Topic: New Trends Among Beginner Traders - page 3. (Read 721 times)

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.

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.

I don't think we should take this topic so seriously, and the reason is that whether they are experienced or inexperienced, so far what they are saying is correct, I see no reason why they should be crucified for that. But if what they say is not correct, we can point their attention to it or report them if it is becoming persistent. However, till now, I hardly see anyone writing about trading and investments writing rubbish, they might not be very professional in their constructions but they still write what you still deem as true if you verify externally. In light of this, it mustn't be that everybody is successful in trading before they can contribute here uniquely or not.

Besides, if you are leaving it to those who are so professional in trading, you will hardly see anyone talk about trading and investment together. Is that what the OP wants? Even those who are fronting on social media that they are the trading and investment gurus know little or nothing when it comes to practical success. But the fact that the theoretical part is cheap to convey is where they are hiding.

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.

Yes there are many who don't really know much about trading but they are very expert in imparting knowledge. It is really very harmful that someone who doesn't know much about trading but still gives various advices but there are many traders who have very good knowledge about trading.  keep but are not able to succeed in trading in real life. I don't think it will hurt if they advise.  New traders should follow veterans on forums.  Don't trust any YouTube channel.  Trading patiently with your own intelligence.  Mastering trading takes a lot of time so be patient and keep trying.

With the huge amount of misinformation and fake news appearing on social media every single day, I do not know how any person could take what they read there with any level of seriousness, and what is even worse is that those beginner traders are taking decisions that could affect them for the rest of their lives based on what someone they did not know posted online, which at least to me is insane, and yet this happens all the time. 

I would say Beginners Traders should never try to get any trading suggestions or knowledge from any social media platform. There are many traders on social media who present themselves in front of Beginner Traders, who only show trading profits to those who are just starting to trade. Which is actually taken from his demo account but newbies don't understand it. For those who are just starting trading, I would say to them, give yourself time to enter the market in the safest way and try to learn about the market by analyzing yourself. Moreover the Beginner Traders have to decide what kind of trader they want to be for short term or long term. But sadly the truth is that we have Beginner Traders who gain knowledge about trading through social media and then end up in dangerous situations.

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.

Nowadays people claims to be expert while they are not sometimes they only learn little strategies online and some tips with the terminology they will go out their to create a youtube channel or social media channels to post out their little experiences claiming to be one of the successful traders out there. One thing I do for myself is that I don't easily being affected with what people tends to display out there to impression me or to inspire me just because they are making some cool cash without proof or believe and confirmation and, of curse even if they made such money from trading its their time they venture and they need to earn something good from trading.

But the fact I don't like from them is trying to convince people to subscribe to their channel and pay some certain amount for trading tips and signals they don't even study well is what getting me weird and for that anyone who is joining trading should look out the best people to follow out there because many just uses Demo account to influence newbie traders who doesn't know what trading is all about.

the current bullrun trend is truly overshadowing the risk of trading, almost all market are pumping and therefore the beginner traders might think they are expert because they have series of successful trading from the rather bullish market which might cause massive loss to them once the bearish market hits, after all it just means that they will just trade irresponsibly in the future, and will eventually incur a huge loss once they are caught off guard.
I think this is the thing with the saying that everyone is expert at bullish market because the market is going towards bullrun so its easy to buy at low or when correction happening and then wait it out until the price goes higher.
but im sure that any smart beginner trader would realize such thing and try to find some knowledge about the proper way of trading even though its rather obscure but knowing some basic trading principle helps a lot in this regard.
even learning some experience by reading some good article about trading from the experienced trader might help a lot in this case because after all usually experience is expensive but by just reading other people experience we easily gain some knowledge.

That could be highly possible as we have seen a lot in social media where they flex their trading strategies and claim that those have already made a lot of successful trades, without knowing the fact that those strategies are ineffective and have only contributed losses in trading. If you are weak, you will fall on their traps easily and make you entrust your capital on them and end up losing them all. It's late when you realized that those are just beginner traders who have not proven any significant profits in the trading industry.

Never get deceived with how these newbie traders pretend to be skillful ones. If they really are what they say, they might not be wasting their time lifting their own chair and just focus on what they can do on their trading abilities and skills.

Beginner traders have different mindset these days. Instead of harnessing their potential knowledge and skills that will give them an edge in trading, they prefer to act more confident on the current position of their trading activity without thinking that if they fail to enhanced their trading abilities, they will never be successful in trading anymore.

The problem with beginner traders these days is they are mostly hesitant to positive changes and improvements. They feel that what they have is more than enough, that they can be sustainable enough in trading, but reality hits that if you lack the capabilities to trade, you will never be successful and profitable in your trades.

This is the result of the current generation gaining exposure to social media since their birth, for those that were adults or teenagers when they were first introduced to those social networks, there is still some reticence to share everything that is going on with your life, but that reticence does not exist with those people, so even if you tell them that they should tone it down and learn all what they can before they begin to brag about their non-existent results, they are not going to listen and will keep embarrassing themselves as they do it.

Knowledge and skills will no longer do the talking these days. Beginner traders are much feeling entitled and it seems that with the little knowledge they know in trading, its like they already know everything about the whole crypto market. That's how beginner traders act these days, the reason why majority of them do not last profitable in the market because their experiences are not deep, their desires are not genuine, and so what they gain are only for temporary, not for long term profitability.

Most new traders and new investors are interested in trading only by seeing the profits and success of others. Two friends are walking together If one of the two friends earns a certain amount of money every day by trading then his friend will feel that he should also trade and if he trades like his friend then he also earns some amount of money every day. It is from such thoughts that most of the investors or traders show interest in making new investments. For those who have a skilled trader or skilled investor to guide them, the journey of trading may not be difficult but for those who have no one to guide them, the journey of trading is not at all easy. He has to face challenges at every stage of trading and he has to face those challenges only then he can profit from trading.

I see posts like this a lot from them on their WhatsApp statuses and other platforms where they have audience. It is their life and they should be at liberty of doing whatever they feel comfortable doing, I do not have a problem with their constant updates provided they ain't forcing their teachings down my throat . Most times, their intentions might be pure, their updates might make them open to criticism from those who are more knowledgeable in the field of trading, this way they learn from those constructive criticisms too. It will only be bad on their part if they exhibit pride while obviously doing the wrong thing.

Yes, this is the primary thing that would happen once bull market would emerge or would happen on which there would be sudden influx of numbers into those so called gurus or trading experts on which even if they are complete noob, they would really be trying out to decieve out other people that they are really that professionals on which we should really be that careful specially into those new people or noobs who would really be that
dealing up with the market. It is really just that no sense on sharing out speculative approach and tending or asking out for some vip or subscription fees on which surprisingly that there are still people who are really that
get easily fooled out with these fake gurus or even into those old ones on which its never been worth on paying something which you could eventually learn on your own.

Its not new anymore and this has been that relevant or quite common into those previous cycles or runs on which there are those sudden experts claiming that they have some good winning trading rate
which if you wont really be that careful then you would really be that victimized by these people on which it would be not that suggested that you do get yourself that fooled
but well if we do just make use of our own common sense then you would be easily be able to spot it out.

We don't know whether it was a mistake or whether it is a new trend among novice traders. If they want other people's curiosity to get involved in trading, they can do it.
I didn't notice that trend among novice traders because I also don't check social media very often. On WhatsApp, Telegram, Twitter and others, no one discusses this trend.
Maybe they feel comfortable sharing everything they do including their trading. I see that today's generation wants to always share what they do with the public. Even if it would provoke a reaction from his friends, they didn't care much about it either.
They only care about how they can get more followers.

I don't think there is a new trend. It seems crypto is still the same as before. What I'm confused about is "among novice traders". I wonder does this mean that novice traders will dominate the market? I think you understand much better, even I often check Twitter, etc. There is nothing different or brings big changes from the trend. they may be new people who want to flex like motivation to learn trading. This makes more sense than seeing traders starting with a new trend.

It is indeed very difficult not to be arrogant when doing things that only a few people can do and most of us see those who only have a little understanding of trading and when they understand it well I think they will be able to act wiser in dealing with other people.
If they understand about crypto trading and feel proud of what they know, of course they won't feel the losses they will incur in trading if they don't understand it well, so it would be better for them to keep learning well about crypto trading so they don't just be proud of it. what they just found out.