My newbie trading experience | Bitcointalksearch.org

MrcMrc

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Quote from: wildan88 on December 21, 2021, 04:28:59 AM

You won't only be needing knowledge but you will also needing that kind of lose along the way and that loses was not just normal losses it was an experience from trading. There's a lot of trading materials online either PDFs and videos and all of them might be helpful to you but it can't be compare to the actual experience you will be learning.

Loses is part of the process of learning and in any adventure there are always set back time and I always advise we always take our loses as a mode of lessons which should be a guide in our future decision.
Trading require skills and that skills come with some price and practices.

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Quote from: wildan88 on December 21, 2021, 04:28:59 AM

You won't only be needing knowledge but you will also needing that kind of lose along the way and that loses was not just normal losses it was an experience from trading. There's a lot of trading materials online either PDFs and videos and all of them might be helpful to you but it can't be compare to the actual experience you will be learning.

Honestly to me both are very important and while it provides benefits why not,
learning now is also easier because as you said we can take advantage of various platforms to learn,
but it's true learning and experience are different

wildan88

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You won't only be needing knowledge but you will also needing that kind of lose along the way and that loses was not just normal losses it was an experience from trading. There's a lot of trading materials online either PDFs and videos and all of them might be helpful to you but it can't be compare to the actual experience you will be learning.

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Trading is one of the risk thing we need to keep aware. People think that it's easy and does not need to have a deep understanding still we need to keep aware of our feelings once you make a trade there's an instance that approximate 50-80% of your decision is made by your emotions. We cannot avoid the risk but we can lessen it that's why we can prevent too much loss and greedy people uses Take profit and stop loss so they still control themselves.

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Quote from: Wiwo on December 02, 2021, 04:03:14 AM

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

I think your experience in the trading world is quite better than others because you were able to make profits rather thàn loses. You made quite a good start up fund that you could use to make more reasonable profits.
You need to go and learn good trading skills that would help you a lots in getting what you want from the market. Ensure you learn trading from a very good source so that would go to sharpen your sword very well.

milewilda

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Quote from: og kush420 on December 20, 2021, 01:56:07 PM

Quote from: Tellek Garing on December 20, 2021, 01:47:22 PM

Every newbie has an experience and yours may be different from mine but the truth is it's great news that you made a good profit at the start and I will advise you to continue using the same trading formula but develop your own strategy.

There is no correct strategy, everyone has to create its own. Strategy that may work fine at your end may or may not work at my side. Thats primary reason why signaling groups are just scam. Good strategy comes with experience which is mixture of both success and loss. Winner is the one, who never gives up.

Create its own according into your preference and skills because it is true that theres no such thing about precise prediction or analysis that had been made which this would be a never ending kind of situation in seeking for working ones and we should really be versatile since we couldnt really able to stick in one strategy or method of trading because there are lots of different circumstances or situations that you might able to face up specially on dealing with a very unpredictable market. We all do start on being a newbie and its up to ours on how we do taught ourselves and come
to think that informations needed would really be already available online and its just depending on the effort that you would put up.

og kush420

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Quote from: Tellek Garing on December 20, 2021, 01:47:22 PM

Every newbie has an experience and yours may be different from mine but the truth is it's great news that you made a good profit at the start and I will advise you to continue using the same trading formula but develop your own strategy.

There is no correct strategy, everyone has to create its own. Strategy that may work fine at your end may or may not work at my side. Thats primary reason why signaling groups are just scam. Good strategy comes with experience which is mixture of both success and loss. Winner is the one, who never gives up.

Tellek Garing

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Every newbie has an experience and yours may be different from mine but the truth is it's great news that you made a good profit at the start and I will advise you to continue using the same trading formula but develop your own strategy.

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Quote from: redsun114 on December 19, 2021, 08:54:02 AM

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

It is obvious that every single trader will eventually have some losses. There is no possible way that anyone could ever end up with zero losses and we will all have some. The main power of a trader comes from the fact that even though he may lose some money, he will end up making more in profit and balance that out and come out on top.

Being a long term investor is not something wrong neither, if you do not want to take the risks of short term trading then you could easily end up doing something for the long term investment and it is a lot less risky and you will end up with a lot more profit that way. Sure short term traders could end up with profit as well but that is only if they are really good.

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Quote from: Wiwo on December 02, 2021, 04:03:14 AM

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

That's a good thing when you are starting to trade by yourself and it does make your journey become worth because you can learn about your fault and make sure to not fall for it again. That's what I like when learning things by yourself first. I do hope that more people at least try to trade even with small capital first that you can afford so you learn how it works.

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Quote from: redsun114 on December 19, 2021, 08:54:02 AM

Quote from: blockman on December 19, 2021, 05:48:57 AM

Quote from: Qikiye on December 18, 2021, 06:57:17 PM

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

I also have that same sentiment, even the best trader can't escape with the sway coming from this investment, maybe he can recover right away but still the chance of facing failed trade is unavoidable, though you have a good point, if you don't want to suffer from any losses choosing top coin and is better for long-term investment.

The chance that the value will rise high is anticipated by many, not an investment adviser, but it's more practical and wise. Cool

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Quote from: Wiwo on December 02, 2021, 04:03:14 AM

I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

There is no absolute guide for trading, everyone has to create his own. I am not fond of trading infact I have huge losses while trading thats why I stay away from it and advice others to do trading only if you can handle it. Crypto trading is not an easy thing, even experienced guys find it difficult to handle. Do stuff like paper trading before jumping into real trading.

horrifiedx1

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Quote from: panukurap on December 18, 2021, 01:23:32 AM

Looks like you are still not prepared to trade. From your experience it seems that you lack information about good crypto. Especially in determining the time when to buy or sell coins, this will determine your trading later. In addition, coin selection is also very influential. You also have to determine what kind of trade will be made, short term or long term, all must be fully considered.

trading objectives must be clear at the beginning before making a transaction, so that we can calmly face the possibility of profit or loss. because actually profit or loss in trading is a normal thing, so no trader has high flying hours, does not experience defeat, but we have to look at the market ahead and look for opportunities again

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Quote from: blockman on December 19, 2021, 05:48:57 AM

Quote from: Qikiye on December 18, 2021, 06:57:17 PM

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

blockman

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Quote from: Qikiye on December 18, 2021, 06:57:17 PM

I had no experience with cryptocurrency when I was new to cryptocurrency trading.

All of us started as a newbie and there's no particular experience when we've started.

Quote from: Qikiye on December 18, 2021, 06:57:17 PM

Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

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Quote from: Wiwo on December 02, 2021, 04:03:14 AM

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

quite impressive with the profit you get at the beginning you start trading. that's very good. about the loss is a natural thing in trading especially the crypto market has fast price movements. It's great when you can restore it back.
it is part of the experience that is very important for future knowledge.
I think knowledge in trading can be taken anywhere including personal experience and the most important thing for a trader in trading is controlling emotions not to be greedy because in my opinion greed is the thing that will destroy us in a trade.

Qikiye

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I had no experience with cryptocurrency when I was new to cryptocurrency trading. Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

panukurap

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Looks like you are still not prepared to trade. From your experience it seems that you lack information about good crypto. Especially in determining the time when to buy or sell coins, this will determine your trading later. In addition, coin selection is also very influential. You also have to determine what kind of trade will be made, short term or long term, all must be fully considered.

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First of all, I think applying the same strategy to cryptocurrency, it can be good once or twice, will not always bring good results. New strategies should be applied constantly and for this proper market analysis should be done. Always try to gain good knowledge about the market.

martina14

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Quote from: Wiwo on December 02, 2021, 04:03:14 AM

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

I admired your determination to learn the proper basic things in the crypto trading. And also I'm impressed that for the newbie who entered here in this industry got earned more than 100% of your capital in doing trade activity for only 1 month. Just continue what you are doing now and I know in the near future you will discover a lot of things to improve your skills in trading through your experience.

Topic: My newbie trading experience (Read 745 times)