Topic: New trader's must remember it. - page 3. (Read 1604 times)

Yes, it's difficult, but that doesn't mean it can't be done. it all depends on how ready the beginner is to start trading. When a beginner makes a lot of preparations, including learning anything from a mentor, and only starts trading when he gets good guidance, I'm sure novice traders can do it too.
although I would prefer a beginner in trading to start by holding their assets rather than trading because their chances of losing will be greater than making a profit. But everyone's interests and abilities are different. we have to realize that.

From all  of the rules given it is the Self Control that stands to all of those because if we cannot
find this control then why we have to gain from trading?
though they can enter the market a newbie but as Holder not as trader because that is  truly
harder to initiate learning how hard the trading manner is.

many novice traders prefer to trust other people's analysis and choose to copy-trader because they don't trust their own analysis or they are too lazy to do that. however, if they are able to do their own analysis and trust it, they can gain more experience and that they can use to help a good trading portfolio. but because of their lack of confidence in their analysis, in the end they choose to trust other people's analysis and rely on it in each of their trades.

This is true. You've got to take every step. No short cut. Once you rush and skip a step, yes you may advance but you will still fall back on things you should experience and learn first. In short, once you rush in to make money, it is faster for you to lose it all of your account than to make money. Because in trading, it is a must submit to the process.

You cannot go in a trading day and say you are going to make money. You can only make money once the market allows you to capitalize a move. You cannot force things, you cannot rush. Otherwise, you will get caught of your own psychology.

Yes, basically before starting trading we have to change our perspective or mindset regarding trading, because trading is a high-risk activity so learning alone is not enough in a short time. Every time you trade is a lesson that must be learned and you don't have to rush to start trading. small capital because trading is not a way to get rich in a short time.

Even if we implement it, we must make trading a business, not a hobby or job. Because if we make trading a hobby then there is no real commitment to continue learning. Likewise, if trading becomes a job, it will make us frustrated because we don't have a steady income.

So the most correct thing is to make trading a business because in business there will of course be capital, losses, uncertainty, taxes, stress, and of course risk. So if we have this mindset when trading we are always careful, we continue to do research and develop strategies to maximize our potential trading profits.

Trying to trade with small capital to start with is a pretty wise choice because you don't have to start with a large amount of capital if a trader is just starting out. Apart from that, by experimenting with small capital and seeing how it can grow to become large, this can also be a reference for oneself in learning because when someone is able to manage small capital and become large. It gets easier when one starts putting larger capital into the market to use for trading, so what you say is very true for first trial options.

That's right, everything must start with the smallest, especially in terms of budget allocation for opening open positions, because obviously you have just started, where you are a new person who has just entered the world of trading, which means that at the start you have to start with steps that are not too excessive, such as in terms of budget allocation, try to only use a small amount of capital and make sure it is an amount that you can be responsible for whatever the outcome, especially possible losses at the end of the trading session.

I think an initial approach like this is more recommended because after all you are still in the adaptation stage to market habits which are usually fluctuating. On the other hand, yes, I agree with you that something done in a hurry usually always ends with bad results, therefore it is better for you to learn slowly little by little, it doesn't matter if it's slow because the important thing is that you are right - really understand everything you learn. However, trading is a profession that is quite difficult to learn, but it will not be too difficult if for example you can be patient and willing to process because to really become a fairly reliable trader, you need a lot of experience and a lot of flying hours, which is where You will only get that when you are willing to persist in the learning process.

This is easier said than done. Many traders are already aware of this but would unintentionally ignore them due to trade anxiety and stress. One thing we should know is that following these rules above strictly does not guarantee trading success, most times it is better traders learn from their own experiences so they can understand better what exactly works for them. Trading is indeed profitable to those who truly know their onions in trading.

Trading is not for everyone, many traders will ruin all the efforts they've invested in trading just because of their inability to control their emotions. If as a trader, your emotions tend to be a barrier to your trading career,  then you should consider working on your emotions first or better reconsider if you can actually thrive in trading.

A little bit of greed in our system is fine when we don't have them in excessive form. You can have greed and it'll help you at times when you're trading but many times greed will make you to lose what you already have that you were trying to get more. It's because of greed that scammers are successful in scamming many investor because they want to make quick money with the Bitcoin they own or they're trying to own more Bitcoin. It's greed that make investors to invest in altcoins because they want to make quick profits. It's greed that make many individuals to invest in memecoin in spite of knowing that memecoin aren't good investment because they can't be long term investments. Being a trader, we need to know how to control our greed or it'll be the cause of our losses.

Having some common sense would allow all of this to work well. If you have some common sense and not do wild stuff then you are going to end up with a good result, a lot of people end up with a wrong move and that is why they end up losing money.

I have rarely lost money in crypto, not because I am some super smart investor or anything, but because I do not take risk and I do not make mistakes, I just hold long term until the yare in profit and only then sell it. If I keep doing that, then why would I lose any money? That means that I may live through the bear market without selling once, and just DCA may way out of that bear market and sell during bull, could be years but that's fine for me and I end up making a profit anyway.

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

And also remember that quick learning is not a guarantee to say that you will get a good profit in trading right away; that is not the right mindset; rather,
that is wrong thinking as a trader in the crypto space we live in.

The main difference between investment and trading is the timing to hold but the buying and selling mechanism in both are similar so in both cases you will buy at dip and will sell at higher worth to take benefit from it. Bitcoin is suitable currency for investment but most of the people are also using it for trading and can make great profit from it.

In most of the cases people are doing trading with new coins whereas invest amount in old coins therefore trading become more risky than investment. Risk is involved in both so if we consider one as safe way and another as risky then we will be wrong.

The difference between investing and trading is massive, while in both instances you are risking your money with the hopes of getting more of it, when it comes to investing you barely make any moves at all, so you can just buy an asset and hold it for years.

But when it comes to trading, buying and selling is a process you will do hundreds of times, and the more you do something, the greater the chances you make a mistake from which you may not recover.

I tend to get pissed off when i see people saying that trading is extremely harmful and people should avoid trading. Investment and trading are similar in nature just that with trading you put in and take out your money mainly on a daily basis if you choose to. While investment you hold for some week, monthly or yearly basis. But it doesn't change anything. This is because both gives profit and loss if proper risk is not avoided. If there are risk involved i trading and investment why is investment more better than day trading?

Of course, trading is certainly hard and risky most especially for beginner traders. And as long as you never follow the rules and guidelines in trading, you will always be at risk from losing. This is very common to newbie traders as they set their own rules in trading, probably because of what they often heard from YouTubers that trading is like this or like that. Although hearing  those crypto influencers is not bad at all, as long as you also learn to verify what they are saying and won’t never forget to stick always on the basic rules in trading.

These things might really that too simple to look at but when you are on such actual condition or situation then for sure it would really be that so damn hard to follow up these principles on which you would really be that hardly be able to have that control specially when you are just that new. You would be basically be able to learn up things on the time that you do able to get that experience with active engagement.
This would really basically takes time and tons of effort before you would really be able to achieve such thing on which it would really be just that into those moments.
If you are just new, then try to make yourself not to be in a rush because this kind of specific skill isnt really something that you could really be able to learnt it overnight.

Those points above arent something that you could really be able to learn up in a short period of time. Even if it looks pretty basic on doing those things but as said it wont really be that so simple
when you are on such situation on which means on the time that you would really be having that kind of encounter then on the time that you do have that experience then
you do already know on what you should gonna do.

Greed is really on us, can't deny it.
As long as we can control our greed, that is okay but in the moment that it will control our mind, that seems to be a big problem. Many people become rich because of this (greed) but somehow, this will also ruin our future and be a reason for losing our hard-earned money in a short period. Greed is already with us and what we need is to balance the situation and always keep in mind what will happen to us when too much greed is in our mind. Whether we are a newbie or not, we should be smart enough to handle our emotions and keep the level of our greediness low.

Greed is one of the biggest enemies of a trader but I don't see it as the biggest for all traders. Some traders are greedy but their greed doesn't make them to lose when trading or have a bad trade instead the greed keeps making their to win big when they trade. Every trader has someone that's their big energy when trading. Some of them don't know how to time the market correctly knowing when they should be selling or buying while others don't know how to spot opportunities when they see it. Sometime your greed can help you to not leave the market sooner than when the market will have a market pump. Greed isn't bad when you can use it to your favor but newbies including me have to be careful so it doesn't cause us to lose the little money that we have saved for trading.

Greed is the biggest enemy of trading. If you act as a greedy trader, it’s like you break all of these reminders, until you see yourself losing in the end. One mistake will definitely ruin all your plans in trading, so it’s better to start trading only when you already have perceived rightly the reality about trading. However, not all traders tend to follow all of these. Not because they’re not aware, but because it’s certain for individual trader to adopt different strategy from other traders, as long as it shares the same goal for trading, that is to succeed and get profits in the end.

The rules that Op tried to highlight through the picture are common mistakes that new investors make when they first start trading. I think OP is trying to tell newbies with the rules they show that you should avoid these mistakes when investing in early stages. Maybe he's right because when we trade, these two things, emotion greed, are clearly at work in us. Emotions work in us while trading in such a way that when we invest in a coin, if it goes down a bit, we panic and immediately sell that coin out of emotion. Again, when we see a coin that has increased in price, we keep it in the hope of extra profit, but later the price of that coin decreases again.

Most of the new investors cannot do trading analysis properly and even their trading plan is not correct due to which they fail in most of their investments. We need to analyze the market well and understand the volatility of the market to trade properly. If we make a small mistake while trading then maybe because of that mistake there is a possibility of loss in our trade.