Topic: New Trends Among Beginner Traders - page 6. (Read 721 times)

      -   Being a trader, especially if you are a beginner or just entering the trading business industry here in the crypto space, you should know what type of individual trader you belong to. It's hard to enter the trading business without knowing where you are categorized as a trader, right?

We also know that it is not easy to learn; no one has learned to read the market in just one week, or anything like that. Now, in the situation that we have now, I can say that this can be a good chance for buyers to invest in the crypto assets that we want to have. From what I see on the chart graph, we are in a short-down trend right now.

Now, if you think that those kids are doing something wrong, I think that's normal, and it's better for them to see what they're doing wrong so they know in the end which mistakes they made and so they know too that should happen to them again.

In this case, I personally am one of the traders who is in the beginner stage. My experience in trading has not even reached 1 year. So, personally, as a beginner, I prefer to read and respond to comments from pro traders. But the problem is how to differentiate between those who are experienced and those who are inexperienced?

is it from their profit ratio? which they sometimes show off in their trading journals. Because they apparently always record all their trading activities. So that the average profit and loss and all aspects of trading are neatly arranged. So it is easy to evaluate in the future. (that's what I heard). Or is it just from their words that they speak quite convincingly? In fact every time I follow their advice it turns out it works well. And I made a profit on their advice. And I found quality suggestions from my state's Local Board. They were amazing and I learned a lot from them.

You should've also included this forum. There are so many I've seen here who don't even trade or are at best unprofitable but they give trading tips 😂. This is why we should always verify whatever anyone says here before taking it to heart.

I've encountered many like that too. Sometimes, someone close to me who knows I'm in this industry tells me about people they think are also crypto investors only for me to discover that they know nearly next to nothing in crypto apart from some mining apps they're going through on their phones. In most cases, these people don't even have a single satoshi to their name. It ludicrous.

Yes, I have seen countless of them, and they are becoming increasing every day. Many of them are flooding this forum as well, and this is in the name of the informality of trading, there is no way to test or scrutinize them, if not, there wouldn't be much of them running their mouth on what they have a little knowledge about. Well, "by their fruit, you shall know them." They hardly pass my radar unnoticed but I always leave them to their folly because it is not worth it. Unless they come clean that they want to learn, I just smile at many of the idiocies they propagate on online.

Although we have to give them this, most of them understand the theoretical part of trading, no doubt about that and they might use the idea for some discussions. But with the way they do their constructions, you can still detect the quackery in them. This is why I advise people to always go for real knowledge, you can imagine these people training other traders when they have not even started earning or have the needed experience yet. That can't have a good end, to say the least. Anyone who wants to learn trading should go through the right sources and not be using any random social media nonsense. Lastly, viable websites or verified contacts of professionals who could be their mentors are the primary solution these days.

Trading platforms with links to social networks play a major role here. For example, you receive credits or free coins if you trade and someone then registers via your link and deposits money themselves - classic referral.
You see this more often at the moment simply because the platforms now want to take customers away from each other and are therefore launching such campaigns.

But what you definitely hear and read about very often now are copy traders. Newcomers to the market in particular are hoping to make big profits - and are not afraid to show off how much they have already won with copy trading 

I noticed this on social media and it's their way of inviting friends in their circle of friends to join in crypto trading. They may find it easier to invite their friends to join even though they have no real experience in trading. This is a dilemma because they should learn about trading, practice it, share their trading results and invite their friends.

We may think the kids are making mistakes by not learning a trade. But according to them, that is their way of introducing crypto trading to their friends. We can advise them that they want to learn trading to explain it well to their friends. But we can only recommend them and cannot force them.

If they think their actions are right, they will do it anyway. But no matter what, they will later receive the results and see that what they did was wrong. And if they can be wise, they will realize their mistakes and start learning to trade.

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 don't pay much attention to such discussions on social media. that's because most beginners just want to show off with the little trading success they get. maybe it can motivate other beginners, but that kind of thing becomes a joke for experienced traders.

just apply more trying and listening. talk less and share profits. focus on improving your skills. Don't pay attention to other people's chatter, unless someone comes to us privately and wants to discuss it. However, sometimes we need other people's thoughts or experiences to increase our knowledge.

They can actually think they are pro traders because they just joined the market recently, made some trades and got profit. Quick and easy profit make them think they are actually pro traders but they will be tested more by the market. When the market turns to bearish, have corrections and crashes, they will be washed out and the market will reveal truth about those self-considered pro traders.

Demo account trading is different than with real account with real money. With demo trading, no pressure of losing money, no greed to chase profit and people can apply what they learn for demo trading. They will do more accurate decisions without effects from emotion, greed and fear which they will have to face with real account and real money.

Yeah this is nothing new. I've experienced this almost 15 years ago when I was trading stocks. I would go to the Yahoo discussions for certain tickers like AAPL and there would be countless people there who pretend to be some pro traders. However eventually if you took their advice you would notice that they don't know what they are doing.

Then went to some trading forum and same thing. Basically people pretending to day trade for a living and posting screenshots of their demo account. I don't know why people do this. Most likely they do it for attention. But its not good because its basically the blind leading the blind pretty much. Hence why you are pretty much on your own in this trading journey.

It looks like they are just trying to gatecrash into the market, even though this is one of the safest times to enter the market and there is not much time to learn about it. Also, they need to decide what type of trader they want to be. In the short or long trades, a year is the ideal duration for the long trader at the moment. It is a must for them to be able to research a project or coin and stay up to date on its progress through the market during the project's development. Buying and sitting back is dangerous, they should learn and keep learning, always online and well informed.

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?"