New Trends Among Beginner Traders - page 2.

tbterryboy

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

That happens because people are greedily searching for signals and some people are taking advantage of this by creating fake channels for paid signals. As long as people keep searching for such signals, these groups will exist. It reminds me of a few years ago when ICOs were so popular because people were putting money into those projects like crazy but once people stopped doing it, I think that market has shrunken.

One thing people need to understand is - There is nothing free in this world and people giving signals would make money themselves if they were so successful. So, stop falling for such signal groups and perhaps spend that time learning trading yourself.

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

Beginner traders have minimal knowledge and want to flex or share their knowledge even though most of their stories are just sceptical, because of clout chase. I don't know if they have different reasons why they keep having a flex with the knowledge they didn't experience some of them are just based on the second-hand knowledge or experience of another trader not really on them, if you want to learn more in trading invest in knowledge and keep it lowkey you don't need to share tons of things in the internet just people who want to know or curious is enough. You can see there's a lot of trading gurus telling they have a higher successful rate and selling their services even though its just a basics.

AnonBitCoiner

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Quote from: radjie on December 25, 2023, 02:46:43 AM

There may be some of them who intend to invite their colleagues to get involved in crypto trading, but when many ask how much profit they get from the trading they do, they only state that the profit is not real. It's true what Op said, it's best to focus first on understanding how it works before inviting other people to get involved in crypto trading.

I think this is in human nature, when they find about something new, they get so excited and immediately want to share about that to other people. without even learning and confirming if that thing is true or not. it is same with new Traders, when they find out about trading and hear from people that there is a lot of profit they immediately start telling their friends and family without confirming that by themselves first.
they hear only half information mostly from youtube influencers or telegram and discord groups.
it is true that there is a lot of profit in treading, but it also requires a lot of hard work, need knowledge and even with hard work and knowledge there is so much risk of loosing in trading. these nw traders miss these points and then end up being disapointed.

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Quote from: lombok on January 12, 2024, 07:52:35 AM

Quote from: bitgolden on January 12, 2024, 07:06:25 AM

Quote from: Assface16678 on January 08, 2024, 03:39:50 AM

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

So in essence crypto and social media are just marketing tools to find profit gaps and sources of income, and trading is just a side activity or not even one at all. I also observed several VIP social media groups that were not even paid but had many followers and their source of income was collaboration with one of the big exchanges, as you said, by using their large number of followers to make money / usually called referrals. The profits are much bigger if you calculate it and are definitely very stable and have even greater potential. It is more profitable compared to trading which has the potential for losses.

This is nothing new, many people take advantage of this opportunity to use group channels as a medium to promote one project or another to followers or members to make money. I don't blame them because they are really good at taking advantage of opportunities or the enthusiasm of beginners to learn crypto, especially Bitcoin, from a channel group. It's just what I regret, quite a few of them promote scam projects which in the end many beginners experience losses and quite a few also share signals which in the end many beginners get trapped because the signals don't match reality.

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Quote from: suzanne5223 on January 12, 2024, 01:15:01 PM

Quote from: batang_bitcoin on January 12, 2024, 12:50:41 PM

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.

Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.

Yeah, that's all about the potential money that they're going to milk from their possible sponsors and brand deals. There is nothing new with them. But what we need to do is to educate the people that we know or some random newbies and always make them aware of these things that are happening. And keep them reminded that most of the influencers aren't good with that title that they have but still, their grit and hard work to gain that much followers is recognizable.

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Quote from: batang_bitcoin on January 12, 2024, 12:50:41 PM

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.

Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.

batang_bitcoin

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That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

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Quote from: irhact on January 12, 2024, 11:54:50 AM

Quote from: lombok on January 07, 2024, 04:44:25 AM

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

The real traders won't come on social media to show off, they'll prefer to stay unknown and be making their money. When you start to show off on social media, you're doing that as you want to gain popularity or get money from subscribers. You're also putting your wealth to the public as you'll become a target to those individuals that want to steal from others. Real traders don't go around social media making noises, they study the market and make more money.

This new trends is done to gain popularity and they use their popularity to make money, they're not traders as they haven't gained enough experience to be called a professional trader. Block them when they show on your feed so you don't get tempted to want to be like them or join their fake channels. Learn to mind your business and learn, after you're done learning you'll be making profits in the future.

This new generation traders (not limited to traders only) believe so much in the power of social media and their ability to make money from it. Most people who have one form of skill or the other are not even interested in the skills they have, they just want to gather followers/subscribers and make money through their pages and channels. We are also aware that most of these social media traders use their social media platforms to dish out wrong information and even scam their followers. This is why we have to be careful of what information we digest from social media.

As a newbie in trading, social media platforms like telegram and WhatsApp channels might not be the right place to learn about trading. There are actually good journals and trading forums to learn from. A good mentor is also a very good advantage if you are lucky to find one.

irhact

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Quote from: lombok on January 07, 2024, 04:44:25 AM

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

The real traders won't come on social media to show off, they'll prefer to stay unknown and be making their money. When you start to show off on social media, you're doing that as you want to gain popularity or get money from subscribers. You're also putting your wealth to the public as you'll become a target to those individuals that want to steal from others. Real traders don't go around social media making noises, they study the market and make more money.

This new trends is done to gain popularity and they use their popularity to make money, they're not traders as they haven't gained enough experience to be called a professional trader. Block them when they show on your feed so you don't get tempted to want to be like them or join their fake channels. Learn to mind your business and learn, after you're done learning you'll be making profits in the future.

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Quote from: bitgolden on January 12, 2024, 07:06:25 AM

Quote from: Assface16678 on January 08, 2024, 03:39:50 AM

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

So in essence crypto and social media are just marketing tools to find profit gaps and sources of income, and trading is just a side activity or not even one at all. I also observed several VIP social media groups that were not even paid but had many followers and their source of income was collaboration with one of the big exchanges, as you said, by using their large number of followers to make money / usually called referrals. The profits are much bigger if you calculate it and are definitely very stable and have even greater potential. It is more profitable compared to trading which has the potential for losses.

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Quote from: Assface16678 on January 08, 2024, 03:39:50 AM

Quote from: lombok on January 07, 2024, 04:44:25 AM

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

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Quote from: Yamifoud on January 11, 2024, 09:32:56 AM

Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

Has anyone else here noticed this too?"

Not to wonder and anyone can do the same even without experience as they just share based on what they have learned when watching videos and online tutorials.

To question if that is wrong? Definitely, because those tips are unrealistic and never help us to succeed but instead, they lead us in the wrong direction. This time, we have a lot of people claiming themselves to an experts, and too sad to see that many innocent people also have fallen into them. Therefore, I would say that the quality of traders now is not quite good.

just because there is little success in trading, and they share screenshots on social media does not make such traders trustworthy in the analysis or signals provided.
those who share signals also don't know for sure what they are sharing. There is no truth as to whether the signal will be according to plan or not.
If you want to follow trading signals, it is better to find out first what the trading record of the person giving the signal is. I'm not saying all trading signal providers are bad. but some provide analyses that may coincidentally be appropriate.
These are all techniques that can be learned. So we have to master it first so that we don't just seriously follow the signals given. Let's just say the signal is a reference that we can study again.

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

Has anyone else here noticed this too?"

Not to wonder and anyone can do the same even without experience as they just share based on what they have learned when watching videos and online tutorials.

To question if that is wrong? Definitely, because those tips are unrealistic and never help us to succeed but instead, they lead us in the wrong direction. This time, we have a lot of people claiming themselves to an experts, and too sad to see that many innocent people also have fallen into them. Therefore, I would say that the quality of traders now is not quite good.

ancafe

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

For me it is not surprising because everyone can speak freely what they want to say, depending on how other people assess the conversation and how they should behave when they see trading talk by people who don't understand it on social media. Just imagine we are talking about something we don't know and if the listener is intelligent they will definitely know that what they are talking about is a bigger lie than the truth.

Trading may have the same discussion regarding several strategies used, but when discussed by people who do not understand trading, the delivery will definitely be different. Lastly, be wise in viewing any discussion on social media because there are many people who are free to speak according to their wishes.

bettercrypto

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

You know what you are saying: most of them are self-proclaimed experts. When that's what you see and notice, don't waste your time on those things. Because, like you said, they don't show that they have the knowledge of crypto trading that you are talking about.

Even now that the bull run is coming again, the so-called expert traders are appearing again on YouTube, who are obviously only using influencers for their personal motives.

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Quote from: Bitcoinpoly on January 10, 2024, 11:40:09 AM

Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

Personally I know there are lots of people out there without much experience and good trading skills but yet they still give advices and lectures, as for me instead of listening to someone who is not well informed and lack good understanding of the market, I would rather go for copy trading so that I can make my cool profit. There are lots of people who make good profit through copy trading from exchange like Bitget.

Copy trading is good if you are actually copying from a professional and successful trader. But if you turn out copying from a fake trader, that will only lose your funds all of a sudden. So my point is learn to trade instead by studying the basics in trading on your own. Eventually, you will gain various experiences in trading, mostly losing for a beginner, but after series of losses I know you will gradually develop your own skills and strategies to make your trades work, and maximize your profit making.

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Quote from: Davidvictorson on December 24, 2023, 07:30:21 PM

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

Personally I know there are lots of people out there without much experience and good trading skills but yet they still give advices and lectures, as for me instead of listening to someone who is not well informed and lack good understanding of the market, I would rather go for copy trading so that I can make my cool profit. There are lots of people who make good profit through copy trading from exchange like Bitget.

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Quote from: mirakal on January 08, 2024, 10:37:06 AM

Quote from: lombok on January 07, 2024, 04:44:25 AM

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

Sad reality about beginner traders, they’re not pro traders but when they start talking, it’s like they can manipulate those innocent people and deceive them with their words of wisdom, but when it comes to performance, for sure they won’t say negativity on the real results of how they trade because that will ruin the good reputation they are forming. When we happen to see this, we should be smart enough not to believe them since they are not actually successful and profitable traders.

While these new traders have a lot to talk and say, those successful traders are often seen silent on one side. Not that they don’t want to meddle, but they just want to focus on what they think is more important that they don’t have even time to correct these fake trades.

This sounds reasonable, because when it comes to growing their portfolio, pros will tend to focus on their portfolio instead of being busy influencing other people, even newbies. And in reality, when they are in a gathering/forum, they prefer to discuss other things rather than trading. I don't know if this is true or not what is happening around you, but I often meet and observe their behavior that they tend to be silent and choose to discuss other things rather than trading issues.

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Quote from: lombok on January 07, 2024, 04:44:25 AM

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

Sad reality about beginner traders, they’re not pro traders but when they start talking, it’s like they can manipulate those innocent people and deceive them with their words of wisdom, but when it comes to performance, for sure they won’t say negativity on the real results of how they trade because that will ruin the good reputation they are forming. When we happen to see this, we should be smart enough not to believe them since they are not actually successful and profitable traders.

While these new traders have a lot to talk and say, those successful traders are often seen silent on one side. Not that they don’t want to meddle, but they just want to focus on what they think is more important that they don’t have even time to correct these fake trades.

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Quote from: Fara Chan on January 07, 2024, 05:46:07 AM

Quote from: Bushdark on January 05, 2024, 11:58:46 AM

Beginners traders always have the mindset of winning everytime even without having a good skill that could create wealth for them.
I could remember when u started trading, I do have the mindset that I would become rich soon but I was surprised that trading is never a Ponzi scheme. That is when I realized that I would have to work harder and study the market before I keep making consistent profits from the market imitating the lifestyle and method of pro traders.

Beginners who think like that should still be considered normal because they basically still don't have enough knowledge to understand the market and trading more specifically. However, over time, this mindset will definitely disappear with the formation of a better mindset after undergoing several trades like you have done in the past. I would not be surprised to see beginners who immediately think they will win every time through trading, because they just need to ask questions and understand what they have done gradually.

Perhaps, it was normal because that is what they heard from social media influencers and think that they could make a profit too easily. That is how they brainwash beginners and a pretty working strategy. In fact, that is what I thought before until I experienced how difficult to become a trader in real life.
As we have been brag by some people showing huge income from trading (which was not their money), the more we become aggressive to trade and even the lack of knowledge, we still push ourselves to do it.

Somehow we realized that not all we see on social media are true, most of them are fake. That is why we have to help ourselves not to fall into greed or else, we are like those people who suffer losses first before knowing the truth.

Topic: New Trends Among Beginner Traders - page 2. (Read 721 times)