Topic: My newbie trading experience - page 6. (Read 745 times)
Great experience, this can be used as a lesson for you so that your current trade can run better than before. I am amazed by your patience and mental strength to face the problems at hand. Because many traders eventually fail and go bankrupt because they don't want to try to get up again for fear of failing a second time. Indeed, when you want to pick sweet things you have to thrive first and then take care and give it fertilizer so that the results are most likely as expected.
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.
well it means you need a journal so that you can get easily what mistakes you're doing in trading by reviewing it. Because for sure you've change your strategies as well which common problem of some new traders nowadays reason after all they suddenly experienced losses after winning.. 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 want to ask why i said you need journal.. Well as far a know most successful traders has journal, because for them its very important to have such thing to readjust the situation especially when it comes strategies that can bring back their win rate, and infact that's what my favourite traders suggestion as well wherein they're very successful because of the help of journal..
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 second what one of the comments has pointed out, that you should have taken your profit that you made first, and then start trading with the remaining money so that you will know that even if you happen to be in loss, it wouldn’t really be a complete loss, because you have already taken the profit you meant to take and you are not trading with the money that belongs to the market.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.
Take for example, you said you invested $200 at first, and then you were able to make $450, which means that your profit so far is $250 (although you said that you experienced a bit of loss, but you have been able to recover from that). So, let’s say that you should have taken out $200 from that money, and then the remaining $250 can be put back for trading in the market. And as you continue to make more profit you can be taking it bit by bit.
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.
This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active. 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 will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.
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.
This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active. 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 will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.
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.
Indeed, learning is a continuous process. While you are in actual trading, perhaps, more experience gives you a lot in return. And despite those days that we are at lose, we don't think about quitting and discouragement but we tend to learn that this gonna happen. What I thought is that trading is a very challenging job that only a few people could manage to do it while many just give up and show their weaknesses. I have that experience before, that only $100 for me and sadly, I'd lost them all.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 may not good at first, that is certainly what to see but as we think that everyday is a learning journey, it all be changes from time to time.
I remember my first win and my first loss, with a lot of excitement I made a mistake on not analyzing the market and it resulted me a big loss but that’s fine, because that situation motivate me to keep trying and to learn more about trading. As per many, you can’t be good in trading if you didn’t lose money. Keep trying, always have a back-up plan because there’s no certainty in trading but you have to keep grinding.
At first I was confused, because when we buy the market actually goes down and vice versa. but we use this as motivation to be better in the future and look for mistakes that should not be made. so don't be bored to learn and don't give up, because the average trader experiences the same thing at first
I remember my first win and my first loss, with a lot of excitement I made a mistake on not analyzing the market and it resulted me a big loss but that’s fine, because that situation motivate me to keep trying and to learn more about trading. As per many, you can’t be good in trading if you didn’t lose money. Keep trying, always have a back-up plan because there’s no certainty in trading but you have to keep grinding.
If you have made gain as your first start. You should have secured your profits already or your capital.
In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.
It's a normal process that you're going through.
When I made the first profits I saved some and added the remaining capital, I have been trying since then to make good profits in the future that is why am looking for alternative ideas outside my experience.In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.
It's a normal process that you're going through.
You're looking for other strategies that would work for you and that's easy for the others if they've experienced already. I hope that you find your best strategy so that you can be as productive as the others.
And be productive like them.
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.
Most beginner crypto traders simply need to work hard to learn the basics of the trading game. Trading is not only exciting, but also can be a profitable investment strategy as long as people are able to take the necessary time to understand the rules and strategies.
Of course, one of the biggest factors that will affect the ultimate success of any trader is the time they are willing to invest and dedicate to their game. In order to reach a level of success, one must understand the market, keep track of the trends, make the right assumptions, use the right tools and ignore false beliefs.
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.
You trade just a single token and you feel you have arrived, you have learnt all the basic but unfortunately, trading doesn't work that way.
Trading require patience but you shouldn't relax sometimes when you are on profits, you have manage to gain some profits on Altcoins, you should have take profit and wait for another entry. You had those gains probably when there some fundamental and bullish news and luckily entered on time.
Trading is tedious, try other coins that are heavily trade by other traders and magnificent liquidit, a $200 is enough to give you a decent profit on a to 100 Altcoins and also don't endeavor to do more research like watching YouTube videos.
Tips: Avoid trading signals.
Your never a successful trader until your sustainable at making profits. Its just the way it is in this line of work, the loses would always come, but your net profit defines how well your doing. Kudos to iou to have made a few bucks in your early approach with the market without mentorship or any form of learning. Its a plus for uou but, its not very advisable to jump into real trading without any proper knowledge of the market.
For this reason, the demo trading platform was created to give users a direct exposure and appreciation of the market. You trade and face the same exact market as those trading with a real account except, the funds are just allocated and aren't real. You should try that and build some strategies about your trading.
For this reason, the demo trading platform was created to give users a direct exposure and appreciation of the market. You trade and face the same exact market as those trading with a real account except, the funds are just allocated and aren't real. You should try that and build some strategies about your trading.
If you have made gain as your first start. You should have secured your profits already or your capital.
In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.
It's a normal process that you're going through.
When I made the first profits I saved some and added the remaining capital, I have been trying since then to make good profits in the future that is why am looking for alternative ideas outside my experience. In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.
It's a normal process that you're going through.
If you have made gain as your first start. You should have secured your profits already or your capital.
In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experience with the market.
It's a normal process that you're going through.
Yes sometimes in trading there is luck. But luck will not come continuously, therefore you must be wise to use your funds. At least you don't use all your funds to buy a coin. Leave your funds for backup if your analyst direction is wrong. Losses are certainly experienced by traders, but we will learn with analsis experience. Although analysts don't guarantee you no loss, it just minimizes. In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experience with the market.
It's a normal process that you're going through.
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.
What you've done and are now experiencing is normal. It takes a few losses to learn how to learn how to make profit and that profit only comes with hard work, dedication and market tracking. 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'm glad that you're at a stage where you're seeking wisdom from the community but there is not much we can say other than track, track and track the markets, then invest with knowledge and confidence.
If you haven't got the confidence then don't go all in...
Trading is about the journey, and making sure that over time you pick up that knowledge which nobody can give to you, you must acquire it for yourself
That's a great start, making profits means your approach on trading is effective, however, I think what you need to study next is the risk management, you know, to avoid losses. Trading without any risk management knowledge will lead you to losses that you can't even afford, losses that will make you a very compulsive trader. Controlling your emotions is very important as well, so you can avoid entering blind trades without even doing a solid technical analysis.
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.
for me, don't be in a hurry to get high profits, shouldn't every business be done gradually. like crypto trading, of course we have to learn a lot and seek trading experience, so we can be calm when trading. did you feel comfortable from your trip, when you lost and recovered? Of course, learning must continue, so that we can enjoy trading even if it is profit or loss 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.
You don't need any basic knowledge anymore more except you want something more sophisticated and you still don't need that. What you are looking for is simply a trading strategy and not to enter every open position available to you. So you are the one to teach yourself that, build or develop a strategy by yourself.
What I will ask is, you made the profit? So what did you do to make it , follow it.
Again, you lost and what did you do to lose? Stop it.
You regained your losses, nice job and follow that. That is a about trading. Keep following what works for you and not what doesn't work for you Good luck to you.
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 you have made enough gain within the short time as a newbie here on trading .I think you were so lucky that you didn't face any unpredictable thing on the market at the time you mentioned .These period was totally on bullish part of the crypto .However we all know that trading is a tough way to earn ,its good that you have earned much from your capital and you need to more careful for the next move .I think you should learn on different project like you did for a particular project that you trade for .You have to learn everything depend on fundamental and technical as well .That's how we can go ahead more on trading .Hope you can earn always like that you did . 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.
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.
The first time you get your first trade it was a matter of receiving a lot for you. But later on you suffered a loss due to lack of sufficient knowledge for you. However, now that you have enough knowledge about trading, you will benefit from trading. 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.
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