taste up the harshness or reality of this market then those things would automatically change. Cheesy

Everyone do starts on being a beginner since we do start on something like this on which even those professionals or veterans are really indeed having those the same path that we are taking.This all talks about on how you would really be able to sustain this unpredictable market because its always been that volatile and something that couldnt really be that predicted and this is why tons of traders or to those who had dealing up with this space had completely turned their backs because they've been that totally wrecked up by the market on which it is really just that very common scenario and this is why it would really be that part of your risks taking whether you should really be that proceeding or would completely stop because you cant really be able to bare up with the risks.

Mame89

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Quote from: fauzan Ichsan on September 09, 2023, 01:51:26 AM

Quote from: Hypnosis00 on September 08, 2023, 04:53:42 PM

One reason why many traders have failed is because of their greediness. In trading, we also have to know contentment and we have to accept small earnings because we are not controlling the market nor it give a favor to us every day. If ever we get $100 today, we must be happy with that because we never know that by tomorrow we also lose $100. In fact, as a beginner, we can't expect that we are to earn right away but rather be expecting to lose. However, on the other sides, we are also earning from it, and can be useful as we continue our journey.

Greed is indeed the main obstacle for a trader, who is not satisfied with the profits he has achieved, so wanting to pursue even greater profits is even illogical. If it's like that, it means the same as gambling, we will suddenly get rich or fall into poverty, but if we continue, we will lose in the end, because luck will not come continuously. therefore learning to repair and maintain our emotions is very important

The main disease as a beginner trader is mostly due to greed and this greed occurs because there is no proper trading plan. Whether you admit it or not, as a trader, you need to make an appropriate trading plan to optimize the chances of success for beginner traders. Without making a plan, greed will occur because human nature is never satisfied with the profits he achieves, he continues to want to get more.

Basically, by implementing a strategy like this it will help us to avoid making decisions not based solely on emotions, we can set definite rules for when to buy and when to sell. then we can manage risk appropriately, as well as identify opportunities in trading. By setting clear goals, trading will be very effective so that we are able to identify suitable trading strategies and carry out appropriate risk management.

Ahli38

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Quote from: promise444c5 on September 09, 2023, 11:54:06 AM

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week in which when elapsedthey stay out of market entries.

However, they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing

Correct. Taking a break to rest and calm our emotions for a moment is something that is very necessary in trading. Because if we don't get enough rest and are mentally exhausted. So this can affect our psychology and even decisions taken in a tired mental condition are very prone to making the wrong move.

A pause or short break is also needed if we are too happy because we have gained a lot of profit in trading. Sometimes feeling too happy can also affect our emotional decision making, making us a little wrong because we are too excited. Being too happy after getting a profit will make a person more greedy. And feelings of pressure due to experiencing several losses can make someone too afraid to take steps. So in conditions like this we really need to take time to find peace of mind through holidays or anything to divert our minds so we can escape from trading for a moment. Fear and Greed are two things to watch out for. Because these two feelings can be good weapons in trading and can also harm us in trading. It depends on us whether we can control it or not.

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Quote from: Bitcoin_people on September 11, 2023, 02:13:55 AM

A person who is a strong trader and sometimes loses his money just because of some wrong decisions. In that case a new trader loses their money due to various wrong decisions. However, if an investor trades according to the advice of a successful trader, he will definitely avoid losses. Good planning must be done to eliminate risk management which can always be profitable. A new trader can never be wise, to be wise one must first take good advice and know the market strategy. If he trades by adopting different strategies then he can definitely profit but he must follow the good aspects.

Mistakes can happen to anyone, even an experienced trader can often face losses due to mistakes. This is the crypto currency market, here the market can sometimes go against our analysis which can cause us to suffer losses, but the difference between a new and an experienced trader is that an experienced trader knows how to correct his mistakes, and how to fix them. It is easy for him to recover his loss.

On the other hand, new traders often face losses due to their poor planning. He does not know much about market fluctuations, profit and loss and what strategy to adopt with the market. Of course, a new trader should follow the strategies of experienced traders and learn from them. Trading in this way can be very beneficial for new traders. No matter how wise one is, if one does not have experience and knowledge in the field, there is always a risk of loss. When I started trading, I had no experience. At that time I did not learn anything from anyone, because of which I often lost, because I had no knowledge of the market. So trading without learning here is not without loss.

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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

A person who is a strong trader and sometimes loses his money just because of some wrong decisions. In that case a new trader loses their money due to various wrong decisions. However, if an investor trades according to the advice of a successful trader, he will definitely avoid losses. Good planning must be done to eliminate risk management which can always be profitable. A new trader can never be wise, to be wise one must first take good advice and know the market strategy. If he trades by adopting different strategies then he can definitely profit but he must follow the good aspects.

Litzki1990

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Quote from: Bushdark on September 09, 2023, 11:36:29 AM

Quote from: poodle63 on September 08, 2023, 06:10:53 PM

usually as a beginner its better if you test out small amount of money, checking the water, seeing how overall market actually works, then you might slowly increase the capital that you traded, because newbies aren't really knownig what they are truly capable of because they haven't encountered some circumstance where the market is going out of the usual textbook technical analysis guides so some of them are gonna gets confused because of it, testing the water using small amount of capital shown to be massively effective for newbies while not really endangering their whole life saving for the sake of knowing or starting their trading journey, though sometimes these so called beginner traders ended up becoming investors after they know that trading is more exhausting that they seemed to picture it out to be.

Being a newbie is very challenging especially when we are on the wrong track and not with people that are ready to help our trading career and journey. Newbies normally encarta challenges going live which should not be a big problem to us. As a trader, one need to be bold and ready to learn more from the market or else we can keep making losing with little profits that can not cover our loses and give us profits. There are many things to learn as a trader fr emotions to trading journal and how to analyze the market.

A task that is difficult for a person, no matter how easy the new task is, will seem very difficult to that person. When a person gets proper guidance about that task, he will find the task much easier. Trading in the beginning is a very difficult thing for a new member. If a new member does not have someone to help him, he will find it much more difficult to think about where he will start or where he will end or how he will do things. There are many new members who don't understand the basics well that's why they quit trading. For those members who join this forum to learn about various aspects of trading, it is very easy to know about trading. Can easily post on forums or ask questions about things he doesn't understand. Any new member will be very experienced on the trading side in no time if given proper guidance.

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Quote from: lalabotax on September 09, 2023, 04:59:22 PM

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 become a professional trader if you have had various experiences, both bitter and sweet. Everything will have its own process. And this will depend on what you undergo and evaluate. Becoming a successful and professional trader is not easy. There are many things to have and go through. That doesn't mean they are people who never lose when trading, no. They are people who also sometimes lose, but the level of their losses is certainly smaller than their profits. And they can immediately cover these losses with other, bigger profits. From here, there must be appropriate and fast evaluations and steps that they can take to optimize all processes, and this requires good experience and knowledge to immediately anticipate various market conditions.

Because losing is very usual when it comes to trading and why? It is because we are not the ones who control the market. Because if we are, all traders have become rich already. We have to think that due to the market volatility, and the up and down of prices, we are able to earn. Therefore, we don't need to change how the market works but also, we have to accept the losses are something to happen to us. Quitting is not the solution but can be an option if we really don't feel confidence.

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Quote from: G_Besar on September 09, 2023, 05:21:53 PM

Quote from: promise444c5 on September 09, 2023, 11:54:06 AM

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week in which when elapsedthey stay out of market entries.

It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

My bad , I should have added a tag "replying to" besides, I didn't made mention of the key word "Stop" you emphasised on but it's a good clearance though and I like the specification "short break" yes, the break should be considered as a short break precisely

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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

Haha, what a funny OP. But then not everyone really loose that much while learning how to trade. These days, what some newbies does is learn from elite traders they copy their trade from. It's like earning while you trade. It also doesn't mean those elite traders don't fail, they do but at as many losses incurred when trading by yourself for the first time

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Quote from: nurilham on September 08, 2023, 04:37:04 PM

Quote from: Richkiedx on September 04, 2023, 02:08:17 AM

My experience as a beginner trader is
I don't know how to read candles, I'm always burning money haha I'm also always at a stop loss most of all I don't want to trade anymore because I don't have any money to trade and then I just tried really hard to learn how to do it somehow my trades almost win

That's because you trade too early. Ideally, you need to know first how to read candle/chart patterns before you started trading. A trader needs to understand both technical and fundamental aspects, it is the basic need in trading. If you still can't master them, how you analyze the market? Sure, the best decision is to learn first, just trade when you have sufficient knowledge.

Quote from: Richkiedx on September 04, 2023, 02:08:17 AM

just do it you must have a trading plan and then you have discipline in trading

Trading plan can be made if you have knowledge. If you still have lack of knowledge, you are difficult to make a proper plan. When you have no proper plan, that discipline will be nothing/useless.

I think the first recommendation to give to a newbie is to start from somewhere in learning how to trade and knowing the functions of all the trading indicators together with their signals https://bitcointalksearch.org/topic/m.61999785 this will also helps you towards learning more about trading as a beginner and have some little experience couple together with what you learn online and on the forum here, know that not only in trading are we required to have the knowledge of what to do, it has to be on everything we have developed our mind to go for.

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Quote from: promise444c5 on September 09, 2023, 11:54:06 AM

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week in which when elapsedthey stay out of market entries.

It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

Quote

However, they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing

Taking a break for a while is very common if it is deemed necessary by some part-time traders, but they will never stop with their activities as long as they still have the potential to make a profit with their trading. Moreover, some traders really like to use several exchanges with several methods that they consider reliable for trading, of course they will find it difficult to stop trading.

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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 become a professional trader if you have had various experiences, both bitter and sweet. Everything will have its own process. And this will depend on what you undergo and evaluate. Becoming a successful and professional trader is not easy. There are many things to have and go through. That doesn't mean they are people who never lose when trading, no. They are people who also sometimes lose, but the level of their losses is certainly smaller than their profits. And they can immediately cover these losses with other, bigger profits. From here, there must be appropriate and fast evaluations and steps that they can take to optimize all processes, and this requires good experience and knowledge to immediately anticipate various market conditions.

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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

Every trader has a past, everyone faced a difficult moment when they started learning how to trade. Some of them gave up after losing all their money in trading and never came back, while others lost all their money in trading, went on a break, and came back after accumulating money and more knowledge about trading. The reason why some newbies do give up and never come back to trading after losing money as a beginner is because they think trading is a get-rich-quick scheme, they believe that if they start trading immediately, they will start making money instantly, but they don’t know trading is entirely different, trading requires consistent learning and practicing, and even professional traders do lose money.

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Quote from: Fivestar4everMVP on September 09, 2023, 03:01:11 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

Haha. In as much as I agree with you, also note it that, there always arrives a time in the life of some potential traders when they will have to make a decision either to quit or keep losing money, quitting is not always a bad thing in some circumstances, after all, it is often said that those who fight and run away, will live to fight another day ..

I don't know why some traders will see quitting as a sign of giving up, but come to think of it this way, quitting does not necessarily mean that the trader has left the space forever, but as a sign to free up his head from the many hustle and muzzle of the day, this have shown to be very helpful to many who are losing excessively, trading is same as gambling so for that, taking a break really help a whole lot, and more also when one take a break it very important to invest that time into some other things that will help them make better future trading decisions.

As time goes along the trader will be able to free up his/her head and make other plans to take proper advantage of the market, so taking a break is a positive sign of being a conscious and calculated future move.

promise444c5

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Quote from: Fivestar4everMVP on September 09, 2023, 03:01:11 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

Haha. In as much as I agree with you, also note it that, there always arrives a time in the life of some potential traders when they will have to make a decision either to quit or keep losing money, quitting is not always a bad thing in some circumstances, after all, it is often said that those who fight and run away, will live to fight another day ..

Quiting does not necessarily mean that the person is done for life, a trader might discover another or some other sources of incomes which he is better at, and decide to leave trading to focus on that , while some other might want to take a break from trading to put their life and emotions in a better shape before running back ..

I myself have quit trading several times to get better control of myself, but I still return back better than I left, and even though time won't permit me to trade as frequently as a want nowadays, I am still very happy with the knowledge I've acquired so far ..

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week in which when elapsedthey stay out of market entries.

However, they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing

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Quote from: poodle63 on September 08, 2023, 06:10:53 PM

usually as a beginner its better if you test out small amount of money, checking the water, seeing how overall market actually works, then you might slowly increase the capital that you traded, because newbies aren't really knownig what they are truly capable of because they haven't encountered some circumstance where the market is going out of the usual textbook technical analysis guides so some of them are gonna gets confused because of it, testing the water using small amount of capital shown to be massively effective for newbies while not really endangering their whole life saving for the sake of knowing or starting their trading journey, though sometimes these so called beginner traders ended up becoming investors after they know that trading is more exhausting that they seemed to picture it out to be.

Being a newbie is very challenging especially when we are on the wrong track and not with people that are ready to help our trading career and journey. Newbies normally encarta challenges going live which should not be a big problem to us. As a trader, one need to be bold and ready to learn more from the market or else we can keep making losing with little profits that can not cover our loses and give us profits. There are many things to learn as a trader fr emotions to trading journal and how to analyze the market.

Topic: My experience as a beginner trader - page 7. (Read 1704 times)