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.
You started on a winning note but obviously got carried away by your little success and that led to your loss. This is often the mistake most traders make. They forget that it's never counted as profit until it's comfortably sitting in one's personal wallet or bank account. Anyway, you did well. I don't think you need all the new suggestions you're seeking here other than work on your emotion. Learn how to control your emotions while trading and don't be too excited when you're winning or scared while experiencing loses. Go back to the drawing board and find out what worked for you that enabled you make the wins you had the first time. Fine tune it, and grow from there. Apart from the capital to fund an account, the second important thing is control of one's emotion in relation to MM – Money Management. 
Topic: My newbie trading experience - page 4. (Read 687 times)
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.
You started on a winning note but obviously got carried away by your little success and that led to your loss. This is often the mistake most traders make. They forget that it's never counted as profit until it's comfortably sitting in one's personal wallet or bank account. Anyway, you did well. I don't think you need all the new suggestions you're seeking here other than work on your emotion. Learn how to control your emotions while trading and don't be too excited when you're winning or scared while experiencing loses. Go back to the drawing board and find out what worked for you that enabled you make the wins you had the first time. Fine tune it, and grow from there. Apart from the capital to fund an account, the second important thing is control of one's emotion in relation to MM – Money Management. 
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.
you are one of the lucky ones when you start trading in early 2021 where almost all coins have increased in the middle of the year and it is very possible to take big profits.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.
as a result of that loss is a natural thing in a trade where there will be profits and losses.
if you want high profits choose meme coins but the risk is also very worth it.
but I suggest to take a realistic profit with the capital you have.
Coin Loan it is one of the companies I trust to manage my financial assets. So far It has been great. The accounting profits are at average rate but I had never experienced any problems so far with them, like at other companies. They don't make false statetements just to claim your money. I would like them to improve the task execution time. Everything else is Perfect.
if you already made a profit on your first trade, you don't have to suffer a loss. losses that occur in trading are commonplace for traders. However, you don't always sustain those losses. You should trade more carefully in the future, if the market does not allow you then you should not force to trade. try to trade in a relaxed atmosphere, this will provide comfort in open positions.
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.
This is the art of crypto trading, where we can immediately get big profits in a fairly short time. But also vice versa. We can also get losses in a short time. This is a risk we must take.But as long as we still want to learn, don't panic, and also want to take lessons from our previous losses, of course this will be a very great experience.
And in this case, I personally always cash out my capital when I get quite a lot of profit. At least I'm trying to secure my capital assets if something happens to the market which is very difficult to predict
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.
Experience would go big as you do go forward on making out trades or simply you do become more knowledgeable as you do go ahead.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.
We wont really able to learn if we dont experience those unfortunate events or simply we wont able to make ourselves
improved if we dont engage with it.
All starts on being a noob and we are definitely taking this path.
for a beginner it's a good thing because you can get profit in a month. With that experience, of course, you can learn more to get a bigger profit. it's true that in trading we have to really think carefully about when is the right time to sell or buy coins in order to get a profit. As a beginner, seeing this makes me even more excited to be able to trade well. I hope I can do it well and make a profit.
I believe that developing the zeal of trading alone will make you to know the advantages and disadvantages of trading without the aid of anyone innovation, hoping on somebody that will impact a perfect knowledge of trading is quite right but since you have started the journey before now their is nothing much to learn about again than continuous practice with little amount of funds that will enable you to master the loopholes that will indirectly or directly cause lost to your trade.
On my own if I'm going for trading I don't really go with surplus finance or funds at first, the first time will go with smaller quantities of funds to experience how the day of trade will result out. And notes, that the only way you can overwhelmed trading is when you trade subsequently, with that errors of trading will be detectable by you without someone advice.
On my own if I'm going for trading I don't really go with surplus finance or funds at first, the first time will go with smaller quantities of funds to experience how the day of trade will result out. And notes, that the only way you can overwhelmed trading is when you trade subsequently, with that errors of trading will be detectable by you without someone advice.
This might sound rude to you but you were just lucky to make some quick profits during the bull run and now when the bull run is over you are just struggling to make similar sort of returns. I think you need to learn new strategies which could suit this type of market because there is no one strategy which fits in all situations. Change your strategy back test in similar markets.
We have to adjust the trading strategy according to the current market conditions to minimize losses, if investing when the market is down it is advisable to wait until the bear market is over and the bitcoin movement is stable so that you can enter the coin of your choice for investment.If you are doing crypto trading then you need to be prepared for losses more then profit. If you cant bear loss then don't do trading rather go for HODLing. Since chances of loss are less in Hodling then in trading. Trading works best in bullish market, as in bear market only experienced traders can made profit rest end up in loss.
in trading it's not just about buying and selling but we also have to monitor market movements at all times,
which is clearly not easy to trade and requires patience too of course
This might sound rude to you but you were just lucky to make some quick profits during the bull run and now when the bull run is over you are just struggling to make similar sort of returns. I think you need to learn new strategies which could suit this type of market because there is no one strategy which fits in all situations. Change your strategy back test in similar markets.
We have to adjust the trading strategy according to the current market conditions to minimize losses, if investing when the market is down it is advisable to wait until the bear market is over and the bitcoin movement is stable so that you can enter the coin of your choice for investment.If you are doing crypto trading then you need to be prepared for losses more then profit. If you cant bear loss then don't do trading rather go for HODLing. Since chances of loss are less in Hodling then in trading. Trading works best in bullish market, as in bear market only experienced traders can made profit rest end up in loss.
the forum is a good start, you could also download materials online and watch videos from YouTube, those guides would help....
This forum always has lots of hints on what to do and where to start kind of things. Here, you may not get exact guides for you shaping yourself as a trader but you could find links of useful websites/videos which are essential for every trader from the beginning days to continuous learning for enhancing themselves to stay completive even after gaining enough experiences.spend more time in analyzing and choosing the right coin and setting up a bot. But still you need to watch out your bot activity and change features accordingly.
If you still need to watch your trading bots then why not you go for manual trading. I never recommend anyone to go for bots based trading as my personal experiences with bots were not profitable as per the claims by its devs.
It's good that even as a newbie without experience, you where able to make such huge profits, now one thing is sure and that is the fact that even as an expert, you can likely run at lose once in a while, the only difference is that, as an expert you may not have huge loses as a newbie especially once without trading knowledge.
It's a good thing you've decided to learn nevertheless, the forum is a good start, you could also download materials online and watch videos from YouTube, those guides would help....
It's a good thing you've decided to learn nevertheless, the forum is a good start, you could also download materials online and watch videos from YouTube, those guides would help....
Even an experienced trader would come across loses. Losses are part of the journey. And it occurs when you close off the trade. In such cases, just leave as it is and wait for the market to get stabilized.
There will be a growth certainly when you go for long term but yes patience is needed. But if you depend on a regular income from it then, spend more time in analyzing and choosing the right coin and setting up a bot. But still you need to watch out your bot activity and change features accordingly.
There will be a growth certainly when you go for long term but yes patience is needed. But if you depend on a regular income from it then, spend more time in analyzing and choosing the right coin and setting up a bot. But still you need to watch out your bot activity and change features accordingly.
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.
Trading when you don't have knowledge about cryptocurrency is not a good idea. I started trading not long ago when i heard about a coin pumping without further research i bought the coin, i used my school fees because i was told in less than a month my money would have multiplied, the coin kept dumping and that was how i lost my money and had to struggle to pay my school fees because i didn't have knowledge about cryptocurrency. So then i knew i need proper knowledge and understanding of cryptocurrency and that is why i joined the forum. 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.
It is fine you make this good profit as a newbie not having any guild from any one. But you still need knowledge to continue, there are things you need to know before you start trading properly. Learning first will profit you .
My newbie trading experience was really a bad one because I lost reasonable amount of money.Instead of me to ask,make research and see how they go about trading,I wanted to do it myself without consulting anybody.
But as times goes on,I decided to mingle a little with people who already have experience in trading.And that was how I became a little good in trading.
But as times goes on,I decided to mingle a little with people who already have experience in trading.And that was how I became a little good in trading.
This is not the worst path that you have had to go through. As they say in such cases, you have gained invaluable experience for your money, which is impossible to get without practice. Now it will be easier for you to analyze your mistakes and use new knowledge to avoid their repetition in the future.
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 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.
If you have taken out the profit and retain your initial trading capital, that would be a good move. This is how cryptocurrency market works. There are winners and losers. There’s no way that you can win always. Always expect the unexpected, just like what happened recently in the crypto market selloff.
It’s much better to spend more time learning how to manage your risks efficiently. Learning about trading skills is a good thing, but doesn’t guarantee or promise you profits in executing your trades.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered
Profits and then losses are most common for any crypto trader; you just need to maximize your number of profitable trades and should work on minimizing the losing trade numbers. It will be possible if you find time to learn continuously from your own experiences. Just do not trade but learn and trade; it means learn from your mistakes and from all market scenarios.What is the solid analysis that I can lay my hands on I need some recommendations.
There cannot be anything solid in trading at first hand because all the strategies are vulnerable for losses at any time but I need to focus on minimizing your losses by letting your profit growing. These are all just matter of time because when you start learning then everything will become your usual habits. 
It's quite impressive you made a profit in trading, what coins are you trading, if i may know and how much time do you need to cover your initial loss so that you get back and make a profit of $450.
From your story, I judged that you started trading crypto with a capital of $200 and the coin went down, you lost, after that you got up again and made $450, so do you still trade on the same coin when you lose or you move to another coin, from the rest of your capital, so you make a profit.
From your story, I judged that you started trading crypto with a capital of $200 and the coin went down, you lost, after that you got up again and made $450, so do you still trade on the same coin when you lose or you move to another coin, from the rest of your capital, so you make a profit.
The main thing to note here is that OP started trading in January 2021. This year was a rollercoster ride for the crypto market.
The market was pumping in the initial few months followed by the major correction.
This is when OP made profits and it's not a big deal to make profits in a pumping market.
Just holding any potential coin would make good profits. I would say OP needs to learn from various dips in the market and gain experience by practicing to trade regularly.
Only that will help a newbie in the long run.
Jump to: